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  • US Fed unveils smaller rate hike but signals inflation fight not over

US Fed unveils smaller rate hike but signals inflation fight not over

US Fed Chairman Jerome Powell. — AFP/File WASHINGTON: America’s Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering an aggressive campaign to rein in costs as inflation cools,…

Why are half a million Britons on strike?

Teachers join the strike action in Luton, Britain February 1, 2023.— Reuters Divide between public, private-sector pay grew sharply in past year. Private-sector pay up 7.1%, public sector 3.3% in…

US central bank increases interest rate by quarter percentage point

US Federal Reserve Chair Jerome Powell addresses reporters after the Fed raised its target interest rate by a quarter of a percentage point, during a news conference at the Federal…

Relief as Australia finds lost radioactive capsule

A tiny but dangerously radioactive capsule fell off a truck along a remote stretch of desert highway in Western Australia last month.— Screengrab via The Guardian  A tiny but dangerously…

Share sale fails to halt Adani market slide in India

Indian tycoon Gautam Adani’s personal fortune has dived by more than $40 billion.— AFP/file MUMBAI: A successful public offer failed to stop investors dumping shares in Indian tycoon Gautam Adani’s…

Myanmar streets empty in protest on coup anniversary

Streets in commercial hub Yangon were largely emptied from late morning, AFP correspondents saw, after activists called for people across the country to close businesses and stay indoors from 10…

Hong Kong bans CBD, ranking it alongside heroin and cocaine

Hong Kong is outlawing cannabidiol (CBD) products, ranking them as dangerous drugs alongside heroin and cocaine.— AFP/file  HONG KONG: A new law criminalising the possession, consumption and selling of cannabidiol…

‘Surprising’ ancient Egyptian mummy ingredients discovered

An artwork showing ancient Egyptians embalmers during the mummification process. — AFP/File PARIS: The discovery of dozens of beakers and bowls in a mummification workshop has helped reveal how ancient…

‘Surprising’ ancient Egyptian mummy ingredients discovered

An undated photograph of an Egyptian mummy being scanned by a researcher. —AFP/File  PARIS: The discovery of dozens of beakers and bowls in a mummification workshop has helped reveal how…

Australia recovers radioactive capsule, finds ‘needle in the haystack’

A view shows a radioactive capsule lying on the ground, near Newman, Australia, February 1, 2023, in this still image obtained from a handout video.— Reuters SYDNEY: Australian authorities on…