Business and Tech

Facebook nixes billions of fake accounts

AFP - 1h ago

Facebook on Wednesday said it has taken down some 5.4 billion fake accounts this year in a sign of the persistent battle …

South African Airways cancels flights ahead of strike

AFP - 2h ago

South African Airways (SAA) said Wednesday it was cancelling all its flights as thousands of workers vowed to press …

Stocks hit by trade doubts, Hong Kong unrest

AFP - 2h ago

Soaring Disney shares lifted Wall Street to fresh records on Wednesday while stocks elsewhere in the world sagged as new …

UAW leader unveils ethics reforms after corruption probe

AFP - 3h ago

Wracked by corruption scandals in the powerful union, the interim leader of the United Auto Workers on Wednesday …

Trump says will make decision on auto tariffs 'very soon'

AFP - 4h ago

President Donald Trump said Wednesday he will announce his decision on tariffs on imported autos "very soon."

US household debt nears $14 tn in Q3: NY Fed

AFP - 5h ago

Borrowing by American households rose for the 21st straight quarter in the July-September period and is more than $1 …

Fed's Powell urges Congress to focus on debt, deficit

AFP - 5h ago

Federal Reserve chief Jerome Powell urged Congress on Wednesday to take action on the rising US debt and deficit to …

Disrupting the disruptor: Disney+ signs up 10 mn in day

AFP - 5h ago

Walt Disney Co.'s new streaming television service Disney+ got off to a roaring start by signing up 10 million …

Canada spy agencies split over proposed Huawei 5G ban: media

AFP - 6h ago

Canada's spy agencies are divided over whether or not to ban Chinese technology giant Huawei from fifth generation (5G) …

Disney+ streaming service gets 10 mn subscribers at launch

AFP - 1h ago

Walt Disney Co. said Wednesday it signed up 10 million subscribers for Disney+ within a day of launching its new …

Promise and peril for German carmakers in Tesla's Berlin touchdown

AFP - 8h ago

Hopes are high that US electric pioneer Tesla's first European factory just outside Berlin will boost German carmakers, …

South African Airways workers to strike over mass layoff plans

AFP - 6h ago

Thousands of workers at South African Airways (SAA) will launch an indefinite strike on Friday, unions said, after the …

Fed's Powell expects 'sustained expansion' of US economy

AFP - 3h ago

The US economy is likely to continue to grow but faces continued risks from the global slowdown and trade disputes, …

Hot gasoline prices warm up US inflation in October

AFP - 9h ago

A flare-up in US fuel prices in October sparked the biggest bump consumer inflation in seven months, but other price …

German air force rejects delivery of two Airbus planes

AFP - 9h ago

Germany's air force said Wednesday it had refused delivery of two Airbus A400M transport planes over technical faults, …

Female director numbers growing in UK: study

AFP - 10h ago

The number of female directors at top UK companies increased in 2019 but more is needed to correct an overall gender …

IEA says world needs 'laser-like focus' to bring down emissions

AFP - 12h ago

The world must do much more to slash emissions if it is to defuse the climate change time bomb and deliver sustainable …

Algerian energy law fuels anger on streets

AFP - 13h ago

A draft law on Algeria's oil and gas sector has been met with hostility by an anti-regime protest movement that fears …

Asian markets hit by trade uncertainty, Hong Kong flares up again

AFP - 3h ago

Asian markets sank on Wednesday after US President Donald Trump failed to reassure investors over the progress of China …

Hong Kong stocks sink as violent unrest hits city

AFP - 7h ago

Hong Kong stocks plunged Wednesday as investors braced for further unrest following days of violent protests that have …

Paris e-scooters under pressure to prove green credentials

AFP - 15h ago

Pulling on makeshift roped hooks along a sun-drenched bank of the Seine River in Paris, Youva Hadjali and Edison Gompo …

Fear stoked by Chinese-funded port and SEZ in Myanmar's Rakhine

AFP - 19h ago

Aung Gyi is forced to fish covertly under the shroud of night in western Myanmar waters as China bids to transform the …

China retail giant Alibaba given OK for huge Hong Kong listing

AFP - 14h ago

Chinese online retail titan Alibaba has been given the go-ahead to list shares in Hong Kong, reports said Wednesday, in …

Musk announces new Tesla factory will be in Germany

AFP - 10h ago

A new Tesla auto factory to serve the European market will be based in Germany, chief executive Elon Musk said Tuesday.

Under-pressure West African dairy farmers swap ideas in France

AFP - 15h ago

There is little that farmers in the Sahel need to know about the art of survival.

