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Global stocks mostly fall as oil prices and bond yields rise

Stock markets mostly fell and oil prices climbed on Thursday as US Treasury bond yields hit multi-year highs, driven partly by a lack of progress in ending the Middle East war.

Italy bans burqas in schools, caps numbers of foreign students per class

Italian Prime Minister Giorgia Meloni's cabinet adopted a decree law Thursday banning burqas and niqabs in schools and capping the number of students with a poor command of Italian per class.

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Lithuania completes Belarus border fence

Lithuania on Monday said it had finished building a fence along its border with Belarus to fight illegal immigration which the West accuses Minsk of orchestrating.

IMF approves revival of massive Pakistan loan program

The IMF board on Monday approved an agreement to revive a massive loan program for Pakistan, as the country grapples with devastating monsoon flooding that has worsened an economic crisis.

NASA scrubs launch of giant Moon rocket, may try again Friday

NASA has scrubbed a test flight of its powerful new rocket, in a setback to its plan to send humans back to the Moon and eventually to Mars, but may shoot for another launch attempt on Friday.

IMF approves revival of massive Pakistan loan programme

The IMF has approved an agreement to revive a massive loan programme for Pakistan, the finance minister said Monday, as the country grapples with devastating monsoon flooding that has worsened an economic crisis.

IAEA team heads to Ukraine nuclear plant, as offensive launched in south

International Atomic Energy Agency chief Rafael Grossi said on Monday he was en route to inspect Ukraine's Zaporizhzhia nuclear plant, as Kyiv's forces launched a counteroffensive to retake the occupied southern region of Kherson.

EU plans emergency action to halt energy price rise

The European Union is preparing to take emergency action to reform the electricity market and get a grip on energy prices that have soared since Russia invaded Ukraine, senior officials said Monday.

Engine issue forces NASA to scrub launch of giant Moon rocket

NASA called off a test flight on Monday of its largest-ever rocket in a setback to the ambitious program to send humans back to the Moon and eventually to Mars.

Stocks extend losses after Fed chief's rates warning

Stocks slid further Monday and the dollar rallied as traders continued to digest Federal Reserve chief Jerome Powell's warning of more interest rate hikes to fight inflation.

France taxman deploys AI spy to spot hidden swimming pools

France's tax authority said Monday that a new artificial intelligence system had found thousands of undeclared swimming pools, allowing it to collect millions of euros from homeowners who failed to report the facilities.

NASA calls off Monday launch of Moon rocket

NASA called off the test flight on Monday of its largest-ever Moon rocket because of a temperature issue with one of the four giant engines.

Engine issue threatens delay of NASA Moon rocket

An engine problem threatened to delay the launch on Monday of NASA's most powerful rocket yet on an uncrewed test flight to take humans back to the Moon and eventually to Mars.

Ambani commits $25 bn to launch 5G in India

Indian billionaire Mukesh Ambani on Monday announced an investment of $25 billion to launch 5G networks in India, aiming to strengthen his grip on one of the world's fastest-growing smartphone markets.

Elon Musk says the planet needs more oil ... and babies

Billionaire tech entrepreneur Elon Musk, who has fathered 10 children, said on Monday the world needs to "make more babies" -- and keep digging for oil.

Diamond magnate appeals Swiss bribery verdict

French-Israeli diamond magnate Beny Steinmetz was back in court in Switzerland on Monday to appeal his conviction in what has been described as the mining sector's biggest-ever corruption case.

Honda, LG to invest $4.4 bn in US battery plant

Japanese auto giant Honda and South Korean battery maker LG Energy Solution announced a joint venture Monday to invest $4.4 billion in a new US electric car battery plant.

From bus routes to gutters, tech-savvy youth map Mali's capital

Under a blazing sun in Mali's capital, Amadou Menta leant over to measure a gutter then jotted down the results on a mapping app on his smartphone.

Diamond magnate's appeal of Swiss bribery verdict opens

French-Israeli diamond magnate Beny Steinmetz will be back in court in Switzerland on Monday to appeal against a corruption verdict linked to mining rights in Guinea.

IAEA chief leading team to Ukraine's Zaporizhzhia nuclear plant

International Atomic Energy Agency chief Rafael Grossi said Monday he was on his way to Ukraine's Zaporizhzhia nuclear plant, which has been the target of strikes in recent weeks.

Japanese bath houses find new ways to stay afloat

Just before it opens each afternoon, elderly residents gather outside one of Tokyo's last remaining old-style bath houses carrying flannels, soap and shampoo for their regular soak.

Asian markets tumble after Powell's rate hike warning

Asian markets sank Monday and the dollar rallied after Fed boss Jerome Powell warned of more interest rate hikes to fight inflation and poured cold water on the prospects of a cut in the new year.

Ancient Iranian rug tradition gets makeover as sales sink

Striking geometric shapes that recall 20th century abstract art are not what you would expect to see adorning a handmade Iranian rug.

Sony issues 'Invitation'; not many filmgoers RSVP

New Sony horror film "The Invitation" topped the North American box office this weekend despite extremely weak ticket sales of just $7 million, industry watcher Exhibitor Relations reported Sunday.

Japan vows to work for 'more resilient' African economies

Japan will cooperate closely with African countries to promote "more resilient" economies, Prime Minister Fumio Kishida told the final session of an investment conference in Tunisia on Sunday.

Ethereum crypto overhaul targets environmental impact

The world's second biggest cryptocurrency after bitcoin, ethereum, will soon overhaul its blockchain technology to curb the network's much-criticised environmental impact.

China's jobless youth left in the lurch

China's slowing economy has left millions of young people fiercely competing for an ever-slimming raft of jobs and facing an increasingly uncertain future.

'Sight to behold': tourists flock to Florida for Moon rocket launch

Seeing a rocket blast off to the Moon is "a once-in-a-lifetime thing to experience," says Joanne Bostandji.

Churchgoers, researchers celebrate Tunisia's Sicilian past

Worshippers crying "Hail Mary" walk alongside their Muslim neighbours in the Tunisian port district of La Goulette, harking back to a time when Sicilians were at the heart of neighbourhood life.

Chinese badminton star ordered to throw Olympic semi in Sydney 2000

Former Chinese badminton champion Ye Zhaoying claims she was forced to throw her semi-final at the Sydney Olympics in 2000 to increase the chances of a gold medal for one of her compatriots, in an interview broadcast on Saturday by Danish television TV2.

Fresh shelling at Ukraine power plant as operator warns of radiation risk

Ukraine and Russia traded fresh accusations of shelling at the Zaporizhzhia nuclear power plant on Saturday, as its operator warned of a radioactive leak risk at the atomic facility.

Tunis hosts Japan-Africa investment conference

Japan opens an African investment conference in Tunisia on Saturday, seeking to counter the influence of rival China which has steadily grown its economic imprint on the continent.

Energy crisis pushes nuclear comeback worldwide

As the costs of importing energy soars worldwide and climate crises wreak havoc, interest in nuclear power is on the rise with nations scrambling to find alternative sources.

Peak Tram back on track in tourist-devoid Hong Kong

The Peak Tram, Hong Kong's famed public transport and a popular tourist draw, reopened Saturday after a year-long $102 million facelift even as the city's coronavirus curbs continue to keep overseas visitors at bay.

Volkswacht Bodensee - Economy (English)