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Featured

UN maritime head urges halt to Hormuz transit to protect seafarers

The head of the International Maritime Organization said Wednesday the 6,000 seafarers still stranded in the Gulf must not be put in unnecessary danger by crossing the Strait of Hormuz amid fresh US-Iran attacks.

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.

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Race against time to find fresh water for Uruguay's capital

Uruguay is frantically laying pipes and digging wells as it races to find fresh sources of precious H2O amid a record drought that has threatened to leave its capital without potable water.

Rescuers resume search for migrant boats off Canary Isles

Spain's coastguard resumed the search for three migrant boats reported lost off the Canary Islands after suspending an aerial search earlier in the day due to bad weather.

Ukrainian women fight for uniforms that fit

At a training ground on the edge of Kyiv, a group of women ran through an obstacle course and fired Kalashnikovs, putting the new uniforms finally designed for them through a stress test.

US consumer inflation cools to lowest since early 2021

US consumer inflation cooled in June to its lowest rate since early 2021, according to government data released Wednesday -- an encouraging sign for policymakers battling cost-of-living pressures.

Stock markets jump as US inflation cools

Stock markets bounced on Wednesday as data showed US inflation cooled more than expected in June, raising hopes that the Federal Reserve will soon end its cycle of interest rate hikes.

Search for migrant boats off Canary Isles temporarily suspended

Spain's coastguard temporarily suspended Wednesday a search for three migrant boats reported lost off the Canary Islands after poor weather prevented a plane from being deployed to the area.

US annual consumer inflation cools to lowest since early 2021

Annual consumer inflation in the United States cooled in June to its lowest rate since early 2021, the Labor Department said Wednesday -- an encouraging sign for policymakers battling to lower cost pressures.

EU clears US chipmaker Broadcom's $61 bn VMware takeover

The European Commission approved US chipmaker Broadcom's planned $61-billion takeover of cloud computing firm VMware on Wednesday after the company offered remedies to ease competition concerns.

Caster Semenya says rights court ruling is 'only the beginning'

Double Olympic 800m champion Caster Semenya Wednesday hailed the decision of the European Court of Human Rights which ruled her human rights were violated by Swiss courts.

UK lenders 'can withstand major shock'

Britain's top lenders have passed stress tests to show they can withstand a major economic shock, even as rising interest rates pressure the financial system, the Bank of England said Wednesday.

Kenya police fire tear gas as protesters defy ban

Kenyan officers on Wednesday fired tear gas on protesters who defied a police ban to join a demonstration against tax hikes called by opposition leader Raila Odinga.

Most markets advance as US inflation data looms

Asian and European markets mostly rose Wednesday as investors jockeyed for position ahead of a key US inflation report later in the day, and Hong Kong extended gains on hopes for fresh Chinese stimulus.

UK lenders can withstand major shock: Bank of England

Britain's top lenders have passed stress tests to show they can withstand major economic shock, even as rising interest rates pressure the financial system, the Bank of England said Wednesday.

Asian markets fluctuate as US inflation data looms

Asian markets saw choppy trade Wednesday as investors jockeyed for position ahead of a key US inflation report later in the day, though Hong Kong extended gains on hopes for fresh Chinese stimulus.

Unlikely savior: Musk's antics give Zuckerberg PR makeover

After years of bad press and scandal, Mark Zuckerberg is seeing his reputation spruced up in the fickle world of tech, largely thanks to the increasingly unpredictable behavior of Elon Musk.

After spring crisis, US banks face subdued profit outlook

The upcoming deluge of US bank earnings is expected to show more pressure on deposits, an uptick in reserves for bad loans and much talk about potential new regulations.

France riot damage racks up $700 mn insurance bill: industry body

Damage from riots sparked by the police killing of a teenager in France has resulted in a $715 million insurance bill, an industry body said Tuesday.

Iraq to pay for Iranian gas imports with oil: PM

Iraq will start paying for its Iranian gas imports with oil, to circumvent the complicated mechanism agreed with Washington in order not to contravene US sanctions, the prime minister said Tuesday.

Latest US Takata death prompts dire warning on some 2003 trucks

Stellantis urged owners of thousands of 2003 Dodge Ram pickups to "immediately stop" driving the vehicles if their Takata airbags have not been replaced, the company said Tuesday.

Microsoft-Activision deal back on track after US court win

A US federal judge on Tuesday resurrected Microsoft's $69 billion buyout of video gaming giant Activision Blizzard by refusing to allow the temporary suspension of the long delayed deal.

UK postal workers call off strikes

Postal workers at the UK's Royal Mail on Tuesday accepted a new pay deal to end a costly series of strikes.

Stock markets rise on China support, pound rallies

Major stock markets mostly rose Tuesday as China moved to boost its flagging economy, while the pound hit a 15-month high against the dollar on expectations of more aggressive UK interest rate hikes.

UK unemployment climbs as inflation weighs on economy

UK unemployment rose back to four percent in the three months to the end of May, official data showed Tuesday, as the economy struggles with stubbornly-high inflation.

World job market on brink of 'AI revolution': OECD

The world's wealthiest nations must urgently prepare for the impact of an imminent "AI revolution" that will change jobs, create new ones and make others disappear, the OECD said Tuesday.

'Meta loses more': Zuckerberg takes Threads fight to EU

US tech titan Mark Zuckerberg has plunged into a high-stakes game of brinkmanship with the European Union by withholding his new Threads app from users in Europe, but analysts say he will struggle to win the fight.

Markets rise as China pledges fresh property support

Stock markets rose Tuesday, with Hong Kong and Shanghai lifted by China moves to support its struggling property sector and authorities' pledged further help for the economy.

UK water crisis pollutes privatisation legacy

Britain's biggest water supplier staving off renationalisation, trains derailed by strikes and consumers suffering huge energy bills -- the nation's vital sectors are mired in chaos decades after their controversial privatisation.

Asian markets rise as China pledges fresh property support

Asian markets rose Tuesday, with Hong Kong and Shanghai lifted by China moves to support its struggling property sector and authorities' pledged further help for the economy.

Global stocks mostly rise as market digests China inflation data

Global stocks mostly advanced Monday ahead of key US inflation data and after a drop in China's producer prices pointed to more weakness in the world's second biggest economy.

What carbon footprint? American man flies 23 million miles

Tom Stuker has flown some 23 million miles in three decades, the same as 48 round trips to the moon, but the American says he is not concerned by his carbon footprint.

Turkey unblocks Sweden NATO bid, setting stage for summit

Turkey agreed Monday to allow Sweden to join the NATO alliance, setting the stage for the allies to showcase their unity at a summit focused on securing support for Ukraine's battle against Russia's invasion.

Yellen sees 'desire on both sides' for productive US-China ties

Washington and Beijing both want to stabilize US-China ties and deal constructively with problems in their relationship, Treasury Secretary Janet Yellen said in an interview airing on Monday.

Volkswacht Bodensee - Economy (English)