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Spain imposes border checks on Italy as migrant showdown grows

Spain announced on Friday it would introduce temporary border checks on travellers from Italy in response to Rome imposing similar measures after a mass migrant rush into Ceuta.

Trump renews effort to remove US Fed Governor Lisa Cook

US President Donald Trump is moving forward with an attempt to remove Federal Reserve Governor Lisa Cook over mortgage fraud allegations, according to a White House letter seen by AFP on Friday, after the Supreme Court batted him back in June.

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German watchdog raps Google over user data practices

Germany's antitrust regulator on Wednesday criticised the way Google handles users' data and threatened action against the US tech giant.

Uniqlo parent company to boost Japan wages up to 40%

Uniqlo's parent company said Wednesday it would raise the wages of thousands of its employees in Japan by up to 40 percent to help it become more competitive globally.

UK, Japan to sign major defence deal allowing troop deployments

The British and Japanese prime ministers will sign a "hugely significant" new defence deal allowing UK troops to deploy in Japan when the pair meet in London on Wednesday, Downing Street said.

Asian markets rise again on recovery hope as inflation data looms

Asian equities pushed higher Wednesday as investors were buoyed by China's reopening and optimism that key data due this week will signal a further slowdown in US inflation.

UK and Japan to sign major defence deal as PM Kishida visits London

UK Prime Minister Rishi Sunak and his Japanese counterpart Fumio Kishida will sign a "hugely significant" new defence agreement when the pair meet in London on Wednesday, Downing Street said.

UK minister to meet N.Ireland parties in bid to end deadlock

UK Foreign Secretary James Cleverly on Wednesday sits down with Northern Ireland's political leaders in Belfast to try to end a political deadlock caused by wrangling over post-Brexit trading rules.

Meta bans ads targeted at teens based on gender

Meta, owner of Instagram and Facebook, on Tuesday said it will stop allowing advertisers to target ads at teens based on gender, as it fights accusations that its platforms are harmful to young users.

Airbus books 820 net plane orders, highest since 2017

Airbus said Tuesday that it booked 820 net plane orders last year, a sharp jump from the previous year and its highest level of sales since 2017.

Canadian mining giant says nearing deal on huge Panama pit

The Canadian mining giant First Quantum Minerals said Tuesday it is close to an agreement with Panama to avert the closure of Central America's largest copper mine.

UN decries 'intolerable' loss of 5 million children in 2021

An estimated five million children under the age of five died in 2021, the United Nations said Tuesday, urging health care investment in underserved communities around the globe to avoid this "immense, intolerable and mostly preventable loss of life."

Strikes called as Macron presses ahead with French pension reform

French trade unions called for strikes and protests Tuesday after President Emmanuel Macron's government announced plans to raise the retirement age, setting the stage for a bitter fight and weeks of disruption.

EU tells TikTok chief to respect data privacy laws

The European Union warned online giant TikTok on Tuesday to respect EU law and ensure the safety of European users' data, as the video-sharing app's CEO met with top officials in Brussels.

Fed official sees chance to lower inflation without major downturn

US unemployment has stayed low despite rising interest rates and easing inflation, representing a "hopeful sign" that consumer prices can come down without a significant downturn, a Federal Reserve official said Tuesday.

Suspected Russian accounts 'attack' Banksy Ukraine sale

Thousands of "hostile" web attacks launched from Russian IP addresses have targeted an online auction of prints by British graffiti artist Banksy in aid of Ukraine, the charity Legacy of War Foundation said Tuesday.

Key points from Prince Harry's memoir

Prince Harry's memoir "Spare" officially went on sale on Tuesday. Here are some notable details:

Stocks hesitant as traders eye US inflation, rates

Stock markets wavered on Tuesday as investors took a cautious stance after US officials indicated they were prepared to keep interest rates high to curb soaring inflation.

NATO, EU vow more support for Ukraine to defend itself

NATO and the EU vowed Tuesday to bolster their backing for Ukraine to fight off Russia's invasion and ramp up cooperation between Europe and the US-led alliance.

NGO chief Egeland presses Taliban to reverse ban on Afghan women staff

The head of a leading NGO has flown to Afghanistan to urge the Taliban to reverse their ban on Afghan women aid workers, warning that "lives will be lost" if they fail to do so.

Asian markets drift as rate fears deal blow to China-fuelled rally

Asian markets were mixed Tuesday as growing optimism over China's economic reopening was offset by warnings that US interest rates will continue to rise and stay elevated for some time.

Macron's reputation on the line with pension reform push

The French government is set to announce its proposals for overhauling the pension system on Tuesday, in a potentially explosive reform fraught with danger for President Emmanuel Macron.

Alpine tourists ski amid brown hillsides

Brown hillsides and slivers of snow -- a common sight across Europe's Alps, and a far cry from the winter wonderland tourists had banked on.

Novelist Paul Auster addresses US gun violence in new book

The popular US novelist Paul Auster is turning his sights on America's epidemic of gun violence in a hard-hitting, 100-page essay that features photos from mass shootings.

US stocks mixed as market mulls 'soft landing', dollar drops

Wall Street stocks were mixed at the end of Monday's session while the dollar retreated against major currencies, as markets weighed the odds that the US economy will achieve a desired "soft landing."

Top US court backs WhatsApp suit over Pegasus spyware

The US Supreme Court on Monday rejected a bid by NSO Group to block a WhatsApp lawsuit accusing the Israeli tech firm of allowing mass cyberespionage of journalists and human rights activists.

Belgium agrees with France's Engie to extend nuclear reactors

Belgium has agreed a deal with French energy firm Engie on extending the life of two nuclear reactors for a decade, the two sides said on Monday.

UK curbs energy bill support for businesses

Britain on Monday scaled back its energy bill support for businesses after warning that the current level of assistance was unsustainable for public finances.

UK unions left disappointed after pay talks with govt

UK trade unions branded talks Monday with the government to discuss pay rise demands across the public and private sector "disappointing", as workers prepare to stage the latest in months of damaging strikes.

EU, UK discuss N. Ireland post-Brexit trading problems

UK Foreign Secretary James Cleverly on Monday met EU Commission Vice-President Maros Sefcovic to discuss problems in Northern Ireland surrounding post-Brexit trading arrangements.

Big Tech sued by Seattle schools over mental health 'crisis'

The public school district in the US city of Seattle has filed a lawsuit against big tech companies for allegedly causing mental harm, depression and anxiety among students.

US agency fines ex-McDonald's CEO for defrauding investors

US authorities on Monday fined former McDonald's CEO Stephen Easterbrook and barred him from serving as a public company officer for five years after accusing him of defrauding investors in connection with his termination in 2019.

Pakistan asks IMF for restructuring 'pause'

Pakistan's prime minister on Monday asked the IMF for a pause in its demands for economic reforms before releasing more financial aid, as the country tries to rebuild after catastrophic floods.

Stocks rise as horizon clears in China, US

Stock markets gained ground on Monday, building on hopes that China's economy will bounce with the easing of Covid rules, and that slowing inflation will stay the Federal Reserve's hand on interest rate hikes.

Berliner Tageblatt - Economy (English)