The Fort Worth Press

Charity warns Italy's ban on NGO planes risks lives

A migrant rescue charity warned Thursday that a new Italian ban on using surveillance planes to spot migrant boats in distress in the Mediterranean could endanger lives.

Bank of England holds rate at 16-year high, signals looming cut

The Bank of England on Thursday kept its main interest rate at a 16-year high, but hinted at a cut over the summer as UK inflation cools further and the country looks set to exit recession.

European stocks stutter before Bank of England rate call

European stock markets wavered on Thursday but with London close to a record peak before a Bank of England decision on interest rates.

Nissan net profit nearly doubles despite China challenges

Nissan said Thursday it nearly doubled its full-year net profit in 2023-24, weathering challenges in the Chinese market, but forecast a dip of around 10 percent for the current financial year.

Spain vows to block BBVA's hostile bid for rival bank

Spain's second-largest bank BBVA announced Thursday 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.

Blackstone wins bidding war for UK music rights firm

US private equity firm Blackstone emerged victorious Thursday in a takeover battle for struggling UK music rights owner Hipgnosis Songs Fund, after American group Concord refrained from improving its bid.

Nissan annual net profit nearly doubles on-year

Nissan said Thursday it nearly doubled its full-year net profit in 2023-24 but forecast a dip of around 10 percent for the current financial year.

Chinese cities lift curbs on buying homes as property crisis bites

Two of China's wealthiest cities said Thursday they would lift all restrictions on buying homes, joining a growing list of urban areas rolling back curbs as they look to prop up the faltering property market.

Markets' rally stutters as traders eye rate cut outlook

Equity traders struggled to get a recent rally back on course Thursday following a tepid lead from Wall Street, but record performance in Europe highlighted optimism that central banks were on course to cut interest rates.

Spanish bank BBVA goes hostile in Sabadell takeover bid

Spain's second-largest bank BBVA announced Thursday a hostile takeover bid for Banco Sabadell, three days after its smaller rival rejected an offer that would create a European banking giant.

Chinese city lifts curbs on buying homes as property crisis bites

One of China's wealthiest cities said Thursday it would lift all restrictions on buying homes, joining a growing list of urban areas rolling back curbs as they look to prop up the faltering property market.

Asian markets mixed as traders eye rate cuts

Asian traders fought to get a recent rally back on course Thursday following a tepid lead from Wall Street but record performance in Europe highlighted optimism that central banks were on course to cut interest rates.

Bank of England set to hold rate at 16-year high

The Bank of England was set Thursday to keep its main interest rate at a 16-year high, resisting a cut as UK inflation cools at a slower pace than forecast.

China's Xi in Hungary to celebrate 'new era' with Orban

Hungarian Prime Minister Viktor Orban will host Chinese President Xi Jinping in Budapest on Thursday in a bid to strengthen already flourishing ties between Beijing and its closest EU ally.

Canada regularization of undocumented migrants in jeopardy

Canada offered hope for thousands of undocumented migrants with Prime Minister Justin Trudeau promising a major regularization program. But in just a few months, political winds changed, leaving dreams of residency in jeopardy.

US forges new 'battery belt' in hopes of electric future

Growing up, Devante Cuthbertson assumed he might have to leave his North Carolina hometown to pursue a career, but a new multi-billion-dollar Toyota battery plant is offering him a reason to stay put.

European stocks rise while Wall Street has another mixed session

European stocks advanced Wednesday, with London striking another record, driven by hopes of interest rate cuts while Wall Street finished mixed on another day without major macroeconomic news.

Kenya inks deal to end doctors' strike

Kenya's government has signed a deal with striking doctors, the health ministry announced Wednesday, after almost two months of industrial action that left thousands of patients struggling to find medical care.

EU eyes first ever sanctions on Russia's LNG sector

The EU is considering expanding its sanctions against Moscow over the war in Ukraine to target Russia's liquefied natural gas sector, EU diplomats said Wednesday.

European stocks rise but Wall Street wobbles

European stocks advanced Wednesday, with London striking another record, driven by hopes of interest rate cuts as inflation eases.

US revokes some licenses for exports to China's Huawei

The United States has revoked some export licenses that allowed companies such as US chip firm Qualcomm to supply Chinese tech giant Huawei, the Commerce Department confirmed on Wednesday.

Kenya health ministry says deal signed to end doctors' strike

Kenya's government has signed a deal with striking doctors, the health ministry announced Wednesday, after almost two months of industrial action that left thousands of patients struggling to find medical care.

European stocks rise but Wall Street slips

European stocks advanced Wednesday, with London striking another record, driven by hopes of interest rate cuts as inflation eases.

EU queries X over cut to content moderation resources

The EU on Wednesday told digital platform X to explain a cut to content moderation resources, amid concerns over disinformation ahead of European elections in June.

Europe stocks advance, London hits new record

European stocks advanced Wednesday, with London striking another record, driven by hopes of interest rate cuts in the eurozone, Britain and the United States as inflation eases.

BMW says EU probe into China EV subsidies against free trade

The chief executive of German luxury carmaker BMW on Wednesday warned the European Union's investigation into Chinese electric car subsidies runs counter to free trade.

Bubbling profits for AB InBev despite Bud Light boycott

The world's largest brewer AB InBev on Wednesday toasted a jump in profits in the first quarter, despite a drop in beer sales driven by a Bud Light boycott in the United States.

AstraZeneca withdraws Covid vaccine as demand dives

Anglo-Swedish drugmaker AstraZeneca on Wednesday said it was withdrawing Covid vaccine Vaxzevria, one of the first produced in the deadly pandemic, citing "commercial reasons" following a slump in demand.

Markets mixed as traders weigh rates outlook

Equity markets were mixed Wednesday as the latest global rally ran out of steam due to a lack of major catalysts, while investors contemplated the outlook for monetary policy.

Spain struggles to stamp out drug trade in poor south

The killing of two police by drug traffickers has focused attention on smuggling networks in southern Spain, where poverty makes it easy for gangs to recruit youngsters.

Japanese auto giant Toyota posts record net profit

Toyota reported record annual net profit of more than $30 billion on Wednesday but the world's largest automaker by sales warned that the current year would be less spectacular.

Rubbish, climate change help boost Portugal's white stork numbers

Above a flowering meadow in southern Portugal, three white stork nestlings click their beaks, adding to the chorus of a thriving stork population that has settled year-round in the country.

The Fort Worth Press - Economy (English)

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