The Fort Worth Press

US industrial output jumps in July on solid manufacturing gain

A solid rebound in American manufacturing, especially vehicles, following two months of declines, help push overall industrial production up in July, the Federal Reserve said Tuesday.

Chinese ship docks in Sri Lanka despite India, US concerns

A Chinese research vessel docked at Sri Lanka's Chinese-run southern port of Hambantota on Tuesday despite concerns from India and the United States about its alleged spying activities.

China factories ration power as heatwave sends demand soaring

Chinese lithium hub Sichuan province will ration electricity supply to factories until Saturday, state media reported, as a heatwave sends power demands soaring and dries up reservoirs.

Zelensky warns Zaporizhzhia 'catastrophe' would threaten whole of Europe

A "catastrophe" at the Russian-controlled Zaporizhzhia nuclear plant in southern Ukraine would threaten the whole of Europe, Ukrainian President Volodymyr Zelensky warned on Monday.

Napoli thump Verona as Osimhen racially abused

Napoli ran out convincing 5-2 winners at Verona on Monday in their opening match of the Serie A season which was marred by Victor Osimhen being targeted by racist abuse from the stands.

Putin pushes Russia's combat-tested arms for export

President Vladimir Putin on Monday promoted Russian weapons to his foreign allies, saying they had all been tested on the field of battle.

Stuttering China recovery weighs on Asian markets

Asian markets mostly rose Monday as investors cheered signs of cooling US inflation but optimism was dampened by data showing China's economic recovery stuttering under Covid-19 restrictions and a slumping property sector.

UK Yoga 'warriors' fighting to diversify booming industry

London-based yoga instructor Stacie Graham is on a mission to make the ancient practice more racially and socially diverse, urging her charges to become "warriors for change" in the booming industry.

China cuts rates as economic recovery weaker than expected

China's central bank slashed key interest rates Monday in a bid to kick-start the country's stuttering economic recovery as data showed factory output and retail sales for July came in weaker than analysts' expectations.

China's factory output, retail sales up in July but weaker than expected

Factory output and retail sales in China edged up in July but were weaker than analysts' expectations, official data showed Monday, as a Covid-19 resurgence and property market jitters cast a pall over hopes for a stronger economic recovery.

All systems go in Houston as NASA prepares return to Moon

Rick LaBrode has worked at NASA for 37 years, but he says the American quest to return to the Moon is by far the crowning moment of his career.

Japan's GDP expands in Q2 after Covid curbs lifted

Japan's economy expanded in the three months to June, official data showed Monday, after the government lifted Covid-19 curbs on businesses.

Contestants spar in great Argentinian grill-off

Argentine grill masters fired up their spits Sunday for the fourth annual Federal Roast Championship in Buenos Aires.

'Bullet Train' locked and loaded atop N.America box office

Sony's "Bullet Train" held the top spot for the second week running in the North American box office, industry watcher Exhibitor Relations estimated Sunday during a relatively flat mid-August period of moviegoing.

Saudi Aramco unveils record profits as oil prices soar

Oil giant Saudi Aramco on Sunday unveiled record profits of $48.4 billion in the second quarter of 2022, after Russia's war in Ukraine and a post-pandemic surge in demand sent crude prices soaring.

Gunman detained after firing shots in Canberra airport

A gunman fired around five shots inside Canberra's main airport Sunday, sending passengers fleeing but injuring no one before he was detained by Australian police.

Saudi Aramco unveils record $48.4 billion profit in Q2

Oil giant Saudi Aramco on Sunday unveiled record profits of $48.4 billion in the second quarter of 2022, after Russia's war in Ukraine and a post-pandemic surge in demand sent crude prices soaring.

'Now Hiring': US employers struggle to find enough workers

Salespeople, food servers, postal workers -- "Help Wanted" ads are proliferating across the United States, as companies struggle to deal with a worker shortage caused by the pandemic, a rash of early retirements and restrictive immigration laws.

Artistic swimming men finally get the pool to themselves

Giorgio Minisini made sporting history at the European Aquatics Championships in Rome when he became the first winner of a men's artistic swimming competition at a major international event.

