Zürcher Nachrichten

Mozambique still haunted by civil war as new conflict rages

As Mozambique battles a brutal Islamist insurgency, the legacy of a decades-long civil war still haunts the African nation where many former rebels refuse to disarm.

Far-flung Hong Kong diaspora linked by 'shared destiny'

Looking back on her decision to leave Hong Kong with her family just before the city's handover from Britain to China 25 years ago, Mary still believes she made the right call.

Hong Kong's blurring border with China a sign of things to come

From the hill in northernmost Hong Kong where Jasper Law stood, the border with China was obvious -- a narrow river dividing farmlands and fishponds from the gleaming skyscrapers of megacity Shenzhen.

Uber inks deal for Australian gig worker rights

Uber has reached a deal with a powerful Australian union after years of legal battles, campaigns and negotiations that will offer 100,000 drivers and food delivery workers more protections.

EU approves end of combustion engine sales by 2035

The European Union approved a plan to end the sale of vehicles with combustion engines by 2035 in Europe, the 27-member bloc announced early Wednesday, in a bid to reduce CO2 emissions to zero.

Range extenders: solar panels provide more juice to EVs

Startups and major carmakers are starting to incorporate solar panels on their electric vehicles, an addition that extends the range of the cars even if perpetual motion remains a dream.

EU insurance ban targets Russian oil exports

An EU ban on insuring ships transporting Russian oil could potentially hurt Moscow more than its embargo on the nation's crude, analysts say.

Philippine news site Rappler ordered to shut down

A Philippine news site co-founded by Nobel Peace Prize winner Maria Ressa has been ordered to shut down, the company said Wednesday, a day before President Rodrigo Duterte -- its arch-nemesis -- leaves office.

Global stocks split on China, US consumer confidence

European and Asian stocks climbed Tuesday and oil prices rallied as China relaxed hard-line Covid-19 policies, but Wall Street equities tumbled following weak consumer confidence data.

US boy, 8, shoots dead baby girl with father's gun

An eight-year-old boy shot dead a baby and wounded her toddler sister while playing with his father's gun in Florida last weekend, police said.

Russia demands Ukraine surrender as NATO readies for Finland, Sweden membership

Western allies vowed on Tuesday to boost NATO's defences and to back Ukraine to the end as Moscow demanded Kyiv's surrender.

Pro-Macron MP becomes France's first woman speaker

France's lower house of parliament on Tuesday agreed to pick an MP from President Emmanuel Macron's centrist coalition as the first woman speaker, despite the ruling alliance losing its majority in legislative elections.

South Africa escalates power cuts to acute levels

South Africa, a country plagued by power shortages, on Tuesday imposed the toughest electricity rationing in two and a half years after labour disputes disrupted production at several plants.

Party's over: Airbnb bans events permanently

Airbnb has made permanent its pandemic-era prohibition of parties at the properties rented out globally through its app, saying Tuesday the rules have been effective against problematic events.

Stocks split on China, US consumer confidence

European and Asian stocks climbed Tuesday and oil prices rallied further as China slashed the quarantine time for visitors, fuelling hopes of recovery for the world's second largest economy.

South Africa's Eskom announces further power cuts

South Africa, a country plagued by power shortages, on Tuesday imposed the the toughest electricity rationing in two and a half years after labour disputes disrupted production at several plants.

Record Ernst & Young fine in US for cheating on ethics exams

US authorities fined Ernst & Young a record $100 million over cheating on accounting ethics exams that the firm initially covered up from regulators, officials announced Tuesday.

Russia demands Ukraine surrender as G7 vows to make Moscow pay

Russia vowed on Tuesday its assault on Ukraine would continue until Kyiv surrenders, as world leaders warned that Moscow would pay for its aggression.

US likely to avoid recession, but rates need to climb: Fed official

The US economy will slow this year as intended and is expected to avoid a downturn, but the Federal Reserve will have to raise borrowing rates quickly, a top central bank official said Tuesday.

Hamilton calls for action after Piquet's racist slur

Lewis Hamilton said the "time has come for action" after being the subject of a racially offensive term used by three-time Formula One world champion Nelson Piquet.

