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Featured

Dozens arrested in major anti-LGBTQ raids in Turkey

Turkish police on Sunday swooped on gay bars and the homes of LGBTQ activists, arresting at least 60 people in raids authorities said were aimed at boosting traditional family values, officials and activists said.

Leftwing opposition seen leading Sweden election, far-right losing ground

Sweden's left-wing parties led in Sunday's general election, according to two exit polls published after voting ended, with the far-right seen losing ground.

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US retail sales bounce with online spending boost

US consumer spending rose more than anticipated in July, according to government data released Tuesday, showing resilience even as the economy cools on the back of a boost from online spending.

UK's long-term sick pile pressure on economy

The number of people not working in the UK due to chronic illnesses has soared since the pandemic, putting pressure on the British economy, analysts said on Tuesday.

French fire near Spanish border contained but dangerous: officials

A wildfire in France that triggered the evacuation of more than 3,000 people from holiday campsites near the Spanish border has been contained but remains dangerous, regional authorities said on Tuesday.

Europe stocks down on weak Chinese data

European stocks fell on Tuesday after disappointing data from China deepened concerns over the state of the world's second-largest economy.

Regional diplomacy in Niger crisis sheds light on cross-border ties.

Religious leaders and politicians in northern Nigeria have opened back-door channels in a frantic attempt to stave off military intervention in coup-stricken Niger.

UK unemployment climbs as wages grow at record rate

UK unemployment increased in the three months to the end of June while wages grew at record annual pace, official data showed Tuesday, as the economy struggles with high inflation.

Young Chinese scratch an economic itch with lottery cards

Chinese livestreamer Chen Ying has spent more than 100,000 yuan (around $14,000) on lottery scratch cards, which she systematically scrapes through on camera for her followers on social media platform Douyin.

Disney to shut Lucasfilm studio in Singapore

Lucasfilm's visual effects and animation studio in Singapore will close down in the coming months due to economic reasons, parent firm Disney said on Tuesday.

Russian central bank hikes key rate after ruble falters

Russia's central bank on Tuesday hiked its key interest rate from 8.5 to 12 percent, after the ruble crashed to a more than 16-month low against the dollar.

Asian markets mixed on US tech rally, weak China data

Asian markets were mixed Tuesday as a US tech rally buoyed sentiment while a batch of disappointing data from China stoked concerns over the state of the world's second-largest economy.

China stops releasing youth jobs data as economic figures disappoint

China on Tuesday said it would stop releasing data on its rising youth unemployment as a raft of disappointing figures stoked concerns over the state of the world's second largest economy.

Japanese economic growth smashes expectations

Quarterly growth data for Japan smashed expectations on Tuesday as car exports rebounded and tourists flooded back, but economists cautioned that it may not last.

Asian markets climb on US tech rally, China cuts rate

Asian markets rose Tuesday as a US tech rally bouyed sentiment although concerns over China weighed on Hong Kong as a surprise rate cut and a batch of weak figures gave little cheer on the economic outlook.

China suspends release of youth unemployment rates as economic data disappoints

China on Tuesday said it would suspend the release of youth unemployment rates, as its central bank cut a key interest rate to boost flagging growth.

China retail sales growth slows, falling below forecasts

China on Tuesday released weaker than expected economic data, with slowing retail sales growth pointing to shaky consumer confidence in the world's second-largest economy.

Economic jitters as outsider leads Argentina election race

Argentina devalued the peso as economic jitters gripped the country on Monday after an anti-establishment candidate advocating harsh austerity measures surged to the front of the presidential race.

Yellen calls for diversified clean energy supply chains

US Treasury Secretary Janet Yellen stressed Monday the need for diversified clean energy supply chains as America shifts away from fossil fuels, warning that production should not be concentrated in a few countries.

UBS to pay $1.4 bn to settle US fraud charges on subprime loans

UBS will pay $1.4 billion to settle US charges that it defrauded investors in the sale of mortgage-backed securities, resolving the last big case stemming from the 2008 financial crisis, the Justice Department announced Monday.

Biden calls for 'fair' contract as threat of US auto strike looms

President Joe Biden called on Monday for a "win-win" labor agreement between US car manufacturers and the United Auto Workers (UAW), weighing in as a potential strike looms next month.

Clarence Avant, 'Godfather of Black Music,' dies at 92

Clarence Avant, the entertainment executive who is counted among the music world's most impactful figures, died over the weekend, a statement from his family said Monday. He was 92 years old.

Hawaii star chefs mount massive operation to feed fire survivors

When the devastating wildfire ripped through Hawaii's Lahaina community last week, some of the archipelago's most renowned chefs sprang into action to help as best they could: in the kitchen.

Belgian pilots strike, cancelling 88 Ryanair flights

Belgian pilots staged their latest strike against Ryanair on Monday, forcing the Irish operator to cancel 88 flights through Charleroi, one of its busiest European hubs.

Foxconn boss sees potential to invest billions in India

Taiwanese tech giant and key Apple supplier Foxconn said Monday it sees the potential to invest "several billion dollars" in India, with the firm looking to diversify its manufacturing away from China.

Europe stocks edge higher as traders eye China property risks

European stocks mostly climbed on Monday, recovering from pre-weekend losses though traders were keeping a wary eye on the risks for China's property sector, which sent Asian markets into the red.

Chinese property giant Country Garden's shares sink on default fears

Shares in Chinese property giant Country Garden plunged on Monday after it missed bond payments and warned of billions of dollars in losses, deepening fears about the country's heavily indebted real estate sector.

Russian ruble plunges past 100 against dollar for first time since March 2022

The Russian ruble slid past 100 against the dollar Monday, its lowest level since March 23, 2022 -- weeks after Moscow unleashed full-scale hostilities in Ukraine.

Dutch open trailblazing skatepark for LGBTQ people, women

Skateboarders in colourful outfits zip around a skatepark unique in Amsterdam, one of the first in the world to provide a safe space for LGBTQ and women skaters.

Shares in Chinese property giant Country Garden down sharply

Shares in Chinese property giant Country Garden plunged on Monday after it missed bond payments and warned of multibillion-dollar losses, deepening concerns over the nation's heavily indebted real estate sector.

Asian markets fall on China property woes

Asian markets posted sharp losses in early Monday trade, after falls in US tech stocks and as concerns over China's property sector weigh on sentiment.

Argentines head to polls in wide open presidential primary

Argentines headed to the polls Sunday in a primary election to determine the candidates for October's presidential vote, amid an economic crisis that has fueled skepticism among some toward traditional politicians.

'Barbie' retains top spot at N.American box office for fourth week

Warner Bros.' hit "Barbie" dominated North American box offices for a fourth consecutive week, industry estimates showed Sunday, as director Greta Gerwig continues to bust industry records.

Father of Colombian children rescued in jungle charged with sexual abuse

The father of two of the four Indigenous children who survived for 40 days in the Amazon has been charged with sexually abusing his stepdaughter, Colombian prosecutors announced.

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Arizona Tribune - Economy (English)