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Featured

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.

US promises to protect Gulf states' interests in Iran talks

Secretary of State Marco Rubio promised the United States' Gulf allies that Washington would protect their interests as it seeks to hammer out a final settlement of the Middle East war in talks with Iran.

Last news

US Fed lifts interest rates by quarter-point

The US Federal Reserve raised its benchmark lending rate for a tenth consecutive time Wednesday in a move that could be the last in the current cycle if the economy cools.

Stocks steady, dollar dips before Fed rate decision

European and US stock markets steadied and the dollar dropped Wednesday ahead of the Federal Reserve's latest decision on US interest rates.

US pick Ajay Banga confirmed as new World Bank president

The World Bank confirmed Wednesday that Ajay Banga will be its next president, handing him the reins at a pivotal time as it looks to reshape its role to better address climate change.

New York becomes first US state to ban gas in new buildings

New York has become the first US state to pass a law banning gas stoves and other fossil fuels in most new buildings, in a victory for environmental activists.

Russian captain, 2 Georgians taken by pirates off Gabon

The Russian skipper of a US-owned bulk carrier was kidnapped along with two of his officers, both Georgian, when their vessel was attacked by pirates outside a Gabonese port, officials said Wednesday.

Stocks rise, dollar lower before Fed rate decision

European and US stock markets advanced and the dollar dropped Wednesday with all eyes on the Federal Reserve's latest decision on US interest rates.

Nine dead, seven injured in Belgrade school shooting

Eight students and a security guard were killed during a school shooting in Belgrade on Wednesday, officials said, with police accusing the detained 13-year-old suspect of plotting the attack for a month and making a kill list.

Iran seizes second Gulf oil tanker in days as US tensions rise

Sanctions-hit Iran seized on Wednesday a second oil tanker in less than a week as tensions rise in the commercially vital Gulf waters.

US private hiring up unexpectedly in April but pay gains slow: ADP

US private sector employment heated up unexpectedly in April, according to data released by payroll firm ADP on Wednesday, although pay gains slowed rapidly as well.

Hackers promise AI, install malware instead

Meta on Wednesday warned that hackers are using the promise of generative artificial intelligence like ChatGPT to trick people into installing malicious code on devices.

European stocks rise, dollar lower before Fed rate decision

European stock markets advanced and the dollar dropped Wednesday with all eyes on the Federal Reserve's latest decision on US interest rates.

Police swoop on 'Ndrangheta mafia across Europe

Police across Europe launched a vast, coordinated operation against Italy's notorious 'Ndrangheta mafia on Wednesday, arresting more than 130 people and seizing millions of euros in dozens of searches.

Stellantis says easing chip crunch boosts sales

Stellantis, the world's fourth-largest automaker, said Wednesday that an easing shortage of semiconductor supplies helped drive sales in the first quarter, as more vehicles could be delivered to buyers.

Nine dead in Belgrade elementary school shooting

Eight students and a security guard were killed during a school shooting in the Serbian capital of Belgrade on Wednesday, the interior ministry said, as police arrested a teenage student suspected of carrying out the attack.

Iran forces seize second oil tanker in six days: US Navy

Iranian forces seized a Panama-flagged oil tanker in the Strait of Hormuz early on Wednesday, the US Navy said, the second such incident in less than a week.

Ex-Audi CEO to plead guilty over 'dieselgate' scandal

Former Audi boss Rupert Stadler will plead guilty over the "dieselgate" vehicle emissions-cheating scandal, a German court said Wednesday, which would make him the first auto CEO to be convicted in the resulting lawsuits.

European stocks rise, bucking slides in Asia, US

European markets advanced in early trade on Wednesday, bucking slides in Asia and the United States driven by fears of banking sector turmoil and jitters over interest rates.

World's tallest 'hemp hotel' trails South Africa's green credentials

With 12 storeys, a breathtaking view of Cape Town's imposing Table Mountain and a minimal ecological footprint, the world's tallest building made with industrial hemp is soon to open its doors in South Africa.

US Fed likely to hike rates again as banking fears resurface

The US Federal Reserve is widely expected to raise its benchmark lending rate for a 10th -- and possibly final -- time on Wednesday, as it looks to bring down inflation while aiming to prevent fresh banking concerns from spreading.

Tech industry allowing 'deluge' of misinformation: RSF

Journalism is being battered by propaganda and increasingly sophisticated fakes, aided by AI software and a failure of oversight from tech companies, Reporters Without Borders (RSF) said Wednesday.

Dead rivers, flaming lakes: India's sewage failure

Mohammed Azhar holds his baby niece next to a storm drain full of plastic and stinking black sludge, testament to India's failure to treat nearly two-thirds of its urban sewage.

Asian stocks down after Wall Street losses

Asian stocks were down on Wednesday following losses on Wall Street fuelled by fears of banking sector turmoil and jitters over interest rates.

Press freedoms shrink, journalists targeted: UN and media

Press freedom is under attack in every corner of the globe, with journalists continually harassed, jailed and killed, UN officials and media outlets warned Tuesday.

Apple and Google aim to expose Bluetooth tracker abuse

Apple and Google on Tuesday proposed a tech standard to make sure people get tipped off when their movements are being tracked with Bluetooth devices like AirTags or Tile.

Ford reports solid profits but sees pricing strength ebbing

Ford reported solid quarterly profits Tuesday behind higher vehicle volumes and an improved operating performance, but said vehicle pricing was becoming less favorable compared with last year.

Second Russian train hit by explosive near Ukraine border

An explosive device derailed a Russian freight train in a region bordering Ukraine for a second straight day Tuesday ahead of an expected counteroffensive by Kyiv.

Fresh rout of US regional banks despite First Republic deal

Shares of US regional banks suffered deep losses on Wall Street Tuesday, dashing hopes that the resolution of First Republic's woes would end the crisis.

ChatGPT sends shares in online learning giants into tailspin

Shares in companies that specialize in publishing school textbooks and offering online classes took a big hit on Tuesday after signs emerged that AI-bots such as ChatGPT were eating into their business.

Stocks slide, dollar mixed before rate calls

European and US stock markets fell Tuesday ahead of key interest rate decisions on both sides of the Atlantic this week and worries about banks continued to haunt investors.

'Bring it on': Emirates airline boss welcomes Saudi competition

The UAE's Emirates airline does not feel threatened by ambitious expansion plans in neighbouring Saudi Arabia and welcomes increased competition, its president said on Tuesday.

Pakistan inflation hits record-high 36.42 percent

Pakistan's year-on-year inflation hit its highest-ever level of 36.42 percent in April, after the government introduced new taxes and raised fuel prices to try to meet International Monetary Fund (IMF) conditions for a crucial bailout.

Teapots, towels, tea bags: UK in coronation retail boost

Commemorative plates, towels and tea bags are vying for attention in shop windows near Buckingham Palace, ready for the first coronation of a British monarch in 70 years.

Arizona Tribune - Economy (English)