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UK set for cautious budget as borrowing costs climb

Britain's finance minister John Healey will unveil his first budget Wednesday, as he juggles commitments to defence spending and easing household bills with little financial room to manoeuvre.

'They don't care about us': Trump food aid cuts leave Americans struggling and angry

Christine, a retired widow in Arizona, placed food staples in her cart at a charity food distribution event -- as she's had to do monthly since the Trump administration slashed federal food assistance programs.

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Microsoft hires DeepMind co-founder to lead AI unit

DeepMind co-founder Mustafa Suleyman will become the head of a newly created consumer AI unit at Microsoft, the scientist and entrepreneur said on Tuesday.

Global shares higher as Fed begins meeting and Japan hikes rates

US and European shares inched higher Tuesday as the US Federal Reserve began a policy making meeting and Japan raised interest rates for the first time in 17 years.

Renault CEO urges 'Marshall Plan' for Europe electric vehicles

The chief executive of French automaker Renault called Tuesday for a European "Marshall Plan" to accelerate the adoption of electric vehicles and reduce carbon emissions in the face of Chinese competition.

France faces high-risk vote on EU-Canada free trade deal

The French government on Thursday faces a risky vote on a controversial trade deal between the EU and Canada in the Senate where an unlikely alliance between left and right hopes to torpedo the pact.

Yen falls as Japan hikes rates but stocks mixed ahead of Fed

The yen fell and Japanese stocks rose Tuesday after the Bank of Japan raised interest rates, but shares were mixed elsewhere as investors awaited further signals from other central banks.

US Fed kicks off rate meeting with timing of cuts up for discussion

The US Federal Reserve began two days of discussions on Tuesday at which policymakers are expected to hold firm on interest rates, and continue discussions about when to start cutting them.

Yen drops, stocks mixed as Japan hikes rates at last

The yen weakened and Tokyo stocks rose Tuesday after the Bank of Japan hiked interest rates for the first time in 17 years owing to elevated inflation.

Acerbi facing federation probe over alleged racist comments

The Italian Football Federation (FIGC) announced on Tuesday that it had opened an investigation into racist insults allegedly made by Inter Milan defender Francesco Acerbi.

Ben & Jerry's owner Unilever to spin off ice cream arm

British consumer goods giant Unilever announced Tuesday that it will separate its ice cream unit, whose top-selling products include Ben & Jerry's and Magnum, as a standalone business.

Yen drops, stock markets mixed as Japan hikes interest rates

The yen weakened and Tokyo stocks rose Tuesday after the Bank of Japan hiked interest rates for the first time in 17 years as it shifted away from its long-running ultra-loose monetary policy.

Bank of Japan hikes rates for first time since 2007

Japan's central bank pulled the plug Tuesday on its ultra-aggressive monetary stimulus programme, hiking rates for the first time since the global financial crisis.

Bank of Japan hikes rates for first since 2007

Japan's central bank pulled the plug Tuesday on its ultra-aggressive monetary stimulus programme, hiking rates for the first time since the global financial crisis.

Easy does it: The Bank of Japan's experiment

The Bank of Japan on Tuesday announced a seismic change in direction on Tuesday, hiking interest rates for the first time in 17 years.

Yen drops, Asian markets mixed as Japan hikes interest rates

The yen weakened and Tokyo stocks rose Tuesday after the Bank of Japan hiked interest rates for the first time in 17 years as it shifted away from its long-running ultra-loose monetary policy.

Bank of Japan scraps negative interest rate

Japan's central bank on Tuesday on Tuesday its negative interest rate as it finally began unwinding one of the world's most aggressive monetary easing programmes.

Napoli's Jesus accuses Italy defender Acerbi of racist abuse

Napoli defender Juan Jesus on Monday blasted Francesco Acerbi for denying he dished out racist abuse after the Italy international was forced to leave the Azzurri's training camp ahead of two friendlies in the United States.

AI giant Nvidia unveils higher performing 'superchips'

Nvidia on Monday unveiled its latest family of chips for powering artificial intelligence, as it seeks to consolidate its position as the major supplier to the AI frenzy.

Iconic US magazine Sports Illustrated gets publishing lifeline

Sports Illustrated, one of America's most storied magazines, saw an end to months of limbo Monday as a new 10-year publishing deal was announced.

US oil stockpile to be refilled this year: Energy secretary

The United States plans to refill its strategic oil reserve by the end of 2024 after the stockpiles reached historic lows last year, Energy Secretary Jennifer Granholm said Monday.

Success and setbacks: 100 days of Argentina's Milei

Argentina's President Javier Milei has slashed public spending but 100 days into his presidency social tensions are simmering and he is still battling to pass his flagship economic reforms.

Tata Steel brings forward UK coke ovens closure

Indian-owned Tata Steel UK said Monday that it would shut down coke ovens at its Port Talbot steelworks in south Wales starting this week -- months earlier than previously announced.

Wall Street stocks lifted by tech rebound before key rate decisions

Renewed interest in tech stocks drove Wall Street's main indices higher Monday, while European shares dipped at the start of a busy week of central bank meetings that should shed more light on the direction of interest rates.

Wall Street stocks rise before key rate decisions

New York stocks climbed Monday at the start of a busy week of central bank meetings in the United States, Britain and Japan that should shed more light on the direction of interest rates.

Inter's Acerbi leaves Italy camp after racist abuse claims

Francesco Acerbi on Monday left Italy's training camp ahead of two friendlies in the United States after reports he will be investigated for alleged racial abuse of Napoli defender Juan Jesus.

Stock markets rise before key rate decisions

Stock markets climbed and the dollar dipped Monday ahead of interest-rate decisions due this week from the United States, Britain and Japan.

TikTok and its 'secret sauce' caught in US-China tussle

As a US campaign to sever TikTok from its Chinese parent heads to the Senate, analysts say Beijing's response to a forced sale of the app -- and its 'secret sauce' algorithm -- will be clear: Hands off.

Asian stocks rise after strong China production data

Asian stocks gained on Monday after China posted stronger than expected industrial production data in a fragile recovery for the world's second-largest economy.

Blinken says fighting disinfo 'vital US national security interest'

Fighting disinformation including AI-enabled content is a "vital" national security interest and diplomatic priority for the United States, Secretary of State Antony Blinken said Monday at a democracy summit in Seoul.

Methane: a powerful gas heating the planet

Climate talks often revolve around reducing the most dangerous greenhouse gas CO2.

China retail sales show shaky economic recovery

The performance of China's economy in the first two months of 2024 was mixed, official figures showed Monday, with sluggish household consumption alongside increased industrial production reflecting an uneven recovery.

Asian trade cautious ahead of key rate decisions

Traders in Asia were cautious on Monday after US shares receded, and as anticipation builds for the Bank of Japan to finally ditch its negative interest rate.

Sins of the fathers: Children of IS left to rot in Syria camp

Ali is 12 and has survived things no child should see, spending half his life in what amounts to a prison camp for jihadist families in an arid corner of northeastern Syria.

The Fort Worth Press - Economy (English)