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Featured

China sports brands score NBA stars to assist global ambitions

NBA star Kyrie Irving walked out onto a basketball court in southwest China to rapturous applause, his brightly coloured Chinese-made sneakers a vivid statement of domestic sportswear brands' increasing global reach.

Afghans come home but risk exclusion without any ID

Lugging suitcases across the border after packing up in Pakistan, Afghans are returning home with their worldly possessions but often lack one key item to restart their lives: an identity card.

Last news

Samsung returns to top of the smartphone market: industry tracker

Samsung regained its position as the top smartphone seller, wresting back the lead from Apple as Chinese rivals close the gap on both market leaders, industry tracker International Data Corporation (IDC) reported Monday.

Oil sinks on de-escalation hopes following Iran strike

World oil prices sank Monday as traders bet on de-escalation in the Middle East despite a strike on Israel by key crude producer Iran.

Lufthansa reports loss, cuts outlook after strikes

German airline giant Lufthansa reported a hefty first-quarter loss Monday and downgraded its 2024 outlook due to recent strikes, while warning of risks from conflict in the Middle East.

Hong Kong conditionally approves first bitcoin and ether ETFs

Hong Kong's securities regulator on Monday granted conditional approval to start the city's first spot-bitcoin and ether exchange-traded funds (ETFs), firms involved said, positioning it as a leader in Asia for the use of cryptocurrencies as investment tools.

US retail sales up more than expected in March

Retail sales in the United States grew more than anticipated last month, government data showed on Monday, defying predictions of weaker consumer demand.

Oil sinks on de-escalation hopes despite Iran strike

World oil prices sank Monday as traders bet on de-escalation in the Middle East despite a strike on Israel by key crude producer Iran.

OpenAI comes to Asia with new office in Tokyo

ChatGPT creator OpenAI opened a new office in Tokyo on Monday, the first Asian outpost for the groundbreaking tech company as it aims to ramp up its global expansion.

China economy seen slowing in first quarter on housing, consumer woes

China's economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity.

China set to post slowing growth on housing, consumption woes

China's economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity.

Stocks hit by Iran's Israel strike, hopes for containment stem losses

Equities tumbled Monday in Asia after Iran ramped up Middle East tensions by launching a barrage of rockets at Israel over the weekend, fuelling fears of a wider conflict in the volatile region.

Debt and climate back on IMF, WB spring meetings agenda

The spring meetings of the International Monetary Fund and the World Bank are due to open Tuesday, with two clear objectives: help countries combat climate change, and assist the most indebted nations.

Decorated 'Hero of Ukraine' learns to live with bionic arms

Valeriy Kucherenko is a decorated "Hero of Ukraine" but the battle he is currently fighting is learning how to eat and use the toilet alone.

Scholz walks tightrope on trade and politics in China

German Chancellor Olaf Scholz arrived in China on Sunday, kicking off a trip in which he faces a tough balancing act as he aims to shore up economic ties with Berlin's biggest trading partner.

Race for AI isn't zero-sum, says Amazon cloud boss

As Google races with Microsoft and OpenAI to create world-changing generative artificial intelligence, some critics see Amazon as lagging behind.

After long peace, Big Tech faces US antitrust reckoning

After more than a decade of leaving Big Tech largely to itself, US antitrust enforcers have cranked up the heat, with several high-profile cases underway that could radically change the way the industry's giants do business.

Chelsea's £90 million loss puts pressure on for player sales

Chelsea face a huge challenge to avoid breaching Premier League sustainability rules after posting an £89.8 million ($112 million) loss for the 2022/23 season.

Transgender recall vote lays bare US battle between progressives and conservatives

Thousands of people voted to elect Raul Urena to Calexico council, hoping the young politician would bring a fresh approach to the California border city's long-standing problems with unemployment, crime and deprivation.

Abortion in America: Democrats take gloves off as Harris hits Arizona

Democrats were set to hammer Donald Trump on the divisive issue of abortion Friday, calling him the "architect" of a US healthcare crisis, as the party sees an opening with voters ahead of the November presidential election.

Abortion in America: Democrats taking gloves off as VP Harris hits Arizona

Democrats were set to hammer Donald Trump Friday on the divisive issue of abortion, calling him the "architect" of a US healthcare crisis, as the party sees an opening with voters ahead of the November presidential election.

Thai group buys iconic Berlin department store

Thailand's Central Group said Friday it has bought the iconic KaDeWe department store in Berlin from insolvent Austrian real-estate giant Signa.

Solid profits at banks as execs debate US economic risks

Large American banks reported solid earnings Friday behind still-high interest rates while offering varying views on the likelihood the United States can avoid a near-term recession.

Europe stocks boosted by ECB rate cut signal; earnings in focus

Europe's stock markets rose Friday after the European Central Bank signalled a likely June interest rate cut, with London boosted by fresh hope that Britain has escaped from recession, as dealers also awaited the start of the US earnings season.

Japan seeks to reclaim tech edge with overseas help

Massive overseas and domestic investments offer Japan a chance to reclaim its tech crown, but to become a convincing alternative to China the country must embrace rapid innovation, experts say.

Asian stocks sink despite to track Wall St gains, earnings in focus

Asian markets fell Friday as traders struggled to build on Wall Street's positive lead, with hopes for a June interest rate cut fading, while earnings season gets underway in the United States amid optimism for companies' profit outlooks.

Clouds gather over Japan's ambitious Osaka World Expo

One of the largest wooden structures ever built is taking shape in Osaka, but hopes that Expo 2025 will unite the world are being dogged by cost blowouts and a lack of public enthusiasm.

Patek Philippe chief not worried for top-end Swiss watches

Patek Philippe's chief says he is not anxious about the prospects for top-end timepieces, despite Swiss watch exports slowing overall after three years of spectacular growth.

Asian stocks struggle to track Wall St higher, earnings in focus

Asian markets mostly fell Friday as traders struggled to build on Wall Street's positive lead, with hopes for a June interest rate cut fading, while earnings season gets underway in the United States amid optimism for companies' profit outlooks.

Biden campaign pounces on Republican abortion controversy

President Joe Biden vowed to "fight like hell" for women's reproductive rights in a reelection ad Thursday, as his team pounced on the backlash to a Republican-backed decision all but outlawing abortion in the swing state of Arizona.

Apple to fix 'bug' behind Palestinian flag emoji suggestions

Apple on Thursday promised it would stop a Palestinian flag emoji from being suggested to some iPhone users when they type "Jerusalem" in messages.

Sam Bankman-Fried appeals fraud conviction, 25-year jail term

Fallen cryptocurrency wunderkind Sam Bankman-Fried has appealed his federal conviction and 25-year jail sentence in a sweeping fraud case, according to a legal filing made public Thursday.

FIFA president urges fight against racism in football

FIFA president Gianni Infantino called Thursday for a concerted fight against pervasive racism in international football.

French PM, Trudeau defend Canada-EU trade pact

Prime Ministers Gabriel Attal of France and Canada's Justin Trudeau on Thursday defended a trade pact between Canada and the European Union whose ratification has been stymied in France's legislature.

Arizona Tribune - Economy (English)