F1 labels Piquet's racist language towards Hamilton 'unacceptable'

Formula One branded a racist term used by three-time world champion Nelson Piquet against Lewis Hamilton as "unacceptable" on Tuesday.

Asian markets' rally fizzles as rates, inflation fears return

Asian markets mostly fell Tuesday as investors struggled to maintain a recent rally while weighing central banks' inflation-fighting rate hikes and the possibility of a recession.

UN meet sees blitz of pledges to protect ailing oceans

A major UN conference on how to restore the faltering health of global oceans kicked off in Lisbon this week with a flurry of promises to expand marine protected areas, ban deep-sea mining, and combat illegal fishing.

At least 16 killed in missile strike on crowded Ukrainian mall

A Russian missile strike on a crowded mall in the central Ukrainian city of Kremenchuk killed at least 16 people, the head of emergency services said early Tuesday, sparking international outrage.

Nike profits dip on lower sales in North America, China

Lower sales in North America and China dented Nike's quarterly results as the sports giant on Monday projected modest revenue growth amid the strong dollar, rising inflation and other headwinds.

Oil prices rebound on mixed day for global stocks

Oil prices bounced and Wall Street stocks declined Monday, reversing the most recent trends as markets eye the end of a bruising second quarter.

GlobalWafers announces plans for massive US plant

Taiwan's GlobalWafers on Monday unveiled plans to establish a massive plant in northern Texas to produce a component vital to making semiconductors with an investment of up to $5 billion.

Blocked Russian payments: what impact for Moscow and creditors?

Russia acknowledged Monday that two interest payments on its debt didn't make it to creditors, an event which could be considered a default, even if Moscow disputes such an interpretation.

Sri Lanka suspends fuel sales as economic crisis worsens

Cash-strapped Sri Lanka announced a two-week halt to all fuel sales except for essential services starting Monday and called for a partial shutdown as its unprecedented economic crisis deepened.

Credit Suisse fined over drugs gang money laundering

Credit Suisse, Switzerland's second-biggest bank, which has been rocked by a series of scandals, was slapped with a $2-million-fine Monday in a money laundering case linked to a Bulgarian cocaine network.

Stock markets extend recovery

Global stock markets mostly advanced on Monday, building upon last week's advances as speculation that inflation may have peaked tempered expectations about central bank interest rate hikes.

UK MPs debate bill to override N.Ireland Brexit pact

British lawmakers were set Monday to take their first vote on a government bill to overhaul post-Brexit trade arrangements in Northern Ireland, despite EU warnings it is illegal and could spark a trade war.

Criminal lawyers in England and Wales stage pay strike

Senior criminal lawyers in England and Wales on Monday went on strike in a dispute over pay, just days after rail workers staged stoppages and other sectors threatened industrial action.

'Greenwashing': a new climate misinformation battleground

Fossil fuel firms are misleading the public about their moves to cut greenhouse gases and curb climate change -- and social media are hosting ads that perpetuate this "greenwashing", researchers say.

Sri Lanka electricity firm seeks 835% price rise

Sri Lanka's heavily loss-making state-run electricity monopoly asked for a shocking price rise of over 800 percent for its poorest customers with the bankrupt nation out of fuel, regulators said Monday.

Zelensky urges G7 to help end Ukraine war by winter

President Volodymyr Zelensky on Monday urged world powers to do their utmost to help end Russia's invasion by the end of the year, as G7 leaders planned new sanctions and vowed to support Ukraine "as long as it takes".

Russia denies defaulting on debts

Russia said Monday that two of its debt payments were prevented from reaching creditors, pushing the country closer to its first foreign default in a century due to sanctions over the Ukraine offensive.

Stock markets extend recovery as rate hike fears subside

Asian and European markets rallied Monday, building on last week's advances and following a strong pre-weekend performance on Wall Street as speculation that inflation may have peaked tempered expectations about central bank interest rate hikes.

Vietnam halts scuba diving off popular island to protect coral

Vietnam has banned swimming and scuba diving at a popular central tourist spot in an attempt to revive its damaged coral reef, officials said Monday.

Zürcher Nachrichten - Economy (English)

Featured

Herbicide under US scrutiny over potential Parkinson's link

US consumer inflation rises in December but underlying pressures ease

Last news