Business and Tech

In India-China crisis, an India-US bonanza in view

AFP - 36m ago

A border clash has plunged ties between India and China to their lowest point in decades. But one beneficiary looks …

US unveils tariffs on France over tech tax but delays collection

AFP - 2h ago

The United States on Friday unveiled heavy import duties on France in retaliation for the country's tax on American tech …

Facebook bans content promoting 'conversion therapy'

Jul 11 2020

Facebook on Friday said it is banning content that promotes "conversion therapy," which is based on the unfounded notion …

EU chief proposes five billion euro Brexit emergency fund

Jul 11 2020

EU Council president Charles Michel on Friday proposed setting up a five billion euro reserve fund for any unforeseen …

Amazon mistakenly tells workers to take TikTok app off phones

AFP - 2h ago

Amazon on Friday said it mistakenly sent workers an email telling them to dump the TikTok mobile application from their …

Stocks advance on hopes for virus treatment, EU deal

AFP - 4h ago

US and European stocks advanced Friday on optimism over the chances of an EU economic stimulus plan and fresh hopes for …

Amazon tells workers to take TikTok app off phones: report

AFP - 3h ago

Amazon workers were given a Friday deadline to dump the TikTok mobile application because of unspecified security …

IMF warns cutting spending too soon could derail recovery

AFP - 9h ago

As governments rushed out funding to prevent an economic collapse amid the coronavirus pandemic, global public debt …

Spying claims are latest twist in Germany's Wirecard thriller

AFP - 9h ago

The plot thickens in the spectacular collapse of payment provider Wirecard: the Austrian man at large over Germany's …

Canada unemployment drops in June, nearly 1 mn jobs created

AFP - 10h ago

Nearly one million jobs were created in Canada in June as coronavirus-linked restrictions were loosened, sending the …

Without IMF bailout, is Lebanon heading for 'hell'?

AFP - 10h ago

Talks between crisis-hit Lebanon and the International Monetary Fund are deadlocked, and leaders reluctant to enact …

Louis Vuitton quits Paris to show in China and Japan

AFP - 4h ago

Louis Vuitton is taking its men's fashion collections on the road for the first time, the luxury brand said Friday, with …

Facebook repairs bug that prompted brief app outages

AFP - 1h ago

Popular smartphone apps including Spotify and Pinterest suffered outages Friday for a few hours due to a bug in …

Twitter's Dorsey donates $3 mn to test universal basic income

AFP - 11h ago

Twitter chief executive Jack Dorsey has said he will donate $3 million to a group of US mayors to experiment with the …

US to impose but suspend tariffs on France over tech tax: official

AFP - 6h ago

The United States plans to hit France with punitive tariffs over taxes that target American tech giants, but then will …

Absence of US tourists hammers Italy's Amalfi coast

AFP - 11h ago

With its white and multicoloured houses perched on the mountainside above the crystalline waters of the Mediterranean, …

Libya oil back online after months-long shutdown

AFP - 11h ago

Libya's National Oil Company announced Friday the resumption of crude production and exports after a nearly six-month …

Stocks in wait-and-see mode ahead of earnings season

AFP - 1h ago

Global stocks and oil prices were steady Friday as investors eyed rising coronavirus infection rates and awaited next …

Outages in smartphone apps appear linked to Facebook bug

AFP - 1h ago

Popular smartphone apps including Spotify and Pinterest suffered outages Friday due to an apparent bug in Facebook's …

Data centre opened in Marseille former German U-Boat base

AFP - 15h ago

US-owned data firm Interxion on Friday opened a European data hub in the French port city of Marseille, in the unlikely …

European stocks firm but oil tanks on virus demand fears

AFP - 3h ago

European stock markets held firm Friday, but oil prices sank once more as investors wearily eyed rising coronavirus …

Hong Kong leaders, tycoons bid farewell to gaming magnate Ho

AFP - 18h ago

Hong Kong politicians, tycoons and celebrities joined grieving relatives Friday at the funeral of Stanley Ho, the …

Asian markets tumble as infection rates jump

AFP - 2h ago

Asian markets sank Friday as rising virus infection rates across the world put the brakes on the latest rally.

Bottom of the barrel: IEA sees oil output recovery

AFP - 18h ago

Oil output hit a nine-year low last month as producers reacted to the plunge in demand triggered by the coronavirus …

Fair and unlovely: India confronts dark-skin bias

AFP - 14h ago

When Chandana Hiran was a child, strangers would urge her to lighten her skin. Today the Indian student is leading a …

Dubai counts on pent-up demand for tourism comeback

AFP - 15h ago

After a painful four-month tourism shutdown that ended this week, Dubai is betting pent-up demand will see the industry …

Asian markets turn lower as infection rates jump

AFP - 4h ago

Asian markets fell Friday as rising virus infection rates in the US put the brakes on the latest rally.

