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Canadian fund drops bid for Spanish pharma firm Grifols

Canadian investment fund Brookfield said Wednesday it has dropped its bid for Spanish pharmaceutical firm Grifols following disagreement over its valuation.

Mexico says Trump tariffs would cost 400,000 US jobs

Mexico said Wednesday the United States will be shooting itself in the foot if President-elect Donald Trump implements his threats to impose 25-percent tariffs on Mexican imports.

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Outrage and sorrow at death of Ugandan athlete Cheptegei

Outrage and sorrow greeted the death on Thursday of Ugandan Olympian Rebecca Cheptegei, who succumbed to severe burns after being doused with petrol and set on fire by her boyfriend.

Stocks diverge as US data keeps traders wary

Stock markets struggled for direction and the dollar fell Thursday on the eve of key US jobs data that could shed light on the size of potential Federal Reserve interest-rate cuts and health of the world's biggest economy.

'Business is business' at bustling China-Africa summit

Hundreds of African political and business leaders filed into China's Great Hall of the People on Thursday eager to forge new partnerships, sign contracts and make industry connections.

Markets mixed after sell-off as US data keeps traders wary

Asian and European markets were mixed Thursday after the turmoil of the previous day as traders assess the outlook for US interest rate cuts and another set of below-par data put extra focus on the upcoming jobs report.

Ugandan athlete Cheptegei dies after fire attack by boyfriend

Ugandan Olympian Rebecca Cheptegei died in Kenya on Thursday, four days after being set on fire by her boyfriend in an attack in her home.

New French nuclear reactor enters automatic shutdown

France's newest nuclear reactor, plagued by massive delays and cost overruns, shut itself down automatically Wednesday just a day after starting up for the first time.

Ugandan athlete Cheptegei dies after being set on fire by boyfriend

Ugandan Olympic athlete Rebecca Cheptegei has died after being set on fire by her boyfriend in Kenya, Uganda's Olympic Committee chief said on Thursday.

Indians demand justice in candlelight march for murdered doctor

Vast crowds of Indians bearing candles marched through the streets of Kolkata early Thursday, demanding justice nearly one month on since the rape and murder of a doctor.

Greek economy on rebound but many still struggling

Greek barista Kyriakos Giannichronis has seen the headlines about his country's newly booming economy after years of recession -- but he does not feel the wealth.

China's Xi promises $50 billion for Africa over next three years

Chinese leader Xi Jinping on Thursday pledged over $50 billion in financing for Africa over the next three years, promising to deepen cooperation in infrastructure and trade with the continent as he addressed Beijing's biggest summit since the pandemic.

Asian markets rebound from sell-off but US data keps traders wary

Asian markets bounced Thursday after the turmoil of the previous day as traders assess the outlook for US interest rate cuts after another set of below-par data put extra focus on the upcoming jobs report.

Oil drilling sparks Indigenous outcry as spills tarnish Ecuador Amazon

A thick slick of oil covers part of an estuary in the Ecuadoran Amazon, where the Indigenous Waorani people are imploring authorities to stop drilling for the black gold that keeps spilling into their environment.

Meta oversight board clears use of 'From the River to the Sea'

Meta's Oversight Board ruled on Wednesday that the standalone use of the phrase "From the River to the Sea," a slogan popular with pro-Palestinian users, does not violate the company's content policies.

First mpox vaccines due in DR Congo on Thursday

The first delivery of almost 100,000 doses of mpox vaccines will arrive in the Democratic Republic of Congo on Thursday, the African Union's health watchdog said.

Spanish PM picks minister as central bank chief, sparking row

Spanish Prime Minister Pedro Sanchez on Wednesday appointed his minister for digital affairs Jose Luis Escriva as the Bank of Spain's new governor, raising concerns about the central bank's independence.

First mpox vaccines due in DR Congo Thursday

The first delivery of almost 100,000 doses of mpox vaccines will arrive in the Democratic Republic of Congo on Thursday, the African Union's health watchdog said.

US Steel warns plants could close without Nippon sale

United States Steel warned Wednesday it could shut its headquarters and factories in Pennsylvania, a key swing state in the upcoming election, if a takeover by Japan's Nippon Steel is blocked.

Fuel scarcities, price hike deepen Nigerian frustrations

After sleeping overnight in a line of cars waiting for fuel, Nigerian taxi driver Oluwashina Ilesanmi had to calculate how much a sudden petrol price increase cut into his earnings.

Tech stocks tumble on new Nvidia weakness

Tech firms led equity markets lower Wednesday as chip titan Nvidia lost further ground while disappointing data on US trade also hit sentiment.

US trade deficit widest in two years on imports surge

The US trade deficit in July expanded to its largest since mid-2022, according to government data released Wednesday, as imports rose more quickly than exports.

Greenland court extends detention of anti-whaling activist Watson

A Greenland court decided Wednesday to hold US-Canadian anti-whaling activist Paul Watson an additional 28 days pending a decision on his extradition to Japan, an anti-whaling group said.

Grenfell inferno 'culmination of decades of failure': UK inquiry

The UK's Grenfell Tower fire disaster that killed 72 people was the result of "decades of failure" by government and construction industry bodies and the "systematic dishonesty" of building material firms, a damning final report said on Wednesday.

German car sales plunge in August as EV slump worsens

Sales of new cars plummeted in Germany in August, official data showed Wednesday, dragged down by a record fall in demand for electric vehicles in Europe's biggest auto market.

'Digital pause': France pilots school mobile phone ban

Tens of thousands of pupils in France are going through a slightly different return to school this autumn, deprived of their mobile phones.

Markets plunge with Wall Street after Nvidia rout, weak US data

Tech firms led a plunge across equity markets Wednesday after a rout on Wall Street fuelled by a collapse in chip titan Nvidia and disappointing data on US factory activity that revived recession fears.

Asian markets plunge with Wall St after Nvidia rout, weak US data

Tech firms led a plunge across Asian markets Wednesday after a rout on Wall Street fuelled by a collapse in chip titan Nvidia and disappointing data on US factory activity that revived recession fears.

Coal generates less than 50% of Australian electricity for first time

Coal generated less than 50 percent of Australia's electricity in the last week of August, dropping to a record low as renewable production surged, data showed Wednesday.

Macho MAGA? Trump locks in America's hyper-masculine vote

He lauds strongmen autocrats, hangs with martial arts stars, and has no greater compliment than calling someone a "fighter." Donald Trump is going all out for the macho vote in November's election -- and it's working.

Final inquiry report due into deadly UK tower block inferno

The inquiry into the Grenfell Tower disaster that killed 72 people in Britain's worst residential fire since World War II will on Wednesday publish its long-awaited final report.

Under US pressure, Mexico probes loggerhead sea turtle deaths

Scientists in Mexico are investigating the deaths of hundreds of loggerhead sea turtles in recent years, a species considered at risk of extinction in the wild, according to officials.

Twelve migrants die trying to cross Channel to UK

At least 12 migrants died off the northern French coast on Tuesday trying to cross the Channel to England in the deadliest such disaster this year, the French government said, as a major rescue operation was underway.

Oil prices, stocks retreat as China weighs on sentiment

Oil prices slumped more than three percent and stock markets retreated Tuesday as China's struggling economy weighed on sentiment.

The Fort Worth Press - Economy (English)