The Fort Worth Press

Stock markets climb on easing bank fears, Alibaba split

Stock markets advanced on Wednesday as fears of a banking crisis fade further in investors' rearview mirror while Chinese tech giant Alibaba's breakup plans boosted most Asian shares.

US VP unveils $1bn for African women's empowerment

The United States Vice President Kamala Harris announced a more than $1 billion initiative to improve women's economic empowerment in Africa on Wednesday at the end of the first leg of a three-nation trip to the continent.

US approves sale of anti-overdose drug Narcan without prescription

The US drug regulator announced Wednesday that Narcan, the treatment which reverses overdoses, can be distributed without prescription, a move that comes as the country battles an acute opioid addiction crisis.

Stock markets jump on easing bank fears, Alibaba split

Stock markets advanced on Wednesday as fears of a banking crisis fade further in investors' rearview mirror while Chinese tech giant Alibaba's breakup plans boosted most Asian shares.

Nigeria's cash shortage eases after strike threat

A lingering cash crunch in Nigeria, which saw long lines of customers at banks and cash dispenser machines was easing on Wednesday after the central bank reissued old naira notes back into circulation.

Montenegro says US, S.Korea seek extradition of crypto fugitive

The United States and South Korea have sought the extradition from Montenegro of fugitive cryptocurrency entrepreneur Do Kwon, the country's minister of justice said Wednesday, just days after he was arrested in the Balkan nation.

UK unveils plans to house asylum seekers in military bases

The UK plans to temporarily house asylum seekers in disused military bases and could use ferries and barges in the future in a bid to reduce hotel bills, immigration minister Robert Jenrick announced Wednesday.

Rare pink diamond worth $35 mn set for auction in New York

A rare, vividly rosy-purple diamond, called the Eternal Pink and valued at $35 million, is set to be auctioned off by Sotheby's as part of its Magnificent Jewels sale in New York in June.

Stock markets jump on easing bank fears, Alibaba restructure

Stock markets rose solidly Wednesday on easing fears of contagion from the banking crisis.

Ermotti back as UBS CEO to handle Credit Suisse takeover risks

UBS announced Wednesday it will bring back former chief executive Sergio Ermotti to handle the huge risks involved in the Swiss banking giant's controversial absorption of troubled rival Credit Suisse.

'Lily Savage', UK star who made drag mainstream, dies at 67

The British royal family led tributes Wednesday to comedian and entertainer Paul O'Grady who made drag culture mainstream with his alter ego Lily Savage.

France probes case of man gravely injured at water protest

French prosecutors said Wednesday they were probing the case of a man seriously wounded at a demonstration over access to water, after his family filed a criminal complaint.

Musk and experts call for halt in 'giant AI experiments'

Billionaire mogul Elon Musk and a range of experts called on Wednesday for a pause in the development of powerful artificial intelligence (AI) systems to allow time to make sure they are safe.

Alibaba's overhaul: a 'smart' move after China crackdown

Alibaba, China's biggest e-commerce company, has announced plans to split its business into six groups, in one of the most significant overhauls of a leading Chinese tech firm to date.

Germany to open its doors as labour shortage bites

An apprenticeship at a steelmaker brought Steven Maillot from the French island of Reunion in the Indian Ocean to Eisenhuettenstadt in Germany, a stone's throw from the Polish border.

Hong Kong art market hits pre-pandemic highs despite curbs

As thousands of visitors streamed through a Hong Kong exhibition hall and deals were struck for works by Picasso and Yayoi Kusama, art collectors celebrated the Asian financial hub's return to its bustling heyday.

UBS brings back Ermotti as CEO to lead Credit Suisse takeover

UBS announced Wednesday it was bringing back former CEO Sergio Ermotti to lead the Swiss banking giant's controversial acquisition of troubled rival Credit Suisse.

Sergio Ermotti back as UBS chief for Credit Suisse takeover

Sergio Ermotti will return as CEO of Swiss banking giant UBS to pilot the controversial acquisition of troubled rival Credit Suisse, its board announced Wednesday.

Senegal's gold rush brings hope and despair

Mohamed Bayoh climbed into the deep, pitch-black hole, hoping to emerge with a nugget that would change his life.

'Just unimaginable': Nashville residents reel from school shooting

Robin Wolfenden was practicing yoga on her balcony on a spring morning in Nashville when she heard the sirens -- the sound of first responders rushing to the scene of America's latest school shooting.

Car battery recycling market gears up for future boom

Researcher Anna Vanderbruggen peers into a vat of dark bubbling liquid, the result of a process she has developed to recover graphite from old lithium-ion batteries.

Hong Kong leads Asian markets higher on Alibaba boost

Asian stocks were broadly up on Wednesday to buck losses on Wall Street, led by massive gains for Chinese tech behemoth Alibaba after it announced it would split into six business groups.

'Historic': Europe rights court hears climate cases against governments

The European Court of Human Rights will hear cases against France and Switzerland over alleged failings to protect the environment Wednesday, the first time governments are in the court's dock for alleged climate change inaction.

Vietnam's robusta: the go-to coffee bean in a warmer world?

Bitter and earthy. Fit for instant brews only. Robusta coffee has a dire reputation, but a small group of farmers in Vietnam is trying to turn the bean's fortunes around as a warming world threatens the industry.

T-Rex skeleton on show in Zurich before auction

Yolanda Schicker-Siber gingerly fastens a pointy claw bone with a thin metal wire, putting the finishing touches on a giant Tyrannosaurus-Rex skeleton before a rare auction in Switzerland next month.

'We're not dogs': migrant anger boils after Mexico tragedy

Searching desperately for his brother after a fire killed dozens at a Mexican immigrant detention center, Abel Maldonado pleaded with authorities to stop treating migrants like animals.

Canada budget doles out incentives for clean economy

Canada unveiled a budget on Tuesday that aims to make it a clean energy "superpower" and secure a leading place in global supply chains for critical minerals and electric vehicles.

Biden kicks off campaign touting US economy

President Joe Biden launched a new drive Tuesday to promote a major theme of his expected reelection campaign, touting what he said was a resurgence of US manufacturing -- and warning Republicans could tank the economy.

Israeli parties open talks on justice reforms

Israel's far-right government and opposition parties began talks Tuesday on controversial judiciary reforms that sparked a general strike and mass protests, in the country's most severe domestic crisis in years.

'Close to home': Nashville residents reel from school shooting

Robin Wolfenden was practicing yoga on her balcony on a spring morning in Nashville when she heard the sirens -- the sound of first responders rushing to the scene of America's latest school shooting, this time at nearby Covenant School.

Israeli parties to open talks on justice reforms

Israel's far-right government and opposition parties were set to open talks Tuesday evening on controversial judiciary reforms that sparked a general strike and mass protests, the presidency said.

Stocks mixed as bank fears recede

Global stock markets fluctuated on Tuesday as fears of a banking crisis ebbed after weeks of turmoil.

The Fort Worth Press - Economy (English)

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