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Featured

IBM shares plunge as AI spending boom disrupts business

Shares in IBM plunged 24 percent on Tuesday after the US tech giant released disappointing preliminary second-quarter results, blaming a shift in spending by customers due to expected higher prices for memory chips and other AI-related infrastructure.

Cuba faces third nationwide blackout in less than 10 days

Cuba's power grid failed for the third time in less than 10 days, sparking another nationwide blackout, the national electricity company said Tuesday.

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Gucci ousts chief designer De Sarno after sales slump

Luxury giant Gucci announced Thursday it was parting ways with its chief designer Sabato De Sarno following a sales slump, in the latest shakeup at a major European label.

Honda-Nissan merger talks 'basically over': source

Nissan's board is in favour of abandoning merger talks with Honda but calling them off has yet to be officially decided by executives at the two Japanese carmakers, a source close to the matter told AFP on Thursday.

US claims free passage through Panama Canal

The United States said Wednesday that its government vessels would sail for free through the Panama Canal following heavy pressure from President Donald Trump, but authorities at the waterway swiftly issued a denial.

In the English countryside, a pylon war looms

Standing by his winter wheat field on a plot of land where tall electricity pylons are set to be built, John Stacey feels far from bright about the future.

Bank of England set to cut interest rate

The Bank of England was widely expected to cut its key interest rate on Thursday to help support weak British growth even if UK inflation stays elevated.

Nigeria's lithium mining Eldorado sparks concerns

At an open-cast mine, Abdullahi Ibrahim Danjija carefully chisels away at a hunk of whitish rock before stuffing a sack with the pieces which break off the walls.

South Korea ministries, police block DeepSeek access

South Korean ministries and police said Thursday they were blocking DeepSeek's access to work computers, after the Chinese AI startup did not respond to a data watchdog request about how it manages user information.

Glenmorgan Investments On Track to Reach $7 Billion in Assets Under Management

Glenmorgan Investments, a leading global investment firm, is excited to announce record capital inflows across both institutional and retail sectors in the first six weeks of 2025.

Google shares slump but other AI gains lift US stocks

Wall Street stocks forged higher Wednesday, propelled by resurgent optimism about AI while oil prices tumbled on trade war uncertainty and bearish US petroleum inventory data.

Trump signs order barring trans athletes from women's sports

US President Donald Trump signed an executive order on Wednesday seeking to ban transgender athletes from participating in women's sports, in his latest move targeting transgender people since returning to office.

French PM survives no-confidence votes

French Prime Minister Francois Bayrou on Wednesday survived two no-confidence votes in parliament, winning some breathing space after less than two months in office but still facing an uncertain future.

Trump to sign order barring trans athletes from women's sports

US President Donald Trump will sign an executive order Wednesday barring transgender athletes from women's sports, in his latest move targeting transgender people since returning to office.

Google shares slump as trade tensions rattle markets

Shares in Google parent Alphabet slumped on Wednesday as its earnings disappointed investors and it was ensnared in rising trade tensions.

Hermoso pressured to downplay kiss, brother tells Spain court

Jenni Hermoso's brother on Wednesday told the forced kiss trial of Spain's ex-football federation chief Luis Rubiales his sister was threatened with "consequences" if she did not downplay the affair.

US Postal Service halts China suspension after stoking trade fear

The US Postal Service (USPS) said Wednesday it would continue accepting packages from China and Hong Kong, hours after an order to suspend shipments over President Donald Trump's new tariffs sparked fears of major trade disruptions.

Steel decline sparks protests and a movie in Belgium

Thousands of steelworkers took to the streets of Brussels on Wednesday to demand EU help for a sector whose decline is the subject of a documentary on show at Belgian cinemas.

Oscars frontrunner 'Emilia Perez' suffers awards season crash

Rarely has a film fallen from favour so quickly: after gaining a record number of Oscar nominations for a foreign-language movie, narco-musical "Emilia Perez" has become embroiled in scandal linked to past social media posts by star Karla Sofia Gascon.

Oil giants TotalEnergies, Equinor reduce low-carbon investments

French oil and gas giant TotalEnergies said Wednesday it would reduce its low-carbon energy investments while Norwegian peer Equinor scaled back its renewables ambitions as the companies reported sharp drops in annual profits.

Tokyo police bust alleged prostitution ring targeting tourists

Japanese police said they have arrested seven people suspected of running an illegal sex business that reportedly targeted tourists in Tokyo's busy red-light district.

Baltics to cut Soviet-era ties to Russian power grid

Baltic states Lithuania, Latvia and Estonia are to disconnect from the Russian power grid on Saturday, a politically-charged move that severs their Soviet-era energy ties with Moscow.

India's Modi takes ritual dip at Hindu mega-festival

India's Hindu nationalist Prime Minister Narendra Modi made a ritual river dip on Wednesday at the world's largest religious festival, a week after a stampede killed at least 30 pilgrims.

Nissan shares fall as reports say Honda merger talks off

Nissan shares plunged on Wednesday as media reports said the struggling Japanese carmaker was walking away from merger talks with rival Honda.

Toyota announces Lexus EV plant in Shanghai

Japan's Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand as it raised its annual net profit forecast to almost $30 billion.

Santander reports record profit for third straight year

Spanish banking giant Santander announced record annual profits for a third consecutive year on Wednesday as a strong commercial performance offset the impact of falling interest rates.

Nissan shares plunge as report says Honda merger talks off

Nissan shares plunged on Wednesday after Japan's Nikkei business daily said the carmaker had decided to withdraw from merger talks with rival Honda.

China holds out hope last-minute deal can avert US trade war

China's new tariffs on US imports like oil, coal and cars are relatively modest in scale, suggesting that Beijing is hoping for a last-minute deal but also giving them the option to inflict more pain if needed, analysts say.

Race against time to complete contested Milan-Cortina bobsleigh track

With a year to go until the start of the Milan-Cortina Winter Olympics, organisers are racing against time to ensure the sliding events are held in Italy and not moved over 6,000 kilometres away to Lake Placid.

French PM set to survive no confidence vote

French Prime Minister Francois Bayrou is expected on Wednesday to survive a no-confidence vote in parliament, winning some breathing space after less than two months in office but by no means ensuring his long-term future.

Google shares slide on spending plans despite sales jump

Google's parent company Alphabet on Tuesday reported revenue jumped in the recently-ended quarter, but shares sank on concerns it may be pouring too much money into artificial intelligence.

Honda shares jump on reports it wants Nissan as subsidiary

Honda shares surged in Tokyo on Wednesday as Japanese media said the automaker had proposed making its struggling rival Nissan a subsidiary -- with some reports saying the move could spell the end of their merger talks.

US Treasury says Musk team has 'read-only' access to payments data

The US Treasury said Tuesday that Elon Musk's government reform team can read data from its highly sensitive payment system but not alter it, after Democratic lawmakers raised the alarm over the move and called for an investigation.

What Elon Musk's Twitter tactics may bode for US government

As Elon Musk and his aides take control of the US Treasury's payments system, the drastic job cuts and other shake-ups he instituted on buying Twitter may offer a preview of what government workers can expect.

Berliner Tageblatt - Economy (English)