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Storied Paris department store seeks bankruptcy protection

Paris department store BHV Marais, which courted controversy last year with a partnership with Asian fast-fashion giant Shein, said Tuesday it had sought bankruptcy protection to protect its operations and jobs.

UN nuclear watchdog chief urges Iran to grant access

IAEA chief Rafael Grossi urged Iran during a UN Security Council meeting on Tuesday to grant immediate access to his agency so it can verify the Islamic republic's nuclear materials.

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UK govt woos votes with more pre-election tax cuts

Britain's beleaguered government on Wednesday announced a fresh tax cut for millions of workers as it tries to win round voters before a general election expected this year.

Starbucks Middle East franchise cuts jobs amid Gaza war

The Kuwait-based Alshaya Group said on Wednesday it would cut jobs from its Starbucks Middle East franchise due to "challenging trading conditions" amid a boycott of Western brands over the Gaza war.

US Fed's progress against inflation 'not assured': Powell

The US Federal Reserve's progress in bringing down inflation is "not assured," the chair of the country's central bank told lawmakers in Washington Wednesday, on the first of two days of hearings in Congress.

Egypt secures $5 bn additional loan from IMF as pound plunges

Egypt secured an extra $5 billion in IMF loans on Wednesday, the two sides said, after the central bank hiked interest rates and allowed the pound to plunge by nearly 40 percent.

Morocco winter breaks heat records: meteorologists

Morocco experienced record heat this winter, including the hottest January since measurements began, the country's meteorological department told AFP, placing the blame on climate change.

US private sector hiring up less than expected in February

Job gains in the US private sector picked up in February, payroll firm ADP said Wednesday, a sign that could give the Federal Reserve some pause as it mulls the timing of interest rate cuts.

EU looks to AI to battle cyber threats

The European Union is poised to use artificial intelligence and other tools to create a "cyber shield" protecting critical infrastructure and sectors from threats, officials said Wednesday.

Asian stocks drop after global markets fall on tech sell-off

Asian shares mostly slumped on Wednesday after global markets fell as traders locked in profits following recent tech-driven rallies.

South Korean police question first doctor over walkouts

South Korean police on Wednesday called in a doctor for questioning -- the first to be summoned in connection with a mass walkout by junior medics, which has plunged hospitals into chaos.

India's 'drone sisters' steer farming and social change

Once a housewife in rural India, Sharmila Yadav always wanted to be a pilot and is now living her dream remotely, flying a heavy-duty drone across the skies to cultivate the country's picturesque farmlands.

Far-right threatens to scare off German industry's new talent

In its search for sorely needed talent, German chipmaker Infineon is looking as far as Guatemala, but the rise of the far-right at home risks making the move unappealing and harming the industry.

New York's new composting plan is ambitious - but controversial

New York has begun rolling out a large-scale organic waste collection program, but the landmark initiative has upset many of the local groups that previously handled composting, who say they now face critical funding cuts.

'Luckiest' Oppenheimer biographer rooting for Oscar wins

Kai Bird has just returned from the Jaipur literature festival, where he signed countless copies of his two-decade-old book for hundreds of young Indians who all watched the film "Oppenheimer."

Gold, bitcoin pull back from records as US stock markets slip

Gold prices and bitcoin hit all-time highs Tuesday before paring some gains, while a sell-off in some tech stocks led to a slump in many stock markets around the world.

Messi's promised Barca contract, on a napkin, up for auction

To the untrained eye, it might look like just another used napkin.

Karl Lagerfeld's Paris home up for auction

Karl Lagerfeld's Paris apartment will go up for auction with a guide price of 5.3 million euros ($5.8 million), the notary responsible for the sale said Tuesday.

Tesla German plant halts production after sabotage claimed by far-left group

Tesla halted production at its German factory Tuesday after power lines supplying the electric carmaker's only European plant were set on fire in an act of sabotage claimed by a far-left group.

Gold hits record peak on US rate cut hopes

The price of gold on Tuesday struck an all-time pinnacle, boosted by its haven status ahead of expected cuts to US interest rates amid growing economic gloom.

Chanel pays tribute to Coco's seaside beginnings

On the last day of Paris Fashion Week on Tuesday, Chanel took a trip to the seaside for a show dedicated to the place where its famous founder launched her first boutique.

Tesla's German plant halts production after suspected arson attack

Tesla halted production at its German factory Tuesday after assailants allegedly set fire to high-voltage lines nearby, cutting power to the US electric carmaker's only European plant, the company and authorities said.

Shady bleaching jabs fuel health fears, scams in W. Africa

In her quest for "fair skin", an Ivorian YouTuber recently visited a market stall in Abidjan to receive several injections promoted as containing whitening agents.

China's economic woes far from over, despite optimistic growth goal

China's economic troubles are far from over and leaders admit the country will face an uphill struggle in hitting its goals for 2024, piling on the pressure for stimulus and reforms that experts say are needed to reverse the malaise.

Chemicals giant Bayer rules out break-up 'for now' after huge loss

German chemicals giant Bayer vowed Tuesday to "urgently" address key challenges after plunging deep into the red in 2023, weighed down by woes related to its glyphosate-based weedkillers.

Asian markets mostly down as China sets 5 percent growth goal

Asian markets largely fell on Tuesday after China set an ambitious five percent annual growth target and Wall Street shares dropped ahead of the release of key US economic indicators.

Women battle on for equality in top business jobs

More women are taking top management jobs but inequality persists, with men still dominating business leadership roles, research showed ahead of International Women's Day on March 8.

Bezos dethrones Musk to reclaim title of world's richest man

Amazon founder Jeff Bezos took back his spot as the world's richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index.

Trade, submarines feature at ASEAN talks in Australia

Australia unveiled plans to ramp up investment in Southeast Asia on Tuesday, setting aside US$1.3 billion to bolster trade in a region of rising economic might.

Asian markets mostly down as China sets 5% growth goal

Asian markets largely fell on Tuesday after China set a five percent annual growth target and Wall Street shares dropped ahead of the release of key US economic indicators.

China sets ambitious 5 percent growth target for 2024

China set on Tuesday a growth target of around five percent for 2024, an ambitious objective analysts said would be a challenge to meet given the severe headwinds battering the world's second-largest economy.

'Powerful and free': Black figure skaters take to the ice in New York

One by one, a line of young African American and biracial women dressed in ball gowns took to the ice in New York's Central Park to the soundtracks of "Barbie" and "Wonder Woman."

China's leaders set five percent growth goal, raise military budget in 2024

China will on Tuesday set a goal of five percent gross domestic product (GDP) growth and raise the military budget by over seven percent in 2024, an official copy of a government work report seen by AFP showed.

American Airlines orders 260 jets from Airbus, Boeing, Embraer

American Airlines unveiled a large order on Monday of narrow-body planes from European giant Airbus, Brazil's Embraer and Boeing, including a model from the US giant that has yet to be certified.

The Fort Worth Press - Economy (English)