Business and Economy



US pushes allies, China to back Trump's economic war on Iran

AFP - 29m ago

The United States on Thursday warned allies and China to join President Donald Trump's new campaign to isolate the …

Walmart reports mixed results as gas prices drag on US sales growth

AFP - 1h ago

Walmart reported mixed results Thursday, topping analyst estimates but experiencing slower US sales growth as consumers …

US, Canada 'very close' to trade deal, Ottawa says, as details emerge

AFP - 1h ago

The United States and Canada are "very close" to a final trade deal, the top Canadian negotiator said Thursday after …

US bond selloff resumes despite Treasury intervention

AFP - 1h ago

Yields on longterm US Treasury bonds rose Thursday despite a fresh pledge from US Treasury Secretary Scott Bessent to …

US stocks fall as bond yields rebound despite Treasury moves, oil rises

AFP - 50m ago

Wall Street stocks fell Thursday as government bond yields rebounded despite a fresh pledge from US Treasury Secretary …

US, Canada resume talks to finalize trade deal as details emerge

AFP - 3h ago

US and Canadian negotiators resumed trade talks shortly after midday Thursday, as both countries push to finalize a deal …

US warns allies, China to back economic war on Iran

AFP - 3h ago

The United States on Thursday warned allies and China alike to join President Donald Trump's new campaign to isolate the …

Stocks retreat as bond yield fears persist, oil rises

AFP - 3h ago

Stock markets fell Thursday on doubts about a US move to rein in soaring government bond yields, after a surge in …

As Europe's rivers recede, shippers scramble to limit damage

AFP - 7h ago

Exceptionally low river levels in a Europe hit hard by drought and record heat have plunged transporters into turmoil …

Evergrande's Xu Jiayin: from real-estate tycoon to life in prison

AFP - 9h ago

Once China's richest man, disgraced property tycoon Xu Jiayin looked worn as a court in China handed the now …

Oil jumps on Iran war tensions, offsetting bond yield fears

AFP - 3h ago

European stocks fell Thursday after oil prices rose further on a threat by Washington of "economic warfare" against …

Asian stocks rally as US Treasury steps in to ease bond fears

AFP - 2h ago

Asian markets rallied Thursday after the US Treasury said it would "at least double" the amount of long-term bonds to …

US national debt exceeds $40 trillion for first time

AFP - 15h ago

The US gross national debt has surged past $40 trillion for the first time, government data showed Wednesday, …

China jails founder, fines disgraced property giant Evergrande

AFP - 15h ago

China sentenced the founder of embattled property giant Evergrande to life in prison and fined the group more than $2 …

What property giant Evergrande's sentence means for China's economy

AFP - 15h ago

For property giant Evergrande, the face of China's real estate woes, an excruciating saga that has dragged on for years …

North Sea drilling tests UK govt climate pledge

AFP - 19h ago

British Prime Minister Andy Burnham must decide in the coming weeks whether to authorise two North Sea drilling …

Kyiv's desperate vendors persevere outside obliterated flea market

AFP - 19h ago

On the scorching asphalt besides what was once a bustling Kyiv flea market, vendors were trying to sell the remains of …

Trump vows 'tremendous' economic costs on Iran partners

AFP - 16h ago

US President Donald Trump said Wednesday he was launching a major new campaign to target Iran's economy, threatening …

Stocks waver, dollar drops as US Treasury moves to lower bond yields

Aug 19 2026

Stock markets mostly rose on Wednesday and the dollar fell sharply after the US Treasury signaled action to push down …

Many US Fed policymakers back interest rate hikes if inflation stays high

Aug 19 2026

Many US Federal Reserve policymakers believe that interest rate hikes will be necessary if inflation does not decline, …

'Breakthrough' mRNA cancer drug curbs melanoma in large trial

Aug 19 2026

US drugmakers Merck and Moderna said Wednesday a personalized cancer treatment had shown success in reducing the …

Some of Meta's safety tools were 'designed to fail': witness

Aug 19 2026

A former employee testified on Wednesday that some of Meta's safety tools for Facebook and Instagram were "designed to …

Merck and Moderna's tailored cancer drug curbs melanoma recurrence in trial

Aug 19 2026

US drugmakers Merck and Moderna said Wednesday an experimental melanoma drug that delivers treatment tailored to a …

France recalls rare disease drug Tavneos after deaths

Aug 19 2026

A drug called Tavneos used to treat rare autoimmune diseases will be pulled from the shelves in France, the country's …

UK media skewered for 'hounding' black academic

Aug 19 2026

The British press is once again in the spotlight for its methods, this time over accusations that its full-throttle …

