Volkswacht Bodensee

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US, Iran trade strikes in new threat to ceasefire

The United States launched extensive strikes on Iran over attacks on ships in the vital Strait of Hormuz, triggering a wave of reprisals Wednesday that Iran's Guards said targeted US bases in the Gulf.

Chinese repairwomen smash stereotypes with power tools

The sound of pliers clicking filled a workshop in eastern China's Hangzhou as a group of women practised stripping wires, their female instructor moving around the classroom to offer advice.

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US stocks shrug off sticky inflation data, Europe mixed

US stocks advanced Thursday as investors shrugged off sticky inflation data and its impact on future central bank policy on interest rates, but European stocks mostly dipped.

Key US inflation measure ticks up in July

A key US inflation measure used by the Federal Reserve to set interest rates rose in July, due largely to another jump in the cost of services, according to government data published Thursday.

Golden generation Dutch keeper Jongbloed dies aged 82

Former Netherlands goalkeeper Jan Jongbloed, who played in two World Cup finals, has died after a long illness aged 82, according to the Dutch football federation (KNVB) on Thursday.

Rights court agrees to hear French prostitution law appeal

The European rights court said Thursday it would hear an appeal by sex workers against a French anti-prostitution law which they say has shattered their livelihoods and driven them underground.

European stock markets steady, euro down on inflation data

Europe's main stock markets mostly steadied on Thursday as traders focused on European and US inflation data and what it means for future central bank policy on interest rates.

Eurozone inflation stagnates in August

Eurozone inflation remained unchanged in August, official data showed Thursday, leaving the European Central Bank faced with a conundrum over whether to continue hiking interest rates amid fears of a deepening economic downturn.

Social media platform X to offer video, audio calls: Musk

The social media platform X will begin offering video and audio calling, owner Elon Musk announced on Thursday, a step towards turning the former Twitter into an "everything app."

UBS to absorb Credit Suisse domestic unit, eyes 3,000 job cuts

Banking giant UBS said Thursday it plans to fully absorb Credit Suisse's century-old Swiss division and slash thousands of jobs across Switzerland, as it seeks to redress its recently-swallowed rival.

Markets mixed ahead of key US inflation report

Equity markets were mixed Thursday as investors struggled to keep up with Wall Street's rally, despite fresh data reinforcing optimism the Federal Reserve could hold off any more interest rate hikes this year, while another weak China reading dragged on the mood.

Microsoft bows to EU competition concerns over Teams

Microsoft will unbundle its Teams communications from its popular Office suite in an attempt to assuage EU antitrust concerns, the company said Thursday.

Markets mostly down ahead of key US inflation report

Markets mostly fell Thursday as investors struggled to keep up with Wall Street's rally, despite fresh data reinforcing optimism the Federal Reserve could hold off any more interest rate hikes this year, while another weak China reading dragged the mood.

'Talk about something else': Chinese AI chatbot toes party line

Chinese tech giant Baidu rolled out its ChatGPT-like ERNIE Bot to the public on Thursday.

UBS to absorb Credit Suisse domestic unit, eyes billions in cost savings

Banking giant UBS said Thursday it would fully absorb the Swiss unit of its recently-swallowed rival Credit Suisse into its operations, without spelling out the implications for job cuts.

First strike in six decades closes famous Japan department store

The shutters were down on one of Japan's best-known department stores on Thursday in the sector's first strike for six decades, sparked by fears that its mooted new US owner will slash jobs.

Chinese developer Country Garden faces crunch vote on debt repayment

China's biggest developer Country Garden on Thursday faces a crunch vote on extending debt repayment terms that could determine whether it defaults, plunging the country's property market deeper into turmoil.

China factory activity contracts for fifth straight month in August

China's factory activity contracted for a fifth straight month in August, official data showed on Thursday, as pressure mounts on Beijing to offer more policy support to bolster its sluggish economy.

China's Baidu rolls out ChatGPT rival to public

China's Baidu rolled out its ChatGPT rival ERNIE Bot to the public on Thursday, in a major leap for the country's tech sector as it aims to cash in on the global artificial intelligence gold rush.

Asian markets mixed ahead of key US inflation report

Markets were mixed Thursday as investors struggled to maintain momentum from Wall Street's rally, even after fresh data reinforced optimism the Federal Reserve will be able to hold off any more interest rate hikes this year.

Chinese developer Country Garden reports $6.7 bn loss

Embattled Chinese developer Country Garden reported a 48.9 billion yuan ($6.7 billion) loss for the first half of the year in a stock exchange filing Wednesday, adding to worries of a potentially catastrophic default.

France calls for minimum price on European flights

France's transport minister called Wednesday for a minimum price for plane flights in Europe to battle climate change.

CNN names media veteran Mark Thompson new CEO

CNN announced Wednesday that British media veteran Mark Thompson would assume the role of its next CEO, as the news outlet struggles to reverse a ratings decline.

China developer Country Garden reports $6.7 bn half-year losses

China's debt-hit real estate giant Country Garden reported half-year losses of 48.9 billion yuan ($6.7 billion) in a stock exchange filing Wednesday, as it flirts with a potentially catastrophic default.

'I stand by my opinion': Russian on trial for critical Ukraine interview

A Russian man prosecuted for giving a spontaneous street comment criticising the Kremlin's Ukraine offensive to foreign media said he stood by his words during his trial Wednesday, despite facing up to 10 years in prison.

Ukraine says gains on southern front pave way to Crimea

Ukraine said Wednesday that its recapture of Robotyne village this week was a strategic victory paving the way for its forces to push deeper into Russian positions in the south towards Crimea.

Stock markets diverge as rally fades

Stock markets diverged Wednesday as a global rally faded despite more data that soothed fears of a further rise in US interest rates.

Airlines count cost of UK traffic control failure

The worst disruption to UK air traffic control in almost a decade following a technical fault risks costing carriers around £100 million, the head of global airline body IATA estimated Wednesday.

US private hiring cools as leisure and hospitality boom fades

Private sector hiring in the United States slowed more than expected in August, according to data from payroll firm ADP on Wednesday, as a boom from the leisure and hospitality sectors faded.

European stock markets diverge as rally fades

Europe's main stock markets diverged Wednesday after a global rally faded.

US says its firms could deem Chinese business environment 'too risky'

Business in China could become "too risky" for US firms without changes to the regulatory environment, Commerce Secretary Gina Raimondo warned Wednesday as she wrapped up a visit to the world's second-largest economy.

Iran steps up crackdown ahead of Amini anniversary: activists

Iran is ratcheting up a crackdown ahead of the one-year anniversary of the death of Mahsa Amini, arresting prominent personalities, campaigners and relatives of those killed by security forces in protests last year, activists say.

'La La Land' director hopes 'some good' will come of Hollywood strike

Damien Chazelle, who heads the jury at the Venice Film Festival that kicks off Wednesday, told AFP he hopes Hollywood will get over its current crisis and said he was confident that movies will survive the AI revolution.

US says seeking more 'predictable' business environment in China

The United States wants to work with China to ensure a more "predictable" environment for American businesses in Shanghai, Commerce Secretary Gina Raimondo told officials in the economic hub on Wednesday.

Volkswacht Bodensee - Economy (English)