Business and Tech

Aramco declares $1.71 trillion valuation in blockbuster IPO

AFP - 1h ago

Saudi Arabia on Sunday put a value of up to $1.71 trillion on energy giant Aramco in what could be the world's biggest …

Devastated Venice braced for third major flood

AFP - 1h ago

Venice was braced Sunday for an unprecedented third major flooding in less than a week, with sea water due to swamp the …

Billionaire Zara founder builds global real estate empire

AFP - 3h ago

Spanish billionaire Amancio Ortega, the founder of clothing giant Zara, has built up a global real estate empire that …

Many pitfalls in reform of Africa's CFA franc

AFP - 4h ago

Calls to overhaul the West African CFA franc, a currency tied to the euro and historically rooted in French colonial …

US, China negotiators hold 'constructive' call on trade deal: ministry

AFP - 5h ago

Top Chinese and US trade negotiators held "constructive" discussions over the phone on a preliminary trade deal between …

One year after arrest, Ghosn seeks to throw out case against him

AFP - 5h ago

One year ago, the sudden arrest at a Tokyo airport of Nissan boss Carlos Ghosn, one of the world's best-known and …

Renault-Nissan alliance in flux a year after Ghosn shock

AFP - 5h ago

A year on from the shock fall of boss Carlos Ghosn, the Renault-Nissan automobile alliance is bent on a reboot to leave …

Google enters battle for cloud gaming market

AFP - 5h ago

Ever-expanding Google becomes a gaming company Tuesday with the launch of its Stadia cloud service that lets people play …

A hands-on look at Google's Stadia cloud game service

AFP - 6h ago

Gamers were counting down to Tuesday's launch of Google's feature-rich, on-demand offering Stadia. But is its bang as …

South African Airways hold talks with unions over strike

AFP - 7h ago

South African Airways on Saturday held a first round of mediated talks with unions, one day after its workers launched …

Inundated Venice braced for more flooding, strong winds

Nov 16 2019

Venice was on alert for more floods and fierce winds on Saturday after an exceptionally high tide swamped the city of …

South African Airways begins talks with unions over strike

Nov 16 2019

South African Airways on Saturday started mediated talks with unions, one day after its workers launched an open-ended …

EU 2020 budget talks drag on because of disagreement

Nov 16 2019

Talks setting the EU's budget for next year are going down to the wire because of disagreement between member states and …

UAW members ratify Ford labor agreement

Nov 16 2019

Members of United Auto Workers have approved a new labor agreement with auto giant Ford, the union announced late …

US-China trade war jitters persist in financial sector: Fed

Nov 16 2019

Market players, bankers and investors still see the US-China trade war as the top near-term threat to US financial …

Twitter exempts some 'cause-based' messages from political ad ban

Nov 16 2019

Twitter said Friday its ban on political ads will exempt "caused-based" messages on topics related to social or …

S&P downgrades protest-hit Lebanon

Nov 16 2019

S&P Global Ratings Friday downgraded Lebanon's sovereign debt, saying a twin political and economic crisis had hit …

Judge lowers opioid settlement to $465 million, blames error

Nov 16 2019

An Oklahoma judge who had ordered Johnson & Johnson to pay $572 million for its role in the opioid crisis on Friday …

Taylor Swift-label feud underscores tensions over music ownership

Nov 16 2019

Unleash the Swifties: Taylor Swift has tapped her millions-strong social media fan base to pressure the heads of her …

Wall Street sails to new records on hopes for a China trade deal

Nov 15 2019

Wall Street's faith in an imminent breakthrough in US-China trade talks sent stocks sailing to fresh all-time highs on …

France reverse palm oil tax break after outcry

Nov 15 2019

France's parliament on Friday voted down a proposed tax break on palm oil -- which would have hugely benefited energy …

Top US court to hear key Google-Oracle software case

Nov 15 2019

The US Supreme Court on Friday agreed to hear a software copyright case pitting Oracle against Google in which billions …

US-China deal could be signed by ministers: White House

Nov 15 2019

A partial trade agreement between the United States and China could be signed at the ministerial level, not by the two …

Italy files appeal to stop ArcelorMittal dropping steel deal

Nov 15 2019

The Italian government said it filed a legal appeal on Friday designed to prevent global giant ArcelorMittal from …

Trump again pledges tax cut if voters return House to Republicans

Nov 15 2019

US President Donald Trump again vowed on Friday that America's middle class would see a "major tax cut" if the …

India shelves consumer spending report after leaked data shows slump

Nov 15 2019

India said Friday that it would not release a controversial report on shrinking consumer demand after a leading business …

