The Fort Worth Press

Asian markets mixed ahead of inflation, Fed decision

Asian 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.

US set to announce nuclear fusion breakthrough

The US Department of Energy is expected to announce Tuesday that its researchers have achieved a "major scientific breakthrough" regarding nuclear fusion, a technology seen as a possible revolutionary alternative power source.

Biden to sign same-sex marriage protections into law

President Joe Biden will on Tuesday sign into law a bill granting federal protections to same-sex marriage -- gathering thousands of guests at the White House to celebrate the legislative milestone.

Asian markets extend US rally ahead of inflation, Fed decision

Asian markets mostly rose Tuesday, with nervous investors sitting tight ahead of key US inflation data and a Federal Reserve policy decision but fresh pledges by China to open up from zero-Covid offering support.

China launches WTO dispute over US chip sanctions

China has filed a dispute with the World Trade Organization over US restrictions on chip exports, Beijing's commerce ministry said in a statement late Monday, accusing Washington of threatening global supply chains.

Seven dead as Peru's new leader fails to quell protests

Five more protesters died in Peru on Monday as violent demonstrations over the ousting of the former president showed no sign of dying down, despite his successor's efforts to quell the unrest.

Two more dead as Peru's new leader fails to quell protests

Two more protesters died in Peru Monday as violent demonstrations over the ousting of the former president showed no sign of dying down -- despite his successor's efforts to quell the unrest.

Los Angeles mayor declares homelessness state of emergency

A state of emergency over spiraling levels of homelessness was declared in Los Angeles on Monday as the new mayor pledged a "seismic shift" for one of the most intractable problems in America's second biggest city.

Protesters block Peru airport over ousting of president

Hundreds of protesters on Monday used burning tires, wood and rocks to block the airport runway in Peru's second-largest city, Arequipa, demonstrating against the ousting of former president Pedro Castillo.

US biopharma firm Amgen to acquire Horizon Therapeutics for $28 bn

US biopharmaceutical firm Amgen said Monday it has reached agreement to acquire Horizon Therapeutics, which specializes in medicine for rare and auto-immune diseases, for $27.8 billion.

Musk to relaunch Twitter plan after fake account fiasco

Twitter owner Elon Musk was set to relaunch a subscription service on Monday after a first attempt saw an embarrassing spate of fake accounts that scared advertisers and created doubt on the site's future.

One in five cars on Norway's roads are electric

One in five cars on Norway's roads are electric, a share that has doubled in less than three years, the Norwegian Electric Vehicle Association said Monday.

Greek MEP Eva Kaili, ex-TV host accused of taking bribes

Only 11 months after she became a European Parliament vice president, Greek MEP Eva Kaili is at the heart of an alleged corruption scandal involving Qatar and the EU, a far cry from the days when she presented the news.

Stock markets diverge ahead of key rate decisions

Wall Street pushed higher but European and Asian stock markets dropped Monday as investors looked ahead to interest rate decisions this week from major central banks including the Federal Reserve.

Greek MEP Eva Kaili, ex-TV presenter accused of taking bribes

Only 11 months after she became a European Parliament vice president, Greek MEP Eva Kaili is at the heart of an alleged corruption scandal involving Qatar and the EU, a far cry from the days when she presented the news.

Mercedes plans 1 bn-euro electric van plant in Poland

German automaker Mercedes-Benz said Monday it planned to inject more than one billion euros into a new plant in Poland dedicated to building fully electric vans.

Stock markets begin week lower ahead of key rate decisions

European stock markets dropped Monday following losses in Asia, as investors looked ahead to interest rate decisions this week from major central banks including the Federal Reserve.

Designer Jacquemus, from micro-bag to massive success

His micro-bag is on the fingers of the biggest celebrities, and he operates by his own timetable -- Simon Porte Jacquemus has forged a singular and hugely successful path in the fashion game at the age of just 32.

Three boys die after falling into frozen lake in UK: police

Three boys aged eight, 10 and 11 have died and another boy remains in critical condition after they fell into an icy lake near Birmingham, central England, police said Monday.

Britain stuck on recession path despite growth rebound

Britain's economy remains on course for a long-lasting recession on fallout from the highest inflation in decades, analysts said on Monday, even if official data showed growth in October.

Four children 'critical' in hospital as UK hit by Arctic weather

Four children were fighting for their lives on Monday, after being pulled from an icy lake as an Arctic blast sent temperatures tumbling across the UK.

Stock markets track Wall St down on inflation fears

Equity markets dropped and the dollar edged up Monday after a forecast-beating US inflation reading dampened hopes for a more dovish tilt by the Federal Reserve in its battle against soaring prices.

Britain's GDP grows 0.5 percent in October: statistics office

Britain's economy grew 0.5 percent in October, official data showed Monday, after a sharp fall the previous month in part because of the national holiday for Queen Elizabeth II's funeral.

Asian markets track Wall St down on inflation fears

Asian markets dropped and the dollar edged up Monday after a forecast-beating US inflation reading dampened hopes for a more dovish tilt by the Federal Reserve in its battle against soaring prices.

ECB mulls rate hike slowdown on 'peak inflation' hopes

Growing hopes that the eurozone's red-hot inflation is nearing its peak could prompt European Central Bank policymakers to opt for a smaller rate hike on Thursday, observers said.

Blind surfer Matt Formston: conquering the world's biggest waves

Matt Formston proudly shows off a photo of him surfing a liquid mountain off the Portuguese coast, where some of the biggest waves on the planet crash to shore. No matter that he can't see it because he is blind.

On a dismal film weekend, 'Wakanda' stays on top

Disney and Marvel’s "Black Panther: Wakanda Forever" has again led the North American box office, industry watcher Exhibitor Relations reported Sunday, but the film's estimated weekend take of just $11.1 million reflected a deep slump in moviegoing.

Pacquiao returns to ring for clash with South Korean YouTuber

Philippine boxing great Manny Pacquiao returned to the ring Sunday for the first time since retiring from the sport last year, facing off against a South Korean YouTuber in an exhibition match near Seoul.

Russia oil embargo, price cap disrupts tankers

The European Union embargo on Russia's oil and an international cap on the price of the country's crude is disrupting the maritime transport sector.

'Everything increasing except wages': inflation batters Ethiopia

"Everything is increasing except our wages," Ethiopian porter Zerihun told AFP, summing up the financial crisis facing the Horn of Africa nation as it reels from skyrocketing inflation and an economic slowdown.

NASA Moon capsule Orion due to splash down after record-setting voyage

After making a close pass at the Moon and venturing further into space than any previous habitable spacecraft, NASA's Orion capsule is due to splash down Sunday in the final test of a high-stakes mission called Artemis.

US Fed poised for smaller rate hike with eye on wage growth

The US Federal Reserve is poised to slow its interest rate hikes next week, economists say, as central bankers' most forceful moves in decades to fight inflation ripple through the economy.

The Fort Worth Press - Economy (English)

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