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Novartis first half net profits up 29 percent
Swiss pharmaceuticals giant Novartis posted Thursday a 29 percent increase in first-half net income, at $7.6 billion -- and unveiled its new chief financial officer.
Migration, defence on agenda for German chancellor's first UK visit
The UK hoped to win a firm commitment on Thursday from Germany to change its law to help smash people smuggling gangs as well as boosting defence ties, Prime Minister Keir Starmer's office said, as Chancellor Friedrich Merz began his first official visit to London.
Swatch profits plunge on weak China sales
Swatch Group said Thursday that weak sales in China wiped out growth elsewhere in the first half of the year for the world's top watch company, leaving it barely profitable.
EasyJet boss hits out over French air traffic walkouts
The boss of British no-frills airline EasyJet on Thursday bemoaned "unacceptable challenges" for staff and passengers resulting from strike action by air traffic controllers in France earlier this month.
'I thought I was going to die': sailor recounts Huthi attack in Red Sea
Filipino seafarer Cocoy was off-duty and resting in his cabin when the captain's voice boomed over the intercom of the cargo ship: "We are under attack".
Volvo Cars swings into loss on electric vehicles, tariffs
Volvo Cars announced on Thursday it had swung into loss in the second quarter, after it took an impairment charge for its electric cars, booked restructuring charges and dealt with a slower, tariff-troubled market.
Dairy giant New Zealand endures butter price shock
Butter prices have soared in dairy export giant New Zealand, latest figures showed Thursday, with local supplies cut short as the industry chases fatter profits overseas.
Taiwan's TSMC says second quarter profit up 60%
Taiwanese chipmaking giant TSMC reported Thursday a forecast-beating 60 percent rise in net profit for the second quarter on sustained demand for artificial intelligence technology.
Leaking pipes as climate warms: Bulgaria faces water crisis
Bulgarian villager Rumyana Tsoneva keeps opening the tap in her yard in Gorna Studena near the Danube -- and keeps finding it dry.
China moves to tame 'irrational competition' as EV price war persists
Chinese officials are seeking to tame the country's swelling electric vehicle industry with policies to prevent "irrational competition", state media said, as a brutal price war ensnares top automakers.
Japan's Sega eyes return to 1990s gaming glory
The big-screen success of 1990s video game speedster "Sonic the Hedgehog" has brought new fans to Japan's Sega, which says it is poised for a comeback after two tough decades.
AI-powered 'nudify' apps fuel deadly wave of digital blackmail
After a Kentucky teenager died by suicide this year, his parents discovered he had received threatening texts demanding $3,000 to suppress an AI-generated nude image of him.
Mexico City vows to tackle gentrification after protests
Mexico City authorities on Wednesday announced a plan to tackle gentrification, following protests against rising rents blamed on an influx of foreigners, including remote workers.
Trump says Coca-Cola to switch to cane sugar in US
Beverage giant Coca-Cola has agreed to use real cane sugar in its US production, President Donald Trump announced Wednesday on social media.
US stocks finish higher as markets gyrate on Powell firing fears
Wall Street stocks finished higher Wednesday, overcoming a mid-session swoon after US President Donald Trump denied plans to fire Federal Reserve Chair Jerome Powell.
United Airlines profits dip but says Newark has rebounded
United Airlines reported a drop in second-quarter profits Wednesday on higher costs and predicted a rise in travel as geopolitical worries ease.
EU mega budget hits immediate German opposition
The European Union executive on Wednesday proposed a two-trillion-euro long-term budget focused on tackling overseas competition and Russian aggression, but it was quickly shot down by Germany, the bloc's largest member.
Syria says pulling troops from Druze heartland after US request
Syria announced that its army had begun to withdraw from violence-hit Sweida on Wednesday, following a wave of Israeli strikes on the capital and a US call for government forces to leave the majority-Druze southern city.
Goldman Sachs profits jump as CEO eyes more merger activity
Goldman Sachs reported a jump in second-quarter profits Wednesday behind significant increases in financial advisory revenues that chief executive David Solomon said could presage an uptick in dealmaking.
EU unveils bigger long-term budget but risks fight with farmers
The EU executive proposed on Wednesday a two-trillion-euro long-term budget bazooka focused on tackling overseas competition and Russian aggression at Europe's borders -- at the risk of a new showdown with farmers.
Markets fall on reported Trump plan to fire Fed chief
Major stock markets stumbled on Wednesday after reports that US President Donald Trump was close to firing the head of the Federal Reserve in a dispute over interest rates.
Argentina under Milei: a tale of two economies
In Javier Milei's Argentina, falling inflation has stimulated a boom in car and real estate sales and foreign-bound planes take off laden with tourists.
Stellantis pulls plug on hydrogen fuel cell vans
Jeep-maker Stellantis said Wednesday it was pulling the plug on plans to build light vans using hydrogen fuel cells, saying it saw no prospects for it to be commercially viable.
Nvidia's Huang says 'doing our best' to serve Chinese market
Nvidia CEO Jensen Huang said on Wednesday his firm was "doing our best" to serve China's vast market for semiconductors after meeting Beijing officials.
Indonesian shoemakers fear Trump tariffs despite lower levy
At a leather boot shop in the Indonesian city of Bandung, workers handle an order from Texas but owner Etnawati Melani says she fears such business will dwindle when Donald Trump's tariffs hit exports.
Indonesia hails 'new era' with US after Trump trade pact
Indonesia's leader on Wednesday hailed a "new era" of trade relations with the United States, after Donald Trump said he slashed the tariff rate faced by Southeast Asia's biggest economy from 32 percent to 19 percent.
Dutch tech giant ASML sees profits rise but warns on 2026
Dutch tech giant ASML said Wednesday it booked higher net profits in the second quarter of 2025 compared with the same period last year but warned that geopolitical headwinds had darkened the 2026 outlook.
Cuban minister resigns after downplaying poverty
The labor minister in economically depressed Cuba resigned Tuesday amid an uproar over her claim that people rummaging through garbage cans were only pretending to be poor and not truly desperate.
Trump unveils investments to power AI boom
US President Donald Trump went to Pennsylvania on Tuesday to announce $92 billion in energy and infrastructure deals intended to meet big tech's soaring demand for electricity to fuel the AI boom.
Nasdaq gains while Dow, S&P 500 fall as US inflation ticks higher
Most US and European share indices slid on Tuesday, as US inflation data indicated President Donald Trump's tariffs could be feeding into his country's economy.
Syrian Druze say govt mission of peace devolved into rampage
The mainly Druze residents of the Syrian city of Sweida had hoped the arrival of government forces on Tuesday would spell an end to deadly sectarian clashes with local Bedouin tribes.
Trump says Indonesia to face 19% tariff under trade deal
President Donald Trump said Tuesday that he had struck a trade pact with Indonesia resulting in a lower US tariff on the country's goods than earlier threatened, alongside better market access.