Dark thoughts haunt Ukrainians in shadow of nuclear crisis

A hard wind blows through the Ukrainian town of Marganets. It is coming across the Dnipro river, from the Zaporizhzhya nuclear power plant occupied by Russian troops.

Albanian farmer feeds coffee to fields amid fertiliser crunch

With the pandemic and the Ukraine conflict sending fertiliser prices through the roof, Albanian farmer Alban Cakalli has turned to coffee, one of the Balkan country's great loves, to nourish his fields.

US to boost Taiwan trade, conduct air, sea transits

The United States will boost trade with Taiwan in response to China's "provocative" behaviour, the White House said Friday, as it insisted on the right of air and sea passage through the tense strait.

Venezuela's suicide epicenter battles further deaths

Henry La Cruz jumps off his motorbike, darts to a young man and grabs hold of him just before he leaps from a viaduct.

Foreigners flock to Canada for monkeypox vaccine

With the monkeypox vaccine in short supply in the United States, thousands of foreigners, including Americans are flocking to Montreal to get their shots.

Mexico prepares to begin underground search for trapped miners

Mexican authorities said Friday they were finally in a position to begin searching a flooded coal mine where 10 workers have been trapped for more than a week, offering fresh hope to anguished relatives.

Easyjet pilots strike in Spain

Easyjet's Spanish pilots walked out on Friday, calling for the reinstatement of conditions they enjoyed before the coronavirus pandemic, two weeks after a strike by the low-cost carrier's cabin crew had resulted in a deal.

Mexican officials say close to accessing trapped miners

Mexican authorities said on Friday they are in a position to enter the flooded coal mine where 10 workers have been trapped for more than a week.

Stock markets still buoyed by US inflation data

Stock markets rose on Friday, still riding the positive US inflation data earlier this week as investors mull over the size of the next interest rate move by the US Federal Reserve.

Ethiopia says completes third filling of Nile mega-dam

Ethiopia said Friday it has completed the third filling of its mega-dam on the Blue Nile, a development that could raise further tensions with downstream neighbours Egypt and Sudan.

Huawei revenue down 5.9 percent in first half of 2022

Huawei's revenue dipped by just under six percent in the first half of 2022, company figures showed Friday, as the Covid-19 pandemic and US-China trade rivalry hit sales.

Stock markets mixed as traders contemplate more rate hikes

Markets were mixed Friday, with traders struggling to build on the previous day's rally as they come to terms with the likelihood that central banks will continue to raise interest rates to battle runaway inflation.

UK economy closes in on recession

Britain's economy shrank in the second quarter, official data showed Friday, as the country heads towards recession under a new prime minister.

South Korea pardons Samsung boss 'to help the economy'

The heir and de facto leader of Samsung group received a presidential pardon Friday, the latest example of South Korea's long tradition of freeing business leaders convicted of corruption on economic grounds.

Asian markets struggle as traders contemplate more rate hikes

Asian markets mostly fell Friday, winding back some of the previous day's rally, as traders come to terms with the likelihood that central banks will continue to raise interest rates to battle runaway inflation.

Drought tightens its grip on Morocco

Mohamed gave up farming because of successive droughts that have hit his previously fertile but isolated village in Morocco and because he just couldn't bear it any longer.

'Hopeless': Chinese homebuyers run out of patience with developers

Newly married and with his first child on the way, auto worker Wang wanted to move into the apartment he bought in Wuhan three years ago but those hopes were dashed by China's ballooning property crisis.

EV maker Rivian's losses nearly triple to $1.7 bn as production ramps up

Electric automaker Rivian on Thursday said its losses had nearly tripled to $1.7 billion in the second quarter, but that it is on the road to meeting production goals.

Stocks mixed as markets weigh improving US inflation data

Global stocks finished mixed on Thursday as investors weighed whether a second straight upbeat US inflation report could speed a pivot in Federal Reserve policy away from aggressive tightening.

Iraq to provide Lebanon with fuel for another year: Lebanon PM

Iraq has agreed to renew a one-year deal to provide Lebanon with fuel for its power plants in exchange for in-kind services, Lebanon's Prime Minister said in a statement Thursday.

The Fort Worth Press - Economy (English)

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