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Featured

Tesla global auto sales jump 25% in 2nd quarter, beating expectations

Tesla reported a jump in second-quarter auto sales Thursday, as Elon Musk's electric vehicle company easily topped expectations in a period of lofty gasoline prices due to the US-Iran war.

Slowing US job growth poses midterms challenge for Trump

The United States posted weaker-than-expected job growth in June as new data showed the labor market is facing headwinds ahead of testing midterm elections for President Donald Trump's Republicans.

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S&P 500 records best first quarter since 2019 going into Easter break

The S&P 500 and the Dow closed at fresh records in New York on Thursday, with the former closing out its best start to the year since the Covid-19 pandemic ahead of the Easter break.

I yam what I yam: US govt roasted over potato classification

When is a vegetable not a vegetable? When it's a potato, according to a new US government proposal to reclassify the starchy staple that has infuriated lawmakers in rural districts.

Baltimore bridge, port recovery will be 'very long road'

A ship carrying a giant crane was en route Thursday to the scene of the catastrophic bridge collapse over Baltimore harbor, as authorities warned of extensive work before the major US port can reopen.

Stock markets drift into Easter break

US and European stock markets drifted Thursday heading into the Easter break, with traders still focused on inflation and the outlook for interest rates.

Fallen crypto tycoon Bankman-Fried gets 25-year sentence

Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday following his conviction in one of the biggest financial fraud cases in history.

IMF urges tighter Swiss regulation after UBS takeover of Credit Suisse

The IMF urged Switzerland on Thursday to strengthen its financial sector regulation as supervising UBS has become "more challenging" since it grew into a global banking behemoth after its takeover of Credit Suisse.

Stock markets rise before Easter break

US and European stock markets mostly rose Thursday heading into the Easter break, with traders still focused on inflation and the outlook for interest rates.

China's Xiaomi enters car market with new electric vehicle

Chinese consumer tech giant Xiaomi launched its first electric vehicle in Beijing on Thursday, injecting itself into a fiercely competitive sector in the world's largest car market.

European stock markets head into Easter break with slight gains

Europe's main stock markets advanced Thursday heading into an Easter break, after which focus was expected to stay with the outlook for interest rates.

German court rules against Mercedes in emissions case

A German court ruled Thursday that auto giant Mercedes-Benz knowingly installed emissions-cheating devices in some diesel vehicles, opening the door for owners to seek compensation.

French bill seeks to ban hair discrimination affecting black women

France's parliament on Thursday began debating a bill targeting workplace discrimination based on hair texture which the draft law's backers say targets mostly black women wearing their hair naturally.

The highs and lows of recent China-Australia relations

China on Thursday announced the lifting of punitive tariffs on Australian wine, in a sign that the precarious bilateral relationship could be improving despite setbacks.

China ships Tibetan glacier water to climate-threatened Maldives

China has sent more than a million bottles of water from melting Tibetan glaciers to the Maldives, officials said Thursday, a gift from the world's highest mountains to a low-lying archipelago threatened by rising seas.

Video game giant Embracer sells 'Borderlands' maker to Take-Two

Swedish video game group Embracer said Thursday it was selling Gearbox Entertainment, the developer of the popular first-person shooter franchise "Borderlands", to US company Take-Two for $460 million.

Asian markets mixed after Fed official floats rate cut delay

Asian investors trod carefully Thursday after a Federal Reserve official floated the idea of delaying or reducing interest rate cuts, while the yen held gains having briefly hit a 34-year low the day before.

Macron and Lula's 'bromance' sets social media fans alight

Wedding photos or a diplomatic visit? The apparent "bromance" between French President Emmanuel Macron and his Brazilian counterpart Luiz Inacio Lula da Silva has set social media fans alight.

China's Xiaomi to enter cut-throat EV market for the first time

Chinese consumer tech giant Xiaomi will launch its first-ever EV at a press conference in Beijing Thursday, injecting itself into a fiercely competitive sector in the world's largest car market.

Beyonce goes cowboycore with new album heavy on Texas roots

Beyonce has been a showbiz fixture for nearly three decades, shapeshifting from girl group lead and pop empress to Hollywood actor and business mogul.

Jill Biden writes children's book about 'First Feline' Willow

The Bidens' dogs grabbed headlines with their bad behavior, but "First Feline" Willow is getting a book all to herself.

US Fed official says may be 'appropriate' to lower number of rate cuts

The US central bank should either scale back or delay its interest rate cuts in response to "disappointing" inflation data, a senior Federal Reserve official said Wednesday.

Yellen to warn China of industrial oversupply risks

A surge in cheap exports from China in industries like electric vehicles could create an oversupply and hurt economies, US Treasury Secretary Janet Yellen warned in a speech on Wednesday.

Fresh stock market records in US, Europe as yen hits 34-year low

Wall Street and European stock markets mostly rose on Wednesday, leading to fresh records, while the yen temporarily sank to a 34-year low against the dollar before recovering somewhat.

Macron, Lula hail defense ties at submarine launch

President Emmanuel Macron and counterpart Luiz Inacio Lula da Silva on Wednesday celebrated the launch of Brazil's third French-designed submarine, which will help secure the country's immense coastline, dubbed the "Blue Amazon."

Uproar in France after school chief quits in hijab row

French politicians from across the spectrum Wednesday expressed dismay over the resignation of a Paris school principal who had received death threats after asking a student to remove her Muslim veil on the premises.

Climate change is messing with how we measure time: study

Struggle to wrap your head around daylight savings? Spare a thought for the world's timekeepers, who are trying to work out how climate change is affecting Earth's rotation -- and in turn, how we keep track of time.

Notre-Dame rebuild 'meeting deadline and budget': project head

Paris's Notre-Dame Cathedral, ravaged by fire in 2019, is on track to re-open on time on December 8, the head of the reconstruction said Wednesday.

Grim search for six bodies in Baltimore bridge-ship collision continues

Emergency services combed the cold waters of Baltimore harbor Wednesday in search of the bodies of six men -- all reported to be Latin American immigrants -- presumed killed when a giant cargo ship slammed into the bridge where they working the night shift fixing potholes.

Stock markets mostly rise, yen hits 34-year low

Wall Street and European stock markets mostly rose on Wednesday ahead of key US inflation data later this week while the yen recovered slightly from a 34-year low against the dollar.

Japan unveils next-generation passenger plane project

Japan announced plans on Wednesday to develop a next-generation passenger jet over the next decade after the last struggling attempt, led by a private company, was scrapped a year ago.

Yen hits 34-year low, equity markets mixed before key US data

The yen plunged Wednesday to a 34-year dollar low on fervent speculation that the Bank of Japan could step into markets to support the unit, having hiked interest rates last week for the first time since the global financial crisis.

German economy to nearly flatline this year, think-tanks say

The German economy is expected to barely grow this year, leading economic institutes said Wednesday, as weak demand at home and abroad slows the path to recovery.

Baltimore bridge response shifts to recovery of six missing

Authorities in Baltimore were set to focus on expanding recovery efforts Wednesday after a cargo ship slammed into a major bridge, causing it to collapse and leaving six people presumed dead.

Arizona Tribune - Economy (English)