The Fort Worth Press

Ford, GM lay off about 500 more US workers due to strike

Ford and General Motors said around 500 more workers have been temporarily laid off due to "knock-on effects" from the ongoing strike at Detroit's "Big Three" automakers.

Macron party plans bill to squash France bedbug 'scourge'

The party of French President Emmanuel Macron on Tuesday said it would this year put forward a bill to combat surging numbers of reported bedbug cases, which are being increasingly seen as a major potential public health problem.

Stock markets drop, oil prices extend losses

Major stock markets mostly fell and oil prices cooled further Tuesday as traders weighed the prospect of inflation and interest rates staying high for a prolonged period.

China's Evergrande up 28% in Hong Kong after trade resumes

Shares in heavily indebted Chinese property giant Evergrande ended higher Tuesday, resuming trade following last week's suspension and the firm's announcement its boss was under criminal investigation.

China's Evergrande closes up 28% in Hong Kong after trade resumes

Shares in heavily indebted Chinese property giant Evergrande ended higher Tuesday as they resumed trade following last week's suspension when the firm announced its boss was under criminal investigation.

Turkey's inflation hovers near 60% after policy U-turn

Turkey's annual inflation rate held steady near 60 percent last month, official data showed Thursday, offering the first evidence that President Recep Tayyip Erdogan's economic policy U-turn was working.

Markets fall on rate concerns

Markets fell Tuesday on concerns over interest rates following hawkish comments by a senior Federal Reserve official indicating the central bank was likely to keep them higher for longer.

US fraud trial of disgraced crypto star Sam Bankman-Fried begins

The trial of Sam Bankman-Fried, the former CEO of one of the cryptocurrency industry's biggest exchanges, begins on Tuesday to determine whether he committed massive fraud against more than a million clients.

Vote on Indigenous rights opens in much of Australia

Early voting opened Tuesday across a swathe of Australia on a reform that would recognise Indigenous people in the 1901 constitution for the first time.

New rights for UK donor babies as they turn 18

Around 30 young adults conceived via sperm or egg donation in the UK will soon be able to discover the identity of their biological parent.

Underpants and a sombre summer at Paris Fashion Week

From wearing your underwear in the street to the very muted colour schemes of big brands, some trends stood out from the spring-summer 2024 womenswear collections at Paris Fashion Week that ends on Tuesday.

Asian markets fall on rate concerns

Asian markets fell Tuesday on concerns over interest rates following hawkish comments by a senior Federal Reserve official indicating the central bank was likely to keep them higher for longer.

China's Evergrande resumes Hong Kong trading

Shares in Chinese property giant Evergrande rose as trading resumed on Tuesday, following a suspension last week when the heavily indebted company announced its boss was under criminal investigation.

Ford temporarily lays off 300 more US workers due to strike

Ford announced Monday that over 300 more workers have been temporarily laid off due to "knock-on effects" from the ongoing strike against the company and two other US automakers.

Stocks broadly lower as rate worries return to fore

Stocks fell across the board in Europe on Monday while Wall Street saw a mixed opening despite relief a US government shutdown had been averted, with investors focusing again on the risks of high interest rates to economic growth.

Crisis-struck German maker of Playmobil toys cuts jobs

The crisis-hit German toy company behind Playmobil, the small plastic figures loved by children the world over, said on Monday that it was cutting 17 percent of its workforce.

UK finance minister announces boost for lowest earners

The UK minimum wage will go up next year, finance minister Jeremy Hunt said Monday, as the ruling Conservative party positions itself to battle an expected general election.

Birkenstock aims to raise up to $1.58 bn in IPO

German sandal maker Birkenstock on Monday set a price for its initial public offering of shares at $44 to $49 each, which could see the company raise up to $1.58 billion.

Equities retreat with US rate worries back in focus

Stocks fell in the US and Europe on Monday, with relief that a government shutdown was avoided in Washington proving short-lived as investors focused again on the risks from high interest rates.

Oil industry 'central' to climate solutions: COP28 head

The president of the upcoming COP28 climate talks told an Abu Dhabi oil conference on Monday that the fossil fuel industry would play an essential role in addressing the climate crisis.

