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Canada's counter-tariffs take effect on various US goods

Canada's retaliatory tariffs on billions of dollars in US products took effect Tuesday, as a trade war between the North American neighbors heats up.

China's trade booms as focus turns to expected Trump-Xi summit

China's imports and exports surged in August, helped by a global AI buildout that has fuelled demand for technology products and ahead of an expected meeting between President Xi Jinping and US counterpart Donald Trump.

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UK clears $4 bn AI partnership between Amazon, Anthropic

Britain's competition regulator on Friday cleared Amazon's investment of up to $4 billion in Anthropic, an American developer of artificial intelligence, following a short probe.

Barca fans barred from Champions League away game over racist banner

Barcelona must play their next away Champions League game without their fans and pay a 10,000-euro ($11,000) fine for a racist fan banner, UEFA ruled on Friday.

Chinese stocks extend surge, Europe higher on Beijing stimulus

Hong Kong and Shanghai stock markets soared again Friday with the latter index recording its strongest weekly gain in 16 years on hopes China would unveil yet more measures to boost its flagging economy.

Pope says Church must 'seek forgiveness' for child sexual abuse

Pope Francis said Friday that the Catholic Church must "seek forgiveness" over the "scourge" of child sexual abuse, during a visit to Belgium where the Church's dark past looms large.

China caps week of 'bazooka' stimulus for ailing economy with rate cut

China on Friday opened up over a hundred billion dollars in cash for its ailing economy, capping a week in which its leadership embark on one of their biggest drives in years to kickstart growth.

Cuts, cash, credit: China bids to jumpstart flagging economy

China this week unveiled a bundle of new measures aimed at kickstarting its economy, battered by unprecedented headwinds including a property sector crisis and sluggish spending.

France's debt weighs heavier ahead of budget debate

France's vast public debt pile grew in the second quarter, official figures showed Friday, as Prime Minister Michel Barnier's shaky minority government girds itself for a gruelling budget debate.

Iran treads carefully, backing Hezbollah while avoiding war

As violence between Israel and Hezbollah escalates, Iran is walking a tightrope by supporting Hezbollah without being dragged into a full-blown conflict and playing into its enemy's hands.

Return to sender: waste stranded at sea stirs toxic dispute

Amid the scorching heat at the Albanian port of Durres, 102 containers set sail for Thailand in early July, sparking a high-seas drama that highlighted the perils of the global waste trade.

'Broken' news industry faces uncertain future

From disinformation campaigns to soaring scepticism, plummeting trust and economic slumps, the global media landscape has been hit with blow after blow.

Taken from mother by nuns, victim seeks answers as pope visits Belgium

The stain of Catholic child abuse looms over Pope Francis's visit to Belgium this week, but a lesser-known scandal still roils the country: the "forced adoption" of newborns taken from their mothers, with nuns' complicity.

China cuts amount banks hold in reserve to boost lending

China on Friday cut the amount banks must hold in reserve, releasing an estimated $142.6 billion in liquidity into the financial market as leaders embark on one of their biggest drives in years to kickstart growth.

Hong Kong, Shanghai extend surge as China optimism boosts markets

Hong Kong and Shanghai ploughed on with their China-fuelled rally Friday on hopes that Beijing will press on with new plans to boost the world's number two economy.

Vietnam president reiterates support for Cuba during official visit

Cuban President Miguel Diaz-Canel held talks with his Vietnamese counterpart To Lam in Havana on Thursday, with the two countries signing several bilateral agreements during the visit.

Poverty rises to over 52 percent in Milei's Argentina

Poverty in Argentina rose to over 52 percent of the population in the first six months of self-declared "anarcho-capitalist" Javier Milei's presidency, according to data released Thursday by the INDEC statistics agency.

Chloe's see-through look may not be for Kamala Harris

Designer Chemena Kamali -- who dressed Kamala Harris for the Democratic Convention in August -- turned heads at Paris Fashion Week Thursday with a line of lacy transparent looks the US presidential hopeful may be a little more shy about trying.

China stimulus, tech optimism boost stock markets

Stock markets climbed Thursday as China signalled more stimulus for the world's second-largest economy, while a strong outlook from US chip giant Micron gave a further boost to investor optimism.

South Korea surges in UN innovation index

South Korea made the biggest jump among the world's 10 most innovative economies in the UN's annual rankings published Thursday, alongside a gloomy global outlook for innovation investment.

Floods threaten Niger's historic 'gateway to the desert'

Its winding allies, ancient mosque and ochre earthen houses helped bestow on Agadez its UNESCO World Heritage status, but the town in Niger is now under threat from flooding.

China economy hopes boost global equities

Chinese stocks surged and major European indices mostly rallied Thursday as China signalled further stimulus measures aimed at lifting the world's second-biggest economy out of the doldrums.

Ubisoft shares sink after 'Assassin's Creed' delay

Shares in French video game giant Ubisoft plunged nearly 20 percent Thursday after it dropped its profit targets following a delay to its latest "Assassin's Creed" title.

German economy to shrink again in 2024: think tanks

Germany's economy is expected to shrink slightly in 2024, leading economic institutes said on Thursday, as the traditional manufacturing powerhouse continues to stagnate.

Hong Kong's New World Development replaces CEO Adrian Cheng

Hong Kong property behemoth New World Development announced Thursday that its chief executive officer Adrian Cheng has been replaced, as the firm reported an annual loss of over US$2.5 billion.

Swiss central bank cuts rate again amid strong franc worries

Switzerland's central bank on Thursday cut its key interest rate by a quarter percentage point for the third time this year, citing the strong Swiss franc and lower inflationary pressure.

Germany's BASF to focus on 'core units' in major overhaul

German chemicals giant BASF said Thursday it would focus on cost cutting and strengthening its "core businesses" in the years ahead as it unveiled details of a major overhaul.

China admits economy facing new 'problems', vows to fix property sector

Chinese President Xi Jinping and other top leaders admitted Thursday that the world's number two economy was facing new "problems" and vowed to resolve a long-running crisis in the housing sector.

Stock markets boosted by China hopes, tech rally

Hong Kong and Shanghai led another rally across markets on Thursday as China unveiled further economy-boosting measures following a raft of stimulus this week.

Beauty salon near Ukraine front offers brief respite from war

Maryna Skromnaya was ready to face shelling and explosions to get her hair done at a salon in Pokrovsk, the eastern Ukrainian city under intense Russian attack.

Argentina's narco capital sees mysterious drop in murders

Argentina's most violent city, Rosario -- best known as the hometown of soccer star Lionel Messi -- has in recent months seen a drastic, and some say suspicious, fall in murders.

World's first CO2 storage service soon ready in Norway

Norway is set to inaugurate Thursday the gateway to a massive undersea vault for carbon dioxide, a crucial step before opening what its operator calls the first commercial service offering CO2 transport and storage.

Asian markets boosted by tech rally, traders eye US inflation

Tech firms led an Asian market rally Thursday on renewed optimism about demand for AI equipment following a strong earnings outlook from US chip giant Micron.

'Social Studies' TV series takes intimate dive into teens' smartphone life

Sifting through the smartphones of dozens of US teens who agreed to share their social media content over the course of a year, filmmaker Lauren Greenfield came to a somber observation.

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Arizona Tribune - Economy (English)