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Featured

In Bulgaria, villagers fret about euro introduction

In Bilyana Nikolova's grocery store in Chuprene, a village in northwestern Bulgaria, prices are now displayed in levs and euros on hundreds of food products and other items.

Delayed US data expected to show solid growth in 3rd quarter

The US economy is expected to post another solid economic growth reading Tuesday, but the much-delayed figures likely will not settle debate on the labor market, AI and other variables.

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Euro slumps as recession risk stalks eurozone

The euro on Tuesday slumped to its lowest level since 2002 and European stock markets sank as growing recession risks sent shockwaves around the region.

Struggling SAS files for Chapter 11 bankruptcy proceedings in US

Faced with financial difficulties and a massive pilot strike, Scandinavian airline SAS said Tuesday it has filed for so-called Chapter 11 bankruptcy proceedings in the United States, as a part of restructuring plan.

Hacker claims major Chinese citizens' data theft

A hacker claiming to have stolen personal data from hundreds of millions of Chinese citizens is now selling the information online.

Israel PM visits France with Lebanon gas row topping agenda

Israeli Prime Minister Yair Lapid departed on his first foreign trip in office Tuesday to France, where he will ask for backing on a gas dispute with Lebanon that days ago saw Israel shoot down three Hezbollah drones.

Markets mostly up on talk Biden to roll back some China tariffs

Most markets rose Tuesday on growing speculation US President Joe Biden is about to roll back some of the Trump-era tariffs on Chinese goods as he looks for ways to rein in inflation, though sentiment remains at a premium owing to fears of a recession.

I.Coast eyes cassava for its bread as wheat prices surge

As wheat prices are driven upwards by the war in Ukraine, bakers in the West African state of Ivory Coast are starting to use locally produced cassava flour to bake bread.

China mulls dipping into pork reserves to rein in costs

Chinese authorities could dip into strategic pork reserves in a bid to rein in prices of the staple meat, Beijing's top economic planner said Tuesday.

Qatar's 'majlis' gamers target eSports big leagues

World Cup host Qatar doesn't just have its sights set on football -- it also hopes to harness its people's gaming skills as it launches into the burgeoning eSports sector.

US, China discuss 'severe' economic challenges, supply chains

Top officials from the United States and China held a "candid" video call on Tuesday to discuss global economic challenges, especially regarding supply chains.

Asian markets rise on talk Biden to roll back some China tariffs

Asian markets rose Tuesday on growing speculation US President Joe Biden is about to roll back some of the Trump-era tariffs on Chinese goods as he looks for ways to rein in inflation, though sentiment remains at a premium owing to fears of a recession.

'Guerrilla' sales, crowdsourcing: Japan's game console crunch

It's still dark when the line starts forming outside an electronics store in Tokyo, as desperate gamers try to snag the latest PlayStation or Xbox despite chronic shortages in Japan.

Indigenous protests cost Ecuador $1 bn, central bank says

Eighteen days of protests over the cost of living by Indigenous Ecuadorans who blocked roads and oil wells cost the country at least $1 billion, the central bank said Monday as the movement's leader went on trial.

UK drivers in go-slow protest over surging fuel prices

Protesters snarled up major UK roads on Monday with a slow-moving procession of vehicles to demand government action against rocketing fuel prices.

Central African Republic dives into crypto with the Sango

Undeterred by the turmoil hitting crypto, the Central African Republic (CAR) -- one of the poorest and most troubled countries in the world -- has unveiled plans to launch its own digital currency.

European equities recover as optimism creeps back in

Europe's stocks recovered somewhat Monday as investors tentatively regained some optimism following the heavy losses in the financial markets last week on fears that rising interest rates could spark recession.

Russia holds key Ukraine city in setback for Kyiv

Russian troops were on Monday holding the strategic Ukrainian city of Lysychansk after Kyiv's forces retreated, in a major boost for Russia's campaign to seize the entire Donbas region of eastern Ukraine.

Stocks fluctuate as traders fret over recession

Markets swung Monday as traders fret over a possible recession caused by central bank interest rate hikes aimed at fighting soaring inflation.

Funding and politics hit N.Ireland abortion services

Campaigners in Northern Ireland are closely watching US moves to restrict abortion, particularly concerns that women will now have to travel across states for terminations.

Chinese developer Shimao misses $1 bn bond payment

Chinese developer Shimao Group said it has failed to make payment on a $1 billion bond that matured Sunday, one of the biggest such defaults so far this year in the country's troubled property sector.

Bezos slams Biden appeal for lower gasoline prices

Amazon founder Jeff Bezos has criticized President Joe Biden for calling on oil companies to lower sky-high gasoline prices, prompting the White House to come to the US leader's defense on Sunday.

US officials urge calm after releasing video of police killing Black man

Authorities in the US state of Ohio appealed for calm Sunday after releasing body camera footage that showed police fatally shooting a Black man with several dozen rounds.

W.African bloc lifts Mali sanctions, agrees on Burkina transition

West African leaders on Sunday lifted sanctions on Mali's military regime, accepting a March 2024 return to civilian rule, and agreed on two years for Burkina Faso's transition back to democracy, delegates at a regional summit said.

Russia claims key Ukraine city, shelling kills 6 in Sloviansk

Russia claimed on Sunday to have captured the strategic Ukrainian city of Lysychansk and the entire frontline Lugansk region as a mayor said six people were killed by Russian shelling to the west.

Sri Lanka grinds to a halt as fuel reserves shrink

Sri Lanka has less than a day's worth of fuel left, the energy minister said Sunday, with public transport grinding to a halt as the country's economic crisis deepened.

Life resumes near Ukraine frontline despite war threat

Viktoria Miroshnichenko has just reopened her toy store in Kramatorsk, a city near the frontline in eastern Ukraine, despite the daily sound of bombing roaring in the distance.

US multinationals grapple with soaring dollar

The rapid rise of the US dollar since the start of the year is a double-edged sword for American multinational companies, pushing some of them to decide whether to hedge or reposition their activities abroad to avoid fallout.

Battle rages for Ukraine city, Belarus says downed missiles

Fighting raged for the strategic Ukrainian city Lysychansk on Saturday, as Belarusian leader Alexander Lukashenko said his army had intercepted missiles fired on his territory by Kyiv's forces.

Tesla deliveries fall with temporary closure of China factory

Tesla's deliveries of electric vehicles fell in the second quarter compared to the previous one due mainly to a weeks-long closure of its factory in China, the company said Saturday.

London marks 50 years of Pride

London on Saturday celebrated the 50th anniversary of its first Pride parade, marking half a century of progress in the fight for equality and tolerance but with warnings that more still needs to be done.

Pro-Russia rebels claim to 'encircle' key city, Ukraine denies

Fighting raged Saturday for Ukraine's strategic Lysychansk, as Kyiv denied a claim by Moscow-backed separatists that they had encircled the eastern city.

Ukraine's Zelensky accuses Russia of 'terror' as missiles rain down

Missiles rained down on Ukraine killing many civilians and wounding dozens in built up areas as the weekend began, prompting President Volodymyr Zelensky to accuse Russia of state "terror".

Outgunned island states vow to fight deep-sea mining

A handful of postage-stamp nations in the South Pacific launched an uphill battle this week against the deep-sea mining of unattached, fist-sized rocks rich in rare Earth metals.

Arizona Tribune - Economy (English)