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The Fort Worth Press - Economy (English)
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Featured
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Military spending pushes Russian economic growth up
Russia's economy grew 5.4 percent in the first quarter of 2024, official statistics published Friday showed, as President Vladimir Putin denied military spending on his Ukraine offensive was reaching unsustainable levels.
For Taiwan shoppers, China's malls only a ferry ride away
With suitcases and packages stuffed with food, alcohol and construction materials, Taiwanese shoppers make their way towards a ferry in the Chinese city of Xiamen bound for the Taipei-administered island of Kinmen.
Mercedes in Alabama to learn if they will join US union
Workers at Mercedes-Benz's Alabama business are expected to learn Friday if they will shift into a union shop, following a contentious federally-administered election.
Crisis-hit Boeing girds for potentially turbulent annual meeting
Crisis-ridden Boeing faces a potentially turbulent annual shareholders meeting Friday, with investors voting on whether outgoing CEO Dave Calhoun should be pushed off the board and keep a planned $33 million compensation package.
US tariffs on Chinese EVs hurt green transition: XPeng boss
The president of Chinese electric vehicle maker XPeng on Friday criticised the fresh tariffs on Chinese cars imposed by Washington as "unfavourable" for the United States' energy transition.
'Gold Rush' for Stockholm with Taylor Swift Eras tour
Stockholm on Friday welcomed Taylor Swift for the second leg of her European Eras Tour that has boosted the city's economy but also brought Swiftflation and a struggle to get a hotel room.
Standard Liege troubles shine light on Everton's would-be buyers
The Miami-based investment firm that has been trying to buy English Premier League outfit Everton is already mired in difficulties at some of the existing clubs in its portfolio, with recent events at Standard Liege in Belgium shining a particularly unfavourable light on 777 Partners.
French reinforcements reach 'calmer' New Caledonia after riots
The French Pacific territory of New Caledonia was "calmer" Friday, local authorities said, after reinforcements arrived to quell days of riots over voting reform that have left five dead and hundreds injured.
Hong Kong, Shanghai stocks rally on China property support
Hong Kong and Shanghai stocks rallied Friday after China unveiled its most wide-ranging measures to support the country's battered property sector, sending real estate firms soaring.
Energy transition risks critical mineral shortage: IEA
The sharp drop in prices for minerals critical to the green energy transition is masking a looming shortage due to inadequate investment, the International Energy Agency said Friday.
Hong Kong, Shanghai stand out in Asia on China property support
Hong Kong and Shanghai stocks rallied Friday after China unveiled its most wide-ranging measures to support the country's battered property sector, sending real estate firms soaring.
IEA warns of key energy mineral shortage risk
The sharp drop in prices for minerals critical to the green energy transition is masking a looming shortage due to inadequate investment, the International Energy Agency said Friday.
Musk confirms Twitter has become X.com
The social network formerly known as Twitter has fully migrated over to X.com, owner Elon Musk said on Friday.
Crisis-ridden Boeing prepares for turbulence at annual meeting
Boeing's annual meeting on Friday comes amid an exceptionally difficult period for the crisis-ridden company, creating potential for drama at an event that is usually a snooze-fest.
Hong Kong, Shanghai stand out in Asia after China property move
Hong Kong and Shanghai stocks rallied Friday after China unveiled its most wide-ranging measures to support the country's battered property sector, sending real estate firms soaring.
China offers to buy up commercial housing to boost property market
China cut the minimum down payment rate for first-time homebuyers on Friday and suggested the government could buy up commercial real estate, in some of Beijing's most ambitious moves yet to lift the ailing housing market out of an unprecedented debt crisis.
China cuts rates, could buy up commercial housing to boost property market
China cut the minimum down payment rate for first-time homebuyers on Friday and suggested the government could buy up commercial real estate in a bid to boost the country's ailing housing market, currently battling an unprecedented debt crisis.
Crisis-ridden Boeing hopes for quiet annual meeting
Boeing's annual meeting on Friday comes amid an exceptionally difficult period for the crisis-ridden company, creating potential for drama at an event that is usually a snooze-fest.
China says could buy up commercial housing to boost property market
A top Chinese economic official said Friday the state could buy up commercial real estate in a bid to boost the country's ailing housing market, currently battling an unprecedented debt crisis.
Rapidus 'last opportunity' to put Japan back on global chip map
Japan's Rapidus project that brings together some of the world's biggest companies is the "last opportunity" to put the country's once-dominant semiconductor sector back on the global map, its chairman warned.
Chinese officials meet to mull support for developers: Bloomberg
Chinese leaders are meeting Friday with top housing officials to discuss a possible plan for the government to buy millions of unsold homes in a bid to support the struggling property sector, Bloomberg reported.
Asian stocks mixed after Wall St, Europe retreat from records
Asian markets diverged Friday as hopes for US interest rate cuts played up against profit-taking from another strong week and warnings from Federal Reserve officials that borrowing costs should be kept elevated for now.
'Grand Theft Auto VI' release set for late 2025
Rockstar Games parent Take-Two Interactive on Thursday said the eagerly awaited video game "Grand Theft Auto VI" will be released in fall of 2025.
US ends leasing in its largest coal-producing region
President Joe Biden's government on Thursday announced it was ending coal leases in the Powder River Basin, the nation's largest coal-producing region, drawing condemnation from the mining sector and praise from environmentalists.
US bank regulator grilled over 'toxic culture' at agency
US lawmakers attacked the head of a top financial regulator for a second consecutive day on Thursday over his agency's failure to deal with workplace misconduct, including discrimination and sexual harassment.
Nigeria lawmaker's plan for mass wedding of orphans sparks uproar
A Nigerian state lawmaker's plan to sponsor the marriage of 100 brides orphaned by violence has sparked a row over religious and cultural norms and calls for the courts to intervene.
Walmart profits rise on strong sales from wealthier shoppers
Walmart reported higher profits Thursday behind solid gains at US stores as the retail giant pointed to increased purchases by wealthier shoppers and improving e-commerce sales.
Stocks waver after hitting record highs
Stock markets wavered Thursday following record-breaking rallies that were fuelled by cooling US inflation.
European stocks dip from records, shrugging off gains elsewhere
Europe's major stock markets staged a modest pullback Thursday as investors cashed in profits from record-breaking rallies, shrugging off strong Asian gains and all-time Wall Street peaks that followed news of easing US inflation.
China's Baidu posts weakest quarterly revenue growth in over a year
Chinese internet giant Baidu announced Thursday its slowest quarterly revenue growth in over a year, as competition between top players in the country's cutting-edge tech sector intensifies.
Siemens to sell electrical motors business to KPS
German industrial giant Siemens said Thursday it will sell its electrical motors business Innomotics to private US equity firm KPS Capital Partners for 3.5 billion euros ($3.8 billion).
France deploys troops, bans TikTok, to quell New Caledonia unrest
France deployed troops to New Caledonia's ports and international airport, banned TikTok and imposed a state of emergency on Thursday after three nights of clashes that have left four dead and hundreds wounded.