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Featured

Hot US inflation data dents Wall Street stocks

A hotter-than-expected inflation reading dented Wall Street stocks on Wednesday, while the dollar and bond yields pushed higher as investors pencilled in a higher chance the Federal Reserve would raise interest rates later this month.

US consumer inflation up more than expected as midterms loom

US consumer inflation was hotter than anticipated in September, government data showed Wednesday, as Washington's war with Tehran pushed energy costs higher, deepening strains on American households ahead of next month's midterm elections.

Last news

German economy to shrink again in 2024: think tanks

Germany's economy is expected to shrink slightly in 2024, leading economic institutes said on Thursday, as the traditional manufacturing powerhouse continues to stagnate.

Hong Kong's New World Development replaces CEO Adrian Cheng

Hong Kong property behemoth New World Development announced Thursday that its chief executive officer Adrian Cheng has been replaced, as the firm reported an annual loss of over US$2.5 billion.

Swiss central bank cuts rate again amid strong franc worries

Switzerland's central bank on Thursday cut its key interest rate by a quarter percentage point for the third time this year, citing the strong Swiss franc and lower inflationary pressure.

Germany's BASF to focus on 'core units' in major overhaul

German chemicals giant BASF said Thursday it would focus on cost cutting and strengthening its "core businesses" in the years ahead as it unveiled details of a major overhaul.

China admits economy facing new 'problems', vows to fix property sector

Chinese President Xi Jinping and other top leaders admitted Thursday that the world's number two economy was facing new "problems" and vowed to resolve a long-running crisis in the housing sector.

Stock markets boosted by China hopes, tech rally

Hong Kong and Shanghai led another rally across markets on Thursday as China unveiled further economy-boosting measures following a raft of stimulus this week.

Beauty salon near Ukraine front offers brief respite from war

Maryna Skromnaya was ready to face shelling and explosions to get her hair done at a salon in Pokrovsk, the eastern Ukrainian city under intense Russian attack.

Argentina's narco capital sees mysterious drop in murders

Argentina's most violent city, Rosario -- best known as the hometown of soccer star Lionel Messi -- has in recent months seen a drastic, and some say suspicious, fall in murders.

World's first CO2 storage service soon ready in Norway

Norway is set to inaugurate Thursday the gateway to a massive undersea vault for carbon dioxide, a crucial step before opening what its operator calls the first commercial service offering CO2 transport and storage.

Asian markets boosted by tech rally, traders eye US inflation

Tech firms led an Asian market rally Thursday on renewed optimism about demand for AI equipment following a strong earnings outlook from US chip giant Micron.

'Social Studies' TV series takes intimate dive into teens' smartphone life

Sifting through the smartphones of dozens of US teens who agreed to share their social media content over the course of a year, filmmaker Lauren Greenfield came to a somber observation.

Key negotiator Norway sees 'positive signals' ahead of plastic talks

In the single week that world leaders convened for high-level UN talks in New York, nearly 100,000 water bottles' worth of microplastics swirled through the city's air, posing known and still unknown risks to human health.

Global stocks mixed after China stimulus as Dow retreats from record

Stock markets diverged and oil prices fell on Wednesday as China's latest measure to bolster its economy, the world's second-largest, failed to sustain another global rally.

Meta bets big on celebrity AI voices and augmented reality glasses

Meta launched AI chatbots voiced by Hollywood celebrities including Judi Dench and John Cena on Wednesday, betting its billions of users are eager to embrace artificial intelligence.

France's Ubisoft pushes back new 'Assassin's Creed' game to February

The latest instalment of the hugely popular "Assassin's Creed" video game series has been delayed to February instead of coming out in November as planned, its French publisher Ubisoft said Wednesday.

Paris fashion: The Dries dream lives on without Van Noten

The "Prince of Prints" is gone, but Dries Van Noten the style legend lives on, wowing his army of fans at Paris Fashion Week Wednesday with his brand's first show since the designer retired in June.

Meta unveils star-studded AI assistants

Meta launched AI chatbots voiced by Hollywood celebrities like John Cena and Judi Dench on Wednesday, betting that its billions of users are eager to embrace artificial intelligence.

Workers 'disappointed' as Volkswagen remains vague on turnaround plan

Unions on Wednesday criticised Volkswagen for failing to make specific proposals in the first round of talks over the German auto giant's drastic cost-cutting plan, as thousands of workers picketed the meeting.

Son says Spurs team-mate Bentancur 'almost cried' over alleged racial slur

Son Heung-min said Tottenham team-mate Rodrigo Bentancur "almost cried" when he apologised over an alleged racist remark about the South Korean.

US new home sales slow slightly in August

Sales of new homes in the United States cooled less than expected in August, according to government data released Wednesday, with lower interest rates potentially boosting the market going forward.

Walking on the Moon in Cologne: Europe's lunar life simulator

A large, ordinary-looking warehouse in the German city of Cologne is the closest you can get to walking on the Moon -- without leaving Earth.

Russian MPs back adoption ban on countries allowing gender reassignment

Russia's parliament Wednesday voted to back a bill banning the adoption of Russian children in countries that allow gender reassignment, the latest in a series of ultra-conservative social measures.

Unions vow 'bitter resistance' as Volkswagen talks begin

Volkswagen bosses and workers' representatives started crunch talks Wednesday about the ailing German auto titan's drastic cost-cutting plans, with thousands of staff staging a protest and unions vowing "bitter resistance".

Britain's Rightmove rejects higher £6.1-bn Murdoch bid

British property website Rightmove said Wednesday it had rejected a third "unsolicited" proposal, worth £6.1 billion (US$8.2 billion), from REA Group, the Australian peer majority-owned by Rupert Murdoch's News Corp empire.

Stocks rally stutters but Hong Kong, Shanghai up on new China move

Hong Kong and Shanghai extended gains Wednesday as China announced another interest rate cut the day after unveiling a series of measures to boost the country's ailing economy.

Cuts, cash, credit: China's latest bid to jumpstart flagging economy

China this week unveiled a bundle of new measures aimed at kickstarting its economy, which has been battered in recent years by unprecedented headwinds including a property sector crisis and sluggish spending.

French champagne makers bid to protect seasonal workers from abuse

French champagne producers are looking to restore their damaged reputations after four workers died last year amid hot weather, as authorities closed squalid housing and launched probes into suspected human trafficking.

Outdated rules, limited metro collide for 'unbearable' Athens gridlock

Straining to squeeze his taxi between two hulking trucks blocking an Athens street, 66-year-old cabbie Damianos says he's never seen traffic congestion in the Greek capital this bad.

Fashion's fun 'Frankenstein' flies after Olympic triumph

"The fashion world likes everything to be slick, but I'm a bit like Dr. Frankenstein, experimenting all the time with little bits and bobs," said Kevin Germanier, the young Swiss designer who created the Golden Voyager costume for the closing ceremony of the Paris Olympics.

Volkswagen crisis pits homegrown leaders against each other

Volkswagen managers and workers representatives will start crunch talks in Hanover on Wednesday, following the German group's announcement that drastic cost-cutting measures are needed to keep the carmaker competitive.

Princess Zelda takes the lead in 'Echoes of Wisdom'

Princess Zelda will shed her role as damsel in distress to play the heroine for the first time in the nearly four-decade history of the Nintendo fantasy series named after her.

Asian markets boosted again after another Chinese rate cut

Most Asian markets built on a global rally Wednesday as China announced another interest rate cut the day after unveiling a series of measures to boost the country's ailing economy.

Berliner Tageblatt - Economy (English)