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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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Hong Kong billionaire Li Ka-shing's firm to sell stake in fintech upstart

Hong Kong billionaire Li Ka-shing's firm is selling its stake in the parent company of fintech upstart AMTD Digital, according to a statement released Thursday, after the company enjoyed a massive rally this week.

European stocks mainly rise, London down as rate hike looms

European stocks mostly rose Thursday but London fell before an expected interest rate hike from the Bank of England, while traders tracked Chinese military drills around Taiwan.

Iran nuclear talks set to restart in Vienna

Negotiators were due to kick off a fresh round of talks over Iran's nuclear programme in Vienna on Thursday, seeking to salvage the agreement on Tehran's atomic ambitions.

Campaigners bring 'obstetric violence' out of shadows

When a United Nations committee ruled Nahia Alkorta had suffered obstetric violence during the birth of her first child, it was the culmination of a 10-year quest for justice.

Toyota upgrades forecast even as Q1 net profit slumps

Toyota upgraded its annual net profit forecast on Thursday, predicting an earnings boost from the weaker yen even after first-quarter net profit took a hit from pandemic-related supply chain issues.

Chrissy Teigen, John Legend announce pregnancy two years after miscarriage

Model Chrissy Teigen and her award-winning singer husband John Legend said Wednesday that the couple is expecting another child, nearly two years after announcing her miscarriage.

China's Taiwan war games threaten more global supply chain disruption

Chinese military exercises around Taiwan are set to disrupt one of the world's busiest shipping zones, analysts told AFP, highlighting the island's critical position in already stretched global supply chains.

Mexico races to rescue trapped coal miners

Rescuers battled Wednesday to free about 10 workers believed to be trapped in a coal mine in northern Mexico, while three others were found alive, authorities said.

Asian markets rally on healthy US data, post-Pelosi relief

Asian markets on Thursday tracked a Wall Street rally fuelled by healthy economic and earnings data, while there was some relief that Nancy Pelosi's Taiwan trip did not elicit a harsher response from China despite grave warnings from Beijing.

Inflation-fighting BoE poised to unleash big rate hike

The Bank of England is expected Thursday to follow other major central banks with an aggressive interest rate hike to tackle surging inflation.

Argentina economy minister vows to respect IMF deficit deal

Argentina's new economic "super minister" pledged on Wednesday to respect the crisis-wracked country's commitment with the IMF to reduce its public deficit to 2.5 percent this year.

Brazil hikes interest rate, signals may tighten further

Brazil's central bank raised its benchmark interest rate for the 12th straight time Wednesday, citing an "adverse and volatile" global economy, and indicated its tightening cycle, one of the world's most aggressive, may not be over.

A real treat: Canadian candy company seeks professional taster

The chance to earn an annual salary of Can$100,000 (US$78,000) by tasting more than 3,500 candies, all from the comfort of your couch, sounds like a pretty sweet deal.

Airbus scraps A350 contract with Qatar Airways in feud

European aircraft maker Airbus has cancelled its contract to deliver 19 A350 planes to Qatar Airways, a source close to the matter said Wednesday, amid a feud between the two aviation giants.

Gazprom says gas turbine delivery to Russia 'impossible' due to sanctions

Russian energy giant Gazprom said Wednesday that delivery of a turbine needed to keep gas flowing to Europe via the Nord Stream 1 pipeline was "impossible" due to sanctions on Moscow.

UN chief slams 'excessive' profits of oil, gas firms amid Ukraine war

UN Secretary-General Antonio Guterres on Wednesday accused oil and gas companies of making "excessive" profits from the energy crisis sparked by the war in Ukraine, calling it "immoral."

Monkeypox vaccine availability and effectiveness

A smallpox vaccine shown to protect against monkeypox has come under huge global demand, leading health authorities to warn against repeating the unequal distribution seen during the Covid pandemic.

Stock markets rise after Pelosi's Taiwan trip

Global stocks mostly rose on Wednesday as investor concerns over US-China tensions eased following House Speaker Nancy Pelosi's trip to Taiwan.

OPEC+ agrees small oil output rise despite Biden plea

The OPEC+ oil cartel agreed to a small increase in production Wednesday, likely disappointing US President Joe Biden who lobbied for a big hike to tame soaring energy prices on a recent trip to Saudi Arabia.

Turkish inflation stabilises at under 80% in boost to Erdogan

Turkey's annual inflation rate stabilised in July at just under 80 percent, official data showed on Wednesday, helping support President Recep Tayyip Erdogan's pledges that runaway price increases would soon stop.

Scholz opens door to extend nuclear as Russia squeezes gas supply

German Chancellor Olaf Scholz on Wednesday raised the possibility of keeping nuclear plants going as he accused Russia of blocking the delivery of a key turbine to throttle gas supplies to Europe.

Satellite firm bars Russia's NTV Mir over Ukraine Nazi slurs

French satellite company Eutelsat on Wednesday halted European broadcasts of Russian channel NTV Mir after regulators flagged content it had aired comparing Ukrainians to Nazis.

Make stoves, not war: Ukrainian blacksmith helps troops

He'd hardly know a Beretta from a Bazooka, but Anton Zaika can sure find his way around a blacksmith's forge -- and he is helping Ukraine's war effort in his own unique way.

OPEC+ meets after Biden push to hike oil output

The OPEC+ group of major oil exporters meets Wednesday to discuss its output strategy after US President Joe Biden lobbied Saudi Arabia to boost production to tame soaring prices.

Sri Lanka faces 'great danger' as crisis drags

Sri Lanka faces a "great danger" with fuel shortages sparked by its unprecedented economic crisis set to continue at least till the year's end, President Ranil Wickremesinghe warned Wednesday.

Solar electric tricycles give Zimbabwean women a lift

For years, selling eggs was a joyless business for Danai Bvochora, as most of the money she made went to cover minibus fares to the market in a rural area of Zimbabwe.

Percent of Americans without health coverage hits new low

The proportion of the US population with no health insurance in the United States reached a new low in early 2022 at eight percent, President Joe Biden's administration said Tuesday.

US loan delinquencies creep up amid high debt loads: report

US households have continued to take on more debt, in part to deal with soaring prices, a report showed Tuesday, while cases of borrowers unable to pay loans are creeping up in a troubling sign of things to come.

New Liga sponsors EA Sports to 'revolutionise' Spanish football

US video games giant Electronic Arts will replace Spanish bank Santander as the title sponsor of La Liga from summer 2023, the league announced on Tuesday.

Caterpillar profits rise but says supply chain still messy

Strong industrial demand in most leading markets lifted Caterpillar's results in the latest quarter, but the US heavy equipment maker said Tuesday it faced persistent supply chain problems.

Uber reports loss, but beats income expectations

Uber reported better-than-expected revenue on Tuesday, fueled by strong demand for the San Francisco-based company's ride-hailing and food delivery services that sent its shares upward.

Ferrari lifts annual target after record orders

Luxury Italian carmaker Ferrari raised its financial targets for the year on Tuesday after reporting record orders in the second quarter.

Berliner Tageblatt - Economy (English)