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Featured

'No time to recover': UNDP chief sounds alarm on growing poverty after Iran war shock

Millions could be thrown into poverty by surging energy costs, the impact of an intense El Nino phenomenon and higher interest rates, with vulnerable countries being pushed to the brink by repeated crises, the UN's development chief told AFP.

Tech stock lead rout after US inflation fuels rate hike bets

Asian stocks plunged Thursday as tech firms suffered another painful rout after forecast-topping US inflation data fuelled expectations the Federal Reserve will have to ramp interest rates higher.

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French PM to visit farm as agricultural unions vow Paris 'siege'

French Prime Minister Gabriel Attal will visit a cattle farm on Sunday, his office said, as agricultural unions prepare to mount a "siege" on the French capital to pressure the government into meeting their demands on pay, tax and regulations.

French farmers unions vow Paris 'siege' in pay, conditions battle

Farmers' leaders in the Paris region on Saturday promised to mount a "siege" on the French capital next week to pressure the government into meeting their demands on pay, tax and regulations.

Farmers vow Paris 'siege' in pay, conditions battle

Farmers in the Paris region on Saturday promised to mount a "siege" on the French capital next week to pressure the government into meeting their demands on pay, tax and regulations.

Boeing exec apologizes over MAX 9 problem, promises fixes

A top Boeing executive has apologized for the problems highlighted by the mid-flight blowout of a door plug on an Alaska Airlines flight, as two airlines began returning the troubled 737 MAX 9 planes to service.

Hundreds march against gender violence in Kenya

Several hundred people marched in Nairobi on Saturday to protest against femicide in Kenya where over a dozen women have been killed this month in cases that shocked the nation.

US strikes Huthi target in Yemen after attack on British oil tanker

US forces struck an anti-ship missile in Huthi-held Yemen that they said was ready to fire early Saturday, hours after the Iran-backed rebels caused a fire on a British tanker in the Gulf of Aden with a similar munition.

Sweet and 'spicy': Nicaraguan cigars winning over the world

With a deftness that comes from four decades of experience, Aristo Torres sorts tobacco leaves at a factory in Nicaragua -- a country making great strides in the manufacture and export of cigars.

Yemen's Huthis claim attack on British oil tanker

Yemen's Huthis claimed Friday a missile strike on a British oil tanker in the Gulf of Aden that set the vessel on fire, the latest attack on international shipping by the Iran-backed rebels.

Transgender swimmer Lia Thomas challenges ban before CAS

American swimmer Lia Thomas, who became the first transgender athlete to win a US national college title, is taking legal action in a bid to be allowed compete again in elite female competition, including the Paris Olympics.

Maignan 'serene and strong' despite racist abuse, says AC Milan coach

Mike Maignan, the victim of racist abuse in AC Milan's last match, is "serene and strong" ahead of his next Serie A game, coach Stefano Pioli said on Friday.

Outrage over deepfake porn images of Taylor Swift

Fans of Taylor Swift and politicians expressed outrage on Friday at AI-generated fake porn images that went viral on X and were still available on other platforms.

UK facing Brexit realities after failed Canada talks

The UK's failed free trade talks with Canada show that it is struggling to deliver on its promises to thrive after Brexit, experts said on Friday.

Paris stocks hit record thanks to luxury

Europe's main stock markets shot higher Friday, with Paris closing at a record high as shares in LVMH surged on record annual profits at the French luxury group.

European stocks rally, but Wall Street and Hong Kong fizzle

Europe's main stock markets shot higher Friday, with Paris leading the way as shares in LVMH surged on record annual profits at the French luxury group.

Howe says financial rules could force Newcastle to sell Joelinton

Newcastle manager Eddie Howe said Friday that Premier League financial rules could force the club into selling star midfielder Joelinton at the end of the season.

Paris, London stock markets rally, as Hong Kong surge fades

Europe's main stock markets shot higher Friday, with Paris leading the way as shares in LVMH surged on record annual profits at the French luxury group.

India fetes France's Macron at annual military parade

President Emmanuel Macron was guest of honour Thursday for India's pomp-filled annual military parade, in a state visit aimed at shoring up France's strategic ties with the world's fifth-largest economy.

Asian equity rally fades despite Wall St records sparked by US data

The rally in Asian markets petered out Friday, with profit-takers paring three-day surges in Hong Kong and Shanghai as traders await more guidance on China's plans to support the country's battered economy.

Hungry Indians queue for Israel jobs as war in Gaza rages

Indians queuing in long lines for jobs in Israel as the war with Hamas grinds on say the risks to their safety are preferable to hunger at home.

Yellen touts Biden economic wins as 2024 campaign ramps up

US Treasury Secretary Janet Yellen on Thursday lauded the economic gains made under President Joe Biden, as the Democrat leader's reelection campaign revs up -- and his team seeks to show he has done more for the country than Donald Trump.

UK, Canada pause trade talks, agriculture remains a hurdle

British negotiators paused free trade talks with Canada on Thursday after years of discussions between the two Commonwealth nations, Ottawa said.

US indices finish at fresh records as ECB pauses rates again

Wall Street indices finished at fresh records Thursday on the back of strong US economic growth data while European stocks edged higher despite the European Central Bank signaling it was too soon to start considering interest rate cuts.

Biden lauds solid 2023 growth as reelection bid gains pace

US President Joe Biden and his Treasury chief touted the country's robust 2023 economic performance Thursday, with stronger than expected growth offering a boost as the Democratic incumbent revs up his reelection campaign.

Meta beefs up teen defenses at Instagram and Messenger

Meta on Thursday began blocking messages from strangers sent directly to young teens using Instagram or Messenger.

LVMH posts record sales and profit in 2023

The world's largest luxury goods group LVMH announced record results Thursday, even as growth slowed towards the end of last year and sales of spirits shrank.

Lloyds bank cuts almost 800 jobs in online switch

British retail lender Lloyds Banking Group on Thursday announced a net reduction of almost 800 jobs, as it slashes branch staff but boosts customer services.

Gravitational wave, Venus missions get European green light

The European Space Agency gave the green light to two missions on Thursday, one to detect ripples in spacetime called gravitational waves and another to probe the secrets of Earth's closest neighbouring planet Venus.

Microsoft lays off 1,900 staff after Activision gaming buyout

Microsoft is laying off 1,900 people, or eight percent of staff, from its gaming division as it consolidates the blockbuster buyout of "Call of Duty" maker Activision Blizzard.

US new home sales up in 2023, boosted by limited existing supply

Sales of new US homes jumped in 2023, according to government data released Thursday, supported by a lack of inventory in the existing homes market as mortgage rates remained elevated.

'Resilient' US economy defies recession fears to cap solid 2023

US economic growth was stronger than expected in the final months of 2023, government data showed Thursday, offering a boost to President Joe Biden as he heads into reelection campaigning.

'Premature' to talk rate cuts, says ECB after pausing again

The European Central Bank froze borrowing costs again on Thursday and expressed caution on inflation, with president Christine Lagarde saying it was still too early to consider rate cuts.

US stocks rise on strong growth data

Wall Street indices rose Thursday on the back of strong US economic growth data but European stocks diverged as the European Central Bank signalled it was too soon to start considering interest rate cuts.

Berliner Tageblatt - Economy (English)