Business and Tech

UK supermarket Sainsbury's announces CEO exit

AFP - 6m ago

British supermarket Sainsbury's on Wednesday announced the departure of chief executive Mike Coupe, who failed to merge …

Daimler sees new diesel charges of up to 1.5 bn euros in 2019

AFP - 17m ago

Mercedes-Benz parent company Daimler said Wednesday that additional charges related to diesel emissions would weigh on …

S. Korea posts lowest growth in a decade for 2019

AFP - 1h ago

South Korea's economy expanded at its slowest pace for a decade last year, hampered by prolonged trade tensions between …

Saudi dismisses link to hack of Amazon owner Bezos

AFP - 2h ago

The Saudi embassy in Washington on Tuesday dismissed suggestions the kingdom hacked the phone of Washington Post owner …

German raids over suspected Mitsubishi diesel fraud

AFP - 5h ago

German prosecutors have raided 10 business premises as part of a probe into suspected diesel emissions cheating …

Japanese maker pushes umami overhaul for much-maligned MSG

AFP - 5h ago

Umami-bomb or toxic allergen? There are perhaps few condiments as controversial as MSG, but most scientists say it's …

S. Korean posts lowest growth in a decade for 2019

AFP - 4h ago

South Korea's economy expanded at its slowest pace for a decade last year, hampered by prolonged trade tensions between …

Gold miners face dangerous life in Nigeria's 'bandit' country

AFP - 6h ago

From dawn, before the sun starts to sear the earth, Biltamnu Sani is already hard at work, pounding away at the dusty …

Wuhan virus compounds Hong Kong's economic woes

AFP - 6h ago

The emergence of a SARS-like virus in China is the last thing Hong Kong's struggling economy needs, analysts say, as the …

Asian markets mostly up but killer virus fuels new SARS fears

AFP - 6h ago

Asian investors shifted cautiously Wednesday after the previous day's sharp losses but they remained on edge after a …

Netflix ramps up global subscribers, but sees slower growth ahead

AFP - 4h ago

Netflix said Tuesday it added millions of new subscribers globally over the past quarter as it prepared up for a tougher …

Boeing says 737 MAX return delayed until mid-2020

Jan 21 2020

Boeing on Tuesday officially pushed back the timeframe for the 737 MAX to return to the skies, sending shares plunging …

Dos Santos revelations turn spotlight on financial 'facilitators'

Jan 21 2020

Revelations about Angola's Isabel dos Santos have again turned the spotlight on multinational companies and "Big Four" …

Virus fears infect global markets

Jan 21 2020

Asian stock markets slumped Tuesday as a SARS-like virus taking hold in China spooked investors, while sentiment …

Spanish jeweller TOUS in false advertising probe

Jan 21 2020

A court in Spain said Tuesday it has opened an investigation into accusations that Spanish jewellery chain TOUS sold …

Brazil prosecutors charge Greenwald with cybercrimes

Jan 21 2020

Prosecutors in Brazil charged US journalist Glenn Greenwald on Tuesday with cybercrimes after his investigative website …

EU announces funding for Ariane 6 and other space-tech

Jan 21 2020

The European Union on Tuesday announced 200 million euros ($222 million) of funding for the Ariane 6 rocket launcher and …

Vale ex-boss charged with homicide over Brazil dam collapse: official

Jan 21 2020

State prosecutors in Brazil on Tuesday charged the ex-boss of mining giant Vale and 15 others with intentional homicide …

Boeing shares tumble as it sees mid-2020 MAX return

Jan 21 2020

Boeing officially pushed back the timeframe for the 737 MAX's return on Tuesday, saying the jet will not win regulatory …

Lebanon caps dollar exchange rate

Jan 21 2020

Money changers in protests-hit Lebanon agreed Tuesday to cap the dollar exchange rate at 2,000 pounds as part of efforts …

Vale, auditor charged over deadly Brazil dam collapse: official

Jan 21 2020

State prosecutors in Brazil on Tuesday charged mining giant Vale, its German auditor and 16 individuals over a massive …

Trump tears into environmental 'doom' mongers at Davos forum

Jan 21 2020

President Donald Trump tore into environmental "prophets of doom" at the Davos forum Tuesday, rejecting fiery warnings …

First flight of Boeing's 777X set for Thursday: sources

Jan 21 2020

Following months of delay on a plane under development, Boeing plans the first flight for its new long-range 777X on …

Huawei exec fights extradition on day two of Canada hearings

Jan 21 2020

The Chinese telecoms executive whose arrest in Canada has badly strained the country's relations with Beijing returns to …

