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Featured

IMF director says Iran war fallout creating 'difficult moment' for Africa

The International Monetary Fund's Africa director on Monday warned that the economic fallout of the Iran war was creating a "difficult moment" for the region, and that it would take months for Gulf energy production to ramp back up.

Alan Greenspan: longtime Fed chief with a divided legacy

Alan Greenspan, the longtime US Federal Reserve chief who presided over an unprecedented period of American economic expansion but was later faulted for failing to rein in markets ahead of the 2008 global financial crisis, has died.

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S.Africa awaits glimmer of light in Ramaphosa's annual speech

South African President Cyril Ramaphosa delivers his annual address to the nation on Thursday, facing mounting pressure over the country's energy crisis.

France to turn wine into industrial alcohol to battle surplus

France plans to spend millions of euros to turn wine into industrial alcohol for pharmaceuticals and cosmetics to drain a massive surplus, the agriculture ministry has said.

Japan rolls out 'humble and lovable' delivery robots

"Excuse me, coming through," a four-wheeled robot chirps as it dodges pedestrians on a street outside Tokyo, part of an experiment businesses hope will tackle labour shortages and rural isolation.

Harry Potter video game gets bumper sales despite LGBTQ backlash

The "Harry Potter" universe welcomes its latest edition on Friday, the "Hogwarts Legacy" video game, which provides a big test of the resilience of a franchise hit by criticism from some LGBTQ activists over the views of author JK Rowling.

Microsoft sees 'new day' in war with Google over AI search engines

Microsoft's long-struggling Bing search engine will integrate the powerful capabilities of language-based artificial intelligence, CEO Satya Nadella said on Tuesday, declaring what he called a new era for online search.

Video conferencing star Zoom cuts staff by 15 percent

The company behind the Zoom video conferencing platform -- which became a household name during the pandemic -- announced Tuesday it is laying off about 15 percent of its staff.

Inflation starting to slow but long, 'bumpy' road ahead: Powell

US inflation is starting to cool but the road ahead will likely be long and bumpy, Federal Reserve Chair Jerome Powell warned Tuesday, adding that stronger-than-expected economic data could bring more rate hikes.

French unions battle to keep momentum in pension showdown

Opponents of France's controversial pension reform plan sought to keep up the momentum on a third day of protests and strikes, but the numbers taking to the streets were down on the previous week.

Stocks waver on US rate-hike jitters

Stock markets wobbled on Tuesday as investors braced for fresh signals from US Federal Reserve chairman Jerome Powell about the direction of interest rates.

French unions seek to keep momentum in pension showdown

Opponents of France's controversial pension reform plan sought to keep up the momentum on a third day of protests and strikes, with turnout down on the previous week.

Vaughan set to be only charged person to attend Rafiq cricket racism hearing

Former England captain Michael Vaughan is the only charged individual still set to appear before a disciplinary hearing next month in relation to racism allegations made by his ex-Yorkshire team-mate Azeem Rafiq.

Stocks slide on US rate-hike expectations

Stock markets mostly fell Tuesday as investors braced for President Joe Biden's State of the Union address and fresh signals from US Federal Reserve chairman Jerome Powell about the direction of interest rates.

Canada records lower consumer goods imports, energy exports in December

Canada posted a smaller trade deficit in December as both exports and imports fell, but capped off the year with a surplus, the national statistical agency said Tuesday.

BP posts record profit, dilutes green target

British energy giant BP on Tuesday announced record annual profit thanks to soaring oil and gas prices, as it watered down its target for cutting carbon emissions.

US trade deficit widens in 2022 to record on strong imports

The US trade gap widened to a record in 2022, though expanding less than expected in December, government data said Tuesday, capping off the year on robust imports and strong spending.

BNP Paribas posts record profit of 10.2 bn euros

French bank BNP Paribas posted Tuesday a record profit of 10.2 billion euros, the latest in a series of European banks to ride the swell in interest rates to higher earnings.

India's Adani Enterprises shares soar 25% after loan payment pledge

Shares in the flagship firm of troubled Indian conglomerate Adani rocketed as much as 25 percent Tuesday, clawing back some of its recent huge losses, after saying it would repay more than $1 billion in loans.

India's Adani Enterprises shares rocket 25%

Shares in the flagship firm of troubled Indian conglomerate Adani rocketed as much as 25 percent Tuesday, making up some of the huge slump suffered since last month.

SoftBank Group reports $5.9 bn third-quarter loss on tech slump

Japan's SoftBank Group on Tuesday reported a surprise $5.9 billion net loss in the third quarter, as a slump in the tech sector continued to hit the investment behemoth's bottom line.

SoftBank Group reports surprise third-quarter $5.9 bln loss

Japan's SoftBank Group reported a surprise 783 billion yen ($5.9 billion) net loss in the third quarter, as a slump in the tech sector hits the investment behemoth's bottom line.

Japan's Mitsubishi Heavy scraps troubled passenger jet project

Mitsubishi Heavy Industries said Tuesday it had abandoned its struggling project to develop a passenger plane, a decade after the jet was due for commercial rollout.

France braces for new pension strikes, mass protests

France braced for new strikes and mass demonstrations against a deeply unpopular pensions overhaul on Tuesday, a day after lawmakers started debating the contested bill.

Asian markets rebound from Fed sell-off but traders still uneasy

Asian markets squeezed out gains Tuesday, giving investors some relief from a recent sell-off fuelled by worries that US interest rates will go higher than feared following last week's blockbuster jobs report.

Women rodeo bull riders buck tradition in macho Nicaragua

When Eveling Perez was a teenager, she became fascinated by bull riding but her brother told her it was only for men in Nicaragua, where machismo was and still is the norm.

Global stocks fall amid worries over interest rate, US-China tensions

Stock markets slid and the dollar firmed Monday after the latest round of robust US economic data fanned expectations of more Federal Reserve interest rate hikes.

US charges 'neo-Nazi' leader in plot to attack power stations

US authorities announced the arrests Monday of the co-founder of the notorious Atomwaffen neo-Nazi group and a woman he met online in the latest extremist plot to attack public electricity facilities.

Five Argentine rugby players sentenced to life for shocking murder

A court in Argentina on Monday sentenced five amateur rugby players from the same team to life imprisonment for beating a teenager to death in a crime with alleged racist undertones.

Renault chairman says projects will rebalance Nissan alliance

The refounding of the Renault, Nissan and Mitsubishi alliance announced Monday will lead the rebalancing of their partnership via concrete projects, Renault's chairman Jean-Dominique Senard told AFP.

French parliament debates pension reform as new strike looms

A stormy debate kicked off in France's parliament on Monday over a highly contested pension reform championed by President Emmanuel Macron, a day ahead of new strikes and mass demonstrations against the plan.

Anglican head opens Church meeting with call for unity

Archbishop of Canterbury Justin Welby urged unity among Anglicans on Monday as he opened a General Synod meeting set to be dominated by controversy over allowing priests to marry same-sex couples.

Medics walk out in UK's biggest health service strikes

Nurses and ambulance staff on Monday staged Britain's biggest round yet of health service strikes, stepping up their demands for better pay to combat a cost-of-living crisis.

West's new oil sanctions aim to tighten screws on Russia

The West's latest wave of sanctions on Russian energy exports seeks to hit Moscow harder than its previous moves over the Ukraine war.

Arizona Tribune - Economy (English)