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Featured

'Unbearable': tracking heat in one of New Delhi's poorest areas

Durga Devi finds no relief after a day working in New Delhi's sweltering summer, because her poorly ventilated home radiates trapped heat, leaving her bedroom as hot as 45 degrees at night.

Viral bullying videos test Bhutan's digital transition

In the Himalayan kingdom of Bhutan, which has long limited outside influence, viral videos of school bullying have triggered debate over social media's erosion of traditional values.

Last news

UK launches mortgage help as interest rate soar

Britain on Friday unveiled help for millions of cash-strapped homeowners facing soaring mortgage costs in a cost-of-living crisis, after the Bank of England unexpectedly hiked interest rates to a new 15-year peak.

Spain's right rattled by row over 'macho' violence

The Spanish far-right's denial that gender violence exists is causing a headache for the conservative Popular Party (PP), who may need their help to come to power after next month's general election.

Dutch to shut Europe's biggest gas field after quakes

The Netherlands said Friday it would end production at Europe's largest gas field on October 1 after years of earthquakes, despite global energy worries sparked by Russia's war in Ukraine.

Heathrow security staff call off summer strikes

Security officers at London's Heathrow Airport have called off strikes over the peak-demand summer months after voting to accept an improved pay offer, their union said Friday.

UK economy falters on cost-of-living crisis

UK private-sector growth has slowed to a three-month low as soaring interest rates and stubbornly high inflation fuelled by rising food prices worsens a cost-of-living crisis, data showed Friday.

Big ideas but small steps at climate finance summit

A global climate summit wrapped up Friday with a "consensus" that the international financial system was woefully inadequate in an era of global warming, after taking small steps to helping debt-burdened developing nations.

Stocks retreat as traders eye more rate hikes

Equity markets declined Friday as traders eyed more interest-rate rises after another week of hikes by central banks to combat elevated inflation.

Cheers in Zambia after landmark debt deal

Jubilant lawmakers in Lusaka sang Zambia's national anthem on Friday after foreign lenders agreed to restructure part of the country's debt, a move that entrepreneurs said brought hope for the crippled economy.

Eurozone economic growth slows sharply in June

Eurozone economic activity worsened in June to a five-month low, hit hard by a fall in industrial production, a keenly watched survey showed on Friday.

Kenyan president slams 'unfair' global lending system

Kenyan President William Ruto does not hold back when describing the global lending system: it is "unfair, it's punitive, it doesn't give everybody a fair chance".

Asian, European markets fall again as traders eye more rate hikes

Equity markets sank Friday and oil extended a sharp selloff after a string of interest rate hikes by central banks revived worries about the global economy.

Indonesia entrepreneurs cash in on TikTok live selling spree

Indonesian livestreamer Christine Febriyanti stood in a room crammed with clothes in Jakarta, hawking colourful garments to hundreds of viewers on a TikTok livestream for a local fashion brand.

Asian markets fall again as traders eye more rate hikes

Equity markets sank Friday and oil extended a sharp selloff after a string of interest rate hikes by central banks revived worries about the global economy.

EU warns Twitter to beef up content moderation as new rules loom

The EU's top tech enforcer warned Elon Musk on Thursday that Twitter must have enough resources to moderate dangerous content by August 25 or risk being in violation of the bloc's landmark rules to rein in big tech.

Japan inflation slows to 3.2 percent in May

Japan's consumer prices rose 3.2 percent year on year in May, with the pace of inflation slowing from the 3.4 percent recorded in April, government data showed Friday.

Global stocks mixed as central banks hike rates

Global stocks were mixed Thursday with European bourses falling after a clutch of central banks in Europe hiked interest rates again, while US equities shook off recent weakness.

Dutch court says Angola's dos Santos diverted millions

A Dutch court has ruled that Isabel dos Santos, the daughter of Angola's late former president, illegally diverted 52 million euros from the southwestern African nation's state oil company.

Titanic sub operator believes all passengers 'sadly lost'

The operator of a submersible missing near the wreck of the Titanic said Thursday it believed all five people on board were dead, due to what the Coast Guard described as a "catastrophic" implosion of the vessel in the ocean depths.

Five things to know about Zambia

Copper-rich Zambia, the first African country to default on its debt during the Covid pandemic, on Thursday secured a deal from creditors to restructure its debt at a global finance summit in Paris.

Interest rate hike heaps pressure on cash-strapped Britons

Millions of Britons are facing fresh mortgage misery after the Bank of England increased interest rates by an unexpected half-point, putting homeowners at risk of higher repayments on their loans during a cost-of-living crisis.

BoE hikes rate half-point over stubborn inflation

The Bank of England lifted Thursday its key interest rate by a half-point to five percent to tackle stubbornly high inflation, despite such a move worsening a cost-of-living crisis.

UN puts Russia on 'list of shame' over children in conflict

The United Nations has put Russian military forces and proxy armed groups on its "list of shame" over violating children's rights in its war in Ukraine, according to a document seen by AFP Thursday.

Red Cross federation chief stepping down

The head of the Red Cross federation, the world's largest humanitarian network, is stepping down, a spokesman confirmed Thursday, following a row in Italy surrounding the Rome Pride event.

US home sales tick up in May but activity muted

Sales of existing homes in the United States edged up in May but activity remained muted on tighter supply and with interest rates still elevated, according to industry data released Thursday.

Cash-strapped Pakistan to lease part of Karachi port to UAE for $220 million

AD Ports Group of the United Arab Emirates (UAE) signed an agreement Thursday to take over the running of part of Pakistan's main Karachi docking facility in a deal worth an immediate $220 million, the company said.

Stock markets fall as central banks hike rates

Stock markets retreated Thursday as a clutch of central banks in Europe hiked interest rates again to combat persistently high inflation.

US Fed official says more rate hikes necessary

A senior US Federal Reserve official said Thursday that additional interest rate hikes are needed to tackle historically high inflation.

Climate goals depend on fixing global finance: top economist

If world leaders and the heads of multilateral development banks gathered at a Paris summit recognise that climate goals depend on revamping the architecture of global finance, it would be a "historic" development, a top development economist said Thursday.

Erkan: Former Wall Street star overseeing Turkey's troubles

Hafize Gaye Erkan can be forgiven for approaching her new job with caution after moving from the bright lights of Wall Street to the treacherous terrain of Turkey's much-maligned central bank, a place where job security is scarce.

BoE hikes rate half-point as high inflation persists

The Bank of England Thursday lifted its key interest rate by a half-point to five percent to tackle stubbornly high UK inflation despite such a move worsening a cost-of-living crisis.

Turkey hikes interest rate in Erdogan policy U-turn

Turkey on Thursday pivoted away from years of unconventional economics promoted by President Recep Tayyip Erdogan as the central bank nearly doubled its key interest rate to fight inflation and steady the troubled lira.

Musk and Zuckerberg call out each other for cage fight

Tech titans Mark Zuckerberg and Elon Musk are in a fierce business rivalry that has spilt over into a playground spat, with the two men offering to fight each other in a cage.

Arizona Tribune - Economy (English)