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Featured

South Korea to invest nearly $1.2 tn in chips, AI data centres

South Korea will invest nearly $1.2 trillion -- equivalent to more than two-thirds of its GDP -- in a new chip-building hub and AI data centres over several years, as it seeks to profit from soaring demand while developing previously neglected regions.

Stocks mixed and oil rises as US, Iran call end to latest attacks

Asian stocks were mixed and oil prices edged up as reports said the United States and Iran had agreed to stop attacking each other following a weekend of strikes that threw their fragile truce into question.

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Germany's Commerzbank to cut jobs to fight off UniCredit

German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, seeking to fight off pressure for a tie-up from Italian bank UniCredit.

Sony hikes profit forecast on strong gaming business

Japanese entertainment and electronics giant Sony upgraded its annual net profit forecast to $7.0 billion on Thursday thanks to its strong gaming business.

The Italian mums who 'poisoned' their children

Elisabetta Donadello "poisoned" her children. After unwittingly living off polluted land in northeast Italy for decades, she had toxic chemicals in her blood -- which she passed on with each pregnancy.

Trump threats to South Africa rattle automakers

South Africa exports vehicles worth about $1.9 billion every year, many to the United States under a trade deal now in jeopardy as President Donald Trump piles pressure on the country.

Asian stocks rise, oil falls as Trump fans Ukraine peace hopes

Asian markets mostly rose Thursday and oil prices extended losses as forecast-topping US inflation was overshadowed by hopes for an end to the Ukraine war after news Donald Trump and Russia's Vladimir Putin had discussed peace talks.

Chinese authorities play cash-giving Cupid to boost marriage rates

Moments after registering their marriage, Zhang Gang and Weng Linbin posed in front of a red backdrop adorned with a Chinese government emblem, fanning out the wad of cash they had received as an incentive to wed.

Facing egg shortage, Americans bring chickens home to roost

A Houston poultry supply company is selling chickens like there is no tomorrow, as sky-high prices for eggs prompt some Americans to produce their own at home.

Sadot Group Inc. Announces Appointment of Ms. Catia Jorge as New Chief Executive Officer

BURLESON, TEXAS / ACCESS Newswire / February 13, 2025 / Sadot Group Inc. (Nasdaq:SDOT) ("Sadot Group" or the "Company") today announced the appointment of Ms. Catia Jorge as its new Chief Executive Officer, effective immediately. Ms. Jorge, a seasoned leader in the global agri-commodity sector, joins Sadot Group at a pivotal time, as the Company transitions to focusing on expanding its platform globally. Ms. Jorge will report to the Board of Directors and lead Sadot's strategic initiatives, global operations, and business growth efforts to maximize the Company's long-term potential.

US stocks mostly lower on inflation, euro gains on Ukraine peace hopes

Wall Street stocks mostly fell Wednesday after US inflation data exceeded expectations, while the euro strengthened on signs Russia and Ukraine could be closer to a peace agreement.

Trump blames Biden for unexpected uptick in US inflation

US President Donald Trump on Wednesday blamed his predecessor Joe Biden for last month's unexpected acceleration in consumer inflation, as he looked to deflect a moment of potential political peril early in his second term.

Chevron to cut 15-20% of workforce by end of 2026: company

Chevron will cut 15 to 20 percent of its workforce as part of a reorganization to save money and to position the oil giant for the long-term, the company said Wednesday.

Canadian steel firms face turmoil after US 'stab in the back'

When Shale Tobe heard President Donald Trump planned to impose tariffs on Canadian steel, a product that has supported his family for decades, he was in New York on holiday, "spending money down in the US."

US trade deficits at core of Trump tariff moves

Imposing punitive tariffs on countries with high trade surpluses with the United States has been at the heart of US President Donald Trump's economic policy.

Hit by Trump, Canada and EU seek comfort in numbers

Buffeted by tariffs and threats from Washington, the European Union and Canada hailed their "friendship" and discussed drawing closer together Wednesday, in the latest sign of a Brussels push to diversify trade away from the United States.

