Business

China's Tencent becomes more valuable than Facebook

AFP - 21m ago

Chinese social media and video game giant Tencent became more valuable than Facebook on Tuesday as investors sent the …

European stock markets edge higher; EasyJet shares take off

AFP - 1h ago

Europe's main stock markets rose slightly on Tuesday but EasyJet's share price was propelled higher on a positive …

Sharapova named in India luxury housing fraud probe

AFP - 1h ago

Five-time Grand Slam champion Maria Sharapova is under investigation in India for cheating and criminal conspiracy after …

Turkish lira hits record low against US dollar

AFP - 2h ago

The Turkish lira hit record lows in value against the US dollar on Tuesday as investors took fright over an impending …

UK ministers agree in principle to higher Brexit bill: sources

AFP - 3h ago

Senior British ministers have agreed to offer more money to Brussels as part of Brexit negotiations, but only as part of …

Asian markets rally after Wall St lead, euro struggles

AFP - 1h ago

Asian markets mostly rose on Tuesday as traders took heart from a healthy run on Wall Street, though German political …

China's Tencent overtakes Facebook in market value

AFP - 3h ago

China's social media and video game giant Tencent overtook Facebook in market value on Tuesday as investors sent the …

BHP, Vale get more time to settle Samarco mine disaster claim

AFP - 6h ago

Mining giant BHP said Tuesday it had been given more time by a Brazilian court to negotiate the settlement of a massive …

New Palestinian city rises with sleek homes, boutiques

AFP - 8h ago

With wide boulevards, fashionable shopping and a Roman-style amphitheatre, the newly built Palestinian city of Rawabi is …

Free wheelin' in New York: the Big Apple bike boom

AFP - 8h ago

Expanding bike lanes, handing out free helmets and making lessons free: New York is making great strides in encouraging …

Australia welcomes cancellation of French war graves wind farm

AFP - 9h ago

Canberra Tuesday welcomed as "very touching" the scrapping of a planned French wind farm on the site of a World War I …

US sues to block $85 bn AT&T-Time Warner merger

AFP - 10h ago

The US government filed suit Monday to block AT&T's merger with Time Warner, setting up the biggest antitrust court …

'Justice League' tops box office with underwhelming total

AFP - 6h ago

It might have placed top of the North American box office, but "Justice League" didn't have the super opening weekend …

US arrests two Chinese oil company reps in Africa bribery scheme

AFP - 8h ago

US authorities have arrested Hong Kong's former home affairs secretary and the ex-foreign minister of Senegal for …

Euro falls on worries over German political uncertainty

AFP - 4h ago

The euro retreated Monday on concerns about the political crisis engulfing Germany, but European and US stocks rose.

US files suit to block $85 bn AT&T-Time Warner merger

AFP - 10m ago

AT&T said Monday that US antitrust enforcers filed suit to block its merger with Time Warner, setting up a major court …

Janet Yellen to depart US Fed in February

AFP - 8h ago

US central bank chief Janet Yellen announced Monday she will leave the Federal Reserve in February once her successor as …

Amsterdam, Paris to host key EU agencies after Brexit

AFP - 13h ago

Amsterdam and Paris on Monday won the fight to host two major EU agencies when they leave London after Brexit, in a …

US state gives key approval for Keystone pipeline

AFP - 13h ago

Regulators in the US state of Nebraska on Monday granted a key approval needed for construction of the Keystone XL …

Amsterdam wins battle to host EU medicines agency after Brexit

AFP - 54m ago

Amsterdam on Monday won a fierce fight to host the European Medicines Agency after it leaves London, securing one of the …

Swiss nuclear plant finds defective tubes from France's Areva

AFP - 9h ago

Tubes supplied by French nuclear energy giant Areva to a plant in northern Switzerland are defective and will be …

Volvo to supply Uber with self-driving cars

AFP - 15h ago

Swedish carmaker Volvo Cars said Monday it has signed an agreement to supply "tens of thousands" of self-driving cars to …

European stocks shrug off Germany's political woes

AFP - 4h ago

European stock markets ended the session higher on Monday, shrugging off a political crisis in Germany where talks to …

Victoria's Secret gala stumbles across the line in China

AFP - 9h ago

The glitzy Victoria's Secret fashion show stumbled across the finish line Monday night in its first-ever China staging …

Apple Pay in first deal with major French bank

AFP - 9h ago

Apple has reached its first agreement with a major French bank on Apple Pay, as Societe Generale said Monday it would …

Booming Germany can weather political impasse -- for now

AFP - 8h ago

Germany's robust economy can weather the immediate fallout from Chancellor Angela Merkel's failed coalition talks, …