Canada to start ratification of N.America trade deal

Jan 21 2020

The Canadian parliament will begin ratification of the new North American trade pact next week, Prime Minster Justin …

Germany launches raids over suspected Mitsubishi diesel fraud

Jan 21 2020

German prosecutors on Tuesday said they were searching business premises across the country as part of an investigation …

Budget battle hampers EU in space

Jan 21 2020

Space is becoming increasingly militarised and European satellites are under-protected, experts warned Tuesday, voicing …

Trump, EU commission chief discuss 'trade deal' in Davos

Jan 21 2020

US President Donald Trump and new EU Commission President Ursula von der Leyen said on Tuesday that they are working …

French union cuts power to thousands of homes in pensions protest

Jan 21 2020

Striking workers at France's national grid operator cut off electricity to thousands of businesses and homes south of …

Portugal under pressure after Angola graft scoop

Jan 21 2020

Sensational graft allegations against Isabel dos Santos, daughter of Angola's former president, have turned an …

Adidas bets on recycled material 'to combat ocean plastic'

Jan 21 2020

German sportswear giant Adidas said Tuesday more than half of the polyester used in its products this year would come …

South African Airways cancels flights in bid to save cash

Jan 21 2020

Beleaguered national airline South African Airways (SAA) announced on Tuesday it was cancelling 10 domestic and one …

France, US agree to extend talks over tech tax

Jan 21 2020

Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on tech …

US calls for immediate resumption of Libya oil operations

Jan 21 2020

The United States called Tuesday for an immediate resumption of Libya's lifeline oil exports that have been blocked by …

Trade deals boosting US growth, Boeing 737 MAX a drag: Mnuchin

Jan 21 2020

Recent trade deals with China and neighbouring Mexico and Canada will boost growth in the United States this year but …

France, US agree to extend talks over digital tax

Jan 21 2020

Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on digital …

Facebook to boost site safety with 1,000 more UK staff

Jan 21 2020

Facebook on Tuesday said it plans to create 1,000 more London-based jobs this year to improve safety on the social …

No joke: Denmark to cut kids off from laughing gas

Jan 21 2020

Denmark plans to ban sales of laughing gas to minors to prevent them from using the substance -- which is used for …

Airbus to build second production line in France for A321 jets

Jan 21 2020

European aircraft maker Airbus said Tuesday it will build a new production line for its hugely popular A321 single-aisle …

Trump rejects climate 'prophets of doom' as Thunberg warns Davos

Jan 21 2020

US President Donald Trump on Tuesday assailed environmental "prophets of doom", delivering an uncompromising message in …

France, US agree to extend digital tax row talks

Jan 21 2020

Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on digital …

Stock markets slide on fears over spreading virus

Jan 21 2020

Global stock markets slumped Tuesday as a SARS-like virus taking hold in China spooked investors, while sentiment …

South Africa Airways cancels flights in bid to save cash

Jan 21 2020

Beleaguered national airline South African Airways (SAA) announced on Tuesday it was cancelling 10 domestic and one …

Davos financiers pump $1.4tn into fossil fuels: Greenpeace

Jan 21 2020

Some of the world's biggest banks, insurers and pension funds have collectively invested $1.4 trillion in fossil fuel …

Huawei chief says US may 'escalate' but confident on business

Jan 21 2020

The chief executive of Chinese telecoms giant Huawei on Tuesday said he was ready for the United States to escalate a …

Disney+ European streaming launch set for March 24

Jan 21 2020

US entertainment behemoth Disney said Tuesday that it would begin rolling out its Disney+ streaming service in Europe on …

Thunberg condemns climate inaction as Trump joins Davos

Jan 21 2020

Swedish teen activist Greta Thunberg on Tuesday slammed the business elite for doing "basically nothing" on climate …

Trump arrives in Davos hours before impeachment trial reopens

Jan 21 2020

US President Donald Trump arrived in Davos on Tuesday for the annual WEF forum, where he was to give a keynote speech …

Hong Kong tourism-linked stocks fall as virus spooks investors

Jan 21 2020

Tourism-linked stocks sank in Hong Kong on Tuesday with investors spooked by confirmation that a deadly virus in China …

Thunberg slams climate change inaction as Davos awaits Trump

Jan 21 2020

Swedish teen activist Greta Thunberg on Tuesday slammed global inaction on climate change in front of the world's top …

Hong Kong leads Asia stocks down, while virus spooks markets

Jan 21 2020

Hong Kong stocks tumbled Tuesday after the city's credit rating was downgraded over its response to months of sometimes …

