CMSD
0.0100
US ride-hailing giant Uber has suspended its services in Tanzania, saying government legislation that raises fares and cuts its commission made it difficult for it to operate.
Chinese auto makers warned they may have to put the brakes on production if strict Covid-19 curbs in Shanghai persist, with a top Huawei executive also sounding the alarm Friday about snarled supply chains.
Eyes glued to her two screens, Romanian Olivia Vereha works tirelessly to make sure an essential website for Ukrainian refugees runs smoothly.
Asian markets dipped in early trade Friday after a negative lead from Wall Street, with investors around the world worried about surging inflation.
Elon Musk's shock offer to buy Twitter drew immediate fears Thursday – and some cheers – over putting the platform in the hands of a mercurial billionaire who advocates fewer limits on what people can post.
A four-day-old strike by Argentine grain transporters, demanding higher freight rates in the face of rising diesel prices due to war in Ukraine, has paralyzed farming exports, industry sources said Thursday.
Germany has officially confiscated the world's largest superyacht owned by Russian oligarch Alisher Usmanov, as part of sanctions against Moscow following the outbreak of war in Ukraine, police sources said Thursday.
Tesla chief Elon Musk said Thursday he's not sure his $43 billion bid to buy Twitter will succeed, but asserted he has a "plan B" in case of failure.
Large US banks released a mixed deluge of earnings Thursday, pointing to the continued strength of US households and businesses while warning of rising risks from inflation, geopolitical upheaval and fast-changing monetary policy.
An NFT of the first tweet ever posted on Twitter was struggling to attract bidders on Thursday, with the highest offer so far just shy of $10,000 -- a year after it was bought for $2.9 million.
The euro slumped to a near two-year low on Thursday after the European Central Bank remained vague about when it will raise interest rates in the face of soaring inflation.
Lebanon on Thursday ordered the demolition of Beirut's grain silos which are at risk of collapse following a devastating 2020 port explosion, prompting protests from relatives of blast victims who want the silos preserved.
Space conquest: check. Disrupt the auto industry: check. Take over Twitter? Why not. From eccentric entrepreneur to the world's richest man, Elon Musk likes to dream big -- and these days, he is everywhere you look.
Motorists in Iraq formed long queues for fuel Thursday after some owners of filling stations shut off their pumps to protest government policies on fuel distribution and pricing.
Citigroup said Thursday it set aside $1.9 billion in reserves due to Russia's invasion of Ukraine as large US banks reported mixed results amid a backdrop of geopolitical upheaval and fast-changing monetary policy.
Eurozone stock markets rose Thursday while the euro slid as the European Central Bank remained vague about when it will raise interest rates in the face of soaring inflation.
The US central bank can bring inflation down by raising interest rates without jeopardizing growth in the world's largest economy, although it will be a challenge, a top Federal Reserve official said Thursday.
The European Central Bank on Thursday stood still in the face of record inflation, keeping its stimulus plans and rates unchanged, as the war in Ukraine cast a pall over the eurozone economy.
Cash-strapped Sri Lanka's loss-making national carrier revealed plans Thursday to lease up to 21 aircraft, just two days after the government announced a default on its $51 billion foreign debt.
Entering their fourth day without power or water, Durban's poorest residents lined up on Thursday to collect water from burst pipes and dug through layers of mud to retrieve their few possessions.
Citigroup said Thursday it set aside $1.9 billion in reserves due to Russia's invasion of Ukraine, which was one factor driving a drop in the bank's quarterly earnings.
Turkey's central bank on Thursday brushed aside an inflation reading that has soared past 60 percent and kept its benchmark interest rate steady for the fourth month in a row.
The European Central Bank on Thursday stood still in the face of record inflation, keeping its stimulus plans and rates unchanged, as the war in Ukraine cast a pall over the eurozone economy.
Eurozone stock markets and the euro rose Thursday awaiting the outcome of the European Central Bank's latest monetary policy meeting, as traders seek more information on when it will start to raise interest rates to fight the bloc's record-high inflation.
Life usually stops in Sri Lanka's capital during April's holiday period, but with an economic crisis derailing traditional home celebrations, Colombo's city centre is instead teeming with frustrated crowds.
Britain is to send migrants and asylum-seekers who cross the Channel thousands of miles away to Rwanda, according to a controversial deal announced Thursday as the government tries to clamp down on record numbers of people making the perilous journey.
German auto giant Volkswagen said Thursday its first quarter operating profit increased significantly in 2022, while warning that the "first effects" of the war in Ukraine were beginning to be felt.
Taiwanese tech giant TSMC posted record revenue for the first three months of the year Thursday as demand soared for chips used in everything from smartphones and cars to missiles.
Asian and eurozone stocks rose Thursday after a recovery on Wall Street, but investors remained cautious about the ongoing impact of skyrocketing inflation and the war in Ukraine.
Fast Retailing, the operator of Japanese casualwear giant Uniqlo, revised its annual net profit forecast upwards on Thursday even as business in China is hit by fresh lockdowns.
A San Francisco judge on Wednesday slashed the $137 million in damages Tesla was told to pay a former employee in a racial discrimination case down to $15 million but upheld the verdict.
Asian stock markets mostly rose in early trade Thursday after a recovery on Wall Street, but investors remained cautious about the ongoing impact of skyrocketing inflation and the war in Ukraine.
European Central Bank policymakers meet on Thursday faced with the challenge of threading a response between record-high inflation figures and weak growth due to the war in Ukraine.
In an effort to ease Americans' pain at the gas pump, President Joe Biden has announced his administration will ease restrictions on the sale of E15 -- gasoline that includes 15 percent ethanol -- and new investments in biofuels as a whole.
Stock markets mostly rose and oil prices climbed Wednesday as investors pored over data showing further spikes to inflation.
Thousands of Argentines marched Wednesday for jobs, food, and more social aid as rampant inflation undermines government efforts to raise living standards.
Major international organizations issued an appeal Wednesday for urgent measures to deal with rising food insecurity in poor countries, including financing to support farmers and increase food supplies.
Nearly half of all recorded injuries in US warehouses last year occurred at Amazon, according to a report released Tuesday by a coalition of unions.
Stock markets mostly rose and oil prices climbed Wednesday as investors pored over data showing further spikes to inflation.