Business and Tech

Dollar struggles, stocks up on dovish Fed but trade fears persist

AFP - 12m ago

The dollar struggled in Asia on Thursday after a surprisingly dovish Federal Reserve indicated it would not lift …

Pyongyang sanctions workarounds failing to soften impact

AFP - 4h ago

North Korea's illicit and highly sophisticated efforts to circumvent UN sanctions may have sought to cushion their …

Levi's raises $623 mn ahead of NYSE debut Thursday

AFP - 8h ago

US jeans company Levi Strauss & Co. announced Wednesday strong pricing ahead of its Wall Street return, enabling it to …

Boeing 737 MAX to face first congressional hearing

AFP - 9h ago

Boeing's ill-fated 737 MAX and federal regulators next week will face the first public grilling by Congress over the two …

Dow falls after dovish Fed decision as Brexit chaos hammers pound

AFP - 10h ago

Wall Street stocks finished a volatile session mostly lower on Wednesday following a dovish Federal Reserve decision, …

Trump: China tariffs may remain for 'substantial period'

AFP - 11h ago

US President Donald Trump said Wednesday that US tariffs on Chinese imports could remain in place for a "substantial …

US Fed now expects no rate hikes in 2019

AFP - 8h ago

The Federal Reserve sent a strong signal the US economy is slowing, indicating Wednesday it will not raise the benchmark …

Key witness in Israel corruption case arrested after reneging on deal

AFP - 13h ago

A key witness in a high-profile corruption case implicating allies of Israeli Prime Minister Benjamin Netanyahu has been …

A decade on, smartphone-like software finally heads to space

AFP - 9h ago

Once a traditional satellite is launched into space, its physical hardware and computer software stay mostly immutable …

Brexit delay request sends pound reeling

AFP - 4h ago

The pound fell sharply on Wednesday after Prime Minister Theresa May announced Britain was seeking a delay to its exit …

Rags-to-riches Skoda mulls post-Brexit sales woes

AFP - 16h ago

Once the butt of jokes, Czech-made Skoda cars have won over Brits, but the UK's looming exit from the European Union …

Electric shift prompts belt-tightening for German carmakers

AFP - 16h ago

German carmakers are increasingly turning to electric vehicles to master tough new emissions limits looming in the EU, …

Toyota to build new hybrid cars in Brexit-facing UK

AFP - 17h ago

Toyota on Wednesday said it will build a new hybrid car in Britain for Japanese peer Suzuki -- a welcome boost for the …

US Fed resumes meeting with no rate hike expected

AFP - 17h ago

The US Federal Reserve on Wednesday resumed its second meeting of the year, having all but assured markets it will leave …

Glyphosate under fire from San Francisco to Sri Lanka

AFP - 18h ago

Glyphosate, the world's most widely used herbicide and the active ingredient in Monsanto's weedkiller Roundup, is the …

EU fines Google for anti-trust breach

AFP - 19h ago

The EU's powerful anti-trust regulator slapped tech giant Google with a new fine on Wednesday over unfair competition, …

Markets mostly drop as dealers await Fed

AFP - 1h ago

Asian and European stocks mostly slid Wednesday, as investors eyed China-US trade talks and the Brexit saga, before the …

BMW plans massive cost cuts to keep profits above water

AFP - 20h ago

German high-end carmaker BMW warned Wednesday it expects pre-tax profits "well below" 2018 levels this year as it …

Five things to know about Bayer and Monsanto

AFP - 21h ago

The second cancer victim in a year to win a surprise victory against US pesticide maker Monsanto raises the prospect of …

EU fines Google 1.49 bn euros for anti-trust breach

AFP - 34m ago

The EU's powerful anti-trust regulator slapped tech giant Google with a new fine on Wednesday over unfair competition, …

Investors flee Bayer after second glyphosate trial blow

AFP - 21h ago

The threat to German chemical giant Bayer and subsidiary Monsanto from US litigation swelled Wednesday, when its share …

Bayer shares plunge on new US cancer ruling

AFP - 3m ago

Shares in German chemicals and pharmaceuticals giant Bayer plunged as markets opened Wednesday, after a second US jury …

Home improvements chain Kingfisher announces CEO exit

AFP - 14h ago

Flagging European home-improvements retailer Kingfisher announced Wednesday the departure of chief executive Veronique …

Most Asia markets down as dealers spooked by trade, Brexit

AFP - 2h ago

Asian markets mostly fell Wednesday with nervous investors keeping tabs on developments in China-US trade talks and the …

Crisis at India's Jet worsens as it grounds planes, faces strike

AFP - 14h ago

India's Jet Airways was fighting multiple crises Wednesday after grounding six planes, leaving it with only a third of …

