Business and Tech

French tycoon Bollore's African assets

AFP - -12m ago

Billionaire French industrialist Vincent Bollore is being questioned in Paris over allegations that his conglomerate …

WhatsApp bans European under-16s from using app

AFP - -7m ago

WhatsApp has raised its minimum age for users in the European Union to 16 years, as the bloc prepares for a new online …

Markets flounder as US bond yields rise

AFP - 15m ago

World stock markets slid Wednesday on profit-taking, as investors fretted over rising US Treasury yields and speculation …

Vueling pilots go on strike, 246 flights cancelled

AFP - 41m ago

Pilots working for Spanish airline Vueling started a two-day strike Wednesday to demand better work conditions, leading …

Boeing reports jump in 1Q profits, lifts 2018 forecast

AFP - 41m ago

Boeing reported a surge in first-quarter profits on Wednesday and lifted its full-year earnings forecast following a …

Sky 'welcomes' higher Comcast bid in Murdoch battle

AFP - 1h ago

Sky, the pan-European satellite TV group, withdrew support Wednesday for a full takeover by Rupert Murdoch's 21st …

French tycoon held for second day in Africa corruption probe

AFP - 1h ago

Billionaire French industrialist Vincent Bollore was held for a second day of questioning by anti-corruption police on …

Cybercrime website behind 4 million attacks taken down

AFP - 1h ago

A British and Dutch-led operation on Wednesday brought down a website linked to more than four million cyberattacks …

German govt sees no let-up in economic growth

AFP - 1h ago

The German economy ministry on Wednesday published an optimistic set of forecasts for 2018-19, saying strong growth into …

Twitter reports second straight quarterly profit

AFP - 1h ago

Twitter reported its second consecutive quarterly profit Wednesday in a positive sign for the short messaging service …

Airbus and Dassault to team up on combat fighter

AFP - 2h ago

Airbus and Dassault Aviation announced Wednesday they intend to team up on the development of a French-German combat …

Cyber-crime website behind 4 million attacks taken down

AFP - 29m ago

A British and Dutch-led operation on Wednesday brought down a website linked to more than four million cyber-attacks …

Norway's Norsk Hydro earnings jump despite Brazil scandal

AFP - 2h ago

A surge in aluminium prices helped Norwegian metals and energy giant Norsk Hydro to rising profits, figures released on …

Iraq launches production at southern gas field

AFP - 2h ago

Iraq said Wednesday it had launched commercial production at its Siba gas field in the southern province of Basra in a …

Markets sink on rising US bond yields

AFP - 49m ago

Asian and European stock markets slid Wednesday on profit-taking, as investors fretted over rising US Treasury yields …

Comcast formally takes on Murdoch with £22bn Sky bid

AFP - 1h ago

US cable giant Comcast formalised Wednesday its £22 billion takeover bid for pan-European satellite TV group Sky, …

Airbus and Dassault say to team up on combat fighter

AFP - 10m ago

Airbus and Dassault Aviation announced Wednesday they intend to team up on the development of the future French-German …

Costa Coffee to go solo pressed by investors

AFP - 2h ago

Latte king Costa Coffee is to go it alone following pressure from activist shareholders on Whitbread, the global coffee …

Asian markets sink with Wall St as tech firms take another hit

AFP - 3h ago

Asian markets went into reverse Wednesday, tracking fresh losses on Wall Street as investors fret about rising US …

Lloyds banks rising profit on 'resilient' economy

AFP - 6h ago

Britain's Lloyds Banking Group, bailed out by the government during the global financial crisis, on Wednesday logged …

Global carmakers show off SUVs, electrics as China pledges reforms

AFP - 6h ago

Global carmakers touted their latest electric and SUV models in Beijing on Wednesday as they warily welcomed China's …

Linde confident for Praxair merger after strong Q1

AFP - 5h ago

German industrial gases group Linde confirmed its objectives for 2018 Wednesday after a strong first quarter, as it eyes …

Credit Suisse profit soars as overhaul pays off

AFP - 6h ago

Swiss banking giant Credit Suisse on Wednesday posted a big jump in net profit for the first quarter, as a major …

Japan drug giant Takeda tumbles as Shire recommends $64 bn offer

AFP - 6h ago

Shares in Tokyo-listed Takeda tumbled Wednesday after it raised its offer for Irish pharmaceutical company Shire to £46 …

Top US court rules for Arab Bank in Israel attack case

AFP - 2h ago

Victims of attacks in Israel cannot use an 18th century law to sue the Arab Bank, a multinational financial institution, …