France calls new vote on palm oil tax break for Total

Nov 15 2019

French Prime Minister Edouard Philippe on Friday called a fresh vote on a palm oil tax break for energy giant Total, …

United joins Southwest, American in new 737 MAX delay

Nov 15 2019

United Airlines said Friday it pushed back its expected date for Boeing's 737 MAX aircraft to return to service, …

Eurostar looks past Brexit in anniversary year

Nov 15 2019

The boss of Eurostar, the high-speed rail service linking London with Paris and Brussels, has predicted another …

Apple bans vaping apps from App Store

Nov 15 2019

Apple on Friday said it is banning vaping-related apps from its App Store due to concerns that e-cigarette use can …

London stocks steady despite BT nationalisation pledge

Nov 15 2019

London stocks crept ahead Friday, mirroring gains elsewhere, after earlier dipping when Britain's opposition Labour …

Fears grow on digital surveillance: US survey

Nov 15 2019

Americans are increasingly fearful of monitoring of their online and offline activities, both by governments and private …

Volkswagen says to invest 60 bn euros by 2024 in cars of the future

Nov 15 2019

German car giant Volkswagen said Friday it would plough 60 billion euros ($66 billion) by 2024 into its switch to …

London stocks hit by BT nationalisation pledge

Nov 15 2019

London stocks slid Friday, bucking gains elsewhere, after Britain's opposition Labour Party vowed to nationalise parts …

Volkswagen says to invest 60 bn euros by 2024 in future car models

Nov 15 2019

German car giant Volkswagen said Friday it would plough 60 billion euros ($66 billion) by 2024 into its switch to …

In election pledge, UK Labour promises free broadband for all

Nov 15 2019

Britain's main opposition Labour party on Friday promised free, fast broadband internet for everyone, in the most …

EU regulators circle on Apple Pay

Nov 15 2019

The EU's powerful anti-trust regulator is taking a closer look at Apple Pay, an official said on Friday, amid worry that …

Vietnam jails music teacher for 'undermining' state

Nov 15 2019

Vietnam sentenced a music teacher to 11 years in prison on Friday for Facebook posts that allegedly undermined the …

South African Airways hit by crippling strike

Nov 15 2019

South African Airways workers on Friday embarked on an indefinite strike for higher wages and against the national …

What is Alibaba, China's e-commerce giant?

Nov 15 2019

Formed in the Hangzhou flat of co-founder Jack Ma in 1999, Alibaba has ridden the seemingly insatiable Chinese appetite …

Share roller-coaster for India telecom rivals ends on a high

Nov 15 2019

Shares in Indian telecom giants Vodafone Idea and Bharti Airtel went through wild swings on Friday after they reported …

Poland to end major Russian gas contract by 2022

Nov 15 2019

Poland's PGNiG state-owned natural gas company announced on Friday it would not extend a major contract with Russian gas …

France's Total faces outcry after winning back palm oil tax break

Nov 15 2019

Several French lawmakers demanded Friday a new vote over a controversial tax break for using palm oil to create biofuel, …

Airbus plane winging its way to France after 'wet sock' complaint

Nov 15 2019

A new Airbus plane will be sent back to engineers in France following complaints of a "smell of wet sock" from cabin …

Indian consumer demand falls for first time in decades: report

Nov 15 2019

Consumer spending in India has slumped for the first time in four decades, a leading business daily reported Friday, …

Alibaba confirms huge Hong Kong public listing worth at least $13bn

Nov 15 2019

Chinese technology giant Alibaba on Friday confirmed plans to list in Hong Kong in what it called a $13 billion vote of …

Indian rural demand slumps to four-decade low: media

Nov 15 2019

Consumer spending in India's rural areas has plummeted to a four-decade low, a leading business daily reported Friday, …

Asian markets boosted by fresh China-US trade optimism

Nov 15 2019

Asian markets mostly rose Friday as trade hopes were given a boost by Donald Trump's economic aide saying "enormous …

UK Labour promises free broadband for all

Nov 15 2019

Britain's main opposition Labour party on Friday promised free, fast broadband internet for everyone, in an eye-catching …

Pig infected with African swine fever washes up in Taiwan

Nov 15 2019

A floating dead pig infected with African swine fever washed up in Taiwan last week, according to a UN report, which …

India telecom rivals see wild share swings after record losses

Nov 15 2019

Shares in Indian telecom giants Vodafone Idea and Bharti Airtel went through wild swings on Friday, initially sinking …

