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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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Cambodia's famed Kampot pepper withers in scorching heatwave

Farmer Chhim Laem shakes his head as he walks between long rows of dead bushes, their brown leaves scorched by heat and drought that have devastated Cambodia's famed Kampot pepper crop.

Mercedes workers in Alabama to vote whether to join US union

The US auto workers union's drive to organize auto plants in the southern United States faces a second test this week at Mercedes-Benz in Alabama following a triumph last month.

Latest 'Planet of Apes' episode swings to top of N.America box office

Twentieth Century's action sci-fi film "Kingdom of the Planet of the Apes" climbed to the top of the North American box office in its opening weekend, taking in an estimated $56.5 million, one of the year's best results, industry watcher Exhibitor Relations reported Sunday.

Amazon plans to invest 1.2 bn euros in France: Macron's office

US e-commerce giant Amazon will invest more than 1.2 billion euros in France, creating more than 3,000 jobs, French President Emmanuel Macron's office said on Sunday.

Boeing's problems rattle US aviation regulator as well

The US Federal Aviation Administration, sharply criticized after the crashes of two Boeing planes in 2018 and 2019, is again being dragged into a maelstrom surrounding the major American aerospace manufacturer.

Nemo's hometown celebrates Eurovision win for Switzerland

Nemo fans partied in the streets of Biel after their hometown hero won the Eurovision Song Contest for Switzerland on Sunday.

Finding Nemo: Eurovision winner's journey of self-discovery

Nemo, who won the 2024 Eurovision Song Contest on Sunday, has encapsulated the journey towards realising non-binary gender identity in the highly personal song "The Code".

Switzerland's Nemo wins Eurovision Song Contest

Switzerland's Nemo won the Eurovision Song Contest on Saturday, becoming the first artist identifying as non-binary to claim victory, in a competition marked by controversy over Israel's participation during the war in Gaza.

Hundreds protest outside German Tesla factory

More than a thousand environmentalists protested outside Tesla's factory near Berlin Saturday, police said, a day after some of them tried to force their way into the plant.

Iraq hopes oil reserves will exceed 160 bn barrels: minister

Iraq, one of the world's biggest oil producers, aims to boost its crude reserves to more than 160 billion barrels, Oil Minister Hayan Abdel Ghani said on Saturday.

China consumer prices rise at faster rate in April

China's inflation rate quickened last month, official data showed Saturday, as the government works to boost spending in the world's second-largest economy.

For some residents of Mexico's Cancun, beach seems world away

The sun-kissed beaches and turquoise waters of Mexico's Caribbean resort of Cancun attract millions of visitors, but schoolteacher Yazmin Teran is lucky if she enjoys them a few times a year.

Senior US Fed official expects no rate cuts this year

A senior official at the US central bank said Friday that she doesn't expect any interest rate cuts this year following a recent uptick in inflation.

Brazil floods strike blow to powerful agriculture sector

Floodwaters in Brazil have swallowed up soybean fields and farming equipment, cutting off roads, livestock farms and warehouses in the latest extreme weather event to hit the agricultural giant.

Xi's European tour: red carpets, but 'no breakthroughs' on tensions

As Chinese President Xi Jinping wraps up his European tour with his stop in Budapest, analysts say the Chinese leader made an impression but no real breakthroughs on trade and Ukraine tensions.

UK economy exits recession in pre-vote boost for PM Sunak

Britain has emerged from a short-lived recession with better-than-expected growth in the first quarter, official data showed Friday, boosting embattled Prime Minister Rishi Sunak before this year's general election.

UK's Labour vows to ditch government's Rwanda deportation plan

Britain's main opposition Labour party on Friday pledged to scrap the Conservative government's flagship Rwanda scheme if it comes to power, replacing it with a tougher more joined-up approach to tackling irregular migration.

London, Frankfurt hit records as rate hopes boost markets

Growing hopes that the US Federal Reserve and other central banks are close to cutting interest rates helped push London and Frankfurt to records Friday, while Asian markets also chalked up healthy gains.

Honda posts record profit, issues cautious forecasts

Japanese auto giant Honda on Friday logged a record annual profit thanks to improving global vehicle sales, but issued a cautious outlook for the current fiscal year.

UK economy exits recession ahead of election

Britain exited a shallow recession with better-than-expected growth in the first quarter, official data showed Friday, in a boost to embattled Prime Minister Rishi Sunak ahead of this year's election.

London, Frankfurt hit new records as rate hopes boost markets

Growing hopes that the US Federal Reserve and other central banks are close to cutting interest rates helped push London and Frankfurt to new records, while Asian markets also chalked up healthy gains.

In Benin, tensions soar over cost of living

In the heart of Cotonou’s large Dantokpa market, Diane Makpenon's family corn shop is less busy than usual these days.

Iceland's 'Mammoth' raises potential for carbon capture

With Mammoth's 72 industrial fans, Swiss start-up Climeworks intends to suck 36,000 tonnes of CO2 from the air annually to bury underground, vying to prove the technology has a place in the fight against global warming.

Panama president-elect pledges to deport migrants who cross Darien Gap

Panama will deport US-bound migrants who enter the country through the notoriously dangerous stretch of jungle known as the Darien Gap, president-elect Jose Raul Mulino said Thursday.

American Airlines union seeks Biden support in contract fight

Dozens of American Airlines flight attendants demonstrated Thursday in front of the White House as they seek to be allowed to strike during protracted contract negotiations.

Peru's dancing undertakers take sting out of death

Dancing to the tunes of a local brass band, four pallbearers carry a coffin through the streets of a town in western Peru.

Trump pledged reversal of green policies to energy execs: report

Republican presidential candidate Donald Trump urged oil industry executives to raise $1 billion for his campaign, promising to reverse environmental regulations imposed by Joe Biden's administration once he is re-elected to the White House, the Washington Post reported Thursday.

China's Xi in Hungary celebrates 'history's best' relations with Orban

President Xi Jinping vowed to deepen already flourishing economic ties with Hungary during a visit to Budapest on Thursday, advocating that its closest European Union ally "play a bigger role" in fostering relations between Beijing and the bloc.

Costa Rica to ration electricity as drought bites

Costa Rica has become the latest Latin American country to introduce rationing due to drought, announcing Thursday it will limit access to electricity for which it relies heavily on hydro-generation.

Spain govt vows to block hostile BBVA bid for rival bank

Spain's second-largest bank BBVA on Thursday announced a hostile takeover bid for smaller rival Banco Sabadell but the government vowed to block the move, which would create a European giant in the sector.

Porsche recalls thousands of Taycans over faulty batteries

German sports carmaker Porsche on Thursday confirmed it had recalled several thousand of its electric Taycan model because of risks their batteries could catch fire.

London, Frankfurt stocks hit record highs on rate-cut hopes

The London and Frankfurt stock exchanges hit record highs Thursday as the Bank of England kept its interest rate at a 16-year high but raised hopes of a cut in the coming months.

The Fort Worth Press - Economy (English)