Business and Economy



Canadian minister says Russia's G20 presence sparked 'discomfort'

AFP - 1h ago

Canadian Finance Minister Francois-Philippe Champagne said Tuesday that his Russian counterpart's presence at US-hosted …

IMF reaches agreement with Senegal on new $2.2 bn loan programme

AFP - 2h ago

The International Monetary Fund announced an agreement with Senegal on Tuesday for a new $2.2-billion loan programme, …

Global bond sell-off deepens on inflation concerns

AFP - 3h ago

A sell-off of bonds from key countries worldwide deepened on Tuesday, sending government borrowing costs soaring and …

EU official says it's not time to 'normalize' Russia at G20 finance talks

AFP - 4h ago

EU economy chief Valdis Dombrovskis said Tuesday that it is not the time to "normalize" Moscow's presence at G20 …

Germany's far-right AfD promises 'boom' but economists fear worst

AFP - 7h ago

Germany's far-right AfD has promised an "economic boom" if it wins Sunday's regional elections and ends up ruling the …

Former Peru minister last-minute contender for UN labour agency helm

AFP - 8h ago

The UN labour agency chief will face two challengers for his job after a former Peruvian foreign minister entered the …

Shein flattens on Hong Kong debut facing global headwinds

AFP - 8h ago

Fast-fashion retailer Shein made a tepid Hong Kong debut on Tuesday, having raised US$1.7 billion in a high-profile …

Eurozone inflation hits three-year high at 3.3% in August

AFP - 8h ago

Eurozone inflation jumped to 3.3 percent in August, the highest level in three years, as the war in the Middle East kept …

Oil extends gains, stocks mostly down as Trump issues fresh Iran warning

AFP - 3h ago

Oil prices jumped more than one percent Tuesday amid fears of a fresh bout of military exchanges between the United …

Oil extends gains, stocks mixed as Trump issues fresh Iran warning

AFP - 44m ago

Oil prices extended gains Tuesday amid fears of a fresh bout of military exchanges between the United States and Iran …

AI startup Manus says resumes independent operations

AFP - 11h ago

AI startup Manus said Tuesday it had resumed independent operations, months after China blocked Facebook-owner Meta from …

Japan to relax overtime regulation under workaholic PM

AFP - 12h ago

Japan will ease overtime regulation starting Tuesday in a move meant to help spur economic growth but criticised as a …

Defence tech hub Munich booms as Europe rearms

AFP - 12h ago

Munich is booming as a hub for young defence tech firms making everything from AI-powered drones to cutting-edge …

Illegal mining ravages S.Africa's economic hub

AFP - 12h ago

Whole chunks of a once-busy road in Johannesburg have collapsed because of damage caused by the illegal mining rampant …

Fast-fashion giant Shein plunges 10% on Hong Kong debut

AFP - 6h ago

Fast-fashion retailer Shein fell 10 percent on its long-awaited Hong Kong trading debut Tuesday, having raised US$1.7 …

Oil extends gains, stocks drop as Trump issues fresh Iran warning

AFP - 4h ago

Oil prices extended gains Tuesday amid fears of a fresh bout of military exchanges between the United States and Iran …

Anthropic signs $35B computing deal with startup backed by Nvidia

AFP - 14h ago

Anthropic signed a $35 billion deal for access to cloud computing power from a US-based startup backed by Nvidia, adding …

Middle East war a boon for UAE defence giant with global ambitions

AFP - 10h ago

In the heart of the Abu Dhabi desert, workers toil inside warehouses assembling drones and missiles for the UAE's Edge …

Boat builders keep Pakistan's fishing heritage afloat

AFP - 10h ago

The rhythmic hammering of nails and the whine of saws echo around a coastal Karachi neighbourhood, where small figures …

US draws European pushback with Russia G20 finance invite

AFP - 9h ago

Russia's attendance at the opening of US-hosted G20 finance meetings sparked European pushback on Monday, adding a …

