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Featured

Mercedes CEO urges German 'productivity offensive' as China woes hit profit

Germany needs to cut costs and boost productivity, Mercedes-Benz boss Ola Kaellenius demanded Tuesday as he presented second-quarter profit hit by fierce competition in China.

Seoul, Tokyo lead fresh tech rout as most of Asia retreats

South Korea's Kospi collapsed almost 11 percent on Tuesday as tech took a battering on another negative day for Asian stock markets, with a report of a breakthrough in China's chip industry compounding worries about the longevity of the AI boom.

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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.

French MPs vote to enshrine abortion right in constitution

France's lower house of parliament overwhelmingly approved Tuesday a measure to inscribe abortion as a "guaranteed freedom" in the constitution, a pledge made by President Emmanuel Macron last year.

US consumer confidence hits highest level since Dec. 2021

US consumer confidence beat expectations in January to reach its highest level since December 2021, with the public more optimistic than at any point since the Federal Reserve began hiking interest rates.

In Antarctica, scientists study extent of microplastics

In remote Antarctica, Colombian marine biologist Paulo Tigreros dips a net into the icy waters in his hunt for microplastics in what should be one of the best-preserved ecosystems in the world.

Who are the Iraqi pro-Iran groups fighting Washington?

After a drone attack killed three American soldiers in Jordan on Sunday near the Syrian and Iraq borders, Washington immediately accused "radical Iran-backed militant groups operating in Syria and Iraq".

US Republicans gamble on immigration as major 2024 election issue

US immigration reform has become the focus of a high-stakes political battle, with President Joe Biden and Donald Trump locking horns over one of the hottest issues of the 2024 election.

Farm uproar spreads in EU as France seeks to quell protests

Protests by angry farmers spread across Europe on Tuesday, as the French government scrambled to placate agriculture workers who have blocked motorways and moved in convoys of tractors towards Paris.

Chile's whirlwind energy transition leaves workers stranded

Vultures soar above the mining town of Tocopilla, where Chile's dizzying transition away from coal-fueled energy has left dozens of workers idle and unsure of their future.

Stocks diverge as investors track Fed meeting, eurozone data

European stocks rose Tuesday after data showed the eurozone dodged recession at the end of last year but Wall Street wavered as investors await fresh interest-rate signals from the Federal Reserve.

General Motors eyes strong 2024 as earnings top estimates

General Motors reported higher quarterly profits Tuesday thanks to continued robust vehicle pricing amid strong North American demand, offsetting the hit from a labor strike.

N. Ireland deal looks to end 2-year political deadlock

Northern Ireland on Tuesday moved a step closer to ending a near two-year political deadlock after the main pro-UK party finally endorsed a deal with London aimed at reopening the region's assembly.

Flatlining eurozone economy narrowly dodges recession

The eurozone economy narrowly avoided a technical recession in the second half of 2023 but stagnated in the final three months of the year, official data showed Tuesday.

European stocks rise as eurozone dodges recession

European stock markets rose on Tuesday, with Paris reaching a record high as official data showed the eurozone avoided recession last year.

Eurozone narrowly dodges recession

The eurozone economy narrowly avoided a technical recession in the second half of 2023 but stagnated in the final three months of the year, official data showed Tuesday.

German economy shrank at end of 2023: data

The German economy contracted at the end of 2023, official data showed Tuesday, the latest gloomy news for Europe's export powerhouse as it battles high inflation and a manufacturing slowdown.

Saudi Aramco halts plan to raise production capacity

Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels per day, abandoning a planned increase, the firm said on Tuesday.

Asian stocks mixed after Wall St record, eyes on Evergrande impact

Asian markets were mixed Tuesday as another record on Wall Street was unable to help extend the previous day's advance, with traders eyeing a Federal Reserve meeting, big-name earnings and key data.

Saudi Aramco halts plan to raise production capacity: statement

Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels per day, abandoning a planned increase, the firm said on Tuesday.

Toyota apologises for scandals as vehicle sales set new record

Toyota's chairman said Tuesday he was "ashamed" of recent scandals involving subsidiaries of the Japanese auto giant, as the firm announced record vehicle sales of 11.2 million across its brands last year.

Toyota sets new global record for annual vehicle sales

Japan's Toyota said Tuesday that it sold a record 11.2 million vehicles in 2023, cementing its position as the world's top-selling automaker for the fourth successive year thanks to a recovery in demand in all regions and easing semiconductor shortages.

App lets Indigenous Brazilians connect in own languages

For Indigenous communities in the Brazilian Amazon, getting online is a challenge. Now, a smartphone app is making it easier to connect by allowing them to use their own native languages.

Renault slams brakes on listing of Ampere EV division

French automaker Renault said Monday that it was halting the initial public offering of its EV unit Ampere, saying market conditions were unfavourable to list the company's shares.

British graphic novelist delighted to 'infiltrate' cartoon boys' club

Posy Simmonds is only the fifth woman and the first Briton to win the grand prix at France's prestigious Angouleme comics festival, an honour she is thrilled with -- even if toothache prevented her from collecting it in person.

Anglican leader calls UK Rwanda migrants plan 'damaging'

The leader of the world's Anglicans on Monday warned that the UK government's plan to send migrants to Rwanda was leading the nation down a "damaging path", as he waded into the highly charged political issue.

Jacquemus brings stars and surrealism to Provence

One of fashion's biggest breakout successes, France's Jacquemus, sought to move past recent turbulence in his business with a glamorous show in front of stars including Julia Roberts and Kylie Jenner on Monday.

Historic German store KaDeWe files for insolvency

Iconic Berlin department store KaDeWe said Monday it had filed for insolvency, as rising rental prices in Germany left it struggling to stay afloat.

Protesting farmers block major roads into Paris

French farmers choked off major motorways around Paris on Monday, threatening to blockade the capital in an intensifying standoff with the government over working conditions.

Cement giant Holcim eyes US reindustrialisation to boost N. America spinoff

Swiss construction giant Holcim is betting that US "reindustrialisation" will continue booming regardless of who wins the presidency in November, bolstering its North American branch ahead of a planned spinoff.

Stocks steady while oil prices back off three-month highs

European and US stocks were mostly flat Monday at the start of a week packed with major earnings and data in addition to central bank decisions on interest rates.

Buried in massive debt, Italy puts crown jewels up for sale

Prime Minister Giorgia Meloni once declared Italy's postal service a "crown jewel" that must stay in state hands, but she is now selling a stake as part of a privatisation programme to tackle a huge public debt.

Protesting French farmers start blockade of Paris

French farmers began choking off major motorways around Paris on Monday, threatening to blockade the capital in an intensifying standoff with the government over working conditions.

Italy reveals energy, migration plan at Africa summit

African leaders gathered at a Rome summit on Monday to hear Prime Minister Giorgia Meloni's much-hyped plan for the continent, aimed at transforming Italy into an energy hub -- and stopping migration.

Berliner Tageblatt - Economy (English)