The Fort Worth Press

Birkenstock to debut in New York with $8.6 bn IPO valuation

German sandals maker Birkenstock will debut on the New York stock exchange Wednesday with a valuation of $8.6 billion that belies its former dowdy image, with the brand now a fashion favorite and the pink footwear of choice for "Barbie."

World Bank needs to get 'bigger': president

The World Bank could raise its lending capacity by $150 billion in the next decade but it will need to become "bigger" to respond to global challenges, its president said Wednesday.

'Immediate' cuts to methane from fossil fuel needed: IEA

Methane emissions from fossil fuels must be slashed immediately to limit climate warming, and major reductions are possible with existing technologies at low cost, the International Energy Agency said Wednesday.

China to hold Belt and Road celebration with Putin expected

China announced Wednesday it will host a gathering of foreign leaders next week to celebrate a decade of its Belt and Road infrastructure project, with Russian President Vladimir Putin expected to attend.

Birkenstock to debut in New York with $8.6 bn IPO

German sandals maker Birkenstock will debut on the New York stock exchange Wednesday with a valuation of $8.6 billion that belies its former dowdy image, with the brand now a fashion favorite and the pink footwear of choice for "Barbie."

Asian markets build on global rally as Fed pause hopes grow

Asia extended a global markets rally Wednesday on a growing belief the Federal Reserve is finished with its interest rate hiking cycle, while optimism was also boosted by a report that China is considering a large burst of economic stimulus.

'Not proud at all': Japan's army struggles to recruit

A recent open day at a Japanese military base near Tokyo was a fun family outing but, despite the games and snacks, the army recruitment stand was bereft of visitors.

Birkenstock to target $8.6 bn IPO valuation: reports

German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering that values the company at $8.6 billion, according to multiple media reports.

Birkenstock to target $8.6 bn IPO valuation: media reports

German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering that values the company at $8.6 billion, according to multiple media reports.

Stocks rise, oil dips as markets assess Israel-Hamas conflict

Major equity markets advanced Tuesday after top Federal Reserve officials suggested a recent spike in US Treasury yields could prevent more interest rate hikes, while oil fell one day after surging on the Israel-Gaza conflict.

Star witness at US crypto trial says Bankman-Fried ordered fraud

Disgraced crypto wunderkind Sam Bankman-Fried was the mastermind behind a scheme to defraud FTX clients of billions of dollars, the star witness in his US trial testified on Tuesday.

LVMH sales growth falters in third quarter

The world's top luxury group LVMH said Tuesday that its third quarter sales were nearly flat at 19.96 billion euros ($21.2 billion), a one percent increase from the same period last year.

London mayor says concerned by bedbug outbreaks in France

London's mayor warned Tuesday that a spike in bedbug cases across France "is a real source of concern", as fears grow of the blood-sucking insects spreading to Britain.

Pre-election jitters send Argentine peso to new lows

The US dollar broke through the symbolic 1,000 peso mark on Argentina's parallel market on Tuesday, as citizens scramble to dump the currency two weeks before a presidential election, according to websites tracking the rate.

Yellen urges more IMF, World Bank reforms for climate fight

US Treasury Secretary Janet Yellen said Tuesday she backed efforts to boost the lending firepower of the IMF and World Bank to combat poverty and climate change.

Russian forces close in on east Ukraine's Avdiivka

Russian forces closed in on the frontline town of Avdiivka in east Ukraine on Tuesday, as Kyiv warned Moscow was stepping up strikes in an attempt to encircle it completely.

UK Labour leader Starmer vows 'decade of national renewal' if elected

Britain's opposition leader Keir Starmer vowed Tuesday to spearhead a "decade of national renewal" if his Labour party returns to power after nearly 14 years in a general election expected next year.

Stocks rise, oil dips after surge

Major equity markets advanced Tuesday after top Federal Reserve officials suggested a recent spike in US Treasury yields could prevent more interest rate hikes, while oil dipped one day after spiking on the Israel-Gaza conflict.

Labour leader Starmer to pledge to repair UK

Britain's opposition leader will promise on Tuesday that a future Labour government would "heal" the UK after 13 years of Conservative rule, tackling a cost-of-living crisis sparked by Brexit, pandemic lockdowns and the war in Ukraine.

