Business and Tech

In his remit: African fintech entrepreneur helps migrants move money

AFP - 12m ago

The money transfer business is personal for Ismail Ahmed. It was cash wired by his family that allowed him to make the …

UK retail sales take a tumble: official data

AFP - 17m ago

British retail sales sank in May, official data showed Thursday, sounding a downbeat note on the Brexit-facing economy …

Turkey to send new ship to search for gas off Cyprus as tensions mount

AFP - 44m ago

Turkey is set to send a new ship on Thursday to search for oil and gas off Cyprus, in a move expected to escalate …

Norway raises interest rates as global peers eye cuts

AFP - 1h ago

The Bank of Norway raised its key interest rate on Thursday, bucking a worldwide trend by central banks looking at …

Tale of two cities: Hong Kong turmoil may boost Singapore

AFP - 1h ago

Hong Kong's reputation as a stable financial hub has been shaken by a controversial extradition bill that prompted …

Dollar sinks, Asia stocks rally as dovish Fed spurs rush to risk

AFP - 1h ago

The dollar and US Treasury yields fell, while Asian equities rallied Thursday after the Federal Reserve indicated it …

Renault-Nissan team up with Waymo for driverless mobility services

AFP - 2h ago

Renault and Nissan said Thursday they had teamed up with Waymo, the autonomous vehicle unit of Google-parent company …

Mexico ratifies new trade deal with US, Canada

AFP - 3h ago

Mexico ratified the new North American trade agreement Wednesday, making the country the first to give it final approval …

Ride on time: Recycled bikes get Myanmar kids to school

AFP - 5h ago

The clangor of bells in the air, Myanmar children race home from school on recycled bikes shipped from Singapore and …

Trade disputes to dominate as ASEAN meets in Bangkok

AFP - 5h ago

Southeast Asian leaders will dissect the impact of the US-China tariff war this weekend at a Bangkok summit, with …

Mumbai slum-dwellers fear Dharavi redevelopment

AFP - 6h ago

Residents of Asia's most famous slum fear a multi-billion-dollar plan to transform the area into a Singapore-like …

Skin deep: Japan's 'washi' paper torn by modern life

AFP - 6h ago

Once an indispensable part of daily life in Japan, ultra-thin washi paper was used for everything from writing and …

Dollar extends losses, Asia markets rally after Fed's dovish tilt

AFP - 4h ago

The dollar extended losses and Asian markets enjoyed another day of gains Thursday after the Federal Reserve indicated …

In Sudan, internet users find ways to beat blackout

AFP - 6h ago

In a lush garden cafe in Sudan's capital, a group of youngsters sit eyes glued to mobile phone screens, seeking ways to …

Tech firm Slack to make market debut, at $26 reference price

AFP - 9h ago

Cloud-based software firm Slack Technologies makes its debut on the New York Stock Exchange Thursday with a reference …

Export of Fish oil, meal a threat to millions in Africa: Greenpeace

AFP - 9h ago

The exporting of tonnes of fish oil and fish meal from Africa to China and Europe poses a serious danger to the diets of …

US-Japan trade deal progress likely in 'months': US official

Jun 19 2019

Tokyo understands Washington's desire to negotiate greater access to the Japanese market and efforts to reach a new …

US stocks rise, dollar falls as Fed signals it could soon cut rates

Jun 19 2019

Wall Street stocks advanced and the dollar fell after the Federal Reserve signaled it could soon cut interest rates due …

New York to get one of world's most ambitious carbon reduction plans

Jun 19 2019

New York state lawmakers on Wednesday passed one of the world's most ambitious laws aimed at countering climate change, …

Fed opens door to rate cut amid growing 'uncertainties'

Jun 19 2019

The Federal Reserve on Wednesday opened the door to an interest rate cut soon, vowing to act to keep the economy growing …

Mexican Senate opens debate on N.American trade deal

Jun 19 2019

Mexico's Senate began debating the new North American trade agreement Wednesday, putting the country on track to be the …

Pilots tell US Congress more training needed on 737 MAX

Jun 19 2019

US pilots, including Chesley "Sully" Sullenberger III, called Wednesday for enhanced training on the Boeing 737 MAX …

Universal says artists owed 'transparency' over devastating fire

Jun 19 2019

The world's largest music group Universal owes artists "transparency" over revelations that a 2008 fire devoured some …

Trump administration completes rollback of Obama anti-coal plan

Jun 19 2019

President Donald Trump's administration on Wednesday finalized its rollback of an Obama-era plan to cut harmful …

UK makes 'first' conviction over 3D printed gun

Jun 19 2019

A student was convicted on Wednesday of manufacturing a firearm using a 3D printer, in what London's police said they …

