Berliner Boersenzeitung

Featured

Tech giants' net zero goals verging on fantasy: researchers

The credibility of climate pledges by the world's tech giants to rapidly become carbon neutral is fading fast as they devour more and more energy in the race to develop AI and build data centres, researchers warned Thursday.

Nvidia hits fresh record while global stocks are mixed

Global stocks were mixed Wednesday as markets weighed lingering worries about the Iran-Israel conflict while Nvidia surged to a fresh all-time high on bullishness over artificial intelligence.

Last news

Oil surges back up on Russia tensions

Oil prices soared Thursday on tensions surrounding key producer Russia, as equities diverged with traders tracking interest rate decisions, the Ukraine conflict and China's pledge to support volatile markets.

BoE hikes rate again as Ukraine war fuels inflation

The Bank of England on Thursday hiked its main interest rate to its pre-pandemic level to combat runaway inflation that risks soaring far higher as the Ukraine conflict fuels energy costs.

Indonesia begins electric car production with Hyundai plant

South Korea's Hyundai has launched the first electric car assembly plant in Indonesia, as the Southeast Asian archipelago looks to exploit an abundance of resources used in EV production.

BoE agrees third straight rate hike as inflation soars

The Bank of England on Thursday hiked its main interest rate to its pre-pandemic level, the third increase in a row, to combat decades-high inflation.

Moscow says it made debt interest payment, avoiding default

Russia announced Thursday that it paid interest on foreign debt due this week, avoiding a devastating default for now after it was hit by unprecedented Western sanctions over Ukraine.

Deliveroo reports rising annual losses as costs jump

International takeaway food app Deliveroo on Thursday announced rising annual losses after costs rose by more than one third, offsetting a surge in home deliveries.

UN to vote on its scope in Afghanistan, barring a Russia veto

The Security Council votes Thursday on a resolution to secure the United Nations' presence in war-torn Afghanistan into the future -- unless Russia, which has stymied negotiations this week, vetoes the measure.

'Here there is nothing': Yemen's Aden scarred by grinding war

Bullet-riddled homes, buildings turned to rubble and countless pictures of "martyrs": seven years into Yemen's civil war, the interim capital Aden bears the scars of a conflict that shows no signs of abating.

Netflix tests charging a fee to share accounts

Netflix on Wednesday said it is testing charging a fee to subscribers who share their accounts with people who don't live in their homes.

Brazil hikes key interest rate ninth straight time

Brazil's central bank raised its key interest rate for the ninth straight time Wednesday, as Latin America's biggest economy continues to reel from surging inflation, now exacerbated by the Ukraine war.

Citigroup to cover travel costs after US state abortion laws

Citigroup plans to provide travel benefits to workers who live in states that have passed laws to restrict abortion rights, such as Texas.

US Fed raises interest rate in battle against high inflation

The Federal Reserve escalated its battle against the wave of prices increases battering the US economy on Wednesday by raising the benchmark interest even as it acknowledged the risk posed by the war in Ukraine.

Ukraine leader entreats US as Putin claims invasion on course

Ukraine's leader on Wednesday made an emotive appeal to US lawmakers for greater Western intervention against Russia, which insisted its invasion was going "successfully" despite the West rallying to Kyiv's aid with arms and sanctions.

Stocks rally on China action, Ukraine hopes

Global stocks rallied on Wednesday, buoyed by Ukraine peace hopes and China's pledge to help stabilise markets after recent routs.

Nickel trading resumes in London after IT error

Trading in nickel resumed Wednesday on the London Metal Exchange but was disrupted by an IT glitch, after a suspension linked to the Ukraine crisis.

Cash-strapped Sri Lanka seeks IMF bailout

Sri Lanka will seek an International Monetary Fund bailout, President Gotabaya Rajapaksa said on Wednesday, to battle record inflation and unprecedented food and fuel shortages as the country runs out of dollars to finance imports.

Walmart seeks to hire 50,000 more workers in US

Walmart said Wednesday it plans to hire 50,000 workers in the United States by the end of April as it seeks to expand its retail operations amid a tight labor market.

Russia faces default fears as debt payment due

Russia is due to pay interest on its foreign debt Wednesday as sanctions over the Ukraine conflict have raised concerns that Moscow could face its first default in decades.

Brazil awards Bolsonaro 'medal of indigenous merit'

The Justice Ministry awarded President Jair Bolsonaro Brazil's "medal of indigenous merit" Wednesday, drawing criticism for granting the honor to a leader that indigenous groups accuse of "genocide" and "ecocide."

Howard Schultz returns to Starbucks as interim leader, Johnson exits

Starbucks announced Wednesday that longtime chief Howard Schultz will return to helm the global coffee shop chain on an interim basis while the company searches for a new leader amid a growing unionization drive.

Starbucks says Howard Schultz back as interim leader as Johnson exits

Starbucks announced Wednesday that longtime chief Howard Schultz will return to lead the global coffee shop chain on an interim basis while the company searches for a new leader amid a growing unionization drive.

Higher gas prices boosted US retail sales in February

Rising costs for gasoline caused US retail sales to grow in February, according to government data released Wednesday, though the expansion was slightly below expectations.

WTO chief hails Covid vaccines IP compromise

The World Trade Organization chief hailed Wednesday a breakthrough between the EU, the United States, India and South Africa on waiving intellectual property rights on Covid-19 vaccines.

Head of Russia's Yandex resigns after being hit by EU sanctions

The head of Russia's tech giant Yandex, Tigran Khudaverdyan, has resigned after being placed on a list of European sanctions.

Nickel trading resumes only briefly in London

Trading in nickel resumed Wednesday on the London Metal Exchange after a lengthy pause linked to the Ukraine crisis but was quickly suspended again after a sharp fall.

British PM to meet Saudi, UAE leaders as war roils oil prices

British Prime Minister Boris Johnson was to lobby Saudi Arabia and the United Arab Emirates to pump more oil to calm turbulent markets as he meets the Gulf states' leadership on Wednesday.

US steps up aid to Ukraine as pressure builds to halt Russia

The United States is set to unveil a fresh round of security assistance to Ukraine Wednesday, a White House official said, as Western leaders faced mounting pressure to stop Russia's bombardment of civilians and peace talks made halting progress.

Ben Affleck and Ana De Armas's fatal attraction

If there's one guy who knows how to make an erotic thriller in Hollywood, it's Adrian Lyne.

Asian markets bounce as Hong Kong tech sees bargain-buying

Asian markets saw a much-needed bounce Wednesday as Hong Kong's tech giants led a rally in the city after their recent rout, while oil prices rose back above $100 but remain pressured by concerns over demand from China.

Pakistani truck artist gives new flair to kicks

Haider Ali dabs a brush with an iridescent glob of paint and gets to work on a pair of sparkling white trainers -- his latest canvas for a carnival of colour celebrating Pakistani culture.

Fed set to raise interest rates to rein in inflation

US central bankers on Wednesday are poised to take the first step to raise borrowing costs in a bid to cap rising inflation before it surges out of control.

Dominoes the game for everyone in Venezuela

Efren Rodriguez leaves the table annoyed as his fellow players, drunk and laughing, cry out "Zapato! Get out!"

Berliner Boersenzeitung - Economy (English)