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Featured

Wall Street grills Bank of America over money laundering fine

Shares of Bank of America tumbled Wednesday as the lender faced pointed questions from Wall Street analysts over a $1.2 billion regulatory settlement that led to a big earnings miss.

Ukraine war reaches shores of Bulgarian fishing village

After a series of drone attacks on ships off the coast, the conflict in Ukraine has taken on a new immediacy for residents of Krapets, a tiny Bulgarian Black Sea fishing village.

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Stop using our songs, ABBA tells Trump

The record label for iconic Swedish pop group ABBA said Thursday it has demanded that US presidential hopeful Donald Trump stop playing its music at his campaign rallies.

European, Asian stocks diverge after Nvidia earnings results

Asian stock markets wavered but Europe advanced on Thursday, with Frankfurt hitting a new record, as investors digested earnings results by US chip titan Nvidia.

Chinese tech giant Huawei posts 34.3% rise in first-half sales

Chinese tech giant Huawei said Thursday that sales surged in the first half of the year, even as it struggles under the weight of sanctions that have deprived it of technology from the United States.

Floods submerge Vietnam's dragon fruit farms

Floods submerged hundreds of hectares of dragon fruit farms in south Vietnam, residents told AFP on Thursday, with many villagers forced to seek shelter on higher ground.

Tech weighs on Asian markets after Nvidia results

A sell-off in tech firms dragged Asian markets down Thursday after investors were left disappointed by earnings from chip titan Nvidia that stoked concerns about the outlook for all things artificial intelligence.

Tech weighs down Asian markets after Nvidia results

Harris election bid galvanizes Black students at her alma mater

At Howard University, the historically Black college that educated Kamala Harris four decades ago, students are dreaming about how her victory in the US presidential election could elevate the institution -- and their own ambitions.

Pessimism dogs eastern Germany despite economic gains

With its shiny new housing estates, scores of building sites and bustling city centre, Jena represents the fresh face of the former East Germany.

Profits decline as Qantas looks to win back angry customers

Australian airline Qantas reported on Thursday a slide in net profit as post-Covid fares dropped, and said it was working to rebuild its reputation after a string of public scandals.

Qantas profits descend as fares fall after Covid

Australian airline Qantas on Thursday reported a slide in net profit as post-Covid fares dropped, but said it was working to rebuild its reputation after a string of public scandals.

Spain signs accords with Mauritania, Gambia to curb illegal migration

Spain has signed agreements with Mauritania and The Gambia to strengthen cooperation to combat people smuggling and promote legal migration, as Spanish Prime Minister Pedro Sanchez visits West Africa in the face of surging migrant arrivals.

Global stocks diverge ahead of Nvidia earnings results

US shares fell and European stock markets mostly closed higher Wednesday as investors cautiously waited to see if the latest earnings results from US chip giant Nvidia could justify the high valuations of tech stocks.

Flights resume after outage paralyses Dutch airport, services

The first flights left Eindhoven airport in the Netherlands late Wednesday after a computer outage grounded planes for hours and hit government services, with authorities saying it was pinning the cause.

Buffett's Berkshire Hathaway hits $1 tn market value

Warren Buffett's Berkshire Hathaway holding company briefly crossed $1 trillion in market value Wednesday, making it the first non-tech firm on Wall Street to cross the milestone.

Stocks diverge as traders eye Nvidia earnings

US shares fell marginally and European stock markets mostly inched higher Wednesday as investors cautiously awaited the latest earnings results from US chip giant Nvidia, a bellwether for the tech sector.

Serbia leader plans to seal French fighter jet deal with Macron

President Aleksandar Vucic told AFP on Wednesday that Serbia expects to sign a "huge" deal for French fighter jets during a visit this week from France's leader, an agreement estimated to be worth billions of dollars.

Chinese EV giant BYD posts 24.4% rise in profit

Leading Chinese automaker BYD posted on Wednesday a 24.4 percent rise in net profit for the first half of 2024, boosted by continuing strong demand for electric cars in its home and overseas markets.

Asian markets mostly up as traders await US data, Nvidia release

Equity markets moved cautiously Wednesday ahead of key US data and the release of earnings by tech titan Nvidia that could shine a light on demand for all things artificial intelligence after this year's tech-led markets rally.

Ethiopia says mega-dam doubles electricity output

Ethiopia said it has more than doubled electricity production from its controversial mega-dam on the Blue Nile after two more turbines started operations.

In Germany's industrial east, old traumas boost far right

In the relatively well-off city of Zwickau, in Germany's former communist east, economic uncertainty and a turbulent history have combined to drive support for the far right ahead of a key regional election.

Showdown looms over 'boys' club' lineup for EU commission

A showdown is brewing over the gender makeup of the next European Commission after member states put forward an overwhelmingly male candidate lineup -- in open defiance of EU chief Ursula von der Leyen.

Thai air force favours Swedish Gripen fighter jets over F-16s

Thailand wants to renew its fleet of combat aircraft with Gripen fighter jets, the air force said, favouring the Swedish-made planes over American F-16s.

Chips down: Indonesia battles illegal online gambling

When the wife of Indonesian snack seller Surya asked why he stopped sending money home to his West Java village, he broke down, confessing to a gambling addiction that had cost him more than $12,000.

Asian markets slip as traders await US data, Nvidia release

Equity investors stepped cautiously Wednesday ahead of key US data and the release of earnings by tech titan Nvidia that could shine a light on demand for all things artificial intelligence after this year's tech-led markets rally.

Trash overwhelms Havana as garbage trucks lack parts, fuel

Cuba's iconic capital Havana is drowning in a sea of uncollected trash as a critical shortage of fuel and vehicle parts affects garbage collection on the island crippled by sanctions and economic woes.

Kelce brothers ink $100 mn podcast deal with Amazon's Wondery

Amazon announced Tuesday its podcast studio inked a deal with the NFL stars Travis and Jason Kelce to distribute their show, now entering its third season, for a reported $100 million.

Ryanair says Boeing delivery delays costing it millions of ticket sales

Ryanair will have to forgo millions of ticket sales this year because of delayed jet deliveries from Boeing, the low-cost airline's chief executive Michael O'Leary said Tuesday.

UN nuclear head at Russian plant warns over fighting

UN nuclear watchdog head Rafael Grossi on Tuesday warned during a visit to Russia's Kursk nuclear plant that its proximity to ongoing fighting was "extremely serious" following Ukraine's unprecedented cross-border offensive.

Don't look back in anger: Can Gallagher brothers bury hatchet?

They were nicknamed the "Eyebrow Brothers" and there is nothing the Gallagher brothers love more than raising them.

Markets mixed as traders eye US rate cut

European stock markets mostly rose, Asian equities diverged and oil prices eased Tuesday as investors focus on the prospect of a long-awaited US interest rate cut and Middle East tensions.

Markets stutter after rally, oil dips but Middle East worries linger

Asian markets were mixed Tuesday following a tepid day on Wall Street as traders took a breather from a recent rally fuelled by bets on a US interest rate cut, while oil held gains from a surge caused by Middle East tensions.

Meta CEO Zuckerberg says US pressure on Covid-19 posts was 'wrong'

Meta CEO Mark Zuckerberg believes US government pressure on his social media platforms to take down certain Covid-19 content in 2021 was "wrong," and said he would resist similar attempts in the future, according to a letter submitted to a US congressional committee.

Berliner Tageblatt - Economy (English)