Long road ahead for fully self-driving cars, despite Tesla claim

AFP - 18h ago

The road to fully self-driving vehicles remains riddled with obstacles, with years of refinements likely needed, despite …

California theme parks remain shut but hundreds flock to Disney shops

Jul 09 2020

Disney's California theme park reopening may have been thwarted by coronavirus, but hundreds lined up early Thursday to …

Global stocks mostly lower as infection numbers rattle investors

Jul 09 2020

European and US stocks finished mostly lower Thursday amid lingering worries over the coronavirus, although the Nasdaq …

Top US court rejects Trump immunity claim, orders records handed over

Jul 09 2020

The US Supreme Court delivered a blow to President Donald Trump on Thursday, rejecting his claim of immunity from …

Ireland's Donohoe takes leadership of Eurogroup amid historic recession

Jul 09 2020

Irish finance minister Paschal Donohoe was on Thursday picked as the new president of the Eurogroup, a key role as …

LATAM secures new financing to help stave off bankruptcy

Jul 09 2020

Latin America's biggest airline LATAM announced on Thursday it has secured $1.3 billion in financing from a US …

Ireland's Paschal Donohoe takes leadership of Eurogroup

Jul 09 2020

Irish finance minister Paschal Donohoe was on Thursday picked as the new president of the Eurogroup, which brings …

Paschal Donohoe: prudent penny-pincher of post-crash Ireland

Jul 09 2020

Paschal Donohoe, who was on Thursday named as the new head of the Eurogroup, has been Ireland's finance minister since …

Washington visit 'very intense': Mexican president

Jul 09 2020

Mexico's president said Thursday his visit to Washington to meet US President Donald Trump was "very intense" and …

Delta CEO: latest COVID-19 spike crushing travel demand

Jul 09 2020

After a brief uptick in flying interest this spring, the jump in US coronavirus cases has crushed travel demand during …

US Supreme Court orders release of Trump records but they may stay hidden for now

Jul 09 2020

The US Supreme Court ruled on Thursday that President Donald Trump must hand over his tax returns to New York …

Brexit disruption 'inevitable' even with deal, EU warns

Jul 09 2020

The EU said Thursday it is planning emergency measures to preserve access to some of Britain's financial services after …

Another 1.3 mn workers file for US jobless benefits

Jul 09 2020

A spike in coronavirus cases in the United States has forced some states to again close bars and restaurants, but the …

Eastern EU states slam reform of hauliers' work conditions

Jul 09 2020

Several eastern European states condemned Thursday a new EU reform of hauliers' work conditions, branding the measure …

Stock markets drop as infection numbers rattle investors

Jul 09 2020

Stock markets broke out of their earlier lethargy on Thursday to take a dive as investors worried about the damage new …

Supreme Court orders Trump financial records released to NY prosecutors

Jul 09 2020

The US Supreme Court ruled Thursday that President Donald Trump must hand over his tax returns to prosecutors in New …

Recruitment and reform -- tackling racism in US tech sector

Jul 09 2020

All of a sudden, every tech company wants a diversity consultant.

Eurozone picks new chief as pandemic recession looms

Jul 09 2020

Eurozone finance ministers, known as the Eurogroup, will elect their new president on Thursday, filling a key job just …

UK sheds thousands of retail jobs despite state aid

Jul 09 2020

British pharmacy giant Boots and UK department store group John Lewis said Thursday they would axe at least 5,300 jobs, …

YouTube doesn't need to tattle on film pirates, says top EU Court

Jul 09 2020

YouTube is not obliged to reveal private information on the identity of people posting illegal content on its platform, …

UK construction looks to cement recovery from virus woes

Jul 09 2020

Cranes whir above the affluent market town of Guildford, southwest of London, as Britain's construction sector cranks …

Stocks tread water as 'summer lull' saps energy

Jul 09 2020

Stock markets moved mostly sideways on Thursday as investors lacked key news to give them a clear direction, dealers …

Japan to limit financing of overseas coal power plants

Jul 09 2020

Japan said Thursday it would tighten rules for investment in foreign coal-fired power stations on environmental grounds, …

AirAsia to emerge stronger from pandemic: Fernandes

Jul 09 2020

AirAsia boss Tony Fernandes insisted Thursday the top budget carrier would emerge "stronger" from the coronavirus …

