Business and Economy



Tim Cook's time as Apple chief marked by profit absent awe

AFP - 21m ago

An Alabama-born engineer seen as a supply-chain savant, Tim Cook took on the daunting challenge of succeeding Apple's …

Trump's Fed chair pick to face lawmakers at key confirmation hearing

AFP - 1h ago

Kevin Warsh, US President Donald Trump's choice to lead the Federal Reserve, will vow to protect central bank …

Amazon invests another $5 bn in Anthropic

AFP - 2h ago

Amazon on Monday said it pumped another $5 billion into Anthropic as it ramps up its collaboration with the startup …

Apple's Tim Cook to step down as CEO in September

Apr 20 2026

Apple on Monday announced that Tim Cook will step down as the tech giant's chief executive officer in September, handing …

Oil jumps on Hormuz tensions, stocks mostly retreat

Apr 20 2026

US and European stocks reversed Monday as oil prices surged over fears hostilities could resume in the weeks-long Middle …

Colombian environmental activist honored amid threats and exile

Apr 20 2026

Afro-Colombian woman Yuvelis Morales, a 25-year-old who has spent most of her adult life working to block the world's …

Trump Fed chair pick to vow interest rate independence at key hearing

Apr 20 2026

Kevin Warsh, US President Donald Trump's choice to lead the Federal Reserve, will stress his dedication to central bank …

Blue Origin probing rocket's failure to deliver satellite

Apr 20 2026

The Federal Aviation Administration said Monday it is requiring Blue Origin to conduct a "mishap investigation" after …

UniCredit woos Commerzbank shareholders in takeover battle

Apr 20 2026

Italian bank UniCredit wooed shareholders in Germany's Commerzbank with promises of higher returns on Monday in moves …

Tit-for-tat blockades once again cripple traffic in Hormuz

Apr 20 2026

Traffic once again seized up in the Strait of Hormuz as both Tehran and Washington imposed separate blockades, with …

Branded pop-up events take center stage at Coachella

Apr 20 2026

With a multitude of promotional events almost as long and diverse as its artist lineup, Coachella, one of the biggest …

Oil jumps on Hormuz tensions, stocks retreat

Apr 20 2026

US and European stocks reversed Monday as oil prices surged over fears hostilities could resume in the weeks-long Middle …

Elon Musk snubs Paris prosecutors' summons over X and Grok

Apr 20 2026

Elon Musk did not appear Monday for a voluntary interview with Paris prosecutors, who had summoned the American tech …

European stocks slide as oil jumps on Hormuz tensions

Apr 20 2026

European stocks fell Monday as oil prices surged over fears hostilities could resume in the weeks-long Middle East war, …

Elon Musk summoned over French X deepfake probe but presence unclear

Apr 20 2026

Billionaire Elon Musk has been summoned for a voluntary interview in Paris on Monday as part of a French probe into his …

Anthropic says will put AI risks 'on the table' with Mythos model

Apr 20 2026

American AI developer Anthropic plans to "lay the risks out on the table" even as it restricts deployment of a new model …

Iran says no plan for US peace talks

Apr 20 2026

Iran insisted it has no plan to attend a new round of negotiations with the United States on Monday, as uncertainty …

Oil prices jump on Iran war escalation but stocks up on peace hope

Apr 20 2026

Oil prices surged Monday on a re-escalation of hostilities in the Middle East war after Iran closed the Strait of Hormuz …

War in the Middle East: latest developments

Apr 20 2026

The latest developments in the Middle East war:

France summons Elon Musk over X probe

Apr 20 2026

Billionaire Elon Musk has been summoned for a voluntary interview in Paris on Monday as part of a French probe into his …

Oil prices bounce back on Iran war escalation

Apr 20 2026

Oil prices surged Monday on a re-escalation of hostilities in the Middle East war after Iran closed the Strait of Hormuz …

Money, lobbyists, inertia: why fossil fuels are so hard to quit

Apr 20 2026

When the international community agreed to transition away from fossil fuels at the 2023 COP28 global climate summit, …

Rat poison found in baby food jar in Austria as products recalled

Apr 19 2026

Austrian police have found rat poison in a baby food jar in a probe that has seen the company HiPP recall the line over …

French billionaire shrugs off mass exodus at hallowed French publisher

Apr 19 2026

Conservative billionaire Vincent Bollore unapologetically vowed Sunday to find new authors for one of France's most …

Iran says final deal still far off as Hormuz Strait shuttered

Apr 19 2026

The strategic Strait of Hormuz was again closed on Sunday in the stand-off between Iran and the United States, with …

AI 'agent' fever comes with lurking security threats

Apr 19 2026

Artificial intelligence "agents" promise to save users time and energy by automating tasks, but the growing power of …

