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Hormuz ship traffic climbs after war deal: trackers

Shipping traffic through the Strait of Hormuz rose to its busiest in two months after a deal to halt the US-Iran war, maritime trackers said on Friday.

Oil edges back up, shares steady after US-Iran talks postponed

Oil prices edged back up and stock markets stabilised Friday after postponement of US-Iran peace deal talks.

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Strikes persist at TotalEnergies refineries, fuel depot in France

French refinery and fuel depot workers at five sites owned by oil giant TotalEnergies vowed to continue striking on Saturday, compounding concern over petrol supply ahead of wider protests early next week.

At least 28 killed, more than a dozen trapped in Turkey mine blast

Rescuers worked on Saturday to free more than a dozen miners still thought to be trapped underground at a coal pit in northern Turkey, where a methane blast a day earlier killed at least 28 people.

China's economy slows as Xi plans for historic third term

As China's leaders gather for a crucial party congress, the country is expected on Tuesday to announce some of its weakest quarterly growth figures since 2020, its economy hobbled by Covid restrictions and a real estate crisis.

Vogue Singapore penalised for promoting 'non-traditional' families

Authorities have shortened Vogue Singapore's publishing permit, issuing a "stern warning" to the fashion magazine for its content containing nudity and promoting "non-traditional families".

Iran activists call for new mass protests as Biden voices support

Iranian activists called for fresh nationwide protests on Saturday over the death of Mahsa Amini, as US President Joe Biden voiced his support for "the brave women of Iran".

At least 28 killed, dozens trapped in Turkey mine blast

Rescuers desperately searched for signs of life on Saturday after a methane blast at a coal mine in northern Turkey killed at least 28 people and trapped dozens of others hundreds of metres underground.

'Beginning of the end': Iran activists call for mass protests Saturday

Iranian activists called for fresh nationwide protests on Saturday over the death of Mahsa Amini, as the movement entered its fifth week despite a crackdown that has killed dozens.

Ex-head of US electric truck firm found guilty of fraud

The former head of Nikola, a start-up making electric- and hydrogen-powered trucks, was found guilty of fraud on Friday for misleading investors about his company's alleged progress and capabilities in order to raise more money.

At least 14 killed, dozens trapped in Turkey mine blast

Rescuers pulled out 14 bodies Friday and searched for signs of life among dozens of coal miners still trapped under hundreds of metres underground after an apparent methane blast tore through a pit on Turkey's Black Sea coast.

Broader coalition not needed for Russia oil price cap: US

The G7 is still working on setting a price cap on Russian oil but enrolling more nations to the scheme is not necessary for it to succeed, US Treasury Secretary Janet Yellen said Friday.

Rampaging gangs in Haiti use rape to instill fear: UN

Competing criminal gangs have turned to sexual assault as a way to terrorize Haitians and consolidate territorial control, a UN report said on Friday.

Gay Cuban couple's long wait to tie the knot

Adiel Gonzalez, a 32-year-old former theology student, was forced to break with his church eight years ago due to his sexuality.

US banks report solid results but warn of rising recession risk

Large US banks reported a round of solid quarterly profits Friday, but cautioned of rising recession risks as the economy absorbs higher inflation and a dramatic shift is central bank policy.

French fuel shortages spark warnings as strike hardens

Striking French refinery workers vowed Friday to pursue blockades after spurning a pay offer from industry leader TotalEnergies, prompting alarm over spreading fuel shortages ahead of broader protests in the coming days.

Pound slides amid UK political drama

The pound fell on Friday after under-fire British Prime Minister Liz Truss sacked her finance minister and made a dramatic policy U-turn, while an equity rally ran out of steam.

'Beginning of the end': Iran activists call for new protests

Iranian activists called for fresh nationwide protests over the death of Mahsa Amini, as the movement entered a fifth week on Friday despite a crackdown that has killed dozens.

Kroger unveils $24.6 bn deal to create supermarket giant

Grocery chain Kroger will acquire smaller rival Albertsons in a $24.6 billion transaction announced Friday that would create a supermarket giant but could face tough regulatory scrutiny.

UK's Truss fires finance minister as budget plan in ruins

British Prime Minister Liz Truss on Friday fired her finance minister and abandoned the key plank of her right-wing economic platform, battling to salvage her new government as restive Conservatives plotted her own demise.

French football chiefs promise checks after workers' conditions in Qatar exposed

French football authorities said Friday they would carry out their own checks on the working conditions of migrant workers in Qatar ahead of the World Cup after new revelations in a TV documentary.

UK's Truss fires finance minister as economic plan in tatters

British Prime Minister Liz Truss on Friday dismissed her finance minister, forcing Kwasi Kwarteng to carry the can for turmoil sparked by her right-wing economic platform as restive Conservatives plotted her own demise.

JPMorgan Chase reports lower profits, warns of economic 'headwinds'

JPMorgan Chase reported a drop in third-quarter profits Friday as it set aside funds for potential loan defaults and highlighted the rising risk of recession.

Equities soar despite hot US inflation, pound dips on uncertainty

Asian and European equities rallied Friday despite news of surging US inflation, while the pound dipped on uncertainty over Britain's controversial budget.

Royal Mail plans up to 10,000 job cuts

British postal operator Royal Mail on Friday unveiled plans to axe up to 10,000 jobs, blaming the move partly on ongoing staff strikes that contributed to a first-half loss.

UK's Truss to face media as chaos engulfs economic plan

British Prime Minister Liz Truss will on Friday hold her first news conference, Downing Street said as her finance chief rushed home from Washington to contend with market turmoil and civil war in the ruling Conservatives.

French fuel shortages take toll as strike standoff hardens

Striking French refinery workers vowed Friday to maintain their blockades after rejecting a pay offer from oil giant TotalEnergies, raising the spectre of worsening fuel shortages ahead of a general public-sector strike next week.

Markets surge after sharp Wall St swing, pound holds gains

Equities rallied Friday to extend a surge on Wall Street, where all three indexes saw extreme swings in response to a forecast-beating inflation report that cemented expectations for more big Federal Reserve rate hikes.

Danone plans to withdraw from most of its business in Russia

French agribusiness Danone said Friday it planned to transfer control of its essential dairy and plant-based business in Russia, retaining only its infant nutrition branch.

Pacquiao says exhibition fight 'my comeback to the ring'

Manny Pacquiao called an exhibition fight in December against a South Korean YouTuber "my comeback to the ring," saying he wants to show he "is still there in boxing."

Revolutionary manga 'The Rose of Versailles' turns 50

Japanese manga "The Rose of Versailles" features elaborate outfits, palace intrigues and passionate romances set against the backdrop of the French Revolution, but it also has its own revolutionary credentials.

Maradona's 'Hand of God' ball to go up for auction

The ball that Diego Maradona used to score his infamous "Hand of God" World Cup goal for Argentina against England in 1986 will go under the hammer next month and could fetch up to £3 million.

China consumer inflation rises to two-year high

China's consumer inflation hit two-year high in September, official data showed Friday, fuelled by soaring pork prices and as extreme weather hit farmers.

Asian markets surge after sharp Wall St swing, pound holds gains

Asian equities soared Friday to extend a surge on Wall Street, where all three indexes saw extreme swings in response to a forecast-beating inflation report that cemented expectations for more big Federal Reserve rate hikes.

Arizona Tribune - Economy (English)