Privacy fears weigh on Facebook with earnings ahead

AFP - 7h ago

Facebook reports quarterly results Wednesday as it grapples with a data privacy scandal that strikes at how the huge …

Global carmakers show off SUVs, electrics as China promises reforms

AFP - 2h ago

Global carmakers touted their latest electric and SUV models in Beijing on Wednesday, as China promises a more level …

Mediterranean fears bitter future for citrus crops

AFP - 7h ago

Could we soon be forced to do without a glass of orange juice or a slice of grapefruit at breakfast? The answer is …

Shire board says it favours £46 billion Takeda takeover bid

AFP - 2h ago

The board of Irish pharmaceutical company Shire will recommend a new £46 billion ($64 billion) takeover bid by Japanese …

US trade officials to visit China soon, Trump says

AFP - 11h ago

President Donald Trump announced Tuesday that top US trade officials would soon travel to China as Washington and …

Beijing auto show opens in world's largest market

AFP - 3h ago

Global carmakers will take the stage in Beijing on Wednesday with new car models to woo the world's largest auto market …

US Commerce Secretary calls China 2025 plan 'frightening'

AFP - 13h ago

China's plan to transform itself into the global technology nexus is a "frightening" one that puts American intellectual …

US stocks stumble on worries over rate hikes, earnings

AFP - 14h ago

Wall Street stocks tumbled Tuesday on worries about higher interest rates and disappointment over US corporate earnings …

Oil, metals prices set to rise amid trade tensions: World Bank

AFP - 3h ago

Crude oil prices are expected to jump 23 percent this year amid strong economic growth, while metals prices are rising, …

Caterpillar boosts outlook but says steel costs are rising

AFP - 53m ago

Caterpillar significantly upgraded its full-year forecast Tuesday after first-quarter profits wowed Wall Street, but …

Cambridge Analytica says it is 'no Bond villain'

AFP - 16h ago

Cambridge Analytica claimed Tuesday it was "no Bond villain" as it vehemently denied exploiting Facebook users' data for …

$35 mn penalty for not telling investors of Yahoo hack

AFP - 17h ago

US securities regulators on Tuesday announced that Altaba will pay a $35 million penalty for not telling them hackers …

Spotify ramps up free service in bid for expansion

AFP - 9h ago

Spotify on Tuesday announced a major expansion of its free service, hoping that a more option-rich platform will boost …

US senators introduce social media privacy bill

AFP - 17h ago

Two US senators, one Democrat and one Republican, introduced legislation Tuesday aimed at better protecting online …

Britain's deficit hits 11-year low

AFP - 2h ago

Britain's deficit improved last year to reach the lowest level in more than a decade, aided by ongoing state austerity, …

Music business grows at record pace as digital dominates

AFP - 18h ago

The global music industry soared a record 8.1 percent last year as digital sales for the first time made up the majority …

US court rules monkey does not own selfie copyright

AFP - 11h ago

A US court has ruled that a monkey who snapped a selfie on a wildlife photographer's camera does not own the copyright …

Takeda lifts Shire takeover bid again

AFP - 14h ago

Irish-based pharmaceuticals firm and takeover target Shire said Tuesday that Japanese drugs firm Takeda has lifted its …

Apple, Ireland strike deal on 13-billion-euro tax payment

AFP - 5h ago

Ireland's government on Tuesday said it was signing a deal with Apple for the US tech giant to pay 13 billion euros ($16 …

South Africa wine production drying up in water crisis

AFP - 15h ago

South Africa is set for a steep decline in wine production in 2018 as the country grapples with a water crisis ravaging …

Equities wobble as US bond rates climb

AFP - 5h ago

European and US stock markets wavered Tuesday as the yield on US 10-year government bonds touched the key 3.0 percent …

US new home sales surge in March

AFP - 15h ago

US new home sales leapt to a four-month high in March, and sales in the prior months were revised up to reverse the …

Scientist in Facebook data scandal says being scapegoated

AFP - 15h ago

The academic behind the app that allowed consulting firm Cambridge Analytica to farm the data of some 87 million …

Bangladesh factory disaster survivors demand justice five years on

AFP - 15h ago

Hundreds of Bangladeshis staged protests and tearful tributes Tuesday on the fifth anniversary of one of the world's …

US renewables firm takes Poland to court over U-turn on windmills

AFP - 3h ago

A US renewable energy group Invenergy said on Tuesday it had begun international arbitration against Poland, claiming it …

Volkswagen makes 15-bn-euro bet on electric cars in China

AFP - 2h ago

Car giant Volkswagen announced Tuesday investments of 15 billion euros ($18 billion) in electric and autonomous vehicles …

Markets mark time as traders track US rates

AFP - 1h ago

European and US stock markets marked time Tuesday as traders mulled the prospect of higher US interest rates.

