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Featured

Two dead after ship catches fire, sinks in Black Sea

Two crew died and 11 were rescued on Monday after a fire broke out on a ship in the Black Sea which later sank, Romanian authorities said.

STARCARES Equips Seven Foster Homes for Children and Young People in Tanzania

The initiative with Kijana Kwanza furnishes seven family-style homes for up to 250 beneficiaries in Tanzania.

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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.

Contentious reform of EU asylum laws put to vote

EU lawmakers on Wednesday voted on a contentious reform of Europe's asylum policies that would harden border procedures and force all the bloc's 27 nations to share responsibility.

Hot US inflation data hammers equities

Wall Street stocks plunged at the start of trading on 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.

New Binance chief stresses importance of compliance

The new CEO of the world's top crypto platform stressed the importance of regulatory compliance for Binance's future success, months after its former chief executive pleaded guilty to violating US anti-money laundering laws and it paid $4.3 billion to settle charges.

'World of Warcraft', other top games to return to China

"World of Warcraft" is returning to China this summer, its developer and local partner said Wednesday, more than a year after dismayed devotees saw the hugely popular video game and other titles pulled from the market in a contract dispute.

Red-hot cocoa price melts profit at top chocolate-maker

Barry Callebaut, the world's biggest supplier of chocolate to the food industry, said Wednesday that the surge in global cocoa prices had chipped away at profits.

German group mulls remote-controlled ships to fix skipper shortage

With the flow of new recruits into the seafaring sector drying up, a German company is exploring a potentially revolutionary measure -- sending ships off without a captain on board.

Fitch downgrades China sovereign credit outlook on debt fears

Ratings agency Fitch said Wednesday it had downgraded China's sovereign credit outlook to negative, citing increased risks to the country's public finances, in a move Beijing swiftly called "regrettable".

Landmark EU asylum reform goes to vote

EU lawmakers will vote Wednesday on a vast overhaul of the bloc's asylum policies that would harden border procedures for irregular arrivals and require all member countries to pitch in.

Egypt's women rappers fight for place in rising scene

Egyptian rapper Dareen is a whirlwind of sharp verses and curly hair on stage, bringing the Cairo crowd to its feet and a fresh perspective to Egypt's male-dominated rap scene.

Most Asian markets rise as traders jockey ahead of US inflation

Equities mostly rose in Asia on Wednesday following a tepid day on Wall Street, with investors lasering in on the release of crucial US inflation data that could have a huge bearing on the outlook for interest rates.

Top games including 'World of Warcraft' to return to China

Popular video games including "World of Warcraft" will return to China this summer, US developer Blizzard and local partner NetEase said Wednesday, over a year after a contract dispute pulled them from the market leaving millions of fans bereft.

From homeless addict to city chief: the unusual journey of Canadian mayor

Dan Carter once was a drug addict living on the streets, but now runs a Canadian city and draws from his darkest times to tackle a housing crunch and an addiction crisis.

US stocks end mostly up ahead of key inflation data

Wall Street stocks finished mostly higher Tuesday ahead of key US inflation data as markets grapple with a shifting outlook for monetary policy.

Arizona top court upholds 1864 near total abortion ban

The top court in Arizona on Tuesday ruled a 160-year-old near total ban on abortion is enforceable, thrusting the issue to the top of the agenda in a key US presidential election swing state.

Volkswacht Bodensee - Economy (English)