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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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Thyssenkrupp's hydrogen unit surges in stock market debut

Thyssenkrupp's green hydrogen unit Nucera made a strong debut on the Frankfurt stock exchange Friday, amid growing interest in the technology as an alternative to fossil fuels.

Maritime sector seals carbon-cutting deal but sparks criticism

The International Maritime Organization, which oversees the highly polluting shipping industry, clinched a landmark deal on Friday to improve its target to cut carbon emissions -- but green campaigners said it fell far too short to tackle climate change.

Stock markets waver as US hiring cools

Stock markets wavered Friday as investors still bet on the US Federal Reserve hiking interest rates further despite jobs data showing hiring slowed more than expected last month.

US jobs data fails to give equities a boost

Wall Street stocks sputtered Friday as investors still bet on the US Federal Reserve hiking interest rates further despite jobs data showing hiring slowed more than expected last month.

China hits tech firms with hefty fines as crackdown draws to close

Chinese regulators said Friday they had fined fintech giant Ant Group almost $1 billion for "illegal acts" and handed an affiliate of rival Tencent a $415 million penalty, adding that a long-running crackdown on tech firms was drawing to a close.

US economy adds 209,000 new jobs as hiring slows

Hiring in the United States slowed in June, the Labor Department said Friday, with fewer new jobs created than many had expected, a signal that the economy is showing signs of cooling.

Fire in Italy retirement home kills six

A fire at a retirement home in Milan on Friday killed six people, firefighters said, with some 80 other residents hospitalised suffering from smoke inhalation.

China fines Ant Group almost US$1 bn as tech crackdown draws to close

Chinese fintech giant Ant Group has been fined almost $1 billion for "illegal acts", the country's financial regulators said Friday, adding that a longtime crackdown on tech firms was drawing to a close.

AI robots tell UN conference they could run the world

A panel of AI-enabled humanoid robots took the microphone Friday at a United Nations conference with the message: they could eventually run the world better than humans.

Stock markets diverge, dollar drops before US jobs data

Major stock markets diverged and the dollar fell Friday, with all eyes on more US jobs data for clues on the outlook for interest rates.

Watchdog urges Tunisia to stop expelling migrants to desert

Human Rights Watch on Friday urged Tunisia to put an end to what it called the "collective expulsions" of Black African migrants to a desert area near the Libyan border.

Global maritime sector agrees deal on carbon-reduction target

The International Maritime Organization, overseer of the highly-polluting shipping industry, sealed a landmark deal Friday to improve its target to cut carbon emissions but green campaigners said it fell far short.

Global maritime sector improves carbon-reduction target: draft deal

The International Maritime Organization, overseer of the highly-polluting shipping industry, has agreed to improve on its target to cut carbon emissions, according to a draft agreement seen Friday by AFP.

AIIB says internal review found 'no evidence' of China influence

The China-based Asian Infrastructure Investment Bank (AIIB) said Friday there was "no evidence" it was dominated by Beijing's ruling Communist Party, as it released a review into explosive claims made by a former executive.

Yellen says 'impossible' to decouple China, US economies

US Treasury Secretary Janet Yellen said Friday that a decoupling of the US and Chinese economies would be "virtually impossible" and would destabilise global markets, in comments made while on a visit to Beijing packed with talks with officials and businesses.

'No second chance' to save Sri Lanka, central banker warns

The man charged with clawing Sri Lanka out of bankruptcy says he had warned about economic calamity years before it hit -- and was pressed into retirement for his troubles.

Sri Lankans jump ship as a bankrupt nation struggles

The snaking queues for food and fuel that crisscrossed Sri Lanka last year have given way to a different kind of line -- people scrambling for travel documents to flee their bankrupt island.

Yellen to discuss US-China ties, global economic outlook in Beijing

US Treasury Secretary Janet Yellen begins a full day of meetings in Beijing including with Premier Li Qiang on Friday, as Washington seeks to steady the tense relationship between the world's top two economies.

Asian markets fall further as US data fans rate fears

Stocks tumbled again Friday in Asia after another round of strong US data reinforced expectations the Federal Reserve will resume its interest rate hikes as officials wrestle with stubbornly high inflation.

Pink macarons and empowerment: a day in the 'World of Barbie'

In the "World of Barbie," the news is always happy, the weather is always perfect, and the kitchen is always full of sweet pink macarons.

Tattoos cover up painful pasts for US sex-trafficking victims

Many tattoos carry a deeper meaning behind them. But for Emily, the "7" on her left leg represents a nightmare, a branding imposed by a pimp.

Musk threatens lawsuit as Twitter rival Threads takes off

Twitter threatened to sue Meta just hours after the Instagram parent company launched Threads, an app it hopes will beat out the struggling site owned by Elon Musk.

What we know about Threads, Meta's 'Twitter killer'

Threads, Mark Zuckerberg's Instagram-based challenge to dethrone Elon Musk's troubled Twitter, has already secured tens of millions of downloads, but it remains to be seen whether this Twitter rival will be a winning one.

Drills, red wine: Ukrainians ready for leak at Russia-held plant

In the southern Ukrainian city of Zaporizhzhia, couples stroll in a popular park and parents push their children on swings on a hot summer day.

Rome's historic bakery to the popes closes

The Arrigoni bakery has made bread for the popes for almost a century, from rosetta rolls to wholewheat loaves -- but mass tourism has proved deadly and no prayers can save it now.

Stocks sink on higher interest rate fears

Stock markets tumbled on Thursday as investors fretted over the prospect of more US interest-rate hikes and the risk of recession.

US safety regulators demand more records on Tesla Autopilot

US auto safety regulators have demanded additional information about Tesla's Autopilot, threatening civil penalties on the automaker for inadequate response, according to a document request reviewed Thursday by AFP.

Tens of millions sign up to Twitter rival Threads

More than 30 million people have downloaded Threads, Meta's rival to Twitter, within the first few hours of its launch, the company's CEO Mark Zuckerberg said Thursday.

What's behind the sudden easing of S.Africa power cuts?

South Africa's crippling blackouts have shrunk from up to 12 hours a day to just over two hours daily in recent weeks, after inflicting a massive hit on the economy.

TotalEnergies CEO says COP28 chief can press oil nations on climate

The head of French firm TotalEnergies says national oil giants from the Gulf and other nations must pull their weight against global warming, and the Emirati oil executive chairing the COP28 climate summit is right man to press them.

Stocks sink on higher US rate worries

Stock markets sank on Thursday as investors fretted over the prospect of more US interest-rate hikes and the risk to the global economy.

Rise of the robots: UN tries to tackle 'mind-blowing' growth of AI

The mind-blowing growth of artificial intelligence poses many questions that have no answers yet, the United Nations admitted Thursday at its AI summit, attended by some exceptionally life-like humanoid robots.

Volkswacht Bodensee - Economy (English)