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Featured

World Bank to phase out lending to China by 2031

The World Bank will phase out its lending to China by 2031, according to the organization's new country partnership framework, a source familiar with the matter told AFP on Tuesday.

No corn dogs? Trump's 'Great American State Fair' threatens to be a flop

Deserted booths, sparse crowds and prayer tents. Welcome to the Great American State Fair, where a celebration of the country's 250th birthday has morphed into a new political battlefront.

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German car sales up in 2023 but electric models lose ground

Sales of new cars in Germany increased in 2023, official data showed Thursday, but an end to government subsidy programmes saw electric vehicles lose ground on fossil-fuel models.

Russia hopes to wear down Ukraine with mass strikes: analysts

Russia's latest massive strikes against major Ukrainian cities aim at wearing out both the population and air defences, experts say, as Kyiv urges Western allies to provide more weapons.

TotalEnergies announces land review in controversial Africa projects

French energy giant TotalEnergies on Thursday said it had launched a land acquisition assessment for controversial $10-billion projects in Uganda and Tanzania slammed by environmentalists.

Private sector funding key to climate transition, World Bank chief says

The World Bank is working to slash how long it takes to get financing projects off the ground as part of a push to speed up and scale up the 79-year-old development lender, its president told AFP on Wednesday.

US interest rates likely to stay high 'for some time': Fed minutes

US Federal Reserve officials expect interest rates will need to remain high "for some time" to tackle stubborn inflation, according to minutes of the most recent rate decision published on Wednesday.

Republicans push impeachment of Biden immigration chief

US Republicans announced impeachment proceedings Wednesday against Joe Biden's homeland security chief over the worsening border crisis, as they seek to cement immigration as a major issue in November's presidential election.

Migrant arrivals in Spain nearly doubled in 2023

The number of migrants arriving illegally in Spain soared by over 80 percent in 2023, with a record number landing in the Canary Islands, official figures showed Wednesday.

GM rides 'strong demand' to grow US auto sales

US automaker General Motors reported Wednesday a jump in vehicle sales for 2023, citing robust demand in a year also boosted by easing supply issues.

Oil prices jump, stocks slump after Iran blasts

Global markets were rattled Wednesday as blasts in Iran that killed at least 103 fanned fears of the war between Israel and Hamas spreading further.

Ethiopia defends Somaliland deal as Somalis protest

Ethiopia insisted on Wednesday that its controversial deal with the breakaway region of Somaliland broke no laws after Somalia accused its neighbour of a blatant attack on its sovereignty.

Algerian football international Atal convicted over Gaza post

Algerian international footballer Youcef Atal was handed an eight-month suspended sentence by a French court Wednesday for inciting religious hatred in a social media post about the conflict in Gaza.

Global stocks mostly retreat

Asian and European stock markets mostly fell Wednesday as traders took cash off the table after a blockbuster end to 2023, with eyes now on the release this week of US Federal Reserve minutes and jobs data.

French oyster sales clam up as contamination scare spreads

When Philippe Le Gal brought his oysters to market this weekend, he expected them to sell quickly. It was, after all, New Year's Eve, a day when the delicacies are a crucial ingredient for champagne-soaked celebrations in French homes and restaurants.

Doctors in England start longest strike in NHS history

Hospital doctors in England on Wednesday began their longest consecutive strike in the seven-decade history of Britain's National Health Service (NHS).

Fears in Wales over legacy of its coalmining past

It was nearly four years ago but the memory of the landslip that sent 60,000 tonnes of old mining debris sliding down a Welsh hillside still haunts former miner Jeff Coombes.

Doctors in England to hold longest NHS strike ever

Hospital doctors in England on Wednesday begin their longest consecutive strike in the seven-decade history of Britain's National Health Service (NHS).

BYD: Chinese electric vehicle giant that has overtaken Tesla on sales

China's BYD has overtaken US electric vehicle giant Tesla as the world's leading EV deliverer, according to recent sales figures.

Asia tracks global losses as stock traders step back after rally

Asian markets fell Wednesday in line with a sell-off across most of the world as traders took their cash off the table after a blockbuster end to 2023, with eyes now on the release this week of Federal Reserve minutes and US jobs data.

Global stocks stumble at start of new trading year

Global stock markets mostly dipped Tuesday, the first trading day of the year, as a global equity rally stumbled on concerns traders had been too optimistic in the final days of 2023.

Somalia rejects Ethiopia-Somaliland deal as 'aggression'

Somalia on Tuesday vowed to defend its territory after a controversial deal between Ethiopia and the breakaway state of Somaliland that it branded an "aggression".

Stock stumble at start of new trading year

Global stock markets mostly fell on Tuesday, the first trading day of the year, as a global equity rally stumbled.

Stock markets mixed at start of new trading year

Europe's main stock markets mostly rose after Asian indices finished lower and the dollar rose Tuesday, the first trading day of the year.

China's Baidu cancels $3.6 bn purchase of livestreaming site

Chinese internet giant Baidu has said it was cancelling the planned multi-billion-dollar purchase of livestreaming platform YY Live, partly blaming its inability to get government approval.

No new year bounce for stocks, even as traders eye rate cuts

Asian markets were mixed Tuesday as most traders returned from the New Year break looking forward to a 2024 that is expected to see a series of Federal Reserve interest rate cuts, but to also be full of economic and political uncertainty.

Niger celebrates unity in the wrestling arena

The winner falls to his knees, arms raised triumphantly. After just eight minutes, his opponent's knee and elbow have touched the sand, handing "Issaka Issaka" an historic win in Niger's king of sports.

New women's North American hockey league launches

Women's ice hockey kicked off the new year with the launch of a new professional league, which debuted Monday with the very first match between the Toronto and New York teams.

Ethiopia, Somaliland agree deal on port access

Ethiopia on Monday struck a "historic" agreement to secure a stake in the main port in Somalia's breakaway region of Somaliland as the landlocked country eyes more access to the sea, officials said.

Denmark's Margrethe II, queen of hearts and the arts

Denmark's popular Queen Margrethe II, Europe's longest-serving monarch and last reigning queen after the death of Britain's Elizabeth II, is hailed for modernising Danish royalty in her half-century on the throne.

China's Xi hails 'resilient' economy in bullish New Year speech

President Xi Jinping said Sunday the Chinese economy had grown "more resilient and dynamic" in 2023, despite financial figures continuing to disappoint as the post-Covid recovery stalls.

Eurostar services resume as cause of flooded tunnel probed

Eurostar warned customers travelling from London on Sunday of potential delays after flooding forced the cancellation all Saturday trains.

Fresh Eurostar cancellations cause misery for New Year travellers

Eurostar trains were cancelled on Saturday due to flooded tunnels in southern England, causing misery for New Year travellers in the second major disruption in 10 days.

Eurostar cancels trains due to flooded UK tunnels

At least 14 Eurostar trains were cancelled on Saturday after flooding in tunnels in southern England, stranding thousands of passengers just ahead of New Year's Eve.

Arizona Tribune - Economy (English)