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Meta releases standalone AI app, competing with ChatGPT

Social media behemoth Meta unveiled its first standalone AI assistant app on Tuesday, challenging ChatGPT by giving users a direct path to its generative artificial intelligence models.

BRICS members blast rise of 'trade protectionism'

China, Brazil and other members of the BRICS grouping on Tuesday slammed the "resurgence of trade protectionism" at a meeting in Rio de Janeiro dominated by US President Donald Trump's tariffs blitz.

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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.

Banksy works belonging to Robbie Williams sold at auction

Two works by the mystery British artist Banksy belonging to the singer Robbie Williams both sold for several million pounds at auction in London on Wednesday.

Ceasefire talks mooted after Russia shells Ukrainian cities

Russia on Wednesday mooted the possibility of ceasefire talks with Ukraine after Russian forces shelled several Ukrainian cities and troops battled in the streets of Kharkiv.

Oil, gas hit records on Ukraine conflict

Oil prices soared Wednesday above $113 per barrel and natural gas hit a record peak before edging off their peaks, as investors fretted over key producer Russia's intensifying assault on Ukraine.

Foldable future: Smartphones return to design classic

The "snap!" of a shutting phone is the nostalgic sound resonating from the giant stands of Samsung, Oppo and Huawei at the Mobile World Congress in Barcelona this week.

Ukraine war impact on US economy 'highly uncertain': Fed chief

The impact of the conflict in Ukraine on the US economy is "highly uncertain," and the central bank will need to adjust quickly to ensure the post-pandemic recovery continues, Federal Reserve Chair Jerome Powell said Wednesday.

Oil, gas rocket to record levels on Ukraine conflict

Oil prices soared Wednesday above $113 per barrel and natural gas hit a record peak, as investors fretted over key producer Russia's intensifying assault on Ukraine.

UN agrees to create 'historic' global treaty on plastic trash

The United Nations on Wednesday agreed to start negotiating a world-first global treaty on plastic pollution in what has been hailed a watershed moment for the planet.

Pipe dreams: German village seeks future for Nord Stream 2

Once defended by the former chancellor Angela Merkel as a purely economic project that will bring cheaper gas to Europe, the controversial 10-billion-euro Nord Stream 2 pipeline has finally been canned by Germany over Russia's invasion of Ukraine.

Top oil producers likely to hold course despite Ukraine war

Saudi Arabia, Russia and other top oil producers are expected Wednesday to agree to hold firm on only gradually opening the taps despite Russia's assault on Ukraine sending prices spiralling.

Oil tops $113, equities sink on Ukraine war fears

Crude surged past $113 a barrel Wednesday and equities sank with investors growing increasingly fearful about the Ukraine war's impact on global energy supplies and the economic recovery.

Oil tops $110, equities sink on rising Ukraine war fears

Crude surged past $110 a barrel Wednesday and equities sank with investors growing increasingly fearful about the Ukraine war's impact on global energy supplies and the economic recovery.

Sri Lanka runs out of fuel as dollar crisis worsens

Sri Lanka's public transport was crippled Wednesday as buses ran out of diesel, officials said as the country's foreign exchange crisis worsened with no dollars to import fuel.

UN to take first step towards 'historic' plastic treaty

The United Nations is to launch formal negotiations on Wednesday for a global treaty to address a plastic trash "epidemic" that supporters say is a historic moment for the planet.

ExxonMobil, Apple, Boeing latest US giants to cut ties with Moscow

Apple, ExxonMobil and Boeing announced Tuesday in rapid succession steps to withdraw or freeze business in Russia as more US corporate giants take action after the Ukraine invasion.

Oil prices soar, equities sink on Ukraine invasion

World oil prices again soared Tuesday while European and US equities sank after investors were unnerved by key crude producer Russia's attack on Ukraine.

World's biggest shipping groups suspend Russian deliveries

The three biggest container shipping groups in the world announced Tuesday that they were suspending non-essential deliveries to Russia, adding to the country's economic isolation following a raft of sanctions by the West.

Sri Lanka imposes longest power cuts in 26 years

Sri Lanka on Tuesday announced nationwide seven-and-a-half hour daily power cuts, the longest in more than a quarter of a century, as its foreign exchange crisis leaves it unable to import oil.

Ukraine accuses Russia of air strikes on housing block, TV tower

Russian air strikes hit a residential block in Kharkiv and the main TV tower in the capital Kyiv, Ukraine said on Tuesday, as Moscow stepped up attacks despite sanctions and warnings of a humanitarian crisis.

The Azov Sea, symbolic prize of Russia-Ukraine war

In the mist and pouring rain, the usually bustling port of Taganrog in south-west Russia has come to a standstill. The Azov Sea, usually calm, has become a symbolic prize in Russia's war in Ukraine.

Chip firms play down Ukraine war supply fears

The tech industry is playing down fears of widespread raw materials shortages as a result of the war in Ukraine, after reports that chipmakers would face a severe crunch.

Russia steps up attacks on Ukrainian cities

Russian forces stepped up attacks on cities across Ukraine Tuesday and warned they would target security buildings in the capital Kyiv, as the West promised more devastating sanctions and the UN appealed for $1.7 billion for urgent aid.

The Fort Worth Press - Economy (English)