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Stock markets boosted after EU, US strike trade deal

Stock markets rose in Europe and Asia on Monday after the European Union and United States hammered out a deal to avert a potentially damaging trade war.

Heineken sees beer sales dip but keeps profit outlook

Dutch brewer Heineken sold less beer in the first half of the year, it announced Monday, as a slump in sales in Europe and the US failed to offset better performance in Asia.

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Japanese economic growth smashes expectations

Quarterly growth data for Japan smashed expectations on Tuesday as car exports rebounded and tourists flooded back, but economists cautioned that it may not last.

Asian markets climb on US tech rally, China cuts rate

Asian markets rose Tuesday as a US tech rally bouyed sentiment although concerns over China weighed on Hong Kong as a surprise rate cut and a batch of weak figures gave little cheer on the economic outlook.

China suspends release of youth unemployment rates as economic data disappoints

China on Tuesday said it would suspend the release of youth unemployment rates, as its central bank cut a key interest rate to boost flagging growth.

China retail sales growth slows, falling below forecasts

China on Tuesday released weaker than expected economic data, with slowing retail sales growth pointing to shaky consumer confidence in the world's second-largest economy.

Economic jitters as outsider leads Argentina election race

Argentina devalued the peso as economic jitters gripped the country on Monday after an anti-establishment candidate advocating harsh austerity measures surged to the front of the presidential race.

Yellen calls for diversified clean energy supply chains

US Treasury Secretary Janet Yellen stressed Monday the need for diversified clean energy supply chains as America shifts away from fossil fuels, warning that production should not be concentrated in a few countries.

UBS to pay $1.4 bn to settle US fraud charges on subprime loans

UBS will pay $1.4 billion to settle US charges that it defrauded investors in the sale of mortgage-backed securities, resolving the last big case stemming from the 2008 financial crisis, the Justice Department announced Monday.

Biden calls for 'fair' contract as threat of US auto strike looms

President Joe Biden called on Monday for a "win-win" labor agreement between US car manufacturers and the United Auto Workers (UAW), weighing in as a potential strike looms next month.

Clarence Avant, 'Godfather of Black Music,' dies at 92

Clarence Avant, the entertainment executive who is counted among the music world's most impactful figures, died over the weekend, a statement from his family said Monday. He was 92 years old.

Hawaii star chefs mount massive operation to feed fire survivors

When the devastating wildfire ripped through Hawaii's Lahaina community last week, some of the archipelago's most renowned chefs sprang into action to help as best they could: in the kitchen.

Belgian pilots strike, cancelling 88 Ryanair flights

Belgian pilots staged their latest strike against Ryanair on Monday, forcing the Irish operator to cancel 88 flights through Charleroi, one of its busiest European hubs.

Foxconn boss sees potential to invest billions in India

Taiwanese tech giant and key Apple supplier Foxconn said Monday it sees the potential to invest "several billion dollars" in India, with the firm looking to diversify its manufacturing away from China.

Europe stocks edge higher as traders eye China property risks

European stocks mostly climbed on Monday, recovering from pre-weekend losses though traders were keeping a wary eye on the risks for China's property sector, which sent Asian markets into the red.

Chinese property giant Country Garden's shares sink on default fears

Shares in Chinese property giant Country Garden plunged on Monday after it missed bond payments and warned of billions of dollars in losses, deepening fears about the country's heavily indebted real estate sector.

Russian ruble plunges past 100 against dollar for first time since March 2022

The Russian ruble slid past 100 against the dollar Monday, its lowest level since March 23, 2022 -- weeks after Moscow unleashed full-scale hostilities in Ukraine.

Dutch open trailblazing skatepark for LGBTQ people, women

Skateboarders in colourful outfits zip around a skatepark unique in Amsterdam, one of the first in the world to provide a safe space for LGBTQ and women skaters.

Shares in Chinese property giant Country Garden down sharply

Shares in Chinese property giant Country Garden plunged on Monday after it missed bond payments and warned of multibillion-dollar losses, deepening concerns over the nation's heavily indebted real estate sector.

Asian markets fall on China property woes

Asian markets posted sharp losses in early Monday trade, after falls in US tech stocks and as concerns over China's property sector weigh on sentiment.

Argentines head to polls in wide open presidential primary

Argentines headed to the polls Sunday in a primary election to determine the candidates for October's presidential vote, amid an economic crisis that has fueled skepticism among some toward traditional politicians.

'Barbie' retains top spot at N.American box office for fourth week

Warner Bros.' hit "Barbie" dominated North American box offices for a fourth consecutive week, industry estimates showed Sunday, as director Greta Gerwig continues to bust industry records.

Father of Colombian children rescued in jungle charged with sexual abuse

The father of two of the four Indigenous children who survived for 40 days in the Amazon has been charged with sexually abusing his stepdaughter, Colombian prosecutors announced.

Migrants on France's Channel coast undeterred by latest deaths

"Crossing the Channel, it's playing with our lives," Hajji Mahmud acknowledged.

Pratt & Whitney engine issue adds to airline challenges

Commercial airlines have faced a tricky balancing act this summer, ramping up service to meet torrid travel demand in a period of labor shortages and supply chain constraints.

MrBeast, the YouTuber who bit more burger than he could chew

It's September 4, 2022, and around 10,000 people are shouting "Beast, Beast, Beast" in a shopping mall in New Jersey: YouTuber MrBeast is on his way to launch his first burger restaurant, and the crowd is hysterical.

Rise of the machines: AI spells danger for Hollywood stunt workers

Hollywood's striking actors fear that artificial intelligence is coming for their jobs -- but for many stunt performers, that dystopian danger is already a reality.

FTX founder Sam Bankman-Fried jailed after bail revoked

A US federal judge on Friday ordered FTX founder Sam Bankman-Fried back to prison after prosecutors argued he had violated the conditions of his bail and tampered with witnesses, less than two months before his trial.

Yellen sees 'resilience' in US economy even as it cools

US economic growth and wage gains should "serve as a source of resilience" moving forward even if the economy continues to cool, Treasury Secretary Janet Yellen said in remarks released Friday.

Stock markets waver after US wholesale inflation data

Stock markets wavered Friday after data showed a bigger-than-expected rise in US wholesale inflation and traders weigh the likelihood of more interest-rate hikes this year.

UK accuses striking doctors of harming patients

Hospital doctors in England on Friday launched their latest walkout as the government said their strike to demand a 35-percent pay increase served "only to harm patients".

Malaysia festival nixed over gay kiss seeks $2.7mn from British band

The organiser of a Malaysian festival cancelled after a kiss between two male members of The 1975 is seeking $2.7 million in damages from the British indie-rock band, its lawyer said Friday.

Markets drop again as US inflation fails to soothe rate fears

Equity markets mostly fell Friday as a below-forecast US inflation reading boosted hopes the Federal Reserve will hold interest rates next month but did little to dispel fears it could hike later in the year.

Markets struggle again as US inflation fails to sooth rate worries

Asian markets mostly fell Friday as a below-forecast US inflation reading boosted hopes the Federal Reserve will hold interest rates next month but did little to dispel fears it could hike later in the year.

Berliner Boersenzeitung - Economy (English)