Arizona Tribune - Economy (English)

EU chief says pressure off for lower Russia oil price cap

EU Commission Chief Ursula von der Leyen on Tuesday said surging energy prices have reduced the urgency to slash the price cap on Russia's global oil exports.

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Trump says EU not offering 'fair deal' on trade

US President Donald Trump said Tuesday that the European Union had yet to offer a "fair deal" on trade, as Washington negotiates tariff agreements with friends and foes alike.

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Brazil sells exploration rights to oil blocks near Amazon river mouth

Brazil sold exploration rights to 19 oil and gas blocks near the mouth of the Amazon river Tuesday, at the start of an auction slammed by environmentalists months before the country is to host the COP30 climate summit.

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Oil prices jump, stocks drop as traders track Israel-Iran crisis

Oil prices jumped and stocks mostly fell Tuesday after President Donald Trump abruptly departed G7 talks and concerns rose over a possible US intervention.

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UK startup looks to cut shipping's carbon emissions

In a small London workshop, a prototype mimics the process of capturing carbon emissions from a cargo ship's engine.

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UK automakers cheer US trade deal, as steel tariffs left in limbo

Britain's auto sector on Tuesday welcomed news that the United States and UK have agreed to implement key parts of their tariff-cutting trade deal, as levies on steel remain.

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Dutch suggest social media ban for under-15s

The Dutch government Tuesday advised parents to forbid children under 15 from using social media apps like TikTok and Snapchat, the latest country to propose curbs over mental health concerns.

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Oil prices rally, stocks slide as traders track Israel-Iran crisis

Oil prices jumped and stocks mostly fell Tuesday after US President Donald Trump abruptly departed G7 talks to monitor the conflict between Israel and Iran and called for Tehran residents to evacuate.

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Poll finds public turning to AI bots for news updates

People are increasingly turning to generative artificial intelligence chatbots like ChatGPT to follow day-to-day news, a respected media report published Tuesday found.

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Oil prices rally, stocks mixed as traders track Israel-Iran crisis

Oil prices jumped and equities fluctuated Tuesday as investors weighed Donald Trump called for Tehran residents to evacuate and hopes that the conflict between Israel and Iran does not descend into all-out war.

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Bank of Japan holds rates, will slow bond purchase taper

The Bank of Japan kept interest rates unchanged Tuesday and said it would taper its purchase of government bonds at a slower pace, as trade uncertainty threatens to weigh on the world's number four economy.

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Taiwan tests sea drones as China keeps up military pressure

A Taiwanese-made sea drone capable of carrying bombs skimmed across waters off the island Tuesday in a display of uncrewed surface vehicles that could boost its military firepower against China.

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Bank of Japan holds rates, says to slow bond purchase taper

The Bank of Japan kept interest rates unchanged Tuesday and said it would taper its purchase of government bonds at a slower pace amid concerns about the effect of trade uncertainty on the world's number four economy.

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Oil prices jump after Trump's warning, stocks extend gains

Oil prices rallied Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel and Iran continued to pound each other with missiles.

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UK MPs eye decriminalising abortion for women in all cases

UK MPs are expected to vote Tuesday on an overhaul of abortion laws in England and Wales which would end contentious prosecutions of women for terminating a pregnancy.

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Yen slides ahead of Bank of Japan policy decision

The yen fell against the dollar ahead of a Bank of Japan decision Tuesday, with officials expected to hold interest rates steady but tweak their bond purchase policy.

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Ecuador pipeline burst stops flow of crude

Ecuador's state energy company said it stopped pumping oil through the country's main pipeline Monday due to a rupture in a section running through the Amazon.

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China's Xi in Kazakhstan to cement Central Asia ties

Chinese President Xi Jinping will meet Central Asian leaders at a summit in Kazakhstan on Tuesday, his second trip to the region in under a year as Beijing competes with Russia for influence there.

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Venezuela's El Dorado, where gold is currency of the poor

In the Venezuelan mining community of El Dorado, the majority of residents carry around gold instead of cards or cash to pay for groceries.

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AFP photographer shot in face with rubber bullet at LA protest

An Agence France-Presse photographer was recovering Monday after he was shot in the face with a rubber bullet by law enforcement during their standoff with protesters in downtown Los Angeles.

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Luke Parry and Andrea Harris Jr. Team Up to Disrupt Digital-First Industries

NEW YORK CITY, NY / ACCESS Newswire / June 17, 2025 / Influencer Luke Parry and entrepreneur Andrea Harris Jr. have officially announced a strategic business partnership that aims to reshape the digital landscape. With plans to launch a series of ventures spanning fashion, social technology and influencer marketing, the duo intends to capitalize on some of the fastest-growing sectors in today's economy.

