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Featured

MEXC Adds Nine Ondo Tokenized Stock and ETF Trading Pairs Tied to AI Infrastructure Demand

MEXC, a pioneer in 0-fee digital asset trading, will add nine Ondo tokenized stock and ETF trading pairs to its spot market, the latest expansion of ongoing collaboration with Ondo Finance. The new pairs cover companies across the data center, semiconductor and power supply chains linked to growing AI infrastructure demand, expanding the range of tokenized U.S. equities available to users and providing on-chain exposure to a sector at the center of the current AI infrastructure buildout.

Apple loses challenge against EU digital competition rules

Apple lost its bid to escape digital competition rules after an EU court on Wednesday rejected the US giant's challenge.

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Meta to ask EU users' consent to share data for targeted ads

Social media giant Meta on Tuesday said it intends to ask EU-based users to give their consent before allowing targeted advertising on its networks including Facebook, bowing to pressure from European regulators.

Ukrainian grain lorries wait days to unload at Danube port

Anton Moiseyev sat for the third day in the cabin of his lorry, parked by a roadside cafe in Ukraine's southern Odesa region, in a bottleneck triggered by Russia's scrapping of a grain shipping deal.

Stock markets mostly drop, dollar firms

US and European stock markets mostly slid on Tuesday as investors reacted to macroeconomic data and corporate earnings, while the dollar firmed.

Uber reports surprise profit in Q2

Uber reported a surprise profit on Tuesday, pointing to strong growth in its core mobility and delivery businesses despite missing revenue estimates.

Niger coup raises questions about uranium dependence

The military coup in Niger last week raises the question of Europe's dependency on uranium mined in the West African nation for its nuclear power plants.

Oil majors still profitabe even if super-profits gone

From BP to ExxonMobil to TotalEnergies, none of the oil and gas majors have repeated the exceptional profits posted in 2022 when prices surged in the wake of Russia's invasion of Ukraine, but they nevertheless remain comfortably profitable this year.

Iraq's Yazidis: reclusive group hunted by Islamic State

The Yazidis, who Britain on Tuesday officially acknowledged as victims of "acts of genocide" by the Islamic State (IS), are a Kurdish-speaking ethno-religious minority found mainly in Iraq.

Pfizer trims 2023 revenue outlook as profits tumble

Pfizer reported a steep drop in profits Tuesday on much lower Covid-related revenues as it curtailed its full-year sales outlook, in part due to tornado damage to a key manufacturing facility.

European stock markets drop, dollar firms

European stock markets retreated and the dollar firmed Tuesday, hit by weak manufacturing data across the region.

China imposes export curbs on critical metals, drones

Chinese controls on exports of two metals critical to making semiconductors came into force on Tuesday, a day after Beijing imposed curbs on the foreign sales of some drones.

Asian markets mixed as early momentum fades

Asian markets were mixed Tuesday as investors struggled to maintain early gains fanned by hopes the Federal Reserve's interest rate hike campaign has run its course.

HSBC reports bumper profits on rising interest rates

Banking giant HSBC said on Tuesday that pre-tax profit more than doubled to $21.7 billion in the first half of 2023, boosted by higher interest rates.

Greek islanders dismayed by plan to scale up fish farming

On the sunny quay of the picturesque Greek island of Poros, veteran fisherman Spiros Papaioannou makes no bones about imminent plans to expand fish farming.

Asian markets rise as positive mood flows across trading floors

Asian investors started August in the same way they ended July, with gains across markets that followed Wall Street's lead, fuelled by a general sense of optimism about the economic outlook.

Musk removes giant, flashing X sign after furore

The company formerly known as Twitter removed a towering, blinking X from atop its San Francisco headquarters Monday after the rebranded tech firm tangled with city officials over the controversial sign.

Equities edge higher as inflation moderates

Global stocks mostly pushed higher on Monday as investors remained optimistic interest rates won't go higher and China made moves to boost lacklustre growth.

Heineken profits slide as beer price hikes curb enthusiasm

Dutch brewer Heineken on Monday lowered its earnings outlook for the full year after price hikes to counter soaring costs battered beer sales, pushing down profits in the first half.

China announces consumption-boosting measures as data disappoints

Chinese authorities announced new measures to boost consumption on Monday, as fresh economic data suggested that the country's post-Covid recovery is running out of steam and growth is slowing.

European stocks edge higher after eurozone inflation eases

European stock markets were mostly higher on Monday as traders hoped for a pause in interest rate hikes by the European Central Bank after a further decline in eurozone inflation.

Hong Kong economy slows in second quarter after rebound

Hong Kong's economy expanded by 1.5 percent in the second quarter, data released Monday showed, indicating slowing growth after a robust start to the year.

Asia joins Wall St rally on US rates, China hopes

Markets rallied Monday, tracing another bump on Wall Street, where investors cheered a further slowdown in US inflation that stoked optimism the Federal Reserve will not have to hike interest rates again.

China, Pakistan to mark mega infrastructure anniversary

Chinese Vice Premier He Lifeng arrived in the Pakistan capital Sunday to mark the 10th anniversary of an enormous economic plan that is the cornerstone of Beijing's Belt and Road Initiative.

Ruto says he will 'not negotiate' Kenya's security with opposition

Kenyan President William Ruto said Sunday he would "not negotiate about the safety of our country" with his rival after agreeing to dialogue to end violent protests against his government.

Africa leaders give Niger junta week to cede power

African leaders on Sunday gave the junta in Niger one week to cede power or face the possible use of force, and slapped financial sanctions on the putschists, after the latest coup in the jihadist-plagued Sahel region raised alarm on the continent and in the West.

Africa leaders to meet on Niger coup, junta warns of 'intervention'

West African leaders were to meet on Sunday for a crisis summit on the coup in Niger, where protesters tried to storm the French embassy after the junta warned of an "imminent military intervention".

China and Pakistan to mark mega infrastructure anniversary

Chinese Vice Premier He Lifeng was due in the Pakistan capital on Sunday to mark the 10th anniversary of a mega economic plan that is the cornerstone of Beijing's Belt and Road Initiative.

Back on track: Europe's night trains make bumpy comeback

Night trains have made a comeback in Europe thanks to their low-carbon footprint, but after years of neglect, the renaissance has had a bumpy ride.

Hong Kong public broadcaster cancels LGBTQ radio show

A radio show promoting LGBTQ equality will end its 17-year run at Hong Kong's public broadcaster on Sunday, with station management citing "changes in programme" as the reason for cancellation.

UK railways hit by latest staff walkout

Rail workers in Britain held their latest strike over pay and conditions on Saturday, as more than a year of walkouts on the country's train network grinds on.

Ryanair pilots' strike in Belgium cancels almost 100 flights

A strike by Ryanair pilots in Belgium in an ongoing dispute over working conditions has cancelled 96 flights to and from Charleroi this weekend, the airport said, in the midst of the busy summer travel season.

Blazing cargo ship off Netherlands to be towed, 'likely this weekend'

Preparations were under way to salvage a cargo ship packed with electric vehicles that caught fire off the Dutch coast, officials said Friday, in an operation intended to avert an ecological disaster.

US, European stocks push higher as inflation eases

Wall Street rebounded Friday and eurozone stocks edged higher on data showing easing inflation, while the yen yo-yoed after Japan's central bank tweaked its ultra-loose monetary policy.

Volkswacht Bodensee - Economy (English)