Business and Economy
Tech-fuelled rally fizzles as oil prices rise
AFP - 17m ago
Asian stock markets rallied Friday, led by a record surge of almost 18 percent for Seoul as technology firms performed a …
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US Fed dissenters call for rate hikes over sustained inflation
AFP - 49m ago
All three US Federal Reserve policymakers who dissented from the central bank's decision to keep interest rates steady …
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French, Italian winegrowers face earliest ever harvest
AFP - 1h ago
Scorching summer temperatures have disrupted life for millions of Europeans but for winegrowers in Italy and France, who …
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Stock markets rally on tech rebound
AFP - 1h ago
Global stock markets rallied Friday, led by a record surge of almost 18 percent for Seoul as technology firms performed …
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New York sues online prediction markets giant Kalshi
AFP - 3h ago
New York's attorney general sued betting platform Kalshi on Friday, accusing it of running an illegal gambling operation …
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Commerzbank agrees to talks with UniCredit after two-year standoff
AFP - 3h ago
Commerzbank CEO Bettina Orlopp has called for the opening of talks with UniCredit regarding the German bank's future, …
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Profits surge at US oil giant amid Iran war supply shock
AFP - 4h ago
US petroleum giants ExxonMobil and Chevron released blowout profits Friday, reflecting a major lift in business …
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Wildberries: 'Russia's Amazon' targeted by Ukraine
AFP - 5h ago
Ukraine has hit the warehouses of Russia's largest online retailer Wildberries around a dozen times since mid-July, …
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BP seeks to sell North Sea business as UK faces drilling dilemma
AFP - 3h ago
BP has launched moves to sell its North Sea business, the British oil and gas giant announced Friday, as new Prime …
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Tech rebound fuels record-breaking rally in South Korean stocks
AFP - 3h ago
South Korean stocks soared a record 17.9 percent on Friday as Asian tech firms performed a blistering recovery from an …
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British oil giant BP aims to sell North Sea business
AFP - 3h ago
BP has launched moves to sell its North Sea business, the British oil and gas giant announced Friday, as new Prime …
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Chipmaker Kioxia reports AI-driven 45-fold surge in quarterly net profit
AFP - 8h ago
Ferocious AI-driven demand delivered quarterly net profit more than 45 times higher than last year's figure for Japanese …
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Sony hikes profit outlook on strong gaming earnings
AFP - 9h ago
Sony hiked its profit forecasts for the current year on Friday, helped by the Japanese consumer electronics giant's …
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FIFA vows to go ahead with private investor proposal
AFP - 5h ago
World football's governing body FIFA vowed on Friday to press ahead with an "open and democratic" consultation on a …
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US eyes European gas dominance through Balkans
AFP - 6h ago
As Europe weans itself off Russian energy, Washington is fast emerging as its largest gas supplier, with experts …
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Greek visa scheme gives Turks easier entry to islands in EU
AFP - 11h ago
For Ikra Altumsek, and many other Turkish tourists, a visa-on-arrival scheme to visit several of Greece's Aegean islands …
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China factory activity slides as leaders seek spending boost
AFP - 9h ago
China's factory activity unexpectedly slid in July, official data showed Friday, as leaders in the world's …
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Cables and cooling bring AI windfall to Indian suppliers
AFP - 10h ago
At a bustling factory in western India, technicians work around the clock to turn glass into hair-thin fibre-optic …
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Oil industry sees war windfall but girds for political blowback
AFP - 14h ago
US oil giants are set to report blowout profits Friday at a time when lofty gasoline prices are stressing consumers and …
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Amazon beats expectations with cloud and AI growth
Jul 30 2026
Amazon beat analysts' expectations on Thursday when it reported growth in overall revenue and sales, particularly in its …
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Apple tops estimates in CEO Cook's final quarter, but shares fall
Jul 30 2026
Apple beat market expectations in its latest results on Thursday, capping Tim Cook's final earnings report as CEO with a …
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Blowout Microsoft results lift US stocks as oil retreats
Jul 30 2026
Wall Street stocks rebounded Thursday as blowout Microsoft results and moderating oil prices blunted worries about …
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UEFA says will boycott World Cup if FIFA pushes private investor proposal
Jul 30 2026
European football's governing body UEFA said Thursday it would boycott the World Cup if FIFA pressed ahead with its …
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Stocks climb on earnings and rates, oil retreats
Jul 30 2026
Most European and US stock markets advanced Thursday as traders tracked major earnings and central bank updates, while …
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Prada profits pinched as growth hard to chase
Jul 30 2026
Prada said Thursday that its net profit slumped in the first half of this year as it integrates its new brand Versace, …
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US economic growth slows in second quarter, missing expectations
