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Featured

Iran, US to hold peace talks overshadowed by mutual mistrust

Iran and the United States were scheduled to hold peace talks in Pakistan on Saturday with the foes appearing to be far apart on key demands and expressing mutual mistrust.

Small US farm copes with fuel hikes from Mideast war

An hour's drive north of New York City, the greenhouses at Cropsey Farm are seeing their first leaves of kale, spinach and arugula emerge. But the farmer who runs the outfit is obsessed with something else: the soaring price of fuel.

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From Beirut to Baghdad: Lebanese flee crisis seeking jobs in Iraq

Iraq, once synonymous with conflict and chaos, is becoming a land of opportunity for Lebanese job-seekers fleeing a deep economic crisis back home.

Clock ticking on Swiss watches' raw materials from Russia

Diamonds shine brightly at this year's Geneva watch fair but the sanctions slapped on Russia could soon force the Swiss watch industry to produce more subdued designs.

Canadian trappers wrestle with loss of Russia, Ukraine fur markets

Trying to maintain his balance on a dam, Canadian trapper Ray Gall advances cautiously as he tries to retrieve a large black beaver snared in one of his traps.

US defense contractors see longer term benefits from war in Ukraine

US arms manufacturers are not cashing in directly from the thousands of missiles, drones and other weapons being sent to Ukraine, but they do stand to profit big-time over the long run by supplying countries eager to boost their defenses against Russia.

Tesla delivers over 1 million electric cars over past year

US electric car manufacturer Tesla shipped a record number of more than one million cars over the past year, according to figures published Saturday.

War-torn Yemen holds breath as breakthrough truce begins

Yemen's warring parties laid down their weapons for the first nationwide truce since 2016 on Saturday, with all eyes on whether the UN-brokered ceasefire will hold.

India, Australia ink interim trade deal

India and Australia signed an interim free trade deal on Saturday that cuts tariffs on billions of dollars of commerce as the two Quad partners bolster their economic ties.

No longer a last resort: Pulling CO2 from the air

To save the world from the worst ravages of climate change, slashing carbon pollution is no longer enough -- CO2 will also need to be sucked out of the atmosphere and buried, a landmark UN report is expected to say on Monday.

Amazon workers in New York vote to unionize in US first

Amazon workers in New York voted Friday to establish the first US union at the e-commerce giant, a milestone for a company that has steadfastly opposed organized labor in its massive workforce.

Stocks wobble as solid US jobs data points to rate hike

Stock markets wavered on Friday as a solid US jobs report raised expectations of an aggressive US interest rate hike to tame runaway inflation.

Stocks rise on strong US jobs data, oil steadies

Stock markets rose on Friday following a healthy US jobs report while oil prices steadied as US allies mulled new measures to calm the crude market.

New era for Zara empire as Ortega heiress takes helm

Marta Ortega on Friday took the reins of Zara-owner Inditex, the group founded by her father, and faces an immediate challenge after the fashion giant temporarily closed shops in Russia, its second biggest market.

US labor market nears full recovery after strong March hiring

The US labor market has almost recovered from the mass joblessness caused by the pandemic, adding hundreds of thousands of positions last month and sending the unemployment rate nearly to where it was before Covid-19 broke out nationwide.

Sri Lanka's all-powerful Rajapaksas under fire

Anger is boiling over in Sri Lanka at the country's worst economic crisis since independence in 1948, much of it directed at the island nation's all-powerful Rajapaksa family.

Young Sami return to reindeer herding despite climate fears

In the snowy Arctic darkness Suvi Kustula throws bundles of lichen to her excitable herd of reindeer, their antlers lit up by her van's headlights.

Disaster tourism: blackouts, shortages hit Sri Lanka recovery hopes

In a Sri Lankan beach guesthouse blacked out by a power cut, the owner's son illuminates a printed Wifi password with his phone for two European backpackers. A moment later the trio grasp the gesture's futility.

China's factory output at lowest in two years: Caixin PMI

China's factory output slumped to its lowest in two years in March, independent data showed Friday, as the country battles its worst Covid-19 outbreak since the start of the pandemic.

Sri Lankan security forces deployed in Colombo after night of violence

Security forces were deployed across the Sri Lankan capital on Friday after protesters tried to storm the president's home in anger at the nation's worst economic crisis since independence.

Amazon locked in tight unionization votes in two US states

Amazon narrowly led in an effort to prevent unionization in Alabama, according to preliminary results Thursday, but the e-commerce behemoth trailed in a partial tally in a parallel election in New York.

EU to seek China rethink over Russia ties

The EU holds a virtual summit with China on Friday amid increasing alarm over Beijing's growing proximity with Moscow and its reluctance to condemn Russia's invasion of Ukraine.

Japan business confidence dips as Ukraine concern grows

Confidence weakened among Japan's major manufacturers for the first time in nearly two years, a key business survey showed Friday, as concern grows over the impact of the Ukraine crisis.

Which companies are going public in 2022? Almost none so far

As the first quarter of 2022 winds down, the IPO parade is ending with a whimper -- there were no initial public offerings this week and just one last week.

One wounded as protest at Sri Lanka leader's home turns violent

A protest by hundreds of people trying to storm the home of Sri Lankan President Gotabaya Rajapaksa turned violent Thursday, with at least one man critically wounded, as residents slammed the government's handling of the country's crippling economic crisis.

International donors pledge $2.44 bn in aid for Afghanistan

International donors have pledged $2.44 billion in humanitarian aid for Afghanistan, the United Nations said on Thursday, falling short of its target to provide emergency relief.

Hundreds storm Sri Lanka president's home as crisis deepens

Police fired tear gas and water cannon at hundreds of protesters trying to storm the home of Sri Lankan President Gotabaya Rajapaksa in the capital Thursday, demanding his resignation as the South Asian nation's economic crisis worsened.

US not looking for new deal in China negotiations: trade chief

The United States is not looking for a new deal in its negotiations with China over trading practices but rather to address practices by Beijing that it finds objectionable, Washington's trade chief said Thursday.

Oil prices sink as US taps reserves; equities fall

Oil prices tumbled on Thursday as the US announced it would release a record amount of oil from its stockpiles to fight soaring prices over supply fears sparked by the Ukraine war.

Putin warns EU nations need ruble accounts to get gas

President Vladimir Putin on Thursday warned "unfriendly" countries, including all EU members, that they would be cut off from Russian gas unless they opened an account in rubles to pay for deliveries.

Biden weighs record release of US oil reserves: reports

President Joe Biden plans to announce a potentially record release of oil from US strategic stockpiles to counter elevated gasoline prices in the wake of Russia's invasion of Ukraine, US media reported Thursday.

Americans pulled back on spending in February as inflation bit

US consumers spent less and saved more in February amid rising prices for a range of goods, even as their incomes continued to increase, government data showed Thursday.

Exit Expo: Dubai to close shutters on lavish world fair

Dubai will bid farewell to its extravagant Expo 2020 world fair on Thursday, leaving a multi-billion dollar mini-city in the desert and heightened expectations for future hosts.

Sri Lanka runs out of diesel, faces longest-ever blackout

Diesel was no longer on sale across Sri Lanka on Thursday, crippling transport as the crisis-hit country's 22 million people endure record-long power blackouts.

Arizona Tribune - Economy (English)