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SelectQuote (SLQT) Shares Slide Further on Disappointing Earnings Amidst DOJ Scrutiny - Hagens Berman

SLQT Investors with Losses Encouraged to Contact the Firm

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Compass Diversified (CODI) Grapples with Financial Irregularities, Slashes Dividend Amid Investor Lawsuit - Hagens Berman

SAN FRANCISCO, CA / ACCESS Newswire / June 17, 2025 / Compass Diversified (NYSE:CODI), a Connecticut-based private equity firm, is navigating a turbulent period marked by the recent resignation of a key director, a precipitous stock decline, and a burgeoning class-action lawsuit, all stemming from unearthed accounting irregularities at one of its portfolio companies.

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Civil Rights Lawsuit Filed Against Elite Washington, D.C. Private School Alleging Racist and Disability-Based Harassment

WASHINGTON, DC / ACCESS Newswire / June 17, 2025 / A student, "John Doe," and his mother, "Jane Doe," have filed a civil rights lawsuit against a Washington, D.C. private school, St. Anselm's Abbey School. The lawsuit challenges the school's failure to protect John Doe from daily harassment to which he was subjected based on his race and disability. Rather than protect John Doe from harassment by his peers, the school suspended him and barred him from re-enrolling for the following school year.

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Bar Harbor Bankshares Announces Shareholder Approval of Guaranty Bancorp Acquisition

BAR HARBOR, ME / ACCESS Newswire / June 17, 2025 / Bar Harbor Bankshares (NYSE American:BHB; the "Company") announced that Guaranty Bancorp, Inc. ("Guaranty"), the parent company of Woodsville Guaranty Savings Bank, held a shareholder meeting on June 12, 2025 at which Guaranty's shareholders voted to approve the merger of Guaranty with Bar Harbor Bankshares.

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Savvly Launches First-Ever Scalable Longevity Benefit for Employers

A Financial Wellness Innovation That Pays People for Living Longer

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Head to Toe Healthcare Center Expands Shockwave Therapy Services

Head to Toe Healthcare is excited to announce that it is expanding its shockwave therapy services.

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OneMain Financial: Can You Take out a Loan in Albuquerque for a Down Payment on a House

NEW YORK, NY / ACCESS Newswire / June 17, 2025 / A loan can be helpful for any number of reasons from paying for a medical emergency to affording a costly home repair to funding a big move. However, it's generally not advisable to use a loan as a down payment on a home. Most mortgage lenders will not accept a personal loan as a form of down payment. Even if they do, taking out a loan for this purpose has several disadvantages. Keep reading to find out why loans aren't the best option, some common downsides, and alternative ways to fund a down payment on a house in Albuquerque.

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5 Ways to Protect Credit Like a Digital Age Pro

NEW YORK, NY / ACCESS Newswire / June 17, 2025 / Most people never expect to be victims of financial fraud, but frequent data breaches expose many Americans to the risk of credit card fraud and identity theft. Fraudsters may use your personal information to create new loan or credit card accounts in your name, borrowing money that they'll never repay. They can also steal your existing credit card information and use it to make unauthorized purchases. If left undetected, this fraudulent activity can quickly destroy your credit. Credit damage from fraud can be reversed, but the process is often time-consuming and draining. It's much safer to take precautionary measures that can help you avoid falling victim to fraud. Here are some steps you can take to protect your credit.

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EquityMultiple Releases Mid-Year Outlook: CRE After Tariffs and Potential Opportunities

NEW YORK CITY, NY / ACCESS Newswire / June 17, 2025 / EquityMultiple, a real estate investment platform for accredited investors, recently released its comprehensive mid-year market outlook examining how rapidly shifting U.S. trade policy is creating both challenges and opportunities across commercial real estate markets.

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Fortis Bank Appoints Ed Mennona as Chief Credit Officer

DENVER, CO / ACCESS Newswire / June 17, 2025 / Fortis Bank is pleased to announce the appointment of Ed Mennona as Executive Vice President and Chief Credit Officer, reinforcing the strength of its executive leadership team as the bank continues to scale its commercial and specialty finance platforms.

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EON Resources Inc. Announcement

Amendment to Agreement with Seller Reduces Cash Obligation by $1.5 million; and Reduces Stock Requirement by 1.5 million Shares; Closing Expected by end of July 2025

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