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UN says Iran nuclear pledge needs 'very strong' verification

The UN's nuclear chief said Friday that Iran's pledge not to build a nuclear weapon would need "very strong" verification, as the United States and the Islamic republic negotiate a permanent settlement to end their war.

Hospitals overwhelmed as Europe heatwave shifts east

A deadly European heatwave that has saturated hospitals as temperatures soared to record highs was to shift east on Friday, with authorities warning of more misery on a continent not used to stretches of punishing heat.

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Workers approve latest contract at Boeing supplier Spirit

Striking workers at Spirit Aerosystems, a key Boeing supplier, will return to the factory after approving an enhanced four-year labor contract, the union said Thursday.

July 4th weekend celebration to test US travel system

Travel forecasters are predicting record travel for the July 4th weekend, but this year's celebration may also be something of a battle with the elements.

Task force recommends major reparations for Black Californians

California should pay substantial financial reparations to African-Americans to compensate for the legacy of US slavery and systemic racism, a committee report published Thursday said.

Greta Thunberg denounces 'ecocide' in Ukraine

Environmental activist Greta Thunberg on Thursday denounced the ecological havoc caused by Russia's invasion of Ukraine and the lack of international reaction to the disaster.

Stocks diverge as US economy shows resilience

Stocks diverged Thursday as investors weighed strong US economic data against renewed central bank warnings that interest rates would rise further to tame inflation.

Better supervision needed after bank failures: US Fed chair

US Federal Reserve Chair Jerome Powell said Thursday that stronger regulation and greater agility was required in supervising the banking sector following a string of high-profile failures earlier this year.

Stock markets diverge as dealers refocus on rates outlook

Equity markets were mixed Thursday as central bank warnings that interest rates would rise further to counter inflation offset hopes the US economy could avoid a recession.

Three French airports paralysed as air controllers strike

France's civil air authority said Thursday it had ordered airlines to cancel flights to and from three airports because of a strike by air traffic controllers.

Hurt felines: Japanese app aims to detect cat pain

Cats are considered lucky in Japan, and owners of the popular pets spend big on their care. But how do you know when they're feline down?

Sri Lanka unveils debt restructure to tackle economic crisis

Sri Lanka's central bank unveiled a far-reaching debt restructuring plan on Thursday aimed at restoring stability after an unprecedented economic crisis last year that led to the toppling of then-president Gotabaya Rajapaksa.

Markets mixed as traders weigh rate plans, yen softens

Equity markets were mixed Thursday as central bank warnings that interest rates would rise further to counter inflation played up against hopes the US economy could avoid a recession.

Crippled exports slow Vietnam's growth

Vietnam's economic growth slowed in the first half of the year as a slump in demand hit exports, authorities said Thursday.

EU presses Tunisia in bid to stem Med migrant flow

EU leaders meeting in Brussels on Thursday are to look at ways to press aid on Tunisia in a bid to stem migrant boat departures for Europe.

Sri Lanka offers 30% haircut to bond holders: central bank

Sri Lanka's central bank on Thursday unveiled its domestic debt restructuring plan, envisaging a 30 percent haircut on dollar-denominated bonds, including international sovereign bonds.

Gulf oil states on a Pacific charm offensive

Gulf oil states are using their vast wealth to build influence across the far-flung South Pacific, experts have told AFP, tearing a page straight out of China's Belt and Road playbook.

Most markets rise as traders weigh central bank rate plans

Most markets rose in Asia on Thursday, building on the previous day's advances, even after central bank chiefs warned that interest rates would rise further to counter persistent inflation.

Hollywood braced for 'double strike' as actors' deadline looms

Hollywood's summer of discontent could dramatically escalate this weekend, with actors ready to join writers in a massive "double strike" that would bring nearly all US film and television productions to a halt.

'Godfather of AI' urges governments to stop machine takeover

Geoffrey Hinton, one of the so-called godfathers of artificial intelligence, urged governments on Wednesday to step in and make sure that machines do not take control of society.

Nigerians mark Eid festivities navigating economic woes

Nigerians marked the Muslim festival of Eid al-Adha on Wednesday with prayers, celebrations and family dinners as many navigated high inflation, a steep currency devaluation and growing transport costs.

Diageo ditches Diddy over brand neglect and racism claim

Drinks giant Diageo on Wednesday said it had ended its relationship with Sean "Diddy" Combs after the US rapper accused it of neglecting their business agreement and racism.

Govt mulls rescue of UK's biggest water supplier

The UK government on Wednesday expressed serious concern about the financial plight of the country's biggest privatised water company, but insisted the taps would keep flowing for millions of consumers.

Stocks diverge as US rally loses steam

Stock markets diverged Wednesday as a rally fuelled by upbeat US economic data ran out of steam.

EU moves closer to launching digital euro

The EU on Wednesday took its first significant step towards launching a digital version of the euro, a controversial project that has been questioned by politicians and banks.

Stocks rally on upbeat US data

Equity markets rallied and the dollar firmed Wednesday after data showed the US economy was resilient in the face of rising interest rates aimed at cooling elevated inflation.

Markets rise as upbeat US data plays against rates outlook

Equity markets rose Wednesday as investors weighed data showing the US economy remained resilient in the face of rising interest rates against the prospect of more tightening to bring inflation under control.

Markets mostly rise as upbeat US data plays against rates outlook

Equity markets mostly rose Wednesday as investors weighed data showing the US economy remained resilient in the face of rising interest rates against the prospect of more tightening to bring inflation under control.

Lucky to come home: Growing up trans in Brazil can be deadly

Wearing a pink dress that matches the bow in her hair, eight-year-old Agatha flashes a smile that belies all she has been through as a trans child growing up in Brazil.

Markets mixed as upbeat US data plays against rates outlook

Asian markets were mixed Wednesday as investors weighed data showing the US economy remained resilient in the face of rising interest rates against the prospect of more tightening to bring inflation under control.

At Toronto tech show, second thoughts emerge over AI

Months after the spectacular launch of ChatGPT, the AI revolution is well underway but hints of caution are emerging, especially over letting one or two companies reign supreme.

UBS to cut 35,000 jobs after Credit Suisse rescue: report

Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse -- more than half its workforce -- as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday.

Biden unveils election battle plan: 'Bidenomics'

President Joe Biden is making a big bet on the US economy powering him to re-election next year with the unveiling of a "Bidenomics" pitch to voters this week.

ECB recommends £500,000 fine for Yorkshire after cricket racism scandal

England cricket chiefs have recommended that Yorkshire be fined £500,000 ($638,000) and given hefty points deductions over their handling of the Azeem Rafiq racism scandal.

Arizona Tribune - Economy (English)