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Featured

EU hits France's Sanofi with flu vaccine antitrust probe

The European Commission announced Friday that it was opening an antitrust probe into French pharmaceutical group Sanofi on suspicion it breached the bloc's competition rules in promoting a flu vaccine.

MEXC Reports 142% Volume Surge for MU Futures Following Record Micron Earnings Beat

MEXC, a pioneer in 0-fee digital asset trading, releases its observations on equity-related futures trading activity around Micron's (MU) earnings report. Micron posted quarterly revenue of approximately $41.4 billion, significantly exceeding market expectations. Following the earnings release, capital concentrated into AI memory and storage, with notable increases in trading activity across related instruments.

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Chanel reports 28% drop in full-year profit

French luxury group Chanel said Tuesday that it suffered a 28.2-percent drop in net profit to $3.4 billion last year because of "challenging" conditions in some markets.

Musk says will spend 'a lot less' on political campaigns

Billionaire Elon Musk on Tuesday said he was pulling away from spending his fortune on politics, asserting that his Tesla electric car company was doing well despite blowback due to his support of US President Donald Trump.

Equities rebound to track Wall St up as China cuts rates

Most markets rose Tuesday as risk appetite returned following the previous day's US rating-fuelled losses, with sentiment also boosted after China cut interest rates to historic lows.

Japan PM hits out at farm minister over free rice claim

Japanese Prime Minister Shigeru Ishiba on Tuesday reprimanded the farm minister for claiming he never buys rice because he gets it free, provoking the ire of consumers facing soaring prices.

Rio Tinto invests in major Chilean lithium project

Chile's state-owned copper giant Codelco announced a partnership on Monday with British-Australian miner Rio Tinto to extract lithium from a salt flat that contains the world's second-biggest deposits of the prized metal.

Actors' union sues Fortnite over AI Darth Vader

An actors' union is suing the makers of the Fortnite video game over the use of AI to create an interactive Darth Vader, it said Monday.

S.Africa says talks with Trump aim to salvage trade

Securing South Africa's trade ties with the United States will be a key aim of President Cyril Ramaphosa, who Monday began a Washington visit that will feature a meeting with Donald Trump, Ramaphosa's office said.

Chile weighs future of charming German village with dark past

With its pristine swimming pool, manicured lawns and lush forest backdrop, Villa Baviera, a German-themed settlement of 122 souls in southern Chile, looks like the perfect holiday getaway.

Italian designer Piccioli named creative director at Balenciaga

Italian designer Pierpaolo Piccioli has been named creative director at fashion house Balenciaga, taking over from Georgian designer Demna, parent company Kering said Monday.

Young Cameroonians face prospect of new bid by 92-year-old leader

Young Cameroonian voters hoping for change in this year's elections still face the possibility that 92-year-old President Paul Biya could announce a bid to extend his more than four decades in power.

Nigeria needs good fathers, says director who made Cannes history

Akinola Davies Jr -- who has made history by directing Nigeria's first ever film in competition at the Cannes film festival -- lost his father when he was two.

The battle by Chile torture site dwellers to remain

With its pristine swimming pool, manicured lawns and lush forest backdrop, Villa Baviera, a German-themed settlement of 122 souls in southern Chile, looks like the perfect holiday getaway.

ICJ sides with E.Guinea in spat with Gabon over oil-rich islands

The top United Nations court on Monday sided with Equatorial Guinea in a decades-long dispute with Gabon over three tiny islands in potentially oil-rich waters.

Kevin Spacey to get charity award in Cannes despite new scandal

Hollywood actor Kevin Spacey is to be given a lifetime's achievement award by a charity on the fringes of the Cannes film festival Tuesday despite being hit by a new sexual misconduct case.

Perrier scandal bubbles up as French parliament slams cover-up

The French government "at the highest level" covered up a scandal over the treatment of mineral water by food giant Nestle, including the iconic Perrier brand, an investigation by France's upper house of parliament said Monday.

Gary Lineker to leave BBC after antisemitism row

Former England football captain Gary Lineker will leave the BBC at the end of the season, it was announced on Monday, days after he shared a social media post that contained antisemitic imagery.

French state covered up Nestle water scandal: Senate report

The French government "at the highest level" covered up a scandal over the treatment of mineral water by food giant Nestle, including the iconic Perrier brand, a Senate investigation said Monday.

Trump tariffs force EU to cut 2025 eurozone growth forecast

The EU on Monday sharply cut its eurozone economic growth forecast for 2025 because of global trade tensions sparked by US President Donald Trump's sweeping tariffs.

China's Xiaomi to invest nearly $7 bn in chips

Chinese tech giant Xiaomi will invest 50 billion yuan ($6.9 billion) in developing high-end smartphone chips, the firm's founder said on Monday.

Women claim spotlight in India's macho movie industry

India's giant movie industry is known for its macho, men-centric storylines, but a wave of women filmmakers is helping to break the mould.

Stocks, dollar drop after US loses last triple-A credit rating

Stocks fell with the dollar Monday after Moody's removed the United States' last gold standard sovereign bond rating, citing the growing debt pile that it warned could balloon further.

Ryanair annual profit drops 16% as fares fall

Irish no-frills carrier Ryanair on Monday said net profit fell 16 percent in its financial year as it cut ticket prices to boost passenger numbers.

Nvidia unveils plan for Taiwan's first 'AI supercomputer'

Nvidia boss Jensen Huang announced plans for Taiwan's "first AI supercomputer", as he showcased on Monday the company's latest advances in artificial intelligence.

China factory output beats forecasts, weathering tariffs

Factory output in China grew at a faster rate than expected last month, official data showed Monday, weathering a brutal trade war with Washington.

Pro-EU mayor, nationalist historian set for Polish presidential runoff

Pro-EU Warsaw mayor Rafal Trzaskowski was set to face nationalist historian Karol Nawrocki in Poland's presidential runoff on June 1, an exit poll showed after the first round, as the far-right made record advances.

France to unveil €37 bn in foreign investment at Versailles summit: presidency

France will announce 37 billion euros ($41.3 billion) in foreign investment on Monday as President Emmanuel Macron hosts more than 200 top executives at a business summit in Versailles, the French presidency said.

Austria's Eurovision winner receives hero's welcome

Austrian singer JJ returned to Vienna on Sunday to a hero's welcome, greeted by hundreds of cheering fans after winning the Eurovision Song Contest in Basel.

Control tower breakdown brings flight chaos to Paris airport

A control tower breakdown forced the cancellation of about 130 flights at Paris Orly airport Sunday, leaving thousands of passengers to scramble for alternative routes, officials said.

Paris kidnap bid highlights crypto data security risks

New regulations threaten the security of the personal data of cryptocurrency users and may expose them to "physical danger", the platform at the centre of last week's Paris kidnapping attempt has claimed.

Kanye West's pro-Hitler song gets millions of views on X

A new song by rapper Kanye West glorifying Nazi leader Adolf Hitler has racked up millions of views on Elon Musk's X platform, after it was banned by other sites such as YouTube.

Eurovision says 'wait and see' on Celine Dion

Just hours before Saturday's Eurovision Song Contest grand final, organisers were tight-lipped about whether ailing superstar Celine Dion might make an emotional appearance, 37 years after winning the competition.

Eurovision triggers betting interest surge

The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of Saturday's giant glamfest in Basel.

Volkswacht Bodensee - Economy (English)