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Featured

Cargo ship hit after Trump insists Iran talks could reopen Hormuz today

An unknown projectile hit a cargo ship in the Strait of Hormuz, a key point of tension in the US-Iran conflict, on Tuesday as President Donald Trump insisted the waterway could reopen within hours.

BP profit soars as Mideast war roils energy prices

British energy giant BP said Tuesday that its net profit more than doubled in the second quarter as the Middle East war roiled oil and gas markets.

Last news

Nine dead, seven injured in Belgrade school shooting

Eight students and a security guard were killed during a school shooting in Belgrade on Wednesday, officials said, with police accusing the detained 13-year-old suspect of plotting the attack for a month and making a kill list.

Iran seizes second Gulf oil tanker in days as US tensions rise

Sanctions-hit Iran seized on Wednesday a second oil tanker in less than a week as tensions rise in the commercially vital Gulf waters.

US private hiring up unexpectedly in April but pay gains slow: ADP

US private sector employment heated up unexpectedly in April, according to data released by payroll firm ADP on Wednesday, although pay gains slowed rapidly as well.

Hackers promise AI, install malware instead

Meta on Wednesday warned that hackers are using the promise of generative artificial intelligence like ChatGPT to trick people into installing malicious code on devices.

European stocks rise, dollar lower before Fed rate decision

European stock markets advanced and the dollar dropped Wednesday with all eyes on the Federal Reserve's latest decision on US interest rates.

Police swoop on 'Ndrangheta mafia across Europe

Police across Europe launched a vast, coordinated operation against Italy's notorious 'Ndrangheta mafia on Wednesday, arresting more than 130 people and seizing millions of euros in dozens of searches.

Stellantis says easing chip crunch boosts sales

Stellantis, the world's fourth-largest automaker, said Wednesday that an easing shortage of semiconductor supplies helped drive sales in the first quarter, as more vehicles could be delivered to buyers.

Nine dead in Belgrade elementary school shooting

Eight students and a security guard were killed during a school shooting in the Serbian capital of Belgrade on Wednesday, the interior ministry said, as police arrested a teenage student suspected of carrying out the attack.

Iran forces seize second oil tanker in six days: US Navy

Iranian forces seized a Panama-flagged oil tanker in the Strait of Hormuz early on Wednesday, the US Navy said, the second such incident in less than a week.

Ex-Audi CEO to plead guilty over 'dieselgate' scandal

Former Audi boss Rupert Stadler will plead guilty over the "dieselgate" vehicle emissions-cheating scandal, a German court said Wednesday, which would make him the first auto CEO to be convicted in the resulting lawsuits.

European stocks rise, bucking slides in Asia, US

European markets advanced in early trade on Wednesday, bucking slides in Asia and the United States driven by fears of banking sector turmoil and jitters over interest rates.

World's tallest 'hemp hotel' trails South Africa's green credentials

With 12 storeys, a breathtaking view of Cape Town's imposing Table Mountain and a minimal ecological footprint, the world's tallest building made with industrial hemp is soon to open its doors in South Africa.

US Fed likely to hike rates again as banking fears resurface

The US Federal Reserve is widely expected to raise its benchmark lending rate for a 10th -- and possibly final -- time on Wednesday, as it looks to bring down inflation while aiming to prevent fresh banking concerns from spreading.

Tech industry allowing 'deluge' of misinformation: RSF

Journalism is being battered by propaganda and increasingly sophisticated fakes, aided by AI software and a failure of oversight from tech companies, Reporters Without Borders (RSF) said Wednesday.

Dead rivers, flaming lakes: India's sewage failure

Mohammed Azhar holds his baby niece next to a storm drain full of plastic and stinking black sludge, testament to India's failure to treat nearly two-thirds of its urban sewage.

Asian stocks down after Wall Street losses

Asian stocks were down on Wednesday following losses on Wall Street fuelled by fears of banking sector turmoil and jitters over interest rates.

Press freedoms shrink, journalists targeted: UN and media

Press freedom is under attack in every corner of the globe, with journalists continually harassed, jailed and killed, UN officials and media outlets warned Tuesday.

Apple and Google aim to expose Bluetooth tracker abuse

Apple and Google on Tuesday proposed a tech standard to make sure people get tipped off when their movements are being tracked with Bluetooth devices like AirTags or Tile.

Ford reports solid profits but sees pricing strength ebbing

Ford reported solid quarterly profits Tuesday behind higher vehicle volumes and an improved operating performance, but said vehicle pricing was becoming less favorable compared with last year.

Second Russian train hit by explosive near Ukraine border

An explosive device derailed a Russian freight train in a region bordering Ukraine for a second straight day Tuesday ahead of an expected counteroffensive by Kyiv.

Fresh rout of US regional banks despite First Republic deal

Shares of US regional banks suffered deep losses on Wall Street Tuesday, dashing hopes that the resolution of First Republic's woes would end the crisis.

ChatGPT sends shares in online learning giants into tailspin

Shares in companies that specialize in publishing school textbooks and offering online classes took a big hit on Tuesday after signs emerged that AI-bots such as ChatGPT were eating into their business.

Stocks slide, dollar mixed before rate calls

European and US stock markets fell Tuesday ahead of key interest rate decisions on both sides of the Atlantic this week and worries about banks continued to haunt investors.

'Bring it on': Emirates airline boss welcomes Saudi competition

The UAE's Emirates airline does not feel threatened by ambitious expansion plans in neighbouring Saudi Arabia and welcomes increased competition, its president said on Tuesday.

Pakistan inflation hits record-high 36.42 percent

Pakistan's year-on-year inflation hit its highest-ever level of 36.42 percent in April, after the government introduced new taxes and raised fuel prices to try to meet International Monetary Fund (IMF) conditions for a crucial bailout.

Teapots, towels, tea bags: UK in coronation retail boost

Commemorative plates, towels and tea bags are vying for attention in shop windows near Buckingham Palace, ready for the first coronation of a British monarch in 70 years.

Fed begins rate talks that could herald end of hikes

The US Federal Reserve kicked off a two-day meeting Tuesday morning to decide whether to raise its benchmark lending rate for a 10th -- and possibly final -- time to tackle rising prices.

Stock markets dip, dollar rises before rate calls

European and US stock markets slid while the dollar mostly firmed Tuesday as focus turned to interest-rate decisions due this week in the United States and eurozone.

Uber shares jump as it reports higher sales

Uber shares rocketed higher early Tuesday after the ride-hailing and delivery company reported a jump in revenues amid rising demand.

Pfizer profits drop as it adapts to lower Covid-19 revenues

Pfizer reported a drop in first-quarter profits Tuesday on declining Covid-19 vaccine revenues, but said it was on track for a heavy series of product launches later in 2023.

HSBC profit rockets on rising interest rates

Global banking giant HSBC reported Tuesday a surge in quarterly net profit, boosted by rising interest rates and its rescue of the UK arm of failed US lender Silicon Valley Bank.

Stock markets steadier, dollar up before rate calls

Stock markets were largely steady and the dollar firmed Tuesday as focus turned to interest-rate decisions due this week in the United States and eurozone.

Berliner Tageblatt - Economy (English)