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Middle Age rents live on in German social housing legacy

When German pensioner Angelika Stibi got the keys to her new home in the southern region of Bavaria this year, a huge financial weight was lifted from her shoulders.

Meta offered $100 mn bonuses to poach OpenAI employees: CEO Altman

Meta offered $100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker's talent and strengthen its own generative AI teams, the startup's CEO, Sam Altman, has said.

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US, Chinese stocks up before trade talks, Fed move

US and Chinese stocks rose on Wednesday, along with the dollar, as investors eyed weekend US-China trade talks and an imminent Federal reserve interest-rate decision.

Merz tells France Mercosur trade deal must be ratified 'quickly'

Germany's new Chancellor Friedrich Merz said on Wednesday EU countries should "quickly" ratify a free trade deal with four South American nations that has met with staunch opposition from France.

Weight-loss drugmaker Novo Nordisk slims sales forecast

Danish drugmaker Novo Nordisk, known for its blockbuster diabetes and weight-loss treatments Ozempic and Wegovy, cut its annual sales forecast on Wednesday, citing a decline in its US market share.

Danish firm Orsted halts huge UK offshore wind farm project

Danish renewables firm Orsted said Wednesday it was shelving plans to build a massive wind farm off the UK coast due to rising costs, dealing a setback to Britain's clean energy goals.

BMW upbeat on riding out US tariff chaos

German premium carmaker BMW said Wednesday that it expected to largely ride out the impact of US tariffs over the coming year, and that it hoped to soften their impact.

Asian stocks rise as China-US trade talks boost optimism

Asian equities rose Wednesday after China and the United States said they would hold trade talks at the weekend, fanning optimism that the superpowers can row back eye-watering tariffs that have heightened recession fears.

Sotheby's postpones historical gems auction after India backlash

Sotheby's in Hong Kong postponed an auction of gems with ties to early Buddhism on Wednesday after opposition from India, which said the jewels were the country's religious and cultural heritage.

Tobacco town thrives as China struggles to kick the habit

Visitors mill around a bright red hilltop pagoda in southwestern China, gazing down at a sprawling cigarette factory whose deadly output has put an otherwise unremarkable city on the map.

'No one is illegal': Mormon women stage patchwork protest in Washington

At the base of the Capitol in Washington, dozens of Mormon women gathered Tuesday for a unique type of protest: meticulously sewing together giant quilts to call on legislators to protect the US Constitution as Donald Trump gets closer and closer to ignoring it.

Indonesia's silvermen beg to make ends meet

On a rainy day in Indonesia's capital Jakarta, three men coated in metallic paint known as the "manusia silver", or silvermen, brave the elements at an intersection near a mall to ask drivers for change.

China vows to defend 'justice' in looming trade talks with US

China vowed Wednesday to defend "justice" in upcoming trade talks with the United States in Switzerland -- the two sides' first negotiations following President Donald Trump's sweeping tariff rollout that roiled global markets.

Wallace MacDonald Holdings (WMH) Ignites a New Era of American Manufacturing with Revolutionary "Made in America" Technology Complex in Nevada

The First Fully Integrated U.S. Technology Hub for Semiconductors, Solar Wafers, Energy Storage, Advanced Solar Modules, and Cutting-Edge Aerospace Research, Powered by President Donald J. Trump and Vice President JD Vance's Vision for American Industrial Dominance

Merz elected German chancellor after surprise setback

Germany's conservative leader Friedrich Merz won a nail-biting second parliamentary vote Tuesday to become chancellor after losing the first round in a stunning setback.

Colombia's desert north feels the pain of Trump's cuts

For residents of Colombia's largest migrant camp, an already tough life is getting tougher thanks to Donald Trump's aid cuts.

Canada 'never for sale', Carney tells Trump

Canadian Prime Minister Mark Carney told US President Donald Trump that his country was "not for sale" Tuesday as they met at the White House amid tensions on tariffs and sovereignty.

Sudan cuts ties with UAE after paramilitary drone strikes on Port Sudan

Sudan's army-aligned government on Tuesday severed diplomatic ties with the United Arab Emirates, accusing the Gulf state of supplying weapons used by the rival paramilitaries to strike its de facto capital.

No signs of US recession, Treasury Secretary says

There are currently no signs that the United States has entered a recession despite the world's largest economy recording a contraction in the first quarter, the US Treasury Secretary said Tuesday.

Germany's Merz elected chancellor after surprise setback

Germany's conservative leader Friedrich Merz won on Tuesday a nail-biter second vote in parliament to become chancellor after he lost the first round in a stunning early setback.

EU proposes ending all Russian gas imports by 2027

The EU on Tuesday unveiled a long-promised plan to phase out its remaining gas imports from Russia by the end of 2027, a challenge given Europe's continued dependence on Russian fossil fuels.

UK, India strike trade deal amid US tariff blitz

The UK on Tuesday agreed a free trade agreement with India, its biggest such deal since leaving the European Union, after negotiations relaunched in February following US tariff threats.

Stocks retreat as traders cautious before Fed rates call

Stock markets mostly dropped on Tuesday as investors awaited a US Federal Reserve interest-rate decision for signs of the outlook for the tariffs-hit economy.

EDF complaint blocks Czech-Korean nuclear deal

A Czech court said Tuesday it blocked a multi-billion-dollar deal between Prague and South Korea's KHNP on the construction of two nuclear units following a complaint by France's EDF.

Germany's Merz faces new vote for chancellor after surprise loss

Germany's conservative leader Friedrich Merz will face a second vote in parliament on Tuesday in his bid to become chancellor after he lost the first round in a stunning early setback.

US trade deficit hit fresh record before new Trump tariffs

The US trade deficit reached a new record in March, according to fresh government data published Tuesday, as imports surged ahead of President Donald Trump's "liberation day" tariff rollout.

US Fed starts rate meeting under cloud of tariff uncertainty

The US Federal Reserve began a two-day discussion over interest rates Tuesday, with policymakers widely expected to pause again and wait for clarity on the economic impact of Donald Trump's tariff rollout.

French lawmakers want Dreyfus promoted 130 years after scandal

A group of French members of parliament said Tuesday they wanted Alfred Dreyfus, a Jewish French army captain wrongly convicted for treason in 1894, to be awarded the rank of brigadier general.

Tesla sales fall again in Germany as drivers steer clear of Musk

Tesla sales nosedived again in Germany last month even as electric vehicle sales rose strongly, data showed Tuesday, as German drivers voted with their wallets against billionaire owner Elon Musk.

Blow for Germany's Merz as he loses first-round vote for chancellor

Germany's conservative leader Friedrich Merz suffered a serious blow on Tuesday when he failed to win a parliamentary majority in the first round of voting on him becoming the next chancellor.

Food delivery app DoorDash agrees to buy peer Deliveroo

US food delivery app DoorDash has agreed to buy UK-based rival Deliveroo for £2.9 billion ($3.9 billion) in a deal that will expand its global reach.

Ukraine fires drones on Moscow days before Red Square parade

A barrage of Ukrainian drones forced Russian airports, including in Moscow, to restrict flights on Tuesday -- three days before the Kremlin will hold its grand military parade on Red Square to mark the defeat of the Nazis.

DoorDash agrees £2.9 billion takeover of Deliveroo

US delivery service DoorDash has agreed to take over UK peer Deliveroo in a deal worth £2.9 billion ($3.9 billion), according to a joint statement on Tuesday.

Dollar recovers some losses, stocks mixed as traders eye tariff deals

The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump's sweeping tariffs, while equities were mixed as investors await the Federal Reserve's latest policy decision.

The China Mail - Economy (English)