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Markets mixed as traders enter 'defensive mode' with eyes on Fed
Markets were mixed on Wednesday as traders tried to assess the Federal Reserve's next moves in the fight against inflation, with some appearing to adopt a "defensive" approach.
UK inflation eases but holds above 10%: data
UK inflation slowed slightly last month but held stubbornly above 10 percent, official data showed Wednesday, further fuelling a cost-of-living crisis despite an aggressive series of interest-rate hikes.
Soaring inflation dampens Eid holiday spirit in crisis-hit Pakistan
The holiday that marks the end of the Muslim fasting month of Ramadan used to be a guaranteed earner for Pakistan's small shops and businesses -- a big-spending week that could match the take from the rest of the year.
Asian markets down after lacklustre session on Wall Street
Asian markets opened mostly down on Wednesday following a tepid lead from Wall Street, with traders trying to assess the Federal Reserve's next moves in the fight against inflation.
AI-generated song imitating Drake yanked from streaming services
A new song created using AI software to imitate Canadian singers Drake and The Weeknd has been removed from streaming services after quickly racking up millions of listens and sparking debate over the new technology.
United Airlines reports Q1 loss but bullish on summer
United Airlines reported a quarterly loss on Tuesday but offered a bullish summer outlook in light of travel demand that it said still shows no sign of ebbing.
Goldman earnings take shine off US stocks
Strong Chinese economic growth boosted markets in Asia and Europe on Tuesday, but Wall Street stocks sagged on disappointing bank earnings.
Southwest Airlines temporarily halts US departures on tech issue
Southwest Airlines temporarily grounded all US flights Tuesday due to a technology problem, delaying more than 1,700 departures and hitting its share price.
UN says 34 million Afghans in poverty under Taliban rule
The number of Afghans in poverty nearly doubled to 34 million as the nation was racked by the collapse of the US-backed government and the Taliban takeover, the United Nations said Tuesday.
EU strikes deal to boost chip production
The European Parliament and EU member states reached an agreement Tuesday on how to boost the supply of semiconductors in Europe, as the bloc races to reduce its dependence on Asian suppliers.
HSBC's largest shareholder outlines bank break-up strategy
HSBC's largest shareholder ramped up pressure on the bank to break up its business on Tuesday, saying it was underperforming and has failed to "address key business model challenges".
UK overhauls energy regulation after meter scandal
Britain cracked down Tuesday on energy suppliers' forced installation of prepaid meters following outrage as some of their most vulnerable customers faced higher bills during a cost-of-living crisis.
Goldman Sachs results hit by slowdown in corporate mergers
A slowdown in corporate transactions and weak trading results weighed on Goldman Sachs' first-quarter results on Tuesday, sending shares lower.
Electric vehicles are key battleground at Shanghai Auto Show
China was the road to the future for foreign brands at the Shanghai Auto Show on Tuesday who are racing to catch up with Chinese competitors in the crucial electric vehicle market.
Erdogan's chief rival defends Kurds ahead of vote
President Recep Tayyip Erdogan's chief rival in next month's election defended Kurdish rights on Tuesday and accused the Turkish leader of inflating ethnic tensions for political gain.
China's economy rebounds after zero-Covid scrapped
China's economy grew much better than expected in the first three months of the year as the country reopened after the end of zero-Covid measures, official data showed Tuesday.
Apple opens first India store in market push
Apple opened its first retail store in India on Tuesday, underscoring the US tech titan's increasing focus on the South Asian nation as a key sales market and alternative manufacturing hub to China.
Can music festivals actually go green?
Coachella brings adrenaline-fueled sets to hundreds of thousands of festival-goers who gather in the California desert -- and it also leaves behind a lot of trash.
Musk says he is out to create 'truth-seeking' AI
Elon Musk is out to counter Microsoft and Google artificial intelligence efforts with "truth-seeking AI" that shuns political correctness, he said during an interview aired late Monday.
China GDP jumps 4.5% in Q1 after zero-Covid scrapped
China's economy grew 4.5 percent year-on-year in the first quarter, rebounding after the end of zero-Covid measures late last year, official data showed Tuesday.
Canada public broadcaster CBC quits Twitter over 'government-funded' label
Canada's public broadcaster CBC and its French-language version Radio-Canada said Monday they were effectively quitting Twitter over a new "government-funded" label it says questions its editorial independence.
Macron defends pension reform, 'regrets' no consensus
President Emmanuel Macron on Monday staunchly defended his widely unpopular pension reform but said he regretted that no consensus had been found on the change.
Conexion Divina, the Gen Z band contemporizing 'regional Mexican'
As is the norm for people their age, the members of Generation Z's first all-female sierreno group met online, sliding into each other's DMs in the hopes of making music.
Rate-hike fears keep stocks rangebound
European and US stocks moved little Monday as investors awaited more company earnings and worried that central banks may keep raising interest rates for longer than expected.
Hope special glasses can slow surging myopia in children
Two years ago, Paul's teacher noticed that the 10-year-old boy could no longer see anything on the board at the front of the class.
Top Republican says US House won't raise debt limit without spending cuts
Republican leader Kevin McCarthy vowed Monday that the US House would not approve a "no-strings attached" debt limit increase, adopting a hard line ahead of budget negotiations with President Joe Biden.
French court acquits Air France, Airbus over 2009 Rio-Paris crash
Air France and plane manufacturer Airbus were acquitted Monday over the 2009 crash of a Rio-Paris flight after a French court ruled their errors could not be proven as the disaster's cause.
Stocks mixed, dollar firms as rate-hike fears resurface
Stock markets traded mixed Monday as last week's optimism gave way to renewed worries that central banks may have to wait longer than expected to end their policy of raising interest rates.
The major players in gaming industry
Video game companies are fighting it out for a slice of an industry worth an estimated $300 billion, with a series of acquisitions leaving four giants and a clutch of feisty independents.
Sega to buy Angry Birds maker Rovio
Japanese gaming group Sega has offered to buy the creator of the popular Angry Birds franchise, Finland's Rovio, in a deal worth more than 700 million euros ($770 million), the companies said Monday.
Macron to address France after 'Pyrrhic' pensions victory
President Emmanuel Macron is on Monday to address France for the first time since signing into law his controversial pension reform, facing warnings the political and social crisis sparked by the changes is not over.
French court to deliver verdict in trial over 2009 Rio-Paris crash
A Paris court will on Monday hand down its verdict in the trial of Air France and plane manufacturer Airbus over the 2009 crash of a Rio-Paris flight, with families of the victims hoping judges will ignore the recommendation of prosecutors not to seek a conviction.