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Oil soars above $100 as Middle East fears grow

Oil prices surged past $100 a barrel on Thursday as Iran-backed Houthi rebels targeted Red Sea shipping and threats by US President Donald Trump to strike them in return sent equity markets slumping.

Swelling jet fuel costs hit American Airlines outlook

American Airlines lowered its annual profit outlook Thursday, hitting shares while the carrier pointed to swelling jet fuel costs as a negative counterweight to healthy travel demand.

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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.

HSBC bank promotes Elhedery to CEO

HSBC on Wednesday said its chief financial officer Georges Elhedery would step up to the role of chief executive as the Asia-focused banking giant looks to drive growth.

FIFA says opening probe into Argentina players' racist chants

FIFA said on Wednesday it was opening an investigation into racist chants by Argentina players after they won the Copa America.

King Charles to set out new UK govt to-do list

King Charles III will outline Labour's first programme for government in a decade and half on Wednesday when the UK parliament formally reopens following the July 4 election.

EU court rejects TikTok challenge against new EU digital rules

TikTok lost an appeal Wednesday to escape new digital rules that seek to rein in the power of big tech after an EU court rejected its challenge.

'Unnoticed, catastrophic': Rising opioid fears in Eastern Europe

Eastern Europe, once seen as immune to the opioid crisis wreaking havoc across North America, has been ramping up its fight against the rise of the dangerous, synthetic drugs.

Urban streetwear brand Supreme to go to French-Italian group

World eyewear leader EssilorLuxottica has agreed to buy Supreme, an American fashion and lifestyle brand focused on streetwear, by the end of the year, it said Wednesday.

Richemont: luxury group in sights of LVMH'S Arnault?

The Swiss luxury group Richemont, which owns Cartier and other jewellery brands, is regularly the subject of takeover rumours which its founder, the South African billionaire Johann Rupert, always dismisses.

Israeli settlement threatens Palestinian UNESCO village

On a hillside near Palestinian landowner Olayan Olayan's olive groves, young Israeli settlers are hammering out a new, illegal outpost in a UNESCO-protected zone.

Boeing workers to vote on authorization of potential strike

Tens of thousands of Boeing hourly workers have been called Wednesday for a vote in Seattle expected to authorize a potential labor strike if ongoing contract negotiations stumble.

Spain's Aragon, Europe's new cloud storage oasis

The world's biggest technology firms are investing billions in cloud storage facilities in the northeastern Spanish region of Aragon, drawn to its abundance of renewable energy sources.

Danish insect farm sets sights on feeding Europe's livestock

At the end of a small country road in Denmark is the "Enorm" factory, an insect farm set up by a Danish woman who wants to revolutionise livestock feed.

Snakes on a plate: pythons touted as protein alternative

In a warehouse in the lush humid farmlands of central Thailand, thousands of pythons lie coiled in containers, rearing and striking at the glass as people pass by.

HSBC names CFO Elhedery as next chief executive

HSBC on Wednesday named chief financial officer Georges Elhedery as the bank's next chief executive to drive "the next phase of development and growth".

Sierra Leone rangers fight uphill battle against deforestation

As the rainclouds descend on Sierra Leone's tropical Kambui forest, a handful of khaki-clad rangers assemble for their daily patrol in the fight to preserve the West African country's dwindling wilderness.

Stocks, dollar swing as rate bets offset by Trump inflation talk

Equities and the dollar were rangebound Wednesday while gold hit a fresh record as expectations for a US interest rate cut played up against the prospect of another Donald Trump presidency that analysts say could see inflation-fuelling tax cuts and tariffs.

Dow soars to fresh record while gold prices hit all-time high

The Dow rocketed to a fresh record Tuesday while gold prices also hit an all-time peak, as rising expectations for Federal Reserve interest rate cuts in 2024 lift Wall Street to new heights.

Musk leads Silicon Valley rally behind Trump

Elon Musk's decision to throw his vast fortune behind Donald Trump's presidential candidacy confirms the rise of a growing right-wing bloc in the traditionally liberal Silicon Valley.

Hermes v Hermes: Turkey bookshop marks win in copyright fight

A bookseller in Turkey notched a victory over a French luxury house in a copyright battle to be able to call itself Hermes, the shop's lawyer said Tuesday, hailing an infrequent win against a major brand.

Paris airport staff call off pre-Olympics strike

Paris airport workers have called off a strike that would have disrupted travel just ahead of the Olympic Games after reaching a deal on bonuses, labour and management said Tuesday.

IMF maintains 2024 global growth forecast, warns of inflation risk

The IMF held global growth expectations for 2024 steady in a report Tuesday even as it cut forecasts for the United States and Japan, while warning of inflation risks and trade tensions ahead.

French rugby sets 'zero tolerance' policy after horror tour to Argentina

Florian Grill, the president of the French Rugby Federation (FFR), declared on Tuesday that the sport would impose a "zero tolerance" policy towards anti-social behaviour from players.

Serbia greenlights disputed lithium mining project

Serbia's government on Tuesday said operations can restart at a disputed lithium mining project, days after a top court ruling overturned a 2022 cancellation of its permits.

Kenyan court orders suspected serial killer to be held for 30 days

A Kenyan court on Tuesday ordered a man who police said has confessed to murdering and dismembering 42 women to be detained for 30 days while the investigation continues.

US retail sales flat in June as consumption cools

Retail sales in the United States slipped less than analysts anticipated in June on a weaker performance in the auto and gas segments, government data showed Tuesday.

UK judge asks prosecutors to consider charges in bitcoin inventor case

A UK judge said Tuesday he will ask prosecutors to consider perjury and forgery charges against an Australian computer scientist who falsely claimed to be "Satoshi Nakamoto", the pseudonym used by the creator of the cryptocurrency bitcoin.

Equities mixed as odds grow on Trump presidency

Stock markets fluctuated Tuesday as rising expectations that Donald Trump will return to the White House played up against expectations that the Federal Reserve will cut US interest rates at least once this year.

Equities mixed, dollar up after Wall St record as Trump odds grow

Markets fluctuated Tuesday as rising expectations that Donald Trump will return to the White House played up against fresh hopes that the Federal Reserve will cut interest rates at least once this year.

Cartier-owner Richemont says China sales tumble 27%

Cartier-owner Richemont said Tuesday its quarterly sales in China tumbled by 27 percent as the deepening economic malaise in the world's second-largest economy lashes luxury firms.

Nickel hub 'apocalyptic' for uncontacted Indonesia tribe, say NGOs

Deforestation at one of Indonesia's largest nickel processing hubs is threatening an Indigenous group that is among the country's last uncontacted tribes, rights groups allege.

Berliner Tageblatt - Economy (English)