US regulator, 22 states accuse Amazon of 'manipulating' ad auctions: lawsuit

Aug 31 2026

The US Federal Trade Commission (FTC) and 22 states sued Amazon on Monday for allegedly "manipulating" online auctions …

Oil prices surge on renewed fighting in US-Iran war

Aug 31 2026

Oil prices jumped more than two percent on Monday, with the Brent international benchmark rising above $90 a barrel …

Russian finance minister makes unexpected appearance at G20

Aug 31 2026

Russia's finance minister Anton Siluanov made an unexpected appearance at the US-hosted G20 finance leaders' talks …

Galliano pulls Met Gala exhibit after antisemitism backlash

Aug 31 2026

Top fashion designer John Galliano announced Monday he was cancelling an exhibition of his work that was to kick off New …

Apple CEO Tim Cook gives nod to founder Steve Jobs in final memo

Aug 31 2026

Apple's chief executive Tim Cook bid farewell to the tech giant on Monday, paying tribute to founder Steve Jobs and …

John Ternus to lead Apple into the age of AI

Aug 31 2026

John Ternus takes over as Apple's chief executive on Tuesday, inheriting a company that towers over the smartphone …

Trump says AI data center opponents want to be 'backwards and poor'

Aug 31 2026

US President Donald Trump on Monday attacked opponents of artificial intelligence data centers, saying they would end up …

Putin, Xi hold talks in Kyrgyzstan as regional summit begins

Aug 31 2026

Russia's Vladimir Putin and China's Xi Jinping began talks Monday in Kyrgyzstan, where a dozen other heads of state also …

Shein valued at $26.3 bn in Hong Kong market debut

Aug 31 2026

Fast-fashion giant Shein raised $1.7 billion in its long-awaited Hong Kong initial public offering, valuing the online …

France takes aim at ultra-fast fashion with new levy

Aug 31 2026

France will from Tuesday impose a fee on ultra-fast fashion items that will eventually reach almost 20 euros per …

Crude prices rise above $90 per barrel on US-Iran strikes

Aug 31 2026

Oil prices jumped more than two percent Monday, with the Brent international benchmark rising above $90 a barrel after a …

US vows to keep economic pressure on Iran as G20 finance talks begin

Aug 31 2026

US Treasury Secretary Scott Bessent vowed Monday to persist with economic pressure on Iran, saying a turning point could …

ChatGPT becomes first AI chatbot to face tougher EU rules

Aug 31 2026

ChatGPT will have to comply with tougher safety rules after the EU added it Monday to a list of digital services subject …

Putin, Xi, Iran's Pezeshkian in Kyrgyzstan for summit

Aug 31 2026

The leaders of Russia, China, Turkey, India and Iran were in Kyrgyzstan Monday for a two-day summit of the Shanghai …

G20 finance talks open as US seeks to ramp up pressure on Iran

Aug 31 2026

Finance leaders from the Group of 20 major economies open talks Monday at a US-hosted gathering, with the Trump …

China's Xi and Iran's Pezeshkian in Kyrgyzstan, Putin expected

Aug 31 2026

China's Xi Jinping and Iranian President Massoud Pezeshkian were in Kyrgyzstan for a summit of the Shanghai Cooperation …

Crude prices rise on US-Iran strikes, equities mixed after Warsh remarks

Aug 31 2026

Oil prices spiked more than two percent Monday after a fresh flare-up in the US-Iran war, while stocks were mixed as …

Passengers stranded overnight by Kenya airport strike

Aug 31 2026

Hundreds of passengers were stranded at Kenya's main international airport overnight as the latest strike by workers …

US hosts G20 finance talks with growth, Iran pressure on agenda

Aug 31 2026

Finance leaders from the Group of 20 major economies open talks Monday at a US-hosted gathering, as the Trump …

Iran retaliates after first US strikes in a month

Aug 31 2026

Iran attacked US military targets in the Middle East on Monday in retaliation for the first American strikes on its …

