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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.

EU, China trade tensions loom over minister visit

Europe and China will gauge whether trade frictions can be resolved through talks Monday when top EU trade official Maros Sefcovic hosts his Chinese counterpart Wang Wentao in Brussels for day-long discussions.

Last news

Strike deal only first step in resolving film industry crisis

A tentative deal to end a long-running writers' strike that has paralyzed Hollywood is only a first step in resolving a film industry crisis, as an equally bitter studio stand-off with the actors' union stretches on.

Polish farmers warn of EU threat from Ukraine grain

At his family farm, Wieslaw Gryn voiced support for Poland's ban on Ukrainian grain imports, but said it had not reversed a price drop that threatens his livelihood and those of other European farmers.

Picasso masterpiece begins pre-auction tour in Dubai

A Pablo Picasso masterpiece expected to fetch at least $120 million at auction went on show Monday in Dubai, kicking off a set of rare viewings outside the United States.

Stock markets largely retreat, oil climbs

Stock markets mostly dropped Monday on the possibility of more hikes to US interest rates, with Federal Reserve officials struggling to contain inflation as oil prices march higher.

The humble sardine: a key ingredient of Portuguese life

The humble sardine, a feature of the street parties that pop up across Portugal in summer, makes up two thirds of the country's fish catch and has spawned an important canning industry.

Amazon steps up AI race with $4 bn Anthropic investment

Amazon said on Monday it would invest up to $4 billion in AI firm Anthropic, as the online retail giant steps into an AI race dominated by Microsoft, Google and OpenAI.

Scandal-hit UK business lobby wins funds to carry on

Britain's scandal-hit business lobby, the CBI, has received funds to remain operational following reports it was in grave financial trouble in the wake of sexual misconduct allegations.

'Humans of New York' creator slams Indian version for suing rival

The creator of "Humans of New York" has slammed an Indian version of the blog for suing a rival, accusing it of unreasonably monetising the stories of its subjects.

Germany's housing sector slumps into crisis

Valeriy Shevchenko felt like he made the purchase of his lifetime when he beat a queue of prospective buyers to secure a two-bedroom apartment in one of Berlin's most popular districts.

Evergrande shares sink after restructuring plan scrapped

Shares in embattled Chinese property developer Evergrande plummeted Monday, following the announcement that it would be unable to carry out a restructuring plan intended to guarantee its survival.

EU trade chief warns businesses questioning future in China

The EU's trade chief told Beijing on Monday that tough security laws and a more "politicised" business environment have left European companies struggling to understand their obligations and questioning their future in China.

'Three, two, one, nothing': fake fireworks fizzle, fuddle at Games

Fireworks at the climax are a highlight of any opening ceremony and they were too at the Asian Games in China, except for one thing -- they weren't real.

'Marking Time' exhibit takes on US mass incarceration

The image in the window announcing the Schomburg Center's current art exhibition holds a sad resonance to many who pass it in New York's Harlem neighborhood.

Time ticking on US deadline to avert shutdown

Four months after barely avoiding a catastrophic default, the world's largest economy is once again on the verge of a major fiscal crisis.

Bavarian village opens way for key BMW factory

A sleepy Bavarian village on Sunday gave the green light to BMW's plan to build a huge battery factory there, removing a key obstacle for the German automobile giant on its drive towards electromobility.

N.America box office hits a low point for the year

The North American box office hit a 2023 low this weekend, with top film "The Nun II" estimated to take in a paltry $8.4 million, industry watchers said Sunday.

Scottish port feels force of UK fishing storm

In Peterhead, a major port in northeast Scotland and Europe's largest wholesale market for white fish, Brexit was supposed to offer "a sea of opportunity" for locals.

Bavarian village to decide future of key BMW factory

A sleepy Bavarian village could decide the future of BMW's drive towards electromobility as it goes to the polls on Sunday over the German automobile giant's plans to build a huge battery factory.

Tensions erupt at Paris protest as police car attacked

The French government on Saturday denounced "unacceptable violence" at a protest led by the hard left against police brutality, with officers trapped in their police vehicle after it was attacked, an AFP correspondent said.

Tensions erupt at Paris anti-police violence protest: AFP

Tensions erupted in Paris on Saturday at a protest led by the hard left against police violence, with a police car pelted with projectiles and a bank attacked, an AFP correspondent said.

UK's colossal HS2 project in danger of going off the rails

HS2, the UK's second high-speed train line after the one leading to the Channel Tunnel, has suffered spiralling costs despite the route being cut short, raising fears the project could be further derailed.

Recycling plastic not enough, warns UN environment chief

With the production of plastic on the rise worldwide and creating ever more pollution, the UN environment chief warned that humanity cannot just recycle its way out of the mess, and she called for a total rethink about the way we use plastics.

Biden to join picket line as auto workers union expands strike

The US auto workers union expanded a strike against two of Detroit's "Big Three" on Friday, while President Joe Biden announced plans to join the picket line in solidarity with employees.

Accused of rape, Russell Brand speaks of 'distressing' week

British comedian and actor Russell Brand on Friday spoke of an "extraordinary and distressing week" in his first public comments since rape and assault allegations were aired against him, but did not address the claims.

Central banks in no rush to cut interest rates

Investors were hoping to hear central banks finally signal this week that they were close to being done raising interest rates in their battle against inflation.

Rupert Murdoch's handover to son Lachlan sparks concern in London

Rupert Murdoch's announcement that he will hand over control of his global media empire to son Lachlan has put the group's British media, including the tabloid The Sun, on tenterhooks about its future place in the conglomerate.

Adidas boss apologises for controversial Ye comments

The head of Adidas has apologised after speculating that Kanye West did not "mean what he said" with anti-Semitic remarks that put an end to his collaboration with the German sportswear brand.

US auto workers union expands strike at General Motors, Stellantis

The US auto workers union expanded a potentially economically and politically damaging strike against two of Detroit's "Big Three" Friday -- and invited President Joe Biden to support workers on the picket line.

US Fed official calls for more rate hikes to tackle inflation

The US Federal Reserve has more work to do to tackle high inflation despite making "considerable" progress in the last 18 months, a senior bank official said Friday.

UK opposition leader denies he will try to undo Brexit

The leader of the UK's opposition Labour Party on Friday denied he wanted to rejoin the European Union after recent comments led the ruling Conservatives to accuse him of wanting to "unpick Brexit".

Microsoft nears takeover of 'Call of Duty' maker Activision

British regulators on Friday dropped their objections to Microsoft's attempt to buy video game firm Activision Blizzard, the maker of "Call of Duty", paving the way for the US tech titan to close one of the biggest technology acquisitions ever.

US, China announce new economic working groups

The United States and China on Friday announced two new working groups on economic and financial policy, in the latest effort to stabilize fraught relations between the world's biggest economies.

Arizona Tribune - Economy (English)