Stock markets hold their breath before Fed update

Jun 19 2019

Stock markets on both sides of the Atlantic paused Wednesday after the previous session's strong rally, as investors …

Crimped by sanctions, Russia quietly keeps busy at Paris Air Show

Jun 19 2019

The iconic red stars adorning Russian aircraft are noticeably absent from this year's Paris Air Show, but Russian …

Adidas loses EU court battle over 'three stripe' design

Jun 19 2019

German sportswear giant Adidas on Wednesday lost a legal battle to trademark its "three stripe" motif in the EU, as a …

Game of drones: Airports rally firms to battle threat from above

Jun 19 2019

A quadcopter drone appears on the radar screen and makes a beeline for the control tower at Paris' Le Bourget airport.

Trump pokes Fed on rates as policy meet opens

Jun 19 2019

With no letup in pressure from the White House, the Federal Reserve on Wednesday began the final day of a policy meeting …

Thousands of big energy reps at UN climate talks: monitor

Jun 19 2019

Lobby groups representing some of the world's biggest polluters have sent thousands of delegates to negotiations aimed …

European stock markets pause before Fed update

Jun 19 2019

European stock markets steadied Wednesday after the previous session's strong rally, as investors awaited a key monetary …

Gun 'that ended Van Gogh's life' sells for nearly triple estimate

Jun 19 2019

The revolver with which Vincent van Gogh is believed to have shot himself sold for 162,500 euros ($182,000) at a Paris …

In China's Chongqing, high-rises buck property slowdown

Jun 19 2019

In many Chinese cities, government restrictions have cooled formerly feverish property markets, but in the southwestern …

Gun 'that ended Van Gogh's life' goes under hammer

Jun 19 2019

The revolver with which Vincent van Gogh is believed to have shot himself goes under the hammer at a Paris auction house …

OPEC to meet July 1 and 2 after several postponements

Jun 19 2019

Major oil-producing countries meet in Vienna on July 1 and 2, the OPEC website and a delegate said Wednesday, after the …

Asian markets extend global rally as Trump fuels trade deal hope

Jun 19 2019

Asian markets rallied Wednesday after Donald Trump hailed "very good" phone talks with Xi Jinping and said they would …

UK crown dependencies agree greater tax transparency

Jun 19 2019

Guernsey, Jersey and the Isle of Man plan by 2023 to publish the currently secret information on ownership of companies …

Tiny houses entice budget-conscious Americans

Jun 19 2019

In a country that nearly always believes bigger is better -- think supersize fries, giant cars and 10-gallon hats -- …

Senegal shines in showcase for female tech innovation

Jun 19 2019

Barcode health cards, mobile apps for victims of violence and an online legal platform are just some of the ideas …

Promised $9 mn online, US teen killed 'best friend': police

Jun 19 2019

An American teenager has been charged with conspiring to murder her "best friend" after a man she met online offered her …

Trump-Xi meeting at G20 raises hope for trade truce

Jun 19 2019

US President Donald Trump and Chinese leader Xi Jinping have agreed to meet at the G20 summit in Japan next week, …

Kinshasa: Commuting hell in DR Congo's capital

Jun 19 2019

Cities almost everywhere have transport problems -- just ask people stuck in traffic jams or overcrowded trains for …

Trump continues to poke Fed as policy meet opens

Jun 19 2019

With no letup in pressure from the White House, the Federal Reserve on Wednesday is set to make its latest policy …

Slack primed as latest unicorn to make market debut

Jun 19 2019

The 2019 parade of big new Wall Street entrants continues this week with the debut of Slack Technologies, underscoring …

Facebook takes on the world of cryptocurrency with 'Libra' coin

Jun 18 2019

Facebook unveiled plans Tuesday for a new global cryptocurrency called Libra, pledging to deliver a stable virtual money …

ECB's Draghi brushes off Trump charge of currency manipulation

Jun 18 2019

European Central Bank chief Mario Draghi said Tuesday that the institution "doesn't target the exchange rate", shrugging …

Global stocks rally on G20 hopes, dovish ECB

Jun 18 2019

Global stocks scored strong gains Tuesday on twin investor-friendly developments: upbeat comments from the US and China …

Court accepts Brazil giant Odebrecht's bankrupcy protection request

Jun 18 2019

A court in Sao Paulo on Tuesday accepted a request by Brazilian conglomerate Odebrecht to begin a corporate recovery …

Google pledges $1 bn for housing crisis in Bay Area

Jun 18 2019

Google on Tuesday pledged to commit more than $1 billion to help address the severe housing crisis in the region that …

Anadarko to invest $25 billion in Mozambique gas project: govt

Jun 18 2019

US energy firm Anadarko plans to invest $25 billion (22 billion euros) in developing gas reserves off the northern …

