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Featured

US strikes Iran after Hormuz tanker attacks: military

US forces launched strikes on Iran on Tuesday after three commercial vessels were attacked in the Strait of Hormuz, the US military said, sharply escalating a confrontation that has already shaken efforts to end the Middle East war.

Netflix strikes deals in short-form video push

Netflix is pushing deeper into the short-form video territory dominated by TikTok and YouTube, striking licensing deals with a slate of major US media publishers to carry bite-sized content on its platform.

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Germany's Scholz heads to India despite differences on Russia

German Chancellor Olaf Scholz will visit India from Friday to discuss economic, defence and labour ties and navigate more sensitive issues such as relations with Russia amid the Ukraine war.

Don't let tech gurus decide the future: Nobel winner Simon Johnson

Should our future by decided by the bosses of big tech firms? For Nobel economics prize winner Simon Johnson, giving too much power to a handful of billionaires will come at the expense of public interest.

Palestinian seeds join Arctic 'doomsday vault'

A "doomsday vault" in the Arctic designed to safeguard the world's plant diversity has received a new deposit of thousands of seed samples, including Palestinian ones amid war and hunger in Gaza, it said on Wednesday.

Stock markets mixed, oil prices drop

European and Asian stock markets traded mixed Wednesday and oil prices retreated as investors focused on company earnings and the outlook for the US and Chinese economies.

Volvo Cars cuts sales forecast on market headwinds

Sweden's Volvo Cars on Wednesday drastically cut its sales forecast for the year, saying car markets in China, Europe and the United States are "increasingly under pressure."

Deutsche Bank profits boosted by legal settlements

Germany's biggest lender Deutsche Bank on Wednesday reported a sharp jump in third-quarter profits, boosted by the settlement of investor lawsuits related to a troubled takeover.

Troubled Boeing faces investors and awaits strike vote

Boeing will be under a spotlight Wednesday as the beleaguered aviation giant announces what is expected to be its biggest quarterly loss in four years, and striking employees vote on whether to end a costly weeks-long stoppage.

Tokyo Metro shares rocket on debut

Shares in Tokyo Metro, one of the world's busiest subways, soared almost 50 percent on its debut Wednesday after its government owners raised $2.3 billion in Japan's biggest initial public offering in six years.

Israel says killed Nasrallah's apparent successor in Beirut strike

Israel's army said it had killed the cleric tipped to succeed slain Hezbollah leader Hassan Nasrallah in an air strike on Beirut three weeks ago that targeted commanders of the Iran-backed militant group.

Tokyo Metro: Asia's oldest subway goes public

Every day six and a half million people ride Tokyo Metro's nine lines, part of a dizzyingly complex transport network serving the Japanese megacity and its sprawling suburbs.

Asian markets mixed as rate cut bets are trimmed; US vote in focus

Asian equities diverged Wednesday after another unremarkable day on Wall Street, where rising bond yields and comments from Federal Reserve officials dampened expectations for US interest rate cuts.

ABBA's Bjorn among 11,000 artists issuing AI warning

Thousands of artists including ABBA singer Bjorn Ulvaeus, Hollywood actress Julianne Moore and Nobel laureate Kazuo Ishiguro have signed a statement warning about the unlicensed use of artificial intelligence.

US regulator finalizes air taxi rules

US regulators on Tuesday finalized regulations for "powered lift" vehicles, opening the door for commercial air taxis.

Uganda fuel truck explosion kills 11

A fuel truck ran out of control and exploded into flames near the Ugandan capital on Tuesday, killing 11 people, including two minors, police said.

Union sees 'tight' vote on contract to end Boeing strike

Union leaders expect a close vote when 3,000 Boeing hourly workers weigh a sweetened contract offer that could end an almost six-week strike, the union's chief said Tuesday.

US plans to contribute $20 bn for Ukraine loan: Yellen

The United States plans to contribute $20 billion to a G7 loan package for Ukraine and could soon announce new sanctions targeting Russian weapons procurement, Treasury Secretary Janet Yellen said Tuesday.

US interest rate, election uncertainty hit stock market sentiment

European and US stock markets dipped on Tuesday, as traders sought to ascertain the outlook for US interest rates ahead of the presidential election.

Strong auto prices lift GM results as it eyes China revamp

General Motors reported strong earnings Tuesday on robust pricing as the Detroit giant said it was hopeful about returning to profitability in China and reiterated a flexible approach to EV investment.

UN eyes modest 2024 maritime trade growth, but future uncertain

Maritime trade should show modest growth this year, the UN said Tuesday, warning though that the geopolitical tensions, climate impacts and conflicts shaking global trade are threatening the functioning of maritime supply chains.

70% of Cuba's population has power back after blackout

Seventy percent of Cuba's population now has power, four days after a nationwide blackout triggered by the collapse of the island's largest power plant, and as the country recovers from Hurricane Oscar, the government said Tuesday.

Navalny memoirs spark mix of curiosity, indifference in Moscow

There was a mix of indifference and curiosity in Moscow when late opposition leader Alexei Navalny's autobiography was published on Tuesday.

US interest rate, election uncertainy hit stock market sentiment

European and US stock markets dropped on Tuesday after gains for Chinese indices, as traders sought to ascertain the outlook for US interest rates ahead of the presidential election.

Rare Tintin albums go under the hammer in Paris

A collection of rare Tintin comic albums is up for auction in Paris on Wednesday, many signed by cartoonist Herge, who wrote "Tintin is just another version of me" on one flyleaf.

Most markets fall as traders weigh US rates outlook

Most markets fell Tuesday after a negative lead from Wall Street fuelled by profit-taking, while traders try to ascertain the outlook for US interest rates.

Hyundai Motor India shares dip on debut after record IPO

Hyundai Motor had a lacklustre Indian market debut on Tuesday after raising $3.3 billion in the country's biggest-ever initial public offering, with shares down nearly five percent from their issue price in early trade.

In Mozambique, cigars 100% made in Africa

In a small neon-lit factory in Maputo, a dozen workers are hand-rolling premium cigars intended for the global market, seemingly undisturbed by the pungent tobacco smell.

Britain seeking EU trade reset: minister

Britain is urgently looking to reset its trading relationship with the European Union, and sees international commerce as key to reviving UK growth, trade minister Douglas Alexander told AFP.

Most Asian markets drop as traders weigh US rates outlook

Most Asian markets turned lower Tuesday after a negative lead from Wall Street fuelled by profit-taking, while traders try to ascertain the outlook for US interest rates.

Israel strikes 300 Hezbollah targets as US urges war's end

Israel said Monday it struck around 300 Hezbollah targets in Lebanon over 24 hours, ramping up its offensive to hit the group's finances, as the United States called for the war to end "as soon as possible".

US infant mortality spiked after right to abortion overturned: study

US infant mortality surged in the months following the Supreme Court decision to overturn the national right to abortion, driven by a rise in the number of babies with birth defects, a study said Monday.

Venezuela arrests ex-oil minister accused of US links

Venezuela on Monday announced the arrest of a former oil minister accused of links to a firm controlled by US intelligence services -- the latest scandal to shake the crisis-hit country's energy sector.

Disney expects to name Iger's successor in early 2026

Disney said Monday it will name Bob Iger's successor as chief executive in early 2026 as it tapped former Morgan Stanley CEO James Gorman as chairman of the entertainment giant.

Arizona Tribune - Economy (English)