Berliner Boersenzeitung

European stocks rise while Wall Street has another mixed session

European stocks advanced Wednesday, with London striking another record, driven by hopes of interest rate cuts while Wall Street finished mixed on another day without major macroeconomic news.

Kenya inks deal to end doctors' strike

Kenya's government has signed a deal with striking doctors, the health ministry announced Wednesday, after almost two months of industrial action that left thousands of patients struggling to find medical care.

EU eyes first ever sanctions on Russia's LNG sector

The EU is considering expanding its sanctions against Moscow over the war in Ukraine to target Russia's liquefied natural gas sector, EU diplomats said Wednesday.

European stocks rise but Wall Street wobbles

European stocks advanced Wednesday, with London striking another record, driven by hopes of interest rate cuts as inflation eases.

US revokes some licenses for exports to China's Huawei

The United States has revoked some export licenses that allowed companies such as US chip firm Qualcomm to supply Chinese tech giant Huawei, the Commerce Department confirmed on Wednesday.

Kenya health ministry says deal signed to end doctors' strike

Kenya's government has signed a deal with striking doctors, the health ministry announced Wednesday, after almost two months of industrial action that left thousands of patients struggling to find medical care.

European stocks rise but Wall Street slips

European stocks advanced Wednesday, with London striking another record, driven by hopes of interest rate cuts as inflation eases.

EU queries X over cut to content moderation resources

The EU on Wednesday told digital platform X to explain a cut to content moderation resources, amid concerns over disinformation ahead of European elections in June.

Europe stocks advance, London hits new record

European stocks advanced Wednesday, with London striking another record, driven by hopes of interest rate cuts in the eurozone, Britain and the United States as inflation eases.

BMW says EU probe into China EV subsidies against free trade

The chief executive of German luxury carmaker BMW on Wednesday warned the European Union's investigation into Chinese electric car subsidies runs counter to free trade.

Bubbling profits for AB InBev despite Bud Light boycott

The world's largest brewer AB InBev on Wednesday toasted a jump in profits in the first quarter, despite a drop in beer sales driven by a Bud Light boycott in the United States.

AstraZeneca withdraws Covid vaccine as demand dives

Anglo-Swedish drugmaker AstraZeneca on Wednesday said it was withdrawing Covid vaccine Vaxzevria, one of the first produced in the deadly pandemic, citing "commercial reasons" following a slump in demand.

Markets mixed as traders weigh rates outlook

Equity markets were mixed Wednesday as the latest global rally ran out of steam due to a lack of major catalysts, while investors contemplated the outlook for monetary policy.

Spain struggles to stamp out drug trade in poor south

The killing of two police by drug traffickers has focused attention on smuggling networks in southern Spain, where poverty makes it easy for gangs to recruit youngsters.

Japanese auto giant Toyota posts record net profit

Toyota reported record annual net profit of more than $30 billion on Wednesday but the world's largest automaker by sales warned that the current year would be less spectacular.

Rubbish, climate change help boost Portugal's white stork numbers

Above a flowering meadow in southern Portugal, three white stork nestlings click their beaks, adding to the chorus of a thriving stork population that has settled year-round in the country.

Mongolia's wildlife at risk from overgrazing

The icy peaks of Jargalant Mountain are supposed to belong to snow leopards, whose numbers have dwindled to fewer than 1,000 in Mongolia, but hard-pressed herders are increasingly pushing into the vulnerable animals' traditional habitat.

Toyota posts record yearly net income, revenue

Toyota said Wednesday that it enjoyed a record net profit of 4.94 trillion yen ($31.9 billion) in the year to March on revenues of 45.1 trillion yen, which was also an all-time high.

Global car giants seek tech allies in China's cutthroat EV market

Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world's biggest electric car market, where shiny smart screens, assisted driving and sophisticated map technology are in high demand.

US centenarian to marry at Normandy, 80 years after Allied landing

Americans Harold Terens and Jeanne Swerlin promise their courtship is "better than Romeo and Juliet": He is 100, she's 96, and they marry next month in France, where the groom-to-be served during World War II.

Sideways day on Wall Street as London notches another record

The rally in Wall Street stocks took a pause Tuesday while many overseas bourses pushed higher amid renewed optimism that the US Federal Reserve could cut interest rates this year.

China's Xi lands in Serbia after talking Ukraine, trade in France

Xi Jinping arrived in Belgrade on Tuesday evening, after French President Emmanuel Macron hosted a high altitude lunch at a childhood haunt in the Pyrenees mountains for the Chinese leader.

Argentina introduces 10,000-peso banknote

Inflation-battered Argentina on Tuesday introduced a 10,000-peso banknote, worth the equivalent of about $11 -- five times the face value of the previous biggest 2,000-peso bill.

TikTok challenges potential US ban in court

TikTok and its Chinese parent company ByteDance filed a legal challenge against the United States on Tuesday, taking aim at a law that would force the app to be sold or face a US ban.

Disney reports small loss but sees improvement in streaming

Disney reported higher revenues Tuesday on a strong performance by its theme parks division and an improving streaming business, but a write-down in the company's India business resulted in a small loss.

Biden slams 'ferocious' rise in anti-Semitism amid Gaza protests

US President Joe Biden condemned a "ferocious surge" in anti-Semitism on Tuesday, in a Holocaust memorial speech that came at a fraught moment in Israel's war in Gaza and with protests roiling American universities.

Ferrari confirms 2024 guidance after first quarter boost

Italian luxury carmaker Ferrari on Tuesday posted a double digit rise in both profits and sales for the first quarter of 2024, and confirmed its full-year guidance.

Stock markets climb on lower rates optimism

Stock markets on Tuesday continued to rally over optimism that the US Federal Reserve will cut interest rates this year.

US, allies sanction LockBit leader over ransomware attacks

The United States, Britain and Australia unveiled sanctions Tuesday against the leader of the Russian ransomware outfit LockBit, which they accuse of extorting billions of dollars from thousands of victims.

Boeing Starliner crewed mission postponed until at least Friday

The first crewed launch of Boeing's Starliner spaceship will have to wait until at least Friday to give ground teams time to analyze a malfunctioning rocket valve, pushing back a high-stakes test trip to the International Space Station.

Stock markets mostly rise on lower rates optimism

Stock markets extended the week's rally Tuesday on optimism that the US Federal Reserve will cut interest rates this year.

Macron hosts Xi in French mountains to press messages on Ukraine, trade

French President Emmanuel Macron on Tuesday was to host Chinese leader Xi Jinping at one of his beloved childhood haunts in the Pyrenees mountains, seeking to press a message to Beijing not to support Russia's war against Ukraine and to accept fairer trade.

Berliner Boersenzeitung - Economy (English)

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