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France's debt woes in focus as ECB meets

France's deteriorating public finances will take centre stage when the European Central Bank meets this week, but policymakers are not expected to throw a lifeline to the eurozone's second-biggest economy just yet.

NPS Vatsalya offers three choices when a child turns 18

NPS Vatsalya subscribers gain control of their accounts at 18 and may continue, transfer the corpus to regular NPS or exit under specified withdrawal rules.

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Samsung Electronics says Q3 operating profits down 77.57%

South Korea's Samsung Electronics said Tuesday that its operating profits for the July to September period were down 77.57 percent from the year before, even as new smartphone releases boosted revenue.

Panama tribunal rejects holding mine deal referendum

Panama's electoral tribunal on Monday dismissed the idea of organizing a referendum in December on a mining contract that has ignited countrywide protests.

US auto strike nears end as union, GM reach tentative deal

A wave of strikes that disrupted the three largest US automakers for six weeks looked to have been finally resolved Monday, as the auto workers union reached a tentative agreement with holdout General Motors.

US auto workers union reaches tentative deal with GM

The US auto workers union reached a tentative agreement with General Motors on a new labor contract Monday, a source close to negotiations told AFP, paving the way to ending a six-week strike at major car manufacturers.

HSBC profits surge on higher interest rates

Banking giant HSBC on Monday posted surging profits for the third quarter as lenders pass on interest-rate hikes carried out by central banks.

German economy shrinks slightly in third quarter

German output shrank in the third quarter, official data published Monday showed, adding to a continued gloomy picture for Europe's largest economy despite falling inflation.

German-Israeli woman captured by Hamas confirmed dead

Shani Louk, a 23-year-old German-Israeli woman captured by Hamas fighters when they stormed a music festival in the Israeli desert, is dead, Israel's foreign ministry said Monday.

Huge overspend claims at DR Congo's Francophone Games under audit

Financial auditors have arrived in DR Congo to investigate this summer's Francophone Games in Kinshasa, said the event organisers on Monday after being being blamed for vast overspending.

Taiwan's Foxconn calls for 'confidence' in wake of Chinese tax probe

Taiwan-based tech giant Foxconn said Monday its current operations were "normal", calling for confidence in the company after a tax probe launched by Chinese authorities.

Five workers killed in German building site accident: fire brigade

At least five workers were killed in the northern German city of Hamburg on Monday when a scaffolding collapsed at a building site, a fire brigade spokesman said.

Crude slips as worries of region-wide Middle East war ease

Oil prices fell Monday as Israel stepped up ground attacks on Hamas targets in Gaza but held back from a full-on incursion, fanning hopes a wider conflict can be avoided.

California startup to 'sponge' CO2 from the atmosphere

Scrubbing carbon dioxide from the air is imperative if humanity is to limit global warming, experts say, and a California startup says it can do just that, using limestone as a carbon-sucking sponge.

HSBC says pre-tax profit more than doubled in third quarter

Banking giant HSBC said on Monday that pre-tax profit in the third quarter more than doubled to $7.7 billion, reflecting the "positive impact of a higher interest rate environment".

Free trade deal between EU and Australia collapses

A free trade deal between the European Union and Australia has unravelled despite early optimism, with Canberra saying Monday it could take years until negotiations resume.

Drought and shrinking herds push US beef prices through the roof

A prolonged drought is shrinking livestock herds and driving beef prices to record highs in the US, even as consumption is growing stronger.

US Fed likely to pause again with rates at 22-year high

The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as it looks to tackle inflation without damaging the resilient US economy.

Kazakhstan mourns for 42 dead in ArcelorMittal mine disaster

Kazakhstan held nationwide mourning on Sunday after 42 people died in a blaze at an ArcelorMittal mine, the worst accident in the Central Asian country's post-Soviet history.

Kazakhstan in mourning after 36 killed at mine

Kazakhstan was in nationwide mourning Sunday after 36 people died in a fire at an ArcelorMittal mine, the worst such disaster in years which has prompted the nationalisation of the company's local affiliate.

What is a COP?

The crunch climate talks being held in Dubai from November 30 to December 12 will be the 28th such gathering of world leaders under UN auspices known as COPs.

Stellantis, striking US auto union reach tentative deal

Stellantis and the striking United Auto Workers union have reached a preliminary deal similar to the one struck earlier this week with Ford, the union said Saturday -- allowing members to go back to work at grounded factories.

Fears grow of tighter state grip on Serbian media

Two controversial bills backed by Serbian lawmakers this week have sparked fears of more state control over the media and another setback for press freedom in the Balkan nation.

Tight job market rebalances power between US business and labor

The US economy is contending with a wave of union activism unseen in decades as organized labor seizes a rare opportunity to play hardball in a tight employment market.

Panama bans new mining deals, but fails to quell protests

Panama's President Laurentino Cortizo on Friday announced a ban on new metal mining concessions, but maintained a contract with a Canadian company that has sparked massive protests in the country.

Fashion mogul categorically denies serial rapes accusations

Finnish-Canadian fashion mogul Peter Nygard, on trial in Toronto for alleged serial rapes, categorically denied any sexual misconduct as he wrapped up several days of defense testimony on Friday.

Earnings help stocks resist despite sticky inflation

Stocks traded mixed on Friday as blockbuster earnings from Amazon and Intel fuelled hope of a tech bounce despite a report showing persistent US inflation.

Bumper profits ebb at US oil giants as they tout big fossil deals

ExxonMobil and Chevron reported lower profits Friday compared with the year-ago blowout quarter as the oil giants touted recent acquisitions they said balance economic and environmental priorities.

Spanish clergy sexually abused over 200,000 children, probe estimates

Over 200,000 minors are estimated to have been sexually abused in Spain by the Roman Catholic clergy since 1940, according to an independent commission published Friday.

Markets diverge with US inflation in focus

European stock markets struck a mixed note Friday after a rally in Asia in the wake of strong US tech earnings, while traders steeled themselves for key US inflation data.

Electrolux to cut 3,000 jobs as sales fall

Swedish home appliances maker Electrolux said Thursday it plans to cut some 3,000 jobs as it reported lower sales in the third quarter.

GM's Cruise pauses driverless car operations after California ban

US vehicle company Cruise has suspended all operations of driverless cars, the subsidiary of auto giant General Motors said Thursday, days after California authorities halted testing of its driverless cars in the state.

Tesla workers strike in Sweden over union demands

Tesla mechanics in Sweden walked off the job on Friday to protest against the electric carmaker's refusal to sign a collective wage agreement, the metalworkers union said.

Eni profits slump on lower oil and gas prices

Italian energy giant Eni said Friday its net profit fell 67 percent to 1.91 billion euros in the third quarter of 2023, hit by falling oil and gas prices.

The Fort Worth Press - Economy (English)