Business

Pricey high-tech features define new smartphone wars

AFP - 13m ago

The front lines of the battle for smartphone dominance over the coming years have grown clearer after Chinese technology …

German investor confidence edges up in October

AFP - 28m ago

Confidence among investors in Germany inched up in a monthly survey Tuesday as the dashboard of Europe's largest economy …

Britain seeks to tighten takeover rules

AFP - 40m ago

Britain on Tuesday unveiled proposals that would permit it to have a greater say in mergers and takeovers that spark …

Asian markets extend gains, dollar up but dealers cautious

AFP - 1h ago

Asian equities edged up Tuesday as traders took a breather after recent strong gains, with more records on Wall Street …

Grim store sales cast shadow ahead of India's 'festival of lights'

AFP - 2h ago

This close to India's glittering festive season, the cash register at Neha Tandon's clothes store should be working …

Richemont flags big profit rise in watch market uptick

AFP - 2h ago

Swiss giant Richemont, the world's second-biggest luxury goods company after LVMH, said on Tuesday it expected to post a …

As Xi ascends, will economic reforms finally take off?

AFP - 3h ago

As Chinese President Xi Jinping prepares for a second five-year term, foreign investors will be watching for any sign …

Airbus to enter into partnership with Canada's Bombardier

AFP - 4h ago

In the face of a bitter trade dispute with Boeing, Airbus announced it would take a majority stake in Bombardier's …

Three companies offering to search for MH370: Malaysia

AFP - 4h ago

Three companies have offered to resume the search for flight MH370 but no decision has been reached on whether to take …

China's economic growth slowed in third quarter: AFP survey

AFP - 4h ago

China's economic growth likely eased in the third quarter but is on course to beat the government's annual forecasts, …

Asian markets mostly up but dealers cautious after latest gains

AFP - 2h ago

Asian equities edged up Tuesday but traders took a breather after recent strong gains, with more records on Wall Street …

Netflix adds 5 mn subscribers, doubles profit

AFP - 8h ago

Netflix said Monday it added some five million new subscribers over the past three months as profits doubled, in a …

GM workers in Canada end strike over job security

AFP - 8h ago

Striking autoworkers began returning to work Monday at a General Motors plant in Canada following a month-long work …

VidCon returning to Amsterdam to aid budding video stars

AFP - 11h ago

Move over Johnny Depp or Angelina Jolie. Today's kids no longer want to be Hollywood movie stars. Instead the world of …

Producers' group moves to expel Weinstein

AFP - 9h ago

A film industry group representing thousands of workers on Monday began expulsion proceedings against Harvey Weinstein, …

Daimler recalls million-plus vehicles over airbag problems: report

AFP - 9h ago

German carmaker Daimler is recalling more than a million vehicles, including Mercedes, due to a problem with the …

Bank shares lead US stocks to records; Madrid falls

AFP - 5h ago

Strong gains by bank shares helped push US stocks to fresh records Monday, while Madrid sank on resurgent worries over …

Police raid homes of ailing Balkans retail magnate, detain 12

AFP - 13h ago

Croatian police on Monday raided the Zagreb homes of the owner of debt-ridden Balkans retail giant Agrokor, and those of …

Weinstein Company says in talks to sell movie studio

AFP - 12h ago

The Weinstein Company announced Monday that Colony Capital had agreed to provide the scandal-plagued studio with …

Fashion follows film in speaking out against sexual abuse

AFP - 1h ago

In the wake of revelations about disgraced Hollywood producer Harvey Weinstein, American model Cameron Russell took to …

Security flaw prompts fears on Wi-Fi connections

AFP - 9h ago

A newly discovered flaw in the widely used Wi-Fi encryption protocol could leave millions of users vulnerable to …

EasyJet, Lufthansa among seven to bid for Alitalia

AFP - 11h ago

British budget airline easyJet and German carrier Lufthansa both said Monday they have submitted offers for parts of …

Glencore, Qatar finalise Rosneft deal

AFP - 3h ago

The consortium controlled by commodities giant Glencore and Qatar's sovereign fund announced a 7.8 billion-euro deal …

EasyJet, Lufthansa make offers for parts of Alitalia

AFP - 36m ago

British budget airline easyJet and German airline Lufthansa both said Monday they have submitted offers for parts of …

US delegation arrives in Ankara for visa talks: official

AFP - 3h ago

A delegation of senior American officials arrived in Ankara on Monday for talks aimed at ending the row between Turkey …

Tesla sacks hundreds of workers on Model 3 stall: source

AFP - 5h ago

Tesla Motors, which recently missed its production target on the high-profile "Model 3," has dismissed hundreds of …

