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US Fed holds interest rates steady despite 'too high' inflation

The US Federal Reserve on Wednesday held interest rates steady, even as its Chairman Kevin Warsh said inflation remained "too high" but insisted that politics played no part in the central bank's decision not to continue raising rates days before crucial midterm elections.

Pioneering US labor leader Dolores Huerta dies at 96

Dolores Huerta, the US labor leader and civil rights icon whose union work changed the lives of migrant workers, has died, her family said Wednesday. She was 96.

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EU vows to slash red tape but stick to climate goals

The EU on Wednesday proposed paring back its environmental rules to give businesses breathing room faced with US and Chinese competition -- while still vowing to decarbonise Europe's economy.

France court orders retrial of Chilean over alleged murder of ex-girlfriend

France's top court on Wednesday ordered a retrial of a Chilean accused of killing his Japanese ex-girlfriend in the eastern city of Besancon in 2016, ruling that investigators had withheld evidence from his defence team.

Dreadlocks and downward dogs: Oslo's new bishop takes unorthodox approach

The day before she was ordained the Bishop of Oslo in the presence of Norway's king, Sunniva Gylver stretched out barefoot in front of the altar, leading a service that combined liturgy and yoga exercises.

Indonesia agrees deal with Apple that could end iPhone sales ban

Indonesia has struck a deal with Apple for the tech giant to invest in the country, its industry minister and the company said Wednesday, in a move that could end a ban on iPhone 16 sales in Southeast Asia's biggest economy.

Global stability threatened by backslide in cooperation: S.Africa

The erosion of multilateralism threatens global growth and stability, President Cyril Ramaphosa warned Wednesday at a G20 finance meeting in South Africa marked by the absence of the US treasury secretary.

BP ditches climate targets in pivot back to oil and gas

British energy giant BP launched a major pivot back to its more profitable oil and gas business Wednesday, shelving its once industry-leading targets on reducing carbon emissions and slashing clean energy investment.

EU seeks to balance business needs, climate goals

The EU on Wednesday unveiled a push to "simplify" its environmental rules to give businesses breathing room faced with competition from the United States and China -- while still vowing to decarbonise Europe's economy.

Stock markets rally with tech in focus

Asian and European stock markets rallied Wednesday, helped by renewed positivity over the tech sector, analysts said.

BP to up oil and gas output, slash clean energy spend in overhaul

BP plans to increase production of its more profitable oil and gas business and slash investment in cleaner energy, the British energy giant announced Wednesday to the dismay of environmentalists.

Los Angeles wildfires costliest in history: Munich Re

German reinsurance giant Munich Re said Wednesday that last month's huge wildfires in Los Angeles had been the costliest "in the history of the insurance industry".

AB InBev posts record sales in 2024 despite beer volumes slipping

AB InBev, the world's leading brewer whose portfolio includes Budweiser, Corona and Stella Artois, said revenue hit a record level in 2024 although beer volumes slid.

Aston Martin cuts jobs as weak China demand weighs

Aston Martin Lagonda announced Wednesday it would cut about five percent of its workforce as weak Chinese demand contributed to losses widening at the luxury car group last year.

Stellantis says 2024 profits fall 70% on N. America troubles

The Stellantis car giant -- which includes Fiat, Chrysler, Jeep and Peugeot -- on Wednesday reported a 70 percent fall in 2024 profits against the previous year because of troubles in North America.

'Joyful' South Koreans hope rising births will continue

South Koreans rejoiced Wednesday at news that the number of births had risen for the first time in about a decade -- a rare bright spot for a country facing a deepening demographic decline.

Indonesia agrees deal with Apple that could end iPhone sales ban: reports

Indonesia has struck a deal with Apple for the tech giant to invest in the country, local media reported a minister as saying Wednesday, in a move that could end a ban on iPhone 16 sales in Southeast Asia's biggest economy.

Tech surge helps Hong Kong lead most Asian markets higher

Hong Kong stocks resumed their impressive start to the year on Wednesday as they rocketed more than three percent on the back of a surge in tech firms fuelled by fresh optimism over the sector in China.

Hong Kong to slash public spending, build AI institute

Hong Kong will cut public spending and restore fiscal balance by mid-2027 after a string of huge deficits, the city's finance chief said Wednesday as he unveiled growth plans including an artificial intelligence institute.

