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Four Al-Fayed survivors told they were trafficking victims

Four women who allege abuse by late Harrods owner Mohamed Al-Fayed were confirmed as victims of human trafficking by the UK's interior ministry, a group representing the survivors told AFP on Monday.

Trump says US support for Japanese yen a 'signal of friendship'

President Donald Trump on Sunday confirmed that the United States had intervened to support the Japanese yen, calling the move a "signal of friendship" that would financially benefit the US and world economy.

Last news

US stocks push higher as eurozone slips into recession

Wall Street stocks shook off recent hesitancy and rallied Thursday, reflecting better sentiment on the US economy and a consensus view that the Federal Reserve will not hike interest rates next week.

GM reaches deal for access to Tesla's North American chargers

Tesla will open its North American electric vehicle charging network to cars from rival General Motors beginning in 2024, Tesla CEO Elon Musk and GM Chief Mary Barra announced Thursday.

Instagram 'most important platform' for child sex abuse networks: report

Instagram is the main platform used by pedophile networks to promote and sell content showing child sexual abuse, according to a report by Stanford University and the Wall Street Journal.

Ruby gemstone sells for record $34.8 million

A ruby sold at Sotheby's in New York on Thursday for $34.8 million, setting a new record price at auction for the precious stone.

Stocks mostly higher despite renewed rate hike worries

European and US equity markets mostly rose Thursday as investors bet on whether the Federal Reserve would keep raising US interest rates to combat stubbornly-high inflation.

Pakistan failing in every economic index: key survey

Pakistan failed to meet any economic growth targets for the fiscal year 2022-23, according to a key government report released Thursday -- a day before the new budget is to be presented to the national assembly.

Shares of renationalised French power firm EDF delisted

Shares in French power firm EDF were delisted on Thursday, nearly a year after the government decided to nationalise the firm to revitalise the country's nuclear power sector and help decarbonise the economy.

Family firm of UK's Princess Kate owes £2.6 mn

The family firm that turned the parents of Princess Catherine -- the wife of the heir to the British throne -- into millionaires left debts of nearly £2.6 million ($3.2 million) when it collapsed last month, a report by insolvency specialists has revealed.

UK clamps down on cryptocurrency sector

Britain's financial regulator on Thursday tightened rules over the promotion and selling of cryptocurrency as it seeks to protect consumers.

Turkmenistan vows to end smoking within two years

Turkmenistan's authoritarian leader launched an "unprecedented" anti-smoking crusade Thursday, ordering the Central Asia country to rid itself completely of tobacco within two years.

Stocks mixed as rate hike worries return

Major stock markets diverged Thursday as investors bet on whether the Federal Reserve would keep raising US interest rates to combat stubbornly-high inflation.

'Savings running out': high inflation hits Hungarians

Antal Palya looks for the cheapest cuts of chicken at a Budapest market. Others in Hungary, home to the European Union's highest inflation rate, now need food aid. For some in the middle-class, even poverty looms.

Eurozone in recession at start of 2023

The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second consecutive quarter, figures from the EU's statistic agency showed Thursday.

World warming at record 0.2C per decade, scientists warn

Record-high greenhouse gas emissions and diminishing air pollution have caused an unparalleled acceleration in global warming, 50 top scientists warned Thursday in a sweeping climate science update.

Markets mostly turn lower as rate hike worries return

Renewed fears that the US Federal Reserve will lift interest rates next week sent most markets into reverse Thursday, tracking losses across Wall Street and Europe, while traders were looking for measures from China to boost growth.

Campaigners see hope in Japan same-sex union rulings

A Japanese regional court on Thursday ruled the country's failure to recognise same-sex unions an "unconstitutional situation", offering hope to campaigners who have brought a series of lawsuits with mixed results.

Asian markets turn lower on fresh rate hike worries

Renewed fears that the Federal Reserve will lift interest rates next week sent Asian markets into reverse Thursday, tracking losses across Wall Street and Europe, while traders were looking for measures from China to boost growth.

Priests in Bolivia 'saints by day, demons by night': alleged victim

A Bolivian former seminarian who says he was the victim of a vast sex abuse network in the Catholic Church has told AFP of decades of "hell" meted out to children by men of the cloth.

Pope awake and joking after hernia operation

Pope Francis was said to be awake and cheerful Wednesday after undergoing a three-hour hernia operation which has revived concerns over the 86-year-old's increasingly fragile health.

US sets $5 mn reward for Swede who marketed encrypted phones to traffickers

The United States offered a $5 million reward Wednesday for the Swedish man who marketed an encrypted communications network for drug traffickers -- unaware that the technology was developed by the FBI.

Stocks slip as Canada raises interest rates

Stocks slipped Wednesday after Canada's central bank made a surprise interest rate hike, dampening hopes that the US Federal Reserve would skip an interest rate increase later this month.

Rights group sues Ethiopian Airlines for 'discriminating' against Tigrayans

National flag carrier Ethiopian Airlines has been summoned for a court hearing Friday over claims by a human rights group that it discriminated against travellers from Tigray, according to court documents seen by AFP.

Canada central bank raises key lending rate to 4.75%

Canada's central bank on Wednesday increased its key lending rate by 25 basis points to 4.75 percent, as the economy surged unexpectedly and inflation remained stubbornly high.

French parliament chief to block bid to axe pension overhaul

France's opposition parties on Wednesday vowed to submit a no-confidence motion against the government after the parliament speaker said she would block an attempt to repeal an unpopular pension overhaul that raised the retirement age.

Pope in hospital for operation on painful hernia

Pope Francis was to undergo Wednesday an operation on a painful abdominal hernia, reviving concerns over the 86-year-old's increasingly fragile health.

Stocks subdued on weak Chinese economic data

European and US stocks edged higher Wednesday as investors weighed data showing weakness in China's economy and hopes that the US Federal Reserve would skip an interest rate hike this month.

All-time high export volumes widen Canada trade surplus

Canada's trade surplus widened sharply to Can$1.9 billion (US$1.4 billion) in April, as exports rebounded to an all-time high in terms of volumes, the national statistical agency said Wednesday.

Pullback in exports widens US trade gap in April

The US trade deficit grew in April on a pullback in exports, bringing the gap to its widest since October 2022, according to government data released on Wednesday.

Stocks mostly drop after weak Chinese economic data

Stock markets mostly retreated Wednesday as data showed ongoing weakness in China's economy, offsetting hope that the Federal Reserve would skip an interest rate hike this month.

Pope to undergo operation for painful hernia Wednesday

Pope Francis will undergo an operation for a painful abdominal hernia on Wednesday, reviving concerns over the 86-year-old's increasingly fragile health.

Deadly booze brings profit and pain to Kenya's streets

Along a polluted riverside, smoking charred oil drums in Mathare are cooking up chang'aa, a potent liquor that's both a scourge and a lifeline.

EU approves first vaccine against common respiratory virus

The European Commission has followed the United States in approving the world's first vaccine for the Respiratory Syncytial Virus, to be used by adults aged 60 and over, its maker GlaxoSmithKline said Wednesday.

Berliner Tageblatt - Economy (English)