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Featured

Seoul dives on tough day for Asia as Samsung fails to ease tech woes

Seoul once again led losses in Asian stocks on Tuesday as chip giant Samsung tumbled despite an eye-watering rise in profit, stoking fears that the record-breaking, AI-fuelled rally might have reached the end of the road.

Samsung expects 1,800% operating profit leap on AI boom

South Korean technology giant Samsung Electronics forecast Tuesday a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.

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Ex-film director wins France's top literary prize

France's top literary prize, the Goncourt, was awarded Tuesday to former film director Jean-Baptiste Andrea for his novel "Veiller sur elle" ("Watch Over Her") set in Italy's dark fascist years.

Port workers join Tesla strike in Sweden

Workers at four Swedish ports blocked the loading and unloading of Tesla cars Tuesday in a growing strike movement over the US company's refusal to sign a collective wage agreement with mechanics.

Korean Air says 'strictly manages' radiation exposure after crew death ruling

Korean Air said Tuesday it "strictly manages" cosmic radiation exposure for its flight crew, after a landmark decision ruled an air steward's cancer death was akin to an industrial accident.

UBS posts first quarterly loss since 2017 on Credit Suisse costs

UBS posted a larger-than-expected loss in the third quarter on Tuesday, the first quarterly drop since 2017 as it integrates Credit Suisse after taking over its fallen Swiss banking rival.

China owed more than $1 trillion in Belt and Road debt: report

China is owed more than a trillion dollars through its Belt and Road project, making it the biggest debt collector in the world, a report said this week, with an estimated 80 percent of the loans supporting countries in financial distress.

Ohio to vote in latest post-Roe US abortion referendum

Ohio voters will choose Tuesday whether to enshrine abortion rights into the midwestern state's constitution in a vote that may well be a bellwether on an issue likely to dominate next year's US presidential race.

Asian markets take a breather after Fed rate pause rally

Asian markets turned negative Tuesday after their latest rally as high hopes the US Federal Reserve has finished hiking rates gave way to profit-taking.

Actors' union says no agreement on studios' 'final' offer

The union representing striking actors said Monday it could not agree to studios' "last, best and final offer" issued over the weekend in a bid to end a months-long stalemate that has crippled Hollywood.

Corporations fall short on implementing green agendas: report

Corporations are increasingly committed to green agendas, but a new report on Tuesday reveals that only one in 20 of over a thousand publicly listed companies have a detailed strategy for how they will reach their greenhouse gas targets.

OpenAI sees a future of AI 'superpowers'

ChatGPT maker OpenAI on Monday enticed developers with lower prices and the ability to easily tailor artificial intelligence "agents" to help with anything from laundry advice to contract negotiations.

British Steel green furnace switch sparks jobs warning

Chinese-owned British Steel on Monday launched plans to replace its coal-powered blast furnaces with electric technology that emits less pollution, but unions warned it would threaten up to 2,000 jobs.

UK permits 'world-first' flight powered by sustainable fuels

Britain's aviation regulator announced Monday it has issued Virgin Atlantic with a permit for a "world-first" transatlantic flight powered entirely by sustainable aviation fuels (SAF).

Don't get mad, just drink a glass of water, says pope

Pope Francis made a plug for peace Monday and shared practical advice with children from around the world, including Ukraine and the Palestinian Territories, as he welcomed thousands of youngsters to the Vatican.

Fans forgo facemasks as India's toxic smog clouds World Cup

The smog-choked Indian capital was ranked as the planet's most polluted major city on Monday, but the love of the game trumped health worries for fans at the cricket World Cup.

Europe stocks falter on weak data despite Asia rally

Europe's main stock markets faltered Monday as traders focused on concerns over weak economic data and the Middle East conflict, setting aside strong gains in Asia.

Ryanair rewards shareholders after profit soars

Irish no-frills airline Ryanair on Monday announced the start of regular dividends to shareholders after net profit surged 72 percent in its first half on higher fares and record traffic.

'Did you kill a Palestinian?': anti-West boycott sweeps Mideast

In a convenience store in Bahrain, 14-year-old Jana Abdullah carries a tablet as she shops, checking a list of Western brands to avoid as Israel pursues its war against Hamas.

Ohio abortion vote this week may ripple to 2024 US election

As the clock ticks down on a high-stakes vote in the US state of Ohio, activists are out in force urging voters to decide whether to explicitly enshrine the right to abortion in the state constitution.

Telecom Italia approves US fund's bid for network

Telecom Italia on Sunday approved an offer by US investment fund KKR for its fixed-line network, infuriating its main shareholder which vowed to contest the "illegal" decision.

Hamburg airport hostage-taker gives himself up

An armed father who took his four-year-old daughter hostage, forcing the suspension of flights at Hamburg airport, gave himself up "without resistance" on Sunday after hours of negotiations, German police said.

Father takes child hostage, halting flights at Hamburg airport

German police negotiators were Sunday trying to convince a father armed with a weapon and perhaps explosives to free his four-year-old daughter that he was keeping hostage at Hamburg airport, where flights were suspended, authorities said.

UK government defends proposals to restrict homeless tents

Britain's government on Sunday defended proposed legislation that aims to restrict charities from providing homeless people with tents, after facing fierce criticism.

Bleu Royal diamond set to dazzle in Geneva jewels sale

The exceptionally rare Bleu Royal gem is set to become one of the most expensive diamonds ever sold by auctioneers Christie's when it goes under the hammer on Tuesday.

Musk teases AI chatbot 'Grok,' with real-time access to X

Elon Musk on Saturday unveiled details of his new AI tool called "Grok," which can access X in real time and will be initially available to the social media platform's top tier of subscribers.

Russell Brand accused of sexual assault on set of 'Arthur' in 2010

British comedian and actor Russell Brand has been accused by an unnamed actress of sexually assaulting her during the filming of the film "Arthur" in 2010 in New York, according to court documents revealed Friday.

Donald Trump 'fired up' to testify in New York fraud case: son

Donald Trump's son Eric wrapped up his testimony on Friday in the civil fraud case against the family business empire and said his father is "fired up" to take the stand next week.

Relief in crypto world over Bankman-Fried conviction

Cryptocurrency backers on Friday celebrated the fraud conviction of the industry's one-time golden boy Sam Bankman-Fried, hoping the embattled sector can finally turn the page on a multibillion dollar scandal.

Swedish union widens strike for Tesla workers

Sweden's metalworkers union said Friday that it was expanding its strike against Tesla, a week after mechanics walked off the job over the electric carmaker's refusal to sign a collective wage agreement.

US hiring slows more than expected with auto strike drag

Job growth in the United States cooled in October, according to government data released Friday, in part dragged down by an auto workers strike.

Bangladesh protests halt production for top fashion brands: union

Levi's and H&M are among top global clothing brands to suffer production halts in Bangladesh, a garment union leader said Friday, after days of violent protests by workers demanding a near-tripling of their wages.

Nobel-winner Gurnah: UK imperial literature was openly racist

Nobel-winning writer Abdulrazak Gurnah says removing offensive words from the likes of Agatha Christie is "futile", but says Britain did produce openly racist literature during the last century of its empire.

Maersk to slash 3,500 jobs as profits, revenue plunge

Danish shipping giant Maersk said Friday it would slash 3,500 jobs as net profit and revenue plunged in the third quarter due to a sharp fall in freight rates.

Volkswacht Bodensee - Economy (English)