Beijing rebuffs Trump claims over economic slowdown

China on Tuesday rejected claims from US President Donald Trump that it is being forced to make a trade deal because of its slowing economy, as the two sides prepare for more talks.Beijing and Washington have been locked in a stormy trade war that has seen the

Mixed earnings at large US banks as Fed rate cut looms

economy, business and finance

JPMorgan Chase reported record quarterly profits on Tuesday behind strong consumer businesses, but shares were volatile amid worries over expected Federal Reserve interest rate cuts on a day of mixed results by large banks.Wells Fargo also notched higher profi

American consumer spending marches higher in June

economy, business and finance

A spending spree by American consumers continued in June for the fourth straight month, as shoppers took home more new autos and furniture and dined out more frequently, government data showed Tuesday.The healthy June bump in spending pointed to a pickup for t

US manufacturing sinks into recession amid trade wars

economy, business and finance

US manufacturing sunk into recession in June after two consecutive quarters of declines amid President Donald Trump's bitter trade wars and a slowdown in China and other trading partners.The decline comes as the United States enters its 11th year of economic

US senators warn of 'trust' gap over Facebook digital currency

economy, business and finance

US senators Tuesday questioned whether Facebook can be trusted to manage its proposed Libra digital currency in the first public hearing into the plan on Tuesday.The lawmakers were the latest to criticize Facebook's digital coin plan unveiled last month with

Strong consumer business boosts Bank of America earnings

economy, business and finance

Bank of America scored record profits in the second quarter, as strong consumer banking results offset a decline in earnings from trading worldwide.The second-biggest US bank by assets, Bank of America reported Wednesday that profits jumped 10 percent from las

No-deal Brexit looms as race for new British PM wraps up

economy, business and finance

The battle to become Britain's next prime minister enters the home straight on Wednesday with both candidates hardening their positions on Brexit, putting the future government on a collision course with Brussels.Ex-London Mayor Boris Johnson, the favourite t

US Fed sees 'modest' growth despite 'widespread' trade fears

economy, business and finance

Fears that President Donald Trump's trade wars will harm the economy are pervasive, but for now, America keeps chugging along with steady job creation and tame inflation, the Federal Reserve reported Wednesday.Worries about the trade outlook are likely to wei

Buzz Aldrin has landed -- for the Apollo 11 anniversary

economy, business and finance

The suspense had been building for 24 hours: would Buzz Aldrin, the second man to walk on the Moon, show up Wednesday night in Huntsville, Alabama -- nicknamed "Rocket City" for the nearby NASA space flight center?Public appearances by the former astronaut,

India to make new bid to launch Moon rocket on Monday

economy, business and finance

India will make a new bid to launch a landmark mission to the Moon on Monday, a week after aborting lift-off at the last minute because of a fuel leak, officials said.The Indian Space Research Organisation (ISRO) said it had rescheduled the launch of Chandraya

Profit soars for Microsoft fueled by cloud, business services

economy, business and finance

Microsoft on Thursday posted quarterly earnings that trounced expectations, citing growth in partnerships with companies on technology and cloud computing services.The US technology titan, shifting in recent years to business services from consumer tech, repor

Boeing sees billions more in MAX costs as grounding drags on

economy, business and finance

Boeing announced Thursday some $6.6 billion in additional costs because of the 737 MAX crisis, further pressuring profitability as the global grounding of the plane following two deadly crashes drags on.Boeing said that second-quarter earnings would be hit by

S. Korean man kills himself as dispute with Japan escalates

economy, business and finance

An elderly South Korean man died on Friday after setting himself on fire outside the Japanese embassy in Seoul as a bitter diplomatic dispute over wartime forced labour compensation took a fatal turn.The row has seen Tokyo restrict exports of chemicals vital t

Trump attacks US Fed, demands rate cut

economy, business and finance

President Donald Trump attacked the independent US Federal Reserve on Friday, demanding the central bank reverse course and cut interest rates -- something it is widely expected to do this month.In another Twitter outburst, Trump called on the Fed to "Correct

Libya halts loading at key oil terminal as pipeline closed

economy, business and finance

Libya's National Oil Company said it had stopped loading crude at a key government-controlled shipping terminal, declaring "force majeure" after a pipeline closure halted operations at its main oil field.The NOC "hereby declares a state of force majeure on

'Lion King' roars as 'Avengers' closes in on box office record

economy, business and finance

The roar of "The Lion King" rattled the cinematic world Sunday as the new Disney film scored a huge debut in North American theaters with an estimated $185 million for the three-day weekend, industry watcher Exhibitor Relations reported.It was frosting on th

