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Inflation slows in top eurozone economies as ECB ponders next move

Inflation slowed in the eurozone's three largest economies in June, data showed Tuesday, boosting the likelihood of the European Central Bank keeping interest rates on hold at its next meeting.

Record number of 'new millionaires' in 2025, says UBS

Global personal wealth surged in 2025, with a record number of new millionaires, Swiss bank UBS said Tuesday.

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Venezuela-Guyana tensions soar, US mounts military exercises

The United States announced joint military flight drills in Guyana on Thursday as soaring tensions over a contested oil-rich region with neighbor Venezuela prompted the UN Security Council to call an urgent meeting.

Stock markets diverge, oil in slight rebound

Global stock markets diverged on Thursday, on the eve of key US jobs data, as oil prices rebounded slightly from five-month lows.

US firm Arctos Partners acquires 'minority stake' in Paris Saint-Germain: club

French champions Paris Saint-Germain said on Thursday US investment firm Arctos Partners had acquired a minority stake in the Qatari-owned French club.

EU to resume negotiations on world's first AI law on Friday

The European Union failed to clinch a deal Thursday on a sweeping law on artificial intelligence after nearly 24 hours of negotiations, but vowed to continue talks the next day.

Stock markets retreat, oil in slight rebound

European and Asian stock markets retreated Thursday on the eve of key US jobs data, as oil prices rebounded slightly from five-month lows.

Bitcoin rally shines spotlight on investor risks

A much-anticipated US approval of wider bitcoin trading has helped the world's biggest cryptocurrency reach 20-month heights, risking however pain for new investors unaccustomed to its volatility.

Asia, Europe track Wall St stock losses as US jobs market softens

Asian stocks sank Thursday, extending a rollercoaster week across world markets as investors jockey for position ahead of key US jobs data and oil struggled to bounce back after hitting a five-month low.

EU tells China 'differences' must be addressed

EU President Ursula von der Leyen told Chinese leader Xi Jinping on Thursday that the bloc and its biggest trading partner must address their differences, as they began the first in-person EU-China summit in over four years.

China says exports rise for first time in seven months

Chinese exports rose in November for the first time in seven months, officials said Thursday, as the country navigates a troubled recovery from the Covid-19 pandemic.

EU leaders meet China's Xi for summit with high stakes but low expectations

European leaders met Chinese President Xi Jinping in Beijing on Thursday for talks dominated by divisions between the bloc and its largest economic partner over everything from trade to the war in Ukraine.

New York's Met takes a feminist look at global fashion

New York's Metropolitan Museum has pulled the curtain back on its latest blockbuster exhibit, showcasing women couturiers many of whom have been kept in the shadows of obscurity until now.

G7 leaders agree to restrict imports of Russian diamonds: statement

G7 leaders agreed on Wednesday to restrict imports of Russian diamonds from next year in a tightening of sanctions over Moscow's invasion of Ukraine, they said in a statement.

US oil prices slide below $70 a barrel; mixed day for global stocks

US oil prices finished below $70 a barrel for the first time since July on Wednesday on a mixed day for global equities, as traders pondered hopes for interest rate cuts from the European Central Bank and the US Federal Reserve.

COP28 head presses nations to reach climate 'compromise'

The Emirati head of the UN's climate conference pressed countries on Wednesday to strive for common ground and reach a "historic" deal by early next week, giving negotiators days to untangle disagreements over the fate of fossil fuels.

Big US banks balk at new capital rules in Senate hearing

Large US banks railed against new proposed capital requirements at a congressional hearing on Wednesday, joining Senate Republicans in casting the measures as crimping loans to everyday Americans.

Rwanda threatens pull out from migrants deal if UK acts unlawfully

Rwanda on Wednesday warned that it would pull out of a treaty to accept migrants if the UK does not respect international law, as hardliners in London turned the screw on Prime Minister Rishi Sunak.

US Treasury targets network for fentanyl import

The United States is imposing sanctions on 15 Mexican individuals accused of involvement in importing fentanyl into the country, Treasury Secretary Janet Yellen said Wednesday, as Washington seeks to further the fight against the deadly substance.

Hardline ex-minister warns UK PM of poll wipeout over immigration

Britain's hardline former interior minister Suella Braverman on Wednesday issued Conservative Prime Minister Rishi Sunak an ultimatum to get tougher on immigration or face certain wipeout at the polls.

Canada maintains key interest rate at 5%

Canada's central bank on Wednesday held its key lending rate at five percent, citing the global economic slowdown and easing inflation.

Shark net protects swimmers in French Pacific territory

Beach lovers were able to take a dip in New Caledonia's capital Noumea for the first time in months Wednesday, after the French Pacific territory installed a controversial net to keep sharks out.

Cracks in Western support pose new challenge for Ukraine

Ukraine faces growing diplomatic headwinds after its summer counter-offensive against Russia's forces faltered, with aid from vital backers in the United States and EU being increasingly called into question.

Google looks to take generative AI lead with Gemini

Google on Wednesday infused its Bard chatbot with a new-generation artificial intelligence model called Gemini, which it touts as being able to reason better than ChatGPT and other rivals.

Italy's ruling parties kill minimum wage bill

Italy's governing right-wing parties on Wednesday scuppered an attempt by the opposition to introduce a minimum wage, which would have brought the country into line with the majority of the EU.

US October trade deficit widens further on decline in exports

The US trade deficit continued to grow in October due to a fall in exports, according to government data published Wednesday.

US private sector job growth slows in November

Hiring in the US private sector eased in November, as the post-pandemic boom in restaurant and hotel employment moderated, payroll firm ADP said Wednesday.

Stock markets rise on rate-cut hopes

Global equities rose Wednesday with Frankfurt striking a record peak, as investors tracked resurgent hopes of interest rate cuts from the European Central Bank and the US Federal Reserve.

Volkswagen to reduce workforce as it chases profits

Volkswagen said Wednesday it would cut its workforce over the coming years as the German auto giant seeks to boost its profitability and reboot a faltering shift to electric cars.

Paris officials warn against metro price hikes during Olympics

The mayor's office in Paris has urged the regional transport authority to abandon its plan to near-double metro fares during the Olympics this summer.

EU proposes three-year delay on UK electric car tariffs

Brussels proposed Wednesday a three-year delay on tariffs on the sale of electric vehicles between Britain and the EU that was meant to kick in from January, in a major reversal of its previous position.

Record passengers as airline industry recovers from pandemic

Airlines should carry a record number of passengers next year as the sector puts the Covid-19 pandemic behind it, the industry's top trade association said Wednesday, although profitability remains a concern.

Markets on front foot as US jobs data provide new rate cheer

Equities rose Wednesday after a tepid start to the week as data pointing to a softening US labour market restoked hopes the Federal Reserve will cut interest rates in the new year.

Argentina's Milei doggedly devoted to cloned pooches

He dedicated his election victory to them: the clones he had made of his beloved dog, Conan. Argentina's ultra-libertarian president-elect Javier Milei may be considered barking mad by some, but is nothing if not devoted to his "four-legged children."

Arizona Tribune - Economy (English)