Stock markets rally, oil dips after surge

Major equity markets mostly rallied Tuesday as top Federal Reserve officials suggested a recent spike in US Treasury yields could prevent more interest rate hikes, while oil dipped one day after spiking on the Israel-Gaza conflict.

IMF says world economy resilient to shocks but 'limping'

The IMF kept its 2023 global growth forecast unchanged on Tuesday but warned that the economy is "limping along" as inflation remains high and the outlooks for China and Germany were downgraded.

UK Labour party's new love affair with British business

After years of disenchantment, British business leaders flocked to this week's Labour conference, signalling a reset in relations between the centre-left party and a corporate community scalded by the economic policies of the ruling Conservatives.

TotalEnergies hit with lawsuit over 2021 Mozambique jihadist massacre

Seven survivors and relatives of victims of a bloody 2021 jihadist attack in northern Mozambique have launched legal action against France's TotalEnergies, accusing it of failing to protect contractors at a multi-billion-dollar gas field, their lawyers said Tuesday.

Markets cheered by Fed rate hopes, oil eases after surge

Equities mostly rose Tuesday after top Federal Reserve officials suggested the recent spike in US Treasury yields could act as a substitute for further interest rate hikes.

Asian markets rally on Fed rate hopes, oil eases after surge

Equities rallied Tuesday after top Federal Reserve officials suggested the recent spike in US Treasury yields could act as a substitute for further interest rate hikes.

'They're afraid of joy': Pakistan's trans community fights hate

Clad in a Barbie-pink shalwar kameez, influencer and doctor Mehrub Moiz Awan reels off endless examples of harassment she's received since becoming the sharp-tongued figurehead of Pakistan's queer community.

China's Country Garden says might not meet all debt obligations

Debt-saddled Chinese property giant Country Garden said Tuesday that it did not expect to meet all of its offshore payment obligations in time as it battles to avoid default.

Global stocks mixed as oil surges on Israel-Gaza war

Wall Street rebounded Monday and European stocks dipped, as oil prices surged on fears that the war between Israel and Hamas militants in Gaza could escalate in the crude-rich Middle East.

US Fed should proceed 'carefully' on rate hikes, officials say

The US Federal Reserve should proceed carefully when deciding whether or not to hike interest rates further to bring down inflation, two senior officials said Monday.

t iOil soars as Hamas attack on Israel sparks war

Equity markets held their ground but world oil prices spiked Monday after Hamas launched a shock deadly attack on Israel, which has declared war on Gaza, sparking fear of an escalating conflict in the crude-rich Middle East.

2023: A record Nobel haul for women

It as been a record year for women in the Nobel prizes season, with Claudia Goldin of the United States swelling their ranks on Monday by winning the Economics Prize.

Oil soars as Hamas attack on Israel sparks war

World oil prices spiked Monday after Hamas launched a shock deadly attack on Israel, which has declared war on Gaza, sparking fear of an escalating conflict in the crude-rich Middle East.

Claudia Goldin wins Nobel for work on women in the labour market

The Nobel prize in economics was on Monday awarded to American economist Claudia Goldin for her research that has helped understand the role of women in the labour market.

Fears over Uganda's anti-gay law threaten HIV progress

At a mostly empty clinic catering to HIV patients, staff monitor CCTV footage for potential spies, reflecting the fear among Ugandan health workers following the adoption of a controversial anti-gay law.

Economics prize closes out 2023 Nobel season

The economics prize closes the prestigious Nobel awards season on Monday, with specialists on credit, the job market or inequalities expected to be among the contenders.

Oil prices jump as Hamas attack on Israel fuels supply fears

Oil prices rallied while the dollar and yen advanced Monday after Hamas launched a shock attack on Israel at the weekend, sparking fresh concerns about tensions in the Middle East.

IMF, World Bank hold first meetings in Africa in 50 years

The IMF and World Bank gather in Morocco Monday for their first annual meetings on African soil in 50 years, under pressure to reform to better aid poor nations blighted by debt and climate change.

A new 'Exorcist' takes possession of N.America box office

Fifty years after the original, newly released "The Exorcist: Believer" topped the North American box office this weekend with an estimated $27.2 million in ticket sales, industry watcher Exhibitor Relations said Sunday.

At a US shooting range, more women pull the trigger

Clad in a pink T-shirt that reads "A girl and a gun," firearms instructor Charneta Samms shows a group of women how to get a proper grip on a pistol.

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