Volkswacht Bodensee

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Cuba slowly gets power back after third nationwide blackout in six months

Cubans were gradually getting power back on Tuesday after the third nationwide power outage since the start of the year, causing mounting despair in the face of an energy collapse precipitated by a US fuel blockade.

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.

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Stellantis to buy stake in Chinese EV start-up Leapmotor

Global carmaker Stellantis said Thursday it will buy a 20 percent stake in Chinese electric car maker Leapmotor, making it the latest European brand seeking a foothold in the country's highly competitive market via partnerships with local manufacturers.

ECB set to pause rate hikes as eurozone feels pinch

European Central Bank policymakers are widely expected to leave interest rates unchanged when they meet in Athens on Thursday, as their previous policy moves seemed to be biting.

US auto workers union reaches preliminary deal with Ford

The US auto workers union reached a tentative agreement with Ford late Wednesday, a breakthrough in a 41-day stoppage on Detroit's "Big Three" car manufacturers.

A year after Musk's Twitter takeover, X remains mired in turmoil

A year ago Elon Musk purchased X, formerly known as Twitter, taking the platform on a journey that has resulted in lost money, advertisers and trust.

Elon Musk teases audio and video calls at X

X is tinkering with video and audio calling at the platform formerly known as Twitter, according to a post Wednesday by owner Elon Musk.

Meta quarterly profit more than doubles

Meta on Wednesday reported that its quarterly profit more than doubled from last year's figure to $11.6 billion as ad revenue climbed.

Global stocks mixed as China stimulus lifts Asia

Global stock markets closed mixed on Wednesday as Wall Street tumbled while Europe made small gains -- and Asia rallied on China's plans to boost infrastructure spending.

S.African miners return to surface after underground dispute

More than 500 miners who stayed underground for almost three days in a standoff between rival South African labour unions were all brought back to the surface on Wednesday, police said.

Global stocks hold line as China stimulus lifts Asia

Global stock markets held the line Wednesday as Wall Street and Europe made small gains, while Asia rallied after China unveiled plans for $137 billion (129 billion euro) in extra debt to boost infrastructure spending.

UK police officers fired over black athletes' stop and search

Two London police officers were fired Wednesday after a disciplinary hearing found them guilty of gross misconduct during the stop and search of two black professional sprinters, in the latest scandal to hit Britain's biggest force.

US new home sales hit highest rate in over a year

Sales of new US homes picked up more than anticipated in September, government data showed Wednesday, with the tight supply of real estate pushing more buyers into the market for new properties.

Boeing cuts 2023 forecast for 737 deliveries as it reports loss

Boeing reported another hefty loss Wednesday as it trimmed its full-year forecast for deliveries of the 737 to address a manufacturing problem on the aircraft.

Heineken warns of slowdown in consumer demand

Dutch brewing giant Heineken said Wednesday that it sold less beer in the third quarter, noting that higher prices and the poor economic outlook was affecting consumer demand.

Europe stocks drop but China stimulus lifts Asia

Europe's main stock markets slid in subdued trade Wednesday, but Asia rallied after China unveiled plans for $137 billion in extra debt to boost infrastructure spending.

Kenya's central bank chief says currency overvalued

Kenya's central bank chief has said that the country's currency, currently trading at record lows, has been overvalued for several years.

Some S.African miners return to surface after underground dispute

Some of the miners who stayed underground for more than two days in a standoff between rival South African labour unions began returning to the surface Wednesday, their representatives said.

Santander racks up another record quarter

Spanish lender Banco Santander announced Wednesday another record quarterly profit thanks to high interest rates and a growing customer base.

Japan auto show returns, playing catchup on EVs

Tokyo's rebranded auto show returns this weekend just as China looks set to overtake Japan as the world's biggest car exporter after Toyota, Nissan and others got stuck in the electric vehicle slow lane.

Stocks lifted by China spending plan, oil down on Israel hope

Most markets rose Wednesday after China unveiled plans for $137 billion in extra debt to boost infrastructure spending, while oil extended losses on hopes Israel will scale back its plans for a Gaza ground invasion.

Sydney to review plaques on colonial statues

Australia's oldest city, Sydney, is reviewing statues of its colonial figureheads after an Indigenous leader raised concerns about "offensive" plaques ignoring historical atrocities.

Panama president pushes back against Canadian copper mine protests

Demonstrators and police clashed Tuesday in Panama as protests over a copper mine spilled into their fifth day, with President Laurentino Cortizo vowing he would prosecute acts of "vandalism."

Strong US earnings lift stocks as oil prices retreat

Oil slid but most world stock markets rose Tuesday on a string of largely solid US corporate earnings, even as economic and geopolitical fears dog sentiment.

US auto union expands strike after GM profits top estimates

The US auto workers union announced Tuesday it had extended its strike to a giant General Motors truck plant as it called on the company to sweeten a pay offer in light of strong quarterly profits.

China moves to boost economy with $137 bn sovereign bond issuance

China said Tuesday it would issue sovereign bonds worth 1 trillion yuan ($137 billion) in a move seen as an attempt to shore up the economy after a sluggish post-Covid recovery.

China announces $137 bn sovereign bond issuance

China announced Tuesday it would issue sovereign bonds worth 1 trillion yuan ($137 billion), state media said, in a move seen as an attempt to shore up the economy after a sluggish post-Covid recovery.

General Motors profits top estimates on limited Q3 strike hit

General Motors reported better-than-expected quarterly profits Tuesday behind strong US sales and a limited impact from a labor strike that began late in the quarter.

One dead, four missing after two cargo ships collide in North Sea

One person has died and four are missing from the crew of a cargo ship that sank after colliding with another vessel in the North Sea, German authorities said on Tuesday.

Markets gyrate as investors eye Mideast crisis, economic fears

World stock markets gyrated Tuesday in choppy trade, with sentiment hampered by economic and geopolitical fears ahead of this week's eurozone interest rate decision.

Spotify swings to profit as user numbers grow

Music streaming giant Spotify on Tuesday said it registered 26 percent growth in active users for the third quarter as it reported a rare quarterly profit.

Israel-Hamas war casts dark shadow over Saudi investor forum

The war between Israel and Hamas could deal a heavy blow to the global economy, banking titans told a glitzy investment forum in Saudi Arabia on Tuesday.

Eurozone business activity going from 'bad to worse'

Eurozone business activity slumped at a faster pace in October, resulting in job losses, a closely watched Purchasing Managers' Index (PMI) survey put out by S&P Global showed Tuesday.

Mideast crisis and weak growth weigh on Asian markets

Asian markets recovered ground on Tuesday with traders weighed down by unpredictability over the ongoing crisis in the Middle East and key earnings and economic data releases expected later in the week.

Volkswacht Bodensee - Economy (English)