Boeing's troubled 737 MAX gets huge vote of confidence from IAG

Jun 18 2019

US aircraft giant Boeing got a welcome vote of confidence in its beleaguered 737 MAX plane on Tuesday when International …

China to block pork imports from Canadian firm: Xinhua

Jun 18 2019

China will suspend pork imports from Canada's Frigo Royal after traces of a banned feed additive were found in its …

Europe wary as Facebook takes up cryptocurrency challenge

Jun 18 2019

European financial leaders on Tuesday vowed vigilance after Facebook announced it was diving into the cryptocurrency …

Only eight EU countries to phase out coal by 2030

Jun 18 2019

The EU said Tuesday that eight of its 28 member countries aim to phase out coal-powered electricity by 2030, triggering …

Germany's Siemens says to cut 2,700 jobs worldwide

Jun 18 2019

Industrial conglomerate Siemens said Tuesday it would slash 2,700 jobs worldwide at its gas and power unit, including …

Eight EU countries to phase out coal by 2030

Jun 18 2019

Eight of the EU's 28 countries have pledged to phase out coal for electricity production by 2030 to reduce greenhouse …

Saudi, Philippines airlines order Airbus, IAG goes for Boeing

Jun 18 2019

Saudi Arabian Airlines, the kingdom's national airline, said Tuesday it had ordered 65 A320neo-type aircraft from …

With virtual money, Facebook bets on disrupting the world, again

Jun 18 2019

Facebook's ambitious plan for a virtual currency has the potential to disrupt the way people store, spend and send money …

'Super Mario' sends stock markets skyward

Jun 18 2019

European Central Bank Mario Draghi sent Europe's stock and bond markets surging on Tuesday by hinting at further …

US Fed meet opens as markets eye shift in course

Jun 18 2019

Under intense scrutiny from the White House, the US central bank opened its two-day policy meeting on Tuesday to decide …

IAG signals intent to buy 200 Boeing 737 MAX aircraft

Jun 18 2019

US aircraft giant Boeing and British Airways owner International Airlines Group have signed a letter of intent for …

Trump says having 'extended meeting' with Xi at G20 summit

Jun 18 2019

US President Donald Trump said Tuesday he had a positive phone conversation with his Chinese counterpart Xi Jinping and …

With 'Libra,' Facebook takes on the world of cryptocurrency

Jun 18 2019

Facebook unveiled plans Tuesday for a new global cryptocurrency called Libra, pledging to bring a stable virtual money …

Trump cries currency manipulation over ECB talk of rate cuts

Jun 18 2019

European Central Bank chief Mario Draghi sparked anger from US President Donald Trump on Tuesday, when his hint at …

France demands 'guarantees' on Facebook's cryptocurrency plan

Jun 18 2019

France's finance minister said Tuesday that strong guarantees were needed over the use of cryptocurrencies after …

US home construction dips in May

Jun 18 2019

Construction of new homes dipped in May, with declines across much of the country, according to new data released …

Greece calls on EU to condemn 'illegal' drilling off Cyprus

Jun 18 2019

Greek Prime Minister Alexis Tsipras on Tuesday demanded that the European Union issue a reprimand to Turkey for its …

Berlin opts for five-year freeze on rents to curb rocketing rates

Jun 18 2019

Berlin's government on Tuesday moved to freeze rents in the booming German capital for five years from 2020 in their …

Can Turkey crawl back from the economic brink?

Jun 18 2019

Hizir Albayrak began work in a tiny children's store in the Istanbul bazaar 25 years ago, in the same year that future …

Cyprus expects 'stronger' EU stand on Turkey's drilling

Jun 18 2019

Cyprus said Tuesday it expects the European Union to adopt a firmer stance over Turkey’s bid to drill for oil and gas …

The smartphone: a global product

Jun 18 2019

Smartphones are a product with which China has demonstrated not only its manufacturing prowess, but its ambitions to …

Slashing plane emissions a lofty goal, but progress elusive

Jun 18 2019

The aircraft industry is facing growing criticism over greenhouse gas emissions that are set to soar as more people take …

Saudi, Philippines airlines place big Airbus orders at Paris show

Jun 18 2019

Saudi Arabian Airlines, the kingdom's national airline, said Tuesday it had ordered 65 A320neo-type aircraft from …

DR Congo's army moves in to dislodge illegal miners

Jun 18 2019

Democratic Republic of Congo's army has sent a battalion of troops to oust illegal miners from land worked by a …

Ireland to ban sales of new petrol and diesel cars by 2030

Jun 18 2019

Ireland has announced it will ban the sale of new petrol and diesel vehicles by 2030 as part of its new climate change …

