German Dependence On China Growing 'At Tremendous Pace', Research Shows
The German economy became more dependent on China in the first half of 2022, with direct investment and its trade deficit reaching new heights, despite political pressure on Berlin to pivot away from Beijing, according to research seen by Reuters.
Republicans Call It An 'Army' But IRS Hires Will Replace Retirees, Do IT, Says Treasury
New U.S. Internal Revenue Service (IRS) hires over the next decade will mainly replace retiring Baby Boomers, answer taxpayer questions and program new computers, U.S.
From Bomb Shelter To Dorm Room: Ukrainian Students Find Refuge At U.S. Colleges
Hlib Burtsev wanted to film himself opening admissions decisions from U.S.
Bali Bomber Could Be Released In Days, Law Official Says
An Indonesian man jailed for his role in the deadly 2002 Bali bombings that killed hundreds of people could be released on parole in the coming days after the latest reduction in his sentencing, a law official said on Friday.
Ryan Cohen's $60 Million Bed Bath U-turn Triggers Meme Stock Investor Ire
Investors flooded social media platforms such as Reddit on Friday with criticism of Ryan Cohen's sale of his stake in Bed Bath & Beyond Inc, blaming him for helping fuel a meme stock rally only to then walk away with a $60 million profit.
UK Cost-of-living Crisis Prompts Warning To 'Buy Now, Pay Later' Lenders
Britain's financial watchdog has told firms offering 'buy now, pay later' loans to spell out the cost of late repayments to customers as the UK cost-of-living crisis intensifies.
UK Borrows More Than Expected As PM Contenders Promise More Help
Britain borrowed more than expected in July, official data showed, underscoring the challenges facing the country's next prime minister to provide more support to consumers hit by sky-rocketing energy costs.
UK Retail Gets Boost From Online Shopping In July
British shoppers spent more than expected last month as many were enticed by online shopping promotions, despite a weaker picture recently as households battled the highest inflation in more than 40 years, official figures showed on Friday.
Unequal And Divided, Angola Braces For Tense Election
Angolans head to the polls next week in what is likely to be a tense standoff between a ruling party in power for nearly five decades and an opposition with growing appeal to a frustrated, impoverished youth.
Torrential Rain Causes Havoc In New Zealand, Hundreds Forced From Homes
Torrential rain hit parts of New Zealand for a fourth day on Friday, forcing hundreds of people from their homes as rivers overflowed their banks and waterlogged ground becomes unstable.
Germany's Scholz To Testify Over Handling Of Multibillion-euro Tax Fraud
German Chancellor Olaf Scholz is set to testify in front of lawmakers on Friday over his role as Hamburg mayor in tackling a multibillion-euro tax fraud in a case that threatens to tarnish him even as he battles crises on multiple fronts.
China's Cyber Watchdog Wants 'Affectionate' Ties With Domestic Internet Firms
China's cyberspace watchdog wants to build an "affectionate" relationship between internet enterprises and the government, a senior official said on Friday, the latest verbal assurance to an industry still on edge after a long and bruising regulatory crackdown.
Australia To Target Vehicle Emissions To Boost Electric Car Supply
Australia's government said on Friday it plans to introduce new regulations targeting vehicle carbon emissions to boost the uptake of electric cars, as it looks to catch up with other developed economies.
N.Korea's Kim Praises Military Medics For Frontline COVID Fight In Capital
North Korean leader Kim Jong Un held a ceremony to thank and praise military medics for spearheading the country's fight against the coronavirus in the capital Pyongyang, state media said on Friday.
Dollar Hits 1-month High As Fed Officials Talk Up Rate Hikes
The U.S. dollar climbed to a fresh one-month high against a basket of major peers on Friday as Federal Reserve policymakers continued to talk up the need for further interest rate hikes ahead of their key Jackson Hole symposium next week.
Asia Stocks In Limbo As Dollar Takes The Lead
Asian shares were left in limbo on Friday while the U.S.
Oil Edges Higher On Optimism For Firmer Crude Demand
Oil prices edged higher in early trade on Friday, extending a rally into a third day, as investors weighed hopes for strong fuel demand after a larger-than-expected drawdown in U.S.
U.N. Chief, In Ukraine, Seeks To Secure Nuclear Plant And Explore Peace Talks
The U.N. chief and the presidents of Turkey and Ukraine discussed ways to end the war started by Russia and secure Europe's largest nuclear power station, which has come under shelling at the front lines.
Abortion Drug Maker Drops Challenge To Mississippi Ban
A manufacturer of the drug used in medication abortions on Thursday dropped its bid to sell mifepristone in Mississippi despite the state's recently enacted abortion ban.
Japan's Inflation Holds Above BOJ Target, Price Pressures Broaden
Japan's core consumer inflation accelerated in July to its fastest in seven-and-a-half years, driven by fuel and raw material prices and adding to the costs of living for households yet to see significant wage gains.
UK Consumer Sentiment Hits Record Low As Inflation Soars - GfK
British households are feeling "a sense of exasperation" about the surging cost of living which has pushed consumer sentiment to its lowest since at least 1974, according to the country's longest-running survey of household finances.
N.Korea Rejects South's 'Audacious' Economic Aid Plan
North Korea's Kim Yo Jong, the powerful sister of leader Kim Jong Un, said on Friday the country will never deal with a South Korean proposal to boost the North's economy in exchange for giving up nuclear weapons.
'Spanish Stonehenge' Emerges From Drought-hit Dam
A brutal summer has caused havoc for many in rural Spain, but one unexpected side-effect of the country's worst drought in decades has delighted archaeologists - the emergence of a prehistoric stone circle in a dam whose waterline has receded.
New York 9/11 Museum Closes After Telling Tragedy's Story, Helping Survivors Heal
A museum in New York City that told the story of the 9/11 attacks from the perspectives of the people affected has closed its building and ended its walking tours, a co-founder said Thursday.
UK Opposition Labour Party Wants Parliament Recalled Over Energy Price Cap
Britain's opposition Labour Party said parliament should be recalled on Monday to freeze energy bills for the winter as the country deals with the worst cost-of-living crisis in decades.
Starbucks Ordered To Reinstate Workers Fired Amid Union Campaign
A U.S. judge ordered Starbucks Corp to reinstate seven employees at a Memphis, Tennessee, cafe on Thursday who were allegedly fired for supporting a union organizing campaign, as the company seeks to halt pending nationwide union elections.
Laser Incidents Reported By U.S. Pilots Hit Record In 2021 -report
The number of reported incidents involving aiming of lasers at U.S.
Colombia Interest Rate Rises Close To Their End - Policymaker
An expected slowing of Colombia's economic growth and more gradual rise in inflation suggest a lesser need for interest rate hikes as rates get closer to peaking, central bank board member Roberto Steiner said on Thursday.
Deere's Sales Expected To Rise On Increased Demand
Deere & Co is expected to report double-digit sales growth in its Friday results, fueled by strong equipment demand from farmers flush with cash that has helped the company raise pricing.
Colombia, Venezuela Working To Coordinate Border Reopening, Minister Says
The full reopening of the Colombia-Venezuela border will come sooner rather than later, but will depend on legal conditions and the overall re-establishment of bilateral ties, Colombia's commerce minister said on Thursday.