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German naval ambitions suffer setback as warship order axed

Germany on Wednesday pulled the plug on its largest naval order in decades after the anti-submarine warship project suffered delays, a setback for the country's ambitions to overhaul its military.

Europe swelters under record-breaking heatwave

Europe struggled to cope with a record-breaking heatwave on Wednesday, with at least 94 million people expected to experience temperatures above 35C, most of them in France and Spain.

Last news

Gabon forest cave reveals clues about prehistoric central Africa

In Gabon's sprawling forest, archaeologists dig for ancient clues that could unlock the secrets of how prehistoric humans lived and interacted in the changing landscape of central Africa.

With six months to go, Winter Games organisers say they'll be ready

Six months before the start of the Winter Olympics, Italian organisers say that, after years of ups and downs, they are on schedule.

Stella Rimington, first woman to lead UK's MI5 dies at 90

Stella Rimington, the first woman to head the UK's domestic secret service MI5, has died at the age of 90, the spy agency announced on Monday.

Tesla approves $29 bn in shares to Musk as court case rumbles on

Tesla announced an "interim" compensation award worth about $29 billion for Elon Musk on Monday, asserting the need to retain the controversial CEO at a moment of fierce competition for top talent.

Stocks rebound on US rate cut bets

Most stock markets bounced on Monday on hopes of US interest rate cuts after weak jobs figures raised concerns about the world's top economy.

Swiss eye 'more attractive' offer for Trump after tariff shock

Switzerland said on Monday it was ready to make a better offer to the United States to avoid steep tariffs that are expected to take effect this week.

Trump says will name new economics data official this week

US President Donald Trump said Monday that he would pick an "exceptional replacement" to his labor statistics chief -- after ordering her dismissal as a new report showed weakness in the US jobs market.

Stocks mostly rise as traders boost US rate cut bets

Most stock markets bounced on Monday as hopes for US interest rate cuts rose following a sharp slowdown in jobs growth that raised concerns about the world's top economy.

BP makes largest oil, gas discovery in 25 years off Brazil

Britain's BP announced Monday it made its biggest oil and gas discovery in 25 years off the coast of Brazil, as it shifts back to its fossil fuel business.

Shares in UK banks jump after car loan court ruling

Shares in British banks rose on Monday after the country's top court spared the sector from the worst of feared compensation claims over controversial car loans.

Most markets rise as traders US data boosts rate cut bets

Most stock markets bounced on Monday as the chances of US interest rate cuts following a big miss on US jobs creation offset concerns about the world's top economy.

Asian markets fluctuate as traders weigh tariffs, US jobs

Asian markets flitted between gains and losses Monday as investors continued to digest last week's tariff blitz by Donald Trump and a US jobs report that fanned fears about the world's top economy.

Italy's fast fashion hub becomes Chinese mafia battlefield

When Zhang Dayong lay in a pool of blood on a sidewalk in Rome after being shot six times, few suspected a link to Italy's storied textile hub of Prato.

UK lenders face $12 bn plus compensation bill despite court ruling: watchdog

British finance firms behind high interest car loans could have to pay out more than nine billion pounds ($12 billion) in compensation despite the country's highest court ruling that most of the controversial deals were lawful, a financial watchdog said Sunday.

US trade advisor says Trump tariff rates unlikely to change

New US tariff rates are "pretty much set" with little immediate room for negotiation, Donald Trump's trade advisor said in remarks aired Sunday, also defending the president's politically driven levies against Brazil.

Eight OPEC+ countries raise production by 547,000 bpd

Saudi Arabia, Russia and six key members of the OPEC+ alliance said Sunday they will increase production by 547,000 barrels a day in a move which analysts say aims to regain market share amid resilient crude prices.

Pope's 'Jubilee of Youth' ends with mass for 1 million pilgrims

Pope Leo XIV presided over a final mass in Rome for over one million young people on Sunday, the culmination of a pilgrimage that has drawn Catholics from across the world.

Pope's 'Jubilee of Youth' ends with Rome mass for 1 million pilgrims

Pope Leo XIV presided over a final mass in Rome for over one million young people on Sunday, the culmination of a youth pilgrimage that has drawn Catholics from across the world.

OPEC+ slated to increase oil output in bid to regain market share

Saudi Arabia, Russia and six other key members of the OPEC+ alliance are expected to further hike oil production in a meeting Sunday, a move analysts say is aimed at regaining market share amid resilient crude prices.

Rescuers recover body of trapped worker at Chile copper mine

One of five miners trapped after a partial collapse at the world's largest underground copper mine has been found dead, Chile's state-owned Codelco group announced Saturday.

US Fed governor to resign early at critical time for central bank

US Federal Reserve governor Adriana Kugler is resigning from her position, the central bank said Friday, opening a vacancy that President Donald Trump can fill as he presses his campaign to drop interest rates.

Trump orders firing of US official as cracks emerge in jobs market

President Donald Trump said Friday he has ordered the firing of a key economic official, accusing her of manipulating employment data for political reasons after a new report showed cracks emerging in the US jobs market.

Exxon, Chevron turn page on legal fight as profits slip

Lower crude prices dented profits at ExxonMobil and Chevron as the companies signaled Friday they are moving past a legal fight over an acquisition ultimately won by the latter firm.

Stocks sink on Trump tariffs, US jobs data

Stock markets slid Friday after US President Donald Trump announced tariffs on dozens of trading partners and weak US jobs data fuelled the fall.

Cracks emerge in US jobs market as Fed officials sound warning

The US employment market is showing weakness as companies grappled with President Donald Trump's sweeping tariffs, government data showed Friday, while two central bank officials warned on labor risks in the world's biggest economy.

Swiss will try to negotiate way out of stiff US tariffs

The Swiss government said Friday it would negotiate with the United States to try to avoid the tough 39-percent US tariff rate that would harm key industries.

US job growth weaker than expected in July as unemployment rises

US job growth missed expectations in July, government data showed Friday, while revisions to hiring figures in recent months brought them to the weakest levels since the Covid-19 pandemic.

Stocks slide as Trump's new tariff sweep offsets earnings

Stock markets slid but the dollar held up Friday as US President Donald Trump announced tariffs on dozens of trading partners, offsetting strong earnings from tech giants.

HIV-positive Turkmen man fears deportation, torture

An HIV-positive gay man who fled Turkmenistan, one of the most repressive countries in the world, risks being deported, imprisoned and tortured, he and several non-governmental groups told AFP.

Bayer sets aside more cash to deal with weedkiller woes

German pharmaceutical and agricultural chemicals giant Bayer said it had put aside an extra 1.2 billion euros ($1.4 billion) to deal with long-running US legal woes linked to a weedkiller.

Stocks drop as Trump's new tariff sweep offsets earnings

Stock markets fell Friday as Donald Trump announced tariffs on dozens of trading partners ahead of a self-imposed deadline, offsetting strong earnings from tech giants.

Swiss to try to negotiate way out of stiff US tariffs

The Swiss government said Friday it would negotiate with the United States to try to avoid the 39 percent punitive US tariff rate that would ravage its key pharmaceutical industry.

Volkswacht Bodensee - Economy (English)