Business and Economy



Bangladesh to increase garment sector pay after protests

AFP - 1h ago

Bangladesh's garment wage board agreed on Wednesday to raise minimum pay in the key export sector, but details remained …

Dollar and oil drop after Trump's election rout

AFP - 1h ago

The dollar and oil prices dropped on Wednesday as traders digested President Donald Trump's heavy defeat in US midterm …

Democratic victories cloud outlook for AI data center rollout

AFP - 3h ago

Strong wins for Democratic candidates threaten the prospects for energy-guzzling data centers in key US states, …

French regional bank says cyberattack caused 'fraudulent transactions'

AFP - 3h ago

French regional bank Credit Mutuel Arkea said Wednesday it had been the victim of a cyberattack that allowed fraudulent …

BMW to step up job cuts as China woes deepen

AFP - 4h ago

BMW said Wednesday that it would step up planned job cuts as it reported a drop in third-quarter profit, hit by …

Google unveils $15 bn data centre investment in Malaysia

AFP - 4h ago

Google announced plans on Wednesday to invest $15 billion in Malaysia over the next two years to build data centres and …

'Fewer and fewer': Dry summer hits Italy truffle season

AFP - 4h ago

After an excessively dry summer, black truffles are becoming few and far between in the misty hills of the Piedmont …

Bangladesh to increase garment sector pay: wage board

AFP - 3h ago

Bangladesh's garment industry wage board said on Wednesday it had agreed to raise the minimum wage for workers in the …

Most stocks rise, dollar drops as Democrats take control of Congress

AFP - 3h ago

Stock markets mostly rose Wednesday as investors assessed the impact of a Democratic sweep of Congress that dealt a blow …

Stocks and dollar drop as Democrats enjoy big early wins

AFP - 50m ago

Asian stocks were mixed Wednesday as investors tried to ascertain the impact of a Democratic sweep of Congress that …

Apple AI tools come to China after two-year delay

AFP - 8h ago

Apple began on Wednesday a long-delayed trial rollout of in-house artificial intelligence tools for Chinese users, …

Binance reveals hackers used fake job interviews, malicious code in $6-bn heist

AFP - 12h ago

Binance released on Tuesday a detailed investigation into the $6 billion hack of its cryptocurrency platform, showing …

US stocks end mostly up as markets await election results

Nov 03 2026

Wall Street stocks finished mostly higher as oil prices continued to pull back while markets awaited results from US …

Spanish transport minister offers resignation after deadly train crash

Nov 03 2026

Spain's transport minister handed in his resignation on Tuesday following a train crash that killed 69 people last week, …

At least 11 European countries snared in freezer cyberattacks

Nov 03 2026

Germany, Romania and the UK on Tuesday joined the growing list of European nations hit by cyberattacks on supermarket …

BMW issues second profit warning in a year

Nov 03 2026

Premium German carmaker BMW issued its second profit warning for the financial year on Tuesday, citing costs related to …

Italy holds security talks after European freezer cyberattacks

Nov 03 2026

Italy's government held emergency talks with intelligence chiefs on Tuesday following cyberattacks on supermarket …

Stocks wobble on concerns over AI and US midterms

Nov 03 2026

Stock markets wavered Tuesday amid growing nervousness about the debt-fuelled spending by AI heavyweights, though the …

Stocks slip on AI fears, all eyes on US midterms

Nov 03 2026

Stock markets wavered Tuesday amid growing nervousness about the debt-fuelled spending by AI heavyweights, though the …

Unions urge South Africa to save US duty-free trade deal

Nov 03 2026

South African unions urged the government Tuesday to work to save a US duty-free trade deal that supports thousands of …

Spain says to work 'tirelessly' to restore trust in trains after disasters

Nov 03 2026

Spain will work "tirelessly" to restore confidence in its high-speed trains, the transport minister said Tuesday, after …

Lufthansa latest airline to flag ticket price hikes amid Iran war energy shock

Nov 03 2026

Lufthansa on Tuesday became the latest airline to warn that ticket prices will rise further, as it forecast a …

German auto crisis deepens as supplier cuts over 3,000 jobs

Nov 03 2026

German auto parts supplier Schaeffler said Tuesday that it planned to cut almost 3,500 jobs and close five sites in …

Stocks drop on AI fears, eyes on US midterms

Nov 03 2026

Stock markets struggled Tuesday following another AI-fuelled tech selloff on Wall Street and as investors turned their …

Virgin Media O2 to cut thousands of jobs and slash costs

Nov 03 2026

British telecoms group Virgin Media O2 said Tuesday that it would cut thousands of jobs in a sweeping cost-saving …

