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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.

Tesla profits drop but top analyst estimates

Tesla reported a drop in third-quarter profits Wednesday but topped analyst estimates as multi-billionaire Elon Musk's electric vehicle maker invested heavily in new technologies.

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Germany signs contract to buy F-35 jets

Germany on Wednesday signed a deal to buy dozens of US-made F-35 fighter jets, US officials said, part of the country's military overhaul following Russia's invasion of Ukraine.

US Fed downshifts all-out campaign to tame inflation

The Federal Reserve moderated its all-out campaign to cool US inflation Wednesday, lifting the benchmark lending rate by a half percentage point as its policy actions ripple through the economy.

Morocco-Qatar special World Cup flights cancelled: airline

Morocco's national carrier announced Wednesday that some special flights operated by its Qatari counterpart to Doha had been cancelled for fans seeking to watch the World Cup semi-final.

Twitter suspends account tracking Elon Musk's jet

A Twitter account that tracked flights of Elon Musk's private jet put out word Wednesday that it was suspended by the platform despite the billionaire's talk of free speech.

French prosecutors search Macron's party offices

French prosecutors said Wednesday that they had searched the headquarters of President Emmanuel Macron's Renaissance party in their investigation into the use of consulting firms by the government since 2017.

Markets muted before expected US rate hike

Caution reigned on stock markets on Wednesday ahead of an expected interest rate hike from the Federal Reserve as inflation remains at decade-high levels despite moderate slowdowns.

EU vows investment in push to boost SE Asia ties

The EU vowed billions of dollars of investment in southeast Asia Wednesday, as leaders looked to bolster ties at a summit in the face of the Ukraine war and challenges from China.

Microsoft seeks to bring internet to millions in Africa by satellite

Microsoft announced plans Wednesday to bring internet access via satellite to 10 million people, half of them in Africa, as part of efforts to bridge a digital divide with the developing world.

Stocks diverge before expected US rate hike

Global stock markets diverged Wednesday, with Asia rising and Europe falling before an expected interest rate hike from the Federal Reserve, with inflation around the highest levels in decades despite moderate slowdowns.

UK inflation slows, remains close to 11 percent

British inflation slowed more than expected in November but remained near the highest level in more than 40 years, official data showed Wednesday, as a cost-of-living crisis sparks fresh UK strikes.

Zara owner's profits rise despite inflation

Zara owner Inditex reported Wednesday a jump in profits in the third quarter of its fiscal year despite soaring inflation and the war in Ukraine impacting business costs.

UK inflation slows but remains elevated

British inflation slowed in November but sat near the highest level in more than 40 years, data showed Wednesday, as a cost-of-living crisis sparks fresh strikes.

Fear persists 10 years after Delhi gang rape and murder

Ten years ago the brutal gang rape and murder of a young woman on a Delhi bus horrified the world and shone a spotlight on high rates of sexual violence in India.

Polish fish farm fights 'myth of Russian caviar'

With Moscow blacklisted since it invaded Ukraine, Europe's main producer of caviar wants to put an end, once and for all, to the delicacy's traditional association with Russia.

Asian markets extend US rally after inflation boost, eyes on Fed

Asian markets rose Wednesday and the dollar struggled to recover as investors welcomed softer-than-expected US inflation data that could allow the Federal Reserve to slow down its pace of interest rate hikes.

US Fed expected to slow pace of rate hikes as inflation eases

US central bankers open the second day of a key policy meeting Wednesday, with mounting anticipation of a smaller hike to its benchmark lending rate as inflation showed signs of easing.

Vietnam factory workers laid off as West cuts imports

Phan Thi Nhieu has spent a decade assembling shoes for worldwide brands such as Timberland and K-Swiss, but she is now among tens of thousands of Vietnamese factory workers laid off as Western consumers cut spending.

Confidence falls among Japan's major manufacturers

Business confidence fell slightly among Japan's largest manufacturers for the fourth straight quarter, a closely watched Bank of Japan survey showed Wednesday.

Growth downgrade for China 'very likely' on Covid surge: IMF chief

A lower growth forecast is "very likely" for China this year and next, with easing Covid-19 restrictions bringing a surge in infections and temporary difficulties, IMF chief Kristalina Georgieva told AFP Tuesday.

In Peru, outside Castillo's prison supporters vow fight to the end

Tearfully, an emotional Ana Karina Ramos vows to stay "as long as is necessary" in front of the prison where Peru's former president Pedro Castillo is being held after attempting to dissolve parliament and rule by decree.

Amnesty lashes Morocco, Spain over Melilla migrant 'carnage'

Amnesty International on Tuesday blasted as "carnage" the deaths of dozens of migrants trying to cross into Spain's North African enclave Melilla, accusing Rabat and Madrid of seeking to cover up what happened.

US charges crypto tycoon Bankman-Fried with 'massive' fraud

US prosecutors slapped disgraced cryptocurrency tycoon Sam Bankman-Fried with multiple criminal charges on Tuesday for massive fraud as he built his FTX crypto empire.

India's Paytm to buy back shares after 75% stock rout

Indian mobile payments giant Paytm will launch a share buyback, it said Tuesday, offering investors little more than a third of what they paid just over a year ago in the country's then-biggest IPO.

French comics world torn over author accused of promoting incest

Debate raged in France Tuesday over whether a star graphic novelist should be feted at a top comics festival despite work accused of evoking paedophilia and incest.

Fed opens meeting with smaller rate hike in the cards

US central bankers started a two-day policy meeting Tuesday, with all eyes searching for clear signs that decades-high inflation in the world's biggest economy is definitively slowing.

Stocks surge, dollar drops as US inflation cools

Stocks surged while the dollar dropped Tuesday as US inflation slowed more than expected, opening the way for the Federal Reserve to reduce the tempo of interest rate hikes.

US inflation slows in November in smallest spike in year

US consumer inflation eased in November, according to government data released Tuesday, bringing some relief to policymakers with the smallest annual increase over the past year.

BoE to test 'shadow banking' after markets chaos

The Bank of England will test so-called shadow banking institutions such as pension funds, that played a key role in recent UK bond market chaos, it said Tuesday.

Stocks climb before US inflation data

Stock markets mostly climbed Tuesday before the release of key US inflation data later in the session.

United Airlines announces huge Boeing 787 order

Betting on robust demand for international travel, United Airlines on Tuesday unveiled an order of 100 new Boeing 787 Dreamliners with options for an additional 100 jets.

French left-wing MP's future in doubt after domestic violence conviction

A prominent young leader of France's hard-left France Unbowed party was handed a suspended four-month prison sentence Tuesday after admitting to slapping his wife, a conviction that jeopardises his chances of returning to the political front-lines.

Markets mixed ahead of inflation, Fed decision

Markets were mixed Tuesday as nervous investors sat tight ahead of key US inflation data and a Federal Reserve policy decision but fresh pledges by China to open up from zero-Covid offered support.

The Fort Worth Press - Economy (English)