Business and Tech

Binance boss pledges to release audit, throws 'psychopath' jab

AFP - 26m ago

The head of Binance, the world's top cryptocurrency exchange, pledged Thursday to release an audit into the firm and …

Sports world tries to sidestep collapse of sponsor FTX

AFP - 45m ago

The collapse of the cryptocurrency exchange FTX has sent shockwaves through sport, which the platform used widely to …

Ukraine grain export deal extended for four months

AFP - 1h ago

An agreement allowing Ukraine to export grain through the Black Sea and aimed at relieving global food insecurity has …

Europe stocks mostly drop before UK budget

AFP - 2h ago

European equities mostly fell Thursday with London on tenterhooks before a painful UK budget set to rip up the country's …

S. Korea, Saudi Arabia agree to boost energy and defence ties

AFP - 3h ago

The leaders of South Korea and Saudi Arabia agreed Thursday to boost ties in key sectors such as energy and defence, …

Markets hurt as rate hike woes return to the fore

AFP - 2h ago

Trading was subdued on Thursday as the optimism that characterised recent sessions was dealt a blow by data showing a …

Asian markets hurt as rate hike woes return to the fore

AFP - 1h ago

Trading was subdued in Asia on Thursday as the optimism that characterised recent sessions was dealt a blow by data …

California lab-grown meat start-up gets first green light

AFP - 6h ago

A California-based lab-grown meat start-up received the first green light for such products from the US food safety …

Asian markets sink as rate hike woes return to the fore

AFP - 4h ago

Trading was subdued in Asia on Thursday as the optimism that characterised recent sessions was dealt a blow by data …

As recession looms, Airbnb CEO wants your home to make money

AFP - 1h ago

After years of trying to expand into other sectors, the CEO of holiday home giant Airbnb, wants to get back to the …

US sports stars named in lawsuit over FTX's deceptive practices

AFP - 11h ago

High-profile US sports stars and personalities have been named in a lawsuit over deceptive practices targeting investors …

'Hardcore' or bust: Musk gives ultimatum to Twitter staff

AFP - 11h ago

Twitter's new boss Elon Musk has asked staff to choose by Thursday between being "extremely hardcore" and working …

UK budget set to deliver more economic pain

Nov 16 2022

Britain is set Thursday to unveil hefty tax rises and spending cuts at the risk of worsening a cost-of-living crisis for …

European equities slip on Ukraine fears, US markets slump

Nov 16 2022

Global markets slid Wednesday with investors in Europe spooked by a deadly missile blast in Poland, while US markets …

US Fed official open to slower rate hike in December

Nov 16 2022

Recent signs of easing inflation pressures and a slowing US economy could allow the central bank to dial back the pace …

Taylor Swift tour chaos spurs calls to probe ticketing industry

Nov 16 2022

When Taylor Swift announced her first tour in five years, Jacob Landry couldn't wait to jump in line to see his favorite …

In US trial, Musk defends his $50 bn pay deal at Tesla

Nov 16 2022

Tesla tycoon Elon Musk on Wednesday defended his $50 billion pay package as CEO of the electric vehicle giant, arguing …

UK central bank blames Brexit for trade slump

Nov 16 2022

Brexit is hurting the UK economy, Bank of England officials said Wednesday, even as government leaders downplay the …

China unveils sweeping measures to rescue property sector

AFP - 1h ago

Chinese authorities have unveiled sweeping measures to rescue the country's struggling property sector, as regulators …

Stock markets mixed as global rally peters out

AFP - 2h ago

Markets were mixed Monday as traders struggled to maintain momentum after a global surge, though the loosening of …

Asian markets mixed as global rally peters out

AFP - 59m ago

Asian markets were mixed Monday as traders struggled to maintain momentum after a global surge, though the loosening of …

Germany deploys bin trucks to map mobile blackspots

AFP - 4h ago

On a street in Wusterhausen, around an hour's drive north of Berlin, a man paces intently, holding his mobile phone in …

Musk sees aliens, tunnels in a candlelit G20 vision of the future

AFP - 5h ago

Sitting in the dark, wearing a traditional Indonesian batik shirt and surrounded by candles, Elon Musk offered a vision …

Cathay won't return to pre-pandemic capacity until 'end of 2024'

AFP - 5h ago

Cathay Pacific said Monday it does not expect to return to pre-pandemic levels of travel until the end of 2024, …

Western thirst for African gas raises alarm at COP27

AFP - 7h ago

Wealthy Western nations facing an energy crunch are eyeing natural gas in Africa at the expense of supporting green …

Most Asian markets extend global rally on China hopes

AFP - 4h ago

Asian markets mostly rose Monday, extending a global surge, as a loosening of China's Covid rules and plans to help its …

FTX working to secure assets after 'unauthorized' transactions

Nov 13 2022

The new chief executive of troubled cryptocurrency platform FTX said Saturday the company was making "every effort to …

GMO skeptics still distrust big agriculture's climate pitch

Nov 13 2022

As a changing climate intensifies extreme weather, agricultural multinationals are hyping the ability of genetically …

Marinakis, the fiery Greek mogul at war with the PM

Nov 12 2022

Evangelos Marinakis, the shipping tycoon, football boss and media mogul, is not just one of the most powerful and …

Thousands protest in Berlin over price rises

Nov 12 2022

Thousands of people demonstrated in Berlin on Saturday calling for food prices to be controlled and for the rich to face …

US seeks 15-year term for Theranos founder in fraud case

Nov 12 2022

US federal prosecutors are seeking a 15-year jail term for Theranos founder Elizabeth Holmes and want her to pay more …

Alibaba keeps Singles Day sales tally under wraps for first time

Nov 12 2022

Chinese e-commerce giant Alibaba has not released full sales figures for its annual Singles Day event for the first time …

UN, Russia grain, fertiliser exports talks end without breakthrough

Nov 12 2022

United Nations chiefs held talks with Russian officials Friday on the Black Sea agreements on exporting grain and …

Nomadic Latino migrant labor aids Florida hurricane recovery

Nov 12 2022

Hour by hour, day by day, hurricane-devastated southwest Florida is starting to get back on its feet -- and the workers …

Will robots replace humans at Amazon?

Nov 12 2022

At Amazon's robotics laboratory on the outskirts of Boston, Massachusetts, the company's newest automaton "Sparrow" …

Cryptocurrency platform FTX files for bankruptcy, boss resigns amid tumult

Nov 12 2022

Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam …

Twitter scrambles to curb spread of fake accounts

Nov 11 2022

Twitter moved on Friday to curb fake accounts that have proliferated since Elon Musk's takeover, suspending sign-ups for …

European stocks up despite recession warnings, US shares extend rally

Nov 11 2022

Global stocks mostly ended higher on Friday as slower US inflation and an easing of Covid restrictions in China boosted …

Climate activists challenge TotalEnergies CEO at COP27

Nov 11 2022

French giant TotalEnergies' chief executive was confronted by climate activists Friday at the COP27 summit in Egypt, …

Mercedes F1 team dump crypto partner

Nov 11 2022

The Mercedes team on Friday confirmed they had suspended a sponsorship deal with crisis-hit crypto currency exchange FTX …

UN, Russia hold talks on grain, fertiliser exports

Nov 11 2022

United Nations chiefs held talks with Russian officials Friday on the Black Sea agreements on exporting grain and …

European stocks up despite recession warnings

Nov 11 2022

European stocks mostly ended on a high on Friday as slower US inflation and a relaxing of Covid restrictions in China …

Cryptocurrency platform FTX goes bankrupt in US, boss resigns

Nov 11 2022

Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam …

British Airways allows all crew to wear make-up, accessories

Nov 11 2022

British Airways will permit all cabin crew to wear make-up and accessories regardless of gender, as the UK airline seeks …

European stocks held back by recession warnings

Nov 11 2022

European stock markets on Friday failed to match soaring gains overnight in Asia and on Wall Street, as recession …

EU warns of 'difficult months' as eurozone faces recession

Nov 11 2022

The EU warned Friday the eurozone was set to fall into recession this winter as Brussels hiked inflation forecasts for …

Chinese shoppers spend billions but Singles Day more muted

Nov 11 2022

Chinese shoppers flocked to online commerce giants on Friday, snapping up hundreds of billions of yuan in bargains, …

More UK misery as economy contracts in third quarter

Nov 11 2022

Britain's economy shrank in the third quarter as inflation soars, official data showed Friday, likely confirming it is …

SoftBank Q2 net profit boosted by sales of Alibaba shares

Nov 11 2022

Japan's SoftBank Group on Friday posted a net profit in the second quarter, partly thanks to gains from the recent …

Twitter chaos deepens as key executives quit

Nov 11 2022

Elon Musk's ownership of Twitter descended deeper into chaos as key security executives resigned from the platform, …

China eases Covid measures, cutting quarantine and scrapping flight bans

Nov 11 2022

China announced the relaxation of some of its hardline Covid-19 restrictions on Friday, a day after authorities had …

Japan govt backs major firms in next-gen chip project

Nov 11 2022

Japan will pour half a billion dollars into a new project to develop and make next-generation microchips, the government …

Asian shares surge as investors cheer slower US inflation

Nov 11 2022

Asian markets surged on Friday after a bumper session on Wall Street as lower US inflation dimmed expectations of more …

China's Singles Day shopping spree enters final stretch

Nov 11 2022

China's Singles Day shopping bonanza entered its final stretch Friday, with all eyes on whether sales can top a record …

UK economy contracts in third quarter

Nov 11 2022

Britain's economy shrank in the third quarter, official data showed Friday, likely confirming it is already in a …

SoftBank posts Q2 net profit after Alibaba share sales

Nov 11 2022

Japan's SoftBank Group on Friday posted a net profit in the second quarter, partly thanks to gains from its recent …

Finland's foresters decry 'unfair' EU climate plans

Nov 11 2022

Standing next to a freshly-cut clearing the size of seven football fields, Finnish forest engineer Matti Jappila pointed …

Repeat hacks highlight Australia's cyber flaws

Nov 11 2022

Inadequate privacy safeguards and the stockpiling of sensitive customer information have made Australia a lucrative …

Australia blames Russian hackers for medical data theft

Nov 11 2022

Russian hackers carried out a cyberattack on a major Australian healthcare company that breached the data of 9.7 million …

ASEAN leaders struggle for answers to Myanmar crisis

Nov 11 2022

The escalating crisis in Myanmar was set to dominate summit talks Friday between Southeast Asian leaders struggling to …

Hurricane causes only minor damage to Artemis rocket

Nov 11 2022

After initial visual inspections, NASA said on Thursday that its new mega moon rocket apparently suffered no major …

Alleged LockBit ransomware operator arrested in Canada

Nov 10 2022

A dual Russian-Canadian national allegedly involved in the LockBit global ransomware campaign has been arrested in …

US inflation eases in October but still near decades-high

Nov 10 2022

US consumer prices cooled in October but remained at decades-high levels, according to government data released …

Stocks rally, dollar slumps after US inflation slows

Nov 10 2022

Stocks rallied while the dollar slumped against rival currencies on Thursday after news of lower US inflation dimmed …

Transit strikes snarl London, Paris as workers seek raises

Nov 10 2022

Commuters in London and Paris scrambled for alternatives Thursday -- or just stayed home -- as public transport workers …

E-cig giant Juul secures funds to avoid bankruptcy

Nov 10 2022

American e-cigarette firm Juul Labs has secured financing to stay afloat but confirmed job cuts, it said in a statement …

Apple limits file-sharing for Chinese iPhone users after anti-govt protest

Nov 10 2022

Apple limited file-sharing for Chinese iPhone users Thursday, a month after reports that anti-government protesters were …

Changpeng Zhao, the undisputed king of crypto

Nov 10 2022

At parties, on stages and in meetings, Changpeng Zhao is rarely seen without his black polo shirt, emblazoned with the …

EU watchdog backs Sanofi Covid booster jab

Nov 10 2022

The EU on Thursday approved a Covid booster vaccine by French drug maker Sanofi and Britain's GSK after it gave positive …

Brussels under pressure to tighten car pollution rules

Nov 10 2022

The European Commission on Thursday unveiled new proposals to tighten vehicle emissions standards, but immediately ran …

Surge of fossil fuel lobbyists at climate talks: watchdogs

Nov 10 2022

Fossil fuel lobbyists have flooded UN climate talks in Egypt, a report by watchdog groups said Thursday, even as calls …

ArcelorMittal net profit plummets

Nov 10 2022

ArcelorMittal, the world's number-two steel maker, saw its net profit tumble by 78 percent in the third quarter of 2022 …

Stock markets drop before US inflation

Nov 10 2022

Stock markets mostly fell Thursday looking ahead to key inflation data in the United States and as traders digested the …

AstraZeneca returns to profit on higher drugs revenue

Nov 10 2022

British pharmaceuticals giant AstraZeneca on Thursday announced a return to third-quarter profit on increased revenue …

Dash for gas imperils 1.5C climate goal: report

Nov 10 2022

The global scramble for natural gas after Russia's invasion of Ukraine threatens the Paris Agreement target of limiting …

Latest London Underground strike paralyses network

Nov 10 2022

Millions of Londoners faced travel misery on Thursday as another strike by Underground staff shut down most of the …

Asian, European stocks down as US midterms worry markets

Nov 10 2022

Asian stocks fell on Thursday after inconclusive US midterm election results and a cryptocurrency crisis hammered …

Musk 'kills' new Twitter label, hours after launch

Nov 10 2022

Twitter launched two new verification tools Wednesday but "killed" one of them hours later in a messy start to owner …

Website for boycotting oligarchs gains traction in Hungary

Nov 10 2022

It may be just one of many fashionable hotels in the Hungarian capital, but for anti-corruption activist Attila Juhasz, …

Asian stocks down as US midterms worry markets

Nov 10 2022

Asian stocks fell on Thursday after inconclusive US midterm election results and a cryptocurrency market in shambles …

Hackers demand $10 mn for stolen Australian health records

Nov 10 2022

Hackers on Thursday demanded US$10 million to stop leaking highly sensitive records stolen from a major Australian …

Pay strike set to paralyse Paris metro

Nov 10 2022

Paris commuters were bracing for bedlam Thursday as metro workers called a major one-day pay strike, the latest …

Asian stocks down after US midterms turn global markets red

Nov 10 2022

Asian stocks started down on Thursday after inconclusive US midterm election results and a turbulent cryptocurrency …

Facebook owner Meta to lay off 11,000 staff

Nov 10 2022

Facebook owner Meta will lay off more than 11,000 of its staff in "the most difficult changes we've made in Meta's …

Schumacher Ferrari fetches record $15 mn at auction

Nov 10 2022

The Ferrari in which Formula One legend Michael Schumacher won the 2003 World Championship title sold for nearly $15 …

Biden says Musk's foreign ties 'worthy' of scrutiny

Nov 09 2022

US President Joe Biden Wednesday said that Elon Musk's ties with foreign countries were "worthy" of scrutiny, amid …

US stocks tumble as market digests election results, crypto upheaval

Nov 09 2022

Global stock markets fell Wednesday, with key New York indexes ending in a sea of red as traders grappled with …

Brief clashes at Greek price hike protests

Nov 09 2022

Protesters in Greece briefly clashed with riot police Wednesday amid a general strike and demonstrations over price …

Stocks slide on China, US midterms

Nov 09 2022

Global stock markets fell Wednesday following weak Chinese data and as traders assessed results of US midterm elections.

Germany blocks sale of two chipmakers to China

Nov 09 2022

Germany on Wednesday blocked the sale of two chipmakers to Chinese investors because of a potential threat to security.

Strikes flare in Europe as cost of living spirals

Nov 09 2022

European workers squeezed by the soaring cost of living went on strike in Belgium and Greece on Wednesday, with more …

Striking Kenya Airways pilots return to work

Nov 09 2022

Kenya Airways pilots returned to work on Wednesday, after a court ordered them to end their days-long strike which had …

Twitter unveils 'official' label for top accounts

Nov 09 2022

Twitter on Wednesday unveiled a new gray "official" label for certain accounts as it revamps the highly influential …

S.African court greenlights Amazon's new Africa HQ

Nov 09 2022

Campaigners on Wednesday slammed a South African court ruling to allow construction to go ahead on Amazon's new African …

Germany's huge Wirecard fraud trial to start in December

Nov 09 2022

Wirecard's former CEO Markus Braun will go on trial from December 8 to answer fraud charges in Germany's biggest-ever …

Tata Motors extends losses on chip woes, weak exports

Nov 09 2022

India's Tata Motors announced a seventh consecutive quarter of losses Wednesday as chip shortages and weak demand in …

Stocks drop with eyes on China, US midterms

Nov 09 2022

Stock markets fell Wednesday following weak Chinese data and as traders assessed results of US midterm elections.

IMF agrees $4.5 billion support package for Bangladesh

Nov 09 2022

The International Monetary Fund said Wednesday it reached a preliminary agreement to provide Bangladesh with a $4.5 …

FTX collapse gives crypto sector 'another black eye'

Nov 09 2022

Even for a sector regularly rocked by bankruptcies, the collapse of FTX –- a cryptocurrency platform worth $32 billion …

Tumbling gas prices fail to subdue energy bills

Nov 09 2022

European wholesale gas prices have fallen from record peaks reached after producer Russia's invasion of Ukraine, but …

China unveils new orders for homegrown passenger jet

Nov 09 2022

China announced Wednesday hundreds of new orders for its first domestically manufactured large passenger jet, with the …

Nissan hikes forecasts on weak yen despite falling unit sales

Nov 09 2022

Nissan on Wednesday upgraded its full-year profit forecasts, as the depreciating yen helps inflate its overseas profits, …

Asian markets tepid with eyes on China, US midterms

Nov 09 2022

Asian stocks made a positive start on Wednesday following gains on Wall Street, but lost momentum as factory gate prices …

Dark clouds over China's economy as zero-Covid, global slowdown bite

Nov 09 2022

A slew of lacklustre indicators for October show strict and enduring Covid curbs as well as a global slowdown are …

Hackers leak Australian health records on dark web

Nov 09 2022

Hackers have followed through on a threat to leak sensitive medical records stolen from a major Australian health …

Moldova facing dark winter as energy crisis bites

Nov 09 2022

A silence hangs over Ion Ignat's normally noisy factory in Chetrosu, Moldova, with his 50 workers fretting about their …

Turbulence ahead: Airline on the block in Sri Lanka reforms

Nov 09 2022

Dozens of state-owned Sri Lankan companies employing tens of thousands of people could be restructured or closed as part …

Elon Musk sells nearly $4bn in Tesla stock: SEC filing

Nov 09 2022

Tesla chief Elon Musk sold nearly $4 billion worth of shares in the electric car company, SEC filings showed Tuesday, …

Asian markets turn tepid after China factory data

Nov 09 2022

Asian stocks made a positive start Wednesday following gains on Wall Street but lost momentum as factory gate prices in …

Inside the 'living hell' of Cambodia's scam operations

Nov 09 2022

Trafficked, beaten and locked up far from his family in China, Lu was one of thousands of people in Cambodia forced to …

China's ultra-rich squeezed by slowing economy: Hurun ranking

Nov 09 2022

The wealth of China's billionaires this year dropped by the largest amount in more than two decades, according to an …

China factory gate prices fall for first time in nearly two years

Nov 09 2022

Factory gate prices in China were down for the first time in nearly two years last month, official data showed …

NASA Moon rocket launch delayed again, this time by storm

Nov 08 2022

NASA again rescheduled its long-delayed uncrewed mission to the Moon on Tuesday as Tropical Storm Nicole churned toward …

Crypto kid Sam Bankman-Fried falls prey to Binance

Nov 08 2022

Sam Bankman-Fried has undergone a rapid transformation from top of the heap in the world of cryptocurrencies as chief of …

Global stocks move higher as US voters cast ballots

Nov 08 2022

Global stock markets mostly moved higher on Tuesday as Americans headed to the polls in critical midterm elections.

