Business and Tech

In US, 'Cancel Rent' movement gains ground

AFP - 1h ago

Without a job and terrified of being left homeless during the coronavirus pandemic, Manuel Acero had no other option but …

US braces for evictions crisis as aid talks stall in Washington

AFP - 1h ago

Activists and relief groups in the United States are scrambling to head off a monumental wave of evictions nationwide, …

Deutsche Boerse changes rules to kick Wirecard out of DAX 30

Aug 13 2020

German stock exchange operator Deutsche Boerse on Wednesday announced that it will tweak its rules in order to quickly …

Wind and solar power at record high in 2020, coal dips: analysis

Aug 13 2020

Wind and solar produced a record 10 percent of global electricity in the first half of 2020 as the world's coal plant …

Greek PM calls for 'sense' from Turkey in East Med row

Aug 13 2020

Greek Prime Minister Kyriakos Mitsotakis on Wednesday urged Turkey to show "sense" in a naval showdown in the Eastern …

Talks stall again on US pandemic aid deal, as blame is traded over standoff

AFP - 4h ago

US Democrats and the White House were no closer to agreeing on a new emergency pandemic spending package Wednesday as …

Global stocks rise despite stalemate on US stimulus

AFP - 6h ago

Stock markets rose on both sides of the Atlantic on Wednesday as optimism about an economic recovery outweighed worries …

Mnuchin accuses Democrats of playing politics on aid deal

AFP - 2h ago

US Treasury Secretary Steven Mnuchin on Wednesday accused Democratic leaders in Congress of playing politics to block a …

Uber chief: law could idle operations in California

AFP - 6h ago

Being forced to classify drivers as employees could temporarily idle Uber operations in its home state of California, …

Apple must pay $500 million over patent violations, US court rules

AFP - 10h ago

A Texas court has ordered Apple to pay more than $500 million in damages and interest for 4G patent infringements held …

Coronavirus pushing much of the world into record slumps

AFP - 11h ago

The coronavirus pandemic has pushed most of the world's major economies into unprecedented contractions in the second …

Microsoft back in phone business with folding Android device

AFP - 11h ago

Microsoft is back in the smartphone business -- sort of -- with a new Android-powered folding device it claims fills a …

Stock markets rise on hopes for rebound

AFP - 5h ago

Stock markets rose on both sides of the Atlantic on Wednesday as growing optimism about an economic recovery and hopes …

After soap opera career, media mogul Sumner Redstone dead at 97

AFP - 11h ago

Sumner Redstone, who rose from modest beginnings to lead one of the most powerful Hollywood and television empires and …

Business booming for Brazil farmers but deforestation looms large

AFP - 12h ago

Brazilian farmer Rodrigo Pozzobon drives his pick-up truck toward his giant corn and soybean fields at the edge of the …

US consumer prices jump in July, pushed by autos

AFP - 9h ago

US inflation is picking up pace as consumer prices jumped 0.6 percent again in July, mirroring the June increase, and …

Pound lower as UK mired in record recession

AFP - 2h ago

The British pound dropped on Wednesday as Britain's coronavirus-ravaged economy slid into its deepest recession on …

Media mogul Sumner Redstone dead at 97

AFP - 1h ago

Sumner Redstone, who built a media empire that includes ViacomCBS with a string of high-profile takeovers, has died at …

TUI agrees new 1.2 bn government aid package

AFP - 12h ago

Tourism giant TUI and the German government agreed on Wednesday to a second massive aid package, in a sign of how the …

UK suffers record recession on virus fallout

AFP - 14h ago

Britain's economy shrank by one fifth in the second quarter, more than any European neighbour, as the country's …

Release of next Halo video game pushed back to 2021

AFP - 15h ago

Halo Infinite, the next instalment of celebrated video game franchise, is being delayed until next year, its developer …

TikTok rivals do battle for hearts of teen video producers

AFP - 16h ago

Triller, Byte, Dubsmash and now Instagram -- there's no shortage of rivals circling to grab a slice of troubled TikTok's …

Cathay Pacific reports first-half loss of US$1.27 billion

AFP - 9h ago

Hong Kong carrier Cathay Pacific said Wednesday it lost HK$9.9 billion (US$1.27 billion) in the first half of this year …

Tencent profits up as gamers stay home but WeChat ban looms

AFP - 14h ago

Chinese tech firm Tencent, the parent company of social media giant WeChat, said Wednesday its revenue jumped 28 percent …

UK in record recession after economy shrinks by fifth

AFP - 2h ago

Britain's economy shrank by a fifth in the second quarter, higher than any European neighbour, as the coronavirus …

