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Featured

Turkey eyes F110 fighter jet engines as Trump comes to town

US President Donald Trump's visit to Ankara for the NATO summit could help secure Turkey's acquisition of dozens of fighter jet engines, but won't resolve the F-35 dispute that has soured ties, analysts say.

Afghan car trade screeches to a halt due to regional wars

In Afghanistan's southern Kandahar province, a once-thriving business of trading car parts from far-flung places has screeched to a halt due to conflicts at the country's borders.

Last news

Bank of England to finally cut interest rate?

The Bank of England announces its latest interest-rate decision Thursday, with analysts split on whether it will cut for the first time since the Covid pandemic after inflation's retreat.

'Low-emissions' food leaves some Paris Olympics athletes craving meat

An ambition from Paris Olympics organisers to cut the carbon footprint of catering at this year's eco-friendly Games has run into a problem: the huge appetites of meat-loving athletes.

Meta shares rise after earnings top expectations

Meta on Wednesday reported profit of $13.5 billion in the recently ended quarter, beating market expectations and causing its share price to jump.

US Fed's Powell flags cuts 'as soon as' September

The US Federal Reserve left its key lending rate unchanged again on Wednesday, but signaled that it could make its first cut as soon as September.

US Fed remains on pause and notes 'some further progress' on inflation

The US Federal Reserve left its key lending rate unchanged again on Wednesday and said it had made "some further progress" in its inflation fight.

Boeing names new CEO as it reports hefty loss

Boeing named former Rockwell Collins chief Robert "Kelly" Ortberg its next CEO Wednesday, as the aviation giant reported a hefty loss on continued operational problems.

Yen rallies after Japan hikes rates, stocks rise before Fed

The yen rallied against the dollar Wednesday after the Bank of Japan hiked interest rates for just the second time in 17 years, while European and Asian stock markets rose on hopes for a cut in US borrowing costs.

European airport traffic returns to pre-Covid levels

Passenger traffic at European airports returned to pre-Covid levels in the first half of the year as the sector finally "turned the corner" on the pandemic crisis, the main industry association said on Wednesday.

Eurozone inflation unexpectedly rises in July

The eurozone's annual inflation rate unexpectedly edged up in July due to rising energy costs, official data showed on Wednesday.

Yen rallies after Japan hikes rates, stocks up as eyes turn to Fed

The yen rallied against the dollar Wednesday after Bank of Japan hiked interest rates for the second time in 17 years, while equity markets climbed on growing hopes for a cut in US borrowing costs.

World Bank approves $1.5 billion Ethiopia rescue package

The World Bank has approved a $1.5 billion financial package to support cash-strapped Ethiopia's economic reform programme after officials loosened curbs on the local currency.

Tanzania evicting tens of thousands of Maasai: HRW

Tanzania is forcibly evicting tens of thousands of Maasai from their ancestral lands, Human Rights Watch said in a report on Wednesday, claiming that government rangers beat some members of the community with impunity.

Bank of Japan raises interest rate for second time in 17 years

The Bank of Japan further unwound its massive monetary easing programme on Wednesday by hiking interest rates for only the second time in 17 years and indicating plans for more if the economy performs as officials expect.

HSBC records $21.6 billion pre-tax profit in first half 2024

Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year's record performance.

Yen rises after Japan hikes interest rates, eyes turn to Fed

The yen rose against the dollar Wednesday after Bank of Japan hiked interest rates for the second time in 17 years, while equity markets in Asia rose on growing hopes for a cut in US borrowing costs.

Bank of Japan raises key interest rate for second time in 17 years

The Bank of Japan lifted its main interest rate Wednesday for just the second time in 17 years in another step away from its long-standing ultra-loose monetary policies.

Samsung Electronics Q2 shows fastest growth in over a decade

Samsung Electronics said Wednesday it registered its fastest growth since 2010, with operating profits soaring for the second quarter, as chip prices bounce back and demand for generative AI continues to grow.

Greece tries to tempt its emigrants back home

When Konstantinos Tsanis got his doctorate in finance in 2011 at the height of Greece's debt crisis, his chances of a well-paid job at home were pretty thin.

US Fed expected to pause again and hint at September rate cut

The US Federal Reserve is highly unlikely to waver from its position of holding interest rates at a two-decade high on Wednesday, but could drop hints about a September start to rate cuts.

Samsung Electronics says Q2 operating profits soar to $7.5 billion

Samsung Electronics said Wednesday that its operating profits soared fifteen-fold to $7.5 billion for the second quarter, as chip prices bounce back and demand for generative AI continues to grow.

Starbucks profits fall again but CEO says turnaround underway

Starbucks reported lower profits Tuesday behind broad-based sales declines, but shares rose as the company said a turnaround was on track.

Clashes break out as third child dies in UK knife attack

Violent clashes broke out on Tuesday in the northern England town where a mass stabbing at a Taylor Swift-themed dance event claimed the lives of three children.

P&G eyes overall sales growth despite China weakness

Procter & Gamble projected revenue growth over the next 12 months as the consumer products giant reported mixed results Tuesday, with solid US and European sales offset by continued weakness in China.

Activists celebrate LGBTQ Olympians in 'city of all loves'

On the shores of the River Seine, a fan zone dotted with rainbow-themed paraphernalia hopes to draw in the crowds to celebrate a record number of openly LGBTQ athletes at this year's Olympics.

With Games in full swing, opening ceremony controversy simmers on

The controversy over the iconoclastic opening ceremony of the Paris Olympics is refusing to abate days into the Games, with conservative political figures worldwide condemning a show that has been staunchly defended by President Emmanuel Macron and its creators.

Airbus first-half net profit halved to 825 mn euros

Airbus said Tuesday that its net profit in the first half year fell 46 percent to 825 million euros ($890 million), dragged down by a massive writedown in its space operations.

Stock markets mostly higher before key earnings, rate calls

Leading stock markets mostly rose Tuesday ahead of a slew of interest-rate decisions and earnings from big companies.

German economy unexpectedly shrinks in second quarter

The German economy unexpectedly shrank in the second quarter, preliminary data showed Tuesday, falling further behind as a recovery takes hold elsewhere across the eurozone.

Third child dies following mass stabbing in UK

A third child died on Tuesday and five others remained critically injured after a knife attack on a Taylor Swift-themed dance event in a quiet seaside community in northern England, police said.

Spain watchdog fines Booking.com 413 mn euros

Spain's competition watchdog said Tuesday it had slapped online travel agency Booking.com with a record 413-million-euro fine for "abusing its dominant position" during the past five years.

UK police question teen held after deadly mass stabbings

UK police on Tuesday questioned a 17-year-old suspect arrested after a "ferocious" knife attack which killed two children and critically injured eight others.

Chinese leaders pledge further support for flagging economy

President Xi Jinping and other Chinese leaders stressed the need for further reform to support economic activity and the country's ailing property sector, state media reported Tuesday, following a key meeting centred on boosting growth.

Arizona Tribune - Economy (English)