French minister presses Renault to back Nissan reforms

Jun 18 2019

French Finance Minister Bruno Le Maire on Tuesday urged Renault to back governance reforms at Japan's Nissan, saying it …

Draghi excites eurozone markets with rate cut talk

Jun 18 2019

Markets reacted strongly Tuesday to European Central Bank chief Mario Draghi's renewed openness to lowering interest …

German investor confidence crashes as global tensions mount

Jun 18 2019

Confidence among German investors plunged in June, a closely-watched survey showed Tuesday, amid rising Middle East …

Heathrow publishes 'masterplan' for controversial third runway

Jun 18 2019

London Heathrow, Europe's busiest airport, on Tuesday issued plans for its controversial third runway, including the …

How cryptocurrencies can replace other pay options

Jun 18 2019

Cryptocurrencies live in a volatile, roller-coaster world, which Facebook is seeking to change with its new Libra …

EU urged to halt trade talks with S. America over Brazil abuses

Jun 18 2019

Hundreds of activist groups on Tuesday urged the EU to "immediately halt negotiations" for a trade deal with Mercosur …

ECB's Draghi urges 'faster' move to shared eurozone budget

Jun 18 2019

Eurozone governments should move "faster" towards a joint budget that could help smooth economic shocks and support …

Asian markets rise with focus on Fed policy meeting

Jun 18 2019

Asian markets mostly rose Tuesday but gains were limited, with investors treading uneasily as they await the conclusion …

Sanofi turns to Google in search for better treatments

Jun 18 2019

French pharmaceutical firm Sanofi said Tuesday it is partnering with Google to use artificial intelligence and deep …

Asian markets mostly up as Fed meeting looms

Jun 18 2019

Asian markets mostly rose Tuesday but gains were limited, with investors treading uneasily as they await the conclusion …

Science suffers collateral damage as US, China tensions rise

Jun 18 2019

A rise in US visa denials for Chinese academics and intensified scrutiny of alleged links to Beijing over fears of …

Miracle of 'Wild Boars' rescue transforms Thai cave into tourist draw

Jun 18 2019

Tourists snap selfies by a bronze statue of the diver who died trying to save the 'Wild Boars' football team from a …

Asian markets mostly rise as Fed meeting looms

Jun 18 2019

Asian markets mostly rose Tuesday but gains were limited with investors treading uneasily as they await the conclusion …

In Germany, activists battle food waste with dumpster diving

Jun 18 2019

Wearing a balaclava and a headlamp under the cover of night, Andrea slips under an imposing fence into the backyard of a …

How cities around the globe fight rising rents

Jun 18 2019

Berlin has become the latest anti-gentrification battleground, with authorities poised Tuesday to freeze rents for five …

Berlin poised for rent freeze to curb rocketing rates

Jun 18 2019

Berlin authorities will decide Tuesday whether to freeze rents in the booming German capital over the next five years, …

Mexico court blocks airport project in blow to AMLO

Jun 18 2019

A judge in Mexico has ordered President Andres Manuel Lopez Obrador's government to halt construction on a new airport …

Scandal-ridden Brazil giant Odebrecht seeks bankruptcy protection

Jun 18 2019

Scandal-ridden Brazil construction giant Odebrecht, which has admitted to spending nearly $800 million to bribe …

French billionaire Drahi to acquire Sotheby's in $3.7 bn deal

Jun 18 2019

French telecoms and media mogul Patrick Drahi is acquiring Sotheby's auction house, one of the world's biggest art …

Sotheby's, grand old lady of auction houses, eclipsed by Christie's

Jun 17 2019

Long a giant in the competitive world of auction houses, Sotheby's once led the glamorous field of fine arts sales, but …

Global stocks mostly rise ahead of key Fed meeting

Jun 17 2019

The world's stock markets mostly ticked upwards on Monday as investors moved cautiously at the start of a busy week …

Argentina opens probe into blackout causes

Jun 17 2019

Argentina announced an inquiry into the causes of a massive blackout that left nearly 50 million people without power as …

Facebook to unveil new cryptocurrency

Jun 17 2019

Facebook is set Tuesday to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the …

From cable to Sotheby's: the Drahi empire

Jun 17 2019

The famous auction house Sotheby's is set to become the latest company to be snapped up by Franco-Israeli magnate …

Greenpeace claims forcing BP oil rig U-turn

Jun 17 2019

Greenpeace said Monday that its seafaring campaigners had forced British energy giant BP to turn around an oil rig …

Canada drug store chain to use blockchain to trace cannabis

Jun 17 2019

Canada's biggest drug store chain said Monday it plans to use blockchain technology to trace the source of the cannabis …