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Featured

Iran stands firm on Hormuz plan after US rejection

Iran stood firm Sunday on its conditions for reopening the Strait of Hormuz, despite US President Donald Trump's rejection of the proposal that had created some optimism for breaking the Mideast war stalemate.

Italy winemakers hail bumper harvest but cut output

Wine growers in Italy's Piedmont region are celebrating a bountiful harvest despite the extreme heat but warn they have to cut production because of trade headwinds and changing consumer habits.

Last news

Regret takes hold in Brexit bastion

Grays, a town near London, voted overwhelmingly in favour of Brexit. But three years after severing ties with the EU, some are feeling remorse as the country lurches from one crisis to another.

Shares in India's Adani plunge 15% after fraud claims

Trading in the business empire of Asia's richest man Gautam Adani was halted Friday following a 15 percent plunge in its share price, days after a US investment firm claimed it had committed "brazen" corporate fraud.

Shares in India's Adani fall again after fraud claims

Shares in the business empire of Asia's richest man Gautam Adani sank again Friday after the conglomerate slammed a US investment firm that claimed it had committed "brazen" corporate fraud.

Peru says army, police to clear protester roadblocks

The Peruvian government said Thursday that police and soldiers would soon move to dismantle roadblocks on the nation's highways erected by protesters who have demanded for weeks the resignation of President Dina Boluarte.

EU dangles visa threat over nations refusing to take back migrants

EU interior ministers reached "consensus" Thursday to warn outside countries refusing to take back irregular migrants they risked tighter visa restrictions to Europe, Sweden's migration minister said.

Joy as Salvador families recover homes from gang control

For two painful decades, going home was not an option for Ana Vilma Cuellar. But at long last, the 62-year-old has recovered her house in La Campanera, a neighborhood on the outskirts of San Salvador that had been completely taken over by armed gangs.

Luxury giant LVMH sales, profit hit new highs

The world's top luxury group LVMH said Thursday that its sales and net profit both hit new heights last year, driven by strong demand in Europe, the United States and Japan.

American Airlines bullish on demand as Southwest reports loss

American Airlines offered a confident outlook on 2023 travel demand Thursday after reporting record quarterly revenues, while Southwest Airlines continued to suffer the effects of recent operational problems.

French luxury group LVMH posts record sales, net profit for 2022

The world's top luxury group LVMH said Thursday that its sales and net profit both hit new heights last year, driven by strong demand in Europe and the United States.

Rich EU consumers 'outsource' environmental impact to poorer neighbours

Consumption patterns in wealthy European Union countries are having detrimental environmental impacts in poorer EU nations, a study Thursday found, exposing harmful inequalities on the continent.

New US home sales fall in 2022 on higher mortgage rates

Sales of new US homes exceeded expectations in December but slumped for all of 2022, according to government data released Thursday, as higher mortgage rates weighed on potential buyers.

Bond actress Eva Green enters High Court battle over unmade film

A lengthy legal dispute over a never-made film starring French actress Eva Green reached London's High Court on Thursday.

US growth slows in 2022 as downturn fears loom

The US economy grew at a slower pace in 2022, the Commerce Department said Thursday, as activity eased in the final months of the year and recession fears loomed.

Cyprus workers strike over stalled cost-of-living talks

A general strike Thursday paralysed Cyprus for three hours, affecting schools, hospitals, government services and the private sector, as labour unions demand wages be adjusted to decades-high inflation rates.

Israeli president urges EU to up fight against anti-Semitism

Israel's President Isaac Herzog on Wednesday urged Europe to fight anti-Semitism "at all costs", in the face of a worrying increase in hatred being spread notably online.

Markets mostly rise before key US GDP data

European stock markets chased Asia higher Thursday before key US data that could shed light on the Federal Reserve's outlook for interest rates.

Toyota to replace Akio Toyoda as president and CEO

Toyota named Koji Sato president and CEO on Thursday, in a surprise reshuffle that sees third-generation chief executive Akio Toyoda step aside to become board chairman of the world's top-selling automaker.

Hong Kong reopens to lead Asian rally

Most Asian markets rose Thursday as the majority returned from the Lunar New Year break on an optimistic note, with inflation slowing and central banks hinting at a lighter approach to tackling prices.

UK cost-of-living crisis pushes mothers to the brink

At an east London church on a bitterly cold winter's day, Beautine Wester-Okiya picks her way through boxes of donated baby clothes, toys and other assorted items destined for local people battered by the UK's cost-of-living crisis.

Toyota says replacing Akio Toyoda as president and CEO

Toyota named Koji Sato as its new president, CEO, and operating officer Thursday, replacing third-generation chief executive Akio Toyoda -- who will become board chairman.

US growth expected to slow in fourth quarter as downturn fears loom

The US economy is forecast to have grown but at a slower pace in the final months of 2022, helped by consumption and business investment although recession fears loom.

'Invasion Day' rallies mark divisive national holiday in Australia

Thousands protested Australia's increasingly divisive national day Thursday as the public debates whether the country's Indigenous population should be recognised in the constitution.

IBM to cut 3,900 jobs as it reorganizes business

IBM will slash some 3,900 jobs, slightly more than one percent of its workforce, related to businesses it has divested, a source close to the matter told AFP on Wednesday.

Peru faces food, fuel shortages as Boluarte defiant

Shortages in Peru of basic products, including increasingly expensive fuel and food, mount further Wednesday, as the president remained defiant in the face of relentless protests.

Hong Kong returns to lead most Asian markets higher

Migrants in Morocco limbo as they cling to Europe dreams

Oumar left home in Guinea five years ago in search of a better life in Europe, but today he inhabits a daily purgatory of hunger, cold and police violence in Morocco.

Meta says Trump to be allowed back on Facebook, Instagram

Social networking giant Meta announced Tuesday that it would soon reinstate former US president Donald Trump's accounts on Facebook and Instagram with "new guardrails," two years after he was banned over the 2021 assault on the Capitol.

Stocks slip before US economic updates and on earnings worries

European and US stock markets slid on Wednesday as investors reacted to underwhelming company earnings and braced for economic growth data in the United States.

Elderly, Asian gunman outlier in US mass shootings

Mass shootings in the United States have become agonizingly common, but the two recent incidents in California stand out for their difference: the alleged attackers were men of Asian descent, both elderly.

Boeing reports Q4 loss but reaffirms 2023 targets

Persistent supply chain woes and staffing issues led to another quarterly loss at Boeing, but the company on Wednesday confirmed its 2023 outlook amid strong aviation demand.

Microsoft users kicked out of apps during global outage

US tech giant Microsoft said on Wednesday it had suffered a global outage that limited access to software including Outlook and Teams for several hours.

Former McDonald's reopen in Kazakhstan without logo

Several restaurants that used to work under the McDonald's brand in Kazakhstan reopened on Wednesday without the chain's logo, weeks after the fast-food giant exited the country over supply problems.

Volkswacht Bodensee - Economy (English)