17:20
China holds the top position among nations with the largest foreign exchange reserves, according to recent data from global financial rankings. The country boasts reserves exceeding $3 trillion, a figure that significantly outpaces its closest competitors and underscores its economic dominance on the world stage. This substantial stockpile......
The death toll from the devastating fire that struck the Le Constellation bar in the Swiss resort town of Crans-Montana has risen to 41, following the death of a young victim who had been hospitalized since the tragedy. Authorities in the canton of Valais confirmed that an 18-year-old Swiss national succumbed to his injuries on January 31......
European stocks climbed on Friday, capping off their strongest January rally in years as robust earnings from Adidas and Swatch bolstered investor confidence amid lingering concerns over geopolitical tensions and U.S. trade policies. The pan-European STOXX 600 index rose in early trading and headed toward a monthly gain of about 2.6 percent,......
Ukrainians gear up for an extreme cold snap that could plunge temperatures to minus 30 degrees Celsius next week, even as millions already lack heat and power from repeated Russian strikes on energy infrastructure. The State Emergency Service warned Thursday that the sharp drop starts February 1, hitting nearly all regions except the south,......
Adidas, the German sportswear giant, has unveiled plans to repurchase up to 1 billion euros ($1.2 billion) of its own shares in 2026. This move follows a stellar close to 2025, marked by record annual revenues. The program, set to kick off in early February, will draw from anticipated cash flows and involves canceling the repurchased shares......
Siemens AG has overtaken SAP SE to become Germany's most valuable listed company, following a steep sell-off in the software giant's shares triggered by investor disappointment over its 2026 cloud outlook. SAP's stock plunged as much as 17 percent in session trading, trimming its market capitalization to around 199 billion euros......
Germany’s economy grew by 0.3% in the fourth quarter of 2025 compared with the previous quarter, according to the federal statistics office Destatis. The increase was slightly above market expectations, which had forecast 0.2% growth. The quarterly expansion was driven primarily by higher household and government consumption. After......
German Chancellor Friedrich Merz firmly rejected Ukrainian President Volodymyr Zelenskyy's push for EU membership by 2027 on Wednesday, deeming the timeline "out of the question" and "impossible." This staunch opposition from Europe's most powerful member highlights deepening divisions within the bloc over the pace......
European stock markets climbed Thursday, fueled by soaring precious metals prices that propelled mining shares higher, even as technology stocks faced headwinds from disappointing results at SAP. London's FTSE 100 rose 0.6% to 10,217.40 points by midday, while the pan-European STOXX 600 gained 0.4% following a 0.8% drop in the prior session.......
Chancellor Friedrich Merz expressed concern Wednesday over the weakening US dollar, calling it a "considerable additional burden for German exporting industry." He urged Washington to honor its trade commitments with the European Union. "We will have to assert ourselves globally against a weak dollar and strong euro,"......
Investors are pressing Volkswagen CEO Oliver Blume for concrete results in what they view as a make-or-break year for the German automaker. Now freed from his dual role at Porsche, which ended January 1, Blume has a narrowing window to halt the company's decline in China and address critical technology gaps against rivals. Under Blume's......
Deutsche Bank revealed blockbuster financial results for 2025 on Thursday, posting a net profit of 7.1 billion euros for the full year, nearly double the 2.7 billion euros from 2024. This marks the German lender's highest annual earnings since 2007 and its sixth straight year in the black. The fourth quarter alone delivered a net profit......
European allies have firmly rejected President Donald Trump's newly launched Peace Council, citing fears that it undermines the United Nations' authority in global conflict resolution. Unveiled at the World Economic Forum in Davos on January 22, the initiative was originally intended to oversee Gaza's post-conflict reconstruction......
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