Supreme Court to hear US-Microsoft digital privacy case

AFP - 5h ago

The US Supreme Court announced Monday it will hear a landmark privacy case which sees the Trump administration up …

Pressure on ILO to stop taking funds from Big Tobacco

AFP - 3h ago

Nearly 200 organisations and individuals from around the world urged the International Labour Organization Monday to …

Oil stocks gush, Madrid underperforms on Catalan tensions

AFP - 5h ago

European and US stock markets mostly rose Monday on advancing oil prices, although Madrid sank on resurgent worries over …

Mercedes says recalls 400,000 UK cars on airbag fault

AFP - 5h ago

Mercedes-Benz is recalling 400,000 UK cars owing to a fault that may deploy an airbag by error, the company said on …

US warns of security flaw which can compromise Wi-Fi connections

AFP - 2h ago

The US government's computer security watchdog warned Monday of a security flaw in Wi-Fi encryption protocol which can …

European stocks win oil boost, Madrid underperforms on Catalan woes

AFP - 2h ago

Most European stock markets rose Monday on advancing oil prices, but Madrid sank on resurgent worries over the Catalan …

Russia fines Telegram for not giving backdoor access

AFP - 5h ago

A Russian court on Monday fined the popular Telegram messenger app for failing to provide the country's security …

European stocks win oil boost but Madrid falls on Catalan woes

AFP - 2h ago

Most European stock markets rose Monday on advancing oil prices, but Madrid sank on resurgent worries over the Catalan …

Fiscal woes, Aramco IPO driving Saudi oil policy: analysts

AFP - 8h ago

Faced with dire economic straits due to low oil prices, Saudi Arabia is gearing up for deeper production cuts ahead of …

Hong Kong skyscraper sold for record $5.15 billion: report

AFP - 5h ago

A landmark skyscraper owned by Hong Kong's richest man Li Ka-shing has sold for a record of more than $5 billion, a …

Asian markets mostly gain, dollar struggles after inflation data

AFP - 2h ago

Asian markets extended gains on Monday after a positive lead from Wall Street while the dollar struggled following more …

Police raid home of boss of indebted Balkans retail giant

AFP - 1h ago

Police on Monday raided the Zagreb home of the owner of ailing Balkans retail giant Agrokor after a months-long probe …

China factory inflation rises as PBoC boss sees strong H2 growth

AFP - 11h ago

China's factory price inflation rose again in September, official data showed Monday, indicating the improving domestic …

Asia markets start week with gains, tracking Wall Street

AFP - 4h ago

Asian markets rose on Monday, building on last week's gains as investors tracked another positive lead from Wall Street, …

Central bankers bet weak inflation won't last forever

AFP - 9h ago

The European Central Bank expects a pickup in inflation even though wages have remained weak during the current economic …

Box office glory a piece of cake for 'Happy Death Day'

AFP - 22h ago

Comedy horror slasher "Happy Death Day" had an excuse to celebrate this weekend as it stormed straight to the top of the …

Airbus CEO says won't cling to job amid bribery probes: report

AFP - 23h ago

Airbus CEO Tom Enders told a German newspaper he was prepared to step down if he was "no longer part of the solution", …

'Most' Fed members see rising inflation in 2018: Yellen

AFP - Oct 15 2017

The majority of policymakers at the US central bank believe US price pressures will rise in 2018 despite recent …

Futuristic solar-powered Dutch family car hailed 'the future'

AFP - Oct 15 2017

A futuristic Dutch family car that not only uses the sun as power but supplies energy back to the grid was hailed as …

Kobe Steel, Nissan scandals tarnish image of Japan Inc

AFP - Oct 15 2017

Embarrassing scandals at Kobe Steel and Nissan have tarnished the reputation of Japan Inc for quality, as once-mighty …

Decade after bubble burst, Ireland still faces housing crisis

AFP - Oct 15 2017

Ten years after Ireland's property bubble burst, the economy is recovering from the ravages of a deep recession but a …

EU summit to throw Britain a Brexit bone

AFP - 13h ago

EU leaders are set to extend an olive branch to British Prime Minister Theresa May at a summit in Brussels this week in …

US-world divide spills out at IMF-World Bank meetings

AFP - Oct 15 2017

The growing split between the United States and the rest of the world spilled into the annual meetings of the …

Jailed Ecuador VP says he is target of construction giant's revenge

AFP - 2h ago

Ecuador's vice president, Jorge Glas, in jail pending a criminal investigation into allegations he took $16 million in …

Ivanka Trump touts launch of World Bank businesswomen's fund

AFP - 15h ago

Ivanka Trump, President Donald Trump's daughter and a White House advisor, on Saturday touted the creation of a new …

