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Primark boss defends practices as budget fashion brand eyes expansion

Ireland-based budget fashion chain Primark has been criticised for its record on workers' rights and the effect of its low-cost, high-volume model on the environment.

Asian markets mixed after subdued pre-holiday shift on Wall St

Asian markets diverged Thursday as investors brushed off a negative lead from Wall Street while welcoming a drop in Treasury yields and data showing US inflation was holding steady.

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Flawed Boeing mission to return to Earth with SpaceX: NASA

Two US astronauts who arrived at the International Space Station aboard Boeing's Starliner will have to return home with rival SpaceX, NASA said Saturday.

Torch begins its journey at English home of Paralympic Games

Four days before the Paris Paralympic Games begin, the Paralympic flame was on Saturday lit next to the English hospital where the idea for the competition was born.

'Bees starving' in disastrous year for French honey

Beekeepers across France say it has been a disastrous year for honey, with bees starving to death and production plummeting by up to 80 percent.

Experts meet as final global plastic treaty talks near

With months until crunch talks on the world's first binding treaty on plastic pollution, experts are meeting in Bangkok to discuss financing options and problematic plastics.

Economists push back on Harris price gouging plan

Kamala Harris's price gouging policy has been criticized by economists and analysts, who say it is an uncompetitive proposal that could end up hurting, and not helping, US consumers.

Chinese cars make inroads in Latin America

Chilean truck driver Claudio Perez was dubious about his first purchase of a Chinese-made family car two years ago. But the price and quick delivery time convinced him, and now he is a convert.

Stocks climb as Powell says rate cut coming

Stock markets jumped on Friday after US Federal Reserve chief Jerome Powell made clear that the central bank was ready to cut interest rates as inflation is cooling.

US Fed chair says 'the time has come' to start cutting rates

Federal Reserve chair Jerome Powell said Friday that the "time has come" for the United States to start cutting interest rates, adding that his "confidence has grown" that the battle against inflation is on track.

UK tycoon's daughter is seventh, final victim of Sicily yacht sinking

Divers searching a sunken superyacht off Sicily recovered the body of the teenage daughter of UK tech tycoon Mike Lynch Friday, the seventh and final victim of a tragedy in which the businessman also perished.

EU approves Moderna's RSV vaccine for over 60s

The European Commission on Friday approved Moderna's respiratory syncytial virus (RSV) vaccine for older adults -- the first time the bloc has authorised an mRNA shot against a disease other than Covid-19.

Stocks mostly rise as Powell speech looms

Asian and European stock markets mostly rose Friday hours before a much-anticipated speech by US Federal Reserve boss Jerome Powell that could shed more light on expected interest-rate cuts.

Nestle shares fall after CEO's surprise departure

Nestle shares fell Friday after the surprise departure of chief executive Mark Schneider, which followed slowing sales growth and bad headlines at the Swiss food group.

Stocks mostly rise ahead of Powell, yen after BoJ rate hint

Asian and European equities rose ahead of a much-anticipated speech by Federal Reserve boss Jerome Powell later Friday, as the dollar weakened amid speculation about how big an expected interest rate cut next month could be.

Alibaba to upgrade Hong Kong listing amid profit drop

Chinese e-commerce giant Alibaba said Friday it would upgrade its Hong Kong-listed shares to primary status, opening it up to China's huge army of investors that could potentially rake in billions of dollars for the firm.

Asian stocks slip with Wall St ahead of Powell, yen rises

Asian investors jockeyed for position ahead of a much-anticipated speech by Federal Reserve boss Jerome Powell later Friday, as the dollar weakened amid speculation about how big an expected interest rate cut next month could be.

US Fed chair expected to signal support for rate cuts

US Federal Reserve chair Jerome Powell is widely expected to use a keynote speech at a major central banking conference on Friday to signal support for cutting interest rates ahead of next month's rate decision.

French prosecutors request trial in Depardieu rape probe

Paris prosecutors called Thursday for film legend Gerard Depardieu to face trial for the alleged rape of a fellow actor, ahead of another case against him set to be heard in October.

Canada government steps in to end crippling freight rail shutdown

Freight rail operations were set to resume across Canada on Thursday following federal intervention to end a crippling disruption triggered by labor disputes at the country's two main operators.

World's second largest diamond found in Botswana

A massive 2,492-carat diamond -- the second largest in the world -- has been discovered in Botswana, the Canadian mining company that found the stone announced Thursday.

Nestle CEO Schneider to step down after eight years at helm

Nestle chief executive Mark Schneider is leaving the Swiss food group after eight years in charge and will be replaced by Latin America boss Laurent Freixe, the company said Thursday.

Canada rail freight shut down threatens to disrupt economy

A labor dispute in Canada threatened to disrupt the North American economy on Thursday after the county's two rail operators shut operations, locking out nearly 10,000 workers.

US existing home sales rise in July, ending downward trend

Sales of previously owned homes in the United States edged up in July, industry data showed on Thursday, breaking a four-month trend of declines.

War cook: Ukrainian soldier-influencer's winning recipe

Standing amid ruins in east Ukraine, Ruslan Mokrytskyi held a combat knife and concentrated on cutting onions without crying. As trivial as it seems on the front line, it is still not easy.

Stock markets buoyed by US rate cut hopes

European and Asian stock markets rose on Thursday on growing optimism that the US Federal Reserve will cut interest rates next month.

Asia tracks Wall St. rally after US jobs data, Fed minutes

Stocks edged up in Asia on Thursday after Wall Street returned to winning ways on the back of softer-than-expected jobs data and minutes showing some Federal Reserve officials were open to an interest rate cut at their meeting last month.

Skiing in a Madrid shopping centre when it's 34C outside

They take off their flip flops and put on ski suits and gloves. Outside this Madrid mall, it's scorching, but at Snozone, customers are happy to ignore the summer heat -- and environmental issues.

Kenyan Paralympian Wawira finds 'courage' in powerlifting

In a claustrophobic dimly-lit room in a Nairobi stadium, the diminutive Kenyan Paralympian Hellen Wawira Kariuki barely breaks a sweat as she powerlifts nearly double her weight, her coach urging her on.

Asia struggles to track Wall St up after US jobs, Fed minutes

Stocks fluctuated in Asia on Thursday after Wall Street returned to winning ways on the back of softer-than-expected jobs data and minutes showing some Federal Reserve officials were open to an interest rate cut at their meeting last month.

South Korean pet care goes high-tech with AI diagnostics

When five-year-old goldendoodle Mozzi started walking "unnaturally", his concerned owner rushed him to the vet in South Korea, where the problem was diagnosed not by humans but by AI.

Microsoft seeks to win over new players at gamer gathering

Microsoft held its biggest video game stand ever at the sector trade show Gamescom in Germany on Wednesday, aiming to win over players after several rocky months of studio closures and rising fees.

Five bodies found, one still missing in UK tycoon shipwreck

Divers searching for six people missing after a superyacht sank off Sicily, including UK tech tycoon Mike Lynch, on Wednesday found five bodies in the wreck, AFP journalists and reports said.

US jobs data point to weaker than expected market

The US jobs market was probably cooler than expected in the year through March, Labor Department data showed Wednesday, signaling weaker but still-positive growth.

The Fort Worth Press - Economy (English)