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S&P 500, Nasdaq at records despite Fed seeing fewer rate cuts in 2024
European and US stocks mostly rose Wednesday after data showed US inflation slowed in May, with Wall Street indices holding onto records even after the Federal Reserve projected fewer interest rate cuts in 2024.
Transgender swimmer Lia Thomas loses legal case over ban
US transgender swimmer Lia Thomas has had a legal case against World Aquatics dismissed by the Court of Arbitration for Sport, swimming's governing body said on Wednesday.
Argentine police pepper spray protesters opposed to Milei reforms
Argentine police used pepper spray Wednesday on demonstrators outside Congress, where lawmakers debated a swath of liberalizing reforms proposed by budget-slashing President Javier Milei.
US Fed holds rates and pencils in just one cut this year
The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March.
Ford says to cut 1,600 more jobs at Valencia factory
US carmaker Ford on Friday said it would seek to cut another 1,600 jobs at its factory near Valencia in eastern Spain, where it already axed 1,100 positions last year.
'Flying taxis' to be tested during Paris Olympics: minister
France's transport minister said Wednesday that so-called "flying taxis" -- large futuristic drones capable of transporting several people -- would be authorised for use on an experimental basis during the Paris Olympics.
FedEx to cut up to 2,000 jobs in Europe
FedEx will eliminate up to 2,000 jobs in Europe as part of a cost-cutting drive in response to lackluster demand, the shipping company announced Wednesday.
Stock markets jump as US inflation cools, with eyes on Fed
Stock markets surged Wednesday after data showed US inflation slowed in May, raising hopes the Federal Reserve will cut interest rates later this year.
France's SNCF to offer high-speed passenger links in Italy
French national rail operator SNCF said Wednesday it planned to offer high-speed passenger services in neighbouring Italy from 2026, competing with rival Trenitalia on its home turf.
US consumer inflation falls ahead of Fed interest rate decision
Fresh US consumer inflation data published Wednesday is unlikely to sway the Federal Reserve's plans to leave its key lending rate unchanged, but could alter how many rate cuts policymakers pencil in for this year.
US consumer inflation falls before Fed interest rate decision
US consumer inflation continued to cool last month, according to US government data published Wednesday, giving the US Federal Reserve some positive news shortly before it publishes its latest interest rate decision.
Olympic anti-racism icon Tommie Smith sees no successors
Famed Olympics protestor Tommie Smith believes modern athletes are less political than before despite the need to continue fighting racism, including in the United States where it "could not get any worse".
European stock markets rebound as focus switches to US
European stock markets rebounded slightly and leading Asian indices closed mixed Wednesday, as attention turned to upcoming US inflation data and the Federal Reserve's interest-rate decision.
Athens Acropolis closes as Greece bakes in heatwave
The Athens Acropolis, Greece's most visited tourist site, was closed to the public during the hottest hours of Wednesday because of a heatwave sweeping the country.
France mourns loss of 1960s icon Francoise Hardy
France mourned the loss of a singular voice and a legend of French song on Wednesday, as the death of Francoise Hardy took one of the last icons of its 1960s heyday.
Pope Francis to weigh in on 'ethical' AI at G7 summit
Pope Francis will address G7 leaders on Friday on artificial intelligence, an unprecedented appearance that reflects the Vatican's growing interest in the new technology, its risks and rewards.
From swamp to sponge: Berlin harnesses rain in climate shift
In two years' time, a massive hole in the heart of Berlin will become the German capital's biggest reservoir, capturing an increasingly precious resource -- water.
Nigeria's dyed cloth traders feel heat from China, inflation
Despite the rain pelting Balogun market in Lagos, Ajoke takes her time choosing the tie-dye fabric known as adire that she wants to give as a gift.
Asian markets stutter as investors fret ahead of US releases
Worries about upcoming US inflation data and the Federal Reserve's outlook for interest rates permeated Asian trading floors Wednesday, while the euro continued to struggle owing to political uncertainty in Europe fuelled by shock EU election results.
ChatGPT a mentor for Japan's 89-year-old app developer
Japanese 89-year-old Tomiji Suzuki started coding in retirement and is now making apps for the fast-growing elderly demographic, using ChatGPT to fine-tune his skills.
