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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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Mongolia's wildlife at risk from overgrazing

The icy peaks of Jargalant Mountain are supposed to belong to snow leopards, whose numbers have dwindled to fewer than 1,000 in Mongolia, but hard-pressed herders are increasingly pushing into the vulnerable animals' traditional habitat.

Toyota posts record yearly net income, revenue

Toyota said Wednesday that it enjoyed a record net profit of 4.94 trillion yen ($31.9 billion) in the year to March on revenues of 45.1 trillion yen, which was also an all-time high.

Global car giants seek tech allies in China's cutthroat EV market

Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world's biggest electric car market, where shiny smart screens, assisted driving and sophisticated map technology are in high demand.

US centenarian to marry at Normandy, 80 years after Allied landing

Americans Harold Terens and Jeanne Swerlin promise their courtship is "better than Romeo and Juliet": He is 100, she's 96, and they marry next month in France, where the groom-to-be served during World War II.

Sideways day on Wall Street as London notches another record

The rally in Wall Street stocks took a pause Tuesday while many overseas bourses pushed higher amid renewed optimism that the US Federal Reserve could cut interest rates this year.

China's Xi lands in Serbia after talking Ukraine, trade in France

Xi Jinping arrived in Belgrade on Tuesday evening, after French President Emmanuel Macron hosted a high altitude lunch at a childhood haunt in the Pyrenees mountains for the Chinese leader.

Argentina introduces 10,000-peso banknote

Inflation-battered Argentina on Tuesday introduced a 10,000-peso banknote, worth the equivalent of about $11 -- five times the face value of the previous biggest 2,000-peso bill.

TikTok challenges potential US ban in court

TikTok and its Chinese parent company ByteDance filed a legal challenge against the United States on Tuesday, taking aim at a law that would force the app to be sold or face a US ban.

Disney reports small loss but sees improvement in streaming

Disney reported higher revenues Tuesday on a strong performance by its theme parks division and an improving streaming business, but a write-down in the company's India business resulted in a small loss.

Biden slams 'ferocious' rise in anti-Semitism amid Gaza protests

US President Joe Biden condemned a "ferocious surge" in anti-Semitism on Tuesday, in a Holocaust memorial speech that came at a fraught moment in Israel's war in Gaza and with protests roiling American universities.

Ferrari confirms 2024 guidance after first quarter boost

Italian luxury carmaker Ferrari on Tuesday posted a double digit rise in both profits and sales for the first quarter of 2024, and confirmed its full-year guidance.

Stock markets climb on lower rates optimism

Stock markets on Tuesday continued to rally over optimism that the US Federal Reserve will cut interest rates this year.

US, allies sanction LockBit leader over ransomware attacks

The United States, Britain and Australia unveiled sanctions Tuesday against the leader of the Russian ransomware outfit LockBit, which they accuse of extorting billions of dollars from thousands of victims.

Boeing Starliner crewed mission postponed until at least Friday

The first crewed launch of Boeing's Starliner spaceship will have to wait until at least Friday to give ground teams time to analyze a malfunctioning rocket valve, pushing back a high-stakes test trip to the International Space Station.

Stock markets mostly rise on lower rates optimism

Stock markets extended the week's rally Tuesday on optimism that the US Federal Reserve will cut interest rates this year.

Macron hosts Xi in French mountains to press messages on Ukraine, trade

French President Emmanuel Macron on Tuesday was to host Chinese leader Xi Jinping at one of his beloved childhood haunts in the Pyrenees mountains, seeking to press a message to Beijing not to support Russia's war against Ukraine and to accept fairer trade.

Major German companies warn against vote for extremism

Germany's biggest companies said Tuesday they have formed an alliance to campaign against extremism ahead of key EU Parliament elections, when the far right is projected to make strong gains.

Rescuers search for survivors after deadly S.African building collapse

Rescuers scrambled Tuesday to search for some 50 people trapped under rubble after the collapse of a multi-storey building under construction in the South African city of George killing five people.

Most markets rise after Wall St rally as US rate optimism lingers

Most markets built on the latest global rally Tuesday as optimism that the US Federal Reserve will cut interest rates this year continued to breeze through trading floors.

Coppola, Lucas, Schrader: 'New Hollywood' swansong set for Cannes

It is an offer they still can't refuse: Francis Ford Coppola will lead a parade of veteran American movie titans back to the Cannes Film Festival next week in a likely swansong for the "New Hollywood" generation.

Saudi Aramco says Q1 profit down 14.5 percent

Oil giant Saudi Aramco said Tuesday its first-quarter net profit dipped 14.5 percent on year to $27.27 billion as the Gulf kingdom kept production cuts in place.

UBS back in profit after Credit Suisse takeover losses

Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion, far exceeding expectations, after two quarters in the red due to the mammoth takeover of Credit Suisse.

Saudi Aramco's Q1 profit down 14.5 percent: statement

Oil giant Saudi Aramco announced first-quarter net profit of $27.27 billion on Tuesday, down 14.5 percent from last year as the Gulf kingdom kept production cuts in place.

London's gentlemen-only club votes on admitting women

One of London's oldest gentlemen's clubs on Tuesday votes on whether to start accepting women amid a row that has bitterly divided members.

UBS net profit up 71% after two quarters in the red

Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion after two quarters in the red due to the takeover of Credit Suisse.

Amazon says will invest $9 billion in Singapore

Amazon said Tuesday it would invest US$9 billion in Singapore over the next four years to expand its cloud computing capabilities in the city.

Asia tracks another rally on Wall St as US rate optimism lingers

Asian markets built on the latest global rally Tuesday as optimism that the US Federal Reserve will cut interest rates this year continued to breeze through trading floors.

Stocks rise on renewed hopes of US Fed rate cuts

Stock markets advanced Monday on renewed optimism that the US Federal Reserve will cut interest rates this year, as well as on a positive corporate earnings season.

Macron thanks China's Xi for not imposing duties on French cognac

French President Emmanuel Macron on Monday thanked Chinese leader Xi Jinping for not imposing "provisional" customs duties on French cognac amid an ongoing probe, and presented him with bottles of the expensive drink.

Sony backtracks faced with anger of 'Helldivers 2' players

Sony backtracked Monday after players of its popular cooperative third-person shooter game "Helldivers 2" pushed back against a requirement to link with its PlayStation Network platform.

Head of French equality watchdog in hot water over 'abusive' comments

The chairwoman of a French watchdog created by the government to promote equality is facing mounting pressure to step down over what employees called sexist and racist comments and her "toxic" management style.

'Taboo': French women speak out on rapes by US soldiers during WWII

Aimee Dupre had always kept silent about the rape of her mother by two American soldiers after the Normandy landings in June 1944.

The Fort Worth Press - Economy (English)