Business and Tech

Russia backs OPEC oil output hike

AFP - 6h ago

Russia on Saturday joined an OPEC-led pledge to boost oil production in response to growing global demand, capping a …

China's Xiaomi targets Europe as it kicks off IPO

AFP - 11h ago

Chinese smartphone maker Xiaomi will aggressively target European markets, using part of the proceeds from its initial …

Global stocks mostly climb despite rising trade tensions

AFP - 23h ago

World stock markets mostly climbed Friday despite rising trade tensions, with petroleum-linked shares gaining after OPEC …

Greece hails 'historic' deal to end debt crisis

AFP - 24h ago

Greek Prime Minister Alexis Tsipras on Friday hailed an agreement by Eurozone ministers that will put an end to the …

Saudis say 12,000 pirating devices seized amid Qatar rift

AFP - Jun 22 2018

Saudi Arabia has said it has confiscated more than 12,000 pirating devices in the country, after rival Qatar's beIN …

Greece 'turning a page' as eurozone declares crisis over

AFP - 2h ago

Greek Prime Minister Alexis Tsipras on Friday said his country was "turning a page" after eurozone ministers declared …

Airbus warns could leave UK if no Brexit deal

AFP - Jun 22 2018

Aviation giant Airbus has warned it could pull out of Britain if it leaves the European Union without a deal, upping the …

US Supreme Court says warrant needed to get cell phone location data

AFP - Jun 22 2018

In a landmark digital privacy case, the US Supreme Court ruled Friday that police need a warrant before obtaining cell …

Stock markets shrug off opening salvos in trade war

AFP - 5h ago

World stock market rose Friday, seemingly unworried by a global trade war that got underway when Brussels slapped …

EU slaps tariffs on US as trade war erupts

AFP - 20h ago

The European Union slapped revenge tariffs on iconic US products including bourbon, jeans and motorcycles on Friday in …

International trade wars: a timeline

AFP - 16h ago

The snowballing trade war between the United States and the European Union is the latest in a string of global disputes …

Defusing row, OPEC agrees to output rise

AFP - Jun 22 2018

OPEC energy ministers on Friday said they would be putting more oil onto the market to meet "extra demand", reaching a …

European car shares skid after Trump tariff threat

AFP - Jun 22 2018

Shares in European Union car manufacturers fell on Friday after US President Donald Trump threatened to impose a 20 …

More 'inclusive' reforms could boost eurozone economy: ECB

AFP - Jun 22 2018

Eurozone countries could boost growth and employment by tackling more "inclusive" reforms to their economies, according …

GM to build new SUV in Mexico

AFP - Jun 22 2018

General Motors confirmed Friday that it will produce a new sport-utility model in Mexico, despite President Donald …

Ireland, Portugal, Spain and Cyprus: other EU bailouts

AFP - Jun 22 2018

The bailout of Greece, where eurozone ministers have declared a severe debt crisis to be over, is the biggest, but not …

European stocks shrug off opening salvos in trade war

AFP - 1h ago

European stock market rose Friday despite the eruption of a global trade war after Brussels slapped retaliatory tariffs …

OPEC on tightrope as output target talks prompt clash

AFP - 3h ago

OPEC energy ministers scrambled to hammer out a compromise on oil output policy Friday as they debated a Saudi proposal …

France eases rules on wine stocks to mitigate weather risks

AFP - Jun 22 2018

French vineyards will be allowed under new rules to hold back more of their production each year to protect them in case …

Chinese island eyes oasis from web censorship for foreigners

AFP - 4h ago

China's Hainan island has proposed allowing foreign visitors access to censored websites such as YouTube and Facebook, a …

Trade conflict already sapping German economy

AFP - Jun 22 2018

An industrial powerhouse built on massive exports and a gigantic car industry, Germany is among the nations most …

Chile wants to start taxing companies like Uber and Netflix

AFP - 4h ago

Chile wants to start taxing digital giants like Uber, Spotify and Netflix to level the playing field for their more …

Greece 'turning a page' as eurozone agrees debt relief

AFP - 11m ago

The Greek government on Friday said the country was "turning a page" after eurozone ministers declared its crisis over …

Asian traders end brutal week cautiously as trade fears simmer

AFP - 1h ago

Asian investors ended a tumultuous week on a cautious note Friday as the prospect of a debilitating global trade war …

Electric scooter-sharing moves into the fast lane

AFP - Jun 22 2018

How fast is the electric scooter-sharingcraze growing?