Your package is in the trunk: Amazon wants keys to your car

AFP - 5h ago

Amazon, which is already opening front doors for parcel delivery, now wants to offer the same service for vehicles.

Billionaire French tycoon Bollore detained in Africa corruption probe

AFP - 7h ago

Billionaire French tycoon Vincent Bollore was detained Tuesday as part of a corruption investigation into his group's …

EU suggests 'equivalence' for UK firms post-Brexit

AFP - 5h ago

A top EU official on Tuesday suggested British financial services firms take the option of operating under an …

Caterpillar lifts outlook on strong demand; shares soar

AFP - 3h ago

Industrial machinery manufacturer Caterpillar reported a large jump in first-quarter earnings and significantly upgraded …

French tycoon Bollore held for questioning over Africa ports deals

AFP - 2h ago

Billionaire French tycoon Vincent Bollore was detained Tuesday as part of a corruption investigation involving his …

Stock markets climb as traders track US rate outlook

AFP - 2h ago

Stock markets mainly rose on Tuesday as traders reacted largely to the outlook for US interest rates.

French tycoon Bollore held over suspected Africa corruption: legal sources

AFP - 53m ago

Billionaire French tycoon Vincent Bollore was detained Tuesday near Paris on suspicion of corruption over his group's …

Facebook unveils appeal process for when it removes posts

AFP - 6h ago

Facebook said Tuesday it will give users the right to appeal decisions if the social network decides to remove photos, …

ECB sees easier credit for eurozone firms and households

AFP - 6h ago

The eurozone economy enjoyed easier access to credit in the first quarter, a European Central Bank survey showed …

AkzoNobel splashes out as Q1 profits paint rosy picture

AFP - 4h ago

Leading global paintmaker AkzoNobel Tuesday posted rising first quarter profits and after a turbulent year in 2017 …

US showing China 'yellow card' on trade, says Hong Kong consul

AFP - 7h ago

The United States has issued China with a "yellow card" on trade, said its consul general in Hong Kong Tuesday, in a …

German business confidence erodes in April

AFP - 7h ago

Confidence among business leaders in Germany fell back in April, a closely-watched survey showed Tuesday, as executives …

Dollar rises in Asia with Treasury yields, Japan exporters rally

AFP - 2h ago

The dollar extended gains against its main peers and most other currencies Tuesday as rising US bond yields fan …

PSA Peugeot Citroen rides to higher sales, backed by Opel Vauxhall

AFP - 6h ago

French carmarker PSA Peugeot Citroen said Tuesday its acquisition of the Opel and Vauxhall brands last year helped drive …

SAP more ambitious after soaring Q1 profits

AFP - 7h ago

German business software maker SAP lifted its full-year forecasts Tuesday, as it hailed a lift-off in profits in the …

Bangladesh protesters demand justice five years after factory disaster

AFP - 2h ago

Hundreds of people staged tearful tributes Tuesday at Rana Plaza, scene of one of the world's worst industrial disasters …

SK Hynix posts big jump in Q1 net profit

AFP - 2h ago

South Korea's SK Hynix, the world's second-largest memory chip maker, on Tuesday announced a big jump in first-quarter …

China's 'makers' battle mistrust in hi-tech community

AFP - 10h ago

Engineers, computer programmers and children tinker with self-made radio-controlled toy cars and robotic arms in China's …

Rusal shares surge in Hong Kong after US eases sanctions stance

AFP - 2h ago

Shares in Russian aluminum giant Rusal soared by a third in Hong Kong on Tuesday after the US Treasury said it would …

Google parent Alphabet profit leaps on ad growth

AFP - 11h ago

Google parent Alphabet reported a surge in quarterly profits Monday, lifted by strong growth in the digital advertising …

Dollar strengthens with bond yields, boosts Japanese exporters

AFP - 4h ago

The dollar extended gains against its main peers and most other currencies Tuesday as rising US bond yields fan …

Software better at tackling IS propaganda, Facebook says

AFP - 11h ago

Facebook on Monday said new detection tools wielded by its counterterrorism team are quickly detecting and removing …

Scientist at centre of Facebook data scandal faces MPs

AFP - 11h ago

The Russian-American academic who developed an app that allowed political consulting firm Cambridge Analytica to farm …