Italy to inject another 400 mn euros into airline

Nov 08 2022

The Italian government on Tuesday approved injecting another 400 million euros ($400 million) into state-owned ITA …

French unions call Paris metro strike as inflation bites

Nov 08 2022

Labour unions have called a major one-day strike which threatens to paralyse Paris public transport Thursday, the latest …

Striking Kenya Airways pilots to resume work

Nov 08 2022

Kenya Airways pilots will end their days-long strike and return to work on Wednesday morning, their union said, after a …

Court orders striking Kenya Airways pilots back to work

Nov 08 2022

A Nairobi court has ordered striking Kenya Airways pilots to return to work by Wednesday morning, a breakthrough for the …

US judge rejects new trial for Theranos founder Elizabeth Holmes

Nov 08 2022

A federal judge rejected a motion by Theranos founder Elizabeth Holmes for a new trial following her conviction for …

Escape from Foxconn: Workers recount Covid chaos at iPhone factory

AFP - 8m ago

Zhang Yao recalls the moment he realised something had gone deeply wrong at the Chinese mega-factory where he and …

Most Asian markets rise, dollar holds gains ahead of US jobs data

AFP - 32m ago

Most Asian investors tentatively stepped back into the markets Friday after the previous day's Federal Reserve-induced …

Twitter says layoffs to begin Friday

Nov 04 2022

Twitter said it will start laying off employees on Friday, as the new billionaire owner Elon Musk moves quickly after …

TikTok a hotbed of US election misinformation, analysts say

Nov 04 2022

Election misinformation is spreading on TikTok ahead of the US midterms despite the company's policies -- and watchdogs …

Canada sees lower deficit in updated fiscal plan, possible 2023 recession

AFP - 4h ago

Canada's government announced modest new spending in an updated fiscal plan Thursday, as windfall revenues allow it to …

Elon Musk takes control of Twitter, fires executives

AFP - 6m ago

Elon Musk took control of Twitter and fired its top executives late Thursday in a deal that puts one of the leading …

EU strikes deal to ban combustion-engine cars by 2035

AFP - 18m ago

The European Union on Thursday struck an agreement on legislation to phase out new CO2-emitting vehicles by 2035, …

Loans, investments and piles of his own cash: How Musk financed Twitter takeover

Oct 28 2022

In looking for ways to pay for his takeover of Twitter, Elon Musk has offered up money sourced from his own personal …

Elon Musk: tech genius, social media boss, eccentric

Oct 28 2022

Elon Musk is at turns ingenious, impulsive and infuriating. He is also a corporate maverick, unafraid to tackle myriad …

Musk and Twitter: Volatile courtship ends in unlikely union

Oct 28 2022

Elon Musk's pursuit of Twitter was a melodrama from the beginning -- a volatile courtship between a mercurial …

Elon Musk takes control of Twitter, fires executives: US media

Oct 28 2022

Elon Musk took control of Twitter and fired its top executives, US media reported late Thursday, in a deal that puts one …

China economic slowdown to drag on Asia growth: IMF

Oct 28 2022

China's "sharp and uncharacteristic" economic slowdown is expected to drag on growth across Asia through the end of next …

Japan to unveil huge economic package to address inflation

Oct 28 2022

Japan is on Friday expected to announce an economic stimulus package that local media said could be worth $200 billion …

Samsung Electronics says Q3 operating profit down 31% on-year

AFP - 7m ago

South Korean tech giant Samsung Electronics on Thursday said its third-quarter operating profits were down 31.39 percent …

'Overpaying' Musk on deadline to close Twitter deal

AFP - 1h ago

Elon Musk looks set to meet a Friday deadline to seal his on-again, off-again deal to buy Twitter, avoiding a trial over …

ECB poised for bumper rate hike despite recession gloom

Oct 27 2022

The European Central Bank is expected to roll out another super-size rate hike Thursday to combat runaway inflation, …

Credit Suisse chief unveils master plan to fix bank's woes

Oct 27 2022

New Credit Suisse chief executive Ulrich Koerner is set to unveil his strategic master plan on Thursday, aimed at …

Ford reports loss as it ends VW-backed autonomous driving venture

AFP - 3h ago

Ford announced Wednesday it is ending an autonomous driving program with Volkswagen, resulting in quarterly loss, as the …

Euro bounces back above dollar parity

AFP - 1h ago

The euro on Wednesday jumped back above parity with the dollar, the US currency sliding against its main rivals on …

Meta's quarterly profit dives as tough economy hits tech

AFP - 2h ago

Facebook-parent Meta reported Wednesday that its profit more than halved to $4.4 billion in the third quarter from $9.2 …

Brazil's central bank holds 13.75% interest rate amid 'high' inflation

AFP - 4h ago

Brazil's central bank held its benchmark interest rate at 13.75% on Wednesday, remarking that inflation "remains high" …

Boeing reports huge loss on defense contract woes

AFP - 3h ago

Aerospace giant Boeing reported a surprise $3.3 billion third-quarter loss Wednesday as it struggled with swelling costs …

Meta's quarterly profit more than halved to $4.4 bn

AFP - 2h ago

Facebook-parent Meta reported Wednesday that its profit more than halved to $4.4 billion in the third quarter from $9.2 …

'Chief Twit' Elon Musk visits Twitter HQ as takeover deadline looms

AFP - 7h ago

Elon Musk changed his Twitter profile to "Chief Twit" and posted video of himself walking into the social network's …

S.Africa to swallow part of Eskom's debt to keep it afloat

AFP - 7h ago

South Africa's treasury vowed Wednesday to take over more than half of Eskom's multi-billion-dollar debt to ensure the …

Seeing no China progress, Boeing eyes other prospective MAX buyers

AFP - 10h ago

Boeing said Wednesday it is seeking other potential customers for its 737 MAX because China is still not taking delivery …

UK's new PM delays budget, restores fracking ban

AFP - 11h ago

In his first full day as Britain's prime minister, Rishi Sunak on Wednesday delayed a crunch budget and rebuffed renewed …

US new home sales fall in September on rising mortgage rates

AFP - 6h ago

New home sales in the US dipped in September, official data showed Wednesday, as worsening affordability nudges …

Euro back above dollar parity on US economic strains

AFP - 1h ago

The euro on Wednesday jumped back above parity with the dollar, the US currency sliding against its main rivals on …

Britain's new PM delays crunch budget plan

AFP - 2h ago

British Prime Minister Rishi Sunak on Wednesday postponed an eagerly awaited budget plan due next week, as the youthful …

Would-be crypto investors in Singapore could face risk awareness tests

AFP - 14h ago

People looking to trade cryptocurrency in Singapore may soon have to take a test to prove they understand what they are …

Germany allows controversial Chinese stake in Hamburg port

AFP - 14h ago

Germany's coalition government on Wednesday allowed a Chinese firm to buy a reduced stake in a Hamburg port terminal, …

Boeing reports $3.3 bn loss due to rising defense program costs

AFP - 2h ago

Boeing reported a surprise $3.3 billion third-quarter loss Wednesday because of swelling costs on several defense …

Britain's new PM eyes delay to crunch budget plan

AFP - 1h ago

British Prime Minister Rishi Sunak could postpone an eagerly-awaited budget plan due next week, a senior minister said …

China Covid curbs disrupt production at world's biggest iPhone factory

AFP - 17h ago

Millions of people in China were under tight Covid restrictions on Wednesday as sporadic outbreaks across the country …

Would-be crypto investors in Singapore could face risk tests

AFP - 4h ago

People looking to trade cryptocurrency in Singapore may soon have to take a test to prove they understand what they are …

Germany allows smaller Chinese stake in Hamburg port

AFP - 2h ago

Germany's coalition government on Wednesday allowed a Chinese firm to take a smaller-than-planned stake in a Hamburg …

Markets rise with Wall St on rate hope, healthy earnings

AFP - 1h ago

Stocks rose Wednesday to build on another strong performance in New York following more healthy earnings from big-name …

Mercedes-Benz to sell off Russian assets to local investor

AFP - 14h ago

German carmaker Mercedes-Benz is expected to sell its Russian assets to a local investor, the Russian ministry of …

Asian markets rise with Wall St on rate hope, healthy earnings

AFP - 48m ago

Asian stocks rose Wednesday to build on another strong performance in New York following more healthy earnings from …

Deutsche Bank net profit soars five-fold in Q3

AFP - 20h ago

Germany's biggest lender Deutsche Bank on Wednesday said its third-quarter net profit had risen more than five-fold …

Santander's net profit climbs to 2.4 bn euros in Q3

AFP - 19h ago

Spanish banking giant Banco Santander on Wednesday announced an 11-percent increase in net profits year-on-year in the …

Greeks turn to firewood to heat homes amid energy crisis

AFP - 21h ago

Residents of the Athens suburb of Glyfada who are struggling to heat their homes as energy prices soar now have an …

China fiscal deficit balloons to nearly $1 trillion as economy cools

AFP - 21h ago

China's fiscal deficit ballooned to an all-time high of nearly $1 trillion in the first nine months of the year, …

Hong Kong arrests two in $446 million money-laundering case

AFP - 14h ago

Hong Kong authorities have arrested two men for laundering funds worth HK$3.5 billion ($446 million) by reselling …

Australia admits cyber defences 'inadequate' as medical hack hits millions

AFP - 19h ago

Hackers accessed millions of medical records at one of Australia's largest private health insurers, the company said …

Asian markets rally with Wall St on rate hope, healthy earnings

AFP - 4h ago

Asian stocks rose Wednesday to build on another strong performance in New York following more healthy earnings from …

Force firms to reveal their impact on nature: major businesses

AFP - 1h ago

Businesses must be compelled to reveal their impact on nature, more than 300 firms said in an open letter to world …

Google's money churning ad engine sputters in rough economy

AFP - 2h ago

Google parent Alphabet on Tuesday reported quarterly earnings that fell short of market expectations as belts tightened …

Google parent Alphabet's profits fall short at $14 bn

AFP - 48m ago

Google parent Alphabet on Tuesday reported quarterly earnings that fell short of market expectations as belts tightened …

US stocks rise again as pound rallies on new PM

AFP - 4h ago

Wall Street stocks rallied and the dollar slid Tuesday on hopes for a moderation in Federal Reserve policy, while the …

US charges Ukrainian 'Raccoon Infostealer' with cybercrimes

AFP - 5h ago

A Ukrainian man has been charged with computer fraud for allegedly infecting millions of computers with malware in a …

Saudi blasts release of oil reserves 'to manipulate markets'

AFP - 1h ago

Saudi Arabia's energy minister on Tuesday blasted the release of emergency oil stocks as an attempt to "manipulate …

Adidas cuts ties with Kanye West over anti-Semitic remarks

AFP - 7h ago

German sportswear giant Adidas said Tuesday it was ending its partnership with Kanye West after a series of anti-Semitic …

Italy commissioner approves contested gas terminal

AFP - 8h ago

A state-appointed commissioner gave the green light Tuesday to a contested new liquefied natural gas (LNG) terminal …

New UK PM Sunak unveils top team as historic tenure begins

AFP - 38m ago

Rishi Sunak on Tuesday became Britain's third prime minister this year and the first person of colour to lead the former …

Berlin summit tackles 'generational task' of rebuilding Ukraine

AFP - 9h ago

German Chancellor Olaf Scholz said on Tuesday that rebuilding Ukraine was a "generational task" as experts gathered for …

Pound bounds higher on new PM, stocks rise

AFP - 5h ago

The pound shot higher Tuesday as former finance chief Rishi Sunak became Britain's prime minister, while stocks mostly …

Coca-Cola sees more consumer shifts due to inflation as profits jump

AFP - 10h ago

Coca-Cola reported a jump in profits Tuesday due in part to price increases but said some consumers are beginning to …

Sunak appointed crisis-hit UK's first PM of colour

AFP - 1h ago

Rishi Sunak on Tuesday became Britain's third prime minister this year and the first person of colour to lead the former …

Stocks mixed on earnings; pound up on new PM

AFP - 2h ago

Stock markets were mixed Tuesday as traders reacted to earnings reports, while Hong Kong steadied after the previous …

GM confirms profit forecast despite 'challenging' environment

AFP - 12h ago

General Motors confirmed its full-year financial forecast Tuesday, lifting shares as it reported strong consumer demand …

Germany eyes reduced China stake in Hamburg port to end row

AFP - 14h ago

Germany's government is eyeing a compromise that would allow a Chinese firm to take a smaller-than-planned stake in a …

HSBC profits slide on bank impairment charges

AFP - 14h ago

Global bank giant HSBC on Tuesday announced tumbling profits for the third quarter on impairment charges linked to a …

ECB again eyes jumbo rate hike to 'tame inflation beast'

AFP - 3h ago

The European Central Bank is expected to set aside recession worries and deliver another jumbo interest rate hike this …

Most Asian markets up on rate hopes but China fear casts shadow

AFP - 3h ago

Most Asian markets rose Monday after a surge on Wall Street fuelled by hopes the Federal Reserve could begin to slow its …

China economy grows 3.9 percent year-on-year in third quarter

AFP - 3h ago

China's economy grew 3.9 percent year-on-year in the third quarter, according to official data released Monday, beating …

Growing 'Davos in the Desert' a sign of Saudi clout

AFP - 18h ago

Hundreds of CEOs and finance moguls are expected in Riyadh from Tuesday for a Davos-style investment conference that …

Red Bull founder Dietrich Mateschitz dead at 78

AFP - 21h ago

Red Bull founder Dietrich Mateschitz, who made the energy drink a global phenomenon and forged a title-winning Formula …

Dietrich Mateschitz: Low-profile Austrian behind Red Bull empire

Oct 22 2022

Austrian billionaire Dietrich Mateschitz, who died Saturday at the age of 78, built a sports and media empire around his …

UK's Sunak qualifies for PM race as Johnson eyes comeback

AFP - 1h ago

British Conservative politician Rishi Sunak late Friday reached the minimum threshold to run for party leader, as former …

US stocks surge while yen gains amid rumored government intervention

AFP - 2h ago

Wall Street stocks surged Friday to end a volatile week on a positive note while the yen jumped against the dollar in a …

Balenciaga breaks ties with Kanye West

AFP - 3h ago

Paris-based fashion house Balenciaga has ended ties with rapper Kanye West following a recent run of controversial …

Mordaunt enters Tory race as Johnson eyes comeback as PM

AFP - 5h ago

Britain's divisive former leader Boris Johnson on Friday received heavyweight Conservative backing to stage a …

US budget deficit drops by half in 2022 on pandemic recovery

AFP - 6h ago

The US budget deficit fell by half in the past year to $1.4 trillion on the back of a pandemic recovery and as relief …

Mordaunt enters Tory race as Johnson eyes comeback for PM

AFP - 57m ago

Britain's divisive former leader Boris Johnson on Friday received heavyweight Conservative backing to stage a …

Pro-Draghi League moderate named Italy economy minister

AFP - 5h ago

Giancarlo Giorgetti, named Italy's new economy minister on Friday, is considered one of the more moderate, pro-Europe …

Pound hit by UK political crisis

AFP - 5h ago

Global stocks wavered on Friday on renewed concerns about rising interest rates while the British pound slumped over the …

India's Reliance reports mixed results as taxes hurt oil business

AFP - 7h ago

Indian conglomerate Reliance Industries reported mixed quarterly results on Friday, with weakness in its core …

Twitter shares fall as Musk takeover faces fresh questions

AFP - 8h ago

Twitter shares fell about five percent early Friday as the proposed takeover by Elon Musk faced new questions and weak …

Hong Kong to let Covid-hit participants of banking summit leave on own flights: official

AFP - 8h ago

Foreign participants at a high-profile financial summit in Hong Kong next month would be able to skip isolation and …

Google fined $162 mn by Indian watchdog over market dominance

AFP - 9h ago

Google has been fined more than $160 million by India's anti-trust watchdog after a probe found the tech behemoth was …

Johnson eyes comeback as UK Tories race to replace Truss

AFP - 2h ago

Britain's divisive former leader Boris Johnson on Friday received heavyweight Conservative backing to stage a …

Pound sinks on UK political chaos

AFP - 3h ago

The British pound sank against the dollar Friday on political uncertainty after the resignation of UK Prime Minister Liz …

UK reports further bleak economic data

AFP - 12h ago

UK government borrowing surged and retail sales slumped in September, official data showed Friday, dealing a further …

Dollar extends gains on Fed rate hike expectations

AFP - 2h ago

The dollar extended gains Friday on expectations the Federal Reserve will press ahead with its programme of bumper …

China scrubs reports of teen quarantine death from internet

AFP - 15h ago

Chinese censors on Friday scrubbed reports that a teenager had died in a quarantine facility, after the case sparked …

Brazil's dirty campaign: a disinformation guide

AFP - 2h ago

Brazil's election campaign has been an orgy of mudslinging, social media attacks and outright lies so outlandish they …

UK Tory rivals open truncated leadership race

AFP - 7h ago

Contenders bidding to succeed Prime Minister Liz Truss were Friday to open a hectic weekend of campaigning, but …

EU agrees 'roadmap' to contain energy prices

AFP - 54m ago

EU leaders on Friday reached agreement on a "roadmap" aimed at putting in place measures within weeks to shield European …

US airlines cheer travel boost from shift to hybrid work

AFP - 21h ago

US airlines say they are reaping the benefits of a growing trend of hybrid work that allows employees to travel more …