Jul 30 2026
The United States saw slowing growth in the second quarter, the Commerce Department said Thursday, with fallout from …
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Musk plans major Republican midterm spending push: report
Jul 30 2026
Elon Musk, the world's richest person, is preparing a major spending push to help Republicans retain control of Congress …
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Russia adds Telegram founder Durov to 'terrorist' blacklist
Jul 30 2026
Russia on Thursday added Telegram founder Pavel Durov to a blacklist of "terrorists and extremists", a day after saying …
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Stocks diverge on earnings, as oil steadies
Jul 30 2026
Global stock markets diverged Thursday as traders tracked major earnings and central bank updates, while oil prices …
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AI data centre supplier Zhongji InnoLight slips on Hong Kong debut
Jul 30 2026
Shares in Chinese data centre supplier Zhongji InnoLight briefly plunged 10 percent in its Hong Kong debut on Thursday, …
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Eurozone economy grows despite Middle East war
Jul 30 2026
The eurozone economy grew more than expected in the second quarter of 2026, data published Thursday showed, proving its …
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BMW profit down a third as carmaker plans job cuts
Jul 30 2026
Net profit at premium carmaker BMW fell over a third in the second quarter, the firm said Thursday as it prepares to cut …
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Shell profit surges as Mideast war fuels oil prices
Jul 30 2026
British energy giant Shell said Thursday that its net profit tripled to $10.8 billion in the second quarter as the …
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Seoul extends losses as most Asian markets drop, oil rises again
Jul 30 2026
South Korean stocks extended their painful retreat Thursday as a promising start gave way to more blood-letting in the …
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Car maker Stellantis says back in profit in second quarter
Jul 30 2026
Fiat and Jeep maker Stellantis said Thursday it had returned to profit in first quarter of 2026 after a dramatic loss in …
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Stranded boats, out-of-work fishermen as Danube hits record lows
Jul 30 2026
The tourist port in the Romanian town of Corabia, on the banks of the Danube river, is deserted except for a few …
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Nolan's 'Odyssey' boosts sales of mythology tales in UK
Jul 30 2026
Christopher Nolan's adaptation of "The Odyssey" has not only lured legions of fans to cinemas, but sparked huge interest …
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AI data centre supplier Zhongji InnoLight tumbles on Hong Kong debut
Jul 30 2026
Shares in Chinese data centre supplier Zhongji InnoLight tumbled more than nine percent in its Hong Kong debut on …
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Samsung quarterly operating profit up 1,800% on AI boom
Jul 30 2026
South Korean technology giant Samsung Electronics posted on Thursday a massive 19-fold jump in second-quarter operating …
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South Korean stocks bounce after rout, oil holds gains on Mideast woes
Jul 30 2026
South Korean stocks enjoyed a much-needed rally Thursday after a two-day rout as chip giant Samsung reported an …
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AI data centre supplier Zhongji InnoLight falls on Hong Kong debut
Jul 30 2026
Shares in China's Zhongji InnoLight fell in the first few minutes of its Hong Kong debut Thursday, after raising at …
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Samsung operating profit up 1,800% in second quarter on AI boom
Jul 30 2026
South Korean technology giant Samsung Electronics posted on Thursday a massive 19-fold jump in second-quarter operating …
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Crisis-hit Cuba opens pharmacies, gas stations to private firms
Jul 30 2026
Cuba moved to open crisis-ravaged parts of the state-run economy to private firms Wednesday, as the communist government …
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Meta misses profit expectations, sticks to massive AI spending
Jul 29 2026
Facebook-parent Meta reported profits on Wednesday that fell short of Wall Street expectations, as the cost of staying …
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Oil prices surge while US stocks fall as Fed keeps rates unchanged
Jul 29 2026
Wall Street stocks finished sharply lower Wednesday after the Federal Reserve kept interest rates unchanged despite …
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US Fed holds interest rates steady as 'family fight' sees hawks call for hike
Jul 29 2026
The US Federal Reserve held interest rates steady on Wednesday, with Chair Kevin Warsh lauding a "family fight" that saw …
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OpenAI says rogue AI agent attack hit other companies
Jul 29 2026
ChatGPT maker OpenAI has revealed that an autonomous artificial intelligence agent which hacked a popular platform for …
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US Federal Reserve holds rates steady as inflation hawks call for hike
Jul 29 2026
The US Federal Reserve held interest rates steady on Wednesday, with surging inflation fueled by President Donald …
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Russia seeks arrest of Telegram chief Durov
Jul 29 2026
Russia announced on Wednesday that it was seeking the arrest of Telegram founder Pavel Durov over accusations of …
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Campari - king of the spritz - hopes to conquer American heartland
Jul 29 2026
Whether made with Aperol, Campari or Sarti, the spritz has rapidly established itself on terraces across Europe -- with …
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Air France-KLM and Lufthansa bid for Portugal's TAP airline
Jul 29 2026
