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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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Sprinklers and drip irrigation help Iraqis beat drought

After four years of drought, Iraqi farmer Mohammed Sami was about to abandon his father's parched land, but then a water-saving irrigation system revived his crops and his hopes.

Funding bill bars US embassies from flying LGBTQ Pride flags

Tucked in the massive funding bill signed Saturday by President Joe Biden is a provision banning the flying of LGBTQ Pride flags over US embassies, but the White House has vowed to work toward its repeal.

Laurent de Brunhoff, heir of the 'Babar' saga

French author and illustrator Laurent de Brunhoff, who died Friday at the age of 98 according to US media, successfully continued the adventures of the affable elephant "Babar" -- first imagined as a bedtime story by his mother, before being turned into a beloved children's character.

Nike's long international struggle with Adidas

Nike scored one of the most surprising victories in their long battle to dominate international football business when they outbid Adidas to become Germany's kit supplier.

Zara owner Inditex workers protest after record profits

Workers at Inditex's Zara and other big name stores protested outside the company shops across Spain on Friday to demand better benefits after the world's biggest fashion retailer reported record profits and raised shareholder payouts.

Stocks mixed after rallying over interest rate outlook

European and US stock markets were mixed Friday after gaining earlier in the week over expectations of a series of interest rate cuts later this year.

Flag change on new England football kit causes uproar

British Prime Minister Rishi Sunak on Friday waded into a row over a new England football shirt sold by Nike that changes the colours of the St George's Cross, saying "we shouldn't mess" with national flags.

Valentino and creative director Piccioli part ways after 25 years

Storied Italian luxury brand Valentino and longtime creative director Pierpaolo Piccioli announced Friday they were parting ways.

French news editor suspended over Macron-related headline

The news editor of a regional French daily has been suspended after a front-page headline critical of President Emmanuel Macron, management said Friday, causing outrage across the newsroom.

Stocks mixed after rally over interest rate outlook

European and US stock markets fluctuated Friday after rallying this week over the prospect of a series of interest rate cuts later this year.

Aston Martin poaches Bentley CEO in new shake up

British luxury car brand Aston Martin Lagonda on Friday said Adrian Hallmark would become its chief executive, poaching him from German-owned peer Bentley where he has stepped down as CEO.

Stock markets diverge on outlook for interest rates

European and Asian stock markets diverged Friday as traders closed out a week dominated by key central bank decisions on interest rates.

EU eyes tariffs to 'choke off' Russian grain sales

The EU is looking to "choke off" revenue Russia uses for its war on Ukraine by slapping "prohibitive tariffs" on grain and related imports into the bloc, under a plan being put to a leaders summit on Friday.

'Light on the horizon': German business morale improves

German business morale rose more strongly than expected in March, a key survey showed Friday, raising hope there is "light on the horizon" for Europe's crisis-hit top economy.

Berlin says German FA lacks 'patriotism' for dropping Adidas

German football's decision to drop Adidas as its kit supplier sparked dismay in Berlin on Friday, with the economy minister blasting the switch to US sportswear giant Nike as a lack of "patriotism".

Australia, Britain vow AUKUS nuclear-powered subs will be built

Australia and Britain said Friday that a landmark deal to develop AUKUS nuclear-powered submarines would go ahead, despite mounting fears about costs, capabilities and the possible return of Donald Trump.

Clothing giant Shein in focus as France targets fast fashion

With jaw-droppingly low prices and a seemingly endless selection of trendy clothes, Shein has taken the world by storm -- and found itself in the crosshairs of French lawmakers who want to curb the excesses of fast fashion.

Large group of migrants force way across Texas border

A "large group of migrants" crossing into the United States from Mexico broke through razor wire Thursday and rushed the border wall, the border patrol said, the latest episode in a simmering national immigration crisis.

Asian markets struggle as US data dents Fed rate cut optimism

Asian markets mostly fell Friday after data pointing to a still-strong US economy raised fresh concerns about inflation and dampened optimism that the Federal Reserve will slash interest rates as much as it expected this year.

Paris Olympics insists it won't be impacted by Atos woes

Organisers of the Paris Olympics are insisting the games will not be impacted by the ongoing troubles of French computer services group Atos, which provides essential services for the competition.

Curacao floating market reborn after Venezuela border reopened

For four generations, the Cordero family traveled regularly from Venezuela to the island of Curacao to sell their fruit and vegetables at the picturesque "floating" market of Willemstad.

Tepid Nike outlook dents shares as it touts Olympic offerings

Shares of Nike tumbled Thursday after the sports giant signaled a tepid near-term revenue outlook even as it promised to wow consumers with new offerings in an Olympic year.

Apple's 'Walled Garden' under fire in lawsuit

Call it a "walled garden" or an ecosystem, but at the heart of Thursday's blockbuster US lawsuit against Apple are the many ways the company gets customers to remain faithful to its products.

Mexico cuts interest rate for first time in three years

Mexico's central bank on Thursday reduced its benchmark interest rate for the first time in three years following a slowing of inflation in Latin America's second-largest economy.

US stocks hit fresh records as rate cut outlook improves

Global stock markets rose Thursday as several central banks joined the Fed in indicating lower interest rates are on the way, with US markets reaching fresh records.

Social media company Reddit surges after NYSE debut

Shares of social media company Reddit opened at $47 on the New York Stock Exchange Thursday, before vaulting even higher in a buoyant market debut.

Bank of England freezes interest rate at 16-year high

The Bank of England on Thursday held its key interest rate at a 16-year high, opting against a reduction as inflation remains elevated despite recent slowdowns.

Germany football teams to swap Adidas for Nike kit from 2027

Germany's national football teams will wear jerseys made by US sportswear giant Nike from 2027, the German Football Association (DFB) said Thursday, ending a decades-long kit partnership with domestic outfitter Adidas.

Apple 'aunties' greeted with cheers at Shanghai store opening

Chinese Apple superfans jostled to enter the smartphone maker's newest store in Shanghai as it opened on Thursday night -- but they were upstaged by dozens of retirees eager to nab commemorative freebies.

Stock markets rally as rate cut outlook improves

Global stock markets rose Thursday as several central banks joined the Fed in indicating lower interest rates are on the way.

EU-Canada trade deal stumbles in French Senate

The French Senate on Thursday overwhelmingly voted against a free-trade agreement between the EU and Canada, dealing a stinging blow to the government of President Emmanuel Macron.

US sues Apple in wide-ranging iPhone monopoly case

The US Department of Justice sued Apple on Thursday for illegally maintaining a monopoly for its iPhone by stifling competition and imposing exorbitant costs on consumers.

Arizona Tribune - Economy (English)