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Featured

UniCredit says receives ECB green light for Commerzbank takeover

The European Central Bank has authorized the takeover of Germany's Commerzbank AG by UniCredit, the Italian bank said Thursday, calling it an "important milestone" that underscored confidence in its bid.

Houthis launch deadly attack on presidential palace in Yemen's Aden

The Houthis launched a deadly missile attack Thursday on the presidential palace in the Yemeni government's interim capital of Aden, as Saudi Arabia blamed Iran for the recent dramatic escalation in the long-running war.

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Biden, Trump battle for blue-collar voters as steel merger looms

Working class voters in Rust Belt cities like Pittsburgh used to favor Democrats overwhelmingly, but years of economic hardship and the rise of social issues favoring Republicans have made them a swing constituency again in 2024.

Union says Boeing penny-pinching has hurt supply chain

Boeing's practice of aggressively pressuring suppliers on costs has damaged its own supply chain, contributing to the aviation giant's current woes, a top union negotiator told AFP this week.

Global stocks mixed as elections heat up

Equity markets were mixed Friday as investors assessed fallout from a bumpy US presidential debate and looked ahead to weekend elections in France that could boost the far right.

NASA insists Boeing Starliner crew 'not stranded' on ISS

The first astronauts to fly Boeing's troubled Starliner are definitely not "stranded" at the International Space Station, NASA insisted Friday despite having no clear timeframe for bringing them home.

World 'failing' to meet development goals: UN chief

War and funding shortfalls have hampered progress toward the United Nations' flagship development goals which include action to combat climate change, the organization's Secretary-General Antonio Guterres warned on Friday.

French court rules Ravel sole author of 'Bolero'

A French court on Friday ruled that "Bolero", one of the best-known classical music pieces in the world, was written by Maurice Ravel alone, a decision with major financial implications.

Mexico shelters offer safe haven for LGBTQ migrants

Shirlei Vazquez, a trans woman, fled Guatemala after being assaulted and threatened, joining a growing number of LGBTQ migrants heading north in hopes of a better life in the United States.

Paris Airbnb goldrush ends as Olympics approach

Parisians looking to pocket a fortune by renting out their apartments to tourists visiting the French capital for the Olympics have been left disappointed as prices crash close to the start of the Games.

EU further scrutinises Microsoft, OpenAI tie-up

The EU will examine the impact of Microsoft's multi-billion-dollar partnership with ChatGPT developer OpenAI on competition in the fast-growing AI market, the bloc's antitrust chief said Friday.

Inflation data cheers Wall Street, French stocks slump

Wall Street stocks climbed Friday after data showing cooling US inflation raised hopes of an interest-rate cut, while French equities slid before a weekend election that could see strong gains for the far right.

Inflation data cheers Wall Street

Wall Street stocks climbed Friday after data showing cooling US inflation raised hopes of an interest-rate cut, while French equities slid before a weekend election predicted to see strong gains for the far right.

US Fed's favored inflation measure cools slightly in May

The US Federal Reserve's favored measure of inflation eased slightly in May, according to government data published Friday, as goods prices cooled.

Stock markets mostly rise before US inflation, amid vote activity

Stock markets mostly climbed and the dollar diverged Friday awaiting key US inflation data and with focus on upcoming global elections and yen weakness.

Embezzlement-accused French media scion reinstated as CEO

French media baron Arnaud Lagardere, who resigned from running the sprawling group of the same name in April over embezzlement charges, was reinstated as chief executive Friday after a favourable court decision, the company said.

Lanvin picks seasoned veteran Peter Copping as artistic director

Historic French fashion label Lanvin has named Britain's Peter Copping, who has worked with Nina Ricci, Oscar de la Renta, Balenciaga and Louis Vuitton, as its new artistic director.

France makes multibillion-euro gamble on Olympic gold

France is facing a bill of almost nine billion euros for hosting the Paris Olympics but top officials say the financial fallout could be more "psychological" than economic.

Hard up UK voters driven to political fringes by cost of living

When James Rossi left Britain's armed forces in 2010 -- the same year the Conservatives came to power -- he had high hopes, including of getting on the property ladder.

Xi says China planning 'major' reforms ahead of key political meeting

Chinese President Xi Jinping said Friday that the ruling Communist Party was planning and implementing "major" reforms, ahead of a closely watched political conclave that is expected to put economic recovery high on the agenda.

South Korea's skyscraper window cleaner with a fear of heights

For nearly thirty years, Seo Seung-ho has cleaned the windows of some of South Korea's tallest buildings. It's a reliable, well-paying job. There's just one problem: He's scared of heights.

Pakistan's first Olympic markswoman guns for historic medal

Slowing her breath and focusing on a bullseye in her pistol's sights, Kishmala Talat is aiming to become the first woman from Pakistan to win an Olympic medal.

Yen weakens further to put focus on Tokyo, Asian equities rise

The yen extended losses to a fresh 38-year low Friday, putting investors on guard for a possible intervention by Japanese authorities ahead of the release of key US inflation data later in the day.

Nike shares tumble on tepid outlook as CEO eyes Olympics marketing win

Nike reported higher profits due to cost-cutting efforts Thursday, but shares fell sharply on the company's tepid outlook despite a hoped-for boost from the upcoming Olympic Games.

Global stocks mixed as markets await French vote, US debate

Global stocks were mixed Thursday as Europe geared up for key elections, the United States awaited influential inflation data and a presidential debate, and Japan contemplated measures to strengthen the yen.

US investigative agency sanctions Boeing for discussing probe

A US investigative authority sharply rebuked Boeing for sharing details about an ongoing probe of a near-catastrophic aviation incident that were not supposed to be discussed publicly.

Yen gains after 38-year low, stocks mostly lower

Global stocks mostly slid Thursday as Europe geared up for key elections, the US awaited key inflation data and Japan contemplated measures to strengthen the yen.

'Not a lab experiment': climate tech CEO on green innovation

Microsoft co-founder and billionaire philanthropist Bill Gates has been hosting executives and entrepreneurs in London this week to boost investment in cutting-edge technologies promising big breakthroughs in tackling climate change.

Amid Gaza war, Israel warns could send Lebanon 'back to Stone Age'

Israel launched air strikes on Gaza Thursday after warning Hezbollah, Hamas's ally in Lebanon, to avoid a large-scale war that would send the neighbouring country "back to the Stone Age".

Stock markets mostly drop, yen gains after 38-year low

Major stock markets mostly dropped Thursday as Europeans gears up for key elections, the US awaits inflation data and Japan contemplates measures to strengthen the yen.

H&M shares tumble over profitability concerns

Shares in H&M slid Thursday after the world's second biggest fashion retailer warned that the conditions to meet its profitability target for this year have become "more challenging".

Women 'changing the game' in Mongolia's patriarchal politics

Women candidates are pushing for greater representation in Mongolia's male-dominated politics, raising their voices for change and inspiring girls to follow in their footsteps.

As ice melts, Everest's 'death zone' gives up its ghosts

On Everest's sacred slopes, climate change is thinning snow and ice, increasingly exposing the bodies of hundreds of mountaineers who died chasing their dream to summit the world's highest mountain.

Yen gains after hitting 38-year low, traders on intervention watch

The yen edged back slightly Thursday after hitting a 38-year low against the dollar, putting investors on alert for a possible intervention by Japanese authorities, while investors awaited US inflation data that could spark another round of volatility.

Berliner Tageblatt - Economy (English)