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Featured

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.

US, Iran trade strikes putting new strain on Middle East truce

Iran launched attacks on US sites in the Gulf in response to American strikes on the country, state media said Saturday, after Washington accused Tehran of attacking one of its cargo ships in the Strait of Hormuz.

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In a first, Ecuador to vote on oil drilling in the Amazon

To some, Ecuador's jungle is a home and a valuable tool in fighting climate change, to others, it is a vital solution to a struggling economy.

Colombian president wants to amend free trade accord with US

President Gustavo Petro announced Wednesday that he wants to renegotiate a free trade accord that Colombia has with the United States, the main destination for its exports.

US stocks drop as Treasury bond yields hit multi-year peaks

Wall Street stocks fell Wednesday as US Treasury bond yields surged to multi-year peaks, while the pound rallied following British inflation data.

Aldi to buy 400 supermarkets in US Southeast

Discount supermarket chain Aldi announced Wednesday a deal to purchase 400 grocery stores across the southeastern United States, expanding its footprint as inflation tests American consumers.

Intel abandons $5.4 bn deal to buy Israel's Tower Semiconductor

Intel Corporation has terminated a $5.4 billion deal to buy Tower Semiconductor in Israel after failing to get needed regulatory approval, the US chip maker announced Wednesday.

UK lagging in switch to green energy, study warns

The UK risks being left behind in the production of "green" electricity, despite having once being considered a leader in the energy transition, according to a new study.

Markets mixed as industrial production up, Fed minutes awaited

Global stocks wavered Wednesday on strong industrial production data from the US and eurozone, while concerns about the Chinese economy and a further Fed rate hike persisted.

Markets mixed as industrial production up, China woes persist

Wall Street opened higher Wednesday on strong industrial production data while Europe remained mixed following concerns about the Chinese economy and a further Fed rate hike.

Tentative truce in Libya capital after militia clashes kill 27

Gun battles between two leading armed groups in the Libyan capital Tripoli have killed 27 people and wounded 106, medics said Wednesday, as a tentative truce took hold.

China's Country Garden says 'major uncertainties' over bond payments

China's troubled property giant Country Garden said Wednesday there were "major uncertainties" over payments on its bonds, with fears swirling about the health of the country's heavily indebted real estate sector.

Bank of Ireland apologises for 'free money' tech glitch

Bank of Ireland apologised on Wednesday after fixing a technical issue that allowed customers to withdraw or transfer more money than was in their accounts.

European stocks waver on China woes, US rate concerns

European markets wavered Wednesday following a drop in Asian markets on concerns about the Chinese economy and investor fears of a further Fed rate hike.

Kenya's debt rises to historic high: treasury

Kenya's debt level has reached record highs despite President William Ruto's vow to tame the country's appetite for loans, treasury figures show.

Vietnam's VinFast targets US electric car market

Vietnamese electric vehicle maker VinFast has made its debut on the Nasdaq, and its shares soared to push its stock market valuation past Ford and General Motors on its opening day of trading.

Hong Kong exchange posts 31% rise in H1 profit despite IPO malaise

Hong Kong's stock exchange operator reported a "strong" first-half net profit of HK$6.31 billion ($807 million) on Wednesday, up 31 percent on the same period last year despite IPO activity being impacted by "global market fragility".

Asian markets fall on China woes, US rate concerns

Asian markets fell Wednesday on concerns about the Chinese economy and after stronger-than-expected US retail sales data increased the likelihood of a further Fed rate hike.

Plus-size movement reshapes fashion in Brazil

Defying the fashion world's narrow stereotype of beauty, Brazilian plus-size designer Amanda Momente poses confidently for the camera, wearing the clothing label she founded after failing to find other options that fit.

'Nothing allowed for them': Afghan women demand education rights in UN appeal

Engineering student Somaya Faruqi had to flee Afghanistan to continue her studies after the Taliban government returned to power two years ago and banned more than 1.1 million girls and women from schools and universities.

Iran re-arrests reporter who interviewed Amini father: activists

Iranian authorities have re-arrested a journalist who interviewed the father of the woman whose custody death sparked months of protests, just two days after her release from jail, activists said on Tuesday.

Russia tests digital ruble in bid to bypass sanctions

Russia began testing its new digital ruble with consumers on Tuesday, in the hope blockchain technology will help it evade sanctions and tighten control over its citizens.

Global stocks down on weak Chinese data

Global stocks fell on Tuesday after disappointing data from China deepened concerns over the state of the world's second-largest economy.

US retail sales bounce with online spending boost

US consumer spending rose more than anticipated in July, according to government data released Tuesday, showing resilience even as the economy cools on the back of a boost from online spending.

UK's long-term sick pile pressure on economy

The number of people not working in the UK due to chronic illnesses has soared since the pandemic, putting pressure on the British economy, analysts said on Tuesday.

French fire near Spanish border contained but dangerous: officials

A wildfire in France that triggered the evacuation of more than 3,000 people from holiday campsites near the Spanish border has been contained but remains dangerous, regional authorities said on Tuesday.

Europe stocks down on weak Chinese data

European stocks fell on Tuesday after disappointing data from China deepened concerns over the state of the world's second-largest economy.

Regional diplomacy in Niger crisis sheds light on cross-border ties.

Religious leaders and politicians in northern Nigeria have opened back-door channels in a frantic attempt to stave off military intervention in coup-stricken Niger.

UK unemployment climbs as wages grow at record rate

UK unemployment increased in the three months to the end of June while wages grew at record annual pace, official data showed Tuesday, as the economy struggles with high inflation.

Young Chinese scratch an economic itch with lottery cards

Chinese livestreamer Chen Ying has spent more than 100,000 yuan (around $14,000) on lottery scratch cards, which she systematically scrapes through on camera for her followers on social media platform Douyin.

Disney to shut Lucasfilm studio in Singapore

Lucasfilm's visual effects and animation studio in Singapore will close down in the coming months due to economic reasons, parent firm Disney said on Tuesday.

Russian central bank hikes key rate after ruble falters

Russia's central bank on Tuesday hiked its key interest rate from 8.5 to 12 percent, after the ruble crashed to a more than 16-month low against the dollar.

Asian markets mixed on US tech rally, weak China data

Asian markets were mixed Tuesday as a US tech rally buoyed sentiment while a batch of disappointing data from China stoked concerns over the state of the world's second-largest economy.

China stops releasing youth jobs data as economic figures disappoint

China on Tuesday said it would stop releasing data on its rising youth unemployment as a raft of disappointing figures stoked concerns over the state of the world's second largest economy.

Arizona Tribune - Economy (English)