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Featured

IndiGo holds talks with Embraer over potential order for 100 aircraft

By Abhijith Ganapavaram and Aditi Shah NEW DELHI, Nov 4 (Reuters) - India's largest airline IndiGo is in early-stage talks to ‌buy 100 regional jets from Embraer, with options for about ⁠50 more, three people with direct knowledge of the matter said, in what could ‌be one largest commercial aircraft orders placed with the Brazilian planemaker. IndiGo ‌and Embraer did not immediately respond ‌to ⁠requests for comments.

India seeks threefold increase in coal stocks to prevent summer power shortages

India has asked coal miners and railways to help triple stockpiles at power stations before next summer, an ambitious target aimed at averting shortages that could also raise tensions with other users of the fossil fuel. The coal, power and railways ministries jointly set a goal to boost inventories at the plants from current levels near 18 million tons to at least 55 million by the end of the fiscal year in March, as reported by people familiar with the matter.

Last news

Almost impossible to deliver aid in Gaza, say top charities

Major international aid groups warned Thursday it was now almost impossible to work in Gaza, as one accused countries supplying arms to Israel of being complicit in what "amounts to genocide".

EU chief plunged into controversy over top job pick

European Commission chief Ursula von der Leyen is facing calls from senior officials and lawmakers to justify her choice of candidate to staff a top new EU role, according to a letter seen by AFP on Thursday.

Stocks rise on eve of US payrolls; gold shines

US and European stock markets rose Thursday on the eve of key US data, while gold set another record peak on the back of geopolitical tensions and hopes of interest-rate cuts.

US trade gap grows in February to highest level since April 2023

The US trade deficit expanded in February by more than analysts expected to reach its highest level since April 2023, as imports once again exceeded exports, according to government data published Thursday.

Yellen in China to press officials on tech industry subsidies

US Treasury Secretary Janet Yellen arrived in China's Guangzhou on Thursday for meetings to press Beijing over fears the country's industrial subsidies for green energy, cars and batteries could flood global markets with cheap goods.

Swedish firm acquires rock legends KISS' catalogue

A Swedish entertainment group co-founded by ABBA's Bjorn Ulvaeus has acquired the music catalogue, name and likeness of KISS and plans to produce a movie about the legendary rock band, the company said Thursday.

Asian markets mixed after US data, eyes on jobs report

Asian markets were mixed Thursday after US data provided a fresh indicator that inflation was easing and Federal Reserve boss Jerome Powell soothed worries around the bank's plans to cut interest rates this year.

Asian markets lifted by US data and fresh rate cut hopes

Asian markets rose Thursday after US data provided a fresh indicator that inflation was easing and Federal Reserve boss Jerome Powell soothed worries about the bank's plans to cut interest rates this year.

Oil prices hit fresh five-month high

Oil prices scored fresh five-month peaks Wednesday on unrest in the crude-rich Middle East and an OPEC+ call for its members to maintain its strategy of reducing output.

Cutting rates too soon could be 'quite disruptive': Fed's Powell

The US Federal Reserve's high benchmark rate is "doing its job" against elevated inflation, chairman Jerome Powell said Wednesday, warning that lowering it too soon could be "quite disruptive" for the American economy.

Uganda court throws out challenge to harsh anti-gay law

Uganda's Constitutional Court on Wednesday rejected a bid to scrap a controversial anti-gay law that is considered one of the toughest in the world.

US Fed should avoid climate change 'mission creep': Powell

The Federal Reserve should avoid tackling politically-charged issues like climate change without Congressional approval if it is to maintain public trust in the institution, the head of the US central bank said Wednesday.

Stocks fluctuate on rates outlook, Taiwan quake

Eurozone stocks rose but Wall Street indices wavered Wednesday on the possibility that the European Central Bank might cut interest rates before the US Federal Reserve.

