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Featured

Most Asia markets down as tech firms take fresh blow

Tech stocks led losses across most of Asia on Thursday as investors continued to unwind huge bets on the sector that have propelled markets to record highs this year.

Budding chefs cook up new career at China's BBQ academy

Hunched over sizzling grills and shrouded in smoke, trainees at the Yueyang Barbecue Academy in southern China roast skewer after skewer of succulent beef tendon, perfecting the skills that could land them a restaurant job.

Last news

TSMC diversifies out of hotspot Taiwan with new Japan plant

Surrounded by fields of carrots and cabbages, workers are putting the finishing touches to a factory opening on Saturday that is a milestone for both US ally Japan and Taiwanese chip giant TSMC.

Asian markets open higher after US tech gains

Asian markets opened mostly up on Thursday, after higher-than-expected earnings from tech giant Nvidia and as investors weigh Fed minutes signalling most US officials are in no rush to cut rates.

In a doughnut in Japan, unlocking the power of the Sun

With its tangle of pipes and pumps leading to a metal pot the size of a five-storey building, Japan's JT-60SA machine looks to the untrained eye like a contraption from 1970s sci-fi.

Qantas says profits down but reputation rebounding

Qantas reported a slide in half-year net profits Thursday but said its reputation had "bounced back" under a new leader after taking a battering since the Covid-19 pandemic.

Nvidia quarterly profit soars on demand for AI chips

Nvidia on Wednesday said its profit soared to $12.3 billion in the recently ended quarter on record high revenue driven by demand for its chips to power artificial intelligence.

Global stocks mixed on Fed rate cut caution ahead of Nvidia results

Wall Street stocks were mixed Wednesday, reversing some earlier declines, as traders nervously awaited earnings from US tech darling Nvidia and digested Federal Reserve minutes that signaled slower interest rate cuts ahead.

Boeing replaces 737 MAX chief after January mid-air scare

Boeing announced Wednesday that the head of its 737 MAX program is departing the aviation giant less than two months after a major safety incident temporarily grounded 171 planes.

US Fed divided on risk of cutting rates too soon: minutes

The US Federal Reserve was divided in January over the risks of cutting interest rates too soon or too late, although most members voiced concern about moving early, according to minutes of the meeting published Wednesday.

Fan protests torpedo billion-euro Bundesliga investor deal

The German Football League (DFL) said Wednesday it was abandoning a billion-euro investment deal after widespread protests by Bundesliga fans, a U-turn hailed by supporters' groups as a "success".

Porn for 'spiritual growth': nuns detail abuse by renowned priest

Two former nuns said Wednesday that a world-renowned artist priest made them take part in threesomes and watch porn so they would "grow spiritually".

Wall Street cautious before Nvidia results, Fed minutes

Wall Street stocks dipped Wednesday as traders nervously awaited earnings from US tech darling Nvidia, in addition to minutes from the Federal Reserve that could shed fresh light on the outlook for interest rates.

Bundesliga investor deal collapses after fan protests

The German Football League (DFL) on Wednesday dropped a huge cash injection deal with investors for a share of Bundesliga media revenues after widespread fan protests, a U-turn hailed by fanclubs as a "success" for supporters.

Two dead, two hurt in Dutch bridge accident

At least two people died on Wednesday and two more were injured when part of a bridge under construction crashed down on workers in the Netherlands, Dutch officials said.

London's iconic BT Tower sold to become hotel

British telecoms giant BT Group announced Tuesday the sale of its famous BT Tower and that the building located in the heart of London will be transformed into a hotel.

Stock markets diverge before Nvidia results, Fed minutes

Stock markets diverged Wednesday as traders nervously awaited earnings from US tech darling Nvidia, in addition to minutes from the Federal Reserve that could shed fresh light on the outlook for interest rates.

Two dead, two hurt, in Dutch bridge collapse: officials

At least two people died and two more were injured when a bridge under construction collapsed in the Netherlands on Wednesday, Dutch officials said.

Germany cuts 2024 growth forecast as economic woes pile up

The German government slashed its growth forecast for 2024 on Wednesday, warning that Europe's largest economy was in "difficult waters" as it faced a series of headwinds.

Food watchdog lodges complaint over Nestle mineral water 'fraud'

Consumer watchdog Foodwatch said it was filing a legal complaint Wednesday against food giant Nestle and another group over them allegedly fraudulently treating water for their top mineral water brands.

HSBC reports 'record profit' of $30.3 bn in 2023

HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax gains soared by nearly 80 percent, with the banking giant also announcing further share buybacks.

China stocks jump after rate cut as markets await US tech earnings

Hong Kong and Shanghai stocks jumped Wednesday after Beijing's latest measures to boost the stuttering economy but declines on Wall Street weighed on other Asian markets.

German economy buffeted by 'perfect storm'

Weaker exports, costly energy and a stuttering green transition have combined to form a "perfect storm" for the German economy, leaving Chancellor Olaf Scholz's coalition bickering over how to change course.

Asian stocks lower after Wall Street losses

Asian markets were mostly down Wednesday, tracking US losses as investors await a key tech earnings report and Fed policy meeting minutes later in the day.

What to know about the NASA-funded commercial Moon fleet

The year 2024 promises to be a busy one for American Moon landings, all under a new partnership between NASA and the space industry.

Eleven Ukraine children returned from Russia

Eleven Ukrainian children crossed the border from Belarus to Ukraine Tuesday evening, in the latest return of children taken to Russia and occupied territories during the nearly two-year Ukraine war.

British billionaire Ratcliffe completes purchase of minority stake in Man Utd

British billionaire Jim Ratcliffe said becoming a co-owner of Manchester United is a "great honour" and "responsibility" after his purchase of a minority stake was finalised on Tuesday.

Musk says patient moves cursor with brain implant

Elon Musk says the first human patient with a brain implant from his Neuralink startup is able to move a computer mouse with thought.

Russia, Venezuela to boost cooperation in energy, including nuclear

Anti-American allies Russia and Venezuela vowed to boost cooperation in oil and gas production and the "peaceful use of nuclear energy" at a meeting of foreign ministers in Caracas Tuesday.

Capital One's takeover of Discover reshuffles US credit card sector

Capital One's proposed merger with the US credit card specialist Discover has reshuffled the deck in a fast-growing sector in the United States, where cash is gradually disappearing from the landscape.

US to announce new sanctions against Russia over Navalny death

The United States will announce fresh sanctions on Russia on Friday over the death in prison of opposition leader Alexei Navalny, as a string of European governments summon Russian diplomats.

Global stocks mostly lower despite China rate cut

Wall Street and European stocks mostly fell on Tuesday as gains made in Asia after China's central bank sprang a record cut to a benchmark lending rate to boost the nation's struggling economy failed to carry over.

The Body Shop to shut nearly half of UK shops

The UK arm of The Body Shop cosmetics group will shut nearly half its 198 outlets, adminstrators brought in to save parts of the distressed company said Tuesday.

Eiffel Tower closed again as staff extend strike

The Eiffel Tower, one of the world's top tourist attractions, remained closed for a second straight day Tuesday as staff extended a strike over the monument's financing.

Arizona Tribune - Economy (English)