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Featured

South Korea to invest nearly $1.2 tn in chips, AI data centres

South Korea will invest nearly $1.2 trillion -- equivalent to more than two-thirds of its GDP -- in a new chip-building hub and AI data centres over several years, as it seeks to profit from soaring demand while developing previously neglected regions.

Stocks mixed and oil rises as US, Iran call end to latest attacks

Asian stocks were mixed and oil prices edged up as reports said the United States and Iran had agreed to stop attacking each other following a weekend of strikes that threw their fragile truce into question.

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'Be brave! Tell the truth': Ian McEwan rails against sensitivity readers

The acclaimed British novelist Ian McEwan is baffled by the current obsession with sensitivity in the publishing world. "Be brave," he urged young writers.

EU moves to protect sensitive tech from rivals, China

The EU unveiled Tuesday a list of sensitive technologies that should be kept out of the hands of rivals, as the bloc takes further measures to confront China's aggressive trade policies.

Stock markets drop as rate fears take hold

Stock markets slumped across the board Tuesday on growing worries that high interest rates will take a toll on economic growth, as central bankers pursue their efforts to rein in inflation.

Energy transition at risk from commodity market fragmentation: IMF

Growing geopolitical fragmentation since the invasion of Ukraine has hit commodity markets, threatening to slow the transition to renewable energy as the world looks to combat climate change, the International Monetary Fund said Tuesday.

London Tube workers suspend planned strikes

Workers on the London Underground on Tuesday suspended their latest round of strike action over pay and conditions after a breakthrough in talks.

Ford, GM lay off about 500 more US workers due to strike

Ford and General Motors said around 500 more workers have been temporarily laid off due to "knock-on effects" from the ongoing strike at Detroit's "Big Three" automakers.

Macron party plans bill to squash France bedbug 'scourge'

The party of French President Emmanuel Macron on Tuesday said it would this year put forward a bill to combat surging numbers of reported bedbug cases, which are being increasingly seen as a major potential public health problem.

Stock markets drop, oil prices extend losses

Major stock markets mostly fell and oil prices cooled further Tuesday as traders weighed the prospect of inflation and interest rates staying high for a prolonged period.

China's Evergrande up 28% in Hong Kong after trade resumes

Shares in heavily indebted Chinese property giant Evergrande ended higher Tuesday, resuming trade following last week's suspension and the firm's announcement its boss was under criminal investigation.

China's Evergrande closes up 28% in Hong Kong after trade resumes

Shares in heavily indebted Chinese property giant Evergrande ended higher Tuesday as they resumed trade following last week's suspension when the firm announced its boss was under criminal investigation.

Turkey's inflation hovers near 60% after policy U-turn

Turkey's annual inflation rate held steady near 60 percent last month, official data showed Thursday, offering the first evidence that President Recep Tayyip Erdogan's economic policy U-turn was working.

Markets fall on rate concerns

Markets fell Tuesday on concerns over interest rates following hawkish comments by a senior Federal Reserve official indicating the central bank was likely to keep them higher for longer.

US fraud trial of disgraced crypto star Sam Bankman-Fried begins

The trial of Sam Bankman-Fried, the former CEO of one of the cryptocurrency industry's biggest exchanges, begins on Tuesday to determine whether he committed massive fraud against more than a million clients.

Vote on Indigenous rights opens in much of Australia

Early voting opened Tuesday across a swathe of Australia on a reform that would recognise Indigenous people in the 1901 constitution for the first time.

New rights for UK donor babies as they turn 18

Around 30 young adults conceived via sperm or egg donation in the UK will soon be able to discover the identity of their biological parent.

Underpants and a sombre summer at Paris Fashion Week

From wearing your underwear in the street to the very muted colour schemes of big brands, some trends stood out from the spring-summer 2024 womenswear collections at Paris Fashion Week that ends on Tuesday.

Asian markets fall on rate concerns

Asian markets fell Tuesday on concerns over interest rates following hawkish comments by a senior Federal Reserve official indicating the central bank was likely to keep them higher for longer.

China's Evergrande resumes Hong Kong trading

Shares in Chinese property giant Evergrande rose as trading resumed on Tuesday, following a suspension last week when the heavily indebted company announced its boss was under criminal investigation.

Ford temporarily lays off 300 more US workers due to strike

Ford announced Monday that over 300 more workers have been temporarily laid off due to "knock-on effects" from the ongoing strike against the company and two other US automakers.

Stocks broadly lower as rate worries return to fore

Stocks fell across the board in Europe on Monday while Wall Street saw a mixed opening despite relief a US government shutdown had been averted, with investors focusing again on the risks of high interest rates to economic growth.

Crisis-struck German maker of Playmobil toys cuts jobs

The crisis-hit German toy company behind Playmobil, the small plastic figures loved by children the world over, said on Monday that it was cutting 17 percent of its workforce.

UK finance minister announces boost for lowest earners

The UK minimum wage will go up next year, finance minister Jeremy Hunt said Monday, as the ruling Conservative party positions itself to battle an expected general election.

Birkenstock aims to raise up to $1.58 bn in IPO

German sandal maker Birkenstock on Monday set a price for its initial public offering of shares at $44 to $49 each, which could see the company raise up to $1.58 billion.

Equities retreat with US rate worries back in focus

Stocks fell in the US and Europe on Monday, with relief that a government shutdown was avoided in Washington proving short-lived as investors focused again on the risks from high interest rates.

Oil industry 'central' to climate solutions: COP28 head

The president of the upcoming COP28 climate talks told an Abu Dhabi oil conference on Monday that the fossil fuel industry would play an essential role in addressing the climate crisis.

Green groups target TotalEnergies over Tanzania, Uganda projects

Four environmental groups have taken legal action against French giant TotalEnergies on claims of "climaticide" over a controversial oil project in Tanzania and Uganda, their lawyers said Monday.

Equities retreat with US rates back in focus

Asian and European stock markets mostly fell Monday and the dollar rose as relief over a last-minute deal to avoid a US government shutdown gave way to renewed concerns over high interest rates.

Asian markets retreat with US rates back in focus

Asian markets were mostly lower Monday as relief over the US Congress passing a last-minute deal to avoid a government shutdown gave way to renewed concerns over interest rates.

Indonesia launches Southeast Asia's first high-speed rail

Indonesia launched Southeast Asia's first high-speed railway on Monday, a delayed, multibillion-dollar project backed by China that President Joko Widodo hailed as "a symbol of our modernisation".

Asian markets mixed after US avoids government shutdown

Asian markets were mixed Monday after the US Congress passed a last-minute deal at the weekend to avoid a costly government shutdown.

The 10-year-old fashion influencer

Taylen Biggs has close to 1.5 million followers across TikTok and Instagram, a wardrobe full of designer clothes and 15 fashion weeks under her belt -- and she's 10 years old.

Nigeria announces measures to offset rising costs as strikes loom

Nigeria's President Bola Ahmed Tinubu on Sunday proposed a temporary minimum wage hike and more cheap gas-powered public transport among other measures to help offset the impact of his economic reforms as labour unions threatened a national strike.

Arizona Tribune - Economy (English)