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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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Australia bans DeepSeek AI program on govt devices

Australia has banned DeepSeek from all government devices as it seeks to block "an unacceptable level of security risk" presented by China's breakout artificial intelligence program, according to an official order Tuesday.

Amid Trump trade tensions, WTO remains crippled arbiter

While US President Donald Trump unleashes trade wars and tariffs, the system for settling such disputes within the World Trade Organization has been paralysed for years -- by the United States.

Despite tariff reprieve Canadians worry 'damage already done' to US ties

The trade war may be on hold, but in a Canadian border city where the unhindered flow of auto parts across the bridge to Detroit supports thousands of jobs, the future remains uncertain.

Ferrari races to another record-breaking year, e-model set for Oct. 9

Italian luxury carmaker Ferrari posted another set of record results on Tuesday, with net profit surging to more than 1.5 billion euros last year.

De la Fuente says 'unaware' of forced kiss scandal backlash

Spain coach Luis de la Fuente on Tuesday told the forced kiss trial of ex-football federation chief Luis Rubiales that he initially knew nothing of the scandal's scale or efforts to silence it.

Ordinary Chinese stoic in the face of escalating US trade war

After China announced retaliatory tariffs against the United States, walkers along Shanghai's waterfront were stoic Tuesday in face of both the cold and the prospect of an escalating trade war.

AI regulation around the world

Countries and economic blocs around the world are at different stages of regulating artificial intelligence, from a relative "Wild West" in the United States to highly complex rules in the European Union.

Stocks rebound, dollar dips as Trump delay tariffs

Stock markets mostly rebounded and there strong gains for Mexico's peso and Canada's dollar Tuesday after Donald Trump said he would delay tariffs on imports from the US neighbours.

Tequila maker Diageo axes sales target on Trump tariffs

Diageo, the maker of Guinness stout and Johnnie Walker whisky, scrapped Tuesday a key performance target with President Donald Trump's tariff plans set to sour its US sales of tequila and Canadian spirits.

American VP Vance to attend Paris AI summit

US Vice President JD Vance will join top tech players in Paris next week at an artificial intelligence summit billed by France as a "wake-up call" for Europe in the global race for AI.

China imposes tariffs on US energy, autos in trade war retaliation

China said Tuesday it would impose tariffs on imports of US energy, vehicles and equipment, firing a return salvo in an escalating trade war between the world's two biggest economies.

Panama lawsuit requests axing Hong Kong firm's canal concession

Two Panamanian lawyers filed a complaint Monday to cancel the concession of a Hong Kong-based company for operating two ports on the Panama Canal, following US President Donald Trump's threats to seize the vital waterway.

OpenAI chief Altman signs deal with South Korea's Kakao after DeepSeek upset

OpenAI chief Sam Altman signed a deal with tech giant Kakao in South Korea on Tuesday as the US firm seeks new alliances after Chinese rival DeepSeek shook the global AI industry.

UBS profit beats forecast as Credit Suisse merger nears end

Swiss banking giant UBS posted better-than-expected fourth quarter results on Tuesday and confidently predicted its mega-merger with Credit Suisse would be substantially wrapped up by the end of 2026 as planned.

Nintendo cuts net profit forecast as Switch sales slow

Japanese video game giant Nintendo on Tuesday cut its annual net profit forecast after hardware and software sales for its Switch console fell in the first three quarters.

China says to probe Google over anti-monopoly violations

China on Tuesday said it would probe US tech giant Google over violations of anti-monopoly laws after Washington slapped 10 percent levies on Chinese goods.

China slaps tariffs on US energy, vehicles in trade war sparring

China said Tuesday it would slap tariffs on imports of US energy, vehicles and equipment, firing a return salvo in an escalating trade war between the world's two biggest economies.

OpenAI chief Altman inks deal with S. Korea's Kakao after DeepSeek upset

OpenAI chief Sam Altman inked a deal with tech giant Kakao in South Korea on Tuesday as the US firm seeks new alliances after Chinese rival DeepSeek shook the global AI industry.

How China could respond to Trump's new tariffs

From retaliatory tariffs on US goods like car parts and soy beans to controls on raw minerals essential for American manufacturing -- analysts say China has plenty of options if it wants to reply to fresh US levies.

Trump halts Canada and Mexico tariffs, China still targeted

US President Donald Trump delayed the start of tariffs on neighbors Mexico and Canada for a month Monday -- but China remained in the firing line for levies that are putting the global economy on edge.

Hundreds march in New York against Trump's trans policy

Hundreds of people protested in New York Monday against President Donald Trump's executive orders restricting treatment for transgender children, and reports that a local hospital group consequently cancelled appointments for two trans youths.

Musk's US government 'takeover' sounds alarm bells

Elon Musk has begun swinging his wrecking ball at the US government, with concerns growing over the unprecedented power that President Donald Trump has handed to the world's richest man.

Ecuadoran drug gangs turn to death saint for protection

Sporting gloves and a red ribbon to ward off evil, Ecuadoran police raiding a drug den apprehensively inspect an altar to Santa Muerte -- a Mexican death saint adopted by local gangs as their own talisman.

IXOPAY Appoints Yasser Abou-Nasr as SVP of Product to Drive Execution and Scale

Seasoned Fintech Leader Joins IXOPAY to Advance Product Innovation and Drive Scalable Growth in Payment Orchestration.

With boos and boycotts, Canadians voice displeasure with Trump

They're booing the American national anthem, cancelling holidays in the United States, and boycotting American products: Canadians are responding to US President Donald Trump's tariff threats with anger and patriotic spending.

Trump halts Canada, Mexico tariffs after last-ditch talks

President Donald Trump delayed the start of tariffs on Mexico and Canada for a month Monday after the US neighbors struck last-minute deals to tighten border measures against the flow of migrants and the drug fentanyl.

Beyonce's best album Grammy: a long time coming

The Grammy for Album of the Year eluded Beyonce for so many years -- despite so many critically and commercially acclaimed albums, through endless industry analysis -- that the narrative took on an aura of farce.

Trump halts Mexico tariffs as last-ditch Canada, China talks continue

US President Donald Trump delayed the start of tariffs on Mexico for one month after the two countries struck a last-minute border deal Monday -- but Canada and China are still in talks to avoid sweeping levies that have caused stock markets to slump.

French PM moves to force budget through divided parliament

Prime Minister Francois Bayrou on Monday moved to force through France's budget without a vote, a step that immediately prompted a no-confidence motion from the left in the bitterly divided parliament.

Musk takes control of US Treasury payments systems

Elon Musk's aides have taken control of the US Treasury Department's payments system -- which manages trillions of dollars of transactions each year -- sparking alarm among critics.

French director avoids time in jail despite conviction for abusing child actor

A French court Monday ordered a filmmaker to wear an electronic bracelet for two years after finding him guilty of sexually assaulting an actor when she was a child, sparing him jail time in one of the key trials of France's #Metoo movement.

Stock markets sink, dollar rallies on Trump tariffs

Stock markets tumbled while the dollar rallied and oil prices rose Monday over concerns about the global economy after US President Donald Trump launched trade wars with Canada, China and Mexico.

Berliner Tageblatt - Economy (English)