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Commerzbank commits to strategy as UniCredit ups direct stake

German lender Commerzbank said Wednesday it was committed to its strategy after Italian bank UniCredit formally upped its stake in its rival, laying the ground for a potential takeover bid.

Volkswagen US deliveries fall as Trump tariffs bite

Europe's largest automaker Volkswagen said Wednesday that sales into the United States had taken a hit, underscoring the impact of President Donald Trump's drastic trade measures.

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Rescue teams comb site of Air India crash that killed at least 265

Rescue teams with sniffer dogs combed the crash site Friday of a London-bound passenger jet which ploughed into a residential area of India's Ahmedabad city, killing at least 265 people on board and on the ground.

Judge blocks Trump's use of National Guard in protest-hit Los Angeles

President Donald Trump will be "relieved of his command" of the California National Guard after a judge ruled his deployment of them to protest-hit Los Angeles was "illegal," Governor Gavin Newsom said Thursday as he notched a victory in his state's growing stand-off with the White House.

Oil surges, stocks fall on Middle East fears as Israel strikes Iran

Oil prices soared and stocks sank Friday after Israel launched "preemptive" strikes on Iran's nuclear and military sites and warned of more to come, stoking fears of a full-blown war.

At least 265 dead in India plane crash, one passenger survives

A London-bound passenger jet crashed in a residential area in the Indian city of Ahmedabad on Thursday, killing at least 265 people on board and on the ground -- but one passenger is believed to have survived.

Trump moves to block California electric cars program

US President Donald Trump on Thursday signed resolutions blocking California's landmark efforts to phase out gas-powered cars in favor of electric vehicles, a move the state immediately contested in court.

Protests over police killing in Kenya as govt presents budget

Kenyan security forces fired tear gas Thursday against protesters angry over a police killing, threatening to overshadow the government's attempts to pass a budget without sparking unrest.

Dollar dives on Trump's new trade threat

The dollar plunged on Thursday after US President Donald Trump threatened higher unilateral tariffs on trade partners, and oil slipped as traders evaluated the probability behind reports that Israel could be gearing up to strike Iran.

Germany's BioNTech to buy CureVac to boost cancer research

Germany's BioNTech is buying domestic rival CureVac for $1.25 billion, the companies said Thursday, bringing together two pharmaceutical firms specialised in mRNA technology with the goal of advancing cancer treatments.

Archaeologists find France's deepest shipwreck

Archaeologists have discovered what they say are the remains of a 16th-century merchant ship more than 2.5 kilometres underwater off southern France, the deepest such find in its section of the Mediterranean or any other French waters.

India and its vast booming aviation sector

Air India's London-bound flight 171 that crashed on Thursday with 242 people on board was a Boeing 787-8 Dreamliner, part of India's bold push to radically expand its air industry sector.

Stocks, dollar retreat on new Trump trade threat

Stock markets and the dollar retreated Thursday after US President Donald Trump threatened higher unilateral tariffs on partners in the coming weeks, reigniting trade war fears

Flames and smoke in aftermath of crashed India passenger jet

Thick black plumes of acrid smoke towered high above India's Ahmedabad airport Thursday after a London-bound passenger jet with 242 people aboard crashed shortly after takeoff on Thursday.

Ryanair says will fine 'disruptive passengers' 500 euros

Irish no-frills airline Ryanair said Thursday it will fine "disruptive passengers whose unruly behaviour" results in their removal from aircraft 500 euros ($580).

London-bound plane crashes in India with 242 on board

A London-bound passenger plane crashed Thursday in India's western city of Ahmedabad with 242 on board, aviation officials said in what the airline called a "tragic accident".

UK economy shrinks in April as US tariffs kick in

Britain's economy shrank more than expected in April following a tax hike on UK businesses and a record drop in exports to the United States due to President Donald Trump's tariffs, official data showed Thursday.

