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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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Who profits from the soaring price of cocoa?

Though cocoa prices on the financial markets have soared, the rise is benefiting cocoa growers, bean processors, speculators and chocolatiers in unequal measure.

Beyond Nvidia: the search for AI's next breakthrough

For a few days, AI chip juggernaut Nvidia sat on the throne as the world's biggest company, but behind the its staggering success are questions on whether new entrants can stake a claim to the artificial intelligence bonanza.

Dutch app supermarket boss eyes tech boom in online delivery

Advances in artificial intelligence are poised to drive a "massive" boom in online grocery deliveries, according to the head of Picnic, a Dutch app-only supermarket rapidly expanding into Germany and France.

Algerian women pioneer eco-friendly farming

Ibtissem Mahtout and Amira Messous pick fresh strawberries and tomatoes on the eco-friendly smallholding the two women are working near Algiers, a pioneering initiative in Algeria's male-dominated agricultural sector.

Loewe, Hermes and goodbye to Van Noten at Paris Fashion Week

There was a surprising lack of leather at Hermes, a restrained but celeb-packed Loewe show, and a farewell for fashion great Dries Van Noten at Paris Fashion Week on Saturday.

Russia launches new 'massive' attack on Ukraine power network

Ukraine on Saturday said Russia had launched a "massive" overnight attack on energy infrastructure in the west and south, adding that at least seven people died from Moscow strikes elsewhere.

Russia launches 'massive' attack on Ukraine power grid

Ukraine on Saturday said Russia had launched a "massive" overnight attack on energy infrastructure in the west and south, adding that at least seven people died in strikes elsewhere.

Dries Van Noten bids farewell to florals and the fashion world

Fashion great Dries Van Noten will be presenting his very last show in Paris on Saturday to end a glittering 40-year career.

Tech rally ebbs, leaves Wall Street adrift

The tech rally that drove Wall Street to record highs appeared out of steam Friday as US markets finished mixed, with European markets hit by disappointing data.

Boeing may avoid criminal charges over violations: report

The US Justice Department is considering a deal with Boeing that would see the aerospace giant avoid criminal prosecution but may appoint a federal supervisor to oversee company progress on safety improvements, The New York Times reported Friday.

Council of Europe chief says far-right rise risks return of 'the wild state'

The rise of far-right parties in several countries is pulling Europe towards a "wild state", but the outgoing head of the Council of Europe said Friday she did not believe Britain and France would leave the body after looming elections.

No Afghan 'reintegration' without progress on rights: UN

Restrictions on women's rights continue to prevent Afghanistan's "reintegration" into the international community, a senior UN official said Friday, noting the Taliban's participation in upcoming talks in Doha is not legitimization of the isolated government.

UK's richest family get jail terms for exploiting staff at Swiss villa

A Swiss court handed jail sentences to four members of Britain's richest family on Friday, branding them "selfish" for exploiting Indian staff at their Geneva mansion.

US existing home sales fall as prices hit record

Existing home sales in the United States edged lower in May as prices reached a record high on continued tight inventory, according to industry data published on Friday.

Tech rally loses steam, leaves Wall Street adrift

The tech rally that drove Wall Street to record highs appeared out of steam on Friday, with European markets hit by disappointing data.

US slaps sanctions on leaders of Russia software firm Kaspersky

The United States unveiled sanctions Friday against 12 top leaders of the Russia-based cybersecurity firm Kaspersky Lab, a day after banning the sale of its popular antivirus software on national security grounds.

Iranians split on presidential vote as hardships mount

With just a week remaining before a presidential election, Iranians are divided over whether voting will address pressing economic issues and mandatory hijab laws.

Spain to eliminate tax on olive oil to ease price jump

Spain's leftist government said Friday it will remove the value-added tax on olive oil, a staple of Spanish cuisine which has soared in price due to a severe drought that has caused a sharp drop in the country's olive harvest.

Argentina has surplus harvest, but farmers want more from Milei

In the pampas, Argentina's vast and fertile grasslands outside Buenos Aires, grain silos overflow with this year's harvest -- but nobody is selling just yet.

Trump promises US green card for foreign graduates

Donald Trump said he wants to grant green cards to foreign graduates from US colleges, in an apparent softening of his typically hard-line view on immigration, a key election issue.

Japan inflation ticks up in May to 2.5%

The pace of Japanese inflation accelerated in May partly due to higher energy bills, government data showed Friday, as analysts speculate on the timing of the Bank of Japan's next rate hike.

French rally against far-right ends in clashes

Riot police clashed with demonstrators in the French city of Rennes on Thursday in the latest rally against the rise of the far-right ahead of a national election this month.

IMF signs off new $786 million Tanzania loan agreement

The IMF executive board approved a new loan program with Tanzania worth around $786 million on Thursday to help it "build resilience to climate change," and also unlocked the latest tranche of money under an existing agreement.

US bans Russia's Kaspersky antivirus software

The United States on Thursday banned Russia-based cybersecurity firm Kaspersky from providing its popular antivirus products in the country on national security grounds, the US Commerce Department announced.

Hundreds in Paris protest 'anti-Semitic' gang rape

Several hundred people protested against anti-Semitism and "rape culture" in Paris on Thursday after the gang rape of a 12-year-old Jewish girl at the weekend sparked nationwide outrage.

European stocks advance, AI propels US into record territory

European stock markets rose Thursday as central banks made interest rate calls while AI enthusiasm pushed Wall Street higher from record closes.

Thousands of young Kenyans protest tax hikes

Thousands of mostly young demonstrators took to the streets across Kenya on Thursday to protest tax hikes, blowing whistles and chanting slogans in a vivid show of anger by Gen-Z protesters against the government.

French-Chinese probe to hunt universe's biggest explosions

A French-Chinese telescope satellite will blast off this weekend on a mission to hunt down gamma-ray bursts, the most powerful explosions in the universe.

Bank of England freezes rate before UK election

The Bank of England on Thursday kept its key interest rate at a 16-year high despite slowing UK inflation, opting against a cut before Britain's general election next month.

As UK election looms, Bank of England set to sit tight on rate

The Bank of England was set to hold its interest rate steady on Thursday despite slowing UK inflation, with higher price risks and Britain's looming election preventing a cut, according to analysts.

Japan seeks more visitors despite overtourism woes

Japan's tourism chief said Thursday its ambitious goal of luring 60 million foreign tourists a year -- more than double the current level -- is well within reach, despite surging overtourism concerns.

Asian markets swing as traders assess rates outlook

Asian markets drifted Thursday as investors try to gauge the outlook for US interest rates, while also keeping tabs on developments in France as it heads for crucial elections.

The Fort Worth Press - Economy (English)