The coffee conundrum: consumption is up but trade prices are low

AFP - 16h ago

Despite a steady increase in coffee consumption around the world, trade prices have fallen dramatically in the past …

Sahel gold boom boosting jihadist coffers: ICG

AFP - 11h ago

Sahel gold mines are providing a new source of funding for jihadists and other armed groups and attracting recruits for …

Chinese takeover marks new chapter in history of British Steel

AFP - 14h ago

A Chinese buy-out marks a new chapter in the tumultuous history of steelmaking in the United Kingdom, which has been …

Asian markets hit by trade uncerainty, Hong Kong tanks again

AFP - 4h ago

Asian markets sank on Wednesday after Donald Trump failed to give investors enough reassurance over the progress of …

Chinese scientists pleads guilty to technology theft

Nov 12 2019

A Chinese scientist pleaded guilty on Tuesday to stealing next-generation battery technology from the American petroleum …

Stocks tick higher while Trump offers little clarity on trade war

Nov 12 2019

Global stock markets edged higher on Tuesday, despite some disappointment that US President Donald Trump did not provide …

Art meets AI: computer-generated works set for New York sale

Nov 12 2019

Two paintings up for auction in New York highlight a growing interest in artificial intelligence-created works -- a …

Trump hails economic boom, says China trade deal is 'close'

Nov 12 2019

President Donald Trump on Tuesday took credit for an American economic renaissance but was greeted by another salvo from …

Chilean peso drops to historic low amid weeks-long crisis

Nov 12 2019

Chile's currency dropped more than three percent on Tuesday to a record low of 784 pesos to the dollar after weeks of …

Trump hails economic boom as industry attacks trade war

Nov 12 2019

President Donald Trump on Tuesday took credit for an American economic renaissance but was greeted by another salvo from …

Facebook messaging apps getting unified payment system

Nov 12 2019

Facebook on Tuesday said it is consolidating the system that handles payments at the social network and in its family of …

Trump trade war endangers 1.5 mn jobs: CA ports study

Nov 12 2019

The US-China trade war threatens almost 1.5 million jobs across the United States that depend on the movement of goods …

'Historic' Disney+ streaming launch marred by glitches

Nov 12 2019

Disney flung open its vast archive with the arrival of its much-hyped new television streaming service Tuesday, but the …

Zimbabwe issues fresh banknotes to ease cash shortages

Nov 12 2019

Zimbabwe's central bank injected new banknotes and coins into the cash-strapped economy on Tuesday to ease chronic …

EU must boost spending in space or be squeezed out: experts

Nov 12 2019

The EU needs to boost space funding and improve its strategy to compete with military superpowers and smaller upstarts, …

Stock markets tick higher awaiting Trump speech

Nov 12 2019

European stock markets closed higher on Tuesday, helped by speculation that US President Donald Trump will postpone a …

Branson apologises to S.Africa for racially exclusionary tweet

Nov 12 2019

British billionaire and Virgin founder Richard Branson apologised on Tuesday for posting a picture on Twitter he …

EU court says Israel settlement goods must be labelled

Nov 12 2019

The EU's top court ruled Tuesday that food products from occupied Palestinian territories must be labelled as such, …

Glitches mar launch of Disney+ streaming service

Nov 12 2019

A big launch for the Disney+ streaming service Tuesday was marred by glitches which prevented many customers from …

Russia wants end to embargo on C.Africa diamonds

Nov 12 2019

Russia backs lifting an embargo on diamond exports from the Central African Republic, the deputy finance minister said …

Setback for India PM's party as financial capital placed under direct rule

Nov 12 2019

India's financial capital was plunged into political uncertainty Tuesday after the president imposed direct rule on …

European stock markets climb, as pound falls back

Nov 12 2019

European stock markets rose Tuesday, helped by speculation that US President Donald Trump will defer a tariffs decision …

Crisis-hit Nissan chops forecasts, net profit worst for a decade

Nov 12 2019

Crisis-hit Japanese automaker Nissan Tuesday slashed its full-year forecast for both sales and profit as it struggles …

Chicken 'billionaire' Poland is Europe's poultry king

Nov 12 2019

In what looks like a Niagara Falls of yellow feathers, thousands of chicks cascade down a conveyor belt in central …

Nissan slashes full-year forecast as first-half profit falls

Nov 12 2019

Crisis-hit Japanese automaker Nissan Tuesday slashed its full-year forecast for both sales and profit as it struggles …

Asian markets mostly up as trade news awaited, Hong Kong rises

Nov 12 2019

Asian markets broadly rose Tuesday with investors keeping tabs on the latest developments in the China-US trade talks, …

