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Featured

Micron's Taiwan workers say 68 months' bonus not enough

Hundreds of workers at memory chip giant Micron Technology rallied on Thursday, threatening a strike as they rejected the US company's bonus offer of 68 months' pay as insufficient.

'Another arrow to the quiver': World Bank posts record private capital mobilization

The World Bank announced Thursday that it had mobilized a record $112 billion in private capital for developing countries last financial year, with its chief lauding the approach as "adding another arrow to the quiver" of the world's largest development lender.

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Tunisians to vote in second round of poll for defanged parliament

Tunisia holds the second round of elections for a toothless parliament on Sunday, with voters preoccupied by economic woes and turnout seen as crucial in the politically divided nation.

Cooling US inflation lifts hope for smaller Fed rate hike

Slowing inflation and a cooling property sector are fueling expectations that the US central bank can adopt a smaller interest rate hike this week, as policymakers assess current efforts to rein in prices.

Memphis disbands police unit after fatal beating video

The US city of Memphis on Saturday disbanded the special police unit whose officers fatally beat a young Black man, after graphic video of the assault sparked widespread shock and outrage.

Peru Congress rejects snap election, president asks to try again

Peru's embattled president Dina Boluarte on Saturday urged lawmakers to find a way of a deepening political crisis by agreeing to snap elections in December, just hours after Congress voted against the idea.

Montrealers shrug off the cold to dance and party at Igloofest

Snow may have been falling on Montreal's Old Port, with temperatures in the bone-chilling category, but that didn't stop the exuberant dancers during the city's first Igloofest after a Covid pause.

Fears of unrest dissipate in US after police beating video released

Graphic video of five US police officers brutally beating a young Black man who later died in hospital was met with widespread shock Saturday, even as concerns receded of a violent public backlash to the distressing footage.

Italy's Eni signs $8 bn gas deal as Meloni visits Libya

Italian energy giant Eni signed an $8 billion gas deal with Libya's state-run National Oil Corporation Saturday as Prime Minister Giorgia Meloni visited Tripoli.

Efforts since George Floyd death have failed to stem US police violence

The shocking death of Tyre Nichols after a police beating has reopened anguished debate across the United States about police violence, fueling a sense that the huge, nationwide demonstrations of 2020 have done little to solve the problem.

Rwanda arrests six for insulting trailblazing female football ref

Rwandan authorities on Saturday said they had arrested six people for allegedly hurling insults at a woman who made history as one of the first female referees chosen for the men's World Cup.

High-profile murder trial shines light on Argentine discrimination

The shocking story of a teenager beaten to death by eight young rugby players has opened old wounds and shed light on class, race and gender discrimination in Argentine society.

Peru Congress rejects president's plan for early elections

Peru's Congress rejected on Saturday a request by embattled President Dina Boluarte to bring forward elections to December 2023, as protests that have killed dozens rage on against her leadership.

'Constant danger': Life after leprosy, a long neglected disease

Dan Izzett has lived with leprosy's effects on his body for 70 years, and has lost much to what he calls an "ancient, fascinating, very unkind disease".

UK airline Flybe ceases trading, cancels all flights

British airline Flybe said Saturday it had ceased trading and all flights had been cancelled.

Germany's Scholz to meet Brazil's Lula on L. American tour

German Chancellor Olaf Scholz begins a Latin American tour on Saturday, during which he will become the first Western leader to meet Brazilian President Lula since the latter's inauguration.

In Brazil's Amazon, malnourished Yanomami children get needed care

In a hospital in Brazil's Amazon, half a dozen Yanomami children are dozing in blue hammocks. Some are suffering from pneumonia, others from malaria. Some even have snake bites. All of them are underfed.

Memphis releases deadly police beating video

The US city of Memphis on Friday released graphic video footage depicting the fatal police assault of a 29-year-old Black man, as cities nationwide braced for a night of protests against police brutality.

Memphis to release fatal police beating video

The US city of Memphis was poised Friday to release graphic video footage depicting the fatal police assault of a 29-year-old Black man, as cities nationwide braced for a night of protests against police brutality.

LeBron James jersey sells for whopping $3.7 mn

A game-worn jersey of basketball superstar LeBron James sold for $3.7 million at auction Friday, five times more than the previous record for one of his shirts.

Key US inflation gauge slows in December while spending falls

A key indicator of US inflation eased in December as spending dipped, according to government data released Friday, opening the door to smaller interest rate hikes as efforts to cool the economy ripple through sectors.

Top French university bans students from using ChatGPT

A top French university on Friday forbade students from using artificial intelligence chatbot ChatGPT to complete assignments, in the first such ban at a college in the country.

US on edge over video of fatal police beating

The southern US city of Memphis braced itself for unrest Friday as authorities prepared to release a video depicting the fatal assault of a Black man by five police officers who, the victim's mother said, "beat him to a pulp."

Key US inflation gauge slows in December on easing goods and energy costs

A key indicator of US inflation eased again in December, according to government data released Friday, opening the door to smaller interest rate hikes as efforts to cool the economy ripple through sectors.

Global markets extend rally on hopes US will avoid recession

World stock markets rose further Friday on hopes that the US economy could avoid recession after growing by more than expected in the fourth quarter of last year.

Spain posts strong growth for 2022 despite inflation

Spain's economy grew faster than expected in 2022 as strong domestic consumption and a surge in investement offset worries over high inflation, officials figures showed Friday.

IMF announces visit to crisis-hit Pakistan

The IMF will send a team to Pakistan next week to discuss reviving a desperately needed bailout programme, with a foreign exchange crisis bringing imports almost to a standstill.

H&M in the red after Russia exit, soaring costs

H&M reported Friday a big drop in profits in 2022, with a surprise loss in the fourth quarter as the Swedish fashion retailer exited Russia and faced soaring production costs.

Fraud claims wipe $45 bn off India's Adani group stocks

Shares in the business empire of Asia's richest man Gautam Adani nosedived Friday, extending this week's losses to $45 billion, days after a US investment firm claimed it had committed "brazen" corporate fraud.

Confectionery firm turns vegan to avoid Brexit checks

Following Brexit, confectioner Pecan Deluxe Candy soon discovered that British operations were plagued by costly new red tape on exports of animal-derived products. Its solution? Go vegan.

Regret takes hold in Brexit bastion

Grays, a town near London, voted overwhelmingly in favour of Brexit. But three years after severing ties with the EU, some are feeling remorse as the country lurches from one crisis to another.

Shares in India's Adani plunge 15% after fraud claims

Trading in the business empire of Asia's richest man Gautam Adani was halted Friday following a 15 percent plunge in its share price, days after a US investment firm claimed it had committed "brazen" corporate fraud.

Shares in India's Adani fall again after fraud claims

Shares in the business empire of Asia's richest man Gautam Adani sank again Friday after the conglomerate slammed a US investment firm that claimed it had committed "brazen" corporate fraud.

Peru says army, police to clear protester roadblocks

The Peruvian government said Thursday that police and soldiers would soon move to dismantle roadblocks on the nation's highways erected by protesters who have demanded for weeks the resignation of President Dina Boluarte.

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Arizona Tribune - Economy (English)