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Peru hits Spanish energy giant Repsol with new oil spill fines
Peru's environment authorities on Wednesday announced fines worth close to $6 million against Spanish energy giant Repsol over an oil spill that polluted beaches and cost thousands their livelihoods.
Fed officials do not expect US interest rate cuts this year
US central bankers do not expect it will be "appropriate" to start cutting interest rates this year with inflation remaining high, according to minutes of the latest Federal Reserve policy meeting released Wednesday.
Why monitor wastewater of flights arriving from China for Covid?
Several countries have said they will monitor the wastewater from flights arriving in China in response to an explosion of Covid-19 cases across the nation.
GM beats Toyota in US auto sales on strong demand
General Motors overtook Japanese carmaker Toyota in US automobile sales last year, according to company figures released Wednesday, reclaiming the top spot on strong demand after earlier supply difficulties.
US manufacturing sector weakens on easing demand: survey
US manufacturing activity contracted for a second month in December, remaining at the lowest levels since May 2020 as new orders and production slipped, survey data showed Wednesday.
Rate of scientific breakthroughs slowing over time: study
The rate of ground-breaking scientific discoveries and technological innovation is slowing down despite an ever-growing amount of knowledge, according to an analysis released Wednesday of millions of research papers and patents.
Deadly Ukraine strike reveals Russian tech weakness
Russia has blamed the deaths of scores of its soldiers in a New Year missile strike on its troops using unsecured, traceable mobile phones on the battlefield.
Stocks mostly rally but oil slides
Stock markets mostly extended a New Year rally Wednesday but oil prices slid further as investors weighed China's reopening moves against its surging Covid cases.
Shares in troubled Kenya Airways suspended for another year
Trading in Kenya Airways shares has been suspended for another year, the local stock exchange said Wednesday, as the troubled national carrier battles to return to profitability.
Bankrupt Sri Lanka to hold first polls since crisis
Crisis-hit Sri Lanka Wednesday announced its first nationwide elections since its president fled and resigned in the face of widespread protests, in what will be a test of popularity for his successor.
At CES tech mega-show, driverless cars show promise, limitations
Crowds of techies will descend on Las Vegas this week for the annual CES technology mega-show, but one innovation may again fall short of long-held hopes: driverless cars.
Asian markets mixed as traders consider China reopening
Asian markets were mixed Wednesday as investors weighed China's reopening moves against its surging Covid cases, while recession concerns and a drop on Wall Street kept sentiment grounded.
In Iraq, graft helps push property prices out of reach
Iraqi telecommunications worker Youssef Ahmed is married with a five-year-old son, but lives with his parents because he is unable to afford his own home amid soaring property prices.
Egyptians hit by soaring food prices as crisis bites
Public anger has been growing for months in Egypt over a severe dollar crunch and soaring food prices. But for many a money-saving tip from a state body has been the last straw.
US carries out first execution of a transgender person
A transgender woman convicted of murder was put to death late Tuesday in the first such execution in the United States, officials said.
Venezuela receives first European cruise ship in 15 years
Venezuela on Tuesday received its first European cruise ship in 15 years after long being avoided by tourists due to high levels of insecurity and economic turmoil.
Stock markets rally on New Year boost but US equities falter
Global stocks mostly rallied Tuesday thanks to a New Year boost, clouded however by rising interest rates, recession worries and Russia's war on Ukraine.
German inflation drops on gas bill subsidy
German inflation eased in December for a second straight month, preliminary data showed Tuesday, as government interventions helped bring down energy prices.
Stock markets rally on New Year boost
Global stocks rallied Tuesday thanks to a New Year boost, which is clouded however by rising interest rates, recession worries and Russia's war on Ukraine.
Strike-hit UK faces first rail stoppage of 2023
UK rail staff disrupted the New Year return to work on Tuesday in the latest strike action by workers in a range of sectors over the worst cost-of-living crisis in a generation.
France signals flexibility in face of pension reform resistance
The French government said Tuesday it could be flexible on its plan to raise the retirement age to 65, part of a hugely controversial pension reform project pushed by President Emmanuel Macron.
Markets mostly rise at start of new year, but worries persist
Most markets bounced from early losses and the yen hit a seven-month high Tuesday to start the year on a positive note, but ongoing worries about interest rates, China's growth and the Ukraine war continue to dampen the mood.
Turkey's inflation rate slows sharply to 64.3%
Turkey's annual inflation pulled back further in December from a two-decade high, official data showed Tuesday, helping President Recep Tayyip Erdogan's chances in elections due by June.
Troubled China Evergrande pledges to repay debts in 2023
China Evergrande has pledged to repay its debt this year, as the property giant faces a restructuring following Beijing's crackdown on excessive borrowing and rampant speculation in the real estate sector.
Asian markets struggle out of gate for new year
Asian stocks started Tuesday on the back foot as traders in most markets returned from the new year break to the same worries over interest rates, China's growth and the Ukraine war, which fuelled a worldwide rout last year.
Shunned by youth, Morocco cosmetic oil craft faces uncertain future
Morocco's argan oil is highly prized by the cosmetics industry, yet it is now mostly produced by elderly workers, raising questions about how long the artisanal practice can continue.
Tesla posts disappointing deliveries for 2022
Tesla said Monday it had delivered 1.31 million electric vehicles in 2022 -- a record for the US automaker and a 40 percent jump from a year before, but still short of its own and Wall Street's expectations.
European markets start New Year on high note
European stock markets started the New Year on a high note on Monday after a rough 2022 but the IMF chief warned that a third of the world economy faces recession in 2023.
Can the French embrace cuisine sans booze?
It remains an uncomfortably foreign idea for some, but even the wine-loving French are experimenting with non-alcoholic drinks these days.
AI infused everything on show at CES gadget extravaganza
The latest leaps in artificial intelligence in everything from cars, robots to appliances will be on full display at the annual Consumer Electronics Show (CES) opening Thursday in Las Vegas.
Canada bans most foreigners from buying homes
A ban on foreigners buying residential property in Canada took effect on Sunday, aiming to make more homes available to locals facing a housing crunch.
Pope pays homage to 'noble, kind' ex-pope Benedict
Pope Francis paid homage Saturday to "noble" and "kind" ex-pope Benedict XVI, who has died at the age of 95, a decade after becoming the first pontiff since the Middle Ages to resign.