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French minister urges angry farmers to trust cow culls, vaccines

France's agriculture minister Monday defended planned mass cattle culls and vaccines to control an infectious bovine disease, after farmers vowed no let-up in their protests against what they view as excessive slaughtering.

Stock market optimism returns after tech selloff but Wall Street wobbles

European stock markets recovered upward momentum on the back of interest rate optimism Monday following a brief correction affecting mostly the tech sector, but gains were pared as Wall Street ran out of steam by the late morning.

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Confidence falls among Japan's major manufacturers

Business confidence fell slightly among Japan's largest manufacturers for the fourth straight quarter, a closely watched Bank of Japan survey showed Wednesday.

Growth downgrade for China 'very likely' on Covid surge: IMF chief

A lower growth forecast is "very likely" for China this year and next, with easing Covid-19 restrictions bringing a surge in infections and temporary difficulties, IMF chief Kristalina Georgieva told AFP Tuesday.

In Peru, outside Castillo's prison supporters vow fight to the end

Tearfully, an emotional Ana Karina Ramos vows to stay "as long as is necessary" in front of the prison where Peru's former president Pedro Castillo is being held after attempting to dissolve parliament and rule by decree.

Amnesty lashes Morocco, Spain over Melilla migrant 'carnage'

Amnesty International on Tuesday blasted as "carnage" the deaths of dozens of migrants trying to cross into Spain's North African enclave Melilla, accusing Rabat and Madrid of seeking to cover up what happened.

US charges crypto tycoon Bankman-Fried with 'massive' fraud

US prosecutors slapped disgraced cryptocurrency tycoon Sam Bankman-Fried with multiple criminal charges on Tuesday for massive fraud as he built his FTX crypto empire.

India's Paytm to buy back shares after 75% stock rout

Indian mobile payments giant Paytm will launch a share buyback, it said Tuesday, offering investors little more than a third of what they paid just over a year ago in the country's then-biggest IPO.

French comics world torn over author accused of promoting incest

Debate raged in France Tuesday over whether a star graphic novelist should be feted at a top comics festival despite work accused of evoking paedophilia and incest.

Fed opens meeting with smaller rate hike in the cards

US central bankers started a two-day policy meeting Tuesday, with all eyes searching for clear signs that decades-high inflation in the world's biggest economy is definitively slowing.

Stocks surge, dollar drops as US inflation cools

Stocks surged while the dollar dropped Tuesday as US inflation slowed more than expected, opening the way for the Federal Reserve to reduce the tempo of interest rate hikes.

US inflation slows in November in smallest spike in year

US consumer inflation eased in November, according to government data released Tuesday, bringing some relief to policymakers with the smallest annual increase over the past year.

BoE to test 'shadow banking' after markets chaos

The Bank of England will test so-called shadow banking institutions such as pension funds, that played a key role in recent UK bond market chaos, it said Tuesday.

Stocks climb before US inflation data

Stock markets mostly climbed Tuesday before the release of key US inflation data later in the session.

United Airlines announces huge Boeing 787 order

Betting on robust demand for international travel, United Airlines on Tuesday unveiled an order of 100 new Boeing 787 Dreamliners with options for an additional 100 jets.

French left-wing MP's future in doubt after domestic violence conviction

A prominent young leader of France's hard-left France Unbowed party was handed a suspended four-month prison sentence Tuesday after admitting to slapping his wife, a conviction that jeopardises his chances of returning to the political front-lines.

Markets mixed ahead of inflation, Fed decision

Markets were mixed Tuesday as nervous investors sat tight ahead of key US inflation data and a Federal Reserve policy decision but fresh pledges by China to open up from zero-Covid offered support.

Asian markets mixed ahead of inflation, Fed decision

Asian markets were mixed Tuesday as nervous investors sat tight ahead of key US inflation data and a Federal Reserve policy decision but fresh pledges by China to open up from zero-Covid offered support.

US set to announce nuclear fusion breakthrough

The US Department of Energy is expected to announce Tuesday that its researchers have achieved a "major scientific breakthrough" regarding nuclear fusion, a technology seen as a possible revolutionary alternative power source.

Biden to sign same-sex marriage protections into law

President Joe Biden will on Tuesday sign into law a bill granting federal protections to same-sex marriage -- gathering thousands of guests at the White House to celebrate the legislative milestone.

Asian markets extend US rally ahead of inflation, Fed decision

Asian markets mostly rose Tuesday, with nervous investors sitting tight ahead of key US inflation data and a Federal Reserve policy decision but fresh pledges by China to open up from zero-Covid offering support.

China launches WTO dispute over US chip sanctions

China has filed a dispute with the World Trade Organization over US restrictions on chip exports, Beijing's commerce ministry said in a statement late Monday, accusing Washington of threatening global supply chains.

Seven dead as Peru's new leader fails to quell protests

Five more protesters died in Peru on Monday as violent demonstrations over the ousting of the former president showed no sign of dying down, despite his successor's efforts to quell the unrest.

Two more dead as Peru's new leader fails to quell protests

Two more protesters died in Peru Monday as violent demonstrations over the ousting of the former president showed no sign of dying down -- despite his successor's efforts to quell the unrest.

Los Angeles mayor declares homelessness state of emergency

A state of emergency over spiraling levels of homelessness was declared in Los Angeles on Monday as the new mayor pledged a "seismic shift" for one of the most intractable problems in America's second biggest city.

Protesters block Peru airport over ousting of president

Hundreds of protesters on Monday used burning tires, wood and rocks to block the airport runway in Peru's second-largest city, Arequipa, demonstrating against the ousting of former president Pedro Castillo.

US biopharma firm Amgen to acquire Horizon Therapeutics for $28 bn

US biopharmaceutical firm Amgen said Monday it has reached agreement to acquire Horizon Therapeutics, which specializes in medicine for rare and auto-immune diseases, for $27.8 billion.

Musk to relaunch Twitter plan after fake account fiasco

Twitter owner Elon Musk was set to relaunch a subscription service on Monday after a first attempt saw an embarrassing spate of fake accounts that scared advertisers and created doubt on the site's future.

One in five cars on Norway's roads are electric

One in five cars on Norway's roads are electric, a share that has doubled in less than three years, the Norwegian Electric Vehicle Association said Monday.

Greek MEP Eva Kaili, ex-TV host accused of taking bribes

Only 11 months after she became a European Parliament vice president, Greek MEP Eva Kaili is at the heart of an alleged corruption scandal involving Qatar and the EU, a far cry from the days when she presented the news.

Stock markets diverge ahead of key rate decisions

Wall Street pushed higher but European and Asian stock markets dropped Monday as investors looked ahead to interest rate decisions this week from major central banks including the Federal Reserve.

Greek MEP Eva Kaili, ex-TV presenter accused of taking bribes

Mercedes plans 1 bn-euro electric van plant in Poland

German automaker Mercedes-Benz said Monday it planned to inject more than one billion euros into a new plant in Poland dedicated to building fully electric vans.

Stock markets begin week lower ahead of key rate decisions

European stock markets dropped Monday following losses in Asia, as investors looked ahead to interest rate decisions this week from major central banks including the Federal Reserve.

Arizona Tribune - Economy (English)