Business and Economy



'Cruise for life' strands passengers in Cambodia as operator goes bust

AFP - 2m ago

Around 200 passengers who paid to live on a cruise ship while travelling the world were abruptly left in Cambodia after …

French firm Safran helps build aircraft wings of the future in UK factory

AFP - 23m ago

For the French aerospace company Safran the future runs through a century-old factory in Britain where it aims to …

Canada hikes rates to contain oil price surge caused by Iran war

AFP - 52m ago

Canada's central bank raised its key interest rate to 2.5 percent Wednesday, as it tries to prevent an oil price surge …

World Bank warns of worsening food insecurity as commodity prices soar

AFP - 1h ago

The World Bank on Wednesday warned that global commodity prices were set to increase by 23 percent by the end of 2026, …

UK budget lifts bank tax to offset surging energy bills

AFP - 2h ago

Britain's Labour government will increase a tax on profits earned by banks to help fund support for soaring energy …

Tech optimism lifts stocks ahead of Fed update on rates

AFP - 2h ago

Share prices of technology firms surged Wednesday in Asia after blockbuster earnings from the South Korean chip giant SK …

US Fed expected to hold rates steady ahead of key midterm elections

AFP - 2h ago

The US Federal Reserve will announce a decision on setting interest rates on Wednesday, with markets expecting the …

Denmark mulls banning turbo chickens

AFP - 3h ago

Denmark's animal welfare minister said Wednesday that he wants to introduce a ban on the farming of fast-growing "turbo …

Real Madrid apologise to China over Mbappe comments

AFP - 4h ago

Real Madrid apologised to China on Wednesday for Kylian Mbappe's comments poking fun at Mao Zedong, after the star …

Billionaire Ambani's Jio soars in market debut after India's biggest IPO

AFP - 6h ago

Shares in India's Jio Platforms surged nearly 27 percent on its market debut Wednesday, after raising more than $3 …

'Eat the rich': Indonesians protest against graft, wildfires

AFP - 6h ago

Thousands of Indonesians protested in Jakarta and other cities Wednesday against economic hardship, graft and the …

China says takes Mbappe apology 'seriously' after Mao remark

AFP - 1h ago

China said Wednesday it took "seriously" an apology from Real Madrid superstar Kylian Mbappe after comments he made …

Tech stocks soar as SK hynix adds to rising AI confidence

AFP - 2h ago

Technology firms surged in Asia on Wednesday after blockbuster earnings from chip giant SK hynix helped boost optimism …

AI chip giant SK hynix posts seven-fold surge in quarterly operating profit

AFP - 2h ago

South Korean chip giant SK hynix on Wednesday reported a 632 percent surge in third-quarter operating profit, fuelled by …

Two hundred 'Cruise for life' passengers stranded in Cambodia

AFP - 9h ago

Around 200 passengers who paid to live on a cruise ship while travelling the world were abruptly left in a Cambodian …

S.African activists push back on data centre rush

AFP - 10h ago

A little boy balanced a large bottle of water on his shoulder as he returned from a communal tap near land acquired by a …

Mbappe furore rages on in China, but Mao comments censored

AFP - 2h ago

Kylian Mbappe struggled to dissipate anger on Chinese social media on Wednesday despite apologising for his comments on …

Billionaire Ambani's Jio jumps 21% in market debut after record India IPO

AFP - 5h ago

Shares in India's Jio Platforms surged more than 21 percent on its market debut Wednesday, after raising more than $3 …

Anthropic's record IPO faces some big questions

AFP - 13h ago

No startup has ever grown so fast. In five years, Anthropic has become an AI giant valued at $1 trillion, and it is now …

Billionaire Ambani's Jio to debut after record India IPO

AFP - 2h ago

India's Jio Platforms makes its stock market debut on Wednesday after a record-breaking IPO, capping billionaire owner …

UK set for cautious budget as borrowing costs climb

AFP - 12h ago

Britain's finance minister John Healey will unveil his first budget Wednesday, as he juggles commitments to defence …

Meta, Snap head to trial in another case about social media's harms

AFP - 14h ago

Jury selection is expected to begin on Wednesday in Los Angeles for another landmark trial about the alleged harms of …

Tuvalu has 'limited' power to halt its fossil fuel investments: NZ govt papers seen by AFP

AFP - 11h ago

A low-lying Pacific nation urging drastic climate action has "limited ability" to halt its own government investments in …

Trump drastically loosens oil and gas methane rules

AFP - 5h ago

US President Donald Trump announced Tuesday a sweeping rollback of rules that stop oil and gas producers from emitting …

AI chip giant SK hynix says quarterly operating profit soars 630%

AFP - 7h ago

South Korean chip giant SK hynix said Wednesday its third-quarter operating profit soared 632 percent on-year, largely …

