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Featured

Ozempic-maker Novo Nordisk slims down to 'Novo'

Danish pharmaceuticals giant Novo Nordisk, maker of weight-loss drugs Ozempic and Wegovy, announced Monday a name change to just Novo, hoping it will be more "memorable and relevant" for clients.

STARCARES-Renovated Court In Thailand Grows Into a Shared Space for School and Community

STARCARES announced the completion of its sports court renovation project at Ban Nam Lat School in Sukhothai, Thailand, providing students and nearby residents with an improved, multi-use space for physical education, sports, and community activities. The renovated court now serves the school during weekdays and opens to local residents after hours and on weekends.

Last news

In AI tussle, Twitter restricts number of posts users can read

Elon Musk announced Saturday that Twitter would temporarily restrict how many tweets users could read per day, in a move meant to tamp down on the use of the site's data by artificial intelligence companies.

British PM Sunak 'sad' over cricket racism and sexism report

British Prime Minister Rishi Sunak has said he was "sad" to read a damning report that claimed racism and sexism are rife within English cricket.

Hollywood actors extend contract talks just before deadline

The union representing 160,000 actors and performers on Friday agreed to extend contract negotiations with Hollywood studios, staving off a potentially crippling strike until at least July 12.

French tourism sector faces cancellations over unrest

Days of violent protests across France after the fatal police shooting of a teenager have started to impact the country's tourism sector, with hotels and restaurants facing cancellations while some have also suffered damage in the unrest.

July 4th weekend celebrations to test US travel system

America's stressed travel infrastructure faces a major test this weekend as it contends with record turnout expected for the annual July 4th festivities.

Stocks rise as Apple tops $3 tn mark, inflation eases

Stocks jumped on Friday as Apple climbed above $3 trillion in market value for the first time since early 2022 and data showed inflation cooling in the United States and Europe.

Kenya's president to get pay hike as economy suffers

Kenya's president, his deputy and other state officials are set to receive pay rises despite citizens facing deep economic hardship and higher taxes, according to a government document seen by AFP Friday.

Stock markets rise as inflation eases

Stock markets rose on Friday as data showed inflation easing in the United States and Europe.

US Fed's favored inflation gauge declined sharply in May

The US inflation measure most closely watched by the Federal Reserve declined sharply in May, official figures showed Friday, returning to a downward trend after a jump a month earlier.

IMF and Pakistan reach $3 billion deal

Pakistan could get temporary relief for its ballooning foreign debt with a new deal worth $3 billion, the IMF has announced in Washington.

European stocks rally on inflation drop

European stock markets closed out the first half of the year with solid gains Friday after eurozone inflation slowed slightly more than expected.

Falling energy prices push eurozone inflation down

Eurozone inflation eased further in June as energy costs slid but those of food and drinks remained elevated as underlying price pressures persist, official data showed Friday.

Staff strike scraps flights at Geneva airport

A strike paralysed flights at Geneva airport for several hours on Friday, causing huge lines at the start of the busy summer travel season.

Pokemon Go firm Niantic slashes staff

The maker of mobile game Pokemon Go has said it will slash 230 jobs, almost one-third of its staff, in another blow to the tech industry.

Strike grounds flights at Geneva airport

A strike paralysed Geneva airport on Friday, grounding flights for two days at Switzerland's second-busiest airport at the start of the busy summer travel season.

Markets rise but rate hike worries temper upbeat US data

Markets mostly rose Friday as more forecast-beating data reinforced the US economy's resilience despite surging interest rates but piled further pressure on the Fed to keep hiking to tame inflation.

Markets rise but upbeat US data tempered by rate hike worries

Markets mostly rose Friday as more forecast-beating data reinforced the US economy's resilience despite surging interest rates but piled further pressure on the Fed to keep hiking to tame inflation.

64 flights cancelled at Geneva airport over strike

Some 64 flights were cancelled at Geneva's international airport on Friday, it said, after operations were halted for four hours because of a strike by workers at the start of the busy summer travel season.

IMF and Pakistan reach $3 billion stand-by deal

Pakistan could get temporary relief for its ballooning foreign debt with a new stand-by arrangement worth $3 billion announced by the IMF in Washington on Thursday.

Markets swing as US data is tempered by rate hike worries

Asian markets fluctuated Friday as more forecast-beating data reinforced the US economy's resilience despite surging interest rates but piled further pressure on the Federal Reserve to keep hiking to tame inflation.

In San Francisco, African Americans' calls for reparations surge

Lynette Mackey stands in front of her family's former Victorian home in San Francisco's Fillmore district, a onetime vibrant neighborhood that drew touring jazz greats.

Workers approve latest contract at Boeing supplier Spirit

Striking workers at Spirit Aerosystems, a key Boeing supplier, will return to the factory after approving an enhanced four-year labor contract, the union said Thursday.

July 4th weekend celebration to test US travel system

Travel forecasters are predicting record travel for the July 4th weekend, but this year's celebration may also be something of a battle with the elements.

Task force recommends major reparations for Black Californians

California should pay substantial financial reparations to African-Americans to compensate for the legacy of US slavery and systemic racism, a committee report published Thursday said.

Greta Thunberg denounces 'ecocide' in Ukraine

Environmental activist Greta Thunberg on Thursday denounced the ecological havoc caused by Russia's invasion of Ukraine and the lack of international reaction to the disaster.

Stocks diverge as US economy shows resilience

Stocks diverged Thursday as investors weighed strong US economic data against renewed central bank warnings that interest rates would rise further to tame inflation.

Better supervision needed after bank failures: US Fed chair

US Federal Reserve Chair Jerome Powell said Thursday that stronger regulation and greater agility was required in supervising the banking sector following a string of high-profile failures earlier this year.

Stock markets diverge as dealers refocus on rates outlook

Equity markets were mixed Thursday as central bank warnings that interest rates would rise further to counter inflation offset hopes the US economy could avoid a recession.

Three French airports paralysed as air controllers strike

France's civil air authority said Thursday it had ordered airlines to cancel flights to and from three airports because of a strike by air traffic controllers.

Hurt felines: Japanese app aims to detect cat pain

Cats are considered lucky in Japan, and owners of the popular pets spend big on their care. But how do you know when they're feline down?

Sri Lanka unveils debt restructure to tackle economic crisis

Sri Lanka's central bank unveiled a far-reaching debt restructuring plan on Thursday aimed at restoring stability after an unprecedented economic crisis last year that led to the toppling of then-president Gotabaya Rajapaksa.

Markets mixed as traders weigh rate plans, yen softens

Equity markets were mixed Thursday as central bank warnings that interest rates would rise further to counter inflation played up against hopes the US economy could avoid a recession.

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Arizona Tribune - Economy (English)