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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.

Starbucks to close 250 more cafes in North America

Starbucks will close 250 more cafes in North America in its latest drive to improve financial returns, the coffee company announced Thursday.

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Pfizer to acquire sickle cell drugmaker GBT for $5 bn

American drugmaker Pfizer announced a deal on Monday to acquire Global Blood Therapeutics, makers of a recently approved treatment for sickle cell disease, for $5.4 billion.

Stocks rise, dollar eases as investors focus on US inflation

Stock markets rose and the dollar retreated Monday as investors turned their attention to US inflation data later this week and weigh the prospect of further monetary policy tightening.

Stocks rise, oil falls tracking recession risks

Stock markets largely rose and oil prices retreated Monday as investors mulled the prospect of recession in the United States and elsewhere and central banks seek to tame soaring inflation with aggressive interest rate hikes.

Gaza crossing opens as truce holds between Israel, Islamic Jihad

Fuel trucks entered Gaza as an Egypt-brokered truce between Israel and Islamic Jihad militants held Monday, raising hopes that the intense conflict that left dozens of Palestinians dead has ended.

Japan's SoftBank reports record quarterly net loss

Japan's SoftBank Group on Monday reported a record quarterly net loss of $23.4 billion, after central bank interest rate hikes caused tech shares to tank.

Gas crunch pushes German glassmaker to the brink

In 400 years, Heinz-Glas, one of the world's biggest producers of glass perfume bottles, has seen off many crises -- including the two World Wars and the oil shock of the 1970s in the last century alone.

Mexican president heads to mine disaster zone

Mexican President Andres Manuel Lopez Obrador said that he would visit a disaster-hit coal mining region on Sunday to see firsthand a major operation to try to rescue 10 workers.

Mexico president says to visit mine disaster zone

Mexican President Andres Manuel Lopez Obrador said Sunday that he would visit the coal mining area where rescuers are battling to save 10 workers who have been trapped for four days.

'Bullet Train' speeds to top of N.America box office

Sony's "Bullet Train," the last major studio release of the summer, sped to solid ticket sales of $30.1 million this weekend to top the North American box office, industry watcher Exhibitor Relations estimated Sunday.

No recession in Switzerland this year: chief economist

Switzerland does not expect to dip into recession this year despite the threat of an energy supply squeeze, the government's chief economist said Sunday.

More Ukraine grain sets sail as new strike hits nuclear site

Four more ships loaded with grain set off from Ukrainian ports on Sunday, as Moscow and Kyiv blamed each other for a new strike at a Russian-occupied nuclear plant.

More Ukraine grain sets sail as new shelling hits nuclear plant

Four more ships carrying around 170,000 tonnes of grain set off from the Black Sea ports of Odessa and Chornomorsk on Sunday, Ukrainian authorities said, as Moscow accused Kyiv of carrying out a new strike against a Russian-occupied nuclear plant.

Desperation deepens for families of trapped Mexican miners

Saturday's effort to rescue 10 Mexican coal miners trapped in a flooded deposit for four days ended with little progress, relatives said, with hopes of reaching any survivors dwindling.

Tonnes of fruit stranded in EU, S.Africa battle of oranges

Millions of boxes of oranges are spoiling in containers stranded at European ports as South Africa and the European Union lock horns in a dispute over import rules, citrus growers have said.

Flight tracking exposure irks billionaires and baddies

How to upset Russian freight companies, Elon Musk, Chinese authorities and Kylie Jenner in one go? Track their jets.

Holiday rush drives demand at Europe's busiest fuel station

The first Saturday in August, when Europe's July holidaymakers head homewards and its August sunseekers head south, is the busiest day of the year at the continent's busiest filling station.

'Decisive day' for trapped Mexican miners

A major operation to rescue 10 trapped Mexican coal miners was approaching a crucial moment on Saturday, President Andres Manuel Lopez Obrador said, raising the hopes of desperate relatives.

Cuba seeks help to contain depot fire that has injured dozens

Cuba asked for help Saturday to contain a massive fire at a fuel depot, sparked overnight by a lightning strike that left 77 people injured and 17 firefighters missing.

'Decisive day' for trapped Mexican miners, president says

A major operation to rescue 10 workers trapped in a flooded coal mine in northern Mexico was approaching a crucial moment on Saturday, President Andres Manuel Lopez Obrador said.

Pfizer in talks on $5 billion acquisition: media

American drugmaker Pfizer is close to a deal to purchase Global Blood Therapeutics, which manufactures a recently approved drug against sickle-cell anemia, for $5 billion, the Wall Street Journal has reported.

Austria in shock over doctor's suicide following anti-vax abuse

Austrians expressed shock and anger this week over the suicide of doctor who had been the target of a torrent of abuse and threats from anti-vaccination protesters.

Elon Musk accuses Twitter of fraud in buyout deal: court filing

Elon Musk has accused Twitter of fraud, alleging the social media platform misled him about key aspects of its business before he agreed to a $44 billion buyout, as their court battle heats up.

Canada to ban handgun imports: minister

Canada announced Friday it will ban the import of handguns beginning on August 19, as part of a wider proposed freeze in the wake of high-profile mass shootings in the United States.

UK's busiest container port set for 8-day strike

Workers at the UK's largest container port will hold an eight-day strike at the end of August, union bosses said Friday, in the country's latest industrial action over pay amid spiralling inflation.

US job growth surges by half a million in July, wages rise

US employment made a surprise recovery to pre-pandemic levels in July, news that was welcomed by President Joe Biden ahead of key midterm elections -- but which fuels concerns over sky-high inflation.

More grain leaves Ukraine ahead of high-stakes summit on Russian invasion

Three ships loaded with grain set sail from Ukraine on Friday under a landmark deal to free up shipments brokered by Turkey, as its leader prepared to meet his Russian counterpart for talks on Moscow's invasion of its neighbour.

European stocks slip on stagflation fear, before US data

European stock markets slid Friday after the Bank of England's gloomy recession warning raised the spectre of stagflation, and as investors awaited critical US payrolls data, dealers said.

Where's Boris? UK's PM on leave as economic crisis deepens

A senior British minister admitted Friday "I don't know where Boris is" as the premier checked out on holiday, in a week that saw the Bank of England warn a year-long recession is coming.

Asian markets up after oil drop, eyes on Taiwan and US jobs

Asian equities mostly rose Friday as a drop in oil prices to pre-Ukraine war levels stirred hopes of a slowdown in inflation and central bank interest rate hikes, while focus turns to key US jobs data later in the day.

India hikes interest rates to pre-pandemic level

India's central bank on Friday hiked interest rates for the third time in four months, as Asia's third-largest economy contends with a widening trade deficit and weakening currency.

China Evergrande to get $818 mn for scrapping stadium deal

Embattled Chinese property giant Evergrande has cancelled a contract to build a football stadium in a southern city in return for 5.52 billion yuan ($818 million), it said in a filing.

Families of trapped Mexican miners pray for miracle

Dozens of rescuers battled Thursday to free 10 workers trapped in a flooded coal mine in northern Mexico, where desperate relatives waited for news more than 24 hours after a cave-in.

Volkswacht Bodensee - Economy (English)