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Featured

World Bank to phase out lending to China by 2031

The World Bank will phase out its lending to China by 2031, according to the organization's new country partnership framework, a source familiar with the matter told AFP on Tuesday.

No corn dogs? Trump's 'Great American State Fair' threatens to be a flop

Deserted booths, sparse crowds and prayer tents. Welcome to the Great American State Fair, where a celebration of the country's 250th birthday has morphed into a new political battlefront.

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Most Asian markets extend losses as Trump fears build

Asian markets fell again Wednesday as traders fret over the impact of Donald Trump's presidency on the Chinese and global economies, with fears that his policies could also reignite US inflation.

7-Eleven owner announces counter-bid to foreign buyout

The Japanese owner of 7-Eleven said Wednesday its founding family had offered a counter-bid to a takeover attempt by Canadian convenience store rival Alimentation Couche-Tard (ACT).

7-Eleven owner considers going private to avoid foreign buyout: reports

The Japanese owner of 7-Eleven is considering going private by buying back its own shares in a bid to avoid a takeover by Canadian rival Couche-Tard, reports said on Wednesday.

German lithium plant hopes to turbo-charge Europe's EV makers

Electric vehicles need batteries, and most batteries are made with lithium, a critical material European automakers are chasing as they face tough competition from China.

Asian markets extend losses as Trump fears build

Asian markets fell again Wednesday as traders fret over the impact of Donald Trump's presidency on the Chinese and global economies, with fears that his policies could also reignite US inflation.

New push for EU-South America trade deal despite French fury

A controversial trade deal between the EU and South America's Mercosur bloc is back in the spotlight with rekindled optimism that the two sides could conclude an agreement before the year is over.

Aga Khan emerald fetches record $9 mn in Geneva auction

A rare square 37-carat emerald owned by the Aga Khan fetched nearly nine million dollars at auction in Geneva on Tuesday, making it the world's most expensive green stone.

Leaders urge climate action -- and defend fossil fuels -- at COP29

Leaders of nations beset by climate disasters appealed Tuesday at the COP29 summit for greater urgency in fighting global warming, while others defended fossil fuels and their right to exploit them.

Trump tariff worries trip up stocks rally, dollar climbs

A stocks rally following Donald Trump's re-election lost steam Tuesday on worries of a possible trade war between China and the United States, analysts said.

Trump tariff worries trip up stocks rally

A stocks rally following Donald Trump's re-election lost steam Tuesday on worries of a possible trade war between China and the United States, analysts said.

Nuclear watchdog chief says room to manoeuvre on Iran 'shrinking'

The head of the United Nations nuclear watchdog warned Tuesday that "the margins for manoeuvre are beginning to shrink" on Iran's nuclear programme ahead of an important trip to Tehran.

Bayer shares hit 20-yr low as problems pile up

Bayer's shares plunged to a 20-year low Tuesday after the German chemicals giant cut its earnings outlook and posted a worse-than-expected loss on woes related to its troubled agrochemicals division.

Spain PM accused of 'blackmail' by tying budget to flood aid

Spain's minority left-wing government wants to galvanise its deadlocked 2025 draft budget by linking it to urgent reconstruction funds following devastating floods, sparking "blackmail" accusations from the conservative opposition.

Lineker to leave Match of the Day after 26 years

Former England football captain Gary Lineker will step down as host of the BBC's flagship Match of the Day highlights show at the end of the season, the broadcaster confirmed on Tuesday.

Environment groups lose appeal in Shell climate case in the Netherlands

Dutch judges ruled Tuesday against an appeal by climate groups who said oil giant Shell was not doing enough to curb its greenhouse gas emissions, striking down a landmark judgement three years ago.

South Korea prosecutors indict controversial American streamer

Controversial YouTuber and Twitch streamer Johnny Somali has been indicted for "causing a commotion" at a convenience store in South Korea, prosecutors said on Tuesday.

Asian markets drop as Trump worries kick in after China disappoints

Asian markets sank Tuesday as worries about the impact of a possible trade war between China and the United States when Donald Trump takes office, which compounded disappointment about Beijing's lack of extra measures to boost its stuttering economy.

Dutch court to rule in Shell climate appeal

Dutch judges will on Tuesday rule on an appeal by oil giant Shell against a landmark judgement binding it to reduce carbon emissions, which climate activists say it has not implemented.

Nintendo courts non-gamers in 'about-turn' strategy

Once confined to rectangular screens, chirpy plumber Mario and pointy-eared Princess Zelda are popping up in theme parks and toy stores as Nintendo goes all out to win non-gamer fans.

New Zealand delivers landmark apology to survivors of state abuse

New Zealand's prime minister delivered a historic apology Tuesday to victims abused in state care, acknowledging the "unimaginable pain" suffered within children's homes and psychiatric hospitals.

China's largest air show takes off with fighter jets, attack drones

Stealth fighter jets and attack drones took centre stage as China's largest air show officially opened on Tuesday, an opportunity for Beijing to showcase its growing military might to potential customers and rivals alike.

Asian markets stutter with focus on China as Trump picks team

Traders struggled Tuesday to bounce back from the previous day's losses in most markets sparked by disappointment over China's economic support measures, while keeping tabs on the United States as president-elect Donald Trump builds his cabinet.

Bees help tackle elephant-human conflict in Kenya

"We used to hate elephants a lot," Kenyan farmer Charity Mwangome says, pausing from her work under the shade of a baobab tree.

Australia moves to keep its banks in the Pacific

Australia will move to stem the exodus of its banks from the Pacific Islands, the country's top economic official said, as concerns mount that China could bolster its influence by filling in the gaps.

Italy and Lufthansa reach deal on ITA Airways stake

The Italian government and Lufthansa reached a deal on the sale of a stake in flag carrier ITA Airways to the German airline, Rome announced Monday evening, hours before a midnight deadline to present the agreement to European regulators.

Pharrell Williams kicks off Web Summit tech event

One of Europe's biggest tech events, Web Summit, launched on Monday in Lisbon with pop superstar Pharrell Williams among those taking to the stage.

Peru's Chancay: China's megaport of entry to South America

Huge cranes loom over Peru's massive new Chinese-funded Chancay port, a symbol of Beijing's growing influence in South America which is set to be inaugurated by President Xi Jinping on Thursday.

Lindt melted own 'excellence' claim in US lawsuit: reports

In a bid to dodge a US lawsuit, Swiss chocolatier Lindt & Sprungli has scuppered its own claims about the excellence of its products -- a cornerstone of its marketing strategy.

'London's best-kept secret': UK's largest wholesale market turns 50

By the time most Londoners had rolled out of bed on Monday morning, Gary Marshall was already winding down for the day at New Covent Garden Market.

Mauritius prime minister concedes election defeat

The Mauritius opposition appeared to be headed for victory in legislative elections after Prime Minister Pravind Jugnauth on Monday conceded defeat.

China says to impose anti-dumping measures on EU brandy

China said Monday it will impose "temporary anti-dumping measures" on brandy imported from the European Union, deepening a trade standoff between Beijing and Brussels after similar measures last month.

Mauritius awaits results of tense election race

Mauritians are set to find out Monday who will govern their Indian Ocean island nation for the next five years after a hotly disputed election race.

Volkswacht Bodensee - Economy (English)