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Featured

Trump confirms national intelligence chief as new AI czar

US President Donald Trump on Sunday confirmed national intelligence chief Jay Clayton as head of a new White House task force on artificial intelligence, amid increasingly vocal warnings from researchers about the technology's potential dangers.

Pro-Europe Latvian PM wins poll dominated by Russia, social worries

Prime Minister Andris Kulbergs' centre-right party emerged as the victor on Sunday from Latvia's parliamentary election, and he will now set about forming a coalition to maintain his pro-European and pro-Ukrainian course.

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US firms fret about high prices, wages but see signs of easing: Fed

Solid growth continued across the United States, even as firms faced an ongoing struggle with a worker shortage and rising prices, although there were some tentative signs the tide may be turning, the Federal Reserve said Wednesday.

Canadian 'Instapoet' Rupi Kaur tackles censors -- on and offline

From a run-in with Instagram over a picture of menstrual blood, to a push to ban her books from American schools -- Canadian poet Rupi Kaur has knocked heads with would-be censors since bursting onto the global literary scene.

Racists trolls are not real 'Star Wars' fans: Ewan McGregor

Ewan McGregor hit back Wednesday at people targeting fellow "Star Wars" actor Moses Ingram with racist abuse, saying they are not true fans.

EU says Croatia ready to adopt euro in 2023

The European Commission said Wednesday that Croatia had met all the criteria to join the eurozone, paving the way for the country to become the single currency's 20th member on January 1.

Russia seeks to 'minimise' effects of EU oil ban, gas exports down

Russia said Wednesday it was moving to limit the damage from an EU oil ban as its other key energy export, gas, has fallen after President Vladimir Putin sent troops to Ukraine.

Women's matches less appealing than men's at French Open, says Mauresmo

French Open tournament director Amelie Mauresmo said Wednesday that women's matches had less appeal than men's at Roland Garros, an opinion dismissed as "surprising and disappointing" by world number one Iga Swiatek.

Jubilee boost then brake predicted for UK economy

Queen Elizabeth II's Platinum Jubilee should provide a boost to Britain's beleaguered retail and tourism sectors, but could also then slow the stuttering economy, analysts said on Wednesday.

Women's matches less appealing at French Open, says Mauresmo

Former world number one and two-time Grand Slam title winner Amelie Mauresmo said Wednesday that women's matches had less appeal at the French Open when it came to controversial night session scheduling.

US, Taiwan launch trade talks in challenge to China

The United States and Taiwan launched talks on Wednesday aimed at deepening their trade ties, in a clear challenge to Beijing.

Markets waver on inflation worry; oil rebounds from losses

Asian and European stock markets wavered on Wednesday, as traders digested Wall Street losses and data showing that runaway inflation shows no sign of easing.

Danes begin voting on joining EU's common defence policy

Traditionally eurosceptic Denmark began voting Wednesday in a referendum on whether to overturn its opt-out on the EU's common defence policy after Russia's invasion of Ukraine.

US investment fund RedBird to buy Serie A champions AC Milan

AC Milan said Wednesday that its current owners, investment fund Elliott Management, have agreed to sell the newly-crowned Italian A champions to rival fund RedBird for 1.2 billion euros ($1.3 billion).

Asian markets mixed on inflation worry, oil bounces after drop

Asian markets fluctuated Wednesday following losses on Wall Street and data reminding traders that inflation shows no sign of easing.

Singaporeans in a flap at Malaysian chicken export curbs

Long queues at stalls selling a popular chicken dish, increasing prices and warnings about supply disruptions -- Singaporeans are in a flap due to curbs on poultry exports from neighbouring Malaysia.

Asian markets mixed on inflation worry, oil edges up after drop

Asian markets fluctuated Wednesday following losses on Wall Street and data reminding traders that inflation shows no sign of easing.

Morocco economic rebound threatened by drought, Ukraine war

A withering drought and poor harvests plus price hikes fuelled by the war in Ukraine are threatening Morocco's fragile economic recovery and exposing structural weaknesses, experts say.

Venezuela's stuffed toy 'hospital' brings joy to kids

Judith, a 90-year-old great-grandmother in Venezuela, examines a stuffed animal meticulously in her hands before finding a hole.

Texas law against blocking online posts on hold for now

The US Supreme Court on Tuesday put back on hold a controversial Texas law barring social media platforms from "censoring" posts based on viewpoints.

Workers recall rape, beatings at VW Brazil unit: prosecutor

Victims forced to work in slave-like conditions at a Brazilian property owned by Volkswagen during the country's dictatorship recount "grave and systematic" abuses, including rapes, beatings and being tied to trees, a prosecutor said Tuesday.

Global chip shortage likely to last through 2023: US official

The global shortage of critical semiconductors is likely to last at least through next year and perhaps longer, US Commerce Secretary Gina Raimondo warned on Tuesday.

Spain partially reopens enclaves to Moroccan workers

Spain opened the borders of its North African enclaves Ceuta and Melilla to Moroccan workers on Tuesday, two years after their closure and following the resolution of a drawn-out diplomatic crisis.

US consumer confidence deteriorated in May: survey

Americans' feelings about the economy deteriorated in May amid concerns about job prospects, but remained relatively strong even as high inflation bites, according to a survey released Tuesday.

Biden, Fed chair discuss US inflation at White House

President Joe Biden on Tuesday holds a rare White House meeting with the head of the Federal Reserve, Jerome Powell, to discuss soaring inflation and White House attempts to tame the politically damaging price surge ahead of midterm elections.

India growth slows on inflation, higher oil prices

India's growth slowed further in the first three months of 2022, the National Statistics Office said Tuesday, with inflation and higher oil prices denting a post-pandemic recovery.

Eurozone stocks sink as inflation accelerates to record high

Eurozone equity markets sank Tuesday on news that the region's inflation rate has spiked to another record high in May on fallout from Russia's invasion of Ukraine.

Eurozone inflation soars to new record over Ukraine war

Eurozone inflation accelerated to another record high in May, data showed Tuesday, as the war in Ukraine stoked energy and food prices and threatened to flatline the economy.

Shanghai prepares to lift more Covid curbs after lengthy lockdown

Shanghai authorities said Tuesday they will lift more restrictions in steps to return the Covid-hit city to normality, after two months of heavy-handed restrictions that throttled businesses and locked down residents.

French ex-chambermaid runs for MP after labour battle

Former chambermaid Rachel Keke took on her employers and won a gruelling battle for better working conditions in the Paris hotel where she cleaned. Now she's running to be an MP.

French economy shrinks as inflation dents confidence

France's economy contracted in the first quarter under the impact of soaring inflation, data showed Tuesday, increasing the risks for President Emmanuel Macron in key parliament elections less than two weeks away.

Markets mixed as inflation, rate worries temper rally

Stock markets were mixed Tuesday as investors battled to maintain a global rally, with inflation still niggling over a pick-up in oil prices while a top Fed official pressed for a series of sharp rate hikes.

Israel signs UAE free trade deal, its first in Arab world

Israel signed a free trade deal with the United Arab Emirates on Tuesday, its first with an Arab country, building on their US-brokered normalisation of relations in 2020.

Asian markets mixed as inflation, rate worries temper rally

Asian markets were mixed Tuesday as investors battled to maintain a global rally, with inflation continuing to niggle owing to a pick-up in oil prices while a top Federal Reserve official pressed for a series of sharp interest rate hikes.

Berliner Tageblatt - Economy (English)