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Featured

Hong Kongers bid farewell to 'king of umbrellas'

Scores of residents flocked to a cramped shop in Hong Kong's old district to bid farewell to the city's "king of umbrellas", who is retiring after spending decades repairing umbrellas at his family business.

US stocks edge lower from records as precious metals surge

Wall Street stocks edged down from records on Friday amid holiday-thinned trading while precious metals extended their year-long surge to record highs.

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Argentina parliament approves IMF deal for $45 billion debt

Argentina's Senate on Thursday gave final approval to an agreement with the International Monetary Fund that restructures a $45 billion debt, clearing the country's short-term financial horizon but leaving a serious inflationary challenge.

Asian traders take breather, Hong Kong slips after huge surge

Asian equities were mixed Friday as investors took a breather from a strong rally, with Hong Kong giving up some of the colossal gains fuelled by China's support pledge, while unease over the Ukraine war helped oil extend a recovery.

Unwed and unwanted, Chinese single mothers fight for rights

Li Meng is a devoted mother trying to support her two-year-old daughter, but in the eyes of Chinese society and the state, she is almost a second-class citizen.

Japan's prices are finally rising, but will it last?

From rice balls to nappies, prices are rising in Japan. But unlike inflation seen in many other places, the increases are long-sought but also unlikely to last, analysts say.

In Yemen's civil war, decaying hospitals on life support

Five-year-old Amina Nasser hugs her toys in a decrepit cancer ward in Yemen, her life in the hands of a healthcare system pushed to the brink of collapse by grinding conflict.

Nina Simone comes to a New York stage, as song rights controversy brews

In New York, an off-Broadway show is bringing queen of the blues Nina Simone back to life -- but backstage, a battle has been brewing over rights to the anti-racist icon's songs.

Protests as transgender swimmer Thomas powers to US college crown

Transgender swimmer Lia Thomas shrugged off protesters as she powered to a historic victory in the 500-yard freestyle at the US collegiate championships in Atlanta on Thursday in the latest milestone of her controversial career.

Transgender swimmer Thomas powers to US college crown

Transgender swimmer Lia Thomas powered to a historic victory in the 500-yard freestyle at the US collegiate championships in Atlanta on Thursday in the latest milestone win of her controversial career.

Risk of imminent Russian debt default appears to ebb

The possibility of an imminent Russian debt default appeared to diminish Thursday following statements from Moscow and news of a payment to JPMorgan Chase, however a ratings agency warned of a continued risk of nonpayment.

Ukraine war profits fuel unease in Norway

One man's loss may, at times, be another's unfortunate gain, and the Ukraine conflict is proving a boon to some energy producing nations as oil prices soar.

P&O Ferries axes UK jobs to stay afloat, sparking angry protests

P&O Ferries, which sails daily between Britain and France, on Thursday axed 800 UK crew with immediate effect and suspended services in a bid to stay afloat, sparking protests from angry staff and trade union fury.

Oil surges back up on Russia tensions

Oil prices soared Thursday on tensions surrounding key producer Russia, as equities diverged with traders tracking interest rate decisions, the Ukraine conflict and China's pledge to support volatile markets.

BoE hikes rate again as Ukraine war fuels inflation

The Bank of England on Thursday hiked its main interest rate to its pre-pandemic level to combat runaway inflation that risks soaring far higher as the Ukraine conflict fuels energy costs.

Indonesia begins electric car production with Hyundai plant

South Korea's Hyundai has launched the first electric car assembly plant in Indonesia, as the Southeast Asian archipelago looks to exploit an abundance of resources used in EV production.

BoE agrees third straight rate hike as inflation soars

The Bank of England on Thursday hiked its main interest rate to its pre-pandemic level, the third increase in a row, to combat decades-high inflation.

Moscow says it made debt interest payment, avoiding default

Russia announced Thursday that it paid interest on foreign debt due this week, avoiding a devastating default for now after it was hit by unprecedented Western sanctions over Ukraine.

Deliveroo reports rising annual losses as costs jump

International takeaway food app Deliveroo on Thursday announced rising annual losses after costs rose by more than one third, offsetting a surge in home deliveries.

UN to vote on its scope in Afghanistan, barring a Russia veto

The Security Council votes Thursday on a resolution to secure the United Nations' presence in war-torn Afghanistan into the future -- unless Russia, which has stymied negotiations this week, vetoes the measure.

'Here there is nothing': Yemen's Aden scarred by grinding war

Bullet-riddled homes, buildings turned to rubble and countless pictures of "martyrs": seven years into Yemen's civil war, the interim capital Aden bears the scars of a conflict that shows no signs of abating.

Netflix tests charging a fee to share accounts

Netflix on Wednesday said it is testing charging a fee to subscribers who share their accounts with people who don't live in their homes.

Brazil hikes key interest rate ninth straight time

Brazil's central bank raised its key interest rate for the ninth straight time Wednesday, as Latin America's biggest economy continues to reel from surging inflation, now exacerbated by the Ukraine war.

Citigroup to cover travel costs after US state abortion laws

Citigroup plans to provide travel benefits to workers who live in states that have passed laws to restrict abortion rights, such as Texas.

US Fed raises interest rate in battle against high inflation

The Federal Reserve escalated its battle against the wave of prices increases battering the US economy on Wednesday by raising the benchmark interest even as it acknowledged the risk posed by the war in Ukraine.

Ukraine leader entreats US as Putin claims invasion on course

Ukraine's leader on Wednesday made an emotive appeal to US lawmakers for greater Western intervention against Russia, which insisted its invasion was going "successfully" despite the West rallying to Kyiv's aid with arms and sanctions.

Stocks rally on China action, Ukraine hopes

Global stocks rallied on Wednesday, buoyed by Ukraine peace hopes and China's pledge to help stabilise markets after recent routs.

Nickel trading resumes in London after IT error

Trading in nickel resumed Wednesday on the London Metal Exchange but was disrupted by an IT glitch, after a suspension linked to the Ukraine crisis.

Cash-strapped Sri Lanka seeks IMF bailout

Sri Lanka will seek an International Monetary Fund bailout, President Gotabaya Rajapaksa said on Wednesday, to battle record inflation and unprecedented food and fuel shortages as the country runs out of dollars to finance imports.

Walmart seeks to hire 50,000 more workers in US

Walmart said Wednesday it plans to hire 50,000 workers in the United States by the end of April as it seeks to expand its retail operations amid a tight labor market.

Russia faces default fears as debt payment due

Russia is due to pay interest on its foreign debt Wednesday as sanctions over the Ukraine conflict have raised concerns that Moscow could face its first default in decades.

Brazil awards Bolsonaro 'medal of indigenous merit'

The Justice Ministry awarded President Jair Bolsonaro Brazil's "medal of indigenous merit" Wednesday, drawing criticism for granting the honor to a leader that indigenous groups accuse of "genocide" and "ecocide."

Howard Schultz returns to Starbucks as interim leader, Johnson exits

Starbucks announced Wednesday that longtime chief Howard Schultz will return to helm the global coffee shop chain on an interim basis while the company searches for a new leader amid a growing unionization drive.

Starbucks says Howard Schultz back as interim leader as Johnson exits

Starbucks announced Wednesday that longtime chief Howard Schultz will return to lead the global coffee shop chain on an interim basis while the company searches for a new leader amid a growing unionization drive.

Arizona Tribune - Economy (English)