Business and Economy



Wall Street rallies, dollar drops as Fed chief fuels rate cut hopes

AFP - 8m ago

Wall Street shares rallied Friday as US Federal Reserve chief Jerome Powell left the door open to cutting interest …

German, French post offices restrict packages to US over tariffs

AFP - 37m ago

The postal services of Germany and France on Friday announced a raft of restrictions on package deliveries to the United …

Embattled Bordeaux winemakers see Trump's tariffs as latest blow

AFP - 52m ago

The sun is shining, the grapes are ripe and a good harvest is expected but a heavy cloud is looming over Laurent …

US Fed chair leaves door open to rate cut as Trump steps up pressure

AFP - 1h ago

US Federal Reserve Chair Jerome Powell left the door open to cutting interest rates in a keenly watched speech Friday, …

Wall Street rallies as Fed chief fuels rate cut hopes

AFP - 1h ago

Wall Street shares rallied Friday as US Federal Reserve chief Jerome Powell left the door open to cutting interest …

US Fed chair leaves door open to rate cut, facing down Trump pressure

AFP - 26m ago

US Federal Reserve Chair Jerome Powell left the door open to cutting interest rates in a keenly watched speech Friday, …

TikTok's UK content moderation jobs at risk in AI shift

AFP - 2h ago

Social media platform TikTok announced on Friday it will restructure its UK trust and safety operations, putting several …

US wine sellers left in limbo despite EU tariff deal

AFP - 3h ago

At a wine shop in Washington's Capitol Hill neighborhood, bottles sourced from Europe are becoming costlier to import -- …

Pressure on Merz as Trump tariffs hit German economy

AFP - 4h ago

Germany's economy shrank more than expected in the second quarter as US tariffs battered exports, official data showed …

Australia orders audit of crypto trading giant Binance

AFP - 8h ago

Australia has ordered the local arm of the world's largest cryptocurrency exchange, Binance, to appoint an external …

Under Trump pressure, US Fed chief to walk tightrope in speech

AFP - 10h ago

US Federal Reserve chief Jerome Powell is expected to walk a fine line while delivering a closely watched speech at a …

Nvidia chief says H20 chip shipments to China not a security concern

AFP - 12h ago

Shipping Nvidia's H20 chips to China was "great" for Beijing and Washington and not a security threat, the tech giant's …

Rice prices up 91 pct year-on-year in Japan

AFP - 13h ago

Rice prices in Japan soared 90.7 percent in July year-on-year, official data showed Friday, but the rate of increase …

Asian markets tick up as investors eye Jackson Hole meeting

AFP - 8h ago

Asian markets were mostly up Friday morning ahead of a pivotal speech by the US central bank chief, expected to shed …

Meta makes huge cloud computing deal with Google: source

AFP - 14h ago

Meta has made a cloud computing deal with Google worth more than $10 billion over the course of six years, a source …

Less tax, more luxury: millionaires flock to Dubai

AFP - 14h ago

Rich people are flocking to Dubai in record numbers, drawn to the desert city by its zero income tax policy and easy …

Stocks waver ahead of Fed speech but EU tariff deal lifts Europe

Aug 21 2025

Global stock markets mostly fell Thursday ahead of a widely anticipated speech by the US central bank chief, although a …

Walmart expects better sales, earnings as shoppers squeezed by tariffs

Aug 21 2025

Big-box retailer Walmart reported solid revenue growth Thursday and said that it expects better sales and earnings for …

EU gets 15% US tariff for cars, but fails to get wine reprieve

Aug 21 2025

The US and EU released details of a trade deal Thursday that foresees lower car tariffs but no relief for Europe's wine …

Google to provide Gemini AI tools to US government

Aug 21 2025

Google will provide its Gemini artificial intelligence tools to US federal agencies practically free, the government …

Stocks slide as investors await key Fed speech

Aug 21 2025

Stock markets mostly fell during cautious trading sessions Thursday, a day before a key speech expected to offer signals …

EU gets 15% US tariff for cars, fails to secure wine reprieve

Aug 21 2025

Details of a US-EU trade deal published Thursday showed Brussels secured a tariff reduction for cars exported to the …

Russian fuel prices surge after Ukraine hits refineries

Aug 21 2025

Russian fuel prices are at near-record highs, stock exchange data showed Thursday, after a slew of Ukrainian attacks on …

Walmart lifts outlook for sales, earnings despite tariffs

Aug 21 2025

Big-box retailer Walmart hiked its outlook for sales and some earnings in results released Thursday, even as costs of …

Microsoft re-joins handheld gaming fight against Nintendo's Switch

Aug 21 2025

The record launch in June for the Nintendo Switch 2, a game console that can be played at home or on the go, heralds a …

