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Oil prices higher, stocks mixed ahead of inflation report

Oil prices bounced around before finishing higher Tuesday while global stocks were mixed as markets awaited a key inflation report expected to influence upcoming monetary policy decisions.

California calls Paramount's threat to leave state 'blackmail'

California accused Paramount of "blackmail" on Tuesday over a reported threat to pull the company out of the state because of lawsuits aimed at stopping its mega-merger with Warner Bros.

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British pound rallies on Johnson resignation, global stocks gain

The British pound rallied Thursday on British Prime Minister Boris Johnson's resignation as leader of the Conservative party, while Wall Street indices advanced for a fourth straight session.

Canada posts largest trade surplus in 14 years

Canada posted in May its largest trade surplus since 2008, riding a surge in oil prices as Western nations imposed energy sanctions on Russia, the government statistical agency said Thursday.

Elizabeth Holmes ex-boyfriend convicted of Theranos fraud

A top aide and ex-boyfriend of fallen Theranos founder Elizabeth Holmes was convicted on Thursday of defrauding investors and patients at the failed blood testing startup.

Russia grinds towards Sloviansk, Putin says bigger offensive may come

Russian forces left a trail of destruction Thursday while seeking to push deeper into the eastern Donbas region, as the Kremlin warned its campaign had not yet started in earnest.

British Airways says Heathrow strike off

A strike by British Airways staff at London Heathrow Airport this summer has been called off after an improved pay offer, trade unions said Thursday.

Volkswagen takes on US, China rivals with battery factory

Volkswagen celebrated Thursday the beginning of work on its first in-house battery factory, as the German auto giant looks to head off competition from US and Chinese electric vehicle upstarts.

Deadly strikes rock east Ukraine as Russia grinds towards Sloviansk

Russian forces left a trail of destruction Thursday as they sought to push deeper into the eastern Donbas region, as Kyiv thanked outgoing British leader Boris Johnson for his support.

Foreigners flock back to Spain bull-running fiesta

As soon as Peter Millington heard that Spain's San Fermin fiesta would be held again this year after a two-year absence due to the pandemic, he started making travel arrangements.

Russia occupies 22% of Ukraine farmland: NASA

Russian forces now occupy about 22 percent of Ukraine's farmland since the February 24 invasion, impacting one of the major suppliers to global grain and edible oils markets, NASA said Thursday.

Piffle: Boris Johnson in his own words

Boris Johnson forged a high-profile career as a journalist before going into politics, rising to become British prime minister, never losing his flair for controversy in print and speech.

Stocks enjoy bounce, sterling and FTSE up as Johnson to resign

Equities rose Thursday following a recent sharp drop, though recession fears continue to cast a shadow over markets with the euro stuck around 20-year lows and crude struggling to bounce back from this week's hefty selling.

Stocks rise but recession fears linger as euro, crude struggle

Euro and crude struggle, stocks rise but recession fears linger

Crude extended the week's losses Thursday, while the euro struggled to recover from 20-year lows, and while stocks bounced from early losses recession fears continued to cast a pall across trading floors.

Sri Lanka hikes interest rates, warns trouble ahead

Cash-strapped Sri Lanka raised interest rates one percentage point Friday, the second sharp hike in three months, as the central bank warned of 80 percent inflation and a painful recession.

Tunisian street vendor serves success despite bureaucracy

Tunisian street vendors often complain of official harassment, but one sandwich maker-turned-social-media-star hopes his struggles against bureaucracy will motivate young entrepreneurs.

'Scary to be queer': Lebanon cracks down on LGBTQ rights

Lebanon's LGBTQ community, long among the most vocal and visible in the Middle East, has been targeted by a crackdown that has seen queer activists harassed and Pride gatherings cancelled.

US women prepare for what comes after abortion ruling

The US Supreme Court ruling that overturned the nationwide right to abortion has spurred a rush to prepare for an America where the procedure is banned in many states.

Samsung Electronics forecasts 11.4% rise in 2Q profits

Samsung Electronics expects operating profits in the second quarter to rise 11.4 percent, the South Korean tech giant said in a statement Thursday, despite ongoing global supply chain woes.

Apple devices getting beefed-up defense against spyware

Apple on Wednesday unveiled a new way for activists, journalists and other targets of state-sponsored espionage to protect themselves from spyware.

In eastern Ukraine, frontline cobbler fixes soldier boots for free

Sitting at his old sewing machine, Ukrainian cobbler Sergiy Kurchigin waits for customers in one of just a few businesses still open this close to the frontline.

Fed flags risk US inflation could become entrenched: minutes

US central bankers last month flagged the concern that sky-high inflation could become persistent and reiterated their willingness to continue raising interest rates to tamp down price pressures, according to the minutes of the latest policy meeting released Wednesday.

Spain eyes vibrant summer after 'dazzling' visitor surge

Spain said Wednesday it was hoping to reach its record visitor numbers of 2019 after two years of pandemic restrictions, although soaring inflation figures suggest tough times will return after the season ends.

Indigenous Australian activists fight for ancient rock art

Two Indigenous Australian activists are fighting to save 40,000-year-old sacred rock art in Western Australia from pollution and plans for a major gas project.

Long winter: South Africans struggle with rolling blackouts

Unable to switch on lights or heaters, cook dinner or charge their phones, South Africans are spending their mid-winter evenings plunged in darkness and low-tech living.

OPEC head Barkindo dies at 63 in 'shock' to oil cartel

OPEC's secretary general, Nigeria's Mohammad Barkindo, has died at the age of 63, leaving the oil cartel in "shock" on Wednesday at a tumultuous time for the markets.

Amazon, Just Eat deal to offer free Grubhub delivery in US

Amazon Prime customers in the United States will be able to receive a year of free restaurant delivery through Grubhub+ under a deal announced Wednesday by Just Eat Takeaway.com.

Tunisia's 'Roger Federer': How Ons Jabeur became a tennis star

Fifteen years ago, Ons Jabeur's young tennis sparring partner could see the Tunisian was destined for glory -- even if he suffered a broken arm in the process.

Fuel prices soar in Ethiopia as subsidies cut

Fuel prices soared in Ethiopia on Wednesday after the government reduced subsidies, adding to economic hardship for people already struggling with high inflation.

European stocks rebound, euro extends dollar slump

European stock markets rebounded on Wednesday, recovering some ground following sharp losses the previous session on fears of a global recession.

OPEC secretary general Barkindo dies unexpectedly at 63

OPEC Secretary General, Nigeria's Mohammad Barkindo, has died unexpectedly at the age of 63, it was announced on Wednesday, leaving the oil cartel without a head at a tumultuous time for the markets.

Oil rises after sell-off but euro stuck at 20-year low, equities drop

Oil prices rose Wednesday after suffering a painful drop the previous day, though the euro remained wedged at a 20-year low and equities mostly fell in Asia as recession fears continue to flow through trading floors.

'Like a dream': Japanese grandpa draws in following as art YouTuber

Harumichi Shibasaki was nearly 70 when he began making YouTube art tutorials from his quiet home in the Japanese countryside. Five years on, he has 1.4 million subscribers.

Berliner Tageblatt - Economy (English)