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Stocks fall, oil prices rise as global bonds back under pressure

Stock markets mostly fell and oil prices climbed on Thursday as inflation fears, driven by a lack of progress in ending the Middle East war, drove a further sell-off in global bonds.

Average EU diesel price hits record 2.23 euros a litre: AFP analysis

Diesel prices at pumps across the European Union have hit a new high of 2.23 euros per litre, up from 2.16 euros the previous week, an AFP analysis of European Commission data published Thursday showed.

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Markets wait on Trump-Xi summit, Seoul hits record

Oil inched higher and Asian markets traded in a narrow range Friday as investors awaited tangible results from US President Donald Trump's talks in Beijing, while an AI stock boom boosted Seoul to a new record.

Egypt farmers hit by Iran war price surge

Egyptian smallholders have seen their lives upended by the war in Iran, with soaring fertiliser and energy prices forcing many to lay off workers and reduce the amount of land they farm.

LVMH sells Marc Jacobs to WHP Global, which will form partnership with G-III

French luxury giant LVMH will sell its Marc Jacobs brand to US brand firm WHP Global, the two companies said Thursday.

CIA director visits Cuba as island runs out of oil

CIA Director John Ratcliffe met with Cuban officials in Havana on Thursday, the communist government said, as the island endures record energy shortages.

US tariffs, cyberattack drive Jaguar Land Rover into loss

US import tariffs and a debilitating cyberattack pushed Jaguar Land Rover into an annual loss, figures published Thursday showed, although the luxury British automaker's performance improved in the last quarter.

IMF sees risks to global growth forecast over sustained Iran war

The International Monetary Fund warned on Thursday that continuing disruptions due to the Iran war meant its global economic outlook was moving towards an "adverse" scenario, with growth pared down and greater risks to inflation.

China's Weichai wins battle for Ferretti yacht maker

Chinese group Weichai on Thursday took control of the world's top yacht maker, Ferretti, after a takeover battle with a Czech shareholder that had appealed to the Italian government.

Honda suspends plans for new electric vehicle plant in Canada

Japanese auto giant Honda said Thursday its plans to build a multi-billion-dollar electric vehicle plant in Canada have been "indefinitely suspended," marking another blow to the country's tariff-hit auto sector.

Sniffer dogs police Cannes' cocaine-fuelled party scene

The mayor of Cannes has ordered a drugs crackdown as Hollywood stars and film industry executives flock to party and do deals in the French Riviera resort.

Tech stocks rally rolls on as US-China talks underway

European and US stock markets climbed Thursday as a tech-fuelled rally rolled on even as the United States and China were locked in talks in Beijing, accompanied by key US business leaders hoping for deals.

Stocks diverge tracking tech, US-China talks

European and Asian stock markets diverged on Thursday as investors weighed high-stakes talks between the United States and China and optimism over artificial intelligence.

Stars flying into Cannes in private jets 'obscene', say ex-pilots

Climate activists are urging movie stars to fly economy or take the train to Cannes after saying private jets burned two millions of litres of kerosene getting them to the film festival last year.

UK economy resilient as Mideast war, political risks loom

Britain's economy expanded in the first quarter, official data showed Thursday, offering a boost to embattled Prime Minister Keir Starmer as the Mideast crisis and political turmoil cloud the outlook.

Asia stocks uneven as investors assess high-stakes Trump-Xi talks, AI rally

Asian markets were mixed Thursday as investors weighed high-stakes US-China talks and persistent inflation concerns, which tempered optimism fuelled by record highs on Wall Street.

Burberry returns to full-year profit on turnaround plan

British fashion label Burberry said Thursday that it returned to profit in its latest fiscal year thanks to a sizeable cost-cutting plan launched at the end of 2024.

Denmark, Australia in the spotlight in Eurovision second semi

The last 10 places in the Eurovision final are up for grabs in Thursday's second semi, with Denmark and Australia hotly tipped to make it through once the votes are counted.

Xi warns Trump on Taiwan at Beijing summit

Chinese President Xi Jinping warned his US counterpart Donald Trump that missteps on Taiwan could push their two countries into "conflict", a stark opening salvo as they met in Beijing on Thursday at a superpower summit.

Bone appetit: Paris pups lap up treats at dog-centric spots

An elegant, white-haired Parisian savours a biscuity cloud of cream and apple down to the last crumb at one of the French capital's many bakeries -- but this client has four legs, not two.

India bars sugar exports until September

India, one of the world's largest sugar producers, has banned exports of the key commodity until the end of September to ensure enough domestic supplies and prevent prices from rising.

EV overhaul drags Honda to first operating loss since 1957

Honda announced Thursday its first operational loss since 1957 after a major overhaul of its electric vehicle strategy in the United States.

Honda posts operating loss, first since 1957

Honda announced Thursday its first operational loss since 1957 after a major overhaul of its electric vehicle strategy in the United States.

Asia markets mixed as Trump-Xi summit, AI trade dominate

Asian markets were mixed Thursday as investors weighed a high-stakes US-China summit and persistent inflation concerns, which tempered optimism fuelled by record highs on Wall Street.

Indian pharma fuels Africa's 'zombie drug' and opioid crisis

They come in blister packs of 10 like any normal painkiller and you can buy them easily in roadside kiosks and street pharmacies across west Africa.

In Washington, the fight to preserve Black cemeteries

Georgetown, one of present-day Washington's most expensive neighborhoods, used to be a hub of Black life in the US capital.

S&P 500, Nasdaq end at records as oil prices retreat

Major Wall Street stock indices shrugged off a surprisingly big jump in US inflation Wednesday and pushed to fresh records on artificial intelligence bullishness and hopes for ths US-China summit.

Warsh confirmed as Fed chair as central bank faces Trump assault

The US Senate on Wednesday confirmed Kevin Warsh as the new Federal Reserve chairman to lead a central bank whose independence is under attack and with inflation at a three-year high.

From Black Death to Covid, ships have long hosted outbreaks

A deadly outbreak on a cruise liner is just the latest in a long history of infectious diseases spreading rapidly in the cramped confines of ships, from the Black Death to Covid.

Stocks rise ahead of US-China summit

Stock markets drifted higher Wednesday as investors awaited a high-stakes summit between the United States and China, while oil prices diverged as Middle East peace talks stalled.

US wholesale prices jump 6.0% year-on-year in April, highest since 2022

Wholesale prices in the United States rose sharply in April, lifted by a surge in energy costs related to the Iran war, registering their highest 12-month increase in more than three years.

Stocks waver, oil steady ahead of US-China summit as Iran talks stall

Stock markets were mixed Wednesday and oil prices steadied but remained above $100 a barrel as investors awaited a high-stakes summit between the United States and China, and Middle East peace talks stalled.

War in Middle East: latest developments

Here are the latest developments in the Middle East war:

Real Madrid win legal battle over Bernabeu concert noise

Real Madrid said Wednesday they have won a legal battle in their dispute with a residents association complaining about "noise pollution" generated by concerts held at their Santiago Bernabeu stadium.

Volkswacht Bodensee - Economy (English)