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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.

US economy posts strong growth, inflation stubbornly high in challenge to Trump

The United States posted strong economic growth in the third quarter, but the Fed's preferred inflation gauge also accelerated, the Commerce Department said on Thursday, in a mixed economic bag for US President Donald Trump ahead of key midterm polls next week.

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US stocks mixed while Europe slips on renewed French vote fears

European stock markets slid Tuesday as jitters resurfaced over impending French elections, while stocks on Wall Street ended mixed as investor darling Nvidia reversed course, driving the Nasdaq higher.

Major music labels sue AI startups over copyright infringement

Some of the world's major music labels are suing music generation services Suno and Udio, accusing the startups of violating the copyrights of top artists to train their generative AI engines without permission.

Five killed in Kenya anti-tax protests, NGOs say

Five people were shot dead and dozens wounded in Kenya on Tuesday in mounting anti-tax hike protests, NGOs said, as police clashed with demonstrators who stormed the parliament compound in Nairobi.

Lufthansa to add environmental charge to fares

German airline giant Lufthansa said Tuesday it would add an environmental charge of up to 72 euros ($77) to fares in Europe to cover the cost of increasing EU climate regulations.

One killed in Kenya rallies as protesters breach parliament

Kenyan police shot dead one protester near parliament Tuesday, a rights group said, with AFP journalists seeing three people lying motionless on the ground as crowds opposed to proposed tax hikes breached barricades to enter the parliamentary complex where a fire erupted.

Europe stocks drop on renewed French vote fears

Europe's stock markets slid Tuesday as jitters resurfaced over impending French elections, with investors also unnerved by Wall Street losses although Asian indices mostly rose.

EU accuses Microsoft of abusing dominant position with Teams

Microsoft violated EU antitrust rules by bundling its Teams communications app with its popular Office suite, Brussels said on Tuesday, as the US tech giant vowed to do what it takes to address competition concerns.

Kenya police fire rubber bullets, tear gas at anti-tax protesters

Kenyan police fired tear gas and rubber bullets to disperse young protesters in the capital Nairobi on Tuesday, AFP reporters saw, escalating tensions as demonstrators rallied across the country against proposed tax hikes.

Chanel at fashion week without sacked designer Viard

Awkward! Chanel was set to hold its haute couture show on Tuesday just three weeks after the very abrupt departure of creative director Virginie Viard after almost 30 years with the brand.

At Paris Olympics, women athletes finally reach parity

Once seen as a "celebration of manly virtue" without women athletes, the modern Olympics will reach gender parity for the first time during this year's Paris Games, 128 years since its first edition.

Kenya police fire tear gas as youth protests kick off

Kenyan police fired tear gas at crowds of young protesters in the capital Nairobi on Tuesday, AFP reporters saw, as demonstrators rallied across the country against the government's proposed tax hikes.

Ghana's cocoa farmers turn to smuggling as currency falls

Ghanaian cocoa farmer Isaac Antwi says he has to smuggle his beans to Ivory Coast to sell them at a decent profit even as international prices for the commodity recently surged.

Hot cocoa prices bring sweet profits, danger to Ecuador producers

Julia Avellan had been tempted to quit the cocoa business before prices unexpectedly exploded on the international market this year, bringing historic profits to Ecuador's farmers.

China premier calls to 'oppose decoupling' at economic forum

China's premier called Tuesday for countries to "oppose decoupling", as economic tensions simmer between Beijing and the European Union, a key trading partner that is preparing to impose new tariffs on Chinese electric vehicles next month.

Asian markets rebound on bargain-buying but tech worries linger

Asian equities edged higher Tuesday after recent losses as investors ignored another tough day for tech titans on Wall Street that has raised concerns about a correction in markets following a string of record highs.

Gender gap fuels disputes as Japan gets joint custody

Masaki Kubota's delight at reuniting with his two sons gave way to heartbreak when the younger, two years old, stared at him uncomprehendingly as if to say: "Who are you?"

Kenya youth protesters gear up for nationwide strike

Kenya braced for a nationwide strike Tuesday in response to a call by youth protesters for a countrywide shutdown, as opposition to the government's proposed tax hikes gathers momentum.

Assange's long fight against extradition to US

Jailed WikiLeaks founder Julian Assange has been fighting for years to avoid extradition from Britain in connection with the 2010 publication of thousands of US classified documents.

Premier League sets new mark as European football revenues soar

The Premier League underlined its financial muscle as the European football market grew by 16 percent to 35.3 billion euros ($37.9 billion) in the 2022/23 season, according to Deloitte.

Major Niger uranium mine back in public control: govt

Niger on Monday confirmed one of the world's biggest uranium mines had returned to public control after revoking the operating licence of French nuclear fuel producer Orano.

Dior sportswear, Van Herpen's living sculptures at Paris couture week

Sports kit and Greek goddesses from Christian Dior vied for attention with living sculptures from Iris Van Herpen as haute couture went high concept at Paris Fashion Week on Monday.

European stocks rise, Nvidia drags down Nasdaq

European stock markets rebounded on Monday despite jitters over the first round of French elections taking place this weekend.

Dubai to build $8 bn stormwater runoff system after record floods

Dubai on Monday announced an $8 billion plan for a stormwater runoff system, two months after an unprecedented deluge and widespread flooding brought the desert state to a standstill.

EU accuses Apple of breaking bloc's digital rules

Apple risks billions of euros in fines after the European Union on Monday accused the iPhone maker of violating the bloc's landmark digital rules by hindering competition on its App Store.

UAE energy giant ADNOC offers 12 bn euros for Germany's Covestro

Chemical maker Covestro said Monday that it entered "concrete negotiations" with Emirati national energy firm ADNOC after the German group received a takeover offer worth nearly 12 billion euros ($12.8 billion).

Shock in Indian district where 56 died from tainted alcohol

Plumes of smoke from funeral pyres darkened the sky Monday over the Indian town at the epicentre of a poisoning by a batch of illegal alcohol that has killed 56 and hospitalised more than 100.

Filming TikToks in tear gas: Kenya's Gen-Z protesters

Growing up in a shanty town in Kenya's capital Nairobi, Sarah Njoroge saw her parents ban her older siblings from taking part in anti-government demonstrations, fearing the bloody crackdown that would follow.

Markets mixed after weak Wall St lead, eyes on yen

Asian and European markets were mixed Monday after last week's poor run as investors look ahead to the release of key US inflation data, while eyes are on Japan as the yen sits around three-decade lows.

EU says Apple's App Store breaches bloc's digital rules

Apple risks billions of euros in fines after the European Union on Monday found the iPhone maker's App Store to be violating the bloc's landmark digital competition rules.

Most markets track weak US lead, eyes on yen

Most equity markets extended last week's poor run with more losses Monday, following another tepid lead from Wall Street as profit-taking weighed on the tech sector.

Hikes, nosy neighbours afflict Zimbabweans in quest for mobile connection

As the sun sets over Zimbabwe's Matobo Hills, boys throw stones to chase baboons away. Their goal isn't to enjoy the view of dusk but to search for a mobile network without interference from wild animals.

Asian markets track weak US lead, eyes on yen

Asian markets extended last week's poor run with more losses Monday, following on from another tepid lead from Wall Street as profit-taking weighed on the tech sector.

The Fort Worth Press - Economy (English)