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US stocks retreat while yen gains on Bank of Japan rate hike

Wall Street stocks retreated Friday as the market's latest rally lost steam, while the yen pushed higher after the Bank of Japan lifted interest rates.

Serbians strike in protest over fatal roof collapse

Thousands of young people took to streets across Serbia on Friday, after student protest organisers called for a general strike over the fatal collapse of a train station roof in November.

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Meta says no sign of AI bedeviling elections in 2024

Meta on Tuesday said fears that artificial intelligence would unleash a torrent of misinformation to deceive voters around the world did not come true as elections played out around the world this year.

China's Xi vows to deepen infrastructure cooperation with Nepal: state media

President Xi Jinping on Tuesday told Nepali Prime Minister Khadga Prasad Sharma Oli that China will offer more support to develop the country's infrastructure, Chinese state media reported.

Biden meets Angola leader in visit showcasing US investment in Africa

US President Joe Biden met his Angolan counterpart Joao Lourenco Tuesday at the start of a two-day visit to the African country centred on a major infrastructure project that showcases US investment on the continent, where rival China is boosting its own interests.

Stocks jump on China hope, euro rebounds

Stock markets and oil prices jumped Tuesday, supported by hopes China will unveil fresh measures to boost the world's number two economy.

Defying headwinds, Germany stocks hit milestone

Germany's blue-chip DAX stock index jumped above 20,000 points for the first time Tuesday following gains on US and Asian markets, defying multiple headwinds battering Europe's biggest economy.

Japan to use AI to tackle online manga and anime piracy

Japan is planning to use AI to police anime and manga pirating websites that the pop-culture powerhouse accuses of costing it billions of dollars in lost revenue every year.

China curbs exports of key chipmaking components to US

Beijing said Tuesday it would restrict exports to the United States of some key components in making semiconductors, after Washington announced curbs targeting China's ability to make advanced chips.

Asian markets mostly rise on China hope, euro hit by France woes

Most markets rose in Asia on Tuesday on hopes China will unveil fresh measures to boost the world's number two economy following reports that authorities will hold a key meeting next week.

China lifts final bans on Australian red meat as trade row nears end

China has fully lifted suspensions on Australian red meat, Canberra said Tuesday, dismantling one of the final barriers in a four-year trade war that hammered US$13 billion of exports.

EU countries to push for outdoor smoking and vaping bans

EU countries are poised to push for stricter anti-smoking rules on Tuesday, backing bans on smoking and vaping in many outdoor areas including playgrounds and cafe patios.

Life demanded for killer in femicide that outraged Italy

A student who admitted murdering his ex-girlfriend in a brutal case that sparked outrage and soul searching in Italy will be sentenced Tuesday.

Trump vows to defend US dollar hegemony, but is it under threat?

US President-elect Donald Trump has threatened retaliation against governments that challenge the US dollar, vowing "100 percent tariffs" on countries that undercut the US currency.

Vietnam court upholds death sentence for property tycoon

A Vietnamese court upheld the death penalty Tuesday for a property tycoon in a multi-billion dollar fraud case -- but said her life could still be spared if she paid back three quarters of the assets she embezzled.

Vietnam property tycoon on death row awaits appeal verdict

A Vietnamese property tycoon sentenced to death in a multi-billion-dollar fraud case arrived in court Tuesday, as she awaits the verdict of her appeal in one of the biggest corruption prosecutions in history.

Trump says will 'block' Nippon Steel from taking over US Steel

US President-elect Donald Trump on Monday said he would "block" a planned takeover of US Steel by Japanese company Nippon Steel, a deal worth $14.9 billion including debts.

Dressing the Church: one of Rome's last clergyman tailors

With a tape measure around his neck and thimble on his finger, Raniero Mancinelli slides a needle into a black cassock with red piping destined for a Catholic cardinal.

Asian markets mixed after US-China chip move, euro hit by France woes

Asian traders shifted tentatively Tuesday as they battled to track another record on Wall Street owing to fresh China-US worries, while the euro extended losses on concerns of political and economic upheaval in France.

Nepal PM kicks off China visit eyeing investment deals

Nepal's prime minister was in Beijing on Tuesday to meet Chinese leaders, seeking to expand infrastructure cooperation after breaking with the longstanding tradition of new leaders making their first official visit to neighbouring India.

Musk's $55.8 bn Tesla pay deal again rejected by US judge

A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote.

Paris stocks wobble, euro falls on France budget standoff

Paris stocks wobbled and the euro fell Monday as a budget standoff in France fuelled concern about the eurozone's second-biggest economy.

Tens of thousands strike at Volkswagen's Germany plants

Tens of thousands of Volkswagen workers went on strike Monday in an escalating industrial dispute, with unions warning that the crisis-hit German auto giant is intent on making mass layoffs and closing factories.

Stellantis says goodbye to 'performance psychopath' CEO

Carlos Tavares, a self-proclaimed "performance psychopath" who drove auto giant Stellantis with aggressive cost-cutting and high car prices, reached the end of the road as CEO when his strategy hit a dead end.

US unveils fresh export curbs targeting China's chip sector

The United States announced new export restrictions Monday taking aim at China's ability to make advanced semiconductors -- used in weapon systems and artificial intelligence -- as competition deepens between the world's two biggest economies.

Paris stocks waver, euro falls on France budget standoff

Paris stocks wavered and the euro fell Monday as a budget standoff in France fuelled concern about the eurozone's second-biggest economy.

French PM at risk in hostile parliament vote

France's Prime Minister Michel Barnier faced being deposed by a hostile parliament Monday when his government presents a social security financing plan that has the opposition up in arms.

Canal blast sparks new stand-off between Kosovo and Serbia

A blast on a canal vital to Kosovo's water and power supplies has sparked a war of words with Serbia, with fears it could further escalate tensions between the two Balkan nations.

From China woes to EV troubles, VW faces rocky road

As Volkswagen seeks to push through a drastic restructuring with billions of euros in cuts, workers nationwide on Monday kicked off what could be a long wave of industrial action.

Paris stocks, euro fall on France budget standoff

Paris stocks and the euro fell Monday as a budget standoff in France fuelled concern about the eurozone's second-biggest economy.

Thousands strike at Volkswagen's Germany plants

Thousands of Volkswagen workers went on strike Monday in an escalating industrial dispute, with unions warning that the crisis-hit German auto giant is intent on making mass layoffs and closing factories.

Delivery firm Glovo riders in Spain to become employees

App-based food delivery firm Glovo's freelance riders in Spain will be hired as employees following pressure from the government to give them labour contracts, its German owners Delivery Hero said Monday.

Asian stocks rise after China data, Paris equities and euro sink

Markets rose across Asia on Monday with traders cheered by healthy Chinese data, while the euro and Paris stocks tumbled as a budget standoff in France fuelled concerns about the eurozone's second-biggest economy.

France's PM risks tumbling in hostile parliament vote

France's Prime Minister Michel Barnier faces the biggest risk yet of being deposed by a hostile parliament as his government presents Monday a social security financing plan that has the opposition up in arms.

The Japan Times - Economy (English)