Business and Economy
Treading fine line, NBA money machine kicks into gear on China return
AFP - 6h ago
The NBA brought star-studded lineups to Macau this week for the league's return to China after six years but many of the …
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Trump announces new 100 percent China tariff, threatens to scrap Xi talks
AFP - Oct 10 2025
US President Donald Trump announced an additional 100 percent tariff on China Friday and threatened to cancel a summit …
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Stocks shudder after Trump threatens new tariff war with China
Oct 10 2025
Stock markets fell Friday after US President Donald Trump threatened China with "massive" new tariffs, while oil prices …
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Trump threatens to scrap Xi talks and hit China with 'massive' tariffs
Oct 10 2025
US President Donald Trump threatened on Friday to cancel an upcoming summit with Xi Jinping and hit China with "massive" …
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Trump says no reason to meet Xi, threatens 'massive' China tariffs
Oct 10 2025
US President Donald Trump said Friday he no longer feels a summit is necessary with Chinese counterpart Xi Jinping this …
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EU grills Apple, Snapchat, YouTube over risks to children
Oct 10 2025
The EU Friday demanded digital giants including Snapchat and YouTube explain how they are protecting children from …
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Stock markets fluctuate as investors weigh AI, politics
Oct 10 2025
Wall Street rebounded, European stock markets steadied and oil prices fell Friday as investors weighed the US government …
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Carmakers face massive UK dieselgate lawsuit
Oct 10 2025
Five major car manufacturers go on trial at London's High Court on Monday in the latest chapter of the dieselgate …
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Austria finds Microsoft 'illegally' tracked students: privacy campaign group
Oct 10 2025
Austria's data protection authority has determined that Microsoft "illegally" tracked students using its education …
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Stock markets limp into weekend as AI bubble fears grow
Oct 10 2025
Stock markets struggled Friday following a mixed week dominated by the Gaza ceasefire, US government shutdown and fears …
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UK opens door to tougher regulation of Google search
Oct 10 2025
Britain's competition watchdog on Friday paved the way for tougher regulation to tackle Google's dominance in online …
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Asian markets limp into weekend as AI bubble fears grow
Oct 10 2025
Asian equities staggered into the weekend on Friday following a mixed week that saw an agreement on a Middle East …
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Comeback studio Warner takes 'victory lap' amid takeover rumors
Oct 10 2025
In just six months, Warner Bros has gone from ailing Hollywood giant reportedly mulling a leadership change to the …
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US finalizes $20 bn economic lifeline for Argentina, buys pesos
Oct 09 2025
US Treasury Secretary Scott Bessent said Thursday that Washington had bought Argentine pesos and finalized a $20 billion …
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Silver price hits decades high as gold rush eases
Oct 09 2025
The price of silver hit a multi-decade high on Thursday as investors kept flocking to safe havens amid geopolitical and …
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Shein's Paris store kicks up a storm in France
Oct 09 2025
Asian e-commerce giant Shein's decision to set up shop in a historic Parisian department store has ruffled feathers in …
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Serbia faces 'extremely serious' impacts as sanctions hit oil firm
Oct 09 2025
Serbia's president warned that US sanctions on the Russian-controlled operator of the Balkan nation's only oil refinery …
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EU woos developing nations at investment forum
Oct 09 2025
European Union chief Ursula von der Leyen pitched the bloc as a dependable partner in a transactional world Thursday as …
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At German auto crisis meet, Merz vows to fight EU gas guzzler ban
Oct 09 2025
Chancellor Friedrich Merz vowed Thursday to do everything in his power to fight EU plans to ban combustion-engine car …
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Ferrari goes electric with four-seat coupe but shares get shocked
Oct 09 2025
Ferrari will begin its cautious shift to electric vehicles in 2026 with its first battery-powered four-seat coupe, but …
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Danish wind giant Orsted to cut workforce by a quarter
Oct 09 2025
Danish offshore wind energy giant Orsted announced Thursday plans to cut 2,000 jobs, or a quarter of its workforce, by …
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Michelin Guide gets an appetite beyond restaurants
Oct 09 2025
France's famed Michelin Guide, a reference for fine dining for more than a century, is expanding into hotel and wine …
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Markets diverge tracking AI concerns, Gaza deal
Oct 09 2025
European and Asian stock markets traded mixed Thursday as investors assessed the outlook for the global AI-fuelled …
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Merz to host German auto sector crisis meeting
Oct 09 2025
Chancellor Friedrich Merz will Thursday host crisis talks with German auto industry leaders in a bid to navigate myriad …
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Ferrari goes electric with four-seat coupe 'Elettrica'
Oct 09 2025
Ferrari's first electric sports car, to be released next year, will be a four-seat coupe with over 1,000 horsepower and …
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Afghan mobile access to Facebook, Instagram intentionally restricted: watchdog
