Business and Economy



UK dreams of US trade deal before Trump tariffs

AFP - 36m ago

Britain's government is hoping to reach a last-minute post-Brexit trade agreement with Washington to avoid -- or at …

'Defiant' Canada autoworkers vow to fight tariff layoffs

AFP - 2h ago

Jeff Gray, a union leader for Canadians working for GM, has a message for companies considering moving auto jobs to the …

Trump, Canada PM strike positive note after call

Mar 28 2025

US President Donald Trump said he had an "extremely productive" first call Friday with Canada's new Prime Minister Mark …

Global markets slide as fears over US tariffs intensify

Mar 28 2025

Stock markets plunged Friday as a closely watched US inflation reading heated up amid intensifying concerns over fallout …

Vance says Denmark has 'under-invested' in Greenland

Mar 28 2025

US Vice President JD Vance accused Denmark on Friday of not having done enough to protect Greenland, when he visited the …

Trump auto tariffs strike at heart of North American trade

Mar 28 2025

US President Donald Trump's tariffs on imported cars strike at the heart of a North American free trade agreement, …

Trump, Canada PM ease tensions with 'productive' call

Mar 28 2025

US President Donald Trump said he had an "extremely productive" first call Friday with Canada's new Prime Minister Mark …

Stock markets slide over US inflation, tariff fears

Mar 28 2025

Stock markets took a tumble Friday as a closely watched US inflation reading heated up, adding to concerns over the …

US 'in arrears' at the WTO

Mar 28 2025

The United States has not paid its 2024 dues to the World Trade Organization and is therefore now deemed to be in …

US Fed's preferred inflation gauge shows some cause for concern

Mar 28 2025

The US Federal Reserve's preferred inflation measure was largely unchanged last month, according to government data …

Stock markets fall over US inflation, tariff fears

Mar 28 2025

Stock markets fell on Friday as a closely-watched US inflation reading heated up, adding to concerns over the fallout …

Cuba resurrects dollar-only stores, a symbol of inequality

Mar 28 2025

In communist Cuba, some customers are more equal than others, as a 40-year-old math teacher who was out shopping …

Germany says 'nothing off table' in US tariff row

Mar 28 2025

Germany said Friday it hopes the EU and United States can negotiate an agreement on US auto tariffs but the bloc was …

Stock markets drop as autos suffer more tariff-fuelled losses

Mar 28 2025

Auto companies bore the brunt of stock market losses again on Friday after President Donald Trump announced steep …

No 'spring revival' for Germany as unemployment rises

Mar 28 2025

Germany's unemployment rate unexpectedly rose in March after holding steady for two months, data showed Friday, with …

Asian markets sink as autos suffer more tariff-fuelled losses

Mar 28 2025

Auto companies once again took the brunt of the selling on another tough day for markets on Friday after President …

Japan PM says Trump's tariff views hard to understand

Mar 28 2025

Japanese Prime Minister Shigeru Ishiba said Friday that Donald Trump's views on tariffs were "difficult to understand" …

The UK car loan scandal that could cost banks billions

Mar 28 2025

Banks may have to pay out tens of billions of pounds if the British Supreme Court upholds a judgment ruling …

Asian markets mixed as autos suffer more tariff-fuelled losses

Mar 28 2025

Asian markets were mixed Friday as traders brace for next week's expected wave of US tariffs, while auto firms extended …

Clean energy giant Goldwind leads China's global sector push

Mar 28 2025

China has rushed ahead in recent years as the world's forerunner in wind energy, propelled by explosive local demand as …

Regulator clears Qatar Airways-Virgin Australia alliance

Mar 28 2025

Australia's competition regulator gave the go-ahead Friday for Qatar Airways to launch an alliance with Virgin …

Copyright questions loom as ChatGPT's Ghibli-style images go viral

Mar 28 2025

The release of the latest image generator on OpenAI's ChatGPT has triggered a flood of online memes featuring images …

Man charged with destroying Teslas in Las Vegas, amid anti-Musk wave

Mar 28 2025

A man who allegedly set fire to five Teslas and sprayed them with bullets from a semi-automatic rifle appeared in a US …

Trump's auto tariffs spark global outcry as price hikes loom

Mar 27 2025

World powers on Thursday blasted US President Donald Trump's steep tariffs on imported vehicles and parts, urging …

Autos lead market losses after Trump unveils sharp tariffs

Mar 27 2025

Automakers were battered Thursday as stock markets fell on both sides of the Atlantic after US President Donald Trump …

Argentina seeking $20 billion IMF loan

Mar 27 2025

Argentina has sought a $20 billion loan from the International Monetary Fund, the country's economy minister said …

