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Asian stocks drop as oil spike fans rate hike bets, eyes on US jobs

Asian stocks dropped Friday as investors grow increasingly concerned about surging oil prices and bond yields, while key jobs data later in the day will be pored over for an idea about the Federal Reserve's next interest rate move.

Anthropic's Dario Amodei: AI's most visible CEO and enigma

The surge in artificial intelligence and the heated debate around its risks have made Anthropic CEO Dario Amodei the most visible tech leader -- though the 43-year-old remains an enigma.

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EU formally starts probe into Chinese electric cars subsidies

The European Union said Wednesday that it had "sufficient evidence" of illegal Chinese electric car subsidies as it officially launched an inquiry that has enraged Beijing.

European stock markets rise as US bond yields surge

Stock markets diverged Wednesday with investors on edge as US and German bond yields jumped over fears that interest rates will stay high for longer.

Turkish TV editor goes on trial over Ocalan comments

A Turkish opposition TV channel editor went on trial on Wednesday over on-air comments about jailed Kurdish insurgency leader Abdullah Ocalan that could put him behind bars for more than 10 years.

1,000 migrants dream of US on train ride through Mexico

More than a thousand migrants rode atop a freight train to the edge of the US border on Tuesday after dodging authorities on a 10-day journey through Mexico.

UK supermarket Tesco says profits surge as costs drop

Britain's largest retailer Tesco on Wednesday said half-year net profit soared on slashed costs, and forecast a further slowdown in food price inflation.

Marcos lifts cap on Philippines' rice prices

Philippine President Ferdinand Marcos lifted a price ceiling on rice Wednesday, weeks after capping the cost of the staple to support poor households.

Venice mourns after 21 killed in bus accident

Flags flew at half-mast over Venice Wednesday after 21 people including a toddler were killed when a bus careered off an overpass and caught fire.

Markets fall on rate fears as bond yields rise

Markets fell Wednesday as robust US employment data and rising Treasury yields stoked fears that interest rates will be higher for longer.

'Zero income' after storms ravage famed Greek apple harvest

Engine revving, Greek apple farmer Thymios Economou strains to drive a pickup truck through a rock-strewn dirt road and reach his flood-stricken orchard.

Asian markets fall on rate fears as bond yields rise

Asian markets fell across the board Wednesday following Wall Street's lead after robust US employment data and rising Treasury yields exacerbated fears that interest rates will be higher for longer.

US jobseekers face tougher search despite robust market

For the past year, Taylor Simpson has been searching for a stable job while working part-time, but she is struggling to find a position she likes even though companies are hiring.

United orders 110 new planes from Boeing, Airbus

United Airlines announced Tuesday it had ordered a total of 110 new planes from Boeing and Airbus, and secured options to purchase 90 more, in a major deal signaling confidence in the aviation sector.

21 killed after bus falls from Venice bridge and catches fire

At least 21 people, including two children and foreigners, were killed Tuesday and several others wounded when a bus running on methane plunged off a bridge in Venice and caught fire.

Stock markets drop as key Treasury yield hits 16-year peak

Global stocks tumbled Tuesday after a closely watched US bond benchmark hit a 16-year high, exacerbating worries about elevated interest rates as the dollar briefly topped 150 yen.

Top US court weighs major curbs to power of federal regulators

The US Supreme Court on Tuesday began hearing a series of cases that could result in a generational contraction in the power of federal agencies to regulate businesses and corporate fraud.

Meta plans to charge Europeans for ad free Facebook and Instagram: source

Meta is proposing to offer European users a subscription-based version of Instagram and Facebook if they would rather not be tracked for ads, a source said on Tuesday.

GM reports higher Q3 sales as strike tests outlook

General Motors reported higher third-quarter US auto sales Tuesday behind robust consumer demand, notching a strong performance that will be tested by an ongoing labor strike.

Stock markets drop as rate fears take hold; dollar climbs

Stock markets slumped across the board Tuesday after US jobs data signalled the labour market remained buoyant, reinforcing a conviction that interest rates will remain higher for longer as the Federal Reserve tries to bring inflation under control.

Trial of disgraced crypto star Bankman-Fried begins

The trial of Sam Bankman-Fried, former CEO of one of cryptocurrency's biggest exchanges, began Tuesday with a jury set to determine if he committed massive fraud by stealing billions of dollars from clients.

Beyonce 'Renaissance' film to hit theaters in December

Beyonce over the weekend wrapped her much-touted Renaissance World Tour, a 56-show performance epic promoting her lauded album that pays homage to dance and disco.

'Be brave! Tell the truth': Ian McEwan rails against sensitivity readers

The acclaimed British novelist Ian McEwan is baffled by the current obsession with sensitivity in the publishing world. "Be brave," he urged young writers.

EU moves to protect sensitive tech from rivals, China

The EU unveiled Tuesday a list of sensitive technologies that should be kept out of the hands of rivals, as the bloc takes further measures to confront China's aggressive trade policies.

Stock markets drop as rate fears take hold

Stock markets slumped across the board Tuesday on growing worries that high interest rates will take a toll on economic growth, as central bankers pursue their efforts to rein in inflation.

Energy transition at risk from commodity market fragmentation: IMF

Growing geopolitical fragmentation since the invasion of Ukraine has hit commodity markets, threatening to slow the transition to renewable energy as the world looks to combat climate change, the International Monetary Fund said Tuesday.

London Tube workers suspend planned strikes

Workers on the London Underground on Tuesday suspended their latest round of strike action over pay and conditions after a breakthrough in talks.

Ford, GM lay off about 500 more US workers due to strike

Ford and General Motors said around 500 more workers have been temporarily laid off due to "knock-on effects" from the ongoing strike at Detroit's "Big Three" automakers.

Macron party plans bill to squash France bedbug 'scourge'

The party of French President Emmanuel Macron on Tuesday said it would this year put forward a bill to combat surging numbers of reported bedbug cases, which are being increasingly seen as a major potential public health problem.

Stock markets drop, oil prices extend losses

Major stock markets mostly fell and oil prices cooled further Tuesday as traders weighed the prospect of inflation and interest rates staying high for a prolonged period.

China's Evergrande up 28% in Hong Kong after trade resumes

Shares in heavily indebted Chinese property giant Evergrande ended higher Tuesday, resuming trade following last week's suspension and the firm's announcement its boss was under criminal investigation.

China's Evergrande closes up 28% in Hong Kong after trade resumes

Shares in heavily indebted Chinese property giant Evergrande ended higher Tuesday as they resumed trade following last week's suspension when the firm announced its boss was under criminal investigation.

Turkey's inflation hovers near 60% after policy U-turn

Turkey's annual inflation rate held steady near 60 percent last month, official data showed Thursday, offering the first evidence that President Recep Tayyip Erdogan's economic policy U-turn was working.

Markets fall on rate concerns

Markets fell Tuesday on concerns over interest rates following hawkish comments by a senior Federal Reserve official indicating the central bank was likely to keep them higher for longer.

Volkswacht Bodensee - Economy (English)