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Featured

Memphis AI data center fuels pollution fight in Black neighborhood

The stench of rotten eggs and burning debris fills the air in Boxtown, a predominantly Black neighborhood in Memphis. Just a few miles away, a power plant fuels one of SpaceXAI's data centers, which are popping up all over Tennessee.

Ceuta leader wants migrant detention centre after influx

The leader of Ceuta demanded on Monday the detention and expulsion of the thousands of migrants wandering the Spanish north African territory's streets after last month's mass influx from Morocco.

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Desperation deepens for families of trapped Mexican miners

Saturday's effort to rescue 10 Mexican coal miners trapped in a flooded deposit for four days ended with little progress, relatives said, with hopes of reaching any survivors dwindling.

Tonnes of fruit stranded in EU, S.Africa battle of oranges

Millions of boxes of oranges are spoiling in containers stranded at European ports as South Africa and the European Union lock horns in a dispute over import rules, citrus growers have said.

Flight tracking exposure irks billionaires and baddies

How to upset Russian freight companies, Elon Musk, Chinese authorities and Kylie Jenner in one go? Track their jets.

Holiday rush drives demand at Europe's busiest fuel station

The first Saturday in August, when Europe's July holidaymakers head homewards and its August sunseekers head south, is the busiest day of the year at the continent's busiest filling station.

'Decisive day' for trapped Mexican miners

A major operation to rescue 10 trapped Mexican coal miners was approaching a crucial moment on Saturday, President Andres Manuel Lopez Obrador said, raising the hopes of desperate relatives.

Cuba seeks help to contain depot fire that has injured dozens

Cuba asked for help Saturday to contain a massive fire at a fuel depot, sparked overnight by a lightning strike that left 77 people injured and 17 firefighters missing.

'Decisive day' for trapped Mexican miners, president says

A major operation to rescue 10 workers trapped in a flooded coal mine in northern Mexico was approaching a crucial moment on Saturday, President Andres Manuel Lopez Obrador said.

Pfizer in talks on $5 billion acquisition: media

American drugmaker Pfizer is close to a deal to purchase Global Blood Therapeutics, which manufactures a recently approved drug against sickle-cell anemia, for $5 billion, the Wall Street Journal has reported.

Austria in shock over doctor's suicide following anti-vax abuse

Austrians expressed shock and anger this week over the suicide of doctor who had been the target of a torrent of abuse and threats from anti-vaccination protesters.

Elon Musk accuses Twitter of fraud in buyout deal: court filing

Elon Musk has accused Twitter of fraud, alleging the social media platform misled him about key aspects of its business before he agreed to a $44 billion buyout, as their court battle heats up.

Canada to ban handgun imports: minister

Canada announced Friday it will ban the import of handguns beginning on August 19, as part of a wider proposed freeze in the wake of high-profile mass shootings in the United States.

UK's busiest container port set for 8-day strike

Workers at the UK's largest container port will hold an eight-day strike at the end of August, union bosses said Friday, in the country's latest industrial action over pay amid spiralling inflation.

US job growth surges by half a million in July, wages rise

US employment made a surprise recovery to pre-pandemic levels in July, news that was welcomed by President Joe Biden ahead of key midterm elections -- but which fuels concerns over sky-high inflation.

More grain leaves Ukraine ahead of high-stakes summit on Russian invasion

Three ships loaded with grain set sail from Ukraine on Friday under a landmark deal to free up shipments brokered by Turkey, as its leader prepared to meet his Russian counterpart for talks on Moscow's invasion of its neighbour.

European stocks slip on stagflation fear, before US data

European stock markets slid Friday after the Bank of England's gloomy recession warning raised the spectre of stagflation, and as investors awaited critical US payrolls data, dealers said.

Where's Boris? UK's PM on leave as economic crisis deepens

A senior British minister admitted Friday "I don't know where Boris is" as the premier checked out on holiday, in a week that saw the Bank of England warn a year-long recession is coming.

Asian markets up after oil drop, eyes on Taiwan and US jobs

Asian equities mostly rose Friday as a drop in oil prices to pre-Ukraine war levels stirred hopes of a slowdown in inflation and central bank interest rate hikes, while focus turns to key US jobs data later in the day.

India hikes interest rates to pre-pandemic level

India's central bank on Friday hiked interest rates for the third time in four months, as Asia's third-largest economy contends with a widening trade deficit and weakening currency.

China Evergrande to get $818 mn for scrapping stadium deal

Embattled Chinese property giant Evergrande has cancelled a contract to build a football stadium in a southern city in return for 5.52 billion yuan ($818 million), it said in a filing.

Families of trapped Mexican miners pray for miracle

Dozens of rescuers battled Thursday to free 10 workers trapped in a flooded coal mine in northern Mexico, where desperate relatives waited for news more than 24 hours after a cave-in.

Twitter says Musk making up excuses to breach deal

Twitter on Thursday said the notion Elon Musk was "hoodwinked" into inking a $44 billion buyout deal defies reason and the facts.

Facebook's Meta takes on bond debt, in a first

Facebook-owner Meta is ending a run as one of the few major firms without debt, launching its first bond sale as the company battles uncertainty and bets heavily on its metaverse vision.

Stocks mixed as markets digest BoE rate hike, recession forecast

European stocks pushed slightly higher on Thursday as the Bank of England delivered its biggest interest rate hike in 27 years, while Wall Street equities were mixed ahead of key US jobs data.

Apple accused of mishandling sex misconduct complaints: report

Over a dozen women accused Apple of mishandling sexual misconduct claims they lodged while working for the iPhone maker, according to a Financial Times report out Thursday.

Turkey says three grain shipments to leave Ukraine Friday

Three more ships filled with grain will sail from Ukraine on Friday under a UN-backed deal lifting Russia's blockade of the Black Sea, Turkey's defence minister said.

Russian disinformation operation paid for pro-Ukraine war posts: Meta

A Russian outfit hired people off the street and paid them to post online comments intended to give the impression of grassroots support for Moscow's invasion of Ukraine, Facebook owner Meta said Thursday.

Mexico races to rescue 10 trapped coal miners

Rescuers raced Thursday to free 10 workers trapped in a coal mine after a cave-in in northern Mexico, where desperate relatives spent a sleepless night waiting for news.

European stocks rise as BoE unleashes big rate hike

European stocks rose Thursday as the Bank of England delivered its biggest interest rate hike in 27 years and traders tracked Chinese military drills around Taiwan.

US exports hit new record in June, lowering trade deficit

American exports set another record in June, narrowing the US trade gap for the third consecutive month, according to official data Thursday.

BoE forecasts recession as inflation soars, unveils big rate hike

Britain will sink into a lengthy recession later this year as inflation rockets even higher, the Bank of England forecast Thursday as it unveiled the biggest interest rate hike since 1995.

Alibaba quarterly revenue flat for first time ever in June

Chinese e-commerce giant Alibaba reported flat revenue growth on Thursday for the first time ever, as the country grappled with an economic slowdown and Covid-19 resurgences kept consumers jittery.

Bank of England delivers biggest rate hike in 27 years

The Bank of England unleashed Thursday its biggest interest rate hike since 1995 as it forecast inflation topping 13 percent this year and warned of a looming year-long recession.

Berliner Tageblatt - Economy (English)