Zürcher Nachrichten

Kinder withdraws 3,000 tonnes of products after Salmonella cases

More than 3,000 tonnes of Kinder products have been withdrawn from the market over salmonella fears leaving a dent of tens of millions of euros, a company official told France's Le Parisien daily Thursday.

War pushes Ukrainian teen towards Belgian future

Three months ago, Mykyta never would have thought he'd be hoping to study for an engineering degree at a Belgian university.

McDonald's investors reject Icahn challenge on animal welfare

McDonald's shareholders overwhelmingly rejected billionaire Carl Icahn's efforts to install two board members to remake the company's animal welfare policies, the restaurant chain said Thursday.

'Do something now:' mourners demand action after US school shooting

A distraught Texas grandmother of a girl killed in the massacre in Uvalde pleaded Thursday for urgent action by US authorities to prevent future school shootings, as the country plunges again into the roiling debate over guns.

Deforestation surges in Brazil Atlantic Forest: report

Deforestation surged 66 percent last year in Brazil's Atlantic Forest, according to a new report, compounding fears over the rampant destruction of the Amazon rainforest further north.

Stocks and oil advance, ruble retreats

European and US stock markets rose Thursday on relief about the pace of interest rate hikes, while the Russian ruble slumped following a cut in the interest rate.

BBC to axe 1,000 jobs in digital transformation

The BBC is to axe 1,000 jobs and scrap some broadcast channels in traditional form as it prioritises digital and copes with a funding freeze, the British public service broadcaster said on Thursday.

'Life imitated art', says 'Black Panther' star in Welsh twins drama

Black Panther star Letitia Wright says she got so close to co-lead Tamara Lawrance in "The Silent Twins", competing at Cannes, that both actors began to behave exactly like the siblings in the drama based on the true story of two black sisters in 1970s Wales.

Biden to receive Korean boy band BTS at White House

President Joe Biden will receive the K-pop megastars BTS next week as part of a series of events celebrating Asian-Americans and denouncing racism against them, the White House said Thursday.

Chipmaker Broadcom to buy VMware for $61 bn

Broadcom announced Thursday a $61-billion deal to purchase cloud computing firm VMware in a giant tech transaction that expands the chipmaker's software offerings.

Alibaba profit slumps nearly 60% as tech crackdown, Covid bite

Chinese e-commerce giant Alibaba said Thursday its profit fell 59 percent in the last fiscal year, joining other tech firms that reported lacklustre results while grappling with Covid-19 restrictions and a sector crackdown.

Stocks rise, ruble slides tracking economic unrest

European and US stock markets rose Thursday after a mixed Asian showing, as traders assessed chances of a global recession in the wake of runaway inflation.

Eleven babies die in Senegal hospital blaze

Eleven newborn babies have perished in a hospital fire blamed on an electrical short circuit in the western Senegalese city of Tivaouane, authorities said Thursday.

Louvre ex-director charged in art trafficking case

A former director of the Louvre Museum in Paris has been charged with conspiring to hide the origin of archaeological treasures that investigators suspect were smuggled out of Egypt in the chaos of the Arab Spring, a French judicial source said Thursday.

Alibaba full-year profit slumps nearly 60% on tech crackdown, Covid

Chinese e-commerce giant Alibaba said Thursday its profit fell 59 percent in the last fiscal year, joining other tech firms that reported lacklustre results while grappling with Covid-19 restrictions and a sector crackdown.

Stocks diverge, ruble slides tracking economic unrest

Europe's top stock markets rose Thursday after a mixed Asian showing, as traders assessed chances of a global recession in the wake of runaway inflation.

Hundreds stranded after ransomware attack on Indian airline

Hundreds of Indian air travellers were stranded inside their planes after the low-cost airline SpiceJet cancelled or delayed flights due to an "attempted ransomware attack", the company has said.

Asian markets mostly down as Li remarks overshadow Fed minutes

Asian markets mostly fell Thursday as Chinese Premier Li Keqiang warned the world's number two economy was in some ways worse off now than during the early days of the pandemic.

For Ukraine's Roma, discrimination adds to agonies of war

Forced to flee fighting, Lyudmyla was assured the authorities would rehouse her in a town in western Ukraine. But when she arrived, they took one look at her and turned her away.

