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Volkswagen to sell operations in China's Xinjiang

German car giant Volkswagen said Wednesday it would sell its operations in China's Xinjiang region, where Beijing has been accused of widespread human rights abuses including forced labour.

EasyJet annual profit rises 40% on package holidays

British no-frills airline EasyJet on Wednesday reported a 40-percent rise in annual net profit on strong demand for its package holidays.

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Property website Rightmove rejects £5.6 bn Murdoch bid

UK online property website Rightmove said Wednesday it had rejected a multi-billion-pound takeover offer from Australian peer REA Group, majority owned by Rupert Murdoch's News Corp empire.

Markets drop on economy worries, yen rallies after US debate

Equities slipped Wednesday as worries about the world's top two economies offset US rate cut optimism, while the yen hit a nine-month high after a Bank of Japan official hinted at more monetary tightening.

Harris, Trump cross swords on China and economy in debate

US presidential hopefuls Kamala Harris and Donald Trump clashed on China and economic issues Tuesday, with the Democratic candidate saying he "sold us out" on China while the former president declared "they've destroyed the economy."

Asian markets drop on economy worries, yen rallies

Equities slipped Wednesday following a mixed day on Wall Street, as worries about the world's top two economies offset optimism that the Federal Reserve will start cutting interest rates next week.

Power struggle: Serbia eyes nuclear energy to fuel future

Time stands still at Serbia's Vinca nuclear facility, where the decommissioned Yugoslav-era reactor is a testament to the fears generated by the controversial energy source.

Tea trouble brews for Sri Lankan presidential hopefuls

The backbone of the economy, Sri Lanka's tea pickers are determined to use their powerful vote to choose a president this month who will change grim working conditions for good.

Weight loss drug safe, effective for under-12 kids: study

A weight loss drug has been found to be broadly safe and effective for children under 12 with obesity, according to a small study on Wednesday that was cautiously welcomed by outside experts.

Who is on SpaceX's historic private spacewalk mission?

Four US civilians are set to attempt the first-ever private spacewalk on Thursday -- a risky endeavor usually reserved for trained astronauts from government agencies.

Crisis-hit Volkswagen scraps German job protection deal

Volkswagen on Tuesday axed an agreement protecting jobs in Germany that had been in place three decades, as the ailing auto titan pushes ahead with a controversial cost-cutting plan.

EU scores 'big win' in court against Apple and Google

The EU's top court on Tuesday delivered two major victories in the bloc's battle to rein in tech giants by ruling against Apple and Google in separate legal sagas with billions of euros at stake.

UK's Starmer faces down parliament over 'unpopular' benefit cut

UK Prime Minister Keir Starmer survived an early test of his fledgling premiership on Tuesday when lawmakers backed his controversial plan to end fuel benefits for millions of pensioners.

US Fed vice chair tones down proposals for fresh banking regulations

A senior US Federal Reserve official proposed Tuesday a number of "broad and material" changes to new banking rules, toning down plans to tighten regulation and supervision.

BMW recalls 1.5 mn cars over bad brake, cuts outlook

BMW said Tuesday it was recalling about 1.5 million vehicles due to problems with their brakes and cut its outlook for the year, sending the German luxury carmaker's shares tumbling.

Europe's fight with big tech over tax, data and disinformation

The European Union scored two major legal victories on Tuesday in separate cases that left Apple and Google owing billions of euros.

Islamic scholar Tariq Ramadan convicted of rape on appeal in Switzerland

Islamic scholar Tariq Ramadan, who faces a string of allegations in Switzerland and France, was found guilty of rape by a Swiss appeals court Tuesday, overturning an earlier lower court acquittal.

Stock markets, dollar diverge on rates watch

European and Asian stock markets diverged along with the dollar Tuesday after a rally on Wall Street as traders assessed the outlook for interest rates in the United States and Europe.

Djibouti says offering port-sharing deal to Ethiopia

Djibouti said it has offered a port-sharing deal with Addis Ababa, a move aimed at easing tensions between Horn of Africa rivals Ethiopia and Somalia.

China's Huawei unveils triple-folding phone with hefty price tag

Chinese tech giant Huawei on Tuesday unveiled the world's first triple-folding phone at more than three times the price of the newest iPhone, hours after its US competitor lifted the curtain on its own new handset built for AI.

EU scores top court wins against Apple, Google

A top EU court on Tuesday delivered two major victories for Brussels by ruling against Apple and Google in separate legal sagas with billions of euros at play.

Islamic scholar Tariq Ramadan convicted of rape on appeal in Switzerland: court

A Swiss appeals court on Tuesday found Islamic scholar Tariq Ramadan guilty of raping a woman in a Geneva hotel 15 years ago, overturning an earlier lower court acquittal.

China's Huawei unveils triple-folding phone

Chinese tech giant Huawei on Tuesday unveiled its new smartphone, billed as the world's first trifold phone, hours after US competitor Apple lifted the curtain on its new iPhone built for AI.

D-Day for Apple, Google as EU court to rule on major cases

A top EU court will rule on Tuesday in a 13-billion-euro tax case involving Apple and Ireland, and could also deliver a victory for Brussels by upholding a multi-billion-euro fine against Google, in two eagerly awaited decisions.

Asian markets battle to match Wall Street rally ahead of US inflation

Asian markets mostly rose Tuesday after a rally on Wall Street as traders try to assess the outlook for US interest rates following last week's disappointing jobs report, with focus on the release of key inflation data.

Australia plans age limit to ban children from social media

Australia will ban children from using social media with a minimum age limit as high as 16, the prime minister said Tuesday, vowing to get kids off their devices and "onto the footy fields".

How a taxi driver in El Salvador boosted his earnings with Bitcoin

Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador.

Air Canada readies shutdown as pilot union talks appear deadlocked

Air Canada is preparing to suspend most of its flights starting next Sunday as it faces a likely impasse in talks with its pilots over wage demands, the company said.

Battery maker Northvolt to cut jobs, slash operations

Beleaguered Swedish electric car battery maker Northvolt said Monday it would cut its workforce as it scales back operations to focus on its main gigafactory in Sweden.

Man Utd partner with local authorities over Old Trafford plan

Manchester United have agreed a partnership with local authorities to investigate how plans to rebuild or replace Old Trafford would impact the area around the club's iconic stadium.

EU says has 'credible information' Iran sent missiles to Russia

The European Union said Monday its allies had shared "credible" intelligence Iran had supplied Russia with ballistic missiles, a claim rejected by Tehran but not explicitly denied by the Kremlin.

European stocks, dollar recover from US jobs disappointment

European stock markets and the dollar recovered Monday after big pre-weekend falls caused by concerns about the health of the US economy, but Asian equities declined further.

Princess Kate's wedding dress designer takes over at Givenchy

British fashion designer Sarah Burton, who famously created Princess Catherine's wedding dress, is the new creative director of Givenchy, the luxury French house said Monday.

Spain's PM meets Xi, pushes 'fair trade order' on China trip

Spanish Prime Minister Pedro Sanchez called Monday for a "fair trade order" during a visit to China where he met leader Xi Jinping and aimed to boost ties despite a tariff standoff between Beijing and the European Union.

The Fort Worth Press - Economy (English)