Chinese guitar capital's stairway to export heaven

Aug 31 2026

It doesn't take long to guess the main industry of the Chinese town of Zheng'an. A giant guitar sculpture dominates the …

Stocks drop as Warsh fans US rate hike bets, crude up on US-Iran strikes

Aug 31 2026

Asian stocks fell Monday as hawkish comments from Federal Reserve boss Kevin Warsh saw investors ramp up bets on a US …

Russia's Putin and China's Xi to attend summit in Kyrgyzstan

Aug 31 2026

Russia's Vladimir Putin, China's Xi Jinping and more than a dozen other leaders will gather in Kyrgyzstan Monday for a …

US strikes Iran for first time in a month, Tehran retaliates

Aug 30 2026

The United States said Sunday it had attacked Iranian rocket launchers on a small island in the Strait of Hormuz, its …

Google Maps renames Lake Ontario 'Lake America' in US -- but not Canada

Aug 30 2026

Google redesignated Lake Ontario as "Lake America" on maps seen by US users Sunday after President Donald Trump …

Vietnamese coffee farmers ride China's durian wave

Aug 30 2026

Vietnam's Central Highlands produces around one sixth of the world's coffee, but farmers are switching their traditional …

Venezuela says retains 'sovereignty' in US oil deal

Aug 30 2026

Interim leader Delcy Rodriguez assured the public Saturday that Venezuela retains control of its oil under a new …

Data center backlash scrambles US midterm politics

Aug 30 2026

The data centers powering America's artificial intelligence boom have become an unlikely target in November's midterm …

Venezuelans view US oil deal with doubt, hope

Aug 30 2026

Venezuelans expressed doubt and suspicion on Saturday over a new deal enabling the United States to exploit the …

Trump announces deal for huge US stake in Venezuelan oil reserves

Aug 29 2026

President Donald Trump said Friday his administration has reached a huge oil deal with Venezuela that gives the United …

Dollar rallies after Fed chief lifts rate expectations

Aug 28 2026

Wall Street stocks dipped while the dollar rallied Friday after Federal Reserve chief Kevin Warsh flagged fighting high …

Fed chair Warsh signals 'work to do' on high US inflation

Aug 28 2026

US Federal Reserve chair Kevin Warsh on Friday offered rare insight into his economic outlook, flagging that high …

Stocks, dollar rise after Fed chief lifts rate expectations

Aug 28 2026

Stocks advanced and the dollar spiked higher Friday after Federal Reserve chief Kevin Warsh called high inflation …

Meta's teen safety deal runs into an unsolved problem: proving age

Aug 28 2026

Meta's landmark settlement with nearly every US state promises curfews and time limits for teens on Instagram and …

Fed chair Warsh flags high US inflation as 'concerning'

Aug 28 2026

US Federal Reserve chair Kevin Warsh on Friday offered rare insight into his economic outlook, flagging that high …

Stocks advance with all eyes on Fed chair's speech

Aug 28 2026

Stocks rose on Friday ahead of a keenly awaited speech by US Federal Reserve Chair Kevin Warsh as investors seek clues …

Swiss nuclear plant fully back online after heatwaves

Aug 28 2026

The Beznau nuclear power plant in Switzerland, which was shut down multiple times over the last two months due to summer …

Stocks rise ahead of Fed chair's policy speech

Aug 28 2026

Stocks mostly rose Friday as investors awaited a key speech by US Federal Reserve Chair Kevin Warsh for clues about the …

All eyes on Warsh as Fed chair kicks off key central banking meeting

Aug 28 2026

Markets will be wanting much -- but expecting little -- from US Federal Reserve Chair Kevin Warsh as he kicks off the …

Japan spent record $96 bn in yen interventions: ministry

Aug 28 2026

Japan spent 15.4 trillion yen ($96 billion) to boost the yen between late July and late August, the finance ministry …

