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Featured

Amazon surges as US stocks shrug off bond yield worries

Wall Street stocks charged higher Friday behind strong earnings from Amazon that offset the drag from higher US Treasury yields.

Oil giants report blowout profits on war, warn high gas prices could persist

US petroleum giants ExxonMobil and Chevron released blowout profits Friday due to the Middle East war, as executives cautioned that elevated gasoline prices will probably continue to strain consumers.

Last news

Arm listing may boost return to IPOs

The initial public offering of British chip designing giant Arm, announced on Monday, could signal a rebound in companies introducing their shares on stock markets after a year of relatively few such listings.

Kenyan court says Meta and sacked moderators to pursue settlement

Some 184 content moderators and Facebook's parent company Meta have agreed to pursue an out of court settlement in a lawsuit claiming unfair dismissal, court documents seen by AFP show.

Eurozone economic downturn deepens in August

The eurozone economy is contracting at its fastest rate in three years as a steep decline in manufacturing begins to spread to services, a key survey said Wednesday.

Markets broadly up as traders await Powell speech, Nvidia results

Markets mostly rose Wednesday with traders battling to maintain momentum from the previous day's much-needed rally as they contemplate an extended period of elevated interest rates.

Markets rally fades as traders nervously await Powell speech

Asian markets drifted between gains and losses Wednesday with traders struggling to maintain momentum from the previous day's much-needed bounce as they contemplate an extended period of elevated interest rates.

US stocks mostly fall as tech rally peters out

A rally in tech shares ran out of steam Tuesday, as US stocks mostly retreated amid worries over higher Treasury bond yields that offset investor appetite to keep buying equities.

UPS workers ratify contract, averting strike: Teamsters

The Teamsters union announced Tuesday that UPS workers overwhelmingly voted to ratify a new labor contract, officially ending the risk of an economically harmful strike.

Brazil high court rules homophobia punishable by prison

Brazil's Supreme Court ruled Tuesday that homophobic slurs are now punishable by prison, in a decision applauded by rights activists in a country with rampant violence against the LGBTQ+ community.

French grape-pickers wilt as 'heat dome' temperatures top 40C

Grape-pickers were out in French vineyards Tuesday bringing in this year's harvest in "torrid" conditions as temperatures shot past 40C in some areas of the country during a "heat dome" weather pattern that has brought misery to millions.

US home sales cool as mortgage rates remain high

Sales of homes in the United States ticked down in July, according to industry data released Tuesday, as elevated mortgage rates and limited housing supply held buyers back.

Getir cuts over tenth of global workforce

Turkish rapid grocery delivery firm Getir said Tuesday it was slashing over a tenth of its global workforce in a bid to stem losses and keep its foothold in parts of Europe and the United States.

Ex-OPEC president facing corruption charges in UK

Former OPEC president Diezani Alison-Madueke has been charged with bribery offences relating to her time as Nigeria's oil minister, the UK National Crime Agency said on Tuesday.

Canada to challenge latest US duties on softwood lumber

Ottawa announced Tuesday it will challenge the latest US duties on Canadian softwood lumber that it called "unfair, unjust and illegal."

British chip champion Arm files to go public in US

British chip designing giant Arm has launched the process for a public stock listing in New York, in what could be the biggest US share offering in years.

Stocks advance but traders fret over outlook

Stocks pushed higher Tuesday following a recent streak of losses, though investors' mood remained dimmed by concerns over China's economy and the outlook for US interest rates.

UK top bosses earn 118 times pay of workers: study

Bosses running Britain's biggest listed companies enjoyed payrises of 16 percent last year as workers' wages struggled with the worst cost of living crisis in a generation, research published Tuesday found.

Dubai airport traffic jumps 50%, tops pre-pandemic levels

Passenger traffic at Dubai international airport leapt 50 percent in the first half of the year, surpassing pre-pandemic levels, its operator said on Tuesday.

Sydney suburbs provide 'safe space' for gay rugby players

It would be hard to pick the Sydney Convicts from any other of the city’s suburban rugby union teams.

'Barbie' hits nerve in conservative Gulf

After being banned in some Arab countries, the film "Barbie" is dividing audiences in the conservative Gulf.

North Korea plans satellite launch as Seoul, US hold drills

North Korea has informed Japan it plans to launch a satellite in the coming days, Tokyo said Tuesday, less than three months after a failed effort saw a military satellite plunge into the sea.

Fukushima water release to begin Thursday: Japan PM

The release of wastewater from Japan's stricken Fukushima nuclear plant into the Pacific will begin on Thursday, Prime Minister Fumio Kishida has announced, despite opposition from fishermen and protests by China.

Stocks struggle as China rate cut fails to ease worries

European and US stocks struggled to rebound on Monday while Asian markets ended mixed after a Chinese rate cut failed to reassure investors worried about the outlook for the world's number two economy.

Stocks bounce despite China rate cut failing to ease worries

European and US stocks rebounded on Monday but Asian markets ended mixed after a Chinese rate cut failed to reassure investors worried about the outlook for the world's number two economy.

No recovery yet for 'lacklustre' German economy, says Bundesbank

Germany's "lacklustre" economy will likely stagnate again in the third quarter, the Bundesbank central bank said Monday, as weak demand from abroad and high interest rates take their toll on Europe's industrial powerhouse.

European stocks rebound, China rate cut fails to ease worries

European stocks rebounded Monday but Asian markets ended mixed after a Chinese rate cut failed to reassure investors worried about the outlook for the world's number two economy.

Markets mixed as China rate cut fails to ease economy worries

Markets were mixed Monday as China's decision to cut interest rates again failed to reassure investors, who are increasingly worried about the outlook for the world's number two economy.

Most markets sink as China rate cut fails to ease economy worries

Most Asian markets fell Monday as China's decision to cut interest rates again failed to reassure investors, who are growing increasingly worried about the outlook for the world's number two economy.

China cuts key interest rate to support economy

China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy.

From Furby to Grimace, brands cash in with nostalgic reboots

Furby and Polly Pocket are making a comeback -- and don't forget Surge soda and McDonald's Grimace -- as businesses deepen bets around consumers' nostalgia for decades-old brands.

'Can't sleep at night': China's youth worry about tough job market

Freshly graduated psychology major Zhang has failed to find a job in her chosen field of market research despite sending out thousands of CVs to Chinese employers.

U.S. Steel plays hard to get as potential suitors line up

United States Steel has launched a strategic review after receiving several unsolicited offers for a partial or total takeover, and has already rebuffed one "unreasonable" offer.

Stocks drop as investors worry about US rates, China woes

Shares fell Friday as investors contemplated the prospect that interest rates could remain higher for longer and on concerns over China's economy.

Berliner Tageblatt - Economy (English)