Both Air France-KLM and Lufthansa said Wednesday they had submitted bids to acquire a controlling stake in TAP Air …
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Profits soar at Airbus as it delivers more planes
Jul 29 2026
Airbus said Wednesday its net profit soared 47 percent in the first half of the year thanks to increased delivery of …
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Tech stocks plunge further but London market hits record high
Jul 29 2026
Global stock markets largely retreated Wednesday, with South Korea's index suffering one of its steepest plunges as …
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Rheinmetall shares surge after armsmaker reports record profit
Jul 29 2026
German armsmaker Rheinmetall on Wednesday reported record profit as the tank gun maker cashes in on Europe's rearmament …
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US Fed expected to hold rates steady as inflation hawks circle
Jul 29 2026
The US Federal Reserve is expected to hold interest rates steady on Wednesday, but with surging inflation fueled by …
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UBS second-quarter net profit up 17% to $2.8 billion
Jul 29 2026
Swiss banking giant UBS reported Wednesday that net profit rose 17 percent to $2.8 billion in the second quarter, driven …
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BMW aims to cut 8,000 jobs by end 2027: company source
Jul 29 2026
Premium carmaker BMW is to offer almost half its German staff voluntary redundancy in a bid to cut 8,000 jobs by the end …
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South Korean stocks plunge as tech rout deepens, oil rises
Jul 29 2026
South Korean stocks suffered one of their steepest plunges on Wednesday, with the blood-letting that has battered chip …
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South Korean stocks collapse amid Asian tech rout
Jul 29 2026
South Korean stocks suffered one of their steepest plunges on Wednesday, with the blood-letting that has battered chip …
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Hong Kong independent bookstores to close after police raid
Jul 29 2026
A Hong Kong bookshop raided by national security police this month announced on Wednesday that it would close after 50 …
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UBS says second-quarter net profit up 17% to $2.8 billion
Jul 29 2026
Swiss banking giant UBS reported Wednesday that net profit rose 17 percent to $2.8 billion in the second quarter, driven …
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Crude jumps on fresh Mideast flare-up, tech rout deepens
Jul 29 2026
Oil prices spiked Wednesday after a fresh flare-up of fighting in the Middle East that revived fears over supplies …
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SK hynix posts 1,200% net profit boost on AI chip boom
Jul 29 2026
South Korea's SK hynix said Wednesday second-quarter net profit soared a whopping 1,242 percent year-on-year, driven by …
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France needs more Canadair water bombers but building them is painfully slow
Jul 29 2026
As French firefighters struggle to contain the worst wildfires in living memory with just 12 aerial water bombers, …
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Airbus completes record 24-hour flight with plane to be used by Qantas
Jul 29 2026
A specially modified Airbus A350 plane touched down in France Tuesday after a record 24-hour test flight from Australia, …
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Senate advances sweeping Russia sanctions bill
Jul 29 2026
The US Senate advanced sweeping sanctions legislation targeting Russia's energy revenues Tuesday, as Ukrainian President …
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FIFA says it hopes to sell $4.2bn stake in its tournaments
Jul 29 2026
FIFA said Tuesday it plans to sell a stake in the business operations of the World Cup and its other competitions …
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US government bans humanoid robots manufactured abroad
Jul 29 2026
US President Donald Trump's administration on Tuesday added humanoid and quadruped robots to a list of products and …
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US to loosen environmental safeguards on space industry
Jul 28 2026
The United States on Tuesday said it plans to exempt its private space sector from numerous environmental regulations to …
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Fires in Europe: latest developments
Jul 28 2026
Here are the main developments related to the wildfires raging in Spain and France on Tuesday.
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Spain lets wildfire evacuees return but France fears flames spreading
Jul 28 2026
Spanish residents forced to flee some of the worst wildfires in living memory began returning to their homes on Tuesday …
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Spain allows wildfire evacuees to return but France fears flames spreading
Jul 28 2026
Spanish residents forced to flee some of the worst wildfires in living memory began returning to their homes on Tuesday, …
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AI glasses help propel EssilorLuxottica sales growth
Jul 28 2026
Sales of AI-enabled eyeglasses, which have nearly doubled since last year, helped EssilorLuxottica accelerate …
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Kering sales begin to recover as Gucci improves
Jul 28 2026
Improvement at troubled Italian fashion house Gucci helped sales at Kering edge high in the second quarter, the French …
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Boeing reports loss on Air Force One but sees progress in turnaround
Jul 28 2026
Boeing pointed Tuesday to broad-based revenue growth as evidence its comeback remains on track even as a $280 million …
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Tech stocks tank on AI jitters, oil falls further
Jul 28 2026
A rout in tech stocks on fresh concerns over the AI boom rattled equity markets on Tuesday.
