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Featured

Prada profits pinched as growth hard to chase

Prada said Thursday that its net profit slumped in the first half of this year as it integrates its new brand Versace, amid what the luxury fashion company called a "disrupted" macroeconomic environment.

Stocks climb on earnings and rates, oil retreats

European and US stock markets advanced Thursday as traders tracked major earnings and central bank updates, while oil prices retreated after recent volatility caused by the Middle East war.

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Asian markets rally on Fed rate hopes, oil eases after surge

Equities rallied Tuesday after top Federal Reserve officials suggested the recent spike in US Treasury yields could act as a substitute for further interest rate hikes.

'They're afraid of joy': Pakistan's trans community fights hate

Clad in a Barbie-pink shalwar kameez, influencer and doctor Mehrub Moiz Awan reels off endless examples of harassment she's received since becoming the sharp-tongued figurehead of Pakistan's queer community.

China's Country Garden says might not meet all debt obligations

Debt-saddled Chinese property giant Country Garden said Tuesday that it did not expect to meet all of its offshore payment obligations in time as it battles to avoid default.

Global stocks mixed as oil surges on Israel-Gaza war

Wall Street rebounded Monday and European stocks dipped, as oil prices surged on fears that the war between Israel and Hamas militants in Gaza could escalate in the crude-rich Middle East.

US Fed should proceed 'carefully' on rate hikes, officials say

The US Federal Reserve should proceed carefully when deciding whether or not to hike interest rates further to bring down inflation, two senior officials said Monday.

t iOil soars as Hamas attack on Israel sparks war

Equity markets held their ground but world oil prices spiked Monday after Hamas launched a shock deadly attack on Israel, which has declared war on Gaza, sparking fear of an escalating conflict in the crude-rich Middle East.

2023: A record Nobel haul for women

It as been a record year for women in the Nobel prizes season, with Claudia Goldin of the United States swelling their ranks on Monday by winning the Economics Prize.

Oil soars as Hamas attack on Israel sparks war

World oil prices spiked Monday after Hamas launched a shock deadly attack on Israel, which has declared war on Gaza, sparking fear of an escalating conflict in the crude-rich Middle East.

Claudia Goldin wins Nobel for work on women in the labour market

The Nobel prize in economics was on Monday awarded to American economist Claudia Goldin for her research that has helped understand the role of women in the labour market.

Fears over Uganda's anti-gay law threaten HIV progress

At a mostly empty clinic catering to HIV patients, staff monitor CCTV footage for potential spies, reflecting the fear among Ugandan health workers following the adoption of a controversial anti-gay law.

Economics prize closes out 2023 Nobel season

The economics prize closes the prestigious Nobel awards season on Monday, with specialists on credit, the job market or inequalities expected to be among the contenders.

Oil prices jump as Hamas attack on Israel fuels supply fears

Oil prices rallied while the dollar and yen advanced Monday after Hamas launched a shock attack on Israel at the weekend, sparking fresh concerns about tensions in the Middle East.

IMF, World Bank hold first meetings in Africa in 50 years

The IMF and World Bank gather in Morocco Monday for their first annual meetings on African soil in 50 years, under pressure to reform to better aid poor nations blighted by debt and climate change.

A new 'Exorcist' takes possession of N.America box office

Fifty years after the original, newly released "The Exorcist: Believer" topped the North American box office this weekend with an estimated $27.2 million in ticket sales, industry watcher Exhibitor Relations said Sunday.

At a US shooting range, more women pull the trigger

Clad in a pink T-shirt that reads "A girl and a gun," firearms instructor Charneta Samms shows a group of women how to get a proper grip on a pistol.

US stocks bounce back to finish higher after surprising jobs data

Wall Street stocks rebounded to join major European indexes in positive territory Friday, after an initial sag as traders digested a hotter than expected US jobs report.

US auto workers' union reports progress, holds off on strike expansion

Citing last-minute progress in talks, the head of the US auto workers' union said Friday the labor group would maintain the current strike but not expand it to other plants this week.

Kenya's Ruto to ask China for $1bn loan, debt restructure

Kenyan President William Ruto will ask China for a $1-billion loan and a restructured debt payment plan, his deputy said Friday, despite having criticised his predecessor's heavy borrowing from Beijing.

Poland and Hungary clash with EU over migration reform

A furious row over planned changes to Europe's migration rules overshadowed an EU summit Friday, although supporters of the reform vowed opposition from Poland and Hungary would not derail it.

Hot US jobs data fails to take shine off markets

After an initial sag to digest hotter than forecast US employment data, Wall Street joined major European indices in positive territory Friday despite fears a bullish jobs market will likely keep interest rates higher for longer.

Pioneer shares rocket higher on ExxonMobil takeover reports

Shares of Pioneer Natural Resources surged more than 10 percent Friday following reports the shale producer is nearing a megadeal to be acquired by ExxonMobil.

Wall Street cools on hot US job data

Wall Street cooled Friday on hot US employment data for September amid fears the bullish jobs market showing may keep interest rates higher for longer.

US logs fastest hiring pace in months

US employers picked up their hiring pace unexpectedly in September while unemployment held steady, government data showed on Friday, adding pressure on policymakers seeking to cool the economy.

Stock markets advance before US jobs

Major stock markets mostly advanced and the dollar struggled Friday before the release of key US jobs data set to influence the outlook for interest rates.

Africa to get 'stronger voice' at IMF: Georgieva

Sub-Saharan Africa will have a "stronger voice" at the International Monetary Fund as it will get a third seat on the global lender's executive board, IMF chief Kristalina Georgieva told AFP.

Narges Mohammadi: Iran's defiant voice even behind bars

Iranian campaigner Narges Mohammadi has for decades campaigned on the most sensitive issues in the Islamic republic, opposing pillars of the clerical system including capital punishment and the obligatory hijab, and defiantly refusing to give up her campaigning even behind bars.

China's North Korean eateries refuse South Korean diners

South Koreans hoping to taste authentic North Korean cuisine abroad may be out of luck, with Pyongyang-run restaurants across northern China saying they will refuse to serve their capitalist compatriots.

Asian markets mostly advance, bucking US losses

Hong Kong led the charge as most Asian markets posted gains Friday, shrugging off Wall Street losses ahead of key US jobs data due later in the day.

Luxembourg, EU's richest country, grapples with housing crisis

Luxembourg's residents may be classified as the wealthiest in the European Union, but the sky-high cost of buying or renting a home in the country has made living there nearly impossible for some.

Adopt a friend: South Korean writer's unusual route to family

South Korean writer Eun Seo-ran was happily single, until a medical emergency made her want family around to help. But she took an unconventional route: legally adopting her best friend.

Asian markets buck US losses, post gains

Asian markets posted gains in early trade Friday, shrugging off Wall Street losses ahead of key US jobs data.

In US, lack of affordable child care hinders work force

Parents of young children in the United States are finding that with day care centers in short supply, or too expensive, more and more of them -- mostly mothers -- are having to stay at home to look after their kids.

Berliner Tageblatt - Economy (English)