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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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British Airways halts short-haul Heathrow flight sales

British Airways on Tuesday suspended ticket sales for short-haul London Heathrow flights until at least Monday, in order to meet the hub's request to cap flights due to staff shortages.

Uber posts quarterly loss, but revenue exceeds expectations

Uber on Tuesday reported better-than-expected revenue in the second quarter, fueled by strong demand for the San Francisco-based company's ride-hailing and food delivery services.

Nearly 700 migrants crossed Channel on Monday in 2022 record: UK

Almost 700 migrants and asylum seekers crossed the Channel to Britain in a single day this week, a new record for the year, the UK government said Tuesday.

BP profit triples to $9.3 bn on soaring energy prices

British oil giant BP rebounded to second-quarter profit on soaring energy prices, it said Tuesday, after a big loss linked to its Russia exit following Moscow's invasion of Ukraine.

Argentine judge allows some crew of grounded Venezuela plane to depart

An Argentine judge investigating the Iranian and Venezuelan crew of a cargo plane that has been grounded in Buenos Aires since June authorized the departure of 12 of them on Monday, local media reported.

China population to begin shrinking by 2025: officials

China's population will begin to shrink by 2025, officials have said, as family sizes grow smaller and citizens age.

Crackdown seeks to stifle Iran's critical voices

Executions on a scale not seen for years. Mass arrests of regime critics including top film-makers. Trials of foreign nationals denounced as a sham by their families.

Beyonce to remove offensive lyric after disabled community outcry

Beyonce will remove a derogatory term for disabled people from her new song "Heated," a spokesperson said Monday, after its use was condemned as offensive by campaigners.

In Paris, monkeypox vaccination gains steam with volunteer help

Doctor Kevin Huy was vaccinating people in Paris against Covid-19 when he answered a call for volunteers to inoculate against a more recent global outbreak -- monkeypox.

US manufacturing growth slows further in July: survey

The US manufacturing sector continued to grow in July, but the pace was impacted by dimming demand while price increases have slowed dramatically, according to an industry survey released Monday.

Richer childhood friends boost future income, Facebook data shows

An analysis of 21 billion Facebook friendships shows that children from poorer homes are likely to earn more later in life if they grow up in areas where they can become friends with wealthier kids.

Barcelona sell 25% of Barca Studios for 100m euros

Barcelona have sold 25 percent of Barca Studios, which manages the club's digital business and audiovisual productions, to Socios.com for 100 million euros (102.5m dollars), club president Joan Laporta said on Monday.

Koerner seeking to put Credit Suisse on a straight path

Ulrich Koerner took over as Credit Suisse's chief executive on Monday with the mammoth task of revitalising Switzerland's second-biggest bank following a series of scandals.

England rejoices at women's historic Euro 2022 triumph

England's hungover "Lionesses" held a victory party in central London on Monday in front of thousands of jubilant fans after they clinched the country's first major football trophy since 1966.

European equities drift higher after Asian gains

European equities drifted higher Monday after Asian gains, as investors tracked the latest corporate and geopolitical news.

HSBC H1 pre-tax profit falls, dismisses calls for split

HSBC bank on Monday said pre-tax profit fell in the first half, and appeared to rebuff calls to spin off its Asian activities on the eve of a key shareholder meeting.

Bankrupt Sri Lanka seeks urgent help to feed children

Sri Lanka issued an urgent appeal on Monday to tackle rapidly spreading malnutrition among children as its economic crisis leaves nine out of 10 people dependent on state handouts.

Yamashita becomes Japan's first woman pro referee

Yoshimi Yamashita became Japan's first woman professional football referee on Monday and said she was happy to "make a splash" as she prepares to create history at the World Cup.

Japan's top airline ANA reports first net profit in 10 quarters

Japan's biggest airline ANA on Monday posted a quarterly net profit for the first time in two and a half years as the sector recovers from the financial pain of the pandemic.

Asian markets rise as traders weigh rates outlook, China data

Asian markets mostly rose Monday and oil fell as investors brushed off both weak data from China and comments indicating the Federal Reserve is wedded to its anti-inflation rate hike campaign.

HSBC H1 pre-tax profit falls, says to pay quarterly dividends

HSBC on Monday said pre-tax profit fell in the first half of 2022 but it intends to resume quarterly dividends next year as its annual outlook remained positive.

Syria's last traditional boat-makers keep ancient craft afloat

Khaled Bahlawan hammers nails into a traditional wooden boat he built by hand, toiling under the scorching sun on Syria's Mediterranean coast to preserve a disappearing ancient skill.

Alibaba shares extend losses on US delisting fear

Chinese e-commerce giant Alibaba led technology stocks lower in Hong Kong on Monday after US authorities put it on a watchlist that could see it delisted in New York if it does not comply with disclosure orders.

Unit of Chinese property giant Evergrande ordered to pay $1.1 billion

A unit of embattled Chinese developer Evergrande has failed to repay its loans and must pay a guarantor $1.1 billion, the company said in a Hong Kong stock exchange filing.

Asian markets mixed as traders weigh rates outlook, China data

Asian markets were mixed Monday and oil fell as investors assessed data showing further weakness in China's economy and comments from Federal Reserve officials showing it was wedded to its campaign of interest rate hikes to fight inflation.

Russia says drone attack hits Crimea navy HQ

Russia said an attack from a drone Sunday wounded six personnel at the headquarters of its Black Sea fleet in annexed Crimea, as authorities in Ukraine's southern city of Mykolaiv reported it had suffered its "strongest" shelling of the war.

Bin Laden family donated £1m to Prince Charles charity: report

Prince Charles, the heir to the British throne, accepted a £1 million ($1.19 million, 1.21 million euro) donation to his charitable trust from the family of 9/11 mastermind Osama bin Laden, The Sunday Times reported.

Sri Lanka president seeks unity government to save economy

Sri Lanka's new president Ranil Wickremesinghe has formally invited MPs to join an all-party unity government to revive the bankrupt economy by undertaking painful reforms, his office said Sunday.

China's July factory activity weakens on soft demand

China's manufacturing activity logged a surprise drop in July, official data showed Sunday, on the back of weak demand and as strict zero-Covid restrictions continue to cast a pall on growth.

Crypto clients beg for their cash back after lender's crash

An Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back.

Pro-democracy petition garners 500,000 signatures in Brazil

More than half a million people have signed a petition in "defense of democracy" in Brazil in response to President Jair Bolsonaro's attacks on public institutions and the electoral system.

Zelensky urges evacuation of Ukraine's frontline Donetsk

Ukraine's president urged civilians on Saturday to evacuate the frontline Donetsk region, the scene of fierce clashes with the Russian military, as Kyiv called on the Red Cross and UN to gain access to its soldiers being held by Moscow's forces.

Berliner Tageblatt - Economy (English)