UK Economy Exits Recession Ahead Of Election
Gross domestic product expanded 0.6 percent in the first three months of this year, the Office for National Statistics (ONS) said, noting strong growth in service industries and car manufacturing.
UK Says To Expel Russia Defence Attache For Intel Role
The UK government on Wednesday raised tensions with the Kremlin by announcing it would expel a Russian defence attache for being "an undeclared military intelligence officer".
US Revokes Some Licenses For Exports To China's Huawei
The United States has revoked some export licenses that allowed companies such as US chip firm Qualcomm to supply Chinese tech giant Huawei, the Commerce Department confirmed on Wednesday.
EU Eyes First Ever Sanctions On Russia's LNG Sector
The EU is considering expanding its sanctions against Moscow over the war in Ukraine to target Russia's liquefied natural gas sector, EU diplomats said Wednesday.
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Prince Harry In London, But Not Meeting King Charles
Prince Harry was in London Wednesday to mark the 10th anniversary of his Invictus Games for wounded military veterans, but no meeting was scheduled with his estranged father King Charles III.
As with all his trips to the UK since he moved to the United States in 2020, his three-day visit to the British capital has sparked a fresh round of speculation about a reconciliation with his family.
BMW Says EU Probe Into China EV Subsidies Against Free Trade
The chief executive of German luxury carmaker BMW on Wednesday warned the European Union's investigation into Chinese electric car subsidies runs counter to free trade.
Intel, Qualcomm Blocked From Shipping Chips to Huawei Amid Fresh U.S. Crackdown
The U.S. government has revoked certain export licenses allowing companies like Intel and Qualcomm to ship chips to sanctioned Chinese tech giant Huawei Technologies.
AstraZeneca Withdraws Covid Vaccine As Demand Dives
Anglo-Swedish drugmaker AstraZeneca on Wednesday said it was withdrawing Covid vaccine Vaxzevria, one of the first produced in the deadly pandemic, citing "commercial reasons" following a slump in demand.
Bubbling Profits For AB InBev Despite Bud Light Boycott
The world's largest brewer AB InBev on Wednesday toasted a jump in profits in the first quarter, despite a drop in beer sales driven by a Bud Light boycott in the United States.
Spain Struggles To Stamp Out Drug Trade In Poor South
The killing of two police by drug traffickers has focused attention on smuggling networks in southern Spain, where poverty makes it easy for gangs to recruit youngsters.
Ferrari Confirms 2024 Guidance After First Quarter Boost
Italian luxury carmaker Ferrari on Tuesday posted a double digit rise in both profits and sales for the first quarter of 2024, and confirmed its full-year guidance.
Global Car Giants Seek Tech Allies In China's Cutthroat EV Market
Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world's biggest electric car market, where shiny smart screens, assisted driving and sophisticated map technology are in high demand.
Asian Markets Mixed As Traders Weigh Rates Outlook
Asian markets fluctuated Wednesday as the latest rally ran out of steam due to a lack of major catalysts, while investors contemplated the outlook for monetary policy.
Europe Student Gaza Protests Spread, Sparking Clashes, Arrests
Student protests to demand that universities sever ties with Israel over the Gaza war spread in Europe on Tuesday, sparking clashes and arrests as fresh protests broke out in the Netherlands, Germany, France, Switzerland and Austria.
OpenAI Unveils Tool To Detect DALL-E Images
OpenAI, the Microsoft-backed artificial intelligence company behind the popular image generator DALL-E, on Tuesday announced the launch of a new tool aimed at detecting whether digital images have been created by AI.
TikTok Challenges Potential US Ban In Court
TikTok and its Chinese parent company ByteDance filed a legal challenge against the United States on Tuesday, taking aim at a law that would force the app to be sold or face a US ban.
Disney Reports Small Loss But Sees Improvement In Streaming
Disney reported higher revenues Tuesday on a strong performance by its theme parks division and an improving streaming business, but a write-down in the company's India business resulted in a small loss.
