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IMF says engaging with Iraq on preparing new bailout program

The International Monetary Fund on Thursday said it was engaging with Iraqi authorities as it prepares a new bailout program for the country, whose economy has been battered by the war on Iran.

ECB holds rates steady after Lagarde says to quit early

The European Central Bank on Thursday held interest rates steady despite rising inflation fuelled by the Iran war energy shock, just hours after President Christine Lagarde announced she would step down early.

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Xi says China planning 'major' reforms ahead of key political meeting

Chinese President Xi Jinping said Friday that the ruling Communist Party was planning and implementing "major" reforms, ahead of a closely watched political conclave that is expected to put economic recovery high on the agenda.

South Korea's skyscraper window cleaner with a fear of heights

For nearly thirty years, Seo Seung-ho has cleaned the windows of some of South Korea's tallest buildings. It's a reliable, well-paying job. There's just one problem: He's scared of heights.

Pakistan's first Olympic markswoman guns for historic medal

Slowing her breath and focusing on a bullseye in her pistol's sights, Kishmala Talat is aiming to become the first woman from Pakistan to win an Olympic medal.

Yen weakens further to put focus on Tokyo, Asian equities rise

The yen extended losses to a fresh 38-year low Friday, putting investors on guard for a possible intervention by Japanese authorities ahead of the release of key US inflation data later in the day.

Nike shares tumble on tepid outlook as CEO eyes Olympics marketing win

Nike reported higher profits due to cost-cutting efforts Thursday, but shares fell sharply on the company's tepid outlook despite a hoped-for boost from the upcoming Olympic Games.

Global stocks mixed as markets await French vote, US debate

Global stocks were mixed Thursday as Europe geared up for key elections, the United States awaited influential inflation data and a presidential debate, and Japan contemplated measures to strengthen the yen.

US investigative agency sanctions Boeing for discussing probe

A US investigative authority sharply rebuked Boeing for sharing details about an ongoing probe of a near-catastrophic aviation incident that were not supposed to be discussed publicly.

Yen gains after 38-year low, stocks mostly lower

Global stocks mostly slid Thursday as Europe geared up for key elections, the US awaited key inflation data and Japan contemplated measures to strengthen the yen.

'Not a lab experiment': climate tech CEO on green innovation

Microsoft co-founder and billionaire philanthropist Bill Gates has been hosting executives and entrepreneurs in London this week to boost investment in cutting-edge technologies promising big breakthroughs in tackling climate change.

Amid Gaza war, Israel warns could send Lebanon 'back to Stone Age'

Israel launched air strikes on Gaza Thursday after warning Hezbollah, Hamas's ally in Lebanon, to avoid a large-scale war that would send the neighbouring country "back to the Stone Age".

Stock markets mostly drop, yen gains after 38-year low

Major stock markets mostly dropped Thursday as Europeans gears up for key elections, the US awaits inflation data and Japan contemplates measures to strengthen the yen.

H&M shares tumble over profitability concerns

Shares in H&M slid Thursday after the world's second biggest fashion retailer warned that the conditions to meet its profitability target for this year have become "more challenging".

Women 'changing the game' in Mongolia's patriarchal politics

Women candidates are pushing for greater representation in Mongolia's male-dominated politics, raising their voices for change and inspiring girls to follow in their footsteps.

As ice melts, Everest's 'death zone' gives up its ghosts

On Everest's sacred slopes, climate change is thinning snow and ice, increasingly exposing the bodies of hundreds of mountaineers who died chasing their dream to summit the world's highest mountain.

Yen gains after hitting 38-year low, traders on intervention watch

The yen edged back slightly Thursday after hitting a 38-year low against the dollar, putting investors on alert for a possible intervention by Japanese authorities, while investors awaited US inflation data that could spark another round of volatility.

Struggles of 'levelling-up' plan epitomise UK Tory decline

The UK Conservatives scored a thumping win in 2019 by promising to "level-up" struggling regions, but for voters in towns like Keighley, the flagship policy has been eclipsed by spiralling costs.

The herders caught in India and China's icy conflict

Lines on a map once meant little to India's Tibetan herders of the high Himalayas, expertly guiding their goats through even the harshest winters to pastures on age-old seasonal routes.

Japanese yen touches 38-year low as global stocks finish mixed

The yen, weakened by the Japanese government's easy monetary policy, hit a 38-year low against the dollar on Wednesday, sparking speculation about a new intervention by authorities.

Sri Lanka seals debt deal with China, others after crash

Sri Lanka said on Wednesday it had clinched a restructuring deal with key bilateral lender China and other nations, covering up to $10 billion in debt, a critical step towards recovery after a 2022 financial crash.

US abortion restrictions have unwanted knock-on effects: studies

Restrictions or outright bans on abortion implemented in some US states can have unexpected consequences like reduced access to contraceptives and higher infant mortality rates, two studies published this week warned.

US new home sales come in below expectations in May

Sales of new homes in the United States were weaker than traders expected last month, according to government data published Wednesday, as mortgage rates remained high.

Yen touches 38-year low, stocks slide

The yen, weakened by the Japanese government's easy monetary policy, hit a 38-year low against the dollar on Wednesday, sparking speculation about a new intervention by authorities.

AI takes centre stage as Mobile World Congress Shanghai kicks off

From phones that can detect deepfake scams to autonomous intelligent vehicles, the disruptive potential of artificial intelligence took centre stage as Mobile World Congress Shanghai kicked off Wednesday.

Sri Lanka seals partial debt deal after financial crash

Cash-strapped Sri Lanka said Wednesday it had clinched a restructuring deal with a majority of bilateral lenders covering up to $5.8 billion in debt, a key step towards recovery after a 2022 financial crash.

Stock markets mostly rise after tech rebound

Asian and European markets mostly rose Wednesday following a tech-led bounce on Wall Street as investors prepared for the release of crucial US inflation data.

Frustration, as Poland's same-sex couples await promised legal rights

Krzysztof Alcer and Grzegorz Lepianka have been waiting for Poland to officially recognise their relationship for 21 years. But as the wait drags on, their anger is growing, their patience wearing thin.

Two employees leave Adidas amid China graft probe

Adidas said Wednesday two employees had left the company as the German sportswear giant investigates bribery allegations in China.

Hong Kong LGBTQ couples seek love, recognition in mass wedding

When 10 Hong Kong LGBTQ couples exchanged vows at a hotel ballroom, the scene could have been mistaken for any other mass wedding -- except the officiant was 12,000 kilometres (7,500 miles) away.

Markets rise after Wall St rebound, inflation in view

Asian and European markets mostly rose Wednesday following a tech-led bounce on Wall Street as investors prepared for the release of crucial US inflation data, while the yen fell back towards levels that have stirred intervention warnings from Japanese officials.

Asian markets rise after Wall St rebound, inflation in view

Asian markets mostly rose Wednesday following a tech-led bounce on Wall Street as investors prepared for the release of crucial US inflation data, while the yen fell back towards levels that have stirred intervention warnings from Japanese officials.

Iran picks new president at turbulent time

Iranians vote on Friday to elect a new president from six candidates, including a lone reformist who hopes he can challenge the dominance of conservatives in the Islamic republic.

Asian markets fluctuate after Wall St rebound, inflation in view

Asian markets swung Wednesday following a tech-led bounce on Wall Street as investors prepare for the release of crucial US inflation data, while the yen fell back towards levels that have stirred intervention warnings from Japanese officials.

The Fort Worth Press - Economy (English)