Musk says Tesla close to developing fully autonomous car

Jul 09 2020

Tesla founder Elon Musk said Thursday that the world's recently crowned most valuable auto company could achieve a fully …

European stocks falter as 'summer lull' saps energy

Jul 09 2020

European equities faltered Thursday in subdued trade amid a dearth of market-moving news, but Frankfurt won traction …

Back clean energy post-virus, UN chief urges leaders

Jul 09 2020

United Nations chief Antonio Guterres on Thursday urged world leaders to favour clean energy solutions as they pour …

Lithuania tests digital waters with collector coin

Jul 09 2020

With several countries pushing forward to introduce digital currencies, eurozone member Lithuania rolled out Thursday an …

Stock markets track another Wall St record on recovery hopes

Jul 09 2020

Markets rose Thursday following another record close on Wall Street as concerns about a new spike in coronavirus …

TikTok's Hong Kong exit a 'win-win' business move

Jul 09 2020

Viral video platform TikTok's withdrawal from Hong Kong is a savvy commercial move that sidesteps thorny privacy issues …

Meet Buckwheat, the donkey you can hire to crash Zoom meetings

Jul 09 2020

The coronavirus pandemic has led millions of people to embrace meetings via Zoom, but admittedly, those can be as …

Silkworms long gone, Syrian opens museum to waning craft

Jul 09 2020

After Syria's war whisked away the silkworms from his mulberry trees, 65-year-old Mohammed Saud instead turned his idle …

Nile dam dispute spills onto social media

Jul 09 2020

As Egypt, Ethiopia and Sudan struggle to resolve a long-running dispute over Addis Ababa's mega-dam project on the Nile, …

Asian markets track record Wall St lead on recovery hopes

Jul 09 2020

Most Asian markets rose Thursday following another record close on Wall Street as concerns about a new spike in …

Domestic workers among few Hong Kongers who will miss TikTok

Jul 09 2020

TikTok's exit from Hong Kong was met with a shrug among many locals who distrust the Chinese social media platform, but …

Meeting under virus cloud, US, Mexican leaders hail relations

Jul 09 2020

Mexican President Andres Manuel Lopez Obrador held talks with Donald Trump at the White House on Wednesday under the …

Facebook blocks accounts linked to Roger Stone, Brazil president

Jul 09 2020

Facebook said Wednesday it took down accounts of Roger Stone, a longtime ally of US president Donald Trump, after an …

US judge dismisses GM suit against FCA

Jul 09 2020

A US federal judge on Wednesday dismissed General Motors' lawsuit against Fiat Chrysler, citing "holes" in GM's claim …

Twitter shares take wing on plan for subscription platform

Jul 08 2020

Twitter shares closed the formal trading day up more than 7 percent after word spread of a team codenamed "Gryphon" …

Virus crisis sends Canada deficit soaring to all-time high

Jul 08 2020

The coronavirus pandemic sparked an explosion in Canada's federal budget deficit to an all-time high of CAN $343 billion …

Global stocks mixed while safe haven gold climbs

Jul 08 2020

Global stocks had a mixed session Wednesday, with Wall Street resuming a rally and European bourses retreating, as …

Trump hails 'outstanding relationship' with Mexico president

Jul 08 2020

President Donald Trump on Wednesday hailed his "outstanding relationship" with his Mexican counterpart Andres Manuel …

Virus crisis sends Canada deficit soaring

Jul 08 2020

The coronavirus pandemic sparked an explosion in Canada's federal budget deficit, which hit more than $3 billion for the …

Facebook takes down accounts linked to Trump ally Roger Stone

Jul 08 2020

Facebook on Wednesday said accounts of Roger Stone, a longtime ally of US president Donald Trump, were taken down due to …

Ryanair cabin crew agree pay cuts to save jobs

Jul 08 2020

Budget airline Ryanair has agreed to retain the jobs of all UK-based cabin crew in return for pay cuts, it was announced …

Fortnite superstar 'Ninja' takes gameplay to YouTube

Jul 08 2020

Fortnite superstar Tyler "Ninja" Blevins returned to the streaming world Wednesday with a match on YouTube, after …

Huawei urges UK not to rush into 5G decision

Jul 08 2020

Chinese telecoms giant Huawei urged Britain on Wednesday not to rush into taking any costly decision to phase out its …

United Airlines says could lay off as many as 36,000 employees

Jul 08 2020

United Airlines warned Wednesday it could lay off as many as 36,000 workers on October 1 as the US carrier fights for …

Eight contenders battle for WTO leadership

Jul 08 2020

Three last-minute contenders on Wednesday joined the race to become the next head of the beleaguered World Trade …

