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After three sessions, SpaceX already among world's most valuable companies

SpaceX shares surged again Tuesday, lifting Elon Musk's rocket company into the world's top five in market value for most of the session as a record-breaking IPO gives way to a torrid buying frenzy.

Surging SpaceX overtakes Amazon to become 5th biggest company

SpaceX shares surged again Tuesday, lifting Elon Musk's rocket company above Amazon into fifth place in market value as a record-breaking IPO gives way to a torrid buying frenzy.

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ECB reckons with impact of war on eurozone's doorstep

Russian President Vladimir Putin's invasion of Ukraine has added an extra layer of complexity to the decisions facing European Central Bank policymakers as they meet on Thursday.

America is finally cleaning up its abandoned, leaking oil wells

Bill Suan bought his family's cattle farm in the mountains of West Virginia a decade-and-a-half ago with little thought for the two gas wells drilled on the property -- but then they started leaking oil onto his fields and sickening his cows.

Visa, Mastercard suspend operations in Russia

Card payment giants Visa and Mastercard announced Saturday they will suspend operations in Russia, the latest major US firms to join the business freeze-out of Moscow over its invasion of Ukraine.

Russia-Ukraine conflict escalation would cause 'devastating' economic damage: IMF

The IMF warned on Saturday that the already "serious" global economic impacts of the war in Ukraine would be "all the more devastating" should the conflict escalate.

Russia's Aeroflot says halting all flights abroad from March 8

Russia's flagship airline Aeroflot said Saturday that it was suspending all its international flights beginning March 8, as Moscow faces waves of Western sanctions over its military incursion in Ukraine.

IAEA chief in Iran for talks seen as key to nuclear deal

The UN nuclear watchdog's chief held high-level talks in Tehran on Saturday that are seen as crucial in efforts to revive the 2015 nuclear deal between Iran and world powers.

Neutral Switzerland's economy shaken by sanctions on Russia

Switzerland's newly adopted tough stance on Russia has forced the Swiss economy to readjust to sanctions, blowing a wind of panic through the raw materials market in particular.

Volkswagen plans 2 bn euro electric car plant in Germany

German auto giant Volkswagen said on Friday it had approved a 2 billion euro investment in a new electric car plant, as it seeks to overhaul its business in the face of stiff competition from US rival Tesla.

Facebook says Russia block 'cuts off millions' from reliable information

Facebook attacked Russia's block on Friday of the dominant social media network, saying the move will cut millions off from reliable information and a forum to share their views.

Californians resigned as gasoline prices spike

Californians filling up their cars on Friday winced at the spiraling cost of gasoline, but largely shrugged as residents of the state that has long had the highest gas prices in the United States.

Ed Sheeran in 'Shape of You' copyright dispute

British singer-songwriter Ed Sheeon ran attended London's High Court Friday as a copyright trial opened over allegations that his hit song "Shape of You" lifted musical phrases from another track.

Stocks sink, gas and oil prices soar over escalation fears in Ukraine

Global stock markets fell across the board Friday and energy prices soared as investors feared the risk of an escalation after Russia attacked the largest nuclear power plant in Ukraine.

Tesla finally gets green light to start production in Germany

After getting snarled up in German red tape, US electric car pioneer Tesla got the final go-ahead from authorities Friday, paving the way for production to begin shortly at its "gigafactory" outside Berlin.

Brazil exits recession, but faces tough year

Brazil exited recession in the fourth quarter, the government said Friday, though weak growth and high inflation still dog Latin America's biggest economy as President Jair Bolsonaro gears up to seek re-election in October.

US adds 678,000 jobs in February amid pandemic recovery

The US economy saw a hiring surge in February, the government reported Friday, edging the jobless rate closer to the pre-pandemic level as hard hit sectors recover from the impact of Covid-19.

Microsoft 'suspends' new sales of products, services in Russia

Microsoft is halting new sales of its products and services in Russia, the tech giant announced Friday, in the latest fallout over Moscow's invasion of Ukraine.

Ukraine: a nuclear-powered nation under fire

The Russian shelling of Zaporizhzhia nuclear power plant in Ukraine -- the largest in Europe -- has sparked international outrage and fears over the country's 15 operational reactors.

Outrage as Russians attack Ukrainian nuclear plant

Ukraine accused the Kremlin of "nuclear terror" and the West expressed horror on Friday after Europe's largest atomic power plant was attacked and taken over by invading Russian forces.

More than 1.2 million refugees flee Ukraine

More than 1.2 million people have fled Ukraine into neighbouring countries since Russia launched its full-scale invasion on February 24, United Nations figures showed Friday.

As Ukraine pushes oil over $100, Nigerians see mixed blessings

Weaving in between the Lagos traffic, hawkers selling plantain snacks and water more recently offer drivers another treat: jerry cans filled with petrol to help with fuel shortages.

Polluting drivers may have to pay in all of London

A road-charging scheme targeting more polluting cars in London could be expanded to cover the entire metropolitan area of the British capital, the city's mayor said Friday.

Beijing wary of extending economic lifeline to Russia

An isolated Russia could be driven further into China's arms economically in the wake of sanctions imposed over the invasion of Ukraine, but Beijing appears wary of offering a warm embrace.

Sony and Honda plan joint electric vehicle firm

Sony is teaming up with automaker Honda to start a new company that will develop and sell electric vehicles, as the Japanese tech and electronics giant leaps into the rapidly growing sector.

Sony and Honda plan electric vehicle joint firm

Sony is teaming up with automaker Honda to start a new company that will develop and sell electric vehicles, the electronics giant said Friday, its latest step into the rapidly growing sector.

Sri Lanka hikes rates as economy risks collapse

Sri Lanka's central bank hiked interest rates by one percentage point on Friday and urged the government to increase taxes as the country skirts economic collapse.

Stromae is back and ready for world domination

Stromae's mix of dancey beats, quirky style and hard-edged rap lyrics took him to the top of the charts in more than a dozen countries in the mid-2010s.

Tesla awaits green light to start production at German plant

After a series of administrative delays, US electric car pioneer Tesla is on the verge of receiving the go-ahead from German authorities on Friday to begin production at its "giga-factory" outside Berlin.

Russians pack trains into Finland as sanctions bite

It's one of the few remaining routes from Russia to the EU: trains to Finland are packed with Russians fearful that now is their last chance to escape the impact of Western sanctions.

Russian forces attack Ukrainian nuclear plant, blaze extinguished

Russian troops attacked Europe's largest nuclear power plant on Friday, setting part of the Ukrainian facility ablaze in an assault the country's leader branded "nuclear terror" and said could endanger the continent.

Melinda French Gates criticizes ex-husband Bill for Epstein meetings

Melinda French Gates on Thursday criticized her ex-husband Bill Gates for having met multiple times with Jeffrey Epstein, the financier accused of child sex crimes who committed suicide in 2019 while awaiting trial.

Fire at Ukrainian nuclear plant after Russian forces attack

Russian troops attacked Europe's largest nuclear plant on Friday, starting a fire at the Ukrainian facility, with the country's leader accusing Moscow of "nuclear terror".

Step aside football: gaming new rage in Brazil favelas

Ask Brazilian teen Yan Araujo who his idols are, and he doesn't hesitate. Not Neymar. Not Vinicius Junior. "Nobru and Cerol," he says -- superstars of the booming gamer scene in Brazil's favelas.

Arizona Tribune - Economy (English)