US private sector hiring picks up again in March

US private sector hiring came in well above expectations last month, payroll firm ADP said Wednesday, with construction, financial services and manufacturing all contributing to the increase.

Turks left scrimping after inflation stokes rebuke to Erdogan

As the euphoria of a municipal election drubbing for President Recep Tayyip Erdogan ebbs, Turks are left watching their wallets with inflation that has sapped the longtime leader's appeal driving up costs for everyday basics.

Eurozone inflation falls faster than expected in March

The eurozone's annual rate of inflation dipped further than predicted in March, official data showed Wednesday, spurring hope that the European Central Bank will cut interest rates in June.

German family businesses desperately seeking buyers

The Scharringhausen deli has been selling fine foods and wines in northern Germany for 160 years, but its future is in doubt as it struggles to find a buyer to take over the business.

Malnutrition threatens future Afghan generations

Roya carefully spoon-feeds her daughter fortified milk in a ward for malnourished children, praying the tiny infant will avoid a condition that stalks one in ten young children in Afghanistan after decades of conflict.

Asian markets hit by dimming US rate hopes, Taiwan quake

Asian markets tumbled Wednesday as investors grow increasingly sceptical that the Federal Reserve will cut interest rates as much as hoped this year, while a massive earthquake in Taiwan added to the sense of gloom.

'Rock bottom': Colombia's Medellin acts against sex tourism

The mayor of the Colombian city of Medellin has issued two decrees in a bid to crack down on sex tourism, after an American traveler was found with two underage girls in his hotel room.

US Fed official predicts higher long-term interest rates

A senior Federal Reserve official confirmed Tuesday that she recently raised her prediction for interest rates over the longer term due to the enduring strength of the US economy.

Heathrow exec appointed new head of Britain's Royal Mail

Logistics and mail group International Distributions Services on Tuesday said it had appointed Emma Gilthorpe as chief executive of its subsidiary Royal Mail.

Tesla Q1 auto deliveries fall 8.5 pct, shares drop sharply

Tesla reported an 8.5 percent drop in first-quarter auto deliveries, missing estimates from leading analysts and weighing on shares.

Gold hits record peak, oil rises on geopolitical tensions

Gold prices nailed another historic peak Tuesday and oil extended gains over rising tensions in the Middle East, while stocks wilted as traders worried whether the rally has run its course.

Superdry shares plummet as CEO rules out takeover

Shares in troubled British clothing brand Superdry dived Tuesday after its chief executive ruled out a takeover of the troubled company.

Brown bear numbers grow in Pyrenees: France

The population of brown bears in the Pyrenees mountains, which had been threatened with extinction, keeps growing, French authorities said Tuesday.

Indonesia buys two submarines from France's Naval Group

Indonesia has ordered two Scorpene-class attack submarines from France's Naval Group as part of a defence cooperation agreement signed with Paris in 2021, the company said Tuesday.

The Libertines recall their happiest and darkest days in Paris

There were many times when the idea of an album by The Libertines in 2024 would have seemed an impossible proposition, and yet here they are -- and only a little late.

Israeli who lost parents on October 7 has message of peace

Israeli businessman Maoz Inon lost both his parents to the October 7 attacks by Hamas but while some bereaved have been baying for vengeance the 49-year-old has been preaching peace.

First vessel passes channel opened to aid Baltimore bridge cleanup

A tugboat pushing a fuel barge became the first vessel to sail through a temporary channel opened beside the collapsed Francis Scott Key Bridge in Baltimore harbor, authorities overseeing the cleanup operation said late Monday.

Thai senate debates same-sex marriage bill

The Thai senate on Tuesday debated a bill to legalise same-sex marriage, as the kingdom moves towards becoming the first Southeast Asian country to recognise marriage equality.

Japan health supplements tied to 157 hospitalisations

Japanese dietary supplements at the centre of an expanding health scare have now been linked to at least 157 hospitalisations, a health ministry official said Tuesday.

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Arizona Tribune - Economy (English)