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Global stocks mainly rise, but London flatlines on recession news

Global stocks mainly rise, but London flatlines on recession news

Eurozone stocks chased Asia and New York higher Thursday as investors cheered bright earnings and mulled the outlook for US interest rate cuts, but London flatlined after it emerged that Britain has fallen into recession, dealers said.

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Azerbaijan planning 'full-scale war', Armenia warns

Azerbaijan planning 'full-scale war', Armenia warns

Azerbaijan is planning a "full-scale war" against Armenia, Prime Minister Nikol Pashinyan warned Thursday, two days after a skirmish on their border left four Armenian troops dead.

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Attack on Russia's Belgorod kills five, governor says

Attack on Russia's Belgorod kills five, governor says

An air attack on the Russian city of Belgorod killed at least five people and wounded 18 others on Thursday, the region's governor said.

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Airbus posts 11 percent profit drop for 2023

Airbus posts 11 percent profit drop for 2023

European aviation giant Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion euros ($4.1 billion) in 2023, with past charges for its space business cutting into earnings.

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UK economy slides into recession ahead of election

UK economy slides into recession ahead of election

Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.

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EU cuts eurozone inflation, growth forecasts for 2024

EU cuts eurozone inflation, growth forecasts for 2024

The European Commission on Thursday cut both its growth and inflation forecasts for the eurozone in 2024, as it warned geopolitical tensions spelled rising uncertainty for the single-currency area's economy.

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Israel strikes southern Gaza, vows 'powerful' Rafah operation

Israel strikes southern Gaza, vows 'powerful' Rafah operation

Israel launched a new wave of deadly strikes on southern Gaza Thursday after vowing to push ahead with a "powerful" operation in the overcrowded city of Rafah despite growing international condemnation.

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Brazil quake city families seek justice in Dutch court

Brazil quake city families seek justice in Dutch court

Residents from a Brazilian city devastated by earthquakes caused by salt mining went to a Dutch court on Wednesday, seeking justice and compensation they say is impossible in Brazil.

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Bayern-bound Oberdorf to become most expensive German female player

Bayern-bound Oberdorf to become most expensive German female player

Bayern Munich on Thursday announced the signing of Lena Oberdorf from rivals Wolfsburg for a reported transfer fee of up to 450,000 euros ($486,000).

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Ex-general Prabowo promises continuity on economic growth for Indonesia

Ex-general Prabowo promises continuity on economic growth for Indonesia

Once a feared general under late dictator Suharto, Indonesia's likely new president Prabowo Subianto now faces the challenge of honouring his campaign pledges to maintain the country's economic growth.

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