Big staff cuts likely at Twitter: report

AFP - 13h ago

Massive layoffs appear to be on the horizon at Twitter, especially if billionaire Elon Musk completes his $44 billion …

Slowed Snapchat parent earnings send shares off a cliff

AFP - 2h ago

Shares in Snapchat's parent company plunged more than 26 percent on Thursday on a quarterly earnings report that showed …

Yen sinks to new low as British pound briefly surges after Truss exit

AFP - 2h ago

The yen sank to a new 32-year low Thursday against the dollar, while the pound briefly rallied after British Prime …

EU leaders clash over how to tackle energy prices

AFP - 3h ago

EU leaders clashed Thursday over how to ride out Europe's energy shock, with traditional partners France and Germany at …

UK's Tories vow new leader next week as PM Truss quits

AFP - 4h ago

Prime Minister Liz Truss on Thursday announced her resignation just 44 crisis-filled days after taking office, as the …

Facebook adds way to remove misinformation from groups

AFP - 5h ago

Facebook on Thursday added a method for people running groups to automatically sift out claims that have been debunked …

US hits network that smuggled chips to Russian arms makers

AFP - 1h ago

US authorities indicted five Russians Wednesday who allegedly shipped American electronic components to Russia arms …

Stocks waver as inflation concerns offset positive earnings

AFP - 2h ago

US stocks stumbled Wednesday, snapping a two-day rally, as investors tracked soaring inflation, while oil prices rose …

French oil refinery strikes begin to ease

AFP - 2h ago

After three weeks of blockades, strikes at sites owned by French oil giant TotalEnergies were starting to ease on …

Smartphone sales sag as consumers delay purchases: report

AFP - 2h ago

Global smartphone sales have slumped this year amid a "gloomy economic outlook," prompting people to spend money on …

Tesla reports jump in Q3 profits, but revenues miss estimates

AFP - 2h ago

Tesla reported Wednesday another quarter of sparkling earnings growth, but shares fell amid questions over the …

Macron rams budget through divided French parliament

AFP - 5h ago

President Emmanuel Macron's government on Wednesday sought to ram its 2023 budget through parliament without a vote …

Iconic 'Pillars of Creation' captured in new Webb image

AFP - 5h ago

The James Webb Space Telescope captured the iconic "Pillars of Creation," huge structures of gas and dust teeming with …

BMW to invest $1.7 bn in electric car production in US

AFP - 8h ago

German carmaker BMW said Wednesday it will invest $1.7 billion in the production of electric vehicles in the United …

Most Salvadorans think making Bitcoin legal tender was 'failure'

AFP - 5m ago

More than a year after Bitcoin became legal tender in El Salvador, a new poll Tuesday showed most people in the country …

Netflix subscriber growth beats expectations

AFP - 1h ago

Netflix on Tuesday reported that it gained more than 2 million subscribers in the recent quarter, calming investor fears …

US confirms Saudi sentencing of American over tweets

AFP - 1h ago

The United States said Tuesday it was raising with Saudi Arabia a prison sentence handed to a US citizen over tweets …

United Airlines bullish on air travel despite inflation

AFP - 1h ago

United Airlines reported strong third-quarter results Tuesday and said it does not expect inflation and other …

Stock markets climb on bright US earnings and UK policy U-turns

AFP - 2h ago

Major global equities rose Tuesday, with sentiment boosted by upbeat US earnings and relief over the demise of the new …

Cement giant Lafarge fined $778 mn for working with Islamic State in Syria

AFP - 2h ago

French cement giant Lafarge SA was slapped with a $778 million fine Tuesday for making millions in payments to the …

US confirms Saudi detention of American over tweets

AFP - 2h ago

The United States said Tuesday it was raising with Saudi Arabia a prison sentence handed to a US citizen over tweets …

Amazon workers reject union in latest US warehouse vote

AFP - 21m ago

Workers at an Amazon warehouse near Albany voted decisively against establishing a union, US officials announced …

Stock markets climb on bright US earnings and UK policy U-turns

AFP - 25m ago

Major global equities rose Tuesday, with sentiment soothed after a series of upbeat US earnings and Britain shredded its …

German cybersecurity chief sacked over alleged Russia ties

AFP - 34m ago

Germany's cybersecurity chief was sacked on Tuesday after a TV satire show accused him of having ties to Russian …

Counting starts in latest union vote at Amazon US warehouse

AFP - 48m ago

US labor officials began counting ballots in New York Tuesday in the latest unionization drive at Amazon after workers …

Thousands strike across France amid fuel shortages

AFP - 1h ago

Thousands of people took to the streets across France on Tuesday and commuters faced delays as unions staged a …

UK PM Truss battles to stay in power after tax reforms trashed

AFP - 1h ago

Britain's Liz Truss on Tuesday battled to salvage her position as prime minister, after market turmoil at her …

Hounded at home, China's video game firms welcomed in Europe

AFP - 4h ago

China is investing billions in Europe's video game industry, but analysts have warned that there could be trouble along …

New UK finance minister tears up tottering PM's agenda

AFP - 6h ago

Britain's new finance minister Jeremy Hunt warned Saturday of looming tax hikes as he dramatically reversed course on …

Strikes persist at TotalEnergies refineries, fuel depot in France

Oct 15 2022

French refinery and fuel depot workers at five sites owned by oil giant TotalEnergies have extended their strike, union …

In reversal, Musk to continue funding Starlink in Ukraine

Oct 15 2022

Elon Musk said Saturday that his company SpaceX will continue to pay for Starlink satellite internet in war-torn …

China's economy slows as Xi plans for historic third term

Oct 15 2022

As China's leaders gather for a crucial party congress, the country is expected on Tuesday to announce some of its …

Musk says cannot fund Starlink in Ukraine indefinitely

Oct 15 2022

Elon Musk said Friday that SpaceX would not be able to pay for Starlink satellite internet in Ukraine indefinitely, …

Ex-head of US electric truck firm found guilty of fraud

Oct 14 2022

The former head of Nikola, a start-up making electric- and hydrogen-powered trucks, was found guilty of fraud on Friday …

Pound slides amid UK political drama

Oct 14 2022

The pound fell on Friday after under-fire British Prime Minister Liz Truss sacked her finance minister and made a …

US banks report solid results but warn of rising recession risk

Oct 14 2022

Large US banks reported a round of solid quarterly profits Friday, but cautioned of rising recession risks as the …

Broader coalition not needed for Russia oil price cap: US

Oct 14 2022

The G7 is still working on setting a price cap on Russian oil but enrolling more nations to the scheme is not necessary …

Low water level on Mississippi River hurts US grain shipping

Oct 14 2022

A lack of rainfall in the central United States has brought the mighty Mississippi River to its lowest depth in years, …

Hacking revelations put Mexico military on defensive

Oct 14 2022

Leaks from a shadowy group of hackers targeting secret files held by the armed forces of several Latin American nations …

UK's Truss fires finance minister as budget plan in ruins

Oct 14 2022

British Prime Minister Liz Truss on Friday fired her finance minister after prolonged market turmoil, but some …

French fuel shortages spark warnings as strike hardens

Oct 14 2022

Striking French refinery workers vowed Friday to pursue blockades after spurning a pay offer from industry leader …

Kroger unveils $24.6 bn deal to create supermarket giant

Oct 14 2022

Grocery chain Kroger will acquire smaller rival Albertsons in a $24.6 billion transaction announced Friday that would …

Pound slides amid UK political drama, stocks soar

Oct 14 2022

The pound fell Friday as under-fire British Prime Minister Liz Truss sacked her finance minister and made a dramatic …

'Shelf-life of a lettuce': Truss's nightmare on Downing Street

Oct 14 2022

British Prime Minister Liz Truss has had the shortest of political honeymoons since taking over from Boris Johnson.

UK's Truss fires finance minister as economic plan in tatters

Oct 14 2022

British Prime Minister Liz Truss on Friday dismissed her finance minister, forcing Kwasi Kwarteng to carry the can for …

Royal Mail plans up to 10,000 job cuts

Oct 14 2022

British postal operator Royal Mail on Friday unveiled plans to axe up to 10,000 jobs, blaming the move partly on ongoing …

JPMorgan Chase reports lower profits, warns of economic 'headwinds'

Oct 14 2022

JPMorgan Chase reported a drop in third-quarter profits Friday as it set aside funds for potential loan defaults and …

Equities soar despite hot US inflation, pound dips on uncertainty

Oct 14 2022

Asian and European equities rallied Friday despite news of surging US inflation, while the pound dipped on uncertainty …

French fuel shortages take toll as strike standoff hardens

Oct 14 2022

Striking French refinery workers vowed Friday to maintain their blockades after rejecting a pay offer from oil giant …

Erdogan tells government to start work on Russian gas hub

Oct 14 2022

Turkish President Recep Tayyip Erdogan backs the Kremlin's idea of creating an international gas hub in Turkey and wants …

Court challenge in Kenya over GM crops

Oct 14 2022

A Kenyan lawyer said Friday he has filed a court challenge to a decision by the new government to lift a decade-old ban …

Markets surge after sharp Wall St swing, pound holds gains

Oct 14 2022

Equities rallied Friday to extend a surge on Wall Street, where all three indexes saw extreme swings in response to a …

Asian markets surge after sharp Wall St swing, pound holds gains

Oct 14 2022

Asian equities soared Friday to extend a surge on Wall Street, where all three indexes saw extreme swings in response to …

Danone plans to withdraw from most of its business in Russia

Oct 14 2022

French agribusiness Danone said Friday it planned to transfer control of its essential dairy and plant-based business in …

BBC marks 100 years facing questions about its future

Oct 14 2022

On November 14, 1922, the clipped tones of the BBC's director of programmes, Arthur Burrows, crackled across the …

Two unions reach compromise with oil giant in French strikes

Oct 14 2022

Two French unions announced a tentative pay rise agreement with oil giant TotalEnergies early Friday following emergency …

China consumer inflation rises to two-year high

Oct 14 2022

China's consumer inflation hit two-year high in September, official data showed Friday, fuelled by soaring pork prices …

Singapore's economy grows 4.4% in Q3

Oct 14 2022

Singapore's economy expanded by 4.4 percent on-year in the third quarter of 2022, the government said Friday while …

Meta working to speed up metaverse, but success far from certain

Oct 14 2022

A year after rebranding itself from Facebook into Meta, the social network titan is striving to make the metaverse a …

Turkey introduces jail terms for 'fake news'

Oct 14 2022

Turkey's parliament on Thursday approved a tough pre-election law that could see reporters and social media users jailed …

US stocks rebound after disappointing inflation data

Oct 13 2022

Wall Street stocks finished a topsy-turvy session with strong gains Thursday following disappointing inflation data, …

Inflation maintains grip on US with new jump in September

Oct 13 2022

Inflation kept its hold on the US economy in September, government data showed Thursday, with a higher-than-expected …

G20 struggles for harmony again, as US-Saudi spat emerges

Oct 13 2022

The G20 closed talks in Washington on Thursday without issuing a joint communique, as a growing US-Saudi feud created …

US and Saudi Arabia clash in public over oil cut, Russia

Oct 13 2022

The United States and Saudi Arabia traded bitter barbs Thursday over last week's OPEC+ oil output cut, with Washington …

French strikes spread as Macron's opponents push for 'confrontation'

Oct 13 2022

French railway workers and civil servants voted Thursday to join striking oil refinery staff with a walkout next week, …

Netflix to debut subscription with ads

Oct 13 2022

Netflix on Thursday said a subscription option subsidized by ads will debut in November across a dozen countries as the …

US and S. Arabia clash in public over oil cut, Russia

Oct 13 2022

The United States and Saudi Arabia traded bitter barbs Thursday over last week's OPEC+ oil output cut, with Washington …

G20 meets amid Ukraine war, US-Saudi tensions

Oct 13 2022

The G20 held talks in Washington on Thursday, but Russia's presence in the club made any consensus unlikely despite the …

At IMF, UK gets lecture on having 'coherent' fiscal policy

Oct 13 2022

Britain has had its knuckles rapped over its controversial debt-fueled budget at the IMF's annual meetings, with the …

Kenya denies defaulting on China railway debt

Oct 13 2022

Kenya on Thursday denied it had defaulted on interest repayments on a loan advanced by China for the construction of a …

Stocks bounce after key US inflation data

Oct 13 2022

Equities fell sharply on Thursday after data showed US inflation jumped more than expected in September, before quickly …

Yen hits lowest level against dollar since 1990 

Oct 13 2022

The yen on Thursday dropped to the lowest level against the dollar since 1990 after US inflation data indicated more …

Germany agrees to replace cheap national transport ticket

Oct 13 2022

Germany on Thursday moved closer to approving a successor to a popular ultra-cheap, country-wide public transport ticket …

Stocks slump after key US inflation data

Oct 13 2022

Equities fell sharply on Thursday after data showed US inflation jumped more than expected in September.

France orders more strikers back to work as fuel shortages bite

Oct 13 2022

The French government on Thursday ordered workers back to a second fuel depot in a bid to ease petrol shortages from a …

US inflation persists, higher in September over prior month

Oct 13 2022

US inflation jumped more than expected in September, according to government data released Thursday, in the latest sign …

'Challenging' year for Ikea, 10,000 layoffs in Russia

Oct 13 2022

Swedish furniture giant Ikea posted a six percent rise in full-year sales on Thursday, in what it described as a …

Weak pound is major draw at London's Frieze art fair

Oct 13 2022

As the global art world descends on London's Frieze fair this week, the current low value of the UK pound makes buying …

India's Infosys plans $1 bn buyback on strong profits

Oct 13 2022

Indian outsourcing behemoth Infosys approved a $1 billion share buyback on Thursday after strong quarterly profits that …

Stocks diverge before key US inflation data

Oct 13 2022

Equities mostly rose in Europe but fell in Asia Thursday, before US inflation data that could determine the pace of …

Easyjet warns of another annual loss

Oct 13 2022

British airline EasyJet on Thursday warned of a third annual loss in a row, as sector-wide disruption and a strong …

La Liga win injunction to freeze 50 million euros of beIN assets

Oct 13 2022

Spain's top football division, La Liga, has taken out a court injunction against the beIN Media Group to freeze 50 …

WWII munitions hinder Nord Stream pipeline probe

Oct 13 2022

Investigations into the suspected sabotage of the Nord Stream gas pipelines linking Russia with Europe are "progressing …

Asian markets drop as traders brace for key US inflation data

Oct 13 2022

Equities fell in Asia and the dollar maintained its strength Thursday ahead of the release of US inflation data that …

'Everything has collapsed': Russia's draft tanks small businesses

Oct 13 2022

In his brand new co-working space in Chelyabinsk, a city in central Russia, entrepreneur Maxim Novikov is counting the …

Finland hopes new nuclear reactor eases energy crunch

Oct 13 2022

After over a decade of delays, the deafening sound of Finland's new Olkiluoto 3 nuclear reactor finally running its …

Mideast petrolheads hope eSports takes them to the track

Oct 13 2022

Virtual cars whizz by with engines roaring, as 26 drivers vie for the top spot at an online tournament in Jordan -- many …

Fledgling union efforts at Amazon, Starbucks dig in for long fight

Oct 13 2022

Recent unionization drives at Starbucks and Amazon have lifted morale in the US labor movement, but organizers have yet …

Chaos agent Kanye West crosses line with bigoted remarks

Oct 13 2022

Kanye West has long been one of the entertainment industry's most polarizing figures, but his recent actions including …

Google allows Donald Trump's Truth Social in Play Store

Oct 13 2022

Google on Wednesday said it has allowed Donald Trump's Truth Social app in its Play Store for Android devices -- after …

Striking French refinery workers defy government threats

Oct 12 2022

Striking French oil refinery employees voted Wednesday to maintain blockades for a third week, despite a government …

Pound, UK bond yields climb on Bank of England uncertainty

Oct 12 2022

The pound rallied and UK government bond yields rose Wednesday as the Bank of England reiterated its timeframe to end a …

G7, IMF vow to support Ukraine after Russia strikes

Oct 12 2022

The G7 and IMF pledged their steadfast financial support to Ukraine on Wednesday as the country reels from Russian …

US growth slowdown 'required' to beat inflation: Fed minutes

Oct 12 2022

A slowdown of economic growth and the US job market will be "required" to bring down inflation, the Federal Reserve said …

Germany forecasts 2023 recession as energy crisis bites

Oct 12 2022

Germany will sink into recession next year and inflation will soar, the government forecast Wednesday, as Europe's top …

Finance chiefs mull Ukraine aid, Russia oil price cap at IMF talks

Oct 12 2022

Global finance chiefs were expected to discuss a proposed price cap on Russian oil and support for Ukraine on Wednesday …

Finance chiefs mull Ukraine aid, Russia oil price cap at IMF summit

Oct 12 2022

Global finance chiefs were expected to discuss a proposed price cap on Russian oil and support for Ukraine on Wednesday …

Andrew Bailey: Bank of England boss facing fresh storm

Oct 12 2022

Andrew Bailey is no stranger to economic storms as head of the Bank of England, becoming governor just as Covid was …

Workers at 3rd Amazon site in New York hold unionization vote

Oct 12 2022

Amazon workers at an upstate New York warehouse began voting Wednesday on whether to unionize in the latest labor battle …

UK to cap renewable energy company revenues

Oct 12 2022

Britain will introduce a cap on the revenues of companies that produce low-carbon electricity in an attempt to mitigate …

IMF warns against 'costly' tax cuts to fight inflation

Oct 12 2022

Soaring food and energy prices are raising the risk of social unrest, but attempting to tame costs through tax cuts, …

BoE fails to reassure over emergency intervention

Oct 12 2022

The Bank of England on Wednesday insisted it would end emergency buying of UK bonds by the weekend but sent markets into …

Idled plants fuel German angst about de-industrialisation

Oct 12 2022

The familiar plume of smoke no longer billows from one of the two chimneys at ArcelorMittal's massive steelworks in …

UK's Truss vows no spending cuts to pay for tax-slashing plans

Oct 12 2022

Britain's beleaguered Prime Minister Liz Truss vowed Wednesday not to cut public spending, once again defending last …

Sterling swings as BoE confirms end of market support

Oct 12 2022

The pound swung between gains and losses Wednesday after the Bank of England confirmed it will end its support for …

Sterling bounces on hopes for more Bank support, stocks rebound

Oct 12 2022

The pound bounced Wednesday on speculation the Bank of England could continue to support troubled financial markets past …

Japanese rocket launch fails in blow for space agency

Oct 12 2022

The launch of a Japanese rocket taking satellites into orbit to demonstrate new technologies failed after blast-off on …

Climate unease leaves Aussie mines scrambling for staff

Oct 12 2022

Australia's world-beating mining firms are flush with cash and desperate for staff but green-minded workers are shunning …

