The Fort Worth Press

German inflation drops on gas bill subsidy

German inflation eased in December for a second straight month, preliminary data showed Tuesday, as government interventions helped bring down energy prices.

Stock markets rally on New Year boost

Global stocks rallied Tuesday thanks to a New Year boost, which is clouded however by rising interest rates, recession worries and Russia's war on Ukraine.

Strike-hit UK faces first rail stoppage of 2023

UK rail staff disrupted the New Year return to work on Tuesday in the latest strike action by workers in a range of sectors over the worst cost-of-living crisis in a generation.

France signals flexibility in face of pension reform resistance

The French government said Tuesday it could be flexible on its plan to raise the retirement age to 65, part of a hugely controversial pension reform project pushed by President Emmanuel Macron.

Markets mostly rise at start of new year, but worries persist

Most markets bounced from early losses and the yen hit a seven-month high Tuesday to start the year on a positive note, but ongoing worries about interest rates, China's growth and the Ukraine war continue to dampen the mood.

Turkey's inflation rate slows sharply to 64.3%

Turkey's annual inflation pulled back further in December from a two-decade high, official data showed Tuesday, helping President Recep Tayyip Erdogan's chances in elections due by June.

Troubled China Evergrande pledges to repay debts in 2023

China Evergrande has pledged to repay its debt this year, as the property giant faces a restructuring following Beijing's crackdown on excessive borrowing and rampant speculation in the real estate sector.

Asian markets struggle out of gate for new year

Asian stocks started Tuesday on the back foot as traders in most markets returned from the new year break to the same worries over interest rates, China's growth and the Ukraine war, which fuelled a worldwide rout last year.

Shunned by youth, Morocco cosmetic oil craft faces uncertain future

Morocco's argan oil is highly prized by the cosmetics industry, yet it is now mostly produced by elderly workers, raising questions about how long the artisanal practice can continue.

Tesla posts disappointing deliveries for 2022

Tesla said Monday it had delivered 1.31 million electric vehicles in 2022 -- a record for the US automaker and a 40 percent jump from a year before, but still short of its own and Wall Street's expectations.

European markets start New Year on high note

European stock markets started the New Year on a high note on Monday after a rough 2022 but the IMF chief warned that a third of the world economy faces recession in 2023.

Can the French embrace cuisine sans booze?

It remains an uncomfortably foreign idea for some, but even the wine-loving French are experimenting with non-alcoholic drinks these days.

AI infused everything on show at CES gadget extravaganza

The latest leaps in artificial intelligence in everything from cars, robots to appliances will be on full display at the annual Consumer Electronics Show (CES) opening Thursday in Las Vegas.

Canada bans most foreigners from buying homes

A ban on foreigners buying residential property in Canada took effect on Sunday, aiming to make more homes available to locals facing a housing crunch.

Pope pays homage to 'noble, kind' ex-pope Benedict

Pope Francis paid homage Saturday to "noble" and "kind" ex-pope Benedict XVI, who has died at the age of 95, a decade after becoming the first pontiff since the Middle Ages to resign.

Catholic faithful hail 'a great pope' on Benedict's death

Catholics expressed sadness and admiration Saturday for former pope Benedict XVI, following news of his death aged 95.

Pele's barber of 60 years laments a double loss

The Brazilian barber who cut Pele's hair for more than 60 years is lamenting the loss of both a customer and a close friend.

At the Vatican, faithful hail 'a great pope'

Catholics and tourists visiting St Peter's Square on Saturday expressed sadness and admiration for former pope Benedict XVI, following news of his death aged 95.

Benedict XVI: The pope who walked away

Benedict XVI, who died on Saturday aged 95, was the first pope to resign since the Middle Ages after a papacy beset by Church infighting and outcry over paedophilia.

Former pope Benedict XVI dies aged 95

Former pope Benedict XVI has died at the age of 95, the Vatican announced Saturday, almost a decade after he became the first pontiff to resign in six centuries.

US stocks mark end to 'terrible year' of rate hikes and inflation

Wall Street stocks saw their worst year since 2008 on Friday, after a "terrible" period shaken by inflation and aggressive moves to rein in costs.

Stocks stumble to end 'miserable' 2022

Stock markets were wrapping up their worst performances in years on Friday before heading into 2023 under recession fears following Russia's invasion of Ukraine, high inflation and rising interest rates.

US stocks ready to end 'terrible year' of rate hikes and inflation

Wall Street is headed for its worst showing in years as US stocks slumped Friday, ready to end a "terrible year" shaken by inflation and aggressive responses to rein in costs.

Stocks suffer worst performance in years in 'miserable' 2022

Stock markets were wrapping up their worst performances in years on Friday before heading into 2023 under recession fears following Russia's invasion of Ukraine, high inflation and rising interest rates.

Sweden takes EU presidency after shift to the right

Sweden takes over the EU's rotating presidency from January 1 vowing to maintain unity on Ukraine and uphold free trade in the face of calls for a tougher response to US green subsidies.

Sanctions-hit Huawei says back to 'business as usual'

Chinese tech giant Huawei said on Friday it had returned to "business as usual" despite US sanctions as it estimated annual revenues to remain flat for 2022.

Indian tycoon Adani finalises takeover of broadcaster NDTV

Indian tycoon Gautam Adani on Friday secured a majority stake in leading news broadcaster NDTV, finalising a hostile takeover that has sparked press freedom fears in the world's biggest democracy.

Brazil's 'Janja' wants to give 'new meaning' to first lady role

Brazilian President Luiz Inacio Lula da Silva credits his wife of mere months, Rosangela da Silva, with giving him new life.

Debt spiral engulfs Turkish voters months before polls

The growing pile of debt notices covering the Ankara district mayor's desk hint at the scale of the economic crisis facing Turkish voters months before crucial presidential polls.

First legal recreational marijuana shop opens in New York City

New York's first legal recreational marijuana dispensary opened on Thursday in the heart of Manhattan.

S. Korea imposes restrictions on travellers from China over Covid surge

South Korea took steps on Friday to limit travellers from mainland China, imposing visa restrictions, testing requirements and limiting flights as Beijing grapples with a surge in Covid-19 infections.

Peru to invest $1.6 bn to reactivate economy

Peru's economy minister pledged on Thursday to launch an investment program of $1.6 billion to ramp up growth hampered by constant political crises.

The Fort Worth Press - Economy (English)

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