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Indonesia's new coal phase-out goal sets 'daunting task'

Meeting Indonesia's pledge to phase out coal power in just 15 years and reach net-zero emissions by mid-century is a "daunting task" that will require immediate and ambitious action, experts warn.

Argentina's Milei touts US trade deal, says 'happy times' ahead

Argentine President Javier Milei promised Tuesday that inflation will soon be "little more than a bad memory" and vowed to pursue a free trade deal with the United States next year.

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Asian markets mixed ahead of US inflation data, eyes on China

Markets diverged on Wednesday ahead of US inflation data that could play a key role in the Federal Reserve's interest rate decision next week, while traders were also keeping tabs on Beijing hoping for more economic support measures.

Ecuadoran workers accuse 'monster' Japanese company of exploitation

Ex-employees of a Japanese textile company in Ecuador told Tuesday of their dire living and working conditions, after the country's constitutional court ruled the firm kept its staff in a slave-like setting.

Nippon Steel slams 'inappropriate' politics in US deal

Nippon Steel on Wednesday slammed the "inappropriate" role of politics after Bloomberg News reported that President Joe Biden would block its planned takeover of US Steel.

Global stocks mostly fall ahead of ECB, US inflation data

Global stock markets mostly retreated Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.

Biden says Trump economic plan will be 'disaster'

Outgoing US President Joe Biden on Tuesday branded his successor Donald Trump's economic plans a "disaster," in a speech hailing his own legacy.

New York appeals dismissed PepsiCo plastic pollution suit

New York state this week appealed the dismissal of a pollution lawsuit against soda giant PepsiCo, accusing its single-use plastic packaging of posing a scourge on waterways and public health.

US disburses $20 bn Ukraine loan backed by profits from Russian assets

The United States announced Tuesday that it has disbursed a $20 billion loan for Ukraine backed by the interest earned on frozen Russian assets, as part of a $50 billion G7 support package.

World stock markets diverge as rate calls loom

Global stock markets diverged Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.

Airlines chief says jet manufacturers need to deliver

World airlines are "cautiously optimistic" for 2025, the industry body's head told AFP on Tuesday, while slamming the big plane manufacturers for not delivering new aircraft fast enough.

Boeing resumes production at Seattle plants after strike

Boeing has resumed production on the 737 MAX after a nearly three-month stoppage due to a lengthy labor strike in the Seattle region.

World stock markets mixed as rate calls loom, geopolitics weighs

Global stock markets were mixed Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.

US firms up $6.2 bn Micron funding to boost chipmaking

US President Joe Biden's administration finalized nearly $6.2 billion in funding for Micron Technology on Tuesday, firming up a deal to boost domestic semiconductor production before Donald Trump returns to the White House.

UK pledges to cut government spending waste

UK government departments must find efficiency savings of five percent, finance minister Rachel Reeves insisted Tuesday, vowing to take an "iron fist" to public-spending waste.

Air passenger numbers to top five billion in 2025: IATA

Air passenger numbers are forecast to top five billion for the first time next year and the sector's revenues will break the trillion-dollar barrier, the global aviation body IATA said on Tuesday.

Stellantis, Chinese firm CATL plan $4bn battery plant in Spain

Car giant Stellantis and Chinese manufacturer CATL said Tuesday they would build a $4.3-billion factory to make electric vehicle batteries in Spain, the latest bid to boost Europe's troubled EV drive.

'Huge demand': Portugal dreams of becoming medical cannabis hub

"We should be the new El Dorado of medical cannabis production," said agronomist Jose Martins as dozens of workers harvested marijuana in bright sunshine at a farm in southeastern Portugal.

China's Xi warns 'no winners' in trade war with US

Chinese President Xi Jinping warned Tuesday that there would be "no winners" in a trade war with the United States and vowed the country would hit its growth goals for the year.

The trial of a king: ancient royal ritual in Cameroon promotes peace

Chatter muffled as members of a secret society, masked and garbed in honey-coloured robes, entered the court of Foumban, the historic capital of a centuries-old kingdom nestled in hilly northwestern Cameroon.

Hong Kong, Shanghai rally on China optimism as Seoul rebounds

Hong Kong and Shanghai stocks rallied Tuesday after China pledged to adopt a looser monetary policy to revive the stuttering economy, while Seoul rebounded after days of losses fuelled by the brief declaration of martial law by South Korea's president.

Murdoch loses 'Succession' battle for son's control of media empire: report

Rupert Murdoch's audacious bid to cement his eldest's son's control over one of the world's most influential media empires has failed, a US report said Monday.

Google announces quantum computing chip breakthrough

Google on Monday showed off a new quantum computing chip that it said was a major breakthrough that could bring practical quantum computing closer to reality.

French film director goes on trial over child actor abuse

A French filmmaker accused of sexually assaulting actor Adele Haenel when she was 12 went on trial in Paris on Monday, five years after her allegations fired France's #MeToo movement.

Zimbabwe's sick turn to herbalists over ailing health system

When Agnes Kativhu could not get treatment for breast cancer from Harare's main public hospital, she checked in to one of the many self-styled herbal clinics opening up across Zimbabwe's capital.

French director accused of abusing actor Haenel goes on trial

A French filmmaker accused of sexually assaulting actor Adele Haenel when she was 12 went on trial in Paris on Monday, five years after her allegations fired France's #MeToo movement.

Cash crunch fuels rising misgivings against Nigeria's money agents

Mobile money agents have become a familiar sight across Nigeria, using handy point-of-sale machines to provide essential services to millions of people without access to banking, particularly in hard-to-reach rural areas.

Air India buys 100 more Airbus aircraft

Air India has placed an order to buy 100 more Airbus aircraft, the Tata Group-owned carrier said Monday, in a deal aimed at bolstering its fleet and winning over flyers.

German VW workers kick off second round of strikes

Thousands of Volkswagen workers walked out on Monday in the second round of strikes in the escalating conflict between unions and management over the German carmaker's drastic savings plans.

China's leaders vow more 'relaxed' monetary policy in 2025

Chinese President Xi Jinping and other top leaders said Monday they would adopt a more "relaxed" approach to monetary policy as they hashed out plans to boost the economy next year.

Seoul stocks dive on South Korea woes as Asian markets struggle

South Korean stocks tumbled Monday as the country was racked with political uncertainty after President Yoon Suk Yeol escaped impeachment following his brief imposition of martial law last week.

Arrivederci! Why young Italians are leaving in droves

Billie Fusto is not after a fat pay cheque: he is training to be an archivist and wants nothing more than "a quiet life" at home in Italy.

ECB to cut rates again amid bleak eurozone outlook

The European Central Bank is expected to cut interest rates again this week amid a darkening outlook, with political turbulence in the eurozone's two biggest economies adding to the troubled picture.

Bayern pass 1bn euros in revenue after trophyless season

Bayern Munich announced on Sunday that their total annual revenue topped 1 billion euros for the first time, with the football club contributing 951.5 million euros (1.006bn dollars).

Berliner Boersenzeitung - Economy (English)