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Higher wages draw migrant workers to Kashmir despite attacks

Higher earnings continue to attract an estimated half a million migrant workers to Indian Kashmir each year, despite militant attacks and continuing security risks in the disputed Himalayan region.

BIS flags debt and profitability risks in AI-driven market rally

The Bank for International Settlements warned on September 14 that the AI-driven rise in global equities was becoming more vulnerable as investors questioned future profits and large US technology companies increased their borrowing.

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Turkey's knife-edge vote heads to likely runoff

Turkey's landmark election headed Sunday to a likely runoff following a stormy night in which President Recep Tayyip Erdogan's secular rivals contested the ballot count.

Biden admin warns of 'catastrophic' default as debt talks continue

President Joe Biden's administration again warned Sunday of "catastrophic" consequences for the US economy if the country defaults, as negotiations with Republicans over a debt deal are expected to resume in the week ahead.

'Guardians' enjoys galactic box office earnings for 2nd week in row

Marvel's "Guardians of the Galaxy Vol. 3" trounced the competition for the second straight weekend in North American theaters, earning $60.5 million for a global haul topping half a billion dollars, industry watcher Exhibitor Relations reported Sunday.

Erdogan takes early lead in crucial Turkish election

Turkish President Recep Tayyip Erdogan took an early lead on Sunday in a landmark election that could extend his two-decade grip on power or put the mostly Muslim nation on a more secular course.

Legal fund for man charged in New York subway death tops $1.6 mn

A crowdfunding effort supporting the man charged over the chokehold death of a homeless person in New York has raised more than $1.6 million on a platform known for facilitating funding of far-right figures.

Two Ligue 1 players refuse to play in protest at anti-homophobia campaign

Toulouse's Zakaria Aboukhlal and Nantes' Mostafa Mohamed were omitted from the teamsheet for the Ligue 1 clash between the two clubs on Sunday after refusing to participate in a campaign against homophobia.

Turkish polls close with Erdogan's fate hanging in balance

Turkish polling stations closed Sunday in a knife-edge election that could end President Recep Tayyip Erdogan's two-decade grip on power and put the mostly Muslim nation on a more secular course.

Panama Canal maintenance work aims to extend its life by a century

From their vantage point in cranes overlooking the Panama Canal, operators scrutinize the century-old walls of one of its locks as the high-pitched siren of a merchant ship resonates from nearby.

Former exec at TikTok parent firm sues, citing 'lawlessness'

A former US-based executive of ByteDance, the Chinese company that owns TikTok, has sued it for wrongful dismissal, saying he was fired for sounding the alarm over what he called its "culture of lawlessness."

New rules spur migrants to seek legal path to US

With tough new asylum rules in place, many migrants on the US-Mexico border were seeking legal routes Saturday to enter the United States, despite warnings of a chaotic surge in crossings.

Erdogan leads prayers on eve of fight for political life

Turkish President Recep Tayyip Erdogan will lead Saturday prayers at Istanbul's iconic Hagia Sophia mosque, ahead of a battle for his political life against a powerful secular rival.

G7 finance chiefs move to diversify supply chains

The G7 plans to launch a partnership scheme to diversify supply chains this year, ministers from the group said Saturday following finance talks in Japan ahead of a major summit next week.

US-Mexico border calm as new asylum rules take effect

The US-Mexico border appeared calm on Friday as tough asylum rules come into force, with senior officials in Washington expressing confidence that the new system would work.

Linda Yaccarino to bring vaunted ad skills to Twitter

Named Friday as Elon Musk's successor as Twitter CEO, Linda Yaccarino is a respected media and advertising executive considered a visionary by some.

Argentina annual inflation exceeds 108 percent in April

Inflation in Argentina reached 108.8 percent in the 12 months to April, a more than three decade high, the Indec national statistics institute said Friday.

Stocks mixed as traders weigh inflation, US debt ceiling uncertainty

Stock markets were mixed on Friday as traders weighed a range of issues, including US debt-ceiling hopes, expected central bank calculations and more signs of a slowing economy.

Ranchers fear for livestock as Canada wildfires rage

Rancher BJ Fuchs hasn't been able to let his guard down as wildfires advanced in Canada's Alberta province, so far sparing his farm in Shining Bank but scorching forests and grasslands all around it.

Thousands of migrants face tough new US border rules

The United States bolted tough new immigration policies into place Friday, setting up an uncertain future for desperate migrants reaching its southern border as a top official expressed confidence the system will hold.

Thousand of migrants face tough new US border rules

EU wants to 're-calibrate' position on China

EU foreign ministers agreed on Friday on the need to "recalibrate" Europe's position on China, reducing dependencies and coaxing Beijing to take a tougher stance on Russia's war in Ukraine, the bloc's foreign policy chief said.

Arman Soldin: from Bosnia to Ukraine with a smile

Arman Soldin was barely a year old when his mother carried him onto a humanitarian flight from war-torn Bosnia to France.

Battery makers turn northern French region into 'electric valley'

Global battery makers are turning a formerly depressed northern French region into a 21st-century manufacturing hub and a key European source of new energy technology.

Top exec leaves NBCUniversal amid Twitter CEO reports

A top advertising executive stepped down from NBCUniversal on Friday and is understood to be first in line to become the next CEO of Twitter, replacing owner Elon Musk.

Barcelona mayor eyes re-election as Spain campaign starts

After eight years running City Hall, Barcelona's left-wing mayor, Ada Colau, is eyeing a third mandate on May 28, when Spain votes in local and regional elections whose outcome is unclear.

French fan takes over final Fast and Furious films

French director Louis Leterrier was a regular fan of "The Fast and the Furious" when the multi-billion-dollar franchise started more than two decades ago. Now he is finishing it.

Stocks up as traders weigh inflation, China talks and debt

US and European stock markets rose Friday as traders weighed a range of issues including US debt-ceiling hopes, talks between Washington and Beijing and more signs of a slowing economy.

Positive trial results for RSV infant treatment: Sanofi

French pharmaceutical giant Sanofi announced trial results on Friday that showed its preventative treatment for respiratory syncytial virus (RSV) reduced the rate of babies being hospitalised by more than 80 percent.

EU looks to 're-calibrate' position on China

EU foreign ministers met Friday to seek a common approach and "recalibrate" Europe's position on China, lessening reliance and coaxing Beijing to take a tougher stance on Russia's invasion of Ukraine.

Europe charges up car battery drive with new plants

Europe's efforts to build up its battery-making capacity got a major boost Friday as Sweden's Northvolt and Taiwan's ProLogium announced projects to build factories in Germany and France.

Stocks mixed as traders weigh inflation, China talks and debt

Stocks and the dollar were mixed Friday as traders weighed a range of issues including US debt-ceiling hopes, talks between Washington and Beijing and more signs of a slowing economy.

Royal Mail CEO steps down after delivery failures

The boss of Royal Mail is to step down, its parent group confirmed Friday, after lawmakers criticised the former state-monopoly's performance, which has been hit by mass strikes.

Bangladesh audiences see first Indian movie in 50 years

Thousands flocked to cinemas in Dhaka on Friday as Shah Rukh Khan's blockbuster "Pathaan" hit the big screens, the first Bollywood movie to get a full release in Bangladesh in more than half a century.

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Arizona Tribune - Economy (English)