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UK PM 'open' to slavery apology but not reparations

Prime Minister Andy Burnham said Saturday he was "open" to the UK issuing a formal apology for its role in the transatlantic slave trade, but ruled out financial reparations.

黃金白銀與比特幣同步下挫　Coinbase股價跌逾一成

貴金屬及加密貨幣市場雙雙受壓，現貨黃金盤中跌近3%，逼近每盎司3,900美元關口，創一年來新低；白銀跌幅更擴大至5.6%。貴金屬價格大跌，拖累美股礦業股也遭拋售，泛美白銀（PAAS）及科爾黛倫礦業（CDE）跌近7%。同時，全球最大加密貨幣交易所幣安（Binance）發生重大安全事故，據報疑遭黑客入侵，幣安暫停存提款服務，凍結約30億美元資產；幣安重申用戶資金安全，將承擔黑客事件造成的損失。消息打擊加密貨幣市場，比特幣大跌逾5%，跌至約77,000美元，創六星期的低位。

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Stocks mostly fall as markets await aggressive Fed action

Global equity markets mostly fell on Tuesday as markets awaited a key Federal Reserve decision amid rising expectations for an even tougher rate hike than previously telegraphed.

US extends sanctions exemption for energy payments to Russia

Washington said Tuesday it will continue to allow payments to Russia for energy products through December 5, to give European countries time to prepare for a near-total oil embargo in retaliation for Moscow's war on Ukraine.

Tampon shortage latest sign of supply chain issues in US stores

Tampons are the latest product disappearing from store shelves in the United States, another illustration of supply chain problems that are complicating daily life, following the troubling shortage of baby formula.

India all but sinks WTO sustainable fishing deal

India all but sunk the WTO's bid to net a long-sought deal on curbing harmful fishing subsidies when it insisted Tuesday it would only sign up if it is given a 25-year exemption from the restrictions.

More crew of grounded plane prevented from leaving Argentina

The Venezuelan crew of a cargo plane grounded outside Buenos Aires since last week may not leave Argentina, a judge ruled Tuesday after their hotel was raided in a probe into possible Iran terror links.

UK scraps subsidies for electric plug-in cars

Britain on Tuesday axed its £1,500 ($1,800) subsidy for buyers of new plug-in cars as it focuses on other types of electric vehicles, but the news drew anger from the auto sector.

Fed begins meeting with massive hike possible amid price surge

US central bankers opened their two-day policy meeting Tuesday amid a blistering inflation surge that has ignited predictions the Federal Reserve will approve the biggest interest rate hike in more than 27 years.

Heard stands by 'every word' of defamation trial testimony

Amber Heard stands by "every word" of her testimony during the defamation trial against former husband Johnny Depp, she said in an interview released Tuesday.

Musk to face Twitter employees at meeting

Billionaire Elon Musk will address Twitter employees at a meeting this week, the company confirmed Tuesday, in a first since launching his troubled $44 billion bid for the social media platform.

Media giants buy IPL cricket rights for $6.2 billion

India's cricket board said Tuesday it has sold the broadcast rights of the IPL tournament for the next five seasons to global media giants for an eye-popping $6.2 billion.

'Minions' return with hopes of more box office gold

Completely stupid but terribly endearing, the Minions have become one of the most profitable bunch of characters in animation.

Take holiday to grow food, Sri Lanka tells civil servants

Crisis-hit Sri Lanka is asking civil servants to take an extra day off each week to grow crops in their backyards in a bid to forestall a looming food shortage.

Famed Hong Kong floating restaurant towed away after half a century

Hong Kong's Jumbo Floating Restaurant, a famed but ageing tourist attraction that featured in multiple Cantonese and Hollywood films, was towed out of the city Tuesday after years of revitalisation efforts went nowhere.

Families of overdose victims demand action from social media platforms

Families of teens who died after overdosing on drugs they bought through Snapchat and other social media platforms called Monday for tech firms to do more to address the problem.

Keeping China fed as inflation surges brings risk for commodity prices

Bedevilled by high fuel and fertiliser costs, along with a labour crisis driven by Covid-19 restrictions, China risks a smaller autumn harvest that could supercharge demand for commodities just as the world can afford it least.

Lithuania to buy howitzers from France

Lithuania has agreed to buy 18 howitzers from France, both sides' defence ministers announced Monday, as the Baltic country bolsters its arsenal due to Russia's invasion of Ukraine.

VW faces Brazil hearing over dictatorship-era slavery claims

German carmaker Volkswagen faces an audience with Brazilian prosecutors Tuesday over allegations of human-rights violations at a farm it ran during Brazil's military dictatorship, including slave labor, rapes and beatings.

You can't always get what you want: Jagger gets Covid

Rolling Stones frontman Mick Jagger on Monday said he had caught Covid, forcing the band to cancel its latest gig in Amsterdam.

'Bear' market: Inflation fears pummel global stocks

Equity markets dove again Monday, with Wall Street officially entering a bear market as investors bet on more aggressive Federal Reserve rate hikes to address runaway inflation.

Scientists map brain network linked to addiction

Researchers said on Monday they had mapped the network in the brain linked to addiction by studying long-time smokers who abruptly quit after suffering brain lesions.

Major markets tumble on heightened recession fears

Global equities, oil prices and bitcoin plunged Monday on heightened recession fears triggered by runaway inflation.

High stakes as Macron battles to keep parliament majority

French President Emmanuel Macron and his allies on Monday began a crucial week of campaigning to save their parliamentary majority, under threat after a first round of voting that galvanised a newly formed leftwing alliance.

IPL cricket rights battle goes into day three

The battle for broadcast rights for the Indian Premier League reached fever pitch on Monday with global media giants reportedly bidding $5.65 billion to show and stream the hugely popular cricket contest.

Ryanair faces strike in Spain during summer break

Spanish unions called on staff at low-cost airline Ryanair on Monday to hold a six-day strike at the start of the summer holidays, the latest action by aviation industry workers to demand better conditions in Europe.

Major markets dive on heightened recession fears

Global equities, oil prices and bitcoin plunged Monday on heightened recession fears triggered by runaway inflation.

In Milan, Ukrainian designers show off their cultural heritage

With their country mired in war, designers from Ukraine were keen to show their works on the sidelines of Milan's furniture fair, seeking to defend and promote a cultural heritage being ransacked by the Russian army.

Bitcoin slumps under $25,000, lowest in 18 months

Bitcoin tumbled Monday to an 18-month low under $25,000 as investors shunned risky assets in the face of a vicious global markets selloff, months after the cryptocurrency hit a record high.

Markets dive on inflation woes as dollar spikes against yen, rupee

Markets tumbled in Asia and Europe on Monday to extend a global rout while the dollar soared after a forecast-beating US inflation print ramped up bets on a more aggressive campaign of Federal Reserve interest rate hikes.

UK economy shrinks for second month in a row

British economic output declined for a second month in a row in April, weighed down by decades-high inflation, official data showed Monday.

Markets track Wall St plunge on inflation woes, dollar rallies

Markets tumbled in Asia on Monday to extend a global rout while the dollar soared after a forecast-beating US inflation print ramped up bets on a more aggressive campaign of Federal Reserve interest rate hikes.

Yen slides to 24-year low against dollar

The yen plunged to its lowest level against the dollar since 1998 on Monday as sky-high US inflation fuels a widening monetary policy gap between Japan and the world's largest economy.

Google pays $118 mn to settle gender discrimination suit

Google said on Sunday that it was "very pleased" to be settling, without admission of wrongdoing, a class-action lawsuit that argued it underpaid female employees and assigned them lower-ranking positions.

The China Mail - Economy (English)