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Featured

US existing home sales dip in June as cost worries persist

Sales of previously owned homes in the United States dropped in June, according to industry data released Thursday, as affordability worries continued to weigh on property buyers.

Russia subjecting 1.6 million Ukrainian children to military brainwashing: OSCE report

Around 1.6 million young Ukrainians are being forced by Russia into a system of military indoctrination that could amount to a crime against humanity, according to OSCE-mandated independent experts.

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EU lawmakers eye ambitious AI regulation

The sudden popularity of ChatGPT and other AI tools is injecting urgency into Europe's drive to regulate the sector, which this week gets rolling seriously with an ambitious text to be voted on by EU lawmakers.

A mother's dilemma: When to flee Ukraine's front?

Karyna had just stepped inside to check on her 12-year-old son in the kitchen when Russian rockets exploded into her garden, leaving craters where her blossoming apple trees had stood.

Biden urges 'fair deal' for striking Hollywood writers

US President Joe Biden said Monday he wants to see striking movie and television writers in Hollywood promptly get a "fair deal" on contract negotiations.

Pakistan buys Russian oil but sees diversified future

Facing a deep economic crisis, Pakistan has started to buy Russian oil, but the country's petroleum minister says the future lies in diversified, especially green, energy.

Texas governor orders national guard to border ahead of rule change

The Republican governor of Texas on Monday ordered hundreds of National Guard soldiers to the US-Mexico border, in what he said was a bid to stem an expected surge of migration when Covid-era rules lapse this week.

Eyeing White House bid, DeSantis targets Chinese influence

Florida Governor and likely presidential candidate Ron DeSantis signed multiple bills Monday aimed at curbing Beijing's growing sway -- restricting real estate purchases in the southern US state by Chinese nationals and tightening access to video-sharing app TikTok.

US banks expect to tighten lending standards on sector worries

US banks tightened lending standards in the first few months this year, and expect this to continue over the rest of 2023, said a Federal Reserve survey released on Monday.

US, UAE announced climate farming fund has grown to $13 bn

Funding for a global initiative aimed at creating more environmentally friendly and climate-resilient farming has grown to $13 billion, co-leaders the United States and the United Arab Emirates said Monday.

Venezuelan migrants among 8 killed by SUV in Texas border town

Police in a Texas border city announced manslaughter charges Monday against a local resident who allegedly plowed his SUV into a crowd at a bus stop killing eight men, including several Venezuelan migrants.

Police complete recovery of 27 bodies from Peru mine tragedy

Police have completed the recovery of 27 bodies from a gold mine in southern Peru following a devastating fire, authorities said on Monday.

Stocks tread water awaiting US rate clues

European stocks ended little changed on Monday, reflecting a subdued opening on Wall Street, as investors eyed a new round of US inflation data this week that could determine the prospect for interest rates in the world's largest economy.

The TikTok star making serious points about poverty -- and ice cubes

Lying on his bed with a camera close to his face, Shabaz Ali raises his eyebrows, widens his eyes and drily ridicules the excessive lifestyles of internet influencers.

US needs $30bn to seal 14,000 unplugged offshore oil and gas wells: study

The cost to secure thousands of inactive oil and gas wells in the US Gulf of Mexico could top $30 billion, according to research published Monday weighing potential environmental damage against the estimated price tag.

New Indonesian fund promotes Indigenous role in climate change fight

Indonesian civil groups launched on Monday a multimillion-dollar fund aimed at empowering Indigenous and local communities across the Southeast Asian country in the fight against climate change.

European stocks tread water awaiting US rate clues

Stock markets in Europe were mostly flat on Monday, reflecting a subdued opening on Wall Street, as investors eyed a new round of US inflation data this week that could determine the prospect for interest rates in the world's largest economy.

Markets rise after strong US jobs, rebound in banks

Asian and European markets rose Monday, tracking a rally on Wall Street fuelled by a strong rebound in US regional banks and forecast-beating jobs data that eased fears over a recession in the world's top economy.

At least 8 killed as SUV rams group outside Texas migrant center

At least eight people were killed and several others injured on Sunday when an SUV ran a red light and plowed into a group waiting at a bus stop outside a migrant aid center in the US state of Texas, police said.

'We will win': Erdogan leads show-of-force rally in Istanbul

"Istanbul!" President Recep Tayyip Erdogan shouted to the sea of supporters he gathered for a show-of-force rally ahead of next Sunday's election -- the toughest of his two-decade rule.

Superhero fatigue? Not for the third 'Guardians' film

Despite talk of growing superhero fatigue among moviegoers, Marvel's "Guardians of the Galaxy Vol. 3" opened to a solid $114 million in ticket sales in North American theaters, industry watcher Exhibitor Relations reported Sunday.

Bolivian general who captured 'Che' Guevara dies

Bolivian general Gary Prado Salmon, who captured communist revolutionary icon Ernesto "Che" Guevara in 1967, died on Saturday aged 84, his son revealed on social media.

Sudan maternity hospital fights to save lives under fire

When a maternity hospital in the Sudanese capital came under bombardment, Esraa Hesbalrasoul snatched her premature twins from an incubator and rushed out in a panic.

Let down by Erdogan, Kurds cautiously back secular rival

Exhausted by crackdowns in Turkey's Kurdish heartland, Ali is backing the main rival of President Recep Tayyip Erdogan in elections next Sunday -- though his faith in the presidential hopeful is not great.

Opposition roadmap for undoing Erdogan's legacy

Turkey's multi-faceted opposition alliance wants to undo President Recep Tayyip Erdogan's two-decade legacy of highly centralised and religiously conservative rule.

Women's struggles under Erdogan's conservative rule

Turkish women have fought hard to protect their rights during two decades of socially conservative policies overseen by President Recep Tayyip Erdogan's Islamic-rooted party.

Boom and bust: Quakes define legacy of Turkey's 'Erdonomics'

The earthquake's frightening rumble came deep in the night. Its ferocity killed thousands of people in their sleep and helped bring down a Turkish government.

Turkey's undefeated Erdogan nears knife-edge vote

Turkish President Recep Tayyip Erdogan next Sunday puts his two-decade legacy on the line in a knife-edge vote against a powerful alliance built on anger over economic hardship and his authoritarian turn.

Erdogan's 'patient' rival Kilicdaroglu rides high before vote

Turkey's would-be successor to Recep Tayyip Erdogan has a deceivingly simple plan: ensure a smooth transition from two decades of Islamic-rooted rule and then leave after stripping the presidency of its powers.

Resourceful Gazans create work to overcome dire prospects

Seeking a path out of the Gaza Strip's grinding poverty, Islam Abu Taima combs market alleyways for scraps of cardboard, hoping to transform the castoffs into sellable toys.

Pricey training complicates US pilot diversity push

Caitlyn Blanco realized early on that there was no ready template to follow in her quest to become a professional pilot.

Airlines, unions in rare unity on US pilot diversity drive

Airlines and unions disagree on many aspects relating to today's tight labor market, but concur on at least one thing: the need to diversify the pilot workforce pool.

Buffett faults US government handling of banking crisis

Investment tycoon Warren Buffett said Saturday that messaging from the US government over the regional banking crisis had been "poor," suggesting that is why confidence has not returned among consumers.

Car blast wounds pro-Kremlin writer

A car explosion wounded pro-Kremlin writer Zakhar Prilepin on Saturday and killed one other person, officials said, the latest in a string of attacks that Russia has blamed on Ukraine.

Volkswacht Bodensee - Economy (English)