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Trump touts self-regulation at AI bosses lunch

President Donald Trump on Tuesday stressed self-regulation over government rules at a major gathering of artificial intelligence executives and government officials at the White House on Tuesday as Congress intensifies calls for stronger industry oversight.

Swiss regulator concludes Julius Baer bank probe

Switzerland's financial watchdog said Tuesday the bank Julius Baer committed "serious" regulatory violations, but the wealth manager's share price surged as investors turned the page on a probe partly linked to suspected breaches of anti-money-laundering rules.

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Biden cuts back Asia tour as hopes rise of debt deal

Joe Biden and opposition Republican leaders on Tuesday offered hope of a deal that could avoid a catastrophic US debt default, although the president was forced to shorten an upcoming Asia tour for further crisis talks.

ChatGPT's Altman pleads US Senate for AI rules

Sam Altman, the chief executive of ChatGPT's OpenAI, told US lawmakers on Tuesday that regulating artificial intelligence was essential, after his poem-writing chatbot stunned the world.

US sues to block $28 bn Amgen biopharma acquisition

US regulators filed a lawsuit Tuesday to block biopharmaceutical firm Amgen's proposed $28 billion takeover of drug maker Horizon Therapeutics, saying the transaction would harm consumers.

Johnny Depp receives warm welcome as comeback film opens Cannes

Johnny Depp was feted by fans on Tuesday as he arrived on the red carpet ahead of the screening of his comeback movie at the opening of the Cannes Film Festival, which has sparked anger over the choice to celebrate the divisive megastar.

Brazil's Petrobras scraps international price peg

Brazilian state-run oil company Petrobras said Tuesday it has ended its policy of pegging fuel prices to the international market, an overhaul promised by President Luiz Inacio Lula da Silva that had initially triggered investor jitters.

Republicans, Democrats trade blame before US debt talks

President Joe Biden and Republican leaders are set to reconvene Tuesday for crunch talks on raising US borrowing limits, with a possible debt default now just weeks away.

Martha Stewart, 81, is oldest Sports Illustrated swimsuit cover model

American lifestyle guru Martha Stewart has become the oldest cover model for Sports Illustrated's annual swimsuit edition, at the age of 81.

US retail sales, industrial production post April gains

Retail sales in the United States returned to growth in April fueled by a rebound in motor vehicle sales, data released Tuesday showed, but not by as much as many expected.

Stocks drift lower as US struggles to reach debt deal

European and US drifted lower Tuesday as traders awaited possible developments on a US debt deal necessary to avert a default.

Gazans amid the rubble of homes flattened by fighting

After her house was levelled by an Israeli strike, Najah Nabhan wonders what will become of her and dozens of relatives left homeless by the latest fighting to hit Gaza.

Mishandling of luggage soars as air travel rebounds: study

The rate of lost, damaged or delayed luggage nearly doubled last year as air travel rebounded and the sector faced staff shortages following the Covid pandemic, a study found on Tuesday.

WHO warns against using artificial sweeteners

Artificial sweeteners, used to replace sugar in a vast range of products, do not help in losing weight and can have serious health effects, according to the World Health Organization.

Stocks lack direction as US struggles to reach debt deal

European stock markets edged higher Tuesday after a mixed showing in Asia, as traders grew increasingly concerned by the lack of a US debt deal necessary to avert a default.

Namibia recognises same-sex marriages concluded abroad with foreign spouse

Namibia's Supreme Court on Tuesday recognised same-sex marriages contracted abroad between citizens and foreign spouses, a landmark ruling in a country where homosexuality is illegal.

Coming years 'critical' to slash plastic pollution: UN

The world must halve single-use plastics and slash throwaway consumption to stem the tide of environmental pollution, according to a UN report on Tuesday that warns the next few years are critical.

Ex-Audi boss pleads guilty in German 'dieselgate' trial

Ex-Audi CEO Rupert Stadler pleaded guilty at his "dieselgate" fraud trial in Germany on Tuesday, becoming the highest-ranking former executive to make a confession in the emissions cheating scandal that rocked the car industry.

Taiwan expands adoption rights for same-sex couples

Taiwan's parliament passed an amendment on Tuesday allowing gay couples to jointly adopt children, a move hailed by activists as "another big step forward" for marriage equality.

China economic data for April miss expectations as demand cools

China's economic data for April missed expectations last month, official figures showed Tuesday, as low demand and high youth unemployment led to a patchy recovery after lifting strict Covid rules.

China courts Central Asia as Russia's influence wanes

China is renewing its push for massive infrastructure projects in Central Asia as Beijing aims to fill the vacuum left in former Soviet states by Russia, which is ensnared in a widening net of Western sanctions over the Ukraine war.

Biden-McCarthy debt talks to resume after new default warning

President Joe Biden and Republican leaders are set to reconvene Tuesday for crunch talks on raising US borrowing limits, with a possible debt default now just weeks away.

Asian markets wobble as US struggles to reach debt deal

Equities were mixed in Asia on Tuesday as traders grow increasingly concerned that US lawmakers remain far apart in their bid to raise the country's borrowing limit to avert a default.

Online search to make up lost time with AI

Online search, dominated by Google for 25 years, has become as banal as making a phone call, but it could finally be getting a profound reset thanks to artificial intelligence.

Yellen reiterates debt default warning before Biden-McCarthy talks

Treasury Secretary Janet Yellen said new data reinforced an earlier warning that the US could default on its debts as early as June 1, ahead of crunch talks Tuesday between President Joe Biden and Republican leaders.

Ex SVB head says social media 'fueled' run on doomed bank

The former head of Silicon Valley Bank blamed the lender's sudden collapse on a "social media fueled run" on it, according to congressional testimony released Monday.

France probes Apple over restricting smartphone repair

France is investigating US tech giant Apple over it allegedly planning for smartphones to become out of date through restricting their repair, prosecutors and an association said on Monday.

Argentina ramps interest rate to 97% as inflation soars

Argentina's central bank hiked its base interest rate Monday by six points to 97 percent as the government prepares to announce a spate of measures to tackle soaring inflation ahead of October's general election.

Islamic scholar Tariq Ramadan goes on trial over alleged rape

The Swiss Islamic scholar Tariq Ramadan went on trial in Geneva on Monday charged with "rape and sexual coercion", allegations which the former Oxford University professor denied.

Climate change makes cyclones more intense, destructive: scientists

Climate change does not make cyclones, such as that battering Bangladesh, more frequent but it does render them more intense and destructive, according to climatologists and weather experts.

Stocks skittish as US debt talks continue

Wall Street stocks failed to gain traction Monday after President Joe Biden said he was "optimistic" about finding an agreement on averting a first-ever US default.

Macron, Musk meet in Paris to discuss investment projects

President Emmanuel Macron met billionaire businessman Elon Musk on Monday to discuss future investment projects, as the French leader hosts a conference aimed at persuading business leaders to put their money in France.

Stock markets jump with focus on US debt, elections

Major stock markets advanced Monday after President Joe Biden said he was "optimistic" about finding an agreement on averting a first-ever US default.

Europe resists energy crunch, boosting growth forecast

Europe's economy rode out the energy price crisis triggered by Russia's war on Ukraine with better than expected economic growth, Brussels said Monday, as it boosted its forecast.

Volkswacht Bodensee - Economy (English)