Oil and gas industry hops on generative AI bandwagon
Away from the Microsoft and Googles of the world, a century-old industry -- oil and gas -- is hoping that generative artificial intelligence will make producing petroleum more efficient and easier on its workforce.
European stocks retreat on political unease as Apple lifts Nasdaq to record
European stock markets and the euro tumbled Tuesday amid heightened political uncertainty following weekend election results that bolstered far-right parties, while a rally in Apple shares lifted US stocks to fresh records.
Mexican president-elect says investors have nothing to fear
Mexican president-elect Claudia Sheinbaum said Tuesday that investors had nothing to fear from proposed judicial reforms that have rattled confidence in Latin America's second-largest economy.
European stocks, euro extend losses on hazy political horizon
European stock markets and the euro tumbled further Tuesday as investors faced weeks of political uncertainty after far-right gains in EU Parliament elections that sparked early elections in France.
World Bank upgrades global growth outlook on resilient US economy
The World Bank raised its global growth outlook on Tuesday on the back of resilient consumer spending in the United States, but warned that growth remains weak by historical standards.
European stocks, euro extend losses on political turmoil
European equities and the euro extended a sell-off Tuesday, fuelled by EU political uncertainty, while Asian markets also took a hit as investors looked ahead to inflation data and an interest rate decision in the United States.
French bosses fear far right's vague economic plans
French business leaders have been pitched into fresh uncertainty by snap elections called by President Emmanuel Macron that risk strengthening the far right.
Asian markets mixed ahead of key Fed announcement
Asian markets were mixed Tuesday as traders shifted nervously while awaiting the Federal Reserve's policy decision and the release of US inflation data, while the euro struggled to recover from a sell-off fuelled by political uncertainty in Europe.
Canada faces scourge of rising car thefts
Montreal-area resident Zachary Siciliani discovered recently that his car had simply disappeared -- likely in one of a rash of vehicle thefts in Canada.
Baltimore shipping lane fully reopens after bridge collapse
The Baltimore shipping lane blocked for more than two months after a cargo ship collided with a major bridge in March, sending it crashing into the water, fully reopened on Monday, authorities said.
Vinicius welcomes jail sentence for racially abusive fans
Vinicius Junior welcomed the eight-month prison sentences handed down on Monday to three Valencia fans for racially abusing him during a La Liga match last year.
Frost discovered on top of giant Mars volcanoes
Early morning frost has been detected on the peaks of massive volcanoes on Mars, an unexpected discovery about the dispersal of water on Mars that could one day prove essential for human exploration, scientists said.
Euro knocked by European vote uncertainty
The euro recoiled Monday after a far-right surge in weekend EU polls sparked a general election in France, although analysts believe the single currency will remain resilient.
EU targets UAE telecoms firm in new anti-subsidy probe
The European Union on Monday announced a formal anti-subsidy probe targeting an Emirati telecoms company, the first action under new rules to focus on a foreign bid to buy EU assets.
European stocks, euro stumble on EU vote turmoil
Europe's stock markets and the euro slid Monday after far-right parties performed well in EU elections, prompting French President Emmanuel Macron to call a snap parliamentary poll and plunging the bloc into political turmoil.
Irish PM urged to call early election after surge in support at polls
Ireland's prime minister Simon Harris was being urged Monday to call an early general election to capitalise on a surge in support for the government and a slump for the main opposition in European and local polls.
Fans get 8 months jail for racism targeting Real Madrid's Vinicius
Three Valencia fans were handed eight-month jail terms Monday for racist abuse towards Real Madrid star Vinicius Junior, a court said, in what Spain's La Liga said was the first such conviction in Spain.
Fencing offers teens hope in impoverished Nairobi slum
Along the muddy tracks of a sprawling slum in Kenya's capital Nairobi, scores of teenagers learn how to fence each weekend under Mburu Wanyoike, whose initiative offers hope in a place bedevilled by crime and lack of opportunity.
Thieves ram-raid Chanel store in Paris
Several thieves used a car early Monday morning to ram-raid a Chanel store near the Champs-Elysees avenue in Paris before setting it on fire and fleeing in another vehicle, a police source said.