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Oil prices retreat as markets welcome US-Iran talks

Oil prices fell again Tuesday as markets focused on the potential upside of renewed US-Iran diplomatic engagement while shrugging off a bellicose address by President Trump at the United Nations.

French prosecutors probe secret filming of women with smart glasses

Paris prosecutors said Tuesday they had opened several probes after receiving complaints concerning women filmed on the street without their consent using smart glasses.

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US economy sees surprise Q1 contraction despite solid spending

The US economy shrank in the first quarter of 2022 as the Omicron variant of the coronavirus hampered activity and companies bought more foreign products to rebuild depleted inventories, in the latest complication for a country already struggling with record inflation.

'Donbas is not Ukraine': in industrial east, hopes for Russian rule

At a market in the industrial town of Lysychansk in east Ukraine -- war-scarred after relentless attacks by Russian forces -- one woman quietly hopes Moscow's army will break through.

Ukraine probes Russian troops over Bucha as UN chief visits

Ukrainian prosecutors said Thursday they were investigating 10 Russian soldiers for alleged war crimes in Bucha, as the visiting UN chief urged Russia to cooperate with a probe into atrocities.

Stock markets rise on busy corporate earnings day

Stock markets rose on Thursday as investors digested a slew of company results and shrugged off a worse-than-expected US economic contraction.

Germany's Scholz backs Ukraine weapons move on Japan trip

Chancellor Olaf Scholz on Thursday thanked Germany's parliament for backing the decision to provide Ukraine with heavy weapons, as Russia said Western arms deliveries to the country were dangerous for European security.

Smiling Queen Elizabeth meets Swiss president after 96th birthday

Queen Elizabeth II looked on healthy form Thursday as she met face-to-face with Switzerland's president, in the build-up to UK-wide celebrations for her Platinum Jubilee in early June.

Price hikes help lift McDonald's sales in Q1

Price hikes in the US market helped lift first-quarter sales at McDonald's, while profits tumbled due to an unspecified tax matter, according to results released Thursday.

Strike cripples Sri Lanka as president faces new pressure

Millions of workers staged a crippling strike in Sri Lanka on Thursday, adding to pressure on President Gotabaya Rajapaksa and his ruling family to quit over the country's worst-ever economic crisis.

Stock markets extend recovery, dollar at multi-year highs

Stock markets powered higher Thursday, extending a recovery on bargain hunting after sharp losses at the start of the week.

Homemade library builds bookish community in S.Africa's Soweto

Behind an unmarked gate, on a residential street in South Africa's Soweto township, Thami Mazibuko makes his way down a corridor and up a stairwell, all lined with books.

China cuts coal import taxes to zero to ensure energy supply

China will slash coal import tariffs to ensure energy security, the finance ministry said Thursday, the latest move to cast doubt on the country's environmental promises.

Countrywide strike cripples crisis-hit Sri Lanka

A general strike crippled Sri Lanka on Thursday, as demands grew for President Gotabaya Rajapaksa and his family members to resign over the country's worst-ever economic crisis.

Samsung Electronics Q1 net profit up almost 60 percent

South Korean tech giant Samsung Electronics posted a near 60 percent rise in first-quarter net profits on Thursday, largely driven by steady memory chip demand and brisk smartphone sales.

Nokia's Q1 profits eroded by Russia withdrawal

Finnish telecom equipment maker Nokia on Thursday announced a 17 percent fall in quarterly profits due to its withdrawal from Russia and supply problems but said it would meet this year's target.

Bank of Japan hikes inflation forecast on soaring energy prices

Japan's central bank hiked its full-year inflation forecast on Thursday but cautioned that it sees rising prices, driven by a surge in commodity costs cause by the Ukraine war, as a volatile and temporary trend.

Indonesia suspends all exports of palm oil

Indonesia began imposing a complete ban on palm oil exports Thursday, as the world's largest producer of the commodity risked destabilising a global vegetable oil market already hitting peak prices.