Bangladesh garment workers clash with police, defy call to end protests

Nov 03 2026

Paramilitary forces were deployed in industrial suburbs around the Bangladesh capital as protests by garment sector …

Stocks mostly down on AI concerns as oil prices bounce after plunge

Nov 03 2026

Asian stock markets struggled Tuesday following another AI-fuelled tech selloff on Wall Street that overshadowed a …

Philips says reached deal 'in principle' with US over sleep machine recall

Nov 03 2026

Dutch electronics and medical device manufacturer Philips said Tuesday it had reached a deal "in principle" with US …

German auto crisis deepens as supplier announces job cuts, site closures

Nov 03 2026

German auto parts supplier Schaeffler said Tuesday that it planned to cut almost 3,500 jobs and close five sites in …

Stocks mostly down as AI concerns drag on sentiment

Nov 03 2026

Asian stock markets struggled Tuesday following another AI-fuelled tech selloff on Wall Street that overshadowed a …

Lufthansa says 2026 fuel costs to be 2 bn euros higher amid Iran war

Nov 03 2026

German airline giant Lufthansa said Tuesday it expects its 2026 fuel costs to be two billion euros ($2.24 billion) …

Living costs, housing, job uncertainty fuel European youth anger

Nov 03 2026

Countries across Europe have been swept by a wave of protests by young people angry at the spiralling cost of living who …

Australian central bank lifts key interest rate to 18-year high

Nov 03 2026

Australia's central bank raised its key interest rate to a 18-year high on Tuesday, citing the prolonged war in the …

Stocks mostly down as AI concerns top plunge in oil prices

Nov 03 2026

Asian stock markets struggled Tuesday following another AI-fuelled tech selloff on Wall Street that overshadowed a …

Sea drone makers compete in Taiwan for soaring investment

Nov 03 2026

Silver-hulled sea drones skim across the water as part of an exhibition in Taiwan where local and foreign companies are …

Fridge cyberattack hits supermarkets across Europe

Nov 03 2026

A suspected cyberattack hit grocery stores across at least nine European countries on Monday, prompting the EU to warn …

Apple beats sales and profit expectations but AI costs weigh on holiday sales

Nov 02 2026

Apple exceeded analysts' expectations for its latest results on Monday when the iPhone-maker said it notched a "revenue …

US to exclude South Africa, Rwanda from Africa duty-free trade deal

Nov 02 2026

The United States said on Monday it would remove South Africa and Rwanda from a major Africa-US trade preference …

Oil prices plunge on US-Iran detente hopes ahead of US midterms

Nov 02 2026

Oil prices tumbled more than seven percent on Monday, the eve of crucial midterm elections in the United States, as …

Storied Paris department store receives bankruptcy protection

Nov 02 2026

A court on Monday granted bankruptcy protection to iconic Paris department store BHV Marais, which sparked controversy …

Anthropic says revenue surged 1,100 percent ahead of IPO

Nov 02 2026

Anthropic, one of the world's leading artificial intelligence companies, on Monday reported a more than 1,100 percent …

Caught cold: fridge cyberattack highlights internet gadget weaknesses

Nov 02 2026

Cyberattacks affecting supermarket refrigeration systems in several European countries on Monday highlighted the risks …

Marvell, Lumentum merge in $115 bn deal amid AI spending jitters

Nov 02 2026

US chipmaker Marvell Technology said Monday it will buy optical components maker Lumentum in a $115 billion all-stock …

Oil prices plunge on US-Iran detente hopes ahead of midterms

Nov 02 2026

Oil prices sank around seven percent on Monday, the eve of crucial midterm elections in the United States, as signals …

Ryanair looks to freeze wages, hike fares as fuel prices soar

Nov 02 2026

Irish no-frills airline Ryanair said Monday it would launch a cost-cutting drive and hike fares next year to help offset …

Bangladesh garment workers clash with police protesting higher wages

Nov 02 2026

Thousands of striking Bangladeshi garment workers clashed with police on Monday, demanding a monthly minimum wage more …

Oil prices sink on US-Iran detente hopes ahead of midterms

Nov 02 2026

Oil prices sank more than six percent on Monday, the eve of crucial midterm elections in the United States, as signals …

Belgian PM offers to quit over budget impasse

Nov 02 2026

Belgian Prime Minister Bart De Wever tendered his resignation to King Philippe on Monday as coalition talks deadlocked …

Germany says gas supplies 'secured' after missing storage target

Nov 02 2026

Germany insisted Monday that it would have enough gas for the winter despite missing a storage target as the Middle East …

Bangladesh garment sector: economic backbone under pressure

Nov 02 2026

Bangladesh's garment industry, which clothes millions of consumers across Europe and North America, is the country's …