Japan space rocket ordered to self-destruct after failed launch

Oct 12 2022

Japan's space agency said it sent a self-destruct order to its Epsilon rocket after a failed launch on Wednesday because …

Resilient Russian economy surfs sanctions on oil boom

Oct 12 2022

Russia's economy may face multiple long-term challenges, but for now energy exports appear to be helping it ride out …

Stocks dive, dollar rallies as dazed traders gird for inflation data

Oct 12 2022

Asian stocks sank again Wednesday while the dollar held gains against the yen and sterling as the volatility that has …

English winemakers toast summer heatwaves

Oct 12 2022

Under a blue sky, seasonal workers ran their secateurs along long rows of grapevines, harvesting a variety of pinot noir …

IMF cuts 2023 global growth, warns major economies to stall

Oct 12 2022

Global growth is expected to slow further next year, the IMF said Tuesday, downgrading its forecasts as countries …

Biden to 're-evaluate' Saudi ties after OPEC snub

Oct 12 2022

US President Joe Biden promised "consequences" for Saudi Arabia after a Riyadh-led coalition of oil-producing nations …

US proposes redefining when gig workers are employees

Oct 11 2022

United States labor officials proposed a rule change Tuesday that could make it easier for gig workers such as Uber …

Meta unveils new virtual reality headset Quest Pro

Oct 11 2022

A year after it rebranded itself in the name of building a metaverse, Meta on Tuesday unveiled a new version of its …

Glazers don't want to sell Man Utd says British tycoon Ratcliffe

Oct 11 2022

Manchester United owners the Glazer family do not want to sell the Premier League club, according to British billionaire …

Supreme Court ponders the fate of pigs, high cost of bacon

Oct 11 2022

A California law aimed at reducing animal suffering on pig farms led to some unusual exchanges Tuesday in the US Supreme …

Equities, oil prices slide on recession fears

Oct 11 2022

Stock markets mostly slid and oil prices tumbled Tuesday as markets contend with growing recession worries with the …

Washington calls on allies to speed aid to Ukraine

Oct 11 2022

US Treasury Secretary Janet Yellen on Tuesday called on American allies to accelerate financial disbursements to …

BoE chief says '3 days left' on bond intervention

Oct 11 2022

Bank of England chief Andrew Bailey said Tuesday bond investors have "three days left" until the British central bank …

France threatens to break refinery blockades in strike standoff

Oct 11 2022

The French government warned Tuesday striking workers could soon be forced to return to their jobs to break blockades of …

BoE struggles to calm markets after latest intervention

Oct 11 2022

The Bank of England struggled Tuesday to reassure investors after unveiling yet more measures to calm markets rocked by …

BoE widens action on 'UK financial stability' fears

Oct 11 2022

The Bank of England on Tuesday unveiled yet more measures aimed at calming markets rocked by a UK budget as it warned …

UN urges 'complete transformation' of global energy system

Oct 11 2022

Climate change risks undermining global energy security unless the use of renewables is dramatically scaled up, the UN …

Winter power shortages won't worry off-grid Swiss valley

Oct 11 2022

While people across Europe are being urged to save energy this coming winter to avert power shortages, Switzerland's …

Equities, oil prices slump on recession fears

Oct 11 2022

Stock markets and oil prices slumped Tuesday as investors grow increasingly fearful that more big interest rate hikes …

Equities drop on recession fears as inflation data looms

Oct 11 2022

Markets mostly fell Tuesday as investors grow increasingly fearful that more big interest rate hikes will tip economies …

Elon Musk takes control of Twitter, fires executives

AFP - 6m ago

Elon Musk took control of Twitter and fired its top executives late Thursday in a deal that puts one of the leading …

EU strikes deal to ban combustion-engine cars by 2035

AFP - 18m ago

The European Union on Thursday struck an agreement on legislation to phase out new CO2-emitting vehicles by 2035, …

Loans, investments and piles of his own cash: How Musk financed Twitter takeover

Oct 28 2022

In looking for ways to pay for his takeover of Twitter, Elon Musk has offered up money sourced from his own personal …

Elon Musk: tech genius, social media boss, eccentric

Oct 28 2022

Elon Musk is at turns ingenious, impulsive and infuriating. He is also a corporate maverick, unafraid to tackle myriad …

Musk and Twitter: Volatile courtship ends in unlikely union

Oct 28 2022

Elon Musk's pursuit of Twitter was a melodrama from the beginning -- a volatile courtship between a mercurial …

Elon Musk takes control of Twitter, fires executives: US media

Oct 28 2022

Elon Musk took control of Twitter and fired its top executives, US media reported late Thursday, in a deal that puts one …

China economic slowdown to drag on Asia growth: IMF

Oct 28 2022

China's "sharp and uncharacteristic" economic slowdown is expected to drag on growth across Asia through the end of next …

Japan to unveil huge economic package to address inflation

Oct 28 2022

Japan is on Friday expected to announce an economic stimulus package that local media said could be worth $200 billion …

Apple reports solid profits, but sees greater hit from strong dollar

AFP - 2h ago

Apple reported solid profits on rising revenues Thursday, but the tech giant's iPhone sales missed estimates as …

Seeking 'healthy' debate, Musk nears Twitter deal finish line

AFP - 2h ago

Closing in on his Twitter megadeal, Elon Musk said Thursday his goal is to enable "healthy" debate of ideas and counter …

US tech titans buffeted by economic headwinds and TikTok

AFP - 4h ago

US tech titans looking to the future are seeing growth take a beating in the face of foreign competition and a tough …

Amazon warns of meager holiday season sales growth

AFP - 4h ago

Amazon on Thursday predicted a slowdown in sales growth during the year-end holiday shopping season, sending shares in …

Biden touts high-tech manufacturing resurgence ahead of midterms

AFP - 5h ago

President Joe Biden touted giant investments in semiconductor manufacturing Thursday in a bid to seize back the …

Apple reports solid profits, but iPhone sales miss estimates

AFP - 2h ago

Apple reported solid profits on rising revenues Thursday, but the tech giant's iPhone sales missed estimates while it …

US economy grows for first time this year in third quarter

AFP - 5h ago

The US economy rebounded in the third quarter, government data showed Thursday, in welcome news for President Joe Biden …

Amazon quarterly profit slips as shoppers seek bargains

AFP - 1h ago

Amazon on Thursday said that its profit in the third quarter slipped more than 9 percent to $2.9 billion, despite an …

Israel, Lebanon strike 'historic' maritime border deal

AFP - 6h ago

Israel and Lebanon struck a US-brokered maritime border agreement Thursday that opens up lucrative offshore gas fields …

Disney unveils centenary events at London 'Mary Poppins' mansion

AFP - 6h ago

Disney on Thursday held a glitzy presentation of planned European events for the Hollywood studio's 100th anniversary …

Strong McDonald's results showcase advantage amid inflation

AFP - 8h ago

McDonald's reported stronger-than-expected quarterly profits Thursday as executives pointed to signs it is drawing …

Credit Suisse launches radical overhaul to stabilise bank

AFP - 9h ago

Credit Suisse unveiled radical measures Thursday aimed at turning around the beleaguered bank following huge third …

Energy giants' billions renew windfall tax debate

AFP - 10h ago

The billions in profits announced by TotalEnergies and Shell on Thursday have revived the debate over windfall taxes on …

ECB hikes rates again despite 'looming recession'

AFP - 10h ago

The European Central Bank announced another jumbo interest rate hike on Thursday and said further increases would follow …

IMF chief says 2023 aid pledges for Ukraine 'sufficient'

AFP - 3h ago

IMF chief Kristalina Georgieva on Thursday said financial pledges for Ukraine by the United States and Europe should be …

Seeking 'healthy' debate of ideas, Musk nears Twitter deal finish line

AFP - 1h ago

Closing in on his Twitter megadeal, Elon Musk said Thursday his goal is to enable "healthy" debate of ideas and counter …

US lawmakers urge bank chiefs to reconsider Hong Kong meeting

AFP - 3h ago

US lawmakers on Thursday asked executives of major banks to reconsider attendance at a major conference next week in …

EU chief courts Moscow's Central Asia allies

AFP - 6h ago

EU chief Charles Michel called on Thursday for closer ties with Central Asia on his first official visit to Kazakhstan, …

Germany reviewing possible Chinese takeover of chip factory

AFP - 12h ago

The German government is reviewing a possible sale of a local chip factory to a Chinese-owned firm, sources said …

ECB warns of 'looming recession' as it again hikes rates

AFP - 1h ago

The European Central Bank announced another jumbo interest rate hike on Thursday and said further increases would follow …

Israel, Lebanon strike 'historic' maritime border deal: US

AFP - 1h ago

Israel and Lebanon struck a US-brokered maritime border deal on Thursday, the White House announced, paving the way for …

ECB unveils another jumbo rate hike to tackle inflation

AFP - 1h ago

The European Central Bank on Thursday rolled out another bumper rate hike to combat soaring inflation, despite growing …

Climate plans would allow up to 2.6C of global warming: UN

AFP - 12h ago

Country climate pledges leave the world on track to heat by as much as 2.6 degrees Celsius this century, the United …

Israel, Lebanon to strike 'historic' maritime border deal

AFP - 1h ago

Israel and Lebanon Thursday separately signed a US-brokered maritime border deal which paves the way for lucrative …

IEA sees global energy emissions peaking in 2025

AFP - 9h ago

The International Energy Agency said Thursday it believes global energy emissions will peak in 2025 as surging prices …

Euro holds above dollar parity before ECB

AFP - 2h ago

The euro held above parity with the dollar Thursday but eurozone stocks dropped as the European Central Bank prepares to …

Ex-convict Samsung heir takes top job after pardon

AFP - 14h ago

The once-disgraced heir to the sprawling Samsung empire was on Thursday named top executive of its most important …

Israel, Lebanon set to sign 'historic' maritime border deal

AFP - 1h ago

Lebanon and Israel were Thursday expected to sign a US-brokered maritime border deal which would pave the way for …

Profits crash at Volvo Cars on rising material costs

AFP - 4h ago

Swedish automaker Volvo Cars on Thursday rising raw material costs and inflation drove down profits in the third …

Brewer AB InBev cheers best quarter of the year

AFP - 5h ago

The world's top brewer AB InBev said Thursday that it enjoyed its best quarter of the year as sales volumes rose, …

Danske Bank sets aside nearly 2 bn euros for expected fines

AFP - 12h ago

Danske Bank, which is under investigation by Danish and US authorities, said Thursday it had set aside an additional 14 …

Israel, Lebanon expected to sign 'historic' maritime border deal

AFP - 21m ago

Lebanon and Israel were Thursday expected to sign a US-brokered maritime border deal that would pave the way for …

EU chief calls for closer ties to Central Asia in Kazakhstan visit

AFP - 32m ago

EU chief Charles Michel called on Thursday for closer ties with Central Asia on his first official visit to Kazakhstan, …

ECB poised for bumper rate hike despite recession gloom

AFP - 3h ago

The European Central Bank is expected to roll out another super-size rate hike Thursday to combat runaway inflation, …

Huawei revenue down 2.2% in first three quarters of 2022

AFP - 9h ago

Revenue at Chinese telecom giant Huawei fell by 2.2 percent year on year in the first three quarters of 2022, company …

TotalEnergies's 'superprofit' renews windfall tax debate

AFP - 5h ago

TotalEnergies said Thursday surging global oil and gas prices helped it post a massive jump in profits in the third …

Shell posts more bumper profits on high energy prices

AFP - 2h ago

British energy giant Shell on Thursday announced net profit totalling $6.7 billion in the third quarter, as oil and gas …

Euro and pound hold gains, stocks mostly rise as rate fears ease

AFP - 3h ago

The euro, pound and yen all held their gains against the dollar Thursday and most equities rose as traders grow …

Lufthansa says 'left pandemic behind', books healthy profit

AFP - 7h ago

German airline giant Lufthansa said Thursday it had "left the pandemic behind" as it reported a robust third-quarter net …

Hong Kong finance chief contracts Covid ahead of banking summit

AFP - 10h ago

Hong Kong's finance chief could have to miss an upcoming global banking summit in the city, after his office revealed …

Lufthansa reports healthy profit, extending recovery

AFP - 1h ago

German airline giant Lufthansa on Thursday reported a net profit of 809 million euros ($814 million) in the third …

Samsung Electronics says Q3 operating profit down 31% on-year

AFP - 10h ago

South Korean tech giant Samsung Electronics on Thursday said its third-quarter operating profits were down 31.39 percent …

Kanye West 'escorted' out of Skechers offices

AFP - 7h ago

Kanye West was "escorted" by two executives out of the Skechers corporate offices after the rapper showed up uninvited, …

'Overpaying' Musk on deadline to close Twitter deal

AFP - 8h ago

Elon Musk looks set to meet a Friday deadline to seal his on-again, off-again deal to buy Twitter, avoiding a trial over …

Credit Suisse chief unveils master plan to fix bank's woes

AFP - 4h ago

New Credit Suisse chief executive Ulrich Koerner is set to unveil his strategic master plan on Thursday, aimed at …

Ford reports loss as it ends VW-backed autonomous driving venture

Oct 26 2022

Ford announced Wednesday it is ending an autonomous driving program with Volkswagen, resulting in quarterly loss, as the …

Euro bounces back above dollar parity

Oct 26 2022

The euro on Wednesday jumped back above parity with the dollar, the US currency sliding against its main rivals on …

Meta's quarterly profit dives as tough economy hits tech

Oct 26 2022

Facebook-parent Meta reported Wednesday that its profit more than halved to $4.4 billion in the third quarter from $9.2 …

Brazil's central bank holds 13.75% interest rate amid 'high' inflation

Oct 26 2022

Brazil's central bank held its benchmark interest rate at 13.75% on Wednesday, remarking that inflation "remains high" …

Boeing reports huge loss on defense contract woes

Oct 26 2022

Aerospace giant Boeing reported a surprise $3.3 billion third-quarter loss Wednesday as it struggled with swelling costs …

Meta's quarterly profit more than halved to $4.4 bn

Oct 26 2022

Facebook-parent Meta reported Wednesday that its profit more than halved to $4.4 billion in the third quarter from $9.2 …

'Chief Twit' Elon Musk visits Twitter HQ as takeover deadline looms

Oct 26 2022

Elon Musk changed his Twitter profile to "Chief Twit" and posted video of himself walking into the social network's …

S.Africa to swallow part of Eskom's debt to keep it afloat

Oct 26 2022

South Africa's treasury vowed Wednesday to take over more than half of Eskom's multi-billion-dollar debt to ensure the …

Seeing no China progress, Boeing eyes other prospective MAX buyers

Oct 26 2022

Boeing said Wednesday it is seeking other potential customers for its 737 MAX because China is still not taking delivery …

UK's new PM delays budget, restores fracking ban

Oct 26 2022

In his first full day as Britain's prime minister, Rishi Sunak on Wednesday delayed a crunch budget and rebuffed renewed …

US new home sales fall in September on rising mortgage rates

Oct 26 2022

New home sales in the US dipped in September, official data showed Wednesday, as worsening affordability nudges …

Euro back above dollar parity on US economic strains

Oct 26 2022

The euro on Wednesday jumped back above parity with the dollar, the US currency sliding against its main rivals on …

Britain's new PM delays crunch budget plan

Oct 26 2022

British Prime Minister Rishi Sunak on Wednesday postponed an eagerly awaited budget plan due next week, as the youthful …

Would-be crypto investors in Singapore could face risk awareness tests

Oct 26 2022

People looking to trade cryptocurrency in Singapore may soon have to take a test to prove they understand what they are …

Germany allows controversial Chinese stake in Hamburg port

Oct 26 2022

Germany's coalition government on Wednesday allowed a Chinese firm to buy a reduced stake in a Hamburg port terminal, …

Boeing reports $3.3 bn loss due to rising defense program costs

Oct 26 2022

Boeing reported a surprise $3.3 billion third-quarter loss Wednesday because of swelling costs on several defense …

Britain's new PM eyes delay to crunch budget plan

Oct 26 2022

British Prime Minister Rishi Sunak could postpone an eagerly-awaited budget plan due next week, a senior minister said …

China Covid curbs disrupt production at world's biggest iPhone factory

Oct 26 2022

Millions of people in China were under tight Covid restrictions on Wednesday as sporadic outbreaks across the country …

Would-be crypto investors in Singapore could face risk tests

Oct 26 2022

People looking to trade cryptocurrency in Singapore may soon have to take a test to prove they understand what they are …

Germany allows smaller Chinese stake in Hamburg port

Oct 26 2022

Germany's coalition government on Wednesday allowed a Chinese firm to take a smaller-than-planned stake in a Hamburg …

Markets rise with Wall St on rate hope, healthy earnings

Oct 26 2022

Stocks rose Wednesday to build on another strong performance in New York following more healthy earnings from big-name …

Mercedes-Benz to sell off Russian assets to local investor

Oct 26 2022

German carmaker Mercedes-Benz is expected to sell its Russian assets to a local investor, the Russian ministry of …

Asian markets rise with Wall St on rate hope, healthy earnings

Oct 26 2022

Asian stocks rose Wednesday to build on another strong performance in New York following more healthy earnings from …

Deutsche Bank net profit soars five-fold in Q3

Oct 26 2022

Germany's biggest lender Deutsche Bank on Wednesday said its third-quarter net profit had risen more than five-fold …

Santander's net profit climbs to 2.4 bn euros in Q3

Oct 26 2022

Spanish banking giant Banco Santander on Wednesday announced an 11-percent increase in net profits year-on-year in the …

Greeks turn to firewood to heat homes amid energy crisis

Oct 26 2022

Residents of the Athens suburb of Glyfada who are struggling to heat their homes as energy prices soar now have an …

China fiscal deficit balloons to nearly $1 trillion as economy cools

Oct 26 2022

China's fiscal deficit ballooned to an all-time high of nearly $1 trillion in the first nine months of the year, …

Hong Kong arrests two in $446 million money-laundering case

Oct 26 2022

Hong Kong authorities have arrested two men for laundering funds worth HK$3.5 billion ($446 million) by reselling …

Australia admits cyber defences 'inadequate' as medical hack hits millions

Oct 26 2022

Hackers accessed millions of medical records at one of Australia's largest private health insurers, the company said …

Asian markets rally with Wall St on rate hope, healthy earnings

Oct 26 2022

Asian stocks rose Wednesday to build on another strong performance in New York following more healthy earnings from …

Force firms to reveal their impact on nature: major businesses

Oct 26 2022

Businesses must be compelled to reveal their impact on nature, more than 300 firms said in an open letter to world …

