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Walmart reports solid Q4 profits on strong US consumer
Walmart reported better-than-expected quarterly profits Thursday as strong consumer demand during the festive season offset the hit from higher costs.
Air France-KLM slashes losses by half in 2021
French-Dutch aviation giant Air France-KLM on Thursday said its net loss narrowed by more than half last year but would need more capital strengthening measures due to the pandemic.
G20 warned of Ukraine threat to global recovery
The crisis in Ukraine is a serious threat to the global economy's post-pandemic recovery, Indonesia's leader on Thursday warned a meeting of finance chiefs from the G20 nations.
Mozambique's ex-president Guebuza to testify in debt scandal
Ex-president Armando Guebuza was on Thursday expected to testify in Mozambique's biggest corruption scandal, an affair concerning secret loans contracted under his tenure that triggered an economic crisis.
'No basis': Beijing dismisses US's WTO criticism
Beijing on Thursday dismissed the United States' assessment of China's World Trade Organization membership, saying its criticism had "no basis in international economic and trade rules".
Asian markets dip as traders eye Ukraine, Fed eases rate fears
Asian markets mostly dipped Thursday as investors assess the situation in Ukraine after the West said Russia had not started withdrawing troops from its border, while minutes from the Federal Reserve's January meeting eased concerns it was set to hike rates sharply.
Airbus posts record profit, eyes more deliveries in 2022
European aircraft giant Airbus posted record profits in 2021 after two years of losses as it cruises past the pandemic-induced crisis in the travel industry, company results showed Thursday.
G20 finance leaders' meeting begins with Ukraine warning
Finance ministers and central bank governors of G20 nations began a two-day meeting Thursday with Indonesia's leader warning the Ukraine crisis was a threat to the post-pandemic recovery.
Kuwait army allows women in combat roles, but without guns
Kuwaiti women are angry after the military, having allowed female soldiers in combat roles, decided they need the permission of a male guardian and banned them from carrying weapons.
Search ends for survivors of sunken Spanish fishing trawler
Rescue teams off eastern Canada ended a search Wednesday for survivors from a sunken Spanish fishing trawler with only three of the boat's 24-person crew pulled out alive.
New Zealand Rugby seals deal with US private equity firm
New Zealand Rugby said Thursday it had secured a lucrative investment from US private equity firm Silver Lake after overcoming opposition to the deal from the players' union.
Fed officials see accelerated US rate hikes
Faced with stubbornly high inflation, US central bankers are considering an accelerated schedule for raising the benchmark borrowing rate, according to minutes of their latest meeting released Wednesday.
Union vote at New York Amazon facility set for late March
Backers of a unionization drive at an Amazon warehouse in New York announced Wednesday they had reached agreement with the e-commerce giant for a union election in late March.
Spain mourns trawler victims as rescue hopes fade
Spain was in mourning Wednesday after its worst fishing tragedy in decades, as rescue teams off Canada warned it was unlikely they would find any of the missing 11 crew members alive.
Ukraine defies invasion threat, as NATO sees no Russian pullback
Ukraine's leader vowed Wednesday that his country would stand tall against any invasion, as NATO warned it could see no sign that Russia is withdrawing its forces.
Stock markets dip as Ukraine worries return
European and US stock markets drifted lower while oil prices rose on Wednesday as investors tracked developments surrounding the Ukraine crisis and awaited fresh clues about the US Federal Reserve's interest rate plans.
Ukraine stages drills as NATO and US see no Russia pullback
Ukraine staged military drills and defiant displays of flag-waving patriotism on Wednesday as Western powers warned Russia is continuing to mass forces for a possible invasion.
US retailers begin 2022 with a big jump in sales
US retailers more than regained ground lost in an unexpected December slump, with a surprise boom in January sales, according to government data released Wednesday.
European stocks steady after Ukraine-induced volatility
European stock markets steadied Wednesday after a volatile start to the trading week, as investors tracked developments surrounding the Ukraine crisis.
Berlinale film fest to award top prizes under Covid shadow
The 72nd Berlinale film festival awards its top prizes on Wednesday including its Golden Bear for best picture and a gender-neutral acting gong after a reduced in-person run under the pandemic.
