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Featured

Mixed US auto sales in 2nd quarter amid high gas prices

Automakers reported a mixed batch of second-quarter US sales on Wednesday, revealing continued demand for trucks and large models despite rising gasoline prices due to the US-Iran war.

US Fed chair says committed to combatting 'too high' prices

US Federal Reserve Chair Kevin Warsh said Wednesday the central bank was committed to fighting "too high" prices, as inflation fuelled by the US war on Iran surges through the world's largest economy.

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'A man provides': Ukrainian miners send families away as Russia advances

Yury Kozynets embraced his wife Alyona Gladkaya in front of the evacuation bus, just before it separated them, whisking her away from the under-fire Ukrainian city of Pokrovsk.

EU states greenlight extra tariffs on EVs from China

EU countries on Friday gave a definitive green light to hefty additional tariffs on electric cars made in China, despite strong opposition led by Germany and fears it will spark a trade war with Beijing.

Hong Kong stocks resume rally, oil dips after Middle East-fuelled surge

Hong Kong stocks resumed their China-fuelled rally Friday on a broadly positive day for Asian markets while oil prices stabilised after soaring on fears about the Middle East crisis as investors await Israel's response to Iran's missile attack.

Crude stable after Israel-Iran surge, Hong Kong stocks resume gains

Oil prices stabilised Friday after soaring on fears about the Middle East crisis as investors await Israel's response to Iran's missile attack, while shares in Hong Kong resumed their rally on a mixed day for equity markets.

US dockworkers to head back to work after tentative deal

US dockworkers will return to work after a three-day strike at East and Gulf Coast ports after the union and port operators reached a tentative deal on pay and extended the current contract to January 15, both sides said Thursday.

Dockers end three-day strike at Montreal port

Dockworkers at the port in Montreal, the second-largest in Canada, ended a partial three-day strike as scheduled on Thursday, officials confirmed, with both sides summoned to mediation.

Israel-Hamas war causes 86-percent dive in Gaza GDP: IMF

A year of conflict between Israel and Hamas has resulted in a "devastating impact on the economy" in the occupied West Bank and Gaza, the IMF said Thursday, including a nearly 90 percent drop in Gaza's GDP.

Oil prices jump, stocks fall on Middle East tensions

Oil prices surged and major stock markets mostly retreated Thursday as investors reacted to fears of widening conflict in the Middle East.

Biden says 'discussing' possible Israeli strikes on Iran oil facilities

President Joe Biden said he was discussing possible Israeli strikes on Iranian oil facilities, in comments that sent oil prices spiking Thursday just a month before the US presidential election.

Oil prices rise, stocks fall on Middle East tensions

Oil prices rose and major stock markets mostly retreated Thursday as investors reacted to fears of widening conflict in the Middle East and awaited a key US jobs report.

Oil rallies, stocks mostly retreat on Middle East tensions

Oil prices jumped and major stock markets mostly retreated Thursday as investors reacted to fears of widening conflict in the Middle East.

Phasing out teen smoking could save 1.2 mn lives: study

Banning the sale of tobacco to people born between 2006 and 2010 could prevent around 1.2 million deaths from lung cancer by the end of the century, said a modelling study released Thursday.

Japan PM slated to announce plans for 'happiness index'

Japan's Prime Minister Shigeru Ishiba will propose a new happiness index during his first parliamentary policy speech on Friday, local media have reported.

Turkish inflation falls less than expected in September at 49.4%

Turkish annual inflation slowed less than expected in September to 49.4 percent, official data showed Thursday, a figure which analysts said could disappoint central bank officials after a series of interest rate hikes.

Easing inflation lifts profit at UK supermarket Tesco

Supermarket group Tesco, Britain's biggest retailer, said Thursday that net profit gained in its first half as cost pressures eased for consumers and companies.

China wine industry looks to breed climate resilience

At a laboratory in Beijing, purple and green hybrid-species grapes are laid out on a board for testing, part of the strategy China's nascent wine industry is using to try to combat climate challenges.

Tokyo rallies on weak yen, Hong Kong drops after surge

Japanese shares rallied Thursday as the yen extended losses after the country's new prime minister dampened interest rate hike expectations, while Hong Kong fell for the first time in more than a week after a blistering China-fuelled surge.

Dutch airline KLM unveils 'firm' cost-cutting measures

Dutch airline KLM on Thursday announced a sweeping package of "firm" cost-cutting measures it hopes will lead to a boost in operating profits of around 450 million euros ($496 million) "in the short term."

Carpe diem: the Costa Rican women turning fish into fashion

On a beach in Costa Rica, as fishermen land the day's catch, two women are hard at work on a slimy sea bass skin, rubbing, scraping, washing and tanning the hide to turn it into leather.

Senegal looks to aquaculture as fish stocks dwindle

The Senegalese town of Kayar sits on the doorstep of the vast Atlantic Ocean, but it is a farm located further inland that provides part of its fish production.

Climate change, economics muddy West's drive to curb Chinese EVs

China's meteoric rise as the world's powerhouse of electric vehicle production makes Western efforts to curb their exports a tough sell -- and means they could even stifle the fight against climate change, analysts warn.

Argentina's Milei vetoes university budget after huge protests

Argentine President Javier Milei has made good on threats to veto proposed increases to university funding, with the measure made official early Thursday after a day of major student-led protests.

TotalEnergies plans to grow oil and gas production until 2030

French energy giant TotalEnergies has announced plans to increase its oil and gas production until 2030, as it seeks to reassure investors about its fundamentals.

Tokyo rallies on weak yen, Hong Kong reverses after surge

Japanese shares rallied Thursday as the yen extended losses after the new prime minister dampened interest rate hike expectations, while Hong Kong sank for the first time in more than a week after a blistering China-fuelled surge.

Tunisia readies for vote as incumbent Saied eyes victory

Tunisians head to the polls Sunday for a presidential election in which analysts say incumbent Kais Saied is poised for victory with his most prominent critics behind bars.

High childcare costs in US weigh on women's employment

Rising childcare costs in the United States are forcing many parents, often mothers, to work fewer hours or none at all -- fueling concern among voters who feel the pinch in today's economy.

Biden official urges talks as US port strike enters second day

US dockworkers picketed for a second day Wednesday, garnering support from other labor groups as the Biden administration urged shippers to boost their offer to end a damaging strike weeks before the presidential election.

Huge protests in Argentina over public university cuts

Several thousand Argentines joined major student-led protests in Buenos Aires on Wednesday over President Javier Milei's cuts to free university education.

Rally in oil prices loses steam on mixed day for global stocks

A rally in oil prices faded Wednesday as worries over Middle Eastern tensions appeared to recede somewhat while US stock indices eked out gains following solid US jobs data.

Biden official says port strike deal not as far as parties think

Shippers and striking US dockworkers are closer to agreeing on economic terms than they realize, Secretary of Transportation Pete Buttigieg said Wednesday.

Mixed US car sales in Q3 as industry hopes for post-election bounce

US automakers reported mixed US third-quarter sales, pointing to sluggish demand as consumers contend with affordability challenges and wait for lower interest rates to reach the car lending market.

Facing backlash, EU moves to delay deforestation rules

The European Commission on Wednesday proposed to delay by a year a ban on imports of products driving deforestation that has faced pushback from countries around the world.

Volkswacht Bodensee - Economy (English)