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Featured

Fitch downgrades France's credit rating in new debt blow

The Fitch agency downgraded France's credit rating on Friday, as President Emmanuel Macron struggles with political instability and disagreements on how to put the country's strained public finances in order.

Stocks hang onto gains as rate cuts in focus

Global stocks on Friday mostly held onto gains made earlier this week on expectations of a cut to US interest rates.

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Premier League clubs break £3 billion barrier to roar ahead of rivals

Record spending of £3 billion ($4 billion) during the summer transfer window further cements the Premier League as the "most competitive in world football", according to financial experts Deloitte.

Suntory CEO quits over Japan drugs probe

One of Japan's best-known business people has resigned as CEO of beverage giant Suntory after police raided his house in an illegal drugs probe, the company and media reports said Tuesday.

Gold rushes to new high as Asia stocks mixed

Gold hit a record high Tuesday as a weaker dollar and expectations of a US interest rate cut made the safe haven an attractive investment.

Australia to tackle deepfake nudes, online stalking

Australia said Tuesday it will oblige tech giants to prevent online tools being used to create AI-generated nude images or stalk people without detection.

'Vibe hacking' puts chatbots to work for cybercriminals

The potential abuse of consumer AI tools is raising concerns, with budding cybercriminals apparently able to trick coding chatbots into giving them a leg-up in producing malicious programmes.

Nestle sacks CEO over office relationship

Swiss food giant Nestle on Monday dismissed Laurent Freixe as chief executive with immediate effect over an "undisclosed romantic relationship with a direct subordinate".

Guyana votes amid oil boom, Venezuela tensions

Guyana voted Monday in elections to decide who will manage the South American nation's new oil riches, as tensions rose in a territorial dispute with neighbor Venezuela.

European stocks steady after robust gains for Chinese equities

Europe's main stock markets held broadly steady on Monday after strong gains for Chinese indices, as trading entered a traditionally weak month for Wall Street.

UK fintech Revolut valued at $75 bn: source to AFP

British fintech company Revolut has been valued at $75 billion in a secondary share sale, placing it in the leagues of Europe's biggest traditional banks, a source told AFP Monday.

European stocks climb after robust gains for Chinese equities

Europe's main stock markets mostly climbed Monday after strong gains for Chinese indices, as trading entered a traditionally weak month for Wall Street.

Alibaba soars but Europe, Asia stocks mixed

Chinese ecommerce giant Alibaba soared on Monday but Asian and European markets were mixed after Wall Street retreated from record highs.

Alibaba soars but Asia markets dip

Chinese ecommerce giant Alibaba boosted the Hang Seng on Monday, but other Asian markets mostly fell back after Wall Street retreated from record highs.

Bollywood reels as AI reshapes Indian films

Bollywood, famed for its lavish song-and-dance numbers and vast production crews, now finds itself confronting a new kind of spectacle: artificial intelligence.

Floods leave women struggling in Pakistan's relief camps

In a former classroom, now a makeshift relief camp, pregnant women take refuge from the floods that have ravaged eastern Pakistan, their bodies aching, eyes heavy with exhaustion and silent despair.

Britain's energy grid bets on flywheels to keep the lights on

Britain's energy operator is betting on an age-old technology to future-proof its grid, as the power plants that traditionally helped stabilise it are closed and replaced by renewable energy systems.

Tourists dice with danger on Hanoi's train street

Tourists snatch arms and legs away from a passing train in Hanoi, shrinking back into railside cafes that have brought lucrative business to a former slum disdained by the government.

Pacifist Japan struggles to boost troops as China anxiety grows

Sporting dark face paint and clutching a gun, teenage soldier-in-training Takuma Hiyane crawls across a field on Japan's Okinawa, the front line of the nation's defence as anxiety grows over China's territorial ambitions.

Istanbul's ferries, a beloved link between two continents

For nearly two centuries, the white ferries gliding over the Bosphorus Strait have provided an iconic link for countless passengers travelling between Istanbul's European shores and its Asian side.

US appeals court finds Trump's global tariffs illegal

A US appeals court on Friday ruled that many of President Donald Trump's tariffs, which have upended global trade, were illegal -- but allowed them to remain in place for now, giving him time to take the fight to the Supreme Court.

US Spirit Airlines files for bankruptcy again

Budget US carrier Spirit Airlines said Friday that it will file for bankruptcy for the second time in a year, but will continue to fly, sell tickets and operate.

Hearing ends without ruling on Trump attempt to oust Fed Governor Cook

A US court on Friday began hearing Federal Reserve Governor Lisa Cook's challenge of President Donald Trump's attempt to fire her, in a legal battle set to have major implications for the US central bank and its independence.

US banana giant Chiquita returns to Panama

US banana giant Chiquita Brands will resume operations in Panama and rehire thousands of workers fired after a crippling strike, the government of the Central American country said Friday.

Stocks slide as US inflation clouds rates outlook

Stock markets fell Friday, Wall Street indexes retreating from record highs as a key US inflation reading accelerated, lowering the possibility of sustained interest-rate cuts in the coming months.

Red Cross says number of missing people surging

More than a quarter of a million people are registered as missing by the Red Cross, a figure up nearly 70 percent over five years, the organisation said Friday.

Stock markets retreat as US inflation clouds rates outlook

Stock markets fell on Friday, with US indexes retreating from record highs as a key US inflation reading accelerated, lowering the possibility of sustained interest rate cuts in the coming months.

European stocks retreat before US inflation data

European stock markets fell Friday as investors digested mixed economic data, while shares in UK banks and the pound dropped on reports the sector could face a windfall tax.

Labubu fans flock to stores after launch of mini dolls

A dozen furry dolls strung together on a metal chain dangled from Labubu fan Maki Li's neck as he proudly posed for photos in front of a store selling the toys in central Beijing on Friday.

Swiss economic outlook 'dampened' by US tariffs: key barometer

Switzerland's key economic barometer fell in August after US President Donald Trump imposed whopping tariffs on the export-reliant country, the Swiss Economic Institute (KOF) said Friday.

Trump son hypes bitcoin on Hong Kong leg of Asia trip

Eric Trump, son of the US president, urged a crowd in Hong Kong on Friday to buy bitcoin during a trip to Asia where his crypto company is reportedly seeking acquisitions.

German unemployment tops 3 million, highest for a decade

German unemployment topped three million in August for the first time in over a decade, official data showed Friday, in another blow to Europe's struggling top economy.

Modi says India, Japan to 'shape the Asian century'

India and Japan will "shape the Asian Century", Prime Minister Narendra Modi said Friday, on a visit expected to secure billions of dollars in Japanese investment and an upgrade to security ties.

Hope and hate: how migrant influx has changed Germany

Men sit outside shisha bars and women in hijabs push strollers past Middle Eastern restaurants and pastry shops in Berlin's Sonnenallee, a wide avenue which has become a symbol of how much Germany has changed in the last decade.

Volkswacht Bodensee - Economy (English)