Oil rises, stocks waver amid tech sell-off

Aug 19 2026

Stock markets mostly eked out gains while oil prices climbed further Wednesday as higher global bond yields, fuelled by …

Iran warns Gulf countries against helping US after UAE cuts trade ties

Aug 19 2026

Iran's armed forces warned Gulf countries against assisting the US military on Wednesday, hours after the United Arab …

UK PM launches bid to get rough sleepers off streets by Christmas

Aug 19 2026

New UK Prime Minister Andy Burnham unveiled plans Wednesday to offer those sleeping rough a way off the streets by …

Europe can't afford to miss AI revolution: ECB chief

Aug 19 2026

European Central Bank chief Christine Lagarde said Wednesday that the continent could not afford to miss out on the …

Humanoid-maker Unitree surges more than 600% on Shanghai debut

Aug 19 2026

Chinese humanoid pioneer Unitree, whose backflipping robots wowed the world this year, made a much-anticipated market …

Tech leads losses as Asian stocks track Wall St selloff

Aug 19 2026

Technology stocks were back in the crosshairs of investors Wednesday, taking another heavy blow from a spike in bond …

UK PM unveils plan to help rough sleepers off streets by Christmas

Aug 19 2026

New UK Prime Minister Andy Burnham unveiled plans Wednesday to offer those sleeping rough a route off the streets by …

Trump pauses 50% tariffs on Canadian goods for three days

Aug 19 2026

US President Donald Trump paused the planned rollout of punishing new tariffs on Canadian goods late Tuesday, as both …

Trump pauses planned 50% tariffs on Canadian goods for three days

Aug 19 2026

US President Donald Trump paused the planned rollout of new tariffs on some Canadian goods late Tuesday, after …

New Zealand blocks lawsuits against firms over climate harm

Aug 19 2026

New Zealand has passed hotly contested legislation to block lawsuits that seek to hold companies liable for climate …

Meta hooked children and misled public: prosecutors

Aug 19 2026

Meta knowingly hooked and exploited children, a US federal court heard Tuesday in a trial against the social media giant …

Bezos consortium bought nearly 40 percent of Liverpool: report

Aug 19 2026

A consortium including Amazon founder Jeff Bezos bought close to 40 percent of Premier League giants Liverpool, the …

Trump, Carney talk as Canada seeks to hold off new US tariffs

Aug 18 2026

Canada's Prime Minister Mark Carney held urgent talks with US President Donald Trump on Tuesday, hours before fresh US …

Stocks mostly drop as Mideast hopes dim, interest rates rise

Aug 18 2026

Stock markets mostly fell on Tuesday after a US-Iran truce expired with no progress towards reopening the Strait of …

Trump, Carney hold talks as new US tariffs on Canada loom

Aug 18 2026

Canada's Prime Minister Mark Carney has held urgent talks with US President Donald Trump, Ottawa confirmed Tuesday, in …

Disney, ABC sue US regulator over threat to broadcast licenses

Aug 18 2026

Walt Disney-owned ABC sued the Federal Communications Commission (FCC) on Tuesday, accusing the US regulatory body of …

French producer Nicolas Altmayer, Dior PR chief Favier die in car crash

Aug 18 2026

Award-winning French film producer Nicolas Altmayer and Dior PR head Mathilde Favier were killed in a car accident in …

Canada seeks to avert new US tariffs as deadline looms

Aug 18 2026

Fresh US tariffs are due to take effect on a range of Canadian goods after midnight Tuesday, as Ottawa seeks a deal to …

Meta in court over child social media addiction

Aug 18 2026

Opening arguments begin Tuesday in the federal trial of Meta, the social media titan accused of deliberately making …

German farmers warn of drought toll on grain harvest

Aug 18 2026

Germany's grain harvest is expected to fall by seven percent this year after months of severe drought and heatwaves, the …

Crude extends gains, most stocks drop as Mideast hopes dim

Aug 18 2026

Oil prices extended gains and Asian stocks mostly fell on Tuesday as a US-Iran deal to reopen the Strait of Hormuz …

Major Meta trial begins as lawyers spar over witnesses, damages

Aug 18 2026

Facebook-parent Meta will defend itself in a landmark social media trial that begins Tuesday in California, where …

Copper powers profit rise at mining giant BHP

Aug 18 2026

Australian mining titan BHP reported Tuesday a solid rise in annual profit boosted by surging prices for copper -- a key …

Lights out, crowds gone: Havana waits for what comes next

Aug 18 2026

Once a byword for joyful excess, Havana has been hollowed by blackouts, departures and deep uncertainty about its …

How families in Milei's Argentina sank deep into debt

Aug 18 2026

Andrea feels deep shame when she thinks about the loan she took out a year ago in Buenos Aires that she is now unable to …

