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Featured

Asian markets mixed after recent oil surge

Asian markets were mixed Friday after recent oil price surges, as US and Japanese bond yields hit multi-year highs with no clear end in sight for the Middle East war.

Heavy fighting, internet disruption as Ethiopia conflict rages

Ethiopian forces battled overnight to repel an assault by Tigray rebels in the Afar region, a humanitarian source said Friday, with reports of an internet blackout in the north of the country.

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Death toll doubles, hundreds arrested in 'harrowing' Iran protest crackdown

The official death toll has nearly doubled to 35 in a crackdown by Iran's security forces on more than a week of protests that erupted after the death of a young woman in custody.

Victoria Beckham spices up Paris Fashion Week

Having won over critics in New York and London, Victoria Beckham takes the step to the pinnacle of the luxury world with her debut at Paris Fashion Week, which opens Monday.

White House rebukes World Bank chief in climate row

The White House on Friday rebuked the head of the World Bank David Malpass, who is battling charges of climate denial for dodging questions on the role of man-made emissions in global warming.

UK fights inflation with tax-cutting budget

Britain's new government on Friday unveiled a multi-billion-pound package to support households and businesses hit by the highest inflation in decades, cutting taxes as the nation heads for recession.

World Bank chief Malpass says won't quit over climate denial row

World Bank President David Malpass said Friday he had no plans to stand down, as he battles charges of climate denial for dodging questions on the role of man-made emissions in global warming.

Green protest hits DR Congo ahead of climate summit

Climate activists protested in the Democratic Republic of Congo's capital Kinshasa on Friday ahead of a climate summit in the city next month.

'Tremendous hope': New cystic fibrosis treatment changing lives

David Fiant says his cystic fibrosis and the arduous therapy it required was so bad he "could no longer tell if I was living to heal myself or healing myself to live".

Fear grips undocumented foreign workers in South Africa

Zimbabwean domestic migrant worker Precious clocked in late for work, launched into her duties for a white South African family as if nothing happened, yet hours earlier she had been arrested for being in the country without papers.

Recession-bound UK fights inflation with tax cuts

The UK's new government on Friday unveiled a multi-billion-pound package to support households and businesses hit by the highest inflation in decades, cutting taxes as the nation heads for recession.

Markets endure further losses, dollar rises as central banks turn screws

Asian markets fell again Friday and the dollar extended gains as part of a global sell-off fuelled by recession fears after central banks around the world ramped up interest rates to fight decades-high inflation.

Financial markets, Brussels wary of Italy far-right win

From her euroscepticism to her impact on Italy's enormous debt, the likely victory of far-right leader Giorgia Meloni in elections Sunday is causing concern in financial markets and in Brussels.

Hong Kong replaced by Singapore as Asia's top finance centre

Hong Kong has lost its crown as Asia's premier finance centre to Singapore in a global ranking list where New York and London maintained their number one and two spots.

Poitier legacy tackled by Oprah in 'Sidney'

The late Sidney Poitier was at the peak of his Hollywood career when he came under fire from Black activists and intellectuals, accused of playing stereotypical, safe roles for white audiences just as the 1960s civil rights movement was exploding.

Ahead of World Cup, influencer 'Mr Q' lifts veil on Qatar

At a time when prickly questions are being asked about Qatar and its hosting of the World Cup, Khalifa Al Haroon offers a smile, a sigh and a shrug as he seeks to explain its mysteries.

Britain unveils anti-inflation budget as recession looms

The UK's new government unveils Friday multibillion-pound measures aimed at supporting households and businesses hit by decades-high inflation.

Japan to lift Covid restrictions on foreign tourists from October

Japan announced Thursday that it will lift tough Covid restrictions on foreign tourists, reopening the borders after two and a half years.

Facebook whistleblower launches nonprofit to take on big tech

Whistleblower Frances Haugen -- a former Facebook engineer who leaked documents suggesting the firm put profits before safety -- on Thursday launched an organization devoted to fighting harm caused by social media.

Japan to lift Covid restrictions on foreign tourist arrivals

Japan on Thursday announced that it will lift tough Covid restrictions on foreign tourists, reopening the borders after two and a half years.

$UK government lifts gas fracking ban in England$

UK government lifts gas fracking ban in England

Britain on Thursday lifted England's moratorium on controversial gas fracking to boost energy security, despite breaking the ruling Conservative party's manifesto pledge.

Bank of England hikes rates again, warns on recession

The Bank of England hiked its interest rate sharply again Thursday to combat decades-high inflation but warned the UK economy was slipping into recession.

Bank of England hikes rate again as UK enters recession

The Bank of England hiked its interest rate again on Thursday to combat soaring inflation as it warned that the UK's economy had already slipped into recession.

Iran demonstrations hit home for diaspora women

As Iranian women bare their heads and burn Islamic veils in demonstrations that have met nationwide repression, hopes and emotions are also running high among those living abroad.

Japan government intervenes to support cratering yen

Japan's finance ministry said Thursday it intervened in the currency market to bolster the yen, which has plummeted against the dollar in recent months on the widening policy gap between the US and Japanese central banks.

Norway, Swiss central banks hike rates to tame inflation

The Swiss and Norwegian central banks announced hefty interest rate hikes on Thursday as global monetary policymakers ramp up the battle against runaway inflation.

Indonesia hikes rates for second straight month to stem inflation

Indonesia's central bank hiked its key interest rate for the second month in a row Thursday to combat rising inflation stoked by fuel prices and the war in Ukraine.

Japan government intervenes to bolster cratering yen

Yen hits new 24-year low as Bank of Japan keeps loose policy

The yen sank to a fresh 24-year low against the dollar on Thursday, with the greenback surging to nearly 146 after Japan's central bank left its ultra-loose monetary policy unchanged, a day after the Federal Reserve ramped up interest rates and warned of more to come.

Markets tumble again as Fed hikes rates, warns more to come

Markets sank Thursday and the dollar rallied after the Federal Reserve unveiled a third straight jumbo interest rate hike, said more were in the pipeline, and warned the battle against inflation was straining the US economy.

Protests mark Australia's 'day of mourning' for queen

Hundreds of activists rallied in Australia on Thursday to decry colonial Britain's destructive impact on Indigenous peoples, as the country held a public holiday to mark the death of Queen Elizabeth II.

Soup kitchens full as battle rages over Italy's poor

Mario Conte's Salerno soup kitchen serves 140 hot meals every day but as soaring inflation hits Italy's poverty-stricken south, he is struggling to keep up with demand.

Women at the heart of Swiss pension reform vote

Switzerland votes Sunday on a divisive pension reform plan the government says is vital to safeguard benefits, including a controversial push to raise the retirement age for women.

Europe throws billions at energy crisis

Almost every week now, European governments are announcing emergency measures to protect households and businesses from the energy crisis stemming from Russia's war in Ukraine.

Volkswacht Bodensee - Economy (English)