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Stocks steady as US inflation worries ease, oil slips

Stock markets were mixed in thin summer trading Thursday, handing back earlier gains after investors welcomed further signs of easing US inflation that lessened the prospect of higher interest rates for the world's biggest economy.

Survivors tell of horror of Zimbabwe ferry sinking as death toll hits 46

A man who survived a ferry disaster that claimed at least 46 lives on Zimbabwe's Lake Kariba told AFP Thursday how he watched helplessly as people tried to save themselves, with his best friend and seven of his relatives among the dead.

Last news

China economy accelerates in Q1 but virus stalks outlook

China's economic growth accelerated in the first quarter of the year to 4.8 percent, official data showed Monday, but the government warned of "significant challenges" ahead while massive Covid-19 lockdowns started to bite.

Sri Lanka fuel prices up ahead of IMF talks

A key fuel retailer in Sri Lanka raised prices by up to 35 percent on Monday as the cash-strapped government was set to open crucial bailout talks with the International Monetary Fund.

Asian markets slide, China growth behind target

Asian stocks opened lower on Monday in cautious trade, as China posted higher-than-expected economic growth but officials still warned of "significant challenges ahead".

UK archbishop raises 'ethical questions' on Rwanda migrants plan

The Church of England's most senior cleric, Justin Welby, on Sunday criticised the British government's plans to send asylum-seekers to Rwanda to process their claims.

'Fantastic Beasts' tops N.America box office

"Fantastic Beasts: The Secrets of Dumbledore" had a slightly less than fantastic North American opening this weekend, at least by Wizarding World standards, taking in an estimated $43 million, industry watcher Exhibitor Relations reported Sunday.

Divers find 'no leaks' from fuel-laden ship sunk off Tunisia

Divers who inspected the hull of a tanker loaded with 750 tonnes of fuel that sank off southeast Tunisia detected no leaks on Sunday, officials said.

Shock on the streets as Kharkiv wracked by fresh blasts

Swaying stunned in the street, Svitlana Pelelygina surveys the wreck of her apartment building smouldering from the latest salvo of blasts to rain down on Ukraine's second city of Kharkiv.

Tunisian weavers turn rags into eco-friendly rugs

Najet unravels an old pair of jeans, raw material for a designer carpet: traditional, eco-friendly crafts are being adapted for new markets thanks to a project born in the Tunisian desert.

The male model testing gender norms in a changing Saudi Arabia

With his hot pink hair extensions and leopard print pantsuit, model Ziad al-Mesfer was bound to turn heads during his recent public photo shoot in deeply conservative Saudi Arabia.

US judge deemed controversial Musk tweet on Tesla 'false': investors

A 2018 tweet posted by Elon Musk in which he claimed to have secured the funding to take Tesla private was deemed "false and misleading" by a judge, according to documents filed by investors suing his electric car company.

Young conservatives target 'wokeism' on US campuses

Back in high school, Jack used to be picked on for his politics. Now, as a college student, he is banding together with like-minded conservatives to fight back against what they see as the tyranny of "wokeism."

Volunteer kitchen gutted by strike on east Ukraine city

In the aftermath of Saturday's strike on Ukraine's second city of Kharkiv the scent of yeast hangs in the air.

Climate activists disrupt traffic in London, Paris

Several hundred activists from the Extinction Rebellion activist group on Saturday blocked major roads in central Paris and London, disrupting traffic to protest "inaction" on climate change from world leaders.

Crisis-hit Sri Lanka halts share trading as protests spiral

Sri Lanka on Saturday announced a five-day share trading halt after the crisis-hit country hiked interest rates and declared a default on its external debt during the traditional New Year holiday, as trade unions and top cricket stars joined protests demanding the president's resignation.

Sri Lanka declares 5-day share trading halt over crisis

The Colombo Stock Exchange on Saturday announced a five-day trading halt after crisis-hit Sri Lanka hiked interest rates and declared a default on its external debt during the traditional New Year holiday.

China's 'space dream': A Long March to the Moon and beyond

The return to Earth of three astronauts on Saturday after six months at China's new space station marks a landmark step in the country's space ambitions, ending its longest crewed mission ever.

China's economic growth under threat as virus takes hold

The mounting cost of China's zero-Covid policy threatens to derail Beijing's ambitious GDP target, analysts say, as supply chains snarl, ports face delays and Shanghai remains mired in lockdown.

Three months after oil spill, Peru fishermen remain without work

Three months after an oil spill that polluted beaches and killed wildlife in Peru, hundreds of fishermen remain out of work as Easter approaches.

Twitter adopts 'poison pill' defense against Musk buyout bid

Twitter moved Friday to defend itself against Elon Musk's $43 billion hostile takeover bid, announcing a plan that would allow shareholders to purchase additional stock.

Russian regulator says French radio RFI's website blocked

Russia's media watchdog Roskomnadzor on Friday blocked access to the website of French radio station RFI for violating a law banning the dissemination of false or extremist information.

Bankrupt Sri Lanka rations fuel as crisis worsens

Cash-strapped Sri Lanka imposed fuel rationing on Friday in another worsening of the economic crisis that has sparked widespread demonstrations calling for President Gotabaya Rajapaksa's resignation.

Shanghai lockdowns threaten China's auto output while port congestion worsens

Chinese automakers warned they may have to put the brakes on production if Covid-19 lockdowns in Shanghai persist, with a top Huawei executive also sounding the alarm Friday about snarled supply chains.

Philippines' Duterte blocks bill to register social media users

Philippine President Rodrigo Duterte has rejected a proposed law requiring social media users to register their real names and phone numbers, citing threats to free speech and privacy, his spokesman said Friday.

Uber suspends services in Tanzania over new fare rules

US ride-hailing giant Uber has suspended its services in Tanzania, saying government legislation that raises fares and cuts its commission made it difficult for it to operate.

Shanghai lockdowns threaten China auto production

Chinese auto makers warned they may have to put the brakes on production if strict Covid-19 curbs in Shanghai persist, with a top Huawei executive also sounding the alarm Friday about snarled supply chains.

Web of support for Ukrainian refugees in Romania

Eyes glued to her two screens, Romanian Olivia Vereha works tirelessly to make sure an essential website for Ukrainian refugees runs smoothly.

Asian markets drop after Wall Street retreat

Asian markets dipped in early trade Friday after a negative lead from Wall Street, with investors around the world worried about surging inflation.

'Terrified': Musk Twitter buyout bid rattles tech world

Elon Musk's shock offer to buy Twitter drew immediate fears Thursday – and some cheers – over putting the platform in the hands of a mercurial billionaire who advocates fewer limits on what people can post.

Haulage strike paralyzes Argentina's farming exports

A four-day-old strike by Argentine grain transporters, demanding higher freight rates in the face of rising diesel prices due to war in Ukraine, has paralyzed farming exports, industry sources said Thursday.

Germany seizes world's largest yacht owned by Russian oligarch

Germany has officially confiscated the world's largest superyacht owned by Russian oligarch Alisher Usmanov, as part of sanctions against Moscow following the outbreak of war in Ukraine, police sources said Thursday.

Musk says 'not sure' his Twitter buyout bid will succeed

Tesla chief Elon Musk said Thursday he's not sure his $43 billion bid to buy Twitter will succeed, but asserted he has a "plan B" in case of failure.

US banks see upheaval from Fed shift, Russia challenging economy

Large US banks released a mixed deluge of earnings Thursday, pointing to the continued strength of US households and businesses while warning of rising risks from inflation, geopolitical upheaval and fast-changing monetary policy.

Berliner Tageblatt - Economy (English)