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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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Chinese appetite for Australian barley is back

Three years after steep Chinese tariffs halted imports of Australian barley as tensions between the two countries ratcheted higher, the grain is once again flowing freely.

From Berlusconi to Tina Turner and Delors: notable deaths of 2023

From Italy's ex-premier Silvio Berlusconi to rock queen Tina Turner and former European Commission President Jacques Delors, here are some of 2023's most notable deaths.

Stock markets diverge to end record-breaking year

Stock markets diverged on Friday on the final trading day of a year during which major indices hit record highs as inflation cooled.

Spanish PM appoints new economy minister

Spanish Prime Minister Pedro Sanchez on Friday appointed Carlos Cuerpo, the head of the treasury, to be his new economy minister.

Ancelotti snubs Brazil, commits to Real Madrid

Carlo Ancelotti extended his contract with Real Madrid to June 2026 on Friday which would rule him out of becoming Brazil national coach.

Stock markets close out record-breaking year with gains

Stock markets mostly rose Friday, the final trading day of a year which saw major indices hit record highs as inflation cooled.

China's Huawei says expects revenue up almost nine percent in 2023

Chinese tech giant Huawei said Friday it "weathered the storm" of US sanctions as it announced a rise of almost nine percent in revenues in 2023, a year that saw it shock Washington with the release of a high-end smartphone.

Legal battles loom as first Mickey Mouse copyright ends

Almost a century after his big-screen debut, Mickey Mouse enters the public domain Monday, opening the floodgates to potential remakes, spin-offs, adaptations... and legal battles with Disney.

Guinea's economy struggles after fuel depot fire

Almost two weeks after a huge fire in Guinea's main fuel depot brought death and destruction, anger is growing as the economy is reeling, with inflation rising, petrol rationed and no trucks moving merchandise.

Stock markets mixed as trading year nears end

Stock markets diverged on the penultimate trading day of 2023 Thursday as investors cautiously look ahead to next year when the US Federal Reserve is expected to cut interest rates.

French star chef quits restaurant after 'troubling' hazing

A French star chef has abruptly quit his luxury hotel job after a hazing in which a kitchen hand was reportedly tied up naked and humiliated, the hotel chain said Thursday.

Asian stocks trade higher on Fed rate hopes

Asian stocks were largely higher on Thursday, with Hong Kong leading the gains as investors worked on expectations the US Federal Reserve will cut rates next year.

US, Mexico see headway on migration as Blinken pays emergency visit

Top Mexican and US officials said that they made progress Wednesday in emergency talks on curbing a surge in migration, which has become a major headache for President Joe Biden as he enters an election year.

India targeting high-profile journalists with spyware: Amnesty

India's government has recently targeted high-profile journalists with Pegasus spyware, Amnesty International and The Washington Post said in a joint investigation published Thursday.

Asian stocks open higher on Fed rate hopes

Asian stocks opened largely higher on Thursday, with Hong Kong leading the gains as investors worked on expectations the US Federal Reserve will cut rates next year.

Oil spill blackens part of Venezuela's western coast

An oil spill is sloshing tarry ooze onto beaches in the state of Carabobo along Venezuela's western coastline, several environmental groups said on Wednesday.

Apple wins watch ban pause in US patent feud

A federal court handed Apple a victory on Wednesday by suspending a ban on the US sale of its latest watch models in a feud over patents with health company Masimo.

Argentines protest Milei's economic reforms

Thousands of Argentines took to the streets of Buenos Aires on Wednesday, clashing with police as they protested a decree of sweeping economic reform and deregulation published by President Javier Milei.

Global stocks rise after holiday break as oil prices retreat

Global stocks mostly rose Wednesday as several more major markets returned from the Christmas holiday break as investors remained broadly optimistic in light of easing pressure from central banks.

Blinken seeks way forward in Mexico on migration surge

US Secretary of State Antony Blinken opened talks Wednesday in Mexico in hopes of tackling surging migration, which has become a major political headache for President Joe Biden as he enters an election year.

Stock markets rise after holiday break

Global stocks edged higher Wednesday as several more major markets returned from the Christmas holiday break, with traders optimistic that the US Federal Reserve will cut interest rates early next year.

Shipping giant CMA-CGM joins Maersk in Red Sea return

French shipping giant CMA-CGM has resumed some transit through the Red Sea, days after Danish group Maersk announced it would return as a US-led naval coalition is now policing the maritime route against Yemeni rebel attacks.

Stock markets rise after festive break

Asian and European stocks climbed Wednesday, with several key equity markets reopening after a festive break, as investors bet on the US Federal Reserve cutting interest rates as early as March.

Russia says redirected most oil exports to China, India

Russia has redirected its oil exports from Europe to China and India, Deputy Prime Minister Alexander Novak said Wednesday, almost two years after Moscow was hit by Western sanctions over the Ukraine conflict.

Asian stocks track US gains in 'Santa Claus rally'

Asian markets opened higher on Wednesday, tracking Christmas holiday gains on Wall Street, with investors betting on the US Federal Reserve cutting interest rates as early as March.

US rap star Kanye West apologizes for anti-Semitism

US rapper Kanye West apologized to the Jewish community Tuesday, after a series of anti-Semitic comments that sparked outrage and led to the star being dropped from lucrative commercial deals and banned from social media.

Apple to appeal US Watch ban

Apple said on Tuesday it will appeal a US import ban on its latest smartwatch models after the Biden administration opted to not veto a ruling on patent infringements.

Homelessness soars in rural England as living costs hit poor

Homelessness in rural England has risen by 40 percent in five years with many sleeping in the open air, tents or makeshift shelters, a British rural charity said on Tuesday.

Toyota's Daihatsu suspends all domestic production

Japanese car maker Daihatsu has suspended all its domestic production as the Toyota-owned company faces a massive safety testing scandal.

Plane held for days in France on trafficking concerns lands in India

A plane that had been grounded in France for days over concerns its nearly 300 mostly Indian passengers were part of a human trafficking scheme has landed in Mumbai, flight tracking data showed early Tuesday.

Indian plane passengers held in France probe set to leave

A plane with 303 Indian passengers detained near Paris over suspicions of human trafficking was due to leave Monday for Bombay, French judicial officials said.

War rages in Gaza, dimming Christmas lights in Bethlehem

Israel on Sunday pressed on with its war on Hamas in Gaza, shifting focus to the besieged territory's south as a spiralling death toll has thrown a pall of gloom over Bethlehem on Christmas Eve.

Arizona Tribune - Economy (English)