Bombay Durpun - Economy

'Moana 2' sails to Thanksgiving record with smash N. America opening

"Moana 2," the sequel to the animated Disney musical about a spunky Polynesian teenager who embarks on seafaring adventures, scored a sensational and record $220 million opening over the long Thanksgiving weekend in North America.

VW's German workers to strike from Monday

Workers at German factories for carmaker Volkswagen are to go on strike from Monday over plans to cut thousands of jobs, union IG Metall said Sunday.

US wine merchants urge exclusions from blanket tariffs

As President-elect Donald Trump vows sweeping tariffs on even America's close partners once in office, US wine merchants and restaurateurs are watching with trepidation -- and pushing for exclusions they say will protect small businesses.

US 'Black Friday' online spending put at record $10.8 bn

American consumers spent a record $10.8 billion online during "Black Friday" promotions, with many using artificial intelligence tools to find the best deals, Adobe Analytics announced Saturday.

Kosovo arrests blast suspects, Serbia denies involvement

Kosovo arrested several suspects Saturday after an explosion at a key canal feeding two of its main power plants, while neighbouring Serbia rejected accusations of staging the blast.

Trudeau meets Trump in Florida as tariff threats loom

Justin Trudeau had an "excellent conversation" with Donald Trump at the president-elect's Florida estate, Canada's prime minister said Saturday, as the United States' neighbors scramble to blunt the impact of Trump's trade threats.

Kosovo races to contain blast impact, Serbia denies involvement

Kosovo stepped up security measures around "critical" infrastructure Saturday after an explosion at a key canal feeding two of its main power plants, as neighbouring Serbia rejected accusations it had staged the blast.

Kosovo raises security after blast, Serbia denies involvement

Kosovo stepped up security measures around "critical" infrastructure Saturday after an explosion at a key canal feeding two of its main power plants, as neighbouring Serbia rejected accusations it had staged the blast.

Vietnam to build $67 bn high-speed railway

Vietnam said Saturday that it will build a $67 billion high-speed railway from Hanoi to Ho Chi Minh City, in a much-needed boost to infrastructure that is expected to drive growth and enhance its reputation among foreign investors.

Greenpeace activists board tanker in plastic protest

Greenpeace activists boarded a tanker off South Korea on Saturday in an action intended to draw attention to calls for a treaty to curb plastic pollution, the environmental group said.

Arnault family's Paris FC takeover completed

Second-tier French football club Paris FC announced on Friday the family of France's richest person Bernard Arnault had purchased a controlling stake in the outfit.

US stocks rise with Dow reaching new high on Black Friday

Wall Street shares rose in a holiday-shortened session as the US Black Friday shopping spree got under way and traders speculated whether President-elect Donald Trump may temper his trade tariff threats.

Global wine output to hit lowest level since 1961

Global wine production is set to fall again this year to its lowest level since 1961 due to climate change, the International Organisation of Vine and Wine (OIV) said Friday.

Iran, Europeans to keep talking as tensions ratchet up

Iran, Britain, France and Germany agreed to continue diplomatic talks following a discreet meeting Friday touching on Tehran's nuclear programme, amid surging tensions even before Donald Trump's return to the White House.

British MPs advance contentious assisted dying law

UK lawmakers voted Friday in favour of assisted dying for terminally ill people in England and Wales, advancing the emotive and contentious legislation to the next stage of parliamentary scrutiny.

Assisted dying campaigners, opponents rally at UK parliament

Supporters and opponents of Britain's assisted dying bill descended on the UK's Westminster parliament on Friday as lawmakers prepared to vote on the issue.

Yen rallies, euro up on rising inflation data

The yen rallied against the dollar and the euro also advanced versus the US unit Friday as traders reacted to news of higher inflation in Japan and the eurozone.

Macron offers first glimpse of post-fire Notre Dame

France is to offer the world a first look inside the restored Notre Dame cathedral in Paris on Friday, over five years after the fire that ravaged the interior of the heritage landmark and toppled its spire.

Crypto boss eats banana art he bought for $6.2 million

Crypto entrepreneur Justin Sun on Friday fulfilled a promise he made after spending $6.2 million on an artwork featuring a banana duct-taped to a wall -- by eating the fruit.

WTO chief faces heavy task as Trump threat looms

World Trade Organization chief Ngozi Okonjo-Iweala is expected to be reappointed Friday for a second term, in the shadow of the coming return of Donald Trump and his disdain for international trade rules.

Waste pickers battle for recognition at plastic treaty talks

As diplomats negotiate behind closed doors in Busan on a treaty to curb plastic pollution, the waste pickers who are on the front lines of the problem are fighting for recognition.

European countries that allow assisted dying

UK lawmakers will debate on Friday a new bill to legalise assisted dying in England and Wales that has sparked concern among opponents about its implications.

Yen rallies on rate hike bets as equity markets swing

The yen rallied Friday after forecast-busting inflation data out of Tokyo boosted talk of another Japanese interest rate cut next month, while equity markets were mixed as traders weigh the economic outlook during a second Trump administration.

Nepal's first transgender candidates run for local office

Two transgender candidates are contesting Nepal's local by-elections for the first time, hoping to push for political representation among sexual and gender minorities in the Himalayan nation.

Father of PlayStation says 'everyone told us we would fail'

The PlayStation has been a colossal consumer hit, but three decades ago, its creator Ken Kutaragi struggled to convince both game-makers and his bosses at Sony that his console would be a winner.

Canada watchdog sues Google over 'anti-competitive' ad tech

Canada's competition watchdog announced Thursday it was taking Google to court, accusing the company of "anti-competitive behavior" in online advertising.

Flood-hit Spain introduces 'climate leave' for workers

Spain's leftist government on Thursday approved a "paid climate leave" of up to four days for workers to avoid travelling during weather emergencies, a month after floods killed 230 people.

French PM announces concession in bid to end budget standoff

French Prime Minister Michel Barnier on Thursday announced a major concession in a bid to end a standoff with the opposition over the budget, which has caused jitters on financial markets and risks bringing down his minority government.

Uber and Bolt unveil women-only service in Paris

Two rival ride-hailing platforms announced on Thursday options allowing Parisian women to order a car driven by a female driver in a bid to ensure "greater safety" for its customers.

Nigerian president woos French investment on state visit

President Bola Tinubu said on Thursday Nigeria is "open for business" as he embarked on a state visit to France, with Paris looking to boost ties in English-speaking Africa following a series of setbacks with former allies on the continent.

K-pop band NewJeans leaves label over 'mistreatment'

Chart-topping K-pop group NewJeans announced Thursday their decision to leave their label ADOR, accusing the company of "mistreatment".

France says ready for budget concessions to avert 'storm'

The French government is ready to offer concessions to parliament to pass its budget, the finance minister said Thursday, in a standoff which is causing market turbulence and risks bringing down the government of Prime Minister Michel Barnier.

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Global stocks rise as Japan led Asia gains on a weaker yen

Asian markets mostly rise but political turmoil holds Seoul back

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