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Xi, Biden at Asia-Pacific summit under Trump trade war cloud

US President Joe Biden joined Asia-Pacific leaders for a summit on economic cooperation Friday in Lima, where he is set to meet Chinese counterpart Xi Jinping under a cloud of uncertainty cast by Donald Trump's election victory.

Boeing strike will hurt Ethiopian Airlines growth: CEO

Africa's biggest carrier, Ethiopian Airlines, is feeling the effects of a bitter seven-week strike at plane maker Boeing, its chief executive told AFP on Friday, warning that consequences could stretch into the longterm.

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Ancelotti says Real 'must not forget' Vinicius racist abuse on Valencia return

Carlo Ancelotti insisted Real Madrid 'must not forget what happened' as the La Liga leaders return to Valencia Saturday where forward Vinicius Jr was racially abused last season.

European stock markets climb as eurozone inflation eases

Europe's stock markets climbed Friday as investors welcomed a slowdown in eurozone inflation, while Wall Street opened mixed after setting new records.

'Difficult discussions' as WTO talks run beyond deadline

The world's trade ministers were locked in deadlocked negotiations Friday following overnight talks as a major WTO conference postponed its closing session for a fourth time with no deals in sight.

European stock markets mostly climb as eurozone inflation eases

Europe's stock markets mostly climbed Friday as investors digested news of a smaller-than-expected slowdown in eurozone inflation.

World resource extraction could surge 60% by 2060, UN warns

Extraction of Earth's natural resources could surge 60 percent by 2060, imperilling climate goals and economic prosperity, the UN said Friday, calling for dramatic changes in energy, food, transport and housing.

'Difficult discussions' as WTO talks extended for third time

The world's trade ministers entered a last stretch of talks on Friday following overnight negotiations as a major World Trade Organization conference postponed its closing session for a third time.

Swiss central bank head steps down in surprise move

The head of Switzerland's central bank, Thomas Jordan, will step down in September after 12 years in charge, the bank said in a surprise statement Friday.

French farmers protest near Paris's Arc de Triomphe

French farmers ringed Paris's famed Arc de Triomphe monument with tractors on Friday, saying the protest was aimed "at saving French agriculture", the Rural Coordination union said.

Energy-related CO2 emissions hit record levels in 2023: IEA

Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years thanks to continued expansion of clean technologies, the International Energy Agency said Friday.

Asian markets mostly up after US gains

Asian markets were largely higher on Friday following Wall Street gains driven by tech rallies and key US inflation data that met investors' expectations.

Riding high on AI, Nvidia is no bubble, says Wall Street

The emergence of AI bots like OpenAI's ChatGPT and Google's Bard has fueled a massive rise in share prices of chip-making juggernaut Nvidia, with its skyrocketing stock now making it the world's fourth biggest company by market capitalization.

US stocks rise on inflation report as Nasdaq hits record

Wall Street stocks rose Thursday after a key US inflation measure brought investors some relief, though global markets were mixed over questions of when interest rates might start coming down.

Moldova keeps cool after Russia 'protection' call

Moldovans dismissed talk of tensions on Thursday, a day after pro-Russian rebel officials in the country's breakaway region of Transnistria appealed to Russia for "protection".

US Fed official says open to 'summer time' interest rate cut

The speed at which US inflation is easing means it will likely be appropriate for the Federal Reserve to start cutting interest rates over the summer, a senior Fed official said Thursday.

Stocks little changed after mixed US inflation report

Major stock markets were little changed Thursday after the latest US inflation report failed to settle the question of when interest rates could start coming down.

European airlines, facing jet delivery delays, see profits soar

Europe's aviation industry is extending its bounceback from the Covid pandemic, as British Airways owner IAG and Franco-Dutch rival Air France-KLM posted bumper 2023 profits Thursday.

US probes security risks posed by Chinese tech in cars

US President Joe Biden announced an investigation Thursday into the national security risks posed by Chinese tech in cars, warning they could be used to collect sensitive data.

Chloe's new designer returns to roots

For her first collection at the head of Chloe, designer Chemena Kamali looked back to the 1970s of the Parisian house and the blend of feminity and bohemian chic of its then-designer Karl Lagerfeld.

Stocks climb after US inflation dips

Major stock markets rose Thursday after US and European inflation slowed, renewing hopes for interest rate cuts.

