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US Fed holds interest rates steady despite 'too high' inflation

The US Federal Reserve on Wednesday held interest rates steady, even as its Chairman Kevin Warsh said inflation remained "too high" but insisted that politics played no part in the central bank's decision not to continue raising rates days before crucial midterm elections.

Pioneering US labor leader Dolores Huerta dies at 96

Dolores Huerta, the US labor leader and civil rights icon whose union work changed the lives of migrant workers, has died, her family said Wednesday. She was 96.

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Consumer groups accuse Temu of manipulating online shoppers

European consumer groups on Thursday accused Chinese shopping app Temu of using "manipulative techniques" to force users to spend more and other violations of a landmark EU tech law.

Asian markets track Wall St records after US inflation data

Asian equities rallied Thursday after US data showed inflation cooled last month, fuelling speculation that the Federal Reserve will cut interest rates twice this year.

What will be the repercussions of Biden's new China tariffs?

US President Joe Biden unveiled steep tariff hikes on Chinese green tech this week, hitting imports like electric vehicles, chips and solar cells -- and adding stress to US-China ties.

Mission impossible? Next Boeing CEO faces pile of problems

Since announcing plans in late March to replace CEO Dave Calhoun at the end of 2024, Boeing's problems have seemingly gone from bad to worse, complicating an already daunting executive search.

Japan economy suffers worse-than-expected contraction of 0.5%

Japan's economy suffered a worse-than-expected contraction in the first quarter, official data showed Thursday, in further bad news for its unpopular government.

US consumer inflation eases slightly in April, sending stocks higher

US consumer inflation eased slightly last month, according to government data published Wednesday, in a positive sign for President Joe Biden ahead of November's election.

Multiple women accuse David Copperfield of sex misconduct: report

Magician David Copperfield has been accused of sexual misconduct by more than a dozen women in episodes said to have taken place over several decades, a report said Wednesday.

Victoria's Secret reviving fashion show after six-year hiatus

American lingerie giant Victoria's Secret announced Wednesday that its annual fashion show, scrapped after 2018 due to sluggish sales and diminishing audiences, will return this fall bringing high-profile models back onto its catwalk.

German travel giant says takes overtourism 'very seriously'

German travel giant TUI said Wednesday it takes protests against overtourism, like recent demonstrations in the Canary Islands, very seriously, while arguing that its business model was not contributing to the problem.

Lea Seydoux: 'I've witnessed the changes on set since #MeToo'

French star Lea Seydoux said Wednesday she had personally witnessed more respect for women on film sets since the #MeToo movement.

Stocks waver before US inflation but London hits record

Asian and European equities diverged Wednesday as most dealers sat on their hands before key US inflation data, but London set a new record peak on solid US gains and largely upbeat earnings.

Semenya faces 'important day' at European rights court

Caster Semenya said Wednesday's hearing at the European Court of Human Rights (ECHR) into whether the double Olympic champion can be required to lower her testosterone levels to compete was an "important day" as her costly legal marathon entered its last lap.

Qatar eyes more long-term gas supply deals this year

Qatar expects to sign more long-term natural gas supply deals this year to meet growing international demand, Energy Minister Saad al-Kaabi said on Wednesday.

EU cuts inflation forecast for 2024 despite uncertainty

The EU on Wednesday predicted lower inflation in the eurozone in 2024 than previously forecast but warned the single-currency area's economy still faced risks from geopolitical tensions including wars in Ukraine and Gaza.

S. African communities terrorised by gold mining gangs

Walking between the corrugated iron shacks of the informal settlement west of Johannesburg she calls home, Lutho Makheyi points out trenches filled by dirty rainwater holing the unpaved streets.

A-list stars, menstruating superheroes in Cannes VR competition

From a voyage through the human body with Cate Blanchett, to a feminist superhero satire featuring giant tampons and octopus demons, the Cannes Film Festival launches its first competition for virtual reality films on Wednesday.

Chief of state oil company dismissed in Brazil

The CEO of Brazil's state oil company Petrobras has been sacked, the government announced Tuesday.

Asian markets mixed as focus turns to US inflation report

Asian markets wobbled Wednesday ahead of key US inflation data later in the day, with traders struggling to pick up the baton after a record performance on Wall Street.

Five years after 13-0 World Cup mauling, Thai women look to future

Thai women's goalkeeper Sukanya Chor Charoenying will never forget her World Cup debut five years ago -- a record 13-0 defeat to the USA.

Watches belonging to F1 great Schumacher fetch millions at auction

Eight watches belonging to Formula One legend Michael Schumacher were sold at auction in Geneva on Tuesday for a total of four million Swiss francs (4.4 million dollars/4.1 million euros).

Blinken vows US will back Ukraine till security 'guaranteed'

The United States will back Ukraine until its security is "guaranteed", US Secretary of State Antony Blinken vowed on a trip to Kyiv on Tuesday, after Russian forces claimed further advances in the northeastern Kharkiv region.

In major change, Google to use AI-generated answers in search results

Google on Tuesday said it would introduce AI-generated answers to online queries, in one of the biggest changes to its world leading search engine in 25 years.

In big change, Google to use AI-generated answers in search results

Google on Tuesday said it would introduce AI-generated answers to online queries made by users in the United States, in one of the biggest updates to its search engine in 25 years.

Court convicts German far-right politician of using Nazi slogan

A German court on Thursday convicted one of the country's most controversial far-right politicians, Bjoern Hoecke, of deliberately using a banned Nazi slogan at a rally.

US sharply hikes tariffs on Chinese EVs and chips

US President Joe Biden took aim at China on Tuesday, saying Beijing is "cheating" rather than competing on trade as Washington unveiled steep tariff hikes on Chinese imports like electric vehicles and semiconductors.

French stars call for crackdown on sexual violence

Some of France's biggest film stars including Juliette Binoche and Emmanuelle Beart on Tuesday called for a comprehensive new law to crack down on "systemic" sexism and gender-based violence in France.

US Fed chair says confidence inflation will ease 'not as high as it was'

Federal Reserve chair Jerome Powell said Tuesday that hot US inflation data has lowered his level of confidence that price rises will slow back down towards the bank's long-term target.

Gerwig says intimacy coordinators are sign of #MeToo progress

"Barbie" director Greta Gerwig, heading the jury at the Cannes Film Festival, said Tuesday that women's status in the industry was heading in the right direction and welcomed concrete changes like intimacy coordinators on sets.

Authorities raid Goodyear sites in Europe over burst tyre deaths

Investigators searched three European sites belonging to American tyre giant Goodyear Tuesday, French prosecutors said, as part of an involuntary homicides probe into crashes caused by burst truck tyres.

Russia must beat Ukraine with 'minimal losses': new defence chief

Russia's incoming defence minister on Tuesday said that Moscow's priority was to secure victory on the battlefield against Ukraine while minimising human losses.

EU to encourage influencers to have 'positive' impact

The EU announced steps Tuesday to encourage influencers to post content that has a "positive" impact on society, as concerns rise over disinformation in a fragmented information landscape.

US to raise tariffs on $18 bn of China imports including chips

The United States is hiking tariffs on $18 billion worth of Chinese imports, targeting strategic sectors like electric vehicles, batteries, steel and critical minerals, the White House said Tuesday.

The Fort Worth Press - Economy (English)