The Fort Worth Press

Featured

Handful of Micron workers strike in Taiwan

A handful of workers at a Micron Technology plant in Taiwan went on strike on Thursday after their union and the US chip giant failed to agree on employee demands for a greater share of the company's profits, a union official said.

Barclays bank to cut about 5,000 jobs amid AI drive

British bank Barclays announced Thursday plans to cut around 5,000 jobs, or roughly five percent of its global workforce, by the end of 2026 in an AI efficiency drive.

Last news

Turkey's inflation slows to 50% ahead of election

Turkey's annual inflation rate slowed to 50 percent in March, official data showed on Monday, delivering another boost for President Recep Tayyip Erdogan ahead May elections.

'It hurts': DR Congo currency drops amid war spending, arrears payments

A falling local currency, salary arrears payments and war spending have pushed up prices in impoverished Democratic Republic of Congo, leaving locals struggling to afford basics.

Oil prices soar as producers unveil shock output cut

Oil prices soared Monday after top producers unveiled a shock output cut of more than a million barrels, while equities mostly rose after data showed US and European inflation eased further last month.

Business confidence slumps among Japan's big manufacturers

Japan's largest manufacturers feel less optimistic about business conditions with confidence falling to its lowest level in more than two years, a key survey showed Monday.

Montenegro's veteran leader Djukanovic loses presidential run-off

Montenegro's political establishment was rocked Sunday night after long-time leader Milo Djukanovic suffered a crushing defeat in the country's presidential run-off to the upstart Jakov Milatovic, ending decades of rule by the incumbent.

Oil powers announce surprise cuts of more than 1 million bpd

Major oil powers led by Saudi Arabia announced a surprise production cut of more than one million barrels per day on Sunday, calling it a "precautionary" move aimed at stabilising the market.

'Dungeons & Dragons' finds N. America moviegoers are game

"Dungeons & Dragons: Honor Among Thieves" scorched the competition in North American theaters this weekend with an opening take estimated at $38.5 million, industry watcher Exhibitor Relations said Sunday.

Swiss prosecutors say investigating UBS-Credit Suisse merger

Swiss federal prosecutors said Sunday that they had begun investigating the UBS takeover of its embattled banking rival Credit Suisse.

Barcode turns 50 but its days might be numbered

The patch of irregular vertical lines that revolutionised checking out at the supermarket and facilitated the globalisation of retail is turning 50.

Boon or blight? E-scooters around the world

The for-hire electric scooters that have become ubiquitous in Paris and other cities worldwide are under scrutiny in the French capital, where residents vote Sunday on whether to ban them.

Paris votes on whether to ban e-scooters for hire

Voters in Paris are set to decide Sunday on whether to banish electric scooters for rent from the streets of the French capital, which was a pioneer in adopting the divisive new form of urban transport.

Deadly storms and tornadoes sweep through central US

A major storm system bore down on the US east coast on Saturday, after producing tornadoes and devastating winds across several central states that killed at least 11 people.

Battle in Colombia over river-wrecking gold 'dragons'

The giant skeletons of burnt and dismantled gold dredgers litter the rivers of northwest Colombia, where the government is waging a full-out war on illegal mining.

Musk defends paid Twitter as blue tick ultimatum looms

Elon Musk on Friday defended his controversial pay model for Twitter, claiming that any social media platform that didn't follow suit would fail because they would be swarmed by bots.

IMF approves $15.6 bn Ukraine loan package

The International Monetary Fund has approved a $15.6 billion support package for Ukraine to assist with the conflict-hit country's economic recovery, the fund said in a statement Friday.

Fifteen hurt as two Swiss trains derail in storm

Fifteen people were injured, including at least one seriously hurt, in two separate train derailments that happened in quick succession Friday in stormy wind in northwestern Switzerland, police said.

Andrew Tate to move from jail to house arrest: Romania court

A Romanian court on Friday ordered that controversial influencer Andrew Tate and his brother be moved from jail to house arrest while they are investigated for alleged human trafficking and rape.

Mixed reception to UK unveiling trans-Pacific trade pact membership

The UK's announcement that it will soon join 11 other countries in a major Asia-Pacific trade partnership -- the country's biggest post-Brexit trade deal to date -- earned a mixed reception on Friday.

Pirates kidnap six crew from Danish ship off West Africa

Pirates who seized a Danish oil tanker off Congo last week have kidnapped six crew and abandoned ship, the French navy said Friday.

Eurozone and US inflation slow, bringing respite to policymakers

Eurozone inflation slowed sharply in March while US price increases eased last month as well, official data showed Friday, offering some relief to policymakers.

Italy blocks AI chatbot ChatGPT over data privacy failings

Italy said on Friday it was temporarily blocking ChatGPT over data privacy concerns, the first western country to take such action against the popular artificial intelligence (AI) chatbot.

Stocks advance as inflation slows

Stocks advanced Friday as data showed inflation slowing in the eurozone and the United States, and a UK economy performing slightly better than thought.

Racism claims against ex-England captain Vaughan 'not proved'

Former England cricket captain Michael Vaughan has been cleared "on the balance of probabilities" of using racist language before a Yorkshire match in 2009.

Erdogan embarks on his toughest election test

President Recep Tayyip Erdogan travels to the heart of Turkey's earthquake disaster zone on Friday to formally kick off the toughest election campaign of his two-decade rule.

Eurozone inflation slows sharply in March as energy costs drop

Inflation in the eurozone slowed more sharply than expected in March but food prices jumped even as energy costs declined, official data showed Friday.

UK recession risks linger despite brighter growth data

The UK economy performed slightly better than thought in the final quarter of last year, revised data showed Friday, but analysts warned of recession risks as inflation remains sky high.

European equities extend gains on inflation slowdown

Europe's stock markets advanced Friday on news of slowing eurozone inflation and a UK economy performing slightly better than thought.

Huawei reports huge drop in profits; Meng appointed chair

Huawei posted a massive drop in 2022 profits on Friday, as the company battered by US sanctions appointed its CEO's daughter to be its rotating chair.

Small store is lifeline for locals in war-torn Ukraine

With pink-painted walls, the small general store stocks a little bit of everything -- from cheese to cigarettes to shampoo -- providing a lifeline to local residents and soldiers.

Eurozone inflation falls sharply to 6.9% in March

Inflation in the eurozone slowed more sharply than expected in March but food prices jumped even as energy costs eased, official data showed Friday.

LGBTQ Ugandans desperately seek safety from anti-gay law

"They are going to arrest us because I cannot pretend to be what I am not," said Alex, a gay man in Uganda, where MPs last week passed what has been criticised as among the world's harshest anti-gay legislation.

Huawei reports huge drop in profits as US sanctions bite

Huawei's profits fell almost 69 percent last year, the company said Friday, as US sanctions and international economic uncertainty bit into the Chinese tech giant's earnings.

The Fort Worth Press - Economy (English)