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Swiss central bank holds interest rates, with eye on currency risks

Switzerland's central bank left interest rates unchanged at zero percent on Thursday, a move widely expected by analysts, but said it was watching out for signs of upward pressure on the Swiss franc currency.

Bank of England follows Fed in holding interest rate

The Bank of England held its benchmark interest rate at 3.75 percent Thursday, opting against an increase despite elevated inflation after the US-Iran war pushed up energy prices.

Last news

Oil drops below $100 on hopes of US-Iran deal to open Hormuz

Oil prices plunged below $100 a barrel on Monday and stock markets rallied as investors raised their expectations of a reopening of the Strait of Hormuz following signs that Washington and Iran were edging closer to a deal.

Oil plunges below $100 on hopes of US-Iran Hormuz deal

Oil prices dropped back below $100 a barrel on Monday and stock markets rallied as investors raised expectations of a reopening of the Strait of Hormuz following signs that Washington and Iran were edging closer to a deal.

Pope urges 'disarming' of artificial intelligence in major manifesto

Pope Leo XIV called Monday for the "disarming" of artificial intelligence in his long-awaited manifesto on the rapidly developing technology, and warned of "new forms of slavery" behind its rise.

Swiss divided as population cap vote nears

The Swiss will vote next month on an initiative to cap the population at 10 million -- an anti-immigration proposal that is fracturing public opinion in the wealthy Alpine nation.

Oil falls, stocks climb on hopes of US-Iran Hormuz deal

Oil prices fell and Asian stocks climbed on Monday over hopes a deal between the United States and Iran to open the Strait of Hormuz could be brokered.

Indian sailors risk work at sea, as Iran war grinds on

Born to landless Indian farmers, Sunil Pooniya thought a job at sea would be his ticket out of poverty, instead his first voyage saw him diving into the ocean to escape a deadly attack driven by the Iran war.

Oil falls, Asian stocks climb on hopes of US-Iran Hormuz deal

Oil prices fell and Asian stocks climbed on Monday over hopes a deal between the United States and Iran to open the Strait of Hormuz could be brokered.

Toshifumi Suzuki, 'father' of Japan convenience stores, dies at 93

Former chairman of Seven & i Holdings Toshifumi Suzuki, credited for the global success of 7-Eleven convenience stores, has died at the age of 93, the company said Monday.

AI chip demand drives 6% growth for Singapore in first quarter

Singapore's economy grew six percent year-on-year in the first quarter as demand skyrockets for artificial intelligence chips, balancing the fallout from the Middle East war, the government said Monday.

Mandalorian and Grogu blast to first place in weekend box office

Disney's "Star Wars: The Mandalorian and Grogu" saw the much-adored Baby Yoda and his adoptive guardian sweep the North American box office with an estimated $102 million take through Monday, industry estimates showed.

Yemen family deprived of aid reduced to eating tree leaves

With no food aid, 65-year-old Saeedah Mohammed heads out with a plastic bag to pick tree leaves near her displacement camp in southern Yemen, before serving them to her grandchildren to stave off hunger.

'Extremely dangerous': Cycle-mad Amsterdam slams brakes on 'fatbikes'

Fast, fashionable mode of transport for some, scourge of the cycle path for others: in bike-mad Amsterdam, complaints about "fatbikes" have driven authorities to impose an unprecedented ban in one of the city's top parks.

Lightning advance: swathes of Hanoi demolished for development

Rows of townhouses torn down in hours, roads ripped up by bulldozers and city blocks reduced to rubble in the name of progress -- giant construction sites litter Hanoi as it races ahead with urban renewal.

'Fjord' by Romania's Cristian Mungiu wins Cannes best film prize

"Fjord", a thought-provoking drama about domestic violence and left-wing prejudices by Romanian auteur Cristian Mungiu, won the best film prize at the Cannes Film Festival on Saturday at a star-packed closing ceremony.

