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Oil turns lower, stocks gain on hopes of Hormuz opening

Oil prices fell on Tuesday, reversing earlier gains after US Treasury Secretary Scott Bessent said a deal could be reached with Tehran by Wednesday on re-opening the Strait of Hormuz to shipping traffic.

Oil edges higher, stocks gain as investors eye political risks

Global oil prices rose Tuesday, recovering some of the previous session's heavy losses as uncertainty surrounded the prospect of new talks to end the US-Iran war.

Last news

Amazon cloud and ad revenue grows as shoppers remain cautious

Online retail titan Amazon on Thursday reported that its cloud and ads units helped it beat earnings expectations in the first quarter of this year despite shoppers and businesses being more careful about spending.

DiCaprio and Scorsese talk 'Killers' as Rihanna hits CinemaCon

Martin Scorsese unveiled the first footage from his film "Killers of the Flower Moon" Thursday at CinemaCon, where his lead actor Leonardo DiCaprio and pop superstar Rihanna were among the surprise guests.

Relief rally on Wall Street after better-than-feared earnings

Wall Street stocks shook off recent weakness and powered higher on Thursday following strong results from Facebook parent Meta Platforms and mixed US economic data.

Amazon shares surge as earnings beat expectations

Shares in Amazon leapt on Thursday after the online retail colossus reported it made a lot more money than expected in the first quarter of 2023.

US to review migrants abroad, toughen penalties in revamp

The United States on Thursday revamped its policy on migrants by setting up processing centers overseas and toughening penalties for unlawful entry, anticipating a surge of arrivals as Covid-era rules expire next month.

UN, NGOs, warn of rising hunger deaths in Africa

Deaths from hunger are on the rise in Africa because of droughts worsened by climate change and conflict, UN officials and non-governmental organisations said Thursday.

Caterpillar shares fall despite strong results

Caterpillar reported higher profits Thursday and offered an upbeat outlook on industrial conditions, but shares fell amid worries over weakening global growth.

Ukraine PM invites pope to visit, urges help with deported children

Ukrainian Prime Minister Denys Shmyhal on Thursday invited Pope Francis to visit his country, during a meeting at the Vatican, where he also asked for help to return children forcibly taken to Russia.

Spain lawmakers pass key housing law ahead of elections

Spanish lawmakers on Thursday approved a housing bill aimed at capping soaring rents and addressing dire social housing shortages as the government seeks to bolster the right to affordable homes.

US growth cools in first quarter as recession fears deepen

US economic growth lost steam in the first quarter this year, said the Commerce Department on Thursday, as the possibility of a mild recession brews while consumer spending weakens.

Strong demand lifts American Airlines to profitable Q1

American Airlines reported a profitable first quarter Thursday and said persistently robust travel demand would translate to even stronger results in the current period.

Microsoft says EU more attractive after UK blocks deal

Microsoft on Thursday said the European Union was "more attractive" for businesses than post-Brexit Britain after the latter blocked its vast takeover of video game maker Activision Blizzard on competition fears.

Stocks rise, dollar falls before US growth data

Asian and European stock markets mostly edged higher and the dollar dropped Thursday ahead of first-quarter US growth data.

Spain to vote on key housing law ahead of elections

Lawmakers vote Thursday on a housing bill aimed at capping soaring rents and addressing Spain's dire social housing shortage as the government seeks to bolster the right to affordable housing.

UK bank Barclays profits from rising interest rates

British bank Barclays said Thursday that net profit jumped 27 percent in the first quarter, boosted by rising interest rates and non-repetition of exceptional charges.

Asian stocks rise after shaky start

Asian markets overcame a shaky start to enjoy modest gains on Thursday, bucking a session on Wall Street that saw major indices sink despite a surge in tech.

Asian stocks mixed after lacklustre session on Wall Street

Asian shares were mixed in early trade on Thursday, following a session on Wall Street that saw major indices sink despite a surge in tech.

BP faces angry shareholders over climate plans

Energy giant BP on Thursday faces a shareholder revolt over its decision to slow its energy transition, with activist investors promising to block the re-election of the head of the board of directors.

Ukrainian refugees struggle in nationalist Hungary

Pope Francis is set to meet refugees in Hungary this weekend, shedding light on the plight of Ukrainians trying to rebuild their lives in a state that offers a frosty reception.

Black cowgirls gallop on in face of US rodeo stereotypes

Guiding her brown mare around the arena at breakneck speed, 16-year-old Morissa Hall is extremely focused as she takes on the barrel racing course in the eastern US state of Maryland.

Out of gas in orbit? This US space company is here to help

The US company Orbit Fab is aiming to produce the go-to "gas stations" in space, its CEO tells AFP, hoping its refueling technology will make the surging satellite industry more sustainable -- and profitable.

Samsung Electronics logs worst quarterly earnings in 14 years

Samsung Electronics on Thursday reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business.

Meta surges as earnings beat expectations after belt tightening

Shares in Facebook parent Meta surged Wednesday after the internet titan reported it made a profit of $5.7 billion in the first quarter of this year, beating forecasts after a massive wave of cost-cutting and layoffs.

Republicans set up default clash with US debt limit bill

US Republicans voted Wednesday to raise the national borrowing limit, but only in conjunction with drastic cuts, as they sought a showdown with President Joe Biden over "excessive" spending with a potentially ruinous credit default looming.

Republicans pass bill to avert US debt crisis, slash spending

Strong Microsoft results lift Nasdaq as most global bourses fall

Blockbuster tech earnings lifted the Nasdaq on Wednesday, but recession fears weighed on other major United States and European indices while pushing oil prices lower.

Brazil court suspends Telegram app in neo-Nazi probe

A Brazilian court on Wednesday ordered the countrywide suspension of messaging app Telegram after its parent company failed to provide data sought by authorities on neo-Nazis operating on the network, officials said.

UK blocks Microsoft's $69-bn bid for 'Call of Duty' games giant

Britain on Wednesday blocked Microsoft's $69-billion takeover of "Call of Duty" video games giant Activision Blizzard, arguing it would harm competition in cloud gaming.

Boeing reports another loss in Q1, but confirms forecast

Boeing reported a bigger-than-expected quarterly loss Wednesday due to persistent quality control problems with its jets, but shares rallied as it maintained key medium- and long-term targets.

Germany lifts growth forecast as outlook brightens

The German government Wednesday lifted its growth forecast for this year as rebounding industrial production and slowing inflation helped Europe's top economy weather an energy crisis.

UK block leaves Microsoft's $69-bn Activision takeover in peril

Britain on Wednesday blocked Microsoft's $69-billion takeover of US video game giant Activision Blizzard, arguing it would harm competition in cloud gaming.

Dominant US dollar faces challenge from emerging currencies

As the top global currency, the US dollar has enjoyed decades as the cash of choice for investors -- but it is now facing a growing challenge to that status.

Berliner Tageblatt - Economy (English)