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Stocks and dollar fall as Democratic election gains reshape markets

HONG KONG: Asian stocks fell along with the dollar on Wednesday as Democrats made big early gains in the US midterm elections and looked set to take control of both houses of Congress, which analysts said could lead to gridlock in Washington. Tens of millions of Americans voted in elections seen as a referendum on Donald Trump’s presidency, amid anger over soaring fuel prices, tariffs and the Iran war.

Qatar Tourism joins Pacific Asia Travel Association at London travel market

Qatar Tourism has joined the Pacific Asia Travel Association (PATA) as a destination member, strengthening its international industry engagement and creating further opportunities for collaboration with tourism stakeholders across the Asia Pacific region. The membership was formalised at a signing ceremony at the Qatar Pavilion during World Travel Market (WTM) London 2026.

Last news

Verdict due over deadly Oslo Pride attack

A Norwegian court is set to deliver its verdict Thursday on a shooter who killed two people hours before Oslo's 2022 Pride festival, shocking the placid country and leading to the cancellation of the parade.

China's BYD opens EV plant in Thailand despite slowdown, tariff row

China's electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing tariffs on Chinese EV firms.

Philippines says US mid-range missile system to be pulled out

A US mid-range missile system deployed in the Philippines for annual joint military exercises -- to the annoyance of China -- will be pulled out of the country, a Philippine Army spokesman said Thursday.

Bass beats bring Shanghai's deaf and hearing clubbers together

Crowds bopped to bass-heavy electronic music at a weekend party in Shanghai that brought together deaf and hearing clubbers, with staff taking food and drink orders through sign language.

A station a day on Tokyo's teeming Yamanote Line

In service since 1885, the Yamanote is Tokyo's most important and most famous train line, with millions cramming into the 35-kilometre (22-mile) route's distinctive green carriages every day.

US Fed officials stressed 'patience' on rate cuts: minutes

Members of the US Federal Reserve's rate-setting committee said last month that the bank's employment and inflation goals were moving into "better balance," with some calling for "patience" on interest rate cuts, according to minutes of the meeting published Wednesday.

New lithium plant inaugurated in Argentina

French mining group Eramet and China's Tsingshan on Wednesday inaugurated a lithium production plant in Argentina to supply the booming electric car industry.

EU gives conditional nod to Lufthansa's proposed ITA Airways stake

The EU on Wednesday announced its conditional approval for German airline Lufthansa's proposed stake in ITA Airways, a deal that Italy called a "big European success".

US trade deficit expands less than expected in May: govt

The US trade gap grew slightly less than expected in May, to the widest level since late 2022, government data showed on Wednesday, as exports and imports both slipped.

US private hiring eases unexpectedly in June: ADP

Private sector employment cooled unexpectedly in June, payroll firm ADP said Wednesday, with job creation slowing for a third month.

Paris bars to open 24h for Olympics opening ceremony

Bars and cafes in the French capital will be allowed to stay open round-the-clock for the opening and closing ceremonies of the Paris Olympics, a city decree said Wednesday.

Microsoft to invest 2.2 bn euros in Spain data centres

Microsoft is to invest 2.2 billion euros ($2.4 billion) in a huge data centre project in northeastern Spain, regional authorities said Wednesday as the area seeks to establish itself as a cloud storage hotspot.

European stocks jump on French election hopes

Eurozone stock markets rallied Wednesday and the euro rose on hopes France could avoid a far-right majority in looming polls, while London also gained ground on the eve of its general election.

EU clears Lufthansa's proposed ITA Airways stake, with conditions

The EU's powerful competition regulator on Wednesday announced it has conditionally approved German airline Lufthansa's proposed stake in Italy's ITA Airways.

120,000 'stolen' babies: Georgia's trafficking scandal

Georgian student Elene Deisadze was browsing TikTok in 2022 when she stumbled across the profile of a girl, Anna Panchulidze, who looked exactly like her.

Indonesia launches first EV battery plant

Indonesia launched its first electric vehicle battery plant on Wednesday, President Joko Widodo said, as Southeast Asian countries move to gain a foothold in the emerging industry.

Chad rangers battle to protect park from poachers, local farmers

Between the orange trunks of the acacia trees in the Chad savannah, a herd of elephants move through Zah Soo National Park, under the watchful eye of one of the only humans allowed to witness the scene.

France's renowned Arles photo fest goes 'beneath the surface'

One of the world's most renowned photo festivals, in the French town of Arles, returned this week with a timely ode to diversity at a moment when France is turning towards the far right.

Asia markets track Wall St records as Powell revives rate hopes

Asian stocks rose Wednesday following fresh records on Wall Street after Federal Reserve chief Jerome Powell fanned hopes of an interest rate cut by saying the battle against inflation had made "progress" and the job market was cooling.

Single and proud: S. Korean YouTuber's viral embrace of solo life

South Korea has declared its super-low birthrate a "national emergency" and poured billions into encouraging citizens to marry and reproduce, but one YouTuber has found happiness and success promoting the opposite ideal.

Amazon counts on 'grit and innovation' to meet AI surge

The AI revolution is upon us with companies around the world looking to jump headfirst into the technology made famous by ChatGPT.

US stocks back at records while European bourses retreat

Wall Street equity indices advanced to fresh records Tuesday as markets embraced commentary from Federal Reserve Chair Jerome Powell, while European bourses retreated on unease about upcoming French elections.

France probes Chad leader over luxury clothing spending

French prosecutors have ordered an inquiry into allegations that Chad's president embezzled public funds to splurge on luxury clothing from Paris, a source close to the case said Tuesday.

US Fed has made 'quite a bit of progress' on inflation: Powell

The US Federal Reserve has made "quite a bit of progress" in its fight against rising prices and could hit its inflation target as soon as next year, Fed chair Jerome Powell said Tuesday.

Global stocks, euro slip ahead of major elections

Global stock markets slipped while the euro retreated Tuesday on concerns about the potential economic fallout should the far-right win power in France in weekend elections.

Indian tycoon launches mass weddings to celebrate son's nuptials

Asia's richest man, billionaire Indian tycoon Mukesh Ambani, launched Tuesday the start of the lavish finale of his son's wedding celebrations with mass nuptials for 52 "underprivileged" couples.

Protest after Pakistan Christian given blasphemy death sentence

Pakistan minority rights campaigners protested Tuesday after a Christian man was sentenced to death for sharing an allegedly blasphemous TikTok post.

US proposes new safety rules for workers toiling in high heat

The administration of US President Joe Biden on Tuesday proposed new regulations aimed at protecting laborers working in extremely high temperatures, as heat waves intensified by climate change increasingly blanket the nation.

Eurozone inflation eases slightly in June

The eurozone's annual rate of inflation cooled in June in line with analysts' expectations thanks to a slowdown in food and energy price rises, official data showed on Tuesday.

Lebanon says Israeli GPS jamming confounding ground, air traffic

Uber driver Hussein Khalil was battling traffic in Beirut when he found himself in the Gaza Strip -- according to his online map, anyway -- as location jamming blamed on Israel disrupts life in Lebanon.

Ahead of Ariane 6 launch, what are the other big rockets?

Europe's new Ariane 6 rocket is due to blast off for the first time next week, but it will launch into a quickly changing market for heavy space launchers increasingly dominated by SpaceX.

Europe's Ariane 6 rocket finally ready for liftoff

Europe's new Ariane 6 rocket is set for its first-ever launch next week, carrying with it the continent's hopes of regaining independent access to space and fending off soaring competition from Elon Musk's SpaceX.

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Arizona Tribune - Economy (English)