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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.

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Buoyed by past success, new CEO Kelly Ortberg will try to turn Boeing around

Aviation experts and analysts have been full of praise for Kelly Ortberg, who returns from early retirement Thursday to take up the challenge of turning Boeing around after a series of quality and financial issues.

Warner Bros. Discovery stock plunges on $10 bn quarterly loss

Warner Bros. Discovery's share price plunged more than 10 percent after-hours on Wednesday after it reported a quarterly loss of almost $10 billion.

Anti-racism, pro-Palestinian protesters unite at London rally

As the advertised evening meet-up time for a rumoured far-right rally approached in northeast London, a crowd of several thousand anti-racism and pro-Palestinian protesters let out a cheer and clapped.

Anti-racism protesters out in force as UK police gird for far-right unrest

Thousands of anti-racism protesters took to the streets in several English cities on Wednesday to oppose days of far-right violence that have UK police on high alert.

Lauryn Hill and the Fugees cancel US tour dates

Rapper Ms. Lauryn Hill canceled the first leg of her US tour, a reunion with the Fugees, ticketing giant Ticketmaster said on Wednesday without saying why.

Chile's largest steelmaker suspends production, blames China

Chile's largest steel plant announced on Wednesday that it had suspended operations because it could not sustain itself financially, despite new tariffs on Chinese steel meant to protect local production.

Stocks extend recovery, yen slides as BOJ reassures on rates

Global stocks recovered further and the Japanese yen slid against the dollar on Wednesday as the Bank of Japan issued a dovish signal it will not hike interest rates further amidst market volatility.

Chinese woman loses appeal for right to freeze her eggs

An unmarried Chinese woman said Wednesday she had lost a final court appeal for the right to freeze her eggs, a procedure only available in China to married women.

Dutch PM risks early ejection from fire hazard office

Dick Schoof only became the Netherlands' prime minister last month, but he may soon already be shown the door -- of his fire-hazard office in The Hague.

Stocks extend recovery, yen slides as doves fly

Global stocks recovered further and the Japanese yen slid against the dollar on Wednesday as the Bank of Japan issued a dovish signal it will not hike interest rates amidst market volatility.

Disney beats quarterly revenue estimates, turns streaming profit

Disney reported Wednesday better revenues than anticipated in the most recent quarter, atop a first profit in its streaming business, while its theme parks came under pressure.

Expect more product placement at Olympics, says IOC

The Olympics is set to feature more and more high-profile product placement in a major departure from the past when brands were kept away from the sport, the International Olympic Committee (IOC) said Wednesday.

Stocks extend recovery, yen slides as volatility grips markets

European and Asian stocks recovered further and the Japanese yen slid against the dollar on Wednesday with markets volatility taking centre stage.

Hong Kong's Cathay unveils deal to buy up to 60 aircraft

Hong Kong carrier Cathay Pacific said Wednesday it would buy up to 60 Airbus A330-900 aircraft as it looks to build on a post-Covid recovery and reach pre-pandemic passenger numbers in the new year.

Music and gaming help Sony hike net profit forecast

Sony raised its annual net profit forecast on Wednesday after a solid performance in the first quarter, predicting strong sales in video games and music, as well as image sensors used in iPhones.

Equities extend recovery, yen weakens as some calm returns

Stocks rose again Wednesday as some stability returned after a volatile start to the week, while the yen weakened further after the Bank of Japan looked to ease worries about more interest rate hikes.

Sony hikes annual net profit forecast after solid Q1

Sony raised its full-year net profit forecast on Wednesday after a solid performance in the first quarter, predicting strong sales in its video game, music and image sensor sectors.

Asian stocks extend recovery, yen weakens as some calm returns

Asian stocks rose again Wednesday as some stability returned after a volatile start to the week, though Tokyo saw more big swings and the yen weakened further as analysts warned more upheaval could be in store.

After AI, quantum computing eyes its 'Sputnik' moment

Quantum computing promises society-changing breakthroughs in drug development and tackling climate change, and on an unassuming English high street, the race to unleash the latest tech revolution is gathering pace.

Elon Musk's X sues advertisers over boycott

Elon Musk's X sued an advertising group and several large corporations on Tuesday accusing them of causing billions of dollars of losses by "illegally" boycotting the social media platform.

Stocks bounce back after rout but jitters remain

Wall Street stocks sought to rebound on Tuesday following a global rout fuelled by US recession fears, but analysts warned that market volatility is unlikely to be over.

Olympic sponsor Coca-Cola under scrutiny for widespread plastic use

The Paris Olympics organising committee said Tuesday it would meet its target to reduce single-use plastics by half compared to the 2012 London Games despite bottles by major sponsor Coca-Cola being widely used on its sites.

US trade gap narrows less than expected in June

The US trade deficit narrowed slightly less than analysts anticipated in June, according to government data released Tuesday, helped by an uptick in exports.

European stocks steady, Tokyo soars after rout

European stock markets steadied Tuesday after Asian indices enjoyed some rebounds from a global rout fuelled by US recession fears.

Saudi Aramco quarterly profit dips as output stays low

Saudi oil giant Aramco on Tuesday reported net profit of $29.07 billion in the second quarter, a slight drop from the same period last year as output remained subdued.

Mask festival brings 'buzz and beauty' to Benin's capital

Spectators poured into Benin's capital for a new festival celebrating traditional masks over the weekend as the West African country seeks to attract visitors and showcase its cultural heritage.

Tokyo's Nikkei index closes up 10.2% after previous day's record fall

Tokyo's key Nikkei index closed more than 10 percent higher Tuesday, bouncing back from a record selloff the previous day on worries over the US economy and a stronger yen.

Tokyo stocks surge after previous day's record fall

Tokyo stocks surged Tuesday following a record selloff the previous day that was fuelled by worries over the US economy and a stronger yen.

Tokyo stocks surge 8% after record fall

Tokyo stocks bounced back in early trade Tuesday following a historic selloff on worries over the US economy and a stronger yen.

Ugly day for global stocks across Wall Street, Europe, Nikkei

Global markets were a sea of red Monday, with Japan's Nikkei suffering an historic drop and New York falling hard in a pullback attributed to economic unease and fallout from recent monetary policy shifts.

Fed under pressure to cut rates as market turmoil continues

The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates swiftly and decisively, with some analysts now calling for it to make an emergency cut before its September rate decision.

Toulon rugby follows FFR in suspending Jaminet after racist comments

French rugby club Toulon said on Monday they had temporarily suspended full-back Melvyn Jaminet for making racist comments, in line with his 34-week ban from the French Rugby Federation (FFR).

The Fort Worth Press - Economy (English)