Oct 09 2025
Access to several social media sites, including Facebook, Instagram and Snapchat, has been "intentionally restricted" in …
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British PM Starmer hails India opportunities after trade deal
Oct 09 2025
British Prime Minister Keir Starmer touted "unparalleled" opportunities opening up in India as he made his inaugural …
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US sanctions hit Serbia's oil firm
Oct 09 2025
US sanctions on Serbia's majority-Russian-owned NIS oil company, which operates the country's sole refinery, took effect …
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Markets mixed as traders eye AI rally, US rates and shutdown
Oct 09 2025
Markets were mixed on Thursday as investors tried to assess the outlook for the global AI-fuelled rally, Federal Reserve …
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OMG! German influencers face tax dodging crackdown
Oct 09 2025
They could soon be unboxing fines rather than freebies -- Germany's online influencers are facing a tax evasion …
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Stocks mixed as traders assess AI rally, US rates and shutdown
Oct 09 2025
Asian markets were mixed Thursday as investors tried to assess the outlook for the global AI-fuelled rally, Federal …
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US federal workers apply for loans as shutdown hits military morale
Oct 09 2025
Now into its second week, the US government shutdown has started impacting federal workers, prompting some to take out …
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US faces travel delays as government shutdown wears on
Oct 09 2025
Concerns over flight delays and missed paychecks due to the US government shutdown escalated Wednesday, as senators …
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Gold tops $4,000 for first time on political, economic worries
Oct 08 2025
Gold topped $4,000 an ounce for the first time Wednesday as investors flocked to the safe haven metal on worries over …
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US facing worsening flight delays as shutdown snarls airports
Oct 08 2025
Concerns over flight delays and missed paychecks due to the US government shutdown escalated Wednesday, as senators …
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World economy not doing as badly as feared, IMF chief says
Oct 08 2025
The global economy is doing better than expected, even as it faces prolonged uncertainty and underwhelming medium-term …
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Germany raises growth forecasts, but warns reforms needed
Oct 08 2025
Germany's economy will eke out meagre growth in 2025 before picking up speed next year, the government said Wednesday as …
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BBVA, Sabadell clash heats up ahead of takeover deadline
Oct 08 2025
Tensions mounted ahead of the closing on Friday of Spanish banking giant BBVA's hostile takeover bid for smaller …
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Veggie 'burgers' face the chop as EU lawmakers back labeling ban
Oct 08 2025
Plant-based "steaks" and "veggie burgers" may be on the way out in the European Union after the bloc's parliament voted …
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Gold tops $4,000 for first time as safe haven shines
Oct 08 2025
Gold surpassed $4,000 an ounce for the first time Wednesday as investors piled into the safe haven investment over …
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In Simandou mountains, Guinea prepares to cash in on iron ore
Oct 08 2025
At the foot of the Simandou mountains in southeast Guinea's lush tropical forest, thousands of workers, trucks and …
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EU wants key sectors to use made-in-Europe AI
Oct 08 2025
The EU on Wednesday told European businesses in critical sectors to ramp up their uptake of artificial intelligence and …
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Gold tops $4,000 for first time as traders pile into safe haven
Oct 08 2025
Gold prices broke $4,000 on Wednesday for the first time as investors piled into the safe haven over expectations for US …
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Indian garment exporters reel under US tariffs
Oct 08 2025
When Donald Trump was elected, Indian garment exporter R.K. Sivasubramaniam thought the new US president would boost …
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Trump talks up Canada trade deal chances with 'world-class' Carney
Oct 07 2025
President Donald Trump said Canadian Prime Minister Mark Carney would be "very happy" after their trade talks at the …
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Stocks falter, gold shines as traders weigh political turmoil
Oct 07 2025
Wall Street stocks turned lower Tuesday and gold closed in on $4,000 per ounce as investors weighed the US government …
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EU targets foreign steel to rescue struggling sector
Oct 07 2025
The EU moved Tuesday to double tariffs on foreign steel -- taking a leaf from US President Donald Trump's book to shield …
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WTO hikes 2025 trade growth outlook but tariffs to bite in 2026
Oct 07 2025
AI-related goods and a surge in exports to the United States to beat President Donald Trump's tariff hikes boosted …
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EU targets foreign steel to shield struggling sector
Oct 07 2025
The EU unveiled proposals on Tuesday to double tariffs on foreign steel -- taking a leaf from US President Donald …
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US stocks edge higher as shutdown drags on
Oct 07 2025
Wall Street stocks edged higher early Tuesday, extending an upbeat stretch as markets continue to look past a US …
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Stocks, gold rise as investors weigh AI boom, political turmoil
Oct 07 2025
Global stocks edged higher Tuesday and gold hovered near a fresh high as investors weighed the US government shutdown, …
