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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.

Supreme Court boosts Trump's power to fire officials, but protects Fed

The US Supreme Court on Monday fortified President Donald Trump's powers to fire members of independent government agencies, but carved out protections for the Federal Reserve by blocking the firing of Governor Lisa Cook.

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Goldman Sachs says profits down 36 percent in third quarter

US investment bank Goldman Sachs reported a fall in third quarter profits on Tuesday, noting net losses in equity investments compared with a year ago.

Markets waver as Biden set for Middle East diplomacy drive

Major stock markets were mixed Tuesday and oil prices rose slightly as US President Joe Biden prepared for a trip to the Middle East aimed at preventing the Israel-Hamas conflict spreading across the region.

Markets rise as Biden prepares for Middle East diplomacy drive

Asian markets mostly rose Tuesday and oil was subdued as Joe Biden prepared for a trip to the Middle East aimed at preventing the Israel-Hamas conflict spilling over into a regional conflagration.

Engine maker Rolls-Royce to axe up to 2,500 jobs

Rolls-Royce, the British manufacturer of aircraft engines, said Tuesday it plans to axe up to 2,500 jobs worldwide, or about six percent of its staff, to further slash costs.

Apple CEO Tim Cook makes surprise visit to China

Apple chief Tim Cook made a surprise visit to China this week, greeting gamers in the southwestern city of Chengdu as his company faces slumping phone sales in its biggest market.

EU to seek virtual elimination of fossil fuels at COP28

The EU will seek a global phase-out of fossil fuels and for their use to reach a peak in this decade, according to the member states' common position adopted unanimously late Monday.

Most Asian markets rise as Biden prepares for Middle East trip

Asian markets mostly rose Tuesday and oil was subdued as Joe Biden prepared for a trip to the Middle East aimed at preventing the Israel-Hamas conflict spilling over into a regional conflagration.

Xi, Putin to freshen decade-long friendship at Beijing summit

Ten years after toasting a budding friendship with vodka and cake, Xi Jinping and Vladimir Putin will meet again in Beijing this week seeking to further deepen the "no-limits" partnership between their two countries.

Smartphone sales sag globally: market tracker

Sales of smartphones continued to shrink globally in the recently-ended quarter as consumers watched spending, market tracker Counterpoint reported on Monday.

Ford executive chair calls for end of auto strike

Auto giant Ford's executive chairman on Monday urged workers to end their month-long strike, warning a prolonged stoppage could have a major economic impact.

Nigerian state holds mass weddings for 1,800 couples

Textile trader Yusuf Abdullahi admitted he could not afford to marry despite being 30 years old until Nigeria's northern Kano state financed and staged mass weddings for 1,800 couples.

EU climate talks at loggerheads over fossil fuel language

A major stumbling block to defining the European Union's position at the most important climate negotiations in years lies in the ambiguity surrounding one term: unabated fossil fuels.

Stocks rise, oil prices slide

The main stock markets in Europe and the United States rose on Monday but oil prices fell as markets tracked the Israel-Hamas conflict.

European stock markets, oil prices steady after volatility

Europe's main stock markets and oil prices steadied Monday after last week's volatility at the start of the Israel-Hamas conflict.

Old and poor: Thailand sleepwalking towards an ageing crisis

Unless she lines up in the hot sun for a free meal, ketchup on bread is the only food Thai widow Noi can afford on her small government pension.

China saw moderate third-quarter growth as hurdles persist: survey

China's economy is expected to have seen moderate growth in the third quarter, according to an AFP survey ahead of data this week, while experts warn that there were still significant hurdles for its recovery.

Asian markets drop as Middle East conflict worries grow

Asian markets sank Monday on concerns that Israel's expected ground offensive against Hamas in Gaza could spark a regional war involving Iran, with warnings that oil prices could surge, further complicating central banks' efforts to tame inflation.

Fashion Week hits Kenya's biggest urban slum

Towering models parade down a three-metre (10-foot) high catwalk overlooking the rusting tin roofs of Kibera, the Kenyan capital's biggest urban slum.

Designer Avido puts Kenyan slum on the fashion map

His creations are made in Kibera, the largest urban slum in Kenya, but have attracted the attention of global stars such as Beyonce and Bruno Mars and featured in Vogue magazine.

Hamas attacks shatter Israel's kibbutz ideal

When the sirens wail at the Sha'ar HaGolan kibbutz, there is total panic -- and not just from those who live there permanently.

Anger, sorrow as Indigenous Australians weigh referendum defeat

Aboriginal Australians on Sunday voiced anger and sorrow over the rejection of a landmark push for Indigenous rights and recognition, which was spurned by the country's white majority in a binding national referendum.

Young slave, once painted out, is back in a work at New York's Met

For years, the three children from a well-to-do New Orleans family seemed to be the only figures in a nearly forgotten painting attributed to French artist Jacques Amans.

Qatar's Sheikh Jassim withdraws bid to buy Man Utd - reports

Qatari banker Sheikh Jassim Bin Hamad Al Thani has withdrawn a bid to buy Manchester United, the BBC reported on Saturday.

IMF agrees funding boost, extra Africa board seat

The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third seat on its executive board at its first meetings on the continent since 1973.

Michael Caine announces retirement from acting

Veteran British actor Michael Caine, a Hollywood icon with a decades-spanning career littered with awards and acclaim, revealed on Saturday that he has retired from acting at the age of 90.

Polls open in Australia's historic Indigenous rights referendum

Polls opened Saturday in Australia's historic referendum on rights and recognition for Indigenous citizens, capping a campaign that has exposed deep fissures between the country's white majority and the descendants of its first inhabitants.

Stocks stumble and oil prices surge as Mideast fighting continues

Global markets largely slipped on Friday, while oil prices surged by almost six percent, amid fears that Israel's imminent ground offensive of Gaza could turn a localized war into a regional conflict and impact oil supplies in the crude-rich Middle East.

Biden unveils 'hydrogen hubs' in push for 2024

President Joe Biden announced new "hydrogen hubs" across the United States on Friday as part of efforts to boost the economy with green energy ahead of the 2024 election.

US health care provider, unions reach strike deal

US health care provider Kaiser Permanente and unions representing tens of thousands of its staff said Friday they had reached a tentative deal to end what was billed as the sector's biggest ever strike.

US auto union warns of more last-minute strikes as Detroit talks drag

The US auto workers union announced Friday no new strike targets, but the group's president said the labor action had entered a new stage involving last-minute walkouts.

Australia holds historic Indigenous rights referendum

Australians are poised to reject greater rights and recognition for Indigenous citizens Saturday, voting in a referendum that has exposed deep fissures between the country's white majority and the descendants of its first inhabitants.

US banks rise on results, but warn on inflation and wars

Shares of US banks jumped Friday following strong results, but executives cautioned that beneficial industry conditions were moderating and said wars in Ukraine and the Middle East adding uncertainty.

Arizona Tribune - Economy (English)