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AZN	-0.5%	66.3	$
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NGG	-0.27%	58.86	$
RIO	-0.05%	59.2	$
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Featured

Demand for Japanese content booms post 'Shogun'

Fuelled in part by the success of TV hit "Shogun", foreign studios are hungry for quality Japanese content and local creators are adaptingto meet demand.

Global stocks mostly higher in thin pre-Christmas trade

Global stocks mostly pushed higher on Tuesday in thin Christmas Eve trade as investors waited to see if a so-called Santa Claus rally would sweep the market.

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Sacklers agree to new $6bn Purdue US settlement over opioids

The Sackler family will pay up to $6 billion to address damage linked to the US opioid crisis under an amended Purdue Pharma bankruptcy plan following an agreement with holdout states, according to a court filing Thursday.

Sanctions on Russia add to troubles facing global helium industry

Helium is the second most-abundant element in the known universe, but to the semiconductor fabricators and doctors who rely on it for their businesses, it is better known as the latest raw material to grow scarce -- and the war in Ukraine could make the shortage worse.

Argentina, IMF agree on loan repayment plan

Argentina and the IMF said Thursday they had reached agreement on a "pragmatic and realistic" plan for the country to repay a ruinous $44-billion debt.

'Too early' to gauge Ukraine war's impact on US Fed plans: Powell

US Federal Reserve Chair Jerome Powell on Thursday told Congress it's "too early to say" whether Russia's invasion of Ukraine will change the bank's plan to hike interest rates throughout 2022 to fight runaway inflation.

Lviv's Art Palace turns Aid HQ for Ukrainians under the bombs

Lviv's imposing Art Palace buzzes from dawn to curfew with volunteers sorting through donations from Europe that are flooding into this west Ukrainian city.

Satellite operator OneWeb suspends Baikonur launches

Global satellite communications company OneWeb announced on Thursday that its board had voted to suspend all launches from Russia's Baikonur Cosmodrome in Kazakhstan.

Is 5G truly green, or will it burn up more resources?

The tech industry has long tried to align with the green movement, though its leaders are often accused of spouting nebulous slogans and making hard-to-test pledges.

Ukraine pounded and exodus mounts as Russia seizes key city

Russian troops seized Kherson, the first major Ukrainian city to fall in a war that has drawn global outrage and driven one million civilians from their homes, ahead of ceasefire talks Thursday.

Equities rise as Powell soothes rate fears, oil close to $120

Stocks rose Thursday after Federal Reserve chief Jerome Powell said the bank would hike interest rates gradually to fight inflation, though oil marched towards $120 as the Ukraine conflict continues to roil energy markets.

IMF urges Sri Lanka to raise taxes, devalue currency

The International Monetary Fund warned crisis-hit Sri Lanka on Thursday that its foreign debt was "unsustainable", and called for devaluation and higher taxes to revive the almost bankrupt economy.

Turkey inflation woes pit tenants against landlords

Kicked out in the middle of a harsh Turkish winter, 30-year-old Erdem Yilmaz calculated that he spent two and a half months' salary to urgently relocate to a new home in Istanbul.

Texas court temporarily halts investigation of transgender minor

A court in Texas ordered the suspension Wednesday of a probe into the parents of a transgender 16-year-old girl under a legal opinion that deemed transitioning procedures as tantamount to child abuse.

Key moments in the saga of former Nissan boss Carlos Ghosn

From his shock detention to an audacious escape from Japan hidden in an audio-equipment box, the rollercoaster saga of former Nissan boss Carlos Ghosn has grabbed headlines worldwide.

Equities rise as Powell soothes rate fears, oil presses higher

Asian stocks rose Thursday after Federal Reserve chief Jerome Powell said the bank would hike interest rates gradually to fight inflation, though oil marched higher as the Ukraine conflict continues to roil energy markets.

Six-month suspended sentence for Ghosn aide Kelly in Nissan trial

Former Nissan executive Greg Kelly was handed a six-month suspended sentence on Thursday by a Tokyo court over allegations he helped disgraced auto tycoon Carlos Ghosn attempt to conceal income.

Protesters urge closure of Panama Canal to Russian ships

A small group of protesters urged the Panamanian government Wednesday to close the Panama Canal to Russian ships as punishment for the invasion of Ukraine.

Stocks rise despite jump in oil, metals prices

US and European equity markets rallied Wednesday despite another jump in the price of oil and other commodities, taking solace from Federal Reserve comments suggesting a patient approach to hiking interest rates.

Fitbit recalls 1.7 mn smartwatches due to burn risk

Fitbit on Wednesday recalled 1.7 million of its Ionic smartwatches used for tracking steps and other activity due to the risk of batteries overheating and burning wearers.