US consumer inflation unexpectedly up, Trump blames Biden

US consumer inflation unexpectedly accelerated last month, data showed Wednesday, in a moment of potential political peril for President Donald Trump, who quickly blamed the uptick on his predecessor Joe Biden.

US stocks fall as inflation unexpectedly heats up

US stock markets tumbled on Wednesday as an inflation reading came in hotter than expected, fanning fears that the Federal Reserve will keep interest rates higher for longer.

Bankrupt ex-Turkey operator of KFC, Pizza Hut says wages to be paid

The former operator of the KFC and Pizza Hut franchises in Turkey on Wednesday promised to pay the outstanding salaries of its 7,000 staff just days after filing for bankruptcy.

Stock markets gain before US inflation data

Asian stock markets rose and there were fresh record highs for leading European indices Wednesday as attention turned to upcoming US inflation data.

'I will fight': Khelif responds to boxing organisation lawsuit

Algerian gold winning boxer Imane Khelif has denounced "false and offensive" allegations after the International Boxing Association (IBA) said it will sue the International Olympic Committee over her and another female athlete's inclusion at the games' women's boxing last year.

Two astronauts stranded on space station to touch down early

Two American astronauts who have been trapped on the International Space Station since June could return to Earth earlier in March than expected, NASA said Tuesday.

Heineken shares pop on bubbly beer sales

Shares in Dutch brewer Heineken fizzed at the market open on Wednesday, as traders cheered better-than-expected beer sales despite a slight dip in overall turnover.

Flattery and pragmatism: UK plan to stay on Trump's good side

With its flattering rhetoric, leniency in responding to US trade threats and alignment with Washington this week at a summit on artificial intelligence, the United Kingdom has signalled a willingness to take President Donald Trump's side over Europe.

'What would you have us do?': the plastic credits problem

Twice a day, sirens sound at Cambodia's Chip Mong Insee cement kiln, warning limestone will soon be blasted from the karst mountain that overlooks the sprawling industrial site.

Asian stocks rise as Powell rate warning taken in stride

Equities rose in Asia on Wednesday as traders took in their stride a warning from Federal Reserve boss Jerome Powell that the US central bank "did not need to be in a hurry" to cut interest rates again.

What are reciprocal tariffs and who might be affected?

US President Donald Trump has threatened to open new fronts in his tariffs war by announcing reciprocal levies on other countries as soon as Tuesday, branding this "the only fair way" to trade.

US inflation fight to take time in 'highly uncertain' environment: Fed official

The US Federal Reserve is in a strong position to weather the "highly uncertain" economic outlook, but its inflation fight will take time to win, a senior US central bank official said Tuesday.

Ford CEO says Trump policy uncertainty creating chaos

The Trump administration's tariff threats and animosity towards electronic vehicles are producing a "lot of cost and a lot of chaos" for Ford, the automaker's chief executive said Tuesday.

Altman says OpenAI 'not for sale' after Musk's $97 bn bid

Artificial intelligence developer OpenAI is "not for sale", chief executive Sam Altman said in Paris Tuesday in response to a reported $97.4 billion bid from competitor Elon Musk.

Trump says US disaster relief agency should be 'terminated'

President Donald Trump launched a fresh attack Tuesday on the US federal disaster agency FEMA, calling for it to be shut down and its duties instead handed to individual states.

'Ridiculous and lame': South Africans mock Trump proposals

On the streets of Johannesburg's student district, US President Donald Trump's offer to accept white Afrikaners as refugees landed as both "ridiculous" and "lame", among South Africans of all races.

Global stocks mixed as tariff uncertainty looms

European and Asian markets struggled for direction and gold hit a fresh high Tuesday as traders kept a nervous eye on Donald Trump's next tariff moves.

BP pledges strategic 'reset' as profit tumbles

Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to "fundamentally reset" its strategy.

Volkswacht Bodensee - Economy (English)