Asian markets mixed as traders weigh Li remarks, Fed minutes

Asian markets were mixed Thursday as minutes indicating a less hawkish Fed were offset by China's premier warning that the world's number two economy was in some ways worse off now than during the early days of the pandemic.

China premier issues warning on Covid-hit economy

China's premier has sounded an unusually stark warning about the world's second-largest economy, saying it must return to normal as the country's zero-Covid strategy bites into growth.

Filing says Elon Musk to borrow less in Twitter bid

Elon Musk notified US regulators on Wednesday that he will rely less on loans in his bid to buy Twitter, as he and partners put $33.5 billion into the deal.

Global stocks mostly rise as Fed reiterates plan to battle inflation

Global stocks mostly rose Wednesday as markets adopted an optimistic view of Federal Reserve minutes that reiterated plans to raise interest rates.

Fed officials stressed 'determination' to bring down inflation

US central bankers stressed their "strong commitment and determination" to bring raging inflation under control including with more big interest rate increases, according to the minutes of the latest policy meeting released Wednesday.

Venezuela's state bank announces partial share sale

Venezuela's state bank said on Wednesday it would sell up to 10 percent of its shares as part of the government's plan to inject capital into public companies struggling due to a lack of investment.

US files formal trade complaint against Canada over dairy

The United States on Wednesday filed a second formal trade complaint against Canada over Ottawa's dairy import policies, which Washington says harms American producers.

Stock markets drift higher before Fed minutes

Stocks rose Wednesday ahead of the release of the minutes of the latest Federal Reserve meeting in a break in the bearish sentiment that has gripped equity markets.

Trans-themed film dazzles Cannes in Pakistan debut

The first-ever Pakistani entry in a Cannes Film Festival competition has left audiences slack-jawed and admiring of its daring portrait of a transgender dancer in the Muslim country.

European and US stock markets struggle to recover

European and US stock markets struggled to mount a rebound Wednesday as investors weighed the fallout from surging inflation, higher interest rates, China's economic slowdown and the Ukraine war.

European stock markets struggle to recover

European stock markets struggled to mount a rebound Wednesday as investors weighed the fallout from surging inflation, higher interest rates, China's economic slowdown and the Ukraine war.

British retailer Marks and Spencer exits Russia

British clothing-to-food retailer Marks and Spencer on Wednesday announced a full exit from Russia following the country's invasion of Ukraine.

French green activists block TotalEnergies' annual meeting

More than 100 activists sought to block oil giant TotalEnergies' annual general meeting in central Paris on Wednesday to protest the energy firm's climate policies and continued presence in Russia following the invasion of Ukraine.

'We are not alone': Wartime solitude on Ukraine's ghostly front

The ground shook and birds scattered moments after Natalia Timofeyenko climbed out of her bunker to reassure herself that she was not alone on the east Ukrainian front.

Stock markets mixed as traders weigh dark outlook

Markets were mixed Wednesday, with little sign of any relief from recent dour performances as investors remain fearful about the economic outlook owing to the impact of inflation, higher interest rates, China's slowdown and the Ukraine war.

Oil, gas firms use Ukraine war to resist climate efforts: report

US oil and gas firms took advantage of energy worries over the Ukraine war to push their fossil fuel products and resist climate change regulatory measures, an analysis showed on Wednesday.

Asian markets swing as traders mull dark outlook

Asian markets fluctuated Wednesday, with little sign of any relief from recent dour performances as investors remain fearful about the economic outlook owing to the impact of inflation, higher interest rates, China's slowdown and the Ukraine war.

Ukraine war pushes Brazil toward natural fertilizers

Fearing Russia's invasion of Ukraine will disrupt its crucial supply of fertilizer imports, agricultural powerhouse Brazil is increasingly turning to natural alternatives.

Amazon delivery pressure hurting workers, labor group says

A labor coalition on Tuesday said that Amazon delivery workers are getting hurt due to pressure by the e-commerce giant to quickly distribute heaps of packages to customers.

Tunisia's first LGBTQ play lifts curtain on hidden violence

It's the first queer play to be staged in Tunisia -- director Essia Jaibi's latest work aims to challenge conservative attitudes in a country where same-sex acts are punishable by prison terms.

Zürcher Nachrichten - Economy (English)

Featured

Markets track Wall St losses after blockbuster US jobs report

Billion-pound lawsuit against Apple over App Store opens in UK

Last news