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Mamdani to swap humble apartment for NY mayor's mansion

New York mayor-elect Zohran Mamdani announced Monday that he will be leaving his rent-controlled apartment in the borough of Queens for the luxurious official mayor's residence in Manhattan.

Boeing closes takeover of aviation supplier Spirit

Boeing announced Monday that it completed an acquisition of aerospace supplier Spirit AeroSystems, saying the move will allow for more seamless operations and enhance quality control.

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Asian markets sink as European stocks steady, eyes on Ukraine

Asian markets were back in negative territory Wednesday following a rout on Wall Street as traders are faced with a perfect storm of crises including China's Covid-linked economic woes, US interest rate hikes, soaring inflation and the Ukraine war.

India slashes size of biggest IPO

India has slashed the size of an initial public offering by insurance giant LIC but the share issue will still be the country's largest to date, with a targeted windfall of $2.7 billion, regulatory filings showed Wednesday.

Chinese drone maker DJI suspends Russia, Ukraine business

The world's largest drone maker DJI has said it will suspend all business operations in Russia and Ukraine, in a rare public move by a Chinese firm since Moscow's invasion of its neighbour.

Healing by helping: Mexico's acid attack victims

After Mexican mother Carmen Sanchez left her abusive ex-partner he attacked her with acid, leaving her severely scarred. As part of her healing process, she now helps fellow victims rebuild their lives.

Hong Kong exchange profits plunge amid IPO drought, virus woes

Hong Kong's stock exchange on Wednesday reported its biggest quarterly drop in profits for six years as tightened Chinese regulations strangled new listings and the city struggled with its worst-ever coronavirus outbreak.

Despite unrest, it's business before politics in West Bank town

Violence may rage elsewhere, but it's business before politics in the occupied West Bank town of Nilin where Palestinian merchants do a brisk trade with passing Israelis.

Buying a house is mission impossible for many Americans

Home for sale. To become the proud owner, simply make a quick offer, and outbid all interested buyers by $100,000.

Russian gas stop clouds outlook for solar panel supplier

In a glassworks in Tschernitz, a stone's throw from the border with Poland, the roar of the furnaces cannot drown out worried whispers about Russian gas supplies to Germany being cut off.

Cloud computing helps power strong Microsoft quarter

Microsoft on Tuesday reported strong quarterly earnings, powered by demand for cloud computing.

US authorities urge Amazon to improve safety after tornado deaths

US regulators on Tuesday called on Amazon to improve its safety protocols after six people were killed in December when a tornado hit one of the company's warehouses in the state of Illinois.

China worries weigh on global stocks, Wall Street plummets

Stock markets mostly fell Tuesday as investors worried about the impact of the Covid outbreak in China and rising interest rates in the United States.

US says ready for migrant surge after Covid rules lifted

The US government is prepared to handle a potential gush of migrants from next month when Covid-19 rules will no longer be used to push nearly all undocumented border-crossers back into Mexico, officials said Tuesday.

General Motors lifts 2022 profit forecast after mixed Q1

General Motors lifted its 2022 net income forecast Tuesday following a mixed quarter as it benefitted from strong consumer demand amid high vehicle prices despite lingering supply chain problems.

Google-parent Alphabet see quarterly profit slip

Shares in Google's parent company Alphabet slipped Tuesday after the internet giant reported that earnings in the recently ended quarter missed market expectations, with profit down from a year earlier.

Musings and missteps mark Musk on Twitter

Elon Musk's $44 billion deal to buy Twitter will make the world's richest person the master of a global platform where he has grabbed the spotlight with musings, quips, and barbs.

China worries weigh on global stocks

Stock markets mostly fell Tuesday as investors worried about the impact of the Covid outbreak in China and rising interest rates in the United States.

Prince Charles to reflect on Indigenous abuse on Canada visit

Prince Charles and his wife Camilla are to acknowledge the abuse of thousands of Indigenous children by Canada's school system during a visit next month, his office said on Tuesday.

US consumer outlook holds steady despite inflation, war: survey

Americans' outlook for the world's largest economy improved slightly in April, despite ongoing concerns about inflation and the war in Ukraine, a survey released Tuesday said.

US new home sales drop sharply in March

Sales of new homes fell in the United States last month, government data said Tuesday, as high prices continued to crimp demand.

European stock markets, oil, rebound

European equities staged a relief rally Tuesday, one day after tanking on fears over the Covid outbreak in China and rising interest rates in the United States.

US durable goods orders resumed growth in March: govt

Orders for big-ticket manufactured items picked up steam again last month, as businesses reported more demand for a variety of goods, according to US government data released Tuesday.

Keep going: world's oldest person eyes new longevity record

France's Sister Andre, believed to have become the oldest person alive this week at the age of 118, said Tuesday she would now like to beat the record of oldest person ever and that work and caring for others had long kept her spry.

HSBC profits slide as Ukraine war worsens inflation

HSBC profits slid in the first quarter, the Asia-focused bank announced Tuesday after it was hit by bad debts as Russia's invasion of Ukraine sent inflation rocketing further.

European stock markets rebound, oil extends losses

European equities staged a relief rally Tuesday, one day after tanking on fears over the Covid outbreak in China and rising interest rates in the United States.

Cash-strapped Sri Lanka to sell 'golden' visas

Cash-strapped Sri Lanka announced Tuesday it would sell long-term visas to attract desperately needed foreign currency after the island nation ran out of dollars to pay for food and fuel.

Twitter has long been more talk than money

Billionaire Elon Musk is capturing a social media prize with his deal to buy Twitter, which has become a global stage for companies, activists, celebrities, politicians and more.

In Ukraine's Lviv, war reaches even children's books

In the basement of the bookshop she manages in western Ukraine, Romana Yaremyn shows hundreds of books stacked half way to the ceiling after they were evacuated from the country's war-torn east.

HSBC first-quarter pre-tax profits drop nearly 30% to US$4.2 bn

HSBC said on Tuesday that first-quarter profits dropped nearly 30 percent owing to higher-than-expected credit losses and inflation but the Asia-focused lending giant remained upbeat about its outlook.

'Spider-Man' sequels and Bad Bunny kick off buoyant CinemaCon summit

Hollywood bosses showcased new "Spider-Man" sequels and brought rap superstar Bad Bunny on stage to kick off a bullish meeting of movie theater industry leaders in Las Vegas Monday.

Musk-ruled Twitter: users left to fight trolls and misinformation?

Elon Musk's vow to let everyone say whatever they want on Twitter after his takeover of the social media giant could put the onus on users to combat bullying and misinformation on the platform, experts say.

Asian markets mixed but China, Fed keep confidence in check

Asian markets were mixed Tuesday as investors scrabbled to recover from the previous day's rout but fears over the impact of China's Covid-induced lockdowns and the Federal Reserve's plan to hike interest rates quickly continue to drag on sentiment.

Texans forced to travel out of state, wait weeks for abortions

In a small Louisiana clinic, a five-hour drive from her home in the neighboring state of Texas, Shayla waits for her long-sought appointment to receive an abortion.

Berliner Boersenzeitung - Economy (English)