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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

China's Xi looks to strengthen Vietnam ties after Biden visit

China's President Xi Jinping will arrive in Vietnam on Tuesday on a mission to strengthen relations, just months after Washington and Hanoi upgraded their diplomatic ties.

Desperation for the homeless on the streets of Los Angeles

When Carlos Schmidt beds down on the hard streets of Los Angeles, he has nothing but a backpack and an old blanket, like thousands of other homeless people in one of the richest cities in the world's richest country.

China sees progress at climate talks as OPEC fights for fossil fuels

China said on Saturday it saw progress in reaching a climate deal at a key United Nations summit in Dubai, despite a last-minute push by the OPEC oil cartel to resist a phase-out of fossil fuels.

Nigeria loads first crude at huge new Dangote refinery

Nigeria's huge oil refinery built by Africa's richest man Aliko Dangote received its first crude deliveries, the company said on Saturday, in the latest step to starting up the delayed megaproject.

Nearly two years into war, is Russia's economy out of the woods?

As he prepares to run for re-election in 2024, is President Vladimir Putin right to claim the worst is over for the Russian economy?

'Back on track': Biden unveils plan for first US high-speed train

Train enthusiast Joe Biden unveiled a $8.2 billion plan Friday to get America's creaking rail network back on track, including its first ever high-speed link between Los Angeles and Las Vegas.

EU strikes deal on landmark AI law

EU member states and lawmakers clinched a deal on Friday on how to draft "historic" rules regulating artificial intelligence models such as ChatGPT -- after 36 hours of negotiations.

US stocks, dollar gain after strong jobs data

Wall Street stocks finished the week on a positive note Friday following solid labor and consumer data, while the dollar pushed higher.

French court convicts six teens for role in beheading of teacher

A French court on Friday convicted six teenagers for their role in the 2020 beheading of a teacher by a radicalised Islamist near Paris, in a case that horrified the country.

Oil at the root of Guyana-Venezuela border row

The discovery of vast oil deposits is blamed for reigniting a decades-old territorial dispute between Venezuela and Guyana that fast worsened as Guyana started granting licenses to multinationals to exploit crude in waters claimed by both countries.

Stellantis warns thousands in US of potential job cuts

Stellantis has notified thousands of workers in the US states of Ohio and Michigan of potential layoffs, attributing the move partly to California rules that limit where vehicles can be sold.

Wall Street stocks shrug off strong jobs data

Wall Street stocks shrugged off data showing that hiring unexpectedly accelerated in the United States last month even though it might dent chances of an interest rate cut early next year.

US unemployment ticks down as job market remains robust

The United States saw its jobless rate dip in November while hiring rose more than expected, government data showed Friday, fueling optimism that the world's biggest economy may achieve the elusive goal of avoiding recession, while also taming inflation.

Once the bane of big tech, Vestager's star wanes

Margrethe Vestager is preparing to return to her day job as the European Union's competition chief after a hard-fought and ultimately unsuccessful bid to lead the bloc's lender.

New trains, new tracks: US rail to get much-needed facelift

Old-fashioned, slow, infrequent and often non-existent, trains have long been the poor relation of cars and planes in the United States.

US unemployment ticks down as hiring accelerates

The United States saw its jobless rate edge down in November while hiring rose more than expected, government data showed Friday, as policymakers mull the need for further efforts to cool the economy.

Krispy Kreme doughnuts, the latest US chain to try its luck in France

US doughnut chain Krispy Kreme has opened its first shop in Paris, hoping to follow in the footsteps of other American fast-food franchises have won over the French in recent years.

Spain's Calvino beats Vestager to head bloc's lender

Spain's economy minister Nadia Calvino on Friday won the race to lead the European Investment Bank, the bloc's lending arm whose significance has grown since war broke out in Ukraine.

Spain finance chief Calvino to head EU's lending arm

Spain's Economy Minister Nadia Calvino, the newly-named European Investment Bank (EIB) chief, is a politician who is well-versed in EU lore and a pragmatist with experience of navigating power struggles.

Gaza and Instagram make an explosive mix in Hollywood

Hollywood celebrities are paying the price for taking sides in the Gaza war -- plastering their social media accounts with slogans such as "Free Palestine" or "I stand with Israel".

'At capacity' New York squeezes homeless migrants

Blanca, an asylum seeker with two daughters, must leave the New York City shelter she has called home for the past year after Christmas to make room for new arrivals.

Tech shares lift US stocks as yen surges

US stocks rebounded Thursday behind strong gains in tech shares ahead of key US jobs data, while the yen surged against the dollar, weighing on Japanese shares.

US, Mexico to boost cooperation on foreign investment screening

The United States and Mexico plan to form a working group on foreign investment screening to guard against national security threats, officials said Thursday, as Washington pushes to shift supply chains toward trusted partners.

Washington Post staffers walk off the job in 24-hour strike

Hundreds of staff at The Washington Post, one of America's most storied newspapers, walked off the job Thursday in a 24-hour strike after 18 months of contract negotiations failed to secure a deal.

Striking Washington Post staffers walk off the job

Hundreds of staff at the Washington Post, one of America's most storied newspapers, walked off the job Thursday in a 24-hour strike, their union said, after 18 months of contract negotiations failed to secure a deal.

Venezuela-Guyana tensions soar, US mounts military exercises

The United States announced joint military flight drills in Guyana on Thursday as soaring tensions over a contested oil-rich region with neighbor Venezuela prompted the UN Security Council to call an urgent meeting.

Stock markets diverge, oil in slight rebound

Global stock markets diverged on Thursday, on the eve of key US jobs data, as oil prices rebounded slightly from five-month lows.

US firm Arctos Partners acquires 'minority stake' in Paris Saint-Germain: club

French champions Paris Saint-Germain said on Thursday US investment firm Arctos Partners had acquired a minority stake in the Qatari-owned French club.

EU to resume negotiations on world's first AI law on Friday

The European Union failed to clinch a deal Thursday on a sweeping law on artificial intelligence after nearly 24 hours of negotiations, but vowed to continue talks the next day.

Stock markets retreat, oil in slight rebound

European and Asian stock markets retreated Thursday on the eve of key US jobs data, as oil prices rebounded slightly from five-month lows.

Bitcoin rally shines spotlight on investor risks

A much-anticipated US approval of wider bitcoin trading has helped the world's biggest cryptocurrency reach 20-month heights, risking however pain for new investors unaccustomed to its volatility.

Asia, Europe track Wall St stock losses as US jobs market softens

Asian stocks sank Thursday, extending a rollercoaster week across world markets as investors jockey for position ahead of key US jobs data and oil struggled to bounce back after hitting a five-month low.

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Arizona Tribune - Economy (English)