'Faerie' nights: 'ACOTAR' fans finally get their book

Oct 27 2026

Thousands of costumed fans lined up for Tuesday's release of the sixth novel in Sarah J. Maas's hit "A Court of Thorns …

Boeing shares tumble after it releases cautious growth forecast

Oct 27 2026

Boeing shares plunged Tuesday as the company's cautious production growth timeframe surprised Wall Street, deepening …

Tech firms gain ahead of Fed decision, results from AI giants

Oct 27 2026

Wall Street stocks rose for a second straight session Tuesday behind renewed enthusiasm for artificial …

Trump set to drastically loosen oil and gas sector's methane rules

Oct 27 2026

President Donald Trump is set to announce Tuesday a sweeping rollback of rules that stop oil and gas producers from …

Storied Paris department store seeks bankruptcy protection

Oct 27 2026

Paris department store BHV Marais, which courted controversy last year with a partnership with Asian fast-fashion giant …

Mercedes-Benz cuts 2026 profit outlook on tough China market

Oct 27 2026

Mercedes-Benz on Tuesday became the third big German carmaker to cut its outlook for the year on tough conditions in …

Lula's re-election revives Brazil-US tensions

Oct 27 2026

US President Donald Trump risks further straining an already tense relationship with Brazil after he branded elections …

Tech firms gain on Anthropic IPO optimism; HSBC slumps in London

Oct 27 2026

Tech firms rose Tuesday for a second day as AI titan Anthropic's IPO filing revived optimism over the sector.

Boeing releases cautious growth plan as shares fall sharply

Oct 27 2026

Boeing shares slumped around nine percent Tuesday as the company's cautious production growth timeframe surprised Wall …

Boeing reports smaller loss as it aims for stable output growth

Oct 27 2026

Boeing on Tuesday reported a smaller quarterly loss compared with the same period last year -- when plane certification …

Dangote, Nigeria's oil tycoon rewriting Africa's story

Oct 27 2026

After going from hawking sweets to his primary schoolmates to becoming Africa's richest man, Nigerian billionaire Aliko …

Tech firms track Wall St rally on mixed day for stock markets

Oct 27 2026

Tech firms rallied Tuesday following a healthy run-up on Wall Street as traders welcomed AI titan Anthropic's IPO filing …

Norway media take legal action to block Meta from using content

Oct 27 2026

Norway's main media organisations said Tuesday they had taken legal action to block Meta from enforcing new user terms …

HSBC profit jumps on higher rates, lower costs

Oct 27 2026

HSBC profits jumped in the third quarter thanks to higher interest rates and lower costs, the bank giant said Tuesday, …

Germany, EU, stable investment stops despite upheaval: Merz

Oct 27 2026

Europe remained a stable destination for investment despite political turbulence at home and elsewhere, German …

Tech firms track Wall St rally on mixed day for Asian markets

Oct 27 2026

Tech firms rallied Tuesday following a healthy run-up on Wall Street as traders welcomed AI titan Anthropic's IPO filing …

South Korea's chip boom fuels forecast-beating third-quarter growth

Oct 27 2026

South Korea's economy grew more than three times faster than expected in the third quarter, driven by booming …

NBA inks deal with Kalshi and Polymarket, citing safeguards

Oct 27 2026

The NBA on Monday announced commercial partnerships with Kalshi and Polymarket that the basketball league said will help …

South Korea economy grows three times faster than expected in Q3

Oct 27 2026

South Korea's economy grew more than three times faster than expected in the third quarter, driven by booming …

Lula win rattles Brazil markets over spending spree fears

Oct 26 2026

The reelection of Brazilian leftist Luiz Inacio Lula da Silva rattled markets on Monday as investors, who had expected a …

Brazil markets battered after Lula win, AI in focus elsewhere

Oct 26 2026

Brazilian markets took a battering Monday following the shock reelection of leftist President Luiz Inacio Lula da Silva, …

Anthropic points to AI dangers, soaring sales in IPO filing

Oct 26 2026

Anthropic, one of the world's leading artificial intelligence companies, on Monday made public its plans to sell shares …

Microsoft offers voluntary exit packages to 60,000 staff

Oct 26 2026

Microsoft is offering voluntary buyouts to about 60,000 employees, the company said on Monday, roughly a quarter of its …

Brazil markets battered, tech in focus elsewhere

Oct 26 2026

Brazilian markets took a battering Monday following the shock re-election of leftist President Luiz Inacio Lula da …

German union slams Audi boss's appearance at Trump rally

Oct 26 2026

The head of a major German trade union on Monday blasted the boss of carmaker Audi for his appearance at an election …

Part of London's Oxford Street pedestrianised 'forever'