EU automated border system suspended at Dover amid bank holiday chaos

French authorities suspended the European Union's new digital border check system at Britain's Port of Dover on Saturday, as traffic piled up at the UK ferry terminal at the start of the long weekend.

French mother of boys abandoned in Portugal remanded in custody

A court in Portugal on Saturday remanded in custody a French woman and her partner accused of abandoning her two young boys -- aged four and five -- on a roadside in the south of the country.

China coal mine blast kills at least 90, more missing

A gas explosion at a coal mine in northern China has killed at least 90 people, state media reported on Saturday, the country's biggest mining disaster in 17 years.

Pope visits Italy's 'Land of Fires'

Pope Leo XIV will visit Italy's "Land of Fires" on Saturday, where for decades the mafia has illegally dumped and burned toxic rubbish, poisoning both people and their land.

'Never going back': Cartel attack decimates Mexican Indigenous town

Hungry animals are the only living beings that remain in Tula, an Indigenous community in Mexico whose residents were terrorized and forced to flee by a drug cartel.

Mexico, EU lower tariffs in bid to grow non-US trade

The European Union and Mexico on Friday signed a deal reducing tariffs on each other's goods as both seek to lessen their dependence on trade with the United States.

Kevin Warsh: New Fed chair who vows not to be Trump's puppet

Kevin Warsh, the new chair of the US Federal Reserve, returns to the central bank with an ambitious reform agenda and the looming threat of intimidation by the man who nominated him: US President Donald Trump.

US Fed chair says will be 'reform-oriented' at glitzy White House swearing-in

New US Federal Reserve Chair Kevin Warsh vowed to be "reform-oriented" as he was sworn in at the White House on Friday, with President Donald Trump insisting the central bank chief would be "totally independent."

From agave syrup to raw materials: EU, Mexico agree trade expansion

The EU and Mexico agreed to expand their trade ties Friday against the backdrop of a more protectionist United States under President Donald Trump.

Stocks gain, oil higher as investors weigh Mideast peace prospects

Stocks pushed higher Friday while oil prices rose as traders tracked headlines on the chances for peace in the Middle East, against a backdrop of corporate earnings optimism and AI enthusiasm that have pushed indexes to record highs.

Stocks gain, oil wavers as investors weigh Mideast peace prospects

Stocks pushed higher Friday while oil prices were little changed as traders tracked headlines on the chances for peace in the Middle East, against a backdrop of corporate earnings optimism and AI enthusiasm that have pushed indexes to record highs.

Women directors close Cannes, putting gender imbalance in spotlight

Films by two women directors wrapped up the main competition at the Cannes Film Festival on Friday, with men once again dominating the line up in a refelction of an industry where progress towards gender parity has stalled.

Oil, stocks gain as investors weigh Mideast peace prospects

Oil prices and stock markets jumped Friday as traders tracked headlines on the chances for peace in the Middle East, while also eyeing mixed corporate earnings and some positive economic data.

German business morale rises for first time since Iran war

German business morale unexpectedly increased in May, a survey showed Friday, raising hopes Europe's biggest economy is weathering the Iran war energy shock better than feared.

Asian equities rally on Mideast optimism, oil edges higher

Asian markets rallied Friday as optimism over US-Iran talks boosted regional equities, while rising oil prices kept inflation concerns in focus.

Mangrove loss threatens Sierra Leone's oyster harvesters

For 20 years, Millicent Turay has supported her family by collecting mangrove oysters near Sierra Leone's capital, Freetown, a common livelihood along the west African coast.

Asian equities climb on Mideast optimism, oil edges higher

Asian markets rose Friday as optimism over US-Iran talks buoyed equities, though higher oil prices kept inflation concerns in focus.

Japan inflation slows more than expected in April

Japan's inflation slowed more than expected in April, government data showed Friday, as Prime Minister Sanae Takaichi considers further measures to drive down costs linked to the Middle East war.

Volkswacht Bodensee - Economy (English)