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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

US Fed's preferred inflation gauge ticks up as fuel costs rise

The US central bank's favored measure of inflation edged higher last month on the back of rising fuel prices, according to government data published Friday, but another gauge stripping out volatile food and energy prices continued to ease.

Green truckin': US finalizes new heavy-vehicle pollution standards

Following last week's crackdown on car emissions, President Joe Biden's administration on Friday unveiled finalized pollution standards for trucks, placing vehicle tailpipes at the forefront of his climate crisis agenda.

US Fed's favored inflation gauge ticks higher as fuel costs rise

The US central bank's favored measure of inflation edged higher last month on the back of rising fuel prices, according to government data published Friday, but a metric stripping out volatile food and energy prices continued to ease.

Impact of Baltimore port closure on global supply chains

The bridge collapse that closed the Port of Baltimore has raised concerns about the disaster's potential impact on the global supply chain.

Ukraine warns power supply under threat amid deadly Russian attacks

Ukraine warned Friday that Russian air attacks were putting its electricity supply under "increasing threat", hours after strikes damaged power stations and killed at least one person.

Turkish Airlines returns to Libya after near decade-long break

Turkey's flagship carrier, Turkish Airlines, has resumed flights to Libya's capital, almost 10 years after they were suspended over security concerns in the conflict-torn country.

Armenian banks to ditch Russian cards over US sanctions

Armenian banks on Friday said they would stop processing transactions made by Russian Mir payment cards due to Western sanctions imposed on Moscow for its invasion of Ukraine.

Chinese tech giant Huawei says profits more than doubled in 2023

Chinese tech giant Huawei on Friday said its profits more than doubled in 2023, as it ramps up efforts to bounce back a year that saw the company apparently defy US sanctions with the release of a high-end smartphone.

Calls for 'smartphone free' childhood grow in UK

It is the question many adults dread being asked by their children: when can I have a smartphone? But as fears grow about the impact of the gadgets on young minds, some UK parents are fighting back.

Sound of the Underground: the busker aiming to play every London Tube stop

Strumming his acoustic steel string guitar on a busy street in east London, 27-year-old Australian singer-songwriter Dan Tredget is a man on a mission.

Vietnam Q1 growth hits five-year high on strong exports

Vietnam's economy grew by 5.66 percent on-year in the first quarter, according to official data published Friday, boosted by strong exports.

Cleanup begins in 'very long road' to recovery for Baltimore bridge, port

Cranes began arriving Thursday at the scene of the catastrophic bridge collapse over Baltimore harbor, as authorities shifted to a clean-up phase of the recovery and warned of extensive work before the major US port can reopen.

'Scolded' braless passenger wants meeting with US airline boss

A woman who says she was threatened with being kicked off a US Delta Air Lines flight because she was not wearing a bra demanded a meeting with the company's top boss on Thursday over what she says is a discriminatory policy.

The rumors are true: Queen Bey covers Dolly Parton on new country album

Beyonce's new country album features a long-rumored cover of Dolly Parton's beloved "Jolene," as well as a number of country legend features including Willie Nelson.

S&P 500 records best first quarter since 2019 going into Easter break

The S&P 500 and the Dow closed at fresh records in New York on Thursday, with the former closing out its best start to the year since the Covid-19 pandemic ahead of the Easter break.

I yam what I yam: US govt roasted over potato classification

When is a vegetable not a vegetable? When it's a potato, according to a new US government proposal to reclassify the starchy staple that has infuriated lawmakers in rural districts.

Baltimore bridge, port recovery will be 'very long road'

A ship carrying a giant crane was en route Thursday to the scene of the catastrophic bridge collapse over Baltimore harbor, as authorities warned of extensive work before the major US port can reopen.

Stock markets drift into Easter break

US and European stock markets drifted Thursday heading into the Easter break, with traders still focused on inflation and the outlook for interest rates.

Fallen crypto tycoon Bankman-Fried gets 25-year sentence

Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday following his conviction in one of the biggest financial fraud cases in history.

IMF urges tighter Swiss regulation after UBS takeover of Credit Suisse

The IMF urged Switzerland on Thursday to strengthen its financial sector regulation as supervising UBS has become "more challenging" since it grew into a global banking behemoth after its takeover of Credit Suisse.

Stock markets rise before Easter break

US and European stock markets mostly rose Thursday heading into the Easter break, with traders still focused on inflation and the outlook for interest rates.

China's Xiaomi enters car market with new electric vehicle

Chinese consumer tech giant Xiaomi launched its first electric vehicle in Beijing on Thursday, injecting itself into a fiercely competitive sector in the world's largest car market.

European stock markets head into Easter break with slight gains

Europe's main stock markets advanced Thursday heading into an Easter break, after which focus was expected to stay with the outlook for interest rates.

German court rules against Mercedes in emissions case

A German court ruled Thursday that auto giant Mercedes-Benz knowingly installed emissions-cheating devices in some diesel vehicles, opening the door for owners to seek compensation.

French bill seeks to ban hair discrimination affecting black women

France's parliament on Thursday began debating a bill targeting workplace discrimination based on hair texture which the draft law's backers say targets mostly black women wearing their hair naturally.

The highs and lows of recent China-Australia relations

China on Thursday announced the lifting of punitive tariffs on Australian wine, in a sign that the precarious bilateral relationship could be improving despite setbacks.

China ships Tibetan glacier water to climate-threatened Maldives

China has sent more than a million bottles of water from melting Tibetan glaciers to the Maldives, officials said Thursday, a gift from the world's highest mountains to a low-lying archipelago threatened by rising seas.

Video game giant Embracer sells 'Borderlands' maker to Take-Two

Swedish video game group Embracer said Thursday it was selling Gearbox Entertainment, the developer of the popular first-person shooter franchise "Borderlands", to US company Take-Two for $460 million.

Asian markets mixed after Fed official floats rate cut delay

Asian investors trod carefully Thursday after a Federal Reserve official floated the idea of delaying or reducing interest rate cuts, while the yen held gains having briefly hit a 34-year low the day before.

Macron and Lula's 'bromance' sets social media fans alight

Wedding photos or a diplomatic visit? The apparent "bromance" between French President Emmanuel Macron and his Brazilian counterpart Luiz Inacio Lula da Silva has set social media fans alight.

China's Xiaomi to enter cut-throat EV market for the first time

Chinese consumer tech giant Xiaomi will launch its first-ever EV at a press conference in Beijing Thursday, injecting itself into a fiercely competitive sector in the world's largest car market.

Beyonce goes cowboycore with new album heavy on Texas roots

Beyonce has been a showbiz fixture for nearly three decades, shapeshifting from girl group lead and pop empress to Hollywood actor and business mogul.

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Arizona Tribune - Economy (English)