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Xi, Biden at Asia-Pacific summit under Trump trade war cloud

US President Joe Biden joined Asia-Pacific leaders for a summit on economic cooperation Friday in Lima, where he is set to meet Chinese counterpart Xi Jinping under a cloud of uncertainty cast by Donald Trump's election victory.

Boeing strike will hurt Ethiopian Airlines growth: CEO

Africa's biggest carrier, Ethiopian Airlines, is feeling the effects of a bitter seven-week strike at plane maker Boeing, its chief executive told AFP on Friday, warning that consequences could stretch into the longterm.

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Spain eyes vibrant summer after 'dazzling' visitor surge

Spain said Wednesday it was hoping to reach its record visitor numbers of 2019 after two years of pandemic restrictions, although soaring inflation figures suggest tough times will return after the season ends.

Indigenous Australian activists fight for ancient rock art

Two Indigenous Australian activists are fighting to save 40,000-year-old sacred rock art in Western Australia from pollution and plans for a major gas project.

Long winter: South Africans struggle with rolling blackouts

Unable to switch on lights or heaters, cook dinner or charge their phones, South Africans are spending their mid-winter evenings plunged in darkness and low-tech living.

OPEC head Barkindo dies at 63 in 'shock' to oil cartel

OPEC's secretary general, Nigeria's Mohammad Barkindo, has died at the age of 63, leaving the oil cartel in "shock" on Wednesday at a tumultuous time for the markets.

Amazon, Just Eat deal to offer free Grubhub delivery in US

Amazon Prime customers in the United States will be able to receive a year of free restaurant delivery through Grubhub+ under a deal announced Wednesday by Just Eat Takeaway.com.

Tunisia's 'Roger Federer': How Ons Jabeur became a tennis star

Fifteen years ago, Ons Jabeur's young tennis sparring partner could see the Tunisian was destined for glory -- even if he suffered a broken arm in the process.

Fuel prices soar in Ethiopia as subsidies cut

Fuel prices soared in Ethiopia on Wednesday after the government reduced subsidies, adding to economic hardship for people already struggling with high inflation.

European stocks rebound, euro extends dollar slump

European stock markets rebounded on Wednesday, recovering some ground following sharp losses the previous session on fears of a global recession.

OPEC secretary general Barkindo dies unexpectedly at 63

OPEC Secretary General, Nigeria's Mohammad Barkindo, has died unexpectedly at the age of 63, it was announced on Wednesday, leaving the oil cartel without a head at a tumultuous time for the markets.

Oil rises after sell-off but euro stuck at 20-year low, equities drop

Oil prices rose Wednesday after suffering a painful drop the previous day, though the euro remained wedged at a 20-year low and equities mostly fell in Asia as recession fears continue to flow through trading floors.

'Like a dream': Japanese grandpa draws in following as art YouTuber

Harumichi Shibasaki was nearly 70 when he began making YouTube art tutorials from his quiet home in the Japanese countryside. Five years on, he has 1.4 million subscribers.

Norway government intervenes, ending oil and gas strike

Norway's government said Tuesday it was referring a dispute between oil and gas workers and employers to an independent board, after an industry group warned strikes could cut Norway's gas exports by more than half.

Gorgosaurus tipped to fetch $8 mn at New York auction

A skeleton of a Gorgosaurus dinosaur is going up for auction for the first time and is expected to fetch between $5 million and $8 million, Sotheby's said Tuesday.

Fierce shelling in eastern Ukraine as NATO heralds its 'historic' expansion

Fighting raged on Tuesday in and around Ukraine's eastern Donbas region as Russian troops tried to maintain a series of battlefield gains, while NATO pressed ahead with Finland and Sweden's momentous membership bids.

US court rules distributors not responsible for opioid crisis

The three largest drug distributors in the United States have won a major court victory, with a judge ruling that they were not responsible for record opioid addiction in one part of West Virginia state.

Markets slump as recession fears grip investors

Stock markets sank and oil prices plummeted Tuesday as fears mounted that major economies will slide into recession as inflation soars, with the euro slumping towards parity with the dollar.

Ford's US car sales rise despite semiconductor crunch

Ford reported higher US auto sales Tuesday, bucking an industry-wide trend of declines in the latest quarter amid crimped supply of semiconductor and other key parts.

Fighting rages in eastern Ukraine as NATO pushes expansion

Fighting raged Tuesday in and around Ukraine's eastern Donbas region as Russian troops tried to build on recent battlefield gains, while NATO pressed ahead with Finland and Sweden's historic membership bids.

