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Gabon votes on new constitution hailed by junta as 'turning point'

Gabon holds a referendum Saturday on a new constitution that the junta calls a "major turning point" after a coup that brought the curtain down on 55 years of rule by the Bongo dynasty.

Fitch upgrades Argentina debt rating amid economic pain

Credit ratings agency Fitch upgraded Argentina's sovereign debt rating to "CCC" from "CC" on Friday, citing improved ability to meet upcoming foreign debt payments and successful economic reforms under President Javier Milei.

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Pope's Canada trip to make amends for Indigenous school scandal

Pope Francis heads to Canada on Sunday for a chance to personally apologise to Indigenous survivors of abuse committed over a span of decades at residential schools run by the Catholic Church.

Fed set for another big rate hike with economy on knife's edge

US central bankers face an increasingly difficult balancing act as they struggle to douse scorching inflation while still keeping the economy growing, though they have made it clear they are willing to risk a recession.

UK's Truss urges French action as Dover delays snarl British summer getaway

British Foreign Secretary Liz Truss on Friday urged Paris to act to ease "unacceptable" delays at the English Channel port Dover, where officials blamed French border force understaffing for "ruining" summer getaways with hours-long queues.

Volkswagen to change CEO and style with departure of Diess

Volkswagen unexpectedly announced Friday that its CEO Herbert Diess will step down in a few weeks after four years at the head of the German auto giant as it attempts an ambitious shift towards electric vehicles.

EU launches new legal moves against UK over N. Ireland

The European Commission on Friday launched four new legal proceedings against Britain over London's failure to implement Brexit divorce terms to govern trade with Northern Ireland.

Czechs start razing pig farm built over WWII Roma camp

The demolition of a sprawling pig farm, built on the site of a wartime concentration camp for the Roma minority south of Prague, got underway on Friday following decades of controversy.

New customers: in occupied Ukraine, grain is sold to Russia

In an east Ukrainian village under Russian control, farm manager Viktor Molotok is surrounded by several tonnes of grain, piled up around him in mounds.

European stocks back in black, but euro under pressure

European stocks pushed back into positive territory but Wall Street traded lower on Friday at the end of a choppy week, while Snap shares fell off a cliff after reporting bleak quarterly results.

Twitter says Musk 'uncertainty' hurting revenue

Twitter blamed disappointing results Friday on "headwinds", including the uncertainty that Elon Musk's chaotic buyout bid has imposed on the company.

Snap plunges 35% after results as US stocks open mixed

Snap shares sank more than 30 percent early Friday following disappointing results as US stocks were mixed in the final session of a positive trading week.

Scholz tackles energy fears as Germany bails out gas giant

Chancellor Olaf Scholz promised to shield Germans from surging energy costs on Friday as the government agreed a rescue package for key gas company Uniper, which has been brought down by market turmoil from the war in Ukraine.

France's hung parliament passes 20-bn-euro inflation package

France's divided parliament on Friday passed its first major piece of legislation since elections last month, greenlighting a 20-billion-euro ($20-billion) package to help low-income families struggling with inflation.

Proud Sri Lanka athletes defy crisis to fulfil Games dreams

Sri Lankan badminton champion Niluka Karunaratne heads to England next week to cap his Commonwealth Games career where it began -- a swansong almost derailed by his bankrupt country's bruising economic crisis.

'Work to be done': aviation still overwhelmingly male

Rebecca Lutte regularly takes to the skies behind the controls of her RV-10 kit plane.

'Life after is more important': A child of Japan's baby hatch

Inside Koichi Miyatsu's blue, child-sized backpack are neatly folded cartoon-print sweatshirts and a pair of white sneakers -- all he has from before he was left at Japan's only "baby hatch".

Paris Olympics face tough hurdles with two years to go

As he left the Tokyo Olympics last August, Tony Estanguet, head of the Paris 2024 organising committee, told AFP he was "prepared to run a marathon at 100-metre speed."

Tunisia to vote on constitution seen as threat to democracy

Tunisians will vote Monday on a constitution that would give President Kais Saied almost unchecked powers, a key moment in his plan to overhaul the political system in the birthplace of the Arab Spring.

US airlines post profits, but struggle to boost capacity

Strong travel demand has enabled the biggest US airlines to return to profitability, but efforts to restore capacity back to pre-pandemic levels face manpower and cost challenges.

Boeing outmanoeuvres Airbus at first Farnborough since Covid

US planemaker Boeing triumphed this week as it scooped up more orders than its European rival Airbus at the first Farnborough Airshow since aviation was ravaged by Covid.

