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Volkswagen profits skid on one-off costs, China competition

Volkswagen said Friday that net profit fell by a third in the second quarter as the crisis-hit carmaker -- weighing up to 100,000 job cuts worldwide -- grappled with increasing competition in and from China.

South Korean tycoon ordered to pay $644m in divorce

A South Korean court ordered an AI chip-manufacturing tycoon on Friday to make a trimmed-down $644 million divorce payment to his former wife.

Last news

Planet overheating, ban fossil fuel ads: UN chief

Humans are as dangerous to the planet as the meteorite that drove dinosaurs to extinction, the UN chief said Wednesday, as scientists announced the last 12 months were the hottest on record.

European stocks rise before rate cut, Wall Street mixed

European stock markets rose Wednesday on the eve of an expected interest-rate cut by the European Central Bank, but Wall Street was mixed as investors digested data that could influence the Federal Reserve's own monetary policy.

LGBTQ group file complaint against three Ligue 1 players and clubs

A French group campaigning aganst homophobia in football filed a complaint on Wednesday against Ligue 1 players Mohamed Camara, Mostafa Mohamed and Nabil Bentaleb and their clubs for "public provocation towards hatred because of sexual orientation".

Private sector hiring in US cools more than expected: ADP

Job gains in the US private sector slowed again in May on a slump in manufacturing, payroll firm ADP said Wednesday, in a further sign the world's largest economy could be cooling.

As investment drive falters, Saudi milks Aramco 'cash cow'

A fresh offering of shares in Saudi Aramco, the Gulf kingdom's largely state-owned oil behemoth, comes at a pivotal moment for sweeping economic reforms that have struggled to lure foreign investment.

'Punished for daring': Women journalists defied Allies to cover D-Day

Eighty years ago, women reporters overcame restrictions barring them from the frontlines to cover the Allied landings in France but they have not enjoyed the acclaim enjoyed by their male counterparts.

European stocks climb on eve of expected eurozone rate cut

Europe's equity markets climbed Wednesday with traders boosted on the eve of an expected interest-rate cut by the European Central Bank, but Asia slid on renewed US economic worries.

Italy fines Meta over data use, account transparency

Italy's competition authority on Wednesday fined global tech giant Meta 3.5 million euros ($3.8 million) for a lack of transparency in its use of data and management of Instagram and Facebook accounts.

Palau confirms 'major' cyberattack, points to China

Palau's President Surangel Whipps on Wednesday said the tiny country, one of Taiwan's few diplomatic allies, had suffered a major cyberattack, pointing the finger at China.

Markets mixed as US jobs data tempered by economy worries

Equities were mixed Wednesday as building optimism that the Federal Reserve will cut interest rates before the end of the year was offset by renewed worries about the US economy.

Italy fines Meta over data breach, account management

Italy's competition authority on Wednesday fined global tech giant Meta 3.5 million euros ($3.8 million) for data breaches and failures in managing Instagram and Facebook accounts.

Indonesia replaces new capital chief weeks before opening

Indonesia's president has replaced the head of the country's new capital city, in a surprise shakeup just weeks before the controversial $32 billion project officially opens on Borneo island.

Japan aims to quadruple overseas market for anime, games

Pop-culture powerhouse Japan wants to expand its overseas market for video games, manga and anime fourfold to $130 billion in about a decade, the government has said.

Most markets rise on US jobs data but fears temper optimism

Equities mostly rose Wednesday on building optimism that the Federal Reserve will cut interest rates before the end of the year after the latest batch of data indicated the long-resilient US jobs market was showing signs of easing.

'Life goes on' - Panama islanders relocated as sea level rises

Alberto Lopez prepares breakfast with water lapping at his ankles. The day began with rain, and his ramshackle home on the Panamanian island of Carti Sugtupu was flooded, not for the first time.

US stocks stage comeback as oil slides further on US economy worries

US stocks bounced back from an early morning slump to close higher Tuesday as fresh data showed that job vacancies slipped in April to their lowest level since 2021.

Tokyo govt to launch dating app to boost birth rate

Japan's capital will launch its own dating app as early as this summer as part of government efforts to boost the plunging national birth rate, a Tokyo official said Tuesday.

Stocks retreat, oil slides further on US economy worries

Stock markets fell in cautious trading Tuesday as investors worried that headwinds are gathering for the US economy, outweighing hopes that recent weak data would prompt the Federal Reserve to start cutting interest rates.

Car battery maker ACC halts plant construction in Germany, Italy

The European vehicle battery venture Automotive Cells (ACC) said Tuesday that it was halting construction of two factories in Germany and Italy as it weighs shifting to a less-expensive battery technology.

Worries for France's Le Coq Sportif ahead of Paris Olympics

Loss-making French sportswear brand Le Coq Sportif faces fresh doubts about its finances and operations just as it should be delivering around 370,000 items of clothing and equipment for the Paris Olympics.

Brazil economy picks up as shoppers spend more

Brazil's economy grew 0.8 percent in the first quarter, the government said Tuesday, a rebound boosted by consumer spending which analysts say could put the central bank on guard over inflation.

Nigeria unions in talks on second day of strike

Nigerian union leaders on Tuesday held talks over a government offer to increase the minimum wage on the second day of a nationwide strike that has disrupted flights and closed down public offices.

TSMC votes for chief executive CC Wei to also become chairman

TSMC's board of directors on Tuesday unanimously elected chief executive CC Wei to succeed Mark Liu as chairman of the chip titan.

Most Asian markets turn lower as US data sparks economy worries

Markets mostly fell Tuesday on signs of weakness in the US economy, even as the data boosted hopes for an interest rate cut, while Mumbai tumbled as it appeared India's prime minister would not win as big an election victory as expected.

Intel unveils new chip tech in AI battle with Nvidia, AMD

US chip titan Intel on Tuesday struck a defiant tone in the face of strong challenges from rivals Nvidia, AMD and Qualcomm, unveiling technologies it said would lead the artificial intelligence revolution.

Asian markets in reverse as US data spark economy worries

Asian markets fell Tuesday as traders were spooked by signs of weakness in the US economy, even as the data boosted hopes the Federal Reserve will cut interest rates this year.

Global markets mixed as oil prices slump on OPEC+ plans to unwind cuts

Global markets finished mixed on Monday, as traders on Wall Street attempted to look beyond weaker than expected manufacturing data, and markets reacted to falling oil prices.

Nigeria union strike shuts power grid, schools, disrupts flights

Nigerian labour unions shut down the national power grid and disrupted flights Monday as they began an indefinite strike that closed schools and public offices after failing to strike a new minimum wage deal with the government.

'Manterrupting': French PM under fire over surprise debate appearance

France's prime minister on Monday faced accusations of deliberately seeking to eclipse the head of the ruling party's list in European elections when he unexpectedly appeared on a stage where she was taking part in a radio debate.

Canadian investment group buys French club Saint-Etienne

Canadian investment group Kilmer Sports Ventures (KSV) have acquired former French footballing giants Saint-Etienne on Monday a day after the club returned to Ligue 1.

Oil prices slump as OPEC+ plans to start unwinding cuts

Oil prices slid Monday as the OPEC+ group of major crude producers signalled they would start to unwind output cuts later this year, with softer than expected US manufacturing compounding fears of weakening global oil demand.

Oil prices fall as OPEC+ plans to unwind cuts

Oil prices fell Monday as the OPEC+ group of major crude producers signalled they would start to unwind output cuts later this year.

Berliner Tageblatt - Economy (English)