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Iran warns challenge to Hormuz routes will spike Middle East tensions

Iran's top diplomat warned Sunday that any attempt to bypass the Strait of Hormuz routes agreed with the United States would "increase tensions" in the Middle East, as the countries traded attacks and accusations of violating a fragile truce.

Asia's vendors grapple with rising costs of ever-present plastics

Food vendors across Asia who rely on plastics for everything from bags to cups and containers are grappling with their rising costs, the result of the energy crisis sparked by the Middle East war.

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'La La Land' director hopes 'some good' will come of Hollywood strike

Damien Chazelle, who heads the jury at the Venice Film Festival that kicks off Wednesday, told AFP he hopes Hollywood will get over its current crisis and said he was confident that movies will survive the AI revolution.

US says seeking more 'predictable' business environment in China

The United States wants to work with China to ensure a more "predictable" environment for American businesses in Shanghai, Commerce Secretary Gina Raimondo told officials in the economic hub on Wednesday.

Sex, lies and social media: Women face tough fight in African politics

Soon after Judy Kengo was sworn into office last year, the Kenyan legislator faced her first public test when a doctored photo of a lookalike kissing another woman surfaced online.

Strike-hit German stunt performers train kids during filming freeze

Ten-year-old Nathaniel squeezes his eyes shut, straightens his back and sucks in his breath as he plunges backward from the reinforced steel roof of a stunt car.

Equities extend gains on US jobs data, China hopes

Asian investors on Wednesday tracked a rally on Wall Street as a softer-than-expected report on US job openings soothed fears the Federal Reserve will hike interest rates again.

Australia to hold Indigenous rights referendum on Oct 14

Australia will hold a historic Indigenous rights referendum on October 14, Prime Minister Anthony Albanese said Wednesday, setting up a defining moment in the nation's relationship with its Aboriginal minority.

Hollywood strike saps glamour from 80th Venice Film Festival

A historic Hollywood strike robbed the Venice Film Festival of some of its usual glitz as it launched its 80th edition on Wednesday, but a raft of big-name -- and controversial -- directors are keeping the film world buzzing.

Global stocks extend gains as US data reassures

Stock markets extended a global rally Tuesday as the first of a series of data due out this week gave no reason for the US Federal Reserve to hike interest rates further.

Von der Leyen backs Dutch FM Hoekstra for EU climate post

EU chief Ursula von der Leyen gave her backing Tuesday to the Dutch foreign minister to fill a vacant post on the European Commission, saying Wopke Hoekstra would take up a climate brief.

Kenya Airways losses deepen on weaker shilling

Kenya's struggling national carrier Kenya Airways on Tuesday reported a surge in losses in the first half of the financial year due to increased foreign exchange and borrowing costs.

3M to settle US veterans hearing loss lawsuits for $6 bn

Manufacturing giant 3M said Tuesday it has reached a $6 billion settlement over claims by US military veterans that its earplugs were faulty and failed to protect their hearing.

Stocks extend gains before key US data

Stock markets extended a global rally Tuesday ahead of US data this week that could be key to the Federal Reserve's decision-making on interest rates.

Meta fights sprawling Chinese 'Spamouflage' operation

Meta on Tuesday said it purged thousands of Facebook accounts that were part of a widespread online Chinese spam operation trying to covertly boost China and criticize the West.

German state leader demands answers on anti-Semitic flyer

A powerful German state leader ordered a probe Tuesday into an anti-Semitism scandal within his ruling coalition just weeks ahead of a key regional election.

Stock markets extend gains

Stock markets extended a global rally Tuesday ahead of US data this week that could be key to the Federal Reserve's decision-making on interest rates.

UBS set to post first results since Credit Suisse merger

As UBS prepares to post earnings this week, investors and employees are eagerly awaiting clues as to how Switzerland's largest bank is faring after swallowing up its fallen rival Credit Suisse.

China, US hold fresh talks on trade disputes

US and Chinese officials held a fresh round of talks on contentious trade issues Tuesday, the third day of a visit to Beijing by US Commerce Secretary Gina Raimondo.

Glitch halts Toyota factories in Japan

Toyota said Tuesday it has been hit by a technical glitch forcing it to suspend production at all of its 14 factories in Japan.

Staff to strike at Chevron gas facilities in Australia

Workers at two of Chevron's major natural gas plants in Australia are set to go on strike next week, the US energy giant said Tuesday, threatening up to five percent of global LNG supplies.

Toyota factories in Japan hit by massive glitch

Toyota said Tuesday it halted operations at 12 of its 14 factories in Japan due to a system glitch, but that it did not appear to be a cyberattack.

London vehicle pollution toll zone expands despite controversy

London's Ultra-Low Emission Zone (ULEZ) is set to be expanded on Tuesday, with proponents promising cleaner air throughout the British capital but opponents decrying the financial burden during a cost-of-living crisis.

Stocks advance on Powell comments, China cut to tax on trading

Global stock markets rose Monday on positive sentiment surrounding interest rates and Chinese stimulus measures.

Climate poses 'high risk' for Europe's ski resorts

At current rates of greenhouse gas emissions, which would see Earth's surface warm nearly three degrees Celsius above pre-industrial levels, 90 percent of Europe's ski resorts will eventually face critical shortages of natural snow, researchers said Monday.

Libya foreign minister sacked after Israel meeting

Libya's internationally recognised prime minister has sacked his top diplomat after she met her Israeli counterpart, with news of the encounter triggering protests in a country that does not recognise Israel.

Ugandan charged under anti-gay law faces possible death penalty

Ugandan prosecutors have charged a man with "aggravated homosexuality", potentially a capital offence under controversial anti-gay legislation introduced by the country this year, an official said Monday.

Chinese electric carmaker BYD triples half-year profit

BYD, China's leading electric carmaker, said on Monday its half-year net profit had tripled based on record demand.

Stocks advance on Powell comments, China boosted by duty cut

Global stock markets rose Monday on positive sentiment on interest rates and Chinese stimulus measures.

Iran inaugurates last phase of mega-gas field

Iranian President Ebrahim Raisi inaugurated on Monday the last phase of the South Pars gas field, one of the world's largest natural gas condensate field and the country's biggest.

US, China to set up commercial issues working group

The United States and China will set up a new working group for discussing trade tensions, Washington said Monday, as the world's largest economy seeks to cool tensions with its strategic competitor.

China developer Evergrande plunges as Hong Kong trading resumes

Shares in troubled Chinese property giant Evergrande plummeted nearly 80 percent in Hong Kong on Monday after the end of a 17-month trading suspension.

China EV giant XPeng to buy rival for more than $740 million

Chinese electric car giant XPeng said Monday it would buy the EV subsidiary of ride-hailing platform Didi for more than $740 million and launch a new brand of vehicles.

Markets rally on Powell comments, China boosted by duty cut

Asian markets rose Monday after Federal Reserve chief Jerome Powell said officials would take a careful approach regarding interest rate hikes, while Chinese shares soared after the government cut the duty on trades.

Arizona Tribune - Economy (English)