Boehly and Walter consider selling Chelsea stake to Clearlake Capital

Aug 18 2026

Chelsea chairman Todd Boehly and director Mark Walter are considering selling their stakes in the Premier League side to …

Discord suspends livestreams in Brazil after teen's suicide

Aug 18 2026

Popular messaging platform Discord said Monday it had complied with a Brazilian government order to suspend …

Paramount demands $1.9 billion surety over states' merger lawsuit

Aug 17 2026

Paramount Skydance is demanding California and other US states suing to block its merger with Warner Bros. put up $1.9 …

OpenAI to lease massive new AI data center in US, backed by Nvidia

Aug 17 2026

ChatGPT-maker OpenAI will lease a massive new data center in the United States for 20 years, backed by a $105 billion …

US stocks fall on spiking bond yields, higher oil prices

Aug 17 2026

Wall Street stocks retreated Monday as oil prices advanced on the lack of progress on opening the Strait of Hormuz and a …

Stocks lower as Hormuz concerns and high oil prices persist

Aug 17 2026

Global stocks mostly slipped Monday as lack of progress on opening the Straits of Hormuz outweighed expectations that …

Virgin moves closer to launching Eurostar rival in 2030

Aug 17 2026

British group Virgin has been granted track access from 2030 to the high-speed rail line linking London to the Channel …

Pentagon inks Tomahawk deal amid reports of missile shortfall

Aug 17 2026

The Pentagon announced a $22.9 billion contract with Raytheon on Monday for Tomahawk missiles amid reports of a …

Stocks steady as investors weigh US rate path

Aug 17 2026

Global stocks were steady on Monday as investors assessed data that tempered expectations for higher US interest rates …

Most stocks rise as US data ease rate fears but fuel economic worries

Aug 17 2026

Asian stocks mostly rose on Monday following a retreat on Wall Street as investors assessed fresh data that tempered …

Spidey swings high for third weekend in N. American box office

Aug 16 2026

"Spider-Man: Brand New Day" continued dominating the North American box office, drawing an additional $70 million in …

Chinese ship sets off for Europe through Arctic, halving travel time

Aug 16 2026

A Chinese container vessel has set sail for Europe through the Arctic, part of new weekly service on a route that cuts …

As Opel turns to Chinese partners, its hometown frets about the future

Aug 16 2026

As Germany's Opel slashes its engineering ranks and partners with China's Leapmotor, anxiety is running high in …

Heat is on as German winegrowers struggle to protect vines

Aug 16 2026

As Europe bakes in yet another heatwave, German winegrower Florian Weingart has scattered straw on the ground to keep …

easyJet strike sees 100 French flights cancelled

Aug 15 2026

British budget carrier easyJet has called off about 100 flights out of French airports on Saturday and Sunday because of …

US says lower oil prices, not Iran's nuclear program, are now top priority in war

Aug 14 2026

The top US priority now in the Iran war is no longer its nuclear program but to bring gasoline prices down for American …

Stocks slip in cautious trading after weak US retail sales data

Aug 14 2026

Stock markets retreated in sparse summer trading Friday, with the uncertain outlook for the Middle East war and the US …

'I shot Mr Thompson': Stunning confession in US health exec's slaying

Aug 14 2026

Luigi Mangione spoke slowly and deliberately as he admitted to shooting US health care executive Brian Thompson, in a …

Premier League club Liverpool sell minority stake to Jeff Bezos consortium

Aug 14 2026

Liverpool's owners have agreed to sell a minority stake in the Premier League club to a consortium including Amazon …

Stocks slip in cautious trading, oil turns higher

Aug 14 2026

Stock markets retreated in sparse summer trading Friday, with the uncertain outlook for the Middle East war and the US …

US retail sales weakest in over a year, consumer sentiment plunges

Aug 14 2026

US retail sales gave their weakest showing in more than a year and consumer sentiment plunged, data showed Friday, as …

Stocks tread water with eyes on oil price

Aug 14 2026

Stock markets traded little changed in scant summer trading Friday, with both oil prices and the dollar slipping as …

Hotter Europe isn't cooling investor fervor for stocks

Aug 14 2026

The heatwaves pummelling Europe this summer will have costly impacts on industries ranging from agriculture to tourism …

US retail sales weakest in over a year in July

Aug 14 2026

US retail sales declined unexpectedly in July, government estimates showed Friday, marking their weakest showing in more …

Indonesian leader vows to shut over 750 'unproductive' state-owned firms

Aug 14 2026

Indonesia's president on Friday floated creating a special court to investigate "unproductive" boards reporting "made …

Stocks mixed as oil climbs, dollar drops

Aug 14 2026

Major stock markets traded mixed in sparse summer trading Friday, with oil prices edging higher and the dollar slipping …

