The Fort Worth Press

Retail sales in US rebound less than expected in February

US consumer spending warmed slightly in February, according to government data released Thursday, with retail sales regaining ground after an earlier hit from cold weather.

Biden opposes Nippon Steel takeover of US Steel

President Joe Biden said Thursday he is against the proposed sale of US Steel to Japan's Nippon Steel, as election year considerations appeared to outweigh the risk of angering key ally Japan.

Biden opposes Nippon Steel takeover of US Steel: statement

President Joe Biden said on Thursday he opposed the proposed sale of US Steel to Japan's Nippon Steel, in a move that could annoy Washington's close Asia-Pacific ally Tokyo.

Aid efforts intensify for famine-stalked Gaza

Efforts grew on Thursday to get more aid into the war-devastated Gaza Strip, where the UN warns of famine and desperate residents have stormed relief shipments.

Italy fines TikTok 10 mn euros for failing to protect minors

Italy's competition authority on Thursday fined TikTok 10 million euros (nearly $11 million), saying the hugely popular video app had failed to sufficiently protect minors.

Foxconn logs second straight quarter of profits as AI demand surges

Taiwanese tech giant Foxconn on Thursday reported a second straight quarter of profit growth, with the Apple supplier boosted by demand for AI hardware and infrastructure.

China says US TikTok vote follows 'logic of a bandit'

China on Thursday slammed the approval of a US bill that would ban TikTok unless it severs ties with its Chinese parent company, blasting Washington's "bandit" mentality and vowing Beijing would "take all necessary measures" to protect the interests of its companies overseas.

New US climate envoy wants China to speed up coal transition

China should speed up its transition from coal, the new chief US climate negotiator John Podesta said Thursday, while pledging to maintain open dialogue with Beijing.

Foxconn reports 33% rise in fourth-quarter net profit

Taiwanese tech giant Foxconn on Thursday reported a 33 percent jump in net profit during the final three months of 2023, marking the second straight quarter of growth for the Apple supplier.

At Texas arts and tech fest, virtual reality is perfectly human

At South by Southwest -- the gargantuan Texas festival for cinema, music and tech -- artists this year embraced virtual reality as a way to better connect with humanity, not escape it.

Aid ship slowly heads for Gaza as calls for assistance grow

A first boat loaded with 200 tonnes of food aid was making slow progress towards the Gaza Strip on Thursday as efforts grew to bring more humanitarian assistance to the Palestinian territory besieged by Israel.

At disused New York airport, a migrant camp isolated from the city

Gusts of wind lash the runways of a former airfield in New York as migrant families with children slowly walk across, eyeing the city's world-famous skyline off in the distance.

US urges Panama to remove flag from rogue Iranian ships

A United States special envoy on Wednesday urged Panama to stop Iranian ships from flying its flag, which allows Tehran to evade sanctions imposed by Washington.

Yellen says US economy unlikely to see 'stagflation'

The US economy is not expected to see stagflation, Treasury Secretary Janet Yellen said in an interview broadcast Wednesday, adding that most forecasters expect inflation to cool as housing costs move lower.

Brazil revs up for jolt of hybrid car investments

Brazil is charging up for a hybrid revolution as global car manufacturers race to pump billions of dollars into the development of green vehicles in Latin America's biggest economy.

Yellen says US unlikely to see 'stagflation'

The United States is not expected to see stagflation, Treasury Secretary Janet Yellen said in an interview broadcast Wednesday, adding that most forecasters expect inflation to cool as housing costs move lower.

UN agency says Israel struck Gaza warehouse amid race for aid

The main UN aid agency in war-ravaged Gaza said an Israeli strike Wednesday hit one of its warehouses, killing an employee, as calls intensified for land routes to bring food into the besieged territory.

UK to ban foreign state ownership of British newspapers

The UK announced Wednesday that it plans to bar overseas governments from owning British newspapers, a move that could scupper the contentious Abu Dhabi-led takeover of the Telegraph Media Group.

