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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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Chinese snooker vows crackdown after match-fixing scandal

Chinese snooker vowed Wednesday to crack down on betting and launch an education drive after 10 players from the country were banned from the sport, two for life.

Stocks mixed as China data points to more weakness

Markets swung Wednesday as data showed ongoing weakness in China's economy as speculation swirls that officials will unveil fresh stimulus measures, while investors held out hope the Federal Reserve will skip an interest rate hike this month.

OECD slightly raises world GDP growth forecast to 2.7%

The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a "long road".

China trade with Russia hits highest level since start of Ukraine war

China's total trade with Russia in May soared to levels not seen since the beginning of Moscow's war in Ukraine, official data showed Wednesday, as Beijing steps up support for its sanctions-hit ally.

UK PM in Washington to meet Biden and talk tech, Ukraine

Prime Minister Rishi Sunak flew in to Washington late Tuesday lobbying for Britain to take a lead role in regulating artificial intelligence, after a dire warning of the technology's existential dangers.

China's exports fall 7.5% in May, adding to stimulus talk

China's exports fell in May for the first time since February, data showed Wednesday, breaking a two-month growth streak as a post-Covid rebound faded and adding to speculation that officials will unveil fresh stimulus measures.

Asian stocks edge higher on Fed hope but traders remain wary

Most markets crawled higher Wednesday on speculation that China will unveil measures to support its struggling economy, while investors held out hope the Federal Reserve will skip an interest rate hike this month.

Blinken discusses human rights with Saudi crown prince

US Secretary of State Antony Blinken discussed human rights with Saudi Arabia's crown prince Tuesday during a trip aimed at boosting ties with the long-time ally, which has forged closer relations with Washington's rivals.

US steps up crypto crackdown with Coinbase suit

In their second major action against a big crypto player in two days, US regulators sued Coinbase on Tuesday, alleging its failure to register as a securities exchange venue exposed investors to risk.

Oil slips after Saudi-driven rally while equities edge higher

Oil prices slid Tuesday as dealers mulled the weak demand outlook after having rallied the previous day on output cuts from key crude producer Saudi Arabia.

CIA knew of Ukraine plan to blow up Nord Stream pipeline: report

A European spy agency told the CIA it knew of a Ukraine special operations team plan to blow up the Nord Stream gas pipeline three months before explosions damaged the undersea system last year, the Washington Post reported Tuesday.

French pensions protests falter despite anger

French protests against President Emmanuel Macron's pensions overhaul began to run out of steam on Tuesday with lower numbers taking to the streets and leaders questioning the future of the movement.

Ukraine nuke plant safety at stake after dam damage

While there is "no immediate nuclear safety risk," the UN nuclear watchdog is exploring options to get water to keep cooling Europe's biggest atomic plant after a dam in southern Ukraine was damaged on Tuesday.

Oil slips after Saudi-driven rally; equities edge higher

Oil prices slid Tuesday as dealers mulled the weak demand outlook after having rallied the previous day on output cuts from key crude producer Saudi Arabia.

US securities regulator sues cryptocurrency platform Coinbase

US securities regulators sued Coinbase on Tuesday, alleging that the cryptocurrency platform's failure to register as a securities exchange venue exposed investors to risk.

Apple lays down the gauntlet to the metaverse

Tech giant Apple has unveiled its first major product in more than seven years, a mixed-reality headset that might just deliver a terminal blow to the "metaverse".

Oil sinks after Saudi-driven rally; equities flag

Oil prices sank Tuesday as dealers mulled the weak demand outlook after having rallied the previous day on output cuts from key crude producer Saudi Arabia.

S.Africa skirts recession with surprise first quarter growth

South Africa's economy grew slightly in the first three months of the year, shooing away fears of recession hanging over Africa's most industrialised country, official data showed Tuesday.

Finland's nuclear catacombs nearly ready to house waste

Deep within the bedrock in western Finland, flashing lights from heavy machinery cast shadows in eerie tunnels that lead to a tomb that must remain unperturbed for millennia.

Crisis-hit UK business lobby faces survival vote

Britain's scandal-hit business lobby group, the CBI, faces a vote crucial to its survival Tuesday, with members urged to back reform under new leadership after allegations of sexual harassment by staff.

Asian markets struggle to kick on after rally, with eyes on Fed

Asian markets wobbled Tuesday after a two-day rally as profit-takers stepped in and traders weighed the chances of the Federal Reserve skipping an interest rate hike this month.

French left in last-ditch bid to derail pensions overhaul

France's left-wing forces and labour unions will stage another day of strikes on Tuesday to try to derail President Emmanuel Macron's pensions overhaul, insisting that the fight to thwart the changes is not over even after it became law.

Musk says China detailed plans to regulate AI

Top Chinese officials told Elon Musk about plans to launch new regulations on artificial intelligence on his recent trip to the Asian giant, the tech billionaire said Monday, in his first comments on the two-day visit.

Lula leads tributes on anniversary of Amazon double murder

Brazilian President Luiz Inacio Lula da Silva urged the world Monday to ensure British journalist Dom Phillips and Brazilian Indigenous expert Bruno Pereira did not die in vain, at commemorations marking one year since their murder in the Amazon rainforest.

China inaugurates embassy in Honduras

China officially inaugurated its embassy in Honduras on Monday, just weeks after the Central American country switched its diplomatic allegiance from Taiwan to Beijing.

Mixed day for global stocks as Saudi announcement lifts oil prices

Oil prices advanced Monday after key producer Saudi Arabia slashed output by a million barrels in a bid to prop up prices, while Wall Street stocks retreated from multi-month peaks.

Qatar minister picked to head UN labour conference

Qatar's labour minister was on Monday appointed without a vote to head the International Labour Organization's annual decision-making conference, despite union criticism amid concerns over labour conditions in Qatar.

Three men risk jail in France over assault on Brigitte Macron's relative

Three men went on trial in France on Monday facing up to three and a half years in jail on charges of beating up the great-nephew of French first lady Brigitte Macron last month outside her family's chocolate shop.

Spotify to cut 200 staff working with podcasts

Swedish music streaming giant Spotify said Monday it will cut some 200 positions, equalling two percent of its workforce, as it slims down its internal podcast operations.

Divers fish deadly 'ghost nets' from Santorini's depths

Off the spectacular Greek tourist island of Santorini, divers drag deadly "ghost nets" from the depths of the Aegean Sea which have claimed the lives of thousands of fish.

Oil market rallies on Saudi output cut

Oil rallied Monday after key producer Saudi Arabia slashed output by a million barrels in a bid to prop up prices, while fellow OPEC+ members agreed to continue current cuts to 2024.

Trial begins for French youth accused of burning alive teen girl

A man went on trial in France on Monday facing accusations of stabbing and then burning alive a 15-year-old girl in 2019 who was likely pregnant by him at the time.

Arizona Tribune - Economy (English)