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Featured

Certification of Boeing 737 MAX delayed by software bug

US air safety regulators are delaying certification of the 737 MAX 10 until determining a fresh software glitch poses no safety risk, a top official said Monday.

Celine Dion wows Paris Fashion Week with surprise gig

Celine Dion kicked off Paris Fashion Week in style on Monday, stepping onto the catwalk beneath the Eiffel Tower and belting out "I'm Alive" to a delighted crowd in a surprise performance.

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Hats off as intelligence operatives hound matchfixers

A spectator removing their hat or taking off their jacket at a sporting event sounds innocuous but it can be a sign the match in question is fixed, Sportradar's Director of Intelligence and Investigations told AFP.

L'Oreal buys Australian brand Aesop from Natura in $2.5 bn deal

L'Oreal announced Tuesday the signing of an agreement with Brazil's Natura & Co to acquire its Australian luxury cosmetics brand Aesop in a deal valued at $2.53 billion.

Soaring inflation wallops Cubans already battling shortages

Cuban retiree Xiomara Castellanos gets a monthly pension equivalent to $13.80. A carton of 30 eggs in the inflation-battered country costs $14.10 -- almost four times more than two years ago.

ADB says developing Asia's growth to accelerate after China reopening

The Asian Development Bank raised its 2023 growth forecast for developing Asia on Tuesday, after China's abrupt loosening of Covid-19 restrictions and reopening of its borders brightened the region's prospects.

Mixed auto sales in US paint murky picture of car consumers

Automakers reported mixed first-quarter US car sales Monday as some sedan models saw gains in a sign that vehicle affordability may be shifting consumer behavior.

How Russia will benefit from fresh oil production cuts

The shock announcement by several OPEC+ members to voluntarily cut their oil production by more than a million barrels per day from May has sent world oil prices soaring, in a move widely seen as the tightening of the bond between Russia and Saudi Arabia.

Greece border security under spotlight in election campaign

The rocky road running past dilapidated homes ends abruptly at a thick, five-metre-high metal barrier -- the end of the European Union, and Greece's border with Turkey.

Kenya to launch first operational satellite next week

Kenya will launch its first operational satellite next week in a landmark achievement for the country's space programme, the government said on Monday.

France's Macron opens way to potential assisted dying legalisation

France could be the next European country to legalise euthanasia for the terminally ill after President Emmanuel Macron on Monday called for a law on a "French model on the end of life" within months.

Oil market surges on shock output cuts

World oil prices soared Monday after several top producers led by Saudi Arabia sprang surprise output cuts that defied US calls for higher production to keep inflation down.

Greek trains resume on route of deadly train crash

Five weeks after Greece's worst rail disaster, which killed 57 people, partial service resumed on Monday on the main train line linking Athens and Thessaloniki, the country's second-largest city.

Turkey's inflation slows to 50% ahead of election

Turkey's annual inflation rate slowed to 50 percent in March, official data showed on Monday, delivering another boost for President Recep Tayyip Erdogan ahead May elections.

'It hurts': DR Congo currency drops amid war spending, arrears payments

A falling local currency, salary arrears payments and war spending have pushed up prices in impoverished Democratic Republic of Congo, leaving locals struggling to afford basics.

Oil prices soar as producers unveil shock output cut

Oil prices soared Monday after top producers unveiled a shock output cut of more than a million barrels, while equities mostly rose after data showed US and European inflation eased further last month.

Business confidence slumps among Japan's big manufacturers

Japan's largest manufacturers feel less optimistic about business conditions with confidence falling to its lowest level in more than two years, a key survey showed Monday.

Montenegro's veteran leader Djukanovic loses presidential run-off

Montenegro's political establishment was rocked Sunday night after long-time leader Milo Djukanovic suffered a crushing defeat in the country's presidential run-off to the upstart Jakov Milatovic, ending decades of rule by the incumbent.

Oil powers announce surprise cuts of more than 1 million bpd

Major oil powers led by Saudi Arabia announced a surprise production cut of more than one million barrels per day on Sunday, calling it a "precautionary" move aimed at stabilising the market.

'Dungeons & Dragons' finds N. America moviegoers are game

"Dungeons & Dragons: Honor Among Thieves" scorched the competition in North American theaters this weekend with an opening take estimated at $38.5 million, industry watcher Exhibitor Relations said Sunday.

Swiss prosecutors say investigating UBS-Credit Suisse merger

Swiss federal prosecutors said Sunday that they had begun investigating the UBS takeover of its embattled banking rival Credit Suisse.

Barcode turns 50 but its days might be numbered

The patch of irregular vertical lines that revolutionised checking out at the supermarket and facilitated the globalisation of retail is turning 50.

Boon or blight? E-scooters around the world

The for-hire electric scooters that have become ubiquitous in Paris and other cities worldwide are under scrutiny in the French capital, where residents vote Sunday on whether to ban them.

Paris votes on whether to ban e-scooters for hire

Voters in Paris are set to decide Sunday on whether to banish electric scooters for rent from the streets of the French capital, which was a pioneer in adopting the divisive new form of urban transport.

Deadly storms and tornadoes sweep through central US

A major storm system bore down on the US east coast on Saturday, after producing tornadoes and devastating winds across several central states that killed at least 11 people.

Battle in Colombia over river-wrecking gold 'dragons'

The giant skeletons of burnt and dismantled gold dredgers litter the rivers of northwest Colombia, where the government is waging a full-out war on illegal mining.

Musk defends paid Twitter as blue tick ultimatum looms

Elon Musk on Friday defended his controversial pay model for Twitter, claiming that any social media platform that didn't follow suit would fail because they would be swarmed by bots.

IMF approves $15.6 bn Ukraine loan package

The International Monetary Fund has approved a $15.6 billion support package for Ukraine to assist with the conflict-hit country's economic recovery, the fund said in a statement Friday.

Fifteen hurt as two Swiss trains derail in storm

Fifteen people were injured, including at least one seriously hurt, in two separate train derailments that happened in quick succession Friday in stormy wind in northwestern Switzerland, police said.

Andrew Tate to move from jail to house arrest: Romania court

A Romanian court on Friday ordered that controversial influencer Andrew Tate and his brother be moved from jail to house arrest while they are investigated for alleged human trafficking and rape.

Mixed reception to UK unveiling trans-Pacific trade pact membership

The UK's announcement that it will soon join 11 other countries in a major Asia-Pacific trade partnership -- the country's biggest post-Brexit trade deal to date -- earned a mixed reception on Friday.

Pirates kidnap six crew from Danish ship off West Africa

Pirates who seized a Danish oil tanker off Congo last week have kidnapped six crew and abandoned ship, the French navy said Friday.

Eurozone and US inflation slow, bringing respite to policymakers

Eurozone inflation slowed sharply in March while US price increases eased last month as well, official data showed Friday, offering some relief to policymakers.

Italy blocks AI chatbot ChatGPT over data privacy failings

Italy said on Friday it was temporarily blocking ChatGPT over data privacy concerns, the first western country to take such action against the popular artificial intelligence (AI) chatbot.

Volkswacht Bodensee - Economy (English)