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Featured

Nigeria's Dangote raises $2.5bn to expand Africa's largest refinery

Nigeria's Dangote mega-refinery Thursday said it has secured $2.5 billion in investment from private investors to fund its expansion plans, as it widens its refining business to east Africa.

Oil soars to $100 on fresh Mideast attacks

Oil prices surged to $100 a barrel on Thursday as Tehran-backed Houthi rebels targeted Red Sea shipping and US President Donald Trump threatened to strike them in return.

Last news

IT outage hits athletes arriving for Paris Olympics

Paris Olympics organisers said on Friday they were experiencing problems linked to the global IT outage, causing difficulties in handing out accreditations to athletes and officials arriving for the Games.

Paris shops, restaurants say Olympics hammering business

Paris shops, restaurants, bars and clubs are facing an "unprecedented slump in business and footfall", trade groups said Friday, blaming in part the "heavy security measures" imposed ahead of the Olympic Games starting July 26.

Massive global IT crash hits airlines, banks, media

Airlines, banks, TV channels and other business across the globe were scrambling Friday to deal with one of the biggest IT crashes in recent years, caused by an update to an antivirus program.

One dead as Huthi-claimed drone breaches Israel defences

A drone claimed by Yemen's Huthi rebels slipped through Israel's vaunted air defence system on Friday to hit a Tel Aviv building near a US embassy annex, killing a civilian.

One dead in rare drone strike on Israel claimed by Yemen's Huthis

A drone claimed by Yemen's Huthi rebels slipped through Israel's vaunted air defence system on Friday to hit a Tel Aviv building near a US embassy annex, killing one person.

Markets fall with eyes on US election, while China disappoints

Equities sank Friday as optimism over expected US interest rate cuts was offset by uncertainty about the US presidential election and a lack of economy-boosting measures from Chinese leaders after a closely watched policy meeting.

Renewable electricity to outstrip coal next year: IEA

The amount of electricity produced from renewable sources worldwide is set to surpass output from coal-fired plants for the first time in 2025, the International Energy Agency said Friday.

Beijing vows to ease local government debt woes after key meeting

Chinese officials pledged Friday to help ease debt pressure on local governments through reforms to the tax system, after a key political gathering in the capital focused on jumpstarting the faltering economy.

Markets track Wall St loss with eyes on US race, China disappoints

Asian equities sank in line with Wall Street Friday as the optimism over expected US interest rate cuts was overshadowed by uncertainty about the presidential election and worries over China's economy.

US streaming rivals team up to catch Netflix

US video streaming companies are joining forces to attract new viewers, boost ad sales, and finally turn a profit -- something only Netflix has managed to accomplish so far.

Japan inflation rises slightly to 2.6% in June

Japanese inflation was slightly higher in June, with prices rising 2.6 percent on-year compared with 2.5 percent in May, internal affairs ministry data showed Friday.

Wall Street stocks tumble as tech rebound loses steam

Wall Street's top indices fell on Thursday as a rebound in tech shares tumbled, adding to losses triggered by fears of new trade tensions.

Nigerian president to hike minimum wage as living costs rise

Nigeria's President Bola Ahmed Tinubu agreed on Thursday to more than double the monthly minimum wage to 70,000 naira ($43) as the country struggles with a severe cost of living crisis.

ECB leaves September options 'wide open' after rate pause

The European Central Bank is keeping options "wide open" for September, president Christine Lagarde said, after holding interest rates steady Thursday in the wait for more evidence that inflation was on the right track.

'Extremely important' US keeps backing Ukraine: NATO chief

NATO Secretary General Jens Stoltenberg on Thursday said it was "extremely important" that the United States maintains its backing for Ukraine, after former president Donald Trump chose a sceptic of aiding Kyiv as his election running mate.

EU chief von der Leyen wins second term

European Commission President Ursula von der Leyen on Thursday won a second five-year term that she promised would see the EU bolstering its defence capability, strengthening its industry and tackling a housing crisis.

India's Infosys beats profit estimates as client spending rises

Indian IT giant Infosys raised its annual revenue guidance Thursday after reporting a 7.1 percent on-year rise in net profit for the June quarter, signalling a gradual revival in client spending.

UK's Starmer pledges European reset at summit

UK Prime Minister Keir Starmer on Thursday vowed to renew relationships with European allies soured by Brexit as he welcomed dozens of leaders to a summit designed to reaffirm backing for Ukraine and tackle irregular migration.

EU chief puts defence, industry at heart of re-election pitch

European Commission President Ursula von der Leyen on Thursday made her final pitch to win EU lawmakers' backing for a second term, vowing to bolster Europe's defence and strengthening its industry through greater investment.

Taiwan's TSMC second-quarter net profit jumps on Gen AI demand

Taiwan chip giant TSMC said Thursday net profit jumped by more than a third in the second quarter of 2024, buoyed by global demand for generative artificial intelligence products.

Asian markets mixed after Wall St retreat, tech hit by chip fears

Tech firms took a hit Thursday following big losses for their Wall Street-listed counterparts after a report that the White House would target firms supplying China with key semiconductor technology, and Donald Trump's comments on crucial chip supplier Taiwan.

Top South Korea court hands gay couple 'historic' win on spouse rights

South Korea's Supreme Court recognised new rights for same-sex couples Thursday, saying the state must provide health insurance for a gay man's partner in a landmark ruling that left activists weeping for joy.

'Saint or devil': return of wolf stirs debate in Europe

Who's afraid of the big bad wolf?

South Korea court recognises rights of same-sex couples

The EU's women-led top team

Ursula von der Leyen, who is expected to be confirmed as European Commission president for a second term on Thursday, is one of three women in the five top European Union jobs.

Cambodia looks to 'breathe' with controversial new canal

Dust covers everything in Lim Tong Eng's yard, thrown up by excavators toiling next door to enlarge a channel that Cambodia's government hopes will soon be a major shipping canal.

Disneyland workers threaten strike action over wages, treatment

More than 200 Disneyland Resort employees protested outside the world-famous California theme parks Wednesday, calling for better wages and denouncing alleged anti-union practices by the company ahead of a looming strike vote.

Boeing workers give initial greenlight to strike if talks fail

Thousands of Boeing hourly workers voted in Seattle to authorize a potential labor strike if ongoing contract negotiations stumble, a union statement said Wednesday.

United to trim US capacity as profits rise

United Airlines reported higher quarterly profits Wednesday but announced it would trim US capacity later this year as the industry contends with a seat glut that has pressured fares.

French church's best-known humanitarian accused of sexual assault

France's best known priest, the late Abbe Pierre, a revered and beloved champion of the homeless, has been accused of sexually assaulting several women and a girl, his charities said Wednesday.

Vance's 'Hillbilly Elegy' gave voice to an America left behind

When J.D. Vance's memoir "Hillbilly Elegy" was published in 2016, the book was widely cited as a key insight into understanding how America elected Donald Trump as president that year.

Europe stocks dented by UK inflation; gold hits new peak

Europe's stock markets slid Wednesday as stronger-than-expected UK inflation data doused hopes of a British interest rate cut any time soon.

Berliner Tageblatt - Economy (English)