Poland, Hungary risk funding slashes after EU rule-of-law decision
The EU's top court on Wednesday rejected a challenge by Poland and Hungary to a mechanism allowing Brussels to slash funding to member states that flout democratic standards.
Nigeria begins 24-hour supply to end fuel shortage
Nigeria's state-run oil company said it had started a 24-hour distribution of petrol to service stations to end a week-long scarcity that has caused traffic snarls in major cities.
Metronomy see a 'Small World' emerge from pandemic
As the title of his new album suggests, Metronomy's Joe Mount found an unexpected sense of connection to the rest of the planet in the midst of the pandemic.
UK annual inflation hits fresh 30-year high
UK annual inflation has hit the highest level since 1992, data showed Wednesday, adding pressure to the cost of living and on the Bank of England to keep raising rates.
China govt to help run coal power plants at full capacity
China will help its coal-fired power plants run at full capacity, the government has announced, raising further alarm about the fate of Beijing's climate pledges.
Pirozzi's journey from wedding singer to opera star
Anna Pirozzi was more into Mariah Carey and Whitney Houston growing up -- it never even crossed her mind that she might one day be singing in the world's most illustrious opera halls.
Facebook co-workers now 'Metamates' as image evolves
Meta chief Mark Zuckerberg laid out revamped company values Tuesday, urging workers to be "Metamates" who treat one another with respect and look to the future.
Markets rise, oil holds losses on Russia-Ukraine hopes
Asian markets rebounded and oil held steep losses Wednesday on hopes that Russia will not invade Ukraine after Moscow said some of its troops on the countries' border had started pulling back.
China inflation slows as govt vows to keep prices under control
Inflation in China slowed in January, official data showed Wednesday, as the government pledged to keep prices in check in the world's second-biggest economy.
EU court to deliver key rule-of-law judgement
The EU's highest court will rule Wednesday on whether European Union funds can be slashed for member states flouting democratic standards, a case with major implications for Poland and Hungary.
Ukraine marks 'Day of Unity' as US warns Russian may yet attack
A defiant Ukrainian leader urged citizens to celebrate a "Day of Unity" on Wednesday, as Washington warned once again that Russia remains poised to launch a devastating assault.
As costs jump, Sao Paulo Uber drivers set to launch rival app
The Uber driver's phone bleeps out the signal to pick up a passenger, but he checks the distance and declines: with fuel prices soaring in Brazil, "I've become a mathematician at the wheel," he says.
Biden sees chance for Ukraine diplomacy, keeps pressure on Moscow
US President Joe Biden vowed Tuesday to push for a diplomatic resolution of the Ukraine crisis, but warned that a Russian invasion remained "very much a possibility" and that retaliatory sanctions were primed and ready.
Stocks jump, oil slides on easing Ukraine fears
US and European stock markets rebounded and oil prices tumbled Tuesday on easing fears of an imminent Russian invasion of Ukraine.
Biden says diplomacy can work but warns Russia against attacking Ukraine
US President Joe Biden said Tuesday that there was still time to resolve the Ukraine crisis through diplomacy but warned that sanctions are "ready to go" if Russian troops attack the country.
US Republicans block vote on Biden's Fed candidates
Republicans in the US Senate on Tuesday boycotted a vote to confirm President Joe Biden's nominees to lead the Federal Reserve, creating a potential roadblock for the central bank as it looks to fight runaway inflation.
Israel PM hails 'new model' of relations on landmark Bahrain visit
Israeli Prime Minister Naftali Bennett said Tuesday his landmark visit to Bahrain offered a "new model" of Israeli-Arab relations, part of a goal of creating a regional "ring of alliances".
Faroe Islands begin review of controversial dolphin hunt
The Faroe Islands, a Danish autonomous territory, said Tuesday it had begun discussions about the future of its controversial dolphin hunt, with a decision expected in the coming weeks.
Pentagon fights defense industry consolidation
The big-spending Pentagon opened a campaign Tuesday against the consolidation of defense contractors, saying competition has dwindled as arms suppliers merge and supersize.