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Lula pushes mega-oil project as Brazil prepares to host COP30

Brazil's president this week amped up pressure for a major oil project to go ahead at the mouth of the Amazon River, despite criticism from environmentalists as the country prepares to host UN climate talks in November.

S. Africa condemns 'misinformation' after Trump freezes aid

South Africa on Saturday condemned a "campaign of misinformation" after US President Donald Trump issued an order freezing aid to the country over a law he alleges allows land to be seized from white farmers.

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Sri Lanka's president to quit after chased from home

Sri Lankan protesters refused to budge from President Gotabaya Rajapaksa's residence on Sunday after storming his home, forcing him to flee with the navy and to announce his resignation.

War fatigue, Europe inflation hit Ukraine aid response

Ruslana Hrytskiv has helped "dozens, maybe hundreds" of refugees since Russia invaded Ukraine, but her task is getting tougher as war fatigue sets in and Europe battles soaring prices and record inflation.

Levelling up the UK: 'I'll believe it when I see it'

In Redcar, northeast England, the remnants of the nearby Teesside Steelworks are an enduring sign of the town's proud former place at the heart of industrial Britain.

Fixing the UK's wealth divide: flagship policy veers off-track

Every 10 to 20 minutes a train rolls into Bradford's main station. On the platform, the driver then gets out and walks to the other end of the carriages before continuing the journey.

Musk's hyperloop still captivates despite decade of setbacks

A decade ago, Elon Musk proposed a new form of transport that would shoot passengers through vacuum tunnels in levitating pods at almost the speed of sound -- he called it "hyperloop".

Hot water wells in Hungary fuel switch from Russian gas

At plants painted with birds and hedgehogs, hot water from deep underground is being channelled to produce energy and heat for thousands of households in Hungary's third largest city Szeged.

Twitter's future uncertain as it faces messy breakup with Musk

Courted and then jilted by the world's richest person, Twitter looks well positioned to win a court battle with Elon Musk over a $1 billion breakup fee and more -- but the company will not emerge unscathed.

Sri Lanka's president to resign after being chased from home

Sri Lanka's President Gotabaya Rajapaksa announced his resignation on Saturday, hours after a crowd of angry protesters chased him from his residence, as months of frustration brought on by an unprecedented economic crisis boiled over.

Jabeur still Tunisia's pride despite Wimbledon loss

Hailing her as the "nation's pride" and "ambassador of happiness", Tunisians remained enthralled with tennis star Ons Jabeur Saturday, celebrating her presence in the prestigious Wimbledon final despite her loss.

Sri Lanka protesters set prime minister's home alight, president flees

Sri Lankan protesters set the prime minister's private home on fire, hours after chasing the president from his residence, as months of frustration over an unprecedented economic crisis boiled over on Saturday.

Mexican ex-president linked to brutal repression dead at 100

Former Mexican president Luis Echeverria Alvarez, known for brutal repression of political opponents, has died at the age of 100, the government said Saturday.

UK to investigate Jabeur family lack of Wimbledon visas

Britain's embassy in Tunisia said it will investigate after Ons Jabeur told the BBC website that fami1y members did not have visas to watch her play in the Wimbledon final on Saturday.

Macau closes casinos, most businesses as Covid outbreak worsens

Macau on Saturday announced a weeklong shutdown of its casinos and non-essential businesses as the Chinese gambling hub confronted its worst coronavirus outbreak yet.

Sri Lanka leader flees as protesters storm home

Sri Lanka's President Gotabaya Rajapaksa fled his official residence on Saturday shortly before protesters, angered by an unprecedented economic crisis, stormed and overran the compound.

Elon Musk: smasher of elites or self-serving pragmatist?

He has scorned organized labor, mocked political correctness and espoused small government -- so conservatives may be disappointed that he wants to pull out of his deal to buy Twitter.

Elon Musk pulls out of Twitter purchase

Elon Musk pulled the plug on his $44 billion deal to buy Twitter on Friday, accusing the company of "misleading" statements about the number of fake accounts, a regulatory filing showed.

US shares flat on strong job growth, euro closes in on dollar parity

Global stock markets finished mostly higher Friday, though Wall Street was flat following a surprisingly strong jobs report, while the euro was near parity with the dollar as traders bet on the prospect of a eurozone recession caused by soaring inflation.

Morocco 'detains' employees of French tycoon accused in sex case

Several employees of French insurance tycoon Jacques Bouthier, under arrest in Paris on charges of raping a minor, have been placed in Moroccan custody, a lawyer for the plaintiffs said Friday.