US auto industry stunned by tariffs meant to save it

Mar 27 2025

The 25 percent tariffs on automobiles announced by President Donald Trump are meant to revitalize American industry, but …

Games publisher Ubisoft announces restructuring, billion-euro investment

Mar 27 2025

In a bid to escape financial woes, French games giant Ubisoft said Thursday it was creating a new subsidiary around its …

Autos lead market losses after Trump tariffs

Mar 27 2025

Automakers were battered Thursday and stock markets fell on both sides of the Atlantic after US President Donald Trump …

BBC launches survey on its future ahead of funding review

Mar 27 2025

The BBC launched a UK-wide poll on Thursday asking audiences for their views on its future, as the cash-strapped British …

Mexico seeks 'preferential treatment' on US tariffs

Mar 27 2025

Mexico said Thursday that it wanted preferential treatment if US President Donald Trump goes ahead with steep car …

Trump tariffs to hit European automakers hard

Mar 27 2025

President Donald Trump's tariffs on auto imports will deal a heavy blow to European carmakers, especially German …

Global outcry as Trump heaps tariffs on foreign autos and parts

Mar 27 2025

World powers on Thursday blasted US President Donald Trump's steep tariffs on imported vehicles and parts, vowing …

Walmart to invest billions in Mexico despite US tariff threat

Mar 27 2025

US retail giant Walmart said Thursday that it would invest more than $6 billion in Mexico this year, despite President …

Sudan's booming wartime gold trade flows through the UAE

Mar 27 2025

Sudan's gold industry has become the lifeblood of its war, with nearly all of the trade channelled through the United …

Crisis-hit German rail operator reports another massive loss

Mar 27 2025

German rail operator Deutsche Bahn reported another massive annual loss Thursday as it battles a "serious crisis" but …

Tariff-hit British Steel confirms plan to shut blast furnaces

Mar 27 2025

Chinese-owned British Steel confirmed Thursday plans to shut blast furnaces and other operations in England, saying US …

Hundreds of fungi species threatened with extinction: IUCN

Mar 27 2025

Deforestation, farming and climate-fuelled fires are driving increasing threats to fungi, the lifeblood of most plants …

Tariff-hit British Steel confirms furnace closures

Mar 27 2025

Chinese-owned British Steel confirmed Thursday plans to shut blast furnaces and other operations in England, blaming a …

Autos lead market losses after Trump's latest tariffs salvo

Mar 27 2025

Share prices of automakers slid Thursday after US President Donald Trump announced painful tariffs on imported vehicles …

Global outcry as Trump heaps 25% tariffs on foreign-built vehicles

Mar 27 2025

World powers on Thursday blasted US President Donald Trump's steep tariffs on imports of vehicles and car parts, vowing …

China rebuffs Trump offer of tariff concessions if Beijing agrees TikTok deal

Mar 27 2025

China rebuffed on Thursday a suggestion from US President Donald Trump that he might offer to reduce tariffs on the …

Japan warns of 'significant impact' from US tariffs

Mar 27 2025

Japan's government warned Thursday of a "significant impact" on its economic ties with the United States and on global …

Autos lead Asian market losses after Trump's latest tariffs salvo

Mar 27 2025

A plunge in automakers hit Asia equities on Thursday after Donald Trump announced painful tariffs on all imported …

Trump announces 25% tariffs on foreign-built vehicles

Mar 27 2025

US President Donald Trump has announced steep tariffs on auto imports and parts, provoking threats of retaliation from …

Lesotho fears Trump shake-up could tear threadbare economy

Mar 27 2025

In a sweltering factory in Lesotho, rows of workers hunch over thrumming sewing machines churning out piles of jeans for …

UK town motors on as historic Vauxhall plant to shut

Mar 27 2025

At regular intervals, vehicle transporters exited the front gates of the historic Vauxhall plant in the English town of …

AI's impact on jobs, tech's touchy topic

Mar 27 2025

"Stop Hiring Humans" read a provocative sign at an AI conference in Las Vegas, where the impact of new artificial …

Chile rocked by clashes over fishing quotas

Mar 26 2025

Chilean police fired tear gas and water cannon Wednesday as they battled with hundreds of fishermen who threw stones and …

Market tracker expects brands' fear of Musk to boost X ad revenue

Mar 26 2025

Emarketer on Wednesday forecast that ad revenue at X, formerly Twitter, will grow this year as brands fear retaliation …

Global stocks drop ahead of Trump auto tariff announcement

Mar 26 2025

Global stock markets mostly slipped Wednesday as investors readied for an announcement on auto tariffs from US President …

Tesla troubles: Speed bump or early signs of impending crash?

