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US economic activity has slowed in recent weeks and the labor market has continued to cool, the Federal Reserve announced Wednesday, as it continues its fight against stubborn inflation.
Europe's main stock markets mostly rose Wednesday while Wall Street held onto gains as traders ramped up bets on the US Federal Reserve cutting interest rates in the new year.
General Motors announced hefty new initiatives Wednesday to return billions of dollars to shareholders, lifting its stock price as it estimated the recent labor strike hit at $1.1 billion.
Saudi Arabia's sovereign wealth fund is to buy ten percent of London's Heathrow airport from Spanish infrastructure giant Ferrovial, whose departure from the hub after almost two decades leaves Qatar as its biggest shareholder.
Swedish furniture giant Ikea saw a five-fold increase in net profit for its full-year 2023 which ended in August, boosted by rising sales, Ingka Group which owns most Ikea franchises said Wednesday.
Rene Benko's real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, marking the spectacular downfall of the self-made Austrian tycoon.
Europe's main stock markets mostly climbed Wednesday as traders ramped up bets on the US Federal Reserve cutting interest rates in the new year after a top official sounded an optimistic note on the battle against inflation.
Austrian real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, filing for court protection as it undergoes restructuring.
Uber is to roll out its service to London black cabs next year, it announced Wednesday, despite long-running friction between drivers of the traditional taxis and the US-based firm.
Shares in Dutch medical device manufacturer Philips plunged Wednesday after the US Food and Drug Administration warned that its new machine to help patients sleep risked overheating.
Global revenues from women's sport will top $1 billion for the first time in 2024 thanks to an explosion in popularity, according to financial experts Deloitte.
Spanish infrastructure giant Ferrovial announced it is offloading its remaining 25 percent stake in London's Heathrow Airport to a French private equity group and Saudi Arabia's sovereign wealth fund.
The dollar extended losses Wednesday as traders ramped up bets on the Federal Reserve cutting interest rates in the new year after officials sounded optimistic notes on the battle against inflation.
Charlie Munger, the longtime friend and business partner of famed US investor Warren Buffett, died on Tuesday at the age of 99, his employer has confirmed.
The Dutch version of a new book about the British Royal Family has been withdrawn amid reports it accidentally revealed which royal commented about the skin colour of Harry and Meghan's baby.
The Saudi capital Riyadh on Tuesday won the right to host the 2030 World Expo, defeating rival bids from Italy and South Korea as well as overcoming objections from rights activists to take hold of another global mega-event.
Winding gear at a giant South African platinum mine failed sending an elevator into a precipitous fall that killed 11 workers and injured 75, the operators said Tuesday.
The United States may be riven by division, but most Americans of all political persuasions can agree on Dolly Parton -- including the 77-year-old's latest album that's topping charts across the genres.
British no-frills airline EasyJet on Tuesday announced its first annual profit since the outbreak of the Covid pandemic but warned that the Israel-Hamas war will impact its winter results.
German Chancellor Olaf Scholz will address parliament Tuesday about an escalating budget crisis triggered by a bombshell court ruling that his government breached constitutional debt limits.
The widow of a French serial killer known as the "ogre of the Ardennes" goes on trial from Tuesday over her role in three murders dating back several decades, including the killing of a British woman whose body was found in a river in 1990.
The fashion industry's enormous waste problem is pushing governments, particularly in Europe, towards ambitious recycling targets.
Indian rescue teams digging by hand are now within five metres of 41 men who have been trapped in a collapsed road tunnel for over two weeks, officials said Tuesday, saying a breakthrough was expected "soon."
Asian markets were mixed Tuesday following a tepid performance on Wall Street, with profit-taking tempering hopes for Federal Reserve interest rate cuts next year and traders awaiting key US inflation data due later this week.
North Korea's ambassador made a rare appearance at the UN Security Council on Monday to defend his country's launch of a spy satellite, as leader Kim Jong Un studied images including of the White House and Pentagon.
Global stocks drifted lower Monday, with investors pointing to equity buying fatigue, while oil prices declined ahead of a closely watched meeting of crude exporters.
Injured by Israeli bombardment of the Gaza Strip, ten-year-old Mira can no longer speak or walk, a condition her sister hopes will improve with advanced treatment in a UAE hospital.
German car giant Volkswagen on Monday said that it was considering staff reductions, possibly in the form of early retirement, to help it meet vital cost-cutting targets imposed in its sputtering transition to electromobility.
Some 40 artisans from Gucci's design studio downed tools Monday in the creatives' first ever strike, held over plans to move much of the team from Rome to Milan.
New home sales in the United States decelerated in October, according to government data released Monday, although the market for new properties remains boosted by a lack of inventory for existing ones.
Six teenagers went on trial in Paris on Monday for their role in the 2020 beheading of teacher Samuel Paty, the first of two trials in a case that horrified France.
Stock markets were mostly in wait-and-see mode on Monday as investors eyed the release this week of key US inflation data that could guide Federal Reserve plans for interest rates going into the new year.
Paris Mayor Anne Hidalgo said on Monday she was quitting Elon Musk's social media platform X, formerly known as Twitter, which she described as a "global sewer" and a tool to disrupt democracy.
Six teenagers went on trial in Paris on Monday for their role in the 2020 beheading of teacher Samuel Paty, the first of two trials in a case that horrified France.
Rising sea temperatures due to climate change are forcing oyster farmers in France's southwest to take a break from summer maturation, traditionally a key step in the production of the tasty molluscs.
Major Asian and European stock markets mostly dropped Monday as investors awaited the release this week of key US inflation data that could provide a guide for the Federal Reserve's plans for interest rates going into the new year.
Brussels on Monday gave the final green light for an EU-New Zealand trade deal that, while mutually lowering barriers for both markets, highlights the recent failure of EU-Australia negotiations.
Six teenagers went on trial in Paris on Monday for their role in the 2020 beheading of teacher Samuel Paty, the first of two trials in a case that horrified France.
Markets dipped in Asia and Europe on Monday as investors look ahead to the release this week of key US inflation data that could provide a guide for the Federal Reserve's plans for interest rates going into the new year.