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Featured

Fortnite developer claims win against Apple and Google

An Australian court has found Apple and Google misused their market power in a dispute with the maker of wildly popular video game Fortnite.

Soft US inflation boosts Asia markets

Japan's Nikkei hit a second record high in as many days Wednesday, as hopes of US interest rate cuts following soft inflation data cheered equity investors across Asia.

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French fuel shortages take toll as strike standoff hardens

Striking French refinery workers vowed Friday to maintain their blockades after rejecting a pay offer from oil giant TotalEnergies, raising the spectre of worsening fuel shortages ahead of a general public-sector strike next week.

Markets surge after sharp Wall St swing, pound holds gains

Equities rallied Friday to extend a surge on Wall Street, where all three indexes saw extreme swings in response to a forecast-beating inflation report that cemented expectations for more big Federal Reserve rate hikes.

Danone plans to withdraw from most of its business in Russia

French agribusiness Danone said Friday it planned to transfer control of its essential dairy and plant-based business in Russia, retaining only its infant nutrition branch.

Pacquiao says exhibition fight 'my comeback to the ring'

Manny Pacquiao called an exhibition fight in December against a South Korean YouTuber "my comeback to the ring," saying he wants to show he "is still there in boxing."

Revolutionary manga 'The Rose of Versailles' turns 50

Japanese manga "The Rose of Versailles" features elaborate outfits, palace intrigues and passionate romances set against the backdrop of the French Revolution, but it also has its own revolutionary credentials.

Maradona's 'Hand of God' ball to go up for auction

The ball that Diego Maradona used to score his infamous "Hand of God" World Cup goal for Argentina against England in 1986 will go under the hammer next month and could fetch up to £3 million.

China consumer inflation rises to two-year high

China's consumer inflation hit two-year high in September, official data showed Friday, fuelled by soaring pork prices and as extreme weather hit farmers.

Asian markets surge after sharp Wall St swing, pound holds gains

Asian equities soared Friday to extend a surge on Wall Street, where all three indexes saw extreme swings in response to a forecast-beating inflation report that cemented expectations for more big Federal Reserve rate hikes.

Singapore's economy grows 4.4% in Q3

Singapore's economy expanded by 4.4 percent on-year in the third quarter of 2022, the government said Friday while warning of ongoing global challenges such as inflation.

Russia to help people leave annexed region as Kyiv advances

Russia agreed Thursday to help residents leave a region it "annexed" in a sign of success for Ukraine's counter-offensive, as the EU warned Moscow's army would be "annihilated" if the Kremlin uses nuclear weapons.

Zelensky seeks legal mechanism to punish all Russian 'murderers'

Ukrainian President Volodymyr Zelensky on Thursday stressed the need to punish all Russian "murderers and torturers" and appealed for more air defence systems to fight Moscow's renewed offensive.

French strikes spread as Macron's opponents push for 'confrontation'

French railway workers and civil servants voted Thursday to join striking oil refinery staff with a walkout next week, raising fears that anger over the rising cost of living could spiral into a series of blockages.

Netflix to debut subscription with ads

Netflix on Thursday said a subscription option subsidized by ads will debut in November in a dozen countries as the streaming service strives to jumpstart growth.

Braving rockets, Iraq MPs elect president who names PM after year of deadlock

Despite a rocket attack on Baghdad's Green Zone, Iraqi lawmakers Thursday elected a new president who swiftly named a prime minister in hopes of ending a year of political gridlock and violence in the war-scarred nation.

David Hockney ode to French Riviera sells for £24 million

David Hockney's 1969 painting "Early Morning, Sainte-Maxime", inspired by a French Riviera sunrise, sold for over £24 million ($27.3 million) at a London sale Thursday -- more then double the pre-sale estimate.

At IMF, UK gets lecture on having 'coherent' fiscal policy

Britain has had its knuckles rapped over its controversial debt-fueled budget at the IMF's annual meetings, with the crisis lender's chief urging London on Thursday to maintain "coherent and consistent" policies.

Kenya denies defaulting on China railway debt

Kenya on Thursday denied it had defaulted on interest repayments on a loan advanced by China for the construction of a railway line from the port city of Mombasa that opened in 2017.

Stocks bounce after key US inflation data

Equities fell sharply on Thursday after data showed US inflation jumped more than expected in September, before quickly bouncing higher.

Inflation maintains grip on US with new jump in September

Inflation kept its hold on the US economy in September, jumping more than expected according to government data Thursday that adds to the headwinds facing President Joe Biden's Democrats shortly before midterm elections.

Yen hits lowest level against dollar since 1990

The yen on Thursday dropped to the lowest level against the dollar since 1990 after US inflation data indicated more aggressive interest rate hikes from the Federal Reserve.

Germany agrees to replace cheap national transport ticket

Germany on Thursday moved closer to approving a successor to a popular ultra-cheap, country-wide public transport ticket rolled out over the summer to curb inflation and cut carbon emissions.

Long-lost London book by Nazi-supporting French author released

The second installment of long-lost manuscripts from famed French author -- and notorious Nazi supporter -- Louis-Ferdinand Celine were published on Thursday, based on his time in London.

Ukraine restores power supplies after Russian missile salvos

Ukraine said Thursday it had reset its power grid after mass Russian strikes on energy facilities as Turkey held back on an expected offer to mediate talks between Moscow and Kyiv.

US inflation persists, higher in September over prior month

US inflation jumped more than expected in September, according to government data released Thursday, in the latest sign that pricing pressures have become more intractable despite aggressive central bank action.

UK baby murder accused wrote 'I killed them', court told

Police probing a spate of baby deaths at a UK hospital found a note stating "I am evil I did this" at the home of a nurse accused of killing them, a court was told on Wednesday.

'Challenging' year for Ikea, 10,000 layoffs in Russia

Swedish furniture giant Ikea posted a six percent rise in full-year sales on Thursday, in what it described as a "challenging" year due to inflation and scaling back in Russia.

Weak pound is major draw at London's Frieze art fair

As the global art world descends on London's Frieze fair this week, the current low value of the UK pound makes buying art in Britain particularly attractive for overseas collectors and dealers.

India's Infosys plans $1 bn buyback on strong profits

Indian outsourcing behemoth Infosys approved a $1 billion share buyback on Thursday after strong quarterly profits that reflected sustained demand for digital services.

France orders more strikers back to work as fuel shortages bite

The French government on Thursday ordered more striking workers back to a fuel depot in northern France after talks to end a three-week strike stalled, saying petrol shortages were taking too big a toll on the economy.

Stocks diverge before key US inflation data

Equities mostly rose in Europe but fell in Asia Thursday, before US inflation data that could determine the pace of Federal Reserve interest rate hikes.

Easyjet warns of another annual loss

British airline EasyJet on Thursday warned of a third annual loss in a row, as sector-wide disruption and a strong dollar offset a recovery from the pandemic.

La Liga win injunction to freeze 50 million euros of beIN assets

Spain's top football division, La Liga, has taken out a court injunction against the beIN Media Group to freeze 50 million euros ($48.5 million) of their assets after non-payment for television rights.

Arizona Tribune - Economy (English)