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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.

Алекс Боди и ръководителят на BlackRock Лари Финк в Берлин: инвестиции в Германия и Румъния?

Румънският предприемач напоследък е чест гост в германската столица Берлин, където пристигна на 20 октомври 2026 г. от Мадрид през Флоренция. Затова не беше случайно, че малко след 9:20 ч., точно навреме, Боди стоеше до частния самолет Embraer Phenom 300E с регистрационен знак CS-PHW, откъдето беше взет с Maybach, за да се отправи бързо към бившата сграда на Държавния съвет като участник в икономическата среща на върха „Invest in Germany Summit“.

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US charges Korean Crypto fugitive after reported arrest in Montenegro

Fugitive South Korean cryptocurrency entrepreneur Do Kwon, accused of orchestrating a multi-billion-dollar fraud that shook global crypto markets last year, has been arrested in Montenegro and faces fresh criminal charges in the United States.

Trans women banned from female athletics

Transgender women will no longer be allowed to compete in female track and field events regardless of their levels of testosterone, World Athletics president Sebastian Coe said Thursday, citing fairness over inclusion.

Central banks hike rates despite turmoil

The Bank of England joined Norway and Switzerland in hiking interest rates Thursday as inflation remains elevated, though banking-sector turmoil could soon lead to a pause in US tightening as hinted by the Federal Reserve.

Hosts Bilbao ready as 'Tour de France' 100-day countdown starts

The mayor of Basque city Bilbao told an event to mark 100 days to the start of the 2023 Tour de France on July 1 that he was eager to show off his city to a global audience.

UBS, Credit Suisse tie-up may not lead to Swiss bliss

The marriage of UBS and Credit Suisse was hastily arranged to prevent a global financial meltdown -- but the resulting megabank could cause domestic problems in Switzerland, the central bank admitted Thursday.

German unions call major transport strike

Transport across much of German will be paralysed Monday as workers strike demanding higher wages to cope with surging inflation, the latest industrial action in Europe's top economy.

Shou Zi Chew, TikTok's low-key CEO, faces down US Congress

TikTok's CEO Shou Zi Chew, who will represent the Chinese company in a US congressional meeting Thursday, is a former banker turned tech boss whose soft-spoken persona belies his meteoric rise.

Stocks mixed after more interest rate hikes

Wall Street rose but European stock markets fell Thursday after the Bank of England and other central banks joined the US Federal Reserve in hiking rates despite turmoil in the banking sector.

Controversy in France over AI-assisted Olympics surveillance

French government plans to trial surveillance cameras upgraded with artificial intelligence at the 2024 Paris Olympics have opponents fuming at what they say is unnecessary and dangerous security overreach.

More central banks hike rates despite banking turmoil

The Bank of England joined Norway and Switzerland in hiking interest rates Thursday to tackle stubbornly-high inflation, though banking-sector turmoil could soon lead to a pause in US tightening as hinted by the Federal Reserve.

European stocks drop after rate hikes

European stocks sank Thursday after the US Federal Reserve and other central banks in Europe hiked interest rates despite turmoil in the banking sector.

Toshiba says it will 'support' $15 bn takeover bid

Troubled Japanese conglomerate Toshiba said Thursday it will "support" a $15 billion takeover bid by a consortium led by investment fund Japan Industrial Partners.

After Fed, European central banks hike rates

Switzerland and Norway hiked interest rates Thursday to tackle inflation despite banking-sector turmoil, with the Bank of England next in line after the US Federal Reserve also lifted borrowing costs.

Toshiba to go private as board accepts $15 bn takeover bid: reports

Troubled Japanese conglomerate Toshiba on Thursday accepted a $15 billion takeover bid by a consortium led by investment fund Japan Industrial Partners, major local media outlets reported.

After Fed, European central banks hike their rates

Switzerland and Norway hiked interest rates Thursday to tackle inflation despite banking-sector turmoil, with the UK's central bank next in line after the US Federal Reserve also lifted borrowing costs.

Asian markets rise as dollar falls on Fed rate hopes

Asian markets mostly rose Thursday and the dollar retreated, brushing off a Wall Street retreat on hopes the Federal Reserve's latest interest rate hike would be one of its last.

Asian markets fall with Wall St after Fed rate hike, warning

Asian markets skidded Thursday, tracking losses on Wall Street after the US Federal Reserve hiked interest rates again and dealt a blow to hopes it could cut them later in the year to soothe worries over the banking sector.

After Fed, Europe's central banks to decide on rates

A clutch of European central banks announce interest-rate decisions Thursday as markets remain jittery over turmoil in the global banking sector.

Brazil's Lula irks foreign oil companies with new tax

Brazilian President Luiz Inacio Lula da Silva has not even been in power for 100 days but has already provoked the wrath of foreign oil companies with the creation of a new tax on crude exports.

US Fed lifts key interest rate, voices banking sector concerns

The US Federal Reserve raised its benchmark lending rate on Wednesday, as it sought to strike a balance between curbing high inflation and averting further upheaval in the commercial banking sector.

US stocks tumble after Fed rate hike, concerns on economy

Wall Street stocks slumped Wednesday as the US Federal Reserve continued hiking interest rates to fight inflation, while noting that banking sector turmoil could weigh on the economy.

US Fed lifts key interest rate amid banking sector fears

The US Federal Reserve raised its benchmark lending rate on Wednesday, as it sought to strike a balance between curbing high inflation and averting further upheaval in the commercial banking sector.

Stock markets mark time before crucial Fed rate call

Wall Street stocks marked time and European markets made timid gains on Wednesday as investors awaited the US Federal Reserve's latest interest rate decision following upheaval in the banking sector.

Five years after his death, Philip Roth's concern for US democracy lives on

Five years after his death, Philip Roth's concern for the state of American democracy lives on, evidenced during a sprawling celebration and debate of the writer's legacy on what would have been his 90th birthday.

Army convoy brings food to blockaded Burkina city

An army convoy has delivered desperately-needed supplies to a northern Burkina Faso city that has been blockaded by jihadists for months, locals and security sources told AFP Wednesday.

Debt-ridden China Evergrande rolls out restructuring plan

Troubled Chinese property giant Evergrande unveiled on Wednesday a long-awaited restructuring proposal for its massive debts, as it fights off a winding-up court petition brought by creditors in Hong Kong.

Stock markets mixed before crucial Fed rate call

Wall Street fell but European stock markets rose on Wednesday as investors awaited the US Federal Reserve's latest interest rate decision following upheaval in the banking sector.

Greek trains resume after rail disaster: operator

Some intercity rail travel resumed in Greece on Wednesday for the first time since a head-on collision killed 57 people in the nation's worst rail disaster more than three weeks ago, operator Hellenic Train said.

Greek trains back on track after rail disaster: operator

Intercity rail travel resumed in Greece on Wednesday for the first time since a head-on collision killed 57 people in the nation's worst rail disaster more than three weeks ago, operator Hellenic Train said.

Gaming giant Tencent's 2022 annual net profit falls 16%

Chinese gaming giant Tencent's profits fell steeply last year, according to an earnings report released Wednesday, as the country's tech sector weathers a government crackdown and a shaky economy.

Stock markets mostly rise before crucial Fed rate call

Major stock markets mostly rose Wednesday on soothing worries over the banking sector, according to analysts.

Xi departs Moscow, Russia strikes Ukraine school

A Russian drone attack on a school near Kyiv killed at least four people before Chinese leader Xi Jinping left Moscow on Wednesday at the close of a summit with President Vladimir Putin.

The Fort Worth Press - Economy (English)