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Featured

Sao Tome's niche vanilla finds far-away fans

The plump, bright-green vanilla pods growing in tiny Sao Tome's vast leafy plantations may well end up in some of Europe's finest dining.

Higher borrowing costs an 'alarm signal' for France: finance minister

The higher interest rates on France's government debt are an alarm signal for the country even though Paris retains the confidence of bond investors, the country's finance minister said Wednesday, as concerns grow over the sustainability of the French budget.

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UK's HS2: trying to bridge the gap between cost and ambition

The unfinished Colne Valley Viaduct traces a gentle curve over several lakes northwest of London, a picturesque symbol that belies the ugly debate over the ambitious but expensive HS2 train line.

US judge halts pending TikTok ban in Montana

A federal judge on Thursday temporarily blocked a ban on TikTok set to come into effect next year in Montana, saying the popular video sharing app was likely to win its pending legal challenge.

After success abroad, Saudi designers hit the runway at home

Couturier Adnan Akbar's past clients included Princess Diana and two French first ladies, but until recently he had never staged a major fashion show in his native Saudi Arabia.

Canadian mining firm seeks to suspend 7,000 workers in Panama

Canadian firm First Quantum Minerals on Thursday asked Panama's government to suspend the contracts of some 7,000 workers at Central America's biggest copper mine, due to be closed under a court ruling.

Giddy Musk unveils Cybertruck in Tesla's latest defiant bet

Tesla began customer deliveries of the Cybertruck on Thursday, bringing to fruition an Elon Musk passion project that the billionaire boasts is stronger than bullets and faster than a Porsche.

Celebrated US photographer Elliott Erwitt dead at 95

US photographer Elliott Erwitt, renowned for capturing the lighter side of his subjects, their canine companions and celebrities, has died aged 95, the Magnum agency where he was a mainstay said Thursday.

OPEC+ slashes oil output further to boost flagging prices

Major oil-producing nations Saudi Arabia and Russia on Thursday announced they would further slash production in an effort to prop up volatile prices following an OPEC+ meeting.

Royals mull response after names revealed in Harry and Meghan 'racism' row

Buckingham Palace is considering its next move after a British TV host named two royals who allegedly raised concerns about the skin colour of Prince Harry's son, a royal source said Thursday.

Falling inflation gives equities a boost

A drop in inflation in Europe and the United States sent stocks climbing on Thursday, boosting expectations that the US Fed and ECB may be able to soon cut interest rates, although profit-taking set in on Wall Street.

OPEC+ mulls further output cuts to boost flagging prices

Major oil-producing nations led by Riyadh and Moscow were moving towards an agreement to further slash production to prop up volatile prices, a source close to the negotiations told AFP.

Falling inflation fuels rise in stocks

A drop in inflation in Europe and the United States sent stocks climbing on Thursday, boosting expectations that the US Fed and ECB may be able to soon cut interest rates.

US Fed's favored inflation gauge slows in October

A key inflation measure used by the US Federal Reserve to set interest rates eased further last month amid declining energy and goods prices, according to government data published Thursday.

UK's RMT union members accept pay deal to end long-running rail strikes

The RMT rail union on Thursday said its members have voted in favour of a pay deal to end more than a year of walkouts on the UK's strike-plagued rail network.

Intense talks as OPEC+ meets to decide over output amid tumbling prices

Uncertainty hovered over what major oil-producing nations -- collectively known as OPEC+ -- will decide on output policy as they headed into virtual meetings Thursday in a bid to halt a continuous slump in prices.

Eurozone inflation falls to more than two-year low

The annual rate of inflation in the eurozone fell to a more than two-year low in November, the EU's official statistics agency said Thursday.

First launch of Europe's Ariane 6 rocket planned for June-July

The European Space Agency announced on Thursday that the long-delayed first launch of its next-generation Ariane 6 rocket will take place between June 15 and July 31 next year.

Markets rise ahead of US inflation, but rate cut hopes build

Asian markets ticked higher Thursday, with focus on the release of key US inflation data that comes as traders ramp up bets the Federal Reserve will cut interest rates next year.

Celebrations as Nepal registers first LGBTQ marriage

An LGBTQ couple has acquired a marriage certificate in Nepal, officials said Thursday, a first in South Asia and hailed by the pair as a win "for all".

'Sea of misery': Indian rights lawyer spotlights plight of jailed women

After three years in detention experiencing the "sea of misery" endured by women in Indian jails, one of the nation's best-known rights lawyers warns that society's prejudices are amplified behind bars.

Markets drift ahead of US inflation, but rate cut hopes build

Asian markets struggled Thursday following another tepid performance on Wall Street, with focus on the release of key US inflation data that comes as traders ramp up bets the Federal Reserve will cut interest rates next year.

Brazil bank's ties to slavery reopen wounds, reparations debate

In 1853, Viscount Jose Bernardino de Sa, a Brazilian nobleman who made his fortune shipping enslaved Africans to the Americas, became the largest investor in the country's oldest bank, Banco do Brasil.

After 50 years, US to return to Moon on January 25

More than 50 years after the last Apollo mission, the United States will try once again to land a craft on the Moon on January 25, said the head of what could be the first private company to successfully touch down on the lunar surface.

Global stocks mixed as OECD warns of Middle East conflict risk

Oil prices rose again Wednesday following a report of possible additional output cuts by exporters as the OECD pared back its global growth forecast and warned of an economic hit from the Israel-Hamas conflict.

US slaps sanctions on crypto mixer used by N.Koreans for laundering

The United States on Wednesday slapped sanctions on a crypto mixer that it said was serving as a money laundering tool for hackers affiliated with the North Korean government.

US Fed finds signs of slowing economic activity

US economic activity has slowed in recent weeks and the labor market has continued to cool, the Federal Reserve announced Wednesday, as it continues its fight against stubborn inflation.

European, US stock markets up as bets build on rate cuts

Europe's main stock markets mostly rose Wednesday while Wall Street held onto gains as traders ramped up bets on the US Federal Reserve cutting interest rates in the new year.

With auto strike over, GM announces big share buybacks

General Motors announced hefty new initiatives Wednesday to return billions of dollars to shareholders, lifting its stock price as it estimated the recent labor strike hit at $1.1 billion.

Saudi wealth fund scoops up 10% of London Heathrow airport

Saudi Arabia's sovereign wealth fund is to buy ten percent of London's Heathrow airport from Spanish infrastructure giant Ferrovial, whose departure from the hub after almost two decades leaves Qatar as its biggest shareholder.

Ikea net profit surges in 2023 as sales rise

Swedish furniture giant Ikea saw a five-fold increase in net profit for its full-year 2023 which ended in August, boosted by rising sales, Ingka Group which owns most Ikea franchises said Wednesday.

Austrian property tycoon's Signa to file for insolvency

Rene Benko's real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, marking the spectacular downfall of the self-made Austrian tycoon.

European stock markets climb as bets build on rate cuts

Europe's main stock markets mostly climbed Wednesday as traders ramped up bets on the US Federal Reserve cutting interest rates in the new year after a top official sounded an optimistic note on the battle against inflation.

Austria property giant Signa to file for insolvency

Austrian real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, filing for court protection as it undergoes restructuring.

Berliner Tageblatt - Economy (English)