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Stocks dip, oil soars despite Trump hailing "productive" Iran talks

Stock markets fell on Wednesday while oil rose sharply as investors weighed the chances of a deal to end the Mideast war, after US President Donald Trump had hailed "very good" talks at the United Nations between US and Iranian representatives.

Fendi brings disco bling, Italian style, to Milan Fashion Week

Fendi's Maria Grazia Chiuri unveiled a wardrobe of sensual, sheer, 1970s-influenced looks Wednesday at Milan Fashion Week, inspired by legendary performer Raffaella Carra.

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Argentina to ease exchange control for oil and gas companies

Argentina on Tuesday announced an easing of foreign exchange controls for the shale oil and gas industry in a bid to promote investment and boost production.

Gunman kills 15 at Texas elementary school

An 18-year-old gunman killed 14 children and a teacher at an elementary school in Texas on Tuesday, according to the state's governor, in the nation's deadliest school shooting in years.

Stocks mostly fall after sentiment Snap-ped

Stock markets retreated Tuesday on renewed concerns over weak global growth following a profit warning from the owner of Snapchat that spooked investors and further shocked the tech sector.

US new home sales fall sharply in April amid rising prices

US new home sales plunged in April to their lowest in two years, even as prices continued to climb, according to government data released Tuesday, as would-be buyers felt the heat of soaring inflation and rising interest rates.

Stocks fall after sentiment Snap-ped

Stock markets retreated Tuesday on renewed concerns over weak global growth following a profit warning from the owner of Snapchat that spooked investors and further shocked the tech sector.

Kerry warns against letting Ukraine war thwart climate efforts

US climate envoy John Kerry warned Tuesday against using the energy crisis stemming from Russia's invasion of Ukraine as an excuse to build up more fossil fuel infrastructure.

UAE firm inks airport deal as Afghanistan eyes international flights

A United Arab Emirates company signed a contract with the Taliban authorities Tuesday to provide ground handling services at Afghanistan's three airports, officials said, as the country seeks to resume international transit.

Stock markets retreat on weak global growth worries

Stock markets retreated Tuesday on renewed concerns over weak global growth, with a profit warning from the owner of Snapchat spooking investors and further shocking the tech sector.

Google marks 15 years of Street View

Google celebrated on Tuesday 15 years since it kicked off its mammoth and hugely controversial effort to photograph streets in minute detail across the globe.

London's long-delayed commuter rail link opens

The long-delayed and over-budget Elizabeth line rail link finally opened in London on Tuesday, with hopes it will speed up journeys across the British capital and provide an economic boost.

'Who can stop this war?': Fear and fury in Ukrainian trenches

The panting Ukrainian soldier gripping a Kalashnikov with fear blazing in his eyes had not moved a step from his roadside ditch for five hours.

'Kind of complicated': Growing grapes in the world's driest desert

In the middle of Chile's Atacama desert, the driest in the world, Hector Espindola has an unexpected job: he runs a vineyard.

China offers bonds, tax breaks as new medicine for ailing economy

Tax breaks and a bond drive for Chinese aviation and railway firms are among a blizzard of fresh measures agreed by China's economic planners to gee up an economy stunted by a coronavirus surge.

Samsung commits $356 bn in investments with 80,000 new jobs

Samsung Group on Tuesday unveiled a massive $356 billion investment blueprint for the next five years aimed at making it a frontrunner in a wide range of sectors from semiconductors to biologics.

Brazil's Bolsonaro fires third Petrobras chief as fuel prices soar

Brazilian President Jair Bolsonaro on Monday dismissed the president of state oil giant Petrobras, who had been in the job for only 40 days.

Asian markets fall on China growth concerns

Asian stocks retreated Tuesday on concerns over the impact of China's Covid restrictions on the world's second-largest economy as investment banks slashed their forecasts.

Slight rise in US births in 2021 after pandemic plummet

The number of births in the United States rose slightly in 2021, the first increase in seven years, according to preliminary data published by authorities Tuesday.

To use rather than collect, the second coming of NFTs

NFTs have been called everything from fads to outright scams, but early adopters see a future for them as uniquely useful tools for business, health and the arts that goes beyond mere digital collecting.

At Mexico-US border, migrants pray children will be born in US

Haitian asylum seekers Jocelyn and Berline Jean-Philippe breathed a sigh of relief as they entered the United States legally from Mexico -- in time, they hoped, for their unborn child to become a US citizen.

TikTok lets creators charge monthly subscriptions

TikTok on Monday said it will start letting some popular accounts at the video-snippet streaming star charge subscriptions for live streams.

Workers endorse union at Activison Blizzard game studio

Quality control workers at a studio owned by Activision Blizzard voted Monday to form a union in the first such win at a major US video game company.

Beaten-down US stocks rally as Lagarde comments lift euro

Beaten-down Wall Street stocks rallied Monday amid hopes that equities have bottomed, while the euro advanced after European Central Bank chief Christine Lagarde signaled the end of negative interest rates.

Climate change made S. Asia heatwave 30 times more likely

The punishing heatwave that scorched India and Pakistan in March and April was made 30 times more likely by climate change, experts in quantifying the impact of global warming on extreme weather events said in a rapid-response report Monday.

Starbucks to completely exit Russia after Ukraine invasion

Starbucks said Monday it will cease operations in Russia, shuttering its 130 cafes in the country in the aftermath of the invasion of Ukraine.

Didi shareholders vote to delist from New York stock exchange

Shareholders of Chinese ride-hailing giant Didi Global voted Monday to delist the company in New York, the firm said in a statement, nearly one year since it was hit by a sweeping tech clampdown.

Euro rallies as ECB signals end to negative rates

The euro jumped one percent versus the dollar Monday after European Central Bank chief Christine Lagarde signalled the end of ECB negative interest rates.

Philippines' Marcos in nuclear plant revival talks with S.Korea

Philippine president-elect Ferdinand Marcos signalled his determination to adopt nuclear power Monday, holding talks with South Korea's envoy on possibly reviving a mothballed $2.2 billion plant built during his father's dictatorship.

In southern Ukraine, Russian forces guard strategic dam

Armed Russian soldiers patrol the Kakhovka hydroelectric station in southern Ukraine, a strategic target captured in the first hours of Moscow's military operation, restoring a crucial water supply to annexed Crimea.

Asian markets rise as Biden 'considers' lifting China tariffs

Asian stocks rose Monday after US President Joe Biden said he was considering lifting some Trump-era trade tariffs imposed on China, although concerns over inflation and growth weighed on sentiment.

Biden vows military defence of Taiwan if China invades

President Joe Biden vowed Monday that US forces would defend Taiwan militarily if China attempted to take control of the self-ruled island by force, warning Beijing was already "flirting with danger".

Turkey dreams of far-fetched gas pipeline with Israel

Turkey is ready for energy cooperation with Israel after years of enmity, reviving a project to pipe Israeli gas to Europe as Ankara seeks to reduce its dependence on Russia.

Asian markets mixed as inflation fears weigh

Asian stocks were mixed Monday as inflation fears and concerns about low economic growth weighed on markets.

Volkswacht Bodensee - Economy (English)