Kenya, US launch talks on free trade agreement

Jul 08 2020

Kenya on Wednesday launched talks to seal a free trade agreement with the United States which it hopes will transform …

Britain focuses on youth in £30bn virus package

Jul 08 2020

The UK government on Wednesday committed £30 billion ($37 billion, 33 billion euros) to saving jobs and helping the …

TikTok launches new ad platform as scrutiny increases

Jul 08 2020

Fast-growing video-sharing app TikTok on Wednesday launched a self-serve ad platform, underscoring its ambition to …

Stocks stall on virus spikes while safe haven gold climbs

Jul 08 2020

Europe's stock markets slipped for a second straight session on Wednesday, with concerns about fresh spikes in …

US launches talks with Kenya on free trade pact

Jul 08 2020

The US government formally launched talks with Kenya on Wednesday aimed at setting up a free trade agreement that could …

Boohoo shares slump over 'sweatshop' claims

Jul 08 2020

Shares in British clothing group Boohoo plunged further on Wednesday, as investors turned their backs on the company …

Facebook moves set back civil rights: audit

Jul 08 2020

Facebook has made a series of decisions that undermined civil rights, including allowing posts from President Donald …

Seven candidates battling for WTO leadership

Jul 08 2020

Seven candidates are vying to become the next head of the beleaguered World Trade Organization -- with two entering the …

ECB's Lagarde to pursue 'every avenue' to fight climate change

Jul 08 2020

European Central Bank chief Christine Lagarde on Wednesday said she would consider "every avenue available" to tackle …

Britain unveils fresh £30bn package to stimulate economy

Jul 08 2020

The UK government on Wednesday unveiled a package worth £30 billion ($37 billion, 33 billion euros) to save jobs, help …

Facebook made 'vexing' moves setting back civil rights: audit

Jul 08 2020

An independent civil rights audit of Facebook released Wednesday expressed worry about "heartbreaking" and "vexing" …

EU's energy plan backs hydrogen, but NGOs sense 'hype'

Jul 08 2020

The EU wants to put hydrogen at the centre of its ambition to achieve a carbon neutral Europe by 2050, its executive arm …

Stocks falter as safe haven gold climbs above $1,800

Jul 08 2020

Stock markets mostly extended losses Wednesday, with concerns about fresh spikes in coronavirus infections helping haven …

AirAsia's future in doubt due to virus; share price tumbles

Jul 08 2020

The future of top regional budget carrier AirAsia is in "significant doubt" after the collapse in travel demand caused …

Quick economic rebound possible for France: stats office

Jul 08 2020

France's statistics office unveiled Wednesday survey data that shows there is a chance the country's economy could …

Equity markets mixed as virus fears dampen sentiment

Jul 08 2020

Asian markets were mixed Wednesday following the previous day's sharp drop, with optimism about the reopening of …

Facebook ad boycott organizers say no progress on hate speech

Jul 08 2020

Organizers of a Facebook ad boycott vowed to press on with their campaign, saying the social network's top executives …

Cambodia's tourist hotspot bans dog meat trade

Jul 08 2020

The Cambodian tourist town of Siem Reap has banned the dog meat trade, a victory for animal rights campaigners who …

AirAsia's future in doubt due to virus: auditor

Jul 08 2020

Malaysian budget carrier AirAsia's future is in "significant doubt" due to the collapse in demand for air travel caused …

Six candidates battle it out for WTO leadership

Jul 08 2020

Six candidates are vying to become the next head of the World Trade Organization -- an institution which faced mammoth …

Mexican leader in rare trip to see Trump under virus cloud

Jul 08 2020

Mexico's leader is paying his first foreign visit Wednesday in the unlikeliest of circumstances -- in the midst of the …

Virus crisis threatens to set back oil platform decommissioning

Jul 08 2020

Oil companies are being forced to cut spending due to a fall in global oil prices, threatening funds earmarked to …

With social media in tumult, startup Parler draws conservatives

Jul 08 2020

Amid rising turmoil in social media, recently formed social network Parler is gaining with prominent political …

Export gloom sours Pakistan's prized mango season

Jul 08 2020

Dwindling harvests, drooping demand and export supply chains hit by the coronavirus are biting into Pakistan's mango …

Most Asian equities fall again as virus fears dampen sentiment

Jul 08 2020

Asian markets stuttered again Wednesday following the previous day's sharp drop, with optimism about the reopening of …

Malnutrition in poorer nations costs firms up to $850 bln: study

Jul 08 2020

Hunger, poor nutrition and obesity not only present a health burden in developing countries but carry a hidden economic …