How France fell for reimagined 19th-century workers' canteens

Apr 19 2026

So-called bouillon restaurants are mushrooming all over France, reviving a traditional low-cost Gallic meal concept that …

Strait of Hormuz to stay closed until port blockade lifts, Iran says

Apr 19 2026

The crucial Strait of Hormuz will not reopen until the United States lifts its naval blockade on Iranian ports, Tehran …

Iran closes Hormuz Strait again, as Trump warns against 'blackmail'

Apr 18 2026

Iran's military declared the Strait of Hormuz closed again on Saturday, prompting ships to abandon attempts to transit …

US extends sanctions waiver on purchases of Russian oil

Apr 18 2026

US President Donald Trump's administration on Friday issued a month-long sanctions waiver allowing the sale of Russian …

Paramount's CinemaCon charm offensive gets lukewarm reception

Apr 18 2026

Paramount Skydance was on a charm offensive at CinemaCon this week, trying to convince theater owners that its megabucks …

China sex toy makers cautiously embrace AI wave

Apr 18 2026

Erotic chatbots, video-synced and voice-activated devices mesmerised visitors at a sex toy expo in Shanghai this …

Trade ships hit in Hormuz as Iran recloses strait

Apr 18 2026

Commercial ships came under fire and threats from Iran's military as they tried to cross the Strait of Hormuz on …

Trade ships hit in Hormuz as Iran reopening falters

Apr 18 2026

A handful of oil and gas tankers crossed the Hormuz Strait Saturday during a brief reopening, tracking data showed, but …

No date set for next round of Iran-US talks: Iran deputy FM

Apr 18 2026

No date has been set for the next round of Iran–US peace talks brokered by Pakistan following the failure of an initial …

Iran closes Hormuz Strait again over US blockade, ships reverse course

Apr 18 2026

Iran's military declared the Strait of Hormuz closed again on Saturday, its military command said, hours after reopening …

Iran closes Hormuz Strait again over US blockade with ships mid-transit

Apr 18 2026

Iran's military declared the Strait of Hormuz closed again on Saturday, its military command said, hours after reopening …

Oil plunges, stocks jump as Iran declares Hormuz open

Apr 17 2026

Oil prices tumbled Friday after Iranian officials said they would allow commercial traffic to resume in the Strait of …

US Supreme Court sides with Chevron in environmental case

Apr 17 2026

The US Supreme Court unanimously ruled in favor of oil giant Chevron on Friday in a case that could impact environmental …

Trump tells AFP Iran deal close, 'no sticking points' left

Apr 17 2026

US President Donald Trump signaled Friday that an Iran peace deal was all but done, telling AFP there were "no sticking …

Shippers eye Iran Hormuz reopening with wariness

Apr 17 2026

Shipping industry figures gave a cautious welcome Friday to Iran's announcement that it was reopening the crucial Strait …

France, UK to lead 'defensive' force for Hormuz

Apr 17 2026

France and Britain said Friday they will lead a multinational mission to ensure freedom of navigation in the Strait of …

Trump signals Iran deal near, hails 'brilliant day for world'

Apr 17 2026

US President Donald Trump signaled Friday that an Iran peace deal was all but done, trumpeting agreements on the Strait …

France, UK to lead multinational Hormuz mission

Apr 17 2026

France and Britain said Friday they will lead a multinational mission ensure freedom of navigation in the Strait of …

Stranded seafarers endure costly path home from Gulf

Apr 17 2026

When seaman Rex Pereira saw missiles flying above his vessel in the Gulf, it sparked in him one desperate wish: to get …

Trump say Iran blockade continues despite Hormuz reopening

Apr 17 2026

President Donald Trump on Friday welcomed Iran's announcement that the crucial Strait of Hormuz will reopen to shipping, …

Oil plunges, stocks jumps as Iran declares Hormuz open

Apr 17 2026

Oil prices plunged more than 10 percent on Friday after Iran said the Strait of Hormuz would be "completely open" for …

First loaded Iranian oil tankers exit Gulf since US blockade: Kpler

Apr 17 2026

Three Iranian oil tankers carrying a total of five million barrels of crude have become the first such loaded vessels to …

Oil drops, stocks mixed amid US-Iran peace hopes

Apr 17 2026

Stock markets diverged and oil prices fell Friday as investors awaited news of a possible extension to the Iran-US …

Video game voice star Troy Baker says 'only humans' can make art

Apr 17 2026

Millions of gamers around the world may not know Troy Baker's face but would recognise his voice -- perhaps as the …

Stocks reverse as investors await news on US-Iran peace talks

Apr 17 2026

Stock markets fell Friday as investors awaited news of an extension to the Iran-US ceasefire, while crude prices edged …

