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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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'Unsettled' Moscow residents tighten belts as ruble tanks

In central Moscow, retired businessman Igor Inkin is preparing to turn down simple pleasures like dessert as the value of the ruble in his pocket continues to slide.

AI bots need consent to use our material, say news groups

Artificial intelligence firms must ask for permission before using copyrighted text and images to generate content, a consortium of news groups said on Wednesday.

Stock markets waver after weak China data

Global stock markets were mixed Wednesday with Wall Street opening flat after European bourses rebounded with a mixed showing by Asia.

Ethiopia troops push back Amhara fighters: residents

Ethiopian troops appeared to be pushing back militia fighters in two cities in the conflict-hit Amhara region, residents said Wednesday, after local authorities reported that "relative peace" was being restored.

Kenya political rivals launch fresh talks after protests

Kenya's government and the opposition launched fresh talks Wednesday aimed at resolving a bitter political feud following a spate of violent protests over the high cost of living and calls for electoral reforms.

Nine bodies found in France holiday lodging fire 'tragedy'

Nine corpses were found Wednesday following a fire at a centre in eastern France where a group of adults with learning disabilities were taking their holidays.

European stocks rebound, Asia mixed after weak China data

European stock markets rebounded on Wednesday as bank shares recovered and after a mixed showing by Asia.

Springboks' success belies S.Africa's rugby inequality

On a parched pitch in an impoverished South African township, a group of young men do push-ups on the hard ground before kicking off a game of rugby.

Asian markets swing as China slips into deflation

Asian markets fluctuated Wednesday after data showing China slipped into deflation compounded worries about the world number two economy's faltering post-Covid recovery.

Cathay Pacific rebounds to first-half profit as travel picks up

Hong Kong carrier Cathay Pacific on Wednesday swung to a healthy profit in the first half of the year thanks to a pick-up in travel, with the airline expecting passenger capacity to reach 70 percent of pre-pandemic levels by end of the year.

How China is responding to economic challenges

China on Wednesday reported it had entered deflation for the first time since 2021 -- the latest indicator pointing to a slowdown in the world's second-largest economy.

Cathay Pacific reports first half profit amid travel recovery

World's largest cruise ship to set sail as industry rebounds

With cruise bookings seeing a resurgence after the Covid pandemic caused luxury liners to mothball, a Finnish shipyard is putting the final touches on what will be the world's largest cruise ship.

Women wrestlers battle for equality with Swiss 'schwinger kings'

Traditional Swiss wrestling, known as "schwingen" in German, has been a male preserve for centuries -- the ultimate test of manhood for Alpine alpha males.

Asian markets struggle after more weak China data

Asian markets wavered Wednesday after data showing the first drop in Chinese consumer prices compounded worries about the world's number two economy.

China slips into deflation as post-Covid recovery falters

China slipped into deflation as consumer prices contracted last month for the first time in more than two years, official data showed Wednesday, as slowing domestic spending weighs on the country's post-Covid economic recovery.

Australia's Commonwealth Bank posts record profit as rates rise

Australia's biggest lender Commonwealth Bank reported a record annual profit Wednesday as it raked in money from customers forced to pay higher interest rates.

Everybody hurts: Los Angeles suffers as Hollywood strike hits 100 days

In his dry cleaning shop near the Warner Bros. and Disney studios, Tom Malian looks in despair at a carousel mostly empty of the shirts, jackets and pants it held before Hollywood went on strike.

ESPN signs deal to create branded US gambling sportsbook

Sports broadcaster ESPN announced Tuesday it has signed a licensing deal with Penn Entertainment to create a branded sportsbook for US audiences that will launch later this year.

Canada media seek probe of Meta's news block

Media on Tuesday asked Canada's competition watchdog to investigate Meta's blocking of news articles on Facebook and Instagram, accusing the tech giant of using its dominance to gobble up online advertising money.

Bids for Niger talks falter as coup summit looms

Efforts by West Africa's bloc ECOWAS and the United States to parlay with Niger's new rulers made no headway on Tuesday ahead of a regional summit to mull options that include military intervention.

Global stock markets slip as European banks hit

Markets fell Tuesday as concerns over the health of the US banking sector played out on Wall Street and an Italian windfall tax on lenders saw European bank shares plummet.

US trade gap narrows in June on imports pullback

The US trade deficit narrowed in June on a bigger pullback in imports than exports, according to government data released on Tuesday.

UPS lowers 2023 forecast after Teamsters union agreement

UPS lowered its full-year outlook on Tuesday, citing the volume effects and higher costs of its recent labor negotiation as the shipping company reported a drop in quarterly profits.

European stock markets drop as banks hit

European stock markets slid Tuesday, with shares in Italian banks hit hard by the announcement of a windfall tax on lenders.

The 'forgotten' camps where Syria war displaced languish

Thousands of people displaced by 12 years of war are stuck in squalid, unofficial camps in Syria's Kurdish-held northeast, languishing in extreme poverty and largely cut off from international assistance.

Italy bank shares fall on govt's surprise windfall tax

Shares in Italian banks plunged early Tuesday after the country's right-wing cabinet approved a surprise 40 percent windfall tax on "surplus profits" generated by the rise in interest rates.

Markets drop as traders fret over another Fed hike

Stock markets mostly fell Tuesday on renewed concerns that the Federal Reserve will hike rates again, while another weak batch of trade data compounded worries about the struggling Chinese economy.

Markets struggle as traders fret over another Fed hike

Stock markets stuttered Tuesday on renewed concerns that the Federal Reserve will hike rates again, while another weak batch of trade data compounded worries about the struggling Chinese economy.

China reports biggest drop in exports since 2020

China last month suffered its biggest drop in exports for more than two years, according to official figures Tuesday, as the world's second-largest economy struggles with sluggish global demand and a domestic slowdown.

Asian markets struggle as traders fret over another Fed hike

Asian markets stuttered Tuesday on renewed concerns that the Federal Reserve will hike rates again, while ongoing worries about the Chinese economy added to the negativity.

Scouts begin S. Korea jamboree evacuation over extreme weather challenges

Tens of thousands of scouts were being evacuated from their problem-plagued South Korean campsite on Tuesday ahead of a typhoon, as the scout chief said the challenges were unprecedented in a century of global jamborees.

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Arizona Tribune - Economy (English)