Germany could miss climate goal in 2026 for first time: think tank

Aug 28 2026

Germany risks missing an annual climate target in 2026 for the first time unless cuts to greenhouse gas emissions …

Most stocks rise as attention turns to Warsh speech

Aug 28 2026

Stocks mostly rose Friday ahead of a closely watched speech by Federal Reserve boss Kevin Warsh that investors will be …

US court rules Pentagon ban of Anthropic unlawful

Aug 28 2026

A US federal judge ruled Thursday that sanctions imposed by the Trump administration against AI giant Anthropic were …

Anger in Austria over business park on former Nazi camp site

Aug 28 2026

A few crumbling concrete blocks in an overgrown field are all that remains visible of what was once a sprawling Nazi …

Cancer fears stalk Kosovo's coal heartland

Aug 28 2026

In the small town of Obilic, overshadowed by the smokestacks of Kosovo's largest coal-fired power plants, locals say it …

Tanker pays record $5.3 mn to transit Panama Canal: administrator

Aug 28 2026

A tanker carrying liquefied petroleum gas has paid $5.3 million for priority passage through the Panama Canal ahead of …

China's help critical, but unlikely, for US to choke off Iran

Aug 28 2026

The United States has threatened the "economic asphyxiation" of Iran, but analysts say that a successful chokehold would …

Most Asian stocks advance as attention turns to Warsh speech

Aug 28 2026

Asian stocks mostly rose Friday ahead of a closely watched speech by Federal Reserve boss Kevin Warsh that investors …

'End of an era': Players lament decline of the disc at Gamescom

Aug 28 2026

Some video game fans are flabbergasted at Sony's decision to discontinue disc sales from 2028 at Germany's Gamescom …

Golf media firm loses Callaway, PGA Tour deals over violent ad

Aug 27 2026

Golf equipment giant Callaway on Thursday severed ties with the media firm behind an advert that showed a male golfer …

US to push economic pressure on Iran at G20 finance talks

Aug 27 2026

Treasury Secretary Scott Bessent will step up efforts to isolate Iran economically as he hosts G20 counterparts next …

Nvidia boosts tech stocks but caution dominates ahead of Fed speech

Aug 27 2026

Blockbuster earnings from AI chip behemoth Nvidia boosted technology stocks Thursday, but broader market movements were …

Callaway cuts ties with golf media firm over violent ad

Aug 27 2026

Golf equipment giant Callaway on Thursday severed ties with the media firm behind an advert that showed a male golfer …

Piracy attacks off Somalia surge in 2026: AFP analysis of IMO data

Aug 27 2026

Piracy off the Horn of Africa has reached its highest levels since 2013, according to an AFP analysis based on data from …

After US settlement, EU says Meta must 'protect our kids too'

Aug 27 2026

The EU said Thursday it expects Meta to address "addictive" features of its platforms in Europe, after the tech giant …

Tech stocks lifted by Nvidia but caution dominates ahead of Fed speech

Aug 27 2026

Blockbuster earnings from AI chip behemoth Nvidia boosted technology stocks Thursday, but broader market movements were …

Germany-led 'frugal' EU states demand budget plan cuts of 'several hundred billion'

Aug 27 2026

Germany and five other so-called "frugal" EU members demanded Thursday that the European Commission's seven-year budget …

Tech stocks lifted by Nvidia as broader markets struggle

Aug 27 2026

Technology stocks rose Thursday after blockbuster earnings from chip behemoth Nvidia that eased worries about the AI …

Asian chip firms lifted by Nvidia forecast but broader markets struggle

Aug 27 2026

Asian chip firms rallied Thursday following more blockbuster earnings from Nvidia that eased worries over the AI …

Nvidia to buy AI platform Hugging Face for $12.9 bn: report

Aug 27 2026

Nvidia is set to buy artificial intelligence platform Hugging Face for $12.9 billion, news outlet The Information …