IMF launches leadership search with Georgieva tipped for 2nd term

The International Monetary Fund officially launched the selection process to find the organization's next leader on Wednesday, with current managing director Kristalina Georgieva widely expected to be renominated for a second five-year term at the Washington-based financial institution.

IMF officially starts process to find new managing director

The International Monetary Fund officially launched the selection process to find the organization next leader on Wednesday, with current managing director Kristalina Georgieva widely tipped for a second five-year term.

IMF officially process to find new managing director

The International Monetary Fund officially launched the selection process to find the organization next leader on Wednesday, with current managing director Kristalina Georgieva widely tipped for a second five-year term.

European stocks advance as Wall Street trades sideways

European stock markets rose Wednesday, with Paris and Frankfurt setting new records, while Wall Street churned after rising the previous day despite a mixed inflation report.

Cuba's currency conundrum: four ways to pay

"How can I pay you?": In Cuba, the question goes beyond cash or card as citizens grapple with four different currencies, turning them into amateur traders as they try to squeeze the most value out of their money.

US sanctions 3 for organizing Bosnian Serb 'national day'

The US Treasury Department unveiled sanctions Wednesday against three individuals for undermining the "peace and stability of Bosnia and Herzegovina" by helping to organize an "unconstitutional" celebration of Bosnian Serb identity.

UK agrees closer Texas trade ties as US talks stall

Britain signed a trade agreement with Texas on Wednesday after it failed to secure a post-Brexit deal with the wider United States.

European stocks advance and bitcoin hits record high

European stock markets advanced on Wednesday, with Frankfurt setting a new record, while Wall Street struggled to hold onto gains made despite a less-than-stellar inflation report.

Streaming giant Spotify adds music videos to output

Music streaming giant Spotify on Wednesday announced it would be posting music videos on its platform in "select markets", entering an arena long dominated by YouTube.

Volkswagen 2023 profits rise, but warns on slow sales growth

German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023 as vehicle deliveries rebounded but warned of slower sales growth this year, sending its shares down.

What's included in the new EU law on AI

The European Parliament on Wednesday gave the final nod to far-reaching rules on artificial intelligence that the EU hopes will both harness innovation and defend against harms.

Australian wine industry toasts expected end to China tariffs

The Australian wine industry welcomed news on Wednesday that China could begin lifting punitive tariffs within weeks, raising hopes that the country's red wine glut will soon ease.

Volkswagen's 2023 profits rise, outlook for this year cautious

German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023, boosted by higher vehicle deliveries, but gave a cautious outlook for this year.

Cathay Pacific 'is back' with first annual profit since 2019

Hong Kong carrier Cathay Pacific on Wednesday reported its first annual net profit in four years, citing a surge in demand as it emerges from the impact of the financial hub's Covid isolation.

Cathay Pacific reports first annual profit since 2019

Hong Kong carrier Cathay Pacific on Wednesday reported its first annual net profit in four years, citing "significant pent-up demand for travel" following the pandemic.

Childhood deaths at record low, but progress 'precarious': UN

The number of children worldwide who died before age five reached a record low in 2022, the United Nations said in a report published Tuesday, as for the first time fewer than five million died.

Gunman surrenders after three-hour hostage ordeal on Rio bus

A gunman wounded two people at Rio de Janeiro's main bus station Tuesday and held 17 passengers hostage for three hours before being convinced to surrender, police said.

Boeing says employees must take 'immediate' action on safety measures

US aeronautics giant Boeing, facing increased scrutiny after a series of safety incidents and manufacturing issues, is directing employees to take "immediate actions" to improve operations, according to a message the company sent to its workforce Tuesday.

Mexican journalist feared kidnapped, authorities say

A well-known journalist and broadcaster missing in western Mexico is believed to have been kidnapped, authorities said Tuesday.

Wall Street stocks rise as traders shake off uptick in inflation

Global stock markets rose Tuesday after investors shrugged off a hotter-than-expected US inflation report and dived back into technology stocks.

Queen Camilla immortalised as Barbie

Barbie may not have won at the Oscars, but she made a new friend Tuesday: Queen Camilla, who was immortalised as one of the iconic dolls.

The Fort Worth Press - Economy (English)

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