Spain extends largest nuclear plant in policy U-turn

Aug 14 2026

Spain's leftist government has reversed course and extended the operating life of the country's largest nuclear plant to …

Indonesia to close more than 750 state-owned enterprises

Aug 14 2026

Indonesia's president mulled the possibility of a special court on Friday to investigate "unproductive" boards reporting …

EU to study potential vaccine for Lyme disease: companies

Aug 14 2026

EU officials have agreed to study an experimental vaccine against Lyme disease, the world's most common tick-borne …

Most Asian stocks track Wall St record as US data ease rate fears

Aug 14 2026

Most Asian stocks rose Friday, tracking a record day on Wall Street, as another soft US inflation reading solidified …

China's viral 'spicy strips' take a bite of global snack market

Aug 14 2026

At a gleaming new factory in China's central hinterland, masked workers in white uniform season and sift through mounds …

Australia probes three near-misses at Sydney Airport

Aug 14 2026

Australia's transport authorities said Friday they were investigating what went wrong after three near-misses in less …

New trend of injecting banned peptides to 'optimise' body

Aug 14 2026

Thomas's phone alarm buzzes at 9:30 pm -- it's time for the aspiring bodybuilder to start injecting himself in the …

Trump announces tariffs of up to 100% on imported drones

Aug 14 2026

President Donald Trump announced on Thursday tariffs of up to 100 percent on imports of unmanned drones and their …

US stocks gain after benign inflation data, oil prices retreat

Aug 13 2026

Wall Street stocks advanced Thursday with the S&P 500 finishing at a fresh record as investors welcomed further signs of …

Romania shuts nuclear plant as Danube drops

Aug 13 2026

Romania shut down its only nuclear plant on Thursday, in a rare move due to drought that has caused the Danube river, …

Stocks steady as US inflation worries ease, oil slips

Aug 13 2026

Stock markets were mixed in thin summer trading Thursday, handing back earlier gains after investors welcomed further …

Porsche to end production of flagship electric car: report

Aug 13 2026

Struggling German sports car maker Porsche plans to end production of the Taycan, its flagship fully electric model, by …

Stocks gain as US inflation worries ease, oil slips

Aug 13 2026

Stock markets mostly advanced Thursday as investors welcomed further signs of easing US inflation, making the prospect …

European stocks gain as oil prices ease

Aug 13 2026

European stocks mostly rose Thursday as investors welcomed news of easing US inflation, while oil prices fell back from …

German steel giant Thyssenkrupp weighs options as Rhine drops

Aug 13 2026

German steel giant Thyssenkrupp said Thursday that it was monitoring water levels in the Rhine and ready to respond if …

Romania shuts down nuclear plant as Danube drops

Aug 13 2026

Romania halted operations of its only nuclear plant on Thursday, a rare shutdown due to a drought scorching Europe that …

Tech stocks enjoy rebound after US inflation on mixed day for markets

Aug 13 2026

Tech firms led on a mixed day for stocks Thursday as investors push back into the sector after a summer rout, with …

Taiwan says AI agents used in cyberattacks targeting island

Aug 13 2026

Overseas hackers used artificial intelligence agents to help carry out a wave of cyberattacks targeting Taiwanese …

Germany's dry rivers spark battle on engineering vs restoration

Aug 13 2026

As a heat wave dries Germany's rivers, government ministers are at odds over what to do about it -- re-engineer the …

Seoul tech leads Asian stock gains as traders cheer US inflation

Aug 13 2026

Seoul led gainers in Asian stocks Thursday as investors continued to push back into tech firms after a summer rout, with …

Outflanked by AI, stars fade for South Korea's blind fortune-tellers

Aug 13 2026

Clients have drifted away from Song Oh-soon's fortune-telling village on the edge of Seoul, preferring online AI-powered …

Meta meets its own 'tobacco' moment as jury selection kicks off trial

Aug 12 2026

Jury selection kicked off on Wednesday in a California courtroom where Instagram and Facebook owner Meta will defend …

Trump 'low-key' bets on economic pressure against Iran

Aug 12 2026

Keeping a low profile doesn't come naturally to Donald Trump.

US stocks mostly up after data shows slightly lower inflation in July

Aug 12 2026

Wall Street stocks mostly gained following slightly better US consumer pricing data but an uptick in Treasury bond …

Russian economy rebounds in second quarter despite Ukrainian strikes

Aug 12 2026

The Russian economy rebounded in the second quarter thanks to consumer demand, official data showed Wednesday, despite …

Trump sued over sale of access to Truth Social posts

Aug 12 2026

Two US media groups on Wednesday sued President Donald Trump over his move to charge for early access to his often …