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China retail sales growth weakens further in August

China's retail sales grew last month at their slowest pace since May, official data showed on Tuesday, as the country's leaders struggle to reverse a persistent slump in spending.

Most markets drop as oil extends gains ahead of expected US rate hike

Most Asian stock markets struggled again Tuesday as oil prices extended gains and investors bet on a Federal Reserve interest rate hike this week, though tech firms saw a slight recovery from a sell-off fuelled by fears over the AI boom.

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ChatGPT sends shares in online learning giants into tailspin

Shares in companies that specialize in publishing school textbooks and offering online classes took a big hit on Tuesday after signs emerged that AI-bots such as ChatGPT were eating into their business.

Stocks slide, dollar mixed before rate calls

European and US stock markets fell Tuesday ahead of key interest rate decisions on both sides of the Atlantic this week and worries about banks continued to haunt investors.

'Bring it on': Emirates airline boss welcomes Saudi competition

The UAE's Emirates airline does not feel threatened by ambitious expansion plans in neighbouring Saudi Arabia and welcomes increased competition, its president said on Tuesday.

Pakistan inflation hits record-high 36.42 percent

Pakistan's year-on-year inflation hit its highest-ever level of 36.42 percent in April, after the government introduced new taxes and raised fuel prices to try to meet International Monetary Fund (IMF) conditions for a crucial bailout.

Teapots, towels, tea bags: UK in coronation retail boost

Commemorative plates, towels and tea bags are vying for attention in shop windows near Buckingham Palace, ready for the first coronation of a British monarch in 70 years.

Fed begins rate talks that could herald end of hikes

The US Federal Reserve kicked off a two-day meeting Tuesday morning to decide whether to raise its benchmark lending rate for a 10th -- and possibly final -- time to tackle rising prices.

Stock markets dip, dollar rises before rate calls

European and US stock markets slid while the dollar mostly firmed Tuesday as focus turned to interest-rate decisions due this week in the United States and eurozone.

Uber shares jump as it reports higher sales

Uber shares rocketed higher early Tuesday after the ride-hailing and delivery company reported a jump in revenues amid rising demand.

Pfizer profits drop as it adapts to lower Covid-19 revenues

Pfizer reported a drop in first-quarter profits Tuesday on declining Covid-19 vaccine revenues, but said it was on track for a heavy series of product launches later in 2023.

HSBC profit rockets on rising interest rates

Global banking giant HSBC reported Tuesday a surge in quarterly net profit, boosted by rising interest rates and its rescue of the UK arm of failed US lender Silicon Valley Bank.

Stock markets steadier, dollar up before rate calls

Stock markets were largely steady and the dollar firmed Tuesday as focus turned to interest-rate decisions due this week in the United States and eurozone.

Building 'Mad Max' vehicles for Ukraine's fighters

With angular welded frames, huge wheels and teeth painted on the front grille, the one-off buggies being built to order for Ukrainian forces on the battlefield resemble props from the "Mad Max" films.

Hong Kong reports Q1 GDP growth after 2022 contraction

Hong Kong's economy grew in the first quarter of 2023, the city's leader said Tuesday, ending a disastrous year-long spell in which the finance hub was effectively closed for business due to pandemic restrictions.

Eurozone inflation sees surprise rise after 5-month fall

Annual inflation in the eurozone rose to seven percent in April, the EU's statistics agency said Tuesday, the first increase after five consecutive months of declines.

BP back in Q1 profit after record loss on Russia exit

British energy giant BP reported Tuesday a net profit of $8.2 billion for the first quarter, recovering from a record loss a year earlier as it ended operations in Russia after the Ukraine invasion.

Japan Airlines' annual net profit returns to black

Japan Airlines logged Tuesday an annual net profit for the first time in three years, buoyed by soaring domestic and international demand for travel after pandemic restrictions were eased.

Asian markets swing as investors weigh Wall Street losses

Asian equities fluctuated Tuesday as investors digested losses on Wall Street and eyed this week's interest rate decisions.

Qantas names Vanessa Hudson as first woman chief executive

Australian airline Qantas named company veteran Vanessa Hudson as its first woman chief executive on Tuesday, replacing the cost-cutting Irish-Australian Alan Joyce.

Hollywood bracing for writers strike as talks end

Hollywood was preparing for a major strike by thousands of TV and movie writers, as talks to avoid a walkout ended Monday without a deal just hours before a crunch deadline.

Asian markets open higher as investors weigh Wall Street losses

Asian equities rose at the open on Tuesday following a holiday weekend, as investors digested losses on Wall Street after the takeover of First Republic Bank.

Qantas names Vanessa Hudson as first female chief executive

Australia's Qantas Group named Vanessa Hudson as its first female chief executive on Tuesday, replacing the cost-cutting Irish-Australian Alan Joyce.

Search still on for alternatives to Musk-owned Twitter

Since Elon Musk took over Twitter in October, users irked by the platform's new regime have vowed to move their online presence elsewhere, though this has proved harder than some had banked on.

US hospitals broke law by denying emergency abortion: govt

Two hospitals in the US Midwest violated federal law by denying an emergency abortion to a woman who had gone into premature labor and putting her life in danger, government officials said Monday.

US stocks down after First Republic Bank takeover

Wall Street stocks ended lower on Monday as markets digested the takeover of the embattled First Republic Bank, while awaiting a key Federal Reserve policy decision this week.

Relief at First Republic sale, but US banks still face pressure

JPMorgan Chase's takeover of First Republic resolved the fate of the last major bank caught up in recent upheaval, but the sector still faces a weakening economy and challenges from higher interest rates.

US markets mixed after First Republic Bank takeover

Wall Street stocks were mixed on Monday as markets digested the takeover of the embattled First Republic Bank, while Tokyo stocks closed higher ahead of the Federal Reserve's key policy decision this week.

Clashes erupt at French May Day protests against Macron

Protesters clashed with security forces across France on Monday as hundreds of thousands of people took to the streets for labour day to vent their anger against President Emmanuel Macron's pension reform.

Macron minister raises eyebrows with racy novel

A new novel by French President Emmanuel Macron's heavyweight finance minister, containing one breathlessly erotic passage that has gone viral, has forced the government to explain how he finds the time for such penmanship in a period of economic trouble.

JPMorgan to buy First Republic after regulators seize control

US financial authorities seized California's troubled First Republic Bank on Monday and sold it to JPMorgan Chase, hoping to bring to a close a two-month banking crisis that has spooked the financial system.

UN holds Afghanistan crisis talks in Qatar, without Taliban

The Taliban will be absent from UN-led talks that open Monday in Qatar on how to handle Afghanistan's rulers and press them to ease a ban on women working and girls going to school.

Hollywood writers strike looms as deadline nears

Hollywood faced a cliffhanger moment Monday as talks to avert a potentially catastrophic strike by thousands of TV and movie writers remained unresolved just hours before a crunch deadline.

Germany hopes to help climate with discount travel card

Germany launches on Monday a new flat-rate public transport ticket valid across the country, but the 49-euro ($54) price point has raised doubts about the pass's potential impact.

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Arizona Tribune - Economy (English)