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Repsol says profit more than triples on higher oil prices

Spanish energy giant Repsol said Thursday it net profit in the first half of the year more than tripled, boosted by a surge in oil and gas prices due to the Middle East conflict.

Renault says sales stalled in first half

French auto giant Renault said Thursday that global sales stalled in the first six months of the year, held back by weaker Dacia sales in Europe.

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Eurozone inflation unexpectedly rises in July

The eurozone's annual inflation rate unexpectedly edged up in July due to rising energy costs, official data showed on Wednesday.

Yen rallies after Japan hikes rates, stocks up as eyes turn to Fed

The yen rallied against the dollar Wednesday after Bank of Japan hiked interest rates for the second time in 17 years, while equity markets climbed on growing hopes for a cut in US borrowing costs.

World Bank approves $1.5 billion Ethiopia rescue package

The World Bank has approved a $1.5 billion financial package to support cash-strapped Ethiopia's economic reform programme after officials loosened curbs on the local currency.

Tanzania evicting tens of thousands of Maasai: HRW

Tanzania is forcibly evicting tens of thousands of Maasai from their ancestral lands, Human Rights Watch said in a report on Wednesday, claiming that government rangers beat some members of the community with impunity.

Bank of Japan raises interest rate for second time in 17 years

The Bank of Japan further unwound its massive monetary easing programme on Wednesday by hiking interest rates for only the second time in 17 years and indicating plans for more if the economy performs as officials expect.

HSBC records $21.6 billion pre-tax profit in first half 2024

Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year's record performance.

Yen rises after Japan hikes interest rates, eyes turn to Fed

The yen rose against the dollar Wednesday after Bank of Japan hiked interest rates for the second time in 17 years, while equity markets in Asia rose on growing hopes for a cut in US borrowing costs.

Bank of Japan raises key interest rate for second time in 17 years

The Bank of Japan lifted its main interest rate Wednesday for just the second time in 17 years in another step away from its long-standing ultra-loose monetary policies.

Samsung Electronics Q2 shows fastest growth in over a decade

Samsung Electronics said Wednesday it registered its fastest growth since 2010, with operating profits soaring for the second quarter, as chip prices bounce back and demand for generative AI continues to grow.

Greece tries to tempt its emigrants back home

When Konstantinos Tsanis got his doctorate in finance in 2011 at the height of Greece's debt crisis, his chances of a well-paid job at home were pretty thin.

US Fed expected to pause again and hint at September rate cut

The US Federal Reserve is highly unlikely to waver from its position of holding interest rates at a two-decade high on Wednesday, but could drop hints about a September start to rate cuts.

Samsung Electronics says Q2 operating profits soar to $7.5 billion

Samsung Electronics said Wednesday that its operating profits soared fifteen-fold to $7.5 billion for the second quarter, as chip prices bounce back and demand for generative AI continues to grow.

Starbucks profits fall again but CEO says turnaround underway

Starbucks reported lower profits Tuesday behind broad-based sales declines, but shares rose as the company said a turnaround was on track.

Clashes break out as third child dies in UK knife attack

Violent clashes broke out on Tuesday in the northern England town where a mass stabbing at a Taylor Swift-themed dance event claimed the lives of three children.

P&G eyes overall sales growth despite China weakness

Procter & Gamble projected revenue growth over the next 12 months as the consumer products giant reported mixed results Tuesday, with solid US and European sales offset by continued weakness in China.

Activists celebrate LGBTQ Olympians in 'city of all loves'

On the shores of the River Seine, a fan zone dotted with rainbow-themed paraphernalia hopes to draw in the crowds to celebrate a record number of openly LGBTQ athletes at this year's Olympics.

With Games in full swing, opening ceremony controversy simmers on

The controversy over the iconoclastic opening ceremony of the Paris Olympics is refusing to abate days into the Games, with conservative political figures worldwide condemning a show that has been staunchly defended by President Emmanuel Macron and its creators.

Airbus first-half net profit halved to 825 mn euros

Airbus said Tuesday that its net profit in the first half year fell 46 percent to 825 million euros ($890 million), dragged down by a massive writedown in its space operations.

Stock markets mostly higher before key earnings, rate calls

Leading stock markets mostly rose Tuesday ahead of a slew of interest-rate decisions and earnings from big companies.

German economy unexpectedly shrinks in second quarter

The German economy unexpectedly shrank in the second quarter, preliminary data showed Tuesday, falling further behind as a recovery takes hold elsewhere across the eurozone.

Third child dies following mass stabbing in UK

A third child died on Tuesday and five others remained critically injured after a knife attack on a Taylor Swift-themed dance event in a quiet seaside community in northern England, police said.

Spain watchdog fines Booking.com 413 mn euros

Spain's competition watchdog said Tuesday it had slapped online travel agency Booking.com with a record 413-million-euro fine for "abusing its dominant position" during the past five years.

UK police question teen held after deadly mass stabbings

UK police on Tuesday questioned a 17-year-old suspect arrested after a "ferocious" knife attack which killed two children and critically injured eight others.

Chinese leaders pledge further support for flagging economy

President Xi Jinping and other Chinese leaders stressed the need for further reform to support economic activity and the country's ailing property sector, state media reported Tuesday, following a key meeting centred on boosting growth.

France, Spain log solid growth in second quarter

The French economy grew faster than expected in the second quarter, official data showed Tuesday, giving a boost to the eurozone.

India's 'visa temple' bestows tickets to the American dream

Some gods grant riches and others good luck, but one deity in India offers a much less nebulous fortune to his devotees: tickets to a new life in the United States.

Drought in Sicily threatens grain fields, animal herds

A crushing drought in Sicily has withered fields of grain, deprived livestock of pasture land and fanned a spate of wildfires, causing damage already estimated at 2.7 billion euros this year.

Belgium flexes its new locally sourced mussels

It is a popular tradition to eat mussels in Brussels but what may surprise many is that none of the molluscs visitors enjoy are locally sourced in Belgium.

Two children dead, six critically injured in UK knife attack

Two children have been killed and nine more injured, six critically, in a knife attack at a dance class in northern England on Monday, police said.

Profits fall at McDonald's as it redoubles value push

Fast food giant McDonald's vowed Monday to win back consumers with better value offerings after it reported a rare sales decline that the company partly attributed to an exodus of inflation-weary low-income consumers.

UK warns of extra £22bn hole in public finances

Britain's Labour finance minister Rachel Reeves declared Monday that the public finances face an extra £22-billion hole inherited from the previous Conservative administration and warned of "difficult decisions" ahead to cut spending or hike taxes.

Stocks rally runs out of puff as focus turns to interest rates

A rally on stock markets lost its legs Monday as investors looked ahead to key interest-rate decisions this week in the United States and elsewhere.

Berliner Tageblatt - Economy (English)