Bank of Japan lifts growth outlook, keeps easy money policy

Jan 21 2020

The Bank of Japan on Tuesday slightly upgraded its growth forecast for the world's third-biggest economy but kept its …

Swiss banking giant UBS books lower profits in 2019

Jan 21 2020

Swiss banking giant UBS said Tuesday its full-year profits fell last year, but that economic stimulus measures and …

Thunberg, Trump to offer competing visions at climate-focused Davos

Jan 21 2020

The starkly opposed visions of US President Donald Trump and Swedish teen activist Greta Thunberg on climate change will …

Hong Kong tourism stocks take hit as virus spooks investors

Jan 21 2020

Tourism-linked stocks sank in Hong Kong on Tuesday with investors spooked by confirmation that a deadly virus in China …

Uber sells meal delivery service in India to competitor

Jan 21 2020

Ride-share giant Uber has sold its meal delivery business in India to Zomato, one of its local competitors, as it steps …

IMF trims global growth estimates 2020-21 but sees improving outlook

Jan 21 2020

Easing US-China trade tensions have lessened uncertainty and the world economy may have hit bottom but a sharp slowdown …

Hong Kong leads Asian equities lower after fresh downgrade

Jan 21 2020

Hong Kong stocks tumbled Tuesday after Moody's downgraded the city's credit rating over its response to months of …

France, US agree to extend digital tax row talks: French diplomat

Jan 21 2020

Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on digital …

French campaigners highlight trawlers' deadly toll on dolphins

Jan 21 2020

Three knocks on the cabin door: "Half past midnight!"

Charges against Huawei exec 'fiction,' defense says at start of extradition hearing

Jan 21 2020

The Chinese telecommunications executive whose arrest in Vancouver badly strained Canada-China relations went to court …

Nearly half billion people lack decent jobs: UN

Jan 21 2020

More than 470 million people worldwide are currently unemployed or underemployed, the UN said on Monday, warning that a …

Canada court starts extradition hearing of China Huawei exec

Jan 20 2020

The Chinese telecommunications executive whose arrest in Vancouver badly strained Canada-China relations went to court …

Angola vows to bring back billionaire dos Santos over graft claims

Jan 20 2020

Angolan prosecutors vowed on Monday to use "all possible" means to bring back Isabel dos Santos, the former president's …

Industry spooked by UK stance on post-Brexit EU trade

Jan 20 2020

British industry voiced concern on Monday about a warning from finance minister Sajid Javid that there would be "no …

Belgium region 'totally opposes' Mercosur trade pact

Jan 20 2020

Belgium's southern Wallonia region, which briefly blocked an EU-Canada trade deal in 2016, said Monday it was "totally …

Venezuela opposition leader Guaido to attend Davos

Jan 20 2020

Venezuela's opposition leader Juan Guaido -- who declared himself acting president last year -- will attend this week's …

Global tourism growth slowed in 2019: UN

Jan 20 2020

Global tourism slowed in 2019 due to a cooling world economy, especially in Europe and Asia where uncertainties linked …

UK puts visas into pitch for post-Brexit trade with Africa

Jan 20 2020

Prime Minister Boris Johnson told African leaders Monday that Britain would be more open to migrants from their …

Moody's downgrades Hong Kong, blames government response to protests

Jan 20 2020

Hong Kong's reputation as a global business hub was dealt a fresh blow Monday after Moody's downgraded a key rating, …

Google chief urges 'proportionate' AI regulation

Jan 20 2020

As the EU puts the digital revolution at the heart of policymaking it should take a "proportional approach" to …

Moody's downgrades Hong Kong, blames government protest response

Jan 20 2020

Hong Kong's reputation as a global business hub was dealt a fresh blow Monday after Moody's downgraded a key rating, …

French strikes fizzle, but protests take a radical turn

Jan 20 2020

The longest transport strike in France in decades appeared to be petering out on Monday, with most Paris metro and …

Egypt village turns a profit on used tyres

Jan 20 2020

Residents of the Egyptian village of Mit al-Harun have for decades eked out a living by recycling old tyres into …

UK PM raises visas in pitch for post-Brexit trade with Africa

Jan 20 2020

Prime Minister Boris Johnson told African leaders Monday that Britain would be more open to migrants from their …

International tourism growth slows in 2019: UN

Jan 20 2020

The rise in the number of international tourist arrivals slowed to 4.0 percent in 2019, its slowest rate since 2016 due …

Stocks retreat as investors cash in on rally

Jan 20 2020

Global stock markets mostly retreated on Monday as investors booked profits after last week's rally and awaiting some …

