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Japanese population below 120 million for first time in decades

The number of Japanese people living in the country has fallen below 120 million for the first time in 42 years, government data showed Wednesday, as the nation confronts a low birth rate and an ageing society.

Meta misses profit expectations, sticks to massive AI spending

Facebook-parent Meta reported profits on Wednesday that fell short of Wall Street expectations, as the cost of staying in the race to deploy artificial intelligence -- along with hefty legal and severance charges -- hurt its bottom line.

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Toyota hikes annual forecast as first-half net profit doubles

Toyota ramped up its annual net profit forecast to $26.1 billion on Wednesday after reporting it more than doubled in the first six months of the year.

Europe's economic powerhouse tests a shorter working week

Maximilian Hermann's weekend starts on Friday morning, when he puts his motorcycle helmet on and takes his bike out for a ride to the southern German Alps.

The tech to recycle clothes is only just being invented

The vast waste and pollution caused by the fashion industry has made recycling clothes a top priority, but only now are simple tasks like pulling the sole off a shoe being done by machines.

China lithium boom harming fragile Tibetan plateau: report

China's booming electric vehicle industry is fuelling a lithium rush in the Tibetan plateau that risks damaging the troubled region's fragile ecology and deepening rights violations, research published Wednesday said.

US Fed likely to hold rates again despite strong economic growth

The Federal Reserve is widely expected to announce Wednesday that it will keep interest rates at a 22-year high in a bid to tackle inflation without harming the buoyant US economy.

California jury says Tesla's Autopilot not to blame in fatal 2019 crash

A California jury on Tuesday rejected a claim that a Tesla car involved in a fatal 2019 crash had a manufacturer's defect in its "Autopilot" self-driving feature, according to a court spokesperson.

Pakistan to open holding centres ahead of Afghan deportations

Pakistani authorities on Wednesday were set to open a series of centres across the country to begin processing hundreds of thousands of undocumented Afghans ahead of mass deportations.

Saudi Arabia only bidder for 2034 World Cup

Saudi Arabia is in line to host the 2034 World Cup after FIFA announced that the kingdom had submitted the only "expression of interest" in hosting the tournament.

Toyota ups North Carolina EV plant investment by $8 bn

Toyota will significantly expand an electric battery plant in North Carolina, ramping up a bet on zero-emission vehicles in the United States, the automaker announced Tuesday.

UK govt backs down over plans to shut rail ticket offices

The UK government has scrapped controversial plans to close almost all railway station ticket offices in England, following fierce criticism from disabled campaign groups, unions and passenger watchdogs.

Prada sees slowing sales growth in third quarter

Prada saw its sales growth decelerate during the third quarter but the Italian luxury group said Tuesday sales for the year were still solidly higher thanks to strong performances in Asia and Europe, its top markets.

Climate 'loss and damage' fund tops UAE talks ahead of COP28

Setting up a "loss and damage" fund for poorer nations hit by climate change dominated preliminary talks on Tuesday, one month before COP28 in Dubai where delegates look set to tussle over the future of fossil fuels.

US Fed poised to keep rates unchanged as it opens key meeting

The US central bank opened a key policy meeting Tuesday, with officials widely expected to hold interest rates at a 22-year-high as they balance efforts to lower inflation while staving off a recession.

Caterpillar earnings boosted by North American strength

Caterpillar reported higher profits Tuesday behind strong pricing trends, especially in its home North America market, which led revenue growth.

Europe stocks rise despite economic and Mid East gloom

European stocks rose Tuesday after a mixed Asian session despite spreading economic and geopolitical uncertainty on the eve of a US interest-rate decision.

Pfizer reports loss as Covid-19 revenues shrink

Pfizer reported Tuesday a loss following a sharp fall in the sales of its Covid-19 vaccine and therapeutic from pandemic peaks.

Stellantis beats forecasts despite US strike

Stellantis beat analyst forecasts with a jump in third quarter sales despite the automaker acknowledging Tuesday the strike by its US workers cost $3.2 billion in lost revenue.

AB InBev profit higher despite Bud Light sales plunge

AB InBev, the world's top brewer, said Tuesday sales and net profits edged higher in the third quarter despite a drop in sales volume, in particular in the United States where Bud Light has been boycotted by conservative figures.

Eurozone economy shrinks in third quarter, inflation falls further

Economic growth in the eurozone contracted in the third quarter, data showed Tuesday, hit by the European Central Bank's painful rate-hiking campaign and Germany's weakening economy, but inflation slowed in October.

Samsung Electronics says Q3 operating profits down but flags 2024 chip recovery

South Korea's Samsung Electronics said Tuesday that its operating profits for the July to September period were down nearly 80 percent, but forecast that a prolonged slump in the memory chip market was coming to an end.

Vodafone sells Spain unit for up to 5.0 bn euros

British mobile phone giant Vodafone announced Tuesday the sale of its Spanish division to investment fund Zegona for up to 5.0 billion euros ($5.3 billion), as part of an ongoing overhaul.

Stellantis confirms 2023 outlook despite US strike

Automaker Stellantis confirmed Tuesday its 2023 outlook thanks to a jump in third quarter revenue despite a costly strike in the United States.

Brazil's booming ag sector draws cash and controversy

With its massive output of soybeans, beef, cotton and now corn, Brazil has become one of the world's top agricultural powers. But its agribusiness industry also faces criticism, especially over destruction of the Amazon rainforest.

Israel aims shock-value online campaign at Europe

Israel is running a hard-hitting online campaign targeting mostly Europeans with shocking images and testimonies from the attacks carried out by Islamist militant group Hamas on October 7.

China's electric bus revolution glides on

On a rainy afternoon in Shenzhen, damp passengers jostle their way onto the megacity's buses, the quiet foot soldiers of an electric revolution for coal-guzzling China's public transport network.

Charging ahead: Dutch eye boost to 'fast charger' EV network

At a service station near Amsterdam's Schiphol Airport, a steady stream of motorists charge up their electric vehicles at "ultra-fast" power points. The whole process takes less than 20 minutes.

Stocks mixed, oil subdued as traders eye Mideast and central banks

Asian stocks were mixed Tuesday, with traders tracking developments in the Middle East crisis as Israel presses on with its ground incursion of Gaza, while hopes the conflict will not spill over regionally kept oil prices subdued.

Samsung Electronics says Q3 operating profits down 77.57%

South Korea's Samsung Electronics said Tuesday that its operating profits for the July to September period were down 77.57 percent from the year before, even as new smartphone releases boosted revenue.

Panama tribunal rejects holding mine deal referendum

Panama's electoral tribunal on Monday dismissed the idea of organizing a referendum in December on a mining contract that has ignited countrywide protests.

US auto strike nears end as union, GM reach tentative deal

A wave of strikes that disrupted the three largest US automakers for six weeks looked to have been finally resolved Monday, as the auto workers union reached a tentative agreement with holdout General Motors.

US auto workers union reaches tentative deal with GM

The US auto workers union reached a tentative agreement with General Motors on a new labor contract Monday, a source close to negotiations told AFP, paving the way to ending a six-week strike at major car manufacturers.

HSBC profits surge on higher interest rates

Banking giant HSBC on Monday posted surging profits for the third quarter as lenders pass on interest-rate hikes carried out by central banks.

Berliner Tageblatt - Economy (English)