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Cathay Pacific's profit soars 71% despite Iran war driving up fuel costs

Hong Kong carrier Cathay Pacific said Wednesday that net profit surged 71 percent in the first half of the year, as demand from passengers avoiding the Middle East offset a near doubling of fuel costs caused by the Iran war.

Taiwan probes 17 China-funded firms over high-tech talent poaching

Taiwanese investigators said Wednesday they have raided dozens of locations as part of a probe into 17 Chinese-funded companies suspected of trying to "illegally" poach Taiwan's high-tech talent to erode the island's competitive edge.

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Video games 'blending' with film, says 'Mario' movie producer

Having created the most successful animated franchise of all time with "Despicable Me" and its spin-off "Minions" films, producer Chris Meledandri knows a thing or two about blockbuster movies.

WTO sees 'subpar' 2023 global trade growth

The World Trade Organization said Wednesday that 2023 global trade growth would be slightly better than feared, but would remain "subpar", weighed down by the Ukraine war and stubbornly high inflation.

'History repeats itself' as Lukaku racially abused at Juve

Romelu Lukaku said Wednesday that history was repeating itself in Italian football after the Inter Milan striker was subjected to monkey chants by Juventus fans during the two teams' stormy cup clash.

UBS says Credit Suisse merger the right choice despite risks

UBS chiefs told shareholders on Wednesday that the Swiss bank's emergency takeover of beleaguered rival Credit Suisse was a "Herculean task" strewn with risks, but still the right decision.

TotalEnergies, Iraq agree on delayed $10 bn project

French energy giant TotalEnergies announced Wednesday an agreement with Iraq on a long-delayed $10 billion project to improve the country's rundown electricity grid after resolving disputes over the terms of the deal.

German economy to grow in 2023 as outlook brightens

The German economy, Europe's largest, is expected to dodge a recession and grow by 0.3 percent this year thanks to a drop in energy prices, leading economic institutes said Wednesday.

UBS shareholders to weigh in on Credit Suisse mega-merger

UBS shareholders get their first chance to grill the bank's bosses Wednesday over its shotgun marriage to Credit Suisse, done in double-quick time behind their backs.

India's 'brown beauty' make-up influencers go global

Under the glow of a ring light in the spare bedroom of a Mumbai high-rise apartment, Indian make-up maven Debasree Banerjee has found fans across the world with a simple philosophy: brown is beautiful.

Asian markets mixed as soft US data raises recession fears

Asian stocks drifted Wednesday after a retreat on Wall Street as data showing a softening in the US jobs market pointed to a slowing economy and fuelled fresh fears of a recession.

Stocks mixed as markets weigh weaker data, odds of interest rate pause

Global equities were mixed Tuesday as markets mulled over how emerging signs of economic weakness will affect interest rate policies.

Biden warns of potential AI technology dangers

President Joe Biden said at a meeting of advisors on the rapidly emerging artificial intelligence sector Tuesday that the jury is still out on whether AI poses a danger to society.

UN says Afghan women staff blocked from work by Taliban order

The Taliban have extended a ban on women working for NGOs to the United Nations' mission throughout the country, a UN spokesman announced Tuesday, calling such an order "unacceptable."

Bordeaux seeks vote on city hall door burned in protests

The mayor of Bordeaux said Tuesday the French city's residents would get to vote on what to do with the city hall door that was spectacularly destroyed by fire during anti-government protests.

US unveils fraud case against CEO of startup bought by JPMorgan Chase

US officials unveiled criminal charges Tuesday against the head of a startup who allegedly defrauded JPMorgan Chase in the course of a $175 million sale to the banking giant.

TikTok hit with UK fine, Australia government ban

TikTok was dealt fresh setbacks Tuesday as Australia joined a list of Western nations banning the Chinese-owned apps from government devices and Britain fined it for allowing children under 13 to use the social media platform.

Lagging behind, Italy's plans for EU funds at risk

When Mario Draghi left Italy's government last year, Brussels fretted over the fate of the EU recovery funds he negotiated for his country. Now, fears are rising that billions of euros could be at risk.

Credit Suisse chiefs say sorry to angry shareholders

Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be saved as he faced angry and tearful shareholders whose money has gone up in smoke.

Raw sewage blights once-idyllic beaches on Isle of Wight

On the Isle of Wight, one of England's most popular seaside holiday destinations since Victorian times, a pipeline stretches out from the shore to pump raw sewage into coastal waters.

Latest banking crisis will be felt for years: JPMorgan Chase CEO

While the current banking crisis isn't like 2008, it "is not yet over" and will be felt for years to come, JPMorgan Chase Chief Executive Jamie Dimon said Tuesday.

One dead, many hurt as Dutch train hits crane

A Dutch passenger train derailed after smashing into a crane early on Tuesday, killing a maintenance worker and injuring 30 other people in the Netherlands' worst rail accident for years.

Israeli mining magnate loses appeal in Swiss corruption case

French-Israeli mining tycoon Beny Steinmetz largely lost on Tuesday his appeal in Switzerland against a 2021 corruption verdict linked to mining rights in Guinea.

First King Charles stamps go on sale in UK

Britain's Royal Mail began selling the first postage stamps featuring the image of King Charles III on Tuesday, following his ascension to the throne in September.

One dead after Dutch train hits crane

A Dutch passenger train slammed into a crane and derailed early on Tuesday, killing a construction worker and injuring around 30 other people in the Netherlands' worst train accident for several years.

Credit Suisse chiefs say sorry to shocked shareholders

Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be saved as he faced angry and tearful shareholders whose money has gone up in smoke.

UK govt sets out new water plan to tackle pollution

Britain on Tuesday announced a plan to protect water supplies, amid a long-running scandal over privatised water firms pumping raw sewage into rivers and onto seashores.

Virgin Orbit files for bankruptcy, seeks buyer

Virgin Orbit, the satellite launch company founded by Richard Branson, has filed for Chapter 11 bankruptcy and will sell the business, the firm said in a statement Tuesday.

Evergrande enters debt restructuring plan with creditors

Chinese property developer Evergrande said it has entered into a restructuring agreement with a group of international creditors, in what could be a breakthrough deal toward easing the developer's massive debt.

Credit Suisse chiefs face the music at AGM

Credit Suisse shareholders will get their first chance to voice their frustrations at the beleaguered bank's takeover by UBS, at its annual general meeting in a Zurich concert venue Tuesday.

Jury orders Tesla to pay former worker in racism case

A San Francisco jury on Monday ordered Tesla to pay a Black former employee nearly $3.2 million for turning a blind eye to racism at the electric car maker's Silicon Valley plant.

Australia bans TikTok on government devices

Australia said Tuesday it will ban TikTok on government devices, joining a growing list of Western nations cracking down on the Chinese-owned app due to national security fears.

Hats off as intelligence operatives hound matchfixers

A spectator removing their hat or taking off their jacket at a sporting event sounds innocuous but it can be a sign the match in question is fixed, Sportradar's Director of Intelligence and Investigations told AFP.

L'Oreal buys Australian brand Aesop from Natura in $2.5 bn deal

L'Oreal announced Tuesday the signing of an agreement with Brazil's Natura & Co to acquire its Australian luxury cosmetics brand Aesop in a deal valued at $2.53 billion.

Berliner Tageblatt - Economy (English)