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Featured

Kenya's abortion taboo is killing thousands of women

Kenya has one of the highest abortion rates in the world, yet US and religious pressure means the government is afraid of discussing the issue -- a combination that causes thousands of maternal deaths, according to figures from the African Population and Health Research Centre (APHRC).

Chinese investors flock to Hong Kong as trading curbs tighten

Soon after disembarking at Hong Kong's train station, Chinese private investor Feng was opening a stock trading account at a nearby brokerage, hoping to evade tighter restrictions on capital leaving the country.

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Bank of Japan to scale down huge bond-buying programme

The Bank of Japan on Friday said it would reduce its vast hoard of government bonds as it cautiously steps away from its long-running ultra-loose monetary policy.

G7 summit turns to simmering tensions with China

G7 leaders turn their attention to China on Friday on the second day of an Italy summit, with a focus on how to protect their industries while avoiding an outright trade war with Beijing.

IMF board approves Argentina payout of almost $800 mn

The IMF executive board voted Thursday to approve a payout of almost $800 million for Argentina as it continues a program of drastic economic reforms under its libertarian president, Javier Milei.

Microsoft faces heat from US Congress over cybersecurity

Members of US Congress on Thursday pressed Microsoft to explain a "cascade of avoidable errors" that allowed a Chinese hacking group to breach emails of senior US officials.

Argentine monthly inflation lowest in 2.5 years

Monthly inflation in economically troubled Argentina came in at 4.2 percent in May, the lowest in two-and-a-half years, mainly due to a drop in consumption, the INDEC statistics agency said Thursday.

European bourses fall amid political unease; Nasdaq ends at new record

Stock markets mostly retreated on Thursday as traders reacted to political uncertainty in Europe and the US Federal Reserve's plan to only cut interest rates once this year.

Bond-buying in focus as Bank of Japan decides policy

The Bank of Japan is expected to hold interest rates steady on Friday but reports said it could gradually reduce its vast hoard of government bonds as it shifts away from a long-running ultra-loose monetary policy.

Boeing rebuts US assertion of possible MAX prosecution, meeting deadline

Boeing has officially contested a Department of Justice determination that the passenger plane giant can be prosecuted for violating a criminal settlement following two fatal 737 MAX crashes, a person familiar with the matter told AFP Thursday.

G7 leaders agree $50 billion loan for Ukraine

G7 leaders agreed Thursday on a new $50 billion loan for Ukraine using profits from frozen Russian assets, support that was welcomed by President Volodymr Zelensky -- though he emphasised the need for more weapons.

LVMH, Accor team up to develop Orient Express brand

French hotel group Accor and luxury goods giant LVMH said Thursday they had entered into a "strategic partnership" to develop the fabled Orient Express brand.

Stocks fall after US Fed rate cut plans

Stock markets mostly retreated on Thursday as traders reacted to political uncertainty in Europe and the US Federal Reserve's plan to only cut interest rates once this year.

Russians shrug off sanctions on dollar, euro trading

Russians on the streets of the capital shrugged off new US sanctions on dollar and euro trading Thursday, claiming they had no need for Western currencies in their heavily targeted economy.

Stocks diverge after US Fed rate cut plans

Stock markets diverged on Thursday as traders reacted to the US Federal Reserve's plan to only cut interest rates once this year.

G7 tussels over abortion as Italy accused of attacking rights

The US pushed back hard Thursday against a reported attempt by Italy to water down a G7 leaders' declaration on abortion by removing a reference to "safe and legal" terminations.

UK's Labour pitches for power with 'wealth creation' pledge

Britain's Labour party launched a "manifesto for wealth creation" Thursday, pledging to get the economy firing again if it wins power in next month's election after 14 years in opposition.

European stock markets falter

European stock markets faltered Thursday following mixed showings by Asia and on Wall Street, as traders reacted to US Federal Reserve signals that it plans only one interest-rate cut this year.

Russian stock market suspends dollar trades after US sanctions

Russia's main stock exchange halted dollar and euro trades on Thursday after the United States hit Moscow with a new package of sanctions over its military offensive in Ukraine.

G7 to agree $50-bn Ukraine loan at Italy summit

G7 leaders were set to agree on a new $50-billion loan for Ukraine as they gathered Thursday for a summit in southern Italy, using the profits from frozen Russian assets.

Why are Chinese electric cars in EU crosshairs?

The European Union said this week it would slap additional tariffs of up to 38 percent on Chinese electric cars from next month after an anti-subsidy probe.

Musk says Tesla shareholders voting for his pay package by 'wide margins'

Tesla CEO Elon Musk said late Wednesday that the electric vehicle company's shareholders were voting to approve his multibillion-dollar pay package by "wide margins" before the ballot had been concluded.

Asian stocks build on Wall St records after US inflation data

Asian traders extended a rally across world markets Thursday as they welcomed figures showing US inflation slowed further last month, tempering concerns about the Federal Reserve's forecast of just one interest rate cut this year.

G7 eyes Ukraine funding plan at Italy summit

G7 leaders gather Thursday for the first day of an Italy summit, seeking to seal a deal on using frozen Russian assets to help war-torn Ukraine.

Tesla in last-minute shareholder sprint for huge Musk pay package

Electric vehicle company Tesla kept up the campaign to win last-minute votes ahead of a Thursday shareholder meeting that will weigh in on CEO Elon Musk's giant compensation package.

'Hurricane hunters:' calm science pilots in eye of the storm

When Hurricane Sally slammed coastal Florida in 2020, US pilot Dean Legidakes was aboard a scientific aircraft flying directly into the storm's core.

US Fed holds interest rates, now sees just one cut this year

The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March after inflation stalled in the first quarter.

S&P 500, Nasdaq at records despite Fed seeing fewer rate cuts in 2024

European and US stocks mostly rose Wednesday after data showed US inflation slowed in May, with Wall Street indices holding onto records even after the Federal Reserve projected fewer interest rate cuts in 2024.

Transgender swimmer Lia Thomas loses legal case over ban

US transgender swimmer Lia Thomas has had a legal case against World Aquatics dismissed by the Court of Arbitration for Sport, swimming's governing body said on Wednesday.

Argentine police pepper spray protesters opposed to Milei reforms

Argentine police used pepper spray Wednesday on demonstrators outside Congress, where lawmakers debated a swath of liberalizing reforms proposed by budget-slashing President Javier Milei.

US Fed holds rates and pencils in just one cut this year

The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March.

Ford says to cut 1,600 more jobs at Valencia factory

US carmaker Ford on Friday said it would seek to cut another 1,600 jobs at its factory near Valencia in eastern Spain, where it already axed 1,100 positions last year.

'Flying taxis' to be tested during Paris Olympics: minister

France's transport minister said Wednesday that so-called "flying taxis" -- large futuristic drones capable of transporting several people -- would be authorised for use on an experimental basis during the Paris Olympics.

FedEx to cut up to 2,000 jobs in Europe

FedEx will eliminate up to 2,000 jobs in Europe as part of a cost-cutting drive in response to lackluster demand, the shipping company announced Wednesday.

Volkswacht Bodensee - Economy (English)