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Asian markets rise on optimism ahead of US inflation data
Asian markets rose Thursday as traders grew confident ahead of data later in the day that is expected to show another softening of US inflation, giving the Federal Reserve room to slow its pace of interest rate hikes.
US aviation regulator probing system outage after huge disruption
Aviation authorities were racing Wednesday to figure out what caused the outage of a crucial alert system that forced the temporary halt on all US domestic takeoffs, triggering thousands of delays and cancellations.
Global stocks rise as market bets on better US inflation data
Global stock markets mostly rallied Wednesday as investors were buoyed by optimism over China's reopening and upcoming data expected to show a further slowdown in US inflation.
US flights grounded over system outage, snarling airports
Aviation authorities were forced to temporarily ground all domestic flights across the United States on Wednesday due to a crucial alert system outage, triggering thousands of delays and cancellations.
Pharma lobby blasts 'stupid' pandemic patent plans
Stripping patent protection from Covid-19 treatments is a "mind-bogglingly stupid" idea, the head of a leading pharmaceutical lobby said Wednesday, warning that the move would put industry innovation at risk.
Hellish day at US airports after air traffic outage
Thousands of flights were canceled or delayed in the United States Wednesday following an hours-long nationwide grounding of departures due to an outage of a key computer system used by pilots.
UK minister meets N.Ireland politicians in bid to end deadlock
UK Foreign Secretary James Cleverly on Wednesday met Northern Ireland politicians to try to break months of political deadlock over post-Brexit trading rules and end a boycott of the power-sharing assembly in Belfast.
Crisis-hit Egypt's currency halved in value since March
The Egyptian pound traded Wednesday at half its value from March after the central bank intervened for a third time as part of an International Monetary Fund loan agreement.
Five things to know about the Czech Republic
The Czech Republic, which holds the first round of its presidential election on Friday and Saturday, is an ex-communist country that has been a part of the European Union since 2004.
Ex-PM, NATO general, economist lead Czech presidential vote
Three candidates -- a billionaire ex-premier, a former NATO general and an economist -- lead the polls ahead of Friday's first round of Czech presidential election.
Flights gradually resuming in US after nationwide stoppage
US air authorities ordered an hours-long grounding of flight departures nationwide Wednesday following an outage affecting a key system used by pilots before takeoff.
Tycoon Arnault names daughter Delphine as Dior chief
French billionaire Bernard Arnault announced Wednesday that his daughter Delphine would head his LVMH luxury empire's Dior fashion house in a leadership shuffle also featuring a new CEO at flagship brand Louis Vuitton.
World stocks mostly rise on recovery hopes before inflation data
Global stock markets mostly rallied Wednesday as investors were buoyed by optimism over China's reopening and looming data expected to show a further slowdown in US inflation.
German watchdog raps Google over user data practices
Germany's antitrust regulator on Wednesday criticised the way Google handles users' data and threatened action against the US tech giant.
Uniqlo parent company to boost Japan wages up to 40%
Uniqlo's parent company said Wednesday it would raise the wages of thousands of its employees in Japan by up to 40 percent to help it become more competitive globally.
UK, Japan to sign major defence deal allowing troop deployments
The British and Japanese prime ministers will sign a "hugely significant" new defence deal allowing UK troops to deploy in Japan when the pair meet in London on Wednesday, Downing Street said.
Asian markets rise again on recovery hope as inflation data looms
Asian equities pushed higher Wednesday as investors were buoyed by China's reopening and optimism that key data due this week will signal a further slowdown in US inflation.
UK and Japan to sign major defence deal as PM Kishida visits London
UK Prime Minister Rishi Sunak and his Japanese counterpart Fumio Kishida will sign a "hugely significant" new defence agreement when the pair meet in London on Wednesday, Downing Street said.
UK minister to meet N.Ireland parties in bid to end deadlock
UK Foreign Secretary James Cleverly on Wednesday sits down with Northern Ireland's political leaders in Belfast to try to end a political deadlock caused by wrangling over post-Brexit trading rules.
Meta bans ads targeted at teens based on gender
Meta, owner of Instagram and Facebook, on Tuesday said it will stop allowing advertisers to target ads at teens based on gender, as it fights accusations that its platforms are harmful to young users.
Airbus books 820 net plane orders, highest since 2017
Airbus said Tuesday that it booked 820 net plane orders last year, a sharp jump from the previous year and its highest level of sales since 2017.
Canadian mining giant says nearing deal on huge Panama pit
The Canadian mining giant First Quantum Minerals said Tuesday it is close to an agreement with Panama to avert the closure of Central America's largest copper mine.
UN decries 'intolerable' loss of 5 million children in 2021
An estimated five million children under the age of five died in 2021, the United Nations said Tuesday, urging health care investment in underserved communities around the globe to avoid this "immense, intolerable and mostly preventable loss of life."
Strikes called as Macron presses ahead with French pension reform
French trade unions called for strikes and protests Tuesday after President Emmanuel Macron's government announced plans to raise the retirement age, setting the stage for a bitter fight and weeks of disruption.
EU tells TikTok chief to respect data privacy laws
The European Union warned online giant TikTok on Tuesday to respect EU law and ensure the safety of European users' data, as the video-sharing app's CEO met with top officials in Brussels.
Fed official sees chance to lower inflation without major downturn
US unemployment has stayed low despite rising interest rates and easing inflation, representing a "hopeful sign" that consumer prices can come down without a significant downturn, a Federal Reserve official said Tuesday.
Suspected Russian accounts 'attack' Banksy Ukraine sale
Thousands of "hostile" web attacks launched from Russian IP addresses have targeted an online auction of prints by British graffiti artist Banksy in aid of Ukraine, the charity Legacy of War Foundation said Tuesday.
Key points from Prince Harry's memoir
Prince Harry's memoir "Spare" officially went on sale on Tuesday. Here are some notable details:
Stocks hesitant as traders eye US inflation, rates
Stock markets wavered on Tuesday as investors took a cautious stance after US officials indicated they were prepared to keep interest rates high to curb soaring inflation.
NATO, EU vow more support for Ukraine to defend itself
NATO and the EU vowed Tuesday to bolster their backing for Ukraine to fight off Russia's invasion and ramp up cooperation between Europe and the US-led alliance.
NGO chief Egeland presses Taliban to reverse ban on Afghan women staff
The head of a leading NGO has flown to Afghanistan to urge the Taliban to reverse their ban on Afghan women aid workers, warning that "lives will be lost" if they fail to do so.
Asian markets drift as rate fears deal blow to China-fuelled rally
Asian markets were mixed Tuesday as growing optimism over China's economic reopening was offset by warnings that US interest rates will continue to rise and stay elevated for some time.