'Unlike Anything We Have Studied': Gaza's Destruction In Numbers
As well as killing more than 34,000 people and causing catastrophic levels of hunger and injury, the seven-month war between Israel and Hamas has also caused massive material destruction in Gaza.
Olympic Flame To Arrive In France Ahead Of Paris Olympics
The Olympic flame is set to arrive in the French port of Marseille on Wednesday in front of a crowd of up to 150,000 people in a first major test of the hugely ambitious plans for the Paris Games.
Major German Companies Warn Against Vote For Extremism
Germany's biggest companies said Tuesday they have formed an alliance to campaign against extremism ahead of key EU Parliament elections, when the far right is projected to make strong gains.
Starbucks Lattes Are Turning To An Unaffordable Luxury — What It Means For Its Shares
Last week, the Seattle-based coffee shop chain reported second-quarter earnings and revenues that badly missed analysts' estimates. It most notably reported a 2% revenue decline, the first since 2020, and lowered its guidance for the next quarter.
Nintendo Says Announcement On Switch Successor 'This Fiscal Year'
Nintendo said Tuesday it will make an announcement about a highly anticipated new console by the end of March 2025 as sales decline of the hugely popular Switch, which is now in its eighth year.
Saudi Aramco Says Q1 Profit Down 14.5 Percent
Oil giant Saudi Aramco said Tuesday its first-quarter net profit dipped 14.5 percent on year to $27.27 billion as the Gulf kingdom kept production cuts in place.
UBS Net Profit Up 71% After Two Quarters In The Red
Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion after two quarters in the red due to the takeover of Credit Suisse.
Amazon Says Will Invest $9 Billion In Singapore
Amazon said Tuesday it would invest US$9 billion in Singapore over the next four years to expand its cloud computing capabilities in the city.
Chinese Mill Blamed For Turning Serbia Village Red With Pollution
In the eight years since Chinese company HBIS bought a steel mill near the eastern Serbian city of Smederevo, locals say they have been plagued by heavy air pollution and thick red dust.
Asia Tracks Another Rally On Wall St As US Rate Optimism Lingers
Asian markets built on the latest global rally Tuesday as optimism that the US Federal Reserve will cut interest rates this year continued to breeze through trading floors.
Boeing Probed In US Over Possible Falsified Records On 787
US air safety authorities are investigating whether embattled aviation giant Boeing completed required inspections on its 787 aircraft and whether employees falsified records, officials said Monday.
Springing Into Memorial Day Weekend: Exploring Some of the Most Trendy Outdoor Furniture
The global outdoor furniture market is expanding steadily, with a value of $52 billion in 2024. The US market is the largest and most profitable. It's expected to reach $12.8 billion by 2028.
Polish Prosecutors Say Opened Spy Probe After Judge Flees To Belarus
Polish prosecutors Monday said they had opened an espionage probe after a judge fled to neighbouring Belarus and reportedly asked for asylum over spying allegations that he dismissed as "fabricated".
Sony Backtracks Faced With Anger Of 'Helldivers 2' Players
Sony backtracked Monday after players of its popular cooperative third-person shooter game "Helldivers 2" pushed back against a requirement to link with its PlayStation Network platform.
EU Clears Nippon Buyout Of US Steel Opposed By Biden
The European Union on Monday approved the $14 billion takeover of major American manufacturer US Steel by Japan's Nippon Steel, which US President Joe Biden has opposed.
Struggling French Tech Group Atos Weighs Financial Lifelines
Struggling French tech group Atos, an Olympics partner and key French defence contractor, said Monday it would make a decision on financial restructuring offers by May 31.
EU Election Could Force Sharp Turn In Electric Car Policy
A change at the top of European institutions could herald a change in the 2035 target to phase out sales of internal combustion engine cars even though the automotive industry is already well down the road towards transitioning to electric vehicles.
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