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Fitch upgrades Argentina debt rating amid economic pain

Credit ratings agency Fitch upgraded Argentina's sovereign debt rating to "CCC" from "CC" on Friday, citing improved ability to meet upcoming foreign debt payments and successful economic reforms under President Javier Milei.

Trump picks Doug Burgum as energy czar in new administration

US President-elect Donald Trump announced Friday that North Dakota Governor Doug Burgum will head a new energy council -- on top of serving as his Secretary of the Interior.

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Stock markets diverge before Nvidia results, Fed minutes

Stock markets diverged Wednesday as traders nervously awaited earnings from US tech darling Nvidia, in addition to minutes from the Federal Reserve that could shed fresh light on the outlook for interest rates.

Two dead, two hurt, in Dutch bridge collapse: officials

At least two people died and two more were injured when a bridge under construction collapsed in the Netherlands on Wednesday, Dutch officials said.

Germany cuts 2024 growth forecast as economic woes pile up

The German government slashed its growth forecast for 2024 on Wednesday, warning that Europe's largest economy was in "difficult waters" as it faced a series of headwinds.

Food watchdog lodges complaint over Nestle mineral water 'fraud'

Consumer watchdog Foodwatch said it was filing a legal complaint Wednesday against food giant Nestle and another group over them allegedly fraudulently treating water for their top mineral water brands.

HSBC reports 'record profit' of $30.3 bn in 2023

HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax gains soared by nearly 80 percent, with the banking giant also announcing further share buybacks.

China stocks jump after rate cut as markets await US tech earnings

Hong Kong and Shanghai stocks jumped Wednesday after Beijing's latest measures to boost the stuttering economy but declines on Wall Street weighed on other Asian markets.

German economy buffeted by 'perfect storm'

Weaker exports, costly energy and a stuttering green transition have combined to form a "perfect storm" for the German economy, leaving Chancellor Olaf Scholz's coalition bickering over how to change course.

Asian stocks lower after Wall Street losses

Asian markets were mostly down Wednesday, tracking US losses as investors await a key tech earnings report and Fed policy meeting minutes later in the day.

What to know about the NASA-funded commercial Moon fleet

The year 2024 promises to be a busy one for American Moon landings, all under a new partnership between NASA and the space industry.

Eleven Ukraine children returned from Russia

Eleven Ukrainian children crossed the border from Belarus to Ukraine Tuesday evening, in the latest return of children taken to Russia and occupied territories during the nearly two-year Ukraine war.

British billionaire Ratcliffe completes purchase of minority stake in Man Utd

British billionaire Jim Ratcliffe said becoming a co-owner of Manchester United is a "great honour" and "responsibility" after his purchase of a minority stake was finalised on Tuesday.

Musk says patient moves cursor with brain implant

Elon Musk says the first human patient with a brain implant from his Neuralink startup is able to move a computer mouse with thought.

Russia, Venezuela to boost cooperation in energy, including nuclear

Anti-American allies Russia and Venezuela vowed to boost cooperation in oil and gas production and the "peaceful use of nuclear energy" at a meeting of foreign ministers in Caracas Tuesday.

Capital One's takeover of Discover reshuffles US credit card sector

Capital One's proposed merger with the US credit card specialist Discover has reshuffled the deck in a fast-growing sector in the United States, where cash is gradually disappearing from the landscape.

US to announce new sanctions against Russia over Navalny death

The United States will announce fresh sanctions on Russia on Friday over the death in prison of opposition leader Alexei Navalny, as a string of European governments summon Russian diplomats.

Global stocks mostly lower despite China rate cut

Wall Street and European stocks mostly fell on Tuesday as gains made in Asia after China's central bank sprang a record cut to a benchmark lending rate to boost the nation's struggling economy failed to carry over.

The Body Shop to shut nearly half of UK shops

The UK arm of The Body Shop cosmetics group will shut nearly half its 198 outlets, adminstrators brought in to save parts of the distressed company said Tuesday.

Eiffel Tower closed again as staff extend strike

The Eiffel Tower, one of the world's top tourist attractions, remained closed for a second straight day Tuesday as staff extended a strike over the monument's financing.

