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UK PM announces ban on social media for under-16s

British Prime Minister Keir Starmer on Monday announced a forthcoming total ban on social media for children under 16, saying that such platforms are "making children unhappy".

US and Iran reach deal to end war, reopen Hormuz

The United States and Iran said they reached a deal to end the Middle East war on all fronts including Lebanon, and reopen the vital Strait of Hormuz, but offered little indication on the thorny question of Tehran's nuclear programme.

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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.

Britain's Truss presses India on Ukraine ahead of Lavrov visit

Britain's foreign secretary was in India Thursday to press for tougher action on Russia's invasion of Ukraine, ahead of a visit by Moscow's top diplomat likely aimed at urging Delhi to do the opposite.

Plenty of fish but no catch as Sri Lanka economic crisis bites

The sky and seas off Sri Lanka's coast are crystal blue but a worsening economic crisis has kept fishermen moored at Negombo harbour, out of gas and unable to reel in the day's catch.

'Finally we can protect women': Japan's HPV vaccine battle

Thousands of lives could be saved as Japan begins to actively promote the HPV vaccine -- which can prevent cervical cancer -- after a decade of misinformation and weak policy left inoculation rates dismally low, advocates say.

Trench proves ultimate barrier to Venezuelans arriving in Chile

Exhausted and afraid, Venezuelan Soreimi Moran breathes in deeply and fights back tears.

Tariffs have not forced China to change its ways, US trade chief says

Rather than pressuring China to change its "unfair" trade practices, US Trade Representative (USTR) Katherine Tai said Wednesday the economy would better served by policies to encourage domestic manufacturing.

CVS settles with Florida on opioids, first accord with US state

CVS Health will pay $484 million to the state of Florida to settle opioid claims, the parties announced Wednesday, in the pharmacy chain's first settlement with a US state.

Prince's legendary Syracuse concert gets official release

A concert of near-mythical proportions -- Prince at the peak of his powers in Syracuse during the 1985 Purple Rain tour -- is getting an official release on June 3, the late singer's label said Wednesday.

Sri Lanka faces 13-hour blackouts, hospitals stop surgery as crisis deepens

Sri Lanka announced nationwide 13-hour daily power cuts from Thursday and more hospitals suspended routine surgeries after running out of life-saving medicines, as the cash-strapped island's economic crisis deepened.

UK seeks Europe-wide maritime minimum wage after P&O debacle

The UK government said Wednesday it wants a minimum European wage for maritime workers, after P&O Ferries sacked almost 800 seafarers to replace them with cheaper agency workers.

Stocks slide, oil rises as Germany slashes growth outlook

World stock markets lost ground Wednesday after strong gains the previous session, as Russia downplayed hopes of a breakthrough in peace talks with Ukraine and Germany's growth outlook darkened.

EU unveils 'sustainable' fashion push

The EU on Wednesday announced proposals to crack down on "fast fashion" by making clothing easier to repair and more durable as part of a push to bolster environmental standards.

10-hour blackouts, hospitals stop surgery as Sri Lanka crisis worsens

Sri Lanka on Wednesday began imposing record nationwide 10-hour daily power cuts as more hospitals announced the suspension of routine surgeries in response to severe shortages of fuel and life-saving medicines.

Marta Ortega, the heiress taking the reins of Zara

Marta Ortega, whose father founded Zara-owner Inditex, will become the world's most powerful woman in the ready-to-wear sector when she takes the reins of the company on Friday.

Energy prices push Spanish inflation to 37-year high

Spanish inflation has surged to a near 37-year high due to soaring energy prices following Russia's invasion of Ukraine, official data showed Wednesday, adding pressure on the government.

Most markets rally on Russia pledge, but traders cautious

Most stocks rose again Wednesday as investors gave a cautious welcome to Russia's pledge to "radically" wind down military activity around two cities including Kyiv, lifting hopes for a ceasefire in the month-long Ukraine war.

10-hour power cuts in Sri Lanka as crisis worsens

Sri Lanka on Wednesday began imposing record nationwide 10-hour daily power cuts as it ran out of hydro-electricity on top of a severe shortage of fuel.

Muslims face frugal Ramadan as Ukraine war drives up food prices

Russia's Ukraine invasion, which has already exacerbated food woes in parts of Africa and the Middle East, is marring preparations for the holy month of Ramadan and forcing a turn to frugal iftar sunset meals.

US to stress economic independence to counter 'unfair' China trade practices

The US should focus on achieving economic independence from China rather than pressuring Beijing to change "unfair" trade practices, US Trade Representative Katherine Tai will suggest Wednesday, as a shift in strategy toward the Asian giant.

Russia accused of causing 'global food crisis' at UN

Russia was accused before the UN Security Council on Tuesday of having caused a "global food crisis" and putting people at risk of "famine" by starting the war in Ukraine, which serves as a breadbasket for Europe.

Thousands march in Haiti in anger over surge in kidnappings

Thousands of people demonstrated Tuesday in Haiti to denounce a surge in kidnappings and the lack of action by the government of Prime Minister Ariel Henry to protect the population from crime gangs.

European, US stocks rise on hopes for Ukraine peace talks

European and US stocks rallied while oil prices retreated on Tuesday as apparent progress in peace talks between Moscow and Kyiv fueled hopes of an end to the Ukraine conflict.

Oil prices sink, stocks surge on Ukraine hopes after talks

World oil prices dived and European and US stocks rallied on Tuesday as apparent progress in peace talks between Moscow and Kyiv sparked hope of an end to the Ukraine conflict.

Struggling Everton post £120m losses

Premier League strugglers Everton recorded losses of £120.9 million ($157 million) in the last financial year, but are set to avoid being held in breach of profit and sustainability rules.

France's Decathlon shuts Russian stores as others defy pressure

French sports retailer Decathlon said Tuesday it was suspending sales at its stores in Russia following calls to boycott the group and other French companies for keeping their operations running.

Cathay plans world's longest passenger flight, avoids Russian airspace

Cathay Pacific is planning the world's longest passenger flight by rerouting its New York to Hong Kong service over the Atlantic instead of the Pacific, the airline said Tuesday, in a new path that steers clear of Russia.

Becker doesn't know where his Wimbledon trophies are

Former Wimbledon champion Boris Becker has told a London court he does not know the whereabouts of his All England Club trophies.

Oil prices sink, stocks surge on Ukraine talks 'progress'

World oil prices dived and European stocks rallied on Tuesday as apparent progress in peace talks between Moscow and Kyiv sparked hope of an end to the Ukraine conflict.

French family leapt off balcony one by one: Swiss police

A French family gripped by conspiracy theories jumped one after the other from their seventh-floor apartment in the Swiss town of Montreux, police investigating the mystery said Tuesday.

Arizona Tribune - Economy (English)