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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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Tea giants lose certification after Kenya sex abuse probe

An international body said it had suspended its certification for two major global tea companies after an investigation into a sexual abuse scandal in Kenya.

'Wide open' for business: Russia makes play for Gulf money

Grappling with sanctions and an exodus of foreign firms, Moscow is looking to investors from oil-rich Arab Gulf states as the West locks it out over the war in Ukraine.

'Hostile' US policies on China risk dividing world: Stiglitz

"Hostile" US policies on China risk splitting the world into two blocs, Nobel-winning economist Joseph Stiglitz told AFP on Friday, urging the West to offer investment not "lectures" to developing countries.

Markets mixed as traders weigh inflation, China talks and debt ceiling

Markets were mixed Friday as traders weighed a range of issues including US debt ceiling hopes, high-level talks between Washington and Beijing, banking sector uncertainty and more signs of a slowing economy.

UK economy ekes out growth in first quarter

Britain's economy grew 0.1 percent over the first quarter despite weakening in March, official data revealed Friday, as output continues to be hit by high inflation and strikes.

'I want it banned': reality TV targeted in Serbia after shootings

Serbian TV is a diet of women being beaten and threats issued at gunpoint. But this is not fiction. It is reality shows where, among others, infamous mobsters and war criminals are the stars.

Cash-strapped Lebanese soldiers moonlight as mechanics, waiters

A crushing economic crisis in Lebanon has impelled members of the security forces to take on side hustles to get by, raising concerns about security in the eastern Mediterranean country.

Women dance to their own beat in China's nightclubs

Tired of Shanghai club nights dominated by men, where a woman's appearance often matters as much as her musical skills, Eloise Fan has created an underground space where women DJs are free to shine.

Asian markets struggle as easing inflation fails to boost optimism

Asian markets fluctuated Friday as traders weighed a range of issues including US debt ceiling hopes, high-level talks between Washington and Beijing, banking sector uncertainty and more signs of a slowing economy.

Clock ticks towards midnight change to US migrant rules

The clock ticked towards the expiry Thursday of pandemic-era rules that have shuttered the US southern border to asylum seekers, with thousands queuing in Mexico in the hope of claiming refuge under an uncertain new regime.

'I could die too': Ukraine's war widows on the front line

Svitlana Povar knew her husband would not approve when she enlisted in Ukraine's military and deployed to the embattled Donetsk region, where fighting with Russian forces is fiercest.

The long wait is over: New 'Zelda' hits shelves

A six-year wait came to an end for "Zelda" fans across the world on Friday as Nintendo released the long-awaited next instalment of its 40-year-old gaming saga.

Debt ceiling talks postponed until next week: W.House

Crunch talks between US President Joe Biden and senior Republicans have been postponed until early next week to allow staff to continue working, the White House said in a statement Thursday.

Pigs notch animal cruelty win at US Supreme Court

The US Supreme Court on Thursday upheld a California animal cruelty law that bans the sale in America's most-populous state of pork from pigs raised in confined conditions.

Chocolate giants in pay fail for Ghana farmers: Oxfam

The world's biggest chocolate makers are failing on promises to improve pay for farmers in major cocoa producer Ghana despite strong profits, charity Oxfam said in a report on Thursday.

UK to roll out first driverless bus service

The UK will roll out its first driverless bus network in Scotland next week with drivers on standby behind the steering wheel, ready to take control should an emergency arise.

Stock markets down as traders weigh inflation, rate hikes

Major stock markets dropped Thursday as investors weighed fresh US inflation data, the financial health of a regional bank and another UK interest rate hike.

Czechs announce major pension, tax reform to rein in debt

The Czech government presented an extensive tax and pension reform on Thursday designed to curb soaring public debt due to the Covid pandemic and the war in Ukraine.

Biden administration announces plan to curb emissions from power plants

President Joe Biden's administration on Thursday announced plans to curb planet-warming emissions from the nation's power stations, as part of the United States' efforts to combat climate change.

Bank of England lifts interest rate to 15-year high

The Bank of England on Thursday lifted its key interest rate by a quarter-point to 4.5 percent, the highest level in almost 15 years, as it bids to cool sky-high inflation.

Finnish footbridge collapse injures 27, mostly children

Some 27 young people, mostly children, were injured in Finland on Thursday when a temporary footbridge near a construction site collapsed and they fell several metres onto a road, officials said.

Stock markets waver after Bank of England rate hike

Europe's main stock markets wavered on Thursday, with London sliding after the Bank of England announced it was hiking interest rates to a 15-year high.

iPhone maker Foxconn's profits slump 56 percent in first quarter

Profits for Taiwanese tech giant and key Apple supplier Foxconn fell 56 percent in the first quarter, it announced Thursday, a plunge blamed on weakened demand due to a global downturn.

European stocks climb as focus switches to Bank of England

Europe's main stock markets rose on Thursday, with the region's key event an expected interest rate hike from the Bank of England.

German union calls new two-day rail strike

Transport union EVG on Thursday called a new round of strikes on Germany's rail network as workers demand higher wages to cope with inflation, an industrial action slammed as "insane" by train operator Deutsche Bahn.

A delicate succession in the Arctic Council after Russia sidelined

The Arctic Council, a model for cooperation between former Cold War foes, on Thursday sees a delicate handover of chairmanship, with the sidelining of Russia, its largest member.

Nissan full-year results beat estimates, forecast bullish

Nissan said Thursday its full-year net profit slightly topped estimates and offered an upbeat forecast for the current fiscal year, despite warning of "challenging" conditions ahead.

G7 finance chiefs tackle crises from Ukraine to banking

Support for war-torn Ukraine topped the agenda at G7 finance talks on Thursday in Japan, where ministers and central bankers also weighed concerns ranging from banking uncertainty to US debt default fears.

'Full recovery': Emirates Group unveils record $3bn profit

Emirates Group announced a record $3 billion annual profit on Thursday, hailing a "full recovery" for the Dubai-based carrier after last year's losses due to the pandemic.

A primal forest encircled by Ecuador port faces ruination

A hilly forest that is a bastion of exceptional flora and fauna next to Ecuador's largest city, Guayaquil, is now threatened by mining, urbanization and deforestation.

SoftBank Group logs $7.2 billion full-year loss on tech woes

SoftBank Group reported an annual net loss of over $7.2 billion on Thursday after a bruising year for the tech startup sector in which it is heavily invested.

Asian markets slip as traders left unmoved by US inflation data

Asian markets mostly fell Thursday as investors shrugged at data showing US inflation fell further but only marginally, suggesting the Federal Reserve still had much to do in its battle against rising prices.

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Arizona Tribune - Economy (English)