Global stocks slip despite China rate cut

Wall Street and European stocks mostly fell on Tuesday, as gains in Asia after China's central bank sprang a record cut to a benchmark lending rate to boost the nation's struggling economy failed to carry over.

Young creators face cost dilemma at London Fashion Week

To show or not to show at London Fashion Week? That was the question at this year's event for young independent brands facing higher costs post Brexit and soaring inflation.

Walmart says it will buy TV maker Vizio for $2.3 bn

Walmart announced Tuesday it will buy smart television maker Vizio for $2.3 billion, boosting the retail giant's advertising venture as growth slows in its legacy business from the pandemic boom.

Europe stocks mainly climb after China rate cut

European equities mostly rose Tuesday, following gains in Hong Kong and Shanghai, after China's central bank sprang a record cut to a benchmark lending rate in a bid to boost the nation's struggling economy.

Boeing announces Dreamliner deal at Singapore Airshow

Boeing said Tuesday that Thai Airways had placed an order for 45 Dreamliner aircraft, the first major deal announced by the embattled US plane-maker at the Singapore Airshow.

Eiffel Tower closed again as staff extend strike: union

The Eiffel Tower, one of the world's top tourist attractions, will remain closed for a second straight day Tuesday as staff extend a strike, a union representative told AFP.

China shares end higher as central bank cuts key rate

China's shares finished higher on Tuesday as its central bank announced a record cut to a benchmark lending rate in a bid to boost its struggling economy.

Wind-powered Dutch ship sets sail for greener future

The world's first chemical tanker ship fitted with massive rigid aluminium "sails" has left Rotterdam, its owner hoping to plot a route to bringing down the shipping industry's huge carbon footprint.

Potholes, a British obsession with a heavy price

Dotting the asphalt, they come in various shapes and sizes, costing drivers a fortune in vehicle repairs and even lives. In Britain, potholes are increasingly a scourge and an obsession.

Lab-grown diamonds put natural gems under pressure

The glittering diamonds sparkle the same but there are key differences: mined natural gems are more than a billion years old, while laboratory-made rocks are new and cost less than half the price.

Made-in-China airliner seeks buyers at Singapore Airshow

China's first domestically produced passenger jet was presented at Asia's biggest airshow, which opened in Singapore on Tuesday, as Beijing seeks to woo international buyers.

China cuts key mortgage rate to boost economy

China's central bank on Tuesday cut a key benchmark lending rate used to price mortgages, as Beijing seeks to rescue its housing market from a deepening crisis and boost flagging growth in the country's economy.

China shares dip as central bank cuts key rate

Mainland China's shares fell on Tuesday as its central bank announced a record cut to a benchmark lending rate in a bid to boost its struggling economy.

Capital One to buy Discover for $35.3 bn

US banking giant Capital One announced Monday it will acquire financial services company Discover in a $35.3 billion all-stock deal combining two of America's major credit card firms.

UN agencies warn of 'explosion' in Gaza child deaths

An alarming lack of food, surging malnutrition and the rampant spread of disease could spark an explosion in child deaths in Gaza, the United Nations warned Monday.

Made-in-China airliner shown overseas at Singapore Airshow

China's first domestically produced passenger jet will be presented to potential buyers in an international debut at Asia's biggest airshow, which opens in Singapore on Tuesday.

Italy takes over troubled steel mill

Following months of unsuccessful talks, the Italian government Monday launched a temporary state takeover of a troubled steel mill that that is majority-owned by steel giant ArcelorMittal, according to sources close to the situation.

Stock markets diverge before more key earnings

Major stock markets diverged Monday as traders awaited more earnings updates this week from heavyweight companies, including HSBC bank, chip giant Nvidia and retail giant Walmart.

Eiffel Tower closes as staff go on strike

The Eiffel Tower, one of the world's top tourist attractions, was closed Monday after staff went on strike, unions told AFP.

Asian stocks mostly up as China enjoys Lunar New Year bump

Mainland Chinese stocks were buoyant after Lunar New Year as figures showed holiday spending surged past pre-pandemic levels, leading gains in most other Asian markets on Monday.

Ukraine PM seeks reconstruction help in Japan

Ukraine's prime minister urged Japan's government and private sector on Monday to step up support for the country's reconstruction, promising an "economic miracle" once the almost two-year-old war with Russia ends.

The Fort Worth Press - Economy (English)