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UN maritime head urges halt to Hormuz transit to protect seafarers

The head of the International Maritime Organization said Wednesday the 6,000 seafarers still stranded in the Gulf must not be put in unnecessary danger by crossing the Strait of Hormuz amid fresh US-Iran attacks.

Air Canada taps new CEO to replace chief who couldn't speak French

Air Canada named a new CEO on Wednesday to replace Michael Rousseau, who announced his retirement following controversy over his failure to issue condolences both in English and French after a fatal airport disaster.

Last news

Stocks mostly rise as profits please and recession worries ease

World stock markets mainly rose Friday as companies reported better-than-expected earnings and investors hoped easing US inflation would mean an end to rate hikes is near.

UN rights council calls for AI transparency

The UN Human Rights Council on Friday called for transparency on the risks of artificial intelligence and for the data harvested by AI to be used responsibly.

Transgender cyclists barred from women's competition - UCI

Female transgender riders who transitioned after male puberty will be prohibited from women's events in all categories of cycling, the sport's governing body said on Friday.

Iraqis beat summer heat by swimming in shrinking Tigris river

With scorching temperatures and power cuts, Wissam Abed cools off from Baghdad's brutal summer by swimming in the Tigris river, but as Iraqi rivers dry up, so does the age-old pastime.

US banks caution on economy as Fed rate hikes boost earnings

Results of large US banks released Friday underscored the boon from higher interest rates, as executives described the world's biggest economy as "resilient" but facing risks.

Stock rally rolls on as profits please and recession worries ease

World stock markets mainly rose Friday as companies reported better-than-expected earnings and investors are hopeful easing US inflation means an end of rate hikes is near.

Markets mostly rise on hopes Fed near end of rate hike cycle

World stock markets mainly rose Friday as easing US inflation continued to spark hope of a pause to Federal Reserve rate hikes, while investors awaited key bank results on Wall Street.

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.

Burberry sales jump on China boost

British luxury fashion house Burberry on Friday logged a jump in quarterly sales on surging demand in China after the key market lifted Covid restrictions.

Russian transgender people 'in total despair' over new bill

"Nikolai", a 21-year-old transgender man, says he does not know how he can keep living in Russia after lawmakers moved to outlaw gender transitions.

'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.

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.

In Sao Paulo, boom of apartments the size of hotel rooms

Lara Maia types on her laptop perched on a small desk occupying a gap between the fridge and wardrobe in her micro-apartment in Sao Paulo, Latin America's most populated city.

Hollywood 'double strike': what it means

Hollywood's actors and writers will join forces on the picket line from Friday, after studios failed to reach a deal this week with the Screen Actors Guild (SAG-AFTRA).

Aspartame sweeteners 'possibly carcinogenic', says WHO

The WHO said Friday it was now classifying aspartame, an artificial sweetener commonly used in soft drinks, as "possibly carcinogenic to humans" -- though the acceptable daily intake level remains unchanged.

Strikes end at western Canada ports after deal reached

A strike which had shut down ports along Canada's west coast, including the country's largest in Vancouver, has ended after 13 days of nationwide economic repercussions, negotiators announced Thursday.

'I have to be able to pay my rent': Hollywood actor feels the squeeze

Dominic Burgess has been a member of Hollywood's Screen Actors Guild for well over a decade, guest starring in high-profile TV shows from "Modern Family" and "The Good Place" to "Star Trek: Picard."

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.

Delta lifts 2023 forecast as travel demand stays lofty

Delta reported record results in the second quarter on Thursday, raising its full-year forecast on continually robust travel demand as more international markets reopen.

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.

Stocks climb, dollar sinks as Fed seen ending rate hikes

World stock markets rallied Thursday and the euro hit a 16-month dollar peak, after easing US inflation stoked hopes the Federal Reserve's long-running campaign of interest rate hikes could be near an end.

First no-prescription birth control pill approved in US

US health authorities on Thursday approved the first over-the-counter birth control pill in the country, dramatically widening access to contraception for women in the United States where abortion rights are increasingly under assault.

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".

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.

UK public sector pay to increase but PM rules out more talks

UK Prime Minister Rishi Sunak on Thursday urged unions to call off strike action, warning the government will no longer negotiate on higher salaries.

AI-supercharged neurotech threatens mental privacy: UNESCO

The combination of "warp speed" advances in neurotechnology, such as brain implants or scans that can increasingly peek inside minds, and artificial intelligence poses a threat to mental privacy, UNESCO warned on Thursday.

UK economy falters as outlook darkens

The UK economy shrank in May on an extra public holiday for the coronation of King Charles III, official data showed Thursday, and as high inflation prolongs a cost-of-living crisis.

Hundreds arrested following Kenya protests: ministry

Kenya's interior ministry on Thursday said more than 300 people including a lawmaker had been arrested following violent anti-government protests that left seven people dead.

Stocks jump, dollar sinks as Fed seen ending rate hikes

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.

Markets surge on hopes Fed close to end of hiking cycle

Asian markets leaped Thursday on optimism the Federal Reserve's long-running campaign of interest rate hikes could be near an end after data showed US inflation rose less than expected last month.

Hot Tour Summer sees Taylor, Beyonce eye $1 bn mark

It's a pop queen's world and we're just living in it: Industry watchers are speculating over whether Tay or Bey could post the first billion-dollar tour, as 2023 witnesses an explosion of shows.

Volkswacht Bodensee - Economy (English)