Ryanair to freeze wages, hike fares as fuel prices soar

Nov 02 2026

Irish no-frills airline Ryanair said Monday it would launch a cost-cutting drive and hike fares next year to help offset …

Oil prices sink on US-Iran war hope ahead of midterms

Nov 02 2026

Oil prices sank more than four percent Monday as a report that Donald Trump wanted to negotiate with Iran raised hope of …

Winds of change: Laos looks up for renewables push

Nov 02 2026

Rising from verdant ridgelines of southern Laos, 133 Chinese-built wind turbines help power Vietnam's surging growth and …

Stocks mixed as tech sector struggles to rebound from selloff

Nov 02 2026

Stocks were mixed on Monday as investors struggled to recover from last week's tough run fuelled by disappointing …

Asian stocks mixed as tech sector struggles to rebound from selloff

Nov 02 2026

Asian stocks were mixed on Monday as investors struggled to recover from last week's tough run fuelled by disappointing …

ExxonMobil urged to re-think Papua New Guinea gas project

Nov 02 2026

One of the world's rarest bats could be at risk if ExxonMobil forges ahead with a Papua New Guinea gas project, a law …

South Korea to double spending on AI and chips in 2027

Nov 02 2026

South Korea will double spending on AI and semiconductors in 2027 to a record high, the president said Monday, pledging …

Binance resumes withdrawals after more than $6 bn stolen in hack

Nov 01 2026

Binance said that it had seen withdrawals of around $4.7 billion on Sunday, after more than $6 billion in virtual assets …

Binance says resuming withdrawals after major hack

Nov 01 2026

Binance said Sunday that it had resumed withdrawals after a major hack that affected more than $6 billion in funds.

FBI says North Korea behind $6 billion crypto theft from Binance

Nov 01 2026

The FBI on Saturday accused North Korea of stealing more than $6 billion in virtual assets from the cryptocurrency …

EU's new levy on parcels kicks in

Nov 01 2026

The European Union slapped a two-euro ($2.25) handling fee on packages from outside the 27-nation bloc on Sunday in a …

US oil companies aim to squeeze more out of refineries

Oct 31 2026

US oil companies are investing to squeeze out more fuel from refineries and bringing shuttered plants back online in …

Markets lashed by tech rout as earnings fan AI fears

Oct 30 2026

Technology firms retreated further Friday after more poorly received earnings from US titans fanned deepening concerns …

Canada, EU launch new alliance with deals on Ukraine, minerals, AI

Oct 30 2026

The EU and Canada announced an alliance Friday aimed at cementing their own relations in the face of President Donald …

Monaco taken off global money-laundering 'grey list'

Oct 30 2026

Global anti-money laundering watchdog the Financial Action Task Force (FATF) said Friday it had removed Monaco and three …

EU and Canada to 'withstand shocks together' with new alliance

Oct 30 2026

EU chiefs Ursula von der Leyen and Antonio Costa held talks with Canada's Mark Carney in Montreal Friday to finalize a …

Binance heist: How were cryptocurrency billions stolen?

Oct 30 2026

Binance, the world's biggest cryptocurrency exchange, estimates that assets worth $6.3 billion were impacted by a …

Wall Street tech rout deepens on doubts over AI spending

Oct 30 2026

Shares in US tech giants were pummeled on Friday, capping a week of earnings results that raised questions on Wall …

Drugs giant AstraZeneca reveals higher profits, savings plan

Oct 30 2026

British pharmaceutical group AstraZeneca announced Friday a 23-percent jump in net profit for the third quarter and a …

'Life in the old dog': German economy grows more than expected

Oct 30 2026

Germany's quarterly growth beat forecasts and inflation slowed sharply as energy price pressures fuelled by the Iran war …

Italy inflation surges to 5.4% as economy stalls

Oct 30 2026

Italian inflation rose 5.4 percent in October from a year earlier as the economy stalled in the third quarter, Italy's …

US jury hands win to Bayer in weedkiller cancer case

Oct 30 2026

A US jury has sided with multinational giant Bayer over three women's claims its Roundup weedkiller caused their cancer, …

US oil giants report profit surge again on Iran war

Oct 30 2026

US oil giants reported Friday another quarter of soaring profits reflecting higher oil prices and refining margins due …

Tech sell-off deepens as earnings fan AI fears

Oct 30 2026

Technology firms retreated further Friday after more poorly-received earnings from US titans fanned deepening concerns …

Eurozone growth holds up despite energy crunch

Oct 30 2026

The eurozone economy grew more than expected in the third quarter, official data showed Friday, demonstrating resilience …

Carmaker Audi cuts outlook again on China, US woes

Oct 30 2026

Premium German carmaker Audi on Friday cut its profit outlook for the second time this year, complicating turnaround …