Amazon says 'bias' in Pentagon awarding $10 bn contract to Microsoft

Nov 15 2019

Amazon on Thursday challenged the awarding of a $10 billion Pentagon cloud computing contract to Microsoft, alleging …

Climate change looms over giant Saudi energy IPO

Nov 15 2019

As investors weigh up the value of Saudi energy colossus Aramco ahead of its IPO next month, the global drive to contain …

Alibaba confirms huge Hong Kong public listing

Nov 15 2019

Chinese technology giant Alibaba confirmed Friday its plans to list on the Hong Kong stock exchange, in an initial …

Birao's militia powderkeg in north Central African Republic

Nov 15 2019

A heavy silence hangs in the dusty alleys of Birao, in the extreme northeast of Central African Republic, where figures …

European stocks sag on weak eurozone growth

Nov 14 2019

Europe's stock markets retreated Thursday as official data confirmed news of weak eurozone growth, while lingering …

EU bank to stop funding fossil fuels in 'landmark decision'

Nov 14 2019

The European Union's investment arm said Thursday it will stop funding fossil fuel projects from 2022 as part of a new …

Algeria adopts controversial energy law

Nov 14 2019

Algeria's parliament Thursday adopted a controversial law aimed at boosting investment in the oil and gas sector, state …

Arab fund offers $305 mln loan to cash-starved Sudan

Nov 14 2019

Sudan said Thursday it would receive a $305 million loan from an Arab fund to help tackle the country's worsening …

Netflix to fix Holocaust documentary after Poland complains

Nov 14 2019

Netflix on Thursday said it would add information to a Holocaust documentary on Nazi German death camps that Poland said …

In swipe at US, BRICS hit out at protectionism

Nov 14 2019

Five of the biggest emerging economies railed against protectionism on Thursday as they vowed to overcome "significant …

Canopy Growth losses sends pot stocks tumbling

Nov 14 2019

Canada's largest cannabis company, Canopy Growth, posted larger than expected losses on Thursday, sending its and …

Fed's Powell said no 'warning signs' in US economy

Nov 14 2019

The US economy is a global standout at the moment, showing none of the signs of trouble that have preceded other …

South African Airways cancels all flights after strike call

Nov 14 2019

South African Airways (SAA) said it was cancelling 200-odd flights on Friday and Saturday following a strike call by …

Pelosi: USMCA passage could occur 'this year'

Nov 14 2019

The US House of Representatives could approve a new North American trade pact before the end of 2019, Speaker Nancy …

Medicines pose global environmental risk, experts warn

Nov 14 2019

Residues from billions of doses of antibiotics, painkillers and antidepressants pose a significant risk to freshwater …

In swipe at US, BRICS hit out at trade protectionism

Nov 14 2019

Five of the biggest emerging economies railed against protectionism on Thursday as they vowed to overcome "significant …

'Beverly Hills Cop' back on the beat in new Netflix sequel

Nov 14 2019

Netflix will produce a fourth sequel to "Beverly Hills Cop," the 25-year-old franchise starring Eddie Murphy, who will …

Tariffs' removal a 'condition' for US trade deal: China

Nov 14 2019

China on Thursday said eliminating tariffs was a "condition" for reaching a trade agreement with the United States, a …

Walmart touts growing momentum as Q3 earnings surge to $3.3 bn

Nov 14 2019

Retail giant Walmart saw profits surge in the latest quarter on an explosion in online sales and are looking to build on …

Bloomberg presidential bid may put unwelcome focus on his media group

Nov 14 2019

Michael Bloomberg's likely run for the presidency would create a hornet's nest of practical and ethical problems for his …

Bolsonaro says Brazil to stay out of trade war

Nov 14 2019

Brazil will not get involved in a trade war, President Jair Bolsonaro said Thursday, after US-foes China and Russia …

Walmart Q3 earnings surge to $3.3 bn, beating expectations

Nov 14 2019

Retail giant Walmart saw profits surge in the latest quarter on an explosion in online sales and a boost from Indian …

European stocks mostly sag on weak eurozone growth

Nov 14 2019

Europe's stock markets mostly dipped Thursday as official data confirmed news of weak eurozone growth.