World's biggest container ships take shape in South Korea

AFP - 18h ago

On the bridge of one of the world's biggest container ships, a worker in a grey protective suit installs the compass …

Asian markets mixed as trade hopes play against stimulus worries

AFP - 3h ago

Asian markets were mixed Wednesday with worries that US lawmakers might not agree to a fresh stimulus deal any time soon …

Amazon fires a 'lie' says Brazil's Bolsonaro

AFP - 8h ago

Brazilian President Jair Bolsonaro has said it is a "lie" that fires are ravaging the Amazon rainforest, despite data …

Cathay Pacific reports first-half loss of US$1.27 bn

AFP - 5h ago

Hong Kong carrier Cathay Pacific said Wednesday it lost HK$9.9 billion (US$1.27 billion) in the first half of this year …

UK growth data to reveal depths of virus-fuelled recession

AFP - 4h ago

Britain will on Wednesday officially enter recession, with data set to show a collapse of around 20 percent of gross …

The Japan firms behind Mauritius oil-leak ship

AFP - 16h ago

The Japanese firm that operates a ship leaking fuel off the coast of Mauritius has been involved in accidents before, …

Asian markets mostly drop on worries over US stimulus

AFP - 4h ago

Worries that US lawmakers might not agree to a fresh stimulus deal any time soon sent most Asian markets lower …

GDP stats to reveal depths of virus-fuelled UK recession

AFP - 3h ago

Britain will on Wednesday officially enter recession, with figures set to show an economic collapse of around 20 percent …

Court tells Uber, Lyft to classify drivers as employees

AFP - 6h ago

A California court has given Uber and Lyft until the middle of next week to reclassify drivers as employees in …

Virus hits Commonwealth Bank profits in 'challenging' year

AFP - 11h ago

Australia's Commonwealth Bank (CBA) reported an 11.3-percent drop in full-year cash profits Wednesday as it took …

Murdoch's Fox unveils global streaming for news channels

AFP - 14h ago

Rupert Murdoch's Fox Corp said Tuesday it was launching a stand-alone streaming service for its news and business …

Last Blockbuster store lists '90s sleepover' on Airbnb

AFP - 17h ago

Is 2020 proving a bit too much? The last Blockbuster store on the planet is offering guests a chance to roll back the …

Google turning smartphones into earthquake detectors

AFP - 8h ago

Google added an earthquake alert system in California on Tuesday, saying it is working on letting Android-powered …

UN experts arrive in Mauritius to assist in oil spill

AFP - 15h ago

A team of United Nations experts arrived on the island nation of Mauritius on Tuesday to aid efforts to prevent an oil …

Bribes funded campaign of Mexico's Pena Nieto, ex-aide says

Aug 11 2020

Multi-million-dollar bribes from a Brazilian construction giant financed the presidential campaign that brought Mexico's …

European stocks gain, but Wall Street rally fizzles

Aug 11 2020

European stocks gained Tuesday following strong German economic data, while a Wall Street rally fizzled on renewed …

Apple on cusp of $2 trillion milestone, defying pandemic

Aug 11 2020

Apple is on the verge of becoming the first $2 trillion American company following a gravity-defying surge that has …

Facebook to limit 'imposter' news sites from political groups

Aug 11 2020

Political groups which create websites designed to look like news outlets will no longer get the same treatment as …

Facebook to lmit 'imposter' news sites from political groups

Aug 11 2020

Political groups which create websites designed to look like news outlets will no longer get the same treatment as …

Under-fire Angolan billionaire Dos Santos quits Unitel

Aug 11 2020

Angolan billionaire Isabel dos Santos, who is facing a massive corruption investigation, stepped down from the board of …

US court overturns Qualcomm defeat in antitrust case

Aug 11 2020

An appeals court on Tuesday overturned a judge's ruling that Qualcomm "strangled competition," undoing a major victory …

Facebook reports progress catching hate speech

Aug 11 2020

Facebook on Tuesday reported progress in catching abusive content on the platform as it relied more on automated systems …

Stock markets jump on US stimulus hopes

Aug 11 2020

Stock markets jumped Tuesday on optimism that lawmakers in Washington will hammer out a new stimulus package for the …

New Russian virus vaccine one among many

Aug 11 2020

With Russia's announcement Tuesday that it had become the first country to approve a vaccine against COVID-19, here is a …

Stock markets surge on US stimulus hopes

Aug 11 2020

Stock markets surged Tuesday on optimism that lawmakers in Washington will hammer out a new stimulus package for the …

Hong Kong imports to be labelled 'Made in China': US customs

Aug 11 2020

Goods imported from Hong Kong must be marked "Made in China" to be sold in the United States as part of Washington's …

