Latest News

Germany eyes reduced China stake in Hamburg port to end row
Germany eyes reduced China stake in Hamburg port to end row

Germany's government is eyeing a compromise that would allow a Chinese firm to take a smaller-than-planned stake in a Hamburg container terminal, after Chancellor Olaf Scholz rejected banning the sale outright. Chinese firms already hold stakes in other European ports but the EU's stance against Beijing has hardened since then.

Jihadist raids spark new exodus in Mozambique
Jihadist raids spark new exodus in Mozambique

Even the exhaustion from walking 40 kilometres, fleeing jihadists who had attacked her village, could not mask the trauma on Maria Lourenco's face. Her village in the Katapua area in Cabo Delgado province, the epicentre of a five-year-old jihadist insurgency in northern Mozambique, came under attack last weekend.

GM confirms profit forecast despite 'challenging' environment
GM confirms profit forecast despite 'challenging' environment

General Motors confirmed its full-year financial forecast Tuesday, lifting shares as it reported strong consumer demand in spite of a "challenging" environment with grinding inflation. Pricing remains strong, demand remains strong for our product," Jacobson said on a conference call with reporters.

Zelensky asks donors for $38 bn as Russia shells Bakhmut
Zelensky asks donors for $38 bn as Russia shells Bakhmut

Ukrainian President Volodymyr Zelensky on Tuesday asked the international community to cover an expected budget deficit of $38 billion next year for his war-torn country, with Moscow's invasion also badly hitting the economy. "At this very conference we need to make a decision on assistance to cover next year's budget deficit for Ukraine," Zelensky said via video-link.