Stocks slip as investors await key Fed speech

Aug 21 2025

Stock markets mostly fell during cautious trading sessions on Thursday, one day before a key speech expected to offer …

Markets mixed as investors await key Fed speech

Aug 21 2025

Markets were varied during cautious trading sessions on Thursday, one day before a key speech expected to offer signals …

Asian markets mixed as investors await key speech

Aug 21 2025

Asian markets were varied during cautious trading sessions on Thursday, one day before a key speech expected to offer …

German firm gives 'second life' to used EV batteries

Aug 21 2025

A German company is putting used electric vehicle batteries to new use by stacking them into fridge-size units that …

Africa could become 'renewable superpower', says Guterres

Aug 21 2025

Africa has everything it takes to become a "renewable superpower", UN head Antonio Guterres said Thursday, as he called …

Asian markets creep up as investors await key speech

Aug 21 2025

Asian markets edged mostly upward in muted morning trading on Thursday, one day before a key speech expected to offer …

PlayStation prices rise as US tariffs bite

Aug 21 2025

Sony on Wednesday said it is bumping up the price of PlayStation 5 video game consoles by $50 in the United States due …

Trump raises pressure on Fed with call for governor to resign

Aug 20 2025

President Donald Trump ramped up pressure on the US central bank Wednesday with a call for Federal Reserve Governor Lisa …

Stock markets diverge awaiting Fed signals as tech sell-off deepens

Aug 20 2025

Stock markets fluctuated on Wednesday, with many investors sticking to the sidelines while looking for clues on US …

Google unveils latest Pixel phones packed with AI

Aug 20 2025

Google on Wednesday unveiled new Pixel 10 smartphones that promise more artificial intelligence capabilities, as it …

Trump raises pressure on central bank, calls for Fed governor to resign

Aug 20 2025

President Donald Trump ramped up pressure on the US central bank Wednesday, calling for Federal Reserve Governor Lisa …

Google packs new Pixel phones with AI

Aug 20 2025

Google on Wednesday unveiled new Pixel 10 smartphones, showcasing artificial intelligence (AI) capabilities woven into …

French champagne harvest begins with 'promising' outlook

Aug 20 2025

France's Champagne region kicked off its official grape harvest Wednesday, with producers predicting a "promising" yield …

Stock markets diverge as traders eye US rate signals

Aug 20 2025

Stock markets fluctuated on Wednesday, with many investors sticking to the sidelines while awaiting clues on US interest …

Nestle unveils method to boost cocoa yields as climate change hits

Aug 20 2025

Faced with climate change diminishing farmers' yields, Nestle announced Wednesday that it was working on a technique to …

Stock markets diverge after Wall Street tech sell-off

Aug 20 2025

Stock markets were mixed Wednesday after a US tech sell-off while investors awaited signals from US policymakers on the …

Markets waver as Japan exports show tariff strain

Aug 20 2025

Markets were mixed Wednesday in the face of worrying signs for Japanese exports, as investors await signals from US …

Asian markets waver as Japan exports show tariff strain

Aug 20 2025

Asian markets were mixed Wednesday in the face of worrying signs for Japanese exports, as investors await signals from …

Asian markets dip after US tech slide

Aug 20 2025

Asian markets mostly fell Wednesday morning, mirroring a rout of US tech titans the previous day as investors await …

US agrees to talks with Brazilian WTO delegates on tariffs

Aug 20 2025

The United States has agreed to Brazil's request to enter talks with the World Trade Organization (WTO) to discuss the …

Stock markets cautious with eyes on Ukraine talks, US rates

Aug 19 2025

European stock markets rose while Wall Street mostly retreated Tuesday as investors warily eyed signs of progress in …

'Call of Duty', 'Black Myth' wow Gamescom trade show

Aug 19 2025

A twisted futuristic version of "Call of Duty", Batman in Lego form and the "Resident Evil" series' ghoulish monsters …

Air Canada flight attendants end strike after reaching 'tentative' deal

Aug 19 2025

Air Canada flight attendants ended their strike Tuesday after reaching a tentative deal with the carrier, which said it …

UK drops demand for access to Apple user data

Aug 19 2025

Britain has dropped its request for access to Apple users' encrypted data, which had created friction between London and …

Stock markets cautious with eyes on Ukraine talks

Aug 19 2025

Global stock markets traded cautiously and oil prices fell on Tuesday as investors eyed signs of progress in talks to …

Markets cautious after Zelensky-Trump talks

Aug 19 2025

Stock markets traded in a narrow range Tuesday and oil prices dipped after US President Donald Trump held what he called …

