The Fort Worth Press

Sri Lanka leader flees as protesters storm home

Sri Lanka's President Gotabaya Rajapaksa fled his official residence on Saturday shortly before protesters, angered by an unprecedented economic crisis, stormed and overran the compound.

Elon Musk: smasher of elites or self-serving pragmatist?

He has scorned organized labor, mocked political correctness and espoused small government -- so conservatives may be disappointed that he wants to pull out of his deal to buy Twitter.

Elon Musk pulls out of Twitter purchase

Elon Musk pulled the plug on his $44 billion deal to buy Twitter on Friday, accusing the company of "misleading" statements about the number of fake accounts, a regulatory filing showed.

US shares flat on strong job growth, euro closes in on dollar parity

Global stock markets finished mostly higher Friday, though Wall Street was flat following a surprisingly strong jobs report, while the euro was near parity with the dollar as traders bet on the prospect of a eurozone recession caused by soaring inflation.

Morocco 'detains' employees of French tycoon accused in sex case

Several employees of French insurance tycoon Jacques Bouthier, under arrest in Paris on charges of raping a minor, have been placed in Moroccan custody, a lawyer for the plaintiffs said Friday.

Fed's Brainard says recent upheavel shows need for crypto rules

Recent upheaval in the cryptocurrency markets shows the sector is subject to similar risks as conventional investments, underscoring the need for regulation to protect against the "false allure" of a quick profit, Federal Reserve Vice Chair Lael Brainard said Friday.

Item A on next British PM's agenda: inflation crisis

Prime Minister Boris Johnson's government is in suspended animation, including on economic policy, just as a cost-of-living crisis worsens for millions of Britons.

US sees big job gains in June, fueling inflation worries

The US economy added far more jobs than expected in June and wages rose, adding fuel to worries about accelerating inflation, but giving President Joe Biden a reason to cheer.

US sees big job gains in June, fueling inflation wories

The US economy added far more jobs than expected in June and wages rose, according to government data released Friday which could fuel fears about accelerating inflation.

Angola's ex-president Dos Santos dies in Spain

Jose Eduardo Dos Santos, who ruled Angola for with an iron fist for 38 years, died Friday at a hospital in Barcelona after suffering cardiac arrest, the government said.

Angolan Dos Santos's crumbling family business empire

Critics of Angola's former president Jose Eduardo dos Santos, who died Friday, accused him of stripping the country of much of its vast oil wealth to enrich himself and his family.

Biden moves to protect privacy after abortion ruling

US President Joe Biden, under pressure to take a harder line on defending abortion access, will sign an executive order Friday offering fresh but limited measures to bolster women's reproductive rights.

Euro closes in on dollar parity, yen up after Abe murder

The euro neared parity with the dollar on Friday, as traders bet on the prospect of a eurozone recession caused by soaring inflation.

Asian stocks up as recession fears ease, yen rises after Abe shooting

Asian markets rose Friday on easing recession fears with optimism boosted by hopes that Joe Biden will remove some Trump-era tariffs from Chinese goods.

Argentina turmoil sparks panic buying and price hikes

A political crisis in inflation-ravaged Argentina that was sparked by the economy minister's resignation has spooked markets and generated fears resulting in panic buying and hasty price hikes, as the informal exchange rate soars.

Asian stocks extend global rally as recession fears ease for now

Asian markets rose Friday on easing recession fears, while there were growing hopes that Joe Biden will remove some Trump-era tariffs from Chinese goods.

Australia seeks end to trade rows in China meeting

Australia will press China to end trade "blockages" Friday as the two nations seek to defrost icy relations with their first foreign ministers' meeting since 2019.

After war, Syrians in Jordan find joy and jobs in dance

Singing joyfully to beating drums, Syrian refugees who fled brutal civil war perform traditional "Arada" dances in neighbouring Jordan, honouring their home culture and earning extra income.

Back from the dead, VHS tapes trigger a new collecting frenzy

Long relegated to an obscure corner of the collectibles market, VHS tapes have been fetching eye-popping prices at auctions in recent months, thanks to nostalgia and an appetite for new investment opportunities.