S&P affirms Saudi Arabia credit ratings

AFP - 8h ago

S&P Global Ratings on Monday affirmed Saudi Arabia's credit ratings, saying the kingdom's sweeping reforms could make it …

Euro, German stock market edge up after coalition talks collapse

AFP - 3h ago

The euro and Germany's stock market managed to eke out gains Monday despite the country's collapse of talks to form a …

Euro sinks in Asia as Germany is gripped by uncertainty

AFP - 2h ago

The euro faced fresh pressure in Asian trade on Monday after German Chancellor Angela Merkel failed to form a government …

Honda recalls 800,000 minivans over faulty seats

AFP - 14h ago

Honda is recalling about 800,000 of its Odyssey minivans in the United States over faulty parts blamed for 46 minor …

Alibaba takes $2.9 billion stake in food retailer

AFP - 11h ago

Alibaba said on Monday it would take a major stake in one of China's top food sellers for $2.9 billion as the e-commerce …

EU to vote on relocation of agencies after Brexit

AFP - 12h ago

The fight for some of the most prized spoils of Brexit comes to a climax on Monday when 27 EU states pick the new host …

Asian markets kick week off with losses as euro sinks

AFP - 3h ago

Asian markets turned lower on Monday as the correction that has hit global equities moved into another week, while the …

'Robo-taxis' hold promise, and perils, for automakers

AFP - 13h ago

It's November 22, 2028 and Sarah, a young mother, gives her two children a kiss goodbye before buckling them into the …

Japan trade surplus drops 40% in October

AFP - 15h ago

Japan's October trade surplus shrank 40.7 percent from a year earlier as growth in exports were eclipsed by higher costs …

'Justice League' takes top spot, but still underwhelms box office

AFP - 18h ago

It might have scored top of the North American box office, but "Justice League" didn't have the super opening weekend …

'Justice League' takes top spot, but still falls short at box office

AFP - 2h ago

It might have scored top of the box office, but "Justice League" didn't have the super opening weekend predicted, …

Embattled Toshiba to boost capital by $5.3 bn share issuance

AFP - 17h ago

Embattled Japanese conglomerate Toshiba said Sunday it plans to raise $5.3 billion by issuing new shares, a move aimed …

Europe turns on Facebook, Google for digital tax revamp

AFP - Nov 19 2017

They have revolutionised the way we live, but are US tech giants the new robber barons of the 21st century, banking …

EU-Mercosur free-trade pact supporters push for deal

AFP - 20h ago

Supporters of a free trade pact between the EU and the Mercosur states in South America, under negotiation for nearly 20 …

Victoria's Secret to charm China with fashion gala

AFP - Nov 19 2017

The star-studded, super-hyped Victoria's Secret lingerie show hits the catwalk in Shanghai on Monday, the first time the …

Trump rollback of banking regulation well underway

AFP - Nov 19 2017

President Donald Trump's promised rollback of banking regulation is well underway, with vacancies at the top of key …

Driverless, electric future just round the corner for urban cars

AFP - Nov 19 2017

A driverless, electric car is only a swipe away in the cities of the future, where pollution clampdowns and rapid …

Rosneft fuels foreign policy goals

AFP - Nov 19 2017

Whether investing in China, Venezuela or Iraq, Russian oil giant Rosneft closely follows Moscow's geopolitical interests …

US industry gears up to save NAFTA

AFP - Nov 19 2017

The business world is mobilizing to convince the Trump administration to save the North American Free Trade Agreement, …

Fashion giant Azzedine Alaia dies at 77

AFP - Nov 18 2017

French-Tunisian designer Azzedine Alaia, whose timeless gowns won an army of devotees around the world, has died at the …

China taps state firms to buttress pensions as society ages

AFP - 9h ago

China on Saturday announced a pilot programme to help pension schemes meet growing pressure from an ageing society by …

'Eurovision' contest for London-based regulators

AFP - 16h ago

Things are rarely simple in the EU's complex bureaucracy, but the procedure for choosing new host cities for two …

Murdoch's Fox in talks with multiple buyers for TV, film assets

AFP - Nov 18 2017

Shares in media-entertainment giant 21st Century Fox surged to seven-month highs Friday after news it has been holding …

European and US stocks slide into the weekend

AFP - 14h ago

Wall Street stocks joined European equity markets in retreating Friday, along with the dollar, as Washington braced for …

Apple pushes back release of HomePod speaker to 2018

AFP - Nov 17 2017

Apple said Friday it was delaying until early next year the release of its HomePod speaker set to compete with Amazon's …