Mar 26 2025

Tesla, the Elon Musk-run auto company, has had a turbulent time recently, fueled by its chief executive's close ties to …

Trump set to announce tariffs on auto imports

Mar 26 2025

US President Donald Trump will announce tariffs on auto imports Wednesday, the White House said, in a move set to fuel …

France's Schneider Electric announces $700 mn investment in US for AI and energy

Mar 26 2025

French electrical equipment company Schneider Electric said on Wednesday it plans to invest "more than $700 million" in …

Trump tariffs could push up inflation: senior Fed official

Mar 26 2025

US President Donald Trump's tariff plans could increase inflation by as much as 1.2 percentage points if they are fully …

White House says Trump to announce auto tariffs Wednesday

Mar 26 2025

US President Donald Trump will announce tariffs on auto imports to the country Wednesday, the White House said in a move …

Global stocks drop as US tariff uncertainty lingers

Mar 26 2025

Global stock markets mostly slipped Wednesday as investors digested conflicting signals from President Donald Trump …

Canada PM Carney details fund to protect auto industry against Trump

Mar 26 2025

Prime Minister Mark Carney on Wednesday announced support for "all-in-Canada" auto manufacturing, escalating trade …

UK slashes growth forecast, cuts public spending

Mar 26 2025

The UK government halved its 2025 growth forecast on Wednesday as it made billions of pounds of spendings cuts to shore …

Sweden to boost defence spending $30 bn over a decade

Mar 26 2025

Sweden will increase defence spending by about 300 billion kronor ($30 billion) over the next decade, the prime minister …

Apple says Indonesia iPhone sales ban ends in April

Mar 26 2025

Teach giant Apple announced on Wednesday the iPhone 16 will be available in Indonesia from next month, indicating the …

Global stocks mixed as US tariff uncertainty lingers

Mar 26 2025

Global stock markets diverged Wednesday as investors remained cautious following conflicting signals from President …

China drinks chain Mixue profits spike 40% in 2024

Mar 26 2025

Chinese drinks company Mixue Group, which has surpassed McDonald's and Starbucks in store count to become the world's …

US may miss out on green tech boom: Germany

Mar 26 2025

Europe must seize on the "huge economic opportunities" offered by the green technology boom, Germany said Wednesday -- …

Lula says Mercosur, Japan to discuss trade deal

Mar 26 2025

Brazil's President Luiz Inacio Lula da Silva said Wednesday that he expects talks between South America's Mercosur bloc …

China chip insiders eye stronger global ties despite trade tensions

Mar 26 2025

Industry insiders at a semiconductor trade fair in Shanghai urged more cooperation between the Chinese chip sector and …

Stocks mostly rise on trade optimism, but Trump uncertainty lingers

Mar 26 2025

Lingering hopes that Donald Trump's planned tariff blitz next week will not be as painful as feared lifted most Asian …

Over a billion pounds of Coke plastic waste to enter waterways: study

Mar 26 2025

By 2030, Coca-Cola products will account for an estimated 1.33 billion pounds (602,000 metric tons) of plastic waste …

UK set to cut public spending by billions of pounds

Mar 26 2025

Britain's finance minister Rachel Reeves is set to detail billions of pounds of spending cuts in her Spring Statement on …

US imposes trade restrictions on dozens of entities with eye on China

Mar 26 2025

The United States added dozens of entities to a trade blacklist Tuesday, its Commerce Department said, in part to …

Lula urges Mercosur-Japan deal to counter Trump protectionism

Mar 26 2025

Brazil's President Luiz Inacio Lula da Silva called Wednesday for a trade deal between South America's Mercosur bloc and …

ECB's digital euro sparks flurry of online misinformation

Mar 26 2025

European Central Bank president Christine Lagarde's recent remarks on a "digital euro" prompted a fresh wave of …

ECB pushes back against calls for looser bank rules

Mar 26 2025

The European Central Bank has pushed back against calls to loosen rules for eurozone banks despite fears they could fall …

Asian stocks rise on trade optimism, but US policy uncertainty lingers

Mar 26 2025

Lingering hopes that Donald Trump's planned tariff blitz next week will not be as painful as feared helped lift Asian …

Filipinos see pathway from poverty with virtual assistant jobs

Mar 26 2025

Nathalie Mago's work day begins after she's tucked her three daughters into bed and flicked off the lights in their …

Rising seas test defenses of South American ports

Mar 26 2025

When waves come crashing over the sea wall in Chile's biggest port of San Antonio, dockers run for cover.