Google's money churning ad engine sputters in rough economy

Oct 25 2022

Google parent Alphabet on Tuesday reported quarterly earnings that fell short of market expectations as belts tightened …

Google parent Alphabet's profits fall short at $14 bn

Oct 25 2022

Google parent Alphabet on Tuesday reported quarterly earnings that fell short of market expectations as belts tightened …

US stocks rise again as pound rallies on new PM

Oct 25 2022

Wall Street stocks rallied and the dollar slid Tuesday on hopes for a moderation in Federal Reserve policy, while the …

US charges Ukrainian 'Raccoon Infostealer' with cybercrimes

Oct 25 2022

A Ukrainian man has been charged with computer fraud for allegedly infecting millions of computers with malware in a …

Saudi blasts release of oil reserves 'to manipulate markets'

Oct 25 2022

Saudi Arabia's energy minister on Tuesday blasted the release of emergency oil stocks as an attempt to "manipulate …

Adidas cuts ties with Kanye West over anti-Semitic remarks

Oct 25 2022

German sportswear giant Adidas said Tuesday it was ending its partnership with Kanye West after a series of anti-Semitic …

Italy commissioner approves contested gas terminal

Oct 25 2022

A state-appointed commissioner gave the green light Tuesday to a contested new liquefied natural gas (LNG) terminal …

New UK PM Sunak unveils top team as historic tenure begins

Oct 25 2022

Rishi Sunak on Tuesday became Britain's third prime minister this year and the first person of colour to lead the former …

Berlin summit tackles 'generational task' of rebuilding Ukraine

Oct 25 2022

German Chancellor Olaf Scholz said on Tuesday that rebuilding Ukraine was a "generational task" as experts gathered for …

Pound bounds higher on new PM, stocks rise

Oct 25 2022

The pound shot higher Tuesday as former finance chief Rishi Sunak became Britain's prime minister, while stocks mostly …

Coca-Cola sees more consumer shifts due to inflation as profits jump

Oct 25 2022

Coca-Cola reported a jump in profits Tuesday due in part to price increases but said some consumers are beginning to …

Sunak appointed crisis-hit UK's first PM of colour

Oct 25 2022

Rishi Sunak on Tuesday became Britain's third prime minister this year and the first person of colour to lead the former …

Stocks mixed on earnings; pound up on new PM

Oct 25 2022

Stock markets were mixed Tuesday as traders reacted to earnings reports, while Hong Kong steadied after the previous …

GM confirms profit forecast despite 'challenging' environment

Oct 25 2022

General Motors confirmed its full-year financial forecast Tuesday, lifting shares as it reported strong consumer demand …

Germany eyes reduced China stake in Hamburg port to end row

Oct 25 2022

Germany's government is eyeing a compromise that would allow a Chinese firm to take a smaller-than-planned stake in a …

HSBC profits slide on bank impairment charges

Oct 25 2022

Global bank giant HSBC on Tuesday announced tumbling profits for the third quarter on impairment charges linked to a …

Stocks mostly retreat on mixed earnings; pound up on new PM

Oct 25 2022

Stock markets mostly fell Tuesday as traders reacted to mixed earnings, while Hong Kong steadied after the previous …

Rebuilding Ukraine a 'generational task' that begins now: Scholz

Oct 25 2022

German Chancellor Olaf Scholz said on Tuesday that rebuilding Ukraine was a "generational task" that must start …

Growing 'Davos in the Desert' a sign of Saudi clout

AFP - 18h ago

Hundreds of CEOs and finance moguls are expected in Riyadh from Tuesday for a Davos-style investment conference that …

Red Bull founder Dietrich Mateschitz dead at 78

AFP - 21h ago

Red Bull founder Dietrich Mateschitz, who made the energy drink a global phenomenon and forged a title-winning Formula …

Dietrich Mateschitz: Low-profile Austrian behind Red Bull empire

Oct 22 2022

Austrian billionaire Dietrich Mateschitz, who died Saturday at the age of 78, built a sports and media empire around his …

Spanish soccer star Garcia 'glad to pay more tax to help out'

Oct 22 2022

Athletic Bilbao forward Raul Garcia agrees with the Spanish government's plan to impose a temporary tax on the richest …

UK's Sunak qualifies for PM race as Johnson eyes comeback

Oct 21 2022

British Conservative politician Rishi Sunak late Friday reached the minimum threshold to run for party leader, as former …

US stocks surge while yen gains amid rumored government intervention

Oct 21 2022

Wall Street stocks surged Friday to end a volatile week on a positive note while the yen jumped against the dollar in a …

Balenciaga breaks ties with Kanye West

Oct 21 2022

Paris-based fashion house Balenciaga has ended ties with rapper Kanye West following a recent run of controversial …

Mordaunt enters Tory race as Johnson eyes comeback as PM

Oct 21 2022

Britain's divisive former leader Boris Johnson on Friday received heavyweight Conservative backing to stage a …

US budget deficit drops by half in 2022 on pandemic recovery

Oct 21 2022

The US budget deficit fell by half in the past year to $1.4 trillion on the back of a pandemic recovery and as relief …

Mordaunt enters Tory race as Johnson eyes comeback for PM

Oct 21 2022

Britain's divisive former leader Boris Johnson on Friday received heavyweight Conservative backing to stage a …

Pro-Draghi League moderate named Italy economy minister

Oct 21 2022

Giancarlo Giorgetti, named Italy's new economy minister on Friday, is considered one of the more moderate, pro-Europe …

Pound hit by UK political crisis

Oct 21 2022

Global stocks wavered on Friday on renewed concerns about rising interest rates while the British pound slumped over the …

India's Reliance reports mixed results as taxes hurt oil business

Oct 21 2022

Indian conglomerate Reliance Industries reported mixed quarterly results on Friday, with weakness in its core …

Twitter shares fall as Musk takeover faces fresh questions

Oct 21 2022

Twitter shares fell about five percent early Friday as the proposed takeover by Elon Musk faced new questions and weak …

Hong Kong to let Covid-hit participants of banking summit leave on own flights: official

Oct 21 2022

Foreign participants at a high-profile financial summit in Hong Kong next month would be able to skip isolation and …

Google fined $162 mn by Indian watchdog over market dominance

Oct 21 2022

Google has been fined more than $160 million by India's anti-trust watchdog after a probe found the tech behemoth was …

Johnson eyes comeback as UK Tories race to replace Truss

Oct 21 2022

Britain's divisive former leader Boris Johnson on Friday received heavyweight Conservative backing to stage a …

Pound sinks on UK political chaos

Oct 21 2022

The British pound sank against the dollar Friday on political uncertainty after the resignation of UK Prime Minister Liz …

UK reports further bleak economic data

Oct 21 2022

UK government borrowing surged and retail sales slumped in September, official data showed Friday, dealing a further …

Dollar extends gains on Fed rate hike expectations

Oct 21 2022

The dollar extended gains Friday on expectations the Federal Reserve will press ahead with its programme of bumper …

China scrubs reports of teen quarantine death from internet

Oct 21 2022

Chinese censors on Friday scrubbed reports that a teenager had died in a quarantine facility, after the case sparked …

Brazil's dirty campaign: a disinformation guide

Oct 21 2022

Brazil's election campaign has been an orgy of mudslinging, social media attacks and outright lies so outlandish they …

UK Tory rivals open truncated leadership race

Oct 21 2022

Contenders bidding to succeed Prime Minister Liz Truss were Friday to open a hectic weekend of campaigning, but …

EU agrees 'roadmap' to contain energy prices

Oct 21 2022

EU leaders on Friday reached agreement on a "roadmap" aimed at putting in place measures within weeks to shield European …

US airlines cheer travel boost from shift to hybrid work

Oct 21 2022

US airlines say they are reaping the benefits of a growing trend of hybrid work that allows employees to travel more …

Big staff cuts likely at Twitter: report

Oct 21 2022

Massive layoffs appear to be on the horizon at Twitter, especially if billionaire Elon Musk completes his $44 billion …

Slowed Snapchat parent earnings send shares off a cliff

Oct 20 2022

Shares in Snapchat's parent company plunged more than 26 percent on Thursday on a quarterly earnings report that showed …

Yen sinks to new low as British pound briefly surges after Truss exit

Oct 20 2022

The yen sank to a new 32-year low Thursday against the dollar, while the pound briefly rallied after British Prime …

EU leaders clash over how to tackle energy prices

Oct 20 2022

EU leaders clashed Thursday over how to ride out Europe's energy shock, with traditional partners France and Germany at …

UK's Tories vow new leader next week as PM Truss quits

Oct 20 2022

Prime Minister Liz Truss on Thursday announced her resignation just 44 crisis-filled days after taking office, as the …

Facebook adds way to remove misinformation from groups

Oct 20 2022

Facebook on Thursday added a method for people running groups to automatically sift out claims that have been debunked …

UK's PM Truss quits, Tories vow new leader next week

Oct 20 2022

British Prime Minister Liz Truss on Thursday announced her resignation just six crisis-filled weeks after taking office, …

Shortest-serving PM in history leaves scars on economy

Oct 20 2022

Truss' attempt to boost growth in a recession-threatened economy was fuelled by eye-watering levels of debt, damaging …

Thai regulators approve controversial telecom merger

Oct 20 2022

Thailand's telecom regulator on Thursday approved the merger of Telenor's Thai arm and a local rival that would create …

Pound, London stocks climb after Truss resignation

Oct 20 2022

The London stock market and the pound bounced on Thursday after British Prime Minister Liz Truss announced her …

European Space Agency to launch two missions on SpaceX rockets

Oct 20 2022

The European Space Agency announced Thursday it will use SpaceX's Falcon 9 rockets to launch two scientific missions …

S.Africa paves way for cryptocurrency regulation

Oct 20 2022

South Africa's financial watchdog on Thursday declared cryptocurrency a financial product, paving way for the regulation …

Robust travel demand boosts American Airlines' Q3 profits

Oct 20 2022

American Airlines reported a strong third quarter Thursday, capitalizing on robust demand for travel that the company …

Turkish central bank cuts rates again as inflation rockets

Oct 20 2022

Turkey's central bank on Thursday cut its policy rate for the third consecutive month despite a plunging lira and an …

Stocks mostly slide on strong dollar

Oct 20 2022

Asian and European equities mostly slid Thursday after overnight Wall Street losses, while the dollar jumped as surging …

Turkish central bank cuts rates for third month

Oct 20 2022

Turkey's central bank on Thursday cut its policy rate for the third consecutive month despite plunging lira and an …

EU leaders fight for common ground on energy prices

Oct 20 2022

EU leaders are set for tough talks on how to handle Europe's energy shock Thursday, with capitals at loggerheads over …

First-ever licencing deal struck for cancer drug

Oct 20 2022

Pharmaceutical giant Novartis has signed a licensing agreement increasing access to a vital leukaemia treatment, a …

Stocks drop and dollar rises as inflation, rate fears return

Oct 20 2022

Equities tumbled Thursday, tracking a sell-off on Wall Street, while the dollar jumped further as surging inflation, …

Yen sinks to 150 per dollar, lowest since 1990

Oct 20 2022

The falling yen hit 150 per dollar for the first time since 1990 on Thursday, driven down by the contrast between …

Asian markets drop and dollar rises as inflation, rate fears return

Oct 20 2022

Asian equities tumbled Thursday, tracking a sell-off on Wall Street, while the dollar regained its strength as surging …

How gaming firm Ubisoft mashed 'Rabbids' into 'Mario' world

Oct 20 2022

It took 300 staff working in five cities about five years, but the second edition of one of the most ambitious mash-ups …

Tesla quarterly profit jumps, but revenues miss estimates

Oct 20 2022

Tesla reported Wednesday another quarter of sparkling earnings growth, but shares fell amid questions over the …

Why law enforcement struggles to throttle crypto scams

Oct 20 2022

Under the headline "Scammers in Paris", an online sleuth known as ZachXBT published a blog in August detailing how a …

Musk says he's 'excited' about buying Twitter, but overpaying

Oct 20 2022

Elon Musk on Wednesday said he is "excited" about taking over Twitter, expressing enthusiasm even though he's spent …

US hits network that smuggled chips to Russian arms makers

Oct 19 2022

US authorities indicted five Russians Wednesday who allegedly shipped American electronic components to Russia arms …

Stocks waver as inflation concerns offset positive earnings

Oct 19 2022

US stocks stumbled Wednesday, snapping a two-day rally, as investors tracked soaring inflation, while oil prices rose …

French oil refinery strikes begin to ease

Oct 19 2022

After three weeks of blockades, strikes at sites owned by French oil giant TotalEnergies were starting to ease on …

Smartphone sales sag as consumers delay purchases: report

Oct 19 2022

Global smartphone sales have slumped this year amid a "gloomy economic outlook," prompting people to spend money on …

Tesla reports jump in Q3 profits, but revenues miss estimates

Oct 19 2022

Tesla reported Wednesday another quarter of sparkling earnings growth, but shares fell amid questions over the …

Macron rams budget through divided French parliament

Oct 19 2022

President Emmanuel Macron's government on Wednesday sought to ram its 2023 budget through parliament without a vote …

Iconic 'Pillars of Creation' captured in new Webb image

Oct 19 2022

The James Webb Space Telescope captured the iconic "Pillars of Creation," huge structures of gas and dust teeming with …

BMW to invest $1.7 bn in electric car production in US

Oct 19 2022

German carmaker BMW said Wednesday it will invest $1.7 billion in the production of electric vehicles in the United …

As Xi tightens grip, EU rethinks approach to China

Oct 19 2022

Partners, competitors or rivals? European Union leaders are debating whether to rethink their stance on China as …

Fossil fuel CO2 emissions up slightly in 2022: IEA

Oct 19 2022

Global carbon dioxide emissions from fossil fuel combustion are expected to grow just one percent this year despite …

Truss budget fiasco shows power of the markets

Oct 19 2022

British Prime Minister Liz Truss's humiliating budget U-turn shows how markets can wield influence over government …

Methane in Turkey mine was below critical level: Erdogan

Oct 19 2022

Turkish President Recep Tayyip Erdogan said Wednesday that the methane level in a mine in northwest Turkey was below the …

Empty shelves as German supermarkets resist price hikes

Oct 19 2022

German shoppers are increasingly finding empty shelves where their favourite Kellogg's cereal, Mars chocolate bar or …

Procter & Gamble earnings boosted by price hikes

Oct 19 2022

Procter & Gamble turned in another solid quarter Wednesday as it pointed to indications that consumers are mostly …

Stocks stumble as inflation concerns offset positive earnings

Oct 19 2022

Major stock markets stumbled Wednesday, as lingering concerns over sky-high inflation offset positive earnings.

Hong Kong to 'trawl world for talent' in reboot attempt

Oct 19 2022

Hong Kong's leader unveiled plans to resuscitate the business hub's fortunes on Wednesday, hoping to lure back …

Markets mixed as traders struggle to keep rally's momentum

Oct 19 2022

Investors battled to push markets higher again Wednesday following another healthy run-up on Wall Street boosted by more …

UK inflation returns above 10 percent

Oct 19 2022

British inflation jumped back above 10 percent in September on soaring food prices, official data showed Wednesday, with …

Asian markets mixed as traders struggle to keep rally's momentum

Oct 19 2022

Asian investors battled to push markets higher again Wednesday following another healthy run-up on Wall Street boosted …

'Close the windows': Lebanon power plant sparks cancer fears

Oct 19 2022

After losing four relatives to respiratory illness, Zeina Matar fled her hometown north of Lebanon's capital where she …

Amazon workers reject union in latest US warehouse vote

Oct 19 2022

Workers at an Amazon warehouse in the state of New York voted decisively against establishing a union, US officials …

Netflix subscriber numbers re-ignite after chilly start to year

Oct 19 2022

Netflix on Tuesday reported that it gained more than 2 million subscribers in the recent quarter, calming investor fears …

Biden to release 15 mln barrels from US oil reserves: official

Oct 19 2022

President Joe Biden will announce Wednesday he's putting the final 15 million barrels on the market from a record …

Most Salvadorans think making Bitcoin legal tender was 'failure'

Oct 18 2022

More than a year after Bitcoin became legal tender in El Salvador, a new poll Tuesday showed most people in the country …

Netflix subscriber growth beats expectations

Oct 18 2022

Netflix on Tuesday reported that it gained more than 2 million subscribers in the recent quarter, calming investor fears …

US confirms Saudi sentencing of American over tweets

Oct 18 2022

The United States said Tuesday it was raising with Saudi Arabia a prison sentence handed to a US citizen over tweets …

United Airlines bullish on air travel despite inflation

Oct 18 2022

United Airlines reported strong third-quarter results Tuesday and said it does not expect inflation and other …

Stock markets climb on bright US earnings and UK policy U-turns

Oct 18 2022

Major global equities rose Tuesday, with sentiment boosted by upbeat US earnings and relief over the demise of the new …

Cement giant Lafarge fined $778 mn for working with Islamic State in Syria

Oct 18 2022

French cement giant Lafarge SA was slapped with a $778 million fine Tuesday for making millions in payments to the …

US confirms Saudi detention of American over tweets

Oct 18 2022

The United States said Tuesday it was raising with Saudi Arabia a prison sentence handed to a US citizen over tweets …

UK PM Truss battles to stay in power after tax reforms trashed

Oct 18 2022

Britain's Liz Truss on Tuesday battled to salvage her position as prime minister, after market turmoil at her …

Thousands strike in France for higher wages

Oct 18 2022

Striking workers held rallies across France on Tuesday to demand higher wages in response to soaring inflation, …

German cybersecurity chief sacked over alleged Russia ties

Oct 18 2022

Germany's cybersecurity chief was sacked on Tuesday after a TV satire show accused him of having ties to Russian …

Counting starts in latest union vote at Amazon US warehouse

Oct 18 2022

US labor officials began counting ballots in New York Tuesday in the latest unionization drive at Amazon after workers …

Thousands strike across France amid fuel shortages

Oct 18 2022

Thousands of people took to the streets across France on Tuesday and commuters faced delays as unions staged a …

Russia sets back global progress on internet freedom: study

Oct 18 2022

A Russian crackdown has driven a global decline in internet freedom although a number of smaller countries are making …

Stock markets climb on bright US earnings

Oct 18 2022

Major global equities rose Tuesday, with sentiment soothed after Britain shredded its controversial budget and following …

Goldman Sachs reports lower profits, unveils reorganization

Oct 18 2022

Goldman Sachs reported lower profits Tuesday on a big drop in revenues tied to corporate merger advising, but the firm …

French government set to overrule lawmakers in budget standoff

Oct 18 2022

The French government is poised to wield a rarely used constitutional weapon to force its budget through parliament, …

