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JPMorgan Chase profits fall 42%; warns of hit from inflation, Ukraine
JPMorgan Chase reported Wednesday that quarterly earnings tumbled as the banking giant set aside $902 million for bad loans, citing "downside risks" including the Ukraine war and surging inflation.
Stocks mostly fall, oil gains tracking soaring inflation
Stock markets mostly fell and oil prices extended gains Wednesday as investors pored over data showing further spikes to inflation.
iPhone, Macbook makers halt Shanghai production over Covid
Several electronics companies, including iPhone and Macbook makers, have halted production in the Chinese cities of Shanghai and Kunshan, adding to supply chain woes under Beijing's strict zero-Covid measures.
Asian stocks shrug off red-hot US inflation
Many Asian markets made gains Wednesday, despite losses on Wall Street and across Europe sparked by data showing red-hot US inflation.
UK inflation strikes 30-year high
Britain's annual inflation rate soared to the highest level in three decades last month as energy prices rocket, official data showed Wednesday, worsening a cost-of-living crisis.
Bankrupt Sri Lanka asks citizens abroad to send home cash
Sri Lanka urged its citizens overseas to send home money to help pay for desperately needed food and fuel Wednesday after announcing a default on its $51 billion foreign debt.
Yen drops to 20-year low against dollar
The yen hit its lowest level against the dollar in two decades on Wednesday, extending recent falls as the gap widens between Japan's ultra-loose monetary policy and Fed tightening.
Tattoos embellish scars, heal wounds in Brazil
Standing in front of the mirror, Marlene Silva dos Santos admires the new tattoo splashed across her chest, covering the circular surgery scar left by the Brazilian 51-year-old's battle with breast cancer.
iPhone maker Pegatron halts Shanghai production over Covid
Key iPhone maker Pegatron has halted operations at two subsidiaries in the Chinese cities of Shanghai and Kunshan, as global supply chains feel the pinch of Beijing's strict zero-Covid measures.
Mayor exhumed as Ukraine confronts grim cost of war
The funeral of the Gostomel mayor plays out in reverse. His body is pulled out from the ground, the crowd of mourners disperses, then a priest hugs his weeping wife and says a few kind words.
Asian stocks mostly up despite red-hot US inflation
Asian markets mostly started Wednesday with gains, despite a day of losses on Wall Street and across Europe sparked by data showing red-hot US inflation.
For Biden's battered approval, 'nothing else matters' like inflation
Historically low joblessness is the kind of thing American leaders dream of, but President Joe Biden also has nightmarishly high inflation that supporters and opponents alike believe may cost his Democratic Party dearly.
Driverless car stopped in San Francisco puzzles cops
San Francisco police faced an unprecedented problem recently when an officer stopped a car that was driving at night with no headlights on, only to discover there was no one inside.
Nearly 60 dead in South Africa floods
The death toll from floods and mudslides after rainstorms struck the South African port city of Durban and surrounding areas in KwaZulu-Natal province has climbed to 59, authorities said on Tuesday.
Biden accuses Putin's forces of 'genocide' in Ukraine
President Joe Biden for the first time Tuesday accused Vladimir Putin's forces of committing genocide in Ukraine, where Russia was intensifying its campaign to subdue the devastated port city of Mariupol.
US crypto expert jailed 63 months for helping N.Korea
A US cryptocurrency expert was sentenced Tuesday to 63 months in prison for advising North Korea on how to create cryptocurrency services and blockchain technology to circumvent US sanctions over its nuclear program, court officials in New York said.
US stocks fall on latest hot inflation report; oil prices rise
Equity markets in Europe and New York fell Tuesday following another report showing red-hot US inflation, while oil prices pushed higher.
Russia closes on Mariupol as US warns of chemical threat
Russian troops intensified their campaign to take the port city of Mariupol on Tuesday as part of an anticipated massive onslaught across eastern Ukraine that the United States warned might include the use of chemical weapons.
Boeing cuts its order book following Ukraine invasion
Boeing has removed orders for 141 jets from its backlog, mostly due to sanctions placed on Russia in the aftermath of the Ukraine invasion, officials from the plane manufacturer said Tuesday.
Apple chief Cook takes App Store battle to Washington
Apple head Tim Cook attacked moves to regulate his company's App Store in a rare speech in Washington on Tuesday, arguing that new rules could threaten iPhone users' privacy.
Single HPV shot enough for young women: WHO experts
A single vaccine shot against Human Papillomavirus (HPV), which causes cervical cancer, delivers comparable protection for girls and women under 21 as two doses, the WHO's immunisation experts said.
French court jails Chilean for 2016 murder of Japanese ex-girlfriend
A French court on Tuesday sentenced a Chilean man to 28 years in jail for murdering his Japanese ex-girlfriend in 2016 in eastern France, after a high-profile investigation spanning three continents.
Space balloon company offers first look at luxury cabins
A new entrant in the space tourism market promises customers views of the Earth's curvature from the comfort of a luxury cabin, lifted to the upper atmosphere with a giant balloon.
Dubai's DEWA shares soar in Gulf's biggest IPO since 2019
Shares in the Dubai Electricity and Water Authority rose nearly 16 percent on Tuesday in the Gulf region's biggest initial public offering since Saudi oil giant Aramco in 2019.
Women brew brighter future in DR Congo coffee initiative
The afternoon sun beats down on Lake Kivu in eastern Democratic Republic of Congo, where on an island, row after row of coffee bushes are bringing forth a rich harvest of berries.
Crisis-hit Sri Lanka defaults on foreign debt
Sri Lanka announced a default on its $51 billion foreign debt Tuesday as the island nation grapples with its worst economic crisis in memory and escalating protests demanding the government's resignation.
Markets mostly down ahead of key US data
Most Asian and European markets were down Tuesday, after a weak lead from Wall Street and with all eyes on key US inflation data due later in the trading day.
Crisis-hit Sri Lanka defaults on all foreign debt
Sri Lanka defaulted on its $51 billion foreign debt Tuesday as the island nation grapples with its worst economic crisis in memory and widespread protests demanding the government's resignation.
Asia markets mostly down ahead of key US data
Most Asian markets were down Tuesday afternoon, after a weak lead from Wall Street and with all eyes on key US inflation data due later in the day.
Asia markets open lower ahead of key US data
Most Asian markets opened lower Tuesday, after a weak lead from Wall Street and with eyes on key US inflation data later in the day.
Pregnancy trap for workers in controversial Japan scheme
When Vanessa, a worker with Japan's "technical intern" programme, told her supervisors she was pregnant, she says they first suggested an abortion and then pressured her to quit.
Meta tests sale of virtual goods in metaverse
Meta, the parent company of Facebook and Instagram, will give content creators the opportunity to sell virtual items to users in Horizon Worlds, its main platform in the metaverse, the company said Monday.