Business and Economy



COP31 faces tough test as climate threats mount

AFP - 8m ago

Nearly 200 nations gather for the COP31 summit in Turkey on Monday but tensions over geopolitics, finance and fossil …

Paraguay Senate begins president impeachment trial

AFP - 24m ago

The impeachment trial of Paraguay's President Santiago Pena began Friday in the Senate, three days after the implosion …

Tech stocks bounce but fail to recover losses

AFP - 25m ago

Tech stocks bounced on Wall Street Friday but failed to fully recover from the previous day's rout on fears that the …

More than 400,000 German workers take action for higher pay

AFP - 52m ago

More than 400,000 workers from sectors ranging from car-making to mechanical engineering joined strikes and rallies …

Ireland suspects 'co-ordinated' campaign as Europe bomb hoaxes widen

AFP - 57m ago

Ireland's government said Friday that hoax bomb claims sent to Irish media outlets amid a spate of threats against …

US job growth beats expectations in October

AFP - 19m ago

Employment in the United States grew by 165,000 jobs in October, far exceeding analysts' expectations, with the …

Paraguay Senate rejects bid to delay president impeachment trial

AFP - 1h ago

Paraguay's Senate on Friday rejected President Santiago Pena's bid to delay his impeachment trial over a banking scandal …

Turkey eyes energy self-sufficiency by 2040 but no coal exit yet

AFP - 1h ago

Poised to host the COP31 climate summit, Turkey on Friday unveiled an ambitious $500 billion roadmap for electrifying …

An AI reckoning? Investors brace for potential fallout

AFP - 2h ago

"Correction" is not the word investors want to hear, but the stampede out of AI and technology stocks this week has …

'Pit of hell': Turkish mum, daughter lead fight against coal mine

AFP - 3m ago

Near her village in southwestern Turkey, Nejla Isik walks through what remains of the devastated Akbelen forest, pausing …

Musk's futuristic Cybertruck rolls toward exit

AFP - 2h ago

Production of Cybertrucks -- the pickups hailed by enthusiasts as a symbol of Elon Musk's futuristic ambitions and …

Paraguay president, facing impeachment, seeks more time to prep defense

AFP - 1h ago

Paraguayan President Santiago Pena, who is facing impeachment proceedings following a banking scandal that has affected …

Ikea banks on price cuts, more city centre stores after lacklustre year: CEO to AFP

AFP - 2h ago

Ikea, the world's biggest furniture retailer, saw profits fall in its latest financial year but is counting on price …

EU tells TikTok to change 'harmful' For You feed

AFP - 2h ago

The EU told TikTok on Friday to change the "harmful" design of its personalised For You feed or risk large fines under …

US job growth tops expectations in October

AFP - 2h ago

Employment in the United States grew by 165,000 jobs in October, far exceeding analysts' expectations, with the …

EU investigating fraud in Spain's deadly crash rail line

AFP - 4h ago

The European Union is investigating the possible misuse of EU funds earmarked for the renovation of a Spanish railway …

Turkey ex-minister arrested in fund scandal probe

AFP - 5h ago

A Turkish former minister and senior ruling party official was placed in detention pending trial on Friday as part of an …

Tech stocks suffer bloodbath as US midterms fuel AI fears

AFP - 1h ago

Technology shares plunged Friday after an unnerving rout on Wall Street as fears grew that Democrats would accelerate a …

Balenciaga taps British designer Martine Rose as creative lead

AFP - 3h ago

French luxury group Kering said Friday that British designer Martine Rose would take over at Balenciaga, following the …

Auto sector propels growth in German factory output

AFP - 6h ago

A rebound in car production gave German factory output a bigger boost than expected in September, official data showed …

Tech firms suffer bloodbath as US midterms fuel AI fears

AFP - 3h ago

Tech firms suffered a bloodbath Friday as investors tracked a collapse on Wall Street fuelled by fears that Democrats …

Beijing seeks to bolster AI shares

AFP - 8h ago

After recent sharp drops for some Chinese tech stocks, Beijing is trying to prop them up -- seeing the sector, and in …

Paraguay president steps down as banking crisis sows chaos

AFP - 7h ago

A banking scandal that left almost half Paraguay's population without access to their savings prompted President …

Tokyo demands Moscow release seized Japan Tobacco assets

AFP - 10h ago

Tokyo said Friday it had demanded the immediate release of Japan Tobacco's assets seized in Russia, as relations with …

German carmakers hit a dead end as China drives past

AFP - 10h ago

After decades of making bumper profits in China, Germany's carmakers have run out of road and sales have slumped …

'Grand Theft Auto' set for blockbuster return after 13 years

AFP - 11h ago

Fans of the violent "Grand Theft Auto" video game franchise are just two weeks away from getting their hands on the …

Canada budget vows to reduce reliance on US

Nov 05 2026

Canada unveiled a budget on Thursday that calls for "economic independence" and says that while reducing its reliance on …

Silicon Valley faces Democratic reckoning after betting on Trump

Nov 05 2026

Silicon Valley bosses who spent two years cozying up to US President Donald Trump now face a Democratic Congress already …

Nasdaq slumps 5.5% on worries US elections will derail AI data centers

Nov 05 2026

Wall Street stocks tumbled Thursday as the market fixated on worries that this week's US midterm election results could …

Canada budget calls for 'economic independence,' shift from US

Nov 05 2026

Canada unveiled a budget on Thursday that calls for "economic independence" and says that while reducing its reliance on …

New hoax bomb threats hit European flights

Nov 05 2026

Italian, French and Bulgarian fighter jets scrambled Thursday as about 20 commercial flights were hit by a third day of …