Surge in prices creates headache for Germany's brewers

The Veltins brewery in Germany was already wrestling with pandemic-spurred hikes in ingredient and transport costs over the last year, but a surge in energy prices sparked by Russia's invasion of Ukraine threatens to be a bitter pill for the business.

First 'Avatar 2' footage shown as Disney, Universal hit CinemaCon

James Cameron said his long-delayed sequel to "Avatar," the highest-earning movie of all time, would "push the limits of what cinema can do," as Disney and Universal presented first looks at their upcoming movies in Las Vegas Wednesday.

Samsung Electronics Q1 net profit up 58.57 percent

South Korean tech giant Samsung Electronics posted a 58.57 percent rise in first-quarter net profits on Thursday, largely driven by steady memory chip demand and brisk smartphone sales.

Ford confirms 2022 profit outlook despite lingering semiconductor crunch

Ford confirmed its 2022 profit outlook Wednesday despite lower quarterly auto sales as strong vehicle pricing offsets the hit from higher operating costs and the ongoing semiconductor chip shortage.

Facebook parent Meta calms investors with strong profit

Facebook parent Meta on Wednesday reported better profit than expected in the recently ended quarter, calming investors worried about the toll of competition from TikTok and eased pandemic restrictions on the company.

Jobs crisis widening as boomers retire: Canada statistical agency

A record number of baby boomers that are set to retire from the labor force threatens to compound a worker shortage in Canada, according to data from a 2021 census released Wednesday.

Musk's Twitter purchase puts moral champion in crosshairs

The fate of Twitter's top attorney, deemed a moral champion of the platform, was in doubt Wednesday after Elon Musk tweeted displeasure with content moderation she had carried out.

UN report warns of lower economic growth for Latin America in 2022

Economic growth in Latin America and the Caribbean will be lower than expected at 1.8 percent this year due to the war in Ukraine, a UN body said Wednesday.

Boeing shares dive as 777X, Air Force One woes lead to $1.2 bn loss

Boeing shares were in free-fall Wednesday after the aviation giant reported a $1.2 billion loss in an ugly quarter weighed down by fresh one-time costs on its Russia business, the Air Force One presidential jet and the new 777X plane.

US indicts Archegos founder Hwang for fraud, market manipulation

US authorities on Wednesday arrested Archegos founder Bill Hwang and charged him with securities fraud and market manipulation following the fund's spectacular implosion last year that cost large banks billions of dollars.

In Ukraine, displaced families replace the tourists

Large blue and yellow wings splayed behind her, Marina speeds gracefully on her scooter in western Ukraine, determined to smile despite little hope of finding tourists wanting a henna tattoo.

Boeing shares dive as 777X delay, Air Force One woes lead to $1.2 bn loss

Boeing shares were in free-fall early Wednesday after the aviation giant reported a $1.2 billion loss in an ugly quarter weighed down by fresh one-time costs on its Russia business, the Air Force One presidential jet and the new 777X plane.

European and US stocks rise but euro hits 5-year dollar low

European and US stock markets rose Wednesday after recent sharp losses, but the euro struck a five-year low against the dollar as traders weighed widespread economic unrest.

Boeing reports $1.2 bn loss on 777X delay, Russia costs

Boeing reported a $1.2 billion first-quarter loss Wednesday, hit by a series of new one-time costs on its Russia business, the Air Force One presidential jet and the new 777X plane.

Russia hits West-supplied arms in Ukraine, cuts gas to Poland, Bulgaria

Russia said Wednesday it had destroyed a large quantity of Western-supplied weapons in Ukraine, while halting gas supplies to EU and NATO members Poland and Bulgaria in a move Brussels branded attempted blackmail.

Veteran Hong Kong actor found dead in quarantine hotel: reports

Kenneth Tsang, a stalwart of the "Golden Age" of Cantonese cinema, was found dead in a Hong Kong hotel room on Wednesday while undergoing mandatory quarantine after returning from overseas, local media reported.

Volkswacht Bodensee - Economy (English)