Volkswacht Bodensee

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Featured

AI needs safety layers like nuclear plants: ex-OpenAI engineer

Another former OpenAI employee has added his voice to a chorus of frantic calls to make AI safe, saying the industry must mimic the aviation or nuclear power sectors with their layers of safeguards to avoid disaster.

#IAmJaneDoe: online support campaign in US university rape case

Thousands of American women have taken to social media to support the alleged victim of a gang rape at an elite US university, in a case that sparked a national outcry, after a political commentator threatened to reveal her identity.

Last news

US slaps sanctions on crypto mixer used by N.Koreans for laundering

The United States on Wednesday slapped sanctions on a crypto mixer that it said was serving as a money laundering tool for hackers affiliated with the North Korean government.

US Fed finds signs of slowing economic activity

US economic activity has slowed in recent weeks and the labor market has continued to cool, the Federal Reserve announced Wednesday, as it continues its fight against stubborn inflation.

European, US stock markets up as bets build on rate cuts

Europe's main stock markets mostly rose Wednesday while Wall Street held onto gains as traders ramped up bets on the US Federal Reserve cutting interest rates in the new year.

With auto strike over, GM announces big share buybacks

General Motors announced hefty new initiatives Wednesday to return billions of dollars to shareholders, lifting its stock price as it estimated the recent labor strike hit at $1.1 billion.

Saudi wealth fund scoops up 10% of London Heathrow airport

Saudi Arabia's sovereign wealth fund is to buy ten percent of London's Heathrow airport from Spanish infrastructure giant Ferrovial, whose departure from the hub after almost two decades leaves Qatar as its biggest shareholder.

Ikea net profit surges in 2023 as sales rise

Swedish furniture giant Ikea saw a five-fold increase in net profit for its full-year 2023 which ended in August, boosted by rising sales, Ingka Group which owns most Ikea franchises said Wednesday.

Austrian property tycoon's Signa to file for insolvency

Rene Benko's real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, marking the spectacular downfall of the self-made Austrian tycoon.

European stock markets climb as bets build on rate cuts

Europe's main stock markets mostly climbed Wednesday as traders ramped up bets on the US Federal Reserve cutting interest rates in the new year after a top official sounded an optimistic note on the battle against inflation.

Austria property giant Signa to file for insolvency

Austrian real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, filing for court protection as it undergoes restructuring.

Uber to partner with London's black cabs despite disputes

Uber is to roll out its service to London black cabs next year, it announced Wednesday, despite long-running friction between drivers of the traditional taxis and the US-based firm.

Philips stock slumps after new FDA warning

Shares in Dutch medical device manufacturer Philips plunged Wednesday after the US Food and Drug Administration warned that its new machine to help patients sleep risked overheating.

Women's sport revenues tipped to break $1 billion barrier

Global revenues from women's sport will top $1 billion for the first time in 2024 thanks to an explosion in popularity, according to financial experts Deloitte.

Spanish giant Ferrovial sells remaining stake in Heathrow

Spanish infrastructure giant Ferrovial announced it is offloading its remaining 25 percent stake in London's Heathrow Airport to a French private equity group and Saudi Arabia's sovereign wealth fund.

Dollar weakens further as rate cut bets build, but equities mixed

The dollar extended losses Wednesday as traders ramped up bets on the Federal Reserve cutting interest rates in the new year after officials sounded optimistic notes on the battle against inflation.

Charlie Munger, Warren Buffett's longtime business partner, dies at 99

Charlie Munger, the longtime friend and business partner of famed US investor Warren Buffett, died on Tuesday at the age of 99, his employer has confirmed.

Dutch version of British Royal book scrapped amid race reports

The Dutch version of a new book about the British Royal Family has been withdrawn amid reports it accidentally revealed which royal commented about the skin colour of Harry and Meghan's baby.

Saudi snares 2030 World Expo in latest success

The Saudi capital Riyadh on Tuesday won the right to host the 2030 World Expo, defeating rival bids from Italy and South Korea as well as overcoming objections from rights activists to take hold of another global mega-event.

S.Africa platinum mine lift plunge kills 11

Winding gear at a giant South African platinum mine failed sending an elevator into a precipitous fall that killed 11 workers and injured 75, the operators said Tuesday.

Dolly Parton's crossover rock album tops charts

The United States may be riven by division, but most Americans of all political persuasions can agree on Dolly Parton -- including the 77-year-old's latest album that's topping charts across the genres.

EasyJet returns to profit but warns of Gaza war impact

British no-frills airline EasyJet on Tuesday announced its first annual profit since the outbreak of the Covid pandemic but warned that the Israel-Hamas war will impact its winter results.

Why you should care about the budget crisis rocking Germany

German Chancellor Olaf Scholz will address parliament Tuesday about an escalating budget crisis triggered by a bombshell court ruling that his government breached constitutional debt limits.

French serial killer's widow on trial over decades-old murders

The widow of a French serial killer known as the "ogre of the Ardennes" goes on trial from Tuesday over her role in three murders dating back several decades, including the killing of a British woman whose body was found in a river in 1990.

Six recycling innovations that could change fashion

The fashion industry's enormous waste problem is pushing governments, particularly in Europe, towards ambitious recycling targets.

Indian rescuers just five metres from 41 trapped in tunnel

Indian rescue teams digging by hand are now within five metres of 41 men who have been trapped in a collapsed road tunnel for over two weeks, officials said Tuesday, saying a breakthrough was expected "soon."

Markets mixed as traders await US data, Fed speakers

Asian markets were mixed Tuesday following a tepid performance on Wall Street, with profit-taking tempering hopes for Federal Reserve interest rate cuts next year and traders awaiting key US inflation data due later this week.

N.Korea defends satellite launch at UN as Kim takes images of White House

North Korea's ambassador made a rare appearance at the UN Security Council on Monday to defend his country's launch of a spy satellite, as leader Kim Jong Un studied images including of the White House and Pentagon.

Stock markets retreat as oil prices dip ahead of OPEC +

Global stocks drifted lower Monday, with investors pointing to equity buying fatigue, while oil prices declined ahead of a closely watched meeting of crude exporters.

Trauma, injury aboard UAE flight carrying Palestinian children

Injured by Israeli bombardment of the Gaza Strip, ten-year-old Mira can no longer speak or walk, a condition her sister hopes will improve with advanced treatment in a UAE hospital.

VW weighs staff reductions as electric shift stalls

German car giant Volkswagen on Monday said that it was considering staff reductions, possibly in the form of early retirement, to help it meet vital cost-cutting targets imposed in its sputtering transition to electromobility.

Gucci design studio strikes over move to Milan

Some 40 artisans from Gucci's design studio downed tools Monday in the creatives' first ever strike, held over plans to move much of the team from Rome to Milan.

Sales of new US homes slow in October

New home sales in the United States decelerated in October, according to government data released Monday, although the market for new properties remains boosted by a lack of inventory for existing ones.

Six teens on trial over 2020 beheading of French teacher

Six teenagers went on trial in Paris on Monday for their role in the 2020 beheading of teacher Samuel Paty, the first of two trials in a case that horrified France.

Volkswacht Bodensee - Economy (English)