UK department store Debenhams cuts 2,500 jobs

Aug 11 2020

UK department store chain Debenhams has axed 2,500 jobs, a spokesman said Tuesday, as the coronavirus pandemic piles …

European stock markets surge on growing US stimulus hopes

Aug 11 2020

Stock markets surged Tuesday on optimism that lawmakers in Washington will hammer out a new stimulus package for the …

The Kiwi media mogul challenging online giants

Aug 11 2020

Tucked away in Sinead Boucher's sock drawer is the one-dollar coin that transformed the former journalist into New …

German investor confidence hits highest level since 2004

Aug 11 2020

Confidence among investors in Germany soared to its highest level in almost 17 years in August, as Europe's largest …

Indian airline IndiGo to fight virus woes with $534 mn share issue

Aug 11 2020

India's largest airline IndiGo hopes to raise $534 million by issuing shares to try and boost liquidity after the …

Most Asian markets rise with eyes on trade talks, stimulus

Aug 11 2020

Most Asian markets extended gains Tuesday as concerns about the US-China trade pact eased, while investors remain …

SoftBank back to black with $12bn profit after record losses

Aug 11 2020

SoftBank Group on Tuesday reported a $12 billion quarterly net profit to June, recovering from eye-watering losses as …

Peanut traders baffled by Sudan export ban on key cash crop

Aug 11 2020

Sudan has been a top producer of peanuts for so long that the nutritious variety is called the "Sudani" -- but a …

SoftBank back to black with $12 bn profit after record losses

Aug 11 2020

SoftBank Group on Tuesday reported a $12 billion quarterly net profit to June, recovering from eye-watering losses as …

Asian markets extend gains with eyes on trade talks, stimulus

Aug 11 2020

Asian markets extended gains Tuesday as concerns about the China-US trade pact eased, while investors remain optimistic …

Virus-hit Singapore's Q2 recession deeper than estimated

Aug 11 2020

Singapore's virus-hammered economy shrank almost 43 percent in the second quarter, in a sign that the country's first …

World surpasses 20 million coronavirus cases, WHO warns against despair

Aug 11 2020

The coronavirus pandemic chalked up another horrific milestone Monday as the world surpassed 20 million recorded cases …

Tech titans say Trump block on worker visas harms US

Aug 11 2020

Amazon, Apple and Facebook are among tech industry titans and organizations signing onto a court filing saying US …

Facebook creates unit devoted to financial services

Aug 11 2020

Facebook on Monday said it has created a new unit devoted to financial services to harmonize payment systems on its …

White House, Democratic leaders trade barbs over pandemic aid deal

Aug 11 2020

The White House traded barbs with Democratic leaders on Monday over who is to blame for the failure to agree on a new …

McDonald's sues ex-CEO for allegedly lying about sexual relationships

Aug 10 2020

McDonald's sued former CEO Steve Easterbrook for allegedly lying about inappropriate sexual relationships with employees …

Kodak shares slump as US loan is suspended

Aug 10 2020

Shares of Kodak plunged Monday after a US agency suspended a loan intended to support the former photo giant's launch of …

Aid deal possible if Democrats compromise: Mnuchin

Aug 10 2020

An agreement on a new pandemic relief package is possible if Democrats in Congress are willing to give ground on some of …

Uber calls for new deal for 'gig economy' workers

Aug 10 2020

Uber outlined proposals Monday for a new type of relationship with "gig" workers, including its own drivers, that would …

Dow jumps, Nasdaq falls as Trump acts in absence of aid deal

Aug 10 2020

Wall Street was mixed early Monday, with Nasdaq retreating further as investors digested President Donald Trump's …

McDonald's sues former CEO for lying about sexual relationships

Aug 10 2020

Fast-food giant McDonald's announced on Monday it is suing former CEO Steve Easterbrook for lying about allegedly …

Stock markets rise as US stimulus hopes offset China tensions

Aug 10 2020

Stock markets rose on Monday boosted by hopes of a Washington stimulus package that helped to offset US-China tensions …

Hong Kong media giant soars 344% as Lai arrest spurs activists

Aug 10 2020

Shares in a Hong Kong media group critical of Beijing soared more than 300 percent on Monday as democracy activists hit …

Asia markets rise but trade talks, stimulus cause concern

Aug 10 2020

Asian markets mostly rose Monday, with investors keeping a wary eye on China-US trade talks planned for the weekend, …

Jimmy Lai: the Hong Kong media tycoon that China loathes

Aug 10 2020

A rags-to-riches millionaire, media tycoon Jimmy Lai is a self-styled "troublemaker" who has been a thorn in Beijing's …