World's 22 richest men have more than all women in Africa: Oxfam

Jan 20 2020

The number of billionaires has doubled in the past decade and the world's 22 richest men now have more wealth than all …

Huawei exec goes to Canada court to fight US extradition

Jan 20 2020

A senior Huawei executive whose arrest in Vancouver led to a breakdown in Canada-China relations headed to court on …

Asian markets mixed after recent gains but mood remains upbeat

Jan 20 2020

Most Asian markets were mixed Monday as investors took a step back after last week's rally, though the mood remains …

Billionaires richer than 60 percent of the world's population: Oxfam

Jan 20 2020

The world's billionaires have doubled in the past decade and are richer than 60 percent of the global population, the …

JPMorgan Chase buys new Paris building for post-Brexit move

Jan 20 2020

US bank JPMorgan Chase on Sunday said it had purchased a new building in the heart of Paris capable of holding 450 …

Spain's 'drunken gummy bears' on edge as Haribo bares its teeth

Jan 20 2020

Ander Mendez and his friends were hoping they'd struck it rich when they came up with the idea of selling …

Eyes on steady-as-she-goes ECB for hints on strategy rethink

Jan 20 2020

European Central Bank watchers will eye the institution closely Thursday for hints about its first "strategic review" in …

Asian markets swing after recent gains but mood remains upbeat

Jan 20 2020

Most Asian markets fluctuated Monday as investors took a step back after last week's rally, though the mood remains …

At 50, Davos matures beyond corporate 'speed dating'

Jan 20 2020

Like others approaching middle age, the World Economic Forum turns 50 insisting it has matured, that it has moved on …

Trump hails China trade deal as 'much better' than expected

Jan 20 2020

President Donald Trump on Sunday hailed the trade deal signed last week with China for dramatically improving relations …

Ex economy minister is Morales party pick in Bolivia president race

Jan 20 2020

Luis Arce, credited with steering Bolivia through years of economic growth, will be a presidential candidate in May …

The Red Cross is teaching Fortnite players to save, not take, lives

Jan 20 2020

Teaching online video game players to save lives, not take them -- that is the aim of a new product developed in an …

High hopes as Austria's new night train sets off for Brussels

Jan 20 2020

The first night train to set off for Belgium in 16 years departed from Vienna Sunday, carrying Austrian and European …

France announces 4 bn euros' foreign investment ahead of forum

Jan 19 2020

France announced Sunday nearly four billion euros ($4.4 billion) of foreign investment was coming into the country, as …

Cyprus brands Turkey 'pirate state' in gas drilling row

Jan 19 2020

Cyprus accused on Sunday Turkey of turning into a "pirate state", attacking Ankara's exploratory oil and gas drilling …

Climate activists march on Davos

Jan 19 2020

Hundreds of climate activists, young and old, embarked on a three-day march on Sunday to the make their voices heard at …

Qatar signs $470 mn solar deal

Jan 19 2020

Gas-rich Qatar signed a $470-million deal on Sunday to build its first solar energy plant, capable of meeting up to …

Cyprus says Turkey 'pirate state' in gas drilling dispute

Jan 19 2020

Cyprus on Sunday accused Turkey of "piracy" after Ankara announced new plans to drill for oil and gas in the divided …

Law on compulsory receipts sets Germans grumbling

Jan 19 2020

In January it became law in Germany that retailers must print a receipt for every last transaction in a bid to fight tax …

UK looks to offshore wind for green energy transition

Jan 19 2020

Britain, a global leader in offshore wind energy, plans to make the sector one of the pillars of its transition to …

BlackRock's Fink is Wall Street CEO who looks beyond finance

Jan 19 2020

Less familiar to the general public than Warren Buffett, BlackRock Chief Executive Larry Fink has become one of the true …

IT happens: Facebook sorry for Xi Jinping's name gaffe

Jan 18 2020

Facebook apologised Saturday for a distasteful mistranslation of Chinese President Xi Jinping's name from Burmese …

Farmer fury and environmental anger in protest-hit Germany

Jan 18 2020

From grumpy bee-keepers dumping honey on politicians' doorsteps to furious farmers holding up traffic, increasing …

Pro-Haftar forces 'block oil exports' from key Libya ports

Jan 18 2020

Forces loyal to military strongman Khalifa Haftar on Saturday blocked oil exports from Libya's main ports, the National …

China's Xi stands with Myanmar despite Rohingya genocide accusations

Jan 18 2020

China's Xi Jinping doubled down on his support for fallen rights icon Aung San Suu Kyi on Saturday, signing dozens of …