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Stocks mixed with tech firms back under pressure

Most Asian markets were mixed Thursday with tech firms back under pressure after a four-day rebound amid lingering AI worries, while oil rose even as Iran said it was finalising a deal with Oman over the Strait of Hormuz.

'Stretch our money': Romanians face highest EU inflation

At the weekly market in the southern Romanian town of Calarasi, Florica Vasile goes from vendor to vendor loading her shopping trolley with vegetables the locals say are cheaper than anywhere else in the city.

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Hundreds of migrants attempt to storm the US-Mexico border

Hundreds of people tried to storm the US-Mexico border on Sunday, after a rumor that migrants would be allowed to cross into the United States.

HSBC buys failed US bank SVB's UK arm for £1

The UK arm of failed US lender Silicon Valley Bank has been bought by HSBC for a nominal £1 ($1.2) in a rescue deal, the government and HSBC announced Monday.

Markets mixed as traders weigh US support after SVB collapse

Equity markets were mixed Monday as US pledges to backstop troubled lenders helped soothe concerns about the US financial sector following the closure of two banks over the weekend.

Dutch farmer party hopes to reap election gains

At "Piggy's Palace", his farm in the Dutch countryside, Erik Stegink watches his pigs cavort in the mud and fight over chunks of broccoli, lines of worry etched on his face.

UAE's ADNOC Gas shares surge 25% in $2.5bn IPO

Shares in the United Arab Emirates' ADNOC Gas soared 25 percent in opening trade on Monday in a $2.5 billion initial public offering that aims to tap into growing demand for the fuel.

UAE's ADNOC Gas to start trading in $2.5bn IPO

UAE state energy company ADNOC's recently formed gas unit will launch on the Abu Dhabi stock market on Monday in a $2.5 billion initial public offering aimed at tapping high demand for the fuel.

Most Asian markets sink after US lender's collapse

Most Asian markets fell Monday as the closure of two regional US banks sparked fears of contagion in the financial sector, even as officials promised to support customers.

ECB seen hiking rates again, but for how much longer?

The European Central Bank is all but certain to raise interest rates again on Thursday, shifting analysts' attention to how much higher policymakers plan to go in the months ahead to tame inflation.

US regulators rush to contain SVB fallout, as a second bank fails

US authorities unveiled sweeping measures Sunday to rescue depositors' money in full from failed Silicon Valley Bank and to promise other institutions help in meeting customers' needs, as they announced a second tech-friendly bank had been closed by regulators.

Saudi unveils new airline to compete with Gulf rivals

Saudi Arabia announced Sunday the creation of a new national airline, part of a plan to turn Riyadh into a global aviation hub rivalling regional leaders like Dubai and Doha.

British tech sector 'at serious risk' after SVB collapse: govt

Britain's technology and life sciences sectors are at "serious risk" following the closure of the Silicon Valley Bank, Chancellor Jeremy Hunt warned on Sunday.

German Catholics challenge Vatican with sweeping reform drive

Germany's Catholic Church has ended a landmark renewal project by agreeing a slew of reforms including blessing same-sex marriages and allowing female deacons, at the risk of angering the Vatican.

Saudi Aramco reports 'record' $161 billion profit for 2022

Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude exporter.

Saudi Aramco reports 46% jump in profits for 2022

Saudi Aramco reported on Sunday that profits jumped 46 percent last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude exporter.

'True artistry': Austria puppets charm with age-old craft

It takes as long to train to be a puppeteer at the world-famous Salzburg Marionette Theatre as it does to become a doctor.

VW joins e-car price war as global rivalry heats up

German giant Volkswagen is set to follow Tesla's lead with a high-profile price drop as the battle for global dominance in the electric car segment intensifies, and local challengers race ahead in key market China.

Worry for tech startups after Silicon Valley Bank failure

Silicon Valley Bank's stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and their private equity backers, raising fears of a wider tech sector fallout.

French Senate approves pensions reform as protests appear to lose steam

France's Senate voted late Saturday to approve a deeply unpopular reform to the country's pension system, hours after demonstrators took to the streets to oppose the cornerstone policy of President Emmanuel Macron's second term in office.

Thousands join anti-government protest in Prague

Thousands took to the streets of Prague on Saturday in protest against the Czech government, high inflation and demanding an end to the country's military support for Ukraine.

Iconic Match of the Day overshadowed by Lineker row

Proudly billed by the BBC as "the world's most famous football show", Match of the Day tackled the sport's most controversial moments for nearly 60 years before being thrown into turmoil by outspoken presenter Gary Lineker this week.

Private firm to launch maiden rocket flight in Spain

A micro rocket built by a Spanish company will lift off within several weeks, Prime Minister Pedro Sanchez said on Saturday, a first for Spain as a space race hots up in Europe.

French protesters back on streets against Macron's pension plan

Demonstrators in France took to the streets Saturday for a seventh day of protest against President Emmanuel Macron's pension reform plans, with police expecting up to a million people at rallies nationwide.

Syria centre seeks to rehabilitate IS-scarred foreign children

Children of foreign jihadists play football on a dirt field at a centre in northeastern Syria that Kurdish authorities hope will help rehabilitate minors raised on Islamic State group ideology.

Hollywood's Asian stars welcome 'long overdue' breakthrough at Oscars

From Oscars favorites "Everything Everywhere All at Once" and "RRR" to an unprecedented four acting nominations, Asian representation in Hollywood has finally achieved a remarkable and overdue breakthrough this year, industry insiders say.

SVB's demise a sign of worry, but limited contagion risk: analysts

The surprisingly rapid implosion of Silicon Valley Bank has markets jittery over a potential sign of widespread turmoil, but analysts see only a limited risk of financial contagion.

Biden, EU chief meet on trade tensions, Ukraine

President Joe Biden and top EU official Ursula von der Leyen met Friday at the White House to try to defuse a transatlantic trade dispute over subsidies for the green economy, as well as to bolster cooperation on confronting Russia.

From Colombia or Haiti, migrants' long road ends in Canada

For exhausted migrants, a small stretch of snow-covered road is the last step in a long journey to a new life in Canada. Some drag heavy suitcases, others carry all their worldly belongings in small plastic bags.

US firm reaches next stage in Man Utd bidding process

US hedge fund Elliott Investment Management has made it through to the second stage of the bidding process in the potential sale of Manchester United.

Markets in turmoil as US closes Silicon Valley Bank

US regulators shut down Silicon Valley Bank on Friday in a spectacular move that sent global banking shares into turmoil, as markets fretted over possible contagion from the biggest banking failure since the 2008 financial crisis.

Markets rattled as bank shares hammered

Global markets took a beating on Friday as US jobs data boosted the likelihood of further aggressive interest rate hikes, and bank shares were mauled by the SVB debacle.

Meta working on potential Twitter rival

Facebook owner Meta is working on a new "text sharing" social media platform, it said Friday, in a project seen as a potential rival to embattled Twitter.

Global bank shares gyrate as US tech-oriented bank wobbles

Global banking shares gyrated on Friday as trouble at US regional lender SVB Financial sparked concerns over the wider sector.

Berliner Tageblatt - Economy (English)