New York — The rally in U.S. stocks faces an important test […] with earnings from chipmaking giant Nvidia NVDA.O, whose blistering run has powered markets throughout 2024. The S&P…
more ...CEO of Telegram messaging app arrested in France, say French media
paris — Pavel Durov, billionaire founder and CEO of the Telegram messaging app, was arrested at the Bourget airport outside Paris on Saturday evening, TF1 TV and BFM TV said, citing…
more ...Fed’s actions spoke louder than words in inflation fight, research shows
JACKSON HOLE, Wyoming — The Federal Reserve’s credibility in the eyes of financial markets helped in its battle against inflation over the past two years, but it had to be earned…
more ...Canadian rail arbitration hearing ends without decision; strike looms
TORONTO — A workers’ union Friday threatened a strike at one of Canada’s two major freight railroads, only hours after the company’s trains restarted following a potentially devastating stoppage. A government-ordered…
more ...Indonesia destroys $1.3M of illegal imports, cracks down on underground economy
Jakarta, Indonesia — Cellphones, electric pots and pans, and car washing machines were among goods worth $1.3 million destroyed Monday by the Indonesian Trade Ministry in West Java. Alcoholic drinks with…
more ...Chinese entities turn to Amazon cloud, rivals to access US chips, AI
BEIJING/SINGAPORE/NEW YORK — State-linked Chinese entities are using cloud services provided by Amazon or its rivals to access advanced U.S. chips and artificial intelligence capabilities that they cannot acquire otherwise, recent…
more ...Fed Chief: ‘The time has come’ to begin reducing interest rates
JACKSON HOLE, Wyoming — With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair…
more ...New EU deforestation regulations a challenge for Namibian farmers
Windhoek, Namibia — Namibia’s minister of agriculture has urged farmers in the Southern African country to look at alternative markets for its charcoal and beef products since the European Union, one…
more ...US official holds talks in Africa on responsible use of military AI
Abuja, Nigeria — A U.S. State Department official was in Nigeria this week to meet with local and regional authorities about the responsible use of artificial intelligence in military applications. Mallory…
more ...Seoul authorities find toxic substances in Shein and Temu products
Seoul — Women’s accessories sold by some of the world’s most popular online shopping firms contained toxic substances sometimes hundreds of times above acceptable levels, authorities in Seoul said Wednesday. Chinese…
more ...Myanmar fighting blocks key trade route with China, impacting economy
Bangkok — Ethnic and resistance forces in Myanmar have completely blocked a key trade route to China, halting cross-border commerce and further damaging Myanmar’s already struggling economy. The Mandalay-Lashio-Muse Road is…
more ...Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates
Washington — Federal Reserve officials have said they’re increasingly confident that they’ve nearly tamed inflation. Now, it’s the health of the job market that’s starting to draw their concern. With inflation…
more ...Tech innovations offer hope for overburdened Africa health care system
Nairobi, Kenya — Overcrowding in African hospitals is blamed on the scarcity of health facilities and doctors, especially in rural areas. According to the United Nations, there is only one doctor…
more ...Companies’ use of employee-monitoring software can have negative effects
Some bosses might want all their workers back in the office, but a clear majority of U.S. workers crave the flexibility of remote or hybrid jobs. And studies have found…
more ...India port workers to go on strike to demand better wages, benefits
CHENNAI — A group of Indian port workers’ unions has called for a strike from Aug. 28 to demand immediate settlement of pay revisions and pension benefits, according to a note…
more ...Fed’s pandemic-era vow to prioritize employment may soon be tested
Washington — Four years after Federal Reserve Chair Jerome Powell made fighting unemployment a bigger priority during the COVID-19 pandemic, he faces a pivotal test of that commitment amid rising joblessness,…
more ...Wall Street week ahead — ‘Soft landing’ hopes are back to lift US stocks after recession scare
NEW YORK — Hopes for an economic soft landing are once again powering U.S. stocks higher, as encouraging data relieve recession worries following a brutal sell-off earlier this month. The S&P…
more ...Eswatini turns to nuclear technology to transform agriculture, health care, energy
Manzini, Eswatini — Eswatini has launched an initiative to achieve sustainable development by harnessing the power of nuclear technology in such sectors as agriculture, health and energy planning. The plan was…
more ...Harris rolls out populist proposals in first economic speech
Raleigh, North Carolina — Kamala Harris unveiled plans for a federal ban on food and grocery “price gouging,” a tax credit that would provide $6,000 per child to families for the…
more ...Harris to roll out populist proposals in first economic speech
WASHINGTON — Kamala Harris is set to unveil plans for a federal ban on food and grocery “price gouging” and assistance of up to $25,000 in down payment support for first-time…
more ...Restaurant with robot servers causes excitement in Nairobi
In Nairobi, a new restaurant is generating business and buzz – not just because of the food, but because of the staff. Robots serving dishes is the main attraction of…
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