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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.

France, Germany reach deal on arms maker KNDS, paving way for IPO

France and Germany announced Monday a deal for the joint governance of arms maker KNDS, paving the way for a blockbuster share offering as they seek to reinvigorate faltering European defence cooperation.

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After Netanyahu talks, Macron warns of Iran nuclear 'consequences'

French President Emmanuel Macron denounced on Thursday the "headlong rush" of Iran's nuclear programme after talks with Israeli Prime Minister Benjamin Netanyahu, who was in Paris to seek a stronger European stance against Tehran.

Google, Apple disappoint as tech earnings hit by gloom

Google and Apple on Thursday reported downbeat results for the last quarter of 2022 as Amazon beat expectations, but warned that the coming months would be uncertain in a difficult moment for Big Tech.

Starbucks profit rises despite hit from China

Starbucks reported higher quarterly profits Thursday, fueled by solid North American growth that compensated for continued weakness in China due to Covid-19 restrictions.

Ford shares fall as Q4 profits lag estimates

Ford reported an annual loss Thursday following disappointing fourth-quarter earnings that reflected what it called execution problems that marred performance.

In Morocco, Spain PM reinforces ties after crisis

Spanish Prime Minister Pedro Sanchez visited Rabat on Thursday to reset his country's "strategic partnership" with Morocco despite criticism from within his own left-wing government about caving in to Moroccan pressure.

Google, Apple brace for earnings as Meta shares skyrocket

Tech giants Google, Apple and Amazon will report their latest earnings on Thursday as shares in Meta skyrocketed after the Facebook owner posted better results than expected and signaled spending cuts.

Rate hikes and tech optimism send stocks higher

European and US stock markets mostly rose on Thursday after the European Central Bank and Bank of England raised interest rates, joining the US Federal Reserve in moving once again to cool sky-high inflation.

Big Tech earnings expected as Meta share price skyrockets

Tech giants Google, Apple and Amazon will report their latest results on Thursday as shares in Meta skyrocketed after the Facebook owner posted a smaller-than-expected slump in sales for 2022.

Swiss prosecutors open probe into 'Suisse Secrets' leaker

Swiss prosecutors said Thursday they had opened an investigation into a massive leak last year of Credit Suisse account records, which a media probe alleged proved the bank held billions in dirty money.

Nigeria eases currency swap to try and curb queues

Nigeria's central bank on Thursday ordered financial institutions to distribute newly designed bills over the counter in a bid to reduce massive queues at cash dispensers.

ECB hikes rates again, vows more in March

The European Central Bank raised interest rates again Thursday and signalled it would "stay the course" with an identical hike next month, even as the outlook in the eurozone brightens.

Stocks climb after rate decisions

European and US stock markets rose on Thursday after the European Central Bank and Bank of England raised interest rates, joining the US Federal Reserve in moving once again to cool sky-high inflation.

From vaccines to AI: New weapons in the fight against cancer

Could humanity finally be gaining the upper hand in our age-old fight against cancer?

Influencers bask in their version of the Oscars in Mexico City

And the winner is... a 16-year-old Colombian whose videos of his life in the countryside landed him an award at TikTok's answer to the Oscars for social media influencers.

Record Shell profit on soaring energy prices sparks outrage

British energy giant Shell on Thursday unveiled record annual net profit of $42.3 billion thanks to surging oil and gas prices, sparking outrage from green groups and unions as the UK endures a cost-of-living crisis.

ECB hikes rates again, says to 'stay course'

The European Central Bank raised interest rates again Thursday and signalled it would "stay the course" in its monetary policy tightening, even as sky-high inflation starts to slow.

Bank of England hikes interest rate tenth time in row

The Bank of England on Thursday hiked its interest rate for a tenth time in a row as global authorities race to combat sky-high inflation.

Burkina urges 'federation' with Mali for joint clout

Burkina Faso's prime minister, in a visit to neighbouring Mali this week, has suggested the two countries form a "federation" to boost their economic clout, his office said.

Shell logs record 2022 profit on soaring energy prices

Shell's net profit surged to a record $42.3 billion last year, the British energy giant said Thursday, as Russia's invasion of Ukraine sent oil and gas prices soaring.

Santander bank posts record profit as rates rise

Spanish banking giant Banco Santander reported on Thursday record profits for 2022, becoming the latest European lender to get a boost from higher interest rates.

Pope meets young people in landmark DR Congo visit

Young people packing a stadium in DR Congo's capital Kinshasa erupted in joy on Thursday as Pope Francis entered in his popemobile, on the third day of his trip to the country.

India's Adani empire loses more than $100 bn after fraud claims

Under-fire Indian tycoon Gautam Adani's empire has lost more than $100 billion in value over the past week as shares in several firms plunged again Thursday, a day after the group cancelled a multi-billion-dollar public offering.

ANA, JAL see profits soar on travel recovery

Japan's leading air carriers ANA Holdings and Japan Airlines posted net profits for the nine months to December, turning around losses as domestic and international travel resume, the companies said Thursday.

Sony hikes net profit forecasts as weak yen boosts gaming

Sony upgraded its annual net profit forecasts on Thursday, saying it expects strong results in its key gaming sector as the weak yen inflates profits on products sold abroad.

After 102 children, Ugandan villager says enough is enough

Musa Hasahya Kasera has so many children he can't remember most of their names.

Sony hikes net profit forecast as weak yen boosts gaming

Sony upgraded its annual net profit forecast on Thursday, saying it expects strong results in its key gaming sector as the weak yen inflates profits on products sold abroad.

Pope set to meet youth in landmark DR Congo visit

Pope Francis was set to address thousands of youngsters in Democratic Republic of Congo on Thursday after holding an open-air mass that drew an estimated million faithful, as he pursues a landmark trip to central Africa.

Despite improving outlook, ECB to hike rates again

The European Central Bank is set to hike interest rates again Thursday as it pursues its inflation fight, despite tentative signs the eurozone has weathered shocks from the Ukraine war better than feared.

Montreal snow-clearing: good for traffic, bad for environment

A choreographed ballet of massive trucks, snowplows and snowblowers takes over the streets of Montreal whenever it snows, an enormous logistical effort with a significant environmental cost.

Asian markets rally with Wall St on softer Fed tone

Most Asian markets rose Thursday and the dollar weakened further on hopes the Federal Reserve's campaign of interest rate hikes could be close to an end after it acknowledged progress in its long-running battle against inflation.

Australia to oust monarch from banknotes

Australia will erase the British-based monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honouring Indigenous culture, the central bank said Thursday.

US Fed unveils smaller rate hike but signals inflation fight not over

America's Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering an aggressive campaign to rein in costs as inflation cools while signaling the battle is not yet over.

Arizona Tribune - Economy (English)