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US stocks slide on tariff fears, inflation expectations

US and European shares fell Friday, with a cooler US jobs report and higher inflation expectations capping the end of a volatile week marked by concerns over a trade war.

Trudeau says Trump's Canada annexation threat 'a real thing'

Prime Minister Justin Trudeau told an economic summit Friday that President Donald Trump is serious about annexing Canada to access its natural resources, as his government vowed the country's sovereignty was non-negotiable.

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Police break up Istanbul Pride march, detain over 200

Turkish police on Sunday broke up a banned Pride march in Istanbul, detaining more than 200 demonstrators and an AFP photographer, journalists and organisers reported.

G7 touts $600 bn global infrastructure plan to rival China

The G7 group of rich democracies on Sunday announced an attempt to compete with China's formidable Belt and Road Initiative by raising some $600 billion for global infrastructure programmes in poor countries.

Russian strikes hit Kyiv as G7 meets

Russian strikes hit a residential building in Kyiv on Sunday in the first attack on the capital in almost three weeks, Ukraine said, calling for increased support from G7 leaders meeting in Germany.

Allies 'won't splinter' on Russia, Biden vows at G7

World powers on Sunday agreed to ban gold exports from Russia, kicking off a G7 meeting aimed at taking new steps to deplete Moscow's war chest and bolster Ukraine's defences.

Norway pays tribute to victims of Oslo shooting

Norway paid tribute on Sunday to the victims of a deadly shooting near a gay bar in the capital that shocked the normally peaceful country and led to the cancellation of a Pride march.

Bankrupt Sri Lanka seeks discounted Russian oil

Cash-strapped Sri Lanka on Sunday announced sending ministers to Russia and Qatar to try and secure cheap oil a day after the government said it had all but run out of fuel.

Russia strikes Kyiv residential building ahead of G7 summit

Russian strikes hit a residential building in Kyiv on Sunday, the first attacks on the capital in almost three weeks, sparking calls by Ukraine for more support from G7 leaders meeting in Germany.

Explosions rock Kyiv, as Russians 'fully occupy' Severodonetsk

Explosions rocked Kyiv Sunday morning, a day after a flurry of missiles struck targets across Ukraine and Russian troops "fully occupied" the key industrial hub of Severodonetsk.

Far from home, Russian exiles help Ukrainian refugees

Political science graduate Yevgeny Zhukov used to own a small coffee shop in Moscow, but when the war in Ukraine began he decided to pack up and leave.

Sri Lanka hikes fuel prices as US delegation arrives

Sri Lanka hiked fuel prices on Sunday, creating further pain for ordinary people as officials from the United States arrived for talks aimed at alleviating the island's dire economic crisis.

Sri Lanka hiked fuel prices as US delegation arrives

Sri Lanka hiked fuel prices on Sunday, creating further pain for ordinary people as officials from the United States arrived for talks aimed at alleviating the island's dire economic crisis.

Despite strong summer start, Europe's aviation industry frets

Air traffic is booming this summer, but after European vacations are over will passenger demand hold up?

Inflation a thorn in the side of Bulgaria rose oil makers

Business is not a bed of roses for Bulgaria's rose oil makers these days.

Russians 'fully occupy' Severodonetsk, shift focus to Lysychansk

Russia's army has "fully occupied" the key Ukrainian city of Severodonetsk after weeks of fighting, its mayor said, as Russian President Vladimir Putin pledged to send nuclear-capable missiles to Belarus within months.

Ukraine war robs India's 'Diamond City' of its sparkle

Yogesh Zanzamera lays out his bed on the floor of the factory where he works and lives, one of around two million Indians polishing diamonds in an industry being hit hard by the Ukraine war.

Ukraine, hunger, inflation: G7 leaders navigate myriad of crises

G7 leaders including US President Joe Biden gather on Sunday in southern Germany, seeking emphatic backing for Ukraine against Russia's invasion while grappling with the intensifying global fallout of the war.

Americans seeking abortion get help from Mexico

Facing high medical costs and pressure to reconsider, a single mother living in California turned to activists across the border in Mexico who helped her have an abortion.

Fresh transport strikes hit UK, mainland Europe

Britain's railway system once again came to a virtual standstill on Saturday and flights in Europe were disrupted as strikes in the travel sector hit the continent.

Ukraine reports 'massive' attack from Belarus

Ukraine said it came under "massive bombardment" Saturday from neighbouring Belarus, a Russian ally not officially involved in the conflict, the day after announcing a retreat from the strategic city of Severodonetsk.