Army of cyber hackers rise up to back Ukraine

An army of volunteer hackers is rising up in cyberspace to defend Ukraine, though internet specialists are calling on geeks and other "hacktivists" to stay out of a potentially very dangerous computer war.

Banksy works belonging to Robbie Williams sold at auction

Two works by the mystery British artist Banksy belonging to the singer Robbie Williams both sold for several million pounds at auction in London on Wednesday.

Ceasefire talks mooted after Russia shells Ukrainian cities

Russia on Wednesday mooted the possibility of ceasefire talks with Ukraine after Russian forces shelled several Ukrainian cities and troops battled in the streets of Kharkiv.

Oil, gas hit records on Ukraine conflict

Oil prices soared Wednesday above $113 per barrel and natural gas hit a record peak before edging off their peaks, as investors fretted over key producer Russia's intensifying assault on Ukraine.

Foldable future: Smartphones return to design classic

The "snap!" of a shutting phone is the nostalgic sound resonating from the giant stands of Samsung, Oppo and Huawei at the Mobile World Congress in Barcelona this week.

Ukraine war impact on US economy 'highly uncertain': Fed chief

The impact of the conflict in Ukraine on the US economy is "highly uncertain," and the central bank will need to adjust quickly to ensure the post-pandemic recovery continues, Federal Reserve Chair Jerome Powell said Wednesday.

Oil, gas rocket to record levels on Ukraine conflict

Oil prices soared Wednesday above $113 per barrel and natural gas hit a record peak, as investors fretted over key producer Russia's intensifying assault on Ukraine.

UN agrees to create 'historic' global treaty on plastic trash

The United Nations on Wednesday agreed to start negotiating a world-first global treaty on plastic pollution in what has been hailed a watershed moment for the planet.

Pipe dreams: German village seeks future for Nord Stream 2

Once defended by the former chancellor Angela Merkel as a purely economic project that will bring cheaper gas to Europe, the controversial 10-billion-euro Nord Stream 2 pipeline has finally been canned by Germany over Russia's invasion of Ukraine.

Top oil producers likely to hold course despite Ukraine war

Saudi Arabia, Russia and other top oil producers are expected Wednesday to agree to hold firm on only gradually opening the taps despite Russia's assault on Ukraine sending prices spiralling.

Oil tops $113, equities sink on Ukraine war fears

Crude surged past $113 a barrel Wednesday and equities sank with investors growing increasingly fearful about the Ukraine war's impact on global energy supplies and the economic recovery.

Oil tops $110, equities sink on rising Ukraine war fears

Crude surged past $110 a barrel Wednesday and equities sank with investors growing increasingly fearful about the Ukraine war's impact on global energy supplies and the economic recovery.

Sri Lanka runs out of fuel as dollar crisis worsens

Sri Lanka's public transport was crippled Wednesday as buses ran out of diesel, officials said as the country's foreign exchange crisis worsened with no dollars to import fuel.

UN to take first step towards 'historic' plastic treaty

The United Nations is to launch formal negotiations on Wednesday for a global treaty to address a plastic trash "epidemic" that supporters say is a historic moment for the planet.

ExxonMobil, Apple, Boeing latest US giants to cut ties with Moscow

Apple, ExxonMobil and Boeing announced Tuesday in rapid succession steps to withdraw or freeze business in Russia as more US corporate giants take action after the Ukraine invasion.

Oil prices soar, equities sink on Ukraine invasion

World oil prices again soared Tuesday while European and US equities sank after investors were unnerved by key crude producer Russia's attack on Ukraine.

World's biggest shipping groups suspend Russian deliveries

The three biggest container shipping groups in the world announced Tuesday that they were suspending non-essential deliveries to Russia, adding to the country's economic isolation following a raft of sanctions by the West.

Sri Lanka imposes longest power cuts in 26 years

Sri Lanka on Tuesday announced nationwide seven-and-a-half hour daily power cuts, the longest in more than a quarter of a century, as its foreign exchange crisis leaves it unable to import oil.

Ukraine accuses Russia of air strikes on housing block, TV tower

Russian air strikes hit a residential block in Kharkiv and the main TV tower in the capital Kyiv, Ukraine said on Tuesday, as Moscow stepped up attacks despite sanctions and warnings of a humanitarian crisis.

The Azov Sea, symbolic prize of Russia-Ukraine war

In the mist and pouring rain, the usually bustling port of Taganrog in south-west Russia has come to a standstill. The Azov Sea, usually calm, has become a symbolic prize in Russia's war in Ukraine.

Chip firms play down Ukraine war supply fears

The tech industry is playing down fears of widespread raw materials shortages as a result of the war in Ukraine, after reports that chipmakers would face a severe crunch.

Portugal Colonial - Economy (English)