The Fort Worth Press

Kering shakes up underperforming Gucci

Kering announced Tuesday the departure of the long-time chief executive of Gucci, the luxury group's main brand which has struggled as the industry has flourished.

Spain hits Apple, Amazon with 194-mn-euro antitrust fine

Spain's competition watchdog said Tuesday it has slapped US tech giants Amazon and Apple with fines totalling 194 million euros ($218 million) for collusion in the sale of products.

Stocks advance as investors track US data, earnings results

European and US stock markets mostly pushed higher on Tuesday as investors digested data showing a mixed picture for the US economy and a fresh round of corporate results.

Dutch e-bike firm VanMoof declared bankrupt

Dutch electric bicycle maker VanMoof has been declared bankrupt, prompting the company to cease sales on Tuesday and angering customers who sought to file charges over the shop's failure to return broken bikes.

Stocks wobble as investors track US data, earnings results

Stock markets wavered on Tuesday as investors digested data showing a mixed picture for the US economy and a fresh round of corporate results.

Germany behind schedule on wind energy rollout: study

Germany has made strides in expanding its onshore wind power capabilities this year but needs to pick up the pace to meet key targets for the decade, a sector study said Tuesday.

US retail sales weaker than expected in June

Retail sales in the United States came in weaker than expected in June, the government reported Tuesday, with consumption remaining sluggish while inflation eases.

Novartis upgrades outlook despite US legal setback

Swiss pharmaceutical giant Novartis raised its earnings guidance for the second time this year on Tuesday despite a legal setback in the United States and announced it will spin off its generics unit later this year.

Markets on edge over China economy woes

Europe's stock markets wavered Tuesday after Asian losses, with investors remaining on edge over China's weaker-than-expected economy.

McDonald's UK apologises after racism, sexual misconduct report

The head of McDonald's in the UK apologised after the BBC on Tuesday reported allegations of sexual misconduct, racism and bullying by staff at the fast-food giant.

Markets drop as China growth worries offset Fed rate hopes

Most Asian markets sank Tuesday as further weakness in China's economy fuelled worries about the effects on global growth, overshadowing optimism that the United States is winning its battle against inflation and could avoid a recession.

Indian tycoon Adani slams 'malicious' Hindenburg report

Indian tycoon Gautam Adani on Tuesday denounced fraud accusations against his group by a US investment firm as a "deliberate attempt" to damage its image, at the first annual general meeting since the scandal.

Odesa port facilities damaged by Russian strike: Ukraine

A Russian overnight strike damaged port infrastructure facilities in southern Ukraine's Odesa, Kyiv's military said on Tuesday, hours after Moscow refused to extend a deal allowing the safe export of grain from the region.

Rich-poor split could tighten 'grip of poverty': World Bank chief

The new head of the World Bank said Tuesday that growing divides between rich and poor nations risked deepening poverty in the developing world, at a meeting of G20 finance ministers in India.

Asian markets drop as China growth worries offset Fed rate hopes

Most Asian markets sank Tuesday as further weakness in China's economy fuelled worries about the effects on global growth, overshadowing optimism that the United States is winning its battle against inflation and could avoid a recession.

Pretty in pink: 'Barbie' marketing blitz hits fever pitch

Hollywood A-listers have been walking red carpets in hot pink, glitter is back, and companies from The Gap to Burger King are doing rose-colored collaborations: "Barbie" mania is everywhere as the hotly anticipated film hits theaters worldwide.

Global stocks mixed after weak China data

Lackluster Chinese economic data weighed on equity markets in Europe and Asia Monday, while Wall Street stocks extended an upward swing ahead of major earnings.

Stock markets split on China, earnings

Stock markets diverged Monday as traders weighed official data showing China's economy grew less than expected in the second quarter with hopes of an end to US interest-rate hikes.

Stock markets mostly fall as China data disappoints

Stock markets mostly retreated Monday as official data showed China's economy grew less than expected in the second quarter, offsetting hopes of an end to US interest-rate hikes.

Stock markets drop as China data disappoints

Stock markets retreated Monday as official data showed China's economy grew less than expected in the second quarter, offsetting hopes of an end to US interest-rate hikes.

Leaks, repairs, stress: how skeleton crew stopped Red Sea oil disaster

When an alarm sounded on the decaying oil tanker off Yemen's coast, signalling a leak in its engine room, Hussein Nasser quickly sprang into action.

Ukraine claims deadly blast on Crimea bridge

Waterborne drones struck the sole bridge connecting Russia to the annexed Crimea peninsula on Monday, in a deadly attack on a vital supply route claimed by Ukraine's security services.

Markets struggle as China growth misses forecasts

Markets struggled Monday to build on last week's rally, with new data showing China's economy grew less than expected in the second quarter as its post-Covid recovery runs out of steam.

China's economy shows further weakness in second quarter

China's economy showed further signs of weakness in the second quarter as data Monday showed growth missed expectations and consumers remained cautious, adding pressure on leaders to unveil further stimulus.

Markets struggle as rally fades, China growth misses forecasts

Asian markets struggled Monday to build on last week's rally, with new data showing China's economy grew less than expected in the second quarter as its post-Covid recovery runs out of steam.

China's economy grew 6.3% on-year in second quarter

China's economy grew 6.3 percent year on year in the second quarter, a figure that belies the country's slowing post-pandemic recovery and one that analysts warn is inflated given the low base of comparison with lockdown-wracked 2022.

China's economy grew 6.3% on-year in second quarter: official data

China's economy grew 6.3 percent year-on-year in the second quarter of 2023, official data showed Monday, despite a patchy post-Covid rebound in recent months.

Ukraine grain deal in peril, fierce fighting in the east

The clock was ticking down Monday on the deal that allows Ukraine to export its grain via the Black Sea, with the agreement set to expire at midnight Istanbul time (2100 GMT).

'Haunted Mansion,' a premiere without stars as strike bites

The first major world premiere since Hollywood actors went on strike featured no stars -- and a mournful director who said he backed the walkout but missed his cast "terribly."

UK formally signs up to trans-Pacific trading bloc

The UK government on Sunday hailed what it said was its biggest trade deal since Brexit, as it formally signed a treaty to join a major Indo-Pacific bloc.

San Francisco's race for robo-taxis cleaves sharp divide over safety

A driverless taxi slows down on a dark San Francisco street and is quickly surrounded by a group of masked figures.

Musk says Twitter has lost half its advertising revenue

Twitter owner Elon Musk said Saturday that the social media platform he bought for $44 billion last October has lost roughly half of its advertising revenue.

The Fort Worth Press - Economy (English)

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