The Fort Worth Press

German economy weathering hard winter but risks loom

The surge in energy prices that followed Russia's invasion of Ukraine has pushed Germany to the brink of a recession, but the economic pain appears to be less severe than originally feared.

Full brunt of financial tightening yet to materialize: IMF

Countries have yet to see the full impact of tightening financial conditions, IMF chief Kristalina Georgieva said Thursday, warning that central banks have some way to go in their inflation battle.

Turkey lashes out at Sweden over Kurdish tweet

Turkey on Thursday summoned Sweden's ambassador to lodge an angry protest over a video posted by a Kurdish group in Stockholm that depicted President Recep Tayyip Erdogan swinging by his legs from a rope.

Stocks rise as US inflation falls

Europe and US stock markets rose Thursday as investors digested data showing a softening of US consumer inflation, potentially giving the Federal Reserve room to slow its interest rate hikes.

UN calls for urgent help to combat acute child malnutrition

The United Nations called Thursday for urgent funding to help 30 million children suffering from acute malnutrition "before it is too late" in countries being hammered by the food crisis.

US inflation hits slowest pace in over a year amid hopes of less hawkish Fed

Consumer inflation in the United States slipped in December to the lowest level in over a year, government data showed on Thursday, signaling the worst of red-hot price increases may be over.

UAE agrees to roll over Pakistan debt, add $1 billion more

The United Arab Emirates has agreed to roll over $2 billion owed by Pakistan and provide the country with an extra loan of $1 billion, Islamabad said Thursday.

Stocks mostly up before key US inflation data

Global stock markets mostly rose Thursday before data that is widely expected to show another softening of US consumer inflation, giving the Federal Reserve room to slow its interest rate hikes.

Harry tell-all book 'Spare' sells 1.4 mn copies on first day

Prince Harry's autobiography "Spare" sold 1.4 million English-language copies on its first day in the UK, United States and Canada, publisher Penguin Random House said on Thursday.

UAE names oil chief to head COP28 climate talks

The head of the United Arab Emirates' national oil company was named Thursday as president of this year's COP28 climate talks, prompting fierce criticism from environmental activists.

China lockdown hits Uniqlo parent's first-quarter profit

Fast Retailing, the parent company of Japanese clothing giant Uniqlo, said Thursday its net profit for the first quarter slid 9.1 percent because of the Covid-19 lockdown in China.

Analysts expect slowing US inflation, fueling hopes of less hawkish Fed

Consumer inflation in the United States is set to ease further in December, analysts say, in an encouraging trend that could bring some reprieve from rising interest rates.

Asian markets rise on optimism ahead of US inflation data

Asian markets rose Thursday as traders grew confident ahead of data later in the day that is expected to show another softening of US inflation, giving the Federal Reserve room to slow its pace of interest rate hikes.

US aviation regulator probing system outage after huge disruption

Aviation authorities were racing Wednesday to figure out what caused the outage of a crucial alert system that forced the temporary halt on all US domestic takeoffs, triggering thousands of delays and cancellations.

Global stocks rise as market bets on better US inflation data

Global stock markets mostly rallied Wednesday as investors were buoyed by optimism over China's reopening and upcoming data expected to show a further slowdown in US inflation.

US flights grounded over system outage, snarling airports

Aviation authorities were forced to temporarily ground all domestic flights across the United States on Wednesday due to a crucial alert system outage, triggering thousands of delays and cancellations.

Pharma lobby blasts 'stupid' pandemic patent plans

Stripping patent protection from Covid-19 treatments is a "mind-bogglingly stupid" idea, the head of a leading pharmaceutical lobby said Wednesday, warning that the move would put industry innovation at risk.

Hellish day at US airports after air traffic outage

Thousands of flights were canceled or delayed in the United States Wednesday following an hours-long nationwide grounding of departures due to an outage of a key computer system used by pilots.

UK minister meets N.Ireland politicians in bid to end deadlock

UK Foreign Secretary James Cleverly on Wednesday met Northern Ireland politicians to try to break months of political deadlock over post-Brexit trading rules and end a boycott of the power-sharing assembly in Belfast.

Crisis-hit Egypt's currency halved in value since March

The Egyptian pound traded Wednesday at half its value from March after the central bank intervened for a third time as part of an International Monetary Fund loan agreement.

Five things to know about the Czech Republic

The Czech Republic, which holds the first round of its presidential election on Friday and Saturday, is an ex-communist country that has been a part of the European Union since 2004.

Ex-PM, NATO general, economist lead Czech presidential vote

Three candidates -- a billionaire ex-premier, a former NATO general and an economist -- lead the polls ahead of Friday's first round of Czech presidential election.

Flights gradually resuming in US after nationwide stoppage

US air authorities ordered an hours-long grounding of flight departures nationwide Wednesday following an outage affecting a key system used by pilots before takeoff.

Tycoon Arnault names daughter Delphine as Dior chief

French billionaire Bernard Arnault announced Wednesday that his daughter Delphine would head his LVMH luxury empire's Dior fashion house in a leadership shuffle also featuring a new CEO at flagship brand Louis Vuitton.

World stocks mostly rise on recovery hopes before inflation data

Global stock markets mostly rallied Wednesday as investors were buoyed by optimism over China's reopening and looming data expected to show a further slowdown in US inflation.

German watchdog raps Google over user data practices

Germany's antitrust regulator on Wednesday criticised the way Google handles users' data and threatened action against the US tech giant.

Uniqlo parent company to boost Japan wages up to 40%

Uniqlo's parent company said Wednesday it would raise the wages of thousands of its employees in Japan by up to 40 percent to help it become more competitive globally.

UK, Japan to sign major defence deal allowing troop deployments

The British and Japanese prime ministers will sign a "hugely significant" new defence deal allowing UK troops to deploy in Japan when the pair meet in London on Wednesday, Downing Street said.

Asian markets rise again on recovery hope as inflation data looms

Asian equities pushed higher Wednesday as investors were buoyed by China's reopening and optimism that key data due this week will signal a further slowdown in US inflation.

UK and Japan to sign major defence deal as PM Kishida visits London

UK Prime Minister Rishi Sunak and his Japanese counterpart Fumio Kishida will sign a "hugely significant" new defence agreement when the pair meet in London on Wednesday, Downing Street said.

UK minister to meet N.Ireland parties in bid to end deadlock

UK Foreign Secretary James Cleverly on Wednesday sits down with Northern Ireland's political leaders in Belfast to try to end a political deadlock caused by wrangling over post-Brexit trading rules.

Meta bans ads targeted at teens based on gender

Meta, owner of Instagram and Facebook, on Tuesday said it will stop allowing advertisers to target ads at teens based on gender, as it fights accusations that its platforms are harmful to young users.

The Fort Worth Press - Economy (English)

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Tesla profits fall on higher spending as 'Elon Inc.' talk builds

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