Fed's Brainard says recent upheavel shows need for crypto rules

Recent upheaval in the cryptocurrency markets shows the sector is subject to similar risks as conventional investments, underscoring the need for regulation to protect against the "false allure" of a quick profit, Federal Reserve Vice Chair Lael Brainard said Friday.

Item A on next British PM's agenda: inflation crisis

Prime Minister Boris Johnson's government is in suspended animation, including on economic policy, just as a cost-of-living crisis worsens for millions of Britons.

US sees big job gains in June, fueling inflation worries

The US economy added far more jobs than expected in June and wages rose, adding fuel to worries about accelerating inflation, but giving President Joe Biden a reason to cheer.

US sees big job gains in June, fueling inflation wories

The US economy added far more jobs than expected in June and wages rose, according to government data released Friday which could fuel fears about accelerating inflation.

Angola's ex-president Dos Santos dies in Spain

Jose Eduardo Dos Santos, who ruled Angola for with an iron fist for 38 years, died Friday at a hospital in Barcelona after suffering cardiac arrest, the government said.

Angolan Dos Santos's crumbling family business empire

Critics of Angola's former president Jose Eduardo dos Santos, who died Friday, accused him of stripping the country of much of its vast oil wealth to enrich himself and his family.

Biden moves to protect privacy after abortion ruling

US President Joe Biden, under pressure to take a harder line on defending abortion access, will sign an executive order Friday offering fresh but limited measures to bolster women's reproductive rights.

Euro closes in on dollar parity, yen up after Abe murder

The euro neared parity with the dollar on Friday, as traders bet on the prospect of a eurozone recession caused by soaring inflation.

Asian stocks up as recession fears ease, yen rises after Abe shooting

Asian markets rose Friday on easing recession fears with optimism boosted by hopes that Joe Biden will remove some Trump-era tariffs from Chinese goods.

Argentina turmoil sparks panic buying and price hikes

A political crisis in inflation-ravaged Argentina that was sparked by the economy minister's resignation has spooked markets and generated fears resulting in panic buying and hasty price hikes, as the informal exchange rate soars.

Asian stocks extend global rally as recession fears ease for now

Asian markets rose Friday on easing recession fears, while there were growing hopes that Joe Biden will remove some Trump-era tariffs from Chinese goods.

Australia seeks end to trade rows in China meeting

Australia will press China to end trade "blockages" Friday as the two nations seek to defrost icy relations with their first foreign ministers' meeting since 2019.

After war, Syrians in Jordan find joy and jobs in dance

Singing joyfully to beating drums, Syrian refugees who fled brutal civil war perform traditional "Arada" dances in neighbouring Jordan, honouring their home culture and earning extra income.

Back from the dead, VHS tapes trigger a new collecting frenzy

Long relegated to an obscure corner of the collectibles market, VHS tapes have been fetching eye-popping prices at auctions in recent months, thanks to nostalgia and an appetite for new investment opportunities.

Long hop from Nicaragua to US for frogs and spiders sold as 'pets'

With great care, Yesenia Talavera transfers a tiny frog from a plant, where it was sleeping, to a plastic container with breathing holes, a moist sponge, and some room to jump.

British pound rallies on Johnson resignation, global stocks gain

The British pound rallied Thursday on British Prime Minister Boris Johnson's resignation as leader of the Conservative party, while Wall Street indices advanced for a fourth straight session.

Canada posts largest trade surplus in 14 years

Canada posted in May its largest trade surplus since 2008, riding a surge in oil prices as Western nations imposed energy sanctions on Russia, the government statistical agency said Thursday.

Elizabeth Holmes ex-boyfriend convicted of Theranos fraud

A top aide and ex-boyfriend of fallen Theranos founder Elizabeth Holmes was convicted on Thursday of defrauding investors and patients at the failed blood testing startup.

Russia grinds towards Sloviansk, Putin says bigger offensive may come

Russian forces left a trail of destruction Thursday while seeking to push deeper into the eastern Donbas region, as the Kremlin warned its campaign had not yet started in earnest.

British Airways says Heathrow strike off

A strike by British Airways staff at London Heathrow Airport this summer has been called off after an improved pay offer, trade unions said Thursday.

Volkswagen takes on US, China rivals with battery factory

Volkswagen celebrated Thursday the beginning of work on its first in-house battery factory, as the German auto giant looks to head off competition from US and Chinese electric vehicle upstarts.

The Japan Times - Economy (English)