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Stocks suffer fresh blow as markets hit by perfect storm

Asian markets sank Friday to track a selloff on Wall Street as world markets are battered by a perfect storm of the resurgent Middle East war, a spike in oil prices back past $100 and worries about the AI investment boom.

Over 80% of Mexican exports exempt from new US tariffs

Over 80 percent of Mexican exports to the United States will be exempt from a new round of tariffs announced by Washington, Mexican Economic Secretary Marcelo Ebrard said Thursday.

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Senior US Fed official optimistic about inflation fight

A senior Federal Reserve official said Tuesday that she is optimistic about the US central bank's progress against inflation, and expects it will be appropriate to start interest rate cuts this year.

Biden seeks to relax visa rules in wake of crackdown on illegal border crossers

President Joe Biden announced Tuesday a new potential citizenship path for immigrants married to US nationals, balancing a recent crackdown on illegal border crossers in an attempt to thread a tricky pre-election political needle.

Kenya scraps most new tax hikes as hundreds protest

Kenya's government on Tuesday walked back plans to impose multiple tax hikes, the presidency said, amending a controversial bill that sparked protests where more than a dozen demonstrators were arrested.

US retail sales come in below expectations in May

US retail sales came in below expectations for a second straight month in May as gas station revenues fell sharply, the government said Tuesday, while the data for April was revised lower.

Swede freed in Iran prisoner swap gets a 'yes' from boyfriend

A Swedish man freed in a rare prisoner swap with Iran proposed marriage to his boyfriend just minutes after his return home, the government and his family said Tuesday.

'Victory for the people': Thailand approves same-sex marriage

Thailand on Tuesday became the first country in Southeast Asia to legalise same-sex marriage, in a historic parliamentary vote hailed as a "victory" by campaigners.

Survivors recall horror of deadly double Indian train crash

Survivors of an Indian double train crash that killed nine people described on Tuesday their terror when a driver missed a signal and rammed a goods train into a passenger express.

Boeing CEO to face Capitol Hill grilling

Boeing CEO Dave Calhoun will likely face tough questions Tuesday when a Senate panel grills the executive on safety problems, manufacturing missteps and alleged efforts to intimidate whistleblowers.

Meteoric rise of South Korea's webtoons powers Nasdaq IPO

When Bae Jin-soo quit his well-paying job at one of South Korea's biggest conglomerates to write stories, his parents were so upset they kicked him out of the house.

Asian markets rise with Wall St as traders eye latest US data

Asian equities rallied Tuesday, tracking another tech-driven record on Wall Street, while investors awaited fresh US economic data to get a better handle on the outlook for inflation.

Racist slur probe dropped against Uruguay club football coach

Uruguayan prosecutors have dropped an investigation into football coach Ricardo Caruso Lombardi, who quit his club last month amid accusations he had hurled a racial slur at a referee, a judicial source told AFP on Monday.

New Zealand Super Rugby player dies after 'medical event'

Former Otago Highlanders back Connor Garden-Bachop has died aged 25 after an unspecified "medical event", New Zealand Rugby said Tuesday.

Wall Street stocks end at fresh records

Wall Street stocks rallied to fresh records Monday behind enthusiasm over artificial intelligence, while European markets bounced despite political uncertainty in France.

'Stop homophobia' in rugby, says France star Dupont

French rugby star and pin-up for this summer's Paris Olympics, Antoine Dupont has called for an end to the "macho" cliches linked to the game and "stop homophobia in our sport".

China launches anti-dumping probe into EU pork imports

China said Monday it had launched an anti-dumping investigation into pork imports from the European Union, the latest step in a mounting trade stand-off between the bloc and its largest economic partner.

Chairman of Italy's state-controlled shipbuilder dies

The chairman of Italy's state-controlled shipbuilder Fincantieri, Claudio Graziano, a retired general who once headed the UN peacekeeping mission in Lebanon, has died aged 70, Italian Prime Minister Giorgia Meloni said Monday.

China says launches anti-dumping probe into EU pork imports

Blind footballer brings game to visually impaired Iraqis

When football fanatic Othman al-Kinani became blind in 2008, the loss of his sight hit him hard, not least because he thought he'd have to hang up his boots for good.

Low snow on the Himalayas threatens water security: study

Millions of people dependent on Himalayan snowmelt for water face a "very serious" risk of shortages this year after one of the lowest rates of snowfall, scientists warned Monday.

Asian stocks drop after tepid Wall St lead, euro dips further

Asian markets fell Monday to extend last week's losses, with traders trying to assess the Federal Reserve's plans for interest rates, while the euro was weighed by political uncertainty as France prepared for a snap parliamentary election.

Nuclear arms spending soars as global tensions swell: studies

Nuclear-armed countries hiked spending on atomic weapons arsenals by a third in the past five years as they modernised their stockpiles amid growing geopolitical tensions, two reports showed on Monday.

Once fruitful, Libyan village suffers climate crisis

In the Libyan village of Kabaw in the Nafusa Mountains, M'hamed Maakaf waters an ailing fig tree as climate change pushes villagers to forsake lands and livestock.

'Meaty rice'? South Korean professor aims to change global protein

In a small laboratory in Seoul, a team of South Korean scientists are injecting cultured beef cells into individual grains of rice, in a process they hope could revolutionise how the world eats.

Shareholders OK with soaring executive pay in US

Executive salaries at major US corporations are soaring -- but shareholders happy with stock prices and greater transparency over remuneration are not pushing back.

Serbia could mine lithium as early as 2028: FT

President Aleksandar Vucic said Serbia could exploit lithium as early as 2028 following new guarantees from Australian mining giant Rio Tinto and the EU over the controversial project, the Financial Times reported on Sunday.

Hundreds gather in Kyiv for war-shrouded Pride march

Under the pouring rain and overshadowed by war, Dina Ivanova joined the few hundred who gathered in Kyiv on Sunday for the Ukrainian capital's first Pride march since the Russian invasion, guarded by a heavy police presence.

UK 'guinea pig' for election security before landmark votes

The UK general election is being watched closely after stark warnings that rapid advancements in cyber-tech, particularly AI, and increasing friction between major nations threaten the integrity of 2024's landmark votes.

Chinese Premier Li toasts warming trade ties in Australia

Chinese Premier Li Qiang mixed a dash of "panda diplomacy" with a visit to a historic vineyard on Sunday to celebrate a thaw in once-icy trade ties with Australia.

Zelensky seeks internationally agreed peace plan to present to Russia

As world leaders lined up to offer their support at summit for peace in Ukraine Saturday, President Volodymyr Zelensky voiced hope of garnering international agreement around a proposal to end the war that he could present to Moscow.

I.Coast relies on livestock from crisis-hit Sahel for Eid

At a muddy market in a city district in Ivory Coast, hundreds of animals are lined up to be sacrificed for this Sunday's Muslim festival of Eid.

Ukraine seeks path to just peace at Swiss summit

President Volodymyr Zelensky said he hoped to find paths to a "just peace" as soon as possible, as a first international summit on pathways to end Russia's war in Ukraine opened Saturday.

Ukraine summit to open in Switzerland, seeking path to peace

World leaders were set to join Ukrainian President Volodymyr Zelensky on Saturday for a summit on peace in his country. But without Russia in attendance, it is being seen as merely a first step in a long process.

Berliner Tageblatt - Economy (English)