Instagram moves into e-commerce with shopping button

AFP - 18h ago

Facebook-owned Instagram on Tuesday made a move into potentially lucrative e-commerce by adding an option to buy …

Lawsuits hot new option for Wall Street investors

AFP - 16h ago

Lawsuits can provide big payoffs. And betting on the outcome of a lawsuit is becoming a hot new way for Wall Street …

Lawmakers ask tech leaders to explain viral Christchurch video

AFP - 17h ago

A US congressional panel said Tuesday it was asking top executives from US tech firms to explain the proliferation …

Google unveils search changes to placate EU

AFP - 11h ago

Google on Tuesday unveiled a series of tweaks to its European search engine results in an effort to avoid further fines …

French sugar giant faces complaint over alleged Syria sorbitol supply

AFP - 9h ago

Business partners of French sugar giant Tereos have filed a complaint against the firm for allegedly supplying an …

US chemical plant fire smoke plume hovers over Houston

AFP - 5h ago

A large plume of black smoke hovered over parts of the US city of Houston on Tuesday as firefighters struggled with a …

European stocks climb as markets track Brexit, Fed

AFP - 6h ago

European stock markets rose Tuesday, while the pound steadied after strong British jobs data as traders braced for more …

Google moves to disrupt video games with streaming, studio

AFP - 15h ago

Google set out to disrupt the video game world on Tuesday with a Stadia platform that will let players stream …

US extends Iraq waiver over Iran sanctions

AFP - 11h ago

The United States is extending a waiver to let energy-hungry Iraq keep buying power from Iran, despite Washington's …

Facebook settles with rights groups on ad discrimination

AFP - 19h ago

Facebook unveiled major changes to how it uses targeted advertising on Tuesday, settling a legal challenge alleging it …

Trump ramps up claims of Big Tech bias

AFP - 17h ago

President Donald Trump stepped up claims of political bias by Big Tech firms Tuesday in a fresh assault on Silicon …

Iran's Mahan Air cancels Paris flights over 'sanctions'

AFP - 21h ago

Iran's Mahan Air has been forced to cancel its Paris flights over "sanctions", its customer services team said Tuesday …

Google aims to disrupt video games with streaming

AFP - 1h ago

Google on Tuesday set out to disrupt the world of video games with a Stadia platform aimed at putting its massive data …

US negotiators to return to China next week: official

AFP - 19h ago

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will return to Beijing next week as the …

Canada to assess Boeing 737 MAX airworthiness without US

AFP - 17h ago

Canada said Tuesday it will make its own assessment of Boeing's modifications to its 737 MAX airliners before allowing …

Bolsonaro's US visit ignites Twitter firestorm in Brazil

AFP - 14h ago

Brazilian President Jair Bolsonaro's much-hyped visit to the United States ignited a firestorm on Twitter Tuesday as …

Google unveils game streaming platform called Stadia

AFP - 46m ago

Google on Tuesday unveiled a streaming platform called Stadia that allows video game play on any internet-connected …

White House hails hot economy; warns against Democrats' proposals

AFP - 10h ago

The White House on Tuesday predicted brisk US growth of about three percent would continue for more than a decade if …

US sanctions Venezuela state gold mining company: Treasury

AFP - 7h ago

The United States slapped sanctions Tuesday on a Venezuelan state mining company, charging that its illicit gold …

US Fed starts meeting, with no rate hike expected

AFP - 9h ago

The US Federal Reserve on Tuesday began its second policy meeting of the year but has signaled it will not raise …

Trump fires at GM again ahead of Ohio visit

AFP - 6h ago

General Motors' decision to shutter an Ohio auto plant was back in the spotlight on Tuesday following repeat Twitter …

Cubans use new found social media heft to challenge leaders

AFP - 6h ago

Cubans are using new found social media muscle to challenge their leaders in ways hitherto unseen on the communist-run …

Investors go after Danske for $475 million

AFP - 7h ago

Institutional shareholders in scandal-ridden Danske Bank are suing the Danish lender for $475 million in damages for …

US lawmaker sues Twitter, alleging anti-conservative bias

AFP - 6h ago

A Republican congressman is suing Twitter claiming the online platform discriminates against conservatives by hiding …

Chinese investor weighs sale of Toulouse airport stake

AFP - 4h ago

A Chinese firm that holds the largest stake in southern France's Toulouse airport is considering selling out and has …

Brexit freezing UK food suppliers out of seasonal sales

AFP - 6h ago

Global fans of a traditional British Christmas could be in for a disappointment when the season comes around this year.

