The Fort Worth Press

OPEC+ meets after Biden push to hike oil output

The OPEC+ group of major oil exporters meets Wednesday to discuss its output strategy after US President Joe Biden lobbied Saudi Arabia to boost production to tame soaring prices.

Sri Lanka faces 'great danger' as crisis drags

Sri Lanka faces a "great danger" with fuel shortages sparked by its unprecedented economic crisis set to continue at least till the year's end, President Ranil Wickremesinghe warned Wednesday.

Solar electric tricycles give Zimbabwean women a lift

For years, selling eggs was a joyless business for Danai Bvochora, as most of the money she made went to cover minibus fares to the market in a rural area of Zimbabwe.

Percent of Americans without health coverage hits new low

The proportion of the US population with no health insurance in the United States reached a new low in early 2022 at eight percent, President Joe Biden's administration said Tuesday.

US loan delinquencies creep up amid high debt loads: report

US households have continued to take on more debt, in part to deal with soaring prices, a report showed Tuesday, while cases of borrowers unable to pay loans are creeping up in a troubling sign of things to come.

New Liga sponsors EA Sports to 'revolutionise' Spanish football

US video games giant Electronic Arts will replace Spanish bank Santander as the title sponsor of La Liga from summer 2023, the league announced on Tuesday.

Caterpillar profits rise but says supply chain still messy

Strong industrial demand in most leading markets lifted Caterpillar's results in the latest quarter, but the US heavy equipment maker said Tuesday it faced persistent supply chain problems.

Uber reports loss, but beats income expectations

Uber reported better-than-expected revenue on Tuesday, fueled by strong demand for the San Francisco-based company's ride-hailing and food delivery services that sent its shares upward.

Ferrari lifts annual target after record orders

Luxury Italian carmaker Ferrari raised its financial targets for the year on Tuesday after reporting record orders in the second quarter.

British Airways halts short-haul Heathrow flight sales

British Airways on Tuesday suspended ticket sales for short-haul London Heathrow flights until at least Monday, in order to meet the hub's request to cap flights due to staff shortages.

Uber posts quarterly loss, but revenue exceeds expectations

Uber on Tuesday reported better-than-expected revenue in the second quarter, fueled by strong demand for the San Francisco-based company's ride-hailing and food delivery services.

Nearly 700 migrants crossed Channel on Monday in 2022 record: UK

Almost 700 migrants and asylum seekers crossed the Channel to Britain in a single day this week, a new record for the year, the UK government said Tuesday.

BP profit triples to $9.3 bn on soaring energy prices

British oil giant BP rebounded to second-quarter profit on soaring energy prices, it said Tuesday, after a big loss linked to its Russia exit following Moscow's invasion of Ukraine.

Argentine judge allows some crew of grounded Venezuela plane to depart

An Argentine judge investigating the Iranian and Venezuelan crew of a cargo plane that has been grounded in Buenos Aires since June authorized the departure of 12 of them on Monday, local media reported.

China population to begin shrinking by 2025: officials

China's population will begin to shrink by 2025, officials have said, as family sizes grow smaller and citizens age.

Crackdown seeks to stifle Iran's critical voices

Executions on a scale not seen for years. Mass arrests of regime critics including top film-makers. Trials of foreign nationals denounced as a sham by their families.

Beyonce to remove offensive lyric after disabled community outcry

Beyonce will remove a derogatory term for disabled people from her new song "Heated," a spokesperson said Monday, after its use was condemned as offensive by campaigners.

In Paris, monkeypox vaccination gains steam with volunteer help

Doctor Kevin Huy was vaccinating people in Paris against Covid-19 when he answered a call for volunteers to inoculate against a more recent global outbreak -- monkeypox.

US manufacturing growth slows further in July: survey

The US manufacturing sector continued to grow in July, but the pace was impacted by dimming demand while price increases have slowed dramatically, according to an industry survey released Monday.

Richer childhood friends boost future income, Facebook data shows

An analysis of 21 billion Facebook friendships shows that children from poorer homes are likely to earn more later in life if they grow up in areas where they can become friends with wealthier kids.

