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Featured

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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Brothers keep Swiss mountains in high spirits

Depopulation threatens the future of Switzerland's picturesque mountain villages, but three brothers are trying to keep theirs alive by capturing its essence in a bottle.

Forbidden love: Taiwan's gay couples seek foreign marriage equality

Taiwan's LGBTQ community celebrated the third year of gay marriage being legal this week, but for Vincent Chuang it was a bittersweet reminder that he still cannot wed because he fell in love with a foreigner.

Asian markets plunge after Wall St battering

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

US to fly in baby formula on military contracted planes

The US government will fly in baby formula on commercial planes contracted by the military in an airlift aimed at easing the major shortage plaguing the country, the White House said on Wednesday.

What a waste: US campaigner wears his trash for a month

We all know someone with a rubbish fashion sense, but Rob Greenfield is proud to be wearing garbage -- it's all part of a plan to show just how much trash we unthinkingly throw away every month.

'Transmitting violence': Livestream video's dark side

A gunman's livestream of a mass killing in New York state was taken down in a matter of minutes -- but even that was not fast enough to prevent those images from becoming effectively impossible to erase from the internet.

Basquiat owned by Japan's Maezawa sells for $85 mn

Jean-Michel Basquiat's "Untitled" 1982 sold for $85 million at auction in New York Wednesday, well above its pre-sale estimate and netting Japanese billionaire space tourist Yusaku Maezawa a tidy profit.

Fact Check: Pediatricians say homemade baby formula unsafe

Social media posts are urging parents who face baby formula shortages to make it themselves. But pediatricians told AFP they do not advise patients to use homemade formula, warning it may lack vitamins and nutrients key to helping infants grow and thrive.

Wall Street stocks tumble following weak results from retailers

Wall Street stocks suffered one of their worst batterings since 2020 on Wednesday, as downcast earnings reports from retailers exacerbated worries about consumer resilience and corporate profitability.

Biden sells renewed US leadership in first Asia trip, but N.Korea looms

Joe Biden leaves Thursday for his first trip as president to Asia convinced that the confrontation with Russia has reinvigorated US leadership, while wary that a rogue North Korean nuclear test could tear up the optimistic script.

Most automakers fall short on climate goals: report

Only two of the world's 12 top automakers plan to make enough electric vehicles by 2030 to stay in step with Paris Agreement climate goals, experts said Wednesday.

New York agency accuses Amazon of workforce discrimination

New York state accused Amazon Wednesday of discriminating against pregnant workers and staff with disabilities by refusing to make reasonable accommodations.

Tom Cruise: 'I make movies for the big screen'

Tom Cruise made it clear there was no chance "Top Gun: Maverick" would be released first on a streaming platform despite multiple pandemic delays, as he visited Cannes on Wednesday.

Senegal probing feared homophobic attack by mob

Senegalese police said Wednesday they were probing a possible anti-gay attack by a mob, an incident coinciding with a storm over a football star's apparent refusal to join a campaign against homophobia in Europe.

Russian pleads guilty as Ukraine holds first war crimes trial

A 21-year-old Russian soldier on Wednesday pleaded guilty to the cold-blooded murder of a Ukrainian civilian, as Kyiv began a judicial reckoning for alleged atrocities after nearly three months of war.

Why record wheat prices are a global worry

Consumed daily by billions of people around the world in bread and other flour-based products, wheat is a basic food staple, making current record prices for the cereal a global concern.

European and US stocks slide on inflation worries

US and European stock markets slid Wednesday as inflation data and corporate reports stoked investor fears about recession and earnings.

China calls for urgent boost to virus-hit economy

China's premier called for greater "urgency" in rolling out measures to support the virus-battered economy, state media reported Wednesday, days after data highlighted the stark impact of Covid-19 restrictions.

'Historic’ equal pay deal for US men and women soccer teams

The US men's and women's national soccer teams will receive equal pay under a "historic" agreement announced by the US Soccer Federation on Wednesday, following years of pressure from female national players.

European stock markets waver amid rocketing UK inflation

Europe's stock markets wavered Wednesday as investors digested news that UK inflation has spiked to a 40-year peak, stoking fear over the economic impact of sky-high global consumer prices.

Burning fields betray Russia's creeping Ukraine advance

Ukrainian biology professor Oleksiy Polyakov is reading a book on the stoop of his cellar, trying to ignore the Russian mortar shells smashing into the hill overhead.

Finland, Sweden apply to join NATO as first Ukraine war crimes trial begins

Finland and Sweden on Wednesday submitted a joint application to join NATO as Russia's invasion of Ukraine forces a dramatic reappraisal of security in Europe.

Climate-stricken world needs renewables Marshall Plan: UN chief

UN chief Antonio Guterres on Wednesday outlined what amounts to a global Marshall Plan for ushering in a world powered by renewable energy rather than coal, gas and oil.

UK inflation jumps to 40-year peak

Britain's annual inflation rate surged to a 40-year high last month on rocketing energy costs, official data showed Wednesday, sparking opposition calls for the government to announce an emergency budget to combat a cost-of-living crisis.

Sony brings zero-carbon goal forward 10 years to 2040

Japanese giant Sony brought forward its deadline for reaching carbon neutrality by a decade on Wednesday, saying it is now targeting net-zero emissions across its business by 2040.

Kyiv seeks evacuation of Azovstal fighters, first war crimes trial begins

Ukraine was seeking to evacuate the last soldiers holed up at the Azovstal steelworks in Mariupol on Wednesday, its president said, as the first war crimes trial of a Russian soldier since the invasion began was set to get under way in Kyiv.

Asian markets mixed after US retail data boosts Wall Street

Asian stocks were mixed Wednesday following a strong start in some markets, which took the lead from Wall Street where traders were cheered by brisk US retail sales data.

Pakistan and IMF to meet over release of funds as economy falters

The International Monetary Fund will begin talks with Pakistani officials on Wednesday over the release of crucial funds, a process slowed by concerns about the pace of economic reforms in the South Asian country.

Morocco 'breathing again' as tourists back after Covid shutdown

Moroccan snake-charmer Youssef watched as long-absent tourists again thronged Marrakesh's famous Jamaa El-Fna square, ending a long pause forced by the Covid pandemic.

How Tom Cruise survived the end of the star era

Tom Cruise jets into Cannes on Wednesday for the first time in 30 years to launch "Top Gun: Maverick", and much has changed in the film industry since his last visit -- except his continued box office power.

Japan 1st-quarter GDP shrank as Omicron wave hit

Japan's economy shrank slightly in the first quarter of 2022, official data showed Wednesday, hit by Covid-19 restrictions and higher prices.

Netflix trims staff to weather slowing growth

Netflix on Tuesday said it laid off about two percent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service.

Arizona Tribune - Economy (English)