Chinese consumers smash 'Singles' Day' shopping record

Nov 12 2019

Chinese shoppers set new records for spending during the annual "Singles' Day" buying spree despite an economic slowdown …

Asian markets mixed as dealers await trade news, Hong Kong rises

Nov 12 2019

Asian markets were mixed in early trade Tuesday with investors keeping tabs on the latest developments in the China-US …

Uber chief walks back comment about murder of Saudi journalist Khashoggi

Nov 12 2019

Uber chief Dara Khosrowshahi apologized on Monday after he called the assassination of Saudi journalist Jamal Khashoggi, …

Global stock markets start week in reverse gear

Nov 11 2019

Stock markets mostly slid on Monday as traders reacted to worries about a US-China trade deal, renewed unrest in Hong …

Boeing says 737 MAX expected to resume flying in January

Nov 11 2019

Boeing on Monday said it expects the 737 MAX airplane, which was grounded after two crashes killed 346 people, to resume …

Trump announces industry talks to resolve vaping 'dilemma'

Nov 11 2019

US President Donald Trump said Monday he plans to meet with vaping industry representatives as he considers whether to …

SpaceX sends up 60 mini-satellites with plans for thousands more

Nov 11 2019

The private SpaceX company on Monday launched a second set of mini-satellites as it builds a huge constellation of the …

Uzbekistan looks to soften image of notorious cotton sector

Nov 11 2019

For years, nurse Shokhidakhon Khasanova was signed out of hospital every autumn to spend weeks labouring in Uzbekistan's …

Canadian legion asks Fortnite gamers for pause to honor war dead

Nov 11 2019

No bullets, no bombs. Players of the hugely popular online game Fortnite were encouraged to pause for a moment of …

World Bank scales back Uighur school project in China

Nov 11 2019

The World Bank announced Monday it was cutting back a vocational education project in China's Xinjiang province, even …

Stock markets start week in reverse gear

Nov 11 2019

Stock markets mostly slid on Monday as traders reacted to fading US-China trade deal hopes, renewed unrest in Hong Kong, …

Capsule living: a 'cheap' option for young people flocking to LA

Nov 11 2019

Kay Wilson packed up her life in a hurry and moved to Los Angeles... only to find that what she paid in Pennsylvania for …

China's Jingye forges rescue deal for British Steel

Nov 11 2019

Chinese industrial giant Jingye Group has agreed to buy bankrupt British Steel for an undisclosed amount, the official …

Stock markets kickstart week with some heavy losses

Nov 11 2019

Stock markets mostly slid on Monday as traders reacted to fading US-China trade deal hopes, renewed unrest in Hong Kong, …

UK economy avoids recession with 0.3% quarterly growth

Nov 11 2019

Britain's economy avoided recession in the third quarter, official data showed Monday, but there were signs of slowing …

Greece 'natural ally' in boosting trade: China's Xi

Nov 11 2019

Greece is a "natural ally" in China's global trade expansion plans, Chinese President Xi Jinping said Monday during a …

What slowdown? Chinese shoppers set new 'Singles' Day' spending record

Nov 11 2019

Chinese consumers spent a record amount on Alibaba platforms Monday during the annual "Singles' Day" buying spree, the …

Adidas shifts German, US smart factories to Asia

Nov 11 2019

Sportswear maker Adidas announced Monday it was closing two niche but flagship factories in Germany and the United …

China's Jingye Group set to buy British Steel: source

Nov 11 2019

British Steel was Monday set to announce a rescue deal by Chinese industrial giant Jingye Group, a source close to the …

Asian markets down on trade uncertainty, unrest hits Hong Kong

Nov 11 2019

Asian markets turned lower on Monday as another record close on Wall Street was overshadowed by uncertainty on the …

Iran says new oil find adds only 22 bln barrels to reserves

Nov 11 2019

Iran's oil minister said Monday that an oil field whose discovery President Hassan Rouhani announced at the weekend adds …

What slowdown? Chinese spend big in 'Singles' Day' shopping spree

Nov 11 2019

Chinese consumers closed in on a new spending record Monday during the annual "Singles' Day" frenzy, the world's biggest …

Chinese consumers spend billions in 'Singles' Day' shopping spree

Nov 11 2019

Chinese customers spent billions of dollars during the opening hours of the country's annual "Singles' Day" frenzy …

China's Xi holds talks in Greece en route to BRICS summit

Nov 11 2019

Chinese President Xi Jinping on Monday holds talks in Greece, where he is eagerly awaited by the new pro-business …

A century and half on, Suez Canal is 'lifeline' for Egypt

Nov 11 2019

One hundred and fifty years after the Suez Canal opened, the international waterway is hugely significant to the economy …

Egypt discreetly marks Suez Canal's 150th anniversary

Nov 11 2019

Since the Suez Canal was inaugurated amid pomp and ceremony 150 years ago, it has become one of the world's most …

WWII film 'Midway' tops N.American box office

Nov 10 2019

"Midway," a new take on the pivotal naval battle between the US and Japan in the Pacific during World War II, opened …

Tech juggernaut Saudi Aramco faces new test: shareholders

Nov 10 2019

From robots to sniffer drones, Saudi Aramco has ramped up spending on technological innovation while its rivals cut back …

Russian e-commerce booms despite economic doldrums

Nov 10 2019

Moscow photographer Galina Goryushina says that online shopping has changed her life.