Baron Empain, survivor of brutal 1978 kidnapping, dies at 80

AFP - 3h ago

Leading Franco-Belgian industrialist Baron Edouard-Jean Empain, whose brutal kidnapping in France in 1978 made …

Asian traders on course to end painful week with losses

AFP - 4h ago

Asian investors were on course to end a tumultuous week with more losses on Friday as the prospect of a debilitating …

OPEC showdown looms as Iran, Saudi argue over output hike

AFP - 8h ago

OPEC ministers are bracing for a stormy meeting in Vienna Friday where they will discuss a Saudi proposal to hike oil …

Airbus warns could leave Britain if no Brexit deal

AFP - 6h ago

European aviation giant Airbus warned Thursday it could be forced to pull out of the UK if Britain leaves the European …

Greece crisis declared 'over' as eurozone agrees debt relief

AFP - 7h ago

Eurozone ministers declared the end of the Greek debt crisis early Friday agreeing debt relief and a big cash payout for …

Japan inflation stuck at 0.7% in May, way below target

AFP - Jun 21 2018

Japanese inflation was stagnant in May, government data indicated Friday, and still far below target as the Bank of …

Greece creditors agree debt relief in bailout exit deal

AFP - 1h ago

Eurozone ministers agreed debt relief and a big cash payout for Greece early Friday, part of a broad exit deal that will …

OPEC rift deepens ahead of crucial meeting

AFP - 3h ago

Iran's oil minister walked out of a key meeting with OPEC peers on Thursday, as a rift deepened with regional rival …

Trade war fears weigh on stocks as Dow falls for 8th straight day

AFP - 12h ago

Global stock markets fell Thursday on escalating trade tensions with a profit warning from Daimler tied to US-China …

Intel CEO Krzanich resigns over relationship with employee

AFP - 13h ago

Intel chief executive Brian Krzanich has resigned over a "past consensual relationship" with an employee that violated a …

Largest US banks would survive recession: US Fed

AFP - 1h ago

The largest US banks are "strongly capitalized" and would survive a severe global economic recession, the Federal …

OPEC rift deepens as Iran walks out of key meeting

AFP - 2h ago

Iran's oil minister walked out of a key meeting with OPEC peers on Thursday, as a rift deepened with regional rival …

Top US court gives states broad rights for online sales tax

AFP - 19h ago

The Supreme Court ruled Thursday that US states have broad rights to tax online sales of goods and services, reversing …

Mexico hikes interest rate amid uncertainty

AFP - 9h ago

Mexico's central bank raised its key interest rate Thursday to 7.75 percent, citing a drop in the peso and uncertainty …

Doubts emerge over Franco-German eurozone reforms

AFP - Jun 21 2018

Opposition emerged Thursday to a Franco-German plan to create a special eurozone budget, with fears that the idea was …

Deutsche Telekom says will slash 10,000 jobs at subsidiary

AFP - 16h ago

Deutsche Telekom said Thursday it would slash 10,000 jobs worldwide at its loss-making IT services subsidiary in the …

Electric scooters launch in Paris, to spread in Europe

AFP - 8h ago

The boulevards of Paris, already bustling with a dizzying range of transport devices, are set to feature a new shared …

Luxury sneakers: high style and a booming market

AFP - 10h ago

Christian, aged 10, has 20 pairs of high-end sneakers in his closet at his home in the suburbs of New York.

OPEC inches towards oil output deal ahead of key meeting

AFP - 3h ago

OPEC energy ministers expressed optimism Thursday they were nearing a compromise on oil output policy, with Saudi Arabia …

China's Xi denounces 'protectionism, isolationism and populism'

AFP - 14h ago

Chinese President Xi Jinping Thursday lambasted "protectionism, isolationism and populism" and again vowed to open up …

Buenos Aires stock exchange soars 8.6 percent on IMF deal

AFP - 6h ago

The Buenos Aires stock exchange soared more than 8.6 percent at opening on Thursday on news of the formal approval of …

Supreme Court says US states can tax online sales

AFP - 1h ago

The US Supreme Court ruled Thursday that American states had the right to tax internet sales of goods and services.

Supermarkets must help end 'brutal conditions' for farmers: Oxfam

AFP - 8h ago

Supermarkets in the West are using their purchasing power to force suppliers to cut their prices, contributing to …

EU 'won't limit strike rights' in air traffic control row

AFP - 23h ago

The EU on Thursday vowed not to limit air traffic controllers' right to strike, after Ryanair and IAG demanded action to …

Facebook expands fact-check effort to photos, videos

AFP - 6h ago

Facebook said Thursday it would launch fact-checking of photos and videos as it expands the effort to curb …

US jobless claims fall for fourth straight week

AFP - 24h ago

US claims for unemployment fell for the fourth week in a row last week, extending an unprecedented streak of low levels, …

