English

Doloresz Katanich

Economy

The German GDP is shrinking by 0.6% this year

A new forecast expects the overall German economic output to contract this year, mainly due to a slower-than-expected recovery in the industry and private consumption.

Economy

Households lost a record €6.6 trillion across the world in 2022

2022 was a “turning point” for global wealth, says German financial company Allianz in its latest Global Wealth Report.

Markets

Billions at stake: Property giant Evergrande is facing new crisis

One of the world's biggest debt restructuring plans has been thrown into uncertainty raising fears of a major Chinese property crisis.

Economy

Indians have just a few days to return billions in banknotes

The country's highest-value banknote will be withdrawn by the end of September - $3 billion worth of which is still in circulation.

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Markets

Oil prices keep rising, experts foresee $100 a barrel

After a short pause last week, oil prices are on the rise again fuelled by Russia's temporary ban.

Markets

Uncertainty in Europe as oil prices keep climbing

Oil prices have climbed further after they hit a ten-month record on Thursday and gas prices are also inching towards their highest level of the year.

Markets

Chip designer Arm secures almost $5 billion in mammoth IPO

British chip designer Arm Holdings' shares debut on the Nasdaq on Thursday, in what is the largest initial public offering in nearly two years.

Markets

Chipmaker Arm is launching the biggest IPO of the year

Billions of dollars worth of shares are entering the market in what might be the biggest IPO of the year.

Economy

The Ukraine war and extreme heat are threatening global food security

Russia’s partial blocade of Ukrainian grain exports as well as extreme weather events have fuelled fears about global food supplies, but things may not be as bad as they seem, according to the OECD.

Business

What economic crime gets you 11,000 years in jail?

Faruk Fatih Özer, CEO of collapsed Turkish crypto exchange Thodex, was sentenced to 11,196 years in jail on Thursday.

Business

How Apple lost nearly $200 billion almost overnight

Apple's shares have been tumbling for the second day in a row, losing the equivalent of Hungary's GDP, after news that the tech giant could face a partial iPhone ban in China.

Economy

Eurozone sees sluggish growth in second quarter

The latest figures from Eurostat show that economic activity in the eurozone grew less than initially estimated, by 0.1% over the April-June period compared to the previous three months.

Business

Apple faces partial iPhone ban in China

The Chinese government plans to expand a ban on the use of iPhones to state firms and agencies.

Business

Did Elon Musk loan money from SpaceX to pay for Twitter?

The businessman withdrew a loan of $1 billion from SpaceX around the same time he was acquiring Twitter.

Markets

Novo Nordisk topples LVMH as Europe's most valuable company

The Danish drugmaker has ended French luxury group LVMH's two-and-a-half-year reign as the most valuable company in Europe.

Business

BRICS wants an increased influence that the West cannot ignore anymore

Six new countries are set to join the BRICS to make their presence felt on the global economic stage. But the Western world’s sustainability goals might suffer the consequences.

Culture news

Step onboard the Titanic in Paris for an immersive exhibition

A new show offers a boarding pass onto the Titanic. It features items brought up from the wreck by French deep-sea explorer Paul-Henri Nargeolet who died in the Titan submersible disaster last month.

Culture news

Jenin camp refugees find hope in art

In the Israeli-occupied Jenin in West Bank, there are more than 20,000 refugees living in a camp. From an early age, many of them nurture hope through painting and drawing.

Culture news

Black Lives Matter marks its 10th anniversary

10 years ago an African-American boy was killed in Florida, US. The death of Trayvon Martin sparked a movement that is supported by half of US citizens today.

Culture news

Meet the prisoners playing jazz with professional musicians

"When I come to the music workshop, I'm not in prison", says one of the inmates at the Saint-Quentin-Fallavier detention centre in France, where prisoners played with musicians of the 'Jazz à Vienne' festival.

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