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US firms have only few days supply of semiconductors: govt
American companies have an average of less than five days worth of semiconductors on hand, a level leaving them vulnerable to production shutdowns if supply is disrupted, the Commerce Department said Tuesday.
Wall Street slumps as Fed meets, Europe rebounds
Wall Street stocks sank on Tuesday as the Federal Reserve began a two-day monetary policy meeting, while European stocks rebounded.
Casino operator to develop 'gaming' resort in UAE
A US-based casino operator on Tuesday announced plans to develop a multi-billion-dollar resort off the coast of the United Arab Emirates, a Muslim state in the Gulf where gambling is prohibited.
US consumers slightly more hopeful about inflation, economy: data
American consumers were feeling less confident in January amid elevated prices and a Covid-19 resurgence, but their views of the economy and inflation were growing more positive, a survey released Tuesday showed.
European stocks rebound, Wall Street sinks as Fed meets
Wall Street stocks sank at the start of trading on Tuesday as the Federal Reserve began a two-day monetary policy meeting, while European stocks rebounded.
Fed begins meeting to fight inflation as markets tremble
The Federal Reserve began Tuesday a policy meeting in which central bankers are expected to further signal which weapons they plan to use against inflation and when, amid a selloff on Wall Street that appears set to continue.
Istanbul permits first flights after snow pummels Mediterranean
Europe's busiest airport in Istanbul welcomed its first flight in 24 hours on Tuesday and Greece declared a public holiday as the eastern Mediterranean neighbours began digging out of a rare snowstorm that ground their capitals to a halt.
GE sees revenues rising in 2022 after drop in Q4
General Electric reported a drop in fourth-quarter revenues Tuesday on a mixed performance across its industrial businesses but projected higher sales in 2022 despite inflation.
Freight lobby urges UK-France talks to ease port queues
A leading UK freight lobby group has urged the British and French governments to hold talks to ease miles-long backups at Channel ports that have been blamed on Brexit.
European equities rebound as Fed meets
European stock markets rebounded Tuesday, shrugging off steep Asian losses on the eve of a Federal Reserve monetary policy decision and after tumbling the previous day on Ukraine tensions and US rate hike fears.
Central Asia hit by large-scale power blackout
An electricity grid accident left millions of people in three Central Asian countries without power on Tuesday, idling subway trains, disrupting flights and trapping people in lifts.
Istanbul airport stays shut as snow pummels Mediterranean
Europe's busiest airport in Istanbul delayed its reopening on Tuesday and Greece declared a public holiday as the eastern Mediterranean neighbours began digging themselves out of a rare snowstorm that ground their capitals to a halt.
'Heating or eating': Britons struggle with rising costs
Nestled amid superstores at a retail park, the Colchester Foodbank in eastern England last year gave out a total of 165 tonnes of food -- enough to feed 17,000 people.
Olympic 'curse' strikes again as Beijing costs mount
The "curse" of Olympic overspending looks set to strike again at the Beijing Games, with stringent Covid measures and loss of ticket sale revenues pushing up costs for China.
Israeli firm develops body cams with facial recognition
Twenty years after he planned the controversial barrier between Israel and Palestinians, Dany Tirza is developing a security tool that requires no cement: body cameras with facial recognition technology.
Stuck at the US-Mexican border, two migrants find solace in love
As they linger, trapped at the US-Mexico border, the young Nicaraguan man and Guatemalan woman say it is love that has helped them hang on to their American dream despite the pain of a long, anxious wait.
Forget working from home -- why not live in an old office?
Blocks from the White House, an unassuming edifice in downtown Washington that once held offices used by the US Department of Justice is set to be converted into homes for hundreds of people.
Fed sharpens inflation-fighting tools as rate hikes near
The Federal Reserve has its inflation-fighting weapons ready to fire, and when the US central bank's policy committee convenes this coming week, the focus will not be on whether they will pull the trigger but rather how many times.
Peru declares 'environmental emergency' on coastal area hit by oil spill
Peru on Saturday declared an "environmental emergency" along a stretch of coast hit by an oil spill caused by freak waves from a volcanic eruption in the South Pacific.
French lone Atlantic rower drops off map
A 75-year-old Frenchman attempting to row across the Atlantic, has not given any sign of life since early Friday when he was near the Portuguese archipelago of Madeira, his friends said Saturday.
