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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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Higher gas prices boosted US retail sales in February

Rising costs for gasoline caused US retail sales to grow in February, according to government data released Wednesday, though the expansion was slightly below expectations.

WTO chief hails Covid vaccines IP compromise

The World Trade Organization chief hailed Wednesday a breakthrough between the EU, the United States, India and South Africa on waiving intellectual property rights on Covid-19 vaccines.

Head of Russia's Yandex resigns after being hit by EU sanctions

The head of Russia's tech giant Yandex, Tigran Khudaverdyan, has resigned after being placed on a list of European sanctions.

Nickel trading resumes only briefly in London

Trading in nickel resumed Wednesday on the London Metal Exchange after a lengthy pause linked to the Ukraine crisis but was quickly suspended again after a sharp fall.

British PM to meet Saudi, UAE leaders as war roils oil prices

British Prime Minister Boris Johnson was to lobby Saudi Arabia and the United Arab Emirates to pump more oil to calm turbulent markets as he meets the Gulf states' leadership on Wednesday.

US steps up aid to Ukraine as pressure builds to halt Russia

The United States is set to unveil a fresh round of security assistance to Ukraine Wednesday, a White House official said, as Western leaders faced mounting pressure to stop Russia's bombardment of civilians and peace talks made halting progress.

Ben Affleck and Ana De Armas's fatal attraction

If there's one guy who knows how to make an erotic thriller in Hollywood, it's Adrian Lyne.

Asian markets bounce as Hong Kong tech sees bargain-buying

Asian markets saw a much-needed bounce Wednesday as Hong Kong's tech giants led a rally in the city after their recent rout, while oil prices rose back above $100 but remain pressured by concerns over demand from China.

Pakistani truck artist gives new flair to kicks

Haider Ali dabs a brush with an iridescent glob of paint and gets to work on a pair of sparkling white trainers -- his latest canvas for a carnival of colour celebrating Pakistani culture.

Fed set to raise interest rates to rein in inflation

US central bankers on Wednesday are poised to take the first step to raise borrowing costs in a bid to cap rising inflation before it surges out of control.

Dominoes the game for everyone in Venezuela

Efren Rodriguez leaves the table annoyed as his fellow players, drunk and laughing, cry out "Zapato! Get out!"

European leaders in defiant Kyiv trip as Russia closes in

A trio of eastern European leaders met Ukraine's president in his besieged capital Tuesday, in a defiant act of solidarity as Russian forces pressed in and air strikes claimed yet more lives in the city under curfew.

European leaders in defiant Kyiv trip as Russia presses in

Barcelona agree sponsorship deal with Spotify

Barcelona announced on Tuesday that Spotify will become their main sponsor from next season, with the club's stadium to be rebranded as Spotify Camp Nou from July.

Biden Fed nominee Sarah Bloom Raskin withdraws: source

US President Joe Biden's nominee for the role of the top Federal Reserve banking cop Sarah Bloom Raskin said Tuesday she was withdrawing her name from consideration, a source familiar with the matter told AFP.

Nobel laureate Stiglitz calls on Europe to do without Russian gas

Nobel economics prize laureate Joseph Stiglitz said Tuesday that the speed and intensity of economic and financial sanctions against Russia would make them efficient but warned Europe must stop buying Russian oil and gas.

Oil prices plunge on China lockdowns, stocks diverge

Oil prices plunged on Tuesday as major crude consumer China placed nearly 30 million people under Covid lockdown and traders tracked the latest developments in Ukraine and Iran nuclear talks.

Russian forces press in on Kyiv as talks resume

Russian forces pressed in on Kyiv Tuesday with a series of strikes on residential buildings that killed four people in the Ukrainian capital, despite a fresh round of talks aimed at halting the war.

Verona hit with one-match stand closure after racist chants

Verona will have to play one match without the backing of their hardcore fans after widespread racist chants during the weekend's 2-1 loss to Napoli, Serie A said on Tuesday.

Fake heiress Anna Sorokin still in US amid deportation rumors

Fake heiress Anna "Delvey" Sorokin remains in custody in the United States, US immigration authorities said on Tuesday, despite reports she was about to be deported to Germany.

Intel investment fuels EU chips race with Asia

American chip-making giant Intel said on Tuesday it planned to invest tens of billions of euros in the European Union, as the continent seeks to reduce its reliance on semiconductors from Asia.

Food security worsens in Afghanistan as wages fall: World Bank

Food security in Afghanistan has deteriorated sharply since the Taliban took power in August, while wages have fallen "dramatically" for more than two-thirds of workers, a World Bank survey said Tuesday.

Oil prices plunge on China lockdowns, stocks waver

Oil prices plunged Tuesday as major crude consumer and global economic engine China placed nearly 30 million people under Covid lockdown.

Fed begins policy meeting as it prepares to raise interest rates

The Federal Reserve opened its two-day policy meeting on Tuesday as it prepares to raise borrowing rates for the first time since the pandemic began in an effort to tamp down rising inflation.

Oil prices plunge on China lockdowns, stock markets slide

Oil prices plunged more than eight percent Tuesday on lower demand expectations with nearly 30 million people under Covid lockdown in key consumer China.

UK slaps heavy tariffs on Russian imports, including vodka

Britain on Tuesday imposed an additional 35 percent tariff on a swathe of Russian imports, from vodka to steel, and banned exports of luxury goods over Moscow's invasion of Ukraine.

Deadly blasts rattle Kyiv, talks with Russia to resume

A series of powerful explosions rocked residential districts of Kyiv early Tuesday killing two people, just hours before talks between Ukraine and Russia were set to resume.

UK unemployment falls below pre-pandemic level

Britain's unemployment rate has fallen below its pre-pandemic level, data showed Tuesday, but wages are eroding at the fastest pace in eight years as inflation soars.

Hong Kong hammered again as Asia stocks fall, oil retreats

Asian markets fell Tuesday, with Hong Kong tech firms leading another collapse in the city's Hang Seng Index following the Covid-19 shutdown of tech hub Shenzhen and worries over Russia's military outreach to China.

Thai firm takes over Myanmar gas field after Total withdrawal

Thai energy company PTTEP has said it will take over the running of Myanmar's vital Yadana gas field following the withdrawal of global giants Chevron and TotalEnergies in January.

Once-starving lions roar back to life in Sudan sanctuary

Kandaka the lioness was once sick and emaciated in a rundown zoo in Sudan's capital, but thanks to wildlife enthusiasts she now thrives in a reserve watching her cubs grow.

Little oxygen and low pay: Venezuela's risky world of small-scale mining

Henry Alviarez says he began small-scale coal mining in Venezuela's western Tachira state out of "necessity" due to the country's ongoing economic crisis which has deepened during the coronavirus pandemic.

Arizona Tribune - Economy (English)