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Stocks mixed as Seoul stabilises, oil prices rise with eyes on Mideast

Stocks stabilised in Asia on Tuesday after last week's tech-led rollercoaster ride as investors tracked a record day on Wall Street, while oil prices edged up after their recent plunge with Donald Trump and Iran giving conflicting views on peace talks.

Democratic-led US states sue in latest challenge to Trump's tariffs

Twenty-five US states, nearly all led by Democrats, sued Donald Trump's administration on Monday over wide-ranging tariffs, arguing that the president had exceeded his authority in imposing the new levies on dozens of countries.

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US consumer inflation eases but price pressures remain

Consumer inflation in the United States nudged down only slightly in April, the Labor Department said on Wednesday, despite strong efforts to cool the economy and rein in price increases.

Shell wins legal case over Nigeria oil spill

Britain's highest court ruled Wednesday it was too late for people in Nigeria's Niger delta region to lodge pollution claims against energy giant Shell after a huge oil spill more than one decade ago.

No justice, no burial: relatives mount corpse protest in India

The stench of death hangs heavy over the morgue at an Indian hospital -- and relatives are refusing to bury the rotting corpses in protest at their killings in ethnic violence.

Toyota full-year net profit beats forecast

Top-selling automaker Toyota said Wednesday that its full-year net profit beat expectations and projected better sales and revenue for the year ahead as supply chain disruptions ease.

Sweden's 'Truth Commission' delves into painful Sami past

After centuries of persecution, Sweden's indigenous Sami people are beginning to provide testimony about the injustices they experienced in a recently launched "Truth Commission" probing the country's discriminatory policies and their consequences.

Google to show off AI and Pixel gadget innovations

Google is expected to enrich its popular online services with more artificial intelligence on Wednesday as it scrambles to catch up with rival Microsoft despite fears that AI poses a threat to society.

Discovering HIV started 'race against time': Barre-Sinoussi

When Nobel laureate Francoise Barre-Sinoussi helped identify a mysterious virus that would become known as HIV 40 years ago, she says it kicked off a "race against time" to counter the looming AIDS crisis.

Asian markets drift lower as US inflation data looms

Stocks extended losses in Asia on Wednesday as traders awaited the release of US inflation data, with sentiment clouded by a range of issues including the debt ceiling standoff in Washington and banking sector uncertainty.

Musk says video and audio calls coming to Twitter

Twitter boss Elon Musk on Tuesday put out word that audio and video calls are coming to the platform.

No US debt limit deal yet after Biden meets Republican leaders

A high-stakes meeting between President Joe Biden and key Republican and Democratic lawmakers on Tuesday yielded no breakthrough on the impasse over the US debt limit, but the group decided to reconvene later this week.

Trudeau slams Facebook for threatening to block Canadian news

Prime Minister Justin Trudeau on Tuesday slammed Meta after executives said it would block news for Canadian Facebook and Instagram users in response to a proposed law that would require digital giants to pay for local journalism content.

Global stocks dip on eve of US inflation data

Stock markets dropped Tuesday as investors awaited key US inflation data and tracked President Joe Biden's battle with Republicans over the debt ceiling.

RFU council member banned from Twickenham over racist slur

A former Rugby Football Union council member has been banned from Twickenham after admitting making racist comments at a Six Nations match last year.

US woman who wrote book on grief charged with killing husband

A US woman who wrote a book on dealing with grief after the death of her husband has been charged with his murder.

Boeing confident it will fulfill huge Ryanair order

Boeing's CEO is "confident" the company will fulfil Ryanair's giant 737 MAX-10 order announced Tuesday despite lingering supply chain and regulatory questions, a view shared by the Irish carrier.

Texas mall shooter embraced Nazi ideology

The man accused of killing eight people at a Texas shopping mall recently obtained large Nazi tattoos, praised other mass shooters and wrote just ahead of his attack that he would "fight hate with more hate."

Europe must reduce China renewable dependence: agency

The European Union must reduce its dependence on China when it comes to vital equipment used in producing renewable energy, the head of the International Renewable Energy Agency said Tuesday.

Ryanair orders 300 Boeing 737 MAX jets worth $40 bn

Irish airline Ryanair Tuesday ordered 300 Boeing 737 MAX jets worth over $40 billion at list prices, representing the US aerospace giant's latest big contract in a fast-recovering aviation market.

Germany, China clash over Ukraine

China and Germany traded barbs on Tuesday over Ukraine, with Beijing warning the EU against sanctions targeting its companies while Berlin said "neutrality" in the conflict meant taking Russia's side.

Global stocks slump on eve of US inflation data

Stock markets dropped Tuesday as investors await key US inflation data and track President Joe Biden's battle with Republicans over the debt ceiling.

LinkedIn closes China service, cuts over 700 jobs

Social networking firm LinkedIn announced Tuesday that it will close down its last service available in China, citing "fierce competition and a challenging macroeconomic climate".

Nintendo banks on 'Zelda' to boost fortunes

Japanese video game giant Nintendo is banking on the latest instalment of its 40-year-old saga "Zelda" to breathe life into its business, after forecasting a drop in profits this year.

Carrefour opens first foreign supermarkets in Israel

French retailer Carrefour inaugurated on Tuesday 50 stores in Israel, becoming the first foreign supermarket chain with branches in the country whose residents struggle with a high cost of living.

Turks abroad wrap up voting in landmark election

Millions of Turks living abroad wrapped up voting on Tuesday, in a tense election that has turned into a referendum on President Recep Tayyip Erdogan's polarising two-decade rule.

Royal Mail CEO to depart after delivery failures: report

The boss of Royal Mail is set to leave his post after lawmakers criticised the former state-monopoly's performance, which has been hit by mass strikes, Sky News reported Tuesday.

Global stocks mostly drop on eve of US inflation

World stock markets mostly dropped Tuesday on the eve of key inflation data in the United States, while traders also tracked President Joe Biden's efforts to raise the US debt ceiling.

UBS keeps Credit Suisse CEO for leadership team in merger

Swiss banking giant UBS announced on Tuesday that Credit Suisse chief executive Ulrich Koerner would join its leadership team following the takeover of its fallen domestic rival.

Taiwan holds first training for women reservists

Strapped with gas masks, soldiers crouched on a playground Tuesday with rifles aimed at their target during Taiwan's first-ever reservist training for women as the island bolsters its defences against China.

Asian, European markets mostly down as US inflation moves into focus

Markets struggled Tuesday as investors eyed the release of US inflation data later in the week, while mixed Chinese trade data suggested that recovery in the world's number two economy was still taking time.

UBS says Credit Suisse CEO to join board in mega merger

Swiss banking giant UBS announced on Tuesday that Credit Suisse chief executive Ulrich Koerner will join its executive board following the takeover of its fallen domestic rival.

iPhone maker Foxconn buys huge site in India tech hub

Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Indian tech hub Bengaluru, the key Apple supplier said in a filing Tuesday as it looks to diversify production away from China.

Nintendo annual net profit beats forecast on strong game sales

Hit games Splatoon 3 and the new Pokemon titles helped Nintendo beat its annual net profit forecast on Tuesday, but the company predicted tougher times ahead as its Switch console ages.

Berliner Tageblatt - Economy (English)