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Thames Water seeks to delay £12bn in debt repayments

Thames Water has unveiled intends to push back over around £12 billion of its debts due until March 2028 in a move giving the stricken supplier vital breathing space as it looks to secure a rescue deal. The UK’s biggest water group – which is struggling under a debt mountain of over £20 billion – stated the planned deal will extend repayments on debts that were due in March 2027 for another year.

Business owner earning £6,000 a month tackles £70,000 debt

Matthew Mace at present adds no money to his savings or pension In our How I Manage My Money series we aim to find out how individuals in the UK are spending, saving and investing money to meet their costs and achieve their goals. This week we speak to Matthew Mace, 35, who lives in Kent with his partner, Mandeep, 42, and their daughter, Noor, four.

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Italy breaks 'taboo' with push to revive nuclear

Italy's cabinet opened the door Friday to a return to nuclear power, aiming to overturn nearly 40 years of opposition -- though experts say any revival is at least a decade away.

Microsoft retires Skype, internet call pioneer

Microsoft on Friday announced it was retiring Skype, the online voice and video call pioneer that the tech titan acquired in 2011.

Wild AI, a royal letter and big hugs - a week in Trumpworld

President Donald Trump closed out a packed week at the White House after hosting a string of eager-to-please guests, and generating the usual eye-popping menu of news items.

US Fed's favored inflation gauge cooled slightly in January

The Federal Reserve's preferred inflation measure cooled slightly in January, according to government data published Friday, although it remained stuck above the bank's long-term target.

UK firms cautiously optimistic on US trade deal prospects

Hopes of a trade deal between Britain and the United States, reignited by President Donald Trump's positive comments after meeting Prime Minister Keir Starmer this week, prompted cautious optimism Friday from a UK business sector keen to avoid tariffs.

Stocks weighed down by Crypto 'meltdown', tariff uncertainty

Bitcoin slumped below $80,000 on Friday for the first time since November, while equities diverged following President Donald Trump's latest volley of tariffs.

Over 200 defective Paris Olympics and Paralympics medals to be replaced

The French Mint has received 220 requests to replace medals won at the 2024 Paris Olympics and Paralympics, it told AFP on Friday.

Man, 90, suspected of killing two in Belgium nursing home

A 90-year-old man accused of killing his wife three years ago is suspected of stabbing to death two elderly residents of a nursing home in Belgium, officials said Friday.

Stock markets mostly retreat as tariff uncertainty weighs

Asian stock markets slumped and Europe mostly retreated Friday after President Donald Trump's latest volley of tariffs, though London edged higher amid hopes of a US-UK trade deal.

Liverpool post £57 mn loss for 2023/24 season after Champions League absence

Liverpool on Friday posted a loss before tax of £57 million ($72 million) for the 2023/24 season as their Champions League absence and soaring administrative costs took a toll.

Huge protests, strikes paralyse Greece on train crash anniversary

Tens of thousands of people gathered in Athens and other Greek cities to mark the second anniversary of the country's worst rail tragedy as strikes caused a general standstill.

Asian markets thumped as Trump tariff salvo fans fresh fears

Asian markets tumbled on Friday as US President Donald Trump's volley of tariff measures sparked fresh fears about a global trade war that could hammer struggling economies.

Off leash: China's pet industry shines in ailing economy

Patterned poop bags, frilly dog dresses and exotic animals including wombats and meerkats were on display at a bustling pet expo in Beijing, where the industry continues to thrive despite a sluggish economy.

Nigerians displaced as rents double in inflation-hit Lagos

Nigeria's economic crisis is hitting renters in Lagos hard as landlords pass down the costs of spiralling inflation -- pushing residents further out, upending children's education and adding to workers' already infamous commutes.

China vows response to latest US tariffs also targeting Canada, Mexico

China on Friday vowed to take "all necessary countermeasures" after US President Donald Trump said he would impose an additional 10 percent tariff on Chinese imports.

Worry, confusion as Vietnam slashes public jobs

Senior Vietnamese official Nguyen Linh believes he has much more to give in the job he has worked his whole life but will soon retire as part of a radical government cost-cutting drive approved last week.

Asian markets tumble as Trump tariff salvo fans fresh fears

Asian markets tracked losses across the world Friday as US President Donald Trump's volley of tariff measures sparked fresh fears about a global trade war that could hammer struggling economies.

China's leaders gather to hash out Trump tariff battle plans

China's leadership convenes next week for closed-door meetings to hammer out plans to shield the ailing economy from tariffs and trade threats from US President Donald Trump.

'With Love, Meghan': what's behind Markle's new rebranding?

Meghan Markle makes her Netflix comeback next week with a new lifestyle series that paints a rosy picture of domestic life.

Trading halted in troubled Australian casino firm

Trading in troubled Australian casino operator Star Entertainment was paused on Friday as the company sought to free up enough cash to keep afloat.

Global stocks mostly fall on Nvidia results, fresh Trump tariff talk

Global stocks mostly fell Thursday after earnings from artificial intelligence chipmaking leader Nvidia failed to wow the market and US President Donald Trump launched fresh broadsides on trade.

Trump says US, Britain working on 'great' trade deal

US President Donald Trump held out the prospect of a "great" post-Brexit trade deal that could avoid tariffs on Britain Thursday -- as he hailed Prime Minister Keir Starmer as a tough negotiator.

Apple accused of greenwashing in US lawsuit

A group of Apple Watch buyers have filed a lawsuit in Silicon Valley accusing the tech giant of exaggerating how environmentally friendly production of the smart wristwear is.

Meta fires employees for leaks amid Zuckerberg's Trump pivot

Meta on Thursday said it had laid off 20 workers for leaking information to the media, as the social media giant faces pressure over the recent political shift of its boss Mark Zuckerberg towards US President Donald Trump.

Trump tariffs: What's been done and what is to come?

From tariffs to counter "unfair trade" to duties over illegal immigration and fentanyl smuggling, President Donald Trump has unleashed a volley of threats since taking office, sparking fears of widening trade tensions.

Mexican president hopes to talk with Trump to avoid tariffs

Mexican President Claudia Sheinbaum said Thursday that she hoped to talk to her US counterpart Donald Trump as part of efforts to avoid being hit with his threatened tariffs.

The risks of Trump tariffs encapsulated in a car key

They unlock vehicles with just the touch of a button, but the manufacturing of electronic car keys is anything but simple, illustrating the potential complexities and costs of US President Donald Trump's threatened tariffs.

Trump says China to face added 10% tariff starting in March

US President Donald Trump said Thursday that he would impose an added 10 percent tariff on Chinese imports while moving ahead with levies on Canada and Mexico next week, citing "unacceptable" drug smuggling.

Toronto Pride says sponsors bolting over Trump's anti-DEI push

The head of Canada's largest Pride festival said major corporate sponsors, which also do business in the United States, have withdrawn support to avoid being seen as favorable to LGBTQ initiatives.

In major shift, Ocalan calls for PKK to drop weapons, disband

Jailed PKK founder Abdullah Ocalan on Thursday called for his Kurdish militant group to lay down its weapons and dissolve itself in a landmark declaration read out in Istanbul.

European stock markets slide as Trump targets EU with tariffs

European stock markets struggled Thursday after US President Donald Trump's latest tariffs salvo, this time against the European Union, while earnings from chip titan Nvidia failed to impress despite another record performance.

Ocalan: Kurdish PKK founder who urged his fighters to disarm

Abdullah Ocalan, the jailed founder of the militant Kurdistan Workers Party (PKK), is an icon to many Kurds, but a "terrorist" to many within wider Turkish society.

Berliner Boersenzeitung - Economy (English)