The Fort Worth Press

Five dead, 22 hurt in attack on Turkey defence firm

Five people were killed and 22 others wounded in an attack on a top Turkish defence firm near Ankara that the government said was "very likely" carried out by Kurdish militants.

US businesses 'hesitant' before 2024 elections: Federal Reserve

Uncertainty about the upcoming US elections had cooled economic activity across the country, the Federal Reserve said Wednesday, noting that many businesses and consumers were pausing major decisions until after Election Day.

Bolivian transport workers strike over fuel shortages

Bolivian transport workers began a 24-hour strike in La Paz on Wednesday to protest President Luis Arce's handling of crippling fuel shortages, deepening the turmoil in the capital.

Attack kills 4, injures 14 at Turkey defence firm

Four people were killed and 14 others wounded Wednesday in an attack on the headquarters of a top Turkish defence firm near Ankara, Turkish officials said.

Destitute Gazans cold 'every night' as winter approaches

As temperatures fall in Gaza, displaced Palestinians living in makeshift shelters with little food or warm clothes fear the approaching winter, the second since the war began.

BHP denies responsibility for 2015 Brazil mine disaster at London trial

Australian mining giant BHP on Wednesday denied responsibility for a 2015 dam collapse in Brazil, one of the country's worst environmental disasters, as it opened its defence at the High Court in London.

Lagarde says ECB should be careful with rise in emerging currencies

The European Central Bank should keep a close eye on the rise in emerging currencies like the Chinese yuan, its President Christine Lagarde said Wednesday at an event in Washington.

US existing home sales slip in September to near 14-year low

Sales of previously owned US homes slowed to their lowest rate in nearly 14 years last month, according to industry data released Wednesday, despite cooler mortgage rates.

Bank of Canada cuts rates, says fight against inflation 'worked'

Canada's central bank cut its key interest rate by half a point Wednesday, reducing it to 3.75 percent and offering borrowers further relief as it claimed the battle against inflation had proven successful.

Boeing reports $6.2 bn loss as it awaits vote on end to strike

Boeing reported a whopping $6.2 billion quarterly loss Wednesday as a nearly six-week labor strike weighed on its commercial plane division and costly problems dragged down its defense and space business.

China should use fiscal policy to boost growth: IMF

The Chinese government should use its tax-and-spend policies to help boost flagging economic growth, a senior IMF official told AFP ahead of key meetings this week in Washington.

Boeing reports $6.2 bn loss on strike, defense contract woes

Boeing reported a whopping $6.2 billion quarterly loss Wednesday as a nearly six-week labor strike weighed on its commercial plane division and costly problems dragged down its defense and space business.

Germany's Scholz heads to India despite differences on Russia

German Chancellor Olaf Scholz will visit India from Friday to discuss economic, defence and labour ties and navigate more sensitive issues such as relations with Russia amid the Ukraine war.

Don't let tech gurus decide the future: Nobel winner Simon Johnson

Should our future by decided by the bosses of big tech firms? For Nobel economics prize winner Simon Johnson, giving too much power to a handful of billionaires will come at the expense of public interest.

Palestinian seeds join Arctic 'doomsday vault'

A "doomsday vault" in the Arctic designed to safeguard the world's plant diversity has received a new deposit of thousands of seed samples, including Palestinian ones amid war and hunger in Gaza, it said on Wednesday.

Stock markets mixed, oil prices drop

European and Asian stock markets traded mixed Wednesday and oil prices retreated as investors focused on company earnings and the outlook for the US and Chinese economies.

Volvo Cars cuts sales forecast on market headwinds

Sweden's Volvo Cars on Wednesday drastically cut its sales forecast for the year, saying car markets in China, Europe and the United States are "increasingly under pressure."

Deutsche Bank profits boosted by legal settlements

Germany's biggest lender Deutsche Bank on Wednesday reported a sharp jump in third-quarter profits, boosted by the settlement of investor lawsuits related to a troubled takeover.

Troubled Boeing faces investors and awaits strike vote

Boeing will be under a spotlight Wednesday as the beleaguered aviation giant announces what is expected to be its biggest quarterly loss in four years, and striking employees vote on whether to end a costly weeks-long stoppage.

Tokyo Metro shares rocket on debut

Shares in Tokyo Metro, one of the world's busiest subways, soared almost 50 percent on its debut Wednesday after its government owners raised $2.3 billion in Japan's biggest initial public offering in six years.

Israel says killed Nasrallah's apparent successor in Beirut strike

Israel's army said it had killed the cleric tipped to succeed slain Hezbollah leader Hassan Nasrallah in an air strike on Beirut three weeks ago that targeted commanders of the Iran-backed militant group.

Tokyo Metro: Asia's oldest subway goes public

Every day six and a half million people ride Tokyo Metro's nine lines, part of a dizzyingly complex transport network serving the Japanese megacity and its sprawling suburbs.

Asian markets mixed as rate cut bets are trimmed; US vote in focus

Asian equities diverged Wednesday after another unremarkable day on Wall Street, where rising bond yields and comments from Federal Reserve officials dampened expectations for US interest rate cuts.

ABBA's Bjorn among 11,000 artists issuing AI warning

Thousands of artists including ABBA singer Bjorn Ulvaeus, Hollywood actress Julianne Moore and Nobel laureate Kazuo Ishiguro have signed a statement warning about the unlicensed use of artificial intelligence.

US regulator finalizes air taxi rules

US regulators on Tuesday finalized regulations for "powered lift" vehicles, opening the door for commercial air taxis.

Uganda fuel truck explosion kills 11

A fuel truck ran out of control and exploded into flames near the Ugandan capital on Tuesday, killing 11 people, including two minors, police said.

Union sees 'tight' vote on contract to end Boeing strike

Union leaders expect a close vote when 3,000 Boeing hourly workers weigh a sweetened contract offer that could end an almost six-week strike, the union's chief said Tuesday.

US plans to contribute $20 bn for Ukraine loan: Yellen

The United States plans to contribute $20 billion to a G7 loan package for Ukraine and could soon announce new sanctions targeting Russian weapons procurement, Treasury Secretary Janet Yellen said Tuesday.

US interest rate, election uncertainty hit stock market sentiment

European and US stock markets dipped on Tuesday, as traders sought to ascertain the outlook for US interest rates ahead of the presidential election.

Strong auto prices lift GM results as it eyes China revamp

General Motors reported strong earnings Tuesday on robust pricing as the Detroit giant said it was hopeful about returning to profitability in China and reiterated a flexible approach to EV investment.

UN eyes modest 2024 maritime trade growth, but future uncertain

Maritime trade should show modest growth this year, the UN said Tuesday, warning though that the geopolitical tensions, climate impacts and conflicts shaking global trade are threatening the functioning of maritime supply chains.

70% of Cuba's population has power back after blackout

Seventy percent of Cuba's population now has power, four days after a nationwide blackout triggered by the collapse of the island's largest power plant, and as the country recovers from Hurricane Oscar, the government said Tuesday.

The Fort Worth Press - Economy (English)

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