Mexico expects 'win-win' in NAFTA negotiations: central bank

AFP - 22h ago

Mexico expects the renegotiation of the North American trade pact to produce benefits for itself, the United States and …

Germany's Schaeuble assails protectionism at IMF summit

AFP - Oct 14 2017

German Finance Minister Wolfgang Schaeuble assailed the rise in protectionism and anti-free-trade sentiment Saturday in …

US mobile carriers Sprint, T-Mobile to merge: report

AFP - Oct 14 2017

Japan's SoftBank has reached a broad accord to merge its US subsidiary Sprint with T-Mobile to create a rival to …

US moves closer to EU position on taxing tech giants

AFP - Oct 14 2017

Washington is softening its position on European plans to impose taxes on US tech giants such as Apple and Google, …

Weinstein film studio facing sale or shutdown: report

AFP - Oct 14 2017

The Weinstein Company is exploring a sale or shutdown as it reels from the fallout of allegations of serial sexual …

Trump administration rejects World Bank capital increase

AFP - Oct 14 2017

The Trump administration on Friday rejected a capital increase by the World Bank, which the Bank says is necessary to …

Britain's Vauxhall to cut 400 jobs: PSA spokesman

AFP - Oct 13 2017

Britain's Vauxhall cars, which was this summer taken over by French automaker PSA, is planning to cut 400 jobs at one of …

US stocks rise on strong retail sales; Europe mixed

AFP - Oct 13 2017

Wall Street stocks rose Friday, with the Nasdaq inching up to a fresh record, following data showing strong US retail …

Rome stumps up more Alitalia cash, extends sale deadline

AFP - Oct 13 2017

Struggling Italian carrier Alitalia received a boost Friday when Rome said it would add 300 million euros ($355 million) …

Weak earnings leave Wells Fargo in US banking doghouse

AFP - 24h ago

Slumping US financial giant Wells Fargo badly missed earnings estimates Friday due to $1 billion in new legal costs and …

Boeing, GE Iran contracts face new uncertainties

AFP - 5h ago

Large contracts for Boeing and General Electric in Iran, while not under direct threat, face significant new …

Business exodus deepens Catalan economy fears

AFP - 10h ago

Catalonia's independence drive has sent dozens of firms fleeing as doubts grow over the economy of a region that, while …

IMF, Spain warn on economic growth as Catalan crisis persists

AFP - 24h ago

The International Monetary Fund and the Spanish government warned Friday the country's economic growth could be dealt a …

What's at stake for business in Iran's nuclear deal

AFP - Oct 13 2017

If the Iran nuclear deal fails then all the countries involved have a lot to lose -- and not just for political and …

Political uncertainty in Spain could hit economy: IMF

AFP - 9h ago

The International Monetary Fund warned Friday that Spain's strong economic recovery could be dealt a setback if the …

Japan's Kobe Steel scandal spreads, 500 firms affected

AFP - 5h ago

Japan's Kobe Steel admitted Friday that a snowballing falsified data scandal had affected around 500 customers, more …

Revived auto sales send US retail to 2-year high

AFP - 4h ago

Booming auto and gasoline sales in September pushed the US retail sector to its highest level in more than two years, …

Wall Street shifts to tuning out most Trump rhetoric

AFP - 1m ago

President Donald Trump, a big presence over Wall Street when he first took office with tweets targeting individual …

European equities mixed, Wall Street firmer

AFP - 3h ago

Europe's major stock markets were mixed at the end of the trading session on Friday, while prices on Wall Street were …

Ukraine bans Russian banknote with Crimea image

AFP - 5h ago

Ukraine said on Friday it was banning a new Russian banknote showing an image of the Crimean peninsula that the Kremlin …

Facebook beefs up food delivery options from its app

AFP - 37m ago

Facebook on Friday announced a new feature to make it easier for users to order meals from nearby restaurants and …

IMF, Spain warn on economic growth as Catalan crisis continues

AFP - 2h ago

The International Monetary Fund and Madrid warned Friday Spain's economic growth could be dealt a blow if Catalonia's …

India's Reliance posts 12.5 percent rise in profit

AFP - 4h ago

Indian oil-to-telecom conglomerate Reliance Industries on Friday recorded a 12.5 percent rise in its second-quarter net …

Call for French ex-minister to answer over Lafarge-IS scandal

AFP - 4h ago

The anti-corruption association Sherpa called Friday for former French foreign minister Laurent Fabius to be questioned …

Bayer sells crop science units to ease Monsanto takeover

AFP - 1h ago

Germany's Bayer said Friday it would sell parts of its agrochemical business to rival BASF, kick-starting a competitor …

