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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.

US retail sales lose steam in October after hurricanes

Retail sales in the United States slowed in October, according to government data released Friday, with analysts noting that devastating hurricanes in recent months likely disrupted consumption.

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Tesla finally gets green light to start production in Germany

After getting snarled up in German red tape, US electric car pioneer Tesla got the final go-ahead from authorities Friday, paving the way for production to begin shortly at its "gigafactory" outside Berlin.

Brazil exits recession, but faces tough year

Brazil exited recession in the fourth quarter, the government said Friday, though weak growth and high inflation still dog Latin America's biggest economy as President Jair Bolsonaro gears up to seek re-election in October.

US adds 678,000 jobs in February amid pandemic recovery

The US economy saw a hiring surge in February, the government reported Friday, edging the jobless rate closer to the pre-pandemic level as hard hit sectors recover from the impact of Covid-19.

Microsoft 'suspends' new sales of products, services in Russia

Microsoft is halting new sales of its products and services in Russia, the tech giant announced Friday, in the latest fallout over Moscow's invasion of Ukraine.

Ukraine: a nuclear-powered nation under fire

The Russian shelling of Zaporizhzhia nuclear power plant in Ukraine -- the largest in Europe -- has sparked international outrage and fears over the country's 15 operational reactors.

Outrage as Russians attack Ukrainian nuclear plant

Ukraine accused the Kremlin of "nuclear terror" and the West expressed horror on Friday after Europe's largest atomic power plant was attacked and taken over by invading Russian forces.

More than 1.2 million refugees flee Ukraine

More than 1.2 million people have fled Ukraine into neighbouring countries since Russia launched its full-scale invasion on February 24, United Nations figures showed Friday.

As Ukraine pushes oil over $100, Nigerians see mixed blessings

Weaving in between the Lagos traffic, hawkers selling plantain snacks and water more recently offer drivers another treat: jerry cans filled with petrol to help with fuel shortages.

Polluting drivers may have to pay in all of London

A road-charging scheme targeting more polluting cars in London could be expanded to cover the entire metropolitan area of the British capital, the city's mayor said Friday.

Beijing wary of extending economic lifeline to Russia

An isolated Russia could be driven further into China's arms economically in the wake of sanctions imposed over the invasion of Ukraine, but Beijing appears wary of offering a warm embrace.

Sony and Honda plan joint electric vehicle firm

Sony is teaming up with automaker Honda to start a new company that will develop and sell electric vehicles, as the Japanese tech and electronics giant leaps into the rapidly growing sector.

Sony and Honda plan electric vehicle joint firm

Sony is teaming up with automaker Honda to start a new company that will develop and sell electric vehicles, the electronics giant said Friday, its latest step into the rapidly growing sector.

Sri Lanka hikes rates as economy risks collapse

Sri Lanka's central bank hiked interest rates by one percentage point on Friday and urged the government to increase taxes as the country skirts economic collapse.

Stromae is back and ready for world domination

Stromae's mix of dancey beats, quirky style and hard-edged rap lyrics took him to the top of the charts in more than a dozen countries in the mid-2010s.

Tesla awaits green light to start production at German plant

After a series of administrative delays, US electric car pioneer Tesla is on the verge of receiving the go-ahead from German authorities on Friday to begin production at its "giga-factory" outside Berlin.

Russians pack trains into Finland as sanctions bite

It's one of the few remaining routes from Russia to the EU: trains to Finland are packed with Russians fearful that now is their last chance to escape the impact of Western sanctions.

Russian forces attack Ukrainian nuclear plant, blaze extinguished

Russian troops attacked Europe's largest nuclear power plant on Friday, setting part of the Ukrainian facility ablaze in an assault the country's leader branded "nuclear terror" and said could endanger the continent.

Melinda French Gates criticizes ex-husband Bill for Epstein meetings

Melinda French Gates on Thursday criticized her ex-husband Bill Gates for having met multiple times with Jeffrey Epstein, the financier accused of child sex crimes who committed suicide in 2019 while awaiting trial.

Fire at Ukrainian nuclear plant after Russian forces attack

Russian troops attacked Europe's largest nuclear plant on Friday, starting a fire at the Ukrainian facility, with the country's leader accusing Moscow of "nuclear terror".

Step aside football: gaming new rage in Brazil favelas

Ask Brazilian teen Yan Araujo who his idols are, and he doesn't hesitate. Not Neymar. Not Vinicius Junior. "Nobru and Cerol," he says -- superstars of the booming gamer scene in Brazil's favelas.

