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Nvidia boss criticises 'cheap' AI doomsday warnings

AI chip giant Nvidia's boss Jensen Huang said on Thursday that warnings artificial intelligence could wipe out humanity were "cheap" attempts to grab headlines.

Stocks retreat as tech mood sours, oil prices jump

Equities sank Thursday as tech firms resumed their downward spiral following a mixed bag of earnings from Wall Street titans, while sentiment was also soured by rising oil prices.

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London seeks to keep Europe fintech crown despite Brexit

From digital bank Revolut to money-transfer group Wise and payments company Checkout, London is Europe's fintech champion and intends on keeping its crown despite Brexit fallout and declining investments.

Canada pledges Can$13.2 bn subsidies for VW battery plant

Canadian Prime Minister Justin Trudeau announced Friday up to 13.2 billion Canadian dollars ($9.8 billion US) in subsidies over 10 years for Volkswagen's first overseas battery plant, to be built in St. Thomas, Ontario.

Mexico finally finds buyer for luxury presidential jet

Mexican President Andres Manuel Lopez Obrador said he has finally found a buyer for a luxury presidential jet that he once called an "insult" to the people -- the government of Tajikistan.

Comoros refuses migrants expelled in France standoff

The Indian Ocean archipelago of the Comoros warned Friday it would not accept migrants expelled from the neighbouring French island of Mayotte in a looming operation that has triggered a diplomatic spat.

Key dates of Twitter rollercoaster ride under Musk

There has rarely been a moment of calm since Elon Musk bought Twitter last year, quickly fired thousands of workers and restored ex-president Donald Trump's account.

Europe stocks waver after recession-driven losses elsewhere

Europe's main stock markets wavered on Friday, as dealers digested mixed data and paused after losses elsewhere that were rooted in global recession fears.

Trinity the T-Rex bought by art foundation, to go on show in Antwerp

An art foundation made the winning $6-million-bid for a composite Tyrannosaurus rex skeleton at an auction in Switzerland this week and will put it on public display, the auction house said Friday.

Disney marks centenary with retrospective in Munich

Disney is putting its cultural legacy on show in Germany in a multimedia exhibition featuring memorabilia from the Magic Kingdom, including the first ticket to Disneyland and drawings from its most famous animated pictures.

Strike brings rail traffic to a halt in Germany

Rail traffic came to an almost complete standstill in Germany on Friday as workers across the country went on strike to demand higher wages to help offset inflation.

Most markets track Wall St losses on rate, recession fears

Asian markets fell Friday on lingering recession worries as data indicated the US economy was slowing down, while Federal Reserve officials pressed their case for further rate hikes to battle stubborn inflation.

Musk's moves felt from Wall Street to the Vatican

Elon Musk was at the news epicenter Thursday, from stripping Pope Francis of Twitter verification to Tesla's drag on stocks and the explosion of the world’s largest rocket.

Fast fashion under spotlight on Bangladesh factory disaster anniversary

On April 24, 2013, a clothing factory complex near Bangladesh's capital collapsed, killing at least 1,138 workers.

Brazil may surpass US as world's No. 1 corn exporter

On his farm in the state of Mato Grosso, Brazil's grain basket, Ilson Jose Redivo finished planting his corn crop a few weeks ago, acting quickly once he'd harvested the soybeans that he'd grown on the same fields.

Police investigating $20mn gold heist at Toronto airport

Canadian police said Thursday they are investigating a heist of more than Can$20 million (US$15 million) in gold and other "high-value" goods being moved through the Toronto airport.

Reports show meager profit outlook for midsized US banks

Banks were among the poorest-performing sectors on Wall Street Thursday, after earnings from midsized lenders pointed to a weakening profit outlook in the aftermath of a recent industry crisis.

US seeks 'constructive and fair' economic ties with China: Yellen

The United States seeks a "constructive and fair economic relationship" with China, even as Washington holds firm in defending the country's national security, Treasury Secretary Janet Yellen said Thursday.

Some ECB policymakers wanted rate hike pause: minutes

Some European Central Bank policymakers wanted to pause hiking interest rates at their last meeting in March due to financial market turmoil, minutes published Thursday revealed.

EU parliament denounces Uganda anti-gay bill

The European Parliament voted to condemn Uganda's anti-LGBTQ bill Thursday and urged the European Union to find a way to pressure President Yoweri Museveni into not implementing it.

French food delivery gig workers to get minimum wage

Major food delivery platforms on Thursday agreed a minimum hourly wage with representatives of French riders, the workers' FNAE union said.

Stock markets slip on auto woes, economy fears

Global equities slid on Thursday on auto sector woes and economic fears about the prospect of more interest rates aimed at cooling high inflation.

The British physicist making women scientists visible online

By day, Jessica Wade spends her time in a laboratory at Imperial College London surrounded by spectrometers, oscilloscopes -- and men.

US conservatives boycott Bud Light after transgender partnership

The popular US beer Bud Light has long carved out an all-American brand for itself -- finding success in its ubiquity by being available in seemingly any bar, yet establishing a niche along the way with patriotic cultural conservatives.

K-pop star Moonbin of boy band Astro dies at 25

K-pop star Moonbin, a member of the boy band Astro, has died, his music label and South Korean police said Thursday, prompting an outpouring of grief from fans.

67 million children missed out on vaccines because of Covid: UNICEF

Some 67 million children partially or fully missed routine vaccines globally between 2019 and 2021 because of lockdowns and health care disruptions caused by the Covid-19 pandemic, the United Nations said Wednesday.

Florida extends 'Don't Say Gay' law to all school years

Florida on Wednesday extended its controversial ban on lessons related to gender identity and sexual orientation to all school grades, a move pushed by the southern US state's Republican governor and likely presidential candidate Ron DeSantis.

Tesla profits fall on vehicle price cuts sending shares down

Tesla reported a drop in first-quarter earnings Wednesday as price cuts at Elon Musk's electric vehicle company boosted demand but hit profit margins.

No more red envelopes: Netflix ejects DVD service

After shipping out more than five billion DVDs in its trademark red envelopes, Netflix has finally called time on the movies-by-mail subscription service that launched the Hollywood streaming colossus.

UN chief to host May meeting on Afghanistan in Doha

The UN secretary-general is convening an international meeting on Afghanistan May 1-2 in Doha, where envoys will seek a "durable way forward" for the war-ravaged nation, his spokesman said Wednesday.

HSBC urges shareholders to vote against proposed split

Bank giant HSBC on Wednesday reached out to shareholders, urging them to vote down a proposal by its largest stakeholder, Chinese insurer Ping An, to split the business.

Interest rate concerns, inflation hobble stock markets

Stubbornly high UK inflation and worries about future central bank moves to tame rampant consumer prices helped drag down stocks across much of the world on Wednesday.

EU pledges more cash in Ukraine grain standoff, Bulgaria bans imports

Brussels on Wednesday offered an extra 100 million euros of support for EU farmers to ease a standoff over Ukrainian grain after Bulgaria became the latest country to approve a temporary ban on food products from the war-hit nation.

Iraq's Yazidis mark New Year still haunted by IS horrors

One by one, members of Iraq's minority Yazidi community light oil lamps to mark their New Year at a sacred shrine, but for Omar Sinan the celebration cannot erase the atrocities of jihadist rule.

The Fort Worth Press - Economy (English)