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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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Mining giant BHP to face £10bn damages trial in UK over Brazil dam collapse

Global mining firm BHP must stand trial in the UK to face an estimated £10 billion ($12 billion) damages claim over a deadly 2015 dam collapse in Brazil, a judge has ruled.

Amazon can be liable when sellers breach trademarks: EU court

Online retail giant Amazon can potentially be held responsible when third-party sellers on its website misuse trademarks, the European Court of Justice said on Thursday.

Turkey hikes minimum wages for third time to cushion inflation

Turkish President Recep Tayyip Erdogan on Thursday announced the third major minimum wage hike in a year to try and cushion the impact of a historic jump in consumer prices ahead of crunch elections.

Stocks mixed after mini rally

Stock markets diverged Thursday after a mini rally triggered by positive US economic data, while the yen maintained strength against the dollar after surging earlier in the week.

In Madrid, a 'toy hospital' marks its last Christmas

Wearing a white lab coat, a screwdriver in hand, Antonio Martínez Rivas examines a remote-controlled car at his workshop in Madrid, a "toy hospital" which is about to close its doors after 50 years of repairs.

Bankman-Fried in US custody, two associates plead guilty to FTX fraud

US law enforcement on Wednesday took custody of Sam Bankman-Fried and were flying him from the Bahamas to New York, where prosecutors said two associates of the FTX founder had now pled guilty to charges related to the company's collapse.

US ban on 'Made in Hong Kong' label breaches trade rules: WTO

The United States is flouting international trade rules by labeling imports from Hong Kong as those from China, the World Trade Organization ruled Wednesday, an outcome that Washington rejects.

Spain votes on trans rights bill that has split the left

Lawmakers vote Thursday on a transgender rights bill that allows anyone 16 and over to change gender on their ID card, legislation that has sparked divisions within Spain's left-wing government and its feminist movement.

'Big challenges': choosing a nuclear career in Japan

The 2011 Fukushima disaster made working in the nuclear industry unappealing for many Japanese students, but a new government push to revive the sector could start to shift the narrative.

European and US stocks rise as yen steadies after surge

European and US stocks traded firmly higher Wednesday, lifted by US company earnings reports and cheerier consumer confidence data.

Twitter-owner Musk seeks new CEO, but casts big shadow

Twitter boss Elon Musk is looking for a new CEO, but the winner will have to live in the shadow of the mercurial billionaire, who says the platform avoided certain ruin thanks to his leadership.

Global stars call for release of jailed Iranian actor Alidoosti

Hundreds of high profile figures from the global cinema industry called Wednesday for Iran to release actor Taraneh Alidoosti, who was jailed over her support for the country's three-month-old protest movement.

Bankman-Fried accepts extradition to US to face fraud charges: media

Samuel Bankman-Fried, the onetime head of highflying cryptocurrency business FTX, agreed Wednesday to be extradited from the Bahamas to face charges of fraud in New York, local and US media reported.

Europe's access to space in jeopardy after Vega-C rocket failure

Flights of the new European Vega-C rocket have been suspended pending an investigation into an overnight launch failure, French firm Arianespace said Wednesday, leaving Europe with few avenues into space.

French Christmas train strike provokes fury, travel woes

Some 200,000 holidaymakers in France scrambled Wednesday to book alternative travel for their Christmas holidays as the national rail operator announced major service cancellations due to a strike.

US home sales dip for 10th straight month in 'frozen' market

Sales of existing homes in the United States slid for a 10th consecutive month in November, extending a record streak with mortgage rates high and inventory tight, according to industry data released Wednesday.

French train strike leaves many thousands stranded for Christmas

Some 200,000 holidaymakers in France were scrambling Wednesday for alternatives to their cancelled trains as a rail strike caused mayhem in the run-up to Christmas.

Belgian families don gloves for house-heating research

Outside the family home, frost covers the ground and temperatures in the damp Belgian winter have plunged below freezing.

Embattled Philips says respirators 'within safety limits'

Under-fire Dutch medical device maker Philips said Wednesday extensive testing on its recalled respirator devices showed they were "within safety limits" for use, but that a final verdict rests with global regulatory authorities.

Trans rights bill bitterly divides Spanish left

A transgender rights bill to be voted on this week has sparked bitter divisions within Spain's ruling left-wing coalition, pitting its powerful feminist lobby against LGBTQ equality campaigners.

Ambulance workers walk out in strike-hit UK

Striking ambulance workers in England and Wales manned picket lines on Wednesday, escalating a pay dispute with the government following walkouts by nurses and other public sector staff.

Twitter timeline: From Musk's entry to his planned exit

Since buying Twitter, Elon Musk has made radical changes that have sparked fears for the future of the platform, from firing half the staff to restoring ex-president Donald Trump's account and temporarily suspending those of several journalists.

Crypto could cause next financial crisis: India central bank chief

India's central bank governor warned Wednesday that cryptocurrency markets risked causing the next global financial crisis, saying the recent collapse of FTX was proof of the sector's "inherent risks".

Prepay meters worsen energy inequality in UK

A bitter cold descends on snow-topped terraced houses in the north London suburb of Arnos Grove, as Samantha Pierre-Joseph warms her living room with a small whirring fan heater.

In troubled South Africa, a boys' choir gives cause for hope

A hush grips the auditorium as the long-awaited concert by one of the world's most renowned chorales gets underway.

Indonesia's 'all-gendered' priests on verge of extinction

After dawn in a small eastern Indonesia town, a young man holds an ornate umbrella over non-binary priest Puang Matowa Nani, as they walk barefoot to a nearby pond to perform the annual ritual of Mappalili.

Ghosts of insecurity, inflation haunt Nigeria Christmas present

This year will be the fourth year running that Seyi Anne Moses has had to decide against going home to see her parents at Christmas.

Musk says will step down as Twitter CEO once successor found

Elon Musk said Tuesday he would resign as chief executive of Twitter once he finds a replacement, in apparent response to a poll he launched that suggested users wanted him to step down.

Musk expresses doubts on reliability of Twitter CEO poll

Elon Musk on Tuesday said that he doubted the reliability of a Twitter poll in which a majority of votes said he should step down as a CEO of the company.

Five ways TikTok is seen as threat to US national security

Many in the United States see TikTok, the highly popular video-sharing app owned by Beijing-based ByteDance, as a threat to national security.

Nike tops estimates despite hit to profit margins

Nike reported flat profits on higher sales Tuesday in results that topped estimates and lifted shares as strong demand helped counter the drag from heavy discounting due to excessive inventory.

US says seizes enough fentanyl to kill all Americans in 2022

US law enforcement seized more than enough fentanyl to kill all Americans in 2022, the Drug Enforcement Administration said Tuesday, underscoring the deep threat of the deadly man-made opioid.

The Fort Worth Press - Economy (English)