The Fort Worth Press

Featured

UK set for 'limited' budget giveaways as borrowing costs surge

British Prime Minister Andy Burnham's new government unveils its first budget Wednesday, testing a commitment to ease the cost of living and ramp up defence spending with little financial room for manoeuvre.

Canada-EU summit seeks deepened alliance as US ties fray

Canadian and European Union leaders meet in Montreal this week for a summit aimed at deepening their alliance as both sides navigate tumultuous relations with the United States.

Last news

Eurozone inflation falls to more than two-year low

The annual rate of inflation in the eurozone fell to a more than two-year low in November, the EU's official statistics agency said Thursday.

First launch of Europe's Ariane 6 rocket planned for June-July

The European Space Agency announced on Thursday that the long-delayed first launch of its next-generation Ariane 6 rocket will take place between June 15 and July 31 next year.

Markets rise ahead of US inflation, but rate cut hopes build

Asian markets ticked higher Thursday, with focus on the release of key US inflation data that comes as traders ramp up bets the Federal Reserve will cut interest rates next year.

Celebrations as Nepal registers first LGBTQ marriage

An LGBTQ couple has acquired a marriage certificate in Nepal, officials said Thursday, a first in South Asia and hailed by the pair as a win "for all".

'Sea of misery': Indian rights lawyer spotlights plight of jailed women

After three years in detention experiencing the "sea of misery" endured by women in Indian jails, one of the nation's best-known rights lawyers warns that society's prejudices are amplified behind bars.

Markets drift ahead of US inflation, but rate cut hopes build

Asian markets struggled Thursday following another tepid performance on Wall Street, with focus on the release of key US inflation data that comes as traders ramp up bets the Federal Reserve will cut interest rates next year.

Brazil bank's ties to slavery reopen wounds, reparations debate

In 1853, Viscount Jose Bernardino de Sa, a Brazilian nobleman who made his fortune shipping enslaved Africans to the Americas, became the largest investor in the country's oldest bank, Banco do Brasil.

After 50 years, US to return to Moon on January 25

More than 50 years after the last Apollo mission, the United States will try once again to land a craft on the Moon on January 25, said the head of what could be the first private company to successfully touch down on the lunar surface.

Global stocks mixed as OECD warns of Middle East conflict risk

Oil prices rose again Wednesday following a report of possible additional output cuts by exporters as the OECD pared back its global growth forecast and warned of an economic hit from the Israel-Hamas conflict.

US slaps sanctions on crypto mixer used by N.Koreans for laundering

The United States on Wednesday slapped sanctions on a crypto mixer that it said was serving as a money laundering tool for hackers affiliated with the North Korean government.

US Fed finds signs of slowing economic activity

US economic activity has slowed in recent weeks and the labor market has continued to cool, the Federal Reserve announced Wednesday, as it continues its fight against stubborn inflation.

European, US stock markets up as bets build on rate cuts

Europe's main stock markets mostly rose Wednesday while Wall Street held onto gains as traders ramped up bets on the US Federal Reserve cutting interest rates in the new year.

With auto strike over, GM announces big share buybacks

General Motors announced hefty new initiatives Wednesday to return billions of dollars to shareholders, lifting its stock price as it estimated the recent labor strike hit at $1.1 billion.

Saudi wealth fund scoops up 10% of London Heathrow airport

Saudi Arabia's sovereign wealth fund is to buy ten percent of London's Heathrow airport from Spanish infrastructure giant Ferrovial, whose departure from the hub after almost two decades leaves Qatar as its biggest shareholder.

Ikea net profit surges in 2023 as sales rise

Swedish furniture giant Ikea saw a five-fold increase in net profit for its full-year 2023 which ended in August, boosted by rising sales, Ingka Group which owns most Ikea franchises said Wednesday.

Austrian property tycoon's Signa to file for insolvency

Rene Benko's real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, marking the spectacular downfall of the self-made Austrian tycoon.

European stock markets climb as bets build on rate cuts

Europe's main stock markets mostly climbed Wednesday as traders ramped up bets on the US Federal Reserve cutting interest rates in the new year after a top official sounded an optimistic note on the battle against inflation.

Austria property giant Signa to file for insolvency

Austrian real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, filing for court protection as it undergoes restructuring.

Uber to partner with London's black cabs despite disputes

Uber is to roll out its service to London black cabs next year, it announced Wednesday, despite long-running friction between drivers of the traditional taxis and the US-based firm.

Philips stock slumps after new FDA warning

Shares in Dutch medical device manufacturer Philips plunged Wednesday after the US Food and Drug Administration warned that its new machine to help patients sleep risked overheating.

Women's sport revenues tipped to break $1 billion barrier

Global revenues from women's sport will top $1 billion for the first time in 2024 thanks to an explosion in popularity, according to financial experts Deloitte.

Spanish giant Ferrovial sells remaining stake in Heathrow

Spanish infrastructure giant Ferrovial announced it is offloading its remaining 25 percent stake in London's Heathrow Airport to a French private equity group and Saudi Arabia's sovereign wealth fund.

Dollar weakens further as rate cut bets build, but equities mixed

The dollar extended losses Wednesday as traders ramped up bets on the Federal Reserve cutting interest rates in the new year after officials sounded optimistic notes on the battle against inflation.

Charlie Munger, Warren Buffett's longtime business partner, dies at 99

Charlie Munger, the longtime friend and business partner of famed US investor Warren Buffett, died on Tuesday at the age of 99, his employer has confirmed.

Dutch version of British Royal book scrapped amid race reports

The Dutch version of a new book about the British Royal Family has been withdrawn amid reports it accidentally revealed which royal commented about the skin colour of Harry and Meghan's baby.

Saudi snares 2030 World Expo in latest success

The Saudi capital Riyadh on Tuesday won the right to host the 2030 World Expo, defeating rival bids from Italy and South Korea as well as overcoming objections from rights activists to take hold of another global mega-event.

S.Africa platinum mine lift plunge kills 11

Winding gear at a giant South African platinum mine failed sending an elevator into a precipitous fall that killed 11 workers and injured 75, the operators said Tuesday.

Dolly Parton's crossover rock album tops charts

The United States may be riven by division, but most Americans of all political persuasions can agree on Dolly Parton -- including the 77-year-old's latest album that's topping charts across the genres.

EasyJet returns to profit but warns of Gaza war impact

British no-frills airline EasyJet on Tuesday announced its first annual profit since the outbreak of the Covid pandemic but warned that the Israel-Hamas war will impact its winter results.

Why you should care about the budget crisis rocking Germany

German Chancellor Olaf Scholz will address parliament Tuesday about an escalating budget crisis triggered by a bombshell court ruling that his government breached constitutional debt limits.

French serial killer's widow on trial over decades-old murders

The widow of a French serial killer known as the "ogre of the Ardennes" goes on trial from Tuesday over her role in three murders dating back several decades, including the killing of a British woman whose body was found in a river in 1990.

Six recycling innovations that could change fashion

The fashion industry's enormous waste problem is pushing governments, particularly in Europe, towards ambitious recycling targets.

The Fort Worth Press - Economy (English)