The Fort Worth Press

Global stocks mixed as markets await French vote, US debate

Global stocks were mixed Thursday as Europe geared up for key elections, the United States awaited influential inflation data and a presidential debate, and Japan contemplated measures to strengthen the yen.

US investigative agency sanctions Boeing for discussing probe

A US investigative authority sharply rebuked Boeing for sharing details about an ongoing probe of a near-catastrophic aviation incident that were not supposed to be discussed publicly.

Yen gains after 38-year low, stocks mostly lower

Global stocks mostly slid Thursday as Europe geared up for key elections, the US awaited key inflation data and Japan contemplated measures to strengthen the yen.

'Not a lab experiment': climate tech CEO on green innovation

Microsoft co-founder and billionaire philanthropist Bill Gates has been hosting executives and entrepreneurs in London this week to boost investment in cutting-edge technologies promising big breakthroughs in tackling climate change.

Amid Gaza war, Israel warns could send Lebanon 'back to Stone Age'

Israel launched air strikes on Gaza Thursday after warning Hezbollah, Hamas's ally in Lebanon, to avoid a large-scale war that would send the neighbouring country "back to the Stone Age".

Stock markets mostly drop, yen gains after 38-year low

Major stock markets mostly dropped Thursday as Europeans gears up for key elections, the US awaits inflation data and Japan contemplates measures to strengthen the yen.

H&M shares tumble over profitability concerns

Shares in H&M slid Thursday after the world's second biggest fashion retailer warned that the conditions to meet its profitability target for this year have become "more challenging".

Women 'changing the game' in Mongolia's patriarchal politics

Women candidates are pushing for greater representation in Mongolia's male-dominated politics, raising their voices for change and inspiring girls to follow in their footsteps.

As ice melts, Everest's 'death zone' gives up its ghosts

On Everest's sacred slopes, climate change is thinning snow and ice, increasingly exposing the bodies of hundreds of mountaineers who died chasing their dream to summit the world's highest mountain.

Yen gains after hitting 38-year low, traders on intervention watch

The yen edged back slightly Thursday after hitting a 38-year low against the dollar, putting investors on alert for a possible intervention by Japanese authorities, while investors awaited US inflation data that could spark another round of volatility.

Struggles of 'levelling-up' plan epitomise UK Tory decline

The UK Conservatives scored a thumping win in 2019 by promising to "level-up" struggling regions, but for voters in towns like Keighley, the flagship policy has been eclipsed by spiralling costs.

The herders caught in India and China's icy conflict

Lines on a map once meant little to India's Tibetan herders of the high Himalayas, expertly guiding their goats through even the harshest winters to pastures on age-old seasonal routes.

Japanese yen touches 38-year low as global stocks finish mixed

The yen, weakened by the Japanese government's easy monetary policy, hit a 38-year low against the dollar on Wednesday, sparking speculation about a new intervention by authorities.

Sri Lanka seals debt deal with China, others after crash

Sri Lanka said on Wednesday it had clinched a restructuring deal with key bilateral lender China and other nations, covering up to $10 billion in debt, a critical step towards recovery after a 2022 financial crash.

US abortion restrictions have unwanted knock-on effects: studies

Restrictions or outright bans on abortion implemented in some US states can have unexpected consequences like reduced access to contraceptives and higher infant mortality rates, two studies published this week warned.

US new home sales come in below expectations in May

Sales of new homes in the United States were weaker than traders expected last month, according to government data published Wednesday, as mortgage rates remained high.

Yen touches 38-year low, stocks slide

The yen, weakened by the Japanese government's easy monetary policy, hit a 38-year low against the dollar on Wednesday, sparking speculation about a new intervention by authorities.

AI takes centre stage as Mobile World Congress Shanghai kicks off

From phones that can detect deepfake scams to autonomous intelligent vehicles, the disruptive potential of artificial intelligence took centre stage as Mobile World Congress Shanghai kicked off Wednesday.

Sri Lanka seals partial debt deal after financial crash

Cash-strapped Sri Lanka said Wednesday it had clinched a restructuring deal with a majority of bilateral lenders covering up to $5.8 billion in debt, a key step towards recovery after a 2022 financial crash.

Stock markets mostly rise after tech rebound

Asian and European markets mostly rose Wednesday following a tech-led bounce on Wall Street as investors prepared for the release of crucial US inflation data.

