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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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Toyota top-selling automaker for third year running

Japan's Toyota was the world's top-selling automaker in 2022, retaining its lead over German rival Volkswagen for the third year, company data showed Monday.

Asian markets mixed as traders await rate decisions

Asian stocks were mixed Monday as traders struggled to maintain momentum from last week's rally, though Shanghai advanced as mainland Chinese markets reopened after a week-long Lunar New Year break.

ECB to hike rates again, but outlook brightens

The European Central Bank is expected to push on with its inflation fight Thursday with a fresh rate hike, even as signs grow the eurozone might have passed the worst of an economic shock.

At California gun fair, few speak of recent massacres

With ammunition, rifles and bullet-proof vests on display, business is brisk at a Los Angeles area gun show -- so much so you'd never know a mass shooting unfolded nearby just days ago.

Tunisia opposition calls for unity after tepid election turnout

Tunisia's main opposition coalition urged a united front against President Kais Saied after just 11.3 percent of Tunisians voted Sunday in a second-round poll for a toothless parliament in the politically divided nation.

Top Republican to meet Biden on avoiding US debt default

Top Republican Kevin McCarthy said he would meet Wednesday with Joe Biden to discuss avoiding a US debt default, but warned the president must rethink his refusal to consider spending cuts in exchange for raising the borrowing limit.

Welsh rugby chief quits over sexism allegations at WRU

Welsh Rugby Union chief executive Steve Phillips resigned on Sunday after allegations were made of a "toxic culture" at the governing body.

French PM says pension age hike 'non-negotiable' as strikes loom

France's prime minister on Sunday ruled out backtracking on a plan to raise the retirement age as unions prepared for another day of mass protests against the contested reform.

Russian polar research vessel docks in Cape Town amid protests

A Russian polar research vessel docked in South Africa's Cape Town harbour at the weekend as climate protesters raised fears it could be used to help Moscow explore for minerals in protected Antarctica.

Sudanese tighten belts as economic crisis grinds on

As Sudan's economic crisis drags on, grocer Hassan Omar keeps busy cleaning packaged food items that have been gathering dust for months as his dwindling customer base make fewer purchases.

Tunisians to vote in second round of poll for defanged parliament

Tunisia holds the second round of elections for a toothless parliament on Sunday, with voters preoccupied by economic woes and turnout seen as crucial in the politically divided nation.

Cooling US inflation lifts hope for smaller Fed rate hike

Slowing inflation and a cooling property sector are fueling expectations that the US central bank can adopt a smaller interest rate hike this week, as policymakers assess current efforts to rein in prices.

Memphis disbands police unit after fatal beating video

The US city of Memphis on Saturday disbanded the special police unit whose officers fatally beat a young Black man, after graphic video of the assault sparked widespread shock and outrage.

Peru Congress rejects snap election, president asks to try again

Peru's embattled president Dina Boluarte on Saturday urged lawmakers to find a way of a deepening political crisis by agreeing to snap elections in December, just hours after Congress voted against the idea.

Montrealers shrug off the cold to dance and party at Igloofest

Snow may have been falling on Montreal's Old Port, with temperatures in the bone-chilling category, but that didn't stop the exuberant dancers during the city's first Igloofest after a Covid pause.

Fears of unrest dissipate in US after police beating video released

Graphic video of five US police officers brutally beating a young Black man who later died in hospital was met with widespread shock Saturday, even as concerns receded of a violent public backlash to the distressing footage.

Italy's Eni signs $8 bn gas deal as Meloni visits Libya

Italian energy giant Eni signed an $8 billion gas deal with Libya's state-run National Oil Corporation Saturday as Prime Minister Giorgia Meloni visited Tripoli.

Efforts since George Floyd death have failed to stem US police violence

The shocking death of Tyre Nichols after a police beating has reopened anguished debate across the United States about police violence, fueling a sense that the huge, nationwide demonstrations of 2020 have done little to solve the problem.

Rwanda arrests six for insulting trailblazing female football ref

Rwandan authorities on Saturday said they had arrested six people for allegedly hurling insults at a woman who made history as one of the first female referees chosen for the men's World Cup.

High-profile murder trial shines light on Argentine discrimination

The shocking story of a teenager beaten to death by eight young rugby players has opened old wounds and shed light on class, race and gender discrimination in Argentine society.

Peru Congress rejects president's plan for early elections

Peru's Congress rejected on Saturday a request by embattled President Dina Boluarte to bring forward elections to December 2023, as protests that have killed dozens rage on against her leadership.

'Constant danger': Life after leprosy, a long neglected disease

Dan Izzett has lived with leprosy's effects on his body for 70 years, and has lost much to what he calls an "ancient, fascinating, very unkind disease".

UK airline Flybe ceases trading, cancels all flights

British airline Flybe said Saturday it had ceased trading and all flights had been cancelled.

Germany's Scholz to meet Brazil's Lula on L. American tour

German Chancellor Olaf Scholz begins a Latin American tour on Saturday, during which he will become the first Western leader to meet Brazilian President Lula since the latter's inauguration.

In Brazil's Amazon, malnourished Yanomami children get needed care

In a hospital in Brazil's Amazon, half a dozen Yanomami children are dozing in blue hammocks. Some are suffering from pneumonia, others from malaria. Some even have snake bites. All of them are underfed.

Memphis releases deadly police beating video

The US city of Memphis on Friday released graphic video footage depicting the fatal police assault of a 29-year-old Black man, as cities nationwide braced for a night of protests against police brutality.

Memphis to release fatal police beating video

The US city of Memphis was poised Friday to release graphic video footage depicting the fatal police assault of a 29-year-old Black man, as cities nationwide braced for a night of protests against police brutality.

LeBron James jersey sells for whopping $3.7 mn

A game-worn jersey of basketball superstar LeBron James sold for $3.7 million at auction Friday, five times more than the previous record for one of his shirts.

Key US inflation gauge slows in December while spending falls

A key indicator of US inflation eased in December as spending dipped, according to government data released Friday, opening the door to smaller interest rate hikes as efforts to cool the economy ripple through sectors.

Top French university bans students from using ChatGPT

A top French university on Friday forbade students from using artificial intelligence chatbot ChatGPT to complete assignments, in the first such ban at a college in the country.

US on edge over video of fatal police beating

The southern US city of Memphis braced itself for unrest Friday as authorities prepared to release a video depicting the fatal assault of a Black man by five police officers who, the victim's mother said, "beat him to a pulp."

Key US inflation gauge slows in December on easing goods and energy costs

A key indicator of US inflation eased again in December, according to government data released Friday, opening the door to smaller interest rate hikes as efforts to cool the economy ripple through sectors.

Arizona Tribune - Economy (English)