Quake-hit Afghan village struggles back to life as aid trickles in

A ruined village in eastern Afghanistan, just 10 kilometres (six miles) from the epicentre of this week's deadly earthquake, is struggling back to life as aid trickles into the isolated region.

Summer travel misery ahead as industry workers in revolt

A spiral of worker strikes in Europe's crucial aviation sector and cancelled flights at a time when millions of travellers are looking to escape for the summer, threaten the sector's tentative recovery.

US sports stars shocked by 'terrifying' abortion decision

Sports stars across the United States reacted with shock and anger on Friday after the Supreme Court's decision to scrap the right to abortion after nearly five decades.

18 migrants die in mass attempt to enter Spain's Melilla

The death toll following a mass attempt by a huge crowd of African migrants to cross from Morocco into Spain's Melilla enclave climbed to 18 on Friday, according to a new Moroccan update.

US recession would be 'necessary price' to defeat inflation: IMF chief

With inflation rising sharply, and the Federal Reserve raising interest rates, the United States is facing an increased risk of a downturn, IMF Managing Director Kristalina Georgieva said Friday.

Abortion access threatened in half of US states

The US Supreme Court's overturning of America's constitutional right to abortion gives all 50 states the freedom to ban the procedure, with nearly half expected to do so in some form.

Indigenous farewell for expert killed in Amazon

Bruno Pereira, the Brazilian Indigenous expert murdered in the Amazon with British journalist Dom Phillips, was given a moving sendoff Friday by members of one of the tribes he had spent his life and work defending.

One justice in US abortion ruling sparks fears for same-sex marriage

A written opinion by one justice in the US Supreme Court's decision to bury abortion rights has ignited fears that other progressive gains, including same-sex marriage and contraception, could also be overturned.

Five migrants die in mass attempt to enter Spain's Melilla

Five migrant were killed and dozens were injured when a huge crowd tried to cross from Morocco into Spain's Melilla enclave on Friday, the latest migrant tragedy at the doors of Europe.

Stocks and oil rally

Global stock markets and oil prices jumped higher on Friday following recent heavy losses on fears that interest rate hikes aimed at cooling decades-high inflation will spark a global recession.

Ukraine forced to cede key battleground city

Ukrainian forces prepared Friday to retreat from the strategic city of Severodonetsk after weeks of fierce fighting, a setback that could pave the way for Russia to seize a larger swath of eastern Ukraine.

Stocks, oil prices push higher

Global stock markets and oil prices rose Friday following recent heavy losses on fears that interest rate hikes aimed at cooling decades-high inflation will spark a global recession.

Ryanair, Brussels Airlines strikes disrupt Europe air travel

Strikes by staff at Ryanair and Brussels Airlines over pay and working conditions on Friday forced the cancelation of dozens of flights in Europe as the busy summer travel season gets underway.

Thousands of migrants storm border fence in Spain's Melilla

Around 2,000 migrants tried to storm the border separating Spain's Melilla enclave from Morocco on Friday, the first such attempted mass crossing into the territory since the two nations mended diplomatic ties in March.

European stocks, oil prices rebound

European stock markets and oil prices recovered Friday following heavy losses this week on fears that interest rate hikes aimed at cooling decades-high inflation will spark a global recession.

Dozens of Suriname villages await aid following unprecedented floods

A boat meanders between the sheet metal roofs of houses in Baling Sula, one of numerous villages in central Suriname hit by devastating flooding.

Recession worries weigh on euro as US stocks advance

The euro retreated against the dollar Thursday as economic data pointed to increased prospects of recession in Europe, while Wall Street stocks finished higher following another volatile session.

Big Oil meeting with US govt cordial but no miracle gas price fix

Biden administration officials and oil industry executives huddled in Washington on Thursday to discuss potential steps to address runaway gasoline prices, and while both sides called the talks constructive, no concrete plans for relief emerged.

Chile workers end strike at world's largest copper producer

Workers at Chile's state mining company Codelco, the world's largest copper producer, called off an open-ended strike Thursday after reaching agreement with the government.

EU grants candidate status to Ukraine as US ships weapons

European Union leaders granted candidate status Thursday to Ukraine and Moldova in a strong show of support against Russia's invasion, as the United States said it was sending Kyiv more high-precision rocket systems.

The Japan Times - Economy (English)