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Featured

'Two bad options': Rights groups decry IMF austerity demand

Coconut farmer Sombat Chuekrod travelled more than 200 kilometres to join hundreds on the streets of Bangkok on Friday demanding that the International Monetary Fund and World Bank change how they deal with the developing world.

Macron calls for calm amid fears of violence at France protests

President Emmanuel Macron called for calm on the eve of nationwide cost-of-living protests Saturday that authorities fear could lead to a violent escalation of weeks of student demonstrations.

Last news

Harvey Weinstein due in court after NY convictions quashed

Disgraced film mogul Harvey Weinstein was due in court in New York on Wednesday for the first time since his convictions in the state were overturned.

Wall Street mixed, dollar steady, before Fed delivers update on rates

Wall Street shares opened mixed and the dollar steadied Wednesday as investors waited to hear the US Federal Reserve's latest thinking on interest rates.

US private sector job growth higher than expected: ADP

Hiring in the US private sector cooled in April but job growth was still higher than anticipated, boosted by the services sector, payroll firm ADP said Wednesday.

Pfizer profits drop on lower Covid-19 product sales

Pfizer reported a drop in profits on lower sales of Covid-19 related profits Wednesday as it steers investments to other pharmaceutical areas and implements previously announced cost cuts.

Dollar steady and London shares higher before Fed update on rates

The dollar steadied and London shares were slightly higher in holiday-thinned trading Wednesday as investors awaited clarity on the outlook for US interest rates.

Asian markets track Wall St down as Fed looms

Asian stocks sank in holiday-thinned trade Wednesday, tracking a sharp sell-off on Wall Street after fresh US data dealt another blow to hopes the Federal Reserve will cut interest rates this year.

Asian markets track Wall St down ahead of Fed decision

Asian stocks sank in holiday-thinned trade Wednesday, tracking a sharp sell-off on Wall Street after fresh US data dealt another blow to hopes the Federal Reserve will cut interest rates this year.

Milei's liberalization reforms get provisional green light

Argentina's lower house of parliament on Tuesday approved a swath of liberalizing reforms eyed by President Javier Milei, in the first legislative boost to his budget-slashing agenda.

Starbucks points to weaker consumer as profit falls

Starbucks reported lower profits on falling sales on Tuesday as the coffee giant pointed to weakening consumer sentiment and lackluster conditions in China as factors behind an earnings miss.

Amazon triples quarterly profit as cloud surges

E-commerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived.

Ex-Binance chief jailed for four months in US

The founder of cryptocurrency firm Binance was sentenced to four months in US prison on Tuesday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed.

Milei's liberalization reforms get a provisional green light

Argentine lawmakers gave approval in principle Tuesday for a swath of liberalizing reforms eyed by President Javier Milei in a rare legislative boost for his budget-slashing agenda.

Tesla to cut hundreds more jobs in Musk cost push: report

Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.

Gaza boycott continues to weigh on McDonald's sales

McDonald's reported a modest increase in quarterly profits Tuesday despite a boycott stemming from the Middle East conflict expected to drag on sales for the foreseeable future.

G7 to phase out coal-fired power plants by mid-2030s

G7 ministers agreed a timeframe Tuesday for phasing out coal-fired power plants, setting as a goal the mid-2030s, in a move hailed as significant by some environmentalists but slammed as "too late" by others.

Iconic French painting to make comeback in true colours

A world-famous painting of a bare-chested woman leading French revolutionaries is this week to reveal its true colours after restorers cleansed it from decades of varnish and grime.

Changpeng Zhao, the 'normal guy' who conquered crypto

During his time at the helm of the world's biggest cryptocurrency firm, former Binance boss Changpeng Zhao, who will be sentenced in the United States later Tuesday for money laundering, perfected the humble executive look.

European satellite giant SES to buy US rival Intelsat

European satellite group SES will acquire US rival Intelsat for $3.1 billion, the companies said Tuesday, seeking to compete in a race for space-based internet service led by Elon Musk's Starlink.

Chinese tech giant Huawei profit surges 564%, biting into Apple sales

Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, as the US-sanctioned firm continues a rebound and bit into competitor Apple's sales in China.

Abu Dhabi-backed group ends Telegraph takeover bid

An Abu Dhabi-backed group planning to take over Britain's Telegraph Media Group (TMG) said Tuesday it will withdraw and sell on the business after the UK government moved to block the deal.

Eurozone stocks sag on strong euro as region exits recession

Eurozone equities sagged Tuesday, weighed down by the strong euro as investors digested bright economic news, while London hit another record peak on earnings-driven optimism.

UK to deport 5,700 migrants to Rwanda this year

The UK expects to deport 5,700 migrants to Rwanda this year, a senior minister said Tuesday, after the government published new details on the controversial plan.

EU probes Facebook, Instagram over election disinformation worries

The EU on Tuesday launched an investigation into Meta's Facebook and Instagram over concerns the platforms are failing to counter disinformation ahead of EU elections in June.

Eurozone economy rebounds in first quarter, inflation stable in April

The eurozone economy emerged from recession with greater than expected growth in the first quarter of 2024 and inflation under control, official data showed Tuesday.

HSBC announces surprise retirement of chief executive

Global bank HSBC announced Tuesday the shock departure of chief executive Neil Quinn, who will retire after overhauling the group in an "intense" five-year tenure weathering a Covid fallout, simmering geopolitics, and shareholder pressure to spin off Asia assets.

Most Asian markets build on Wall St rally, yen holds rebound

Markets mostly rose Tuesday following advances on Wall Street, while the yen held gains after the previous day's sharp swings and focus turned to the Federal Reserve's upcoming policy decision.

Plastic pollution talks move closer to world-first pact

A fourth and penultimate round of UN-led negotiations to solve global plastic pollution wrapped up in Ottawa early on Tuesday with a world-first pact said to be within reach by year's end but without a cap on the production of polymers.

Dying salmon trouble Norway's vast fish-farm industry

They are hailed for their omega-3 fatty acids and micronutrients, but Norway's salmon are not in the best of health themselves at the fish farms where they are bred.

Microsoft CEO pledges $1.7 bn AI, cloud investment in Indonesia

Microsoft's chief executive officer met the president of Indonesia on Tuesday, pledging a $1.7 billion investment in artificial intelligence and cloud computing to help develop the archipelago's AI infrastructure.

HSBC says chief executive Noel Quinn 'to retire'

Banking giant HSBC said Tuesday that chief executive Noel Quinn would retire after overseeing a "successful transformation" of the firm and record profits during his almost five years in charge.

L'Occitane stocks surge in Hong Kong after privatisation offer

Shares in French skincare giant L'Occitane jumped almost 13 percent in Hong Kong on Tuesday as they resumed trading after its owner offered to take it private.

Asian markets build on Wall St rally, yen holds bounce

Asian markets extended a rally Tuesday following advances on Wall Street, while the yen held gains after the previous day's sharp swings and focus turned to the Federal Reserve's upcoming policy decision.

Berliner Tageblatt - Economy (English)