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Featured

Workers to strike at world's largest copper mine in Chile

Workers at the world's largest copper mine in Chile will go on strike on Wednesday after pay talks with Australian mining giant BHP fell apart, the union said.

Ukraine accuses US of helping Russia as missiles hit Kyiv

Ukraine on Wednesday accused the United States of helping Russia, saying Washington failed to warn it of incoming missile strikes and slowed the Starlink system it relies on for its battlefield communications and frontline logistics.

Last news

EU tells China 'differences' must be addressed

EU President Ursula von der Leyen told Chinese leader Xi Jinping on Thursday that the bloc and its biggest trading partner must address their differences, as they began the first in-person EU-China summit in over four years.

China says exports rise for first time in seven months

Chinese exports rose in November for the first time in seven months, officials said Thursday, as the country navigates a troubled recovery from the Covid-19 pandemic.

EU leaders meet China's Xi for summit with high stakes but low expectations

European leaders met Chinese President Xi Jinping in Beijing on Thursday for talks dominated by divisions between the bloc and its largest economic partner over everything from trade to the war in Ukraine.

New York's Met takes a feminist look at global fashion

New York's Metropolitan Museum has pulled the curtain back on its latest blockbuster exhibit, showcasing women couturiers many of whom have been kept in the shadows of obscurity until now.

G7 leaders agree to restrict imports of Russian diamonds: statement

G7 leaders agreed on Wednesday to restrict imports of Russian diamonds from next year in a tightening of sanctions over Moscow's invasion of Ukraine, they said in a statement.

US oil prices slide below $70 a barrel; mixed day for global stocks

US oil prices finished below $70 a barrel for the first time since July on Wednesday on a mixed day for global equities, as traders pondered hopes for interest rate cuts from the European Central Bank and the US Federal Reserve.

COP28 head presses nations to reach climate 'compromise'

The Emirati head of the UN's climate conference pressed countries on Wednesday to strive for common ground and reach a "historic" deal by early next week, giving negotiators days to untangle disagreements over the fate of fossil fuels.

Big US banks balk at new capital rules in Senate hearing

Large US banks railed against new proposed capital requirements at a congressional hearing on Wednesday, joining Senate Republicans in casting the measures as crimping loans to everyday Americans.

Rwanda threatens pull out from migrants deal if UK acts unlawfully

Rwanda on Wednesday warned that it would pull out of a treaty to accept migrants if the UK does not respect international law, as hardliners in London turned the screw on Prime Minister Rishi Sunak.

US Treasury targets network for fentanyl import

The United States is imposing sanctions on 15 Mexican individuals accused of involvement in importing fentanyl into the country, Treasury Secretary Janet Yellen said Wednesday, as Washington seeks to further the fight against the deadly substance.

Hardline ex-minister warns UK PM of poll wipeout over immigration

Britain's hardline former interior minister Suella Braverman on Wednesday issued Conservative Prime Minister Rishi Sunak an ultimatum to get tougher on immigration or face certain wipeout at the polls.

Canada maintains key interest rate at 5%

Canada's central bank on Wednesday held its key lending rate at five percent, citing the global economic slowdown and easing inflation.

Shark net protects swimmers in French Pacific territory

Beach lovers were able to take a dip in New Caledonia's capital Noumea for the first time in months Wednesday, after the French Pacific territory installed a controversial net to keep sharks out.

Cracks in Western support pose new challenge for Ukraine

Ukraine faces growing diplomatic headwinds after its summer counter-offensive against Russia's forces faltered, with aid from vital backers in the United States and EU being increasingly called into question.

Google looks to take generative AI lead with Gemini

Google on Wednesday infused its Bard chatbot with a new-generation artificial intelligence model called Gemini, which it touts as being able to reason better than ChatGPT and other rivals.

Italy's ruling parties kill minimum wage bill

Italy's governing right-wing parties on Wednesday scuppered an attempt by the opposition to introduce a minimum wage, which would have brought the country into line with the majority of the EU.

US October trade deficit widens further on decline in exports

The US trade deficit continued to grow in October due to a fall in exports, according to government data published Wednesday.

US private sector job growth slows in November

Hiring in the US private sector eased in November, as the post-pandemic boom in restaurant and hotel employment moderated, payroll firm ADP said Wednesday.

Stock markets rise on rate-cut hopes

Global equities rose Wednesday with Frankfurt striking a record peak, as investors tracked resurgent hopes of interest rate cuts from the European Central Bank and the US Federal Reserve.

Volkswagen to reduce workforce as it chases profits

Volkswagen said Wednesday it would cut its workforce over the coming years as the German auto giant seeks to boost its profitability and reboot a faltering shift to electric cars.

Paris officials warn against metro price hikes during Olympics

The mayor's office in Paris has urged the regional transport authority to abandon its plan to near-double metro fares during the Olympics this summer.

EU proposes three-year delay on UK electric car tariffs

Brussels proposed Wednesday a three-year delay on tariffs on the sale of electric vehicles between Britain and the EU that was meant to kick in from January, in a major reversal of its previous position.

Record passengers as airline industry recovers from pandemic

Airlines should carry a record number of passengers next year as the sector puts the Covid-19 pandemic behind it, the industry's top trade association said Wednesday, although profitability remains a concern.

Markets on front foot as US jobs data provide new rate cheer

Equities rose Wednesday after a tepid start to the week as data pointing to a softening US labour market restoked hopes the Federal Reserve will cut interest rates in the new year.

Argentina's Milei doggedly devoted to cloned pooches

He dedicated his election victory to them: the clones he had made of his beloved dog, Conan. Argentina's ultra-libertarian president-elect Javier Milei may be considered barking mad by some, but is nothing if not devoted to his "four-legged children."

High speed rail in US west gets $6bn boost

Proposed high-speed rail lines in the western United States moved a step closer to reality Tuesday with the announcement of $6 billion in government grants.

High speed rail between LA and Las Vegas gets $3bn boost

A proposed high-speed rail line linking Los Angeles with the US gambling and entertainment capital Las Vegas moved closer to reality Tuesday with the announcement of a $3 billion government grant.

'Bad buzz': How video games learnt to embrace diversity

The most notorious, violent and often sexist video game "Grand Theft Auto" is finally dropping a playable woman character into its testosterone-fuelled world, capping a wider trend towards more inclusivity in the gaming industry.

Business as usual: Record number of fossil fuel lobbyists at COP28

NGOs may have slammed the record number of fossil fuel lobbyists at UN climate talks in Dubai, but the industry won't be browbeaten, with the OPEC cartel hosting a chat on "climate initiatives" and one of the heads of the "Big Oil" majors sparring with protesters.

US, European stocks mixed as data comforts rate-cut bets

US and European stocks diverged on Tuesday despite data comforting expectations that central banks may begin cutting interest rates soon.

Killer's wife says role in British student's death 'unforgivable'

The widow of a French serial killer known as the "Ogre of the Ardennes" on Tuesday admitted she played an "unforgivable" role in the 1990 rape and murder of British student Joanna Parrish by her former husband.

EU chief warns China on trade gap ahead of summit

European Union chief Ursula von der Leyen warned Tuesday, ahead of an annual EU-China summit, that Europe won't tolerate its soaring trade imbalance with China forever.

Berliner Tageblatt - Economy (English)