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Featured

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.

World Cup fans get taste of American life -- at the mall

Waving flags and dancing to booming Latin music, the Ecuador football fans were living the World Cup fever. "Let's get this party started!" an announcer declared.

Last news

Two killed, hundreds arrested in Kenya protests

Two people were killed on Wednesday following anti-government protests in Kenya, a hospital official said, as the interior ministry announced the arrest of over 300 others in connection with the demonstrations.

After dismal Q2, Goldman Sachs hopeful for rebound in merger activity

Goldman Sachs reported a dive in profits Wednesday on weak merger and acquisition activity, but shares rallied as executives said an improvement could be near.

Tata picks Britain for £4-bn electric car battery plant

Indian conglomerate Tata Group announced Wednesday that it will build a gigafactory in Britain to manufacture batteries, as nations accelerate away from fossil fuel vehicles.

Stock markets rise as US rate hike fears ease, UK inflation slows

Stock markets mostly rose Wednesday as UK inflation slowed more than expected in June and investors grew increasingly optimistic that the US Federal Reserve would soon end its interest-rate hiking cycle.

Goldman Sachs reports 62% drop in Q2 profits on low merger activity

Goldman Sachs reported a steep drop in second-quarter profits Wednesday as it continued to struggle with an anemic merger and acquisition market and weakness in trading.

Stock markets mostly rise as rate hike worries ease

Stock markets mostly rose Wednesday as investors grew increasingly optimistic that the US Federal Reserve would soon end its interest-rate hiking cycle as inflation cools.

Steep drop puts S.Africa inflation back within target range

South African inflation dropped to the lowest level in 20 months in June, slipping back within the central bank's target range, official data showed Wednesday.

Tata to build £4 bn electric car battery factory in UK

Indian conglomerate Tata Group announced plans Wednesday to build a £4 billion ($5.2 billion) electric car battery factory in Britain to supply its Jaguar Land Rover brands, bolstering the country's efforts to phase out fossil fuel vehicles.

UK annual inflation drops under eight percent

Britain's annual inflation rate slowed more than expected in June as it dropped below eight percent, official data showed Wednesday, easing the country's cost-of-living crisis.

Most markets track Wall St rally but China weighs on optimism

Asian markets mostly rose Wednesday following a Wall Street rally as investors grow increasingly optimistic that the Federal Reserve will soon end its interest rate hiking cycle and the US economy will avoid a feared recession.

US stocks extend rally as bank earnings top estimates

Global stocks mostly rose Tuesday, with the Dow index in New York lodging its seventh straight gain, as solid banking earnings helped extend a market rally.

Kering shakes up underperforming Gucci

Kering announced Tuesday the departure of the long-time chief executive of Gucci, the luxury group's main brand which has struggled as the industry has flourished.

Spain hits Apple, Amazon with 194-mn-euro antitrust fine

Spain's competition watchdog said Tuesday it has slapped US tech giants Amazon and Apple with fines totalling 194 million euros ($218 million) for collusion in the sale of products.

Stocks advance as investors track US data, earnings results

European and US stock markets mostly pushed higher on Tuesday as investors digested data showing a mixed picture for the US economy and a fresh round of corporate results.

Dutch e-bike firm VanMoof declared bankrupt

Dutch electric bicycle maker VanMoof has been declared bankrupt, prompting the company to cease sales on Tuesday and angering customers who sought to file charges over the shop's failure to return broken bikes.

Stocks wobble as investors track US data, earnings results

Stock markets wavered on Tuesday as investors digested data showing a mixed picture for the US economy and a fresh round of corporate results.

Germany behind schedule on wind energy rollout: study

Germany has made strides in expanding its onshore wind power capabilities this year but needs to pick up the pace to meet key targets for the decade, a sector study said Tuesday.

US retail sales weaker than expected in June

Retail sales in the United States came in weaker than expected in June, the government reported Tuesday, with consumption remaining sluggish while inflation eases.

Novartis upgrades outlook despite US legal setback

Swiss pharmaceutical giant Novartis raised its earnings guidance for the second time this year on Tuesday despite a legal setback in the United States and announced it will spin off its generics unit later this year.

Markets on edge over China economy woes

Europe's stock markets wavered Tuesday after Asian losses, with investors remaining on edge over China's weaker-than-expected economy.

McDonald's UK apologises after racism, sexual misconduct report

The head of McDonald's in the UK apologised after the BBC on Tuesday reported allegations of sexual misconduct, racism and bullying by staff at the fast-food giant.

Markets drop as China growth worries offset Fed rate hopes

Most Asian markets sank Tuesday as further weakness in China's economy fuelled worries about the effects on global growth, overshadowing optimism that the United States is winning its battle against inflation and could avoid a recession.

Indian tycoon Adani slams 'malicious' Hindenburg report

Indian tycoon Gautam Adani on Tuesday denounced fraud accusations against his group by a US investment firm as a "deliberate attempt" to damage its image, at the first annual general meeting since the scandal.

Odesa port facilities damaged by Russian strike: Ukraine

A Russian overnight strike damaged port infrastructure facilities in southern Ukraine's Odesa, Kyiv's military said on Tuesday, hours after Moscow refused to extend a deal allowing the safe export of grain from the region.

Rich-poor split could tighten 'grip of poverty': World Bank chief

The new head of the World Bank said Tuesday that growing divides between rich and poor nations risked deepening poverty in the developing world, at a meeting of G20 finance ministers in India.

Asian markets drop as China growth worries offset Fed rate hopes

Pretty in pink: 'Barbie' marketing blitz hits fever pitch

Hollywood A-listers have been walking red carpets in hot pink, glitter is back, and companies from The Gap to Burger King are doing rose-colored collaborations: "Barbie" mania is everywhere as the hotly anticipated film hits theaters worldwide.

Global stocks mixed after weak China data

Lackluster Chinese economic data weighed on equity markets in Europe and Asia Monday, while Wall Street stocks extended an upward swing ahead of major earnings.

Stock markets split on China, earnings

Stock markets diverged Monday as traders weighed official data showing China's economy grew less than expected in the second quarter with hopes of an end to US interest-rate hikes.

Stock markets mostly fall as China data disappoints

Stock markets mostly retreated Monday as official data showed China's economy grew less than expected in the second quarter, offsetting hopes of an end to US interest-rate hikes.

Stock markets drop as China data disappoints

Stock markets retreated Monday as official data showed China's economy grew less than expected in the second quarter, offsetting hopes of an end to US interest-rate hikes.

Leaks, repairs, stress: how skeleton crew stopped Red Sea oil disaster

When an alarm sounded on the decaying oil tanker off Yemen's coast, signalling a leak in its engine room, Hussein Nasser quickly sprang into action.

Arizona Tribune - Economy (English)