Hanoi struggles to curb fake "Made in Vietnam" goods

Nov 14 2019

Vietnam is struggling to curb fraud in exports destined for America, custom officials said Thursday, as manufacturers …

France's EDF cuts nuclear output forecast after quake

Nov 14 2019

French electricity giant EDF on Thursday cut its forecast for nuclear energy production this year after suspending …

China says 'in depth' talks on tariffs removal underway with US

Nov 14 2019

China Thursday said it is discussing with the US "in depth" about a first phase trade deal and a potential rollback of …

Relief and fears for future after Germany dodges recession

Nov 14 2019

Germany on Thursday dodged a technical recession with a slight third-quarter growth, leaving analysts divided over …

Asian equities swing as trade cues awaited, Hong Kong down again

Nov 14 2019

Asian markets fluctuated Thursday following another Wall Street record as Donald Trump hailed progress in US-China trade …

Germany squeaks past recession with slight third-quarter growth

Nov 14 2019

Germany defied forecasts of a second quarterly contraction in a row in July-September with inching economic growth, …

Asian equities swing as trade cues awaited, Hong Kong in focus

Nov 14 2019

Asian markets fluctuated Thursday with investors shifting cautiously following another Wall Street record as Donald …

Taiwan halts sales of three Huawei phones in wording row

Nov 14 2019

Taiwan has suspended sales of three Huawei smartphone models that listed it as "Taiwan, China" for timezones and …

China's economy shows further signs of weakness

Nov 14 2019

China's economy showed further signs of strain on Thursday with data showing a sharp slowdown in consumer spending and …

Chinese tourists say 'I do' to Serbia

Nov 14 2019

A "bride" in a pretty white dress and trainers runs through a field, her long white veil fluttering behind and her …

Disputed Western Sahara becomes kitesurfing hotspot

Nov 14 2019

In the heart of disputed Western Sahara, a former garrison town has become an unlikely tourist magnet after kitesurfers …

Google checking account service on its way: report

Nov 14 2019

Google plans to launch a checking account service next year in a collaboration with Citigroup and a credit union in …

Facebook says AI getting better at spying unwanted content

Nov 14 2019

Facebook on Wednesday said that its software is getting more skilled at spying banned content at the social network, …

Germany on cusp of recession as headwinds grow

Nov 14 2019

Germany was bracing Thursday to find out if it slipped into recession in the third quarter as trade tensions take their …

Facebook nixes billions of fake accounts

Nov 13 2019

Facebook on Wednesday said it has taken down some 5.4 billion fake accounts this year in a sign of the persistent battle …

South African Airways cancels flights ahead of strike

Nov 13 2019

South African Airways (SAA) said Wednesday it was cancelling all its flights as thousands of workers vowed to press …

Stocks hit by trade doubts, Hong Kong unrest

Nov 13 2019

Soaring Disney shares lifted Wall Street to fresh records on Wednesday while stocks elsewhere in the world sagged as new …

UAW leader unveils ethics reforms after corruption probe

Nov 13 2019

Wracked by corruption scandals in the powerful union, the interim leader of the United Auto Workers on Wednesday …

Trump says will make decision on auto tariffs 'very soon'

Nov 13 2019

President Donald Trump said Wednesday he will announce his decision on tariffs on imported autos "very soon."

US household debt nears $14 tn in Q3: NY Fed

Nov 13 2019

Borrowing by American households rose for the 21st straight quarter in the July-September period and is more than $1 …

Fed's Powell urges Congress to focus on debt, deficit

Nov 13 2019

Federal Reserve chief Jerome Powell urged Congress on Wednesday to take action on the rising US debt and deficit to …

Disrupting the disruptor: Disney+ signs up 10 mn in day

Nov 13 2019

Walt Disney Co.'s new streaming television service Disney+ got off to a roaring start by signing up 10 million …

Canada spy agencies split over proposed Huawei 5G ban: media

Nov 13 2019

Canada's spy agencies are divided over whether or not to ban Chinese technology giant Huawei from fifth generation (5G) …

Disney+ streaming service gets 10 mn subscribers at launch

Nov 13 2019

Walt Disney Co. said Wednesday it signed up 10 million subscribers for Disney+ within a day of launching its new …

Promise and peril for German carmakers in Tesla's Berlin touchdown

Nov 13 2019

Hopes are high that US electric pioneer Tesla's first European factory just outside Berlin will boost German carmakers, …

South African Airways workers to strike over mass layoff plans

Nov 13 2019

Thousands of workers at South African Airways (SAA) will launch an indefinite strike on Friday, unions said, after the …

Fed's Powell expects 'sustained expansion' of US economy

Nov 13 2019

The US economy is likely to continue to grow but faces continued risks from the global slowdown and trade disputes, …

Hot gasoline prices warm up US inflation in October

Nov 13 2019

A flare-up in US fuel prices in October sparked the biggest bump consumer inflation in seven months, but other price …