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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.

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Markets extend rally on hopes Fed near end of rate hike cycle

Asian traders on Friday welcomed more data showing falling US inflation, giving the Federal Reserve room to bring the curtain down on more than a year of interest rate hikes.

In Sao Paulo, boom of apartments the size of hotel rooms

Lara Maia types on her laptop perched on a small desk occupying a gap between the fridge and wardrobe in her micro-apartment in Sao Paulo, Latin America's most populated city.

Hollywood 'double strike': what it means

Hollywood's actors and writers will join forces on the picket line from Friday, after studios failed to reach a deal this week with the Screen Actors Guild (SAG-AFTRA).

Aspartame sweeteners 'possibly carcinogenic', says WHO

The WHO said Friday it was now classifying aspartame, an artificial sweetener commonly used in soft drinks, as "possibly carcinogenic to humans" -- though the acceptable daily intake level remains unchanged.

Strikes end at western Canada ports after deal reached

A strike which had shut down ports along Canada's west coast, including the country's largest in Vancouver, has ended after 13 days of nationwide economic repercussions, negotiators announced Thursday.

'I have to be able to pay my rent': Hollywood actor feels the squeeze

Dominic Burgess has been a member of Hollywood's Screen Actors Guild for well over a decade, guest starring in high-profile TV shows from "Modern Family" and "The Good Place" to "Star Trek: Picard."

US arrests former head of bankrupt crypto platform Celsius

US prosecutors arrested the former head of Celsius Network on fraud charges on Thursday, a year after the cryptocurrency platform filed for bankruptcy protection while owing investors $4.7 billion.

Delta lifts 2023 forecast as travel demand stays lofty

Delta reported record results in the second quarter on Thursday, raising its full-year forecast on continually robust travel demand as more international markets reopen.

Climate summit needs private sector to succeed: COP28 president

Sultan Al Jaber, Emirates oil executive and president of the most important climate summit since the Paris Agreement in 2015, has a quick answer when asked when the world will stop burning fossil fuels: when there's enough clean energy to replace them.

Stocks climb, dollar sinks as Fed seen ending rate hikes

World stock markets rallied Thursday and the euro hit a 16-month dollar peak, after easing US inflation stoked hopes the Federal Reserve's long-running campaign of interest rate hikes could be near an end.

First no-prescription birth control pill approved in US

US health authorities on Thursday approved the first over-the-counter birth control pill in the country, dramatically widening access to contraception for women in the United States where abortion rights are increasingly under assault.

France expands trade ties with UAE, Qatar: minister

Trade ties between France and Gulf Arab states, namely Qatar and the UAE, are expanding year-on-year, France's trade minister told AFP on Thursday, praising the deepening partnership as "good news".

ExxonMobil to buy Denbury for $4.9 bn to expand low-carbon business

ExxonMobil will acquire Denbury Inc., a specialist in enhanced oil recovery and carbon sequestration, for $4.9 billion as it builds out its low-carbon business, the oil giant announced Thursday.

UK public sector pay to increase but PM rules out more talks

UK Prime Minister Rishi Sunak on Thursday urged unions to call off strike action, warning the government will no longer negotiate on higher salaries.

AI-supercharged neurotech threatens mental privacy: UNESCO

The combination of "warp speed" advances in neurotechnology, such as brain implants or scans that can increasingly peek inside minds, and artificial intelligence poses a threat to mental privacy, UNESCO warned on Thursday.

UK economy falters as outlook darkens

The UK economy shrank in May on an extra public holiday for the coronation of King Charles III, official data showed Thursday, and as high inflation prolongs a cost-of-living crisis.

Hundreds arrested following Kenya protests: ministry

Kenya's interior ministry on Thursday said more than 300 people including a lawmaker had been arrested following violent anti-government protests that left seven people dead.

Stocks jump, dollar sinks as Fed seen ending rate hikes

China exports plunge in June, deepening economic woes

Chinese exports tumbled more than expected in June, official data showed Thursday, putting fresh pressure on Beijing to unveil more stimulus measures to kickstart the flagging recovery.

Markets surge on hopes Fed close to end of hiking cycle

Asian markets leaped Thursday on optimism the Federal Reserve's long-running campaign of interest rate hikes could be near an end after data showed US inflation rose less than expected last month.

Hot Tour Summer sees Taylor, Beyonce eye $1 bn mark

It's a pop queen's world and we're just living in it: Industry watchers are speculating over whether Tay or Bey could post the first billion-dollar tour, as 2023 witnesses an explosion of shows.

Race against time to find fresh water for Uruguay's capital

Uruguay is frantically laying pipes and digging wells as it races to find fresh sources of precious H2O amid a record drought that has threatened to leave its capital without potable water.

Rescuers resume search for migrant boats off Canary Isles

Spain's coastguard resumed the search for three migrant boats reported lost off the Canary Islands after suspending an aerial search earlier in the day due to bad weather.

Ukrainian women fight for uniforms that fit

At a training ground on the edge of Kyiv, a group of women ran through an obstacle course and fired Kalashnikovs, putting the new uniforms finally designed for them through a stress test.

US consumer inflation cools to lowest since early 2021

US consumer inflation cooled in June to its lowest rate since early 2021, according to government data released Wednesday -- an encouraging sign for policymakers battling cost-of-living pressures.

Stock markets jump as US inflation cools

Stock markets bounced on Wednesday as data showed US inflation cooled more than expected in June, raising hopes that the Federal Reserve will soon end its cycle of interest rate hikes.

Search for migrant boats off Canary Isles temporarily suspended

Spain's coastguard temporarily suspended Wednesday a search for three migrant boats reported lost off the Canary Islands after poor weather prevented a plane from being deployed to the area.

US annual consumer inflation cools to lowest since early 2021

Annual consumer inflation in the United States cooled in June to its lowest rate since early 2021, the Labor Department said Wednesday -- an encouraging sign for policymakers battling to lower cost pressures.

EU clears US chipmaker Broadcom's $61 bn VMware takeover

The European Commission approved US chipmaker Broadcom's planned $61-billion takeover of cloud computing firm VMware on Wednesday after the company offered remedies to ease competition concerns.

Caster Semenya says rights court ruling is 'only the beginning'

Double Olympic 800m champion Caster Semenya Wednesday hailed the decision of the European Court of Human Rights which ruled her human rights were violated by Swiss courts.

UK lenders 'can withstand major shock'

Britain's top lenders have passed stress tests to show they can withstand a major economic shock, even as rising interest rates pressure the financial system, the Bank of England said Wednesday.

Kenya police fire tear gas as protesters defy ban

Kenyan officers on Wednesday fired tear gas on protesters who defied a police ban to join a demonstration against tax hikes called by opposition leader Raila Odinga.

Arizona Tribune - Economy (English)