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Featured

Wheelchair user flies into space, a first

A German woman engineer on Saturday became the first wheelchair user to blast into space, taking a brief ride on a Blue Origin flight.

French culture boss accused of mass drinks spiking to humiliate women

Hiyam Zarouri was delighted when a senior civil servant at France's prestigious culture ministry reached out to her on Linkedin offering the then jobless 25-year-old career advice.

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Putin says Ukraine grain deal mostly helping rich EU

Russian President Vladimir Putin said Wednesday that "almost all" the Ukrainian grain shipped under a UN-backed deal to ease a global food crisis was reaching rich European nations and accused the West of deceiving developing countries.

US trade gap drops sharply in July on lower imports

A steep drop in imports, especially of consumer goods, narrowed the US trade deficit in July to its lowest level since October, the government reported Wednesday.

Finnair to slim down as Russian airspace closure hits profits

Finnish airline Finnair unveiled Wednesday a new strategy to cut costs, including trimming its fleet, as the closure of Russian air space erodes profitability.

Putin says Ukraine grain going to EU, not developing world

Russian President Vladimir Putin said Wednesday the grain leaving Ukrainian ports after a blockade that fuelled a global food crisis was mostly reaching Europe instead of developing nations and questioned the merits of the deal.

UK PM rules out windfall tax to fund energy price freeze

Liz Truss on Wednesday faced her first parliamentary grilling as British Prime Minister, ruling out a windfall tax to fund any freeze on energy bills to offset huge rises in the cost of gas and electricity.

UK PM hopes for 'negotiated solution' with EU to N.Ireland row

New UK Prime Minister Liz Truss on Wednesday said she hoped talks with the EU could help resolve a dispute over post-Brexit trade in Northern Ireland.

Yen extends slide, oil rises tracking central banks and Putin

The yen slumped to a 24-year low against the dollar and shed more than one percent versus the euro Wednesday as Japan refuses to hike interest rates to combat sky-high inflation.

Dollar rallies, stocks sink as traders prepare for big rate hikes

The dollar surged Wednesday against other major currencies and equities sank after a forecast-beating US economic report gave new life to talk of a third straight blockbuster interest rate hike next month.

El Salvador marks 1st year of Bitcoin use as confidence wanes

A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much criticized decision by President Nayib Bukele.

China export growth slows sharply in August: official data

China's export growth slowed significantly in August, customs authorities said Wednesday, as economic uncertainty is exacerbated by strict Covid-19 lockdowns across the country.

Real life, right now -- photo app claims to capture authenticity

It's not all sunsets and selfie smiles -- people are flocking to a new social network app that calls on users to share true glimpses of their lives rather than cherry-picked moments.

Search on for people missing from Venezuelan religious retreat

Family members have joined the search for nearly two dozen people reported missing after going on a religious retreat in Venezuela two weeks ago, civil protection authorities said Tuesday.

Brazil fines Apple $2.4 mn, prohibits sale of iPhone without charger

Apple has been barred from selling iPhones without a charger in Brazil and fined more than $2 million over the issue, the government said Tuesday, after accusing the US tech giant of "discriminatory practices."

Juul agrees to pay $438 mn in US over marketing vapes to youth

Juul Labs will pay $438.5 million to settle a probe by 34 US states that found the vaping company marketed to underage smokers, state officials announced Tuesday.

Kwasi Kwarteng: ultraliberal heading UK Treasury

Britain's new finance minister Kwasi Kwarteng takes on the heavy task of trying to steer the country through a cost-of-living crisis and probable recession.

Dollar weighs on yen and euro

The euro and yen sunk new multi-year lows against the dollar on Tuesday as investors focused on central bank efforts to contain surging inflation and fears of an economic slowdown.

100% compostable coffee balls bid to take on Nespresso

Switzerland's biggest retailer launched a new coffee machine invention on Tuesday -- fully compostable coffee balls which it hopes will shake up the global market and take on Nespresso's global dominance.

Uganda bans 'immoral' festival linked to sex, drugs, LGBTQ

Uganda's parliament on Tuesday slapped a ban on a popular music festival, the second time that authorities have taken steps against the annual event over accusations that it promotes sex, drugs and homosexuality.

US services sector expands in August as prices ease: survey

The American services sector expanded at a slightly faster pace in August amid signs of easing supply issues and slowing price gains, according to an industry survey released Tuesday.

South African GDP shrinks, hit by floods, energy crisis

South Africa's economy shrank in the second quarter, as floods and an energy crisis put a halt to months of growth, official data showed Tuesday.

More European energy firms get state aid as prices soar

Finland and Switzerland offered financial backing to utility companies on Tuesday, the latest energy firms in Europe to receive state support as gas prices have spiked since Russia invaded Ukraine.

Sour grapes: Rankings divide a French wine wonderland

When the new rankings of Saint-Emilion wines drop on Thursday, Jean-Luc Thunevin could see the value of his vineyard double overnight, the payoff for years of efforts to meet France's most exacting -- and mystifying -- taste test.

Asian markets mostly rise as bargain-buying offsets fears over outlook

Asian investors squeezed out gains Tuesday as they tried to recover from the previous day's losses, but they remain gripped by fears over Europe's worsening energy crisis, China's economic slowdown and central bank efforts to contain surging inflation.

Belarus exiles find home from home in 'travelling' bar

Tucked under a bridge in downtown Warsaw is a bar like no other. Over the years, Karma has relocated from Belarus to Ukraine and Poland, in the face of repression and war.

Shelling forces Ukraine nuclear plant off grid as Zelensky warns of 'disaster'

The last working reactor at Ukraine's Zaporizhzhia nuclear plant was disconnected from the grid after shelling caused a fire, with the UN's atomic watchdog due to brief the Security Council about the crisis on Tuesday.

Germany puts two nuclear plants on standby in energy U-turn

Germany said Monday it would keep two nuclear plants on standby beyond the end of the year in a policy U-turn, as the shut-off of Russian gas supplies sends Europe scrambling for energy sources.

French rugby boss Laporte's graft trial opens

Bernard Laporte, a towering figure in French rugby, goes on trial on Wednesday on charges of corruption and influence-peddling in a high-profile case making big waves only a year before France hosts the World Cup.

Incoming UK prime minister Truss faces a country in crisis

The UK's new prime minister, Liz Truss, takes power following a "summer of discontent" and as Britons tighten their belts in response to double-digit inflation and soaring energy costs.

New UK PM Truss inherits economy headed for recession

New UK Prime Minister Liz Truss inherits an economy set to enter recession before the end of the year, with double-digit inflation forecast to soar further.

Take the train! French rail boss slams PSG after short-haul hop

French football giants Paris Saint-Germain made light work of their opponents Nantes in an away league game this weekend but then received a volley of criticism for making the relatively short journey to western France by plane.

European stocks, euro tumble as Russia fuels energy crisis

European stocks tumbled Monday and the euro hit a new 20-year dollar low on energy crisis fears, after Russia said it would not restart gas flows to Germany and effectively most of the continent.

Ukraine's winegrower 'closest to the frontline'

Pavlo Magalias has made two equal piles. On the left are remnants of ancient storage jars unearthed in recent years at his vineyard in southern Ukraine, to the right, cluster bombs, dropped since the war broke out.

Arizona Tribune - Economy (English)