US Fed due to meet; no rate hike expected

AFP - 2h ago

The US Federal Reserve is due Tuesday to hold its second policy meeting of the year but has signaled it will not raise …

Germany launches 5G auction amid row with US over Huawei

AFP - 6h ago

Germany launched its auction Tuesday for the construction of an ultra-fast 5G mobile network as a transatlantic dispute …

Hong Kong to build $79 bn artificial island

AFP - 6h ago

Hong Kong plans to build one of the world's largest artificial islands with an eye-watering $79 billion price tag, city …

Protect Russian businesses, Putin tells prosecutors

AFP - 6h ago

President Vladimir Putin on Tuesday told Russian prosecutors he wanted better legal protection for entrepreneurs, …

UK supermarkets pledge price cuts amid merger doubts

AFP - 6h ago

British supermarket giant Sainsbury's and Walmart-owned Asda on Tuesday vowed to slash prices to overcome regulatory …

Danish telecom group shuns China's Huawei for 5G rollout

AFP - 6h ago

Denmark's biggest telecom group TDC has chosen Swedish firm Ericsson over existing provider Huawei to roll out its …

Sri Lanka wins record foreign investment in oil project

AFP - 3h ago

Sri Lanka announced Tuesday that an overseas joint venture had committed $3.85 billion to a new oil refinery -- the …

UK unemployment rate hits 44-year low: official data

AFP - 7h ago

The British unemployment rate has struck a 44-year low, official data showed Tuesday, despite a broader economic …

German 'wise men' economists slash growth outlook

AFP - 6h ago

A revered panel of German economists said Tuesday that slower exports and biting capacity limits had prompted them to …

Taiwan's new carrier StarLux signs deal with Airbus for 17 planes

AFP - 3h ago

Taiwan's new StarLux Airlines signed a deal on Tuesday worth up to $6 billion for 17 Airbus A350 XWB aircraft in one of …

Norway's Norsk Hydro hit by 'extensive' cyberattack

AFP - 22m ago

One of the world's biggest aluminium producers, Norway's Norsk Hydro, said Tuesday it had been hit by a cyber-attack of …

Asian stocks mostly down ahead of Fed but pound enjoys bounce

AFP - 3h ago

Asian markets mostly fell Tuesday as investors bide their time until the Federal Reserve's latest policy meeting, while …

Paris ties Singapore, Hong Kong as world's priciest cities

AFP - 3h ago

Paris has climbed to the top of the world's priciest city for expatriates, tied first with Singapore and Hong Kong …

Hyundai invests $300 mn to help India's Ola battle Uber

AFP - 8h ago

Indian taxi-hailing company Ola has secured a $300-million investment from South Korean car giant Hyundai, the firms …

Asian stocks dip ahead of Fed meeting but pound enjoys rebound

AFP - 1h ago

Asian markets dipped Tuesday as investors bide their time until the Federal Reserve's latest policy meeting, while the …

India's richest man helps tycoon brother avoid jail

AFP - 9h ago

The epic feud between India's Ambani brothers has taken a new twist with the older and now vastly richer brother paying …

Asian rally stalls before Fed meeting, pound rebounds from losses

AFP - 4h ago

Asian markets were mixed Tuesday as investors bide their time until the Federal Reserve's latest policy meeting, while …

US probing certification of Boeing 737 MAX

AFP - 6m ago

Boeing and US aviation regulators are coming under intense scrutiny over the certification of the 737 MAX aircraft after …

Chasing celluloid dreams at China's Tinseltown

AFP - 9h ago

Fed up with the drudgery of his sales job in southern China, Lu Qi quit and travelled a thousand kilometres north to one …

China's 737 move shows growing global aviation clout: analysts

AFP - 12h ago

The key role China played in grounding the troubled Boeing 737 MAX 8 has demonstrated its growing clout in global …

A week after Ethiopia crash, questions swirl around Boeing

AFP - 6h ago

Boeing's 737 MAX aircraft are grounded across the world following the crash of Ethiopian Airlines Flight ET302, casting …

Pound down as Brexit uncertainty drags

AFP - 9h ago

The pound fell on Monday as more Brexit uncertainty surfaced, culminating as the British parliament's speaker told the …

China hits out at 'abnormal, immoral' attacks on Huawei

AFP - 11h ago

China's foreign minister lashed out Monday at what he called "abnormal, immoral" attacks on Huawei amid growing concern, …

Brazilian stock index tops 100,000 points for first time

AFP - 10h ago

Brazilian stocks topped 100,000 points for the first time Monday, on hopes for progress in President Jair Bolsonaro's …

IMF staff approves review of Argentina reform program

AFP - 11h ago

An International Monetary Fund team on Monday announced its support for Argentina's crisis response program, a step that …

Lyft revs up for an IPO seeking to raise $2.4bn

AFP - 19h ago

Lyft said Monday it would seek to raise as much as $2.4 billion in its public share offering, in the first major listing …

Forget flying carpets, flying taxis are coming your way

AFP - 16h ago

We've all dreamed while stuck in traffic jams of being able to just lift off and fly over the gridlock.

