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Featured

Spanish PM begins vote campaign overshadowed by housing protests

Spain's Prime Minister Pedro Sanchez aimed to pull off another unlikely comeback as he began campaigning on Saturday for a snap vote dominated by housing protests that have shaken the country.

Proposed next EU budget cut back in search for deal

Ireland, which holds the EU's rotating presidency, suggested Saturday slashing the bloc's next proposed budget by 140 billion euros ($155 billion), in a quest to bridge deep division and reach a deal by the end of the year.

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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.

Soaring inflation wallops Cubans already battling shortages

Cuban retiree Xiomara Castellanos gets a monthly pension equivalent to $13.80. A carton of 30 eggs in the inflation-battered country costs $14.10 -- almost four times more than two years ago.

ADB says developing Asia's growth to accelerate after China reopening

The Asian Development Bank raised its 2023 growth forecast for developing Asia on Tuesday, after China's abrupt loosening of Covid-19 restrictions and reopening of its borders brightened the region's prospects.

Mixed auto sales in US paint murky picture of car consumers

Automakers reported mixed first-quarter US car sales Monday as some sedan models saw gains in a sign that vehicle affordability may be shifting consumer behavior.

How Russia will benefit from fresh oil production cuts

The shock announcement by several OPEC+ members to voluntarily cut their oil production by more than a million barrels per day from May has sent world oil prices soaring, in a move widely seen as the tightening of the bond between Russia and Saudi Arabia.

Greece border security under spotlight in election campaign

The rocky road running past dilapidated homes ends abruptly at a thick, five-metre-high metal barrier -- the end of the European Union, and Greece's border with Turkey.

Kenya to launch first operational satellite next week

Kenya will launch its first operational satellite next week in a landmark achievement for the country's space programme, the government said on Monday.

France's Macron opens way to potential assisted dying legalisation

France could be the next European country to legalise euthanasia for the terminally ill after President Emmanuel Macron on Monday called for a law on a "French model on the end of life" within months.

Oil market surges on shock output cuts

World oil prices soared Monday after several top producers led by Saudi Arabia sprang surprise output cuts that defied US calls for higher production to keep inflation down.

Greek trains resume on route of deadly train crash

Five weeks after Greece's worst rail disaster, which killed 57 people, partial service resumed on Monday on the main train line linking Athens and Thessaloniki, the country's second-largest city.

Turkey's inflation slows to 50% ahead of election

Turkey's annual inflation rate slowed to 50 percent in March, official data showed on Monday, delivering another boost for President Recep Tayyip Erdogan ahead May elections.

'It hurts': DR Congo currency drops amid war spending, arrears payments

A falling local currency, salary arrears payments and war spending have pushed up prices in impoverished Democratic Republic of Congo, leaving locals struggling to afford basics.

Oil prices soar as producers unveil shock output cut

Oil prices soared Monday after top producers unveiled a shock output cut of more than a million barrels, while equities mostly rose after data showed US and European inflation eased further last month.

Business confidence slumps among Japan's big manufacturers

Japan's largest manufacturers feel less optimistic about business conditions with confidence falling to its lowest level in more than two years, a key survey showed Monday.

Montenegro's veteran leader Djukanovic loses presidential run-off

Montenegro's political establishment was rocked Sunday night after long-time leader Milo Djukanovic suffered a crushing defeat in the country's presidential run-off to the upstart Jakov Milatovic, ending decades of rule by the incumbent.

Oil powers announce surprise cuts of more than 1 million bpd

Major oil powers led by Saudi Arabia announced a surprise production cut of more than one million barrels per day on Sunday, calling it a "precautionary" move aimed at stabilising the market.

'Dungeons & Dragons' finds N. America moviegoers are game

"Dungeons & Dragons: Honor Among Thieves" scorched the competition in North American theaters this weekend with an opening take estimated at $38.5 million, industry watcher Exhibitor Relations said Sunday.

Swiss prosecutors say investigating UBS-Credit Suisse merger

Swiss federal prosecutors said Sunday that they had begun investigating the UBS takeover of its embattled banking rival Credit Suisse.

Berliner Tageblatt - Economy (English)