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Featured

Amazon beats expectations with cloud and AI growth

Amazon beat analysts' expectations on Thursday when it reported growth in overall revenue and sales, particularly in its cloud, artificial intelligence and chips divisions.

Blowout Microsoft results lift US stocks as oil retreats

Wall Street stocks rebounded Thursday as blowout Microsoft results and moderating oil prices blunted worries about higher US Treasury yields.

Last news

Asian markets swing but US rate outlook feeds uncertainty

Markets flittered between gains and losses Wednesday as the hefty selling witnessed in the first few days of the week eased but traders remain consumed by worries over the economy as the Federal Reserve considers hiking interest rates further.

Rising crime in US capital divides politicians, puzzles researchers

Violent crime is on the rise in the US capital, where a 28-percent uptick in homicides this year has left researchers perplexed and politicians pointing fingers.

Hit soccer video game adds mixed-gender teams, sheds FIFA name

The blockbuster soccer video game franchise from Electronic Arts, no longer linked to FIFA, will allow mixed-gender lineups in fantasy matches that have triggered sexist pushback even before the Friday release.

Sacred cow: Ball makers break taboos for India's favourite sport

Stitching together cricket balls is a wearisome task for leatherworker Bunty Sagar, whose labours are frowned upon by many fellow Indians even if he makes their favourite pastime possible.

World Bank chief vows to tackle 'dysfunctionality' at development lender

World Bank President Ajay Banga said Tuesday that he is working to reform "dysfunctionality" in the boardroom of the development lender, and pledged to refocus its mission to better address the challenges posed by climate change.

With shutdown looming, US Senate offers short-term budget fix

The US Senate drafted a last-ditch short-term budget proposal Tuesday as time was running out on Congress to avoid a partial government shutdown.

Biden makes history by joining US picket line

Joe Biden became the first sitting US president to stand on a picket line Tuesday, joining striking auto workers in Michigan in a bold pitch for blue collar votes against likely election rival Donald Trump.

Biden makes history by joining US auto workers picket line

Writers' guild leaders to meet on Hollywood studio offer

Leaders of the Writers Guild of America will meet Tuesday to decide whether to accept a pay deal hammered out with studios, and could agree to halt a months-long strike that has paralyzed Hollywood.

Spain prosecutors say Shakira owes $7mn in tax

Colombian pop idol Shakira, who stands trial in Barcelona in November for tax fraud, is facing a fresh probe by prosecutors who claim she cheated Spain's tax office out of 6.6 million euros.

Biden makes history by joining striking US car workers

Joe Biden joined striking auto workers on the picket line in Michigan Tuesday in a historic first for a sitting US president, a day before rival Donald Trump makes his own bid for the blue collar vote in the battleground electoral state.

Days from shutdown, US budget talks threaten Ukraine aid

The US Congress was running out of time Tuesday to avoid a partial government shutdown forced by hard-right Republicans, throwing into doubt White House plans to provide another $24 billion in war aid for Ukraine.

Dior mocks sexist stereotypes at Paris Fashion Week

After scoring a PR coup by dressing Queen Camilla for the state dinner at Versailles earlier this month, Dior took aim at sexist stereotypes for its latest show in Paris on Tuesday.

Biden to join striking car workers in 'historic' move

US President Joe Biden began an unprecedented trip to join striking auto workers on the picket line in Michigan Tuesday, a day before rival Donald Trump makes his own bid for the blue collar vote in the battleground electoral state.

JPMorgan Chase to pay $75 mn to settle Epstein-linked sex trafficking suit jmb/st

JPMorgan Chase announced Tuesday that it will pay $75 million to settle a US Virgin Islands' (USVI) lawsuit that accused the bank of facilitating Jeffrey Epstein's sex trafficking ring.

Sick leave in UK hits 15-year high: study

Sick leave in the UK has hit its highest rate in 15 years and is well above pre-pandemic levels, a study showed Tuesday.

Need for critical metals poses dilemmas for investors

Soaring demand for the raw materials needed for the transition towards renewable energy is creating dilemmas for investors weighing the economic, environmental and human rights risks of such projects.

Axed: Rampant logging hits India's batmakers for six

When the Cricket World Cup opens in India next month several players will carry Kashmiri willow wood bats, but manufacturers say over-exploitation of trees means their craft faces ruin.

'Treated like slaves': Workers dying in ArcelorMittal's Kazakh mines

Standing in the vast windswept plains of the Kazakh steppe, miner Vladimir Khaniev stoically recalled the explosion that left him permanently disabled.

'Last hope': Desperate truckers in Germany stage hunger strike

Truck drivers who transport goods around Europe have staged a hunger strike in Germany as part of a weeks-long work stoppage, describing it as their "last hope" to draw attention to the exploitation they say they suffer.

Sudan's vital date industry struggles in war-decimated economy

The lush palm groves of Karima are a long way from Sudan's battlefields, but the war's effects are all too present, leaving farmers struggling to find buyers for this year's harvest.

Biden, Trump in dueling US auto strike trips

US President Joe Biden will join the picket line with striking auto workers on a historic trip to Michigan Tuesday, putting him on a collision course with likely 2024 election rival Donald Trump who visits a day later.

Maduro says ready to meet with Guyana leader on border dispute

Venezuelan President Nicolas Maduro called Monday for direct talks with his Guyanese counterpart to resolve mounting tensions between the two South American neighbors over a disputed border region rich in oil.

EU trade chief warns China data laws could have 'unintended consequences'

The EU trade commissioner warned Tuesday that Chinese regulations governing the transfer of data out of the country, including a revised anti-espionage law, could have "unintended consequences".

Ford pauses work on $3.5 bn battery plant

Ford is halting work on a major battery plant in the northern US state of Michigan, the automaker said Monday, just seven months after launching the project with a Chinese partner.

US stocks end losing streak as Europe, Asia fall

US stocks snapped a four-day losing streak to end higher Monday, while European and Asian markets fell on fresh concerns about the embattled Chinese property market.

Strike deal only first step in resolving film industry crisis

A tentative deal to end a long-running writers' strike that has paralyzed Hollywood is only a first step in resolving a film industry crisis, as an equally bitter studio stand-off with the actors' union stretches on.

Polish farmers warn of EU threat from Ukraine grain

At his family farm, Wieslaw Gryn voiced support for Poland's ban on Ukrainian grain imports, but said it had not reversed a price drop that threatens his livelihood and those of other European farmers.

Picasso masterpiece begins pre-auction tour in Dubai

A Pablo Picasso masterpiece expected to fetch at least $120 million at auction went on show Monday in Dubai, kicking off a set of rare viewings outside the United States.

Stock markets largely retreat, oil climbs

Stock markets mostly dropped Monday on the possibility of more hikes to US interest rates, with Federal Reserve officials struggling to contain inflation as oil prices march higher.

The humble sardine: a key ingredient of Portuguese life

The humble sardine, a feature of the street parties that pop up across Portugal in summer, makes up two thirds of the country's fish catch and has spawned an important canning industry.

Amazon steps up AI race with $4 bn Anthropic investment

Amazon said on Monday it would invest up to $4 billion in AI firm Anthropic, as the online retail giant steps into an AI race dominated by Microsoft, Google and OpenAI.

Berliner Tageblatt - Economy (English)