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Oil rises after sell-off but euro stuck at 20-year low, equities drop
Oil prices rose Wednesday after suffering a painful drop the previous day, though the euro remained wedged at a 20-year low and equities mostly fell in Asia as recession fears continue to flow through trading floors.
'Like a dream': Japanese grandpa draws in following as art YouTuber
Harumichi Shibasaki was nearly 70 when he began making YouTube art tutorials from his quiet home in the Japanese countryside. Five years on, he has 1.4 million subscribers.
Norway government intervenes, ending oil and gas strike
Norway's government said Tuesday it was referring a dispute between oil and gas workers and employers to an independent board, after an industry group warned strikes could cut Norway's gas exports by more than half.
Gorgosaurus tipped to fetch $8 mn at New York auction
A skeleton of a Gorgosaurus dinosaur is going up for auction for the first time and is expected to fetch between $5 million and $8 million, Sotheby's said Tuesday.
Fierce shelling in eastern Ukraine as NATO heralds its 'historic' expansion
Fighting raged on Tuesday in and around Ukraine's eastern Donbas region as Russian troops tried to maintain a series of battlefield gains, while NATO pressed ahead with Finland and Sweden's momentous membership bids.
US court rules distributors not responsible for opioid crisis
The three largest drug distributors in the United States have won a major court victory, with a judge ruling that they were not responsible for record opioid addiction in one part of West Virginia state.
Markets slump as recession fears grip investors
Stock markets sank and oil prices plummeted Tuesday as fears mounted that major economies will slide into recession as inflation soars, with the euro slumping towards parity with the dollar.
Ford's US car sales rise despite semiconductor crunch
Ford reported higher US auto sales Tuesday, bucking an industry-wide trend of declines in the latest quarter amid crimped supply of semiconductor and other key parts.
Fighting rages in eastern Ukraine as NATO pushes expansion
Fighting raged Tuesday in and around Ukraine's eastern Donbas region as Russian troops tried to build on recent battlefield gains, while NATO pressed ahead with Finland and Sweden's historic membership bids.
Euro slumps as recession risk stalks eurozone
The euro on Tuesday slumped to its lowest level since 2002 and European stock markets sank as growing recession risks sent shockwaves around the region.
Struggling SAS files for Chapter 11 bankruptcy proceedings in US
Faced with financial difficulties and a massive pilot strike, Scandinavian airline SAS said Tuesday it has filed for so-called Chapter 11 bankruptcy proceedings in the United States, as a part of restructuring plan.
Hacker claims major Chinese citizens' data theft
A hacker claiming to have stolen personal data from hundreds of millions of Chinese citizens is now selling the information online.
Israel PM visits France with Lebanon gas row topping agenda
Israeli Prime Minister Yair Lapid departed on his first foreign trip in office Tuesday to France, where he will ask for backing on a gas dispute with Lebanon that days ago saw Israel shoot down three Hezbollah drones.
Markets mostly up on talk Biden to roll back some China tariffs
Most markets rose Tuesday on growing speculation US President Joe Biden is about to roll back some of the Trump-era tariffs on Chinese goods as he looks for ways to rein in inflation, though sentiment remains at a premium owing to fears of a recession.
I.Coast eyes cassava for its bread as wheat prices surge
As wheat prices are driven upwards by the war in Ukraine, bakers in the West African state of Ivory Coast are starting to use locally produced cassava flour to bake bread.
China mulls dipping into pork reserves to rein in costs
Chinese authorities could dip into strategic pork reserves in a bid to rein in prices of the staple meat, Beijing's top economic planner said Tuesday.
Qatar's 'majlis' gamers target eSports big leagues
World Cup host Qatar doesn't just have its sights set on football -- it also hopes to harness its people's gaming skills as it launches into the burgeoning eSports sector.
US, China discuss 'severe' economic challenges, supply chains
Top officials from the United States and China held a "candid" video call on Tuesday to discuss global economic challenges, especially regarding supply chains.
Asian markets rise on talk Biden to roll back some China tariffs
Asian markets rose Tuesday on growing speculation US President Joe Biden is about to roll back some of the Trump-era tariffs on Chinese goods as he looks for ways to rein in inflation, though sentiment remains at a premium owing to fears of a recession.
