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Alibaba shares collapse after cloud service spinoff cancelled
Shares in Chinese ecommerce titan Alibaba tanked 10 percent in Hong Kong on Friday after the firm's surprise decision to call off part of its high-profile restructuring because of the US-China chip war.
Croatia cracks down on migrants as Europe beefs up border checks
It took Croatia years to finally enter into Europe's passport-free travel zone that promised to ease access for other European nationals travelling to the country and boost its tourism-driven economy.
Winds of change? Bid to revive England's onshore sector
When yet another winter storm hits Britain, Ellis Jacklin is happier than most, as he gets his energy at up to half the usual unit price.
Afghans driven from Pakistan rebuilding lives from 'zero'
Rocked gently on his mother's knees, a fly on his nose, a baby sleeps fitfully in a tent in a barren border camp as his family prepares to leave the waypoint to rebuild their lives in Afghanistan.
Top UN court to rule on Armenia-Azerbaijan Karabakh dispute
The UN's top court will Friday rule on a long-running clash between Armenia and Azerbaijan over the disputed territory of Nagorno-Karabakh, which Baku seized in September in a lightning offensive.
Alibaba shares dive more than 7% after cloud service called off
Shares in Chinese e-commerce titan Alibaba tanked more than seven percent at the Hong Kong open Friday after the firm's surprise decision to call off part of its high-profile restructuring because of the US-China chip war.
IBM pulls ads from Elon Musk's X over pro-Nazi posts
IBM on Thursday said it has stopped advertising on X due to a report its ads were shown next to pro-Nazi posts at the platform formerly known as Twitter.
Workers at GM ratify contract in win for US auto union
Workers at General Motors have voted to ratify a new labor contract with sweeping pay increases, according to figures published Thursday, a landmark step after a major auto industry strike this year.
Stocks fall, oil slides as rally shows sign of fatigue
World stock markets mostly fell Thursday as investors took a breather after a recent rally following better-than-expected US inflation figures.
Amazon to sell new cars next year in US, starting with Hyundai
E-commerce giant Amazon said Thursday it would start selling new automobiles on its platform in the United States next year.
Big Starbucks promotion roiled by union walkout of 'thousands'
Worker activists at Starbucks called for a strike at unionized coffee shops in the United States on Thursday as the labor group seeks to pressure the coffee giant on stalled contract talks.
'Gaypec': San Francisco champions LGBTQ rights at Asia summit
The calendar for APEC in San Francisco featured a US-China summit, appearances by top CEOs, negotiations on a trade pact -- and seductive dances by elaborately coiffed drag queens.
Biden says US to advocate for labor unions abroad
President Joe Biden's administration promised Thursday to engage systematically overseas with workers, as its plans for a new Asia trade pact met opposition from labor activists.
Brazil police kill black person every four hours: report
Police violence in Brazil killed the equivalent of more than one black person every four hours last year, disproportionately hitting the Afro-Brazilian population, a report said Thursday.
UAE inaugurates giant solar plant, two weeks before climate talks
The United Arab Emirates inaugurated on Thursday one of the world's biggest solar plants, two weeks before the oil-rich Gulf state hosts UN climate talks.
Alibaba cancels cloud service spinoff over US chip restrictions
Chinese e-commerce giant Alibaba said Thursday it was cancelling a planned cloud service spinoff announced this year over US chip restrictions, as it reported results for the third quarter of 2023 that were in line with market expectations.
US auto worker strike hits October industrial production
US industrial production declined more than expected in October, with the auto workers strike exerting downward pressure on a range of market groups, the Federal Reserve said Thursday.
Stocks fall as rate-hope rally fades
World stock markets mostly fell Thursday as investors took a breather after a recent rally following better-than-expected US inflation figures.
Walmart narrowly lifts forecast as inflation stays consumer concern
Walmart narrowly lifted its full-year forecast on Thursday following solid quarterly results as it continued to navigate a market challenged by elevated pricing that has depressed demand for some goods.
Stocks mostly drop as rate-hope rally fades
Major Asian and European stock markets fell Thursday as investors took a breather and cashed in on a recent rally following better-than-expected US inflation figures.
Spectre of war paralyses Lebanon's hospitality sector
Bartender Richard Alam has poured hardly any drinks at his pub in Lebanon's seaside city of Byblos, where once-busy streets have emptied of customers scared by border tensions during the Israel-Hamas war.
Siemens nets record profits, but outlook cautious
German industrial giant Siemens on Thursday gave a cautious sales forecast for 2024, after netting a record profit in the previous financial year driven by its digital division.
'King of Lake Ohrid': the fight to save a Balkan trout
Along the picturesque shores of Lake Ohrid, things have taken on a frantic pace at the Lin Hatchery in Albania's Pogradec, as a team of specialists races to release the final batch of newly spawned trout this season.
Asian markets mostly drop as rate-hope rally loses steam
Most Asian markets fell Thursday as investors took a breather and cashed in on a recent rally, though analysts said the outlook was bright, even as data pointed to a soft landing for the world's top economy.
Which Park Ji-min? US outlet's BTS error prompts online outrage
A US entertainment news site has sparked anger and drawn ridicule after an apparent K-pop blunder, posting a photo of BTS megastar Jimin instead of a Korean actress with the same name.
Indian rescuers drill to rescue 40 tunnel workers trapped for five days
Indian rescuers said Thursday that a powerful new drilling machine had been deployed as efforts to free 40 workers trapped in a collapsed road tunnel entered their fifth day.
Musk's X launches court fight with Australian watchdog
Australia's online safety watchdog said Thursday it was being taken to court by Elon Musk's X in a fight over the platform's failure to outline how it combats child sexual abuse content.
In Mexico, building a rail rival to the Panama Canal
At Mexico's narrowest point, linking the Pacific and Atlantic oceans, the government is building a railway rival to the Panama Canal with promises of economic bounty but amid fears of environmental and social harm.
Aniston, Schwimmer, Kudrow add tributes to 'Friends' co-star Perry
"Friends" stars Jennifer Aniston, David Schwimmer and Lisa Kudrow paid their own personal tributes to the late Matthew Perry on Wednesday, mourning their beloved but troubled co-star after his shock death last month.
Nobody wants a Musk monopoly on satellite internet: Eutelsat boss
The boss of European satellite operator Eutelsat knows her task will not be easy: to forge a competitor to Elon Musk's Starlink and provide superfast internet from space.
US, European stocks extend gains on interest rate outlook
Stock markets rose for a second day Wednesday after slowing US inflation and retail sales raised hopes of a soft landing for the US economy.
UK rental market suffers record price rise
UK housing rental prices spiked by a record rate with London hit particularly hard, official data showed Wednesday, stoking a cost-of-living crisis as inflation remains elevated despite a sharp slowdown.