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Asian stocks back in retreat as tech mood sours again

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

Why Chile's copper output is sinking despite booming demand

The world is hungrier than ever for copper, a key ingredient in green energy and the data centers that power artificial intelligence.

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France faces huge disruption as pension protests kick off

France woke up to a day of paralysis Tuesday with transport blockages, mass strikes and demonstrations hitting the country for the second time in a month to protest a planned reform to raise the retirement age.

Asian markets take fresh hit as nervous traders await Fed meeting

Asian markets sank Tuesday following a big selloff on Wall Street and ahead of a key Federal Reserve policy decision later in the week, while data showing a bounce in Chinese economic activity failed to lift the mood.

Winter not over, but Europe braces for the next one

Europe has weathered the energy crisis that followed Russia's invasion of Ukraine so far, but businesses and households are already thinking about how to get through the next winter.

Pakistan's economy in 'collapse' as IMF visits

Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy in short supply as IMF officials visit to discuss a vital cash injection.

China factory output rebounds on zero-Covid relaxation

China's factory activity expanded in January after months of contraction, official data showed Tuesday, as the world's second-largest economy stirs back to life after Beijing ended strict Covid curbs.

Eye-watering onion prices make Philippine staple a luxury

Even before his onions are fully grown, Philippine farmer Luis Angeles races to harvest the crop and cash in on eye-watering prices for a vegetable that has become a luxury item in the country.

France braces for disruption as more pension protests loom

France is bracing for major transport blockages on Tuesday, with mass strikes and protests set to hit the country for the second time in a month in objection to a planned reform to raise the retirement age.

China manufacturing activity rebounds in January

China's factory activity expanded in January after four months of contraction, official data showed Tuesday, as its economy rebounded following the relaxation of strict Covid-19 curbs.

Bonza airline launches budget flights in Australia

A new Australian budget airline, Bonza, launched its first flight Tuesday, promising cheap tickets, onboard craft beer, snags (sausages) and a relaxed approach to crew uniforms.

IMF lifts 2023 growth forecast with boost from China reopening

EMBARGOED. HOLD HOLD HOLD.

Samsung quarterly profits plunge to 8 year low on demand slump

Samsung Electronics said Tuesday that its fourth-quarter operating profits plunged nearly 70 percent, the biggest drop in more than eight years, as the global economic slowdown dealt a blow to electronics and chips sales.

UN calls on Taliban to let women help give aid to desperate Afghans

The UN humanitarian chief said Monday he has pleaded with the Taliban to let women participate in a massive effort to support desperate Afghans struggling to survive a "savage" winter.

Polish govt 'appalled' by raped girl's struggle to get abortion

Poland's health minister weighed in Monday on a high-profile sexual assault case, saying it was "unacceptable" that a mentally disabled 14-year-old girl struggled to get a legal abortion.

Peru: timeline of unrest since 'first poor president' ousted

Deadly protests have gripped Peru since Congress threw out the country's first working-class president, Pedro Castillo, in December after he tried to dissolve parliament and rule by decree.

Future of Welsh rugby at stake over allegations of sexism: acting CEO

Acting Welsh Rugby Union chief executive Nigel Walker has warned the future of the game in Wales is at stake over the allegations of misogyny, sexism, racism and homophobia that have roiled the organisation.

WHO urges investment in neglected tropical diseases

The World Health Organization on Monday called for greater investment in combating neglected tropical diseases, which left more than 1.6 billion people, often in least-developed countries, requiring treatment in 2021.

Philips cuts 6,000 jobs after sleep device recall

Embattled Dutch medical tech maker Philips said on Monday it will slash 6,000 more jobs worldwide in a bid to restore profitability after a massive recall of faulty sleep respirators.

Fight climate change without slowing growth, says UAE's COP28 chief

The fight against global warming should not be at the expense of economic growth, the UAE oil chief who will lead this year's UN climate talks said on Monday.

Markets lose ground as traders await rate decisions

Stocks mostly fell Monday as traders struggled to maintain momentum from last week's rally, though Shanghai advanced as mainland Chinese markets reopened after a week-long Lunar New Year break.

Adani fails to stem stock rout at Indian business empire

Gautam Adani's vast Indian business empire lost billions of dollars more in value on Monday after its rejection of claims of widespread fraud failed to reassure investors.

Renault-Nissan: key moments in a rocky alliance

In the decades since Renault rescued Nissan from bankruptcy, their union has brought strength but also friction, heightened by the 2018 arrest of alliance head Carlos Ghosn.

Ryanair rebounds into profit as bookings soar

Ireland's Ryanair flew back into profit in the final three months of 2022 as travellers flocked to budget airlines during Europe's cost-of-living crisis.

Philips cuts 6,000 more jobs after sleep device recall

Embattled Dutch medical tech maker Philips said on Monday it will slash 6,000 more jobs worldwide after fresh losses caused by a massive recall of faulty sleep respirators.

Asian markets lose ground as traders await rate decisions

Asian stocks mostly fell Monday as traders struggled to maintain momentum from last week's rally, though Shanghai advanced as mainland Chinese markets reopened after a week-long Lunar New Year break.

Shah Rukh Khan's 'Pathaan' smashes Indian box office records

Superstar Shah Rukh Khan's new film "Pathaan" has smashed Indian box office records following its release last week, bringing hope to Bollywood after a spate of weak showings.

Renault to reduce stake in Nissan, rebalancing alliance

French automaker Renault will slash its stake in partner Nissan as part of a deal rebalancing the rocky alliance between the two companies, the Japanese firm said Monday.

Toyota top-selling automaker for third year running

Japan's Toyota was the world's top-selling automaker in 2022, retaining its lead over German rival Volkswagen for the third year, company data showed Monday.

Asian markets mixed as traders await rate decisions

Asian stocks were mixed Monday as traders struggled to maintain momentum from last week's rally, though Shanghai advanced as mainland Chinese markets reopened after a week-long Lunar New Year break.

ECB to hike rates again, but outlook brightens

The European Central Bank is expected to push on with its inflation fight Thursday with a fresh rate hike, even as signs grow the eurozone might have passed the worst of an economic shock.

At California gun fair, few speak of recent massacres

With ammunition, rifles and bullet-proof vests on display, business is brisk at a Los Angeles area gun show -- so much so you'd never know a mass shooting unfolded nearby just days ago.

Tunisia opposition calls for unity after tepid election turnout

Tunisia's main opposition coalition urged a united front against President Kais Saied after just 11.3 percent of Tunisians voted Sunday in a second-round poll for a toothless parliament in the politically divided nation.

Top Republican to meet Biden on avoiding US debt default

Top Republican Kevin McCarthy said he would meet Wednesday with Joe Biden to discuss avoiding a US debt default, but warned the president must rethink his refusal to consider spending cuts in exchange for raising the borrowing limit.

The Fort Worth Press - Economy (English)