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Oil prices climb as fresh strikes target infrastructure

Oil prices rose again Tuesday as Iran launched fresh attacks on crude-producing neighbours, while stock markets were higher ahead of key central bank meetings.

Germany targets oil firms to prevent wartime price gouging

Germany said Tuesday its competition watchdog will soon get more powers to target energy firms over concerns they are unfairly hiking petrol prices to profit from the wartime oil shock.

Last news

Stocks rise as all eyes on corporate earnings

Stock markets advanced Thursday as traders digested a string of company earnings that mostly suggested economic resilience in line with a bumper US jobs report for January, even though the chances of Federal Reserve interest rate cuts receded.

Turkey's central bank lifts 2026 inflation forecasts

Turkey's central bank on Thursday increased its estimates for inflation as officials try to rein in soaring price increases that have weighed on the economy for years.

UK economy struggles for growth in fresh blow to government

Britain's economy grew less than expected in the final quarter of 2025, according to official data Thursday, dealing a fresh blow to embattled Prime Minister Keir Starmer and his government.

UK nursery worker faces jail for serial child sex abuse

A UK childcare worker appeared in court Thursday to be sentenced for years of child sexual abuse, as the government considers making CCTV mandatory in nurseries after a string of similar cases.

Anti-racism body slams Man Utd co-owner for 'disgraceful' immigration comments

A leading British football anti-discrimination body on Thursday slammed as "disgraceful" comments by Manchester United co-owner Jim Ratcliffe claiming the "UK has been colonised by immigrants".

Mercedes-Benz net profit nearly halves amid China, US woes

German carmaker Mercedes-Benz reported Thursday its lowest annual profit since the Covid pandemic, as it counted the cost of US tariffs and cutthroat competition in China.

European stocks rise tracking earnings, US jobs

European stock markets rose Thursday as traders digested a string of company earnings and a stronger-than-expected US jobs report, which boosted optimism about the health of the world's largest economy.

Hermes sales rise despite US tariffs, currency headwinds

French luxury house Hermes reported Thursday an increase in 2025 sales even though it faced steep US tariffs and a weak dollar, which made its leather handbags and other goods more pricey for customers worldwide.

Pro-Kremlin accounts using Epstein files to push conspiracy: AFP research

Pro-Kremlin social media accounts are using the latest Jeffrey Epstein document release to bolster their efforts to spread baseless claims that Russia has saved Ukrainian children from sex trafficking, AFP research showed Thursday.

Sanofi says board has removed CEO Paul Hudson

French pharmaceutical giant Sanofi has removed Paul Hudson as chief executive, thanking him Thursday for "valuable contributions" but without giving any reason for his surprise exit.

Struggling Nissan forecasts $4.2 bn full-year net loss

Japanese automaker Nissan said on Thursday it expected to suffer a net loss of 650 billion yen ($4.2 billion) in its fiscal year that ends in March, as it struggles with sluggish sales.

Asia markets mixed as stong US jobs data temper rate expectations

Stocks were mixed on Thursday as investors weighed a bumper US jobs report that eased concerns about the state of the world's top economy but forced them to pare back their bets on Federal Reserve interest rate cuts.

Samsung starts mass production of next-gen AI memory chip

Samsung Electronics announced Thursday it had started mass production of next-generation memory chips to power artificial intelligence, touting an "industry-leading" breakthrough.

Argentina moves closer to labor reform, despite protests

Argentina pushed closer on Thursday to approving labor reforms that have triggered clashes between workers and police in the streets outside Congress.

Greece's Cycladic islands swept up in concrete fever

On the sloping shoreline of the Greek Aegean island of Milos, a vast construction site has left a gaping wound into the island's trademark volcanic rock.

'China shock': Germany struggles as key market turns business rival

China was long a lucrative market for Germany Inc, but the Asian giant's rise in high-tech fields has put the heat on Europe's industrial powerhouse and its companies, big and small.

EU leaders push to rescue European economy challenged by China, US

EU leaders will converge on a Belgian castle on Thursday as the bloc seeks ways to punch its economic weight on the global stage -- faced with threats from China and the United States, and hamstrung by its own divisions.

Protesters, police clash at protest over Milei labor reform

Argentine workers hurled stones and bottle bombs Wednesday at police who responded with tear gas and rubber bullets as a protest against proposed labor reforms turned briefly violent.

Trump orders Pentagon to buy coal-fired electricity

US President Donald Trump ordered the Pentagon on Wednesday to buy electricity from coal-fired plants, in his latest bid to boost an industry that is a major contributor to climate change.

US pushes for 'dramatic increase' in Venezuela oil output

US Energy Secretary Chris Wright on Wednesday vowed to power a "dramatic increase" in Venezuelan oil output as part of a plan to "make the Americas great again" after talks with acting president Delcy Rodriguez in Caracas.

Milei labor law reforms spark clashes in Buenos Aires

Argentine protesters angry over a labor reform bill clashed with police Wednesday outside Congress, as lawmakers debated plans to facilitate work contract flexibility and make it easier and cheaper to fire staff.

US stocks move sideways after January job growth tops estimates

Wall Street stocks moved sideways Wednesday following solid US jobs data that boosted sentiment about the economy but dented prospects for imminent Federal Reserve interest rate cuts.

US top official in Venezuela for oil talks after leader's ouster

US Energy Secretary Chris Wright was in Venezuela on Wednesday for talks with acting president Delcy Rodriguez and oil industry executives on harnessing the country's vast reserves of crude.

TotalEnergies can do without Russian gas: CEO

French fossil fuels giant TotalEnergies said Wednesday it will abide by a European ban on imports of Russian liquefied natutral gas (LNG) due to come into force next year and said it can easily replace the supplies.

Instagram CEO denies addiction claims in landmark US trial

Instagram CEO Adam Mosseri on Wednesday rejected the notion that users could be clinically addicted to social media, as he testified in a landmark California trial over whether his company knowingly hooked children on its platform for profit.

EU leaders push rival fixes to reverse bloc's 'decline'

EU leaders told industry executives on Wednesday they were committed to transforming the bloc's lagging economy into a global powerhouse able to confront US and Chinese competition.

BMW recalls hundreds of thousands of cars over fire risk

German carmaker BMW is to recall hundreds of thousands of cars worldwide over a potential risk of engine starters sparking a fire, a company spokesman confirmed to AFP Wednesday.

Norway's ex-diplomat seen as key cog in Epstein affair

Norway's former high-profile diplomat Terje Rod-Larsen helped Jeffrey Epstein weave his web of dignitaries, acting as a go-between for the convicted sex offender in exchange for rewards, media has reported.

Instagram CEO to testify at social media addiction trial

Instagram's CEO Adam Mosseri takes the stand Wednesday in a landmark trial that could determine whether social media giants knowingly hooked children on their platforms for profit.

xAI sees key staff exits, Musk promises moon factories

Half of the original founding team at Elon Musk's artificial intelligence startup xAI has now departed after two co-founders resigned in rapid succession this week, raising fresh questions about talent retention ahead of an expected initial public offering.

US hiring soars past expectations as unemployment edges down

US job growth beat expectations in January while unemployment crept down, official data showed Wednesday, defying immediate concerns about labor market fragility on the back of President Donald Trump's economic policies.

France lawmakers urge changes to counter dwindling births

French lawmakers Wednesday urged longer paid parental leave and more financial support to make it easier for people to have more children, after deaths last year exceeded births in France for the first time in decades.

Volkswacht Bodensee - Economy (English)