Euro slumps as recession risk stalks eurozone

The euro on Tuesday slumped to its lowest level since 2002 and European stock markets sank as growing recession risks sent shockwaves around the region.

Struggling SAS files for Chapter 11 bankruptcy proceedings in US

Faced with financial difficulties and a massive pilot strike, Scandinavian airline SAS said Tuesday it has filed for so-called Chapter 11 bankruptcy proceedings in the United States, as a part of restructuring plan.

Hacker claims major Chinese citizens' data theft

A hacker claiming to have stolen personal data from hundreds of millions of Chinese citizens is now selling the information online.

Israel PM visits France with Lebanon gas row topping agenda

Israeli Prime Minister Yair Lapid departed on his first foreign trip in office Tuesday to France, where he will ask for backing on a gas dispute with Lebanon that days ago saw Israel shoot down three Hezbollah drones.

Markets mostly up on talk Biden to roll back some China tariffs

Most markets rose Tuesday on growing speculation US President Joe Biden is about to roll back some of the Trump-era tariffs on Chinese goods as he looks for ways to rein in inflation, though sentiment remains at a premium owing to fears of a recession.

I.Coast eyes cassava for its bread as wheat prices surge

As wheat prices are driven upwards by the war in Ukraine, bakers in the West African state of Ivory Coast are starting to use locally produced cassava flour to bake bread.

China mulls dipping into pork reserves to rein in costs

Chinese authorities could dip into strategic pork reserves in a bid to rein in prices of the staple meat, Beijing's top economic planner said Tuesday.

Qatar's 'majlis' gamers target eSports big leagues

World Cup host Qatar doesn't just have its sights set on football -- it also hopes to harness its people's gaming skills as it launches into the burgeoning eSports sector.

US, China discuss 'severe' economic challenges, supply chains

Top officials from the United States and China held a "candid" video call on Tuesday to discuss global economic challenges, especially regarding supply chains.

Asian markets rise on talk Biden to roll back some China tariffs

Asian markets rose Tuesday on growing speculation US President Joe Biden is about to roll back some of the Trump-era tariffs on Chinese goods as he looks for ways to rein in inflation, though sentiment remains at a premium owing to fears of a recession.

'Guerrilla' sales, crowdsourcing: Japan's game console crunch

It's still dark when the line starts forming outside an electronics store in Tokyo, as desperate gamers try to snag the latest PlayStation or Xbox despite chronic shortages in Japan.

Indigenous protests cost Ecuador $1 bn, central bank says

Eighteen days of protests over the cost of living by Indigenous Ecuadorans who blocked roads and oil wells cost the country at least $1 billion, the central bank said Monday as the movement's leader went on trial.

UK drivers in go-slow protest over surging fuel prices

Protesters snarled up major UK roads on Monday with a slow-moving procession of vehicles to demand government action against rocketing fuel prices.

Central African Republic dives into crypto with the Sango

Undeterred by the turmoil hitting crypto, the Central African Republic (CAR) -- one of the poorest and most troubled countries in the world -- has unveiled plans to launch its own digital currency.

European equities recover as optimism creeps back in

Europe's stocks recovered somewhat Monday as investors tentatively regained some optimism following the heavy losses in the financial markets last week on fears that rising interest rates could spark recession.

Russia holds key Ukraine city in setback for Kyiv

Russian troops were on Monday holding the strategic Ukrainian city of Lysychansk after Kyiv's forces retreated, in a major boost for Russia's campaign to seize the entire Donbas region of eastern Ukraine.

Stocks fluctuate as traders fret over recession

Markets swung Monday as traders fret over a possible recession caused by central bank interest rate hikes aimed at fighting soaring inflation.

Funding and politics hit N.Ireland abortion services

Campaigners in Northern Ireland are closely watching US moves to restrict abortion, particularly concerns that women will now have to travel across states for terminations.

Chinese developer Shimao misses $1 bn bond payment

Chinese developer Shimao Group said it has failed to make payment on a $1 billion bond that matured Sunday, one of the biggest such defaults so far this year in the country's troubled property sector.

Bezos slams Biden appeal for lower gasoline prices

Amazon founder Jeff Bezos has criticized President Joe Biden for calling on oil companies to lower sky-high gasoline prices, prompting the White House to come to the US leader's defense on Sunday.

US officials urge calm after releasing video of police killing Black man

Authorities in the US state of Ohio appealed for calm Sunday after releasing body camera footage that showed police fatally shooting a Black man with several dozen rounds.

The Fort Worth Press - Economy (English)