Berliner Tageblatt - Economy (English)

Most Asian markets retreat as Fed crushes March rate cut hope

Most Asian equities fell Thursday, tracking a sell-off on Wall Street after the Federal Reserve poured cold water on hopes for a March interest rate cut.

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Big Grammy year for women nominees spotlights industry progress

Musicians and critics alike have long accused Grammy voters of ignoring the work of female artists -- but this year, it's highly probable that women will take home the night's top prizes.

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Brazil's Lula still losing digital battle to Bolsonaro

Wearing a blue shirt with the sleeves rolled up, President Luiz Inacio Lula da Silva smiles as he gushes on his love of Brazilian music, and then segues into a barstool-style dissertation on football.

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Facebook, the social network old-timer, turns 20

A simple hangout spot for young people when it arrived on the scene 20 years ago, Facebook has since become a battle-hardened behemoth with an insatiable appetite for your attention.

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Cuba delays 500% fuel price hike over 'cybersecurity' incident

Cuba's government on Wednesday delayed a planned 500 percent surge in the fuel price after a "cybersecurity incident," an economy ministry official said.

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US lawmakers win apology from Zuckerberg in tech grilling

Meta CEO Mark Zuckerberg gave a public apology in US Congress on Wednesday as hostile lawmakers grilled tech chiefs over the dangers that children face on social media platforms.

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eBay to pay $59 mn for selling pill-making equipment: US govt

Online marketplace eBay will pay $59 million in a settlement over US government allegations that equipment that can be used to manufacture illegal drugs was sold on its website, the Justice Department said Wednesday.

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Argentina lawmakers debate Milei's hefty reform package

Argentina's lower house of Congress on Wednesday began what is expected to be a marathon debate on President Javier Milei's mega-bill to reform the economy, politics and even some aspects of private life.

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US lawmakers grill tech CEOs over youth safety

Meta CEO Mark Zuckerberg and the chief executives of TikTok, X, Discord and Snap were grilled by US lawmakers on Wednesday over the dangers that children and teens face on social media platforms.

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Stocks waver as US tech shares fall, Fed meets on rates

Stock markets wavered on Wednesday as shares in major US tech companies fell and investors awaited a key Federal Reserve interest rate meeting.

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Macron calls for a less regulated Europe

French President Emmanuel Macron said Wednesday that Europe needs "smarter" and less regulated industrial and energy policies.

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US private sector job gains slow in January as labor market cools

Private sector hiring in the United States slowed more than anticipated this month, according to data Wednesday from payroll firm ADP, following efforts to cool the world's biggest economy and tame inflation.

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US private sector job gains slow more than expected in January

Private sector hiring in the United States fell more than anticipated in January, according to data Wednesday from payroll firm ADP, following efforts to cool the world's biggest economy and tame inflation.

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Arrests as French farmers close in on Paris

French police arrested some protesting farmers on Wednesday as convoys of tractors edged closer to Paris, Lyon and other key locations, with many ignoring police warnings over the scope of their action.

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Global stocks swing before Fed rate call

World stock markets diverged Wednesday after a tepid performance on Wall Street, with all eyes on the US Federal Reserve's latest interest rate decision.

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French police make arrests as farmers close in on key locations

French police arrested some protesting farmers on Wednesday as convoys of tractors edged closer to Paris, Lyon and other strategic locations in France, with many ignoring warnings of police intervention if they cross red lines laid down by ministers.

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Kosovo ban on Serbian dinar risks new crisis

Kosovo may be on the verge of a fresh crisis after the government threatened to ban the use of Serbian money this week, with a chorus of Western countries warning it could ignite a firestorm.

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H&M shares tumble as CEO steps down

H&M chief executive Helena Helmersson announced Wednesday she was stepping down, sending shares in the fashion retailer tumbling as the Swedish company reported lower-than-expected profits in the fourth quarter.

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Santander posts record profit in 2023 after rate hikes

Spanish banking giant Santander posted a record 11.1-billion-euro ($12 billion) net profit for 2023 on Wednesday as higher interest rates and a rise in global clients helped to cushion the impact of a windfall tax.

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China overtakes Japan as world's biggest vehicle exporter

China's global dominance in electric cars helped it overtake Japan as the world's biggest vehicle exporter last year, official data confirmed Wednesday.

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Asian markets swing as traders eye Fed, US jobs and earnings

Asian equities fluctuated Wednesday after a mixed performance on Wall Street, with traders keenly awaiting what the Federal Reserve has to say after its much-anticipated policy meeting later in the day.

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China quietly expanding influence in Taliban-ruled Afghanistan

While most of the world treats Afghanistan's Taliban government as a pariah, China is growing diplomatic and economic links -- and Kabul is happy for the attention.

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China overtook Japan as world's top vehicle exporter in 2023

China overtook Japan as the world's biggest vehicle exporter last year, data from the Japan Automobile Manufacturers Association showed Wednesday.

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Asian markets swing as traders eye Fed, jobs and earnings

Asian equities struggled again Wednesday after a mixed performance on Wall Street, with traders keenly awaiting what the Federal Reserve has to say after its much-anticipated policy meeting later in the day.

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Samsung reports sharp drop in operating profits

Samsung Electronics on Wednesday reported a 34.57 percent drop in operating profits for the fourth quarter of 2023, as the company struggles with weak demand for consumer devices.

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US could jail foreign officials under new bribery law

Anticorruption activists around the world have high hopes for a new US law that for the first time allows Washington to prosecute foreign officials who receive bribes.

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US Fed rate decision could hold clues on timing of future cuts

The US Federal Reserve is almost certain to hold its key lending rate steady for a fourth consecutive meeting Wednesday, as inflation continues to inch closer towards its long-term target of two percent.

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Samsung says Q4 operating profits drop 34.57 percent

Samsung Electronics on Wednesday reported a 34.57 percent drop in operating profits for the fourth quarter of 2023, as the company struggles with weak demand for consumer devices.

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US judge voids Elon Musk's $56 billion Tesla compensation

A judge in the US state of Delaware voided the $56 billion compensation package of Tesla chief executive Elon Musk on Tuesday, siding with a shareholder who claimed the entrepreneur was overpaid.

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Microsoft, Google ride AI wave as revenues surge

Microsoft and Google delivered solid corporate earnings on Tuesday as the tech giants said demand for artificial intelligence services stoked revenue.

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Global stocks mixed as traders track eurozone data, await Fed

Global stocks were mixed Tuesday as Wall Street wavered ahead of fresh interest-rate signals from the US Federal Reserve, and new data showed that the eurozone dodged recession at the end of last year.

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Google says AI helped it beat profit expectations

Google parent Alphabet on Tuesday credited artificial intelligence with helping boost profits in the final quarter of last year.

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