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Featured

Confirmation still a rite of passage in Denmark but less Christian

At 15, like most Danish teenagers, Nora Pihl chose to get confirmed but for her, as for a growing number of young Danes, it wasn't a religious affair.

Modigliani nude sets European record at London auction

The first part of a London auction of a museum-worthy private art collection raked in $392.6 million Wednesday, powered by an Amedeo Modigliani nude portrait that set a new European record.

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'Full recovery': Emirates Group unveils record $3bn profit

Emirates Group announced a record $3 billion annual profit on Thursday, hailing a "full recovery" for the Dubai-based carrier after last year's losses due to the pandemic.

A primal forest encircled by Ecuador port faces ruination

A hilly forest that is a bastion of exceptional flora and fauna next to Ecuador's largest city, Guayaquil, is now threatened by mining, urbanization and deforestation.

SoftBank Group logs $7.2 billion full-year loss on tech woes

SoftBank Group reported an annual net loss of over $7.2 billion on Thursday after a bruising year for the tech startup sector in which it is heavily invested.

Asian markets slip as traders left unmoved by US inflation data

Asian markets mostly fell Thursday as investors shrugged at data showing US inflation fell further but only marginally, suggesting the Federal Reserve still had much to do in its battle against rising prices.

US debt 'brinkmanship' risks serious costs: Yellen

Political brinkmanship over raising the US debt ceiling risks "serious economic costs" even without the "catastrophe" of a default, Treasury Secretary Janet Yellen warned Thursday at G7 finance talks in Japan.

G7 finance ministers discuss crises from Ukraine to banking

Support for war-torn Ukraine will top the agenda as G7 finance talks start Thursday, but ministers and central bankers will also weigh concerns ranging from banking uncertainty to US debt default fears.

Australian minister heads to China seeking 'unimpeded' trade

Australia's trade minister flew to Beijing on Thursday on a mission to demolish all Chinese import barriers after years of punishing sanctions and unofficial bans.

Winds of change buffet Iran's wooden boat building tradition

Iranian captain Hassan Rostam has braved the Strait of Hormuz aboard his lenj for four decades, but now watches with despair as the wooden ships are being replaced by cheaper, faster boats.

Inflation-fighting Bank of England eyes 12th rate hike

The Bank of England is forecast Thursday to deliver its twelfth straight interest rate hike as it seeks to dampen high inflation but risks worsening a cost-of-living crisis.

Streaming giants battle for anime supremacy

From R-rated sci-fi to teen biker gang adventures, streaming platforms are locked in an intensifying battle for dominance in one of the entertainment sector's hottest and most lucrative mediums: anime.

French gastronomy facing huge logistical challenge for Olympics

France's vaunted gastronomy will be put to the ultimate test when organisers of the 2024 Paris Olympics have to feed 15,000 athletes.

Disney Plus sheds subscribers for second straight quarter

Subscribers to Disney Plus fell for the second straight quarter, the company said on Wednesday, though it stemmed financial losses as it competes with Netflix for viewers.

Brazilians say emotional goodbye to rock icon Rita Lee

Fans flocked to a Sao Paulo park Wednesday to say an emotional farewell to Brazil's "Queen of Rock," the trailblazing singer-songwriter Rita Lee, who died this week at age 75.

Germany says controversial Chinese stake in Hamburg port to go ahead

The German government said Wednesday that it would allow a Chinese firm to buy a stake in a Hamburg port, after the terminal was classed as critical infrastructure.

Stock markets mixed as US inflation eases slightly

Stock markets were muted Wednesday after much-anticipated data showed US consumer inflation had eased only slightly in April.

US consumer inflation eases but price pressures remain

Consumer inflation in the United States nudged down only slightly in April, the Labor Department said on Wednesday, despite strong efforts to cool the economy and rein in price increases.

Shell wins legal case over Nigeria oil spill

Britain's highest court ruled Wednesday it was too late for people in Nigeria's Niger delta region to lodge pollution claims against energy giant Shell after a huge oil spill more than one decade ago.

No justice, no burial: relatives mount corpse protest in India

The stench of death hangs heavy over the morgue at an Indian hospital -- and relatives are refusing to bury the rotting corpses in protest at their killings in ethnic violence.

Toyota full-year net profit beats forecast

Top-selling automaker Toyota said Wednesday that its full-year net profit beat expectations and projected better sales and revenue for the year ahead as supply chain disruptions ease.

Sweden's 'Truth Commission' delves into painful Sami past

After centuries of persecution, Sweden's indigenous Sami people are beginning to provide testimony about the injustices they experienced in a recently launched "Truth Commission" probing the country's discriminatory policies and their consequences.

Google to show off AI and Pixel gadget innovations

Google is expected to enrich its popular online services with more artificial intelligence on Wednesday as it scrambles to catch up with rival Microsoft despite fears that AI poses a threat to society.

Discovering HIV started 'race against time': Barre-Sinoussi

When Nobel laureate Francoise Barre-Sinoussi helped identify a mysterious virus that would become known as HIV 40 years ago, she says it kicked off a "race against time" to counter the looming AIDS crisis.

Asian markets drift lower as US inflation data looms

Stocks extended losses in Asia on Wednesday as traders awaited the release of US inflation data, with sentiment clouded by a range of issues including the debt ceiling standoff in Washington and banking sector uncertainty.

Musk says video and audio calls coming to Twitter

Twitter boss Elon Musk on Tuesday put out word that audio and video calls are coming to the platform.

No US debt limit deal yet after Biden meets Republican leaders

A high-stakes meeting between President Joe Biden and key Republican and Democratic lawmakers on Tuesday yielded no breakthrough on the impasse over the US debt limit, but the group decided to reconvene later this week.

Trudeau slams Facebook for threatening to block Canadian news

Prime Minister Justin Trudeau on Tuesday slammed Meta after executives said it would block news for Canadian Facebook and Instagram users in response to a proposed law that would require digital giants to pay for local journalism content.

Global stocks dip on eve of US inflation data

Stock markets dropped Tuesday as investors awaited key US inflation data and tracked President Joe Biden's battle with Republicans over the debt ceiling.

RFU council member banned from Twickenham over racist slur

A former Rugby Football Union council member has been banned from Twickenham after admitting making racist comments at a Six Nations match last year.

US woman who wrote book on grief charged with killing husband

A US woman who wrote a book on dealing with grief after the death of her husband has been charged with his murder.

Boeing confident it will fulfill huge Ryanair order

Boeing's CEO is "confident" the company will fulfil Ryanair's giant 737 MAX-10 order announced Tuesday despite lingering supply chain and regulatory questions, a view shared by the Irish carrier.

Texas mall shooter embraced Nazi ideology

The man accused of killing eight people at a Texas shopping mall recently obtained large Nazi tattoos, praised other mass shooters and wrote just ahead of his attack that he would "fight hate with more hate."

Europe must reduce China renewable dependence: agency

The European Union must reduce its dependence on China when it comes to vital equipment used in producing renewable energy, the head of the International Renewable Energy Agency said Tuesday.

Arizona Tribune - Economy (English)