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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.

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Asia tracks Wall St rally as Fed decision replaces bank worries

Asia extended a global equities rally Wednesday as more pledges of government support soothed worries over the banking sector and provided some much-needed stability after more than a week of upheaval.

Swiss sweat over size of new superbank

The arranged marriage of UBS and Credit Suisse will create the biggest bank Switzerland has ever seen, with some wondering if the superbank might be too big for its own good.

Suit says Meta board 'turned blind eye' to human trafficking

A shareholder lawsuit filed late Monday accuses board members of Instagram and Facebook parent Meta of shirking their duties by ignoring human and sex trafficking on the tech giant's social platforms.

Xi, Putin hail 'new era' of ties in united front against West

China and Russia's leaders hailed a "new era" in their relationship on Tuesday, putting on a united front in Moscow as Vladimir Putin accused the West of rejecting Beijing's proposals to end the Ukraine conflict.

Le Pen warns France at risk of 'social explosion' over pensions reform

French far-right leader Marine Le Pen warned Tuesday that President Emmanuel Macron was pushing the country to the verge of a "social explosion" with his highly contested pensions reform.

UK food delivery app to axe more than 1,700 jobs

Food delivery platform Just Eat Takeaway unveiled plans Tuesday to axe more than 1,700 mostly courier jobs in Britain, as it slashes costs in the wake of huge annual losses.

Google opens chatbot Bard for testing in US and UK

Google on Tuesday invited people in the United States and Britain to test its AI chatbot, known as Bard, as it scrambles to catch up with Microsoft-backed ChatGPT.

Water turmoil in Cameroon's boom city casts shadow over precious resource

Dawn breaks in Cameroon's economic hub, the seething metropolis of Douala, and a crowd gathers at the water spigots by the Guinness brewery in the run-down district of Bassa.

Swiss brace for major job losses after Credit Suisse buyout

Tens of thousands of jobs could disappear in Switzerland following UBS's emergency takeover of its troubled rival Credit Suisse, observers warned Tuesday, as unions demanded a rescue package for banking staff.

Xi seeks tighter cooperation with Russia at Kremlin talks

Xi Jinping promised to strengthen coordination with Russia at a Kremlin summit with President Vladimir Putin on the Chinese leader's first visit to Moscow since the beginning of Russia's assault on Ukraine.

US home sales bounce in February, ending 12-month slide

Sales of existing homes in the United States made their biggest monthly jump since 2020 in February, ending a year of declines according to industry data released on Tuesday.

Kenya arrests 200 in violent protests as opposition calls fresh rallies

Kenya's opposition leader Raila Odinga on Tuesday vowed no let-up in his protest campaign against the government, after a day of violent demonstrations that saw more than 200 people arrested.

Stocks extend rally as bank panic eases

Stock markets extended gains on Tuesday, with bank shares rallying as fears of a financial crisis eased after authorities moved to shore up the sector.

US banking sector 'stabilizing' after turmoil: Yellen

The US banking sector is "stabilizing" after the recent failures of Silicon Valley Bank and Signature Bank rattled the industry, Treasury Secretary Janet Yellen will tell a summit Tuesday, according to prepared remarks.

EU raids energy drink maker Red Bull in antitrust probe

EU antitrust investigators have raided energy drink maker Red Bull over suspicions it abused its dominance in the wildly popular market, officials said Tuesday.

Uganda to vote on tough anti-gay bill

Uganda's parliament was due to vote Tuesday on anti-gay legislation which proposes tough new penalties for same-sex relations in a country where homosexuality is already illegal.

Macron defiant as anger smoulders over French pension reform

French President Emmanuel Macron told allies Tuesday he plans to keep the government in place and not dissolve parliament, defying opponents and widespread public anger over his pensions reform.

Credit Suisse tells Hong Kong clients to 'embrace new reality'

Days after it was rescued in an emergency buyout, Credit Suisse gathered hundreds of clients in an upscale Hong Kong hotel on Tuesday for a glitzy investment conference where they were told to "embrace the new reality".

Stocks rally as panic eases over banks

Stock markets jumped Tuesday, gradually recovering from last week's plunge, as shares in banks rallied on easing fears of a fresh financial crisis.

Markets rebound as bank fears ease, Fed decision in view

Asian and European markets bounced Tuesday from the previous day's rout, with lenders boosted by easing concerns of another financial crisis, while focus turned to the Federal Reserve's policy decision later in the week.

In Egypt's Nile Delta, women's field hockey team upholds ancient mantle

Egypt's fertile Nile Delta may not be the obvious destination for field hockey, but a women's team is blazing a trail in a region that lays claim to the sport's ancient roots.

Asian markets rebound as bank fears ease, Fed decision in view

Asian markets bounced Tuesday from the previous day's rout, with lenders boosted by easing concerns of another financial crisis, while focus turned to the Federal Reserve's policy decision later in the week.

Sri Lanka: timeline of a crisis

The International Monetary Fund approved a $2.9 billion bailout deal for Sri Lanka on Monday, raising hopes for an easing of the island nation's dire economic crisis.

Ukraine conflict to dominate Putin, Xi talks

Vladimir Putin and Xi Jinping were set to hold a second day of talks on Tuesday, as the internationally isolated Russian leader said he was open to discussing China's proposals on the fighting in Ukraine.

US government seeks to avoid 'bailout' label amid banking turmoil

US authorities may have taken extraordinary steps in recent weeks to assure depositors of failed lenders Silicon Valley Bank and Signature Bank, but they are avoiding parallels with bailouts of the 2008 crisis -- which have been criticized.

Three Ecuador TV stations receive letter bombs, one explodes

Letter bombs addressed to journalists were sent to three TV stations in violence-plagued Ecuador Monday, one of which exploded without causing casualties, officials and the outlets reported.

Venezuela's oil minister resigns over graft probe

Venezuela's oil minister Tareck El Aissami resigned on Monday after prosecutors opened a corruption investigation into officials at the state oil company PDVSA.

Letter bomb explodes at Ecuador TV station, other media get envelopes

Two letter bombs were sent to TV stations in violence-plagued Ecuador on Monday, one of which exploded without causing casualties as other media also received suspect envelopes, officials and media reported.

BBC urges staff to ditch TikTok over data fears

The BBC said Monday that it had told staff to delete Chinese-owned video app TikTok unless it was needed for business reasons, with Western institutions increasingly taking a harder stance over data collection fears.

French govt survives no-confidence votes in pension fight

The French government under President Emmanuel Macron on Monday survived two no-confidence motions in parliament, but still faces intense pressure over its handling of a controversial pensions reform.

Swiatek pairs up with Federer's sportswear brand On

World number one Iga Swiatek has signed a partnership deal with Swiss sportswear brand On, co-owned by Roger Federer, the Polish tennis player said on Monday.

Bank shares wobble after Credit Suisse buyout

Bank shares wavered in volatile trading on Monday after a UBS takeover of embattled Swiss rival Credit Suisse and actions by financial authorities aimed at calming investors fearing a broader crisis.

Berliner Tageblatt - Economy (English)