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Featured

US unseals warrant for tanker seized off Venezuelan coast

US authorities on Friday unsealed the warrant for an oil tanker seized off the coast of Venezuela decried as "international piracy" by Caracas.

World stocks mostly slide, consolidating Fed-fuelled gains

Stock markets on both sides of the Atlantic pulled back Friday as profit-taking trimmed some of the gains seen after the Federal Reserve's interest rate cut this week.

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Families gather for cremation of Thai nursery attack victims

Devastated families gathered Tuesday for the cremation of their loved ones killed in a Thai nursery massacre that claimed 36 lives including 24 children.

Shielding Ukraine from Russian strikes a challenge: analysts

Russia's deadly air strikes on Ukraine's cities this week have triggered calls for more military aid, but analysts warn than no air-defence systems can completely defend Ukrainian territory.

Israel hails 'historic' sea border deal with Lebanon

Israel said Tuesday it has reached a US-brokered agreement with Lebanon to settle their long-disputed maritime border, hailing a "historic achievement" that potentially unlocks significant offshore gas production for both countries.

Winter power shortages won't worry off-grid Swiss valley

While people across Europe are being urged to save energy this coming winter to avert power shortages, Switzerland's Bavona Valley is unfazed, having never been plugged into the power network.

France threatens to break refinery blockades in strike standoff

The French government on Tuesday threatened to forcibly break blockades of refineries and oil depots, which have been paralysed by striking workers, as motorists continued to besiege petrol stations in the hope of filling their tanks.

Silicon Valley billionaire Milner renounces Russian citizenship

Billionaire Silicon Valley investor Yuri Milner said Monday he had renounced his Russian citizenship.

BoE widens action on 'UK financial stability' fears

The Bank of England on Tuesday unveiled yet more measures aimed at calming markets rocked by a UK budget as it warned over risks to the nation's financial stability.

Israel says close to 'historic' maritime deal with Lebanon

Israel said Tuesday it was close to a "historic" deal with Lebanon to resolve a long-running dispute over their border in Mediterranean waters that boast rich gas reserves, after a US-drafted proposal met Israeli "demands".

Asian chipmakers plunge after US unveils China export controls

Chipmakers plunged in Asian trade Tuesday over new US measures to limit China's access to high-end semiconductors with military uses, a move that wiped billions from companies' valuations worldwide.

The Andes crash and cannibalism tale that stunned the world 50 years ago

On October 13, 1972, a plane carrying an amateur Uruguayan rugby team, along with relatives and supporters, to an away match in Chile crashed in the Andes with 45 people on board.

World failing to address 'dangerous' inequality after Covid: Oxfam

The world has mostly failed to address a "dangerous" increase in inequality in the wake of the Covid pandemic, anti-poverty campaigners Oxfam said Tuesday.

Dollar extends 2022 surge as market awaits key US inflation data

The dollar extended its banner run of 2022 on Monday, pushing higher following the latest solid US jobs data as equities retreated in both New York and Europe.

Red Bull found guilty of breaching F1 cost cap: the FIA

Red Bull and Aston Martin have been found in breach of Formula 1 financial rules, the motor sports governing body (FIA) announced on Monday, saying any punishment would be decided at a later date.

Stocks slip, dollar rises as US rate hikes seen

Global stocks slid on Monday as investors braced for more large interest rate hikes from the Federal Reserve.

No relief for French motorists as petrol strike hardens

Filling stations across France were low on petrol on Monday as a strike by workers at energy giant TotalEnergies entered its third week despite government pressure to negotiate.

Record quarterly profit for Indian software giant TCS

India's largest software exporter Tata Consultancy Services on Monday shrugged off global economic turmoil to report a record profit for any quarter, with figures that beat analyst estimates.

Air France, Airbus trial opens over 2009 Rio-Paris crash

A French trial of Air France and Airbus began Monday on charges of involuntary manslaughter over the fatal 2009 crash of a jet heading to Paris from Brazil, killing all 228 people aboard.

German experts propose energy price cap from next year

A price cap to reduce soaring German energy costs following Russia's invasion of Ukraine should come into force next year with additional help provided beforehand, a government-appointed commission recommended Monday.

Britain unveils fresh action to calm markets turmoil

Britain on Monday ramped up efforts to calm markets after a heavily criticised budget, with the government bringing forward key economic forecasts and the Bank of England boosting liquidity.

Stocks down, dollar up as markets expect more big US rate hikes

Stock markets mostly retreated and the dollar firmed Monday as forecast-beating US jobs data fanned expectations for more large interest rate hikes from the Federal Reserve.

US trio, including ex-Fed chief Bernanke, win economics Nobel

A US trio on Monday won the Nobel Economics Prize for research on banking's role in the economy, especially on the importance of avoiding collapses during financial crises.

'Born to fly': Indian pilot blazes trail for women in aviation

India has the world's highest rate of women pilots, but when Zoya Agarwal said she dreamed of conquering the skies, her mother cried and told her to wait for a "suitable boy" to marry instead.

She's training men: Bahrain hoopster breaks the mould

It's an unusual sight in the conservative Gulf state of Bahrain: a young mother in an indoor basketball court is instructing the male players.

Instagram, Twitter restrict Kanye West accounts over posts deemed anti-Semitic

Instagram and Twitter said they have restricted the accounts of US rapper Kanye West over posts slammed as anti-Semitic.

Relief for Germany's Scholz as party wins key electoral test

Germany's Social Democrats on Sunday won a closely-fought regional election that was dominated by worries over soaring energy costs, giving Chancellor Olaf Scholz a welcome boost as a difficult winter looms.

Fake heiress Anna Sorokin vows to fight deportation to Germany

Anna Sorokin, the young Russian-German woman who bilked wealthy New Yorkers while pretending to be an heiress herself, has said she would fight deportation to Germany after her recent release from prison.

German state vote tests public mood as energy crisis bites

Germans in the coastal state of Lower Saxony headed to the polls Sunday in a closely-watched regional election seen as a test for Chancellor Olaf Scholz's Social Democrats amid an acute energy crisis.

Energy firm starts tests at sensitive Israel-Lebanon border gas field

London-listed firm Energean on Sunday began testing pipes between Israel and the Karish offshore gas field, a key step towards production from the eastern Mediterranean site, a source of friction between neighbours Israel and Lebanon.

New deadly strike hits Ukraine city after Crimea bridge blast

An overnight Russian missile strike killed at least 12 people in Zaporizhzhia, authorities said on Sunday, in the latest deadly attack to hit the southern Ukrainian city that President Volodymyr Zelensky called "absolute evil".

Thai nursery massacre families pray to free children's souls

Mourning families knelt Sunday outside a Thai nursery where their children were murdered, performing a Buddhist ceremony to put their souls at rest.

Vietnam's VinFast targets US market in 'preposterously hard' gamble

Having conquered most industries at home, optimistic chiefs at conglomerate Vingroup are setting their sights much higher as they ramp up plans to sell the first ever Vietnamese car in the mighty US market.

Hey big spenders: Qatar woos the rich with luxury World Cup

With deluxe match packages selling for thousands of dollars and five-star hotels doing a brisk trade, a sheen of glamour coats Qatar's World Cup despite football's working-class roots.

Arizona Tribune - Economy (English)