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Featured

Mass protests in Germany fail to stop far-right AfD congress

Tens of thousands of demonstrators flooded a German city on Saturday, blocking major roads and disrupting public transport, but failed to halt a congress of the far-right AfD party.

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.

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Unilever eyes ice cream float in Amsterdam

British consumer goods giant Unilever is mulling an Amsterdam stock market flotation for its ice cream division, whose top-selling products include Ben & Jerry's and Magnum, according to CEO Hein Schumacher.

Karl Lagerfeld's Paris apartment sold for 10 millions euros

The futuristic Paris apartment of late fashion designer Karl Lagerfeld sold for 10 million euros ($10.8 millon) at auction on Tuesday, its notary said.

Baltimore residents shocked by bridge collapse

At the gas station convenience store where she works in the Baltimore area, Patricia Sisk regularly encounters harried commuters and stressed-out parents in the early morning hours.

BYD: Chinese electric vehicle giant with surging profits

China's BYD posted a record annual profit for 2023 on Tuesday, just months after surpassing Tesla to become the world's leading electric vehicle seller.

BBC eyes funding reform as further cuts loom

The BBC is looking at reforming its main source of funding in the light of a government freeze and inflationary pressures, director-general Tim Davie said on Tuesday.

Europe space telescope's sight restored after de-icing procedure

The vision of the Euclid space telescope has been restored following a delicate operation that successfully melted a thin layer of ice that had been clouding its sight, the European Space Agency announced on Tuesday.

Social media forces British royal family to adapt

Britain's royal family has been forced to radically change the way it communicates because of social media, after speculation ran riot about the health of Catherine, Princess of Wales.

'Hell and hope': How anti-system newcomer won Senegal's presidency

Hunched in his market workshop in a northern Dakar suburb, Cheikh Lo recounted why he had pinned all his hopes on Senegal's anti-establishment president elect Bassirou Diomaye Faye.

Ukraine ready to licence farm exports to assuage Poland: minister

Ukraine is ready to introduce export licences for its agricultural products to help address farmer anger in Poland, its agriculture minister told AFP, adding that he was "disappointed" by EU curbs on those goods.

Stock markets mostly rise before US data

European and Asian stock markets mostly rose and the dollar fell Tuesday ahead of US consumer data that could make clearer the outlook for interest rates in the world's top economy.

Big tech told to identify AI deepfakes ahead of EU vote

The EU called on Facebook, TikTok and other tech titans on Tuesday to crack down on deepfakes and other AI-generated content by using clear labels ahead of Europe-wide polls in June.

Strike-hit German rail operator agrees to 35-hour week

German rail operator Deutsche Bahn said on Tuesday it had agreed with the GDL union to shorten train drivers' working week, ending a months-long row that caused strikes across the country.

French deficit worsens to 'very rare' level

France's budget deficit overshot forecasts in 2023, official figures showed Tuesday, undermining President Emmanuel Macron's pledge to bring national finances back on track within the next four years.

Spain takes stake in Telefonica after Saudi deal concerns

Spain's government has acquired a three-percent stake in telecoms giant Telefonica following concerns over a Saudi firm taking a piece of a company that Madrid considers strategically important.

China says issued 'strong' complaint over Western hacking claims

China said it had issued a "strong" rebuke to the United States on Tuesday after Washington and two key allies accused Beijing of being behind a series of hacks into lawmakers and key democratic institutions.

Plunging births push Japanese diaper maker to switch to adult market

Japan's plummeting birth rate has led a diaper manufacturer to stop making them for babies at home and instead ramp up production for adults, the company said Tuesday.

Asian markets mixed as traders weigh US rate outlook

Asian stocks were mixed Tuesday as traders weighed the outlook for US interest rates ahead of the release of a key inflation reading.

Swiss chocolatiers bank on the Easter bunny as cocoa costs soar

Swiss chocolatiers have a battle on their hands as Easter rolls around, with surging cocoa prices sending their costs soaring and consumers cutting back as inflation hits their pockets.

Asian markets fluctuate as traders weigh US rate outlook

Asian stocks swung through the morning session Tuesday as traders weighed the outlook for US interest rates ahead of the release of a key inflation reading.

Ousted WeWork co-founder bids to buy company: reports

Ousted WeWork co-founder Adam Neumann recently bid more than $500 million to buy back the struggling office-sharing group, according to media reports Monday.

Senegal presidency winner says he is 'break' from establishment

Anti-establishment candidate Bassirou Diomaye Faye said Monday that Senegal's people had chosen to "break" with the current political system as he was set to become the youngest president in the country's history.

Geopolitical tensions boost oil prices on mixed day for global equities

Global stocks were mixed Monday, while oil prices advanced as escalations between Moscow and Ukraine raised questions over Russian oil production.

Deutsche Bahn and train drivers reach deal in wage dispute

Germany's Deutsche Bahn rail operator and the GDL train drivers' union have reached a deal in a wage dispute that has caused months of crippling strikes in the country, the union said on Monday.

Iraq Central Bank says regulated dollar transactions rising

Iraq, fighting a booming currency black market, has considerably increased overseas dollar transactions through the official global SWIFT system, the Central Bank vice governor said on Monday.

Geopolitical tensions boost oil, weigh on equities

Geopolitical tensions sent oil prices climbing and weighed on equities on Monday as investors also continued to worry about prospects for interest rate cuts amid stubbornly-high inflation.

Boeing CEO to exit as safety concerns mount

Boeing announced Monday a leadership shakeup headlined by the departure of CEO Dave Calhoun as the aviation giant faces heavy scrutiny following safety incidents and manufacturing issues.

Brazil's Indigenous people turn to EU to save their savanna

An EU law banning deforestation-derived products comes into effect at the end of 2024, but for Brazilian Indigenous people it contains an unbearable loophole: the Cerrado, Brazil's vast wooded savanna, is excluded from its scope.

UK court set to issue Julian Assange extradition ruling

WikiLeaks founder Julian Assange will find out Tuesday whether he can mount a final UK legal bid to challenge his extradition from Britain to the United States, court listings showed.

Senegal anti-establishment candidate wins presidency after rival concedes

Senegal's anti-establishment candidate Bassirou Diomaye Faye is set to become president after his main rival on Monday recognised his victory in elections that came barely days after he was freed from prison.

UK PM Sunak promises action against Chinese cyberattacks

Prime Minister Rishi Sunak said on Monday the UK would do what was necessary to protect itself from a cyberattack by China, as Beijing-linked hackers were expected to be accused of recent security breaches.

Sales of new US homes edge down unexpectedly in February

US new home sales ticked down surprisingly in February, according to government data released Monday, after January's rate was revised higher.

Spain not a racist country, says Carvajal before Brazil friendly

Spain defender Dani Carvajal said Monday his country was not racist ahead of a friendly against Brazil arranged to support the fight against racism.

Volkswacht Bodensee - Economy (English)