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Apple raises prices for MacBooks and iPads, as costs soar over AI

Apple said Thursday it was raising prices for its MacBook computers, iPad tablets and other products, citing spiraling memory and storage costs sparked by the rise of artificial intelligence.

Binance to suspend crypto services in several EU countries

Cryptocurrency exchange Binance said Thursday it will suspend services in several European countries from next week as it has been unable secure regulatory approval to operate in the European Union.

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Actor Gerard Depardieu selling art collection

French actor Gerard Depardieu, who faces mounting problems over his private life, is to sell much of his art collection worth an estimated 3-5 million euros, his auctioneers announced Thursday.

Kenya government unveils budget to opposition walkout

Kenyan President William Ruto's government presented its maiden budget to parliament on Thursday but was met with a walkout by protesting opposition MPs.

US retail sales grow at slower pace on falling gas station sales

Retail sales in the United States grew at a slower pace in May but still came in stronger than expected, according to government data released Thursday, on the back of falling gas station sales.

ECB hikes rate to 22-year high as inflation still 'too high'

The European Central Bank on Thursday said eurozone inflation was still too elevated as it hiked interest rates for an eighth consecutive time to a two-decade high, despite a darkening economic outlook.

European markets mostly drop before ECB

Europe's stocks mostly fell Thursday before an expected European Central Bank interest rate increase, and after the US Federal Reserve paused its rate-hiking cycle but signalled more to come.

Markets mostly up as Fed holds rates, China cuts

Most markets rose Thursday after the Federal Reserve decided against hiking interest rates while China's central bank cut borrowing costs to kickstart the struggling economy.

TikTok to spend billions in SE Asia as e-commerce move pays off

TikTok's chief executive said Thursday the company would pour billions of dollars into Southeast Asia in the coming years, as a report showed its nascent venture into online shopping is paying off.

Markets mixed as Fed holds rates, China cuts

Markets were mixed Thursday after the Federal Reserve decided against hiking interest rates while China's central bank cut borrowing costs to kickstart the struggling economy.

Airport threatens Albania's fragile wild paradise

Flamingos and Dalmatian pelicans laze in the azure waters of a shallow lagoon near Albania's Adriatic coast.

ECB tipped to hike rates again, as Fed hits pause

The European Central Bank is expected to again hike interest rates on Thursday and signal that the fight against inflation is not over yet, analysts said, even as the eurozone falls into recession.

AIIB serves China's Communist Party: Canadian former executive

China's ruling Communist Party dominates the Asian Infrastructure Investment Bank and uses it to further its interests, a former executive has alleged in claims that prompted Canada to suspend participation in the institution.

Asian markets rise as Fed holds rates, China cuts

Asian markets rose Thursday after the Federal Reserve decided against hiking interest rates and China's central bank cut borrowing costs as officials look to kickstart the struggling economy.

China central bank cuts key interest rate to boost economy

China's central bank cut a key interest rate and injected $33 billion into financial markets Thursday, as data showed the world's second-largest economy was flagging.

Lithium boom comes to Brazil's 'misery valley'

In a cloud of gray dust, a heavy-duty excavator loads a truck with stone blocks containing lithium, the "white gold" of the clean-energy revolution, which some hope will transform this parched, impoverished region of Brazil.

Marvel swaps superpowers for spies in 'Secret Invasion'

Alien conspiracies, Oscar winners and hardly a superhero in sight: Marvel is taking its record-breaking franchise in a new direction with "Secret Invasion," a spy thriller starring Samuel L Jackson, Olivia Colman and Emilia Clarke.

US music publishers hit Twitter with copyright suit

Major music publishers on Wednesday filed a federal lawsuit accusing Twitter of failing to stop "rampant" copyright infringement on the platform.

Bitmanu's Revolutionary ASIC Miners Technology Reshape Crypto Landscape

NEW YORK, June 14, 2023 (GLOBE NEWSWIRE) -- The global crypto landscape has recently experienced the emergence of a new sensation in the form of a suite of ASIC miners from Bitmanu. Many industry stalwarts consider these mining rigs to be nothing less than a technological marvel that has the potential to change the way crypto mining will be done in the years to come.

Split decision in US stocks as market digests mixed messages from Fed

Wall Street indices moved in opposite directions Wednesday after digesting a mixed Federal Reserve decision that paired a pause in interest rate hiking with a signal for more tightening ahead.

Poles protest restrictive abortion law after pregnant woman dies

Several thousand people took to streets in Poland Wednesday to protest a near-total ban on abortion that they blame for a new case of a death of a pregnant woman.

Fed pauses interest rate hikes but signals more tightening ahead

The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating a sharp increase could be needed before the end of the year.

Swedish inflation dips, Beyonce blamed for high prices

Swedish inflation dipped under 10 percent in May, official statistics showed Wednesday, but was still higher than expected with some analysts suggesting superstar Beyonce had tipped the scales.

Vodafone, Three announce plan for biggest UK mobile group

Mobile phone giant Vodafone has agreed to merge British operations with Three UK, owned by Hong Kong-based CK Hutchison, to create Britain's biggest operator with 27 million customers and accelerate rollout of faster 5G connectivity, the pair said Wednesday.

Dominance, data, disinformation: Europe's fight with Big Tech

The European Commission, which said Wednesday that Google had abused its online ad dominance, has taken the fight to US tech giants on a variety of fronts -- from tax avoidance, disinformation and hate speech to data privacy and monopolistic practices.

Stock markets mixed ahead of Fed rate decision

European markets rose but Wall street wavered on Wednesday as investors awaited the US Federal Reserve's latest monetary policy decision, with traders expecting a pause in its rate-hike campaign.

Conduent Transportation Selected to Provide New EMV Contactless Payment Technology for Buses in Verona, Italy

Pilot project of the new technology will begin on a Verona airport bus line this month

Oreo-maker faces Scandinavia boycott over Russia

Scandinavian organisations are boycotting US group Mondelez, maker of snacks like Oreo and Toblerone, due to the group's continued presence in Russia, as Norway's government held a meeting Wednesday with several actors.

Arab states account for quarter of record Israel arms exports

Israeli defence exports hit an all-time high of $12.5 billion last year, with Arab countries that recently established ties accounting for nearly a quarter of purchase contracts, officials said Wednesday.

Vodafone, Hutchison announce merger of UK mobile ops

Mobile phone giant Vodafone has agreed to merge British operations with Three UK, owned by Hong Kong-based CK Hutchison, to accelerate rollout of faster 5G connectivity, the pair announced Wednesday.

EU says Google abused dominant positions in online ads

The European Commission accused Google on Wednesday of abusing its dominance of the online ad market and recommended the US company sell part of its ad services to ensure fair competition.

Erdogan hints at rate hike after election victory

Turkish President Recep Tayyip Erdogan signalled Wednesday that he would let his new economic team hike interest rates to combat inflation and stabilise the lira, reversing an era of unconventional policies.

Shell maintains oil output levels, sparking outcry

Shell plans to maintain oil production levels until 2030, the British energy giant said Wednesday, triggering an outcry from green campaigners who also slammed a big payout for shareholders.

German stock market hits record on Fed rate pause hope

Europe's stock markets jumped and the dollar weakened Wednesday with Frankfurt striking a record on hopes that the Federal Reserve would pause its interest-rate hiking cycle.

Arizona Tribune - Economy (English)