Venezuela, IMF, World Bank restore relations, paving way for investment

Apr 17 2026

The IMF and World Bank said Thursday they are restoring relations with Venezuela, further legitimizing the interim …

Venzuela, IMF, World Bank restore relations, paving way for investment

Apr 17 2026

The IMF and World Bank said Thursday they are restoring relations with Venezuela, further legitimizing the interim …

Netflix shares dive as co-founder Reed Hastings steps away

Apr 17 2026

Netflix shares plummeted more than nine percent Thursday as the TV streaming titan's quarterly earnings failed to …

IMF, World Bank say restoring relations with Venezuela, recognizing interim government

Apr 17 2026

The IMF and World Bank said Thursday they are restoring relations with Venezuela, further legitimizing the interim …

IMF warns of war's human impact far from Middle East

Apr 16 2026

IMF economists warned Thursday that the war in Iran could have “very, certainly severe” consequences far outside the …

France finance minister says Hormuz must open, G7 ready to mitigate war fallout

Apr 16 2026

French Finance Minister Roland Lescure told reporters Thursday that the Strait of Hormuz needs to reopen "but not at any …

Netflix shares dive as revenue barely beats expectations

Apr 16 2026

Netflix shares plummeted more than 8 percent on Thursday as the TV streaming titan reported quarterly revenue of $12.25 …

Stocks rise as optimism over Mideast war takes hold

Apr 16 2026

Wall Street stocks climbed higher Thursday, adding to records as investors greeted optimistic comments from US President …

Spain VP says IMF could recognize Venezuela soon, hastening reengagement

Apr 16 2026

Spain's Vice President Carlos Cuerpo said Thursday that the resumption of relations between the International Monetary …

Australian tycoon battles Meta over fake ads

Apr 16 2026

Australian mining magnate Andrew Forrest is asking a US federal court in Silicon Valley to hold Meta accountable for …

EU aims to start disbursing new Ukraine loan in second quarter

Apr 16 2026

The European Union expects to start releasing a new 90-billion-euro loan to Ukraine in the second quarter, the bloc's …

Saudi wealth fund sells football club Al-Hilal

Apr 16 2026

Saudi Arabia's sovereign wealth fund announced Thursday the sale of its majority stake in Saudi Pro League football club …

Luxury group Kering seeks to make flagging Gucci 'unmissable' again

Apr 16 2026

French luxury group Kering promised Thursday to make its flagship Gucci brand once again "unmissable" and boost …

Mideast war an 'unprecedented' blow for region: IMF to AFP

Apr 16 2026

The Middle East war has created an "unprecedented shock" for the region's economies with no guarantee of a quick …

Vessels cross Hormuz destined for Iran despite US blockade

Apr 16 2026

Two sanctioned cargo vessels have crossed the Strait of Hormuz, apparently bound for Iranian ports despite Washington's …

Iran's shadow oil trade endures near Singapore despite war

Apr 16 2026

Near Singapore, thousands of miles from the Strait of Hormuz, ship-to-ship transfers of Iranian oil have continued …

Lufthansa accelerates cost cuts, closing subsidiary, as fuel prices surge

Apr 16 2026

Lufthansa said Thursday that it was accelerating savings plans by closing a regional subsidiary as the German aviation …

Pernod says Brown-Forman talks 'ongoing' after reported rival offer

Apr 16 2026

French drinks giant Pernod Ricard said Thursday that talks to buy Brown-Forman, the US owner of Jack Daniel's whiskey, …

Commodities exports through Strait of Hormuz collapse, except for Iran

Apr 16 2026

Iran was the top exporter of commodities through the Strait of Hormuz in March, as shipments from other countries fell …

Tokyo stocks hit record high as Iran peace hopes grow

Apr 16 2026

The Tokyo stock market reached a record high Thursday on heightened optimism that the United States and Iran would …

Leading economists call for windfall profit taxes on energy firms

Apr 16 2026

Prominent economists called Thursday for governments to introduce windfall profit taxes on energy companies who are set …

French billionaire Bollore sparks turmoil at top publisher Grasset

Apr 16 2026

French conservative billionaire Vincent Bollore came under attack from dozens of authors on Thursday at one of his …

Repsol taking back control of Venezuelan oil assets

Apr 16 2026

Spanish energy group Repsol said on Thursday it has reached an agreement with the Venezuelan government to regain …

TotalEnergies says was able to maintain production despite war

Apr 16 2026

French oil and gas giant TotalEnergies said Thursday its production in the first quarter of the year was expected to …

Tokyo record leads stocks higher as Iran peace hopes grow

Apr 16 2026

Japanese stocks hit a record high as most equity markets rose Thursday on heightened optimism the United States and Iran …

UK supermarket Tesco says Mideast war hits profit outlook

Apr 16 2026

Britain's biggest supermarket chain Tesco warned Thursday that its profits could be impacted by the Mideast war lifting …

