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Featured

Black and cream and very Roman at Fendi haute couture show

Fendi presented its first haute couture show under designer Maria Grazia Chiuri Thursday, showing off a luxurious collection of black and cream looks -- and an homage to longtime couturier Karl Lagerfeld.

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.

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HMV returning to site of flagship London music store

British music retailer HMV said Friday it will return to the site of its once-flagship store on London's Oxford Street after a turnaround in fortunes for the emblematic company.

'Smart mines' show coal deeply embedded in China's future

One hundred metres underground inside a pit in northern China, miners extract lumps of coal with the flick of a finger on a smartphone, as the country tries to drag the traditionally dangerous and dirty work into the digital era.

European stocks retreat as eurozone economy ekes out growth

European stock markets retreated Friday as official data confirmed the eurozone is struggling to grow.

ExxonMobil reports that Q1 profits double to $11.4 bn

ExxonMobil reported Friday that first-quarter profits more than doubled to $11.4 billion, as the US oil giant returned over $8 billion to shareholders during the period.

BBC boss quits over Boris Johnson loan

The BBC's chairman on Friday announced his resignation after his involvement in a loan for then UK prime minister Boris Johnson raised questions about the broadcaster's vaunted impartiality.

Taliban leader says UN Security Council 'pressure' won't work

A senior Taliban leader warned the United Nations Security Council Friday to give up its "failed policy of pressure" after members adopted a resolution condemning Kabul's growing restrictions on women.

German economy stagnates, teeters on brink of recession

Germany teetered on the brink of recession Friday after official data showed the economy stagnated in the first quarter despite expectations for a slight rebound, as the energy crisis weighed on Europe's top economy.

Eurozone GDP grows 0.1% in first three months of 2023

The eurozone economy lumbered forward in the first quarter, official data showed Friday, expanding just 0.1 percent over the previous quarter as high inflation and interest rates weigh on activity.

BBC chairman resigns over loan to Boris Johnson

BBC chairman Richard Sharp on Friday announced his resignation after an inquiry found he had breached rules for failing to declare his involvement in arranging a loan for then prime minister Boris Johnson.

Asian stocks rise on renewed confidence, strong earnings

Asian stocks enjoyed solid gains on Friday after a big finish on Wall Street, with renewed investor confidence and strong earnings by major industry players driving shares up.

Top-end models drive Mercedes profit growth

Mercedes-Benz said Friday its net profits rose by 12 percent in the first quarter to 4.0 billion euros, buoyed by demand for its vans and priciest premium cars.

Argentina VP Kirchner vows not to seek presidency again

Argentina's Vice President and former leader Cristina Kirchner has vowed not to seek a return to the highest office as the country gears up for the October election.

Bank of Japan maintains monetary easing but plans review

The Bank of Japan announced a review of its longstanding monetary easing measures on Friday, but said it would maintain them for the time being in the first policy decision under new governor Kazuo Ueda.

Bank of Japan to review, but maintain, easing measures

Libya green group battles to save remaining forests

War-ravaged Libya is better known for its oil wealth than its forests, but environmentalists hope to save its remaining green spaces from logging, development and the impacts of climate change.

China rehabilitation scheme makes morticians of murderers

Once jailed for murder, Cao Yongsheng now makes a living caring for the dead, benefitting from a bold rehabilitation scheme that's giving some of China's most serious criminals a second life as funeral workers.

Women take on Japan's political gender gap for 'true democracy'

Women are a rare sight in Japanese politics, but 20-year-old Rinka Saito is determined to run for office one day because "you can't have true democracy without diversity".

Quack 'aphrodisiac' from lizard a hit in Pakistan

In a clamorous bazaar, hot-blooded Pakistani men seek a cold-blooded cure for their sexual ills -- freshly rendered lizard fat, marinated in scorpion oil and garnished with filaments of a fiery red spice.

Amazon cloud and ad revenue grows as shoppers remain cautious

Online retail titan Amazon on Thursday reported that its cloud and ads units helped it beat earnings expectations in the first quarter of this year despite shoppers and businesses being more careful about spending.

DiCaprio and Scorsese talk 'Killers' as Rihanna hits CinemaCon

Martin Scorsese unveiled the first footage from his film "Killers of the Flower Moon" Thursday at CinemaCon, where his lead actor Leonardo DiCaprio and pop superstar Rihanna were among the surprise guests.

Relief rally on Wall Street after better-than-feared earnings

Wall Street stocks shook off recent weakness and powered higher on Thursday following strong results from Facebook parent Meta Platforms and mixed US economic data.

Amazon shares surge as earnings beat expectations

Shares in Amazon leapt on Thursday after the online retail colossus reported it made a lot more money than expected in the first quarter of 2023.

US to review migrants abroad, toughen penalties in revamp

The United States on Thursday revamped its policy on migrants by setting up processing centers overseas and toughening penalties for unlawful entry, anticipating a surge of arrivals as Covid-era rules expire next month.

UN, NGOs, warn of rising hunger deaths in Africa

Deaths from hunger are on the rise in Africa because of droughts worsened by climate change and conflict, UN officials and non-governmental organisations said Thursday.

Caterpillar shares fall despite strong results

Caterpillar reported higher profits Thursday and offered an upbeat outlook on industrial conditions, but shares fell amid worries over weakening global growth.

Ukraine PM invites pope to visit, urges help with deported children

Ukrainian Prime Minister Denys Shmyhal on Thursday invited Pope Francis to visit his country, during a meeting at the Vatican, where he also asked for help to return children forcibly taken to Russia.

Spain lawmakers pass key housing law ahead of elections

Spanish lawmakers on Thursday approved a housing bill aimed at capping soaring rents and addressing dire social housing shortages as the government seeks to bolster the right to affordable homes.

US growth cools in first quarter as recession fears deepen

US economic growth lost steam in the first quarter this year, said the Commerce Department on Thursday, as the possibility of a mild recession brews while consumer spending weakens.

Strong demand lifts American Airlines to profitable Q1

American Airlines reported a profitable first quarter Thursday and said persistently robust travel demand would translate to even stronger results in the current period.

Microsoft says EU more attractive after UK blocks deal

Microsoft on Thursday said the European Union was "more attractive" for businesses than post-Brexit Britain after the latter blocked its vast takeover of video game maker Activision Blizzard on competition fears.

Stocks rise, dollar falls before US growth data

Asian and European stock markets mostly edged higher and the dollar dropped Thursday ahead of first-quarter US growth data.

Spain to vote on key housing law ahead of elections

Lawmakers vote Thursday on a housing bill aimed at capping soaring rents and addressing Spain's dire social housing shortage as the government seeks to bolster the right to affordable housing.

Volkswacht Bodensee - Economy (English)