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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

Asian markets follow Wall St lower ahead of US inflation report

Stocks fell Thursday ahead of much-anticipated US inflation data, which comes against a backdrop of renewed concerns that the Federal Reserve could announce another interest rate hike before the end of the year.

Oil prices rise to multi-month highs; mixed day for global stocks

Oil prices rose to a multi-month peak Wednesday in the wake of OPEC supply cuts while global stocks were mixed following disappointing China data.

Uganda leader accuses World Bank of coercion after loan freeze

Uganda's President Yoweri Museveni on Wednesday accused the World Bank of using money to try to "coerce" the government over its controversial anti-gay legislation.

US announces curbs on outbound investments to China

The United States on Wednesday announced steps to restrict certain US investments in China, targeting high-tech sectors like semiconductors and artificial intelligence -- a move that could further strain bilateral ties.

Cubans wary of banks as government cracks down on cash

Accustomed to lugging around thick wads of cash, Cubans are skeptical of government efforts to force them to deposit their money into a crumbling banking system, in an effort to curb runaway inflation and boost liquidity.

White House offers prize money for hacker-thwarting AI

The White House on Wednesday launched a competition offering millions of dollars in prize money for creating new artificial intelligence systems that can defend critical software from hackers.

'No evidence' Facebook harms well-being: global study

There is "no evidence" that the growth in using Facebook led to "widespread psychological harm", the largest independent scientific study on the topic concluded Wednesday, contradicting previous analyses and widespread perceptions.

British artist behind iconic Sex Pistols record covers dies

UK artist Jamie Reid, whose distinctive designs for the covers of several Sex Pistols records made them instant art classics, has died at the age of 76, his gallerist said on Wednesday.

Eleven dead in France holiday home fire 'tragedy'

Eleven people were killed in eastern France on Wednesday when a fire tore through a holiday lodging being used by a group of adults with learning disabilities, officials said.

'Unsettled' Moscow residents tighten belts as ruble tanks

In central Moscow, retired businessman Igor Inkin is preparing to turn down simple pleasures like dessert as the value of the ruble in his pocket continues to slide.

AI bots need consent to use our material, say news groups

Artificial intelligence firms must ask for permission before using copyrighted text and images to generate content, a consortium of news groups said on Wednesday.

Stock markets waver after weak China data

Global stock markets were mixed Wednesday with Wall Street opening flat after European bourses rebounded with a mixed showing by Asia.

Ethiopia troops push back Amhara fighters: residents

Ethiopian troops appeared to be pushing back militia fighters in two cities in the conflict-hit Amhara region, residents said Wednesday, after local authorities reported that "relative peace" was being restored.

Kenya political rivals launch fresh talks after protests

Kenya's government and the opposition launched fresh talks Wednesday aimed at resolving a bitter political feud following a spate of violent protests over the high cost of living and calls for electoral reforms.

Nine bodies found in France holiday lodging fire 'tragedy'

Nine corpses were found Wednesday following a fire at a centre in eastern France where a group of adults with learning disabilities were taking their holidays.

European stocks rebound, Asia mixed after weak China data

European stock markets rebounded on Wednesday as bank shares recovered and after a mixed showing by Asia.

Springboks' success belies S.Africa's rugby inequality

On a parched pitch in an impoverished South African township, a group of young men do push-ups on the hard ground before kicking off a game of rugby.

Asian markets swing as China slips into deflation

Asian markets fluctuated Wednesday after data showing China slipped into deflation compounded worries about the world number two economy's faltering post-Covid recovery.

Cathay Pacific rebounds to first-half profit as travel picks up

Hong Kong carrier Cathay Pacific on Wednesday swung to a healthy profit in the first half of the year thanks to a pick-up in travel, with the airline expecting passenger capacity to reach 70 percent of pre-pandemic levels by end of the year.

How China is responding to economic challenges

China on Wednesday reported it had entered deflation for the first time since 2021 -- the latest indicator pointing to a slowdown in the world's second-largest economy.

Cathay Pacific reports first half profit amid travel recovery

World's largest cruise ship to set sail as industry rebounds

With cruise bookings seeing a resurgence after the Covid pandemic caused luxury liners to mothball, a Finnish shipyard is putting the final touches on what will be the world's largest cruise ship.

Women wrestlers battle for equality with Swiss 'schwinger kings'

Traditional Swiss wrestling, known as "schwingen" in German, has been a male preserve for centuries -- the ultimate test of manhood for Alpine alpha males.

Asian markets struggle after more weak China data

Asian markets wavered Wednesday after data showing the first drop in Chinese consumer prices compounded worries about the world's number two economy.

China slips into deflation as post-Covid recovery falters

China slipped into deflation as consumer prices contracted last month for the first time in more than two years, official data showed Wednesday, as slowing domestic spending weighs on the country's post-Covid economic recovery.

Australia's Commonwealth Bank posts record profit as rates rise

Australia's biggest lender Commonwealth Bank reported a record annual profit Wednesday as it raked in money from customers forced to pay higher interest rates.

Everybody hurts: Los Angeles suffers as Hollywood strike hits 100 days

In his dry cleaning shop near the Warner Bros. and Disney studios, Tom Malian looks in despair at a carousel mostly empty of the shirts, jackets and pants it held before Hollywood went on strike.

ESPN signs deal to create branded US gambling sportsbook

Sports broadcaster ESPN announced Tuesday it has signed a licensing deal with Penn Entertainment to create a branded sportsbook for US audiences that will launch later this year.

Canada media seek probe of Meta's news block

Media on Tuesday asked Canada's competition watchdog to investigate Meta's blocking of news articles on Facebook and Instagram, accusing the tech giant of using its dominance to gobble up online advertising money.

Bids for Niger talks falter as coup summit looms

Efforts by West Africa's bloc ECOWAS and the United States to parlay with Niger's new rulers made no headway on Tuesday ahead of a regional summit to mull options that include military intervention.

Global stock markets slip as European banks hit

Markets fell Tuesday as concerns over the health of the US banking sector played out on Wall Street and an Italian windfall tax on lenders saw European bank shares plummet.

US trade gap narrows in June on imports pullback

The US trade deficit narrowed in June on a bigger pullback in imports than exports, according to government data released on Tuesday.

Berliner Tageblatt - Economy (English)