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Featured

Bank of Japan hikes rates to 31-year high to battle inflation

The Bank of Japan raised interest rates to a more than 30-year high on Friday and said it would lift them further as it looks to counter inflation fuelled by surging energy prices and a weak yen.

AI doomsday warnings unlikely to slow IPOs but questions linger

Anthropic is expected to beat rival OpenAI to the public markets with a blockbuster IPO later this year despite recent doomsday warnings, but questions remain about their business models and whether regulators should step in.

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Tunisia film portrays 'modern and connected' rural youth

The Tunisian director of "Under the Fig Trees", which portrays young harvest workers, said she hoped the award-winning drama film would "smash the cliche" that rural women are "miserable and closed".

Asian, European markets drop as Fed worries offset China Covid easing

Most Asian and European markets fell Tuesday and the dollar rose as fresh fears that the US Federal Reserve will push interest rates higher than hoped overshadowed growing optimism over China's economic reopening.

Asian markets hurt as Fed worries offset China Covid easing

Most Asian stocks fell Tuesday and the dollar rose as fresh fears that the US Federal Reserve will push interest rates higher than hoped overshadowed growing optimism over China's economic reopening.

Philippine lawmakers propose $4.9 bn sovereign wealth fund chaired by Marcos

Philippine lawmakers have proposed a $4.9 billion sovereign wealth fund to be chaired by President Ferdinand Marcos Jr to boost growth, but critics warn it will be prone to graft and risk Filipino pensions.

China's ruling party lauds late leader Jiang Zemin

Sirens wailed across China as the Communist Party eulogised late leader Jiang Zemin Tuesday, hailing him as a patriot who "dedicated his life" to the country.

Asian markets swing as Fed worries offset China Covid easing

Asian markets were mixed Tuesday as fresh fears that the US Federal Reserve will push interest rates higher than hoped played off against growing optimism over China's economic reopening.

Ukraine races to restore power grid post-Russia strikes as winter comes

Ukraine worked to restore power on Tuesday after Russia's latest wave of missile strikes caused power disruptions across the country, right as winter frost builds and temperatures plunge.

China comes to standstill for late leader Jiang's memorial

Sirens wailed across China as the country came to a standstill Tuesday during a public memorial service for former leader Jiang Zemin, a tentative moment of unity after anti-lockdown protests shook the nation last week.

China will come to standstill for late leader Jiang's memorial

Sirens will wail across China as the country comes to a standstill Tuesday during a public memorial service for former leader Jiang Zemin, who died last week at the age of 96.

US stocks slide on Fed worries as Asian bourses rally

US stocks fell Monday on worries the Federal Reserve will prolong aggressive policies to counter inflation, while Asian bourses rallied on signs China is pivoting from its zero-tolerance Covid policies.

NASA's Orion spaceship slingshots around Moon, heads for home

NASA's Orion spaceship made a close pass of the Moon and used a gravity assist to whip itself back towards Earth on Monday, marking the start of the return journey for the Artemis-1 mission.

Back in vogue: crisis-hit Venezuela vamps up fashion industry

With a series of vibrant evening dresses and urban futuristic metallic ensembles, designers at a Venezuelan fashion week sought to revive an industry in the doldrums after years of economic turmoil.

Stocks retreat on interest rate worries

US stocks fell on Monday as resilient economic data fuelled concerns that the Federal Reserve may not be able to relent on interest rate hikes.

Apple faces critics over its privacy policies

Apple presents itself as a white knight on the subject of privacy, but critics say its own advertising ambitions are built on anti-competitive practices.

Oil jumps on China easing Covid restrictions, Russia price cap

World oil prices rallied Monday after more easing of strict Covid containment measures in China and as a price cap on Russian crude agreed by the EU, G7 and Australia came into force.

Oil jumps on China easing of Covid restrictions, Russia price cap

World oil prices rallied Monday after more easing of strict Covid containment measures in China and as a price cap on Russian crude agreed by the EU, G7 and Australia came into force.

Taiwanese iPhone maker seeks to restore production after protests

Taiwanese tech giant and key Apple supplier Foxconn said Monday it was hiring new workers and moving towards "restoring production capacity to normal" following violent clashes at its central China plant last month.

Iran judiciary seals businesses of football legend Daei: media

Iran has sealed a jewellery shop and restaurant belonging to football legend Ali Daei, after he backed protesters' calls for strikes this week, local media reported on Monday.

How Paris cinemas are surviving

Spinning once again, the sign above France's biggest cinema, the Grand Rex, is testament to how well Paris venues have weathered the twin threats of streaming and the pandemic.

Russian oil price cap put to the test

The price cap on Russian oil agreed by the EU, G7 and Australia came into force on Monday. It aims to restrict Russia's revenue as punishment for its invasion of Ukraine, while making sure Moscow keeps supplying the global market.

Vodafone CEO to step down after four years at helm

Vodafone chief executive Nick Read is stepping down, the British telecoms group said Monday, after a four-year tenure marked by a steep fall in the company's share price.

Stocks rise as China eases more Covid measures

Most stocks rose on Monday as traders welcomed more easing of strict Covid containment measures in China that have hammered the world's number-two economy.

Ghana offers local debt swap as part of IMF talks

Ghana offered investors a domestic debt swap on Monday to ease a crunch in payments as the government negotiates an IMF bailout during its worse economic crisis in decades.

Asian stocks rise as China eases more Covid measures

Stocks rose on Monday as traders welcomed more easing of strict Covid containment measures in China that have hammered the world's number-two economy.

Ex-Wirecard CEO goes on trial over 'unparalleled' fraud

Ex-Wirecard CEO Markus Braun goes on trial in Munich this week for his role in the collapse of the once celebrated payments firm, brought down by the biggest accounting fraud scandal in German corporate history.

Five things to know about the Wirecard scandal

More than two years after the dramatic collapse of German digital payments firm Wirecard, ex-CEO Markus Braun and two former managers will go on trial for fraud.

Records that tumbled in 2022

From roasting temperatures to rocketing energy prices and millions of refugees fleeing Ukraine, 2022 was a year of extremes.

Tunisians dream of moving to Germany as crisis bites

Germany is becoming a key destination for disillusioned young Tunisians despite a language barrier and the North African nation's long history of ties with France.

Egypt dusts off pyramids for fashion, pop and art shows

Egypt is using the ancient grandeur of its pyramids as a backdrop for modern pop concerts and fashion shows, hoping to boost its image, tourism and the luxury brand sector beloved by its moneyed elite.

Asian stocks up, dollar down as China eases more Covid measures

Asian stocks rose and the dollar weakened further as traders welcomed more easing of strict Covid containment measures in China that have hammered the world's number-two economy.

UN agency seeks FIFA deal for World Cup labour rights role

After fierce criticism of the Qatar World Cup, the head of the UN labour agency on Sunday pressed FIFA's president for a greater role scrutinizing future World Cup hosts.

Wenger takes swipe at World Cup teams 'focused on demonstrations'

Arsene Wenger said on Sunday that teams who focused on football rather than "political demonstrations" fared better in the opening round at the World Cup.

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Arizona Tribune - Economy (English)