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Stocks, gold steady amid political upheaval
Oct 07 2025
Global stocks steadied Tuesday and gold hovered around a fresh high as investors retreated to safety amid a US …
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German factory orders drop in new blow to Merz
Oct 07 2025
German industrial orders unexpectedly fell in August, marking a fourth straight month of decline, official data showed …
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Renewables overtake coal but growth slows: reports
Oct 07 2025
Solar and wind farms generated more electricity than coal for the first time on record this year, but US and Chinese …
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OpenAI's Fidji Simo says AI investment frenzy 'new normal,' not bubble
Oct 07 2025
The dizzying investments in artificial intelligence infrastructure do not constitute a bubble but rather represent …
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Extreme rains hit India's premier Darjeeling tea estates
Oct 07 2025
Torrential rains that triggered deadly landslides and floods in India's Darjeeling region also destroyed swathes of …
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Tokyo stocks hit new record as markets extend global rally
Oct 07 2025
Japanese stocks eked out another record Tuesday following the weekend election of a pro-stimulus advocate to lead the …
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EU channels Trump with tariffs to shield steel sector
Oct 07 2025
The European Union will take a page out of US President Donald Trump's tariff playbook on Tuesday with a plan to hike …
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Open AI's Fidji Simo says AI investment frenzy 'new normal,' not bubble
Oct 07 2025
The dizzying investments in artificial intelligence infrastructure do not constitute a bubble but rather represent …
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Tokyo stocks hit new record as Asian markets extend global rally
Oct 07 2025
Japanese stocks hit another record Tuesday, building on the previous day's surge following the election of a …
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Shhhh! California bans noisy TV commercials
Oct 07 2025
Noisy TV commercials were banned in California on Monday, with a new law that demands pitchmen turn the volume down.
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Trump 'happy' to work with Democrats on health care, if shutdown ends
Oct 06 2025
President Donald Trump said Monday he would be "happy" to negotiate a deal on health programs with Democrats, but …
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Brazil's Lula asks Trump to remove tariffs in 'friendly' phone call
Oct 06 2025
Brazilian President Luiz Inacio Lula da Silva urged US President Donald Trump to lift punitive trade tariffs in their …
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Paris stocks slide amid French political upheaval, Tokyo soars
Oct 06 2025
Stock markets were mixed Monday as a deepening political crisis in France sent Paris into a tailspin while a new …
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EU should scrap ban on new combustion-engine sales: Merz
Oct 06 2025
German Chancellor Friedrich Merz said Monday he wants the EU to scrap its planned 2035 deadline for ending new …
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US government shutdown enters second week, no end in sight
Oct 06 2025
The US government shutdown entered its second week on Monday, with no sign of a deal between President Donald Trump's …
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OpenAI signs multi-billion dollar chip deal with AMD
Oct 06 2025
OpenAI signed a multi-year partnership Monday with chipmaker Advanced Micro Devices as the ChatGPT-maker continues an …
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US government shutdown enters second week
Oct 06 2025
The US government shutdown entered its second week on Monday, with no sign of a deal between President Donald Trump's …
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Paris stocks slide as French PM resigns, Tokyo soars
Oct 06 2025
Stock markets diverged Monday as a deepening political crisis in France sent Paris into a tailspin while a new Japanese …
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Paris stocks drop as French PM resigns, Tokyo soars
Oct 06 2025
Stock markets diverged Monday as a deepening political crisis in France sent Paris into a tailspin while a new Japanese …
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Paris stocks drop as French PM resigns
Oct 06 2025
Stock markets diverged Monday, with Paris dropping as France plunged further into political crisis after the prime …
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Tokyo stocks soar on Takaichi win, Paris sinks as French PM resigns
Oct 06 2025
Tokyo stocks surged almost five percent to a record high Monday and the yen sank on bets that the new leader of Japan's …
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Tokyo soars, yen sinks after Takaichi win on mixed day for Asia
Oct 06 2025
Tokyo stocks surged almost five percent to a record high Monday and the yen sank on bets that the new leader of Japan's …
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China's chip challenge: the race to match US tech
Oct 06 2025
China's push to develop top-end artificial intelligence microchips is gaining momentum, but analysts say it will …
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'My heart sank': Surging scams roil US job hunters
Oct 06 2025
After a series of interviews, Nicole Becker was ecstatic to receive a job offer from a sportswear brand. But like many …
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Competition heats up to challenge Nvidia's AI chip dominance
Oct 06 2025
The artificial intelligence (AI) revolution has whetted the appetites of Nvidia's competitors, who are seeking to close …
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France unveils new government amid political deadlock
Oct 05 2025
French President Emmanuel Macron named a new government on Sunday, putting together a team of largely familiar faces …
