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Markets in turmoil as US closes Silicon Valley Bank
US regulators shut down Silicon Valley Bank on Friday in a spectacular move that sent global banking shares into turmoil, as markets fretted over possible contagion from the biggest banking failure since the 2008 financial crisis.
Markets rattled as bank shares hammered
Global markets took a beating on Friday as US jobs data boosted the likelihood of further aggressive interest rate hikes, and bank shares were mauled by the SVB debacle.
Meta working on potential Twitter rival
Facebook owner Meta is working on a new "text sharing" social media platform, it said Friday, in a project seen as a potential rival to embattled Twitter.
Global bank shares gyrate as US tech-oriented bank wobbles
Global banking shares gyrated on Friday as trouble at US regional lender SVB Financial sparked concerns over the wider sector.
Stocks slump as bank shares face rout
Global stock markets sank Friday as banking shares faced a rout over contagion fears, while US jobs data was seen all but ensuring further aggressive interest rate hikes.
UK economic rebound eases recession fear before budget
The UK economy has returned to growth, data showed Friday, easing fears of an inflation-induced recession as the government readies next week's budget against the backdrop of a cost-of-living crisis.
US job growth beats expectations in February as economy still hot
The United States added more jobs than expected in February -- though fewer than the previous month, government data showed Friday, suggesting policymakers have more to do to cool down the world's biggest economy
Stock markets slump before key US jobs data
A global stock markets selloff accelerated Friday with banks tumbling on contagion fears over the plight of troubled US lender SVB.
Global bank shares sink over US fears
The world's biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender sparked concerns over the wider sector.
Markets tumble as bank worries spread from Wall Street
Asian and European markets sank again Friday following a rout on Wall Street with banks taking a hefty hit after signs of trouble at a regional US lender sparked concerns about the wider sector.
Shares in Chinese developer Kaisa plunge as trading resumes
Debt-laden Chinese property developer Kaisa's share price hit a record low on Friday as trading resumed following an 11-month trading halt, with the company saying it is in negotiations with creditors.
The technology fighting Rwanda's silent killer of women
When Rwandan villager Lillian was diagnosed with cervical cancer, the 30-year-old feared that her life was over. But a new gadget aimed at patients in low-income countries offered her hope.
Indian couples fight to legalise same-sex marriages
When Abhay Dang and Supriyo Chakraborty had their big Indian wedding under high security two years ago, the gay couple's marriage was not legally recognised -- but it soon could be.
Lawyers search for justice in Turkish quake ruins
The Turkish lawyer adjusts his helmet and steps a little deeper into the rubble in search of proof that last month's catastrophic earthquake did not need to claim so many lives.
Train crash may thwart Greek PM's re-election bid: analysts
The Greek prime minister's bid for re-election at forthcoming polls may be thwarted by the country's deadliest train crash, which has sparked mass protests and calls for him to quit.
Tourism announces its return at Berlin fair, defying inflation
The Berlin tourism industry fair this week celebrated its comeback from the dark days of the coronavirus pandemic with strong demand that has so far defied high inflation figures.
Bank of Japan leaves policy unchanged as Kuroda bows out
Japan's central bank left its ultra-easy monetary policy unchanged in its last meeting before Governor Haruhiko Kuroda steps down and is replaced by economics professor Kazuo Ueda.
Asian markets tumble as bank worries spread from Wall Street
Asian markets sank again Friday following a rout on Wall Street as signs of trouble at a regional US lender sparked concerns about the wider sector as the Federal Reserve ramps up interest rates.
Warnings over AI and toxic beauty myths dog TikTok's Bold Glamour filter
TikTok's latest sensation is a real-time filter called Bold Glamour that sashays right past debates over toxic beauty standards on social media, going all in on giving users a new face.
Japan parliament approves new central bank chief Ueda
Japan's parliament on Friday approved economics professor Kazuo Ueda as the central bank's next governor, after a decade of monetary easing by outgoing chief Haruhiko Kuroda.
US banking shares hammered as stocks tumble ahead of jobs data
US banking shares plunged Thursday, weighing on the broader stock market after a mixed session on global bourses.
Paris Olympics chief defends ticket pricing after criticism
The head of the Paris Olympics organising committee defended the ticketing system for the 2024 Games, calling the first phase of sales a "success" on Thursday despite complaints about high prices.
Stocks tread water as traders await US jobs data
Wall Street and European stock markets made modest moves Thursday as investors awaited US jobs data that could prompt the Federal Reserve to ramp up interest rate hikes.
Rescuers 'fear worst' for three trapped deep in Spain mine
Rescuers were struggling on Thursday to reach three people trapped deep underground after an accident at a Spanish potash mine, with officials admitting they "feared the worst".
Power cut to Paris 2024 Olympic sites in pensions protest: union
A French labour union said members working in the energy sector had on Thursday cut power to the building sites for the Olympic Village for the 2024 Paris Games, as well as the main Stade de France stadium.
Stocks mixed as traders nervously await US jobs data
Wall Street rose on Thursday but European stock markets fell as investors brace for US jobs data that they fear could prompt the Federal Reserve to ramp up interest rate hikes.
Uganda presents anti-gay bill in parliament
Ugandan lawmakers on Thursday introduced legislation to parliament that proposes tough new penalties for same-sex relations in a country where homosexuality is already illegal, defying criticism from human rights groups.
Prada touts strong profits despite China sales slump
Italian luxury group Prada said Thursday its profits jumped in 2022 as strong sales in Europe and the United States offset declines in China, and that it expects its sales to outpace the market this year.
US conservatives fire opening salvo in trans sports battle
US lawmakers advanced a bill Thursday aimed at banning transgender women and girls from sports teams that match their gender identity, as Congress turned its focus on one of the most polarizing issues in American culture.
Former Shell CEO gets big payday on soaring oil prices
Shell's recently retired CEO earned close to £10 million ($12 million) last year after the energy giant scored record profits on soaring energy prices, the British company said Thursday, sparking outrage amid a cost-of-living crisis.
'Bittersweet story': joy, pain of nations casting off UN poorest tag
There will be jubilation in the Himalayan kingdom of Bhutan this year when it quits the club of the world's poorest countries, while others still have a mountain to climb.
Stocks drop as traders nervously await US jobs data
Stock markets mostly retreated Thursday on the eve of US jobs data, which is being eagerly awaited in light of warnings from Federal Reserve boss Jerome Powell that interest rate hikes could be ramped up should the economy show no sign of slowing.