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European stocks mostly drop with eyes on US Fed

European stock markets mostly dropped Wednesday ahead of a speech by the new head of the Federal Reserve, Kevin Warsh, that could indicate the timing of likely US interest-rate rises.

Chinese firm sells hyper-real, 'always loyal' humanoid robots

Their metallic frames covered in supple, lifelike skin, a posse of new Chinese robots meant for companionship can offer users AI-generated conversation or a hand to hold, complete with manicured nails.

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Global stocks mixed as S&P 500 closes at new record

Global stocks mostly rose Wednesday, fueled by some strong earnings results in New York, robust business activity in Europe, and intervention by regulators in China.

Spurs tycoon Lewis pleads guilty to insider trading: prosecutor

The billionaire British former owner of Premier League side Tottenham Hotspur, Joe Lewis, pleaded guilty to insider trading in a US federal court on Wednesday, a prosecutor said.

Amazon tightens police access to Ring camera video

Amazon on Wednesday said it will stop letting police directly ask people for video from the company's Ring doorbell or home security cameras.

Sobering news: French winemakers go teetotal

Orders for Coralie de Bouard's alcohol-free red wine have been gushing in since the Qatari owners of Paris Saint-Germain football club asked her to come up with a teetotal tipple for them.

From Africa, Blinken presses US to extend AIDS fight mandate

US Secretary of State Antony Blinken on a visit to Africa called on Congress to overcome an impasse and reauthorise a major two-decade plan against HIV/AIDS, saying lives were at stake.

Argentines down tools in challenge to budget-slashing Milei

Argentine President Javier Milei faced the first major challenge to his budget-slashing policies Wednesday as workers downed tools en masse and took to the streets in protest.

Canada central bank holds key lending rate at 5%

The Bank of Canada on Wednesday held its key lending rate at five percent for the fourth time in a row, saying it remains concerned about stubbornly high inflation.

Stock markets rally on earnings, rate cut hopes and stimulus

Global stocks pushed higher on Wednesday on a mix of positive earnings reports, rate cut hopes and stimulus measures.

EU tools up to protect key tech from China

The European Union unveiled Wednesday plans to strengthen the bloc's economic security including measures to protect sensitive technology from falling into the hands of geopolitical rivals like China.

Eurozone stock markets rally as data ignites rate-cut hope

Eurozone stock markets rallied Wednesday as a further drop in business activity across the single-currency bloc stoked hopes that the European Central Bank would cut interest rates this year.

ASML profits soar, 'positive' signs for chips despite trade spats

Dutch tech giant ASML, which supplies chipmaking machines to the semiconductor industry, reported Wednesday a rise in annual net profit despite a high-tech trade spat between China and the West.

French trial sought for airline chief over 2004 Egypt crash

French prosecutors have requested that the former chief of Egypt's Flash Airlines stand trial over a 2004 crash off the Sinai Peninsula that killed 148 people, a judicial source said Wednesday.

Asian markets mostly rise, Hong Kong boosted by Alibaba rally

Most Asian markets rose Wednesday, with Hong Kong leading the pack for a second day following reports Alibaba's co-founders had bought huge stakes in the firm, while China announced fresh measures to boost bank lending.

Israel strikes key Gaza city as public mourns slain soldiers

Israel kept up its heavy assault on the "encircled" Gazan city of Khan Yunis following an outpouring of grief over the army's deadliest single day since ground operations in the territory began.

French waste group Veolia hungry for lost UK energy

A giant crane-operated claw plunges into a mountain of rubbish before dumping its load into a huge furnace, where the waste is engulfed in flames to generate electricity.

Europe's bike industry hits bumps as cycling craze cools

At a bicycle trade fair in Stuttgart, steep discounts on brand-new models hint at the turmoil roiling the industry now that a pandemic-fuelled cycling craze has faded.

Fears over economy grow as German rail begins longest strike

German train drivers began on Wednesday their longest-ever strike, piling on travel misery for thousands of passengers in an escalating industrial dispute that economic experts warn could cost the economy up to a billion euros ($1.1 billion).

Did central banks break inflation? Some economists have doubts

Central bankers who orchestrated the wave of interest rate hikes over the past two years, hoping to avoid a painful inflationary spiral, are now facing an uncomfortable question: Were their moves helpful?

Asian markets mostly up, Hong Kong boosted by Alibaba rally

Most Asian markets rose Wednesday, with Hong Kong leading the pack for a second day following reports Alibaba's co-founders had bought huge stakes in the firm, a day after it emerged China was planning a blockbuster boost for the country's stuttering equities.

Brazil town still feels trauma of mine dam collapse five years on

Nathalia de Oliveira, an intern at Brazilian mining giant Vale in the town of Brumadinho, was talking on the phone with her husband when she noticed a rush of birds overhead and felt the ground shake beneath her.

US pastor who pocketed investors' $1.3m says God told him to do it

A US pastor who sold a worthless cryptocurrency to his flock and pocketed $1.3 million, using some of it to remodel his house, has insisted he was only doing what God told him.

Alaska Airlines finds many loose bolts on its Boeings as United questions orders

Boeing came under renewed pressure Tuesday as the head of Alaska Airlines said inspections carried out after a dangerous incident had found many loose bolts on its 737 MAX 9 aircraft.

Global stocks mixed amid varied Wall Street earnings results

Global stock markets treaded water on Tuesday as investors eyed a raft of corporate earnings for clues as to whether growing optimism for the US economy this year is warranted.

Conde Nast staff stage walkout against layoffs

Hundreds of unionized staffers at Conde Nast, the parent company behind legacy publications including Vogue and Vanity Fair, walked out Tuesday in protest of looming layoffs.

Prime real estate: Original Amazon House up for sale

The house where Jeff Bezos founded online shopping mammoth Amazon is up for sale, offering one lucky buyer the chance to own a piece of internet history.

Tears as Romanians flock to artist Brancusi's 'homecoming'

A Brancusi show billed as the "symbolic homecoming" of the sculptor to his native Romania has been a huge hit, leaving some visitors in tears.

Israel faces mounting pressure to end Gaza war amid deadliest day for troops

Israel on Tuesday said 24 soldiers died in the biggest single-day losses since the start of its ground war in Gaza amid growing pressure on the government to end the conflict.

Stocks mixed after Wall Street records, all eyes on earnings

Stock markets treaded water on Tuesday as investors eyed a raft of corporate earnings.

P&G reports mixed earnings, higher prices boost revenue

Consumer goods giant Procter & Gamble painted a mixed picture in its earnings report Tuesday, as price hikes supported revenue growth but customers appeared to pull back in some purchases.

Stocks, dollar diverge as oil drops

Stock markets diverged and oil prices retreated Tuesday as Chinese officials reportedly mull action to bolster its flagging economy.

Russian hackers suspected of Sweden cyber attack

Online services at some Swedish government agencies and shops have been disrupted in a ransomware attack believed to have been carried out by a Russian hacker group, IT consultancy Tietoevry said.

Japan give goalkeeper 'full support' after racist abuse

Zion Suzuki has "the full support" of Japan's squad at the Asian Cup after the goalkeeper was racially abused online, their coach said on Tuesday.

Arizona Tribune - Economy (English)