Zelensky set for Frankfurt book fair as Ukraine stars

Oct 18 2022

Ukraine's President Volodymyr Zelensky will address this week's Frankfurt book fair, with organisers offering emphatic …

'Hey Buddha': Japan researchers create AI enlightenment tool

Oct 18 2022

What is the meaning of happiness? Why not ask AI Buddha, a tool made by Japanese researchers that brings spiritual …

European stock markets climb on bright US earnings

Oct 18 2022

European equities rose Tuesday on upbeat US earnings, with sentiment also soothed after Britain shredded its …

France faces delays as unions call transport strike

Oct 18 2022

France faced disruptions on Tuesday after unions called a nationwide transport strike, as they remain in deadlock with …

WWII munitions hinder Nord Stream pipeline probe

Oct 18 2022

Investigations into the suspected sabotage of the Nord Stream gas pipelines linking Russia with Europe are "progressing …

Taiwan's Foxconn unveils more electric vehicle prototypes

Oct 18 2022

Taiwanese tech giant Foxconn unveiled two more electric vehicle prototypes on Tuesday, including a pickup truck, saying …

Stocks, sterling extend gains after UK budget U-turn

Oct 18 2022

Equities rose with sterling Tuesday after the UK government scrapped a controversial debt-funded mini-budget that had …

France prepares for major disruptions as unions call transport strike

Oct 18 2022

France faced major disruptions on Tuesday after unions called a nationwide transport strike, as they remain in deadlock …

Mountainous Lesotho finds gold in trout fish farming

Oct 18 2022

It's harvest time in Lejone, a small village nestling in mountains in southern Africa more than two thousand metres …

Australia backs plan for intercontinental power grid

Oct 18 2022

Australia touted a world-first project Tuesday that could help make the country a "renewable energy superpower" by …

Asian markets up, sterling holds gains after UK budget U-turn

Oct 18 2022

Equities mostly rose and sterling held on to its gains Tuesday after the UK government scrapped a controversial …

'A turning point': Japanese fashion after Kenzo, Miyake

Oct 18 2022

At Tokyo's prestigious Bunka Fashion College, students concentrate in silence that is broken only by the sound of …

Kanye West agrees to buy social network Parler

Oct 17 2022

Social network Parler announced Monday a deal for Kanye West to buy the platform popular with US conservatives, just …

US hits network that smuggled chips to Russian arms makers

AFP - 1h ago

US authorities indicted five Russians Wednesday who allegedly shipped American electronic components to Russia arms …

Stocks waver as inflation concerns offset positive earnings

AFP - 2h ago

US stocks stumbled Wednesday, snapping a two-day rally, as investors tracked soaring inflation, while oil prices rose …

French oil refinery strikes begin to ease

AFP - 2h ago

After three weeks of blockades, strikes at sites owned by French oil giant TotalEnergies were starting to ease on …

Smartphone sales sag as consumers delay purchases: report

AFP - 2h ago

Global smartphone sales have slumped this year amid a "gloomy economic outlook," prompting people to spend money on …

Tesla reports jump in Q3 profits, but revenues miss estimates

AFP - 2h ago

Tesla reported Wednesday another quarter of sparkling earnings growth, but shares fell amid questions over the …

Macron rams budget through divided French parliament

AFP - 5h ago

President Emmanuel Macron's government on Wednesday sought to ram its 2023 budget through parliament without a vote …

Iconic 'Pillars of Creation' captured in new Webb image

AFP - 5h ago

The James Webb Space Telescope captured the iconic "Pillars of Creation," huge structures of gas and dust teeming with …

BMW to invest $1.7 bn in electric car production in US

AFP - 8h ago

German carmaker BMW said Wednesday it will invest $1.7 billion in the production of electric vehicles in the United …

As Xi tightens grip, EU rethinks approach to China

AFP - 8h ago

Partners, competitors or rivals? European Union leaders are debating whether to rethink their stance on China as …

Fossil fuel CO2 emissions up slightly in 2022: IEA

AFP - 9h ago

Global carbon dioxide emissions from fossil fuel combustion are expected to grow just one percent this year despite …

Truss budget fiasco shows power of the markets

AFP - 9h ago

British Prime Minister Liz Truss's humiliating budget U-turn shows how markets can wield influence over government …

Methane in Turkey mine was below critical level: Erdogan

AFP - 9h ago

Turkish President Recep Tayyip Erdogan said Wednesday that the methane level in a mine in northwest Turkey was below the …

Empty shelves as German supermarkets resist price hikes

AFP - 10h ago

German shoppers are increasingly finding empty shelves where their favourite Kellogg's cereal, Mars chocolate bar or …

Procter & Gamble earnings boosted by price hikes

AFP - 7h ago

Procter & Gamble turned in another solid quarter Wednesday as it pointed to indications that consumers are mostly …

Stocks stumble as inflation concerns offset positive earnings

AFP - 2h ago

Major stock markets stumbled Wednesday, as lingering concerns over sky-high inflation offset positive earnings.

Hong Kong to 'trawl world for talent' in reboot attempt

AFP - 14h ago

Hong Kong's leader unveiled plans to resuscitate the business hub's fortunes on Wednesday, hoping to lure back …

Markets mixed as traders struggle to keep rally's momentum

AFP - 3h ago

Investors battled to push markets higher again Wednesday following another healthy run-up on Wall Street boosted by more …

UK inflation returns above 10 percent

AFP - 16h ago

British inflation jumped back above 10 percent in September on soaring food prices, official data showed Wednesday, with …

Asian markets mixed as traders struggle to keep rally's momentum

AFP - 4h ago

Asian investors battled to push markets higher again Wednesday following another healthy run-up on Wall Street boosted …

'Close the windows': Lebanon power plant sparks cancer fears

AFP - 20h ago

After losing four relatives to respiratory illness, Zeina Matar fled her hometown north of Lebanon's capital where she …

Amazon workers reject union in latest US warehouse vote

AFP - 19h ago

Workers at an Amazon warehouse in the state of New York voted decisively against establishing a union, US officials …

Netflix subscriber numbers re-ignite after chilly start to year

AFP - 19h ago

Netflix on Tuesday reported that it gained more than 2 million subscribers in the recent quarter, calming investor fears …

Biden to release 15 mln barrels from US oil reserves: official

AFP - 1h ago

President Joe Biden will announce Wednesday he's putting the final 15 million barrels on the market from a record …

Most Salvadorans think making Bitcoin legal tender was 'failure'

Oct 18 2022

More than a year after Bitcoin became legal tender in El Salvador, a new poll Tuesday showed most people in the country …

Netflix subscriber growth beats expectations

Oct 18 2022

Netflix on Tuesday reported that it gained more than 2 million subscribers in the recent quarter, calming investor fears …

US confirms Saudi sentencing of American over tweets

Oct 18 2022

The United States said Tuesday it was raising with Saudi Arabia a prison sentence handed to a US citizen over tweets …

United Airlines bullish on air travel despite inflation

Oct 18 2022

United Airlines reported strong third-quarter results Tuesday and said it does not expect inflation and other …

Stock markets climb on bright US earnings and UK policy U-turns

Oct 18 2022

Major global equities rose Tuesday, with sentiment boosted by upbeat US earnings and relief over the demise of the new …

Cement giant Lafarge fined $778 mn for working with Islamic State in Syria

Oct 18 2022

French cement giant Lafarge SA was slapped with a $778 million fine Tuesday for making millions in payments to the …

US confirms Saudi detention of American over tweets

Oct 18 2022

The United States said Tuesday it was raising with Saudi Arabia a prison sentence handed to a US citizen over tweets …

UK PM Truss battles to stay in power after tax reforms trashed

Oct 18 2022

Britain's Liz Truss on Tuesday battled to salvage her position as prime minister, after market turmoil at her …

Thousands strike in France for higher wages

Oct 18 2022

Striking workers held rallies across France on Tuesday to demand higher wages in response to soaring inflation, …

German cybersecurity chief sacked over alleged Russia ties

Oct 18 2022

Germany's cybersecurity chief was sacked on Tuesday after a TV satire show accused him of having ties to Russian …

Counting starts in latest union vote at Amazon US warehouse

Oct 18 2022

US labor officials began counting ballots in New York Tuesday in the latest unionization drive at Amazon after workers …

Thousands strike across France amid fuel shortages

Oct 18 2022

Thousands of people took to the streets across France on Tuesday and commuters faced delays as unions staged a …

Russia sets back global progress on internet freedom: study

Oct 18 2022

A Russian crackdown has driven a global decline in internet freedom although a number of smaller countries are making …

Stock markets climb on bright US earnings

Oct 18 2022

Major global equities rose Tuesday, with sentiment soothed after Britain shredded its controversial budget and following …

Goldman Sachs reports lower profits, unveils reorganization

Oct 18 2022

Goldman Sachs reported lower profits Tuesday on a big drop in revenues tied to corporate merger advising, but the firm …

French government set to overrule lawmakers in budget standoff

Oct 18 2022

The French government is poised to wield a rarely used constitutional weapon to force its budget through parliament, …

Zelensky set for Frankfurt book fair as Ukraine stars

Oct 18 2022

Ukraine's President Volodymyr Zelensky will address this week's Frankfurt book fair, with organisers offering emphatic …

'Hey Buddha': Japan researchers create AI enlightenment tool

Oct 18 2022

What is the meaning of happiness? Why not ask AI Buddha, a tool made by Japanese researchers that brings spiritual …

European stock markets climb on bright US earnings

Oct 18 2022

European equities rose Tuesday on upbeat US earnings, with sentiment also soothed after Britain shredded its …

France faces delays as unions call transport strike

Oct 18 2022

France faced disruptions on Tuesday after unions called a nationwide transport strike, as they remain in deadlock with …

WWII munitions hinder Nord Stream pipeline probe

Oct 18 2022

Investigations into the suspected sabotage of the Nord Stream gas pipelines linking Russia with Europe are "progressing …

Taiwan's Foxconn unveils more electric vehicle prototypes

Oct 18 2022

Taiwanese tech giant Foxconn unveiled two more electric vehicle prototypes on Tuesday, including a pickup truck, saying …

Stocks, sterling extend gains after UK budget U-turn

Oct 18 2022

Equities rose with sterling Tuesday after the UK government scrapped a controversial debt-funded mini-budget that had …

France prepares for major disruptions as unions call transport strike

Oct 18 2022

France faced major disruptions on Tuesday after unions called a nationwide transport strike, as they remain in deadlock …

Mountainous Lesotho finds gold in trout fish farming

Oct 18 2022

It's harvest time in Lejone, a small village nestling in mountains in southern Africa more than two thousand metres …

Australia backs plan for intercontinental power grid

Oct 18 2022

Australia touted a world-first project Tuesday that could help make the country a "renewable energy superpower" by …

Asian markets up, sterling holds gains after UK budget U-turn

Oct 18 2022

Equities mostly rose and sterling held on to its gains Tuesday after the UK government scrapped a controversial …

'A turning point': Japanese fashion after Kenzo, Miyake

Oct 18 2022

At Tokyo's prestigious Bunka Fashion College, students concentrate in silence that is broken only by the sound of …

Kanye West agrees to buy social network Parler

Oct 17 2022

Social network Parler announced Monday a deal for Kanye West to buy the platform popular with US conservatives, just …

UK PM Truss 'sorry' for economic 'mistakes' but vows to stay on

Oct 17 2022

Embattled UK Prime Minister Liz Truss on Monday apologised for going "too far too fast" with reforms that triggered …

Scholz extends life of Germany's remaining nuclear plants

Oct 17 2022

Chancellor Olaf Scholz on Monday ordered all three of Germany's remaining nuclear power plants to stay operational until …

Parler seen as home for far-right -- and now Kanye West

Oct 17 2022

Seen as an online home for extremist rhetoric unwelcome at established social networks, Parler won fans in the ultra-far …

The UK: Is there a prime minister in the house?

Oct 17 2022

Asked by the opposition to explain her latest humiliating climbdown, UK Prime Minister Liz Truss on Monday refused to …

UK axes 'almost all' budget tax cuts in humiliation for Truss

Oct 17 2022

The British government on Monday axed almost all of its debt-fuelled tax cuts unveiled last month to avert fresh markets …

Saudi defends oil policy in face of US charges

Oct 17 2022

Saudi Arabia has rejected US accusations of aligning itself with Russia amid the Ukraine war by making oil production …

Lufthansa expects higher profits as air travel booms

Oct 17 2022

German airline giant Lufthansa on Monday significantly raised its earnings forecast for 2022, citing "strong demand" for …

Stellantis CEO says group may end China production

Oct 17 2022

Car giant Stellantis may stop building vehicles in China, chief executive Carlos Tavares said Monday, citing building …

WHO seeks flexible funds from business via foundation

Oct 17 2022

The World Health Organization is sourcing rapid response financing directly from companies to help tackle international …

BP to buy US renewable gas firm for $4.1 bn

Oct 17 2022

BP has agreed to buy US renewable gas producer Archaea for $4.1 billion to help the British oil giant reach net zero …

Russia's use of Iranian drones shows up domestic weakness

Oct 17 2022

The use by Russia of Iranian drones in its war against Ukraine makes clear the weaknesses of its domestic industry and …

Britain junks budget tax measures as Truss hangs by thread

Oct 17 2022

Britain's new finance chief Jeremy Hunt on Monday axed debt-fuelled tax cuts to further calm market turmoil, in another …

WHO seeking quick bucks from business via foundation

Oct 17 2022

The World Health Organization is sourcing rapid response financing directly from companies to help tackle international …

China delays release of economic data during key political meeting

Oct 17 2022

China said Monday it will delay the release of economic growth figures, as the country's leadership gathers for a major …

Pound rallies as UK set to unveil spending plans

Oct 17 2022

The pound jumped more than one percent against the dollar Monday as Britain's fourth finance minister in as many months …

Britain fast-tracks fiscal plans as Truss hangs by thread

Oct 17 2022

Britain's new finance chief Jeremy Hunt will Monday bring forward fiscal measures to further calm markets turmoil, in …

France braces for nationwide strike amid fuel shortage tensions

Oct 17 2022

France on Monday braced for nationwide transport strike actions as the government and unions remained in deadlock over …

Sterling rises with UK finance minister set to unveil spending plans

Oct 17 2022

Sterling rose Monday as Britain's new finance minister prepared to announce new tax and spending measures aimed at …

Credit Suisse to pay $495 mn in US to settle securities case

Oct 17 2022

Credit Suisse said Monday it would pay $495 million to settle a row over mortgage-backed securities dating back to the …

UK brings forward fiscal measures after budget turmoil

Oct 17 2022

Britain's new finance minister Jeremy Hunt will unveil tax and spending measures later Monday, bringing forward part of …

Markets mixed after Wall St losses as sterling bounces

Oct 17 2022

Equities were mixed Monday following a selloff on Wall Street as last week's rally ran out of steam on worries about …

Portugal bets all on renewables after abandoning coal

Oct 17 2022

As the UN steps up calls to make the switch to renewable energy to fight the global climate emergency, Portugal is among …

From mediocre to medal-winning: Japan's koshu wine

Oct 17 2022

Japanese food is famously paired with sake, but winemakers near Mount Fuji are on a mission to prove their bottles go …

Asian markets track Wall St losses but sterling bounces

Oct 17 2022

Asian equities dropped Monday, tracking a selloff on Wall Street as last week's rally ran out of steam on fresh worries …

Green future is cause for worry in S.Africa's coal belt

Oct 17 2022

Miner Thokozani Mtshweni, 37, looks spent as he readies for a 12-hour shift huddled under a carport shelter to avoid the …

World Cup boom pushes some Qatar residents out of homes

Oct 17 2022

Qatari landlords eyeing profit from the looming World Cup have been kicking out a growing number of mostly foreign …

Aston Martin showroom hit as UK vows action on climate protests

Oct 16 2022

Climate activists on Sunday sprayed orange paint over an Aston Martin showroom in central London, as the government …

UK's embattled Truss told: 'The game is up'

Oct 16 2022

Britain's Prime Minister Liz Truss on Sunday vied to reboot her economic programme, but Conservative critics warned the …

French PM threatens to force workers back as energy strikes continue

Oct 16 2022

France's prime minister warned striking oil industry workers Sunday that the government might once again use its …

Protesters march in Paris as French refinery strikes continue

Oct 16 2022

Three weeks into a refinery strike that has caused fuel shortages across France, tens of thousands of protesters marched …

UK's Truss struggles to salvage premiership

Oct 16 2022

Britain's Prime Minister Liz Truss insisted on her commitment to economic discipline but Conservative critics stepped up …

Hounded at home, China's video game firms welcomed in Europe

Oct 16 2022

China is investing billions in Europe's video game industry, but analysts have warned that there could be trouble along …

New UK finance minister tears up tottering PM's agenda

Oct 16 2022

Britain's new finance minister Jeremy Hunt warned Saturday of looming tax hikes as he dramatically reversed course on …

Strikes persist at TotalEnergies refineries, fuel depot in France

Oct 15 2022

French refinery and fuel depot workers at five sites owned by oil giant TotalEnergies have extended their strike, union …

In reversal, Musk to continue funding Starlink in Ukraine

Oct 15 2022

Elon Musk said Saturday that his company SpaceX will continue to pay for Starlink satellite internet in war-torn …

China's economy slows as Xi plans for historic third term

Oct 15 2022

As China's leaders gather for a crucial party congress, the country is expected on Tuesday to announce some of its …

Musk says cannot fund Starlink in Ukraine indefinitely

Oct 15 2022

Elon Musk said Friday that SpaceX would not be able to pay for Starlink satellite internet in Ukraine indefinitely, …

Ex-head of US electric truck firm found guilty of fraud

Oct 14 2022

The former head of Nikola, a start-up making electric- and hydrogen-powered trucks, was found guilty of fraud on Friday …

Pound slides amid UK political drama

Oct 14 2022

The pound fell on Friday after under-fire British Prime Minister Liz Truss sacked her finance minister and made a …

US banks report solid results but warn of rising recession risk

Oct 14 2022

Large US banks reported a round of solid quarterly profits Friday, but cautioned of rising recession risks as the …

Broader coalition not needed for Russia oil price cap: US

Oct 14 2022

The G7 is still working on setting a price cap on Russian oil but enrolling more nations to the scheme is not necessary …

Low water level on Mississippi River hurts US grain shipping

Oct 14 2022

A lack of rainfall in the central United States has brought the mighty Mississippi River to its lowest depth in years, …

Hacking revelations put Mexico military on defensive

Oct 14 2022

Leaks from a shadowy group of hackers targeting secret files held by the armed forces of several Latin American nations …

UK's Truss fires finance minister as budget plan in ruins

Oct 14 2022

British Prime Minister Liz Truss on Friday fired her finance minister after prolonged market turmoil, but some …

French fuel shortages spark warnings as strike hardens

Oct 14 2022

Striking French refinery workers vowed Friday to pursue blockades after spurning a pay offer from industry leader …

Kroger unveils $24.6 bn deal to create supermarket giant

Oct 14 2022

Grocery chain Kroger will acquire smaller rival Albertsons in a $24.6 billion transaction announced Friday that would …

Pound slides amid UK political drama, stocks soar

Oct 14 2022

The pound fell Friday as under-fire British Prime Minister Liz Truss sacked her finance minister and made a dramatic …

'Shelf-life of a lettuce': Truss's nightmare on Downing Street

Oct 14 2022

British Prime Minister Liz Truss has had the shortest of political honeymoons since taking over from Boris Johnson.

