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Featured

Unions to protest as Volkswagen thrashes out job cut plans

German auto giant Volkswagen's management meet Thursday to thrash out plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest any mass job cuts.

EU moves closer to kicking kids off social media

Restrictions on children's use of social media in the European Union could come as early as this summer, as a long-awaited expert report next week is expected to recommend limiting minors' access to online platforms.

Last news

Mexican and Russian oil shipments ease Cuban fuel crisis

With oil tankers docking from Mexico and Russia in recent days, Cuba could see its severe fuel shortage ease for the near future.

Ukraine coal propped up by miners who fled Russian occupation

Ukraine's energy sector is under attack.

Somalia security forces end hotel siege claimed by Al-Shabaab

Somali security forces brought to an end the siege of a hotel in the capital Mogadishu, state media said Saturday, after the Islamist Al-Shabaab group claimed responsibility for the attack.

Women rule on the Greek island of Karpathos

"Here it is women who command!" declared Rigopoula Pavlidis, as she sang the virtues of her remote village on the island of Karpathos, one of Greece's rare matriarchal societies.

Children lost for 40 days in Colombian Amazon found alive

The four Indigenous children who had been missing for more than a month in the Colombian Amazon rainforest after a small plane crash have been found alive, President Gustavo Petro announced Friday.

Pakistan unveils $51 billion budget, with half to service debt

Pakistan's cash-strapped government unveiled a 14.5 trillion rupee (around $50.5 billion) budget Friday, with over half set aside to service 7.3 trillion rupees of debt.

Turkey's 'genius' central banker faces high expectations

"Brilliant Turk" or "the genius": Turkish media are gushing over new central bank governor Hafize Gaye Erkan, who soared through the ranks of US financial firms but now faces the monumental task of curbing inflation and stabilising the falling lira.

Macron says 'positive' news on children hurt in France knife attack

French President Emmanuel Macron on Friday said the health of the preschool children badly wounded in a mass knife attack by a Syrian refugee was "heading in the right direction", as police questioned the attacker.

Indonesia Indigenous group requests internet blackout

An Indigenous community in Indonesia has requested an internet blackout in their area to minimise the "negative impact" of the online world, officials said Friday.

Stock markets mixed awaiting key US rate decision

European stock markets dropped after gains in Asia Friday as investors awaited next week's crucial interest-rate decision from the US Federal Reserve.

Former Wall Street exec named head of Turkey central bank

Turkish President Recep Tayyip Erdogan appointed former Wall Street executive Hafize Gaye Erkan as central bank governor on Friday, signalling a possible shift from his unconventional policies to fight soaring inflation.

Most markets rise on revived hopes for a Fed rate pause

Stocks rallied again on Friday, fired by renewed optimism that the Federal Reserve will hold off lifting interest rates next week as fresh data indicated further tightening in the US labour market.

Queens of the desert: drag show is oasis of glamour in rural S. Africa

Deep in South Africa's semi-desert Karoo region, a glittery drag show in an old hilltop hotel brings a burst of weekly excitement to a sleepy conservative town.

Asian markets rise on revived hopes for a Fed rate pause

Stocks rallied again in Asia on Friday, fired by renewed optimism that the Federal Reserve will hold off lifting interest rates next week as fresh data indicated further tightening in the US labour market.

US stocks push higher as eurozone slips into recession

Wall Street stocks shook off recent hesitancy and rallied Thursday, reflecting better sentiment on the US economy and a consensus view that the Federal Reserve will not hike interest rates next week.

GM reaches deal for access to Tesla's North American chargers

Tesla will open its North American electric vehicle charging network to cars from rival General Motors beginning in 2024, Tesla CEO Elon Musk and GM Chief Mary Barra announced Thursday.

Instagram 'most important platform' for child sex abuse networks: report

Instagram is the main platform used by pedophile networks to promote and sell content showing child sexual abuse, according to a report by Stanford University and the Wall Street Journal.

Ruby gemstone sells for record $34.8 million

A ruby sold at Sotheby's in New York on Thursday for $34.8 million, setting a new record price at auction for the precious stone.

Stocks mostly higher despite renewed rate hike worries

European and US equity markets mostly rose Thursday as investors bet on whether the Federal Reserve would keep raising US interest rates to combat stubbornly-high inflation.

Pakistan failing in every economic index: key survey

Pakistan failed to meet any economic growth targets for the fiscal year 2022-23, according to a key government report released Thursday -- a day before the new budget is to be presented to the national assembly.

Shares of renationalised French power firm EDF delisted

Shares in French power firm EDF were delisted on Thursday, nearly a year after the government decided to nationalise the firm to revitalise the country's nuclear power sector and help decarbonise the economy.

Family firm of UK's Princess Kate owes £2.6 mn

The family firm that turned the parents of Princess Catherine -- the wife of the heir to the British throne -- into millionaires left debts of nearly £2.6 million ($3.2 million) when it collapsed last month, a report by insolvency specialists has revealed.

UK clamps down on cryptocurrency sector

Britain's financial regulator on Thursday tightened rules over the promotion and selling of cryptocurrency as it seeks to protect consumers.

Turkmenistan vows to end smoking within two years

Turkmenistan's authoritarian leader launched an "unprecedented" anti-smoking crusade Thursday, ordering the Central Asia country to rid itself completely of tobacco within two years.

Stocks mixed as rate hike worries return

Major stock markets diverged Thursday as investors bet on whether the Federal Reserve would keep raising US interest rates to combat stubbornly-high inflation.

'Savings running out': high inflation hits Hungarians

Antal Palya looks for the cheapest cuts of chicken at a Budapest market. Others in Hungary, home to the European Union's highest inflation rate, now need food aid. For some in the middle-class, even poverty looms.

Eurozone in recession at start of 2023

The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second consecutive quarter, figures from the EU's statistic agency showed Thursday.

World warming at record 0.2C per decade, scientists warn

Record-high greenhouse gas emissions and diminishing air pollution have caused an unparalleled acceleration in global warming, 50 top scientists warned Thursday in a sweeping climate science update.

Markets mostly turn lower as rate hike worries return

Renewed fears that the US Federal Reserve will lift interest rates next week sent most markets into reverse Thursday, tracking losses across Wall Street and Europe, while traders were looking for measures from China to boost growth.

Campaigners see hope in Japan same-sex union rulings

A Japanese regional court on Thursday ruled the country's failure to recognise same-sex unions an "unconstitutional situation", offering hope to campaigners who have brought a series of lawsuits with mixed results.

Asian markets turn lower on fresh rate hike worries

Renewed fears that the Federal Reserve will lift interest rates next week sent Asian markets into reverse Thursday, tracking losses across Wall Street and Europe, while traders were looking for measures from China to boost growth.

Priests in Bolivia 'saints by day, demons by night': alleged victim

A Bolivian former seminarian who says he was the victim of a vast sex abuse network in the Catholic Church has told AFP of decades of "hell" meted out to children by men of the cloth.

Volkswacht Bodensee - Economy (English)