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Asian markets mostly on front foot, bitcoin rally stutters

Most 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.

Donkeys offer Gazans lifeline amid war shortages

Amina Abu Maghasib's livelihood rests on one animal: a donkey that pulls the cart she uses to transport people around Gaza, where more than a year of war has led to a widespread shortage of fuel for cars.

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Spanish PM in India seeking to bolster trade ties

Spanish Prime Minister Pedro Sanchez was welcomed to India Monday with a flower-filled open-top parade alongside counterpart Narendra Modi, as Madrid seeks to boost investment in the world's fifth-largest economy.

Crisis-hit VW eyeing plant closures, deep pay cuts: report

Volkswagen is considering closing several plants in Germany and slashing salaries by 10 percent as the ailing auto giant pursues a drastic cost-cutting plan, a media report said Monday.

Philips lowers sales outlook on drop in China orders

Dutch medical device maker Philips lowered Monday its full year sales target, blaming drop in demand from Chinese hospitals as it released third quarter results.

Oil prices tumble as Iran fears ease, yen weakens after Japan polls

Oil prices tumbled Monday with markets relieved that Israel's strikes on Iran had avoided the country's energy infrastructure while the yen fell to a three-month low after Japan's ruling party suffered an election drubbing.

Olympus CEO resigns over alleged illegal drugs purchase

The German CEO of major Japanese optical equipment manufacturer Olympus has stepped down after allegedly buying illegal drugs, the company said on Monday.

Trump's New York rally attacks Harris, draws criticism

Republican Donald Trump led a headline-grabbing New York rally on Sunday with nonstop attacks on Kamala Harris, but Democrats sought to capitalize on crude insults from some of his allies' opening speeches.

Trump leads New York rally as Harris targets grassroots

Donald Trump will take to the stage Sunday at a famous New York arena before thousands of supporters in the Democratic stronghold city, seeking a blitz of attention in the final stretch of one of America's closest ever White House races.

Trump back in New York as Harris targets grassroots

Donald Trump supporters lined up for his rally Sunday at a famous New York arena while Kamala Harris went neighborhood to neighborhood in Philadelphia, just over a week before America votes in an extraordinarily close White House race.

Japan ruling party projected to miss majority in election

Japan's scandal-hit ruling party fell short of a majority for the first time since 2009 in snap elections on Sunday, media projections showed, a blow to new Prime Minister Shigeru Ishiba.

Real Madrid condemn racist abuse of Barca players in Clasico

Real Madrid condemned racism from some of their supporters aimed at Barcelona players including teenager Lamine Yamal and Alejandro Balde during the club's 4-0 Clasico defeat on Saturday.

Trump takes election pitch to storied New York arena

Donald Trump rallies supporters Sunday at an iconic New York arena while Kamala Harris goes neighborhood to neighborhood in Philadelphia just over a week before America votes in an extraordinarily close White House race.

China's second-generation factory owners go digital to combat challenges

Dressed in a pristine white knit top, Robyn Qiu cut an incongruous figure in her parents' dusty, hangar-like metal hardware factory in eastern China as she gestured excitedly while an assistant filmed her on a smartphone.

Indonesia bets on SE Asia's first battery plant to become EV hub

Rows of robotic arms move with precision to assemble nickel-based battery cells on the production line at Indonesia's inaugural electric vehicle battery plant, the first in Southeast Asia.

Recession-hit Argentina gripped by 'Ponzidemia'

A quiet Argentine town best known for its oranges has become the symbol of a Ponzi scheme plague sweeping the crisis-hit nation that has cost thousands of people their savings.

Curfew extended in French Caribbean territory amid power blackout

French authorities maintained a night curfew amid fresh unrest on the Caribbean territory of Guadeloupe on Saturday as they battled to restore power they accused striking energy workers of sabotaging.

Floods hit Saint-Tropez as rains lash south of France

Floodwaters lapped the shopfronts in the glitzy French resort of Saint Tropez on Saturday as torrential rains closed roads and train lines across the south of the country.

Report details fossil fuel threat to 'Amazon of the seas'

Fossil fuel exploration is threatening an ever-expanding swath of the Coral Triangle, one of the most biodiverse marine areas in the world, a report said Saturday.

End of golden era for Chinese investors in Bordeaux wine

After over a decade of snapping up Bordeaux wine estates, buying into a dream of elegant living in France and good earnings in their home market, many Chinese investors are now selling up.

Decline of rural Japan not our fault, women say

By pledging to revitalise depopulated rural areas, Japanese Prime Minister Shigeru Ishiba hopes to help his party retain its majority in Sunday's general election.

G7 finalize $50 bn Ukraine loan backed by Russian assets profits

G7 leaders have finalized details surrounding a $50 billion loan to aid Kyiv, backed by profits from Russian sovereign assets frozen after its invasion of Ukraine, according to a statement released Friday.

Moody's cuts France outlook, opening door to credit downgrade

Ratings agency Moody's downgraded France's outlook Friday, opening the door to a potential credit rating cut as it cited concerns over the country's finances.

BHP, Vale agree to pay $30bn damages for Brazil dam disaster

Mining giants BHP and Vale on Friday signed a deal with Brazil's government to pay nearly $30 billion in damages for a 2015 dam collapse that triggered the country's worst environmental disaster.

Turkmenistan's 'Gateway to Hell' lit gas pit faces closure

Turkmenistan said on Friday it will capture the gas fuelling its "Gateway to Hell", putting the man-made fire pit at risk of closure as the reclusive state seeks to reduce its greenhouse emissions.

Waymo ramps up robotaxi push with $5.6 bn in funding

Waymo on Friday said it raised $5.6 billion from investors to expand a robotaxi program now operating in Los Angeles, Phoenix and San Francisco.

Stock markets diverge going into weekend

Global stock markets diverged Friday in an end to a week's trading dominated by earnings updates and bond yield worries.

BHP, Vale agree to pay $30bn compensation for Brazil dam disaster

Mining giants BHP and Vale on Friday signed a deal with Brazil's government to pay nearly $30 billion in compensation for a 2015 dam collapse that triggered the country's worst environmental disaster.

IMF raises concerns about effects of Sudan conflict on neighbors

The war in Sudan is likely to cause heavy economic damage in neighboring countries, the IMF's deputy director for Africa, Catherine Pattillo, told AFP.

Russia hikes interest rates to 20-year high

Russia's central bank hiked interest rates to 21 percent on Friday, taking borrowing costs to their highest level in more than two decades as Moscow's Ukraine offensive has triggered rapid price rises at home.

UK's Labour govt prepares to unveil its first budget

Britain’s new Labour government unveils its maiden budget Wednesday, with Prime Minister Keir Starmer warning of "painful" decisions over taxes and public spending.

Stock markets diverge in steady end to week

Major European and Asian stock markets diverged Friday in a quiet end to the week's trading dominated by earnings updates.

Asia markets diverge after Tesla boosts Wall Street

Japanese shares ended the day down but Chinese markets gained in disjointed Asian trade on Friday, after Wall Street cheered strong results from electric car giant Tesla.

Lebanon says Israeli strike kills 3 journalists

Lebanon said an Israeli air strike killed three journalists on Friday, in an attack on the country's south that the minister of information branded as a "war crime".

The Fort Worth Press - Economy (English)