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Featured

KKR secures Indian regulator approval for Gentari Renewables investment

New Delhi Global investment major KKR has received the competition watchdog CCI's approval to acquire a stake in Gentari Renewables India, a clean energy platform of Malaysia's energy giant PETRONAS. KKR is making the investment through its affiliate Sapphire US HoldCo (USA), LLC, which will subscribe to certain securities of Gentari Renewables India Pte Ltd, the Competition Commission of India (CCI) said on Tuesday.

Equitas Small Finance Bank rebounds after naming interim chief executive

Following a 19 per cent rout in four days, shares of Equitas Small Finance Bank (Equitas SFB) bounced back on Wednesday after the lender named Balaji Nuthalapadi as the interim CEO, subject to the central bank's approval. The bank, on November 3, said it would its Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Balaji Nuthalapadi, who is currently serving as a Whole-Time Director (Executive Director), as its interim CEO, subject to the ap

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Chinese economy beats growth expectations in first quarter

China's economy grew far more than expected in the first quarter of 2024, data showed Tuesday, even as it is buffeted by a property-sector crisis and flagging consumer spending.

Australia's Great Barrier Reef struggles to survive

Australia's famed Great Barrier Reef is suffering one of the most severe coral bleaching events on record, leaving scientists fearful for its survival as the impact of climate change worsens.

Even as Olympic costs climb, France says they are quite cheap

The final bill for the Paris Olympics is still unknown but, depending on the point of view, are likely to be expensive compared to original estimates or cheap, when set against other recent Games.

China posts forecast-beating growth in first quarter

China's economy grew far more than expected in the first quarter of 2024, data showed Tuesday, even as it is buffeted by a property-sector crisis and flagging consumer activity.

Swiss watch brands making time for India

Swiss watchmakers are increasingly turning their sights towards India thanks to a new free trade agreement that is due to gradually open the doors for luxury timepiece exports.

Cheap Chinese steel threatens jobs in Latin America

Latin American metal workers are clamoring for higher import tariffs as cheap Chinese steel floods the region, threatening hundreds of thousands of jobs linked to the industry.

Salman Rushdie recounts stabbing in new memoir 'Knife'

British-American author Salman Rushdie recounts the near-fatal stabbing at a public event in 2022 that left him blind in one eye and his journey to healing in his new memoir "Knife," which hits stores Tuesday.

Drought-hit Panama Canal to ease traffic restrictions

The number of ships allowed through the drought-hit Panama Canal each day will be increased thanks to signs of an improvement in water levels, authorities said Monday.

Samsung returns to top of the smartphone market: industry tracker

Samsung regained its position as the top smartphone seller, wresting back the lead from Apple as Chinese rivals close the gap on both market leaders, industry tracker International Data Corporation (IDC) reported Monday.

Oil sinks on de-escalation hopes following Iran strike

World oil prices sank Monday as traders bet on de-escalation in the Middle East despite a strike on Israel by key crude producer Iran.

Lufthansa reports loss, cuts outlook after strikes

German airline giant Lufthansa reported a hefty first-quarter loss Monday and downgraded its 2024 outlook due to recent strikes, while warning of risks from conflict in the Middle East.

Hong Kong conditionally approves first bitcoin and ether ETFs

Hong Kong's securities regulator on Monday granted conditional approval to start the city's first spot-bitcoin and ether exchange-traded funds (ETFs), firms involved said, positioning it as a leader in Asia for the use of cryptocurrencies as investment tools.

US retail sales up more than expected in March

Retail sales in the United States grew more than anticipated last month, government data showed on Monday, defying predictions of weaker consumer demand.

Oil sinks on de-escalation hopes despite Iran strike

World oil prices sank Monday as traders bet on de-escalation in the Middle East despite a strike on Israel by key crude producer Iran.

OpenAI comes to Asia with new office in Tokyo

ChatGPT creator OpenAI opened a new office in Tokyo on Monday, the first Asian outpost for the groundbreaking tech company as it aims to ramp up its global expansion.

China economy seen slowing in first quarter on housing, consumer woes

China's economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity.

China set to post slowing growth on housing, consumption woes

China's economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity.

Stocks hit by Iran's Israel strike, hopes for containment stem losses

Equities tumbled Monday in Asia after Iran ramped up Middle East tensions by launching a barrage of rockets at Israel over the weekend, fuelling fears of a wider conflict in the volatile region.

Debt and climate back on IMF, WB spring meetings agenda

The spring meetings of the International Monetary Fund and the World Bank are due to open Tuesday, with two clear objectives: help countries combat climate change, and assist the most indebted nations.

Decorated 'Hero of Ukraine' learns to live with bionic arms

Valeriy Kucherenko is a decorated "Hero of Ukraine" but the battle he is currently fighting is learning how to eat and use the toilet alone.

Scholz walks tightrope on trade and politics in China

German Chancellor Olaf Scholz arrived in China on Sunday, kicking off a trip in which he faces a tough balancing act as he aims to shore up economic ties with Berlin's biggest trading partner.

Race for AI isn't zero-sum, says Amazon cloud boss

As Google races with Microsoft and OpenAI to create world-changing generative artificial intelligence, some critics see Amazon as lagging behind.

After long peace, Big Tech faces US antitrust reckoning

After more than a decade of leaving Big Tech largely to itself, US antitrust enforcers have cranked up the heat, with several high-profile cases underway that could radically change the way the industry's giants do business.

Chelsea's £90 million loss puts pressure on for player sales

Chelsea face a huge challenge to avoid breaching Premier League sustainability rules after posting an £89.8 million ($112 million) loss for the 2022/23 season.

Transgender recall vote lays bare US battle between progressives and conservatives

Thousands of people voted to elect Raul Urena to Calexico council, hoping the young politician would bring a fresh approach to the California border city's long-standing problems with unemployment, crime and deprivation.

Abortion in America: Democrats take gloves off as Harris hits Arizona

Democrats were set to hammer Donald Trump on the divisive issue of abortion Friday, calling him the "architect" of a US healthcare crisis, as the party sees an opening with voters ahead of the November presidential election.

Abortion in America: Democrats taking gloves off as VP Harris hits Arizona

Democrats were set to hammer Donald Trump Friday on the divisive issue of abortion, calling him the "architect" of a US healthcare crisis, as the party sees an opening with voters ahead of the November presidential election.

Thai group buys iconic Berlin department store

Thailand's Central Group said Friday it has bought the iconic KaDeWe department store in Berlin from insolvent Austrian real-estate giant Signa.

Solid profits at banks as execs debate US economic risks

Large American banks reported solid earnings Friday behind still-high interest rates while offering varying views on the likelihood the United States can avoid a near-term recession.

Europe stocks boosted by ECB rate cut signal; earnings in focus

Europe's stock markets rose Friday after the European Central Bank signalled a likely June interest rate cut, with London boosted by fresh hope that Britain has escaped from recession, as dealers also awaited the start of the US earnings season.

Japan seeks to reclaim tech edge with overseas help

Massive overseas and domestic investments offer Japan a chance to reclaim its tech crown, but to become a convincing alternative to China the country must embrace rapid innovation, experts say.

Asian stocks sink despite to track Wall St gains, earnings in focus

Asian markets fell Friday as traders struggled to build on Wall Street's positive lead, with hopes for a June interest rate cut fading, while earnings season gets underway in the United States amid optimism for companies' profit outlooks.

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Arizona Tribune - Economy (English)