Once a top export, prized Kashmir carpet fades

Aug 27 2026

It has survived wars and upheavals, but the famed handwoven Kashmir carpet industry is now battling a steady decline as …

Bond yields are surging: Here's why that could spell trouble

Aug 27 2026

From Japan to Europe and the United States, officials are getting antsy as bond yields hit highs not seen in a decade or …

Qantas says profits slump as fuel costs surge

Aug 27 2026

Australian airline Qantas said Thursday it expects fuel costs to stay high, after the Middle East war pushed up prices …

'Be more honest': Markets crave clarity from cryptic Fed chair

Aug 27 2026

US Federal Reserve Chair Kevin Warsh will have to soothe investors frazzled by his cryptic communication style in a key …

Lofty bond yields, Bessent's intervention pose challenge to Fed's Warsh

Aug 27 2026

US Treasury Secretary Scott Bessent's controversial efforts to lower Treasury yields have potentially put him at odds …

Fed's Cook rejects Trump mortgage fraud claims

Aug 27 2026

Federal Reserve Governor Lisa Cook rejected renewed mortgage fraud allegations from the White House on Wednesday, …

Canada renews push to boycott US products

Aug 27 2026

Philippe Meranger just finished his grocery shopping in Montreal.

Brazil sues Discord for $100 mn in child safety case

Aug 27 2026

The Brazilian government on Wednesday said it was suing the Discord messaging platform for nearly $100 million in …

Meta, US states agree $18 bn settlement in landmark teen safety case

Aug 26 2026

Meta agreed to pay a coalition of US states as much as $16.7 billion and to impose sweeping new limits on how teenagers …

Brazil sues Discord for $100 mln in child safety case

Aug 26 2026

The Brazilian government on Wednesday said it was suing the Discord messaging platform for nearly $100 million in …

Nvidia doubles revenue, forecasts even more AI spending

Aug 26 2026

AI juggernaut Nvidia on Wednesday reported quarterly revenue of $96.2 billion, more than double from a year earlier, as …

Meta settlement puts social media industry on notice: 'There will be more'

Aug 26 2026

Wednesday's historic settlement between Meta and dozens of US states could be just the start of a wave that will ripple …

Brazil sues Discord over child safety measures, demands $100 mln in damages

Aug 26 2026

The Brazilian government on Wednesday filed a lawsuit to force the Discord messaging platform to adopt stronger measures …

Stocks mixed as oil drops, US inflation stays high

Aug 26 2026

Wall Street stocks finished lower Wednesday after US inflation came in steady but elevated as markets traded cautiously …

Meta, US states agree $16.7 bn settlement in landmark teen safety case

Aug 26 2026

Meta agreed to pay a coalition of US states as much as $16.7 billion and to impose sweeping new limits on how teenagers …

As Canada takes on US tariffs, what's behind the David and Goliath fight?

Aug 26 2026

The United States and Canada have plunged into a trade war as Ottawa stands its ground in the face of President Donald …

Stocks mixed as oil drops, inflation stays high

Aug 26 2026

Lower oil prices helped lift European stock markets on Wednesday, but continued high US inflation weighed on Wall …

Bill Gates warns world unprepared for AI upheaval

Aug 26 2026

Bill Gates warned Wednesday that the world is dangerously unprepared for the upheaval brought by artificial …

German plan for sugar tax on Coke Zero fizzles out

Aug 26 2026

German government proposals to include Coke Zero and other artificially-sweetened drinks in its new sugar tax fizzled …

Stocks gain as oil drops on Mideast hopes

Aug 26 2026

Lower oil prices helped lift stock markets on Wednesday as investors awaited key US inflation data and a highly …

France eases cow diets as cheesemakers sweat

Aug 26 2026

Widespread drought and record-breaking heatwaves have forced France to relax some of its famously strict rules on cheese …

Stocks edge higher as oil drops on fresh Mideast hopes

Aug 26 2026

Most Asian stocks edged higher on Wednesday as oil prices extended a decline on receding concerns about another military …