UK's Truss fires finance minister as economic plan in tatters

Oct 14 2022

British Prime Minister Liz Truss on Friday dismissed her finance minister, forcing Kwasi Kwarteng to carry the can for …

Royal Mail plans up to 10,000 job cuts

Oct 14 2022

British postal operator Royal Mail on Friday unveiled plans to axe up to 10,000 jobs, blaming the move partly on ongoing …

UK axes 'almost all' budget tax cuts in humiliation for Truss

AFP - 37m ago

The British government on Monday axed almost all of its debt-fuelled tax cuts unveiled last month to avert fresh markets …

BP to buy US renewable gas firm for $4.1 bn

AFP - 1h ago

BP has agreed to buy US renewable gas producer Archaea for $4.1 billion to help the British oil giant reach net zero …

Russia's use of Iranian drones shows up domestic weakness

AFP - 1h ago

The use by Russia of Iranian drones in its war against Ukraine makes clear the weaknesses of its domestic industry and …

Britain junks budget tax measures as Truss hangs by thread

AFP - 2h ago

Britain's new finance chief Jeremy Hunt on Monday axed debt-fuelled tax cuts to further calm market turmoil, in another …

WHO seeking quick bucks from business via foundation

AFP - 3h ago

The World Health Organization is sourcing rapid response financing directly from companies to help tackle international …

China delays release of economic data during key political meeting

AFP - 3h ago

China said Monday it will delay the release of economic growth figures, as the country's leadership gathers for a major …

Pound rallies as UK set to unveil spending plans

AFP - 56m ago

The pound jumped more than one percent against the dollar Monday as Britain's fourth finance minister in as many months …

Britain fast-tracks fiscal plans as Truss hangs by thread

AFP - 1h ago

Britain's new finance chief Jeremy Hunt will Monday bring forward fiscal measures to further calm markets turmoil, in …

France braces for nationwide strike amid fuel shortage tensions

AFP - 4h ago

France on Monday braced for nationwide transport strike actions as the government and unions remained in deadlock over …

Saudi defends oil policy in face of US charges

AFP - 5h ago

Saudi Arabia has rejected US accusations of aligning itself with Russia amid the Ukraine war by making oil production …

Sterling rises with UK finance minister set to unveil spending plans

AFP - 1h ago

Sterling rose Monday as Britain's new finance minister prepared to announce new tax and spending measures aimed at …

Credit Suisse to pay $495 mn in US to settle securities case

AFP - 6h ago

Credit Suisse said Monday it would pay $495 million to settle a row over mortgage-backed securities dating back to the …

UK brings forward fiscal measures after budget turmoil

AFP - 2h ago

Britain's new finance minister Jeremy Hunt will unveil tax and spending measures later Monday, bringing forward part of …

Markets mixed after Wall St losses as sterling bounces

AFP - 48m ago

Equities were mixed Monday following a selloff on Wall Street as last week's rally ran out of steam on worries about …

Portugal bets all on renewables after abandoning coal

AFP - 6h ago

As the UN steps up calls to make the switch to renewable energy to fight the global climate emergency, Portugal is among …

From mediocre to medal-winning: Japan's koshu wine

AFP - 11h ago

Japanese food is famously paired with sake, but winemakers near Mount Fuji are on a mission to prove their bottles go …

Asian markets track Wall St losses but sterling bounces

AFP - 4h ago

Asian equities dropped Monday, tracking a selloff on Wall Street as last week's rally ran out of steam on fresh worries …

Green future is cause for worry in S.Africa's coal belt

AFP - 12h ago

Miner Thokozani Mtshweni, 37, looks spent as he readies for a 12-hour shift huddled under a carport shelter to avoid the …

World Cup boom pushes some Qatar residents out of homes

AFP - 13h ago

Qatari landlords eyeing profit from the looming World Cup have been kicking out a growing number of mostly foreign …

Aston Martin showroom hit as UK vows action on climate protests

Oct 16 2022

Climate activists on Sunday sprayed orange paint over an Aston Martin showroom in central London, as the government …

UK's embattled Truss told: 'The game is up'

Oct 16 2022

Britain's Prime Minister Liz Truss on Sunday vied to reboot her economic programme, but Conservative critics warned the …

French PM threatens to force workers back as energy strikes continue

Oct 16 2022

France's prime minister warned striking oil industry workers Sunday that the government might once again use its …

Protesters march in Paris as French refinery strikes continue

Oct 16 2022

Three weeks into a refinery strike that has caused fuel shortages across France, tens of thousands of protesters marched …

UK's Truss struggles to salvage premiership

Oct 16 2022

Britain's Prime Minister Liz Truss insisted on her commitment to economic discipline but Conservative critics stepped up …

Hounded at home, China's video game firms welcomed in Europe

Oct 16 2022

China is investing billions in Europe's video game industry, but analysts have warned that there could be trouble along …

New UK finance minister tears up tottering PM's agenda

Oct 16 2022

Britain's new finance minister Jeremy Hunt warned Saturday of looming tax hikes as he dramatically reversed course on …

Strikes persist at TotalEnergies refineries, fuel depot in France

Oct 15 2022

French refinery and fuel depot workers at five sites owned by oil giant TotalEnergies have extended their strike, union …

In reversal, Musk to continue funding Starlink in Ukraine

Oct 15 2022

Elon Musk said Saturday that his company SpaceX will continue to pay for Starlink satellite internet in war-torn …

China's economy slows as Xi plans for historic third term

Oct 15 2022

As China's leaders gather for a crucial party congress, the country is expected on Tuesday to announce some of its …

Musk says cannot fund Starlink in Ukraine indefinitely

Oct 15 2022

Elon Musk said Friday that SpaceX would not be able to pay for Starlink satellite internet in Ukraine indefinitely, …

Ex-head of US electric truck firm found guilty of fraud

Oct 14 2022

The former head of Nikola, a start-up making electric- and hydrogen-powered trucks, was found guilty of fraud on Friday …

Pound slides amid UK political drama

Oct 14 2022

The pound fell on Friday after under-fire British Prime Minister Liz Truss sacked her finance minister and made a …

US banks report solid results but warn of rising recession risk

Oct 14 2022

Large US banks reported a round of solid quarterly profits Friday, but cautioned of rising recession risks as the …

Broader coalition not needed for Russia oil price cap: US

Oct 14 2022

The G7 is still working on setting a price cap on Russian oil but enrolling more nations to the scheme is not necessary …

Low water level on Mississippi River hurts US grain shipping

Oct 14 2022

A lack of rainfall in the central United States has brought the mighty Mississippi River to its lowest depth in years, …

Hacking revelations put Mexico military on defensive

Oct 14 2022

Leaks from a shadowy group of hackers targeting secret files held by the armed forces of several Latin American nations …

UK's Truss fires finance minister as budget plan in ruins

Oct 14 2022

British Prime Minister Liz Truss on Friday fired her finance minister after prolonged market turmoil, but some …

French fuel shortages spark warnings as strike hardens

Oct 14 2022

Striking French refinery workers vowed Friday to pursue blockades after spurning a pay offer from industry leader …

Kroger unveils $24.6 bn deal to create supermarket giant

Oct 14 2022

Grocery chain Kroger will acquire smaller rival Albertsons in a $24.6 billion transaction announced Friday that would …

Pound slides amid UK political drama, stocks soar

Oct 14 2022

The pound fell Friday as under-fire British Prime Minister Liz Truss sacked her finance minister and made a dramatic …

'Shelf-life of a lettuce': Truss's nightmare on Downing Street

Oct 14 2022

British Prime Minister Liz Truss has had the shortest of political honeymoons since taking over from Boris Johnson.

UK's Truss fires finance minister as economic plan in tatters

Oct 14 2022

British Prime Minister Liz Truss on Friday dismissed her finance minister, forcing Kwasi Kwarteng to carry the can for …

Royal Mail plans up to 10,000 job cuts

Oct 14 2022

British postal operator Royal Mail on Friday unveiled plans to axe up to 10,000 jobs, blaming the move partly on ongoing …

JPMorgan Chase reports lower profits, warns of economic 'headwinds'

Oct 14 2022

JPMorgan Chase reported a drop in third-quarter profits Friday as it set aside funds for potential loan defaults and …

Equities soar despite hot US inflation, pound dips on uncertainty

Oct 14 2022

Asian and European equities rallied Friday despite news of surging US inflation, while the pound dipped on uncertainty …

French fuel shortages take toll as strike standoff hardens

Oct 14 2022

Striking French refinery workers vowed Friday to maintain their blockades after rejecting a pay offer from oil giant …

Erdogan tells government to start work on Russian gas hub

Oct 14 2022

Turkish President Recep Tayyip Erdogan backs the Kremlin's idea of creating an international gas hub in Turkey and wants …

Court challenge in Kenya over GM crops

Oct 14 2022

A Kenyan lawyer said Friday he has filed a court challenge to a decision by the new government to lift a decade-old ban …

Markets surge after sharp Wall St swing, pound holds gains

Oct 14 2022

Equities rallied Friday to extend a surge on Wall Street, where all three indexes saw extreme swings in response to a …

Asian markets surge after sharp Wall St swing, pound holds gains

Oct 14 2022

Asian equities soared Friday to extend a surge on Wall Street, where all three indexes saw extreme swings in response to …

Danone plans to withdraw from most of its business in Russia

Oct 14 2022

French agribusiness Danone said Friday it planned to transfer control of its essential dairy and plant-based business in …

BBC marks 100 years facing questions about its future

Oct 14 2022

On November 14, 1922, the clipped tones of the BBC's director of programmes, Arthur Burrows, crackled across the …

Two unions reach compromise with oil giant in French strikes

Oct 14 2022

Two French unions announced a tentative pay rise agreement with oil giant TotalEnergies early Friday following emergency …

China consumer inflation rises to two-year high

Oct 14 2022

China's consumer inflation hit two-year high in September, official data showed Friday, fuelled by soaring pork prices …

Singapore's economy grows 4.4% in Q3

Oct 14 2022

Singapore's economy expanded by 4.4 percent on-year in the third quarter of 2022, the government said Friday while …

Meta working to speed up metaverse, but success far from certain

Oct 14 2022

A year after rebranding itself from Facebook into Meta, the social network titan is striving to make the metaverse a …

Turkey introduces jail terms for 'fake news'

Oct 14 2022

Turkey's parliament on Thursday approved a tough pre-election law that could see reporters and social media users jailed …

US stocks rebound after disappointing inflation data

Oct 13 2022

Wall Street stocks finished a topsy-turvy session with strong gains Thursday following disappointing inflation data, …

Inflation maintains grip on US with new jump in September

Oct 13 2022

Inflation kept its hold on the US economy in September, government data showed Thursday, with a higher-than-expected …

G20 struggles for harmony again, as US-Saudi spat emerges

Oct 13 2022

The G20 closed talks in Washington on Thursday without issuing a joint communique, as a growing US-Saudi feud created …

US and Saudi Arabia clash in public over oil cut, Russia

Oct 13 2022

The United States and Saudi Arabia traded bitter barbs Thursday over last week's OPEC+ oil output cut, with Washington …

French strikes spread as Macron's opponents push for 'confrontation'

Oct 13 2022

French railway workers and civil servants voted Thursday to join striking oil refinery staff with a walkout next week, …

Netflix to debut subscription with ads

Oct 13 2022

Netflix on Thursday said a subscription option subsidized by ads will debut in November across a dozen countries as the …

US and S. Arabia clash in public over oil cut, Russia

Oct 13 2022

The United States and Saudi Arabia traded bitter barbs Thursday over last week's OPEC+ oil output cut, with Washington …

G20 meets amid Ukraine war, US-Saudi tensions

Oct 13 2022

The G20 held talks in Washington on Thursday, but Russia's presence in the club made any consensus unlikely despite the …

At IMF, UK gets lecture on having 'coherent' fiscal policy

Oct 13 2022

Britain has had its knuckles rapped over its controversial debt-fueled budget at the IMF's annual meetings, with the …

Kenya denies defaulting on China railway debt

Oct 13 2022

Kenya on Thursday denied it had defaulted on interest repayments on a loan advanced by China for the construction of a …

Stocks bounce after key US inflation data

Oct 13 2022

Equities fell sharply on Thursday after data showed US inflation jumped more than expected in September, before quickly …

Yen hits lowest level against dollar since 1990 

Oct 13 2022

The yen on Thursday dropped to the lowest level against the dollar since 1990 after US inflation data indicated more …

Germany agrees to replace cheap national transport ticket

Oct 13 2022

Germany on Thursday moved closer to approving a successor to a popular ultra-cheap, country-wide public transport ticket …

Stocks slump after key US inflation data

Oct 13 2022

Equities fell sharply on Thursday after data showed US inflation jumped more than expected in September.

France orders more strikers back to work as fuel shortages bite

Oct 13 2022

The French government on Thursday ordered workers back to a second fuel depot in a bid to ease petrol shortages from a …

US inflation persists, higher in September over prior month

Oct 13 2022

US inflation jumped more than expected in September, according to government data released Thursday, in the latest sign …

'Challenging' year for Ikea, 10,000 layoffs in Russia

Oct 13 2022

Swedish furniture giant Ikea posted a six percent rise in full-year sales on Thursday, in what it described as a …

Weak pound is major draw at London's Frieze art fair

Oct 13 2022

As the global art world descends on London's Frieze fair this week, the current low value of the UK pound makes buying …

India's Infosys plans $1 bn buyback on strong profits

Oct 13 2022

Indian outsourcing behemoth Infosys approved a $1 billion share buyback on Thursday after strong quarterly profits that …

Stocks diverge before key US inflation data

Oct 13 2022

Equities mostly rose in Europe but fell in Asia Thursday, before US inflation data that could determine the pace of …

Easyjet warns of another annual loss

Oct 13 2022

British airline EasyJet on Thursday warned of a third annual loss in a row, as sector-wide disruption and a strong …

La Liga win injunction to freeze 50 million euros of beIN assets

Oct 13 2022

Spain's top football division, La Liga, has taken out a court injunction against the beIN Media Group to freeze 50 …

WWII munitions hinder Nord Stream pipeline probe

Oct 13 2022

Investigations into the suspected sabotage of the Nord Stream gas pipelines linking Russia with Europe are "progressing …

Asian markets drop as traders brace for key US inflation data

Oct 13 2022

Equities fell in Asia and the dollar maintained its strength Thursday ahead of the release of US inflation data that …

'Everything has collapsed': Russia's draft tanks small businesses

Oct 13 2022

In his brand new co-working space in Chelyabinsk, a city in central Russia, entrepreneur Maxim Novikov is counting the …

Finland hopes new nuclear reactor eases energy crunch

Oct 13 2022

After over a decade of delays, the deafening sound of Finland's new Olkiluoto 3 nuclear reactor finally running its …

Mideast petrolheads hope eSports takes them to the track

Oct 13 2022

Virtual cars whizz by with engines roaring, as 26 drivers vie for the top spot at an online tournament in Jordan -- many …

Fledgling union efforts at Amazon, Starbucks dig in for long fight

Oct 13 2022

Recent unionization drives at Starbucks and Amazon have lifted morale in the US labor movement, but organizers have yet …

Chaos agent Kanye West crosses line with bigoted remarks

Oct 13 2022

Kanye West has long been one of the entertainment industry's most polarizing figures, but his recent actions including …

Google allows Donald Trump's Truth Social in Play Store

Oct 13 2022

Google on Wednesday said it has allowed Donald Trump's Truth Social app in its Play Store for Android devices -- after …

Striking French refinery workers defy government threats

Oct 12 2022

Striking French oil refinery employees voted Wednesday to maintain blockades for a third week, despite a government …

Pound, UK bond yields climb on Bank of England uncertainty

Oct 12 2022

The pound rallied and UK government bond yields rose Wednesday as the Bank of England reiterated its timeframe to end a …

G7, IMF vow to support Ukraine after Russia strikes

Oct 12 2022

The G7 and IMF pledged their steadfast financial support to Ukraine on Wednesday as the country reels from Russian …

US growth slowdown 'required' to beat inflation: Fed minutes

Oct 12 2022

A slowdown of economic growth and the US job market will be "required" to bring down inflation, the Federal Reserve said …

Germany forecasts 2023 recession as energy crisis bites

Oct 12 2022

Germany will sink into recession next year and inflation will soar, the government forecast Wednesday, as Europe's top …

Finance chiefs mull Ukraine aid, Russia oil price cap at IMF talks

Oct 12 2022

Global finance chiefs were expected to discuss a proposed price cap on Russian oil and support for Ukraine on Wednesday …

Finance chiefs mull Ukraine aid, Russia oil price cap at IMF summit

Oct 12 2022

Global finance chiefs were expected to discuss a proposed price cap on Russian oil and support for Ukraine on Wednesday …

Andrew Bailey: Bank of England boss facing fresh storm

Oct 12 2022

Andrew Bailey is no stranger to economic storms as head of the Bank of England, becoming governor just as Covid was …

Workers at 3rd Amazon site in New York hold unionization vote

Oct 12 2022

Amazon workers at an upstate New York warehouse began voting Wednesday on whether to unionize in the latest labor battle …

UK to cap renewable energy company revenues

Oct 12 2022

Britain will introduce a cap on the revenues of companies that produce low-carbon electricity in an attempt to mitigate …

IMF warns against 'costly' tax cuts to fight inflation

Oct 12 2022

Soaring food and energy prices are raising the risk of social unrest, but attempting to tame costs through tax cuts, …

BoE fails to reassure over emergency intervention

Oct 12 2022

The Bank of England on Wednesday insisted it would end emergency buying of UK bonds by the weekend but sent markets into …

Idled plants fuel German angst about de-industrialisation

Oct 12 2022

The familiar plume of smoke no longer billows from one of the two chimneys at ArcelorMittal's massive steelworks in …