Green groups target TotalEnergies over Tanzania, Uganda projects

Four environmental groups have taken legal action against French giant TotalEnergies on claims of "climaticide" over a controversial oil project in Tanzania and Uganda, their lawyers said Monday.

Equities retreat with US rates back in focus

Asian and European stock markets mostly fell Monday and the dollar rose as relief over a last-minute deal to avoid a US government shutdown gave way to renewed concerns over high interest rates.

Asian markets retreat with US rates back in focus

Asian markets were mostly lower Monday as relief over the US Congress passing a last-minute deal to avoid a government shutdown gave way to renewed concerns over interest rates.

Indonesia launches Southeast Asia's first high-speed rail

Indonesia launched Southeast Asia's first high-speed railway on Monday, a delayed, multibillion-dollar project backed by China that President Joko Widodo hailed as "a symbol of our modernisation".

Asian markets mixed after US avoids government shutdown

Asian markets were mixed Monday after the US Congress passed a last-minute deal at the weekend to avoid a costly government shutdown.

The 10-year-old fashion influencer

Taylen Biggs has close to 1.5 million followers across TikTok and Instagram, a wardrobe full of designer clothes and 15 fashion weeks under her belt -- and she's 10 years old.

Nigeria announces measures to offset rising costs as strikes loom

Nigeria's President Bola Ahmed Tinubu on Sunday proposed a temporary minimum wage hike and more cheap gas-powered public transport among other measures to help offset the impact of his economic reforms as labour unions threatened a national strike.

Nigeria's Tinubu announces measures to offset rising costs

Nigeria's President Bola Ahmed Tinubu on Sunday proposed a temporary minimum wage hike for lower-paid workers, cheap gas-powered public transport and more social security for the poor to help offset the impact of his economic reforms.

In face of corporate behemoths, an indie music festival thrives

Back in 2006, Spotify was a nascent start-up, your average stateside concert tickets went for $40 and many fans learned about the best new music from blogs like All Things Go.

Threats and violence as Turks feud over soaring rents

Cengiz Orsel hung a banner above his woodcarving workshop in Ankara so that everyone would know the astronomical rent increase his landlord is demanding.

Sexual wellbeing industry revels in swelling sales

From creams and oils promising to take the user to seventh heaven to multi-sensory vibration devices and erotic lingerie, the sex accessory market has become more feminine over the years, even feminist.

California's green drive leaves its oil towns behind

Fred Holmes watches with satisfaction as pumps pull oil from deep under his California farm, tapping a supply he thinks could last another century.

India's private space sector skyrockets

When Indian entrepreneur Awais Ahmed founded his satellite startup in Bangalore in 2019, his country was still a year away from opening the space industry to the private sector.

Last-gasp drama moves US away from government shutdown

Last-gasp moves to prevent a US government shutdown took a dramatic step forward Saturday, as Democrats overwhelmingly backed an eleventh-hour Republican measure to keep federal funding going for 45 days, albeit with a freeze on aid to Ukraine.

US government hours from shutdown, as lawmakers scrabble for solutions

With the US government just hours from shutting down on Saturday, Republican Speaker Kevin McCarthy pitched a last-gasp stopgap measure to avoid a closure that would throw into doubt everything from access to national parks to Washington's massive support for Ukraine.

US government hours from shutdown, as lawmakers try last-ditch solutions

The US government was just hours from shutting down on Saturday as Republicans and Democrats pursued rival stopgap measures to prevent a closure that would throw into doubt everything from access to national parks to Washington's massive support for Ukraine.

As rain vanishes, Guatemalans learn to use every drop of water

As rain becomes ever scarcer in northern Guatemala, communities are learning how to carve out makeshift irrigation canals and purify their water to conserve every last precious drop.

Injuries in Scotland rail crash, Flying Scotsman involved

Several people were injured after two trains, one of which was the storied Flying Scotsman, collided at Aviemore railway station in the Highlands of Scotland on Friday, police said.

Global stocks mixed ahead of looming US government shutdown

Global stocks ended mixed Friday on signs of slowing inflation on both sides of the Atlantic, ahead of an impending government shutdown in the United States.

The Fort Worth Press - Economy (English)

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