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Asia stocks rise on AI, US-China trade talks optimism

Asian stock markets mostly rose on Monday morning, boosted by global demand for artificial intelligence technology and positive signals from trade talks over the weekend between Chinese and US officials.

US seeks 'AI dialogue' with China as officials set stage for Trump-Xi summit

US and Chinese economic officials discussed creating a communication channel for AI concerns at meetings Sunday as they set the stage for a summit of the countries' top leaders this week.

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Pope apologizes for 'evil' of Indigenous abuse in Canada

Pope Francis on Monday apologized for the "evil" inflicted on the Indigenous peoples of Canada on the first day of a visit focused on addressing decades of abuse at Catholic-run residential schools.

Seaweed onslaught disrupts S.Leone fishing and tourism

A mass of brown seaweed has for weeks choked the coastline of Sierra Leone's capital Freetown, damaging fishing gear and disrupting tourism in a country otherwise known for its white-sand beaches.

Panama govt, protesters edge closer in talks to end road closures

The Panamanian government and protesters edged closer Monday to an agreement to end a weeks-long living cost revolt that has blocked roads, interrupted food supplies and damaged the economy.

Stock markets drift lower as traders prepare for big week

Equity markets in Asia and Europe slipped Monday at the start of a key week for equities as the Federal Reserve prepares to lift interest rates again and some of the world's biggest companies report earnings.

Indonesia foot and mouth outbreak prompts NZ, Australia restrictions

Prime Minister Jacinda Ardern warned an outbreak of foot-and-mouth disease in Indonesia could cost thousands of New Zealand jobs, as her nation and neighbouring Australia stepped up border biosecurity restrictions.

The centuries-old mines stirring Japan-South Korea tensions

Under a split-top mountain on the Japanese island of Sado lies a network of centuries-old mines that have sparked a new diplomatic row with South Korea.

Call for max working temperature cap after EU heatwave deaths

Trade unions called Monday for the European Commission to impose maximum temperature limits for outdoor workers, after three people died while on shift in Madrid during last week's withering heatwave.

Yep, 'Nope' rules at N.America box office

Universal's new horror flick "Nope" opened atop the North American box office, hammering the latest edition of Marvel's "Thor" franchise to earn an estimated $44 million, industry watcher Exhibitor Relations reported Sunday.

Over 1,000 migrants arrive in Italy amid election campaign

More than a thousand migrants arrived in Italy within a few hours while hundreds of others, rescued by humanitarian vessels, were waiting for a port to receive them, NGOs and authorities said Sunday.

Cricket Australia sells India broadcast rights to Disney

Australian cricket chiefs said Sunday they had agreed to sell broadcasting rights in India to Disney Star in a seven-year deal reportedly worth hundreds of millions of dollars.

Philippine bakeries shrink 'poor man's bread' as inflation bites

As the war in Ukraine pushes up wheat prices and a weaker peso raises the cost of imported edible oil, many Philippine bakers are shrinking the size of a popular breakfast roll to cope with higher inflation.

Why is the world worried about China's property crisis?

China's troubled property sector suffered another blow this month when frustrated homebuyers stopped making mortgage payments on units in unfinished projects.

Egypt's small farms play big role but struggle to survive

Egyptian smallholders grow nearly half of the country's crops, a lifeline role increasingly important after grain imports were stalled by war in Ukraine -- but they are struggling to survive.

Turf wars stall Ireland's green agenda

In the aftermath of the hottest day in Ireland for more than 130 years this week, small family groups picked their way across the Bog of Allen in the country's midlands collecting sun-dried turf.

Pope's Canada trip to make amends for Indigenous school scandal

Pope Francis heads to Canada on Sunday for a chance to personally apologise to Indigenous survivors of abuse committed over a span of decades at residential schools run by the Catholic Church.

Fed set for another big rate hike with economy on knife's edge

US central bankers face an increasingly difficult balancing act as they struggle to douse scorching inflation while still keeping the economy growing, though they have made it clear they are willing to risk a recession.

UK's Truss urges French action as Dover delays snarl British summer getaway

British Foreign Secretary Liz Truss on Friday urged Paris to act to ease "unacceptable" delays at the English Channel port Dover, where officials blamed French border force understaffing for "ruining" summer getaways with hours-long queues.

Volkswagen to change CEO and style with departure of Diess

Volkswagen unexpectedly announced Friday that its CEO Herbert Diess will step down in a few weeks after four years at the head of the German auto giant as it attempts an ambitious shift towards electric vehicles.

EU launches new legal moves against UK over N. Ireland

The European Commission on Friday launched four new legal proceedings against Britain over London's failure to implement Brexit divorce terms to govern trade with Northern Ireland.

Czechs start razing pig farm built over WWII Roma camp

The demolition of a sprawling pig farm, built on the site of a wartime concentration camp for the Roma minority south of Prague, got underway on Friday following decades of controversy.

New customers: in occupied Ukraine, grain is sold to Russia

In an east Ukrainian village under Russian control, farm manager Viktor Molotok is surrounded by several tonnes of grain, piled up around him in mounds.

European stocks back in black, but euro under pressure

European stocks pushed back into positive territory but Wall Street traded lower on Friday at the end of a choppy week, while Snap shares fell off a cliff after reporting bleak quarterly results.

Twitter says Musk 'uncertainty' hurting revenue

Twitter blamed disappointing results Friday on "headwinds", including the uncertainty that Elon Musk's chaotic buyout bid has imposed on the company.

Snap plunges 35% after results as US stocks open mixed

Snap shares sank more than 30 percent early Friday following disappointing results as US stocks were mixed in the final session of a positive trading week.

Scholz tackles energy fears as Germany bails out gas giant

Chancellor Olaf Scholz promised to shield Germans from surging energy costs on Friday as the government agreed a rescue package for key gas company Uniper, which has been brought down by market turmoil from the war in Ukraine.

France's hung parliament passes 20-bn-euro inflation package

France's divided parliament on Friday passed its first major piece of legislation since elections last month, greenlighting a 20-billion-euro ($20-billion) package to help low-income families struggling with inflation.

Proud Sri Lanka athletes defy crisis to fulfil Games dreams

Sri Lankan badminton champion Niluka Karunaratne heads to England next week to cap his Commonwealth Games career where it began -- a swansong almost derailed by his bankrupt country's bruising economic crisis.

'Work to be done': aviation still overwhelmingly male

Rebecca Lutte regularly takes to the skies behind the controls of her RV-10 kit plane.

'Life after is more important': A child of Japan's baby hatch

Inside Koichi Miyatsu's blue, child-sized backpack are neatly folded cartoon-print sweatshirts and a pair of white sneakers -- all he has from before he was left at Japan's only "baby hatch".

Paris Olympics face tough hurdles with two years to go

As he left the Tokyo Olympics last August, Tony Estanguet, head of the Paris 2024 organising committee, told AFP he was "prepared to run a marathon at 100-metre speed."

Tunisia to vote on constitution seen as threat to democracy

Tunisians will vote Monday on a constitution that would give President Kais Saied almost unchecked powers, a key moment in his plan to overhaul the political system in the birthplace of the Arab Spring.

US airlines post profits, but struggle to boost capacity

Strong travel demand has enabled the biggest US airlines to return to profitability, but efforts to restore capacity back to pre-pandemic levels face manpower and cost challenges.

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Arizona Tribune - Economy (English)