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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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Europe stocks, euro rise on elevated eurozone inflation

European equities and the euro rose Wednesday as eurozone inflation slowed but remained elevated on high energy costs.

Lebanon crisis means 'no football this year' for World Cup fans

Football fans looking for a respite from Lebanon's crushing economic crisis have found a challenge in simply watching the World Cup after the bankrupt state failed to pay for broadcasting rights.

Let them eat bread: the origins of the baguette

It is as much a part of French culture as the Eiffel Tower or Edith Piaf but the origins of the humble baguette, which UNESCO on Wednesday added to its List of Intangible Cultural Heritage, remain a mystery.

UK union announces ambulance strike as stoppages widen

Britain's government on Wednesday rejected union pay demands after ambulance workers joined nurses in voting to go on strike.

Markets rise as traders weigh China moves, await Fed's Powell

Markets rose Wednesday on hopes that China will further ease its strict Covid containment measures following widespread protests, though gains were tempered by leaders' warnings of a crackdown on dissent.

Climate's toll on trees threatens the sound of music

Stroking a tiny spruce sapling, Swiss forest ranger Francois Villard fears the tree will not withstand global warming and live to a ripe old age like its ancestors.

Self-driving lorries hit the road in Sweden

Barrelling down a motorway south of Stockholm in a 40-tonne lorry and trailer, the driver keeps a careful eye on the road but, jarringly, no hands on the wheel.

Cracking the covert app that exposed Europe's drug gangs

From torture and murder in the Netherlands and Serbia to an unprecedented web of corruption in Belgium, the Sky ECC investigation has shone a light into some of Europe's darkest corners.

China's factory activity contracts as Covid disruptions spread

China's factory activity shrank for a second straight month in November, official data showed Wednesday, as large swathes of the country were hit by Covid-19 lockdowns and transport disruptions.

Equities mostly up as traders weigh China moves, await Fed's Powell

Markets mostly rose Wednesday on hopes that China will further ease its strict Covid containment measures following widespread political unrest, though gains were tempered by leaders' warnings of a crackdown on dissent across the country.

Jack Ma living in Japan after China tech crackdown: FT

Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view following China's crackdown on the tech sector, the Financial Times reported Wednesday, citing multiple unnamed sources.

US Senate votes to protect same-sex marriage

The US Senate passed a landmark bill Tuesday protecting same sex marriage, as lawmakers from both parties moved to forestall the possibility of the conservative-led Supreme Court taking away this right as it did with abortion.

Tough France-US talks on industrial subsidies: senator

French leader Emmanuel Macron is hoping his US state visit can produce meaningful concessions for European industry as it smarts from massive US green subsidies -- but the chances of a major win look slim, according to a Joe Biden ally Chris Coons.

Global stocks mixed as markets monitor China, await Powell remarks

Stocks diverged Tuesday after big rallies in Asian markets failed to trigger a similar reaction in Europe and on Wall Street, as investors remained cautious before key US data and speeches this week.

HSBC bank sells Canadian ops for over US$10 bn

HSBC has agreed to sell its Canadian division to Royal Bank of Canada for US$10.1 billion, the Asia-focused banking giant announced Tuesday.

German inflation unexpectedly slows in November

German inflation unexpectedly slowed in November after months of increases, preliminary data showed Tuesday, as sky-high energy prices begin to ease.

IMF may have to lower China growth forecasts: director

The International Monetary Fund may have to slash its growth forecasts for China, managing director Kristalina Georgieva warned Tuesday, after protests erupted opposing Beijing's strict policies to combat Covid.

Japanese company aims to put first private lander on Moon, with UAE rover on board

SpaceX is set Wednesday to launch the first private -- and Japanese -- lander to the Moon.

Stocks diverge as investors caught between hope, caution

Stocks diverged Tuesday after big rallies in Asian markets failed to trigger a similar reaction in Europe and on Wall Street as investors remain cautious before key US data and speeches later in the week.

UK police arrest man over 2021 deaths of 27 migrants

UK police on Tuesday arrested a man suspected of playing a "key role" in the deaths of at least 27 people who drowned attempting to cross the Channel in a dinghy last November.

UK removes China from Sizewell nuclear project, takes joint stake

Britain on Tuesday removed China General Nuclear from construction of its new Sizewell C power station, announcing it would take a joint stake alongside French partner EDF as relations sour with Beijing.

Stocks, crude rise on hope China will ease strict Covid measures

Stocks and oil prices rebounded strongly Tuesday, while the haven dollar weakened, on speculation that China would further ease strict Covid measures but investors remain cautious ahead of key US data and speeches later in the week.

Macron courts Central Asian strongmen in quest for influence

French President Emmanuel Macron is making an eye-catching drive to strengthen partnerships with Central Asian states, seeking to boost Europe's influence in a strategic region where China, Russia, Turkey and the United States are already jostling for supremacy.

Stocks, crude rise on hope China eases strict Covid measures

Stock markets and oil prices rebounded strongly Tuesday, while the haven dollar weakened, on speculation that China would further ease strict Covid containment measures.

Less than half of population is Christian: UK census

For the first time, less than half of the population in England and Wales identifies as Christian, according to census data released Tuesday.

Qatar announces first major gas deal for Germany

Qatar on Tuesday announced its first major deal to send liquefied natural gas to Germany as Europe scrambles to find alternatives to Russian energy sources.

Stocks, crude rise as China fears give way to Covid easing hopes

Equities rose with oil prices and the dollar weakened Tuesday as China avoided another night of protests after a weekend of unrest, with speculation growing that officials will announce a further easing of the country's strict Covid containment measures.

EasyJet flies into third straight annual loss

British airline EasyJet on Tuesday confirmed a third annual loss in a row, which was however far less than during the worst of the Covid pandemic.

Most markets rise as China fears give way to Covid easing hopes

Asian equities rose and the dollar weakened Tuesday as China avoided another night of protests after a weekend of unrest across, with speculation growing that officials will announce a further easing of the country's strict containment measures.

Mould and red tape: Ukrainians hosted in UK struggle to find own housing

Viktoriya arrived in the UK in March after fleeing war-torn east Ukraine with her two sons and their cat and dog.

Asian markets mostly rise after calm night in China

Asian equities rose and the dollar weakened Tuesday as China avoided another night of protests after a weekend of unrest across the country fuelled uncertainty in the world's number two economy.

Twitter owner Musk signals new 'war' against Apple

Twitter owner Elon Musk on Monday opened fire against Apple over its tight control of what is allowed on the App Store, saying the iPhone maker has threatened to oust his recently acquired social media platform.

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Arizona Tribune - Economy (English)