Fed to hold fire on interest rates as world economy slows

There is virtually no chance the US Federal Reserve will raise interest rates in the coming week, since policymakers have all but promised to hold their fire as the global economy slows.With inflation still tame as US economic growth decelerates in 2019, econo

UK government warns it might not hold pivotal Brexit vote

economy, business and finance

British leader Theresa May's government warned Sunday it might not hold a planned Brexit vote this week unless it feels it can secure a win that avoids a lengthy delay to pulling out of the EU.London has been paralysed by political inaction and chaos as it ba

'Captain Marvel' clobbers the competition to stay atop box office

economy, business and finance

Female-led superhero movie "Captain Marvel" took in an estimated $69.3 million over the weekend, outearning the combined North American totals of the next nine films, industry watcher Exhibitor Relations reported Sunday.The Disney/Marvel blockbuster had a hu

Ethiopian Airlines crash: What is the MCAS system on the Boeing 737 Max 8?

economy, business and finance

Similarities between the Lion Air and Ethiopian Airlines crashes, confirmed by black box data, have focused attention on an anti-stalling system used in the new Boeing 737 Max 8 aircraft.The Maneuvering Characteristics Augmentation System (MCAS) is an automate

Lyft revs up for an IPO seeking to raise $2.4bn

economy, business and finance

Lyft said Monday it would seek to raise as much as $2.4 billion in its public share offering, in the first major listing in the fast-growing ride-hailing sector.The San Francisco startup could be valued at more than $20 billion under the terms of the initial p

Facebook to offer grants to bring more to 'news deserts'

economy, business and finance

Facebook said Monday it would begin directing some of its funds to support US journalism efforts to so-called "news deserts" with little or no media coverage.The leading social network said its Journalism Project Community Network would begin taking proposal

Macron, on and on... French leader debates for 8 hours

economy, business and finance

French President Emmanuel Macron has set a new personal record for talking during a public appearance by debating for more than eight hours with intellectuals and scientists.For two and half months, the 41-year-old has criss-crossed France for town-hall meetin

Trump ramps up claims of Big Tech bias

economy, business and finance

President Donald Trump stepped up claims of political bias by Big Tech firms Tuesday in a fresh assault on Silicon Valley after one of his key congressional allies sued Twitter claiming it discriminates against conservatives.The latest diatribe from the presid

US negotiators to return to China next week: official

economy, business and finance

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will return to Beijing next week as the United States and China inch toward resolving their trade war, a senior administration official told AFP on Tuesday.The renewed shuttle dipl

NASA says taking sample from asteroid harder than expected

economy, business and finance

After two years crossing the solar system, the NASA space probe Osiris-Rex arrived last December near the asteroid Bennu to complete its mission of collecting a sample -- but touching the rock will prove much harder than scientists had expected.The Osiris-Rex

Investors flee Bayer after second glyphosate trial blow

economy, business and finance

The threat to German chemical giant Bayer and subsidiary Monsanto from US litigation swelled Wednesday, when its share price plunged after a jury ruled weedkiller Roundup was a "substantial factor" in an amateur gardener's cancer.A wave of lawsuits has put

British PM to seek short Brexit delay: report

economy, business and finance

British Prime Minister Theresa May, frustrated with MPs' indecision, will ask Brussels on Wednesday for a short delay to Brexit, the BBC reported, citing a Downing Street official.With lawmakers deadlocked over the way forward on Britain's 2016 referendum de

US Fed resumes meeting with no rate hike expected

economy, business and finance

The US Federal Reserve on Wednesday resumed its second meeting of the year, having all but assured markets it will leave benchmark interest rates untouched.But markets and many economists expect the central bank will cut its median forecast for the number of r

Kushner, Mexican president talk migration and trade

economy, business and finance

Mexican President Andres Manuel Lopez Obrador said Wednesday he met with Jared Kushner, US President Donald Trump's senior adviser and son-in-law, for talks on migration and trade.Lopez Obrador, who wants the United States to fund $10 billion in economic deve

Trump: China tariffs may remain for 'substantial period'

economy, business and finance

US President Donald Trump said Wednesday that US tariffs on Chinese imports could remain in place for a "substantial period," dampening hopes that a new trade agreement would see them lifted soon.Top American trade negotiators are due to travel to Beijing ne

Nike shares fall on slower North American sales growth

economy, business and finance

Nike shares fell on lower sales growth in North America Thursday as the company returned to third-quarter profitability while touting new investments in e-commerce and women's athletics.The sports giant scored profits of $1.1 billion in the quarter ending Feb