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US Fed begins meeting with markets expecting steady interest rates
Jul 28 2026
The US Federal Reserve's key rate-setting committee opened a two-day meeting on Tuesday, with policymakers expected to …
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British drugs group GSK targets savings after profits slide
Jul 28 2026
British pharmaceutical giant GSK on Tuesday said it was targeting future annual savings of £1.9 billion ($2.5 billion) …
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Mercedes CEO urges German 'productivity offensive' as China woes hit profit
Jul 28 2026
Germany needs to cut costs and boost productivity, Mercedes-Benz boss Ola Kaellenius demanded Tuesday as he presented …
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US tariffs refund boosts Philips
Jul 28 2026
Dutch healthcare technology giant Philips bolstered its earnings outlook Tuesday after obtaining 186 million euros ($211 …
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Seoul, Tokyo lead fresh tech rout as most of Asia retreats
Jul 28 2026
South Korea's Kospi collapsed almost 11 percent on Tuesday as tech took a battering on another negative day for Asian …
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Seoul, Tokyo lead Asian plunge as tech stocks suffer fresh rout
Jul 28 2026
South Korea's Kospi collapsed almost 11 percent on Tuesday as tech took a battering on another black day for Asian stock …
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Why are tech stocks tanking?
Jul 28 2026
Investor jitters over how long the artificial intelligence spending boom will last and concern over Chinese competition …
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Made by AI? EU tells firms to stick a label on it from Sunday
Jul 28 2026
Deepfakes and other AI-generated content must be labelled from Sunday, as the European Union's sweeping artificial …
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IMF boss hails 'much sounder' Argentine economy under Milei
Jul 27 2026
International Monetary Fund managing director Kristalina Georgieva on Monday hailed Argentina's improved economic …
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Oil prices slump as US and Iran pause strikes
Jul 27 2026
Oil prices tumbled Monday as the United States and Iran paused tit-for-tat strikes, helping most stock markets climb at …
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Renault to face criminal trial in France over dieselgate
Jul 27 2026
Renault will face a criminal trial in France on aggravated fraud charges over accusations that devices in its diesel …
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LVMH says growth accelerates in second quarter
Jul 27 2026
LVMH, the world's top luxury group, said Monday that sales growth accelerated in the second quarter as it beat analyst …
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German sports carmaker Porsche to cut 5,000 jobs by 2035
Jul 27 2026
German luxury sports carmaker Porsche, a subsidiary of the Volkswagen Group, said Monday it would cut 5,000 jobs by 2035 …
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South Africa's Ramaphosa calls for African action on migration
Jul 27 2026
South African President Cyril Ramaphosa called on Monday for African countries to work together to manage migration, as …
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AstraZeneca profit rises on strong cancer drug sales
Jul 27 2026
British pharmaceutical giant AstraZeneca on Monday said net profit rose in the second quarter, driven once again by …
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Oil prices sink as US and Iran pause strikes
Jul 27 2026
Global stock markets rallied and oil prices tumbled Monday as the United States and Iran paused tit-for-tat strikes, at …
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Oil prices sink as US-Iran pause fuels fresh Hormuz hopes
Jul 27 2026
Oil prices tumbled on Monday as a pause in tit-for-tat strikes between the United States and Iran boosted hopes for a …
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Indonesia bank chief quits, adding uncertainty to struggling economy
Jul 27 2026
Indonesia's central bank governor has resigned early, the government said Monday, deepening uncertainty as the country …
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Chinese chipmaker CXMT soars 500% on debut as AI fuels shortages
Jul 27 2026
China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring more than 500 …
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Iran halts strikes as Trump gives space to talks
Jul 27 2026
Iran and the United States held their fire Monday, handing Gulf shipping and the oil industry a respite from missile …
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Chinese chipmaker CXMT soars more than 500% on debut
Jul 27 2026
China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring 500 percent on its …
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New AI tools let readers talk to books
Jul 27 2026
Imagine a world where you could ask a book a question as you read it.
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Indonesia central bank chief steps down early: govt
Jul 27 2026
Indonesia's central bank governor has resigned early as the country battles a weakening currency and other economic woes …
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Spanish wildfires intrude on holidaying foreign visitors
Jul 26 2026
Being indoors as much as possible was not the plan when Chicago attorney Thomas Fawkes, 49, arrived on holiday in Madrid …
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Iran says halts Middle East attacks as US holds fire
Jul 26 2026
Iran said on Sunday it has halted retaliatory attacks against US allies in the Middle East after Washington stopped its …
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US holds fire against Iran as reports emerge of stockpile concerns
Jul 26 2026
Iran passed another night without US airstrikes on Sunday, as Washington paused a war nearing its fifth month and …
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