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US slams China policies on chips but will delay tariffs to 2027

US trade officials determined that China should be punished for employing unfair tactics to dominate the semiconductor industry, but will wait 18 months to impose tariffs, American authorities said Tuesday.

Libya's top military chief killed in plane crash in Turkey

The head of Libya's armed forces and four other passengers died on Tuesday when their business jet crashed shortly after taking off from Ankara, officials in Turkey's capital and Tripoli said.

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Ferrari says 80% of its models will be electric or hybrid by 2030

Ferrari unveiled Thursday plans to turn 80 percent of its production into all-electric or hybrid cars by 2030 in a major shift for an iconic brand renowned for its powerful combustion engines.

BoE unveils fifth straight rate hike as inflation soars

The Bank of England on Thursday hiked its main interest rate for the fifth straight time, as it forecast decades-high British inflation to soar further this year to above 11 percent.

Activision board says execs didn't ignore harassment

The board of directors of US video game publisher Activision Blizzard said Thursday that there was no evidence to suggest that management had ignored or minimized accusations of sexual harassment.

Musk to address Twitter staff amid buyout turmoil

Elon Musk is set to field questions Thursday from wary Twitter workers eager to know if he intends to complete his turbulent $44 billion buyout bid and roll back limits for what people can say on the platform.

Binance backs Musk stance over free speech on Twitter

The boss of cryptocurrency exchange Binance told AFP on Thursday that he had pledged $500 million to fund Elon Musk's takeover of Twitter to support free speech.

Stocks tank as central banks hike rates

Stock markets tumbled Thursday as central banks hiked interest rates in efforts to tame runaway inflation which has raised fears of recession.

UN warns of 'alarming rise' of hunger in Sudan

Political and economic turmoil have helped drive a third of Sudan's population towards life-threatening food shortages, and the situation is likely to worsen, the UN said on Thursday.

Hectic horse-trading as WTO talks enter overtime

Talks at the World Trade Organization were going deep into overtime on Thursday with countries trying to thrash out an over-arching deal encompassing food security, fishing and combating Covid-19.

Scandal-hit UK PM loses second ethics chief

British Prime Minister Boris Johnson's top ethics advisor said he had quit after the government forced him into an "impossible and odious" position, according to a letter released on Thursday.

BoE unveils fifth rate hike in row as inflation soars

The Bank of England on Thursday hiked its main interest rate for a fifth straight time, as it forecast British inflation to soar further this year to above 11 percent.

Controversial Paris Opera dance chief quits

The director of dance at the Paris Opera, Aurelie Dupont, who faced criticism in the past over her leadership, announced her surprise resignation on Thursday.

Qatar Airways posts 'record' $1.54 bn profit despite pandemic

Qatar Airways on Thursday posted a record net profit of $1.54 billion for the 2021-2022 financial year, a result it attributed to a "successful strategy" during the coronavirus pandemic.

WTO deals still within sight after all-night arm-twisting

Countries were still negotiating on deadline day Thursday after frantically haggling through the night at the WTO in a bid to salvage deals on food security, fishing and combating Covid-19.

Ziggy Stardust: 50 years of Bowie's alien revolution

It is half a century since Ziggy Stardust -- a character that turned David Bowie into an intergalactic star and revolutionised sexual politics in the process -- crashed onto Earth.

'They'll always be a group': New York fans patient for BTS return

The announcement by pop group BTS that they were taking a break saw their label's stock price quickly plunge, but in New York, fans of the world's biggest band took a more philosophical approach.

Wall Street stocks greet aggressive Fed rate hike

Wall Street stocks welcomed Wednesday's aggressive moves by the Federal Reserve to counter inflation, while European equities also gained following an emergency central bank meeting to address fallout from monetary tightening.

Parts of storm-wrecked Yellowstone to remain shut all year

Parts of Yellowstone will remain closed for the rest of the year because of extensive flood damage, managers say, with the oldest national park in the United States completely shuttered Wednesday.

US Fed announces biggest interest rate hike since 1994

The Federal Reserve announced the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points on Wednesday as it battles against surging inflation.

Toronto police chief apologizes to Black community for discrimination

Toronto's police chief apologized Wednesday for his officers' excessive use of force against Blacks, and released data backing up community claims of discrimination by law enforcement in Canada's largest metropolis.

Deadly heatwaves threaten economies too

More frequent and intense heatwaves are the most deadly form of extreme weather made worse by global warming, with death tolls sometimes in the thousands, but they can also have devastating economic impacts too, experts say.

Tesla driver-assistance involved in 273 US crashes: report

Tesla vehicles have been involved in most of the crashes involving "Level 2" driver-assistance systems reported to the government, according to US data released Wednesday.

US slaps sanctions on Russian, Swedish far-right extremists

The United States on Wednesday slapped sanctions on white nationalists from Russia and Sweden, warning they posed a threat and that one raised funds for Moscow's invasion of Ukraine.

European equities rebound as ECB vows to avoid bond stress

Europe's equities pushed higher Wednesday as the European Central Bank pledged to ease the stress in volatile eurozone bond markets, while investors also braced for a major US rate hike.

ECB moves to ease bond stress after surprise meeting

The European Central Bank said Wednesday it would "apply flexibility" to quell rising borrowing costs for more indebted eurozone members after an emergency meeting aimed at soothing market jitters.

Biden chastises oil industry over fuel costs

US President Joe Biden on Wednesday chastised the oil industry over soaring fuel prices at the heart of 40-year high inflation, warning of unspecified emergency measures.

Storm in a teacup as minister urges Pakistanis to cut back on 'chai'

A Pakistani minister has caused a storm in a teacup by urging citizens to cut back on drinking "chai" as a way to preserve foreign currency that pays to import the leaves used in brewing the popular beverage.

Netflix seeks recruits for real-life 'Squid Game'

Want to play "Squid Game" for real? Netflix is looking for recruits to compete for millions of dollars -- and even promises not to have you violently murdered if you lose.

Ikea to 'scale down' Russia, Belarus operations over Ukraine war

Swedish furniture giant Ikea said Wednesday it would "scale down" its activities in Russia and Belarus, after putting them on hold following the Russian invasion of Ukraine.

WTO talks extended in bid to seal elusive deals

The World Trade Organization's ministerial conference will run over into a fifth day Thursday in the hope of striking thus-far elusive deals on fishing subsidies, food security and combating Covid-19.

Thailand takes step towards same-sex marriage with parliament vote

Thailand took a step towards marriage equality Wednesday as lawmakers gave initial approval to legalising same-sex unions, prompting celebrations outside the parliament building.

Tanzania targets internet giants with new tax

Tanzania will introduce a digital tax this year, the country's finance minister said, in a move targeting global internet giants offering services in the East African nation.

China Covid pass system allegedly used to block protest

Authorities in central China allegedly used the country's powerful Covid tracking system to stop an anticipated protest, state media reported, sparking furious condemnation online on Wednesday.

Arizona Tribune - Economy (English)