French crystal maker Baccarat joins Chinese magnate's collection

AFP - 24h ago

A Chinese businesswoman who is an avid buyer of Baccarat glassware added the famed French crystal maker to her …

Greece nears end to 8-year bailout odyssey

AFP - 7h ago

Eurozone ministers on Thursday neared an agreement to set the terms of Greece's departure from eight years of bailout …

End of driving ban to boost Saudi women's economic role

AFP - 6h ago

The end of a decades-old female driving ban is expected to bring an economic windfall for millions of Saudi women, …

Bank of England edges nearer possible August rate hike

AFP - 2h ago

The Bank of England left its key interest rate at 0.50 percent in an announcement Thursday following a regular meeting, …

Germany pockets 2.9 bn euros from Greece bailouts

AFP - 3h ago

Germany has earned some 2.9 billion euros ($3.5 billion) since 2010 on Greek debt bought to help the struggling country, …

Bank of England keeps key rate at 0.50%

AFP - 48m ago

The Bank of England left its key interest rate at 0.50 percent in an announcement Thursday following a regular meeting, …

Chinese fund buys French crystal maker Baccarat

AFP - 5h ago

The storied French crystal maker Baccarat, founded by Louis XV more than 250 years ago, said Thursday that a Chinese …

North Korean airline plans new route to China's Xian

AFP - 3h ago

North Korea's national airline Air Koryo plans to open a new route linking Pyongyang and Xian in China, a staff member …

Saudi bourse joins MSCI emerging market index

AFP - 3h ago

The Saudi stock exchange, Tadawul, has been upgraded to the status of an emerging market by global index provider MSCI, …

Easy as A, B, Xi: China gives economic lessons to North Korea

AFP - 11h ago

Chinese President Xi Jinping has coached his North Korean counterpart Kim Jong Un on high-stakes diplomacy. Now he seems …

Asian markets reverse on lingering trade war fears

AFP - 7h ago

Asian markets mostly fell on Thursday, with Shanghai and Hong Kong leading the way, with an early rally overcome by …

Asian markets reverse on ligering trade war fears

AFP - -12m ago

Asian markets mostly fell on Thursday, with Shanghai and Hong Kong leading the way, with an early rally overcome by …

Monsanto faces first US trial over Roundup cancer link

AFP - 9h ago

In the first trial of its kind, a Californian dying of cancer is suing US agrochemical giant Monsanto, claiming its …

Xiaomi lowers target as it kicks off IPO

AFP - 8h ago

Chinese smartphone maker Xiaomi kicked off its initial public offering Thursday but the firm is likely to pull in about …

Asian markets edge up as calm returns but fears remain

AFP - 4h ago

Asian markets edged up tentatively Thursday as a sense of stability returns after the turmoil earlier in the week, …

Eurozone ministers seek end to Greece bailout odyssey

AFP - 10h ago

Eurozone ministers will on Thursday try to resolve their differences over the terms of Greece's departure from its …

IMF greenlights three-year $50 bn Argentina aid program

AFP - 5h ago

The International Monetary Fund on Wednesday formally approved a $50 billion aid package intended to help Argentina …

Critics want to revoke Trump Hotel's liquor license

AFP - 15h ago

Religious leaders and former judges filed a complaint Wednesday asking Washington authorities to revoke the Trump …

Daimler cuts profit forecast, blaming US-China tariffs

AFP - 14h ago

German luxury carmaker Daimler on Wednesday cut its profit forecast for 2018, blaming new tariffs on cars exported from …

Brazil maintains key interest rate at 6.5%

AFP - 13h ago

Brazil's central bank maintained its key interest rate at 6.5 percent Wednesday, as expected, with inflation considered …

With a billion users, Instagram takes on YouTube in video

AFP - 12h ago

Instagram said Wednesday it now has more than one billion active users, as it unveiled a new long-form video feature in …

Global stocks mixed amid lingering trade war fears

AFP - 6h ago

World stock markets were a mixed bag on Wednesday as some investors fished for bargains and others gave in to anxiety …

Bloomberg hopes his millions help Democrats win back Congress

AFP - 15h ago

Disappointed with President Donald Trump's Republican Party, former New York mayor Michael Bloomberg said Wednesday he …

'Strong' case for further rate hikes: Fed's Powell

AFP - 12h ago

Historically low unemployment and signs of rising inflation mean there is a "strong" case for continued, steady interest …

Facebook's Instagram has more than a billion users

AFP - 7h ago

Instagram said Wednesday it now has more than one billion active users, highlighting surging growth at the …