New Zealand eyes Cook Islands travel bubble

Aug 10 2020

New Zealand plans to open a virus-free "travel bubble" with the tiny Pacific realm of Cook Islands before year's end, …

Most Asia markets rise but trade talks, stimulus cause worry

Aug 10 2020

Asian markets mostly rose Monday, with investors keeping a wary eye on China-US trade talks planned for the weekend, …

US hits 5 million virus cases as Trump criticised over relief package

Aug 10 2020

The United States on Sunday reached the extraordinary milestone of five million coronavirus cases as President Donald …

Saudi Aramco profits dive 73% as virus batters oil demand

Aug 09 2020

Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to sharply lower …

Supercars and champagne: Bangkok's rich purr through pandemic

Aug 09 2020

As the coronavirus brought the global economy to its knees, Thai businessman Yod decided to buy himself an $872,000 …

Road test: Chinese 'robotaxis' take riders for a spin

Aug 09 2020

Chinese entrants in the race to put autonomous vehicles on the road are bringing "robotaxis" online in hopes that a …

Algeria economy rocked by one-two punch

Aug 09 2020

Currency depreciation, inflation, negative growth, businesses closed: Algeria's economy has been battered by the one-two …

'Not marijuana': US hemp farmers battle tough market and thieves

Aug 09 2020

When she planted hemp to make extra money for her family farm, Susan Corbett did not imagine thieves would find their …

Despite agreement, China purchase of US agriculture lags

Aug 09 2020

Seven months after the United States and China signed a preliminary agreement to temper their trade war, Beijing's …

Staff still shun London's 'ghost town' finance hubs

Aug 09 2020

Deserted streets, empty restaurants, shuttered stores: London's financial districts remain largely abandoned by workers …

Twitter, TikTok discuss potential combination: WSJ

Aug 09 2020

Twitter is in preliminary discussions for a possible combination with TikTok, the Wall Street Journal reported Saturday, …

Trump signs orders extending economic relief for Americans

Aug 09 2020

President Donald Trump on Saturday signed executive actions extending financial relief to Americans hit by the …

Huawei to stop smartphone chip production due to US sanctions

Aug 08 2020

Chinese telecom giant Huawei said production of its most advanced smartphone chips would stop in September due to US …

Taiwan airlines offer sight-seeing flights during pandemic

Aug 08 2020

Faced with the coronavirus collapse in travellers, Taiwanese airlines have begun offering sight-seeing "flights to …

Trump says readying executive orders on virus relief package

Aug 08 2020

President Donald Trump said Friday he was poised to sign executive orders to extend aid to Americans facing hardship due …

US slaps sanctions on Hong Kong leader in new offensive on China

Aug 08 2020

The United States slapped sanctions Friday on Hong Kong's leader after effectively forcing Chinese internet giants …

Trump moves on China apps may create new internet 'firewall'

Aug 08 2020

A ban by President Donald Trump's administration on Chinese mobile apps such as TikTok and WeChat risks fragmenting an …

Windows, Gates and a firewall: Microsoft's delicate castle in China

Aug 08 2020

Microsoft, which is in talks to buy part of Chinese video app TikTok, is one of the few US tech titans that have managed …

Canada to slap Can$3.6 bln counter-tariffs on US aluminum

Aug 08 2020

Ottawa will hit American aluminum products with Can$3.6 billion (US$2.7 billion) in counter-tariffs, Deputy Prime …

TikTok, WeChat bans not crucial to US security: experts

Aug 08 2020

The US bans on Chinese apps TikTok and WeChat are not particularly valuable for US security, experts told AFP Friday, …

US sees slowing job gains, as White House fails to reach spending deal

Aug 07 2020

The US economy regained 1.8 million jobs in July, a solid but unremarkable result that comes as President Donald Trump …

Global stocks mixed as US-China tensions rise, Washington deal elusive

Aug 07 2020

Wall Street stocks finished mixed Friday, with the Nasdaq retreating from records, following data showing the US economy …

Nasdaq falls from record as Washington deal stays elusive

Aug 07 2020

Wall Street stocks finished mixed Friday, with the Nasdaq retreating from a record following solid US jobs data as …

US economy sees solid but slowing job gains in July

Aug 07 2020

The US economy regained 1.8 million jobs in July, a solid but unremarkable result that comes as President Donald Trump …

Stocks shrug off US jobs data

Aug 07 2020

Wall Street brushed off data released on Friday showing the US economy adding jobs as US-Chinese tensions mount and a …

US adds 1.8 mn jobs in July, unemployment rate falls to 10.2%: govt

Aug 07 2020

The US economy added just 1.8 million jobs in July, far fewer than in May and June but not as bad as some economists …