Vacation buzzkill: Canadians cancel summer trips to Trump's America

Mar 26 2025

Rosalie Cote and her parents vacationed in the US state of Maine every summer for 25 years -- but this year they are …

US judge sets June 23 trial date over Boeing crashes

Mar 25 2025

A US federal judge on Tuesday set a trial date of June 23 in the Justice Department's criminal case against aircraft …

Stocks edge out gains as fears ease over next Trump tariffs

Mar 25 2025

Global equities eked out some gains Tuesday with Wall Street largely advancing while European stocks made modest …

'Spider-Man,' 'Harry Potter' producers hired for new 007 film

Mar 25 2025

The producers behind the "Spider-Man" and "Harry Potter" film franchises will oversee the next James Bond movie, Amazon …

Stocks meander as fears ease over next Trump tariffs

Mar 25 2025

Global equities meandered Tuesday as Wall Street struggled to hold early gains while European stocks made modest gains …

Lesotho's king warns nation will reel from Trump cuts

Mar 25 2025

Lesotho will suffer from Donald Trump's aid cuts and stands to lose up to 40,000 jobs if the US president also cancels a …

Chewing gum releases microplastics into mouth: researchers

Mar 25 2025

Chewing gum releases hundreds of tiny plastic pieces straight into people's mouths, researchers said on Tuesday, also …

Stocks up as fears ease over next Trump tariffs

Mar 25 2025

Wall Street clung to strong gains and European stocks rose on Tuesday over easing concerns about the next round of …

France to auction superyacht seized in money-laundering case

Mar 25 2025

French authorities will put up for sale Thursday a superyacht seized in a money laundering case involving a Belarusian …

Shell plans to cut more costs, boost gas sales

Mar 25 2025

British energy giant Shell on Tuesday announced plans to slash costs by billions of dollars and increase shareholder …

European stocks jump after Wall Street rally

Mar 25 2025

Europe's main stock markets rose solidly Tuesday after a rally on Wall Street thanks to easing concerns over US …

Tesla sales sink by nearly half in Europe

Mar 25 2025

Tesla sales plunged in the European Union in the first two months of the year, auto industry figures showed Tuesday, as …

Trump to impose sharp tariffs on countries buying Venezuelan oil

Mar 25 2025

US President Donald Trump announced Monday steep tariffs on imports from countries buying Venezuelan oil and gas, a …

Markets mixed as traders struggle to match Wall St rally

Mar 25 2025

Equities diverged Tuesday, as investors struggled to extend Wall Street's rally despite easing fears over Donald Trump's …

Asian markets mixed as traders struggle to match Wall St rally

Mar 25 2025

Equities diverged in Asia on Tuesday, as investors struggled to extend Wall Street's rally despite easing fears over …

Samsung TV pioneer Han Jong-hee dead at 63

Mar 25 2025

Samsung Electronics co-CEO Han Jong-hee, credited with boosting the South Korean tech giant's television business on the …

Most Asian markets track Wall St on tariff hope

Mar 25 2025

Equities mostly rose in Asia on Tuesday, extending Wall Street's rally on easing fears over Donald Trump's planned …

Trump to impose sharp tariff on countries buying Venezuelan oil

Mar 25 2025

US President Donald Trump announced Monday steep tariffs on imports from countries buying Venezuelan oil and gas, a …

Shakira concerts give multimillion-dollar boost to Mexico

Mar 25 2025

Shakira fans flocking to see the Colombian star in concert are generating tens of millions of dollars for Mexico, …

Wall Street lifted on hopes for softer Trump tariffs

Mar 24 2025

Wall Street rose sharply on Monday, as the White House indicated that President Donald Trump was contemplating imposing …

Crackdown on opposition tips Turkey into financial turbulence

Mar 24 2025

The arrest of Turkish President Recep Tayyip Erdogan's leading political opponent has sparked a financial firestorm and …

Hyundai announces new $21 billion investment in US manufacturing

Mar 24 2025

South Korean auto giant Hyundai on Monday announced a multi-billion-dollar investment in the United States, including a …

'Delete your data': Genetic testing firm 23andMe files for bankruptcy

Mar 24 2025

Pioneering US genetic testing company 23andMe has filed for bankruptcy and is looking for a buyer two years after …

Wall Street lifted on fresh hopes for Trump's tariff approach

Mar 24 2025

Europe stocks dipped, but Wall Street rose strongly on Monday as worries about fresh US tariffs expected next week were …

Genetic testing firm 23andMe files for bankruptcy

Mar 24 2025

Pioneering US genetic testing company 23andMe has filed for bankruptcy and is looking for a buyer two years after …

UK targets spending cuts to mend public finances

Mar 24 2025

Britain's Labour government will deliver a highly anticipated fiscal update on Wednesday, with finance minister Rachel …