Actor Godreche denounces sexual violence in evidence to French Senate

Actor Judith Godreche on Thursday denounced France's "incestuous" film industry, urging authorities to reform French cinema to protect young actresses from sexual violence, in testimony to the Senate upper house.

Italy says it wants Chinese carmakers but only under conditions

Italy will closely study any investments by Chinese carmakers, a minister said Thursday, after another minister said Wednesday the country was in talks with three Chinese manufacturers.

At least 24 dead in migrant shipwreck off Senegal

At least 24 people seeking to reach Europe drowned off northern Senegal when their loaded vessel sank, the governor of the Saint Louis region told AFP on Thursday.

British Airways owner IAG, Air France-KLM post bumper profits

Europe's aviation industry extended a bounceback from the Covid pandemic on Thursday, as British Airways owner IAG and Franco-Dutch rival Air France-KLM posted bumper 2023 profits.

Stock markets mixed before US inflation data

Major stock markets traded mixed Thursday before the release of US inflation data that could present a clearer idea on when the Federal Reserve will start cutting interest rates as inflation cools.

WTO talks enter final day with no clear sign of progress

The World Trade Organization's 13th ministerial conference (MC13) in Abu Dhabi entered its last scheduled day on Thursday, with major issues still stuck in the weeds.

Liverpool announce £9 mn loss for 2022/23 season

Liverpool made a pre-tax loss of £9 million ($11.4 million) last season as increased commercial income failed to offset a drop in media and matchday revenues, the club's latest accounts revealed on Thursday.

Ailing Eiffel Tower dragged into power play for Paris city hall

The Eiffel Tower, attacked by rust and well behind on its maintenance schedule, has taken centre stage in a power struggle between the Paris mayor and her main rival, the French minister of culture.

Zuckerberg, S. Korea's President Yoon talk AI cooperation

Meta chief Mark Zuckerberg met South Korea's President Yoon Suk Yeol in Seoul Thursday and discussed cooperation on AI and ways to prevent fake news circulation ahead of key elections, Yoon's office said.

Asian markets rise ahead of US inflation data

Asian shares mostly rose on Thursday ahead of the release of crucial inflation data later in the day that will help chart the Fed's rate cut timeline.

Swiss to vote on retirement age, pensions

The Swiss will vote Sunday on two initiatives aimed at reshaping pensioners' lives in diametrically different ways, with one seeking to boost pension payments, the other to hike the retirement age.

European consumers challenge Meta paid service as privacy 'smokescreen'

Consumer groups from eight EU countries lodged complaints on Thursday against Meta, accusing the US company of illegally processing user data and using its "pay or consent" system as a "smokescreen" for privacy breaches.

Asian markets track Wall Street losses

Asian shares mostly fell on Thursday tracking US losses ahead of the release of crucial inflation data later in the day that will help chart the Fed's rate cut timeline.

Reliance, Disney announce giant India media merger

India's Reliance Industries and Walt Disney have agreed to merge their Indian media businesses, creating a $8.5 billion entertainment giant in the world's most populous nation.

As mission ends, US lunar lander could still 'wake' back up

The US spacecraft that touched down on the Moon last week and is currently running on solar power will soon be "put to sleep" once lunar night kicks in, mission officials said Wednesday.

Video game giant Electronic Arts announces job cuts

Electronic Arts on Wednesday said it is cutting about 5 percent of its workforce, as belt tightening continues in the video game and tech industries.

Ghana parliament passes anti-LGBTQ bill

Ghana's parliament voted to pass a controversial bill to severely restrict LGBTQ rights on Wednesday in a move condemned by activists.

US lunar lander still operating despite previous battery warning

The lunar lander that touched down on the Moon last week is still working via solar power, the private company behind the historic mission said Wednesday, after announcing the day before that its batteries were on the verge of running dry.

Zero-emission ship nears finish of round-the-world voyage

A ship powered by renewable energy, including hydrogen produced onboard, is docked in the southeastern US state of Florida this week as it prepares to finish the last leg of a voyage around the world.

US stocks slip before inflation data, as bitcoin breaks $60,000

Wall Street's main stock indices dipped Wednesday as investors locked in profits ahead of a key US inflation measurement while cryptocurrency bitcoin topped $60,000.

The Fort Worth Press - Economy (English)