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French govt ready for budget concessions to avoid financial 'storm'

The French government is ready to offer concessions to parliament to get through its budget, the finance minister said Thursday, in a standoff which is causing market turbulence and risks bringing down the government of Prime Minister Michel Barnier.

Hong Kong airport third runway takes off

Hong Kong started flight operations on its third runway on Thursday, with officials saying it will keep the city's airport competitive as an aviation hub despite its lagging post-pandemic recovery.

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Kenya 'psychopath' serial killer suspect escapes from custody

Kenyan police launched a major manhunt on Tuesday after a man they claim has confessed to murdering and dismembering 42 women escaped from a Nairobi police cell, along with a dozen other detainees.

Chinese property firm Kaisa strikes debt restructuring deal

Chinese property developer Kaisa has reached an agreement with creditors for partial repayment of its debt, the company said Tuesday, a positive development as it battles to avoid liquidation.

Philippines to process 'limited number' of Afghans seeking US visas

A "limited number" of Afghans will temporarily stay in the Philippines while being processed for resettlement in the United States, Manila and Washington said Tuesday.

Asian markets fluctuate ahead of key earnings and Powell

Asian investors trod carefully Tuesday after the latest bounce in optimism fuelled by hopes Federal Reserve boss Jerome Powell will signal an interest rate cut in a highly anticipated speech to top central bankers this week.

India's homemade superhero star strikes Bollywood fame

Half a day's drive from India's entertainment capital Mumbai, many in the struggling textile city of Malegaon escape the thrum of dawn-till-dusk industrial weaving looms by daydreaming about Bollywood stars.

SpaceX a week away from first private spacewalk

Four members of a SpaceX mission that will carry out the first ever private spacewalk arrived in Florida on Monday ahead of their takeoff next week.

US, European stocks forge higher, extending rally

Wall Street stocks advanced Monday following a positive session on European bourses, extending last week's upbeat trend as markets await earnings from US retailers and commentary from the US Federal Reserve.

UK tech tycoon among missing after superyacht sinks off Sicily

UK tech tycoon Mike Lynch was among six people lost at sea Monday after a superyacht sank off the Italian island of Sicily during a sudden storm.

Markets up as traders prepare for Powell speech

Stock markets mostly climbed Monday following last week's strong performance, with gold prices soaring ahead of a meeting of central bankers that could give fresh signals about the US interest-rate outlook.

One dead, six missing after storm sinks superyacht off Sicily

Divers searched off the Italian island of Sicily Monday for six people missing after a superyacht sank during a sudden storm, killing at least one person, officials said.

Markets split as traders prepare for Powell speech

Stock markets diverged Monday following last week's strong performance, as traders await a meeting of central bankers that could give fresh signals about the US interest-rate outlook.

Markets mixed as traders prepare for Powell speech

Equities were mixed Monday following last week's strong performance, with traders focused on a closely followed meeting of central bank chiefs where the Federal Reserve's Jerome Powell is due to deliver a key speech.

Latest 'Alien' movie scares up big crowds in N. America theaters

New sci-fi horror film "Alien: Romulus" topped the weekend box office in North American theaters, showing the franchise's continued ability to scare up sizable audiences, analysts said Sunday.

Indian doctors stage nationwide strike over colleague's rape and murder

Indian doctors launched a nationwide strike Saturday, escalating protests after the "barbaric" rape and murder of their colleague that has channelled outrage at the chronic issue of violence against women.

China youth unemployment jumps to 17.1% in July

Youth unemployment in China ticked up to 17.1 percent in July, official figures showed, the highest level this year as the world's second-largest economy faces mounting headwinds.

Workers at world's biggest copper mine in Chile call off strike

Workers at the world's largest copper mine, in Chile, called off a strike Friday after reaching a pay agreement with Australian mining giant BHP.

New Boeing CEO pledges to 'reset' relations with machinists

Boeing's new boss said Friday he was looking to "reset" relations with a key union representing tens of thousands of its workers, amid negotiations for a new labor contract.

Skiing in Lesotho: an African adventure under pressure

High in the wintry mountains of Lesotho, Sharon Kadangwe from Malawi is learning to ski on a strip of snow that runs down a dry, brown slope at southern Africa's only ski resort.

UN urges Gaza truces for child polio vaccination drive

UN chief Antonio Guterres called Friday for two seven-day breaks in the Gaza war to vaccinate more than 640,000 children against polio, which has been detected in the territory's wastewater.

Workers at world's biggest copper mine in Chile suspend strike

Workers at the world's largest copper mine in Chile suspended a strike launched earlier this week and restarted negotiations with Australian mining giant BHP, the union and management announced Friday.

Epic launches own app store, Fortnite back for iPhones in Europe

Fortnite-creator Epic Games launched its own app store Friday that allows users to bypass the stores run by Apple and Google after waging a years-long battle to directly offer its games to smartphone users.

Gold hits record high, oil prices slide

Gold hit a record high on Friday as global stock markets diverged, with profit-taking on Wall Street while European and Asian markets gained on reassuring data about the health of the world's biggest economy and likely US interest rate cuts.

Europe must prepare for more mpox cases: EU health agency

The European Union health agency on Friday urged its member states to get ready for more cases of a deadly strain of mpox, a day after Sweden announced the first case outside Africa.

Stock markets rally, oil prices slide

Stock markets mostly rallied Friday after encouraging US retail sales data reassured investors about the health of the world's biggest economy.

EU presses Meta on plans after disinformation tracker axed

The EU on Friday formally requested that Meta detail steps it is taking on transparency after the Facebook and Instagram owner scrapped a widely-used tool for tracking disinformation online.

Gaza's overwhelmed undertakers stack 'graves on top of graves'

Undertakers are working like bricklayers in a Gaza cemetery, piling cinder blocks into tight rectangles, side by side, for freshly dug graves.

US to award chipmaker Texas Instruments up to $1.6 bn

The US government said Friday it has signed a preliminary agreement with semiconductor manufacturer Texas Instruments to give the company up to $1.6 billion to help fund new facilities in the country.

Indian doctors step up protests after colleague's brutal murder

Indian doctors stepped up nationwide protests and strikes Friday after the rape and murder of a colleague, a brutal killing that has focused outrage on the chronic issue of violence against women.

Equities surge on strong US consumer data

Japanese stocks surged and markets in Asia strengthened on Friday, tracking substantial gains on Wall Street after encouraging US retail sales data reassured investors about the health of the world's biggest economy.

China's Olympic tennis glory tracks booming middle classes

Zheng Qinwen's historic tennis gold at the Paris Olympics this month followed a decades-long surge in the sport's popularity among China's burgeoning middle class, and her victory is set to boost it even more.

Indonesia leader touts economic success in final state address

Indonesian President Joko Widodo hailed his economic track record on Friday in a final state of the nation address before he leaves office in October after a decade in power.

Asian markets surge on strong US consumer data

Japanese stocks surged and markets across Asia started strong on Friday, tracking substantial gains on Wall Street after encouraging US retail sales data reassured investors about the health of the world's biggest economy.

The Fort Worth Press - Economy (English)