Toxicologist denies manipulating studies in Monsanto damages proceedings

economy, business and finance

A toxicologist from Roundup weedkiller manufacturer Monsanto denied Friday that she had influenced scientific studies to hide the dangers of the product, in the damages phase of a trial in California. One of the lawyers for the plaintiff -- a 70-year-old retir

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Iraqi Kurds commemorate Halabja massacre

Hundreds of Kurds gathered in the Iraqi town of Halabja on Saturday in a tearful ceremony commemorating Saddam Hussein's poison gas attack there which killed some 5,000 people, mostly women and children.On March 16, 1988, Saddam's forces unleashed a cocktail

Far-right funeral in east Germany draws hundreds of mourners

Hundreds of black-clad mourners turned up at the funeral of a neo-Nazi figure in eastern Germany's Chemnitz, with police out in force to ward off any violence in a city previously rocked by far-right rioting.There was no overt display of neo-Nazi insignia by

Brazil's Bolsonaro heads to US to cement an alliance with Trump

Brazilian President Jair Bolsonaro left for Washington on Sunday to meet with his US counterpart Donald Trump and cement a budding conservative-populist alliance that, in part, aims to ramp up pressure on Venezuela.The far-right leader flew out of Brasilia ear

Grand slammers Wales fire out World Cup shot after smashing Ireland

A ruthless Wales fired out a raking World Cup warning shot after gutting a misfiring Ireland 25-7 to win the Six Nations Grand Slam on Saturday.A blistering start saw Hadleigh Parkes gather a Gareth Anscombe chip for the opening try before most people in the P

Afghanistan beat Ireland for 'historic' first Test victory

Afghanistan claimed their first ever victory in Test cricket Monday, beating fellow newcomers Ireland in what captain Asghar Afghan hailed as a historic day for the war-torn country.Afghanistan and Ireland both achieved full member status of the International

2020 hopeful Beto O'Rourke rakes in record $6.1 mn on Day 1

Democrat Beto O'Rourke pulled in a record $6.1 million in the 24 hours after announcing his US presidential run, outraising the crowded field of challengers to Donald Trump in 2020.The former congressman from Texas, who rose to national prominence last year w

Remote Cape with 'world's cleanest air' offers smog respite

As much of Asia wheezes, coughs and sniffles its way through another smog season, one isolated and windswept corner of Australia is serving as the global standard for clean air.With panoramic views of swaying tussock grass and the vast crystalline expanse of t

'Hello brother': Words that countered a gunman's hate

"Hello brother." The warm-hearted words an elderly Muslim reportedly used to greet a white supremacist gunman have become Christchurch's answer to his volley of hate. Mohemmed Daoud Nabi, a 71-year-old from war-torn Afghanistan, was buried on Thursday. But

Rags-to-riches Skoda mulls post-Brexit sales woes

Once the butt of jokes, Czech-made Skoda cars have won over Brits, but the UK's looming exit from the European Union could deal a heavy blow to the brand and the entire Czech economy.Britain is the fifth largest export market for the Czech Republic, an EU mem

Forget flying carpets, flying taxis are coming your way

We've all dreamed while stuck in traffic jams of being able to just lift off and fly over the gridlock. According to experts gathered this week at the South by Southwest festival in Austin, Texas, that is likely to happen sooner than later, with flying taxis

Trump favorite Fox News hires ex-Democrat leader Donna Brazile

Former Democratic National Committee leader Donna Brazile agreed Monday to become a commentator for Fox News, in a move highlighting how American politics can make truly strange bedfellows. Brazile, who has served as interim DNC chair, will be joining the cabl

Oil producers to decide in June on extending cuts

Major oil producers led by Saudi Arabia agreed Monday to keep working together to prop up crude prices, but said they would decide only in June on whether to extend production cuts.Meeting in Azerbaijan's capital Baku, members of the OPEC+ alliance said they

Australian watchdog to probe broadcast of NZealand gunman livestream

Australia's media watchdog launched a formal investigation Monday into the possible breach of rules by networks which broadcast or put online images from a livestream of the New Zealand mosque massacre.Some Australian outlets used clips or images taken from t

With streaming move, Google eyes future of gaming

Google is looking to transform internet-age game play, with an expected launch of a streaming service which uses the tech giant's power in the internet cloud.Expected Tuesday is the debut of a ramped-up version of a cloud gaming platform Google tested recentl