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Tesla profits drop on tech spending spree as 'Elon Inc.' talk builds

Tesla reported lower third-quarter profits Wednesday as near-trillionaire Elon Musk's electric vehicle maker ramped up huge investments in artificial intelligence and other envelope-pushing technologies.

eBay to slash 1,000 more jobs, around 9% of workforce

US e-commerce platform eBay will cut some 1,000 jobs, or about nine percent of its workforce, a spokesperson told AFP on Wednesday, following an initial round of layoffs in February.

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Paris shooting suspect to appear before judge

A French pensioner suspected of fatally shooting three Kurds in Paris was due Monday before a judge who will decide on whether to charge him in the case that sparked angry protests.

Asian stocks start week positively

Asian stocks started on a positive note Monday, buoyed by gains on Wall Street last week although spiralling Covid-19 cases in China weighed on sentiment in thin holiday trade.

Savage US blizzard leaves 31 dead, power outages, travel snarls

A brutal winter storm brought Christmas Day danger and misery to millions of Americans Sunday as intense snow and frigid cold gripped parts of the eastern United States, with weather-related deaths rising to at least 31.

Six killed in Spain after bus plunges into river

Six people died and two were injured after a bus plunged into a river overnight while crossing a bridge in Spain's northwestern Galicia region, officials said Sunday.

King Charles hails UK public 'solidarity' in first Christmas message

King Charles III has hailed the "heartfelt solidarity" of people across the recession-hit UK struggling with a worsening cost of living crisis, in his first Christmas Day message as monarch.

South Africa fuel tanker blast death toll rises to 15

The death toll from a fuel tanker explosion in a South African city east of Johannesburg has risen to 15, the health minister said Sunday.

Suspect in Paris shooting admits to 'pathological' hatred of foreigners

A French man suspected of killing three Kurds in Paris has confessed to a "pathological" hatred for foreigners, Paris prosecutor Laure Beccuau said on Sunday.

Suspect in Paris shooting transferred to psychiatric unit

A French man suspected of killing three people in a "racist" attack at a Kurdish cultural centre in Paris has been transferred to a psychiatric unit, prosecutors said, as police and demonstrators clashed in the French capital.

Despite 'Pinocchio' success, del Toro fears for Mexican cinema

Despite his international success, including a new adaptation of the classic puppet tale "Pinocchio," Oscar-winning Mexican director Guillermo del Toro fears that his country's cinema industry is facing "systematic destruction."

Global stocks mixed as oil prices jump on Russian threat

Global stocks were mixed at the end of a meandering session Friday, characterized by light pre-Christmas trading volumes as oil prices were jolted higher by a Russian threat to curtail production.

S.Africa's Eskom warns of long electricity crisis

Beleaguered electricity firm Eskom warned South Africans on Friday to brace for a prolonged electricity crisis as it struggles to power up the continent’s most advanced economy.

Military plugs gap as UK passport control staff strike

Military personnel standing in for striking UK passport control staff appeared to minimise feared disruption on Friday, despite an escalating public sector fight for more pay.

US Fed's preferred inflation gauge eases while spending stalls

A key indicator of US inflation edged down in November, according to government data released Friday, in welcome news to households grappling with soaring costs while spending slowed.

New home sales in US post surprise jump in November

Sales of new homes in the US bounced unexpectedly in November despite high mortgage rates, official data showed Friday, with low inventories of existing homes likely nudging buyers into the market for new properties.

US Fed's preferred inflation gauge eases in November

A key indicator of US inflation edged down from a year ago in November, according to government data released Friday, in welcome news to households grappling with soaring costs while spending slowed.

Stocks dip although US inflation cools

US and European stocks fell on Friday despite a key gauge showing inflation to be slowing, as investors remain concerned about recession risks.

UK PM Sunak says 'reasonable' to review Scottish gender change law

Prime Minister Rishi Sunak said Friday it is "completely reasonable" for the UK government to review a newly-passed gender recognition law in Scotland, setting it on a potential collision course with Edinburgh.

As energy crisis bites, Spaniards snap up solar panels

Demand for solar panels has shot up to unprecedented levels in Spain as Europe's energy crisis shows no sign of letting up, in a welcome boost for a sector with huge potential.

UK outlines US green subsidy opposition in letter: media

Britain outlined in a letter to Washington its opposition to US green subsidies, claiming they would "harm multiple economies" and "undermine UK-US trade and investment flows", UK media reported Friday.

Passport control staff strike at UK airports

Passengers at UK airports on Friday faced long delays as Border Force officers walked out in the latest of a string of strikes by public sector workers over pay.

Two years after EU exit, UK business feels Brexit blues

Two years after Britain's departure from the European Union, bosses of UK businesses are reeling from the cost of Brexit, including some who voted to cut ties with Brussels.

Asian markets track Wall St down as recession worries return

Asian markets fell again Friday after forecast-beating US data fuelled expectations that the Federal Reserve will lift interest rates well into next year.

Kyrgyzstan's coal mines dig on in hope of past glory

Hundreds of metres underground, Emylbek Umarov hacks out lumps of coal by hand with a pickaxe in a dank mine in a remote mountainous corner of Kyrgyzstan.

Japan inflation at 3.7% in November, highest since 1981

Prices in Japan rose at their fastest pace since 1981 in November, data showed Friday, fuelled in part by higher energy costs.

'Pay it forward': Bosnians wrap gifts for Ukrainian children

Inspired by gestures of kindness during the Bosnian conflict in the 1990s, Sarajevo residents have been wrapping up hundreds of New Year gifts to send to Ukrainian children affected by war.

YouTube TV wins right to broadcast NFL games starting in 2023

The YouTube video platform has won the right to broadcast most NFL football games in the US next year, it announced Thursday, a major win by the Google subsidiary that underscores the growing role of streaming in sports.

FTX boss Bankman-Fried freed on bail over fraud charges

FTX co-founder Sam Bankman-Fried was released on $250 million bail Thursday while he awaits trial on criminal fraud charges over the spectacular collapse of his crypto exchange.

FTX boss Bankman-Fried to be freed on bail over fraud charges

A US judge ordered FTX co-founder Sam Bankman-Fried be released on $250 million bail Thursday while he awaits trial on criminal fraud charges over the spectacular collapse of his crypto exchange.

Countries that allow transgender people easy status change

Lawmakers in Spain and Scotland passed transgender rights bills Thursday allowing anyone 16 and over to change their gender on official documents.

FTX boss Bankman-Fried expected in US court on fraud charges

FTX co-founder Sam Bankman-Fried was due to appear in a US court Thursday to face criminal fraud charges over the spectacular collapse of his crypto exchange.

US third quarter GDP revised up to 3.2% with help from spending

The US economy expanded 3.2 percent in the third quarter, the Commerce Department said Thursday, in a further upward revision of data reflecting stronger consumer spending and investment than earlier estimated.

Protesters shut luxury Paris store La Samaritaine

Dozens of trade union members and disgruntled employees protested Thursday at the ultra-luxury La Samaritaine shopping store in the heart of Paris, causing managers to shut its doors.

The Fort Worth Press - Economy (English)