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Featured

OpenAI to launch new model after US freeze

ChatGPT maker OpenAI said its latest powerful artificial intelligence model series will be released to the public on Thursday, as the US government reportedly approved a broader launch.

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.

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UK retailer Wilko's administrators warn of job losses

The administrators of British household goods company Wilko have said there will "likely" be redundancies and store closures after they were unable to find a buyer for the whole business.

Markets track Wall St surge after US data, Nvidia results

Equity markets rose again Thursday after soft US and European economic data soothed recent fears that central banks will hike rates further, while tech firms were given a boost by forecast-busting earnings from AI chip titan Nvidia.

Asia tracks Wall St surge as traders welcome US data, Nvidia results

Asian markets rose again Thursday after soft US and European economic data soothed recent fears that central banks will hike rates further, while tech firms were given a boost by forecast-busting earnings from AI chip titan Nvidia.

In Venezuela, women left 'mutilated' by butt lifts

Maria Sanchez walks slowly through her house in the Venezuelan capital with two surgical drainage bags hanging from her waist -- the nightmare result of her search for the perfect derriere.

AI chip giant Nvidia crushes expectations as profits soar

US chip giant Nvidia, whose products play a crucial role in artificial intelligence systems, crushed expectations on Wednesday, as the AI frenzy continues to lift the tech sector.

Inflation or politics? Argentina hit by wave of looting

Argentina has been hit by a wave of looting that has ratcheted up political tensions ahead of October elections as the country grapples with 113 percent annual inflation.

IMF approves $7.5 billion disbursement to Argentina: economy minister's office

The International Monetary Fund's (IMF) executive board has approved a $7.5 billion disbursement for Argentina, a spokesperson for economy minister Sergio Massa told AFP Wednesday, as the South American country grapples with a prolonged economic crisis.

Stocks advance as traders await Powell speech, Nvidia results

Stock markets rose Wednesday despite data showing slowing economic activity soothed worries about an extended period of elevated interest rates.

Germany plans to ease legal gender change

The German cabinet on Wednesday signed off plans to help people change their legal gender more easily, but the proposals have stirred criticism from feminists, politicians and even the trans community.

Arab Israelis bury official as crime wave toll nears 160

A high-ranking civil servant buried Wednesday in Israel is the latest victim of a crime wave that has killed almost 160 members of Israel's Arab minority this year.

Sales of new US homes rebound on tight housing supply

New home sales in the United States bounced upward in July, as a lack of existing real estate pushes buyers into the market for new builds, government data showed Wednesday.

Markets broadly higher as traders await Powell speech, Nvidia results

Stock markets mostly rose Wednesday as traders battled to maintain momentum in this week's rally despite worries about an extended period of elevated interest rates.

Arm listing may boost return to IPOs

The initial public offering of British chip designing giant Arm, announced on Monday, could signal a rebound in companies introducing their shares on stock markets after a year of relatively few such listings.

Kenyan court says Meta and sacked moderators to pursue settlement

Some 184 content moderators and Facebook's parent company Meta have agreed to pursue an out of court settlement in a lawsuit claiming unfair dismissal, court documents seen by AFP show.

Eurozone economic downturn deepens in August

The eurozone economy is contracting at its fastest rate in three years as a steep decline in manufacturing begins to spread to services, a key survey said Wednesday.

Markets broadly up as traders await Powell speech, Nvidia results

Markets mostly rose Wednesday with traders battling to maintain momentum from the previous day's much-needed rally as they contemplate an extended period of elevated interest rates.

Markets rally fades as traders nervously await Powell speech

Asian markets drifted between gains and losses Wednesday with traders struggling to maintain momentum from the previous day's much-needed bounce as they contemplate an extended period of elevated interest rates.

US stocks mostly fall as tech rally peters out

A rally in tech shares ran out of steam Tuesday, as US stocks mostly retreated amid worries over higher Treasury bond yields that offset investor appetite to keep buying equities.

UPS workers ratify contract, averting strike: Teamsters

The Teamsters union announced Tuesday that UPS workers overwhelmingly voted to ratify a new labor contract, officially ending the risk of an economically harmful strike.

Brazil high court rules homophobia punishable by prison

Brazil's Supreme Court ruled Tuesday that homophobic slurs are now punishable by prison, in a decision applauded by rights activists in a country with rampant violence against the LGBTQ+ community.

French grape-pickers wilt as 'heat dome' temperatures top 40C

Grape-pickers were out in French vineyards Tuesday bringing in this year's harvest in "torrid" conditions as temperatures shot past 40C in some areas of the country during a "heat dome" weather pattern that has brought misery to millions.

US home sales cool as mortgage rates remain high

Sales of homes in the United States ticked down in July, according to industry data released Tuesday, as elevated mortgage rates and limited housing supply held buyers back.

Getir cuts over tenth of global workforce

Turkish rapid grocery delivery firm Getir said Tuesday it was slashing over a tenth of its global workforce in a bid to stem losses and keep its foothold in parts of Europe and the United States.

Ex-OPEC president facing corruption charges in UK

Former OPEC president Diezani Alison-Madueke has been charged with bribery offences relating to her time as Nigeria's oil minister, the UK National Crime Agency said on Tuesday.

Canada to challenge latest US duties on softwood lumber

Ottawa announced Tuesday it will challenge the latest US duties on Canadian softwood lumber that it called "unfair, unjust and illegal."

British chip champion Arm files to go public in US

British chip designing giant Arm has launched the process for a public stock listing in New York, in what could be the biggest US share offering in years.

Stocks advance but traders fret over outlook

Stocks pushed higher Tuesday following a recent streak of losses, though investors' mood remained dimmed by concerns over China's economy and the outlook for US interest rates.

UK top bosses earn 118 times pay of workers: study

Bosses running Britain's biggest listed companies enjoyed payrises of 16 percent last year as workers' wages struggled with the worst cost of living crisis in a generation, research published Tuesday found.

Dubai airport traffic jumps 50%, tops pre-pandemic levels

Passenger traffic at Dubai international airport leapt 50 percent in the first half of the year, surpassing pre-pandemic levels, its operator said on Tuesday.

Sydney suburbs provide 'safe space' for gay rugby players

It would be hard to pick the Sydney Convicts from any other of the city’s suburban rugby union teams.

'Barbie' hits nerve in conservative Gulf

After being banned in some Arab countries, the film "Barbie" is dividing audiences in the conservative Gulf.

North Korea plans satellite launch as Seoul, US hold drills

North Korea has informed Japan it plans to launch a satellite in the coming days, Tokyo said Tuesday, less than three months after a failed effort saw a military satellite plunge into the sea.

Volkswacht Bodensee - Economy (English)