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Iran activates air defences as Trump faces congressional deadline

Tehran's air defences were activated to counter small aircraft and drones late Thursday, as the White House signalled that it will not be reined in by a congressional deadline on the Iran war.

Crude edges up after wild swing, stocks track Wall St rally

Oil prices edged up Friday after the previous day's wild swings, with investors awaiting the next move in the Middle East crisis, while stocks rose in holiday-thinned trade following a tech-led record day on Wall Street.

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Oil slumps after hitting peak, US indices reach new records

Oil prices struck a four-year high Thursday on worries about a resumption of hostilities in the Middle East, before slumping to end the day.

Venezuela leader hikes minimum wage package by 26%

Venezuela's acting president Delcy Rodriguez on Thursday hiked the minimum wage package by 26.3 percent, to $240, in an attempt to quell growing discontent over difficult living conditions.

Bangladesh signs biggest-ever plane deal for 14 Boeings

Bangladesh on Thursday signed a deal with US aircraft manufacturer Boeing to buy 14 planes for its national carrier Biman Bangladesh Airlines, the two sides announced -- the airline's biggest-ever order, in a deal valued at $3.7 billion.

Venezuela opens arms to world with Miami-Caracas flight

A relaunched Miami-Caracas flight after seven years of a standstill is paving the way for Venezuela to reclaim its status as a bustling aviation hub.

US Congress votes to end record government shutdown

The US Congress on Thursday approved funding for most of the Department of Homeland Security (DHS), ending a record-breaking partial government shutdown that has disrupted critical agencies for more than two months.

First direct US-Venezuela flight in years arrives in Caracas

The first direct flight between the United States and Venezuela in seven years landed Thursday in Caracas, a new sign of a thaw after Washington deposed leftist leader Nicolas Maduro.

Oil strikes 4-year peak, stocks rise

Oil prices struck a four-year high on Thursday on worries over a resumption of hostilities in the Middle East, while US and European stock markets mostly rose as investors turned to central bank decisions and corporate earnings.

ECB warns of risks from Mideast war as it holds rates

The European Central Bank held interest rates steady on Thursday and warned of growing risks to the growth and inflation outlook thanks to the war in the Middle East.

Iran's supreme leader defies US blockade as oil prices soar

Iran's supreme leader declared Thursday that the United States had suffered a shameful defeat, defiantly rejecting a warning from President Donald Trump that an economically-punishing US naval blockade could be enforced for months to come.

White House against Anthropic expanding Mythos model access: report

The White House is opposing Anthropic's plans to expand access to its new artificial intelligence model Mythos to 120 companies, the Wall Street Journal reported Wednesday.

Nigerian airlines avert shutdown as Mideast war hikes fuel prices

Nigerian airlines continued flying on Thursday despite threatening a shutdown over sky-high jet fuel prices roiling the industry in Africa's top crude producer and most populous nation.

ArcelorMittal boosts sales but profits squeezed

Steel giant ArcelorMittal said Thursday that while first-quarter sales had risen, adverse exchange rates hit net profits, but added that it was well placed to benefit from European restrictions on imports.

German growth beats forecast but energy shock looms

Germany's struggling economy expanded slightly faster than expected at the start of the year, data showed Thursday, but the positive momentum could be derailed by the Iran war energy shock.

Air France-KLM trims 2026 outlook over Middle East war impact

Air France-KLM cut back its 2026 outlook as it said higher fuel prices caused by the Middle East war would weigh down its fuel bill by more than a third.

Oil surges 7% to top $126 on Trump blockade warning

Oil prices soared more than seven percent to a four-year high above $126 Thursday after Donald Trump warned the US blockade of Iranian ports could last months and a report said he would be briefed on potential fresh military strikes.

Volkswagen warns of more cost cuts as profits plunge

Volkswagen's future is at risk without further cost-cuts, the ailing German auto giant warned Thursday after profits plunged more than feared as headwinds mount.

Rolls-Royce confident on profits despite Mideast war disruption

British engine-maker Rolls-Royce maintained its full-year profit guidance on Thursday, as it expects to "fully mitigate" disruption from the Middle East war.

French economy records zero growth in first quarter

France's economy recorded zero growth in the first quarter of this year due to "sluggish" domestic demand and a "strongly" negative contribution from foreign trade, the national statistics agency INSEE said Thursday.

Carmaker Stellantis swings back into profit as sales climb

Global automaker Stellantis -- owner of the Jeep and Fiat brands -- said Thursday it had swung back into profit in the first quarter on rising sales as it fixed manufacturing and operational problems.

Trump warns Iran blockade could last months, sending oil prices soaring

President Donald Trump said a US naval blockade against Iran could last months, leading oil prices to spike to their highest level in more than four years, which held into Thursday.

Oil surges 7%, stocks slip on Trump blockade warning

Oil prices soared more than seven percent to a fresh four-year high Thursday while stocks fell after Donald Trump warned the US blockade of Iranian ports could last months and a report said he would be briefed on potential fresh military strikes.

Cuban boy's sporting dreams on hold as surgery backlog grows

Juan Jose Guilarte is like any other 10-year-old as he races around a park in Cuba's capital Havana.

Bali drowning in trash after landfill closed

Buckets of blooms adorn Yuvita Anggi Prinanda's sidewalk flower stall in Bali, but their perfume can't mask the stench of accumulating trash bespoiling parts of the resort island famed for its natural beauty.

ECB set to hold rates despite Iran war energy shock

The European Central Bank is expected to hold interest rates steady again on Thursday as policymakers weigh concerns about higher inflation triggered by the Middle East war against worries about weakening growth.

Samsung Electronics posts record quarterly profit on AI boom

Samsung Electronics said on Thursday its quarterly operating profit had jumped 750 percent year-on-year to a record 57.2 trillion won ($38.4 billion) on the back of strong sales of chips crucial for artificial intelligence.

Meta chief Zuckerberg doubles down on AI spending

Meta chief Mark Zuckerberg on Wednesday defended massive spending on artificial intelligence that dragged down shares despite strong earnings boosted by the technology.

Brazil lowers benchmark rate to 14.5% in second consecutive cut

Brazil's Central Bank on Wednesday announced a second consecutive cut to its benchmark interest rate, one of the world's highest, in a boost for left-wing President Luiz Inacio Lula da Silva as he courts a fourth term.

Trump warns Iran blockade could last months, sending oil soaring

President Donald Trump said that a US naval blockade against Iran could last months, leading oil prices Wednesday to spike to their highest in more than four years.

Powell to stay as Fed governor after chairman term, citing legal attacks

US Federal Reserve chief Jerome Powell said Wednesday that he would stay at the central bank as a governor after his term as chair concludes, as the independent institution battles legal challenges under the Trump administration.

African oil producers defend need to drill at fossil fuel exit talks

Oil-rich African nations at global fossil fuel phaseout talks in Colombia said Wednesday they would keep drilling to support economic growth, highlighting tensions between climate and fiscal realities for developing producers.

'Gritty' Philadelphia pitches itself as low-cost US World Cup choice

Philadelphia is presenting itself as the US World Cup host city offering fans the best value for money, with affordable transport, accommodation and food while other venues are pilloried for gouging supporters.

'I literally was a fool': Musk grilled in OpenAI trial

Elon Musk faced fiery questioning Wednesday in his court showdown with OpenAI, as he insisted that the maker of ChatGPT had fooled him by turning what was an altruistic pursuit into a profit-making juggernaut.

Volkswacht Bodensee - Economy (English)