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France's Macron lands in Riyadh on surprise 'solidarity' visit

French President Emmanuel Macron landed in Riyadh in a surprise "solidarity" visit, making him the first Western leader to touch down in the kingdom since Yemen's Iran-backed Houthis intensified their attacks this month.

South Africa eases fuel pain as growth slows

South Africa announced fresh fuel-relief measures on Wednesday to cushion motorists and commuters battered by record pump prices as uncertainty roils global energy markets.

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Recession fears stalk Europe despite surprise German growth

Germany's economy unexpectedly grew in the third quarter, official data showed Friday, but slowing growth in France and Spain added to fears that high inflation and an energy crisis will tip the region into recession.

Sanofi improves outlook on strength of bestseller Dupixent

French drug maker Sanofi has revised its outlook for 2022 upwards after reporting strong sales growth in the third quarter on Friday.

Air France-KLM Q3 turnover above pre-Covid levels

European airline group Air France-KLM said Friday that its third quarter revenues had exceeded its pre-pandemic turnover in 2019, fuelled by strong post-Covid demand for travel.

All eyes on Twitter as Musk era opens

Elon Musk begins on Friday his first full day leading Twitter, with critics and fans anxious to see how the planet's richest man will run one of the world's leading social media platforms.

NatWest shares slump as bank earnings spook market

Shares in British bank NatWest tumbled nine percent Friday following an earnings update that added to concerns that borrowers would be unable to repay loans owing to soaring interest rates.

Sweden conducts new Nord Stream crime scene inspection

Swedish prosecutors said Friday they would conduct a new complementary crime scene investigation of the Nord Stream leaks, after the navy and the pipeline owner also began surveys this week.

Airlines giant IAG revenue back at pre-pandemic level

IAG, owner of British Airways and Spanish carrier Iberia, revealed Friday revenue slightly above pre-pandemic levels as it posted third-quarter profits on rebounding passenger demand.

UK govt expected to call N.Ireland poll after deadline expires

The UK government was on Friday expected to call the second election in a year in Northern Ireland after politicians failed to resolve a standoff over post-Brexit trade rules.

French October inflation highest since 1985

French consumer prices rose at their fastest pace since 1985 in October, official data showed Friday, driven by rising energy, food and manufactured goods prices.

Most markets slip as rate hopes are offset by big tech sell-off

Most markets fell Friday as a weakening economy and disappointing earnings from tech giants offset signs that central banks could begin slowing their interest rate hike campaign.

T-rex in Singapore as experts decry 'harmful' auctions

Dinosaur fans got a glimpse of a Tyrannosaurus rex skeleton as it went on display in Singapore Friday before an auction next month, as experts slammed the big-money bone trade as "harmful to science".

YouTube to certify health care providers' accounts

Doctors, nurses and other health care professionals can apply to have their YouTube channels certified, the video sharing platform said Thursday, in a push to limit misinformation on the site.

Bank of Japan sticks to easing despite yen pressure

The Bank of Japan stuck to its ultra-loose monetary policies Friday, even as the yen comes under pressure from aggressive tightening by the US Federal Reserve and other central banks.

Asian markets slip as rate hopes are offset by big tech sell-off

Most markets fell Friday as a weakening economy and disappointing earnings from tech giants offset signs that central banks could begin slowing their interest rate hike campaign.

Manga mindset: Japan's biggest 'One Piece' fans

Shohei Sato's devotion to the pirate manga "One Piece" culminated in a wedding themed on the series, and he's not the only superfan obsessed with its intricate plots and swashbuckling characters.

Elon Musk takes control of Twitter, fires executives

Elon Musk took control of Twitter and fired its top executives late Thursday in a deal that puts one of the leading platforms for global discourse in the hands of the world's richest man.

Loans, investments and piles of his own cash: How Musk financed Twitter takeover

In looking for ways to pay for his takeover of Twitter, Elon Musk has offered up money sourced from his own personal assets, investment funds and bank loans, among others.

Elon Musk: tech genius, social media boss, eccentric

Elon Musk is at turns ingenious, impulsive and infuriating. He is also a corporate maverick, unafraid to tackle myriad industries by his own rules.

Elon Musk takes control of Twitter, fires executives: US media

Elon Musk took control of Twitter and fired its top executives, US media reported late Thursday, in a deal that puts one of the top platforms for global discourse in the hands of the world's richest man.

China economic slowdown to drag on Asia growth: IMF

China's "sharp and uncharacteristic" economic slowdown is expected to drag on growth across Asia through the end of next year, the International Monetary Fund (IMF) warned Friday, darkening an already gloomy global outlook.

Japan to unveil huge economic package to address inflation

Japan is on Friday expected to announce an economic stimulus package that local media said could be worth $200 billion to cushion the impact of inflation and a weak yen.

Apple reports solid profits, but sees greater hit from strong dollar

Apple reported solid profits on rising revenues Thursday, but the tech giant's iPhone sales missed estimates as executives signaled a rising financial toll from the strong dollar.

N.Ireland set for fresh elections as deadline to restart government expires

A deadline to resume power-sharing in Northern Ireland's regional government passed at midnight on Friday, setting the UK-run province on a course to its second election this year amid a political stand-off over divisive post-Brexit trade rules.

Apple reports solid profits, but iPhone sales miss estimates

Apple reported solid profits on rising revenues Thursday, but the tech giant's iPhone sales missed estimates while it saw slowing growth in services revenues.

Amazon quarterly profit slips as shoppers seek bargains

Amazon on Thursday said that its profit in the third quarter slipped more than 9 percent to $2.9 billion, despite an uptick in sales helped by Prime day bargains.

Iran protest deaths mount as Tehran vows 'severe response' to shrine massacre

Iranian protesters on Thursday defied a deadly crackdown by security forces against nearly six weeks of women-led protests, as Tehran vowed to punish those behind a mass shooting that killed 15 worshippers at a shrine.

US tech titans buffeted by economic headwinds and TikTok

US tech titans looking to the future are seeing growth take a beating in the face of foreign competition and a tough economy in the here and now.

Strong McDonald's results showcase advantage amid inflation

McDonald's reported stronger-than-expected quarterly profits Thursday as executives pointed to signs it is drawing customers priced out of more expensive restaurants.

Turkey detains 25 over deadly mine blast

Turkish authorities on Thursday detained 25 suspects including the director of a state-owned mine in northwest Turkey, after an explosion there this month killed 41 people, local media reported.

Energy giants' billions renew windfall tax debate

The billions in profits announced by TotalEnergies and Shell on Thursday have revived the debate over windfall taxes on the thriving energy giants.

Biden touts high-tech manufacturing resurgence ahead of midterms

President Joe Biden was traveling to New York on Thursday to tout giant investments in semiconductor manufacturing, part of a final hour bid ahead of midterm elections to persuade Americans that the economic future is bright.

US lawmakers urge bank chiefs to reconsider Hong Kong meeting

US lawmakers on Thursday asked executives of major banks to reconsider attendance at a major conference next week in Hong Kong, saying their presence legitimizes China's clampdown in the city.

The Fort Worth Press - Economy (English)