AL HAYAT - News from Riyadh, Saudi Arabia and the world – 24 hours a day, seven days a week in seven languages

Riyadh -

IN THE NEWS

US retail sales and producer prices fall, easing Fed pressure

US retail sales and producer prices fall, easing Fed pressure

US retail sales and wholesale prices slipped in February, according to government data released Wednesday, providing some respite for policymakers as the central bank prepares for a crucial interest rate decision next week.

Read more
Albania's 'wild river' granted national park status

Albania's 'wild river' granted national park status

Environmental campaigners scored a rare victory in Albania on Wednesday after authorities announced the creation of a national park to protect the Vjosa River, one of Europe's largest undammed waterways.

Read more
Ex-PM Khan resists arrest under Pakistan's 'law of the jungle'

Ex-PM Khan resists arrest under Pakistan's 'law of the jungle'

Legions of Imran Khan's angry supporters fought off riot police attempting to arrest the former Pakistan prime minister, but the 70-year-old opposition leader insists he is all about law and order.

Read more
Russia races to salvage US drone wreckage in Black Sea

Russia races to salvage US drone wreckage in Black Sea

Moscow said Wednesday it would try to retrieve the wreckage of a US military drone that crashed over the Black Sea in a confrontation that Washington blamed on two Russian fighter jets.

Read more
Hundreds of thousands strike in UK over pay

Hundreds of thousands strike in UK over pay

Teachers, London Underground train drivers and civil servants joined striking doctors Wednesday in a mass stoppage as Britain's finance minister unveiled his tax and spending plans.

Read more
SVB collapse calls for finance rethink: Stiglitz

SVB collapse calls for finance rethink: Stiglitz

In the wake of the collapse of Silicon Valley Bank that has shaken world markets, Nobel economics prize laureate Joseph Stiglitz told AFP that US authorities "did the right thing" to protect deposits but said the financial system needs a rethink.

Read more
Search on for 10 trapped miners after Colombia blast kills 11

Search on for 10 trapped miners after Colombia blast kills 11

Rescuers battled Wednesday to save ten workers trapped in a coal mine in central Colombia after an explosion that killed 11.

Read more
Flash floods kill at least 13 in Turkish quake zone: media

Flash floods kill at least 13 in Turkish quake zone: media

Flash floods killed at least 13 people living in tents and container housing set up across Turkey's quake-hit region on Wednesday, piling more pressure on President Recep Tayyip Erdogan ahead of crunch elections.

Read more
Putin calls to step up fight against destabilisation

Putin calls to step up fight against destabilisation

Russian President Vladimir Putin on Wednesday called on prosecutors to increase pressure on "attempts to destabilise" Russia's domestic situation amid the Ukraine offensive.

Read more
Stock markets in 'bloodbath' as bank fears resurface

Stock markets in 'bloodbath' as bank fears resurface

Stock markets sank on Wednesday on renewed fears of a burgeoning banking crisis, snapping a one-day rally as Credit Suisse led a rout in shares of major lenders.

Read more