UK's Truss vows no spending cuts to pay for tax-slashing plans

Oct 12 2022

Britain's beleaguered Prime Minister Liz Truss vowed Wednesday not to cut public spending, once again defending last …

Sterling swings as BoE confirms end of market support

Oct 12 2022

The pound swung between gains and losses Wednesday after the Bank of England confirmed it will end its support for …

Escape from Foxconn: Workers recount Covid chaos at iPhone factory

AFP - 8m ago

Zhang Yao recalls the moment he realised something had gone deeply wrong at the Chinese mega-factory where he and …

Most Asian markets rise, dollar holds gains ahead of US jobs data

AFP - 32m ago

Most Asian investors tentatively stepped back into the markets Friday after the previous day's Federal Reserve-induced …

Twitter says layoffs to begin Friday

Nov 04 2022

Twitter said it will start laying off employees on Friday, as the new billionaire owner Elon Musk moves quickly after …

TikTok a hotbed of US election misinformation, analysts say

Nov 04 2022

Election misinformation is spreading on TikTok ahead of the US midterms despite the company's policies -- and watchdogs …

Canada sees lower deficit in updated fiscal plan, possible 2023 recession

AFP - 4h ago

Canada's government announced modest new spending in an updated fiscal plan Thursday, as windfall revenues allow it to …

Russian strikes leave 4.5 million without power in Ukraine: Zelensky

AFP - 4h ago

Ukrainian President Volodymyr Zelensky said Thursday that Russia's campaign against Ukraine's energy network has left …

Starbucks reports record sales but lower profits on weak China

AFP - 5h ago

Starbucks reported record quarterly revenues Thursday behind a strong US performance, but weak China results and …

Pound sinks, stocks mostly fall after latest central bank rate moves

AFP - 6h ago

The pound tumbled against the dollar and global stocks mostly fell Thursday as the Bank of England announced another …

At Web Summit, 'Bored Apes' emerge from swamp but remain murky

AFP - 7h ago

With a blast of "Break on Through" by The Doors and a flashy video of cartoon apes careening around a fantasy landscape, …

Grain shipments resume as G7 vows winter help for Ukraine

AFP - 3h ago

Grain shipments from Ukraine resumed Thursday after Russia quickly returned to a deal allowing their safe passage …

G7 pledges winter help for Ukraine

AFP - 8h ago

Top diplomats from the G7 on Thursday vowed to help see Ukraine through the coming winter as they held talks in Germany, …

Stellantis says 276,000 autos still have deadly Takata airbags

AFP - 7h ago

Automaker Stellantis said Thursday it is redoubling outreach to US owners of about 276,000 vehicles with dangerous …

Stock markets sink, dollar jumps

AFP - 3h ago

Stock markets around the world sank Thursday while the dollar rallied after the Federal Reserve warned US interest rates …

Bank of England warns UK may face two-year recession, hikes rate

AFP - 10h ago

The Bank of England on Thursday announced its biggest interest rate hike since 1989 to combat sky-high inflation that it …

Iran-Russia military cooperation: murky, but in Tehran's interest

AFP - 10h ago

Iran stands accused by Western powers of supplying drones to Russia for its war against Ukraine, with analysts saying …

Red Cross eyes digital emblem for cyberspace protection

AFP - 11h ago

When Red Cross staff work in conflict zones, their recognisable red-on-white emblems signal they and those they are …

Europe could face gas shortage next year: IEA

AFP - 12h ago

Europe must act immediately to prevent a shortage of natural gas next year as Russia slashes deliveries in the wake of …

Germany wrestles with economic dependence on China

AFP - 12h ago

As Chancellor Olaf Scholz travels to Beijing, policymakers and businesses at home are grappling with an existential …

Canada trade surplus doubles as wheat shipments rebound

AFP - 12h ago

Canada's trade surplus doubled to Can$1.1 billion (US$800 million) in September from the previous month as wheat …

US trade deficit widens in September as imports rise

AFP - 12h ago

The US trade gap widened in September after five straight months of decline, government data showed Thursday, on cooling …

Bank of England warns UK faces two-year recession, hikes rate

AFP - 2h ago

The Bank of England on Thursday announced its biggest interest rate hike since 1989 to combat sky-high inflation that it …

Make glasses cool with new emojis, urges UK schoolgirl

AFP - 14h ago

British schoolgirl Lowri Moore is just 13 but has achieved a lot in her short life, championing children who like her …

Bank of England delivers biggest rate hike in 33 years

AFP - 1h ago

The Bank of England delivered Thursday its biggest interest rate hike since 1989 to combat soaring inflation and warned …

Stock markets sink, dollar jumps on central bank watch

AFP - 3h ago

Asian and European stock markets sank and the dollar rallied Thursday after the Federal Reserve warned US interest rates …

Norway brings climate ambitions in line with EU

AFP - 15h ago

Norway, the largest oil producer in Western Europe, on Thursday announced it intended to cut 1990 emissions levels "at …

iPhone factory lockdown shows risks of China dependence, analysts say

AFP - 11h ago

The lockdown of Foxconn's Zhengzhou factory, the world's biggest producer of iPhones, has highlighted some of the risks …

Turkish inflation tops 85%, highest since 1997

AFP - 12h ago

Turkish inflation surged past 85 percent in October, its highest level since 1997, official data showed Thursday, as …

Bank of England set for biggest rate hike in 33 years

AFP - 3h ago

The Bank of England is widely expected to hike its key interest rate on Thursday by the biggest amount since 1989 as it …

Asia, Europe join Wall St plunge as Powell wrecks Fed pivot hopes

AFP - 2h ago

Asian and European markets sank Thursday after the Federal Reserve hiked interest rates and boss Jerome Powell suggested …

Asia joins Wall St plunge as Powell wrecks Fed pivot hopes

AFP - 1h ago

Asian markets sank Thursday after the Federal Reserve hiked interest rates and boss Jerome Powell suggested they would …

Twitter's new path unclear as Musk says 'weeks' for banned accounts' return

Nov 02 2022

The road ahead for Twitter remained as murky as ever after new owner Elon Musk said Wednesday that it could take weeks …

After lengthy slump, Boeing outlines path to comeback

Nov 02 2022

After years of stumbles and weak results, Boeing said Wednesday it expects to return at mid-decade to operational health …

Dollar gains, US stocks fall as Fed hikes rates again

Nov 02 2022

Wall Street stocks fell and the dollar gained Wednesday after the Federal Reserve announced another large interest rate …

Fed delivers another steep rate hike with more to come

Nov 02 2022

The Federal Reserve delivered another steep interest rate increase on Wednesday, as expected, with its move to cool …

Germany primes energy price cap as bills soar

Nov 02 2022

Germany on Wednesday signed off on an energy price cap, the cornerstone of a massive 200-billion-euro ($198-billion) …

Twitter could face crypto makeover, billionaire investor hints

Nov 02 2022

Social media platform Twitter could become much more entwined with cryptocurrencies and blockchain in the future, one of …

Stocks slide before expected Fed hike

Nov 02 2022

European and US stock markets slid on Wednesday, with investors on edge before another widely expected jumbo interest …

From XXX to cookery? Erotic site OnlyFans seeks to shift debate

Nov 02 2022

A year is a long time in the history of OnlyFans, an online platform where people sell erotic photos and videos to their …

Ferrari sales, earnings guidance shift higher

Nov 02 2022

Italian luxury sports car manufacturer Ferrari said Wednesday it had raised its 2022 earnings guidance after posting …

Fed poised for further US rate hike as political pressure mounts

Nov 02 2022

The Federal Reserve opened its final day of deliberations Wednesday, which is expected to bring another steep interest …

Aston Martin losses deepen despite rising car sales

Nov 02 2022

British luxury carmaker Aston Martin Lagonda on Wednesday revealed its third-quarter net losses more than doubled on …

Musk says may take 'weeks' for banned Twitter accounts to be restored

Nov 02 2022

New Twitter owner Elon Musk said Wednesday that it will be "a few more weeks" before any banned accounts -- such as that …

US private hiring posts surprise uptick in October: survey

Nov 02 2022

Private US companies hired more workers than expected in October, as restaurants and retailers stepped up hiring ahead …

Tech summit to hear Uber whistleblower testimony

Nov 02 2022

A lobbyist who leaked thousands of compromising documents on Uber will on Wednesday detail his efforts to bring change …

China imposes Covid lockdown on 600,000 people around iPhone plant

Nov 02 2022

Chinese authorities imposed lockdowns on 600,000 people in the area surrounding the world's largest iPhone factory on …

Europe stocks mainly drop before expected Fed hike

Nov 02 2022

European stock markets mostly dipped Wednesday, with investors on edge before another widely-expected jumbo interest …

'Law and order returned' Hong Kong's US-sanctioned leader tells bankers

Nov 02 2022

Hong Kong's US-sanctioned leader said political stability and business confidence have been restored following the …

In Niagara Falls, bitcoin mining brings a new roar to town

Nov 02 2022

In the US border town of Niagara Falls, residents accustomed to the soothing roar of the famous waterfalls recently …

Asian markets mixed as US data tempers Fed hopes

Nov 02 2022

Asian stocks were mixed Wednesday following losses on Wall Street as forecast-beating US data jolted hopes the Federal …

China imposes Covid lockdown on area around iPhone factory

Nov 02 2022

Chinese authorities on Wednesday locked down the area surrounding the world's largest iPhone factory after workers fled …

Top Chinese regulator urges investors to avoid foreign news

Nov 02 2022

Investors should avoid reading international press coverage of China's economy, a top Chinese securities regulator told …

Asian markets swing as US data tempers Fed hopes

Nov 02 2022

Asian stocks were mixed Wednesday following losses on Wall Street as forecast-beating US data jolted hopes the Federal …

'Law and order returned' Hong Kong's US-sanctioned leader says at banking summit

Nov 02 2022

Hong Kong’s US-sanctioned leader insisted Wednesday that political stability and business confidence in the city has …

Plea from Ukraine first lady kicks off annual tech summit in Portugal

Nov 02 2022

One of the world's biggest tech conferences will get going in Lisbon on Wednesday, after Ukraine's first lady formally …

How dubious 'local news' sites are feeding US misinformation

Nov 02 2022

When Elon Musk amplified a conspiracy theory about the hammer attack on US House Speaker Nancy Pelosi's husband, he …

Global stocks mixed on Fed hopes, China zero-Covid reports

Nov 01 2022

Global stock markets were mixed Tuesday as traders looked ahead to the US Federal Reserve's next interest rate decision …

Ukraine first lady appeals for IT workers' help

Nov 01 2022

Ukraine's first lady called on Tuesday for IT specialists to help her country by building technology that saves lives …

Uber reaches 615 mn pound tax settlement with Britain

Nov 01 2022

Uber will pay British authorities 615 million pounds (around $700 million) to settle a tax dispute following a British …

Musk announces $8 monthly charge for verified Twitter accounts

Nov 01 2022

New Twitter head Elon Musk said Tuesday the site will charge $8 per month to verify users' accounts, arguing the plan …

Wall Street chiefs to share stage with Hong Kong's sanctioned leader

Nov 01 2022

Some of the world's top bankers will attend a Hong Kong finance summit on Wednesday, defying criticism by US lawmakers …

Russia's Wagner facing UK court action over Ukraine 'terrorism'

Nov 01 2022

Lawyers in Britain on Tuesday took the first step towards what they said was "groundbreaking" legal action against …

Brazilian centrist Alckmin, Lula's big-tent bet for VP

Nov 01 2022

Known as a good administrator but dull politician, Brazil's business-friendly centrist Geraldo Alckmin is the wingman …

S.Africa will need $500 bn to reach net zero: World Bank

Nov 01 2022

South Africa, one of the world's largest greenhouse gas emitters, will require at least half-a-trillion dollars to …

Despite conflict Russia sends France giant magnet for nuclear fusion project

Nov 01 2022

Russia on Tuesday dispatched one of six giant magnets needed for the ITER nuclear fusion programme in France, one of the …

SpaceX launches Falcon Heavy rocket for first time in three years

Nov 01 2022

SpaceX launched its Falcon Heavy rocket from Florida Tuesday, the first flight since 2019 of the world's most powerful …

Uber shares surge as company says consumers still strong

Nov 01 2022

Shares of Uber rocketed higher Tuesday after it reported a surge in quarterly revenue and described consumer demand as …

US Fed starts policy meeting with further rate hike expected

Nov 01 2022

US central bankers started their two-day policy meeting Tuesday with persistently high inflation backing expectations of …

Global stocks rise on Fed optimism, China zero-Covid reports

Nov 01 2022

Global stock markets rose sharply Tuesday, as traders looked ahead to the US Federal Reserve's interest rate decision …

Pfizer lifts 2022 forecast for Covid-19 vaccine sales as profits rise

Nov 01 2022

Pfizer reported higher quarterly profits Tuesday as it lifted its full-year forecast for coronavirus vaccine sales and …

Germany's Scholz set for high-stakes China visit

Nov 01 2022

German Chancellor Olaf Scholz makes a high-stakes trip to China this week, walking a tightrope between shoring up a key …

UK's Ocado announces tie-up with S.Korea's Lotte

Nov 01 2022

British grocery delivery platform Ocado on Tuesday announced a tie-up with South Korean giant Lotte Shopping, sending …

Lufthansa to raise salaries for German cabin crew

Nov 01 2022

Lufthansa said Tuesday it had agreed a pay rise for 19,000 cabin crew members in Germany to help compensate for soaring …

Markets rally before Fed, China zero-Covid hopes boost Hong Kong

Nov 01 2022

Asian and European stock markets rose further Tuesday, as traders looked ahead to the Federal Reserve's policy decision, …

BP quarterly profit surges on high energy prices

Nov 01 2022

BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices after key energy …

'Serious blow': Ukraine commander fears loss of Starlink

Nov 01 2022

Few took Elon Musk's tweeted threat to stop funding Starlink in Ukraine as seriously as the commander in charge of …

Sony hikes net profit forecast as weak yen boosts business

Nov 01 2022

Sony raised its annual net profit and sales forecasts on Tuesday, saying the weak yen had boosted the performance of …

US publishing mega-merger blocked by federal judge

Nov 01 2022

A federal judge on Monday blocked publishing giant Penguin Random House from acquiring its competitor Simon & Schuster, …

China iPhone factory under lockdown quadruples bonuses for workers who stay

Nov 01 2022

The world's largest iPhone factory in central China told staff Tuesday it would quadruple their bonuses if they remained …

Markets extend rally, China zero-Covid hopes boost Hong Kong

Nov 01 2022

Asian and European markets rose again Tuesday, building on the strong start to the week as traders look ahead to the …

Asian markets extend rally as bargain-buyers boost Hong Kong

Nov 01 2022

Asian markets rose again Tuesday, building on the strong start to the week as traders look ahead to the Federal …

China iPhone factory under lockdown boosts bonuses for workers who stay

Nov 01 2022

The world's largest iPhone factory in central China told staff Tuesday it would quadruple their bonuses if they remained …

Toyota keeps net profit forecast despite production woes

Nov 01 2022

Toyota kept its annual net profit forecast unchanged on Tuesday as the weaker yen offsets supply-chain disruptions that …

Wall Street eyes chance of divided Washington after midterms

Nov 01 2022

With polls suggesting Republicans will retake at least one congressional chamber in next week's US elections, Wall …

Musk on the move at Twitter after takeover finalized

Nov 01 2022

Elon Musk has hit the ground sprinting after his Twitter takeover, seeking major changes to the platform only days after …

Biden threatens tax hit for 'war profiteering' oil giants

Oct 31 2022

US President Joe Biden said Monday he plans to seek tax penalties for oil companies unless they invest their record …

Twitter board dissolved, leaving Musk as sole director

Oct 31 2022

Elon Musk has become Twitter's sole director after finalizing his $44 billion purchase of the social media site and …

Markets mixed on hopes Fed will take foot off pedal

Oct 31 2022

World stocks were mixed on Monday ahead of this week's key Federal Reserve policy meeting, with investors hoping the US …

Biden threatens tax hit for oil majors who fail to lower costs

Oct 31 2022

US President Joe Biden plans to seek tax penalties for oil companies unless they invest their record profits in lowering …

Italy surprise GDP jump comes as new PM Meloni prepares budget

Oct 31 2022

Italy posted better-than-expected quarterly growth on Monday, a surprise bump for new Prime Minister Giorgia Meloni that …

Deal complete, Twitter-Musk litigants ask judge to dismiss suit

Oct 31 2022

Attorneys in the saga over Elon Musk's Twitter takeover have asked a Delaware court to dismiss the litigation following …

Covid outbreak traps visitors at Shanghai Disneyland

Oct 31 2022

Shanghai Disney Resort abruptly shut its doors Monday as Chinese authorities imposed a snap lockdown, trapping guests …

Markets mostly rise on hopes Fed will take foot off pedal

Oct 31 2022

World stocks mostly rose Monday before a key Federal Reserve policy meeting later in the week, with investors hoping for …

Bankrupt Sri Lanka's inflation dips to 66 percent

Oct 31 2022

Inflation in crisis-hit Sri Lanka dipped marginally for the first time in 12 months but prices were still an …

'Sharp' global labour market slowdown underway: UN

Oct 31 2022

The war raging in Ukraine and other overlapping crises are taking a toll on labour markets worldwide, the UN said …

Gas crisis fears recede for now as Europe stockpiles

Oct 31 2022

With prices falling and ports clogged with liquefied natural gas tankers, fears of a winter heating crisis in Europe …

Japan govt spent $43 bn to bolster yen in October

Oct 31 2022

Japan's finance ministry said Monday it spent $43 billion in October to bolster the value of the yen, which has tumbled …

Markets boosted by rate hopes ahead of Fed decision

Oct 31 2022

Most markets rose Monday ahead of a crucial Federal Reserve policy meeting later in the week, with investors hoping for …

Stellantis China Jeep joint venture to file for bankruptcy

Oct 31 2022

A Chinese joint venture producing Jeep SUVs for Stellantis will file for bankruptcy, the European carmaker said Monday, …

Hong Kong to explore legalising crypto for retail investors

Oct 31 2022

Hong Kong is "back in business" and exploring whether to legalise crypto trading by retail investors, the city’s finance …

China's factory activity contracts on Covid curbs

Oct 31 2022

China's factory activity shrank in October, official data showed Monday, after industries were hit by strict Covid …

Markets rise on rate hopes ahead of Fed decision

Oct 31 2022

Most markets rose Monday ahead of a crucial Federal Reserve policy meeting later in the week, with investors hoping for …

Hong Kong banking summit a post-pandemic sales pitch, but is anyone buying?

Oct 31 2022

Hundreds of top bankers will arrive in Hong Kong this week to hear the government's sales pitch that -- despite …