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Tokyo, Taipei lead losses as Asian markets suffer fresh tech rout

Tokyo and Taipei led heavy losses on a glum day for Asian markets Friday, with tech firms once again in the crosshairs as investors cash in following this year's breathtaking rally.

Volvo Cars sees declining sales in 'challenging' environment

Swedish carmaker Volvo Cars on Friday reported a drop in sales in the second quarter, noting a "very challenging environment," but said it expected sales to pick up in the second half of the year.

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Venezuela arrests ex-oil minister accused of US links

Venezuela on Monday announced the arrest of a former oil minister accused of links to a firm controlled by US intelligence services -- the latest scandal to shake the crisis-hit country's energy sector.

Disney expects to name Iger's successor in early 2026

Disney said Monday it will name Bob Iger's successor as chief executive in early 2026 as it tapped former Morgan Stanley CEO James Gorman as chairman of the entertainment giant.

Power restored to half of Cuban capital after nationwide blackout: state media

Electricity has been restored to half of Havana, the Cuban capital's power company reported Monday, four days after the start of a nationwide blackout that authorities have struggled to address.

Electricity restored to 50% of Havana after nationwide blackout: Cuba state media

Electricity has been restored to half of Havana, the Cuban capital's power company reported Monday, four days after the start of a nationwide blackout that the authorities have struggled to address.

Stock markets slide, oil jumps as China cuts rates

Major stock markets mostly dropped Monday on profit-taking and oil prices jumped as traders weighed fresh interest-rate cuts from China's central bank aimed at reigniting the world's second-biggest economy.

French govt takes new blows over deal to sell painkiller maker to US fund

French drugmaker Sanofi's confirmation that it will sell a ctrolling stake in its consumer health unit to a US investment fund sparked a new political backlash Monday, stoked by fears the deal marks a loss of sovereignty over key medications.

France bristles at painkiller maker's sale to US fund

French drugmaker Sanofi's Monday confirmation that it plans to sell a controlling stake in its over-the-counter unit to a US investment fund sparked a new political backlash, stoked by fears the deal marks a loss of sovereignty over key medications.

Asian markets mixed as traders digest China rate cut

Asian markets started the week on a mixed note Monday as traders weigh Chinese central bank interest rate cuts aimed at reigniting the world's number two economy, while gold hit a record high on geopolitical concerns.

Sanofi pursues sale of painkiller after political controversy

Sanofi confirmed on Monday plans to sell a controlling stake in its over-the-counter unit to a US investment fund, after employment and investment guarantees relieved political controversy.

Asian markets fluctuate as traders digest China rate cut

Asian markets swung Monday as traders weigh Chinese central bank interest rate cuts aimed at reigniting the world's number two economy, while gold hit a record high on geopolitical concerns.

China's central bank cuts two key rates to boost economy

China's central bank on Monday said it had cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world's second-largest economy.

'Smile 2' scares up the biggest audiences in N.American theaters

Paramount's new horror film "Smile 2" has surpassed its successful predecessor, taking in an estimated $23 million in North American theaters this weekend, industry watcher Exhibitor Relations reported Sunday.

Eight-storey building collapses in Kenyan capital

A residential building collapsed in the Kenyan capital Nairobi on Sunday, leaving several people feared trapped, county officials and emergency responders said.

Hurricane set to hit Cuba amid national blackout

A hurricane was bearing down on Cuba Sunday as the island nation's authorities scrambled to restore power following a massive nationwide outage.

New rules drive Japanese trucking sector to the brink

Fujio Uemura has to rest after driving fish all night to Tokyo, under new rules that trucking firms and experts say are crippling Japan's logistics sector and risk pushing up prices for consumers.

Boeing and workers reach tentative deal to end strike

Boeing and its striking Seattle-area workers have reached a tentative deal to end a more than month-long stoppage, the union said Saturday.

Blackout drags on for second day in Cuba

Cuba remained without electricity Saturday as a nationwide power outage dragged on for a second day.

Japan 'zombie' train spooks passengers ahead of Halloween

It's usually a serene two-and-a-half-hour ride on Japan's famously efficient bullet train. But the journey quickly descended into a zombie apocalypse, with passengers screaming in terror.

Netanyahu residence targeted as Hezbollah launches barrage at Israel

Israel said a drone targeted Prime Minister Benjamin Netanyahu's residence on Saturday, as Hezbollah launched a barrage of projectiles into Israel from its northern neighbour Lebanon.

Electricity blackout puts Cubans on edge

Cuban Tania Ramirez walks alone along Havana's famous Malecon promenade to relieve the stress wrought by the massive blackout that has plunged the entire island into darkness.

Power plant failure triggers blackout across cash-strapped Cuba

Cuba was plunged into a nationwide blackout Friday after the island's biggest power plant failed, the energy ministry said, coming on the heels of weeks of extended outages across the cash-strapped country.

US budget deficit widens to $1.8 tn, third highest on record

The United States on Friday reported a budget deficit of $1.8 trillion for the past year, widening from 2023's level on greater spending, including for interest on the public debt.

Harris targets Trump's age after report of exhaustion

Kamala Harris questioned Donald Trump's fitness for office Friday as the oldest major-party White House candidate in history faced speculation that he is "exhausted" after backing out of a spate of interviews.

Cuba experiences nationwide blackout after power plant failure

Cuba was plunged into a nationwide blackout on Friday after the island's biggest power plant failed, the energy ministry said, coming on the heels of weeks of extended outages across the economically devastated country.

Father of One Direction star Payne arrives in Argentina

The father of One Direction pop singer Liam Payne, whose death in a fall from a hotel balcony in Buenos Aires shocked the music world, arrived in Argentina on Friday, police sources told AFP.

Stock markets mixed as investors weigh earnings, China GDP

Global stock markets took different directions on Friday as investors weighed better-than-expected Chinese economic growth data, a eurozone interest-rate cut and corporate earnings.

Hamas mourns Sinwar, vows no hostage release until war ends

Hamas vowed on Friday it would not release the hostages it seized during its October 7 attack on Israel until the Gaza war ends, as it mourned the death of its leader, Yahya Sinwar.

P&G profits dip, says China recovery will take time

Procter & Gamble reported a decline in profits on slightly lower sales Friday as the company said a recovery in China was still a number of quarters away.

US regulator probes Tesla's self-driving mode after crashes

The US auto safety regulator said Friday that it has opened an investigation into Tesla's Full Self-Driving (FSD) software after receiving four reports of crashes, one of which involved a pedestrian being struck and killed.

Global stock markets rise on China hopes

Most Asian and European stock markets rose Friday after Chinese economic growth data beat forecasts and officials flagged fresh measures to boost the world's second biggest economy.

Stellantis workers march in Italy over production slump

Thousands of Stellantis workers went on strike Friday and protested in Rome over temporary layoffs and production stoppages by the maker of Fiat and Jeep in Italy.

Meta unveils AI tie-up with horror movie producers

Tech giant Meta has unveiled a partnership with horror film production company Blumhouse to road-test its latest AI video tool.

Berliner Tageblatt - Economy (English)