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Featured

Indonesian stocks dive 11% as MSCI weighs market reclassification

Indonesian stocks plunged more than 11 percent Friday as index compiler MSCI said it was "no longer appropriate" to maintain the country's emerging-market status, fuelling fears of an exodus of foreign investment.

'Mixed feelings': AI cracks centuries-old ciphers

Napoleon Bonaparte ordered the wartime missive written in code, creating a puzzle that went unsolved for more than 200 years -- until AI cracked it in a matter of hours.

Last news

UBS marks takeover milestone as Credit Suisse is no more

Swiss banking giant UBS on Friday completed the merger of its parent company with Credit Suisse AG as its fallen rival legally ceased to exist, more than a year after the emergency takeover.

FIFA extend rules on maternity and adoption

FIFA issued new rules on Friday to help female players and coaches during pregnancy by extending maternity cover to adoptive parents while encouraging national teams to facilitate contact with families during major tournaments.

Stock markets wobble as US inflation unchanged

Stock markets wavered Friday as investors digested fresh US and eurozone inflation data that could set the tone for interest-rate moves by central banks.

US approves Moderna's RSV vaccine for older adults

The US Food and Drug Administration on Friday approved Moderna's respiratory syncytial virus (RSV) vaccine for older adults -- marking the first time any mRNA shot has been authorized against a disease other than Covid-19.

Pfizer drug extends life for people with rare form of lung cancer

A Pfizer lung cancer drug has been shown to greatly reduce tumor progression and improve survival outcomes for people in the advanced stages of a rare form of the disease, according to trial results published Friday.

Stock markets rise as US inflation gauge steadies

US and European stock markets mostly rose Friday as investors digested fresh inflation data that could set the tone for interest-rate moves by central banks.

US Fed's favored inflation gauge unchanged in April

The US Federal Reserve's favored measure of inflation remained unchanged in April, according to government data published Friday, as services prices remained elevated.

UK Labour pitches new energy policy in election battle

The UK's Labour opposition launched its flagship clean energy policy Friday, bidding to ease the country's cost-of-living crisis and contrast the party with the ruling Conservatives in the looming general election.

Zelensky hails US weapons green light as 'step forward'

Ukrainian President Volodymyr Zelensky on Friday hailed a US decision to partially lift restrictions on using US-donated weapons to strike inside Russia as a "step forward".

US Fed's favored inflation measure remains unchanged in April

The US Federal Reserve's favored measure of inflation remained unchanged in April, according to government data published Friday, as services prices remained elevated.

Chinese shopping app Temu faces stricter EU safety rules

Chinese shopping app Temu will have to comply with stringent new safety rules after Brussels on Friday added the company to its list of digital firms big enough to face curbs.

Stock markets diverge as inflation takes centre stage

Equity markets diverged Friday as traders fixed attention on inflation numbers from the eurozone and the United States for clues on the outlook for interest-rate cuts.

NATO allies' support grows for Ukrainian strikes in Russia

Support grew among NATO allies on Friday for using Western-donated weapons to strike inside Russian territory, while NATO chief Jens Stoltenberg downplayed Kremlin warnings of an escalation.

Chinese property giant Evergrande fined $576 mn for 'fraud'

China's deeply indebted property giant Evergrande has been fined $576 million for fraudulent business practices, Beijing's top financial regulator said Friday.

African tech startups cater to continent's needs

African startups, addressing overlooked needs, are putting the spotlight on a burgeoning tech scene, despite challenges like inequality and limited digitalisation.

US, UK air strikes on Yemen kill at least 16: Huthi TV

The United States and Britain carried out air strikes on Yemen in what they said was a bid to degrade Iran-backed rebels' maritime attack capabilities, with Huthi media on Friday reporting 16 killed.

Markets mostly up after tough week as US inflation looms

Most markets rose Friday after falling for much of the week, with below-forecast US data injecting some fresh life into hopes the Federal Reserve will cut interest rates this year.

Asian markets bounce after tough week as US inflation looms

Asian markets rose Friday after falling for much of the week, with below-forecast US data injecting some fresh life into hopes the Federal Reserve will cut interest rates this year.

Young Cambodians fight to preserve ancient martial art

In a small Cambodian town near the banks of the Mekong River, law student Oeun Bunthav tenses his slender torso and steels himself for an elbow strike to his head.

Flood-hit Brazil businesses count losses, look to future

The thriving economy of southern Brazil has been brought to its knees by historic floods, with vast agricultural land unusable and factories paralyzed.

Jury in Trump trial reaches verdict

The jury in Donald Trump's hush money trial announced Thursday in a note to the court that it has reached a verdict, indicating that this would be delivered in less than an hour.

Oil giant Aramco says to offer shares worth over $10 bn on Saudi bourse

Oil giant Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than $10 billion in one of the biggest such offerings in recent years.

Tribute to late Iranian president at UN stirs anger

The UN General Assembly drew criticism Thursday for its tribute to the late Iranian president Ebrahim Raisi who died in a helicopter crash, with Washington boycotting the gathering.

Jury in Trump trial reviews evidence, resumes deliberations

Jurors returned Thursday to a second day of deliberations in Donald Trump's criminal trial with detailed requests to review portions of the evidence, leaving the Republican presidential candidate stuck awaiting his fate.

ANC on track to lose majority after watershed South Africa vote

South Africa's ruling ANC was on course to lose its 30-year-old unchallenged majority on Thursday after voters queued long into the night to cast their ballots, preliminary results and projections showed.

French pharmacists strike over pay and drug shortages

French pharmacists began their first walkout in 10 years on Thursday, closing up shop over drug shortages, low regulated prices, pharmacy closures and fears medications could be sold online.

Meta says generative AI deception held in check -- for now

Social media giant Meta says its bid to thwart coordinated disinformation campaigns created through ever-improving generative AI is working, despite widespread concerns.

US Democrats call for criminal probe into Big Oil price-fixing

Senate Majority Leader Chuck Schumer and nearly two dozen Democrats called on the Justice Department Thursday to investigate the oil and gas industry over allegations of price-fixing.

Stock markets diverge ahead of key inflation data

Stock markets diverged Thursday as traders awaited key inflation indicators that could determine the future direction of interest rates on both sides of the Atlantic.

Africa economic growth not enough to tackle poverty: AfDB

Africa's economy has shown resilience overall despite global conditions but growth needs to be in double digits to truly tackle poverty on the continent, the African Development Bank (AfDB) said on Thursday.

EU states agree 'prohibitive' tariffs on Russia grain imports

EU states agreed on Thursday to impose "prohibitive" duties on grain imports from Russia in a bid to cut off revenues to Moscow for its war on Ukraine.

European stock markets recover slightly

Europe's main stock markets inched higher Thursday, making up just some of the losses from the previous session when shares were hit by concerns that interest rates will stay high for an extended period.

Berliner Tageblatt - Economy (English)