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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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Ryanair orders 300 Boeing 737 MAX jets worth $40 bn

Irish airline Ryanair Tuesday ordered 300 Boeing 737 MAX jets worth over $40 billion at list prices, representing the US aerospace giant's latest big contract in a fast-recovering aviation market.

Germany, China clash over Ukraine

China and Germany traded barbs on Tuesday over Ukraine, with Beijing warning the EU against sanctions targeting its companies while Berlin said "neutrality" in the conflict meant taking Russia's side.

Global stocks slump on eve of US inflation data

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

LinkedIn closes China service, cuts over 700 jobs

Social networking firm LinkedIn announced Tuesday that it will close down its last service available in China, citing "fierce competition and a challenging macroeconomic climate".

Nintendo banks on 'Zelda' to boost fortunes

Japanese video game giant Nintendo is banking on the latest instalment of its 40-year-old saga "Zelda" to breathe life into its business, after forecasting a drop in profits this year.

Carrefour opens first foreign supermarkets in Israel

French retailer Carrefour inaugurated on Tuesday 50 stores in Israel, becoming the first foreign supermarket chain with branches in the country whose residents struggle with a high cost of living.

Turks abroad wrap up voting in landmark election

Millions of Turks living abroad wrapped up voting on Tuesday, in a tense election that has turned into a referendum on President Recep Tayyip Erdogan's polarising two-decade rule.

Royal Mail CEO to depart after delivery failures: report

The boss of Royal Mail is set to leave his post after lawmakers criticised the former state-monopoly's performance, which has been hit by mass strikes, Sky News reported Tuesday.

Global stocks mostly drop on eve of US inflation

World stock markets mostly dropped Tuesday on the eve of key inflation data in the United States, while traders also tracked President Joe Biden's efforts to raise the US debt ceiling.

UBS keeps Credit Suisse CEO for leadership team in merger

Swiss banking giant UBS announced on Tuesday that Credit Suisse chief executive Ulrich Koerner would join its leadership team following the takeover of its fallen domestic rival.

Taiwan holds first training for women reservists

Strapped with gas masks, soldiers crouched on a playground Tuesday with rifles aimed at their target during Taiwan's first-ever reservist training for women as the island bolsters its defences against China.

Asian, European markets mostly down as US inflation moves into focus

Markets struggled Tuesday as investors eyed the release of US inflation data later in the week, while mixed Chinese trade data suggested that recovery in the world's number two economy was still taking time.

UBS says Credit Suisse CEO to join board in mega merger

Swiss banking giant UBS announced on Tuesday that Credit Suisse chief executive Ulrich Koerner will join its executive board following the takeover of its fallen domestic rival.

iPhone maker Foxconn buys huge site in India tech hub

Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Indian tech hub Bengaluru, the key Apple supplier said in a filing Tuesday as it looks to diversify production away from China.

Nintendo annual net profit beats forecast on strong game sales

Hit games Splatoon 3 and the new Pokemon titles helped Nintendo beat its annual net profit forecast on Tuesday, but the company predicted tougher times ahead as its Switch console ages.

Saudi Aramco banks lower $31.9bn after drop in oil prices

Oil giant Saudi Aramco announced first-quarter net profit of $31.9 billion on Tuesday, down 19.25 percent from a year earlier after a drop in crude prices.

Saudi Aramco banks $31.9bn in first quarter, down 19%

Oil giant Saudi Aramco announced first-quarter net profit of $31.9 billion on Tuesday, down 19.25 percent from a year earlier after a drop in crude prices.

Criminal or hero? Man who dethroned Austrian far-right speaks out

Four years after a far-right Austrian politician was revealed to have cut deals with a woman posing as the niece of a Russian oligarch, the private detective who dreamt up the sting operation is speaking out.

EU lawmakers eye ambitious AI regulation

The sudden popularity of ChatGPT and other AI tools is injecting urgency into Europe's drive to regulate the sector, which this week gets rolling seriously with an ambitious text to be voted on by EU lawmakers.

A mother's dilemma: When to flee Ukraine's front?

Karyna had just stepped inside to check on her 12-year-old son in the kitchen when Russian rockets exploded into her garden, leaving craters where her blossoming apple trees had stood.

Biden urges 'fair deal' for striking Hollywood writers

US President Joe Biden said Monday he wants to see striking movie and television writers in Hollywood promptly get a "fair deal" on contract negotiations.

Pakistan buys Russian oil but sees diversified future

Facing a deep economic crisis, Pakistan has started to buy Russian oil, but the country's petroleum minister says the future lies in diversified, especially green, energy.

Texas governor orders national guard to border ahead of rule change

The Republican governor of Texas on Monday ordered hundreds of National Guard soldiers to the US-Mexico border, in what he said was a bid to stem an expected surge of migration when Covid-era rules lapse this week.

Eyeing White House bid, DeSantis targets Chinese influence

Florida Governor and likely presidential candidate Ron DeSantis signed multiple bills Monday aimed at curbing Beijing's growing sway -- restricting real estate purchases in the southern US state by Chinese nationals and tightening access to video-sharing app TikTok.

US banks expect to tighten lending standards on sector worries

US banks tightened lending standards in the first few months this year, and expect this to continue over the rest of 2023, said a Federal Reserve survey released on Monday.

US, UAE announced climate farming fund has grown to $13 bn

Funding for a global initiative aimed at creating more environmentally friendly and climate-resilient farming has grown to $13 billion, co-leaders the United States and the United Arab Emirates said Monday.

Venezuelan migrants among 8 killed by SUV in Texas border town

Police in a Texas border city announced manslaughter charges Monday against a local resident who allegedly plowed his SUV into a crowd at a bus stop killing eight men, including several Venezuelan migrants.

Police complete recovery of 27 bodies from Peru mine tragedy

Police have completed the recovery of 27 bodies from a gold mine in southern Peru following a devastating fire, authorities said on Monday.

Stocks tread water awaiting US rate clues

European stocks ended little changed on Monday, reflecting a subdued opening on Wall Street, as investors eyed a new round of US inflation data this week that could determine the prospect for interest rates in the world's largest economy.

The TikTok star making serious points about poverty -- and ice cubes

Lying on his bed with a camera close to his face, Shabaz Ali raises his eyebrows, widens his eyes and drily ridicules the excessive lifestyles of internet influencers.

US needs $30bn to seal 14,000 unplugged offshore oil and gas wells: study

The cost to secure thousands of inactive oil and gas wells in the US Gulf of Mexico could top $30 billion, according to research published Monday weighing potential environmental damage against the estimated price tag.

New Indonesian fund promotes Indigenous role in climate change fight

Indonesian civil groups launched on Monday a multimillion-dollar fund aimed at empowering Indigenous and local communities across the Southeast Asian country in the fight against climate change.

Arizona Tribune - Economy (English)