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Featured

BRICS nations urge 'maximum restraint' in Middle East war

Members of the 11-nation BRICS group including China, Russia, Iran and India called for calm in the Middle East at a summit in New Delhi on Saturday, overcoming earlier divisions to issue a joint statement.

Quebec Brokerage Qubit Insurance Announces New Data on Coverage Shortfalls as Rebuilding Costs Rise

Qubit Insurance, an independent, AMF-licensed brokerage serving clients across Quebec, has revealed that a significant portion of Quebec homeowners may be underinsured due to rising construction costs. In a recent review of 1,200 new client policies, the brokerage found that 38% were underinsured relative to current rebuilding costs by an average of 16%.

Last news

EU strikes budget reform deal after two-year wrangle

The EU agreed reforms Wednesday that will loosen budget rules with the goal of encouraging investments while keeping debt and spending under control, after France and Germany bridged their differences.

UK teens found guilty of killing trans girl

Two British teenagers were found guilty Wednesday of the "disturbing" murder of a 16-year-old transgender girl who died in a "frenzied and ferocious" knife attack.

US home sales edge up in November but still gloomy

Sales of US existing homes crept up in November, according to industry data released Wednesday, though they remained at a low level as high mortgage rates weigh on activity.

French health minister resigns over controversial immigration law

France's health minister resigned on Tuesday after the adoption of tough new immigration legislation backed by the far-right sparked an unprecedented rebellion within its ranks of President Emmanuel Macron's ruling party.

European stocks waver; London boosted by rate cut hopes

European stock markets wavered on Wednesday but London climbed and the pound sank as news of sharply slowing inflation stoked hopes of a Bank of England interest rate cut.

EU toughens rules on three major porn platforms

The European Union on Wednesday added three pornographic websites to its list of online platforms that are large enough to come under tougher safety regulation.

French govt seeks to calm tensions over immigration bill

French President Emmanuel Macron on Wednesday sought to restore unity to his centrist ruling party after the adoption of a tough immigration bill under pressure from the far right sparked an unprecedented rebellion within its ranks.

Hamas chief in Egypt for talks on Gaza truce and hostage release

The leader of Hamas visited Egypt on Wednesday as hopes grew that Israel and the Palestinian militant group may be inching toward another truce and hostage release deal in the Gaza war.

Toyota subsidiary to halt all shipments over rigged safety tests

Toyota subsidiary Daihatsu said Wednesday it will suspend shipments of all car models in Japan and abroad, following news it had rigged safety tests.

UK inflation hits lowest level in more than two years

British inflation has slowed sharply to the lowest level in more than two years on falling petrol prices, official data showed Wednesday, easing a cost-of-living crisis after aggressive interest-rate hikes.

Hospital doctors in England start new strike over pay

Hospital doctors in England begin their longest strike action yet on Wednesday in a move that health bosses fear will pile pressure on services at the busiest time of year.

Toyota subsidiary to halt shipment of all models over rigged safety tests

Toyota subsidiary Daihatsu said Wednesday it will suspend shipments of all car models currently in production both in Japan and abroad, following new revelations about its rigging of safety tests.

Online video games, the latest hunting grounds for drug cartels

Narcotics police the world over are sprucing up their video game skills, as cartels go increasingly online to sell drugs and recruit dealers.

Waning influence of OPEC+ in spotlight as prices flag

Despite slashing oil production for months on end and announcing new cuts in late November, the Organization of the Petroleum Exporting Countries (OPEC) and its ten allies have struggled to boost flagging prices.

Hamas chief due in Egypt for Gaza ceasefire talks

The head of Hamas was due in Egypt on Wednesday for talks on a fresh ceasefire in Gaza, after Israel said it was willing to agree to another pause in exchange for more hostages.

Asian markets track another Wall St record on rate hopes

Asian stocks rallied Wednesday, following another record performance on Wall Street as traders continue to bet on the US Federal Reserve slashing interest rates several times next year.

New York state to study slavery reparations

New York state said on Tuesday that it would establish a commission to study reparations for slavery and victims of racism, following a similar undertaking in California, which pioneered the approach to such historical injustices in the United States.

France passes immigration bill despite Macron party rebellion

The French parliament on Tuesday passed an immigration bill backed by the government of President Emmanuel Macron after he faced a major rebellion within his own party over the support of the toughened-up legislation by the far right.

US bans pharmacy Rite Aid from facial recognition use

Pharmacy group Rite Aid was ordered Tuesday to stop using facial recognition for the next five years by a US regulator, which said the company falsely identified consumers as shoplifters using the technology.

Dow closes at another record as yen falls on Bank of Japan move

US stocks pushed further into record territory on Tuesday as investors bet on 2024 interest rate cuts, while the yen slid after the Bank of Japan maintained its ultra-loose monetary policy.

New Gaza truce efforts as aid system nears collapse

The UN Security Council struggled to find a unified voice Tuesday on pausing the Israel-Hamas war as aid efforts neared collapse and global economic fallout spread.

Macron facing rebellion after far-right backs French immigration bill

French President Emmanuel Macron faced a major rebellion within his own party from left-leaning deputies on Tuesday in a crisis sparked by the backing of a toughened-up immigration bill by the far right under Marine Le Pen.

Spain takes 10% of Telefonica following Saudi stake

Spain said Tuesday it will acquire 10 percent of local telecoms giant Telefonica, just months after Saudi Telecom took a significant stake in the operator.

Blue Origin returns to space after yearlong hiatus

Blue Origin launched its first rocket in more than a year on Tuesday, reviving the US company's fortunes with a successful return to space following an uncrewed crash in 2022.

French govt seeks to pass immigration bill with far-right backing

The French far-right National Rally under Marine Le Pen on Tuesday said it would back a flagship bill of President Emmanuel Macron's government tightening immigration rules, increasing the legislation's chances of being passed by parliament after days of deadlock.

Pfizer sues Poland and Hungary over Covid debts

Pharmaceutical firms Pfizer and BioNTech are suing the governments of Poland and Hungary alleging they failed to pay for vaccines ordered during the Covid pandemic, lawyers said Tuesday.

Fears for miners on second day of S.Africa underground protest

Frantic families waited at the surface Tuesday for news of more than 2,000 platinum miners who have taken over two shafts in one of South Africa's biggest mine protests in years.

Yemen rebels 'will not stop' Red Sea attacks: Huthi official

Yemen's Iran-backed Huthi rebels said Tuesday they would not halt attacks on Red Sea shipping despite the announcement by the United States of a new maritime protection force.

At Stockholm auction, vintage Ikea goes high-end

At a chic Stockholm auction house, 122 carefully-curated items with unusual provenance went under the hammer on Monday evening: vintage furnishings from flatpack furniture retailer Ikea was sold for a total of 37,000 euros ($40,000).

Stocks mostly up as Fed tries to temper rate cut expectations

Equities mostly rose Tuesday as traders looked past Federal Reserve officials' attempts to dampen expectations for several interest rate cuts next year, while the yen weakened after the Bank of Japan decided against moving away from its ultra-loose monetary policy.

Mapping bedbugs: S Korean blockchain engineer fights infestation with data

When news broke about a bedbug outbreak in his native South Korea, 29-year-old blockchain engineer and self-professed insectophobe Kang Jae-gu got straight to work -- on the data.

Panama says its canal produced record revenue despite drought

The Panama Canal delivered $2.5 billion to the national treasury for last year's operations, the government said Monday, despite record-low water levels that limited ship transits.

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Arizona Tribune - Economy (English)