Google agrees to US$36m fine over Android search deals

Aug 19 2025

Google has agreed to pay a Aus$55 million (US$36 million) penalty for striking "anti-competitive" deals to pre-install …

Air Canada flight attendants vow to defy back-to-work order as strike talks resume

Aug 19 2025

Striking Air Canada flight attendants vowed Monday to defy another back-to-work order from the country's labor tribunal, …

'Call of Duty' to fire starting gun at Gamescom trade show

Aug 19 2025

Mega-selling first-person shooter franchise "Call of Duty" will blow open the Gamescom video games trade fair Tuesday, …

Asian markets cautious after Zelensky-Trump talks

Aug 19 2025

Asian markets were little changed Tuesday after Wall Street treaded water and US President Donald Trump held what he …

Stocks under pressure as Zelensky-Trump talks underway

Aug 18 2025

Shares in Europe largely dipped Monday while Wall Street treaded water, as Ukrainian President Volodymyr Zelensky and …

Panama hopes to secure return of US banana giant Chiquita

Aug 18 2025

Panamanian President Jose Raul Mulino will meet with representatives of US banana giant Chiquita Brands in Brazil later …

'Things will improve': Bolivians look forward to right's return

Aug 18 2025

Bolivians on Monday began looking to a future without the ruling socialists of the past two decades, after the first …

Air Canada flight attendants vow to defy latest back-to-work order

Aug 18 2025

Striking Air Canada flight attendants vowed Monday to defy another back-to-work order from Canada's labor tribunal, …

Stocks under pressure ahead of Zelensky-Trump talks

Aug 18 2025

US and European shares largely dipped on Monday, ahead of Ukraine's President Volodymyr Zelensky and European leaders …

Air Canada flight attendants face new pressure to end strike

Aug 18 2025

Canada's labor tribunal on Monday declared a strike by Air Canada's flight attendants illegal, a decision that could end …

Stocks mixed ahead of Trump-Zelensky talks

Aug 18 2025

Wall Street shares fluctuated while Europe stock markets fell Monday ahead of pivotal talks between US President Donald …

Stocks diverge ahead of Trump-Zelensky talks

Aug 18 2025

Stock markets diverged Monday ahead of talks between US President Donald Trump, Ukrainian counterpart Volodymyr Zelensky …

Asia stocks up before Trump-Zelensky talks

Aug 18 2025

Asian stocks were mostly higher Monday ahead of talks between Donald Trump, Ukrainian President Volodymyr Zelensky, and …

Singapore key exports slip in July as US shipments tumble 42.7 pct

Aug 18 2025

Singapore's non-oil domestic exports slipped 4.6 percent in July from a year earlier, government data showed Monday, as …

Tourism deal puts one of Egypt's last wild shores at risk

Aug 18 2025

In Egypt's Wadi al-Gemal, where swimmers share a glistening bay with sea turtles, a shadowy tourism deal is threatening …

Australian court fines Qantas US$59 million for illegal layoffs

Aug 18 2025

An Australian court fined Qantas Aus$90 million (US$59 million) on Monday for illegally laying off 1,800 ground staff …

Games industry in search of new winning combo at Gamescom 2025

Aug 18 2025

The global games industry gathers for the vast Gamescom trade fair in Cologne this week, with hopes that upcoming …

Asia stocks up, oil down before Trump-Zelensky talks

Aug 18 2025

Asian stocks were mostly higher Monday while oil dipped ahead of talks between Donald Trump, Ukrainian President …

Air Canada suspends plan to resume flights as union vows to continue strike

Aug 17 2025

Air Canada on Sunday suspended its plan to resume flights over a strike by flight attendants that has effectively shut …

Air Canada to resume flights after govt directive ends strike

Aug 17 2025

Air Canada said it will resume flying on Sunday after the country's industrial relations board ordered an end to a …

Air Canada flights grounded as government intervenes in strike

Aug 17 2025

All Air Canada planes remained grounded late Saturday despite the Canadian government intervening to end a strike by …

Canada moves to halt strike as hundreds of flights grounded

Aug 16 2025

The Canadian government intervened Saturday to end a strike by Air Canada cabin crew members that saw hundreds of …

Air Canada grounds hundreds of flights over cabin crew strike

Aug 16 2025

Air Canada cancelled hundreds of flights Saturday as it began shutting down operations in response to a strike by flight …

Air Canada flight attendants strike over pay, shutting down service

Aug 16 2025

Air Canada's flight attendants went on strike Saturday, as the airline announced a complete shutdown of operations, …

Air Canada set to shut down over flight attendants strike

Aug 16 2025

Air Canada's flight attendants were poised to strike on Saturday as the carrier cancelled hundreds of flights impacting …

