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Featured

With tariff war, Trump also reshapes how US treats allies

Japan and Taiwan promised billions in investment. Britain offered an invitation from the king. In the end, even US allies failed to dissuade President Donald Trump from hitting them with tariffs, which threaten to remake not just the global economy but the foundations of US foreign policy.

Penguin memes take flight after Trump tariffs remote island

Donald Trump's tariffs have become a black and white issue on social media, where penguin memes have gone viral after he targeted an island inhabited by the flightless birds, but no people.

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Brazil's central bank holds 13.75% interest rate amid 'high' inflation

Brazil's central bank held its benchmark interest rate at 13.75% on Wednesday, remarking that inflation "remains high" despite receding for three months in a row, just four days before a presidential election.

12 women foreign ministers condemn Iran's crackdown

Women foreign ministers from a dozen nations led by Canada's Melanie Joly on Wednesday jointly condemned Iran's violent crackdown on women's rights, as protesters in the Islamic republic marked 40 days of unrest.

S.Africa to swallow part of Eskom's debt to keep it afloat

South Africa's treasury vowed Wednesday to take over more than half of Eskom's multi-billion-dollar debt to ensure the embattled energy utility's viability and curb the energy crisis that has put a break on growth.

Seeing no China progress, Boeing eyes other prospective MAX buyers

Boeing said Wednesday it is seeking other potential customers for its 737 MAX because China is still not taking delivery of the jetliners it has ordered.

Macron, Scholz tackle tensions in 'constructive' meeting

French President Emmanuel Macron hosted German Chancellor Olaf Scholz for lunch Wednesday, with both sides saying they made progress towards easing differences on energy and defence dogging the European Union's vital double act.

Boeing reports huge loss on defense contract woes

Aerospace giant Boeing reported a surprise $3.3 billion third-quarter loss Wednesday as it struggled with swelling costs on several defense programs, including the US presidential jet Air Force One.

US new home sales fall in September on rising mortgage rates

New home sales in the US dipped in September, official data showed Wednesday, as worsening affordability nudges ownership further out of reach for many.

Would-be crypto investors in Singapore could face risk awareness tests

People looking to trade cryptocurrency in Singapore may soon have to take a test to prove they understand what they are getting into, the central bank said Wednesday, as it looks to prevent clueless investors from bankrupting themselves.

Boeing reports $3.3 bn loss due to rising defense program costs

Boeing reported a surprise $3.3 billion third-quarter loss Wednesday because of swelling costs on several defense programs due in part to supply chain expenses.

Iran security forces open fire as thousands mourn Mahsa Amini

Iranian security forces opened fire on protesters who massed in their thousands on Wednesday in Mahsa Amini's hometown to mark 40 days since her death, a human rights group said.

Macron, Scholz meet in bid to defuse Paris-Berlin tensions

French President Emmanuel Macron hosted German Chancellor Olaf Scholz for lunch Wednesday, with the leaders hoping to pare back differences on energy and defence and revitalise the European Union's key double act.

Would-be crypto investors in Singapore could face risk tests

Asian markets rise with Wall St on rate hope, healthy earnings

Asian stocks rose Wednesday to build on another strong performance in New York following more healthy earnings from big-name firms while hopes for a slowdown in Federal Reserve rate hikes spread cheer.

Deutsche Bank net profit soars five-fold in Q3

Germany's biggest lender Deutsche Bank on Wednesday said its third-quarter net profit had risen more than five-fold year-on-year, far better than expected, as a restructuring programme bears fruit.

Santander's net profit climbs to 2.4 bn euros in Q3

Spanish banking giant Banco Santander on Wednesday announced an 11-percent increase in net profits year-on-year in the third quarter.

China fiscal deficit balloons to nearly $1 trillion as economy cools

China's fiscal deficit ballooned to an all-time high of nearly $1 trillion in the first nine months of the year, analysis of government data by Bloomberg showed, as a real estate crisis and tax rebates to boost a cooling economy emptied government coffers.

Israel's cost of living crisis becomes election issue

With her tattooed arms bare and her head uncovered, Talia looks somewhat out of place shopping at a Jerusalem discount supermarket that caters to modestly dressed ultra-Orthodox Jews.

Gender: X - Proud owner of Chile's first non-binary ID card

Shane Cienfuegos, the first non-binary person to receive a gender-neutral identity document in Chile, says they feel a "great weight" of responsibility despite their victory over centuries of discrimination.

Force firms to reveal their impact on nature: major businesses

Businesses must be compelled to reveal their impact on nature, more than 300 firms said in an open letter to world leaders published on Wednesday ahead of crunch United Nations negotiations to halt catastrophic biodiversity loss.

Google parent Alphabet's profits fall short at $14 bn

Google parent Alphabet on Tuesday reported quarterly earnings that fell short of market expectations as belts tightened in the digital ad market that drives its revenue.

US stocks rise again as pound rallies on new PM

Wall Street stocks rallied and the dollar slid Tuesday on hopes for a moderation in Federal Reserve policy, while the pound shot higher as former finance chief Rishi Sunak became Britain's prime minister.

Vieira points to 'lack of opportunity' for black managers

Patrick Vieira has called for black players to be given more opportunities in coaching and at the executive level in football.

Coca-Cola sees more consumer shifts due to inflation as profits jump

Coca-Cola reported a jump in profits Tuesday due in part to price increases but said some consumers are beginning to pull back due to inflation.

New PM Meloni confirms Italy's place in Europe, NATO

New Italian Prime Minister Giorgia Meloni set out her programme for government on Tuesday, reaffirming her support for the EU and Ukraine and promising to boost economic growth while rejecting Fascism.

GM confirms profit forecast despite 'challenging' environment

General Motors confirmed its full-year financial forecast Tuesday, lifting shares as it reported strong consumer demand in spite of a "challenging" environment with grinding inflation.

Stocks mostly retreat on mixed earnings; pound up on new PM

Stock markets mostly fell Tuesday as traders reacted to mixed earnings, while Hong Kong steadied after the previous session's rout triggered by China President Xi Jinping tightening his grip on power.

Adidas cuts ties with Kanye West over anti-Semitic remarks

German sportswear giant Adidas said Tuesday it was ending its partnership with Kanye West after a series of anti-Semitic outbursts by the controversial rapper.

New PM Meloni says Italy committed to Europe

Italian Prime Minister Giorgia Meloni confirmed her government's support for the European Union, NATO and Ukraine on Tuesday in her first address to parliament, one month after her far-right party won a historic election victory.

HSBC profits slide on bank impairment charges

Global bank giant HSBC on Tuesday announced tumbling profits for the third quarter on impairment charges linked to a weak economic outlook and its upcoming sale of French retail operations.

UBS net profit down in Q3 as revenues fall

Swiss banking giant UBS on Tuesday reported a fall in net profits in the third quarter, though still better than expected against a backdrop of falling revenues at the investment bank.

Hong Kong, Shanghai fluctuate on China worries as other markets mixed

Hong Kong and Shanghai stocks saw big swings Tuesday following the previous day's rout after Xi Jinping tightened his grip on power in China, while other markets fought to maintain a rally fuelled by hopes of a less hawkish Federal Reserve.

Will Africa's metals boom suffer the same curse as oil?

Mechanical diggers are hard at work in the bleak landscape of the Moanda open-cast mine in Gabon, using giant jaws to rip out manganese and then dump the ore into trucks with a crash.

Berliner Tageblatt - Economy (English)