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Italy working hard to prevent extra US tariffs on pasta
Oct 05 2025
Italy has appealed to Washington and the European Commission in an attempt to dissuade the US from imposing a punitive …
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Opec+ plus to raise oil production by 137,000 barrels a day in November
Oct 05 2025
Saudi Arabia, Russia and six other members of Opec+ on Sunday decided to raise their production quotas by 137,000 …
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OPEC+ meets with future oil production hanging in the balance
Oct 05 2025
Saudi Arabia, Russia and six other key members of the OPEC+ alliance are likely to agree to raise crude output when they …
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Flights resume at Munich airport after second drone scare
Oct 04 2025
Flights resumed "progressively" on Saturday at Munich airport, but delays were expected after a drone scare caused a …
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French air traffic controllers cancel three-day strike
Oct 04 2025
French air traffic controllers have called off a three-day strike that threatened to disrupt European flights next week, …
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Stocks rise on AI optimism, US rate-cut hopes
Oct 03 2025
Stock markets struck fresh records Friday, driven by investor optimism over artificial intelligence and hopes of US …
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AI in an 'industrial bubble' but will benefit society: Bezos
Oct 03 2025
Artificial intelligence technology is in an "industrial bubble," Amazon founder Jeff Bezos told a tech conference in …
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Stocks gain on AI optimism, US rate-cut hopes
Oct 03 2025
Stock markets mostly rose Friday, driven by investor optimism over AI and US rate-cut hopes, which overshadowed concerns …
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'First of its kind' power surge behind Iberia blackout: experts
Oct 03 2025
A power surge that caused a paralysing blackout across all of Spain and Portugal in April was an unprecedented event in …
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US delays key jobs report due to government shutdown
Oct 03 2025
The United States suspended the publication of a key employment report Friday as a partial government shutdown entered …
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UN-backed climate banking alliance ceases operations
Oct 03 2025
The Net-Zero Banking Alliance, a UN-backed initiative seeking carbon neutral investments by banks, announced Friday its …
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Munich airport closure 'wake-up call' over drone danger: govt
Oct 03 2025
German Interior Minister Alexander Dobrindt said Friday that the temporary closure of Munich airport after drone …
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Carrefour name disappears from Arab stores as Israel boycotters claim victory
Oct 03 2025
The Carrefour name has disappeared from storefronts in some Arab countries, with pro-Palestinian shoppers and activists …
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Munich airport resumes flights after drone sightings trigger closure
Oct 03 2025
Germany's Munich airport said normal service resumed Friday after several drone sightings forced its closure overnight, …
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Tech fans Tokyo rally on broadly positive day for Asian markets
Oct 03 2025
A surge in tech firms helped Tokyo's Nikkei lead most Asian equities higher on Friday as investors headed into the …
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Spain's Benidorm embraces its Franco-era mass tourism model
Oct 03 2025
Fifty years after General Francisco Franco's death, Benidorm still clings to the mass tourism model it pioneered under …
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Cyberattack halts shipments from Japan's biggest brewer
Oct 03 2025
A damaging cyberattack on Japanese beer giant Asahi this week has halted shipments from its breweries and there is no …
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Musk joins 'cancel Netflix' campaign
Oct 03 2025
Elon Musk has urged his 227 million social media followers to cancel their Netflix subscriptions, accusing the streaming …
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US farmers hit by trade war to get 'substantial' aid: Treasury chief
Oct 02 2025
US Treasury Secretary Scott Bessent signaled Thursday that "substantial support" for farmers would be announced next …
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US stocks end at records as government shutdown drags on
Oct 02 2025
Wall Street stocks finished at fresh records again Thursday as a US government shutdown dragged into a second day.
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Boom or bubble: How long can the AI investment craze last?
Oct 02 2025
The staggering investments in artificial intelligence keep coming: Last week, AI chip giant Nvidia announced it would …
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US Treasury chief says 'fully prepared' to support struggling Argentina
Oct 02 2025
US Treasury Secretary Scott Bessent said Thursday that his agency was "fully prepared to do what is necessary" in …
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Tech stocks fuel Asian and European gains, Wall Street wobbles
Oct 02 2025
A surge in tech stocks helped fuel gains in Asia and Europe, but Wall Street wobbled as a partial US government shutdown …
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Tesla car sales lifted by end of US electric auto tax credit
Oct 02 2025
Tesla reported higher global third-quarter auto deliveries on Thursday, joining a broad slate of automakers seeing a …
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Stock markets surge on tech rally, US rate hopes
Oct 02 2025
Equities jumped Thursday thanks to gains in tech stocks and as weak US jobs data fanned optimism for more interest rate …
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