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Tourism boom pushes limits of Athens air traffic control

Green arrows representing tourist-laden jets pile up on the screens of the Athens air traffic controllers, a puzzle to solve at the height of tourist season.

VW chief warns carmaker's situation 'more than critical'

Volkswagen's CEO warned Sunday the company was in a "more than critical" state ahead of meetings with the car giant's staff where he will defend the company's savings plans.

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BMW overcomes chip crisis to post record result in 2021

German auto manufacturer BMW shook off the supply chain issues that plagued the industry in 2021 to post a record high net profit figure, the group said Thursday.

Credit Suisse reveals over $900 million exposure to Russia

Swiss banking giant Credit Suisse said Thursday that its exposure to Russia totalled over $900 million at the end of last year, with "minimal" links to individuals sanctioned over the Ukraine war.

From 'puppets' to players: Ukraine war reveals shift for US's Gulf allies

Russia's invasion of Ukraine has exposed a once unthinkable divergence between Washington and key Middle East allies Saudi Arabia and the UAE, the oil giants that are increasingly independent on the international stage.

Asian markets join global rally, oil rebounds from plunge

Asian equities rallied Thursday following a strong bounce on Wall Street and a breathtaking surge in Europe sparked by a plunge in oil prices and bargain-buying following a Ukraine-fuelled rout.

Bayer sells pest control unit for $2.6 bn

German chemicals and pharmaceuticals giant Bayer said Thursday it has agreed to sell its pest control unit to British private equity firm Cinven for $2.6 billion (2.4 billion euros).

Children of exile bring fresh vision to Chile cabinet

Six people exiled as children under Augusto Pinochet's dictatorship will now play a vital role in Chile's future as part of new president Gabriel Boric's cabinet.

Invasion of Ukraine threatens to scramble ECB's plans

Russia's invasion of Ukraine and spiralling energy prices have upended the economic outlook and left European Central Bank policymakers with the task of navigating the eurozone through a fresh crisis at their meeting on Thursday.

Asia stocks track US, European surge, oil extends losses

Asian equities rallied Thursday following a strong bounce on Wall Street and a breathtaking surge in Europe sparked by a plunge in oil prices and bargain-buying following a Ukraine-fuelled rout.

Thailand makes green push with floating hydro-solar power project

A vast array of solar panels floats on the shimmering waters of a reservoir in northeast Thailand, symbolising the kingdom's drive towards clean energy as it seeks carbon neutrality by 2050.

Chernobyl power cut, transmission lost at Europe's largest atomic plant: IAEA

Power has been cut to the Chernobyl nuclear plant, Ukraine said Wednesday, but the UN's atomic watchdog said there was "no critical impact on safety".

Joe Biden's perilous oil diplomacy

How far should Joe Biden go to limit soaring US gas prices? The US president has launched an oil diplomacy gambit to compensate for banning Russian petroleum, but he risks accusations of propping up authoritarian leaders and undermining his own battle for democracy.

Tinder lets users run background checks before dates

Dating app Tinder will give US users a way to check if potential dates have been convicted of a violent crime, a check that experts warn has limitations.

Heineken, Carlsberg and Universal Music join Russia exodus

Dutch brewer Heineken, Danish beer-maker Carlsberg, and Universal Music Group have become the latest Western firms to halt operations in Russia over Moscow's war in Ukraine.

Girls more likely to attribute failure to lack of talent: study

Across the world, girls are more likely than boys to blame academic failure on a lack of talent, according to a large study on gender stereotypes published Wednesday.

Financial aid for Ukraine critical to keep services working

As the crisis worsens in Ukraine, humanitarian and security aid is flowing into the country, but financial support to keep the government running also is critical.

Some Russians say 'good riddance' as McDonald's closes up shop

When the Soviet Union's first McDonald's opened on January 31, 1990, it drew huge crowds and became a powerful symbol of an isolated country opening up to the West.

New Facebook tools target misinformation in users' groups

Facebook on Wednesday began letting groups automatically reject posts identified as containing false information, taking aim at a part of the massive network that has drawn particular concern from misinformation watchdogs.

Israel, Turkey hail new era after years of broken ties

Israel and Turkey proclaimed a new era in relations on Wednesday following more than a decade of diplomatic rupture, as Israeli President Isaac Herzog made a landmark visit to Ankara.

Volunteers drop everything, cross borders, to help Ukraine refugees

For Simon Massey, a British freelance event coordinator, helping to manage the inflow of refugees from war-torn Ukraine to Poland is very similar to what he does at work, only on a larger scale.

Davos cold shoulders Russians over Ukraine war

The World Economic Forum said Wednesday it was freezing all relations with Russian entities, and would not allow anyone on the sanctions list to take part in the annual high-powered meeting in Davos.

Volkswagen reimagines classic camper for the electric age

Seventy years after its first model rolled off the factory line, Volkswagen is reinventing the VW bus, symbol of the hippy movement, for today's climate-conscious generation -- but some of its former afficionados remain to be convinced.

Sri Lanka restricts 'luxuries' as forex crisis worsens

Sri Lanka on Wednesday tightened restrictions on a wide range of imports from whisky to kitchen appliances as a foreign exchange shortage pushed the economy to the brink of collapse.

European stocks rebound sharply on bargain hunting

European equities surged Wednesday on bargain hunting, but analysts warned that the temporary bounce would not last due to fallout from Russia's invasion of Ukraine.

Israel's president lands in Turkey aiming to 'restart' ties

Israel's president landed in Ankara on Wednesday to meet Turkish leader Recep Tayyip Erdogan, the first visit by an Israeli head of state since 2007, as the countries seek to mend fractured ties.

Guatemala Congress ramps up prison sentence for abortion, bans gay marriage

Guatemala's conservative-led Congress approved on Tuesday a law ramping up the prison sentence for women who choose to have an abortion, while banning both gay marriage and teaching on sexual diversity.

Cathay Pacific slashes loss to $703 mn from $2.76 bn in 2020

Hong Kong carrier Cathay Pacific on Wednesday posted a loss of just over US$703 million for last year, a massive improvement on the record loss suffered in 2020 even as the airline struggled with tough travel restrictions.

Asian markets edge up, oil extends gains with focus on Ukraine

Asian equities mostly edged up Wednesday as three days of painful losses gave way to a semblance of stability, though oil prices extended gains after the United States and Britain moved to ban imports of Russian crude.

Israel's president heads to Turkey in bid to rebuild ties

Israel's president heads to Turkey Wednesday to meet his counterpart Recep Tayyip Erdogan, the first visit by an Israeli head of state since 2007, as the countries seek to mend fractured ties.

'Lithuania mania' sweeps Taiwan as China spat sizzles

The tiny handful of Lithuanians living in Taiwan are suddenly in vogue among the island's residents after their small Baltic nation did something Taipei has long staked its identity on: stand up to China.

Coca-Cola, PepsiCo say they will halt business in Russia

Coca-Cola and PepsiCo are suspending business in Russia, the soft drink giants announced Tuesday, as corporations and Western governments penalize Moscow for its invasion of Ukraine.

Brazil's Bolsonaro backtracks on 'menstrual poverty' row

Brazilian President Jair Bolsonaro signed a decree Tuesday providing for free menstrual supplies for low-income women and girls, five months after drawing criticism for vetoing a similar measure.

McDonald's joins US firms shutting down Russia operations

McDonald's on Tuesday became the latest on the growing list of US multinational companies to suspend activities in Russia, joining Apple, Levi's and others, but some have chosen to stay in the country despite the risks to their reputation.

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American Marconi Wireless News - Economy (English)