Uruguay says pursuing China trade deal with or without Mercosur partners

Uruguay insisted on Thursday that it would pursue a free trade deal with China with or without its partners in the South American Mercosur trade bloc.

Euro gets boost ECB supersizes rate hike, US stocks rise again

The euro advanced against the dollar on Thursday after Russia resumed gas supplies to Europe and the European Central Bank surprised markets with a 0.5-percentage-point rate hike.

Fresh negotiations to end Panama living cost protest

The Panamanian government and protesters were set for a fresh round of negotiations Thursday to end more than two weeks of living cost protests that have interrupted food supplies and harmed the economy.

Facebook tweaks app with eye on rival TikTok

Facebook has split the news feed in two on its app, a signficant change that mimics the experience on its fiercest competitor, hugely-popular TikTok.

UN chief due in Turkey for Ukraine grain talks

UN Secretary General Antonio Guterres was due to arrive in Turkey on Thursday to help Russia and Ukraine agree on an elusive deal to allow grain to start flowing across the Black Sea.

Italian becomes first European woman on spacewalk outside ISS

Italian Samantha Cristoforetti became the first European woman astronaut to embark on a spacewalk outside the International Space Station on Thursday, NASA footage showed.

ECB surprises with aggressive rate hike, first since 2011

The European Central Bank on Thursday brought an end to the era of negative interest rates in the eurozone, with a bigger than expected half-point hike as inflation soars and an energy crisis looms.

American Airlines reports profits despite jet fuel cost drag

American Airlines reported a profitable second quarter Thursday as the ebbing of the Covid-19 pandemic resulted in record revenues despite the hit from higher fuel costs.

$Mario Draghi: Eurozone saviour felled by Italy's fractious parties$

Mario Draghi: Eurozone saviour felled by Italy's fractious parties

Mario Draghi, credited with helping save the eurozone as head of the European Central Bank, presided over a remarkable period of unity as Italy's premier before falling foul of its notoriously unstable political system.

Italian political turmoil looms over key ECB meeting

The European Central Bank is set to raise its interest rates for the first time in over a decade on Thursday as the collapse of the Italian government added a new dimension to the challenge facing policymakers.

Outdoor workers seek protection as heatwave scorches Europe

The death of a Madrid street sweeper from heatstroke during the heatwave gripping Europe shows the dangers outdoor workers face from extreme temperatures.

Canada Indigenous university helps students reconnect to their language

Signage in Cree that was once forbidden, artwork on the walls, and a teepee on the lawn: in this former state boarding school in Canada, associated for decades with abuse, Indigenous students are reclaiming their language and traditions.

Pope in Canada: why his apology for school abuse will be significant

Indigenous Canadians have been waiting and hoping for years for an apology from the pope for abuses at state schools run by churches in the last century, where some 150,000 Indigenous children were forcibly enrolled.

Sri Lanka's president-elect set to be sworn in

Sri Lanka's six-time prime minister Ranil Wickremesinghe was set to be sworn in as president Thursday, with officials saying he would set up an all-party unity cabinet to confront the country's economic crisis.

ECB faces dilemma as it prepares historic hike

The European Central Bank is set to raise its interest rates for the first time in over a decade on Thursday as fears of a gas supply cut cloud the outlook for the eurozone economy.

Bank of Japan sticks to easing, raises inflation forecast

The Bank of Japan dug its heels in on its easy-money policies Thursday while raising its inflation forecast, even as other countries hike interest rates to tackle soaring prices.

Asian markets fail to extend rally, focus turns to Europe

Asian investors on Thursday struggled to maintain momentum from the previous day's equity rally and keep up with another Wall Street advance as growth fears continue to haunt trading floors and sap risk sentiment.

New AI tool that turns words into art enters testing phase

A million people eager to dabble with a new artificial intelligence tool that lets them create images simply by describing them with words will soon get their wish, its creators said Wednesday.

Europe on tenterhooks over return of Russian gas to Germany

Europe anxiously awaits the return of Russian gas supplies on Thursday at the end of scheduled work on a crucial pipeline, as heavily dependent Germany accuses the Kremlin of using energy as a "weapon".

End of the line: Fed-up Sri Lankans rush for passports

One of the longest queues in the Sri Lankan capital Colombo is for the exit, as thousands of people line up outside the immigration office seeking passports to escape the country's economic crisis.

The Fort Worth Press - Economy (English)