Barcelona sell 25% of Barca Studios for 100m euros

Barcelona have sold 25 percent of Barca Studios, which manages the club's digital business and audiovisual productions, to Socios.com for 100 million euros (102.5m dollars), club president Joan Laporta said on Monday.

Koerner seeking to put Credit Suisse on a straight path

Ulrich Koerner took over as Credit Suisse's chief executive on Monday with the mammoth task of revitalising Switzerland's second-biggest bank following a series of scandals.

England rejoices at women's historic Euro 2022 triumph

England's hungover "Lionesses" held a victory party in central London on Monday in front of thousands of jubilant fans after they clinched the country's first major football trophy since 1966.

European equities drift higher after Asian gains

European equities drifted higher Monday after Asian gains, as investors tracked the latest corporate and geopolitical news.

HSBC H1 pre-tax profit falls, dismisses calls for split

HSBC bank on Monday said pre-tax profit fell in the first half, and appeared to rebuff calls to spin off its Asian activities on the eve of a key shareholder meeting.

Bankrupt Sri Lanka seeks urgent help to feed children

Sri Lanka issued an urgent appeal on Monday to tackle rapidly spreading malnutrition among children as its economic crisis leaves nine out of 10 people dependent on state handouts.

Yamashita becomes Japan's first woman pro referee

Yoshimi Yamashita became Japan's first woman professional football referee on Monday and said she was happy to "make a splash" as she prepares to create history at the World Cup.

Japan's top airline ANA reports first net profit in 10 quarters

Japan's biggest airline ANA on Monday posted a quarterly net profit for the first time in two and a half years as the sector recovers from the financial pain of the pandemic.

Asian markets rise as traders weigh rates outlook, China data

Asian markets mostly rose Monday and oil fell as investors brushed off both weak data from China and comments indicating the Federal Reserve is wedded to its anti-inflation rate hike campaign.

HSBC H1 pre-tax profit falls, says to pay quarterly dividends

HSBC on Monday said pre-tax profit fell in the first half of 2022 but it intends to resume quarterly dividends next year as its annual outlook remained positive.

Syria's last traditional boat-makers keep ancient craft afloat

Khaled Bahlawan hammers nails into a traditional wooden boat he built by hand, toiling under the scorching sun on Syria's Mediterranean coast to preserve a disappearing ancient skill.

Alibaba shares extend losses on US delisting fear

Chinese e-commerce giant Alibaba led technology stocks lower in Hong Kong on Monday after US authorities put it on a watchlist that could see it delisted in New York if it does not comply with disclosure orders.

Unit of Chinese property giant Evergrande ordered to pay $1.1 billion

A unit of embattled Chinese developer Evergrande has failed to repay its loans and must pay a guarantor $1.1 billion, the company said in a Hong Kong stock exchange filing.

Asian markets mixed as traders weigh rates outlook, China data

Asian markets were mixed Monday and oil fell as investors assessed data showing further weakness in China's economy and comments from Federal Reserve officials showing it was wedded to its campaign of interest rate hikes to fight inflation.

Russia says drone attack hits Crimea navy HQ

Russia said an attack from a drone Sunday wounded six personnel at the headquarters of its Black Sea fleet in annexed Crimea, as authorities in Ukraine's southern city of Mykolaiv reported it had suffered its "strongest" shelling of the war.

Bin Laden family donated £1m to Prince Charles charity: report

Prince Charles, the heir to the British throne, accepted a £1 million ($1.19 million, 1.21 million euro) donation to his charitable trust from the family of 9/11 mastermind Osama bin Laden, The Sunday Times reported.

Sri Lanka president seeks unity government to save economy

Sri Lanka's new president Ranil Wickremesinghe has formally invited MPs to join an all-party unity government to revive the bankrupt economy by undertaking painful reforms, his office said Sunday.

China's July factory activity weakens on soft demand

China's manufacturing activity logged a surprise drop in July, official data showed Sunday, on the back of weak demand and as strict zero-Covid restrictions continue to cast a pall on growth.

Crypto clients beg for their cash back after lender's crash

An Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back.

The Fort Worth Press - Economy (English)

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