Trundling into trouble: Singapore targets e-scooters after accidents

Nov 10 2019

Tiny Singapore had embraced electric scooters in a big way, but deaths and fires linked to the two-wheelers have …

China's Xi arrives in Athens to 'deepen cooperation'

Nov 10 2019

Chinese President Xi Jinping touched down in Athens on Sunday, for a three-day visit looking at "a deeper cooperation …

Balkans leaders discuss common market after EU snub

Nov 10 2019

Albania, North Macedonia and Serbia discussed setting up a common market at a summit Sunday, weeks after the European …

Dubai property giant Emaar bucks downturn with profit bump

Nov 10 2019

Dubai construction and hospitality giant Emaar Properties on Sunday reported a rise in interim profit results, posting …

Saudi Aramco outlines risks and strengths ahead of IPO

Nov 10 2019

Energy giant Saudi Aramco, the world's largest company, has lifted the lid on its secretive operations in a prospectus …

Iran announces discovery of massive oil field

Nov 10 2019

Iran has discovered a massive new oil field, President Hassan Rouhani said Sunday, a find that would boost its proven …

Iran says oil field found with 53 bln barrels of crude

Nov 10 2019

Iran has discovered a new oil field containing 53 billion barrels of crude, President Hassan Rouhani said Sunday, a find …

Saudi Aramco to launch giant stock offering November 17

Nov 10 2019

Saudi Aramco said it would start taking bids from investors on November 17 in a highly anticipated stock offering, as it …

Saudi Aramco's record IPO starts Nov 17, prospectus says

Nov 10 2019

Saudi Aramco's much-anticipated initial public offering will begin on November 17, the company's prospectus said, …

China's hottest investment: overpriced sneakers

Nov 10 2019

Forget stocks, real estate, even cryptocurrencies -- China's hottest investment nowadays may be the Nike, Adidas, and …

Greece speeds up 'Golden Visa' scheme for Chinese investors

Nov 10 2019

Chinese investor Jiang Rungong, who moved to Greece three years ago, says he and his family could not be happier in …

Nigeria targets oil companies for a greater share of profits

Nov 10 2019

In a move Nigeria's president hailed as a "landmark moment", Africa's largest oil producer approved legislation this …

Apple Card probed for alleged gender discrimination

Nov 10 2019

A New York financial regulator said Saturday it is investigating claims of gender discrimination by the new credit card …

After strike, scandal, US auto union faces reckoning

Nov 10 2019

All fall, as the United Auto Workers launched and ended a lengthy strike amid contract talks with Detroit's "Big Three" …

Fuel shortage, price hikes squeeze protest-hit Lebanon

Nov 10 2019

A rationing of dollars by banks in protest-hit Lebanon sparked growing alarm on Saturday as some petrol pumps ran dry …

Saudi Aramco stock offering to launch November 17

Nov 10 2019

Saudi Aramco announced in a prospectus Saturday that its much-anticipated initial public offering will begin on November …

Egypt's inflation lowest in nearly a decade

Nov 09 2019

Egypt's inflation rate dropped to the lowest level in nearly a decade last month, official figures showed Saturday, as …

Chinese inflation hits highest rate since 2012

Nov 09 2019

China's consumer prices grew at their fastest rate in almost eight years in October driven by a spike in pork prices …

Instagram test of hiding 'likes' spreading to US

Nov 09 2019

Instagram chief Adam Mosseri on Friday said that a test of hiding "likes" at the image and photo sharing social network …

Twitter spy case highlights risks for big tech platforms

Nov 09 2019

The allegations of spying by former Twitter employees for Saudi Arabia underscore the risks for Silicon Valley firms …

Americans have more debt, need family help to buy homes: report

Nov 09 2019

Americans are waiting longer to buy their first homes, have more debt and more often need family help to make the …

Moody's downgrades Britain debt outlook to negative

Nov 09 2019

Credit ratings agency Moody's on Friday downgraded the outlook for Britain's debt, citing mounting policy challenges …