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Featured

Bolivia removes 15-year dollar peg in bid to revive economy

Bolivia on Monday lifted a 15-year peg on its dollar exchange rate in a bid to attract more greenbacks, a move aimed at ending a severe economic crisis that has sparked unrest.

Supreme Court boosts Trump's power to fire officials, but protects Fed

The US Supreme Court on Monday fortified President Donald Trump's powers to fire members of independent government agencies, but carved out protections for the Federal Reserve by blocking the firing of Governor Lisa Cook.

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Troubled European carmakers to talk fines and EVs with EU

Europe's biggest carmakers will converge on Brussels for talks this week as the EU seeks to chart a way forward for an embattled industry struggling to cope with Chinese competition and climate rules.

Japan's Osaka bans street smoking ahead of Expo 2025

The Japanese city of Osaka on Monday imposed a smoking ban on public streets as part of efforts to become more visitor-friendly ahead of this year's World Expo.

ECB to cut rates again, with a nervous eye on Trump

Eurozone rate-setters are set to cut borrowing costs again this week, confident their efforts to lower inflation will remain on track despite the threat from US President Donald Trump's protectionist agenda.

Universal, Spotify ink multi-year deal

Universal Music Group, the world's largest music company, and streaming behemoth Spotify on Sunday announced a multi-year direct deal that will affect both recording and publishing royalty rates.

Undersea cable between Sweden and Latvia damaged, both countries say

Latvia said it had dispatched a warship on Sunday after damage to a fibre optic cable to Sweden that may have been "due to external factors".

Belarusians near Ukraine border long for end to war

Living 30 kilometres from the Ukrainian border, Belarusian retiree Sergei Budyukhin says the war on the other side of the frontier never feels far away.

US Fed prepares to pause in first rate decision since Trump's inauguration

The US Federal Reserve is expected to announce a pause in rate cuts on Wednesday, as policymakers look to continue tackling inflation under close and vocal scrutiny from President Donald Trump.

Rubbish roads: Nepal explores paving with plastic

Cars speeding along a smooth, black-coloured street in Nepal's Pokhara are also driving over heaps of discarded plastic, transformed into an ingredient in road construction.

US stocks retreat while yen gains on Bank of Japan rate hike

Wall Street stocks retreated Friday as the market's latest rally lost steam, while the yen pushed higher after the Bank of Japan lifted interest rates.

Serbians strike in protest over fatal roof collapse

Thousands of young people took to streets across Serbia on Friday, after student protest organisers called for a general strike over the fatal collapse of a train station roof in November.

Meta plans to invest $60 bn or more in AI this year

Meta chief executive Mark Zuckerberg on Friday said the tech giant plans to invest at least $60 billion in artificial intelligence in 2025, aiming to lead in the technology.

Croatians boycott shopping to protest high prices

Supermarket aisles were quiet across Croatia on Friday as consumers protested high food prices by joining a boycott on shopping.

US home sales in 2024 weakest in nearly 30 years

Sales of previously owned US homes slipped to their weakest level in about three decades last year on the back of high housing prices and mortgage rates, according to industry data released Friday.

Stocks diverge as investors weigh earnings, Trump policies

Global stock markets were pulled in different directions on Friday as investors weighed corporate earnings, economic data and US President Donald Trump's policies.

Beached whales: Airbus grounds its massive Beluga cargo flights

European aerospace giant Airbus confirmed Friday that it was shutting down its speciality freight business using colossal Beluga jets, resulting in the loss of 75 jobs.

IMF chief tells Europe to take page out of US book

With the European economy lagging behind the United States, the head of the International Monetary Fund had a piece advice for the continent on Friday: "Believe in yourself."

Saudis showcase charm offensive in Davos

Two buildings branded "Saudi House" and "Saudi At Davos" stand out on the chic main street of the Swiss Alpine village hosting the World Economic Forum, showcasing the kingdom's growing presence at major international events.

Maltese businessman accused in journalist's murder granted bail

A Maltese businessman behind bars for five years for alleged involvement in the murder of the investigative journalist Daphne Caruana Galizia was granted bail Friday, even as he continues to await trial.

Kazakhstan delays release of Azerbaijan plane black box data

The publication of the black box data from an Azerbaijani plane that crashed in Kazakhstan last month has been delayed, a Kazakh official said Friday, after Azerbaijan accused Russia of shooting the airliner.

France asks EU to delay rights, environment business rules

France on Friday asked the European Union to suspend "indefinitely" landmark new rules on environmental and human rights supply chain standards, saying they were too burdensome for businesses.

Troubled Burberry shows sign of recovery despite sales drop

British fashion house Burberry announced Friday a further decline in sales, hit by weak demand in China, but the troubled group is showing signs of recovery under new leadership.

Italy's Monte dei Paschi bids 13.3 bn euros for Mediobanca

Italian bank Monte dei Paschi di Siena said Friday that it was launching a bid for its larger rival Mediobanca in a potential 13.3 billion euro ($13.9 billion) deal that could help reshape the country's banking sector.

How the Taliban restrict women's lives in Afghanistan

The Taliban authorities that rule Afghanistan have imposed a severe interpretation of Islamic law on the population, heavily restricting all aspects of women's lives.

Bank of Japan hikes interest rate to 17-year high, boosts yen

The Bank of Japan increased interest rates on Friday to their highest in 17 years and signalled more hikes to come, sending the yen higher against the dollar.

Catalonia eyes reversal of business exodus after big bank returns

Spanish business circles believe banking giant Sabadell's decision to return its headquarters to Catalonia will entice back the thousands of firms that fled after the region's botched 2017 independence bid.

Tajikistan launches crackdown on 'witchcraft' and fortune-telling

In a block of flats in Tajikistan's capital Dushanbe, a turbaned woman cautiously opened the door of her apartment a chink, letting out a waft of incense.

Bank of Japan hikes interest rate to 17-year high, signals more

The Bank of Japan hiked interest rates on Friday to their highest level in 17 years and signalled more were in the pipeline despite fears of turmoil under US President Donald Trump.

Asian markets build on Trump rally, yen climbs after BoJ cut

Asian markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen strengthened after a widely expected interest rate hike by the Bank of Japan.

Asian markets build on Trump rally, yen steady ahead of BoJ

Asian markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike by the Bank of Japan later in the day.

Fear in US border city as Trump launches immigration overhaul

Venezuelan Josnexcy Martinez, who is staying at a shelter in a Texas border city, said she's afraid of getting swept up in a raid targeting migrants even though she entered the country legally.

242 mn children's schooling disrupted by climate shocks in 2024: UNICEF

Extreme weather disrupted the schooling of about 242 million children in 85 countries last year -- roughly one in seven students, the UN children's agency reported Thursday, deploring an "overlooked" aspect of the climate crisis.

US Republicans pressure Democrats with 'born-alive' abortion bill

US House Republicans approved a bill on Thursday that would ensure medical care for infants born alive during abortion procedures, in a vote largely labeled a gimmick by Democrats since such laws already exist.

Volkswacht Bodensee - Economy (English)