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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.

German naval ambitions suffer setback as warship order axed

Germany on Wednesday pulled the plug on its largest naval order in decades after the anti-submarine warship project suffered delays, a setback for the country's ambitions to overhaul its military.

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Musk's moves felt from Wall Street to the Vatican

Elon Musk was at the news epicenter Thursday, from stripping Pope Francis of Twitter verification to Tesla's drag on stocks and the explosion of the world’s largest rocket.

Fast fashion under spotlight on Bangladesh factory disaster anniversary

On April 24, 2013, a clothing factory complex near Bangladesh's capital collapsed, killing at least 1,138 workers.

Brazil may surpass US as world's No. 1 corn exporter

On his farm in the state of Mato Grosso, Brazil's grain basket, Ilson Jose Redivo finished planting his corn crop a few weeks ago, acting quickly once he'd harvested the soybeans that he'd grown on the same fields.

Police investigating $20mn gold heist at Toronto airport

Canadian police said Thursday they are investigating a heist of more than Can$20 million (US$15 million) in gold and other "high-value" goods being moved through the Toronto airport.

Reports show meager profit outlook for midsized US banks

Banks were among the poorest-performing sectors on Wall Street Thursday, after earnings from midsized lenders pointed to a weakening profit outlook in the aftermath of a recent industry crisis.

US seeks 'constructive and fair' economic ties with China: Yellen

The United States seeks a "constructive and fair economic relationship" with China, even as Washington holds firm in defending the country's national security, Treasury Secretary Janet Yellen said Thursday.

Some ECB policymakers wanted rate hike pause: minutes

Some European Central Bank policymakers wanted to pause hiking interest rates at their last meeting in March due to financial market turmoil, minutes published Thursday revealed.

EU parliament denounces Uganda anti-gay bill

The European Parliament voted to condemn Uganda's anti-LGBTQ bill Thursday and urged the European Union to find a way to pressure President Yoweri Museveni into not implementing it.

French food delivery gig workers to get minimum wage

Major food delivery platforms on Thursday agreed a minimum hourly wage with representatives of French riders, the workers' FNAE union said.

Stock markets slip on auto woes, economy fears

Global equities slid on Thursday on auto sector woes and economic fears about the prospect of more interest rates aimed at cooling high inflation.

The British physicist making women scientists visible online

By day, Jessica Wade spends her time in a laboratory at Imperial College London surrounded by spectrometers, oscilloscopes -- and men.

US conservatives boycott Bud Light after transgender partnership

The popular US beer Bud Light has long carved out an all-American brand for itself -- finding success in its ubiquity by being available in seemingly any bar, yet establishing a niche along the way with patriotic cultural conservatives.

K-pop star Moonbin of boy band Astro dies at 25

K-pop star Moonbin, a member of the boy band Astro, has died, his music label and South Korean police said Thursday, prompting an outpouring of grief from fans.

67 million children missed out on vaccines because of Covid: UNICEF

Some 67 million children partially or fully missed routine vaccines globally between 2019 and 2021 because of lockdowns and health care disruptions caused by the Covid-19 pandemic, the United Nations said Wednesday.

Florida extends 'Don't Say Gay' law to all school years

Florida on Wednesday extended its controversial ban on lessons related to gender identity and sexual orientation to all school grades, a move pushed by the southern US state's Republican governor and likely presidential candidate Ron DeSantis.

Tesla profits fall on vehicle price cuts sending shares down

Tesla reported a drop in first-quarter earnings Wednesday as price cuts at Elon Musk's electric vehicle company boosted demand but hit profit margins.

No more red envelopes: Netflix ejects DVD service

After shipping out more than five billion DVDs in its trademark red envelopes, Netflix has finally called time on the movies-by-mail subscription service that launched the Hollywood streaming colossus.

UN chief to host May meeting on Afghanistan in Doha

The UN secretary-general is convening an international meeting on Afghanistan May 1-2 in Doha, where envoys will seek a "durable way forward" for the war-ravaged nation, his spokesman said Wednesday.

HSBC urges shareholders to vote against proposed split

Bank giant HSBC on Wednesday reached out to shareholders, urging them to vote down a proposal by its largest stakeholder, Chinese insurer Ping An, to split the business.

Interest rate concerns, inflation hobble stock markets

Stubbornly high UK inflation and worries about future central bank moves to tame rampant consumer prices helped drag down stocks across much of the world on Wednesday.

EU pledges more cash in Ukraine grain standoff, Bulgaria bans imports

Brussels on Wednesday offered an extra 100 million euros of support for EU farmers to ease a standoff over Ukrainian grain after Bulgaria became the latest country to approve a temporary ban on food products from the war-hit nation.

Iraq's Yazidis mark New Year still haunted by IS horrors

One by one, members of Iraq's minority Yazidi community light oil lamps to mark their New Year at a sacred shrine, but for Omar Sinan the celebration cannot erase the atrocities of jihadist rule.

Family planning in India: A woman's burden

Occasional screams sounded from the operating theatre in a rural Indian clinic as a heavily sedated woman named Kajal waited to have her tubes tied, long the country's preferred family planning method.

European Space Agency chief eyes tapping private industry partners

European Space Agency director Josef Aschbacher promised a "transformation" of the continent's space sector in the coming years during an interview with AFP, including more collaboration between government and private industry.

Spain's exiled former king makes second visit home

Spain's disgraced former king Juan Carlos returned home on Wednesday for the second time since he moved to Abu Dhabi in 2020 amid fraud investigations.

World stock markets retreat, with eyes on central banks

Global stock markets retreated Wednesday as traders digested stubbornly high UK inflation and mulled central bank moves in the fight against rampant consumer prices.

German union calls for new rail strike Friday

German transport union EVG on Wednesday called for a rail strike as workers demand higher wages to cope with high rates of inflation, the latest industrial action in Europe's largest economy.

UK inflation holds above 10% on rampant food prices

UK inflation slowed last month but held above 10 percent on soaring food prices, official data showed Wednesday, further fuelling a cost-of-living crisis despite a series of aggressive interest-rate hikes.

Markets mixed as traders enter 'defensive mode' with eyes on Fed

Markets were mixed on Wednesday as traders tried to assess the Federal Reserve's next moves in the fight against inflation, with some appearing to adopt a "defensive" approach.

UK inflation eases but holds above 10%: data

UK inflation slowed slightly last month but held stubbornly above 10 percent, official data showed Wednesday, further fuelling a cost-of-living crisis despite an aggressive series of interest-rate hikes.

Soaring inflation dampens Eid holiday spirit in crisis-hit Pakistan

The holiday that marks the end of the Muslim fasting month of Ramadan used to be a guaranteed earner for Pakistan's small shops and businesses -- a big-spending week that could match the take from the rest of the year.

Asian markets down after lacklustre session on Wall Street

Asian markets opened mostly down on Wednesday following a tepid lead from Wall Street, with traders trying to assess the Federal Reserve's next moves in the fight against inflation.

Arizona Tribune - Economy (English)