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Featured

NATO to overhaul European fuel pipeline network

NATO countries have agreed a 27-billion-euro overhaul of their fuel network to supply forces in Europe in coming decades, in a move Romania hailed on Thursday as "essential" for security.

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.

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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.

Asian traders struggle to match Wall St record as Trump odds grow

Asian 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.

Beijingers feel the pinch as economic data disappoints

Shopping online, skipping meals out and a general sense that decades of double-digit growth are very much a thing of the past -- Beijingers told AFP Monday they were feeling the pinch as the economy slowed.

Dow ends at record as luxury share weakness hits European bourses

The Dow finished at a record Monday as markets weighed the impact of the failed assassination attempt on Donald Trump, while European bourses came under pressure from weakness in the luxury sector and disappointing Chinese economic data.

Recent data adds to Fed confidence on cooling inflation: Powell

Federal Reserve Chair Jerome Powell said Monday that recent data lifts the central bank's confidence that inflation is coming down towards its two percent target -- a trend that signals interest rate cuts on the horizon.

Female genital mutilation: entrenched ritual with devastating effects

Lawmakers in the West African nation of The Gambia have rejected a highly controversial push to try overturn a ban on female genital mutilation.

Stocks wobble, dollar mixed as traders weigh Trump shooting

Equity markets and the dollar wavered Monday as investors mulled the impact of the assassination attempt on Donald Trump, while the luxury goods sector was slammed by plunging profits at both British fashion label Burberry and Swiss watch group Swatch.

Swatch profits plunge as China luxury crisis bites

Swiss watch group Swatch saw its first half profits plunge due to the luxury market crisis in China and warned Monday the key market was likely to remain difficult throughout the rest of the year.

Belgrade's sewage problem festers despite pledges

The sight of ducklings struggling to swim in Belgrade's stinking sewage-choked rivers is one residents hope a long-promised wastewater treatment plant will make a thing of the past.

Austria pivots towards mountain bike tourism as Alps warm

Mountain bikers hurried on a summer day to catch the last gondola up the mountain at one of Austria's top Alpine resorts, loading their bikes onto racks usually reserved for skis.

Greece fears water shortages after warmest winter ever

After Greece's warmest winter and earliest heatwave on record, authorities are sounding the alarm over the risk of dire water shortages in the heat of the Mediterranean summer.

Stocks mixed, dollar rises as traders weigh Trump shooting

Asian markets were mixed Monday as investors weigh the impact of the assassination attempt on Donald Trump with data suggesting it has boosted his chances of being re-elected president.

China's leaders to meet, with all eyes on struggling economy

Top Chinese officials gather in Beijing on Monday, with all eyes on how they might kickstart lacklustre growth at a key political meeting that has historically seen officials unveil big-picture economic policy changes.

DAZN and beIN Sports acquire Ligue 1 TV rights

British platform DAZN and Qatari channel beIN Sports have acquired the TV rights to French football's top-flight Ligue 1 for at least the next two seasons, a source close to the negotiations told AFP on Sunday.

Pressure cooker: Milwaukee braces for Trump convention

Residents and volunteers were urging a lowering of tensions Sunday in Milwaukee as Republicans descend on the city for their national convention just a day after Donald Trump survived an assassination attempt at a campaign rally.

'Degraded profession': Serbia teachers rattled by attacks

Teacher Snezana Djurickovic was bidding goodbye to students after their school trip when one child's parents mauled her in a ferocious attack that unions say is on the rise in Serbia.

Pakistan pledges $7 billion IMF aid deal will be its last

The International Monetary Fund has agreed to loan Pakistan $7 billion to bolster its faltering economy, with Islamabad pledging Saturday it would be the last time it relied on relief from the Washington-based lender.

Meta lifts restrictions on Trump's Facebook and Instagram accounts

Meta said Friday it was lifting restrictions on US presidential candidate Donald Trump's Facebook and Instagram accounts, ending measures put in place after his supporters violently stormed the US Capitol in 2021.

China launches online crackdown on 'harmful' content targeting children

China on Saturday announced a new crackdown on its tightly controlled internet, taking aim at video apps and social media platforms to purge content deemed harmful to children.

Crucial farm jobs dry up in drought-stricken Morocco

In a sun-baked village north of Morocco's capital Rabat, Mustapha Loubaoui and other itinerant workers wait idly by the roadside for farm work made scarce by a six-year drought.

US stocks flirt with fresh records, rebounding yen hits Nikkei

Global stock markets mostly powered ahead on Friday, lifting the Dow above 40,000 and near a fresh record despite disappointing US inflation data and a lackluster market reaction to American bank earnings.

Southwest Airlines unveils electric air taxi venture

US carrier Southwest Airlines plans to jointly develop a fleet of electric air taxis to serve the California market with transportation startup Archer Aviation, the companies announced Friday.

Musk's X misleads users with blue checks, EU charges

Tech billionaire Elon Musk's X platform is deceiving users with its blue checkmarks for certified accounts, and is also violating EU content rules, Brussels said Friday, in a finding that could lead to hefty fines.

Mixed profits at US banks amid weaker signs from low-income customers

JPMorgan Chase and Citigroup reported increased second-quarter profits Friday despite somewhat higher costs to account for bad loans in light of greater stress on lower-income customers.

Global stock markets mostly advance, Tokyo tanks as yen rebounds

Global stock markets mostly advanced on Friday as traders increasingly expect the US Federal Reserve to cut interest rates.

Cheers! England's pubs toast sales boost due to Euro final

UK pubs packed with England football fans hoping their team beats Spain in Sunday's Euro 2024 final will toast a near £50-million ($65-million) sales boost, an industry body forecast.

Rwandan mother aims to prove that politics is for all

Her three-month-old daughter swaddled on her back, Jeanne d'Arc Nyiramahirwe is determined to make her voice heard as she runs for a parliamentary seat in Rwanda's elections.

European stock markets extend gains

European stock markets on Friday extended recent gains but Tokyo tanked with focus firmly on central bank activity.

TotalEnergies Uganda oil project 'devastating': conservationist

Production has yet to begin, but TotalEnergies' controversial East African oil project is already taking a dire environmental toll in Uganda's largest national parks, a leading conservationist group said Friday.

Ericsson posts $1bn quarterly loss on Vonage write down

Swedish telecommunications equipment manufacturer Ericsson said Friday it had suffered a $1.0 billion quarterly loss after writing down the value of its purchase of US cloud-based communications operator Vonage.

Day labourers seek dwindling jobs pre-dawn in Shanghai suburb

A dozen men crowded around an employment agent early in the morning in suburban Shanghai, waving their identification cards as they scrambled to secure a 12-hour shift at a warehouse.

Kardashians in India for billionaire wedding gala

Socialite sisters Kim and Khloe Kardashian were among the global celebrities spotted in India on Friday to attend a lavish three-day wedding ceremony staged by Asia's richest man Mukesh Ambani.

Berliner Tageblatt - Economy (English)