Markets Struggle As Rally Fades, China Growth Misses Forecasts
Asian markets struggled Monday to build on last week's rally, with new data showing China's economy grew less than expected in the second quarter as its post-Covid recovery runs out of steam.
Ericsson And Nokia Feel Squeeze Of Interest Rates Hikes
Interest rate hikes are forcing mobile operators to scale back investment in 5G networks, with equipment manufacturer Ericsson reporting Friday a rare net quarterly loss and Nokia lowering its outlook.
Hundreds Arrested Following Kenya Protests
Kenya's interior ministry on Thursday said more than 300 people including a lawmaker had been arrested following violent anti-government protests that left nine dead.
ExxonMobil To Buy Denbury For $4.9 Bn To Expand Low-carbon Business
ExxonMobil will acquire Denbury Inc., a specialist in enhanced oil recovery and carbon sequestration, for $4.9 billion as it builds out its low-carbon business, the oil giant announced Thursday.
Karabakh Separatists Urge Russia To Open Corridor To Armenia
A separatist official in Armenian-populated Nagorno-Karabakh in Azerbaijan on Thursday called on Russia to ensure free movement on the only road linking the breakaway region to Armenia, warning of dire humanitarian consequences.
Putin Has 'Already Lost' Ukraine War, Biden Says
US President Joe Biden said Thursday that Russia's Vladimir Putin has already lost the war in Ukraine, expressing hope that Kyiv's counter-offensive would force Moscow to the negotiating table.
Sudan War Summit Urges Calm, UN Reports Mass Grave In Darfur
A summit of African leaders from war-torn Sudan's neighbours Thursday urged an end to the fighting, as UN experts reported a mass grave had been discovered in the country's Darfur region.
Iran's Raisi Visits Fellow Outlier Zimbabwe Ahead Of Key Vote
Zimbabwe's President Emmerson Mnangagwa on Thursday urged nations targeted by Western sanctions to band together as he hosted the leader of fellow international outlier Iran.
Modi Honoured For France's Bastille Day In Shadow Of Riots
Indian Prime Minister Narendra Modi will be guest of honour for France's Bastille Day celebrations on Friday, which are set to take place under tight security two weeks after riots swept the country.
US Arrests Former Head Of Bankrupt Crypto Platform Celsius
US prosecutors arrested the former head of Celsius Network on fraud charges on Thursday, a year after the cryptocurrency platform filed for bankruptcy protection while owing investors $4.7 billion.
'We Were Duped' By Studios, Says Hollywood Actor Union President
Hollywood actors were "duped" into extending negotiations for two weeks by studios who wanted more time to promote their summer blockbuster movies, union president Fran Drescher told AFP on Thursday.
Markets Extend Rally On Hopes Fed Near End Of Rate Hike Cycle
Asian traders on Friday welcomed more data showing falling US inflation, giving the Federal Reserve room to bring the curtain down on more than a year of interest rate hikes.
Wang Tells Blinken To 'Work With China' On Improving US Ties
Beijing's top diplomat Wang Yi has urged Washington to "work with China" to improve ties during a meeting with US Secretary of State Antony Blinken, the Chinese foreign ministry said on Friday.
'Like Hell': India's Burning Coalfields
Deadly fires have raged for a century in mines in India's Jharkhand state, where Savitri Mahto is one of 100,000 people risking their lives shovelling coal to supply insatiable demand.
Singapore Issues Arrest Notice For Billionaire In Rare Graft Probe
Singapore's powerful anti-graft body issued an arrest notice for one of the city-state's richest people, his company said Friday, widening a probe into rare high-level corruption.
France Expands Trade Ties With UAE, Qatar: Minister
Trade ties between France and Gulf Arab states, namely Qatar and the UAE, are expanding year-on-year, France's trade minister told AFP on Thursday, praising the deepening partnership as "good news".
International Criminal Court Opens New Probe Into Sudan Violence
The International Criminal Court has opened a new probe into alleged war crimes in Sudan, its chief prosecutor said Thursday, expressing major concern over escalating violence.
Syria Opens Key Aid Corridor To Rebel-held Areas
Syria will let humanitarian aid flow through its main border crossing into rebel-held areas, reopening a conduit that had closed after a Security Council stalemate, the country's UN ambassador said Thursday.
Climate Summit Needs Private Sector To Succeed: COP28 President
Sultan Al Jaber, Emirates oil executive and president of the most important climate summit since the Paris Agreement in 2015, has a quick answer when asked when the world will stop burning fossil fuels: when there's enough clean energy to replace them. "We cannot shut down the energy system of today before we build the new energy system of tomorrow that is equipped with zero-carbon emission sources," said Jaber, head of the United Arab Emirates national oil company ADNOC.
IEA Trims Demand Forecast As Interest Rates Weigh On Growth
The IEA trimmed its forecast for 2023 oil demand for the first time this year as macroeconomic headwinds including higher interest rates bite, but still sees it reaching a record level thanks to China's thirst for fuel.
'We Cannot Work' - Why Gulf Summer Feels Even Hotter Than Usual
As much of the world swelters in record temperatures, spare a thought for Issam Genedi, who ekes out a living washing cars in one of the planet's hottest regions, the Gulf.
Iraq's Marshes Are Dying, And A Civilisation With Them
Mohammed Hamid Nour is only 23, but he is already nostalgic for how Iraq's Mesopotamian marshes once were before drought dried them up, decimating his herd of water buffaloes.
Top US, Chinese Diplomats To Meet At ASEAN Talks
The top US and Chinese diplomats will hold their second meeting in as many months on Thursday in Jakarta, seeking to manage tensions that risk flaring anew over alleged Chinese hacking.
China Exports Plunge In June, Deepening Economic Woes
Chinese exports tumbled more than expected in June, official data showed Thursday, putting fresh pressure on Beijing to unveil more stimulus measures to kickstart the flagging recovery.
Military Ties To Take Centre Stage As Modi Visits France
Indian Prime Minister Narendra Modi begins a two-day visit to France on Thursday where he will attend the traditional Bastille Day military parade as guest of honour and discuss major new defence deals.
North Korea Says Conducted New Test Of Solid-fuel ICBM
North Korean leader Kim Jong Un personally oversaw the successful test of the country's newest intercontinental ballistic missile, state media reported Thursday, days after Pyongyang threatened to down any US spy planes that enter its airspace.
Musk Launches XAI To Rival OpenAI, Google
Elon Musk on Wednesday launched his own artificial intelligence company, xAI, as he seeks to compete with OpenAI, the creator of ChatGPT -- a program he accuses of being politically biased and irresponsible.
Red Crescent Rescues Hundreds Of Migrants From Tunisia Desert
More than 600 migrants forced out of Tunisia's port of Sfax to the desert borderlands with Libya are being sheltered and given humanitarian aid, the Red Crescent said on Wednesday.
Biden Had To Be An Erdogan Whisperer. But Then Came Zelensky
Joe Biden already had his work cut out to prevent Turkey from spoiling the NATO summit.
UN Rights Council Condemns Koran Burnings Despite Splits
The UN Human Rights Council voted Wednesday to condemn recent Koran burning incidents, but many countries declined to back the resolution, fearing it encroached on free speech.