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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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UK ambulance workers ready to join widening strikes

UK ambulance workers readied to walk out on Wednesday, a day after nurses staged their second stoppage, in a widening dispute with the government which is refusing to cede to above-inflation demands on pay.

Europe gripped by worst ever bird flu outbreak: EU

Europe has been gripped by its "most devastating" ever outbreak of bird flu in the past year, European health authorities said on Tuesday as experts study the feasibility of vaccinations.

3M to phase out 'forever chemicals' PFAS by 2025

US industrial giant 3M announced Tuesday it will phase out production of so-called "forever chemical" PFAS in light of tightening regulation connected to harmful health effects from their use.

US agency orders Wells Fargo to pay $3.7 bn for shoddy banking practices

US officials announced Tuesday a $3.7 billion settlement with Wells Fargo over an array of "illegal activity" that burdened customers with wrongful home foreclosures and other problems.

Federation slams 'hateful' racist abuse of French footballers

Several members of the France team that lost to Argentina in the World Cup final were subjected to "hateful" racist abuse on social media, the French Football Federation (FFF) said on Tuesday, adding it intended to file a legal complaint.

Amazon strikes deal with EU to close anti-trust probes

Online retail giant Amazon has reached an agreement with the European Commission to close two inquiries into anti-competitive tactics, notably using third-party seller data to improve its own sales.

Yen surges on surprise Bank of Japan policy move

The yen soared to a four-month high against the dollar Tuesday after a surprise tweak to monetary policy of the Bank of Japan, which has decided against hiking interest rates to tame decades-high inflation.

UK fines TSB Bank nearly £50 million for IT fail

British regulators on Tuesday said they had fined TSB Bank £48.7 million ($59 million) over an IT upgrade that left customers unable to access services.

Ghana labour unions call for strike over local debt swap

Ghana's main unions on Monday called for a nationwide strike from next week in protest against the inclusion of workers' pensions in a local debt swap programme as part of the terms for an IMF credit.

Hong Kong exchange headed to worst IPO finish in a decade

Hong Kong's stock exchange is on track for its weakest year since 2012 for new listings as the city reeled from the pandemic, rising interest rates and China's economic uncertainty, according to data released Tuesday.

'Asterix' takes on new writer for 2023 instalment

Popular French comic book series "Asterix" will turn a new page for its forthcoming 40th volume, with a new writer chosen to pen next year's instalment, the publisher said Tuesday.

London Arabic bookshop to shut after 45 years

Salwa Gaspard gazes fondly at the hundreds of Arabic-language books displayed on dark wooden shelves, putting some back in place while exchanging a few words with customers.

UK nurses stage new walkout over pay

UK nurses on Tuesday stage a second unprecedented strike amid an increasingly acrimonious fight with the government for better wages and warnings that patient safety could be jeopardised.

Japan central bank tweaks monetary policy, yen strengthens

Japan's central bank tweaked its longstanding monetary easing programme on Tuesday, in a surprise move that saw the yen strengthen quickly against the dollar while Tokyo stock markets fell.

Biden says 'will not be silent' over rising anti-Semitism

Joe Biden on Monday promised he will not remain silent in the face of growing anti-Semitism in the United States, as the president hosted a White House reception celebrating Hanukkah, the Jewish festival of lights.

King Charles banknotes to enter UK circulation from mid-2024

The first banknotes bearing the image of King Charles III are set to enter circulation by mid-2024, the Bank of England said on Tuesday as it unveiled their designs.

Naughty, not nice: 'Santa' bags Peru drug sellers

A gang of drug dealers in Peru got a nasty surprise when Santa and a merry band of elves broke down their door, cuffed them and seized their merchandise in an unusual bust announced Monday.

Argentina lauds united footballers in divided crisis-riven country

For the last month, Lionel Messi and his Argentina teammates have brought success and unity to their fans, in stark contrast to the country's economic woes and polarized political landscape.

Ethiopia's largest bank says Tigray services resume

The Commercial Bank of Ethiopia said Monday that it has resumed financial services in some towns in the war-torn region of Tigray, enabling residents to access their funds after a shutdown lasting more than a year.

FTX founder Bankman-Fried back in jail after hearing

Samuel Bankman-Fried, wanted in the United States for fraud after the collapse of his FTX group, returned to a Bahama prison Monday after a hearing that had been expected to focus on his possible extradition.

Honeywell to pay $160 mn to settle US, Brazil bribe case

US industrial giant Honeywell will pay $160 million to settle criminal and civil probes in Brazil and the United States over bribes in order to win business from two national oil companies, the government said Monday.

Record year for auction houses Christie's and Sotheby's

Auction house Christie's on Monday announced record sales of $8.4 billion in 2022, outshining its rival Sotheby's, which also posted its best-ever result at $8 billion for the year.

Former 'Top Gear' host stokes complaints after Meghan 'hate' article

Former Top Gear host Jeremy Clarkson faced a barrage of complaints on Monday after a huge backlash to a newspaper column in which he said he "hated" Prince Harry's wife Meghan.

US investor buys French Ligue 1 club Lyon

American investment company Eagle Football Holding added to a growing international portfolio when it took control of Ligue 1 club Lyon on Monday, the French side announced in a press release.

German gas giant's shareholders back nationalisation

Shareholders of troubled German gas giant Uniper on Monday approved the company's nationalisation after it was pushed to the brink of collapse following Russia's invasion of Ukraine.

Greek policeman who fatally shot Roma boy freed ahead of trial

A Greek police officer accused of fatally shooting a Roma teen earlier this month was conditionally freed from detention Monday ahead of his trial, a justice source said.

German gas giant's shareholders to vote on nationalisation

Shareholders of troubled German gas giant Uniper were to vote Monday on the company's nationalisation after it was pushed to the brink of collapse following Russia's invasion of Ukraine.

German business morale up again as prospects brighten

German business confidence improved for a third straight month in December, a key survey showed Monday, the latest sign a downturn in Europe's top economy may be milder than feared.

Italy partly bows to EU over card payments

Italy's new hard-right government has abandoned plans to allow merchants to refuse card payments under 60 euros ($64), following pressure from the European Union.

Ghana suspends part of foreign debt payments

Ghana suspended payments on part of its foreign debt on Monday as the country undertakes debt restructuring in line with a bailout deal with the International Monetary Fund (IMF).

European stocks attempt pre-Christmas rebound

Europe equities rose Monday in light pre-Christmas trade with many traders away for the festive break, rebounding gently from last week's losses that followed bumper interest rate hikes.

Musk polls Twitter users on his future as CEO

Elon Musk appeared to put his future in charge of Twitter on the line, posting a poll asking whether he should step down and vowing to abide by the results.

The Fort Worth Press - Economy (English)