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Global stocks mixed as markets weigh higher oil prices, bond yields

Wall Street stocks finished mixed Wednesday after US data gave a reassuring picture on the economy while lofty bond yields weighed on sentiment.

UK-France Channel migrant exchange deal scrapped: London

A year-old deal between France and Britain to return migrants crossing the Channel illegally on small boats has come to an end, the UK interior ministry said Wednesday.

Last news

China's economy shows further weakness in second quarter

China's economy showed further signs of weakness in the second quarter as data Monday showed growth missed expectations and consumers remained cautious, adding pressure on leaders to unveil further stimulus.

Markets struggle as rally fades, China growth misses forecasts

Asian markets struggled Monday to build on last week's rally, with new data showing China's economy grew less than expected in the second quarter as its post-Covid recovery runs out of steam.

China's economy grew 6.3% on-year in second quarter

China's economy grew 6.3 percent year on year in the second quarter, a figure that belies the country's slowing post-pandemic recovery and one that analysts warn is inflated given the low base of comparison with lockdown-wracked 2022.

China's economy grew 6.3% on-year in second quarter: official data

China's economy grew 6.3 percent year-on-year in the second quarter of 2023, official data showed Monday, despite a patchy post-Covid rebound in recent months.

Ukraine grain deal in peril, fierce fighting in the east

The clock was ticking down Monday on the deal that allows Ukraine to export its grain via the Black Sea, with the agreement set to expire at midnight Istanbul time (2100 GMT).

'Haunted Mansion,' a premiere without stars as strike bites

The first major world premiere since Hollywood actors went on strike featured no stars -- and a mournful director who said he backed the walkout but missed his cast "terribly."

UK formally signs up to trans-Pacific trading bloc

The UK government on Sunday hailed what it said was its biggest trade deal since Brexit, as it formally signed a treaty to join a major Indo-Pacific bloc.

San Francisco's race for robo-taxis cleaves sharp divide over safety

A driverless taxi slows down on a dark San Francisco street and is quickly surrounded by a group of masked figures.

Musk says Twitter has lost half its advertising revenue

Twitter owner Elon Musk said Saturday that the social media platform he bought for $44 billion last October has lost roughly half of its advertising revenue.

French war photographer Marie-Laure de Decker dead at 75

Marie-Laure de Decker, the French model who stepped behind the camera to become an internationally recognised war photographer, has died at the age of 75, her family said Saturday.

Azerbaijan, Armenia hold talks, Russia proposes Moscow summit

Azerbaijan and Armenia held a fresh round of EU-mediated peace talks Saturday, while Russia offered a summit in Moscow in a bid to reassert a lead role in the normalisation process.

Azerbaijan, Armenia hold Brussels talks, Russia proposes Moscow summit

Azerbaijan and Armenia held a fresh round of EU-mediated peace talks Saturday, while Russia offered a summit in Moscow in an effort to reassert a lead role in the normalisation process.

'Like Ons Jabeur': Young Tunisian girls dream of tennis glory

At a sporting club in Tunis, young girls enthusiastically hit yellow tennis balls across the court in the hope of one day making it to Wimbledon, like their idol Ons Jabeur.

Strikes strand thousands of tourists in Italy, Belgium

Strikes by airport and airline staff grounded hundreds of flights and left thousands of travellers stranded in Europe on Saturday at the height of the busy summer tourism season.

Paraguay's Pena says Taiwan ties make 'more sense' than China

Paraguay's formal ties with Taiwan make "more sense" than recognising China, and will be a greater boost to development in the South American nation, president-elect Santiago Pena said Saturday.

Viral caffeine-heavy drink raises concerns for US kids

With its extremely high levels of caffeine, a hip new soft drink is raising fears in the United States that it might be dangerous for children, who have been snapping up the beverage since it was launched by famous YouTube personalities.

'Artificially high' growth predicted for China in Q2: survey

China's economic growth is expected to have surged in the second quarter, an AFP survey has forecast, but analysts say Monday's figures will be misleadingly inflated given the low base of comparison with pandemic-wracked 2022.

Global stocks mixed as Wall Street rally begins to tire

World stock markets were mixed Friday as a Wall Street rally showed signs of fatigue, despite solid bank earnings and improving inflation data.

Striking actors join picket lines as Hollywood shuts down

Actors took to picket lines outside Netflix and other studio headquarters in Los Angeles on Friday as movie and television production ground to a halt in the most serious Hollywood strike in decades.

Stocks mostly rise as profits please and recession worries ease

World stock markets mainly rose Friday as companies reported better-than-expected earnings and investors hoped easing US inflation would mean an end to rate hikes is near.

UN rights council calls for AI transparency

The UN Human Rights Council on Friday called for transparency on the risks of artificial intelligence and for the data harvested by AI to be used responsibly.

Transgender cyclists barred from women's competition - UCI

Female transgender riders who transitioned after male puberty will be prohibited from women's events in all categories of cycling, the sport's governing body said on Friday.

Iraqis beat summer heat by swimming in shrinking Tigris river

With scorching temperatures and power cuts, Wissam Abed cools off from Baghdad's brutal summer by swimming in the Tigris river, but as Iraqi rivers dry up, so does the age-old pastime.

US banks caution on economy as Fed rate hikes boost earnings

Results of large US banks released Friday underscored the boon from higher interest rates, as executives described the world's biggest economy as "resilient" but facing risks.

Stock rally rolls on as profits please and recession worries ease

World stock markets mainly rose Friday as companies reported better-than-expected earnings and investors are hopeful easing US inflation means an end of rate hikes is near.

Markets mostly rise on hopes Fed near end of rate hike cycle

World stock markets mainly rose Friday as easing US inflation continued to spark hope of a pause to Federal Reserve rate hikes, while investors awaited key bank results on Wall Street.

Ericsson and Nokia feel squeeze of interest rates hikes

Interest rate hikes are forcing mobile operators to scale back investment in 5G networks, with equipment manufacturer Ericsson reporting Friday a rare net quarterly loss and Nokia lowering its outlook.

Burberry sales jump on China boost

British luxury fashion house Burberry on Friday logged a jump in quarterly sales on surging demand in China after the key market lifted Covid restrictions.

Russian transgender people 'in total despair' over new bill

"Nikolai", a 21-year-old transgender man, says he does not know how he can keep living in Russia after lawmakers moved to outlaw gender transitions.

'Like hell': India's burning coalfields

Deadly fires have raged for a century in mines in India's Jharkhand state, where Savitri Mahto is one of 100,000 people risking their lives shovelling coal to supply insatiable demand.

Markets extend rally on hopes Fed near end of rate hike cycle

Asian traders on Friday welcomed more data showing falling US inflation, giving the Federal Reserve room to bring the curtain down on more than a year of interest rate hikes.

In Sao Paulo, boom of apartments the size of hotel rooms

Lara Maia types on her laptop perched on a small desk occupying a gap between the fridge and wardrobe in her micro-apartment in Sao Paulo, Latin America's most populated city.

Volkswacht Bodensee - Economy (English)