Oct 26 2026

A stretch of London's iconic Oxford Street was made traffic-free "forever" from Monday, as pedestrians took over the …

Anthropic unveils IPO filing, showing soaring sales and AI risks

Oct 26 2026

Anthropic, one of the world’s leading artificial intelligence companies, on Monday made public its plans to sell shares …

New levy on non-EU parcels kicks in Sunday

Oct 26 2026

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

Stocks climb ahead of tech earnings, central bank calls

Oct 26 2026

The world's main stock markets mostly climbed Monday as investors geared up for the week's crucial run of central bank …

Stocks mostly rise before tech earnings, central bank calls

Oct 26 2026

The world's main stock markets mostly climbed Monday as investors geared up for the week's crucial run of central bank …

UK set for 'limited' budget giveaways as borrowing costs surge

Oct 26 2026

British Prime Minister Andy Burnham's new government unveils its first budget Wednesday, testing a commitment to ease …

Stock markets mixed ahead of tech earnings, central bank decisions

Oct 26 2026

Equity markets were mixed on Monday as investors geared up for a crucial run of central bank decisions and tech …

Stocks sink as traders brace for tech earnings, central bank decisions

Oct 26 2026

Asian stocks were mixed on Monday as investors geared up for a crucial run of central bank decisions and tech earnings, …

Canada-EU summit seeks deepened alliance as US ties fray

Oct 26 2026

Canadian and European Union leaders meet in Montreal this week for a summit aimed at deepening their alliance as both …

New levy on non-EU parcels kicks in November 1

Oct 26 2026

The European Union will from November 1 slap a two-euro ($2.25) handling fee on packages from outside the 27-nation bloc …

Trump says Canada trade deal coming 'soon'

Oct 26 2026

A trade agreement between the United States and Canada would be reached "pretty soon," President Donald Trump told a …

France's debt woes in focus as ECB meets

Oct 26 2026

France's deteriorating public finances will take centre stage when the European Central Bank meets this week, but …

First international flight takes off from new Sydney airport

Oct 26 2026

The first international flight took off Monday from a new, multi-billion-dollar airport in the fast-growing western …

Maine logging, cross-border ties whipsawed by US-Canada tariff war

Oct 26 2026

In the heat of US midterm elections, President Donald Trump's tariffs on Canada -- and Ottawa's retaliation -- have …

From Carnegie to Claude: AI wealth could reshape philanthropy

Oct 26 2026

A wave of American wealth created by artificial intelligence companies could produce some of the largest charitable sums …

Sri Lanka seeks faster green energy shift after oil shocks

Oct 25 2026

Sri Lanka is determined to accelerate its transition to renewable energy spurred by soaring oil prices, but faces major …

Sri Lankan turbine project fuels anger as fish hauls plunge

Oct 25 2026

Beneath rotating wind turbines on Sri Lanka's Mannar peninsula, a fishing net is hauled up the beach by tractor winches …

'Tech debt coming due': AI-found flaw signals chaos ahead

Oct 25 2026

Companies and government agencies rushed this week to patch two critical flaws in PHP, the programming language that …

Fed expected to hold rates steady days ahead of US midterms

Oct 25 2026

The US Federal Reserve appears set to hold interest rates steady at its meeting next week, analysts say, despite …

Trapped: Soaring fuel costs hurt Maine lobster industry before midterms

Oct 24 2026

Lobsterman Steve Train starts every workday before dawn about $1,000 in the hole, a hike in expenses driven by soaring …

Oil tops $116 with stocks mixed on earnings, AI

Oct 23 2026

Oil prices rose to their highest levels since late April on Friday, with benchmark crude contract Brent North Sea …

Oil hits $116 with stocks mixed on earnings, AI

Oct 23 2026

Oil prices traded at five-month highs on Friday, with benchmark crude contract Brent North Sea rising above $116 a …

China's first AI film hits cinemas, but ticket sales lag

Oct 23 2026

China's first fully AI-generated feature film opens in cinemas on Friday in what promises to be a tough box-office test …

Oil hits $115 with stocks mixed on earnings, AI

Oct 23 2026

Oil prices traded at five-month highs on Friday, with benchmark crude contract Brent North Sea rising above $115 a …

Tanker with Russian diesel heads to New York under Trump deal

Oct 23 2026

A tanker filled with Russian diesel is headed for New York, maritime trackers and the Kremlin confirmed Friday, after …

Oil nears $115 with stocks mixed on earnings, AI

Oct 23 2026

Oil prices traded at five-month highs Friday, with benchmark crude contract Brent North Sea near $115 a barrel, as the …

Volvo Cars shares plunge on losses, job cuts

Oct 23 2026

Shares in Swedish carmaker Volvo Cars plunged Friday after it said US tariffs and strong competition from local brands …

