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Asian stocks mixed as tech sector struggles to rebound from selloff

Asian stocks were mixed Monday as investors struggled to recover from last week's tough run fuelled by disappointing earnings from tech titans, while eyes were also turning to the United States ahead of crucial midterm elections.

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Homemade 'DIY' weapons boost Ukraine war arsenal

In a metal workshop in the industrial city of Kryvyi Rih in southern Ukraine, a homemade anti-drone system waits to be mounted on a military pick-up truck.

OPEC+ agrees major oil output cut, Biden 'disappointed'

OPEC and its Russia-led allies agreed on a major cut in oil production to boost crude prices on Wednesday, irking the United States which warned that it would hurt countries struggling with soaring energy prices.

Amid Ukraine war, US flys Russian cosmonaut to ISS

A SpaceX spaceship blasted off from Florida Wednesday, headed for the International Space Station and carrying a Russian crewmate, in a voyage that carries symbolic significance amid the Ukraine war.

WHO probing Indian cough syrup after 66 children die in The Gambia

The World Health Organization (WHO) issued an alert Wednesday over four cough and cold syrups made by Maiden Pharmaceuticals in India, warning they could be linked to the deaths of 66 children in The Gambia.

OPEC+ agrees major oil output cut

OPEC and its Russia-led allies agreed on a major cut in oil production on Wednesday, a move to prop up prices that could bolster sanction-hit Moscow's coffers and irk Washington.

UK rail workers stage latest strike over pay

Train travel in Britain was disrupted on Wednesday by the latest in a string of strikes by railway workers over wages.

Moving on up... or out? UK's PM seeks to soothe Tory faithful

Britain's embattled Prime Minister Liz Truss marched to the lectern for the most important speech of her political career on Wednesday -- accompanied by a song about a bitter break-up.

WC host Qatar sees 'incredible progress' in labour rights: union head

The International Trade Union Confederation chief said Wednesday that Qatar has made a dramatic turnaround in its treatment of foreign workers to become a country fit to host World Cup 2022.

OPEC+ eyes major oil output cut

Ministers from oil exporting countries were expected Wednesday to agree on major production cuts to prop up prices, a move that could irk the United States as economies struggle with energy-fuelled inflation.

Canada trade surplus drops in August to lowest 2022 level

Canada's trade surplus fell in August to Can$1.5 billion (US$1.1 billion) -- its lowest level so far this year -- as both exports and imports slumped, the government statistical agency said Wednesday.

Oil prices rise awaiting OPEC output cut

Oil prices rose Wednesday as OPEC and Russia-led allies prepare to announce a big cut in output.

EU signals shifts towards gas price cap

The EU is "ready to discuss" a price cap on gas within the bloc to bring down soaring energy costs, European Commission chief Ursula von der Leyen said Wednesday.

Musk-Twitter deal: a roller-coaster saga

Elon Musk's pursuit of Twitter was a melodrama from the beginning -- a mercurial billionaire locked in a bitter fight with his favorite social media platform.

In Morocco hills, cannabis farmers bet on budding industry

In the hills of northern Morocco, vast cannabis fields are ready for harvest, but farmers complain that a government plan to market the crop legally is yet to deliver them any benefits.

Hong Kong 'Rick and Morty' fans spot protest codes in new episode

Eagle-eyed Hong Kong fans of the adult cartoon sitcom "Rick and Morty" have spotted oblique references to the city's democracy movement in the latest episode of the cult sci-fi show.

Beaten and robbed: Vietnamese fisherman recounts China attacks

Vietnamese fisherman Nguyen Van Loc has been attacked by Chinese coast guard vessels so many times, he has lost count.

OPEC+ expected to slash oil output

Major oil producers led by Saudi Arabia and Russia were set to meet Wednesday as reports said they were mulling an output cut of up to two million barrels per day in a bid to prop up slumping prices.

Energy crisis feared by Europe long a reality in Iraq

Europe may fear an energy crisis over the coming winter, but for Iraqis an unstable power supply and frequent blackouts have been a reality during decades of war and turmoil.

Equities extend rally on rate hopes, traders await OPEC decision

Asian investors joined their Wall Street and European counterparts in an equity buying spree Wednesday as more data pointing to weakness in the US economy further fanned hopes the Federal Reserve could temper its rate hike campaign.

UK's Truss rejects 'drift and delay' in defiant speech to Tories

Britain's Prime Minister Liz Truss is set Wednesday to close her party's tumultuous annual conference with an unabashed defence of "disruption" to counter economic "drift and delay".

Stocks surge on hopes interest rate hikes will slow

Global stocks gained on Tuesday and the dollar slid amid growing hopes the Federal Reserve could ease its interest-rate hiking plans.

EU pushes to impose Iran sanctions over Mahsa Amini 'killing'

The European Union said Tuesday it was weighing tough new sanctions on Iran over a lethal crackdown on protests sparked by the "killing" of Mahsa Amini, after a similar move by the United States.

US to require extra hour of rest for flight attendants

US authorities will require flight attendants be given an additional hour to rest between trips, according to new rule announced Tuesday.

Atalanta fined for 'racist' chants at Fiorentina owner

Atalanta have been fined 12,000 euros ($11,969) after their fans directed "territorially offensive" chants at Fiorentina owner Rocco Commisso.

Stocks surge on interest rate hopes

Global stocks rallied Tuesday and the dollar mostly slid as weak US data sparked hopes the Federal Reserve could ease its interest-rate hiking plans.

Power blackouts hit 130 million people in Bangladesh

At least 130 million people in Bangladesh were left without power on Tuesday after a grid failure caused widespread blackouts, the government's power utility company said.

Micron unveils new $100 bn New York semiconductor plant

Micron announced Tuesday it will invest up to $100 billion to build semiconductors in New York state, capitalizing on US policies to boost domestic manufacturing of key goods.

Just can't get enough: Depeche Mode back with new album, tour

British electronic music pioneers Depeche Mode announced a comeback on Tuesday with an upcoming new album and their first tour in more than five years, following the death of founding member Andrew Fletcher.

UK's Truss says 'no shame' in climbdown amid Tory tensions

Britain's Prime Minister Liz Truss insisted Tuesday she felt "no shame" and vowed to press on with unpopular economic reforms despite lurching into a self-inflicted crisis just a month into her term.

Shell CEO hints energy firms should pay more tax

Shell's departing chief executive indicated Tuesday that governments should "probably" tax energy firms more to help protect the poorest from rocketing electricity and gas bills and ease the cost-of-living crisis.

Kristen Stewart stars at Chanel show

Actor Kristen Stewart starred in a cinematic tribute by Chanel on the final day of Paris Fashion Week on Tuesday.

EU lawmakers impose single charger for all smartphones

The EU parliament on Tuesday passed a new law requiring USB-C to be the single charger standard for all new smartphones, tablets and cameras from late 2024.

The China Mail - Economy (English)