Higher US bond yields weigh on Wall Street stocks, lift dollar

AFP - 10h ago

Higher US Treasury bond yields drove Wall Street stocks lower and the dollar higher on Monday while European equities …

Robot helps seriously ill Everton fan make history

AFP - 12h ago

A seriously ill teenage Everton fan made history on Monday by becoming the world's first 'virtual matchday mascot' ahead …

US eases sanctions stance on Rusal; aluminum prices tumble

AFP - 8h ago

The US Treasury on Monday said that it could lift sanctions on Russian aluminum giant Rusal if tycoon Oleg Deripaska …

Dutch PM vows to release controversial tax plan memos

AFP - 13h ago

Dutch Prime Minister Mark Rutte pledged Monday to release all memos about a controversial plan to scrap dividend tax …

'Open road' Harley internship seeks to ignite youth market

AFP - 16h ago

Seeking to jumpstart interest among younger consumers, Harley-Davidson has unveiled an internship for summer staff to …

Parmesan producers hail 'gratest' ever year

AFP - 10h ago

Cheese is serious business for Italians, and perhaps its most famous, Parmigiano Reggiano, had its best ever year in …

EU probes Apple plan to buy music app Shazam

AFP - 16h ago

The EU on Monday launched an in-depth probe of tech giant Apple's plan to buy leading song-recognition app Shazam …

Finally home, Bundesbank's gold goes on show

AFP - 16h ago

All that glitters is definitely gold in a new exhibition at Germany's central bank that lifts the veil on the nation's …

European and US equities advance

AFP - 4h ago

European and US stock markets moved higher on Monday as trade and geopolitical tensions eased and bond yields pulled …

Britain 'clearly' leaving EU customs union: Johnson

AFP - 16h ago

There is no doubt Britain's departure from the European Union means it will also leave its customs union and single …

US existing home sales edge higher in March

AFP - 1h ago

US sales of existing homes rose in March for the second month as the market recovered from unfavorable winter weather, …

European and US stocks climb

AFP - 1h ago

European and US stock markets pushed higher on Monday as trade and geopolitical tensions eased, analysts said.

Qatar Airways to expand despite 'large loss': chief

AFP - 14h ago

Qatar Airways will continue to expand even as it prepares to announce "large" annual losses due to a blockade by …

Italian court upholds TIM appeal in row with activist fund

AFP - 22h ago

A Milan court on Monday upheld Telecom Italia's appeal against an activist fund's request that the replacement of six …

India's TCS crosses $100-bln market value

AFP - 19h ago

Tata Consultancy Services (TCS) became the first Indian company in a decade to breach the $100-billion market value …

Stock markets largely downbeat

AFP - 2h ago

Stock markets mostly retreated on Monday, with weak eurozone data knocking the region's indices and the euro.

Merkel party warns competition 'impossible' against Facebook

AFP - 9h ago

A leading politician from German Chancellor Angela Merkel's conservative party warned Monday that Facebook's dominance …

EU probes Italy's latest Alitalia rescue loan

AFP - Apr 23 2018

EU anti-trust regulators on Monday opened an in-depth probe to establish whether a massive rescue loan by the Italian …

China's 'men only' job culture slammed in new report

AFP - 17h ago

Leading Chinese firms including e-commerce giant Alibaba were heavily criticised Monday for gender discrimination in job …

Eurozone economy stuck in 'lower gear': Markit

AFP - 10h ago

Business activity in the eurozone continued to grow at a diminished pace in April, bringing fresh doubt on the strength …

Facebook rejects Australia media calls for regulation

AFP - 12h ago

Tech giant Facebook has opposed calls by Australian media companies for digital platforms to be regulated, amid an …

Most Asia markets fall, with tech firms hit again

AFP - 2h ago

Asian markets mostly fell Monday with technology firms extending last week's sharp losses, following another plunge in …

Electronics giant Philips posts 27% drop in Q1 profits

AFP - 11h ago

Dutch electronics giant Philips Monday posted a 27 percent drop in first quarter profits, hit partly by the costs of …

Professor defends role in Cambridge Analytica data scandal

AFP - 10h ago

The psychologist behind an app that harvested data from up to 87 million Facebook users defended his role in the …

Swiss bank UBS books strong first quarter

AFP - 9h ago

Swiss banking giant UBS said Monday it delivered strong first-quarter results driven largely by its investment banking …

Afghan girl spends life disguised as 'son' her parents wanted

AFP - 7h ago

Sitara Wafadar yearns for long hair like other girls. Instead, the Afghan teenager has disguised herself as a boy for …

Remittance payments hit record in 2017: World Bank

AFP - 12h ago

Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of …