Former Irish bank chief jailed over crisis-era fraud

AFP - 4h ago

A judge on Wednesday jailed a former head of Anglo Irish Bank for six years for carrying out fraud at the start of the …

'Reason will prevail' at tense OPEC meet, says Saudi minister

AFP - 18h ago

Saudi Arabia's energy minister on Wednesday said he was convinced OPEC members would "do the right thing" and agree to …

US lawmakers hammer commerce secretary Ross over trade

AFP - 4h ago

Indignant US lawmakers on Wednesday grilled Commerce Secretary Wilbur Ross on President Donald Trump's multi-front trade …

Airlines to complain to EU over French strikes

AFP - 15h ago

Budget carrier Ryanair and British Airways owner IAG said Wednesday they will file a complaint to the EU over what they …

Deutsche Bank fined $205 mn in US for forex manipulation

AFP - 19h ago

US officials fined embattled German banking giant Deutsche Bank $205 million in a settlement to resolve foreign exchange …

Disney boosts Fox bid to $71.3 bn to counter Comcast

AFP - 9h ago

Disney raised its offer for key assets of 21st Century Fox on Wednesday to $71.3 billion to counter a rival bid from …

ECB's Draghi 'welcomes' France-Germany eurozone reform plan

AFP - 17h ago

European Central Bank President Mario Draghi said Wednesday a plan for reform of the 19-nation eurozone agreed by Paris …

Global stocks listless as trade war looms

AFP - 5h ago

World stock markets were a mixed bag Wednesday as some investors fished for bargains and others gave in to anxiety over …

US existing home sales drop in May amid tight supply

AFP - 1h ago

Existing-home sales fell in May for the second straight month as rising home prices due to tight supply continued to …

Global stocks rise despite looming trade war

AFP - 1h ago

World stocks climbed Wednesday as investors fished for bargains, but anxiety lingered over simmering trade tensions …

Disney ups its bid for Fox to counter Comcast

AFP - 2h ago

Disney sweetened its bid for key assets of 21st Century Fox Wednesday, raising its offer to $71.3 billion in cash and …

Greeks wary of 'worse' days after bailout

AFP - 18h ago

The end to Greece's third and final multi-billion bailout, to be set in motion Thursday, is unlikely to provide a …

Clashes at Libya oil ports cut output by nearly half

AFP - 15h ago

Clashes between rival groups in Libya's key oil export ports have caused output to drop by nearly half, the head of the …

Hardline ally in new attack against Merkel over eurozone budget

AFP - 40m ago

German Chancellor Angela Merkel's hardline allies on Wednesday took aim at her backing for a new eurozone budget, …

EU counter-tariffs against US come into effect on Friday

AFP - 7h ago

A raft of retaliatory tariffs from the European Union against stiff metals duties imposed by US President Donald Trump …

Saudi, Iran face off ahead of tense OPEC meet

AFP - 4h ago

Saudi Arabia insisted Wednesday it would do "whatever is needed" to avoid oil supply shortages, setting the stage for a …

Global stocks rise despite trade war concerns

AFP - 1h ago

World stocks climbed Wednesday as investors fished for bargains, but anxiety lingered over simmering trade tensions …

EU copyright law passes key hurdle

AFP - 11h ago

A highly disputed European copyright law that could force online platforms such as Google and Facebook to pay for links …

Power woes hit Nigeria's football fans

AFP - 4h ago

Football-loving Nigerians had more than one reason to groan about the country's opening World Cup game: not only did …

EU tells Luxembourg to recover 120 mn euros from French energy giant

AFP - 3h ago

The EU on Wednesday ruled that Luxembourg had given illegal tax breaks to energy giant Engie and ordered it to recover …

Oil in the Faroe Islands: mirage or miracle?

AFP - 12h ago

After fuelling hopes of independence from Denmark at the turn of the millennium, the Faroe Islands' dreams of an oil …

Moon suggests Russian gas be piped to Koreas, Japan

AFP - 12h ago

New pipelines could be laid to bring Russian gas through North Korea to the South and even on to Japan following the …

Asian markets mostly up but trade war fears keep dealers on edge

AFP - 3h ago

Asian equities rose Wednesday on bargain-buying after the previous day's battering, but investors remain anxious as the …

Nigeria sees a rush to get Nollywood online

AFP - 4h ago

A glamour blogger, a filmmaker and a tech mogul are competing to create a homegrown African rival to Netflix, but poor …

Indian government grounds Air India sale plans: reports

AFP - 4h ago

India has shelved its plans to sell debt-stricken national carrier Air India after failing to attract any bidders, a …

European firms say China business 'more difficult'

AFP - 9h ago

European companies complain they still face a difficult business climate in China despite Beijing's pledges of openness, …