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Featured

EU economy chief doubtful Russian diesel exports will affect prices

EU economy chief Valdis Dombrovskis told AFP on Tuesday that Russian diesel sales recently authorised by the United States were unlikely to move the price of the commodity, which has spiked since the start of the Iran war.

B2PRIME Expands Tier-1 Access and Liquidity Architecture for Sophisticated Institutional Flow

B2PRIME Group, a global financial services provider for institutional and professional clients, has announced a material expansion of its institutional liquidity architecture.

Last news

Asian markets mixed after subdued pre-holiday shift on Wall St

Asian markets diverged Thursday as investors brushed off a negative lead from Wall Street while welcoming a drop in Treasury yields and data showing US inflation was holding steady.

Orban's soft power shines as Hungary hosts Israeli match

Since the start of the Israel-Hamas war in October last year, many home fixtures of Israel's national football team and clubs have been moved to Hungary.

'Retaliate': Trump tariff talk spurs global jitters, preparations

Donald Trump's tariff threats have rattled foreign businesses and governments, with many fearing it could signal the opening salvo of an all-out trade war when he returns to the White House next year.

'Anti-woke' Americans hail death of DEI as another domino topples

America's largest private employer, Walmart, is the latest name to join a list of US businesses and institutions rethinking programs to bolster minority groups as support for progressive policies erodes.

Truckers strike accusing Wagner of driver death in Central African Republic

Soaring prices have left a bitter taste in shoppers' mouths at a market in Bangui, as a strike by Cameroonian truckers accusing Russia's infamous Wagner mercenaries of a recent murder cuts off the Central African Republic (CAR).

London police say 90 victims identified in new Al-Fayed probe

London's Metropolitan Police confirmed Wednesday that it had opened a new investigation into sexual assault claims against the late Harrods owner Mohamed Al-Fayed, which has so far identified 90 victims.

Mexico president hails 'excellent' Trump talks after US tariff threat

Mexico's president discussed migration and drug trafficking with US President-elect Donald Trump on Wednesday -- two issues he had raised as justification for raising import tariffs on America's southern neighbor.

Coffee price heats up on tight Brazil crop fears

The price of Arabica coffee hit the highest level since 1977 on Wednesday, approaching a record high as drought in top producer Brazil this year hits supplies.

Canadian fund drops bid for Spanish pharma firm Grifols

Canadian investment fund Brookfield said Wednesday it has dropped its bid for Spanish pharmaceutical firm Grifols following disagreement over its valuation.

Mexico says Trump tariffs would cost 400,000 US jobs

Mexico said Wednesday the United States will be shooting itself in the foot if President-elect Donald Trump implements his threats to impose 25-percent tariffs on Mexican imports.

Car-centric Saudi to open first part of Riyadh Metro

Saudi Arabia announced Wednesday it is ready to open the first part of the Riyadh Metro, a major project intended to help shift the car-centric kingdom to public transport.

Spain factory explosion kills three, injures seven

An explosion in a plastics factory near the southeastern Spanish city of Alicante killed three people and injured seven on Wednesday, emergency services said.

US Fed's favored inflation gauge ticks up in October

US inflation -- set to be a key issue for incoming president Donald Trump -- accelerated slightly last month, according to data published Wednesday, underscoring price pressures in the world's largest economy.

Volkswagen to sell operations in China's Xinjiang

German car giant Volkswagen said Wednesday it would sell its operations in China's Xinjiang region, where Beijing has been accused of widespread human rights abuses including forced labour.

EasyJet annual profit rises 40% on package holidays

British no-frills airline EasyJet on Wednesday reported a 40-percent rise in annual net profit on strong demand for its package holidays.

Greeks finally get Thessaloniki metro after two-decade wait

Greece's second city Thessaloniki will unveil its new subway system more than a decade late on Saturday after the project was dogged by archaeological challenges and financial difficulties.

New EU commission to get all clear with big push on defence and economy

EU chief Ursula von der Leyen warned Wednesday that Europe has "no time to waste" to boost its defences and competitiveness, as European lawmakers prepared to greenlight her new executive to start work.

