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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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King Charles coins enter UK circulation

The first coins bearing the likeness of Britain's King Charles III entered circulation Thursday, The Royal Mint announced.

Markets mostly fall as recession fears dampen China optimism

Hong Kong soared but other stock markets mostly fell Thursday as investors weighed worries about a US recession against China's shift away from strict Covid restrictions.

Markets mixed as recession fears dampen China optimism

Asian and European markets were mixed Thursday as sentiment was pulled in opposite directions by worries about a US recession and China's shift away from strict Covid restrictions.

Surveillance, hacking: whistleblower recalls Wirecard nightmare

When short seller Matthew Earl anonymously co-authored a report detailing explosive allegations of wrongdoing at German fintech champion Wirecard, his life was turned upside down.

Indonesia sex laws 'nail in coffin' for LGBTQ rights

Indonesia's legislation banning sex outside marriage represents a major new threat to the LGBTQ community's rights in the conservative country, where same-sex unions are not recognised.

Arctic Sweden in race for Europe's satellite launches

As the mercury drops to minus 20 Celsius, a research rocket lifts off from one of the world's northernmost space centres, its burner aglow in the twilight of Sweden's snowy Arctic forests.

Asian markets mixed as recession fears dampen China optimism

Asian markets were mixed Thursday as sentiment was pulled in opposite directions by worries about a US recession and China's shift away from strict Covid restrictions.

Canadian university identifies low carbon foods for student meals

Trays in hand, Polytechnique Montreal students line up at the cafeteria and through a fogged up buffet counter glass, check out dishes that now come with information about their carbon footprint.

Ramesh 'Sunny' Balwani gets prison time for Theranos fraud

A judge on Thursday sentenced a top aide and ex-boyfriend of fallen Theranos founder Elizabeth Holmes to prison for duping people into trusting the failed blood testing startup.

Apple beefs up iCloud data defense against snooping

Apple on Wednesday said it is beefing up defense of data that users store in the cloud, a move that could thwart authorities as well as hackers.

Sexuality and fame in focus as Sundance film festival returns to Utah

Documentaries exploring sexuality and fame via the life stories of supermodel Brooke Shields, singer Little Richard and author Judy Blume are among the lineup for next month's Sundance film festival unveiled Wednesday.

Elon Musk briefly loses top spot on Forbes billionaire list

Tesla-owner Elon Musk briefly lost the top spot on Forbes' billionaire list on Wednesday to Bernard Arnault, whose family owns the world's leading luxury group, LVMH.

Stock markets slide as recession worries weigh on investors

Major stock markets were hit by more selling Wednesday on growing fears that Federal Reserve monetary tightening will tip the US economy into recession, with Chinese trade data adding to the gloomy outlook.

Canada central bank hikes key rate to 4.25%, hints at pause

Canada's central bank on Wednesday hiked its key lending rate by 50 basis points to 4.25 percent, saying its aggressive moves to rein in inflation were working but that the economy was still too hot.

Canada central bank hikes key lending rate 50 basis points to 4.25%

Canada's central bank on Wednesday hiked its key lending rate by 50 basis points to 4.25 percent, saying its aggressive moves to rein in inflation were working but that the economy was still too hot.

Stocks hesitant as recession fears overshadow China reopening hope

Major stock markets were hit by more selling Wednesday on growing fears that Federal Reserve monetary tightening will tip the US economy into recession.

China's Xi arrives in Saudi Arabia for energy-focused visit

Chinese President Xi Jinping touched down in Saudi Arabia on Wednesday for a visit that is likely to focus on energy ties but also follows months of tensions with the United States.

Stocks fall as recession fears overshadow China reopening hope

Major stock markets suffered more selling Wednesday on growing fears that Federal Reserve monetary tightening will tip the US economy into recession.

Chinese flags flutter in Saudi capital ahead of Xi visit

The Saudi capital was bedecked with Chinese flags ahead of President Xi Jinping's visit on Wednesday that is likely to focus on energy ties but also follows months of tensions with the United States.

'Call of Duty' to be released on Nintendo Switch, Microsoft says

The hugely popular "Call of Duty" game franchise will become available on Nintendo's Switch console if the acquisition of its developer goes ahead, a Microsoft executive said Wednesday.

Stocks hit as recession fears overshadow China reopening hope

Most stocks suffered more selling Wednesday while oil held losses on growing fears Federal Reserve monetary tightening will tip the US economy into recession.

Vietnam's VinFast files for US IPO as it targets global market

Vietnam's homegrown carmaker VinFast, which plans to sell the first ever Vietnamese car in the United States, said Wednesday it has filed for an initial public offering (IPO) in the country.

Asian stocks hit as recession fears overshadow China reopening hope

Asian stocks extended a global sell-off Wednesday while oil held losses on growing fears Federal Reserve monetary tightening will tip the US economy into recession.

China's November imports, exports plunge due to Covid rules

China's imports and exports plunged in November to levels not seen since early 2020, official figures showed Wednesday, as severe Covid restrictions hit the economy hard.

China's November imports, exports plunge owing to Covid rules

China's imports and exports plunged in November to levels not seen since early 2020, as strict Covid restrictions hit the economy hard, according to official figures released Wednesday.

World economy faces more pain in 2023 after a gloomy year

This was supposed to be the comeback year for the world economy following the Covid pandemic.

Germany's homegrown cannabis industry awaits legalisation

In the east German countryside, close to Dresden, a former abattoir is now home to the biggest indoor cannabis farm in Europe.

Asian equities, oil prices dragged by recession fears

Asian investors extended a sell-off across global markets Wednesday while oil held losses on growing fears Federal Reserve monetary tightening will tip the US economy into recession.

Pumping 'new black gold', Saudi DJs sense big opportunities

Ravers sporting face paint and flashing LED sunglasses jump in time to the thudding beats of Dish Dash, a DJ act whose rise mirrors that of the Saudi music scene.

Xi travels to Saudi for three days of Mideast outreach

Chinese President Xi Jinping arrives in Saudi Arabia on Wednesday for three days of meetings with regional leaders likely focused on energy.

UK pubs feel Christmas pressure as inflation bites

Inside the Mad Hatter pub in central London's South Bank district, everything is ready: the big tree, the bright lights, the fun Christmas signage.

Biden celebrates US manufacturing comeback at giant semiconductor project

President Joe Biden declared the comeback of US manufacturing Tuesday at the site of a mammoth expansion to a Taiwanese-owned semiconductor plant aimed at breaking risky US dependency on foreign-based producers for the vital component.

The Fort Worth Press - Economy (English)