Latest News

Reigning Hollywood studio Universal brings 'Wicked' to movie summit
Reigning Hollywood studio Universal brings 'Wicked' to movie summit
Economy
by  AFP

Universal Pictures was crowned Hollywood's top studio last year, dethroning Disney at the box office for the first time in nearly a decade with a string of mega-hits like "The Super Mario Bros. "There's not much more you could ask for than being number one at the box office, and winning the Academy Award for best picture," said chairman Donna Langley during Universal's presentation on Wednesday.

Germany's Scholz between tough talk and trade on China trip
Germany's Scholz between tough talk and trade on China trip
Economy
by  AFP

Chancellor Olaf Scholz travels to China this weekend, walking a fine line in shoring up economic ties with Germany's biggest trading partner at a time when the West is sharpening its tone towards Beijing. Scholz himself has characterised his approach as "derisking", urging companies not to "put all your eggs in one basket" and to nurture ties with other trading partners.

ECB seen holding interest rates one last time
ECB seen holding interest rates one last time
Economy
by  AFP

The European Central Bank is expected to freeze its key interest rate at a record high again Thursday but pave the way for a first cut in June as inflation eases. The Swiss National Bank kicked off the rate-cutting cycle last month when it lowered its main rate by 0.25 percentage points -- becoming the first major central bank to do so.