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Tunisia sets sights on becoming world's top seawater therapy spot

With a Mediterranean coastline, natural thermal springs, clement weather and affordability, Tunisia has become the world's second-largest destination for seawater-based treatments known as thalassotherapy.

Asian stocks dive, dollar rallies as Year of the Snake starts with bite

Asian stocks tanked and the dollar surged Monday after Donald Trump signed off huge tariffs on China, Canada and Mexico, and warned the European Union would be hit "pretty soon".

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Asian markets fall again, oil builds on gains as Ukraine war rages

Asian markets mostly fell again Tuesday as investors try to assess the economic impact of the Ukraine war, while oil prices extended gains after rocketing to a near 14-year high.

Petrobras share prices plunge after Bolsonaro criticism

Shares in Brazilian oil company Petrobras plummeted more than seven percent Monday after President Jair Bolsonaro criticized the organization's pricing policy in the face of rising crude prices due to the war in Ukraine.

'Chemical recycling' of plastic slammed by environmental group

Most plastic "advanced recycling" plants in the United States aren't actually recycling plastic but instead converting it into a dirty fuel, while producing toxic waste in low-income communities, a study by a leading environmental group said Monday.

Russians brace for sanctions as their favourite shops close

Yulia Shimelevich hurries to stock up on imported food for her cat and dog as it may soon disappear from Moscow shelves with the onslaught of sanctions from Western capitals on Russia over Ukraine.

Anti-competitive practices lower US wages by 20%: Treasury

The decline in unionization and moves by employers to stop workers from changing jobs have undermined competition in the US labor market, lowering American salaries by 20 percent, the Treasury Department said Monday.

Boeing halts titanium purchases from Russia

Boeing said Monday it will no longer buy titanium from Russia and instead will rely on inventories and alternative suppliers for airplane production.

Bali eases quarantine, visa rules in re-opening push

Bali on Monday scrapped quarantine for vaccinated tourists from more than 20 countries and reintroduced visas on arrival as the Indonesian holiday island pushes ahead with re-opening after two years of Covid curbs.

Cricket's Warne died of 'natural causes': autopsy

Cricket superstar Shane Warne died of natural causes, Thai police said Monday, as his family lamented a "tragedy we will never come to terms with".

Former India stock exchange boss arrested in mystic scam

The former chief executive of India's National Stock Exchange has been arrested, officials said Monday, in a bizarre corporate misgovernance scandal featuring a supposed Himalayan yogi.

China exports up 16.3% as trade with Russia surged

Chinese exports in January and February rose a combined 16.3 percent on surging global demand and a spike in trade with Russia in the run-up to the war in Ukraine, according to customs data released on Monday.

Virus chaos pushes more expats to join Hong Kong exodus

For the last eight years Mathilde and her family have called Hong Kong home, but as the coronavirus tears through the city they are joining an exodus of foreign workers looking for an escape route.

'Nightmare' of underage marriage for Moroccan girls

Nadia was just 16 when she was married off to a violent husband old enough to be her father -- an ordeal thousands of Moroccan girls face every year due to a legal loophole.

Unemployment, pay gap, instability the pandemic legacy for Peru's women

When the pandemic struck Peru and forced the economy to shut down in an attempt to stop the spread of the coronavirus, women were some of the hardest hit.

Thousands march in El Salvador to demand abortion rights

Around 2,000 women marched in El Salvador's capital on Sunday to demand the legalization of abortion and a decrease in the killings of women in the Central American country.

Newest 'Batman' soars to huge opening in N.American theaters

Warner Bros.' dark new film "The Batman" has soared to the top in North American theaters to become the year's first film to exceed $100 million in its opening weekend, industry analysts said Sunday.

US, Europe mulling bans on Russian oil imports, Blinken says

The United States said Sunday it was in "active discussions" with European nations about banning Russian oil imports as further economic penalty against Moscow for invading Ukraine, but stopped short of announcing an outright boycott.

ECB reckons with impact of war on eurozone's doorstep

Russian President Vladimir Putin's invasion of Ukraine has added an extra layer of complexity to the decisions facing European Central Bank policymakers as they meet on Thursday.

America is finally cleaning up its abandoned, leaking oil wells

Bill Suan bought his family's cattle farm in the mountains of West Virginia a decade-and-a-half ago with little thought for the two gas wells drilled on the property -- but then they started leaking oil onto his fields and sickening his cows.