Taliban warn against dissent, women's rights activism
Afghanistan's new Taliban authorities warned Saturday they have the right to crack down on dissent and jail protesters, as concerns grew over the disappearance of two women activists.
US suspends 44 passenger flights to China operated by Chinese carriers
The United States announced Friday that it was suspending 44 Chinese passenger flights from America to the Asian giant in response to restrictive moves by Beijing on US carriers under its Covid-19 protocols.
Netflix sinks as Wall Street flees 'stay-at-home' stocks
One day after shares of at-home fitness company Peloton tumbled, Netflix found itself in Wall Street's hot seat Friday as markets reassess the diminishing growth prospects of so-called "pandemic stocks."
EU nations quarrel over whether nuclear, gas are 'green'
Hours before the window for lodging objections closes, EU environment and energy ministers meeting in France Friday differed sharply on a European Commission provision that would classify nuclear and natural gas energy as "sustainable".
Biden hails Intel's $20 bn chip plant investment amid shortage
President Joe Biden on Friday praised Intel's plans to spend $20 billion on a new US semiconductor facility, hailing the "historic" investment even as a global chip shortage fans the inflation wave weighing on his leadership.
Gas giants' Myanmar exit unlikely to badly damage junta: analysts
The exit of energy titans TotalEnergies and Chevron from Myanmar's billion dollar gas industry has been hailed by rights groups, but analysts say it will not significantly weaken the generals and may even enrich the military in the short term.
Intel to spend $20 bn on US chip plants amid shortage
US semiconductor giant Intel on Friday announced a $20 billion investment to build two new semiconductor plants in Ohio, as a global chip shortage fans the inflation wave weighing on Joe Biden's presidency.
Reserve Bank chief will be Chile's new finance minister
Chile's leftist president-elect Gabriel Boric, whose victory at the polls last month unsettled the markets, on Friday named the country's Central Bank governor as his finance minister in a young, diverse and woman-majority cabinet.
Dior designer Kim Jones: 'We live in a bubble'
Kim Jones may be borrowing from Dior's most iconic female looks for his latest menswear collection but that doesn't mean he believes gender boundaries are ready to disappear yet.
UK retail sales suffer record drop on Omicron fears
British retail sales suffered a record drop in December as consumers shunned the high street due to Omicron concerns, having snapped up Christmas purchases the previous month, data showed Friday.
From nightmares to PTSD: Covid stokes UK health care staff crisis
Long shifts working in intensive care and the risk of catching Covid and passing it on to his wife and children left Joan Pons Laplana exhausted.
Airbus cancels Qatar Airways plane order in feud
Airbus has taken the extraordinary step of cancelling a multi-billion-dollar order of 50 planes from Qatar Airways, a major customer, in an escalating feud over the airline's grounding of A350 aircraft.
Samsung pulls Singapore drag queen ad after backlash
South Korean tech giant Samsung has pulled an online advert in Singapore that featured a hijab-wearing Muslim woman hugging her drag queen son after it sparked a backlash from socially conservative corners.
Five do battle for top UN labour job
Five candidates are battling to take over the United Nations' International Labour Organization, winding up two days of hearings on Friday that set out contrasting visions for the ILO's future.
In Texas, driverless trucks are set to take over roads
A giant 18-wheel transport truck is barreling down a multi-lane Texas highway, and there is no one behind the wheel.
Jury selected in US trial of officers involved in Floyd arrest
Former Minneapolis policeman Derek Chauvin is serving 22 years in prison for the murder of George Floyd, a 46-year-old African-American.
Partner of Chile's president-elect draws feminist ire over first lady role
Irina Karamanos, an avowed feminist and partner of Chile's leftist president-elect Gabriel Boric, has drawn fire from women's groups for her decision to accept the "anachronistic" role of first lady.
Quiet car: England to ban loudspeaker 'spam' on trains
UK transport chiefs on Friday said that bothersome on-board train announcements would be cut in a bid to offer more peaceful journeys, a move it dubbed a "bonfire of the banalities".
Adding peanuts to young children's diet can help avoid allergy: study
Including peanuts in children's diets early in life could help stave off allergies against the legume, which can be fatal and affect swathes of youngsters globally, according to a new study Friday.