Florida fruit growers sour over NAFTA

AFP - Nov 17 2017

With the fifth round of talks to renegotiate the North American Free Trade Agreement underway, Florida fruit and …

Spain court orders ex-IMF head Rato to be tried for fraud

AFP - 22h ago

A Spanish court on Friday ordered former IMF head Rodrigo Rato to stand trial for fraud over the failed 2011 listing of …

China to build $1.6 bn aluminium plant in Tajikistan

AFP - Nov 17 2017

China will build an aluminium factory worth $1.6 billion in ex-Soviet Tajikistan, the Central Asian country's leading …

VW says will invest over 34 bn euros in cars of the future by 2022

AFP - 32m ago

German automaker Volkswagen on Friday said it planned to invest more than 34 billion euros ($40 billion) over the next …

EU hands May new Brexit ultimatum

AFP - Nov 17 2017

EU President Donald Tusk warned Britain on Friday that it had until early December to make "much more progress" on …

Siemens workers vow fightback against Germany job cull

AFP - Nov 17 2017

Hundreds of angry Siemens workers protested at the industrial behemoth's historic Berlin factory Friday, in the first …

Tesla's all-electric semi truck aims to disrupt transport

AFP - Nov 17 2017

After shaking up the auto world with its electric cars, Tesla is tackling a new frontier in "green" transportation with …

Canada's Bombardier hiring 1,000 to build more business jets

AFP - 17h ago

Canadian manufacturer Bombardier announced Friday the addition of 1,000 jobs in Montreal to build business jets, to meet …

Post-hurricane rebuilding fuels jump in October US home construction

AFP - 21m ago

Construction of new homes in the United States sprang to life in October as hurricane-damaged housing markets recovered …

VW to spend 34 bn euros in drive to become e-car leader

AFP - 3h ago

German automaker Volkswagen on Friday said it planned to invest more than 34 billion euros ($40 billion) over the next …

Global markets facing mixed end to week

AFP - 1h ago

Equities faced a mixed end to the week as they slid in the US and Europe but rose in Asia, as traders balanced Brexit …

French wine country unveils its answer to kobe beef

AFP - 4h ago

As the unofficial capital of France's Burgundy region, Beaune is a town that thrives on wine -- and now even its cows …

EU, May say 'more work' needed for Brexit deal

AFP - 2h ago

British Prime Minister Theresa May and EU leaders agreed on Friday that "more work" is needed on Brexit as fears mount …

Cyprus says 2017 already record year for tourist arrivals

AFP - 6h ago

Cyprus has smashed its record for annual tourist arrivals with two months to spare, with the total reaching 3.4 million …

EU warns May 'clock ticking' for December Brexit deal

AFP - 4h ago

European Union leaders warned British Prime Minister Theresa May on Friday that the "clock is ticking" to make Brexit …

Nissan CEO returns his pay after inspection scandal

AFP - 8h ago

The CEO of Japanese car giant Nissan said Friday he will return part of his pay until next March following a damaging …

Victoria's Secret gala hits snag in China as model pulls out

AFP - 1h ago

Top US fashion model Gigi Hadid on Friday pulled out of the annual Victoria's Secret fashion show in Shanghai after an …

Airbnb raided by Japan fair trade watchdog, denies wrongdoing

AFP - 6h ago

Airbnb's offices in Japan have been raided by anti-monopoly officials, the homesharing giant said Friday, denying any …

Moody's raises India rating, citing reforms

AFP - 8h ago

Moody's on Friday upgraded India's credit rating for the first time in more than a decade, citing economic reforms …

Tesla unveils its all-electric semi truck

AFP - 7h ago

After revolutionizing electric cars, Tesla is tackling a new frontier in "green" transportation with the introduction a …

Asian markets head for positive end to volatile week

AFP - 2h ago

Asian markets built on the previous day's gains and headed into the weekend on a positive note Friday as traders were …

NAFTA negotiators hold new talks amid fears of collapse

AFP - 2h ago

After three months of thorny negotiations, fears of a breakdown are hanging in the air as the US, Mexico and Canada …

May under Brexit pressure at EU reform summit

AFP - 3h ago

EU leaders will press British Prime Minister Theresa May on Friday to do more to reach a divorce deal against the …

Prince's vision spurs new Cornwall coastal village

AFP - 13h ago

In his long wait to become Britain's king, Prince Charles has pursued his passion for architecture. His latest …

Australia gambling giants merger approved after setback

AFP - 11h ago

A merger between Australian gambling giants Tabcorp and Tatts is back on track after a tribunal on Friday approved the …

Venezuela suffers another blow as PDVSA declared in default

AFP - 16h ago

Crisis-plagued Venezuela suffered another blow Thursday as a committee of creditors ruled that state oil company PDVSA …

