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TotalEnergies profit hits record on high oil prices

French oil and gas giant TotalEnergies said Thursday that its net profit hit a new record in the third quarter as the war in the Middle East pushed up hydrocarbon prices.

Taiwan says Pakistan briefly closed airspace to Taiwanese flights

Pakistan briefly closed its airspace to Taiwanese cargo and passenger flights, Taiwan said on Thursday, suspecting China of being behind the unprecedented move.

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France, Germany stall eurozone growth in fourth quarter

Eurozone growth slowed to a halt in the fourth quarter last year, dragged by contractions in major powers Germany and France which were held back by economic headwinds and political instability.

DR Congo leader vows 'vigorous' response as Rwanda-backed fighters advance

DR Congo's president has vowed a "vigorous" military response against Rwandan-backed fighters who have advanced further in the mineral-rich east of the country after seizing most of the region's main city.

European stock markets rise before ECB rate call

European stock markets rose and the euro dipped Thursday, with the European Central Bank expected to cut interest rates as inflation eases and the eurozone economy stalls.

Bodies pulled from Washington river after plane collides with helicopter

A passenger jet carrying 64 people crashed into Washington's Potomac River Wednesday after colliding midair with a military helicopter, with US media reporting multiple bodies pulled from the dark, near-freezing water.

Dubai airport sees record 92.3 million passengers in 2024

A record 92.3 million passengers travelled through Dubai's international airport last year, its operator said on Thursday, underlining the Gulf city's economic boom.

Shell annual profit drops to $16 bn as oil prices fall

British energy giant Shell on Thursday announced a 17-percent drop in annual net profit owing to weaker oil and gas prices as well as asset write-offs.

UK car sector fears for Trump tariffs as output falls

Britain's vehicle production slid below one million units last year as the sector transitions to electric cars, an industry body said Thursday as it warned over US President Donald Trump's tariff threats.

French economy shrinks as political crisis eclipses Olympic boost

The French economy grew 1.1 percent in 2024 but shrank in the fourth quarter as a political crisis gripped the country after a boost from the Paris Olympic Games, official data showed Thursday.

Plane carrying 64 collides with helicopter, crashes in Washington

A US passenger jet carrying 64 people crashed into Washington's Potomac River after colliding midair with a military helicopter on a nighttime training exercise Wednesday, prompting a desperate search for survivors in the dark, near-freezing water.

DR Congo leader says troops mounting 'vigorous' response to M23

DR Congo President Felix Tshisekedi insisted his troops were mounting a "vigorous" response to Rwanda-backed fighters advancing in the country's perennially troubled east and slammed the international community's "silence and inaction".

EU holds auto talks to revive embattled car sector

EU talks to relaunch Europe's embattled car industry are to get underway on Thursday, with automotive CEOs awaited in Brussels to discuss fines and competition from China.

Plane carrying more than 60 collides with helicopter, crashes in Washington

A US passenger plane carrying 64 people crashed into Washington's chilly Potomac River on Wednesday after colliding mid-air with a military helicopter near Reagan National Airport, prompting a major emergency response and the grounding of all flights.

ECB to look past Trump risk and push on with rate cuts

Despite US President Donald Trump's sabre-rattling, the European Central Bank is set to press on with interest rate cuts Thursday as officials increasingly voice confidence that the fight against inflation is on track.

Passenger plane collides with helicopter near Washington airport

A passenger jet from Kansas crashed into Washington's Potomac River after colliding mid-air with a military helicopter near Reagan National Airport, officials said Wednesday, prompting a major emergency response and grounding all flights.

Tesla results miss estimates as company projects 2025 auto volume growth

Tesla reported lower than expected profits Wednesday but confirmed key 2025 benchmarks, saying it will return to sales volume growth and move forward with fully autonomous driving.

Meta posts big profit, aims to take AI lead

Social media giant Meta on Wednesday reported surging profits and revenue for 2024, announcing ambitious plans to expand its artificial intelligence infrastructure in the year ahead.

Brazil central bank hikes interest rate as Lula's woes mount

Brazil's central bank on Wednesday hiked its key interest rate to 13.25 percent in more bad news for leftist President Luiz Inacio Lula da Silva's government, which is struggling to curb high inflation.

Global stocks mixed as market awaits ECB decision

Equity markets were mixed Wednesday as attention turned away from tech stocks to the outlook for monetary policy, with the Federal Reserve holding steady on interest rates ahead of an ECB decision.

Tesla results miss estimates, citing lower vehicle prices

Tesla reported lower than expected profits Wednesday, citing declining vehicle prices as a factor as it projected a return to volume growth in 2025.

US Fed pauses rate cuts, will 'wait and see' on Trump policies

The US Federal Reserve left its key lending rate unchanged Wednesday and adopted a patient "wait and see" approach to Donald Trump's economic policies, in the first decision since his return to the White House.

Rwanda-backed fighters advance into DR Congo after mostly seizing city

Rwanda-backed fighters advanced on a second front in their lightning offensive across eastern DR Congo on Wednesday after seizing control of most of the key city of Goma during heavy fighting with the Congolese military.

US Fed pauses rate cuts, resisting Trump pressure

The US Federal Reserve left its key lending rate unchanged Wednesday, resisting pressure from President Donald Trump to continue with cuts in the first rate decision since his return to office.

Germany's far-right 'firewall' crumbles as migration debate flares

Weeks before Germany's elections, a heated immigration debate inflamed by a deadly knife attack sparked a political earthquake Wednesday when conservative parties for the first time cooperated with the far-right AfD.

With China's DeepSeek, US tech fears red threat

The emergence of the DeepSeek chatbot has sent Silicon Valley into a frenzy, with calls to go faster on advancing artificial intelligence and beat communist-led China before it is too late.

Immigration 'flooding' remark row piles pressure on French PM

Prime Minister Francois Bayrou was at risk on Wednesday of losing the little tacit opposition support he relies on in parliament after suggesting that immigrants were "flooding" France.

Frenchman on trial for killing ex-partner after years of alleged abuse

A Frenchman went on trial Wednesday accused of stabbing to death his former partner, who had filed repeated complaints with authorities over years of abuse and warned that she could end up being killed.

Maison Margiela names new director during Paris Haute Couture Week

Belgian designer Glenn Martens was unveiled Wednesday as the successor to John Galliano as creative director of French fashion house Maison Margiela on a busy day of Haute Couture Week in Paris.

German industry sounds alarm as government cuts growth forecast

The German government on Wednesday slashed its growth forecasts for 2025 as industry leaders sent dire warnings over the country's economic health and staged nationwide protests to urge reforms.

Rwanda-backed group controls most of DRC city as mediator urges talks

Rwanda-backed fighters controlled almost all of the DR Congo city of Goma Wednesday where residents were re-emerging after days of deadly fighting and Angola urged leaders of both countries to urgently hold peace talks.

Immigration row piles pressure on French PM after 'flooding' remark

Prime Minister Francois Bayrou was at risk Wednesday of losing the little tacit opposition support he relies on in parliament after suggesting that immigrants were "flooding" France.

'Good news': Dutch chip giant ASML welcomes DeepSeek

The head of Dutch giant ASML, which makes chip-making machines that power the tech industry, Wednesday welcomed the emergence of China's low-cost AI firm DeepSeek and predicted others would disrupt the sector.

Stocks firm after tech rout; dollar steady before Fed rate call

Stock markets mostly rose Wednesday, tracking a rally on Wall Street, where tech titans led by Nvidia recovered some of their hefty losses thanks to easing worries over Chinese artificial intelligence startup DeepSeek.

The Fort Worth Press - Economy (English)