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Struggling German auto supplier Continental to sell unit

German auto supplier Continental announced Saturday a four-billion-euro ($4.6-billion) deal to sell a division to a US investment group, the latest move in a major restructuring.

Mass protests in Germany as far-right AfD meets

Thousands of demonstrators flooded a German city on Saturday, blocking major roads and disrupting public transport, in a bid to shut down the annual congress of the far-right AfD party.

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Asian stocks struggle to track Wall St higher, earnings in focus

Asian markets mostly fell Friday as traders struggled to build on Wall Street's positive lead, with hopes for a June interest rate cut fading, while earnings season gets underway in the United States amid optimism for companies' profit outlooks.

Biden campaign pounces on Republican abortion controversy

President Joe Biden vowed to "fight like hell" for women's reproductive rights in a reelection ad Thursday, as his team pounced on the backlash to a Republican-backed decision all but outlawing abortion in the swing state of Arizona.

Apple to fix 'bug' behind Palestinian flag emoji suggestions

Apple on Thursday promised it would stop a Palestinian flag emoji from being suggested to some iPhone users when they type "Jerusalem" in messages.

Sam Bankman-Fried appeals fraud conviction, 25-year jail term

Fallen cryptocurrency wunderkind Sam Bankman-Fried has appealed his federal conviction and 25-year jail sentence in a sweeping fraud case, according to a legal filing made public Thursday.

FIFA president urges fight against racism in football

FIFA president Gianni Infantino called Thursday for a concerted fight against pervasive racism in international football.

French PM, Trudeau defend Canada-EU trade pact

Prime Ministers Gabriel Attal of France and Canada's Justin Trudeau on Thursday defended a trade pact between Canada and the European Union whose ratification has been stymied in France's legislature.

Report links H&M, Zara to environmental destruction in Brazil

Fast fashion giants H&M and Zara have used cotton from farms linked to massive deforestation, land-grabbing, corruption and violence in Brazil, a report by the environmental group Earthsight said Thursday.

Equities struggle despite ECB rate signal as data disappoints

Wall Street stocks were mixed Thursday as data showed further inflationary pressures in the United States, while a signal by the ECB of a likely interest rate cut in June failed to pull eurozone stocks into the green.

ECB opens door to June rate cut after another pause

The European Central Bank said Thursday slowing inflation could open the door to a loosening of monetary policy, fuelling hopes of a first interest rate cut in June, after holding borrowing costs steady again.

Aston Martin to make petrol cars 'for as long as allowed'

British luxury carmaker Aston Martin Lagonda will continue to produce traditional combustion-engine vehicles for as long as legally possible, its boss told UK media this week.

'Robust' US has helped improve global economic outlook, IMF chief says

Strong growth in the United States has helped to lift the outlook for the world economy, but more needs to be done to stem a slide in productivity, the head of the IMF said Thursday.

ECB freezes rates again, but hints at cuts to come

The European Central Bank held interest rates steady again Thursday but said slowing inflation could open the door to easing monetary policy, raising hopes of a first cut in June.

Equities mostly fall on hot US inflation before ECB

Asian and European stock markets mostly fell Thursday before the European Central Bank's latest interest rate decision, after hotter-than-expected US inflation dented hopes for Federal Reserve rate reduction any time soon.

Chinese factory shreds wedding photos for fuel

At a dusty warehouse in northern China, Liu Wei feeds photos of beaming bridal couples into an industrial shredder -- turning stories of heartbreak into a source of electricity.

Polish lawmakers begin debate to scrap near-total abortion ban

Poland's parliament on Thursday will open a long-awaited debate on liberalising abortion laws in the majority Catholic country, with splits in the ruling coalition suggesting an uncertain outcome.

Russian rocket lifts off at third attempt

A Russian rocket blasted off for a test flight on Thursday at the third try, after previous launch attempts earlier this week were aborted in the final seconds of countdown.

Vietnam property tycoon sentenced to death in multi-billion dollar fraud case

A top Vietnamese property tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages.

Asian markets mostly fall as US inflation data dims rate cut hopes

Most Asian markets edged down Thursday after forecast-topping US inflation dealt a blow to hopes for a June interest rate cut and forced traders to re-evaluate the outlook for monetary policy, with a warning that the next move could even be a hike.

Reigning Hollywood studio Universal brings 'Wicked' to movie summit

Universal Pictures was crowned Hollywood's top studio last year, dethroning Disney at the box office for the first time in nearly a decade with a string of mega-hits like "The Super Mario Bros. Movie" and the Oscar-winning "Oppenheimer."

Vietnam property tycoon faces verdict in multi-billion dollar fraud case

A top Vietnamese property tycoon faces a potential death sentence Thursday as she and her co-accused await verdicts in one of the biggest corruption cases in history, with an estimated $27 billion in damages.

Lawmakers skewer EU chief over contested job pick

European lawmakers will cast votes Thursday on a contested appointment to a plum Brussels job, with Ursula von der Leyen suspected of playing favourites to aid her own re-election as commission chief.

Bitcoin miners face survival test in 'halving'

Miners of bitcoin will soon face a halving of the reward for operating the most popular cryptocurrency, in a pivotal event that is a test of survival, industry commentators say.

Germany's Scholz between tough talk and trade on China trip

Chancellor Olaf Scholz travels to China this weekend, walking a fine line in shoring up economic ties with Germany's biggest trading partner at a time when the West is sharpening its tone towards Beijing.

ECB seen holding interest rates one last time

The European Central Bank is expected to freeze its key interest rate at a record high again Thursday but pave the way for a first cut in June as inflation eases.

Japanese astronaut to be first non-American to set foot on Moon

A lucky Japanese astronaut will become the first non-American to set foot on the Moon during one of NASA's upcoming Artemis missions, US President Joe Biden announced Wednesday.

Panama plans dry alternative to drought-hit canal

Panama on Wednesday unveiled plans for a "dry canal" to move cargo between the Pacific and Atlantic oceans due to low water levels in its century-old maritime channel.

EU passes measures to better certify carbon storage

The European Parliament Wednesday adopted a certification scheme that could allow farmers to benefit from carbon captured in their soils but which alarms climate activists.

US Fed officials raised inflation concerns, but still expected rate cuts in 2024: minutes

US Federal Reserve officials raised concerns at their March interest rate meeting about the recent "broad-based" rise in inflation, but still said they expected cuts to start this year, according to minutes of the meeting published Wednesday.

EU parliament adopts contentious asylum law reform

The EU parliament on Wednesday adopted a contentious reform of Europe's asylum policies that will harden border procedures and force all the bloc's 27 nations to share responsibility.

Delta eyes record Q2 on still-strong demand

Delta Air Lines reported another round of strong earnings on Wednesday as it forecast a record second quarter based on consistently strong travel appetite.

Hot US inflation data hammers Wall Street stocks

Wall Street stocks slumped Wednesday after data showed US consumer inflation continued to accelerate last month, reducing the chances of an early interest rate cut from the Federal Reserve.

Joy, relief as Senegal ferry link with isolated south reopens

A ferry service between Senegal's capital and the isolated southern Casamance region has resumed to the joy and relief of many who said its months-long suspension had cost them dearly.

Volkswacht Bodensee - Economy (English)