'Call of Duty' seeks to win back fans with warfare spectacle

Oct 23 2026

The latest instalment in the "Call of Duty" video game franchise, arriving Friday, brings back the high-adrenaline …

Asian stocks mixed ahead of weekend as tech recovers early losses

Oct 23 2026

Asian equities were mixed Friday as tech firms managed to claw back some early losses on bargain-buying at the end of …

Kering shares tumble as Gucci fails to reassure investors

Oct 23 2026

Kering shares were down more than 10 percent in Paris Friday after the French luxury group published results that failed …

India stirs up its gastronomy with French cooking schools

Oct 23 2026

Fiercely proud of its culinary traditions, India is increasingly open to foreign influences, with French cooking schools …

Asian stocks head into weekend on a low as tech extends losses

Oct 23 2026

Asian stocks sank again Friday as tech firms took another beating from investors increasingly losing faith in the …

How are Ukraine strikes, Mideast war driving US fuel prices?

Oct 23 2026

Ahead of next month's midterm US elections, Donald Trump has increasingly blamed Ukrainian strikes on Russian refineries …

Napa Valley's wineries feel Trump's tariff squeeze

Oct 23 2026

Napa Valley rocketed to international fame when its vintages shocked French rivals in a high-profile blind tasting …

From tech giants to anonymous nonprofits, the biggest donors in US midterms

Oct 23 2026

The 15 largest contributors in the upcoming US midterm elections have donated over $1.5 billion, an AFP analysis of …

Judge orders Trump to give deposition in BBC lawsuit by Dec 11

Oct 23 2026

A US judge on Thursday issued President Donald Trump a December 11 deadline to testify under oath in his $10 billion …

Musk wants to merge SpaceX and Tesla: Here's what to know

Oct 22 2026

Elon Musk said this week that SpaceX and Tesla have formed special committees to study a merger of his two biggest …

Musk's wants to merge SpaceX and Tesla: Here's what to know

Oct 22 2026

Elon Musk said this week that SpaceX and Tesla have formed special committees to study a merger of his two biggest …

Global markets retreat as tech mood sours, oil prices jump

Oct 22 2026

Global equity markets mostly sank Thursday as tech firms resumed their downward spiral following a mixed bag of earnings …

Pentagon, Lockheed announce agreement for 850 F-35 jets over 10 years

Oct 22 2026

The Pentagon and Lockheed Martin on Thursday announced a 10-year agreement for the production of 850 F-35 warplanes, …

Canada opens free trade talks with Turkey

Oct 22 2026

Canada, locked in a trade war with the United States, opened talks with Turkey Thursday on a free trade agreement during …

Rekindled Gucci desirability fails to light flame under Kering sales

Oct 22 2026

Efforts to rekindle the desirability of troubled Italian fashion house Gucci failed to boost sales in the third quarter, …

L'Oreal sees double-digit sales growth

Oct 22 2026

L'Oreal said Thursday its third quarter sales rose by double digits as the French cosmetics giant appeared to have …

Finland grants licence for world's first nuclear waste repository

Oct 22 2026

Finland's government has granted an operating licence for the world's first permanent repository for radioactive spent …

Stocks retreat as tech mood sours, oil prices jump

Oct 22 2026

Equities sank Thursday as tech firms resumed their downward spiral following a mixed bag of earnings from Wall Street …

Pentagon, Lockheed announce deal for 850 F-35 jets over 10 years

Oct 22 2026

The Pentagon and Lockheed Martin announced Thursday a 10-year agreement for the production of 850 F-35 warplanes, …

Nvidia boss criticises 'cheap' AI doomsday warnings

Oct 22 2026

AI chip giant Nvidia's boss Jensen Huang said on Thursday that warnings artificial intelligence could wipe out humanity …

Grabbing a bargain: Japan's claw machines cash in on inflation

Oct 22 2026

With one eye on her baby in a pushchair, Minae Kamata operates an arcade machine in a Tokyo suburb, manipulating a claw …

Barclays bank to cut about 5,000 jobs amid AI drive 

Oct 22 2026

British bank Barclays announced Thursday plans to cut around 5,000 jobs, or roughly five percent of its global …

Asian stocks retreat as tech mood sours again

Oct 22 2026

Equities sank in Asia Thursday as tech firms resumed their downward spiral following a mixed bag of earnings from Wall …

Thales sales jump on European rearmament, satellite systems

Oct 22 2026

French aerospace and defence group Thales said third-quarter sales and orders rose strongly as it benefited from higher …

Focus turns to firms as Indonesia fire haze worsens

Oct 22 2026

After months of fires in Indonesia that have caused thick regional haze, attention is turning to whether companies can …