Long hop from Nicaragua to US for frogs and spiders sold as 'pets'

With great care, Yesenia Talavera transfers a tiny frog from a plant, where it was sleeping, to a plastic container with breathing holes, a moist sponge, and some room to jump.

British pound rallies on Johnson resignation, global stocks gain

The British pound rallied Thursday on British Prime Minister Boris Johnson's resignation as leader of the Conservative party, while Wall Street indices advanced for a fourth straight session.

Canada posts largest trade surplus in 14 years

Canada posted in May its largest trade surplus since 2008, riding a surge in oil prices as Western nations imposed energy sanctions on Russia, the government statistical agency said Thursday.

Elizabeth Holmes ex-boyfriend convicted of Theranos fraud

A top aide and ex-boyfriend of fallen Theranos founder Elizabeth Holmes was convicted on Thursday of defrauding investors and patients at the failed blood testing startup.

Russia grinds towards Sloviansk, Putin says bigger offensive may come

Russian forces left a trail of destruction Thursday while seeking to push deeper into the eastern Donbas region, as the Kremlin warned its campaign had not yet started in earnest.

British Airways says Heathrow strike off

A strike by British Airways staff at London Heathrow Airport this summer has been called off after an improved pay offer, trade unions said Thursday.

Volkswagen takes on US, China rivals with battery factory

Volkswagen celebrated Thursday the beginning of work on its first in-house battery factory, as the German auto giant looks to head off competition from US and Chinese electric vehicle upstarts.

Deadly strikes rock east Ukraine as Russia grinds towards Sloviansk

Russian forces left a trail of destruction Thursday as they sought to push deeper into the eastern Donbas region, as Kyiv thanked outgoing British leader Boris Johnson for his support.

Foreigners flock back to Spain bull-running fiesta

As soon as Peter Millington heard that Spain's San Fermin fiesta would be held again this year after a two-year absence due to the pandemic, he started making travel arrangements.

Russia occupies 22% of Ukraine farmland: NASA

Russian forces now occupy about 22 percent of Ukraine's farmland since the February 24 invasion, impacting one of the major suppliers to global grain and edible oils markets, NASA said Thursday.

Piffle: Boris Johnson in his own words

Boris Johnson forged a high-profile career as a journalist before going into politics, rising to become British prime minister, never losing his flair for controversy in print and speech.

Stocks enjoy bounce, sterling and FTSE up as Johnson to resign

Equities rose Thursday following a recent sharp drop, though recession fears continue to cast a shadow over markets with the euro stuck around 20-year lows and crude struggling to bounce back from this week's hefty selling.

Stocks rise but recession fears linger as euro, crude struggle

Equities rose Thursday following a recent sharp drop, though recession fears continue to cast a shadow over markets with the euro stuck around 20-year lows and crude struggling to bounce back from this week's hefty selling.

Euro and crude struggle, stocks rise but recession fears linger

Crude extended the week's losses Thursday, while the euro struggled to recover from 20-year lows, and while stocks bounced from early losses recession fears continued to cast a pall across trading floors.

Sri Lanka hikes interest rates, warns trouble ahead

Cash-strapped Sri Lanka raised interest rates one percentage point Friday, the second sharp hike in three months, as the central bank warned of 80 percent inflation and a painful recession.

Tunisian street vendor serves success despite bureaucracy

Tunisian street vendors often complain of official harassment, but one sandwich maker-turned-social-media-star hopes his struggles against bureaucracy will motivate young entrepreneurs.

'Scary to be queer': Lebanon cracks down on LGBTQ rights

Lebanon's LGBTQ community, long among the most vocal and visible in the Middle East, has been targeted by a crackdown that has seen queer activists harassed and Pride gatherings cancelled.

US women prepare for what comes after abortion ruling

The US Supreme Court ruling that overturned the nationwide right to abortion has spurred a rush to prepare for an America where the procedure is banned in many states.

Samsung Electronics forecasts 11.4% rise in 2Q profits

Samsung Electronics expects operating profits in the second quarter to rise 11.4 percent, the South Korean tech giant said in a statement Thursday, despite ongoing global supply chain woes.

Apple devices getting beefed-up defense against spyware

Apple on Wednesday unveiled a new way for activists, journalists and other targets of state-sponsored espionage to protect themselves from spyware.

The Fort Worth Press - Economy (English)

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