Most Asian markets rebound as Hong Kong tech rally resumes

Asian markets mostly rose on Wednesday after a poor start to the week, with Hong Kong boosted by a rebound in tech firms that had taken a hit from US moves to curb Chinese investments in the country.

Under pressure, EU to take axe to green rules

The EU is expected to roll back a slew of environmental rules on Wednesday as it charges ahead with a deregulation drive in a bid to keep up with the United States and China.

BP to unveil strategy shakeup amid energy transition

British energy giant BP is set Wednesday to announce a shakeup to its strategy after a difficult trading year and as countries transition to cleaner energy.

Leading rare earths miner sees profits fall as prices sag

One of the world's largest rare earths producers outside China reported slumping net profits Wednesday, pointing to a "challenging" market for the hard-to-source metals used in renewable energy technologies.

Gladstone Investment Corporation Expands its Investment in Pyrotek Special Effects via the Acquisition of Unique Pyrotechnic

MCLEAN, VA / ACCESS Newswire / February 26, 2025 / Gladstone Investment Corporation (Nasdaq:GAIN) ("Gladstone Investment") continued its support of portfolio company Pyrotek Special Effects, Inc. ("Pyrotek") through providing additional capital to support the acquisition of Unique Pyrotechnic ("Unique").

Swiss Resource Capital AG Welcomes Southern Cross Gold Consolidated Ltd

HERISAU, SWITZERLAND / ACCESS Newswire / February 26, 2025 / Swiss Resource Capital AG is pleased to welcome Southern Cross Gold Consolidated Ltd (ASX:SX2)(TSXV:SXGC) (ISIN: CA8426851090) as a client.

Monogram Technologies Provides Regulatory Update on mBôs TKA System and Clinical Trial Preparation in India

Company has Completed all Supplemental Testing and has Submitted its Formal Response to the FDA's Additional Information Request (AIR)Investigator Meeting and Clinical Trial Training Held at the Shalby Hospital in Ahmedabad, India

Liberty Supports Shifting Consumer Trends With Personal Loan Solutions

As consumers start to prioritize lifestyle investments, Liberty offers personal loan solutions to help them access the funds they need sooner.

Oliva Capital Announces the Management Buyout of VoIP.ms, Reinforcing Its Commitment to Growth, and Welcomes Fondaction as a Shareholder

Oliva Capital, in partnership with Fondaction, announces the management buyout of VoIP.ms, an innovative company in the field of voice over IP (VoIP) telecommunication services. This transaction marks a significant strategic milestone for VoIP.ms, enabling it to accelerate its growth plan and expand awareness of its offering. The company provides businesses and individuals with cost-effective telecommunications services through digital technology.

EON Resources Inc. Announces Completion of Preliminary Assessment Which Could Potentially Yield Up to 20 Million Untapped Barrels of Oil via Horizonal Drilling in the Lower Intervals of the San Andres Formation

HOUSTON, TX / ACCESS Newswire / February 26, 2025 / EON Resources Inc. (NYSE American:EONR) ("EON" or the "Company"), an independent upstream energy company with oil and gas properties in the Permian Basin, announced today that it has completed a "preliminary assessment" of the horizontal potential of the lower San Andres (Jackson and Slaughter) reservoirs in the Grayburg-Jackson Field that it operates in Eddy County, New Mexico.

Tesla sinks below $1 tn market value as European auto sales slump

Shares of the US electric vehicle pioneer Tesla plunged Tuesday, leaving its market value below $1 trillion as investors digested disappointing European sales and chief executive Elon Musk's aggressive foray into politics.

Japan's ANA to purchase mega-order of 77 new jets

Japan's biggest airline ANA Holdings announced Tuesday it will purchase 77 new aircraft from Boeing, Airbus and Embraer to replenish its fleet in order to serve growing passenger demand domestically and internationally.

US hardens visa sanctions over Cuba medical program

The United States on Tuesday expanded visa restrictions over Cuba's dispatch of doctors overseas, a program Havana sees as a source of influence and revenue but which has long faced accusations of exploitation.

'A normal family', says son of surgeon in French sex abuse trial

The youngest son of Joel Le Scouarnec, 74, a former surgeon on trial for the alleged assault or rape of 299 patients, told the court Tuesday that he remembered growing up in a "normal family" but in which some things were left "unsaid".

Stocks slide as US consumer confidence tumbles, tech slumps

Global stock indices slid on Tuesday after data showed US consumer confidence slumped, while US tech stocks took a further beating.

The Fort Worth Press - Economy (English)