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Featured

French supermarket chains say cyberattack forced refrigerator shutdown

Major French supermarket chains Intermarche and Cooperative U were hit by a cyberattack that caused their refrigerators to defrost, the two retailers told AFP Monday.

Minister's resignation rocks German coalition

German Chancellor Friedrich Merz's government faced new turbulence on Monday when a key minister from its junior coalition partner unexpectedly quit and criticised "attacks" from the chancellor's party.

Last news

Record grain harvest eyed as market under pressure

The world is heading for a record grain harvest in the 2023-2024 season thanks to gains for maize and rice, but the market remains under pressure thanks to El Nino and risks due to the war in Ukraine.

Luxury giant LVMH enjoys 'excellent' first half

LVMH, the world's top luxury group, said Tuesday it enjoyed an excellent first half with net profits soaring by 30 percent to 8.48 billion euros ($9.34 billion) thanks to strong growth in Asia and Europe.

TotalEnergies drills first oil wells for huge Uganda project

TotalEnergies announced Tuesday it had started drilling wells for oil in Uganda as part of a huge project condemned by environmental and rights groups.

IMF raises 2023 economic outlook but warns of slowing global growth

The International Monetary Fund has slightly upgraded its outlook for world growth this year on the back of resilient service sector activity in the first quarter and a strong labor market, the lender said Tuesday.

Stocks advance cautiously ahead of central bank rate moves

European and US stocks made cautious advances on Tuesday as investors awaited central bank rate decisions, while stimulus pledges by Chinese leaders dominated Asian trading.

No successor named for Lebanon central bank chief: deputy PM

Crisis-hit Lebanon -- which has no president and is ruled by a caretaker government -- will also have to go without a central bank chief from next week, says the country's deputy premier.

Firefighting plane crashes in Greece as wildfires rage

A Greek water-bombing plane crashed Tuesday while battling a forest fire on the island of Evia as hundreds of firefighters struggled to beat back blazes still raging in Rhodes and Corfu amid a new wave of soaring temperatures.

Stocks waver ahead of central bank rate moves

European and US stocks mostly fell on Tuesday as investors awaited central bank rate decisions, while stimulus pledges by Chinese leaders dominated Asian trading.

US on 'very narrow path' to avoid recession: IMF chief economist

The US economy is on a "very narrow path" to avoiding a recession, the International Monetary Fund's chief economist says, while warning of risks to China's strong post-pandemic recovery.

General Motors reports strong results as it girds for tough labor talks

General Motors lifted its full-year forecast following another strong quarter on Tuesday as it girds for difficult labor negotiations and questions about demand for its growing electric vehicle business.

Spotify reports strong user growth, raises prices

Spotify reported Tuesday a bigger-than-expected rise in active users at the end of the second quarter, a day after the music streaming giant announced price increases for its premium service.

Stock markets mostly gain on China stimulus hopes

Stock markets mostly rose Tuesday, with the biggest gains in Asia after China's leaders pledged fresh measures to boost the nation's stuttering economy.

Paris Olympics organisers face host of challenges with a year to go

The Paris Olympics begin with a spectacular ceremony on July 26, 2024 but with a year to go, organisers face a series of challenges.

Swedish retailer H&M sues Chinese rival Shein in Hong Kong court

Retail giant Hennes & Mauritz has sued its fast-growing rival Shein in a Hong Kong court for copyright infringement, the Swedish fashion juggernaut said Tuesday.

Biden to designate civil rights monument amid new racism row

US President Joe Biden is set to designate a new national monument on Tuesday memorializing the horrific 1950s lynching of Emmett Till, with the White House framing the symbolic act as part of a fight against resurgent racism.

China stimulus hopes help boost stock markets, Fed in focus

Hong Kong led a surge across markets Tuesday after China's leaders pledged fresh measures to boost the nation's stuttering economy, building on optimism that central banks were nearing the end of their rate-hiking cycle.

Greece faces new heatwave as wildfires rage

Greece braced for a new wave of soaring temperatures Tuesday, as wildfires raged on two popular tourist islands.

Thousands of Afghan salons to close as Taliban deadline bites

Thousands of beauty parlours across Afghanistan were due to close permanently Tuesday following an order by Taliban authorities that cuts off one of the few revenue streams available to women, as well as a cherished space for socialising.

China stimulus hopes help boost Asian markets, Fed in focus

Hong Kong led a surge across most Asian markets Tuesday after Chinese leaders pledged fresh measures to boost the nation's stuttering economy, building on optimism that central banks were nearing the end of their rate-hiking cycle.

'Era of mass closures': the Japan businesses without successors

Kiyoshi Hashimoto's machinery factory outside Tokyo should be buzzing with industry. Instead, it's so quiet you can hear him practising the recorder.

Elon Musk puts his "X" on Twitter

Since buying Twitter, Elon Musk has made significant changes to the company as well as the app itself, from charging for features to killing off the bird logo.

Eurozone economic downturn steepens in July

Eurozone economic activity shrank at its fastest rate in eight months in July, as a contraction gathered pace on the back of cuts in manufacturing, a key survey said Monday.

UN stages food summit as more people around world go hungry

A three-day United Nations summit opened in Rome on Monday aimed at tackling a "broken" global food system where millions are starving, billions are obese and the planet is suffering.

Stock markets mixed before key rate calls

Stock markets diverged Monday as traders reacted to weak global data and political uncertainty in Spain, while awaiting key interest-rate decisions due this week.

Philips sales jump, bounces back from respirator recall

Dutch medical tech firm Philips posted a nine percent jump in second-quarter sales and a return to profit on Monday as it bounces back from a global recall of sleep respirators.

Markets mixed ahead of key rate decisions, China worries weigh

Equities were mixed Monday in Asia with investors gearing up for policy decisions at major central banks this week, while concern over the Chinese economy continued to dampen sentiment.

Asian markets mostly gain ahead of key rate decisions

Equities mostly rose Monday in Asia with investors gearing up for policy decisions at major central banks this week, while concern over the Chinese economy continued to dampen sentiment.

ECB set to hike again with inflation stubbornly high

Another interest rate hike appears a near certainty when ECB policymakers meet Thursday as inflation remains high, but the central bank faces increasing discontent among countries scared high interest rates will hurt growth.

In age of AI, women battle rise of deepfake porn

Photo apps digitally undressing women, sexualized text-to-image prompts creating "AI girls" and manipulated images fueling "sextortion" rackets -- a boom in deepfake porn is outpacing US and European efforts to regulate the technology.

G20 energy ministers fail to agree on fossil fuels roadmap

Energy ministers from the group of 20 nations meeting in India Saturday failed to agree on a roadmap to phase down the use of fossil fuels in the global energy mix.

10 months since Iran's protests, Kurdish exiles in limbo

Like other Iranian Kurds who fled into exile during last year's women-led mass protests, 17-year-old Sarina tries to keep a low profile in her new home in northern Iraq.

Trailers, a growing trend in wealthy California's housing crisis

Tamara Hernandez moved into a recreational vehicle when her rent shot up. Beau Beard did it because he lost everything after going to prison.

Berliner Tageblatt - Economy (English)