BP net profit quadruples as Mideast war lifts oil prices

Oct 30 2026

British energy giant BP said Friday that its net profit quadrupled in the third quarter as the Middle East war disrupted …

French economy 'headed for a wall' as GDP shrinks

Oct 30 2026

The French economy could be "headed for a wall" if the government is unable to pass a deficit-reducing budget soon, its …

German economy logs 0.2% growth, faster than expected

Oct 30 2026

Germany's economy grew faster than expected in the third quarter, official data showed Friday, defying headwinds ranging …

Crypto platform Binance confirms 'complex' $6.3 bn hack

Oct 30 2026

Cryptocurrency platform Binance said Friday it was working to resolve a "complex attack" that hit around $6.3 billion in …

Spanish inflation stays at three-year high before election

Oct 30 2026

Spanish inflation in October remained at 4.9 percent, its highest level since February 2023, official data showed …

Tech firms take fresh hit as earnings misses fan AI fears

Oct 30 2026

Tech firms were again on the back foot Friday after another round of disappointing earnings from Wall Street titans …

BP net profit quadruples on higher oil prices

Oct 30 2026

British energy giant BP said Friday that its net profit quadrupled in the third quarter as the Middle East war disrupted …

Surging costs of living top US voter concerns

Oct 30 2026

Soaring prices for gas, medicine and other cost of living essentials are preoccupying Americans as they start to cast …

Crypto platform Binance confirms $6.3 bn hack

Oct 30 2026

Cryptocurrency platform Binance said Thursday it had fallen victim to a major hack that hit around $6.3 billion in …

Malawi's fuel shortages, record prices deepen economic crisis

Oct 30 2026

Word spread that a fuel tanker was nearing a filling station in Malawi's capital, Lilongwe, and the snaking queue surged …

From minerals to AI, EU and Canada to forge new alliance

Oct 30 2026

Squeezed by the United States and China, the European Union and Canada are set to unveil Friday a series of deals -- …

Dodging fuel price hikes, Damascus drivers turn to electric cars

Oct 30 2026

Taxi driver Mohammed Kanaan drives his shiny new electric car around Damascus's rundown streets, hoping for higher …

Crypto platform Binance confirms major hack, more than $2.5bn frozen

Oct 30 2026

Cryptocurrency platform Binance said Thursday it had fallen victim to a major hack and indicated that more than $2.5 …

Nvidia's web of AI bets: smart strategy or bubble risk?

Oct 30 2026

Nvidia's $3 billion investment in Meta's share sale, announced Tuesday, is the latest addition to a portfolio of stakes, …

Charity crowdfunds millions to buy historic English estate

Oct 30 2026

A leading UK conservation charity announced Friday it had raised some £30 million ($40 million) via crowdfunding to buy …

Amazon cloud business accelerates but shares drop on profit miss

Oct 29 2026

Amazon shares fell more than seven percent in after-hours trading Thursday following a quarterly earnings report that …

Google drags down US stocks as Lagarde signals early ECB exit

Oct 29 2026

Wall Street stocks retreated Thursday, led by the tech-focused Nasdaq after disappointing results from Google parent …

Utah files criminal charges against prediction market Kalshi

Oct 29 2026

Prosecutors in the western US state of Utah have filed criminal charges against prediction market Kalshi, accusing the …

Bugatti CEO to stop leaving keys inside cars after Chiron theft

Oct 29 2026

The Croatian CEO of Bugatti vowed on Thursday to stop leaving keys inside cars after his multi-million-dollar Chiron was …

US economy posts strong growth, inflation stubbornly high in challenge to Trump

Oct 29 2026

The United States posted strong economic growth in the third quarter, but the Fed's preferred inflation gauge also …

French court rules Meta must negotiate over rights payments

Oct 29 2026

A French appeals court rejected on Thursday an attempt by Meta to overturn an order to negotiate in good faith with …

Google drags down Wall Street stocks

Oct 29 2026

Wall Street's main stock indices flashed red Thursday as investors dropped shares in the parent company of Google …

ECB says has tools to calm markets as French debt worries rise

Oct 29 2026

The European Central Bank on Thursday said it had crisis-fighting tools to deal with "disorderly" markets, seeking to …

IMF says engaging with Iraq on preparing new bailout program

Oct 29 2026

The International Monetary Fund on Thursday said it was engaging with Iraqi authorities as it prepares a new bailout …

ECB chief Lagarde to step down early, triggering succession race

Oct 29 2026

European Central Bank President Christine Lagarde will step down in February, months before her term ends, officials …

Tech jitters pull down Wall Street stocks

Oct 29 2026

Wall Street's main stock indices flashed red Thursday as investors dropped shares in the parent company of Google …