Frustration, as Poland's same-sex couples await promised legal rights

Krzysztof Alcer and Grzegorz Lepianka have been waiting for Poland to officially recognise their relationship for 21 years. But as the wait drags on, their anger is growing, their patience wearing thin.

Two employees leave Adidas amid China graft probe

Adidas said Wednesday two employees had left the company as the German sportswear giant investigates bribery allegations in China.

Hong Kong LGBTQ couples seek love, recognition in mass wedding

When 10 Hong Kong LGBTQ couples exchanged vows at a hotel ballroom, the scene could have been mistaken for any other mass wedding -- except the officiant was 12,000 kilometres (7,500 miles) away.

Markets rise after Wall St rebound, inflation in view

Asian and European markets mostly rose Wednesday following a tech-led bounce on Wall Street as investors prepared for the release of crucial US inflation data, while the yen fell back towards levels that have stirred intervention warnings from Japanese officials.

Asian markets rise after Wall St rebound, inflation in view

Asian markets mostly rose Wednesday following a tech-led bounce on Wall Street as investors prepared for the release of crucial US inflation data, while the yen fell back towards levels that have stirred intervention warnings from Japanese officials.

Iran picks new president at turbulent time

Iranians vote on Friday to elect a new president from six candidates, including a lone reformist who hopes he can challenge the dominance of conservatives in the Islamic republic.

Asian markets fluctuate after Wall St rebound, inflation in view

Asian markets swung Wednesday following a tech-led bounce on Wall Street as investors prepare for the release of crucial US inflation data, while the yen fell back towards levels that have stirred intervention warnings from Japanese officials.

Waymo robotaxi service opens to all in San Francisco

The Google-owned Waymo robotaxi service on Tuesday became available to anyone in San Francisco interested in hailing a driverless ride.

US stocks mixed while Europe slips on renewed French vote fears

European stock markets slid Tuesday as jitters resurfaced over impending French elections, while stocks on Wall Street ended mixed as investor darling Nvidia reversed course, driving the Nasdaq higher.

Major music labels sue AI startups over copyright infringement

Some of the world's major music labels are suing music generation services Suno and Udio, accusing the startups of violating the copyrights of top artists to train their generative AI engines without permission.

Five killed in Kenya anti-tax protests, NGOs say

Five people were shot dead and dozens wounded in Kenya on Tuesday in mounting anti-tax hike protests, NGOs said, as police clashed with demonstrators who stormed the parliament compound in Nairobi.

Lufthansa to add environmental charge to fares

German airline giant Lufthansa said Tuesday it would add an environmental charge of up to 72 euros ($77) to fares in Europe to cover the cost of increasing EU climate regulations.

One killed in Kenya rallies as protesters breach parliament

Kenyan police shot dead one protester near parliament Tuesday, a rights group said, with AFP journalists seeing three people lying motionless on the ground as crowds opposed to proposed tax hikes breached barricades to enter the parliamentary complex where a fire erupted.

Europe stocks drop on renewed French vote fears

Europe's stock markets slid Tuesday as jitters resurfaced over impending French elections, with investors also unnerved by Wall Street losses although Asian indices mostly rose.

EU accuses Microsoft of abusing dominant position with Teams

Microsoft violated EU antitrust rules by bundling its Teams communications app with its popular Office suite, Brussels said on Tuesday, as the US tech giant vowed to do what it takes to address competition concerns.

Kenya police fire rubber bullets, tear gas at anti-tax protesters

Kenyan police fired tear gas and rubber bullets to disperse young protesters in the capital Nairobi on Tuesday, AFP reporters saw, escalating tensions as demonstrators rallied across the country against proposed tax hikes.

Chanel at fashion week without sacked designer Viard

Awkward! Chanel was set to hold its haute couture show on Tuesday just three weeks after the very abrupt departure of creative director Virginie Viard after almost 30 years with the brand.

At Paris Olympics, women athletes finally reach parity

Once seen as a "celebration of manly virtue" without women athletes, the modern Olympics will reach gender parity for the first time during this year's Paris Games, 128 years since its first edition.

Kenya police fire tear gas as youth protests kick off

Kenyan police fired tear gas at crowds of young protesters in the capital Nairobi on Tuesday, AFP reporters saw, as demonstrators rallied across the country against the government's proposed tax hikes.

The Fort Worth Press - Economy (English)

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