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Featured

Bond yields jump despite $6 bn US government intervention

Yields on long-term US Treasury bonds surged Wednesday after a $6 billion government bond buyback that disappointed markets that had expected a bigger number.

US-blockaded Cubans appeal to 'Cachita' for divine intervention

Father-to-be Carlos Trejo paid his respects to Cuba's patron saint as he and thousands more marked the annual celebration in her name, wondering what fate awaits the US-blockaded island.

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China's EV execs bullish on Western pressure at Beijing car show

Electric vehicle executives at a top car show in China were bullish on prospects for growth, despite a gruelling price war and mounting Western pressure on the industry.

Yen falls further as Bank of Japan stands pat on rates

The Bank of Japan kept its ultra-low interest rates unchanged Friday and stopped short of signalling another hike, pushing the yen to a fresh 34-year low against the dollar.

ByteDance says 'no plans' to sell TikTok after US ban law

Chinese tech giant ByteDance has said it has no plans to sell TikTok after a new US law put it on a deadline to divest from the hugely popular video platform or have it banned in the United States.

Weak yen pressures Bank of Japan rate decision

The Bank of Japan was widely expected to keep its ultra-low interest rates unchanged Friday but analysts say the tumbling yen is putting pressure on officials to act.

End of the road? Philippine jeepneys face uncertain future

The first jeepneys rolled onto the streets of the Philippines just after World War II -- noisy, smoke-belching vehicles initially made from leftover US Jeeps that became a national symbol.

Microsoft expands its AI empire abroad

Microsoft, the tech titan most closely associated with AI, has announced nearly $10 billion in investments in artificial intelligence abroad in recent months, the price it is willing to pay to remain a top player in this crucial market.

United by grief, families of Boeing crash victims demand justice

They can't bring back their children, siblings or partners, but five years on, the families of the 2019 Boeing crash victims want to ensure a similar tragedy never happens again.

Strong pricing boosts Caterpillar profits

Caterpillar reported a jump in profits Thursday as strong pricing for industrial machinery made up for lower volumes, enabling record shareholder payouts.

Biden targets fossil fuel power sector with tough new carbon rules

The United States on Thursday announced sweeping new rules requiring coal-fired plants to eliminate nearly all their carbon emissions or commit to shutting down altogether, a keystone of President Joe Biden's agenda to confront the climate crisis.

Honda announces US$11 bn EV battery and vehicle plant in Canada

Japanese auto giant Honda announced Thursday the largest automotive investment in Canada's history, worth Can$15 billion (US$11 billion), for a massive new EV battery and vehicle assembly plant.

American Airlines confirms 2024 forecast despite Q1 loss

American Airlines reported a quarterly loss Thursday on an uptick in labor and other operating costs as the carrier confirmed its full-year financial forecast.

Stocks fall as tech shares sink, US economy slows

London's stock market reached a new record high but Wall Street and eurozone equities tumbled Thursday as tech shares sank after Meta signalled an AI spending spree and data showed slower US economic growth.

Thousands of flights scrapped as French air traffic controllers strike

Thousands of flights were cancelled in France and Europe on Thursday as a strike by French air traffic controllers over pay caused stoppages not seen in decades.

Turkey central bank holds key interest rate steady

Turkey's central bank held its key interest rate steady on Thursday but warned it could hike it again as the country's soaring inflation remains a headache for President Recep Tayyip Erdogan's government.

Labour pledges to renationalise UK railways

Britain's main Labour opposition on Thursday vowed to renationalise the UK's much-maligned rail services within five years if it wins a general election due later this year.

US to give Micron $6.1 bn for American chip factories

Micron is set to receive up to $6.1 billion in grants from the US government to help build its semiconductor plants in New York and Idaho, the White House said Thursday.

BHP launches $38.8 billion takeover bid for rival Anglo American

Australian mining giant BHP confirmed on Thursday a $38.8 billion takeover bid for British rival Anglo American, a colossal deal with the potential to fundamentally reshape the sector.

Blades of Paris landmark Moulin Rouge windmill collapse

The blades of the Moulin Rouge windmill, one of the most famous landmarks in Paris, collapsed during the night, firefighters said on Thursday, just months before the French capital hosts the Olympics.

The Myanmar 'water brothers' salvaging shipwrecks on the tide

Diving into the darkness of the Yangon River, Than Nyunt starts another murky sortie in his months-long mission to salvage a sunken ship using the power of the moon.

Asian markets mixed as global rally stalls, eyes on yen

Asian equities were mixed Thursday as investors turned cautious after the past three days' sizeable gains, with Meta's warning that it will spend far more than expected this year fuelling worries that the latest tech-led rally may have gone too far.

The guardian angels of the source of the Seine

The river Seine, the centrepiece of the Paris Olympics opening ceremony in July, starts with a few drops of water in a mossy grotto deep in the woods of central France.

As 'news deserts' spread, US journalism fights on

Baltimore Banner reporter Matti Gellman is first to leap in with questions during a recent press appearance by Maryland's state governor and celebrity chef Jose Andres at an urban farm.

Tough times for Argentine factories as consumers penny-pinch

Argentina's factories, like many economic sectors, are floundering as consumers hit by sky-high inflation and shrinking income buy fewer goods.

Car giants vie for EV crown at Beijing's Auto China show

Chinese car giants locked in a cut-throat price war descend on the capital for the start of the Auto China show Thursday, vying to draw consumers and headlines in the world's biggest electric vehicle market and abroad.

Strong fleet sales offset electric losses at Ford

Strong sales in Ford's fleet business offset deep losses in electric vehicles where the Detroit auto giant has delayed some investments, according to results released Wednesday.

US Supreme Court seems split on Idaho abortion ban

The US Supreme Court appeared divided Wednesday on whether Idaho's near-total ban on abortion conflicts with a federal law requiring hospitals to stabilize patients needing emergency care, in a case that carries potentially sweeping national consequences.

Mass cancellations loom despite French air union cancelling strike

Hundreds of flights were cancelled at French airports Thursday despite the country's main air traffic controllers' union dropping a call for a one-day strike after making a deal for higher pay.

France's Casino supermarket chain to axe up to 3,200 jobs

French supermarket group Casino said Wednesday it would axe between 1,300 and 3,200 jobs as part of a reorganisation following its recent takeover led by Czech billionaire Daniel Kretinsky.

Mired in crisis, Boeing reports another loss

Troubled aviation giant Boeing reported a first-quarter loss of $343 million on Wednesday, reflecting recent safety troubles that have slowed production and deliveries.

US Supreme Court to hear high-stakes case on Idaho abortion ban

The US Supreme Court was set to hear a crucial case Wednesday weighing whether Idaho's near-total ban on abortion violates federal law requiring hospitals to stabilize patients needing emergency care.

Germany nudges up growth forecast, ailing economy at 'turning point'

The German government slightly increased its 2024 growth forecast Wednesday, saying there were signs Europe's beleaguered top economy was at a "turning point" after battling through a period of weakness.

EU lawmakers agree to exit energy treaty over climate fears

The European Parliament on Wednesday backed the EU's withdrawal from an international energy treaty over concerns it offers too much protection to fossil fuel companies.

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Arizona Tribune - Economy (English)