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Featured

OpenAI revenue gap report rattles AI stocks

OpenAI is bringing in about $20 billion less in annualized revenue than investors had been led to believe, the Financial Times reported Thursday, raising questions about the solidity of the AI business.

Nigeria looks to ease fuel prices as election looms

Nigeria's finance minister unveiled a raft of measures Thursday aimed at cushioning against energy shocks as the country prepares to go to the polls, including a petrol discount for public transport operators.

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Ghana labour unions call for strike over local debt swap

Ghana's main unions on Monday called for a nationwide strike from next week in protest against the inclusion of workers' pensions in a local debt swap programme as part of the terms for an IMF credit.

Hong Kong exchange headed to worst IPO finish in a decade

Hong Kong's stock exchange is on track for its weakest year since 2012 for new listings as the city reeled from the pandemic, rising interest rates and China's economic uncertainty, according to data released Tuesday.

'Asterix' takes on new writer for 2023 instalment

Popular French comic book series "Asterix" will turn a new page for its forthcoming 40th volume, with a new writer chosen to pen next year's instalment, the publisher said Tuesday.

London Arabic bookshop to shut after 45 years

Salwa Gaspard gazes fondly at the hundreds of Arabic-language books displayed on dark wooden shelves, putting some back in place while exchanging a few words with customers.

UK nurses stage new walkout over pay

UK nurses on Tuesday stage a second unprecedented strike amid an increasingly acrimonious fight with the government for better wages and warnings that patient safety could be jeopardised.

Japan central bank tweaks monetary policy, yen strengthens

Japan's central bank tweaked its longstanding monetary easing programme on Tuesday, in a surprise move that saw the yen strengthen quickly against the dollar while Tokyo stock markets fell.

Biden says 'will not be silent' over rising anti-Semitism

Joe Biden on Monday promised he will not remain silent in the face of growing anti-Semitism in the United States, as the president hosted a White House reception celebrating Hanukkah, the Jewish festival of lights.

King Charles banknotes to enter UK circulation from mid-2024

The first banknotes bearing the image of King Charles III are set to enter circulation by mid-2024, the Bank of England said on Tuesday as it unveiled their designs.

Naughty, not nice: 'Santa' bags Peru drug sellers

A gang of drug dealers in Peru got a nasty surprise when Santa and a merry band of elves broke down their door, cuffed them and seized their merchandise in an unusual bust announced Monday.

Argentina lauds united footballers in divided crisis-riven country

For the last month, Lionel Messi and his Argentina teammates have brought success and unity to their fans, in stark contrast to the country's economic woes and polarized political landscape.

Ethiopia's largest bank says Tigray services resume

The Commercial Bank of Ethiopia said Monday that it has resumed financial services in some towns in the war-torn region of Tigray, enabling residents to access their funds after a shutdown lasting more than a year.

FTX founder Bankman-Fried back in jail after hearing

Samuel Bankman-Fried, wanted in the United States for fraud after the collapse of his FTX group, returned to a Bahama prison Monday after a hearing that had been expected to focus on his possible extradition.

Honeywell to pay $160 mn to settle US, Brazil bribe case

US industrial giant Honeywell will pay $160 million to settle criminal and civil probes in Brazil and the United States over bribes in order to win business from two national oil companies, the government said Monday.

Record year for auction houses Christie's and Sotheby's

Auction house Christie's on Monday announced record sales of $8.4 billion in 2022, outshining its rival Sotheby's, which also posted its best-ever result at $8 billion for the year.

Former 'Top Gear' host stokes complaints after Meghan 'hate' article

Former Top Gear host Jeremy Clarkson faced a barrage of complaints on Monday after a huge backlash to a newspaper column in which he said he "hated" Prince Harry's wife Meghan.

US investor buys French Ligue 1 club Lyon

American investment company Eagle Football Holding added to a growing international portfolio when it took control of Ligue 1 club Lyon on Monday, the French side announced in a press release.

German gas giant's shareholders back nationalisation

Shareholders of troubled German gas giant Uniper on Monday approved the company's nationalisation after it was pushed to the brink of collapse following Russia's invasion of Ukraine.

Greek policeman who fatally shot Roma boy freed ahead of trial

A Greek police officer accused of fatally shooting a Roma teen earlier this month was conditionally freed from detention Monday ahead of his trial, a justice source said.

German gas giant's shareholders to vote on nationalisation

Shareholders of troubled German gas giant Uniper were to vote Monday on the company's nationalisation after it was pushed to the brink of collapse following Russia's invasion of Ukraine.

German business morale up again as prospects brighten

German business confidence improved for a third straight month in December, a key survey showed Monday, the latest sign a downturn in Europe's top economy may be milder than feared.

Italy partly bows to EU over card payments

Italy's new hard-right government has abandoned plans to allow merchants to refuse card payments under 60 euros ($64), following pressure from the European Union.

Ghana suspends part of foreign debt payments

Ghana suspended payments on part of its foreign debt on Monday as the country undertakes debt restructuring in line with a bailout deal with the International Monetary Fund (IMF).

European stocks attempt pre-Christmas rebound

Europe equities rose Monday in light pre-Christmas trade with many traders away for the festive break, rebounding gently from last week's losses that followed bumper interest rate hikes.

Musk polls Twitter users on his future as CEO

Elon Musk appeared to put his future in charge of Twitter on the line, posting a poll asking whether he should step down and vowing to abide by the results.

Cars and dolls for all: Spain tackles toy gender bias

Cars for girls, dolls for boys and no more pink and blue: for Spain's left-wing government and the toy industry, it's game over for gender stereotypes when it comes to the country's littlest citizens.

The comeback queen of 'Emily in Paris'

To Netflix viewers, she is among the most famous French faces of the moment, appearing in three hits: "Call My Agent", "The Crown" and "Emily in Paris", which returns for a third season on Wednesday.

Asian markets track US losses on recession worries

Asian markets fell on Monday as traders weighed the prospect of a global recession caused by central bank moves to fight inflation.

Dutch expected to apologise for 250 years of slavery

The Netherlands looks set Monday to finally embark on a path leading to a formal apology for its tainted 250-year history of slavery.

'Avatar' sequel dominates N.America movie screens

Sci-fi epic "Avatar: The Way of Water," the long-awaited sequel to James Cameron's 2009 blockbuster, swamped the competition at North American theaters, taking in an estimated $134 million, industry estimates showed Sunday.

Twitter to ban users from promoting rival social platforms

Twitter announced Sunday it would no longer allow users to promote their accounts on a host of social media platforms including Facebook and Instagram -- the latest policy change by the company under its controversial new owner Elon Musk.

Bernard Arnault, emperor of luxury and world's top fortune

Bernard Arnault -- who with his family now tops the wealth of Elon Musk -- gradually built LVMH into a global luxury empire by buying up iconic brands, sealing his reputation as a formidable and insatiable businessman.

Key things to know about legal cannabis in New York

As New York state prepares to open its first legal cannabis stores, possibly before the end of the year, AFP details what you need to know about the new market.

Berliner Tageblatt - Economy (English)