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Asian markets begin week on front foot, bitcoin rally stutters

Asian markets rose Monday following a record close on Wall Street as traders welcomed Donald Trump's pick for Treasury secretary, while bitcoin's push to $100,000 ran out of steam after coming within a whisker of the mark at the end of last week.

K-pop fans take aim at CD, merchandise waste

K-pop fan Kim Na-Yeon used to buy stacks of the same album when there was a new release, hoping to find one of the rare selfies of her favourite stars tucked between the plastic covers.

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Sales slump 27% at carmaker Stellantis

Stellantis, the carmaker which owns the Jeep, Peugeot and Fiat brands, said Thursday that its sales fell 27 percent in the third quarter because of market difficulties in North America.

Global stocks decline after weak Wall Street lead

European and Asian stocks were mostly down Thursday following a weak lead from Wall Street, as investors digested mixed company earnings and remained risk-adverse ahead of a coin-toss US election.

EU probes shopping app Temu over illegal products

The EU launched a formal investigation Thursday into Chinese-founded e-commerce platform Temu on suspicion the site is doing too little to stop the sale of illegal products, in a probe that could lead to large fines.

Eurozone inflation rebounds more than expected in October

The eurozone's annual inflation rate rebounded more than expected in October due to rising food costs, official data showed on Thursday, but remains in line with the European Central Bank's two-percent target.

Hong Kong economic growth misses forecast in third quarter: data

Hong Kong's economic growth in the third quarter missed analyst estimates as private consumption weakened, according to government figures released Thursday.

Asian stocks mostly down after weak Wall Street lead

Asian stocks were mostly down on Thursday following a weak lead from Wall Street, though better-than-expected manufacturing data from China provided a glimmer of good news for Beijing.

Russia stirs up anti-LGBTQ prejudice in Moldova 'information war'

When two false bomb alerts targeted an LGBTQ festival in Chisinau this month, organiser Angelica Frolov was left scrambling to find an alternative venue at the last minute.

Samsung Q3 operating profits soar to $6.6 bn, miss forecast

South Korea's Samsung Electronics said Thursday that its operating profits soared 277 percent on-year to $6.6 billion but missed expectations as it struggled to leverage demand for chips used in artificial intelligence servers.

Asian stocks uneven after shaky Wall Street lead

Asian stocks got off to an uneven start on Thursday following a weak lead from Wall Street, though better-than-expected manufacturing data from China provided a glimmer of good news for Beijing.

China factory output expands for first time in six months

China's manufacturing output expanded this month for the first time since April, official data showed Thursday, rare good news for leaders struggling to boost activity in the world's second-largest activity.

Shells to surfboards: how wildlife has adapted to plastic

A hermit crab trundles across a beach in Japan's Okinawa, carrying its home on its back: not a shell, but a disintegrating plastic yellow measuring spoon.

To tackle plastic scourge, Philippines makes companies pay

Long one of the world's top sources of ocean plastic, the Philippines is hoping new legislation requiring big companies to pay for waste solutions will help clean up its act.

Striking Boeing workers aim to restore old retirement program

Some 33,000 Boeing workers have been on strike for seven weeks after twice voting down labor contracts, with the latest rejected offer featuring a 35 percent wage hike.

What would a Trump win mean for abortion in the United States?

A second Donald Trump presidency could amplify efforts by conservative politicians to restrict abortion access across the United States.

Argentina hit by massive transport strike

Planes, trains, trucks and taxis ground to a halt in Argentina on Wednesday in a major one-day strike over President Javier Milei's austerity policies.

Stocks mostly retreat, bitcoin close to record high

Stock markets largely fell Wednesday as investors digested a mixed bag of economic data and corporate reports, while bitcoin traded close to its record high ahead of the US presidential election.

Stocks diverge, bitcoin close to record high

Stock markets diverged Wednesday as they digested a mixed bag of economic data and corporate reports, while bitcoin traded close to its record high with eyes on the upcoming US presidential election.

Germany dodges recession but inflation rises sharply

Germany dodged a technical recession after posting surprise growth in the third quarter, official data showed Wednesday, but the rare good news for Europe's largest economy was tempered by a sharp uptick in inflation.

Riyadh Air orders 60 Airbus planes

Saudi Arabia's new national airline, Riyadh Air, announced on Wednesday it has ordered 60 narrow-body aircraft from Airbus, as it prepares for takeoff next year.

Eurozone economy grows more than expected

The eurozone economy grew faster than expected between July and September buoyed by Germany's surprise expansion, official data showed Wednesday, but experts warned of slow growth in the months ahead.

UBS smashes forecasts with $1.4 bn net profit

Swiss banking giant UBS said Wednesday it earned a net profit of $1.4 billion in the third quarter, beating analyst expectations.

Chinese EV giant BYD beats Tesla in quarterly revenue for first time

Chinese electric vehicle giant BYD reported surging sales on Wednesday, surpassing global rival Tesla in quarterly revenue for the first time as its push into overseas markets advances.

US economic growth solid but below expectations as election nears

The US economy undershot expectations in the third quarter even as growth remained resilient, according to government data Wednesday, weighing on inflation-weary voters less than a week to the presidential election.

Volkswagen sees 'painful' cost cuts ahead as profit plunges

Ailing auto giant Volkswagen warned Wednesday that "painful" cost cuts were unavoidable as third-quarter profit plummeted, fuelling tensions with unions which fear mass job losses and factory closures on home turf Germany.

Botswana votes as president's party seeks to extend six-decade rule

Diamond-rich Botswana went to the polls Wednesday with voters concerned about high unemployment and an economic slump as the ruling party vies to extend its nearly six decades in power and hand President Mokgweetsi Masisi a second term.

Stocks falter, bitcoin close to record high

Major stock markets mostly dropped Wednesday and bitcoin traded close to its record high with all eyes on the upcoming US presidential election.

Eurozone economy grows faster than expected

The eurozone economy grew more than expected in the third quarter, official data showed Wednesday, thanks to Germany which defied expectations and dodged a recession.

Germany dodges recession, posts surprise growth on spending boost

The German economy unexpectedly grew in the third quarter as domestic spending increased, official data showed Wednesday, defying expectations of a slowdown that would have tipped the European giant into a technical recession.

Worries for Japan economy after election shock

Political uncertainty after Japan's election shock risks slowing economic reforms, pushing up government spending and even holding up the Bank of Japan's exit from its outlier monetary policy, economists said.

Volkswagen profit plunges on high costs, Chinese slump

Europe's biggest carmaker Volkswagen reported a 64-percent drop in third-quarter net profit Wednesday, as it struggles with high costs and slowing sales in China.

Bitcoin close to record as cautious markets eye US election

Bitcoin was close to $73,000 in early Asian trade Wednesday, approaching a record high with investors keeping a cautious eye on the US presidential election.

UK's Labour govt prepares to deliver decisive first budget

Britain's new Labour government unveils its first budget on Wednesday, with Prime Minister Keir Starmer warning of tax rises and public spending cuts as he focuses on long-term growth.

The Fort Worth Press - Economy (English)