Australia takes step to ban under 16s from social media

Australian lawmakers moved a step closer to banning under 16s from social media platforms Wednesday, threatening companies that fail to comply with multimillion-dollar fines.

Volkswagen says to sell operations in China's Xinjiang

German car giant Volkswagen said Wednesday it would sell its operations in China's Xinjiang region, where Beijing has been accused of widespread human rights abuses including forced labour.

Ireland has a cultural moment, from rock and books to cinema

From Sally Rooney's bestsellers to actor Paul Mescal, Ireland, which holds a general election this week, has been enjoying a cultural and creative renaissance in recent years.

Vietnamese EV maker Vinfast reports $550 million Q3 loss

Vietnamese electric vehicle manufacturer VinFast reported a net loss of $550 million for the third quarter, less than the same period last year as the firm recorded an uptick in sales.

Five forgotten conflicts of 2024

The wars in the Mideast and Ukraine-Russia have dominated world headlines in 2024 but several other conflicts are ravaging countries and regions.

Trump names trade envoy, top economic advisor to fill policy team

Donald Trump on Tuesday named Jamieson Greer his trade representative, a key figure in implementing the president-elect's economic agenda, particularly his plans to use tariffs to raise revenue and help bring more manufacturing to US shores.

China expected to hit peak coal consumption in 2025: report

China's coal consumption could peak by 2025 as the world's top consumer of the fossil fuel ramps up its push for clean energy, a report published on Wednesday said.

What to expect from the new EU top team's first 100 days

Ursula von der Leyen's new European Commission is expected to officially start its work next week, with the European Parliament set to give it the all-clear in Strasbourg on Wednesday.

New EU commission to get all clear as daunting task awaits

The European Parliament is set Wednesday to give the final greenlight for EU chief Ursula von der Leyen's new executive to start work, as the bloc faces mounting challenges.

German family winery taps into zero-alcohol trend

Alcohol-free drinks are becoming ever more popular, especially with health-conscious younger people -- a trend cheered by a small German winery based in a Rhine Valley castle.

Paddington: the affable bear who became a lucrative business

Paddington, the affable clumsy bear from British children's books, has transformed into an international sensation over the past decade, thanks to a clever film strategy and with the help of the royal family.

Asian markets mixed as traders eye fresh trade tensions

Asian markets were mixed Wednesday as traders tried to gauge the economic outlook after Donald Trump picked a tough-negotiating hawk as his trade envoy the day after saying he would hit China, Canada and Mexico with hefty tariffs.

Bolivia announces $1 bn deal with China to build lithium plants

Bolivia said Tuesday it had signed a $1 billion deal with China's CBC, a subsidiary of the world's largest lithium battery producer CATL, to build two lithium carbonate production plants in the country's southwest.

Austria's "Breaking Grounds - Social Change through Sport" Receives Recognition from UNAOC-BMW Group's Intercultural Innovation Hub

"Breaking Grounds - Social Change through Sport", based in Austria, is one of ten global grassroots initiatives recognized by the prestigious Intercultural Innovation Hub, a joint initiative of the United Nations Alliance of Civilizations (UNAOC) and the BMW Group, implemented with the support of Accenture, during a Ceremony held in the framework of the 10th UNAOC Global Forum in Cascais, Portugal under the theme "United in Peace: Restoring Trust, Reshaping the Future - Reflecting on Two Decades of Dialogue for Humanity". The Forum convened prominent figures, political leaders, UN officials including the United Nations Secretary-General, António Guterres, as well as representatives from civil society, academia, and the private sector, to share insights and reflect on the 20 years of the United Nations Alliance of Civilizations' impactful work.

Trump tariffs threat casts chill over Canada

Canada was scrambling Tuesday to blunt the impact of US President-elect Donald Trump's threat to implement steep tariffs once he takes office, as experts warned of a potentially "catastrophic" hit to the Canadian economy.

Berliner Tageblatt - Economy (English)