'Guerrilla' sales, crowdsourcing: Japan's game console crunch
It's still dark when the line starts forming outside an electronics store in Tokyo, as desperate gamers try to snag the latest PlayStation or Xbox despite chronic shortages in Japan.
Indigenous protests cost Ecuador $1 bn, central bank says
Eighteen days of protests over the cost of living by Indigenous Ecuadorans who blocked roads and oil wells cost the country at least $1 billion, the central bank said Monday as the movement's leader went on trial.
UK drivers in go-slow protest over surging fuel prices
Protesters snarled up major UK roads on Monday with a slow-moving procession of vehicles to demand government action against rocketing fuel prices.
Central African Republic dives into crypto with the Sango
Undeterred by the turmoil hitting crypto, the Central African Republic (CAR) -- one of the poorest and most troubled countries in the world -- has unveiled plans to launch its own digital currency.
European equities recover as optimism creeps back in
Europe's stocks recovered somewhat Monday as investors tentatively regained some optimism following the heavy losses in the financial markets last week on fears that rising interest rates could spark recession.
Russia holds key Ukraine city in setback for Kyiv
Russian troops were on Monday holding the strategic Ukrainian city of Lysychansk after Kyiv's forces retreated, in a major boost for Russia's campaign to seize the entire Donbas region of eastern Ukraine.
Stocks fluctuate as traders fret over recession
Markets swung Monday as traders fret over a possible recession caused by central bank interest rate hikes aimed at fighting soaring inflation.
Funding and politics hit N.Ireland abortion services
Campaigners in Northern Ireland are closely watching US moves to restrict abortion, particularly concerns that women will now have to travel across states for terminations.
Chinese developer Shimao misses $1 bn bond payment
Chinese developer Shimao Group said it has failed to make payment on a $1 billion bond that matured Sunday, one of the biggest such defaults so far this year in the country's troubled property sector.
Bezos slams Biden appeal for lower gasoline prices
Amazon founder Jeff Bezos has criticized President Joe Biden for calling on oil companies to lower sky-high gasoline prices, prompting the White House to come to the US leader's defense on Sunday.
US officials urge calm after releasing video of police killing Black man
Authorities in the US state of Ohio appealed for calm Sunday after releasing body camera footage that showed police fatally shooting a Black man with several dozen rounds.
W.African bloc lifts Mali sanctions, agrees on Burkina transition
West African leaders on Sunday lifted sanctions on Mali's military regime, accepting a March 2024 return to civilian rule, and agreed on two years for Burkina Faso's transition back to democracy, delegates at a regional summit said.
Russia claims key Ukraine city, shelling kills 6 in Sloviansk
Russia claimed on Sunday to have captured the strategic Ukrainian city of Lysychansk and the entire frontline Lugansk region as a mayor said six people were killed by Russian shelling to the west.
Sri Lanka grinds to a halt as fuel reserves shrink
Sri Lanka has less than a day's worth of fuel left, the energy minister said Sunday, with public transport grinding to a halt as the country's economic crisis deepened.
Life resumes near Ukraine frontline despite war threat
Viktoria Miroshnichenko has just reopened her toy store in Kramatorsk, a city near the frontline in eastern Ukraine, despite the daily sound of bombing roaring in the distance.
US multinationals grapple with soaring dollar
The rapid rise of the US dollar since the start of the year is a double-edged sword for American multinational companies, pushing some of them to decide whether to hedge or reposition their activities abroad to avoid fallout.
Battle rages for Ukraine city, Belarus says downed missiles
Fighting raged for the strategic Ukrainian city Lysychansk on Saturday, as Belarusian leader Alexander Lukashenko said his army had intercepted missiles fired on his territory by Kyiv's forces.
Tesla deliveries fall with temporary closure of China factory
Tesla's deliveries of electric vehicles fell in the second quarter compared to the previous one due mainly to a weeks-long closure of its factory in China, the company said Saturday.
London marks 50 years of Pride
London on Saturday celebrated the 50th anniversary of its first Pride parade, marking half a century of progress in the fight for equality and tolerance but with warnings that more still needs to be done.
Pro-Russia rebels claim to 'encircle' key city, Ukraine denies
Fighting raged Saturday for Ukraine's strategic Lysychansk, as Kyiv denied a claim by Moscow-backed separatists that they had encircled the eastern city.