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Featured

Google-parent Alphabet shakes up AI division

Google's head of AI, Demis Hassabis, will step down from his current role to become Alphabet's chief scientist amid a reshuffling at DeepMind that will also include a key engineer's departure.

FIFA back Infantino, apologise for World Cup privatisation plan

FIFA president Gianni Infantino has received the "full support" of senior directors on Wednesday but world football's governing body apologised for the controversy of the now-shelved plan to open the World Cup to private investment.

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UK minister faces hostile return after Rwanda asylum trip

One of Britain's most senior ministers came under fire Monday for laughing uproariously in front of a future migrant camp and asking for tips on interior design during a trip to Rwanda.

Bank shares, oil prices slide despite Credit Suisse buyout

Global bank shares and oil prices slumped Monday as a UBS buyout of Credit Suisse and reassurances from financial authorities failed to calm investors spooked by a fresh crisis.

EU hammers out 2-billion-euro ammunition plan for Ukraine

European Union ministers were set to sign off Monday on a two-billion-euro plan to raid their stockpiles and jointly purchase desperately needed artillery shells for Ukraine.

Stocks plunge despite Credit Suisse buyout, central banks' pledge

Equities sank Monday on fears about the financial sector, despite news of UBS's takeover of embattled Credit Suisse and central bank pledges to provide liquidity to troubled lenders.

Stocks drop despite Credit Suisse buyout, central banks' pledge

Asian equities sank Monday following a sell-off in New York on fears over the financial sector, with traders giving short shrift to news of UBS's takeover of embattled Credit Suisse and central bank pledges to provide liquidity to troubled lenders.

UBS announces Credit Suisse buyout to calm markets, but Asian equities sink

UBS is set to take over its troubled Swiss rival Credit Suisse for $3.25 billion following weekend crunch talks aimed at preventing a wider international banking crisis, but Asian equities sank Monday on lingering worries about the sector.

US regulator sells failed Signature Bank assets to another lender

The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to another institution, the agency said on Sunday.

French govt faces make-or-break vote after pensions uproar

French Prime Minister Elisabeth Borne on Monday faces two motions of no confidence in the National Assembly lower house, after forcing through an unpopular pension reform last week without a vote.

Asian stocks drop despite Credit Suisse buyout, central banks' pledge

Asian equities sank Monday following a sell-off in New York as investors fret over the financial sector, despite central banks' pledges to provide liquidity to troubled lenders and news that UBS had taken over embattled Credit Suisse.

UBS takeover of Credit Suisse: the main points

The takeover of Credit Suisse by UBS will create a banking giant unprecedented in the history of Switzerland, where banking is a core part of the national identity.

UBS takes over Credit Suisse in move to calm the markets

UBS will take over its troubled Swiss rival Credit Suisse for $3.25 billion following crunch talks Sunday aimed at stopping the stricken bank from triggering a wider international banking crisis.

Macron calls for calm amid French pension fury before crucial votes

French President Emmanuel Macron said Sunday he hoped his bitterly contested pensions reform plan, forced through parliament without a vote, could complete "its democratic journey", a day before crucial votes in parliament.

Controversial regasification unit arrives in Italy

A new floating storage and regasification unit considered crucial to Italy's energy security arrived in Tuscany on Sunday, sparking local protests.

Credit Suisse: a bank sunk by scandals

Credit Suisse was a pillar of Swiss banking that rapidly collapsed, its foundations fatally undercut by repeated missteps that left it shaky when storms in the banking sector began swirling.

UBS in $3.25bn takeover of Credit Suisse

UBS will take over its troubled Swiss rival Credit Suisse for $3.25 billion following crunch talks Sunday aimed at stopping the stricken bank from triggering a wider international banking crisis.

UBS agrees to take over Credit Suisse

UBS has agreed to take over its troubled Swiss rival Credit Suisse, the president of Switzerland announced Sunday, following urgent talks aimed at sparing the embattled bank from a bloodbath when the markets reopen.

'Shazam!' sequel tops N.America box office but lacks magic

"Shazam! Fury of the Gods" topped the North American box office this weekend with an estimated $30.5 million opening, but that represented a sharp dropoff from the original blockbuster and analysts called the result disappointing.

UBS, Credit Suisse lock horns in takeover talks

UBS is prepared to take over its troubled Swiss rival Credit Suisse but only for a knockdown price, reports said Sunday amid urgent talks aimed at saving the embattled bank from a bloodbath when the markets reopen.

New pension protests in France ahead of crucial votes

France faced another day of protests Sunday against a bitterly contested pension reform rammed through by President Emmanuel Macron's government, a day before crucial no-confidence votes in parliament.

Putin visits Mariupol in first trip to captured territory

Russian President Vladimir Putin made a surprise trip to Mariupol, the Kremlin said Sunday, his first visit to territory captured from Ukraine since the start of Moscow's offensive.

Unwanted visitor ruins spring break in Florida - toxic algae

With its brilliant sun, white sand and turquoise water, Lido Key Beach would make for a perfect postcard of Florida beaches if it weren't for the dozens of dead fish lying on the shore, killed by a toxic algae bloom known as red tide.

US Fed to balance banking woes, inflation in next rate decision

US central bankers face an unenviable task when they gather in Washington next week: tackling persistent inflation without adding to financial sector turmoil after Silicon Valley Bank's rapid collapse.

UBS and Credit Suisse: similar Swiss banks with differing fortunes

UBS and Credit Suisse, the two biggest banks in Switzerland, are in takeover talks, according to several media -- a move long deemed unthinkable as the pair are so similar.

Britain defends Rwanda asylum plan as 'compassionate'

Britain's interior minister defended a controversial plan to deport asylum seekers who arrive in the UK illegally to Rwanda during a visit to the country on Saturday, saying it was "compassionate".

French protest over Macron forcing through pension reform

People took to the streets across France on Saturday after President Emmanuel Macron imposed an unpopular pension overhaul without a parliament vote.

Guillaume Diop, more than just the first black star of Paris Opera

He is the first black person to achieve the exalted status of an "etoile" dancer at the Paris Opera, but that is only a small indication of what makes Guillaume Diop one of the most exciting ballet talents of his generation.

Japan, Germany pledge closer ties as Scholz visits Tokyo

Japan and Germany pledged closer defence ties and cooperation on diversifying supply chains as Chancellor Olaf Scholz and Prime Minister Fumio Kishida met in Tokyo Saturday.

Crunch weekend for crisis-hit Credit Suisse

Troubled Credit Suisse has two days to reassure before the markets open Monday with the spectre of a new turbulent week in global finance looming.

France faces weekend of protests over pension reform

France on Saturday braced for a weekend of protests, after a second night of unrest sparked by President Emmanuel Macron imposing an unpopular pension overhaul without a parliament vote.

Iranians face dilemma as New Year and Ramadan coincide

Tehran is emptying ahead of the Persian New Year, as is the case annually, but this time around Iranians are being forced to adapt as the festival coincides with Ramadan.

Censorship or evolution? 'Sensitivity readers' divide publishing world

It's a profession which is increasingly under the spotlight as the culture wars rumble on: "sensitivity readers" -- editors who identify insensitivities or stereotypes in manuscripts -- are becoming a lightning rod for the publishing industry.

Women sumo wrestlers 'breaking prejudice' in Brazil

If the phrase "sumo wrestler" calls to mind a hefty Asian man in a loincloth, Valeria and Diana Dall'Olio, a mother-daughter sumo wrestling team from Brazil, have a message: think again.

Berliner Tageblatt - Economy (English)