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Stock markets rise on growing US rate cut hopes

Stock markets rose and the dollar fell Wednesday on growing prospects of cuts to US interest rates after soft inflation data, with Japan's Nikkei hitting a fresh record high.

Japanese star convicted of indecent assault in Hong Kong

A Hong Kong court on Wednesday found J-pop artist Kenshin Kamimura guilty of indecent assault after he harassed a woman working as his interpreter at a restaurant earlier this year.

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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.

WWII munitions hinder Nord Stream pipeline probe

Investigations into the suspected sabotage of the Nord Stream gas pipelines linking Russia with Europe are "progressing well", despite World War II munitions on the seabed, Denmark said Thursday.

British PM faces fresh political woes after meeting with MPs

Embattled British Prime Minister Liz Truss faced fresh woes on Thursday after a prominent Conservative party insider said some of her own MPs were considering pushing for two of her former rivals to replace her.

Iraq MPs in new bid to elect president, end deadlock

Lawmakers in crisis-hit Iraq are set to meet Thursday for their fourth attempt this year to elect a new state president and break political gridlock that has sparked protests and deadly violence.

Finland hopes new nuclear reactor eases energy crunch

After over a decade of delays, the deafening sound of Finland's new Olkiluoto 3 nuclear reactor finally running its turbine at full power was welcomed with joy -- and relief.

Mideast petrolheads hope eSports takes them to the track

Virtual cars whizz by with engines roaring, as 26 drivers vie for the top spot at an online tournament in Jordan -- many dreaming one day of transitioning to real racers.

'Everything has collapsed': Russia's draft tanks small businesses

In his brand new co-working space in Chelyabinsk, a city in central Russia, entrepreneur Maxim Novikov is counting the empty seats.

Sudan schools crisis threatens grim future for children

It's the start of a new school term in Sudan, yet nine-year-old Zahra Hussein stays home helping with household chores, forced to drop out as her family's money grows ever tighter.

Asian markets drop as traders brace for key US inflation data

Equities fell in Asia and the dollar maintained its strength Thursday ahead of the release of crucial US inflation data that could determine the pace of Federal Reserve interest rate hikes.

US growth slowdown 'required' to beat inflation: Fed minutes

A slowdown of economic growth and the US job market will be "required" to bring down inflation, the Federal Reserve said in notes released Wednesday, adding that prices remain "unacceptably high."

Finance chiefs mull Ukraine aid, Russia oil price cap at IMF summit

Global finance chiefs were expected to discuss a proposed price cap on Russian oil and support for Ukraine on Wednesday as the conflict takes center stage during the IMF's annual meetings.

Andrew Bailey: Bank of England boss facing fresh storm

Andrew Bailey is no stranger to economic storms as head of the Bank of England, becoming governor just as Covid was taking hold in Britain.

Workers at 3rd Amazon site in New York hold unionization vote

Amazon workers at an upstate New York warehouse began voting Wednesday on whether to unionize in the latest labor battle following a surprise union win earlier this year at another Amazon site.

UK to cap renewable energy company revenues

Britain will introduce a cap on the revenues of companies that produce low-carbon electricity in an attempt to mitigate the impact of soaring energy prices on consumers.

Ukraine grain ships stuck in Istanbul traffic jam

A cargo ship traffic jam stretched as far as the eye could see off Istanbul, where a key deal to get Ukraine grain to market has translated into major hold-ups.

IMF warns against 'costly' tax cuts to fight inflation

Soaring food and energy prices are raising the risk of social unrest, but attempting to tame costs through tax cuts, subsidies and price controls would be too costly, the IMF said Wednesday.

Tear gas fired as Iranians rally over Mahsa Amini's death

Iranian security forces fired tear gas Wednesday at a lawyers' protest over Mahsa Amini's death, said a rights group, which also raised the death toll to at least 108 from the crackdown on the nearly month-long movement.

Pound, UK bond yields climb on Bank of England uncertainty

The pound rallied and UK government bond yields rose Wednesday, with the Bank of England accused of fuelling markets uncertainty.

Striking French refinery workers defy government threats

Striking French fuel refinery workers voted Wednesday to continue their stoppages and blockades, defying the government which began ordering some of them back to work in a bid to get supplies flowing.

Arizona Tribune - Economy (English)