The Fort Worth Press

Mideast in 'shadow of uncertainty' due to regional conflicts: IMF

Economies in the Middle East and North Africa face a "shadow of uncertainty" from ongoing tensions in the region, a senior IMF official told AFP on Thursday.

Meta releases beefed-up AI models

Meta on Thursday introduced an improved AI assistant built on new versions of its open source "Llama" large language model for powering the technology.

Team behind Italian film 'Io Capitano' returns to Senegal

Members of a 200-strong audience struggle to hold back tears as the credits roll on the film "Io Capitano" in a small auditorium in the outskirts of Senegal's capital Dakar.

Family affair: Two more Arnault sons join LVMH board

Two sons of the world's richest man Bernard Arnault on Thursday joined the board of LVMH after a shareholder vote, further cementing the family's control on the French luxury goods giant.

Taylor Swift's 'The Tortured Poets Department' set to drop

Taylor Swift is primed to release her highly anticipated record "The Tortured Poets Department" on Friday -- the 11th studio album from the megastar who is already having a blockbuster year.

Princess Diana's dresses on display in Hong Kong ahead of auction

Shoulder-padded, daffodil yellow and accented with gleaming gold buttons -- a very of-its-time suit Princess Diana wore during her 1989 trip to Hong Kong is now among six outfits on display in the former British colony.

Norway's wealth fund posts $107 bln first quarter gain

Norway's sovereign wealth fund, the world's largest, posted a gain of more than $100 billion in the first quarter amid the global stock market recovery, it said Thursday.

Taiwan chip giant TSMC's profits surge on AI demand

Taiwanese semiconductor giant TSMC announced Thursday a nearly 9 percent increase in net profits in the first quarter of 2024, buoyed by global demand for its microchips used to power everything from mobile phones to AI technology.

UN says solutions exist to rapidly ease debt burden of poor nations

The heavy debt weighing on developing countries can be alleviated through readily available measures, the UN's trade and development chief said, pleading for bold international action.

EU seeks to take on China, US to reverse economic decline

The European Union's economy is falling further behind China and the United States, a major headache that will dominate leaders' talks on Thursday as they discuss how to stem the bloc's economic decline and bounce back.

Tesla, Starlink entry on agenda when Musk heads to India

Tech billionaire Elon Musk is set to visit India as his businesses seek new markets in the world's most populous nation, with electric carmaker Tesla -- suffering a sales downturn in the United States -- reportedly scouting factory locations.

Michelangelo's scribble sells for $200,000 at New York auction

A square scribbled on a yellowed piece of paper by Renaissance genius Michelangelo sold for $201,600 -- 33 times its estimated value, auction house Christie's said Wednesday.

Russian 'cyber sabotage' a global threat: security firm

A cyber group with links to Russian military intelligence is set to become a significant global threat after playing an increasing critical role in the ongoing conflict in Ukraine, a leading cybersecurity firm warned Wednesday.

US to reimpose oil sanctions on Venezuela: officials

The United States is to snap back sanctions on Venezuela's crucial oil industry after President Nicolas Maduro's government continued its "repression" of opponents, US officials said Wednesday.

Biden targets 'cheating' China on trip to US steel heartland

US President Joe Biden called for a hike in steel tariffs on "cheating" China Wednesday as he courted blue-collar voters on an election campaign trip to the battleground state of Pennsylvania.

At IMF, Brazil and France renew push for 'fairer' international taxation

The international community must do more to make the world's richest companies and individuals pay their "fair" share of taxes, Brazil and France's finance ministers said Wednesday.

Biden denies China trade war on trip to US steel heartland

US President Joe Biden denied there was a trade war with China Wednesday, despite calling for a hike in steel tariffs as he courted blue-collar voters in the battleground state of Pennsylvania.

Kenyan court orders striking doctors to reach deal by Friday

A Kenyan court on Wednesday ordered doctors and the government to reach an agreement within 48 hours to end a nationwide strike that is now in its fifth week.

Tennessee VW workers begin voting in key test for union

Volkswagen employees in Tennessee began casting ballots Wednesday in a vote that could make theirs the first foreign carmaker to unionize in the American South, expanding gains made by organized labor in the auto heartland of Detroit.

ASML shares dive on lower profits, orders

Shares in Dutch tech giant ASML, which supplies chip-making machines to the semiconductor industry, slumped Wednesday after the firm reported a drop in net profits and orders amid a high-tech trade spat between China and the West.

Tesla asks shareholders to reapprove huge Musk pay deal

Tesla will ask its shareholders in June to ratify a multi-billion-dollar 2018 pay package for CEO Elon Musk that was squashed by a US court earlier this year.

France evicts hundreds of migrants from Paris squat ahead of Olympics

French authorities on Wednesday evicted hundreds of migrants from a squat in a southern suburb of Paris with just 100 days to go until the Olympics, encouraging them to board buses to other parts of France.

Ethiopians mourn the destruction of historic Piassa district

"Our history and our identity have been erased," laments Samira after the destruction of her birthplace in the historic Piassa district in the heart of Ethiopia's capital.

Stocks mixed after selloff as Fed, Middle East dampen sentiment

Asian markets were mixed Wednesday as Federal Reserve boss Jerome Powell's indication that interest rates could stay higher for longer offset a rebound following the latest bout of Middle East-fuelled selling.

Stocks mixed after latest selloff as Fed, Middle East dampen sentiment

Asian markets were mixed Wednesday as Federal Reserve boss Jerome Powell's indication that interest rates could stay higher for longer offset a rebound following the latest bout of Middle East-fuelled selling.

ASML profits down amid China chip spat

Dutch tech giant ASML, which supplies chip-making machines to the semiconductor industry, on Wednesday reported a drop in net profits and orders amid a high-tech trade spat between China and the West.

ASML profits, bookings down amid China chip spat

Dutch tech giant ASML, which supplies chip-making machines to the semiconductor industry, on Wednesday reported a drop in net profits and orders amid a high-tech trade spat between China and the West.

Apple CEO meets Indonesia leader to talk investments

Apple chief executive Tim Cook met Indonesia's president on Wednesday, as the tech giant explores ways to invest in Southeast Asia's biggest economy and diversify supply chains away from China.

Seoul, Tokyo vow 'appropriate action' on weak yen and won

South Korea and Japan shared "serious concerns" on the recent weakness of their currencies against the dollar and agreed to take "appropriate actions" to counter extreme volatility, the finance ministry in Seoul said Wednesday.

'GTA' video game publisher Take-Two cuts workforce

Take-Two Interactive on Tuesday told US regulators it is trimming its workforce by five percent and eliminating some video games in production to cut costs.

Tennessee VW workers hold key unionization vote

Volkswagen employees in Tennessee will begin casting ballots Wednesday in a vote that could make theirs the first foreign carmaker to unionize in the American South, expanding gains made by organized labor in the auto heartland of Detroit.

US says new sanctions on Iran coming soon

The United States said Tuesday it would soon impose new sanctions on Iran's missile and drone program after its weekend attack on Israel, and that it expects its allies and partners to follow with parallel measures.

The Fort Worth Press - Economy (English)

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