Louisiana sues Roblox game platform over child safety

Aug 16 2025

The US state of Louisiana has filed a lawsuit accusing Roblox of facilitating the exploitation of children, prompting …

After repeated explosions, new test for Musk's megarocket

Aug 15 2025

Elon Musk's SpaceX announced Friday that its Starship megarocket is scheduled to blast off on a new test flight next …

Stocks waver on mixed US data, eyes on Trump-Putin summit

Aug 15 2025

Stock markets wavered on Friday as investors digested mixed American economic data and monitored a landmark US-Russia …

Vietnamese rice grower helps tackle Cuba's food shortage

Aug 15 2025

Outside Havana, a combine belonging to a private Vietnamese company is harvesting rice, directly farming Cuban land -- …

Football and falls as first humanoid robot games launch in China

Aug 15 2025

The first World Humanoid Robot Games began on Friday in Beijing with over 500 androids alternating between jerky tumbles …

Davos founder Schwab cleared of misconduct by WEF probe

Aug 15 2025

An investigation conducted by the World Economic Forum's board on Friday cleared the body's founder Klaus Schwab and his …

US retail sales rise amid limited consumer tariff hit so far

Aug 15 2025

US retail sales rose moderately in July, according to data released Friday, as markets monitor tariffs that do not so …

Deadline looms to avert Air Canada strike

Aug 15 2025

Air Canada faced a midnight deadline Friday to avert a flight attendants strike that would shut down service, creating …

Stocks waver as US-Russia summit looms

Aug 15 2025

Stock markets wavered on Friday as investors digested mixed US economic data and awaited a landmark US-Russia summit …

Stocks mostly higher before US-Russia summit

Aug 15 2025

Stock markets mostly rose Friday with all eyes on a landmark US-Russia summit aimed at ending the war in Ukraine.

World's first humanoid robot games begin in China

Aug 15 2025

The world's first-ever humanoid robot games began Friday in Beijing, with over 500 androids alternating between jerky …

Five things to know about Nigeria's oil sector

Aug 15 2025

Africa's biggest oil refinery will on Friday start direct and free shipping of fuel to retailers in Nigeria, a move …

Asia stocks mixed before US-Russia summit

Aug 15 2025

Asian stocks were mixed Friday after better-than-expected Japanese growth and weak Chinese data, while oil slipped back …

Trump's tariffs drown Brazil's fish industry

Aug 15 2025

When the water pump is switched on, hundreds of tilapia come to the surface of a pond at a Brazilian fish farm. Their …

Japan posts modest growth despite US tariffs

Aug 15 2025

Japan eked out modest growth in the second quarter despite painful US tariffs, official data showed Friday, in welcome …

LA 2028 to sell venue name rights in Olympic first

Aug 15 2025

Organizers of the Los Angeles 2028 Olympics will sell naming rights for some competition venues to "unlock an additional …

Trump's tariffs have not reduced Panama Canal traffic -- yet

Aug 14 2025

Tariffs imposed by US President Donald Trump on dozens of countries have so far not affected container ship traffic …

Oil prices rise ahead of US-Russia summit as stocks digest inflation data

Aug 14 2025

Wall Street stocks finished little changed Thursday as markets absorbed a disappointing inflation report, while oil …

US producer inflation highest in three years in July

Aug 14 2025

US producer price inflation bounced in July to its highest reading since 2022, data showed Thursday, with underlying …

Apple Watch gets revamped blood oxygen feature

Aug 14 2025

Apple on Thursday said some of its top smartwatch models are getting a redesigned blood oxygen sensing feature, …

Apple rejects Musk claim of App Store bias

Aug 14 2025

Apple on Thursday rejected Elon Musk's claim that its digital App Store favors OpenAI's ChatGPT over his company's Grok …

Air Canada cancels flights over strike threat

Aug 14 2025

Air Canada began cancelling flights on Thursday after receiving a strike notice from the flight attendants' union, …

Germany sacks rail chief with train network in crisis

Aug 14 2025

The German government sacked the embattled head of Deutsche Bahn on Thursday as it seeks to overhaul the ailing public …

US stocks drop as producer inflation surges

Aug 14 2025

Wall Street shares fell Thursday after data showed US producer price inflation surged far more than expected in July, …

Stocks diverge as bitcoin hits record high

Aug 14 2025

European and Asian stock markets diverged Thursday and bitcoin hit a record high on the eve of landmark talks between US …

Germany's Thyssenkrupp cuts targets as US tariffs weigh

Aug 14 2025

Thyssenkrupp's shares slumped Thursday as the struggling German industrial giant slashed its sales forecasts due to weak …