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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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China consumer inflation rises to two-year high

China's consumer inflation hit two-year high in September, official data showed Friday, fuelled by soaring pork prices and as extreme weather hit farmers.

Asian markets surge after sharp Wall St swing, pound holds gains

Asian equities soared Friday to extend a surge on Wall Street, where all three indexes saw extreme swings in response to a forecast-beating inflation report that cemented expectations for more big Federal Reserve rate hikes.

Singapore's economy grows 4.4% in Q3

Singapore's economy expanded by 4.4 percent on-year in the third quarter of 2022, the government said Friday while warning of ongoing global challenges such as inflation.

Russia to help people leave annexed region as Kyiv advances

Russia agreed Thursday to help residents leave a region it "annexed" in a sign of success for Ukraine's counter-offensive, as the EU warned Moscow's army would be "annihilated" if the Kremlin uses nuclear weapons.

Zelensky seeks legal mechanism to punish all Russian 'murderers'

Ukrainian President Volodymyr Zelensky on Thursday stressed the need to punish all Russian "murderers and torturers" and appealed for more air defence systems to fight Moscow's renewed offensive.

French strikes spread as Macron's opponents push for 'confrontation'

French railway workers and civil servants voted Thursday to join striking oil refinery staff with a walkout next week, raising fears that anger over the rising cost of living could spiral into a series of blockages.

Netflix to debut subscription with ads

Netflix on Thursday said a subscription option subsidized by ads will debut in November in a dozen countries as the streaming service strives to jumpstart growth.

Braving rockets, Iraq MPs elect president who names PM after year of deadlock

Despite a rocket attack on Baghdad's Green Zone, Iraqi lawmakers Thursday elected a new president who swiftly named a prime minister in hopes of ending a year of political gridlock and violence in the war-scarred nation.

David Hockney ode to French Riviera sells for £24 million

David Hockney's 1969 painting "Early Morning, Sainte-Maxime", inspired by a French Riviera sunrise, sold for over £24 million ($27.3 million) at a London sale Thursday -- more then double the pre-sale estimate.

At IMF, UK gets lecture on having 'coherent' fiscal policy

Britain has had its knuckles rapped over its controversial debt-fueled budget at the IMF's annual meetings, with the crisis lender's chief urging London on Thursday to maintain "coherent and consistent" policies.

Kenya denies defaulting on China railway debt

Kenya on Thursday denied it had defaulted on interest repayments on a loan advanced by China for the construction of a railway line from the port city of Mombasa that opened in 2017.

Stocks bounce after key US inflation data

Equities fell sharply on Thursday after data showed US inflation jumped more than expected in September, before quickly bouncing higher.

Inflation maintains grip on US with new jump in September

Inflation kept its hold on the US economy in September, jumping more than expected according to government data Thursday that adds to the headwinds facing President Joe Biden's Democrats shortly before midterm elections.

Yen hits lowest level against dollar since 1990

The yen on Thursday dropped to the lowest level against the dollar since 1990 after US inflation data indicated more aggressive interest rate hikes from the Federal Reserve.

Germany agrees to replace cheap national transport ticket

Germany on Thursday moved closer to approving a successor to a popular ultra-cheap, country-wide public transport ticket rolled out over the summer to curb inflation and cut carbon emissions.

Long-lost London book by Nazi-supporting French author released

The second installment of long-lost manuscripts from famed French author -- and notorious Nazi supporter -- Louis-Ferdinand Celine were published on Thursday, based on his time in London.

Ukraine restores power supplies after Russian missile salvos

Ukraine said Thursday it had reset its power grid after mass Russian strikes on energy facilities as Turkey held back on an expected offer to mediate talks between Moscow and Kyiv.

US inflation persists, higher in September over prior month

US inflation jumped more than expected in September, according to government data released Thursday, in the latest sign that pricing pressures have become more intractable despite aggressive central bank action.

UK baby murder accused wrote 'I killed them', court told

Police probing a spate of baby deaths at a UK hospital found a note stating "I am evil I did this" at the home of a nurse accused of killing them, a court was told on Wednesday.

'Challenging' year for Ikea, 10,000 layoffs in Russia

Swedish furniture giant Ikea posted a six percent rise in full-year sales on Thursday, in what it described as a "challenging" year due to inflation and scaling back in Russia.

Weak pound is major draw at London's Frieze art fair

As the global art world descends on London's Frieze fair this week, the current low value of the UK pound makes buying art in Britain particularly attractive for overseas collectors and dealers.

India's Infosys plans $1 bn buyback on strong profits

Indian outsourcing behemoth Infosys approved a $1 billion share buyback on Thursday after strong quarterly profits that reflected sustained demand for digital services.

France orders more strikers back to work as fuel shortages bite

The French government on Thursday ordered more striking workers back to a fuel depot in northern France after talks to end a three-week strike stalled, saying petrol shortages were taking too big a toll on the economy.

Stocks diverge before key US inflation data

Equities mostly rose in Europe but fell in Asia Thursday, before US inflation data that could determine the pace of Federal Reserve interest rate hikes.

Easyjet warns of another annual loss

British airline EasyJet on Thursday warned of a third annual loss in a row, as sector-wide disruption and a strong dollar offset a recovery from the pandemic.

La Liga win injunction to freeze 50 million euros of beIN assets

Spain's top football division, La Liga, has taken out a court injunction against the beIN Media Group to freeze 50 million euros ($48.5 million) of their assets after non-payment for television rights.

WWII munitions hinder Nord Stream pipeline probe

Investigations into the suspected sabotage of the Nord Stream gas pipelines linking Russia with Europe are "progressing well", despite World War II munitions on the seabed, Denmark said Thursday.

British PM faces fresh political woes after meeting with MPs

Embattled British Prime Minister Liz Truss faced fresh woes on Thursday after a prominent Conservative party insider said some of her own MPs were considering pushing for two of her former rivals to replace her.

Iraq MPs in new bid to elect president, end deadlock

Lawmakers in crisis-hit Iraq are set to meet Thursday for their fourth attempt this year to elect a new state president and break political gridlock that has sparked protests and deadly violence.

Finland hopes new nuclear reactor eases energy crunch

After over a decade of delays, the deafening sound of Finland's new Olkiluoto 3 nuclear reactor finally running its turbine at full power was welcomed with joy -- and relief.

Mideast petrolheads hope eSports takes them to the track

Virtual cars whizz by with engines roaring, as 26 drivers vie for the top spot at an online tournament in Jordan -- many dreaming one day of transitioning to real racers.

'Everything has collapsed': Russia's draft tanks small businesses

In his brand new co-working space in Chelyabinsk, a city in central Russia, entrepreneur Maxim Novikov is counting the empty seats.

The Fort Worth Press - Economy (English)