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Air Canada taps new CEO to replace chief who couldn't speak French

Air Canada named a new CEO on Wednesday to replace Michael Rousseau, who announced his retirement following controversy over his failure to issue condolences both in English and French after a fatal airport disaster.

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.

Last news

Stock markets rally as traders see end to Fed rate hikes

Stock markets mostly rallied and the dollar slid Thursday as traders bet on the Federal Reserve's latest interest-rate hike being its last.

Almost 800 migrants drowned off Tunisia in six months: National Guard

Almost 800 irregular migrants drowned off Tunisia in the first half of this year as they tried to reach Europe by boat, a National Guard spokesman told AFP Thursday.

Turkish central bank doubles inflation forecast

Turkey's central bank more than doubled its year-end inflation forecast to 58 percent on Thursday as its new Wall Street-trained governor vowed to keep raising interest rates after years of controversial policies.

Oil, gas majors post sliding profits on weaker prices

Shell and other energy majors posted sliding net profits Thursday after oil and gas prices weakened in the first half.

Markets mostly rise as traders bet on end to Fed rate hikes

Most markets rose Thursday on hopes the Federal Reserve's latest interest rate hike will be its last as data indicates inflation is being brought under control and the US economy is set to avert a recession.

World Cup mums balance parenting with football ambitions

Jamaican Women's World Cup player Cheyna Matthews tears up when she recalls one of her three little boys saying: "Why are you always gone so long?"

Volkswagen profits dip as it struggles in China

Volkswagen said Thursday its profits slipped in the second quarter as it battles to regain ground in China, the German auto giant's most important market.

Nigeria's end to petrol subsidies hits Niger black market

On the road linking Niger's capital Niamey with the south of the country, illegal fuel warehouses have closed and intrepid black-market touts waving petrol canisters at passing cars have become an endangered species.

ECB to mark year of hikes with inflation still high

European Central Bank policymakers looked set to deliver another interest rate increase on Thursday as their fight against eurozone inflation reaches the one-year mark with consumer prices still rising fast.

Drought-hit N.Africa turns to purified sea and wastewater

From Tunisia to Morocco, sun-baked North Africa has embarked on a building spree of plants that purify sea and wastewater as climate change intensifies droughts in the water-scarce region.

Asian markets rally as traders bet on end to Fed rate hikes

Equity markets rose Thursday on hopes that the Federal Reserve's latest interest rate hike will be its last as data indicates inflation is being brought under control and the US economy appears set to avert a recession.

Country song jangles US nerves on race and violence

When Jason Aldean released the video for his song "Try That in a Small Town" in mid-July, which critics say glorified violence and fueled racism, the singer catapulted country music into the latest debate illustrating America's socio-political divides.

Vibrating vests translate music for deaf concertgoers

The violins reverberate in the ribcage, while cello and bass are felt a little further down, with horns in the shoulders and, more often than not, soloists in the wrists.

Mattel reports profit dip despite 'Barbie' blockbuster glow

American toy maker Mattel on Wednesday reported a drop in profits compared to last year, due to lower sales including a decline in Barbie products in the second quarter.

'Fight is on' at deep sea mining debate in Jamaica

Nations opposed to deep sea mineral mining and those in favor of exploiting the oceans' depths butted heads in Jamaica on Wednesday, with both sides arguing their position would help protect the planet.

US Fed lifts rates to highest since 2001 and hints at more to come

The US Federal Reserve raised its benchmark lending rate on Wednesday to the highest level since 2001 to tackle above-target inflation, and signaled it could hike again later this year amid improving economic prospects.

Stocks tread water while dollar dips after latest Fed rate hike

Wall Street stocks tread water while the dollar dipped Wednesday after the Federal Reserve lifted interest rates and signaled the possibility of further increases.

Meta earnings beat market expectations as ads revive

Facebook parent Meta on Wednesday beat market expectations for quarterly earnings powered by a reviving digital ad business.

Coca-Cola eyes more price hikes in emerging markets

Coca-Cola lifted its full-year earnings targets Wednesday after second-quarter results topped estimates as it described plans to limit additional price hikes to emerging markets with the most intense inflation.

Airbus and Boeing race to boost aircraft production

Airbus and Boeing both stepped up deliveries of commercial aircraft in the first half of this year, boosting revenue as they strive to ramp up production to meet demand from airlines.

US Fed raises rates to highest level since 2001

The US Federal Reserve raised its benchmark lending rate on Wednesday to the highest level since 2001 to tackle above-target inflation, and signaled the possibility of further increases ahead.

Why Musk's 'X' will struggle to become a Chinese-style super-app

Elon Musk is rebranding his Twitter platform as "X" and wants to create a super-app where users will do all their finances as well as their socialising.

Italy mulls tightening surrogacy ban

Italian lawmakers began deliberating Wednesday a bill to toughen a ban on surrogacy to make it illegal to seek it abroad, sparking criticism the government was targeting LGBTQ rights.

Jeep owner Stellantis posts record profit on higher prices

US-European auto giant Stellantis, whose brands include Jeep, Fiat and Peugeot, reported Wednesday a record net profit in the first six months of the year, boosted by higher prices for its vehicles.

Spurs owner Lewis arrested ahead of US court appearance

The British billionaire owner of Premier League side Tottenham, Joe Lewis, was arrested on Wednesday ahead of a court appearance in New York on insider trading charges, US prosecutors said.

Boeing shares surge despite Q2 loss as it boosts plane production

Boeing shares rallied Wednesday after the aerospace giant reported a smaller-than-expected loss, announced production rate increases on key commercial jets and described fewer supply chain problems.

Car transport ship fire could 'burn for days' off Netherlands

The blaze raging aboard a ship carrying 3,000 cars off the Netherlands could burn for days, officials said Wednesday, as fears built that the fire could damage to a fragile nearby island chain.

Russian cybersecurity firm founder jailed on treason charges

Russia on Wednesday sentenced Ilya Sachkov, co-founder of the Group-IB cybersecurity firm, to 14 years in prison on treason charges, according to an AFP journalist in the Moscow court.

Boeing shares rise despite Q2 loss as it boosts plane production

Boeing reported a $149 million second-quarter loss Wednesday following delays and cost issues in its defense and space program, but shares rallied on increased commercial jet deliveries.

Stocks, dollar retreat before Fed rate decision

Major stock markets mostly retreated Wednesday as a China-induced rally gave way to cautious trading ahead of a Federal Reserve policy decision, with fresh data reviving the possibility of more US rate hikes before the end of the year.

Santander posts record profit despite special tax

Spanish lender Banco Santander reported Wednesday a record profit for the first half of the year despite a windfall tax imposed on banks, as rising interest rates lifted its earnings.

Markets mixed as Fed rate decision looms, China rally fades

Equities were mixed Wednesday as the previous day's China-induced rally gave way to cautious trading ahead of a Federal Reserve policy decision, with fresh data reviving the possibility of more rate hikes before the end of the year.

Volkswacht Bodensee - Economy (English)