EasyJet says first-half loss to deepen on Mideast war

Apr 16 2026

British no-frills airline EasyJet on Thursday said it expects to post a deeper first-half loss compared with one year …

Kering seeks to 'reignite desirability' with Gucci reset

Apr 16 2026

French luxury group Kering vowed Thursday to "reignite desirability" of its flagging Gucci label, once the jet set's …

AI demand drives chipmaker TSMC's net profit to fresh record

Apr 16 2026

Taiwanese chip maker TSMC said Thursday its net profit surged to a fresh record in the first quarter, fuelled by the …

Fuel supply fears after blaze tears through crucial Australian refinery

Apr 16 2026

Columns of fire engulfed a crucial Australian oil refinery after a chain of explosions, authorities said Thursday, as …

Threat of grounded planes nears as jet fuel supplies dwindle

Apr 16 2026

Could planes soon be stuck on the ground due to a lack of fuel? The risk of jet fuel shortages is growing each day the …

China's economy beats forecasts, but war darkens outlook

Apr 16 2026

China's economy expanded more than expected in the first three months of the year, with official data Thursday …

Luxury giant Kering to chart path for Gucci turnaround

Apr 16 2026

When executives from luxury giant Kering sit down for an investors' day in Florence on Thursday, the troubled Italian …

Tokyo record leads Asia stocks higher as Iran peace hopes grow

Apr 16 2026

Japanese stocks hit a record high as Asian equities extended the week's rally Thursday on heightened optimism the United …

Mexican farmers raise alarm over Sheinbaum's fracking proposal

Apr 16 2026

Over the two decades since fracking started near their lands, farmers in the Mexican state of Veracruz have watched …

US announces new sanctions against Iran oil sector

Apr 15 2026

The United States announced Wednesday it is tightening sanctions against Iran's oil industry as Tehran keeps up its …

Jury finds Ticketmaster owner ran illegal monopoly

Apr 15 2026

A US jury on Wednesday found that entertainment giant Live Nation wielded monopoly power at its Ticketmaster business, …

IMF chief warns of 'tough times' if oil prices stay high

Apr 15 2026

IMF chief Kristalina Georgieva warned Wednesday of difficult times ahead for the global economy if war in the Middle …

S&P 500, Nasdaq end at records as markets bet on US-Iran accord

Apr 15 2026

Major Wall Street stock indices finished at records Wednesday, extending an upward climb on optimism about an accord in …

IMF and Argentina agree deal unlocking $1 bn in assistance

Apr 15 2026

The International Monetary Fund (IMF) said Wednesday it had reached an agreement with the highly indebted Argentine …

World Bank chief economist warns of hunger risk from war in Iran

Apr 15 2026

The conflict in the Middle East could push millions more towards hunger as its economic fallout reverberates further …

Trump says will fire Fed chair if he stays beyond mandate

Apr 15 2026

President Donald Trump renewed pressure Wednesday on Federal Reserve Chair Jerome Powell, with the US leader threatening …

BBC to cut up to 2,000 jobs under 'financial pressures'

Apr 15 2026

The BBC said on Wednesday that the British broadcasting corporation is set to cut up to 2,000 jobs amid a challenging …

Hormuz shipping muted as US blockade takes hold: tracking data

Apr 15 2026

A trickle of ships crossed the Strait of Hormuz Tuesday and Wednesday as a US blockade appeared to further curb traffic …

Swiss watchmakers say time will tell on effects of Mideast conflict

Apr 15 2026

The Middle East war has plunged Swiss watchmakers into uncertainty, testing the resilience of an iconic national …

World Bank announces water security plan covering one billion people

Apr 15 2026

The World Bank announced a plan Wednesday that aims to improve secure water access for a billion people within the next …

Oil rises, stocks mixed as investors eye chances for end of Mideast war

Apr 15 2026

Crude prices climbed Wednesday while stocks diverged as investors digested mixed signals about talks to end the war in …

Merz praises Lufthansa on centenary as strikes ruin party

Apr 15 2026

Chancellor Friedrich Merz on Wednesday praised "the strategic importance" of Lufthansa as the German airline giant …

Bosnia approves gas project by Trump-linked investors

Apr 15 2026

Bosnia approved Wednesday a $1.5 billion energy project led by investors close to US President Donald Trump that aims to …

EU says age-check app 'ready' in push to protect children online

Apr 15 2026

European Union chief Ursula von der Leyen said Wednesday that an EU-developed age verification app was ready to go, as …

Stocks edge higher as investors eye chances for end of Mideast war

Apr 15 2026

Stock markets were mostly higher Wednesday on signs that talks were continuing to end the war in the Middle East, …