Firefighters struggle against Portugal wildfires as winds pick up

economy, business and finance

Portugal requested the loan of two water-bombing planes on Monday as winds revived massive wildfires in a central region where dozens of people were killed in huge blazes in 2017. Portugal's civil protection agency had said on Monday morning the wildfires wer

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Korean tears at consolation goal in 30-1 world water polo rout

South Korea's female water polo team have lost their first two games at the world championships by an eye-watering aggregate score of 94-1 -- but they celebrated their goal as if they had won gold.After suffering a record 64-0 defeat by Hungary in their Group

Long live the Lion Queen: Beyonce delights with new album

The Bey Hive was feeling the love Friday over Beyonce's release of the album "The Lion King: The Gift," which the pop queen dropped as a sister piece to her new film, a remake of the Disney classic.Beyonce dubbed the 27-track album she curated and produced

Musk shows off progress on brain-machine interface

Futurist entrepreneur Elon Musk late Tuesday revealed his secretive Neuralink startup is making progress on an interface linking brains with computers, and said they hope to begin testing on people next year.Musk has long contended that a neural lace meshing m

Brazil's Petrobras refuses to refuel Iran ships due to US sanctions

US-listed Brazilian state oil giant Petrobras said Friday it will not refuel two Iranian vessels that have been stuck for weeks at a Brazilian port for fear of violating American sanctions.Washington has imposed a slate of sanctions on Tehran and companies wit

Ursula von der Leyen: Merkel loyalist, mother of seven

Passionately pro-European, disciplined and ambitious, German Defence Minister Ursula von der Leyen might have seen her political star fade in Berlin but is now aiming for the top job in Brussels.Once considered a likely successor to Chancellor Angela Merkel, t

For Russian director, facing trial, art is 'resistance'

For Russian theatre and film director Kirill Serebrennikov some one-and-a-half years of house arrest and a serious court case have been no obstacle to artistic creation.Consigned to his Moscow flat as he faced embezzlement charges he strenuously denies, Sebere

Von Braun: Apollo hero, rocket builder for Hitler, father

Wernher von Braun was the rocket engineer who designed the Nazis' dreaded V-2 missile that rained death on Allied cities in World War II, and later the visionary architect behind the Apollo program that put man on the Moon. But to his children, he was also so

Malaysia's 'Phoenix': hijab-wearing wrestler breaking barriers

A hijab-wearing, diminutive Malaysian wrestler known as "Phoenix" cuts an unusual figure in the ring, a female Muslim fighter taking on hulking opponents in a male-dominated world.Dressed in flame-patterned trousers, a black and orange hijab and top, Nor Dia

Strong quake shakes Athens, knocks out phone service

A strong and shallow 5.1-magnitude earthquake jolted Athens on Friday, knocking out phone connections, collapsing a couple of abandoned buildings and causing power outages, as worried residents rushed into the streets."It was a very intense quake, we were ter

France defiant in digital tax showdown with US at G7

France on Wednesday said it would push ahead with its law to tax tech giants that has sparked a row with the United States, saying that an international accord was the only way to solve the dispute.French Finance Minister Bruno Le Maire met US Treasury Secreta

'El Chapo' enters US supermax prison in Colorado

Fallen Mexican drug lord Joaquin "El Chapo" Guzman was locked up Friday at the ADX federal maximum security prison in the US state of Colorado, where he will spend the rest of his days."We can confirm that... Guzman is in the custody of the Federal Bureau o

Iran Guards say they have seized a 'foreign tanker'

Iran's Revolutionary Guards said Thursday they had detained a "foreign tanker" and its crew for allegedly smuggling fuel in the Gulf.The tanker was seized on Sunday "south of the (Iranian) island of Larak" in the strategic Strait of Hormuz, the force's S

Ajax's De Ligt joins Juventus for 75 mln euros: Italian club

Dutch central defender Matthijs de Ligt signed Thursday for Juventus from Ajax for 75 million euros ($84.2 million), the Italian champions said.The fee for De Ligt, 19, makes him Juventus' third most expensive signing in their history after the 105 million eu

South American bloc calls for Venezuela elections

South American trade bloc Mercosur called for "free, fair and transparent presidential elections, as soon as possible" in Venezuela, at its summit in Argentina on Wednesday.The presidents of the four member countries signed a statement expressing concern "f