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Featured

Environmental disaster looms as tanker leaks off Oman

Oman is facing an impending environmental catastrophe as an alleged Russian shadow fleet tanker leaks oil across hundreds of square kilometres near a nature reserve, NGOs warn.

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.

Last news

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.

Turkey still hopeful of extension to Ukraine grain deal

Turkey is hoping that a grain export deal between Kyiv and Moscow key to alleviating a global food crisis can be extended for another 120 days -- but time is running out.

Huawei has replaced thousands of US-banned parts with Chinese versions: founder

Chinese technology giant Huawei has replaced thousands of product components banned by the United States with homegrown versions, its founder has said, according to a transcript of a recent speech released by a Shanghai university.

A Yellow Vest rerun? Anti-Macron protests could harden

French President Emmanuel Macron's move to force through his pension reform by short-circuiting parliament, unions and public opinion could rekindle social unrest reminiscent of the Yellow Vest movement, union leaders predict.

Musk says code for recommending tweets will be public

Twitter owner Elon Musk on Friday put out word that he will make public the long-secret algorithm for recommending tweets.

Bank fears return to haunt global stock markets

Stocks markets tumbled again on Friday as fears of a banking crisis resurfaced despite massive financial lifelines thrown at embattled lenders to prevent contagion across the sector.

French govt faces no-confidence votes over pensions fight

French President Emmanuel Macron's government on Friday faced no-confidence motions in parliament and intensified protests after imposing a contentious pension reform without a vote in the lower house.

Interest rate risk: SVB's nemesis a well-known foe in banking

Among the mysteries surrounding the collapse of Silicon Valley Bank, finance experts have fixated on the California lender's failure to practice basic risk management.

Credit Suisse at a crossroads as stocks slide again

Credit Suisse shares fell again Friday despite being bolstered by the Swiss central bank as investors worry about which road the embattled lender will take to try and restore confidence.

Biden celebrates St Patrick's Day with Irish PM

President Joe Biden and Irish Prime Minister Leo Varadkar painted the town green Friday, celebrating Saint Patrick's Day -- and touting Biden's expected visit to Ireland and Northern Ireland to mark the anniversary of the Good Friday peace accords.

Bank fears return to haunt stock markets

Stocks markets tumbled again on Friday as fears of a banking crisis resurfaced despite massive financial lifelines thrown at US and Swiss lenders to prevent contagion across the sector.

Macron govt faces no-confidence vote over pensions fight

Stocks slide as bank fears return to the forefront

US and European stock markets fell on Friday as fears over the health of the banking system festered despite the latest efforts to shore up troubled lenders and tamp down contagion risks.

'Serious' safety faults in Greek rail network: watchdog

Greece's rail watchdog on Friday said a probe had uncovered serious signs of poor training among staff on duty during the country's deadliest train tragedy, which killed 57 people last month.

First German minister to visit Taiwan in 26 years: ministry

German Education Minister Bettina Stark-Watzinger will travel to Taiwan next week, Berlin said Friday, as the first cabinet member to visit in 26 years in a move set to spark tensions with China.

Stock markets recover further on easing bank fears

Asian and European stock markets mostly rose Friday, extending a global rally, as traders welcomed a multi-billion-dollar show of support for troubled banks aimed at soothing concerns about contagion in the sector.

China's Xi to visit Russia on first visit since Ukraine invasion

Chinese President Xi Jinping will make a state visit to Moscow next week, where he will hold talks with his strategic ally Vladimir Putin just over a year into Russia's war in Ukraine.

Markets extend global rally as banking sector fears ease

Asian and European markets rose Friday, extending a global rally, as traders welcomed multi-billion-dollar shows of support for troubled banks aimed at soothing concerns about contagion in the sector.

Crypto-linked bank failures fuel regulation debate

The global cryptocurrency industry has been slammed by setbacks, scandals and high-profile failures in recent months, sparking a regulatory rush to protect consumers from fraud and scams.

Asian markets extend global rally as banking sector fears ease

Asian markets rose Friday, tracking New York and European equities, as traders welcomed multi-billion-dollar shows of support for troubled banks aimed at soothing concerns about contagion in the sector.

Libya's boxers recover from Kadhafi-era knockout

Omar Zlitni holds a decades-old, black-and-white photo of himself as a boxer in his prime, posing in shorts and a training vest before Libya's then-dictator, Moamer Kadhafi, banned his beloved sport.

Italy's 'Fourth Mafia', little-known but extremely violent

It took a loaded pistol pointed at Lazzaro D'Auria's head for the Italian landowner to finally say yes to the country's newest and most violent mafia.

Northeast Brazil sees more fierce gang violence

Marauding attacks by gang members in northeast Brazil continued for a third night despite a beefed up presence of security forces, authorities said on Thursday.

Sanofi, joining other drug makers, slashes US insulin price

French pharmaceutical giant Sanofi announced on Thursday it would cut the US price of its most prescribed insulin by 78 percent, falling in line with two other major drug makers.

Global stocks rally on 'dovish' ECB hike, First Republic relief package

Wall Street rallied Thursday after a consortium of US private banks announced a $30 billion rescue package for First Republic, while European stocks jumped on a European Central Bank's interest rate decision that was called a "dovish hike."

Credit Suisse bounces back but caution lingers

Credit Suisse rallied on the stock market Thursday after grabbing a $54 billion central bank lifeline in a bid to restore investor confidence but analysts remain wary about the major lender's future.

Wall Street giants move to rescue First Republic Bank

America's largest banks moved Thursday to shore up First Republic, easing fears that the regional lender could be the next domino to fall after two collapses including Silicon Valley Bank (SVB).

Italy's Meloni revives contentious Sicily bridge plan

Italian Prime Minister Giorgia Meloni's cabinet passed a decree Thursday relaunching a controversial project to build a huge, multibillion-euro bridge linking Sicily to the mainland.

Global stocks rally after ECB lifts rates amid First Republic rescue talk

Wall Street rallied Thursday on reports that private US banks were in talks to save First Republic Bank while European stocks jumped as the European Central Bank lifted interest rates but took a somewhat "dovish" tone for the future.

Meta maps way to 'kill' online deception campaigns

Meta on Thursday released a framework for exposing and combating malicious online campaigns from election lies to terrorist recruitment.

US maternal mortality rate rose sharply in 2021: report

The US maternal mortality rate surged in 2021, the second year of the Covid-19 pandemic, with Black women more than twice as likely to die than white women, according to a report released on Thursday.

Stocks surge on 'dovish' ECB rate hike

Stocks surged higher Thursday after the European Central Bank went ahead with a big interest rate hike despite fears of a banking crisis but took a somewhat "dovish" tone for the future.

Berliner Tageblatt - Economy (English)