Creditors rule Venezuela state oil firm PDVSA in default

AFP - 2h ago

A committee of creditors on Thursday ruled that Venezuelan state oil company PDVSA has defaulted on its debt, a decision …

Trump tax overhaul adopted by US House, debate shifts to Senate

AFP - 16h ago

House Republicans delivered a first-step victory Thursday to President Donald Trump by passing a landmark tax overhaul, …

US regulator relaxes media ownership rules

AFP - 12h ago

US regulators voted Thursday to end a decades-old rule which barred ownership of newspapers and television stations in …

'Fake news' becomes a business model: researchers

AFP - 14h ago

Cyber criminals have latched onto the notion of "fake news" and turned it into a profitable business model, with …

Trump presses Congress on tax cuts, vote looms

AFP - 1h ago

President Donald Trump rallied his party footsoldiers in Congress Thursday, calling on them to pass a historic tax …

EU auditors criticise handling of Greece bailouts

AFP - 2h ago

The EU handling of the Greek debt crisis successfully imposed reforms and avoided a catastrophic default by Greece, but …

Google, Facebook join news organizations in 'Trust Project'

AFP - 14h ago

Google, Facebook and other tech firms joined global news organizations Thursday in an initiative aimed at identifying …

Siemens faces German union showdown over layoffs

AFP - 13h ago

Industrial conglomerate Siemens on Thursday announced thousands of job cuts worldwide, most of them in its fossil fuels …

Cars and speakers: Baidu speeds up AI progress

AFP - 10h ago

Chinese web giant Baidu unveiled Thursday a smart speaker model and plans for a self-driving mini-bus, its latest foray …

Deutsche Boerse taps top banker as new CEO

AFP - 10h ago

German stock market operator Deutsche Boerse named a top banker as its new chief executive Thursday, after his …

Trump presses Congress on tax cuts, skepticism persists

AFP - 1h ago

President Donald Trump was headed to the US Capitol Thursday to rally skeptical lawmakers behind his effort to overhaul …

Qatar sets $200 minimum wage as part of labour overhaul

AFP - 13h ago

Qatar has set a temporary minimum wage for migrant workers worth around $200 a month, its labour minister said Thursday, …

US industrial output rises as hurricane hit reverses

AFP - -12m ago

Output at US factories continued to rebound in October as oil refineries and petrochemical plants ramped up production …

Norway's oil fund wants to divest from ... oil

AFP - 11h ago

Norway's sovereign wealth fund, which is fuelled by the state's oil revenues, wants to divest its oil and gas holdings, …

US stocks boosted by solid Wal-Mart, Cisco earnings

AFP - 7h ago

Wall Street stocks rose early Thursday, bouncing from recent weakness along with global equities following solid …

Siemens layoff plan promises showdown with unions

AFP - 43m ago

Unions reacted angrily Thursday to restructuring plans by German industrial conglomerate Siemens that are expected to …

Barcelona business slumps amid Catalan crisis: group

AFP - 4h ago

Sales and bookings in shops and hotels in one of Barcelona's most popular neighbourhoods dipped by up to 30 percent last …

Kyrgyzstan refuses $100 million Kazakhstan aid amid growing tensions

AFP - 2h ago

Kyrgyzstan's President Almazbek Atambayev signed a parliamentary resolution on Thursday to refuse $100 million in aid …

Singapore suspends trade ties with North Korea

AFP - 6h ago

Singapore has suspended trade ties with North Korea in the latest move by a country to implement UN sanctions to curb …

EU car sales rev up despite Brexit and 'dieselgate'

AFP - 6h ago

Car sales returned to growth in Europe last month, the latest industry data showed on Thursday, but that Brexit and the …

Volkswagen China to invest billions in new energy cars

AFP - 7h ago

Volkswagen will invest more than 10 billion euros ($12 billion) along with its partners in China to build new energy …

Asia markets mostly up but traders on edge after losses

AFP - 1h ago

Most Asian markets edged up on Thursday after a recent sell-off across global markets but gains were tempered as the …

Citgo is key link between US and Venezuela

AFP - 4h ago

Despite its deepening travails, Venezuela remains an important player in the United States, where it owns oil refineries …

PDVSA, Venezuela's oil gem far from its golden age

AFP - 2h ago

A pillar of Venezuela's economy, PDVSA was in its heyday one of the five top oil companies on the planet.

Subaru recalls 400,000 cars in Japan

AFP - 9h ago

Subaru recalled nearly 400,000 vehicles from its domestic market on Thursday due to an inspection scandal -- the latest …