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Mexican economy shrinks for first time in three years
Mexico's economy suffered its first contraction in three years in the fourth quarter of 2024, official figures showed Thursday, as the country braces for US President Donald Trump's threatened tariffs.
Nostalgia and escapism: highlights from Paris Couture Week
Nostalgia-tinged evening wear, fantasy-fuelled escapism and messages about world peace featured during a packed Paris Couture Week that also saw new changes on fashion's artistic director merry-go-round.
Dubai airport clocks record 92.3m passengers, extending hot streak
A record 92.3 million passengers travelled through Dubai's international airport last year, its operator said on Thursday, extending a post-pandemic tear that exemplifies the city's economic boom.
US economic growth steady in 2024 as Trump takes office
The US economy expanded at a solid clip in 2024, helped by consumer and government spending, official data showed Thursday, signaling its resilience as President Donald Trump takes over the reins.
ECB cuts rate again as eurozone falters, with eye on Trump
The European Central Bank made a fresh interest rate cut Thursday as inflation eases and the eurozone economy flatlines, with a nervous eye on US President Donald Trump's protectionist agenda.
No survivors from plane, helicopter collision in Washington
US officials said Thursday there were likely no survivors after a passenger jet carrying 64 people collided in midair with a military helicopter and crashed into the icy waters of Washington's Potomac river.
France, Germany stall eurozone growth in fourth quarter
Eurozone growth slowed to a halt in the fourth quarter last year, dragged by contractions in major powers Germany and France which were held back by economic headwinds and political instability.
DR Congo leader vows 'vigorous' response as Rwanda-backed fighters advance
DR Congo's president has vowed a "vigorous" military response against Rwandan-backed fighters who have advanced further in the mineral-rich east of the country after seizing most of the region's main city.
European stock markets rise before ECB rate call
European stock markets rose and the euro dipped Thursday, with the European Central Bank expected to cut interest rates as inflation eases and the eurozone economy stalls.
Bodies pulled from Washington river after plane collides with helicopter
A passenger jet carrying 64 people crashed into Washington's Potomac River Wednesday after colliding midair with a military helicopter, with US media reporting multiple bodies pulled from the dark, near-freezing water.
Dubai airport sees record 92.3 million passengers in 2024
A record 92.3 million passengers travelled through Dubai's international airport last year, its operator said on Thursday, underlining the Gulf city's economic boom.
Shell annual profit drops to $16 bn as oil prices fall
British energy giant Shell on Thursday announced a 17-percent drop in annual net profit owing to weaker oil and gas prices as well as asset write-offs.
UK car sector fears for Trump tariffs as output falls
Britain's vehicle production slid below one million units last year as the sector transitions to electric cars, an industry body said Thursday as it warned over US President Donald Trump's tariff threats.
French economy shrinks as political crisis eclipses Olympic boost
The French economy grew 1.1 percent in 2024 but shrank in the fourth quarter as a political crisis gripped the country after a boost from the Paris Olympic Games, official data showed Thursday.
Plane carrying 64 collides with helicopter, crashes in Washington
A US passenger jet carrying 64 people crashed into Washington's Potomac River after colliding midair with a military helicopter on a nighttime training exercise Wednesday, prompting a desperate search for survivors in the dark, near-freezing water.
DR Congo leader says troops mounting 'vigorous' response to M23
DR Congo President Felix Tshisekedi insisted his troops were mounting a "vigorous" response to Rwanda-backed fighters advancing in the country's perennially troubled east and slammed the international community's "silence and inaction".
EU holds auto talks to revive embattled car sector
EU talks to relaunch Europe's embattled car industry are to get underway on Thursday, with automotive CEOs awaited in Brussels to discuss fines and competition from China.
Plane carrying more than 60 collides with helicopter, crashes in Washington
A US passenger plane carrying 64 people crashed into Washington's chilly Potomac River on Wednesday after colliding mid-air with a military helicopter near Reagan National Airport, prompting a major emergency response and the grounding of all flights.
ECB to look past Trump risk and push on with rate cuts
Despite US President Donald Trump's sabre-rattling, the European Central Bank is set to press on with interest rate cuts Thursday as officials increasingly voice confidence that the fight against inflation is on track.
Passenger plane collides with helicopter near Washington airport
A passenger jet from Kansas crashed into Washington's Potomac River after colliding mid-air with a military helicopter near Reagan National Airport, officials said Wednesday, prompting a major emergency response and grounding all flights.
Tesla results miss estimates as company projects 2025 auto volume growth
Tesla reported lower than expected profits Wednesday but confirmed key 2025 benchmarks, saying it will return to sales volume growth and move forward with fully autonomous driving.
Meta posts big profit, aims to take AI lead
Social media giant Meta on Wednesday reported surging profits and revenue for 2024, announcing ambitious plans to expand its artificial intelligence infrastructure in the year ahead.
Brazil central bank hikes interest rate as Lula's woes mount
Brazil's central bank on Wednesday hiked its key interest rate to 13.25 percent in more bad news for leftist President Luiz Inacio Lula da Silva's government, which is struggling to curb high inflation.
Global stocks mixed as market awaits ECB decision
Equity markets were mixed Wednesday as attention turned away from tech stocks to the outlook for monetary policy, with the Federal Reserve holding steady on interest rates ahead of an ECB decision.
Tesla results miss estimates, citing lower vehicle prices
Tesla reported lower than expected profits Wednesday, citing declining vehicle prices as a factor as it projected a return to volume growth in 2025.
US Fed pauses rate cuts, will 'wait and see' on Trump policies
The US Federal Reserve left its key lending rate unchanged Wednesday and adopted a patient "wait and see" approach to Donald Trump's economic policies, in the first decision since his return to the White House.
Rwanda-backed fighters advance into DR Congo after mostly seizing city
Rwanda-backed fighters advanced on a second front in their lightning offensive across eastern DR Congo on Wednesday after seizing control of most of the key city of Goma during heavy fighting with the Congolese military.
US Fed pauses rate cuts, resisting Trump pressure
The US Federal Reserve left its key lending rate unchanged Wednesday, resisting pressure from President Donald Trump to continue with cuts in the first rate decision since his return to office.
Germany's far-right 'firewall' crumbles as migration debate flares
Weeks before Germany's elections, a heated immigration debate inflamed by a deadly knife attack sparked a political earthquake Wednesday when conservative parties for the first time cooperated with the far-right AfD.
With China's DeepSeek, US tech fears red threat
The emergence of the DeepSeek chatbot has sent Silicon Valley into a frenzy, with calls to go faster on advancing artificial intelligence and beat communist-led China before it is too late.
Immigration 'flooding' remark row piles pressure on French PM
Prime Minister Francois Bayrou was at risk on Wednesday of losing the little tacit opposition support he relies on in parliament after suggesting that immigrants were "flooding" France.
Frenchman on trial for killing ex-partner after years of alleged abuse
A Frenchman went on trial Wednesday accused of stabbing to death his former partner, who had filed repeated complaints with authorities over years of abuse and warned that she could end up being killed.