Visa, Mastercard suspend operations in Russia

Card payment giants Visa and Mastercard announced Saturday they will suspend operations in Russia, the latest major US firms to join the business freeze-out of Moscow over its invasion of Ukraine.

Russia-Ukraine conflict escalation would cause 'devastating' economic damage: IMF

The IMF warned on Saturday that the already "serious" global economic impacts of the war in Ukraine would be "all the more devastating" should the conflict escalate.

Russia's Aeroflot says halting all flights abroad from March 8

Russia's flagship airline Aeroflot said Saturday that it was suspending all its international flights beginning March 8, as Moscow faces waves of Western sanctions over its military incursion in Ukraine.

IAEA chief in Iran for talks seen as key to nuclear deal

The UN nuclear watchdog's chief held high-level talks in Tehran on Saturday that are seen as crucial in efforts to revive the 2015 nuclear deal between Iran and world powers.

Neutral Switzerland's economy shaken by sanctions on Russia

Switzerland's newly adopted tough stance on Russia has forced the Swiss economy to readjust to sanctions, blowing a wind of panic through the raw materials market in particular.

Volkswagen plans 2 bn euro electric car plant in Germany

German auto giant Volkswagen said on Friday it had approved a 2 billion euro investment in a new electric car plant, as it seeks to overhaul its business in the face of stiff competition from US rival Tesla.

Facebook says Russia block 'cuts off millions' from reliable information

Facebook attacked Russia's block on Friday of the dominant social media network, saying the move will cut millions off from reliable information and a forum to share their views.

Californians resigned as gasoline prices spike

Californians filling up their cars on Friday winced at the spiraling cost of gasoline, but largely shrugged as residents of the state that has long had the highest gas prices in the United States.

Ed Sheeran in 'Shape of You' copyright dispute

British singer-songwriter Ed Sheeon ran attended London's High Court Friday as a copyright trial opened over allegations that his hit song "Shape of You" lifted musical phrases from another track.

Stocks sink, gas and oil prices soar over escalation fears in Ukraine

Global stock markets fell across the board Friday and energy prices soared as investors feared the risk of an escalation after Russia attacked the largest nuclear power plant in Ukraine.

Tesla finally gets green light to start production in Germany

After getting snarled up in German red tape, US electric car pioneer Tesla got the final go-ahead from authorities Friday, paving the way for production to begin shortly at its "gigafactory" outside Berlin.

Brazil exits recession, but faces tough year

Brazil exited recession in the fourth quarter, the government said Friday, though weak growth and high inflation still dog Latin America's biggest economy as President Jair Bolsonaro gears up to seek re-election in October.

US adds 678,000 jobs in February amid pandemic recovery

The US economy saw a hiring surge in February, the government reported Friday, edging the jobless rate closer to the pre-pandemic level as hard hit sectors recover from the impact of Covid-19.

Microsoft 'suspends' new sales of products, services in Russia

Microsoft is halting new sales of its products and services in Russia, the tech giant announced Friday, in the latest fallout over Moscow's invasion of Ukraine.

Ukraine: a nuclear-powered nation under fire

The Russian shelling of Zaporizhzhia nuclear power plant in Ukraine -- the largest in Europe -- has sparked international outrage and fears over the country's 15 operational reactors.

Outrage as Russians attack Ukrainian nuclear plant

Ukraine accused the Kremlin of "nuclear terror" and the West expressed horror on Friday after Europe's largest atomic power plant was attacked and taken over by invading Russian forces.

More than 1.2 million refugees flee Ukraine

More than 1.2 million people have fled Ukraine into neighbouring countries since Russia launched its full-scale invasion on February 24, United Nations figures showed Friday.

As Ukraine pushes oil over $100, Nigerians see mixed blessings

Weaving in between the Lagos traffic, hawkers selling plantain snacks and water more recently offer drivers another treat: jerry cans filled with petrol to help with fuel shortages.

Polluting drivers may have to pay in all of London

A road-charging scheme targeting more polluting cars in London could be expanded to cover the entire metropolitan area of the British capital, the city's mayor said Friday.

Beijing wary of extending economic lifeline to Russia

An isolated Russia could be driven further into China's arms economically in the wake of sanctions imposed over the invasion of Ukraine, but Beijing appears wary of offering a warm embrace.

Sony and Honda plan joint electric vehicle firm

Sony is teaming up with automaker Honda to start a new company that will develop and sell electric vehicles, as the Japanese tech and electronics giant leaps into the rapidly growing sector.

The Japan Times - Economy (English)