Indian tycoon Ambani pays debt after court threatened jail

AFP - 10h ago

Indian tycoon Anil Ambani has settled a multi-million debt with Sweden's Ericsson, the company said Monday, after judges …

Boeing: 737 MAX certification followed US rules

AFP - 2h ago

Boeing said Monday that the flight stabilization system under scrutiny following two deadly 737 MAX plane crashes, met …

EasyJet withdraws from potential Alitalia consortium rescue

AFP - 6h ago

British no-frills airline easyJet said Monday it had withdrawn from a possible partnership with Italy's Ferrovie dello …

Facebook to offer grants to bring more to 'news deserts'

AFP - 11h ago

Facebook said Monday it would begin directing some of its funds to support US journalism efforts to so-called "news …

Germany to miss NATO spending target despite short-term rise

AFP - 20h ago

German defence spending will rise next year but then drop off again as a percentage of GDP, Berlin said Monday, in news …

Fisker relaunches Tesla rivalry with $40k electric car

AFP - 48m ago

Fisker, the electric car brand which was an early rival to Tesla, announced Monday it would produce a new sport utility …

Oil producers to decide in June on extending cuts

AFP - 24h ago

Major oil producers led by Saudi Arabia agreed Monday to keep working together to prop up crude prices, but said they …

Lyft seeks to raise some $2 bn in IPO

AFP - 2h ago

Lyft said Monday it would seek to raise as much as $2.4 billion in its public share offering, in the first major listing …

Counterfeit and pirated goods represent 3.3% of global trade: report

AFP - 23h ago

Global sales of counterfeit and pirated goods have soared to 460 billion euros ($522 billion) a year, amounting to a …

OPEC and allies meet to review oil production cuts

AFP - 2h ago

OPEC nations and allied oil producers met in Azerbaijan on Monday to review a strategy of production cutbacks that has …

Boeing crashes cast spotlight on US aviation regulator

AFP - Mar 18 2019

Was the United States complacent in its certification of the Boeing 737 MAX?

Facebook scrubs 1.5mn Christchurch attack videos but criticism goes viral

AFP - Mar 18 2019

Facebook says it removed a staggering 1.5 million videos showing harrowing viral footage of the Christchurch mosque …

Asia markets extend rally as eyes turn to Fed meeting

AFP - 4h ago

Asian markets rose Monday as investors tracked a positive lead from Wall Street on optimism over the China-US trade …

'Clear similarities' between Boeing crashes in Ethiopia, Indonesia

AFP - 10h ago

Flight recorder data recovered from the wreckage of Boeing 737 MAX planes that crashed in Ethiopia and Indonesia shows …

Black boxes show 'clear similarities' with Indonesia crash, Ethiopia says

AFP - 8h ago

Black box data recovered from an Ethiopian Airlines plane that crashed last week show "clear similarities" with a recent …

Cubans turn Haiti into unlikely shopping oasis

AFP - 13h ago

You wouldn't think the poorest country in the Americas would be anyone's shopping dream. Yet Haiti has become just that …

US aviation agency defends its vetting of plane involved in crashes

AFP - 5h ago

The US agency that regulates civil aviation said Sunday it followed "standard" procedures in certifying the Boeing …

French govt admits security 'flaws' in violent Paris riots

AFP - Mar 18 2019

The French government admitted Sunday its security measures had been "insufficient" to stem an arson and looting rampage …

'Captain Marvel' clobbers the competition to stay atop box office

AFP - 19h ago

Female-led superhero movie "Captain Marvel" took in an estimated $69.3 million over the weekend, outearning the combined …

Ethiopian Airlines crash: What is the MCAS system on the Boeing 737 Max 8?

AFP - 16h ago

Similarities between the Lion Air and Ethiopian Airlines crashes, confirmed by black box data, have focused attention on …

Boeing 'finalizing' anti-stall update after Ethiopia crash

AFP - 14h ago

Boeing is finalizing a software update and pilot training linked to the MCAS anti-stalling feature, under scrutiny after …

French government feels heat after violent Paris riots

AFP - 2h ago

The French government faced heavy criticism Sunday following an arson and looting rampage by black-clad anarchists …

Bucking the crisis, Greek microbreweries bubble to the fore

AFP - 22h ago

Bent over a barrel, Greek microbrewer Sophocles Panagiotou lovingly draws a measure of his Septem Red Ale into a glass …

737 MAX disaster pushes Boeing into crisis mode

AFP - 18h ago

After a second air disaster involving the 737 MAX 8, aviation giant Boeing swung into crisis mode, losing $25 billion of …