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Tech rebound lifts Dow to record, yen hits 40-year low against dollar

Resurgent tech stocks helped lift the Dow to a fresh record Monday as oil prices advanced and the yen retreated to a 40-year low against the dollar.

Bolivia removes 15-year dollar peg in bid to revive economy

Bolivia on Monday lifted a 15-year peg on its dollar exchange rate in a bid to attract more greenbacks, a move aimed at ending a severe economic crisis that has sparked unrest.

Last news

German-Israeli woman captured by Hamas confirmed dead

Shani Louk, a 23-year-old German-Israeli woman captured by Hamas fighters when they stormed a music festival in the Israeli desert, is dead, Israel's foreign ministry said Monday.

Huge overspend claims at DR Congo's Francophone Games under audit

Financial auditors have arrived in DR Congo to investigate this summer's Francophone Games in Kinshasa, said the event organisers on Monday after being being blamed for vast overspending.

Taiwan's Foxconn calls for 'confidence' in wake of Chinese tax probe

Taiwan-based tech giant Foxconn said Monday its current operations were "normal", calling for confidence in the company after a tax probe launched by Chinese authorities.

Five workers killed in German building site accident: fire brigade

At least five workers were killed in the northern German city of Hamburg on Monday when a scaffolding collapsed at a building site, a fire brigade spokesman said.

Crude slips as worries of region-wide Middle East war ease

Oil prices fell Monday as Israel stepped up ground attacks on Hamas targets in Gaza but held back from a full-on incursion, fanning hopes a wider conflict can be avoided.

California startup to 'sponge' CO2 from the atmosphere

Scrubbing carbon dioxide from the air is imperative if humanity is to limit global warming, experts say, and a California startup says it can do just that, using limestone as a carbon-sucking sponge.

HSBC says pre-tax profit more than doubled in third quarter

Banking giant HSBC said on Monday that pre-tax profit in the third quarter more than doubled to $7.7 billion, reflecting the "positive impact of a higher interest rate environment".

Free trade deal between EU and Australia collapses

A free trade deal between the European Union and Australia has unravelled despite early optimism, with Canberra saying Monday it could take years until negotiations resume.

Drought and shrinking herds push US beef prices through the roof

A prolonged drought is shrinking livestock herds and driving beef prices to record highs in the US, even as consumption is growing stronger.

US Fed likely to pause again with rates at 22-year high

The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as it looks to tackle inflation without damaging the resilient US economy.

Kazakhstan mourns for 42 dead in ArcelorMittal mine disaster

Kazakhstan held nationwide mourning on Sunday after 42 people died in a blaze at an ArcelorMittal mine, the worst accident in the Central Asian country's post-Soviet history.

Kazakhstan in mourning after 36 killed at mine

Kazakhstan was in nationwide mourning Sunday after 36 people died in a fire at an ArcelorMittal mine, the worst such disaster in years which has prompted the nationalisation of the company's local affiliate.

What is a COP?

The crunch climate talks being held in Dubai from November 30 to December 12 will be the 28th such gathering of world leaders under UN auspices known as COPs.

Stellantis, striking US auto union reach tentative deal

Stellantis and the striking United Auto Workers union have reached a preliminary deal similar to the one struck earlier this week with Ford, the union said Saturday -- allowing members to go back to work at grounded factories.

Fears grow of tighter state grip on Serbian media

Two controversial bills backed by Serbian lawmakers this week have sparked fears of more state control over the media and another setback for press freedom in the Balkan nation.

Tight job market rebalances power between US business and labor

The US economy is contending with a wave of union activism unseen in decades as organized labor seizes a rare opportunity to play hardball in a tight employment market.

Panama bans new mining deals, but fails to quell protests

Panama's President Laurentino Cortizo on Friday announced a ban on new metal mining concessions, but maintained a contract with a Canadian company that has sparked massive protests in the country.

Fashion mogul categorically denies serial rapes accusations

Finnish-Canadian fashion mogul Peter Nygard, on trial in Toronto for alleged serial rapes, categorically denied any sexual misconduct as he wrapped up several days of defense testimony on Friday.

Earnings help stocks resist despite sticky inflation

Stocks traded mixed on Friday as blockbuster earnings from Amazon and Intel fuelled hope of a tech bounce despite a report showing persistent US inflation.

Bumper profits ebb at US oil giants as they tout big fossil deals

ExxonMobil and Chevron reported lower profits Friday compared with the year-ago blowout quarter as the oil giants touted recent acquisitions they said balance economic and environmental priorities.

Spanish clergy sexually abused over 200,000 children, probe estimates

Over 200,000 minors are estimated to have been sexually abused in Spain by the Roman Catholic clergy since 1940, according to an independent commission published Friday.

Markets diverge with US inflation in focus

European stock markets struck a mixed note Friday after a rally in Asia in the wake of strong US tech earnings, while traders steeled themselves for key US inflation data.

Electrolux to cut 3,000 jobs as sales fall

Swedish home appliances maker Electrolux said Thursday it plans to cut some 3,000 jobs as it reported lower sales in the third quarter.

GM's Cruise pauses driverless car operations after California ban

US vehicle company Cruise has suspended all operations of driverless cars, the subsidiary of auto giant General Motors said Thursday, days after California authorities halted testing of its driverless cars in the state.

Tesla workers strike in Sweden over union demands

Tesla mechanics in Sweden walked off the job on Friday to protest against the electric carmaker's refusal to sign a collective wage agreement, the metalworkers union said.

Eni profits slump on lower oil and gas prices

Italian energy giant Eni said Friday its net profit fell 67 percent to 1.91 billion euros in the third quarter of 2023, hit by falling oil and gas prices.

Former Chinese premier Li Keqiang dies at 68

Former Chinese premier Li Keqiang, a reform-minded bureaucrat once tipped as the country's future leader only to be eclipsed by President Xi Jinping, died Friday. He was 68.

Markets rise on tech bounce hope, inflation in focus

Asian markets rose Friday after strong earnings from two tech titans provided hope for a bounce on Wall Street, while traders were also steeling themselves for key US inflation data.

Apple Watch models face US import ban in patent clash

Medical technology company Masimo Corp. on Thursday said a US trade commission has recommended banning imports of Apple Watch models that infringe its light technology for detecting blood oxygen levels.

Under your skin: Tattoo artist inks cremated remains in art

When Scout Frank lost her mother, she knew she needed to keep her close -- and hit upon the perfect solution when she found she could have her ashes tattooed into her skin.

Tech titan Amazon sees profit climb as cloud promises boon

Online retail colossus Amazon on Thursday said profit surged in the recently ended quarter on growing sales and more efficient deliveries, with its cloud business promising even better days ahead.

Chip maker Intel beats earnings expectations as it pursues rivals

US chip giant Intel on Thursday said it made more money that expected in the recently ended quarter as it continued to invest in a "geographically balanced" supply chain.

Arizona Tribune - Economy (English)