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Dow, S&P 500 end at records amid talk of Santa rally

Major US stock indices finished at fresh records Wednesday following a shortened pre-holiday session while gold and silver prices also struck fresh highs.

Investors watching for Santa rally in thin pre-Christmas trade

Stock markets steadied Wednesday in thin Christmas Eve trade while gold and silver prices struck fresh highs.

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Key Iraq irrigation reservoir close to drying out

Iraq's Lake Hamrin, a once-vast reservoir northeast of Baghdad that is the sole source of water for irrigation across Diyala province, has nearly dried out, a senior official said Friday.

China rate cut boosts Asian, European stocks

Asian and European stocks rebounded Friday on China's interest rate cut, but US equities continued to slump on fears that sky-high inflation will spark a global downturn.

Elon Musk in Brazil to launch plan to survey and connect Amazon

Billionaire Elon Musk arrived in Brazil Friday, announcing a project to bring internet access to schools in the Amazon and improve satellite monitoring of the rainforest.

Biden begins South Korea trip at Samsung factory, flagging supply chain woes

President Joe Biden arrived in South Korea Friday on his first Asia trip as US leader, aiming to cement economic and security ties with regional allies despite growing fears of a North Korean nuclear test.

Stocks climb after China rate cut

Global stocks rebounded Friday on China's interest rate cut, after having slumped the previous day on fears that sky-high inflation would spark a global downturn.

Stock markets rebound on China rate cut

Asian and European stocks rebounded Friday on China's interest rate cut, after sinking the previous day on fears that sky-high inflation would spark a global downturn.

UK finance minister makes rich list for first time

Finance minister Rishi Sunak became Friday the first high-profile British politician to make the Sunday Times Rich List, weeks after his family's tax arrangements attracted controversy and amid a cost-of-living crisis.

China condemns Canada's Huawei 5G ban over 'groundless' security risks

Beijing hit out at Canada for banning telecoms giants Huawei and ZTE from Canadian 5G networks on Friday, calling Ottawa's concerns for security risks "groundless" and warning of retribution.

Asian markets up after China cuts key interest rate

Asian markets saw a sustained bump Friday following China's decision to lower a key benchmark rate, injecting optimism among traders that it could boost the world's second-largest economy from its Covid-battered knees.

Dazzling but empty stadiums a symbol of China's fading football dream

Gleaming football stadiums built for the Asian Cup may turn into "white elephants" after China withdrew as hosts, experts say, with President Xi Jinping's World Cup dreams more remote than ever.

'Enough!' Abortion denial row sparks outcry in Croatia

The heart-rending case of a woman denied an abortion by four hospitals despite the foetus having an aggressive tumour has sparked an outcry over women's rights in largely Catholic Croatia.

China cuts key mortgage reference rate as Covid bites

China on Friday announced it would cut a key interest rate in a boost to home buyers and debt-mired developers as the country's economy is slowed by Covid-19 restrictions ripping across major cities.

Vintage Mercedes fetches record €135 mn at auction

A 1955 Mercedes-Benz, one of only two of its kind, was auctioned off earlier this month for a whopping 135 million euros ($143 million), making it the most expensive car ever sold, RM Sotheby's announced Thursday.

Asian markets up after Wall Street battering over recession fears

Asian markets opened higher Friday, as bargain-hunters capitalised on the battering Wall Street took the day before after decades-high inflation sparked recession fears.

Higher wall, Covid policy make US border more deadly

Horrific fractures, punctured lungs and a traumatic miscarriage: Jay Doucet has seen the severity of his patients' injuries worsen as more migrants fall from a growing border wall in their bid to evade a pandemic-imposed legal blockade.

New one year delay at UK Hinkley Point nuclear plant: EDF

An already-delayed giant nuclear plant in southwest England will open a year later than planned and cost up to £3 billion more than previously thought, French electricity giant EDF said Thursday.

Rwanda says UK asylum seekers to arrive 'in next few weeks'

The first batch of asylum seekers sent to Rwanda from the UK under a controversial new deal will likely arrive in the East African nation "in the next few weeks", officials in Kigali said Thursday.

Record-breaking cold in Brazil threatens homeless, crops

Coats and scarves have come out prematurely in Brazil, as the south of the tropical country experiences a record-breaking cold spell, a menace for both homeless people and crops.

Harley-Davidson shares fall as it suspends plants for 2 weeks

Harley-Davidson suspended most assembly operations and shipments for two weeks due to an unspecified supply chain problem, the motorcycle maker announced Thursday.

Biden leaves for Asia under Ukraine, N.Korea nuclear shadows

President Joe Biden left Thursday for South Korea and Japan to cement US leadership in Asia at a time when the White House's attention has been pulled back to Russia and Europe -- and amid fears of a North Korean nuclear test during his trip.

Recession fears, rising inflation spook global markets

European and Asian markets took a beating Thursday after Wall Street suffered one of its worst batterings in two years over recession fears after decades-high inflation.

Even streaming services fall short on diversity: Viola Davis

Streaming services have cracked open a door for communities long shut out of Hollywood, Oscar winner Viola Davis told the Cannes Film Festival on Thursday, but more imagination is still needed around black roles.

Rising prices, interest rates cool US home sales in April

Rising prices and higher mortgage rates slowed US existing home sales for the third consecutive month in April, according to an industry survey released Thursday.

Pakistan bans import of luxury items to boost economy

Pakistan’s new government on Thursday said it would ban the import of over 30 luxury items including cars and fruit jams in an austerity move to help boost the country's faltering economy.

McDonald's reaches deal to sell Russia business

McDonald's has reached a deal to sell its Russia business to Russian businessman Alexander Govor, a licensee of the chain, the restaurant company said Thursday.

Global stocks slump on recession fears

Global markets took a beating Thursday after Wall Street suffered one of its worst batterings in two years over recession fears after decades-high inflation.

Ukraine war puts Indian diamond polishers out of work

India's huge diamond-polishing industry has furloughed around 250,000 of its roughly two million workers because of sanctions on Russia hitting supplies, a trade union said Thursday.

Stock markets slump on recession fears

Stock markets slumped Thursday after Wall Street suffered one of its worst batterings in two years as traders recoiled at the prospect of recession.

Cyprus police arrest one after protesting farmers set hay ablaze

Cyprus police said Thursday they had arrested one man a day after farmers set hay bales ablaze outside the presidential palace to protest against high input prices and a milk glut.

Epicentre of war: Artillery battles engulf Ukraine's Severodonetsk

She ran clutching her soup ladle from the wood-fired stove set up by trapped residents metres from their doorstep and dived into the basement to escape the mortar blast.

Asian, European markets drop after Wall St battering

Markets in Europe and Asia posted losses Thursday, after Wall Street suffered one of its worst batterings in two years.

Asian markets drop after Wall St battering

Asian markets posted losses Thursday, after Wall Street suffered one of its worst batterings in two years in the previous session.

Arizona Tribune - Economy (English)