Result Page 131 for Latest Business News & Archive

Turkish central bank governor Hafize Gaye Erkan has said property prices are so high that she had to move back in with her parents

Turkey's Central Bank Delivers Smaller Rate Hike

Turkey's central bank announced a smaller interest rate hike than in previous months on Thursday, signalling it is nearing the end of its monetary tightening as it battles double-digit inflation.

Sony PlayStation 5 Sales Cross 50 Million Units

Sales of Sony's PlayStation 5 have crossed 50 million units, the Japanese electronics giant said, pointing to "strong momentum" this year for its flagship gaming console.

Ski Prices Rise But Skiers Keep Coming, For Now

Ski maker Atomic has raised prices by five percent but customers keep coming

In the heart of the Austrian Alps, workers at the world's leading ski maker churn out pair after pair for international clients who are undeterred by the sport's snowballing costs.

Transport ministry officials arrived at Daihatsu's headquarters for an on-site inspection, which an official said will last until at least early next year

Japan Begins On-site Inspection To Toyota Unit Daihatsu

Japanese officials on Thursday started an on-site inspection at the headquarters of Toyota subsidiary Daihatsu, the transport ministry said, after an investigation found it had rigged safety tests and was forced to suspend all shipments of its vehicles.

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Iceland: decreased activity around fault

Icelandic Volcano Eruption Eases As Evacuated Village Remains Off-limits

A volcanic eruption that rocked Iceland this week diminished in intensity for a second day Wednesday, though media reports said a nearby evacuated fishing village would remain off limits for at least another week.

Brianna's murder led to vigils calling for better protection and support for trans teenagers

UK Teens Found Guilty Of Killing Trans Girl

Two British teenagers were found guilty Wednesday of the "disturbing" murder of a 16-year-old transgender girl who died in a "frenzied and ferocious" knife attack.

US existing home sales rose in November but analysts say mortgage rates need to fall more for a sustainable recovery to begin

US Home Sales Edge Up In November But Still Gloomy

Sales of US existing homes crept up in November, according to industry data released Wednesday, though they remained at a low level as high mortgage rates weigh on activity.

EU Court Sides With Ryanair Over Air France-KLM Aid

A top EU court annulled on Wednesday the approval of a pandemic state aid programme for Air France-KLM that had been challenged by Irish rival Ryanair and Malta Air.

Former Suriname president Desi Bouterse speaks at a rally in Paramaribo on December 16, 2023

Suriname Court Upholds 20-year Sentence For Ex-president In Murder Trial

Suriname's highest court on Wednesday upheld a 20-year prison sentence for ex-president Desi Bouterse, who lost an appeal against his conviction for the 1982 killings of political opponents.

Russian Prime Minister Mikhail Mishustin (L) and Chinese President Xi Jinping shake hands before their meeting Wednesday in Beijing

China's Xi Says Strong Russia Ties A 'Strategic Choice'

Chinese President Xi Jinping said Wednesday that maintaining close ties with Russia is a "strategic choice", calling for deeper bilateral cooperation during a meeting with Prime Minister Mikhail Mishustin in Beijing, state media reported.

The case was held at the UK Supreme Court

UK's Supreme Court Rules In Favour Of Guantanamo Detainee

Britain's top court ruled Wednesday that a Guantanamo detainee waterboarded by the CIA can use English law in his claim against the UK government over alleged complicity in the torture.

Pornhub, Stripchat and XVideos will have to apply stricter rules, in particular to protect children, under new EU rules

EU Toughens Rules On Three Major Porn Platforms

The European Union on Wednesday added three pornographic websites to its list of online platforms that are large enough to come under tougher safety regulation.

A woman stands outside a house destroyed in Israeli bombardment in Rafah, in the southern Gaza Strip, on December 20, 2023

Hamas Chief In Egypt For Talks On Gaza Truce And Hostage Release

The leader of Hamas visited Egypt on Wednesday as hopes grew that Israel and the Palestinian militant group may be inching toward another truce and hostage release deal in the Gaza war.

UK inflation slowed to 3.9 percent in November, pulled down by a drop in petrol prices

UK Inflation Hits Lowest Level In More Than Two Years

British inflation has slowed sharply to the lowest level in more than two years on falling petrol prices, official data showed Wednesday, easing a cost-of-living crisis after aggressive interest-rate hikes.

Cargo bikes are popular in places such as Denmark and the Netherlands

On Yer Bike: London Firms Turn To Cargo Bikes

On a busy north London street, plumber Ben Hume-Wright zipped through the heavy rush-hour traffic to his next job by bike.

Jeli Brings Incident Analysis To The PagerDuty Operations Cloud

Jeli's unique approach draws inspiration from various industries, emphasizing the coordination costs of incidents, uncovering organizational issues and generating proactive recommendations.

Japanese automaker Daihatsu, a Toyota subsidiary, has suspended shipments of all cars amid a safety test-rigging scandal

Toyota Subsidiary To Halt Shipment Of All Models Over Rigged Safety Tests

Toyota subsidiary Daihatsu said Wednesday it will suspend shipments of all car models currently in production both in Japan and abroad, following new revelations about its rigging of safety tests.

