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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

Kenya's debt rises to historic high: treasury

Kenya's debt level has reached record highs despite President William Ruto's vow to tame the country's appetite for loans, treasury figures show.

Vietnam's VinFast targets US electric car market

Vietnamese electric vehicle maker VinFast has made its debut on the Nasdaq, and its shares soared to push its stock market valuation past Ford and General Motors on its opening day of trading.

Hong Kong exchange posts 31% rise in H1 profit despite IPO malaise

Hong Kong's stock exchange operator reported a "strong" first-half net profit of HK$6.31 billion ($807 million) on Wednesday, up 31 percent on the same period last year despite IPO activity being impacted by "global market fragility".

Asian markets fall on China woes, US rate concerns

Asian markets fell Wednesday on concerns about the Chinese economy and after stronger-than-expected US retail sales data increased the likelihood of a further Fed rate hike.

Plus-size movement reshapes fashion in Brazil

Defying the fashion world's narrow stereotype of beauty, Brazilian plus-size designer Amanda Momente poses confidently for the camera, wearing the clothing label she founded after failing to find other options that fit.

'Nothing allowed for them': Afghan women demand education rights in UN appeal

Engineering student Somaya Faruqi had to flee Afghanistan to continue her studies after the Taliban government returned to power two years ago and banned more than 1.1 million girls and women from schools and universities.

Iran re-arrests reporter who interviewed Amini father: activists

Iranian authorities have re-arrested a journalist who interviewed the father of the woman whose custody death sparked months of protests, just two days after her release from jail, activists said on Tuesday.

Russia tests digital ruble in bid to bypass sanctions

Russia began testing its new digital ruble with consumers on Tuesday, in the hope blockchain technology will help it evade sanctions and tighten control over its citizens.

Global stocks down on weak Chinese data

Global stocks fell on Tuesday after disappointing data from China deepened concerns over the state of the world's second-largest economy.

US retail sales bounce with online spending boost

US consumer spending rose more than anticipated in July, according to government data released Tuesday, showing resilience even as the economy cools on the back of a boost from online spending.

UK's long-term sick pile pressure on economy

The number of people not working in the UK due to chronic illnesses has soared since the pandemic, putting pressure on the British economy, analysts said on Tuesday.

French fire near Spanish border contained but dangerous: officials

A wildfire in France that triggered the evacuation of more than 3,000 people from holiday campsites near the Spanish border has been contained but remains dangerous, regional authorities said on Tuesday.

Europe stocks down on weak Chinese data

European stocks fell on Tuesday after disappointing data from China deepened concerns over the state of the world's second-largest economy.

Regional diplomacy in Niger crisis sheds light on cross-border ties.

Religious leaders and politicians in northern Nigeria have opened back-door channels in a frantic attempt to stave off military intervention in coup-stricken Niger.

UK unemployment climbs as wages grow at record rate

UK unemployment increased in the three months to the end of June while wages grew at record annual pace, official data showed Tuesday, as the economy struggles with high inflation.

Young Chinese scratch an economic itch with lottery cards

Chinese livestreamer Chen Ying has spent more than 100,000 yuan (around $14,000) on lottery scratch cards, which she systematically scrapes through on camera for her followers on social media platform Douyin.

Disney to shut Lucasfilm studio in Singapore

Lucasfilm's visual effects and animation studio in Singapore will close down in the coming months due to economic reasons, parent firm Disney said on Tuesday.

Russian central bank hikes key rate after ruble falters

Russia's central bank on Tuesday hiked its key interest rate from 8.5 to 12 percent, after the ruble crashed to a more than 16-month low against the dollar.

Asian markets mixed on US tech rally, weak China data

Asian markets were mixed Tuesday as a US tech rally buoyed sentiment while a batch of disappointing data from China stoked concerns over the state of the world's second-largest economy.

China stops releasing youth jobs data as economic figures disappoint

China on Tuesday said it would stop releasing data on its rising youth unemployment as a raft of disappointing figures stoked concerns over the state of the world's second largest economy.

Japanese economic growth smashes expectations

Quarterly growth data for Japan smashed expectations on Tuesday as car exports rebounded and tourists flooded back, but economists cautioned that it may not last.

Asian markets climb on US tech rally, China cuts rate

Asian markets rose Tuesday as a US tech rally bouyed sentiment although concerns over China weighed on Hong Kong as a surprise rate cut and a batch of weak figures gave little cheer on the economic outlook.

China suspends release of youth unemployment rates as economic data disappoints

China on Tuesday said it would suspend the release of youth unemployment rates, as its central bank cut a key interest rate to boost flagging growth.

China retail sales growth slows, falling below forecasts

China on Tuesday released weaker than expected economic data, with slowing retail sales growth pointing to shaky consumer confidence in the world's second-largest economy.

Economic jitters as outsider leads Argentina election race

Argentina devalued the peso as economic jitters gripped the country on Monday after an anti-establishment candidate advocating harsh austerity measures surged to the front of the presidential race.

Yellen calls for diversified clean energy supply chains

US Treasury Secretary Janet Yellen stressed Monday the need for diversified clean energy supply chains as America shifts away from fossil fuels, warning that production should not be concentrated in a few countries.

UBS to pay $1.4 bn to settle US fraud charges on subprime loans

UBS will pay $1.4 billion to settle US charges that it defrauded investors in the sale of mortgage-backed securities, resolving the last big case stemming from the 2008 financial crisis, the Justice Department announced Monday.

Biden calls for 'fair' contract as threat of US auto strike looms

President Joe Biden called on Monday for a "win-win" labor agreement between US car manufacturers and the United Auto Workers (UAW), weighing in as a potential strike looms next month.

Clarence Avant, 'Godfather of Black Music,' dies at 92

Clarence Avant, the entertainment executive who is counted among the music world's most impactful figures, died over the weekend, a statement from his family said Monday. He was 92 years old.

Hawaii star chefs mount massive operation to feed fire survivors

When the devastating wildfire ripped through Hawaii's Lahaina community last week, some of the archipelago's most renowned chefs sprang into action to help as best they could: in the kitchen.

Belgian pilots strike, cancelling 88 Ryanair flights

Belgian pilots staged their latest strike against Ryanair on Monday, forcing the Irish operator to cancel 88 flights through Charleroi, one of its busiest European hubs.

Foxconn boss sees potential to invest billions in India

Taiwanese tech giant and key Apple supplier Foxconn said Monday it sees the potential to invest "several billion dollars" in India, with the firm looking to diversify its manufacturing away from China.

Berliner Tageblatt - Economy (English)