Volkswacht Bodensee

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Tanker attacks send oil higher, stocks hit by AI jitters

Oil prices jumped after three tankers were attacked near the Strait of Hormuz, while jitters about the outlook for the AI sector hit equities.

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.

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Mysterious rise in US Treasury yields perturbs markets

The surge in US treasury yields has sparked much anxiety among investors, in part because there is no easy explanation for the rise.

Global markets stall as oil prices pare back gains

Global stock markets stalled and oil prices flatlined Thursday, as a steady September inflation print renewed traders' concerns that interest rates will have to stay higher for longer to slow down price increases.

IMF chief prematurely announces Zambia debt deal

Zambia is close to signing a long-sought debt deal with its foreign creditors, an IMF spokesperson said Thursday after the institution's chief prematurely announced it was signed.

Delta profits jump as international travel stays strong

Delta Air Lines reported surging quarterly earnings amid persistently strong demand, while acknowledging a drag from strikes in the US auto and entertainment sectors.

Stock markets stall, oil prices pare back gains

Stock markets stalled and oil prices limited gains Thursday while tracking the Israel-Hamas conflict, amid latest data showing US consumer inflation data holding steady in September.

Zambia signs debt deal with creditors: IMF chief

Zambia has signed a long-sought debt deal with its foreign lenders, the IMF's chief announced Thursday, providing financial relief to the first African nation to default after the Covid pandemic.

Musk's X rebuffs EU on disinfo alarm over Hamas-Israel conflict

Elon Musk's social media platform "X" has defended itself against claims from the European Union that it is failing to tackle disinformation around the Gaza-Israel conflict.

Prosecutors call for fine in Italian PM defamation case

Italian prosecutors called Thursday for journalist Roberto Saviano to be fined 10,000 euros in a defamation case brought by Prime Minister Giorgia Meloni, after he criticised her stance on migrants.

Stock markets edgy, oil prices rise on conflict, steady US inflation

Stock markets were edgy while oil prices rose Thursday tracking the Israel-Hamas conflict, as latest data showed US consumer inflation data holding steady in September.

Kenyan court dismisses challenge over GM crops

A Kenyan court on Thursday dismissed a lawsuit challenging a government decision to allow the importation and cultivation of genetically modified crops to help combat its food crisis.

US consumer inflation holds steady in September

Consumer inflation held steady in the United States last month, according to government data released Thursday, giving policymakers some reprieve in their battle to tamp down price increases.

EU climate chief says 'no official decision' on China wind subsidies probe

The European Union's climate chief said Thursday that "no official decision" had been taken on whether to investigate China's subsidies for its wind power industry, following talks with her counterparts in Beijing.

Stock markets, oil prices advance tracking inflation, conflict

Stocks markets and oil prices rose Thursday tracking the Israel-Hamas conflict, while the dollar steadied awaiting more US inflation data.

Red Cross says in contact with Hamas, Israel over hostages

The International Committee of the Red Cross is in contact with Hamas and Israel to try to facilitate the release of hostages taken into Gaza, the organisation said Thursday.

Ex-F1 boss Bernie Ecclestone admits fraud at UK court

Former Formula One supremo Bernie Ecclestone on Thursday pleaded guilty in a UK court to charges of failing to declare a multi-million-pound trust in Singapore to the British tax authorities.

IEA says risk of oil supply disruptions is limited

The International Energy Agency said on Thursday the risk of oil supply disruptions due to the conflict between Israel and Hamas is limited but that it stands ready to intervene in markets if necessary.

EasyJet announces major Airbus deal as sector recovers

British no-frills carrier EasyJet on Thursday said it has reached a deal worth close to $20 billion for 157 Airbus planes and alterations to a previous order.

Talks to end Hollywood actors strike 'suspended': studios

Talks between Hollywood actors and studios over an ongoing strike were suspended Wednesday, in a blow to hopes for a swift end to a crisis that has crippled the entertainment industry.

Fiji minister urges 'quicker' plastic pollution treaty

The world must move faster on a plastic pollution treaty that is currently not expected to be finalised before the end of next year, Fiji's deputy prime minister told an international summit on Thursday.

Asian markets press on with rally, China fund boosts optimism

Asian stocks extended the week's gains on Thursday, undeterred by forecast-beating US wholesale inflation data as investors grew increasingly hopeful the Federal Reserve would not hike interest rates further.

Chickens keep Indigenous Guatemalans from migration agonies, for now

A brood of chickens cluck in the barn as Rebeca Perez collects eggs to sell in her village in western Guatemala -- an endeavor she hopes will keep her from emigrating to the United States as her brothers did, driven by poverty.

Fertile Cuba relies on food imports as farmers lack seeds, fuel

Crop production has plummeted in fertile Cuba as aid for farmers from a government grappling with tough sanctions and the worst economic crisis in decades has dried up.

Stock markets mixed ahead of US inflation report

US stocks ended the day higher and bourses in Europe were mixed Wednesday, while European gas prices hit six-month highs on supply constraints.

Birkenstock shares sink on Wall Street debut

Shares of German sandals maker Birkenstock fell almost 13 percent from their introductory price on Wednesday, on its first day trading on the New York Stock Exchange.

US Fed agreed to hold interest rates high 'for some time': minutes

US Federal Reserve officials agreed last month they should hold interest rates high "for some time" in their ongoing fight against inflation, according to minutes of the meeting published Wednesday.

Birkenstock shares fall in Wall Street debut

Shares of German sandals maker Birkenstock fell about 10 percent from their introductory price on Wednesday, in premiere trades on a New York Stock Exchange whose floor was dotted with the footwear.

US Fed official lauds 'very good' progress on inflation

The US Federal Reserve's fight against inflation seems to be heading in the right direction, while the US economy remains resilient, a senior Fed official said Wednesday.

Finland gas pipe likely damaged by 'mechanical force': police

Finnish authorities on Wednesday said the leak leading to the shutdown of a natural gas pipeline from Estonia to Finland appeared to have been caused by "mechanical" force and not a blast.

Vienna drugstores offer free period products for women in need

Austria's capital Vienna on Wednesday rolled out a programme to combat "period poverty" with drugstores offering free sanitary products to disadvantaged women.

Mali cancels Air France clearance to resume flights: officials

Mali's ruling junta has cancelled the authorisation given to Air France to resume flights to the country, two senior officials and an air transport official said Wednesday.

Stock markets hold onto gains after rally

US and European stock markets were broadly steady Wednesday, holding onto big gains made the previous session, while European gas prices hit six-month highs on supply constraints.

World Bank needs to get 'better', 'bigger': president

The World Bank's new president, Ajay Banga, said Wednesday that the global lender must become "better" and "bigger" to boost its capacity to help developing countries battle climate change, poverty and pandemics.

Volkswacht Bodensee - Economy (English)