French ex-foreign minister faces grilling in Lafarge Syria probe

AFP - 42m ago

The anti-corruption association Sherpa called Friday for former French foreign minister Laurent Fabius to be questioned …

Spain issues 2018 growth warning over Catalan crisis

AFP - 5h ago

Spain warned Friday it could lower its forecast for next year's economic growth if Catalonia's separatist challenge …

Wells Fargo profits miss estimates on $1 bn litigation costs

AFP - 4h ago

Wells Fargo reported a sharp decline in third-quarter earnings Friday due to $1 billion in expected legal costs for …

Spain says could cut 2018 growth forecast over Catalan crisis

AFP - 38m ago

Spain's government said Friday it could lower its forecast for next year's economic growth if the crisis over …

Irish 'bad bank' to repay state loan early

AFP - 4h ago

Ireland's "bad bank" set up to buy toxic mortgages from severely troubled lenders will soon pay off its final government …

Uber drivers in London divided over ban threat

AFP - 5h ago

Since he was forced to abandon his construction business in Iraq and move to London to escape the advance of the Islamic …

Uber files appeal against London ban

AFP - 5h ago

Uber on Friday filed its appeal against a decision by London authorities not to renew its licence, the US ride-hailing …

European equities stable after record run

AFP - 42m ago

Europe's major stock markets steadied on Friday, with London slipping on the back of the pound's modest recovery, …

China's imports from North Korea fall as trade with world surges

AFP - 3h ago

China's imports from North Korea fell for the seventh month in a row, official data showed Friday, after Beijing vowed …

Samsung Electronics CEO resigns, even as record profits expected

AFP - 5h ago

The chief executive of Samsung Electronics resigned Friday, saying the South Korean tech giant was facing an …

Ghana vows improved safety to stop gas fires, blasts

AFP - 3h ago

Ghana's government has promised the immediate closure of high-risk fuel stations after a tanker carrying natural gas …

Asian markets end week with gains but dollar slips

AFP - 2h ago

Asian investors headed into the weekend cautiously upbeat on Friday after US traders took a breather from their recent …

Japan's Kobe Steel shares dive as quality scandal spreads

AFP - 5h ago

Shares in Japan's Kobe Steel dived Friday on a report that its widening quality scandal has spread to more than 30 …

Canada, Mexico stick to NAFTA guns despite Trump threats

AFP - 6h ago

The leaders of Canada and Mexico stuck to their upbeat view on the future of the North American Free Trade Agreement on …

S. Korea, China renew $56 bn currency swap deal despite diplomatic tensions

AFP - 7h ago

South Korea and China have renewed a $56 billion currency swap deal, Seoul said Friday, despite tensions over the …

China's exports, imports pick up pace in September

AFP - 5h ago

China's exports and imports surged in September, officials data showed Friday, providing President Xi Jinping a boost as …

Conservation cutbacks put Brazil's Amazon animals at risk

AFP - 8h ago

Benedito de Souza scoops back sand hiding a nest of baby giant Amazon River turtles that he had covered over weeks ago …

Asian markets edge up but traders cautious after Wall St drop

AFP - 4h ago

Asian investors headed into the weekend cautiously upbeat on Friday after US traders took a breather from their recent …

Battle of the online sex crimes in high-tech S. Korea

AFP - 7h ago

Tony Kim has been paid to watch porn for the last six years, spending his days staring attentively at graphic videos of …

Chile penguins win battle in war against mine

AFP - 7h ago

They may be less than a meter tall but they have conquered a Goliath: Chile's vulnerable Humboldt penguins have thwarted …

'Death by overwork': occupational hazard for Japan's media

AFP - 3h ago

The news that a young reporter at Japan's public broadcaster had worked herself to death came as little surprise to …

Samsung Electronics expects record $12.8bn Q3 operating profit

AFP - 1h ago

Samsung Electronics said Friday it expected profits to hit an all-time high in the third quarter, as booming …

Chevron abandons Great Australian Bight drill plans

AFP - 5h ago

Energy giant Chevron Friday joined BP in ditching plans to drill in the Great Australian Bight citing weak oil prices, …

US stocks retreat from records as Europe eyes Catalan crisis

AFP - 5h ago

Wall Street stocks retreated from records Thursday as investors soured on financial shares following earnings from large …

Global economy chiefs told to reform while going is good

AFP - 6h ago

Finance chiefs from around the world were warned Thursday to get their houses in order while the global economy is …

Tesla recalls Model X vehicles for seat fix

AFP - 6h ago

Tesla on Thursday said that it is recalling Model X sport utility vehicles to fix second-row seat-backs which might …