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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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Boston archbishop, ally of sex abuse victims, retires

US Cardinal Sean O'Malley, known for championing survivors of sexual abuse and pushing the Catholic Church to reform, is stepping down as the Archbishop of Boston, the Vatican announced Monday.

Turkish president slams social media 'fascism' amid Instagram battle

Turkish President Recep Tayyip Erdogan accused social media networks of "fascism" and censorship on Monday as his government blocked Instagram for a fourth day.

Stocks hammered as US data fans recession fears

Tokyo led a plunge across Asian and European stock markets Monday, after weak US jobs data fanned fears of a recession in the world's top economy and boosted bets on several Federal Reserve interest rate cuts.

German chip maker Infineon to cut 1,400 jobs

German chip maker Infineon said Monday it will slash 1,400 jobs and relocate 1,400 more due to a tough market environment, as it announced falling profits and downgraded its outlook.

TikTok, bowing to EU, withdraws rewards programme

TikTok will permanently remove a feature in a spinoff app in France and Spain that rewards users for watching and liking videos, bowing to pressure from European regulators, the EU and the Chinese-owned company said Monday.

Stocks hammered after US data fans recession fears

Tokyo led a collapse across Asian and European equities Monday, after weak US jobs data fanned fears of a recession in the world's top economy and boosted bets on several Federal Reserve interest rate cuts.

Indonesian growth slows in second quarter

Indonesia's economy grew more slowly in the second quarter of 2024 despite being supported by spending on religious holidays and increased household consumption, the country's statistics agency said on Monday.

Former England batsman Thorpe dies aged 55

Former England batsman and coach Graham Thorpe has died at the age of 55, the England and Wales Cricket Board (ECB) announced on Monday.

Greek islands and tourists search for 'balance' amid summer crush

When Frenchwoman Nadia Romon picked the island of Hydra for her Greek holiday, she was looking for "authenticity" far from the crowded summer circus.

Cambodia PM launches project linking Mekong river to sea via canal

Cambodia's Prime Minister Hun Manet on Monday launched a controversial $1.7 billion canal project that aims to provide a new link from the Mekong River to the sea.

Shah Rukh Khan to be honoured at Locarno Film Festival

Switzerland's Locarno Film Festival opens on Wednesday with Shah Rukh Khan, Jane Campion, Alfonso Cuaron and Irene Jacob set to be honoured with special awards.

Pope, plugging for books, reveals his love for tragedies

Pope Francis's bookish side emerged Sunday, after the Vatican published a letter in which the pontiff encourages young priests to read --- while revealing that he himself likes the great tragedies.

Foreign nationals told to leave Lebanon as war fears surge

Urgent calls for foreign nationals to leave Lebanon grew on Sunday with France warning of "a highly volatile" situation as Iran and its allies ready their response to high-profile killings blamed on Israel.

EV transition worries French car industry workers

As France faces a 2035 deadline to phase out new combustion engine cars, workers in the industry worry their days might be numbered too.

'I'm still here': Joan Chen plays thwarted immigrant mom in 'Didi'

Long before Joan Chen charmed Western audiences with seductive turns in "The Last Emperor" and "Twin Peaks" she was a child star in China, hand-picked for her debut movie role by Mao Zedong's wife.

French director accused of abusing underage actor to stand trial

A French magistrate has ordered film director Christophe Ruggia to stand trial on charges of sexually assaulting an actor when she was a minor, sources close to the case said on Saturday.

Far-right protesters clash with police as UK unrest spreads

Far-right protesters clashed with British police during tense rallies on Saturday as unrest linked to misinformation about a mass stabbing that killed three young girls spread across the UK.

'I want to inspire': Algeria's woman boxer fighting prejudices

Born in a poor village some 300 kilometres from Algiers, boxer Imane Khelif had to overcome obstacles in a conservative country where women are considered unfit for the sport.

Deep sea mining opponents suffer major setback

Opponents of deep sea mining suffered a serious setback Friday when they failed to take a first step toward an international moratorium on the controversial practice.

Stocks fall over US recession fears

Global stocks closed the week on a downcast note Friday after poor US jobs data stoked recession fears while Japan's Nikkei tumbled on a resurgent yen.

US lawsuit says TikTok violated young users' privacy

The United States sued TikTok on Friday, saying it had placed the safety of millions of children in jeopardy by collecting their personal data without parental permission.

US accuses TikTok of violating children's privacy

The United States in a lawsuit on Friday accused TikTok of violating children's privacy by collecting data about them without their parents' permission when they use the app.

US hiring slows markedly while unemployment highest since 2021

The US jobs market cooled much more than expected in July with unemployment reaching its highest rate since 2021, government data showed Friday, fueling calls for interest rate cuts as high levels bite.

Stocks sink over US recession fears

Stock markets tanked on Friday over fears the United States could be heading towards recession after data showed the US jobs market cooled much more than expected in July.

Gloves are off: explaining the Olympic boxing gender scandal

A scandal has engulfed the boxing at the Paris Olympics after an Algerian in the women's competition who previously failed a gender eligibility test stopped her opponent in 46 seconds.

US extends hiring cooldown while unemployment highest since 2021

The US jobs market cooled much more than expected in July with the unemployment rate reaching its highest since late 2021, government data showed Friday, paving the way towards post-pandemic interest rate cuts.

ExxonMobil profits up after Pioneer deal, Chevron earnings dip

US oil and gas giant ExxonMobil reported higher profits Friday as it pointed to the benefits of its acquisition of Pioneer Natural Resources, while earnings at rival Chevron dipped on lower refining results.

ExxonMobil profits up on higher output after Pioneer deal

US oil and gas giant ExxonMobil reported higher profits Friday on record oil and gas production following the acquisition of Pioneer Natural Resources, offsetting sharply lower downstream earnings.

The gloves are off: explaining the Olympic boxing gender scandal

A scandal has engulfed the boxing at the Paris Olympics after an Algerian woman boxer who previously failed a gender eligibility test stopped her opponent after 46 seconds.

Tokyo spearheads equities selloff on US recession fears

Tokyo tanked Friday as it led losses across Asia due to a stronger yen and expectations for more Japanese rate hikes, with equities also slammed after weak data sparked fears of a US recession and a plunge on Wall Street.

AC Milan new maternity policy includes contract renewals

AC Milan announced on Friday a new maternity policy that guarantees automatic renewals in the final season contracts of its women's team, calling it a first among Europe's elite clubs.

Tokyo plunges as equity markets track Wall St on recession fears

Tokyo tanked as it led losses across Asia on Friday due to a stronger yen and expectations for more Japanese rate hikes, while disappointing data sparked a plunge on Wall Street and fuelled fresh fears of a US recession.

The Fort Worth Press - Economy (English)