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Samsung expects 1,800% operating profit leap on AI boom

South Korean technology giant Samsung Electronics forecast Tuesday a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.

Seoul dives on mixed day in Asia as Samsung fails to ease tech woes

Seoul once again led losses on a mixed day in Asian stocks Tuesday as chip giant Samsung tumbled despite an eye-watering rise in profit, stoking fears that the record-breaking, AI-fuelled rally may have reached the end of the road.

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EU lawmakers call to make it easier to suspend shopping platforms like Shein

EU lawmakers on Wednesday called to make it easier to suspend e-commerce platforms, following outrage in France over the sale of childlike sex dolls on Shein, and demanded better policing of such websites.

Richard Branson 'heartbroken' as his wife dies aged 80

British entrepreneur Richard Branson paid tribute Wednesday to his wife Joan Templeman shortly after announcing her death, saying "life will never be the same without her".

ECB warns on stretched AI valuations and sovereign debt risks

Heightened market exuberance around artificial intelligence and eye-popping levels of government debt could pose risks to eurozone financial stability, the European Central Bank warned Wednesday.

IMF urges Germany to enact 'pro-growth' reforms

The International Monetary Fund said Wednesday that Germany's public spending ramp-up must be accompanied by "pro-growth" reforms to ensure Europe's beleaguered top economy makes a sustained recovery.

Stocks extend global rally as data boost rate cut hopes

Asia and Europe extended a global equities rally Wednesday after another round of tepid US data reinforced expectations that the Federal Reserve will cut interest rates again next month.

'Forgotten' women demand justice in Spain breast cancer scandal

Anabel Cano thought cancer had spared her after she underwent a mammogram in the Spanish region of Andalusia. Having now lost a breast to a mastectomy, she feels betrayed.

Beloved sheepskin-sack cheese Bosnia wants to protect

High in the mountain meadows of southern Bosnia, farmer Branka Buha monitors her cows through a GPS signal on her husband's phone.

As Ukraine battles for key city, pro-Russian accounts wage AI war

Fighting for control of Pokrovsk in Ukraine's east is raging on, but in pro-Russian social media circles, Moscow has already won: viral, AI-generated videos depict a Ukrainian army in retreat, complete with fake, tearful soldiers.

Pele's brand acquired by family business of Neymar Jr.

Iconic footballer Pele's brand came under the ownership of another prominent Brazilian athlete, Neymar Santos Jr., after the company owned by his father said Tuesday it had bought the rights to use it.

Asian stocks extend global rally as data boost rate cut hopes

Asia extended a global equities rally Wednesday after another round of tepid US data reinforced expectations that the Federal Reserve will cut interest rates again next month.

Trump sends Witkoff to Moscow in hopes of finalizing Ukraine deal

Donald Trump said Tuesday he is sending his envoy Steve Witkoff to meet with Russian leader Vladimir Putin in Moscow next week as the US president seeks to close out a deal to end the war in Ukraine.

Trump sends Witkoff to Moscow in hopes of finalisation Ukraine deal

Donald Trump said Tuesday he is sending his envoy Steve Witkoff to meet with Russian leader Vladimir Putin in Moscow as the US president seeks to close out a deal to end the war in Ukraine.

Unknown Renoir painting sells for 1.8 million euros at auction

A previously unknown work by French impressionist painter Auguste Renoir of his toddler son Jean sold for 1.8 million euros ($2.08 million) at a Paris auction on Tuesday, the Drouot auction house told AFP.

EU, Africa pledge to boost trade, tackle migration at summit

European and African leaders committed to strengthening trade and better tackling irregular migration Tuesday, at the end of a summit aimed at boosting ties between the two continents.

EU gives Germany free pass over defence spending

Germany will escape EU punishment for breaking the bloc's budget rules because of a defence spending exemption, the European Commission said on Tuesday.

US retail sales miss expectations as consumers see higher costs

US retail sales grew at a slower pace than anticipated in September, government data showed Tuesday, as higher prices added to affordability concerns while firms grappled with an uptick in business costs.

Wall Street leads European equities higher as rate cut hopes rise

A solid opening for New York equities underpinned European stocks Tuesday as the tech sector extended a strong run and a US rate cut next month was seen as a near-certainty.

Kyrgyzstan arrests Chinese CEO of gold mining firm

Kyrgyzstan said Tuesday it had arrested the Chinese CEO of a gold mining firm accused of causing "large-scale" environmental damage, amid growing public scrutiny over Beijing's influence in the Central Asian country.

Palestinians fear new Israeli settlement will wreck their town

In a town near Jerusalem, a growing number of houses and businesses are receiving demolition and evacuation notices, and Palestinian residents link the drive to Israel's approval of a major new settlement project.

Asia markets advance as odds for another Fed rate cut grow

Asian investors on Tuesday welcomed more dovish comments from Federal Reserve officials reinforcing hopes it will cut interest rates next month, while a tech-led rally on Wall Street soothed recent AI bubble worries.

Toulouse prosecutor to probe Jaminet's 450,000 euros transfer buy out

A public prosecutor's office said on Monday it was opening a preliminary investigation into the 2022 transfer of France full-back Melvyn Jaminet's to Toulouse from Perpignan.

Stocks up as US rate hopes soothe nerves

Global stock markets and the dollar mostly firmed Monday as fresh hopes for a US interest-rate cut provided calm after last week's rollercoaster ride fuelled by worries of an AI tech bubble.

Italian fashion titan Zegna to hand over power

Gildo Zegna, grandson of the eponymous fashion brand's founder Ermenegildo Zegna, will hand over the reins of the group to its finance director and the fourth generation of family leaders in January, the group announced Monday.

EU, Africa leaders talk trade and minerals in Angola summit

European and African leaders gathered in Angola Monday for a summit to deepen economic and security ties that also presented the chance for emergency talks on Ukraine.

Stocks rise as US rate hopes soothe nerves

Stock markets and the dollar mostly firmed Monday as fresh hopes for a US interest-rate cut provided some calm after last week's rollercoaster ride fuelled by worries of an AI tech bubble.

Germany business morale falls as hopes for revival dim

German business sentiment fell more than expected in November, a survey showed Monday, the latest sign that industry is losing faith in the government's plans to revive the economy.

EU says will push US to lower steel tariffs

The EU will Monday urge the United States to implement more of the transatlantic trade deal struck in July, including cutting tariffs on steel, during talks in Brussels with US Commerce Secretary Howard Lutnick.

Beloved Bollywood star Dharmendra dies at 89

India's hugely popular Bollywood star Dharmendra, who was equally at ease in romantic comedies and high-octane action blockbusters, died aged 89 on Monday.

Belgium hit by three-day national strike

Belgium steeled itself for closed schools and disrupted train and air travel as three days of strikes kicked off Monday in protest at government austerity plans aimed at shrinking the national debt.

Singapore sets course for 'green' methanol ship fuel supplies

Singapore will start issuing bunkering licences next year to companies supplying methanol as marine fuel, in an effort to help global shipping cut carbon emissions, officials said Monday.

Belgium prepares for three days of national strikes

Belgium faces closed schools and disrupted train and air travel as unions call for three days of strikes starting Monday to protest the government's proposed spending cuts and labour law changes.

Rising from the ashes: Mogadishu's building boom

Mogadishu is rising, literally, from the ashes of decades of war. Pavements remain scarred by bullet holes and ruined buildings still line many streets, but the city's cacophony is now one of construction, not destruction.

Berliner Tageblatt - Economy (English)