Sacklers agree to new $6bn Purdue US settlement over opioids

The Sackler family will pay up to $6 billion to address damage linked to the US opioid crisis under an amended Purdue Pharma bankruptcy plan following an agreement with holdout states, according to a court filing Thursday.

Sanctions on Russia add to troubles facing global helium industry

Helium is the second most-abundant element in the known universe, but to the semiconductor fabricators and doctors who rely on it for their businesses, it is better known as the latest raw material to grow scarce -- and the war in Ukraine could make the shortage worse.

Argentina, IMF agree on loan repayment plan

Argentina and the IMF said Thursday they had reached agreement on a "pragmatic and realistic" plan for the country to repay a ruinous $44-billion debt.

'Too early' to gauge Ukraine war's impact on US Fed plans: Powell

US Federal Reserve Chair Jerome Powell on Thursday told Congress it's "too early to say" whether Russia's invasion of Ukraine will change the bank's plan to hike interest rates throughout 2022 to fight runaway inflation.

Lviv's Art Palace turns Aid HQ for Ukrainians under the bombs

Lviv's imposing Art Palace buzzes from dawn to curfew with volunteers sorting through donations from Europe that are flooding into this west Ukrainian city.

Satellite operator OneWeb suspends Baikonur launches

Global satellite communications company OneWeb announced on Thursday that its board had voted to suspend all launches from Russia's Baikonur Cosmodrome in Kazakhstan.

Is 5G truly green, or will it burn up more resources?

The tech industry has long tried to align with the green movement, though its leaders are often accused of spouting nebulous slogans and making hard-to-test pledges.

Ukraine pounded and exodus mounts as Russia seizes key city

Russian troops seized Kherson, the first major Ukrainian city to fall in a war that has drawn global outrage and driven one million civilians from their homes, ahead of ceasefire talks Thursday.

Equities rise as Powell soothes rate fears, oil close to $120

Stocks rose Thursday after Federal Reserve chief Jerome Powell said the bank would hike interest rates gradually to fight inflation, though oil marched towards $120 as the Ukraine conflict continues to roil energy markets.

IMF urges Sri Lanka to raise taxes, devalue currency

The International Monetary Fund warned crisis-hit Sri Lanka on Thursday that its foreign debt was "unsustainable", and called for devaluation and higher taxes to revive the almost bankrupt economy.

Turkey inflation woes pit tenants against landlords

Kicked out in the middle of a harsh Turkish winter, 30-year-old Erdem Yilmaz calculated that he spent two and a half months' salary to urgently relocate to a new home in Istanbul.

Texas court temporarily halts investigation of transgender minor

A court in Texas ordered the suspension Wednesday of a probe into the parents of a transgender 16-year-old girl under a legal opinion that deemed transitioning procedures as tantamount to child abuse.

Key moments in the saga of former Nissan boss Carlos Ghosn

From his shock detention to an audacious escape from Japan hidden in an audio-equipment box, the rollercoaster saga of former Nissan boss Carlos Ghosn has grabbed headlines worldwide.

Equities rise as Powell soothes rate fears, oil presses higher

Asian stocks rose Thursday after Federal Reserve chief Jerome Powell said the bank would hike interest rates gradually to fight inflation, though oil marched higher as the Ukraine conflict continues to roil energy markets.

Six-month suspended sentence for Ghosn aide Kelly in Nissan trial

Former Nissan executive Greg Kelly was handed a six-month suspended sentence on Thursday by a Tokyo court over allegations he helped disgraced auto tycoon Carlos Ghosn attempt to conceal income.

Protesters urge closure of Panama Canal to Russian ships

A small group of protesters urged the Panamanian government Wednesday to close the Panama Canal to Russian ships as punishment for the invasion of Ukraine.

Stocks rise despite jump in oil, metals prices

US and European equity markets rallied Wednesday despite another jump in the price of oil and other commodities, taking solace from Federal Reserve comments suggesting a patient approach to hiking interest rates.

Fitbit recalls 1.7 mn smartwatches due to burn risk

Fitbit on Wednesday recalled 1.7 million of its Ionic smartwatches used for tracking steps and other activity due to the risk of batteries overheating and burning wearers.

Army of cyber hackers rise up to back Ukraine

An army of volunteer hackers is rising up in cyberspace to defend Ukraine, though internet specialists are calling on geeks and other "hacktivists" to stay out of a potentially very dangerous computer war.

The Fort Worth Press - Economy (English)