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Stocks rise as Trump says Russia to release diesel to world markets

Stock markets climbed Friday after US President Donald Trump ruled out a strike on Iran before midterm elections, while announcing that Russian diesel would flow to global markets following talks with Moscow's Vladimir Putin.

Turkey jails 2 journalists pending trial for fund crisis 'misinformation'

A Turkish court on Friday jailed two journalists pending trial for allegedly spreading misinformation over a sprawling investment fund scandal, while another two were granted conditional release, media reports said.

Last news

More central banks hike rates despite banking turmoil

The Bank of England joined Norway and Switzerland in hiking interest rates Thursday to tackle stubbornly-high inflation, though banking-sector turmoil could soon lead to a pause in US tightening as hinted by the Federal Reserve.

European stocks drop after rate hikes

European stocks sank Thursday after the US Federal Reserve and other central banks in Europe hiked interest rates despite turmoil in the banking sector.

Toshiba says it will 'support' $15 bn takeover bid

Troubled Japanese conglomerate Toshiba said Thursday it will "support" a $15 billion takeover bid by a consortium led by investment fund Japan Industrial Partners.

After Fed, European central banks hike rates

Switzerland and Norway hiked interest rates Thursday to tackle inflation despite banking-sector turmoil, with the Bank of England next in line after the US Federal Reserve also lifted borrowing costs.

Toshiba to go private as board accepts $15 bn takeover bid: reports

Troubled Japanese conglomerate Toshiba on Thursday accepted a $15 billion takeover bid by a consortium led by investment fund Japan Industrial Partners, major local media outlets reported.

After Fed, European central banks hike their rates

Switzerland and Norway hiked interest rates Thursday to tackle inflation despite banking-sector turmoil, with the UK's central bank next in line after the US Federal Reserve also lifted borrowing costs.

Asian markets rise as dollar falls on Fed rate hopes

Asian markets mostly rose Thursday and the dollar retreated, brushing off a Wall Street retreat on hopes the Federal Reserve's latest interest rate hike would be one of its last.

Asian markets fall with Wall St after Fed rate hike, warning

Asian markets skidded Thursday, tracking losses on Wall Street after the US Federal Reserve hiked interest rates again and dealt a blow to hopes it could cut them later in the year to soothe worries over the banking sector.

After Fed, Europe's central banks to decide on rates

A clutch of European central banks announce interest-rate decisions Thursday as markets remain jittery over turmoil in the global banking sector.

Brazil's Lula irks foreign oil companies with new tax

Brazilian President Luiz Inacio Lula da Silva has not even been in power for 100 days but has already provoked the wrath of foreign oil companies with the creation of a new tax on crude exports.

US Fed lifts key interest rate, voices banking sector concerns

The US Federal Reserve raised its benchmark lending rate on Wednesday, as it sought to strike a balance between curbing high inflation and averting further upheaval in the commercial banking sector.

US stocks tumble after Fed rate hike, concerns on economy

Wall Street stocks slumped Wednesday as the US Federal Reserve continued hiking interest rates to fight inflation, while noting that banking sector turmoil could weigh on the economy.

US Fed lifts key interest rate amid banking sector fears

The US Federal Reserve raised its benchmark lending rate on Wednesday, as it sought to strike a balance between curbing high inflation and averting further upheaval in the commercial banking sector.

Stock markets mark time before crucial Fed rate call

Wall Street stocks marked time and European markets made timid gains on Wednesday as investors awaited the US Federal Reserve's latest interest rate decision following upheaval in the banking sector.

Five years after his death, Philip Roth's concern for US democracy lives on

Five years after his death, Philip Roth's concern for the state of American democracy lives on, evidenced during a sprawling celebration and debate of the writer's legacy on what would have been his 90th birthday.

Army convoy brings food to blockaded Burkina city

An army convoy has delivered desperately-needed supplies to a northern Burkina Faso city that has been blockaded by jihadists for months, locals and security sources told AFP Wednesday.

Debt-ridden China Evergrande rolls out restructuring plan

Troubled Chinese property giant Evergrande unveiled on Wednesday a long-awaited restructuring proposal for its massive debts, as it fights off a winding-up court petition brought by creditors in Hong Kong.

Stock markets mixed before crucial Fed rate call

Wall Street fell but European stock markets rose on Wednesday as investors awaited the US Federal Reserve's latest interest rate decision following upheaval in the banking sector.

Greek trains resume after rail disaster: operator

Some intercity rail travel resumed in Greece on Wednesday for the first time since a head-on collision killed 57 people in the nation's worst rail disaster more than three weeks ago, operator Hellenic Train said.

Greek trains back on track after rail disaster: operator

Intercity rail travel resumed in Greece on Wednesday for the first time since a head-on collision killed 57 people in the nation's worst rail disaster more than three weeks ago, operator Hellenic Train said.

Gaming giant Tencent's 2022 annual net profit falls 16%

Chinese gaming giant Tencent's profits fell steeply last year, according to an earnings report released Wednesday, as the country's tech sector weathers a government crackdown and a shaky economy.

Stock markets mostly rise before crucial Fed rate call

Major stock markets mostly rose Wednesday on soothing worries over the banking sector, according to analysts.

Xi departs Moscow, Russia strikes Ukraine school

A Russian drone attack on a school near Kyiv killed at least four people before Chinese leader Xi Jinping left Moscow on Wednesday at the close of a summit with President Vladimir Putin.

US Fed mulls more rate hikes after banking turmoil

US banks will be paying especially close attention to the Federal Reserve's interest-rate decision on Wednesday after two weeks of market turmoil over the collapse of three regional lenders.

Greek trains resume after February rail crash: operator

Intercity rail travel in Greece resumed on Wednesday for the first time since a head-on collision of two trains killed 57 people more than three weeks ago, operator Hellenic Train said.

Sri Lanka leader warns hard times to follow IMF bailout

Sri Lanka's president warned Wednesday of more economic pain to come for the crisis-hit nation, with strict austerity measures needed to restore its ruined finances after an IMF bailout deal.

Meet the youth reframing the news for TikTok, YouTube

In the suburbs of Madrid, four young women are hard at work creating videos summarising the news that is viewed every day by millions of people on TikTok.

Maduro appoints new Venezuela oil minister after corruption scandal

Venezuelan President Nicolas Maduro appointed a new petroleum minister on Tuesday after the department's powerful former boss resigned over an anti-corruption crackdown that has seen several high-ranking officials arrested.

Xi departs Russia after 'new era' summit with Putin

Chinese leader Xi Jinping left Russia on Wednesday after a summit with President Vladimir Putin that was a display of unity against the West, with no apparent signal of a breakthrough to end the fighting in Ukraine.

US Fed mulls more rate hikes amid banking uncertainty

American banks will be paying especially close attention to the Federal Reserve's interest-rate decision on Wednesday, as the collapse of Silicon Valley Bank (SVB) continues to reverberate through financial markets.

Gaza fisherman tests waters in legal fight over Israeli blockade

Gaza fisherman Jihad al-Hissi is used to rough waters but he now faces a new storm. An Israeli court may seize his boat after he breached the limits of the enclave's fishing zone.

Chip war and censorship hobble Chinese tech giants in chatbot race

Search giant Baidu's lacklustre unveiling of its chatbot exposed gaps in China's race to rival ChatGPT, as censorship and a US squeeze on chip imports have hamstrung the country's artificial intelligence ambitions.

Berliner Tageblatt - Economy (English)