EU crypto regulation hampered by national flaws

The first EU-wide cryptocurrency regulation was meant to impose some harmony, but disparities in implementation by member countries has allowed companies to exploit a flaw in the system.

Trump unveils website for $5 million US residency visa

President Donald Trump touted a new website for his planned $5 million US residency permit on Wednesday, saying the waiting list for the golden visa has opened on TrumpCard.gov.

Asian shares stumble after Trump's latest trade threat

Asian shares were rattled Thursday after Donald Trump said he would impose unilateral tariffs on partners in the next two weeks, reigniting trade war fears soon after reaching a deal with China to dial down tensions between the superpowers.

Premier League 'under strain' despite record £6.3 bn revenues

The combined revenue of Premier League clubs rose to a record £6.3 billion ($8.5 billion, 7.5 billion euros) in the 2023/24 season, but fan unrest and worsening competitive balance are cause for concern, according to financial experts Deloitte.

Pactum Expands Agentic AI Capabilities with Launch of Price Lists for Direct Materials

NEW YORK, NY / ACCESS Newswire / June 12, 2025 / Pactum, the leading Agentic AI platform for enterprise procurement, today announces the launch of its new AI agent, Price Lists for Direct Materials, designed to transform how organizations manage procurement of under-managed materials at scale by providing the very first end-to-end agentic AI procurement solution.

Italy forges on with world's largest suspension bridge

Italy hopes to begin constructing the world's largest suspension bridge connecting Sicily to the Italian mainland this summer amid widespread scepticism that it will ever be built.

US stocks rally fades after China trade framework, oil prices jump

Wall Street stocks mostly fell Wednesday despite positive movement in the US-China trade conflict, while oil prices rallied on growing tensions between Washington and Tehran.

Fizzled out: French winemaker risks prison over champagne fraud

Prosecutors in eastern France on Wednesday requested a winemaker accused of producing and selling fake champagne in an elaborate scam be sentenced to four years in prison, with three years of the term suspended.

Wall Street climbs on easing US-China tensions, cool US inflation

Wall Street stocks mostly rose Wednesday as investors welcomed cooler US inflation data and a China-US agreement aimed at lowering trade tensions.

UK govt injects health service with 'record' spending boost

Britain's Labour government on Wednesday laid out its priorities for the coming years, injecting the ailing National Health Service with a "record" £29-billion ($39-billion) annual boost and pumping funds into defence and housing, but scaling back spending on foreign policy.

Brewer Heineken unveils $2.75 bn investment in Mexico

Dutch brewing giant Heineken announced Wednesday a $2.75 billion investment in Mexico -- the latest vote of confidence in Latin America's second-largest economy despite US President Donald Trump's trade war.

Steel startup aims to keep Sweden's green industry dream alive

The spectacular fall of battery maker Northvolt led to fears over several Swedish green industry projects, but startup steelmaker Stegra believes it can confound the doubters.

Stocks rise on easing US-China trade tensions, cool US inflation

Stock markets edged higher Wednesday as investors welcomed cooler US inflation data and a China-US agreement aimed at lowering trade tensions.

Trump touts 'done' deal with Beijing on rare earths, Chinese students

US President Donald Trump touted ties with China as "excellent" on Wednesday, saying the superpowers reached a deal after two days of talks aimed at preserving a truce in their damaging trade war.

UK hands health service major spending boost

Britain's Labour government on Wednesday said it was injecting the struggling National Health Service with a "record" £29-billion ($39-billion) annual boost, as it looks to cut spending on its asylum programme.

Police make arrests in downtown LA during nighttime curfew

Downtown Los Angeles was largely calm overnight into Wednesday, with police arresting at least 25 people for violating a curfew after a fifth day of protests against President Donald Trump's immigration crackdown.

Stocks rise after China-US framework on trade

Stock markets rose Wednesday as investors welcomed a China-US agreement to lower trade tensions that stoked hopes the economic superpowers will eventually reach a broader tariff deal.

Berliner Boersenzeitung - Economy (English)