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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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US tech giant Dell to cut 5% of its global workforce

American computer firm Dell said Monday that it will lay off some five percent of its global workforce, or around 6,650 employees, the latest casualties of a job-slashing wave hitting the US tech sector.

Stock markets mostly slide on US rate-hike fears

Stock markets mostly slid and the dollar firmed Monday after a forecast-busting US jobs report fanned expectations of more Federal Reserve interest rate hikes to cool sky-high inflation.

Renault and Nissan hail 'rebalanced' alliance to bury tensions

French automaker Renault and Japanese partner Nissan said on Monday they were opening a "new chapter" in their tension-marred alliance as they signed a deal to reboot their 24-year relationship.

Hong Kong's trans activists score landmark ID card victory

Hong Kong's top court ruled on Monday that transgender people can change the sex marked on their identification cards without undergoing surgery, a landmark victory for LGBTQ equality.

UK faces biggest round of health service strikes

Nurses and ambulances staff stepped up their demands for better pay Monday to combat the UK's cost of living crisis with their biggest round of health service strikes.

'Upending the world': Swiss teachers take on ChatGPT

"It is dizzying," Eric Vanoncini acknowledged to the classroom full of anxious teachers as reams of text generated by the ChatGPT bot unfurled on the large screen behind him.

Markets take a hit as US jobs fan rate worries

Markets mostly fell Monday and the dollar held gains after a forecast-busting US jobs report fanned expectations of more Federal Reserve interest rate hikes.

Renault, Nissan boards approve 'rebalanced' alliance

The boards of French automaker Renault and Japanese partner Nissan have approved a major overhaul of their rocky 24-year alliance following months of negotiations, the companies said on Monday.

New pensions showdown for Macron as reform hits parliament

French President Emmanuel Macron's government faces a crunch week of defending its contested pension reform, with fireworks expected in parliament and mass strikes and demonstrations planned on the streets.

Adani shares dive again as Indian opposition stages demos

Investors dumped more Adani stock on Monday as India's opposition staged protests calling for a full enquiry into allegations of major accounting fraud at the country's biggest conglomerate.

Key winners for the 2023 Grammy Awards

Here is a list of winners in key categories for the 65th annual Grammy Awards, which were handed out on Sunday in Los Angeles.

Rushdie releases new novel, six months after knife attack

Six months after being stabbed, British author Salman Rushdie on Tuesday publishes his new novel "Victory City", an "epic tale" of a 14th-century woman who defies a patriarchal world to rule a city.

Most Asian markets drop as US jobs fan rate worries

Asian markets mostly fell Monday and the dollar extended gains after a forecast-busting US jobs report fanned expectations of more Federal Reserve interest rate hikes.

Macron gives ground to allies in unpopular pension reform bid

President Emmanuel Macron's government on Sunday offered a concession on contested French pension reforms, seeking to shore up support from prospective right-wing allies ahead of the parliamentary debate.

Pervez Musharraf: Pakistan's last military ruler

Pervez Musharraf, the last military ruler of Pakistan, who served as a key ally to the US during its "war on terror" died in exile in Dubai on Sunday at the age of 79.

UK mega-lab generates weather to test homes of future

The thermometer sinks below zero as a blizzard of fine snow descends on two houses freshly built inside a massive laboratory in northern England.

Cuba puts state-owned car owners on commuter aid duty

Cuba has warned drivers of state-owned cars to pick up people at bus stops or face prosecution, as Havana faces painful shortages of diesel fuel, authorities said this week.

Europe in crossfire of US-China economic rivalry

The economic confrontation between the United States and China has put Europe in the crossfire, with Washington's plan to boost green industries threatening to cause collateral damage to a key ally.

US climate subsidies unsettle Europe's green industry plans

An empty field near Heide in a corner of Germany known more for its cabbage farming is the chosen site for a huge battery factory and potential pillar of the country's future green economy.

US jobs surge, tech concerns whiplash stocks and send dollar higher

A surge in hiring in the United States renewed worries about aggressive interest rate hikes on Friday, bolstering the dollar and whiplashing Wall Street stocks.

Despair and distrust: Andean communities 'forgotten' by Lima

With a bent back and bare feet in the black soil, Ruben Gutierrez Escobar, 63, uses a hoe to plow his fields in Bella Vista, a hamlet near Cusco in southern Peru at an altitude of 3,500 meters.

Hoggard withdraws from hearings into Rafiq racism allegations

Ex-England international bowler Matthew Hoggard has withdrawn from the disciplinary process involving allegations made by his former Yorkshire teammate Azeem Rafiq.

Long-delayed ExoMars mission still dreams of 2028 launch

War, budget cuts, a pandemic and a crash: For all its trials, Europe's ExoMars mission might be more deserving of the name Perseverance than NASA's Martian rover.

US sees surprise hiring surge as unemployment edges down

US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in more than five decades, government data showed Friday, despite strong efforts to ease economic activity.

Stocks drop on tech concerns, before jobs data in US

European and Asian stock markets mostly dropped Friday, hit by concerns for the US tech sector after poorly-received earnings.

Pakistan 'to agree' to tough IMF conditions as crisis worsens

Pakistan's Prime Minister Shehbaz Sharif said Friday the government would have to agree to IMF bailout conditions that are "beyond imagination", as it battles a spiralling economic crisis.

India's Adani denies rise due to Modi as shares fall again

Beleaguered Indian tycoon Gautam Adani denied Friday that his rise to become Asia's richest man -- a title he has lost in a phenomenal stock rout -- was due to Prime Minister Narendra Modi, as shares in his conglomerate fell again.

Europe looks to geothermal energy as gas alternative

The heating plant in Munich's southern Sendling neighbourhood has been run for more than a century on gas, often imported from far away.

Pakistan 'will have to agree' to IMF conditions for bailout: PM

Pakistan's Prime Minister Shehbaz Sharif said Friday that the government would have to agree to IMF bailout conditions that are "beyond imagination".

Turkey's inflation slows for third month ahead of election

Turkey's inflation rate slowed for a third successive month in January, official data showed Friday, after a record that threw the economy into chaos and imperilled President Recep Tayyip Erdogan's chances in May 14 polls.

Peru Congress votes down new bid to advance elections

Peru's Congress on Thursday voted down another proposal to advance elections to this year, a day after a similar proposal aimed at quelling deadly nationwide unrest also failed.

Mexico invites foreign investment in clean energy transition

Mexico welcomes investment by all countries in its clean energy projects, its foreign minister said on Thursday, launching a diplomatic charm offensive amid international concerns over controversial power reforms.

Arizona Tribune - Economy (English)