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Featured

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.

Stocks steady after tech rout, Brent falls below $75

Stock markets rebounded slightly Wednesday from the previous day's rout in technology shares, caused by concerns over massive AI spending even as borrowing costs are rising.

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Qatar spends big to beat post-World Cup blues

Months after hundreds of thousands of football fans packed into its hotels and stadiums, Qatar is seeking to remedy a bout of the post-World Cup blues by hosting more international events.

ECB set to hike again but analysts divided on how much

The European Central Bank is expected to deliver another interest rate increase Thursday, but analysts are divided on how big the hike will be against a backdrop of stubborn inflation and market turmoil.

Turkey nears referendum on Erdogan's two-decade rule

Turkish President Recep Tayyip Erdogan dives Sunday into the final two-week stretch before a momentous election that has turned into a referendum on his two decades of divisive but transformative rule.

China factory activity cools in April as recovery challenges loom

China's manufacturing activity contracted in April, official figures showed Sunday, due to slack global demand and a slow domestic recovery after lifting Covid-related curbs.

US Fed expected to hike again despite signs of slowing economy

The US Federal Reserve is widely expected to raise its benchmark lending rate for a tenth -- and possibly final -- time on Wednesday, as it continues its fight against high inflation.

Armed robbers hit Paris Bulgari jewellery boutique

Armed robbers raided the Bulgari luxury jewellery boutique in the swanky Place Vendome in central Paris in broad daylight Saturday, making off with an estimated several million euros' worth of items, police and prosecutors said.

Nikki Haley, others struggle to gain 2024 ground on Trump

Nine months before the first 2024 US presidential primary, Donald Trump's onetime UN envoy Nikki Haley is barnstorming early-voting New Hampshire, one of several Republicans scrambling to dent the huge poll lead of the nomination front-runner.

Huge fire at Crimea fuel depot after drone strike: authorities

A huge fire broke out on Saturday at a fuel depot in Sevastopol, the main port in Moscow-annexed Crimea, with authorities saying it was the result of a drone attack.

Apple and Amazon 'committed' to big screen, says theaters boss

Movie theater owners are confident that previously streaming-focused tech giants Apple and Amazon are now "committed" to putting their films on the big screen -- even if Netflix still declines to -- their trade body's new president told AFP.

First Republic bank in limbo as shares fall further

Shares of First Republic fell further into an abyss Friday amid mounting speculation over the US regional bank's way forward after it reported a big fall in deposits.

Qatar's Sheikh Jassim makes final bid to buy Man Utd: sources

Qatari banker Sheikh Jassim bin Hamad Al Thani has made a third and final offer to buy Manchester United, sources told AFP on Friday.

Global stocks mostly up as yen tumbles after Bank of Japan decision

Global stock markets mostly rose Friday following modestly positive economic data in Europe and the United States, while the yen tumbled after the Bank of Japan maintained its easing policies.

US Fed calls for tougher bank rules after SVB collapse

The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.

Stocks hold up as eurozone economy ekes out growth

Global stock markets were mixed Friday as data confirmed weak-but-positive eurozone growth and a US inflation gauge slowed.

Taliban say ban on women working for UN 'internal social matter'

The decision to ban Afghan women from working for the United Nations was an "internal social matter", the country's Taliban authorities said Friday, a day after the UN Security Council demanded they overturn the ruling.

ExxonMobil, Chevron report higher profits despite oil price dip

US oil giants ExxonMobil and Chevron reported another quarter of heady profits Friday as both companies continued to direct large cash payments to shareholders.

HMV returning to site of flagship London music store

British music retailer HMV said Friday it will return to the site of its once-flagship store on London's Oxford Street after a turnaround in fortunes for the emblematic company.

'Smart mines' show coal deeply embedded in China's future

One hundred metres underground inside a pit in northern China, miners extract lumps of coal with the flick of a finger on a smartphone, as the country tries to drag the traditionally dangerous and dirty work into the digital era.

European stocks retreat as eurozone economy ekes out growth

European stock markets retreated Friday as official data confirmed the eurozone is struggling to grow.

ExxonMobil reports that Q1 profits double to $11.4 bn

ExxonMobil reported Friday that first-quarter profits more than doubled to $11.4 billion, as the US oil giant returned over $8 billion to shareholders during the period.

BBC boss quits over Boris Johnson loan

The BBC's chairman on Friday announced his resignation after his involvement in a loan for then UK prime minister Boris Johnson raised questions about the broadcaster's vaunted impartiality.

Taliban leader says UN Security Council 'pressure' won't work

A senior Taliban leader warned the United Nations Security Council Friday to give up its "failed policy of pressure" after members adopted a resolution condemning Kabul's growing restrictions on women.

German economy stagnates, teeters on brink of recession

Germany teetered on the brink of recession Friday after official data showed the economy stagnated in the first quarter despite expectations for a slight rebound, as the energy crisis weighed on Europe's top economy.

Eurozone GDP grows 0.1% in first three months of 2023

The eurozone economy lumbered forward in the first quarter, official data showed Friday, expanding just 0.1 percent over the previous quarter as high inflation and interest rates weigh on activity.

BBC chairman resigns over loan to Boris Johnson

BBC chairman Richard Sharp on Friday announced his resignation after an inquiry found he had breached rules for failing to declare his involvement in arranging a loan for then prime minister Boris Johnson.

Asian stocks rise on renewed confidence, strong earnings

Asian stocks enjoyed solid gains on Friday after a big finish on Wall Street, with renewed investor confidence and strong earnings by major industry players driving shares up.

Top-end models drive Mercedes profit growth

Mercedes-Benz said Friday its net profits rose by 12 percent in the first quarter to 4.0 billion euros, buoyed by demand for its vans and priciest premium cars.

Argentina VP Kirchner vows not to seek presidency again

Argentina's Vice President and former leader Cristina Kirchner has vowed not to seek a return to the highest office as the country gears up for the October election.

Bank of Japan maintains monetary easing but plans review

The Bank of Japan announced a review of its longstanding monetary easing measures on Friday, but said it would maintain them for the time being in the first policy decision under new governor Kazuo Ueda.

Bank of Japan to review, but maintain, easing measures

Libya green group battles to save remaining forests

War-ravaged Libya is better known for its oil wealth than its forests, but environmentalists hope to save its remaining green spaces from logging, development and the impacts of climate change.

China rehabilitation scheme makes morticians of murderers

Once jailed for murder, Cao Yongsheng now makes a living caring for the dead, benefitting from a bold rehabilitation scheme that's giving some of China's most serious criminals a second life as funeral workers.

Arizona Tribune - Economy (English)