The Fort Worth Press

Featured

Tech firms take fresh hit as earnings misses fan AI fears

Tech firms were again on the back foot Friday after another round of disappointing earnings from Wall Street titans fanned already deep concerns about the AI investment boom.

Dodging fuel price hikes, Damascus drivers turn to electric cars

Taxi driver Mohammed Kanaan drives his shiny new electric car around Damascus's rundown streets, hoping for higher profits as spiking petrol prices made his old car too expensive to run.

Last news

Chinese tech giant Alibaba's quarterly profit shrinks 29 percent

Chinese e-commerce giant Alibaba reported a 29 percent fall in quarterly profit on Thursday as it battles sluggish consumption during an economic slowdown.

Stocks climb tracking inflation, growth data

Stock markets mostly rose Thursday, as easing US consumer inflation buoyed hopes that the Federal Reserve could announce a big interest-rate cut next month, weighing on the dollar.

Global stocks follow Wall Street climb

Markets in Asia and Europe mostly mirrored positive strides on Wall Street Thursday, as easing US consumer inflation buoyed hopes that a big interest rate cut was around the corner, and as economic growth in Japan outpaced expectations.

Bangladesh mob, vowing to 'guard revolution', beats ex-PM's supporters

Mobs vowing to guard Bangladesh's student-led revolution roamed the site of a planned rally for ousted premier Sheikh Hasina on Thursday, beating up some of her suspected supporters with bamboo rods and pipes.

North Korea tour operators hopeful ahead of country's reopening

A Beijing-based North Korea tour operator expressed hopes of fresh business on Thursday following an unexpected announcement that the country would reopen to foreign tourists this winter.

Bangladesh mob beats suspected supporters of ex-PM Hasina after rally call

A mob wielding bamboo rods and plastic pipes beat several suspected supporters of Sheikh Hasina on Thursday, vowing to quash a rumoured rally for the ousted Bangladesh premier outside her childhood home.

China's underwhelming data dampens hope of economic recovery

Chinese industrial production growth slowed in July while unemployment rose, official data showed Thursday, highlighting an uneven recovery in the world's second-largest economy despite recent government measures to try to stimulate expansion.

No bids as house of Myanmar's Suu Kyi auctioned again

The lakeside mansion where Myanmar democracy leader Aung San Suu Kyi spent years under house arrest was put up for auction for the second time on Thursday but once again attracted no bids, AFP reporters said.

Asian stocks follow Wall Street climb

Asian markets mostly mirrored positive strides on Wall Street in early trade Thursday, as easing US consumer inflation buoyed hopes that a big interest rate cut was around the corner and economic growth in Japan outpaced expectations.

Bangladeshi students on guard as exiled PM urges show of strength

Hundreds of Bangladeshi students wielding bamboo rods patrolled the site of a planned gathering Thursday of ousted premier Sheikh Hasina's supporters, vowing to quash any show of strength.

Paul Watson: eco-warrior on the high seas

Veteran anti-whaling campaigner Paul Watson, detained in Greenland pending an extradition request from Japan, has spent decades battling harpoonists and seal hunters in spectacular high seas confrontations.

Iran hackers target Harris and Trump campaigns: Google

Google on Tuesday confirmed that hackers backed by Iran are targeting the campaigns of US presidential rivals Kamala Harris and Donald Trump.

N. Korea finally reopening to international tourists: operator

North Korea will reopen to foreign tourism in December after nearly five years of Covid-triggered closure, two specialized tour operators said Wednesday.

Stocks advance as US inflation data raises rate cut hopes

Global stock markets mostly rose on Wednesday after data showing US consumer price inflation eased last month raised the prospect of a September interest rate cut.

US consumer inflation sees smallest annual rise since 2021

US consumer inflation eased slightly in July, according to government data published Wednesday, its smallest 12-month increase since March 2021 and a positive sign for the Federal Reserve as it weighs cutting interest rates.

Young and old charged over riots point to anger in UK society

Far from the madding crowd in a small court room in southern England, a 13-year girl held her mother's hand as she pleaded guilty to participating in Britain's worst riots in over a decade.

Mars to acquire Pringles maker Kellanova for nearly $36 bn

M&M's and Snickers maker Mars said Wednesday that it would acquire snack food business Kellanova, marking a multibillion dollar agreement set to result in a new industry giant.

Stock markets climb with focus on inflation

Stock markets mostly advanced Wednesday as attention switched to inflation data, notably in the United States, and the outlook for interest-rate cuts.

Foxconn net profit rises in second quarter on AI demand

Taiwanese tech giant Foxconn on Wednesday reported a six percent jump in net profit for the second quarter of the year, driven by strong growth in demand for artificial intelligence servers.

Three years after Taliban return, economic woes loom large

Despite three years of improved security following the end of the Taliban's insurgency, Afghanistan's economy remains stagnant and its population is in the grips of a worsening humanitarian crisis.

Workers strike at world's biggest copper mine in Chile

Workers at the world's largest copper mine in Chile are striking after pay talks with Australian resources giant BHP fell apart, casting a shadow of uncertainty Wednesday over the market for the commodity.

Seoul authorities find toxic substances in Shein and Temu products

Women's accessories sold by some of the world's most popular online shopping firms contained toxic substances sometimes hundreds of times above acceptable levels, authorities in Seoul said Wednesday.

Global stock markets climb as US producer inflation cools

Global stocks rose on Tuesday as slowing US producer inflation boosted hopes of interest rate cuts from the Federal Reserve.

Google launches new Pixel 9 phones as AI race heats up

Google on Tuesday unveiled new Pixel 9 smartphones, its latest salvo in the scramble by Big Tech to corner the market on nascent artificial intelligence.

SpaceX plans first manned mission over Earth's poles

SpaceX is aiming to break new barriers in polar exploration with the first manned space mission over the Earth's poles -- a private flight commanded by a crypto entrepreneur later this year, the company said Tuesday.

New Google Pixel 9 phones flaunt AI capabilities

Google on Tuesday unveiled new Pixel 9 smartphones packed with artificial intelligence features meant to compete with Apple's iPhone.

Starbucks names Chipotle boss Brian Niccol as new CEO

Starbucks said Tuesday that Brian Niccol, chief executive at Chipotle, would be the coffee chain's new CEO -- just over a year after current boss Laxman Narasimhan took over the role.

Olympic flag arrival kicks off 2028 'pressure' for Los Angeles

The Olympic flag arrived under bright skies Monday in Los Angeles, where officials now have four short years to organize a Games capable of rivaling the widely praised Paris edition in a notoriously traffic-clogged metropolis.

Asian stocks build on gains ahead of US inflation data

Asian stocks mostly rose again Tuesday as worries about a US recession that sent markets into turmoil last week eased ahead of key inflation data, while oil prices held gains on concerns about a broader war in the Middle East.

Stocks diverge as focus turns to US inflation data

Global stock markets diverged Monday as investors tried to move on from upheaval fuelled by US recession worries, with focus shifting to the week's release of American inflation figures and other key data.

Vienna Opera Ball stalwart Lugner dies aged 91

Austrian construction tycoon and socialite Richard Lugner, who made headlines for bringing the world's VIPs to Vienna's famous Opera Ball, has died aged 91, according to local media citing family sources.

How Gen Z women and the military transformed Bangladesh

Adored by her classmates and defiant even after police seized her, student Nusrat Tabassum is one of the many women who helped spearhead the movement that toppled autocratic ex-premier Sheikh Hasina.

The Fort Worth Press - Economy (English)