The expansion of OPEC has proved to be a double-edged sword for the cartel as it means decision-making has become more difficult, according to Swissquote analyst Ipek Ozkardeskaya

Waning Influence Of OPEC+ In Spotlight As Prices Flag

Despite slashing oil production for months on end and announcing new cuts in late November, the Organization of the Petroleum Exporting Countries (OPEC) and its ten allies have struggled to boost flagging prices.

Rite Aid has been ordered to stop using facial recognition for the next five years after finding the technology falsely identified some consumers as shoplifters

US Bans Pharmacy Rite Aid From Facial Recognition Use

Pharmacy group Rite Aid was ordered Tuesday to stop using facial recognition for the next five years by a US regulator, which said the company falsely identified consumers as shoplifters using the technology.

The controversy comes after regional authorities announced a sharp rise in public transport tickets for the Games

Paris Hotels Angry Over Tourist Tax Hike Ahead Of Olympics

Paris hoteliers were up in arms on Tuesday over a government plan to triple the tax paid by visitors on nights at hotels next year when the capital hosts the Olympics.

An independent oversight board says Meta removal of posts related to the war in the Middle East could be eliminating evidence of human rights violations in the process

Meta Accused Of Mishandling Israel-Hamas War Posts

Meta's independent oversight board on Tuesday criticized the social media titan of removing posts that showed human suffering in the Middle East conflict.

Pfizer and BioNTech are demanding Poland pay a debt of 1.3 billion euros, plus interest, while Hungary faces a claim of 60 million euros

Pfizer Sues Poland And Hungary Over Covid Debts

Pharmaceutical firms Pfizer and BioNTech are suing the governments of Poland and Hungary alleging they failed to pay for vaccines ordered during the Covid pandemic, lawyers said Tuesday.

The Bafokeng Platinum mine where more than 2,000 South African workers occupied two shafts bringing all operations to a standstill

Fears For Miners On Second Day Of S.Africa Underground Protest

Frantic families waited at the surface Tuesday for news of more than 2,000 platinum miners who have taken over two shafts in one of South Africa's biggest mine protests in years.

Zelensky is again feeling political pressure at home

Zelensky Faces Press With Western Aid, Front Line Wavering

Ukrainian President Volodymyr Zelensky will take questions from journalists on Tuesday at an end-of-year press conference that comes with his military under pressure on the front and allies wavering on aid.

An Israeli unmanned aerial vehicle flies over Rafah in the southern Gaza Strip on December 18, 2023

Israel Bombs Gaza As UN Weighs New Ceasefire Call

Israel launched more deadly strikes on Gaza Tuesday as the UN Security Council was due to vote on another ceasefire demand and concern mounted over the conflict's impact on global shipping.

With the vintage market booming, Li Pamp said many people could literally be sitting on unknown treasures

At Stockholm Auction, Vintage Ikea Goes High-end

At a chic Stockholm auction house, 122 carefully-curated items with unusual provenance went under the hammer on Monday evening: vintage furnishings from flatpack furniture retailer Ikea was sold for a total of 37,000 euros ($40,000).

As part of the settlement, the company will make changes to its Google Play app store to reduce competition barriers for developers

Google To Pay $700 Mn To US Consumers, States In Antitrust Settlement

Google parent Alphabet has agreed to pay $700 million as part of an antitrust settlement made public on Monday, with the funds going to US customers of its Android app store and state governments.

'Giuinott', the version of gianduiotto made by Guido Castagna

Chocolate Wars As Italian Artisans Battle Swiss Giant

Turin's famed gianduiotto, a small, creamy chocolate that melts on the tongue, is at the centre of a battle for European recognition pitting Italian artisans against Swiss giant Lindt.

Some historic pubs have been taken over by heritage bodies

Last Orders? UK Pubs Hit By Rising Costs And Changing Tastes

They've served Roman soldiers, knights and poets and have been a gathering place for communities to enjoy a brew beside a crackling fire for centuries.

A customer visits a secondhand clothes shop in the Harajuku district of Tokyo

Second-hand Clothes Finally Take Off In Japan

A second-hand pop-up store in Tokyo by casual clothing giant Uniqlo was a first for the Japanese firm, but also a sign that a local aversion to used garments may finally be fading.

A container ship waits to enter the Panama Canal on September 24, 2023

Panama Says Its Canal Produced Record Revenue Despite Drought

The Panama Canal delivered $2.5 billion to the national treasury for last year's operations, the government said Monday, despite record-low water levels that limited ship transits.

Asian traders struggled to track another gain on Wall Street

Asian Markets Mixed As Fed Officials Push Back On Rate Cut Bets

Asian markets were mixed Tuesday after Federal Reserve officials looked to dampen expectations for a series of interest rate cuts next year, while the yen edged up ahead of a closely watched Bank of Japan policy decision later in the day.

A Monusco peacekeeper looks on at the force's base during a field training exercise in Sake, eastern Democratic Republic of Congo in November 2023

UN Prepares To Start Pulling Peacekeepers From DR Congo

The UN Security Council is expected on Tuesday to accede to a demand from the Democratic Republic of Congo (DRC) and launch a gradual withdrawal of peacekeepers, starting later this month.

Apple hitting pause on US sales of some of its smartwatch models comes as it accuses Masimo Corp. of abusing the patent system to create an opening for a rival product

Apple Pauses US Sale Of Latest Watch Models Over Patent Clash

Apple on Monday said it will stop selling some of its smartwatch models in the United States while it fights a patent battle over technology for detecting blood oxygen levels.

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