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Featured

Factories shed workers in Bangladesh garment sector

Garment worker Mosammat Aklima found out in a text message that she had become one of thousands laid off in the latest wave of cuts to hit Bangladesh's once-booming export industry.

Tech back in fashion as Asian markets extend rebound

Asian equities climbed again Wednesday, tracking another record on Wall Street, as tech firms continued to enjoy a revival after a month-long rout, with confidence also boosted by the prospect of an imminent deal to reopen the Strait of Hormuz.

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Kenya's Ruto vows to slash price of food staple

Kenya's President William Ruto announced on Friday that he would slash the price of a key food staple as anger over skyrocketing inflation fuels protests in the East African nation.

Mars CEO sees 'moral' duty in tackling climate change

The new chief executive of Mars, maker of M&M's sweets, chewing gum and pet food, says companies have a "moral" duty to reduce their environmental footprint as the world battles climate change.

Stocks waver, dollar drops as Fed seen halting rate rises soon

Stock markets fluctuated Friday, with Paris hitting a record-high, as investors tracked easing inflation, cooling US retail sales and some strong earnings.

Large US banks report higher profits despite recent industry turmoil

JPMorgan Chase reported a jump in first-quarter profits Friday alongside fellow banking giants Citigroup and Wells Fargo, in reassuring news to investors after recent banking sector turmoil sparked contagion fears.

US retail sales post steeper fall than expected as consumer strength fades

Retail sales in the United States slipped more than anticipated in March, according to government data released Friday, extending a downward trend that signals cooling in the economy.

Europe's JUICE mission blasts off towards Jupiter's icy moons

The European Space Agency's JUICE space probe successfully launched Friday on a mission to discover whether Jupiter's icy moons are capable of hosting extraterrestrial life in their vast, hidden oceans.

'Stay the course': Macron inspects Notre-Dame restoration drive

French President Emmanuel Macron visited the Notre-Dame Cathedral on Friday to mark four years since the fire that destroyed significant parts of the world heritage landmark, urging workers to "stay the course" and ensure restoration is finished by the end of 2024.

US retail sales post steeper fall than expected: govt

Retail sales in the United States slipped more than anticipated in March, according to government data released Friday, extending a downward trend that signals cooling in the economy.

UAE and China promise Pakistan $1.3 bln to get IMF deal on track

Pakistan announced financial support Friday from the United Arab Emirates and China totalling $1.3 billion, giving the ailing economy a shot in the arm as it seeks to meet conditions for the resumption of an International Monetary Fund bailout.

Europe's Jupiter moons mission launches on second attempt

The European Space Agency's JUICE space probe blasted off Friday on a mission to discover whether Jupiter's icy moons are capable of hosting extraterrestrial life in their vast, hidden oceans.

French villages run dry as water warnings rise

Another four French villages lost their fresh water supply on Friday, local authorities told AFP, as a winter drought causes disruption and serious concerns about shortages this summer.

Europe's Jupiter probe set for new launch attempt

The European Space Agency's JUICE mission to explore Jupiter's icy, ocean-bearing moons will again try to blast off on Friday, a day after the first launch attempt was called off due to the threat of lightning.

In C.Africa, informal pharmacies provide a health safety net of sorts

Yaguina Nesly waits outside a hut whose walls of corrugated steel are daubed in green and white paint.

Brazil's Lula to meet Xi in Beijing after lashing out at US dollar, IMF

Brazilian leader Luiz Inacio Lula da Silva is set to forge closer ties with Chinese President Xi Jinping during a meeting in Beijing on Friday, a day after he lashed out at the power of the US dollar and the IMF.

Stocks rally, dollar dips further on easing rate expectations

Asian equities rose and the dollar dipped further Friday after fresh data showing continued slowing of inflation fanned hopes the Federal Reserve is nearing the end of its long-running campaign of interest rate hikes.

Unsound climate studies sneak into print: scientists

Misleading studies sowing doubt about climate change are getting into peer-reviewed journals, scientists warn, citing recent papers linked to a lawsuit in Germany whose authors denied conflicts of interest.

TikTok faces ban in Montana as US backlash continues

The US state of Montana on Thursday was on the verge of implementing a total ban on TikTok, after a proposal passed a key hurdle in the state's legislature.

US stocks rally, while dollar drops after latest inflation data

US stocks rallied and the dollar tumbled Thursday following better inflation data that added to hopes of a shift in Federal Reserve monetary policy.

US Justice Dept taking abortion pill fight to Supreme Court

The US Justice Department said Thursday that it will go to the Supreme Court to appeal restrictions imposed on a widely-used abortion pill in the latest round of an intensifying battle over reproductive rights.

Delta sees strong demand persisting as it reports loss

Pointing to persistently strong flying demand, Delta Air Lines offered a bullish spring season forecast Thursday as it reported a loss in the first quarter.

Abortion pill mifepristone: timeline of US access

Mifepristone, a drug widely used in the United States to induce abortion in women pregnant for 10 weeks or less, has become a target of the country's anti-abortion movement.

Weather delays launch of Europe's Jupiter mission by 24 hours

The launch of the European Space Agency's JUICE mission, which aims to discover whether Jupiter's icy moons are capable of hosting extraterrestrial life, was postponed on Thursday for 24 hours due to bad weather.

Stocks waver on US recession warning, inflation slowdown

Global stocks wavered Thursday and the dollar fell as traders digested recession risks, slowing US inflation and corporate earnings.

Swedish retirees demand fairer pensions for women

"Old ladies need more money!" a group of grey-haired women chants in front of Sweden's parliament, as their recurring protest against the country's pension system enters its 10th year.

Spanish giant Ferrovial approves move to Netherlands

Ferrovial shareholders approved Thursday a plan to move the Spanish construction giant's headquarters to the Netherlands despite objections from Spain's leftist government.

World would gain $1 tn by closing agriculture gender gap: UN

Closing the gender gap in the agriculture and food system, where women still earn less than men, would add $1 trillion to the global economy, a UN report said Thursday.

Premier League clubs to withdraw from gambling shirt sponsorships

Gambling sponsorship on the front of Premier League shirts will be withdrawn by the end of the 2025/26 season after a collective agreement by the clubs, the league announced on Thursday.

Equities waver on US recession warning, inflation slowdown

Asian and European stocks wavered Thursday as traders digested recession risks and slowing inflation in the United States, and pored over earnings.

Three electrocuted in Iraq floods

At least three people have been electrocuted in central Iraq after torrential rain played havoc with the war-ravaged country's dilapidated power grid, a medical official said Thursday.

'Brazil is back!' Lula says during state visit to China

President Luiz Inacio Lula da Silva promised Thursday that "Brazil is back!" during a state visit to China aimed at strengthening trade ties and winning support for his push for peace in Ukraine.

Inflation bites into profits of UK supermarket Tesco

Britain's biggest retailer, supermarket group Tesco, reported Thursday a halving of annual net profit as soaring inflation hiked costs and reduced the amount of goods sold.

Markets mixed as recession warning plays against falling inflation

Markets were mixed Thursday as traders weighed data showing US inflation falling against minutes from the Federal Reserve's most recent policy meeting indicating officials foresaw a recession at the end of the year.

Berliner Tageblatt - Economy (English)