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Featured

Yen extends gains as traders eye rate hike, tech rallies again

The yen extended gains Tuesday, putting it in range of a 2026 high against the dollar as investors ramp up bets on Bank of Japan interest rate hikes, while tech firms once again stood out on equity markets.

Mongolians wait hours for fuel as reliance on Russia bites

After a five-hour wait for petrol, Mongolian pensioner Nasanjargal is still 10 places from the pump, with dozens of cars behind him in a queue snaking into the arid steppe.

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Facing backlash, EU moves to delay deforestation rules

The European Commission on Wednesday proposed to delay by a year a ban on imports of products driving deforestation that has faced pushback from countries around the world.

US private sector adds more jobs than expected in September: ADP

US private sector hiring picked up in September, with employers adding more jobs than anticipated, according to data released Wednesday by payroll firm ADP.

Boys out of critical condition after Zurich stabbings

Three five-year-old boys wounded in a stabbing attack on a group of children in Zurich are no longer in mortal danger, prosecutors said Wednesday.

Spain logs record summer tourism as inflow draws protests

Spain welcomed a record 21.8 million international visitors this summer, official data showed on Wednesday, an influx of tourism that has triggered some protests in the country.

Hedi Slimane quits as Celine's artistic director

Hedi Slimane has quit as artistic director at Celine, the French haute couture house said Wednesday, amid speculation the 56-year-old may fill Karl Lagerfeld's empty chair at Chanel.

Oil prices extend rally on Iran attack

Major stock markets diverged Wednesday, while oil prices extended a rally after Iran's missile attack on Israel fanned fears of a Middle East-wide conflict.

Spain welcomed record number of tourists this summer

Spain welcomed a record 21.8 million international visitors to its shores this summer, official data showed on Wednesday, an influx of tourism that triggered some protests in the country.

France says coming tax hikes on the wealthy to be 'temporary'

France's finance minister promised on Wednesday that the tax hikes the government says are required to bring the country's finances back on track will be targeted at high-income groups and limited in time.

Why are Thailand's roads so deadly?

A horrifying fire on a Thai school bus this week that killed at least 23 people, most of them children, underscores how the kingdom's roads are some of the deadliest in the world.

Oracle to invest $6.5 bn in Malaysian cloud services region

Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centres in Malaysia, joining a list of US titans rushing to build up their AI infrastructure in Southeast Asia.

Parkrun marks 20 years of a free weekly jog, run... or walk

When Paul Sinton-Hewitt created Parkrun, only 13 people turned out at a London park. Twenty years on, millions jog, run or walk five kilometres (3.1 miles) every week.

Oil extends rally after Iran attack, Hong Kong soars again

Oil prices extended a rally Wednesday after Iran's missile attack on Israel fanned fears of a Middle East-wide conflict, while the Hong Kong market ploughed on with its China-fuelled surge with more big gains.

Prostitutes, prospectors drive spread in DR Congo mpox capital

Come nightfall, gold-diggers, hawkers and prostitutes alike barrel into the bars of Kamituga in the eastern DR Congo, with some blaming the mining town's nightlife for its growing mpox outbreak.

Oil extends rally after Iran attack, Hong Kong resumes surge

Oil prices rose more than one percent Wednesday, extending the previous day's rally, and safe haven gold pushed towards a record high after Iran's missile attack on Israel ramped up fears about an escalation in the Middle East.

Can music help plants grow? Study suggests sound boosts fungus

Playing a monotonous sound stimulates the activity of a fungus that promotes plant growth, a study suggested on Wednesday, raising the potential that playing music could be good for crops and gardens.

Nike earnings drop, says turnaround will take time

Nike reported a drop in profits Tuesday on sagging revenues as the sports giant cautioned that a turnaround from a rocky period would take time under a new CEO.

US dockworkers launch mass strike a month before election

Tens of thousands of workers at major ports on the US East and Gulf Coasts went on strike Tuesday in an action that could drag on the world's largest economy just ahead of a November presidential election.

Iron Dome: Israel's key anti-missile shield

Israel's Iron Dome air defence system has intercepted thousands of rockets since it went into operation in 2011, providing the country with crucial cover during times of conflict.

Cranes stand still as US dockworkers fight for 'future'

Just a short drive from the New York skyline, giant cranes, containers, and machinery stand motionless behind closed gates.

GM reports US sales dip, but says EVs grew

General Motors reported a dip in third-quarter US auto sales Tuesday, but pointed to growth in sales of electric vehicles and said retail pricing remained steady.

Sheinbaum takes office as Mexico's first woman president

Claudia Sheinbaum was sworn in Tuesday as Mexico's first woman president, inheriting a country beset by gang violence and economic uncertainty over controversial reforms passed by her powerful ruling party.

Stock markets slump, oil jumps on Middle East concerns

Global markets sank and oil soared Tuesday on fears of escalating conflict in the Middle East.

French PM vows more taxes and spending cuts ahead of budget fight

France's new Prime Minister Michel Barnier pledged new taxes and spending cuts Tuesday to reduce a "colossal" debt, in a policy address that met with a raucous reception from lawmakers who could topple his government at any time.

Germany inaugurates IBM's first European quantum data centre

Chancellor Olaf Scholz on Tuesday inaugurated US firm IBM's first quantum data centre in Europe, saying Germany aims to be at the forefront of the revolutionary technology.

Stock markets diverge as eurozone inflation drops further

Slowing eurozone inflation boosted European stock markets on Tuesday but US equities ran out of steam after concluding a bumper third quarter.

France's richest man takes control of Paris Match magazine

Paris Match, a glossy French weekly known for its celebrity exclusives on Tuesday became part of the media empire of France's richest man Bernard Arnault, after a stint under right-wing tycoon Vincent Bollore's ownership.

Anger meets tear gas as Nigeria hardship protests fizzle out

Rallies over economic hardship struggled to build momentum in Nigeria on Tuesday as the country battles its worst economic crisis in a generation.

US dockworkers launch mass strike month before election

Tens of thousands of workers at major ports on the US East and Gulf Coasts went on strike Tuesday in action that could drag on the world's largest economy just ahead of the November presidential election.

Evacuations from Lebanon: what we know

Israel launched a ground offensive in Lebanon on Tuesday, escalating a conflict against Hezbollah after a week of air strikes that have killed hundreds.

Feathers fly at Chanel's Paris fashion return

Chanel returned to the Grand Palais -- scene of the late Karl Lagerfeld's most legendary triumphs -- for the first time in four years Tuesday with a birdcage-themed Paris Fashion Week show that recalled the label's past glories.

UAE oil giant ADNOC swoops on German chemicals firm Covestro

German chemicals group Covestro said Tuesday it had accepted a takeover bid from UAE state energy company ADNOC, as one of the key sectors in Europe's largest economy is gripped by crisis.

Eurozone inflation falls under 2% for first time since 2021

The eurozone's annual inflation rate fell to its lowest level in three-and-a-half years in September, official data showed Tuesday, dropping below the European Central Bank's two-percent target and fuelling expectations of a rate cut.

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Arizona Tribune - Economy (English)