Pierpaolo Piccioli quits as creative director at Balenciaga

Nov 05 2026

Italian designer Pierpaolo Piccioli has quit as creative director at Balenciaga, the fashion house's parent company …

Big tech, green groups in talks over data center guardrails

Nov 05 2026

A coalition of tech giants and environmental groups is negotiating a national framework for data centers, according to a …

Stocks slide as investors worry about data centre backlash

Nov 05 2026

Tech stocks tumbled on Wall Street Thursday on concerns over the future of AI data centre projects following the US …

Stock markets diverge, oil prices rebound tracking Trump and AI

Nov 05 2026

Stock markets diverged Thursday as traders weighed President Donald Trump's hefty defeat in the US midterm elections …

Stock markets diverge, oil prices steady tracking Trump and AI

Nov 05 2026

Stock markets diverged Thursday as traders weighed President Donald Trump's hefty defeat in the US midterm elections …

Nintendo producer 'all nervous' as Zelda classic remake hits shelves

Nov 05 2026

He has been behind some of Nintendo's biggest hits, but producer Eiji Aonuma still feels "nervous" as he awaits players' …

Tech hit by new AI worries on positive day for most markets

Nov 05 2026

Tech firms tumbled Thursday as investors contemplated the outlook for the AI boom after Democrats swept the US midterms, …

Bangladesh garment workers largely return after wage protests

Nov 05 2026

Garment workers in Bangladesh largely resumed work on Thursday after days of wage protests, although some factories …

Nintendo quarterly net profit drops as Switch 2 unit sales slow

Nov 05 2026

Japanese gaming giant Nintendo reported a drop in quarterly net profit on Thursday as unit sales slowed for its Switch 2 …

Toyota hikes profit forecasts on strong demand, weak yen

Nov 05 2026

Japanese car giant Toyota raised its full-year profit forecasts on Thursday on the back of strong demand for hybrid …

Turkey showcases renewables surge, but leaves coal intact

Nov 05 2026

On a windy hillside about an hour's drive northwest of Istanbul, the Catalca power plant was one of Turkey's first …

Bread shortage threatens to plunge more Sudanese into hunger

Nov 05 2026

Nearly three and a half years into Sudan's unrelenting war, soaring costs and a nosediving currency have left people …

Bank of England set to raise rate as inflation jumps

Nov 05 2026

The Bank of England is expected to raise on Thursday its benchmark interest rate for the first time in more than three …

Paraguay opposition seeks president's removal over banking crisis

Nov 05 2026

The Paraguayan opposition presented a motion to remove President Santiago Pena from office over the Central Bank's …

Canada unveils budget to curb reliance on US

Nov 05 2026

Canadian Prime Minister Mark Carney's government presents its budget on Thursday, a plan designed to reduce US reliance, …

French bank says cyberattack stole around $100 mn

Nov 05 2026

French regional bank Credit Mutuel Arkea said Wednesday it had been the victim of a cyberattack that allowed fraudulent …

California billionaire tax proposal heading for defeat: partial results

Nov 04 2026

A proposal to levy a one-off tax on billionaires in California appeared to be headed for defeat Wednesday in a vote …

Stocks surge, oil tumbles after Trump's election rout

Nov 04 2026

Wall Street stocks surged Wednesday as markets greeted the resolution of US midterm elections while oil prices tumbled …

The economic drivers of US Republicans' rout at polls

Nov 04 2026

Republicans routed in the midterm elections may need look no further than Bill Clinton's 1992 presidential campaign …

Voters in US capital say 'oui' to foie gras ban

Nov 04 2026

The production and sale of foie gras is set to become illegal in Washington after voters in the US capital …

Stocks surge after Trump's election rout

Nov 04 2026

Share prices surged on Wednesday as traders digested President Donald Trump's heavy defeat in US midterm elections, …

ECB chief urges eurozone to adapt faster to climate change

Nov 04 2026

European Central Bank chief Christine Lagarde on Wednesday urged the eurozone to adapt faster to climate change as the …

Bangladesh to increase garment sector pay after protests

Nov 04 2026

Bangladesh's garment wage board agreed on Wednesday to raise minimum pay in the key export sector, but details remained …

Dollar and oil drop after Trump's election rout

Nov 04 2026

The dollar and oil prices dropped on Wednesday as traders digested President Donald Trump's heavy defeat in US midterm …

Democratic victories cloud outlook for AI data center rollout

Nov 04 2026

Strong wins for Democratic candidates threaten the prospects for energy-guzzling data centers in key US states, …

French regional bank says cyberattack caused 'fraudulent transactions'

Nov 04 2026

French regional bank Credit Mutuel Arkea said Wednesday it had been the victim of a cyberattack that allowed fraudulent …

BMW to step up job cuts as China woes deepen

Nov 04 2026

BMW said Wednesday that it would step up planned job cuts as it reported a drop in third-quarter profit, hit by …

Google unveils $15 bn data centre investment in Malaysia

Nov 04 2026

Google announced plans on Wednesday to invest $15 billion in Malaysia over the next two years to build data centres and …

'Fewer and fewer': Dry summer hits Italy truffle season

Nov 04 2026

After an excessively dry summer, black truffles are becoming few and far between in the misty hills of the Piedmont …

Bangladesh to increase garment sector pay: wage board

Nov 04 2026

Bangladesh's garment industry wage board said on Wednesday it had agreed to raise the minimum wage for workers in the …

Most stocks rise, dollar drops as Democrats take control of Congress

Nov 04 2026

Stock markets mostly rose Wednesday as investors assessed the impact of a Democratic sweep of Congress that dealt a blow …

Stocks and dollar drop as Democrats enjoy big early wins

Nov 04 2026

Asian stocks were mixed Wednesday as investors tried to ascertain the impact of a Democratic sweep of Congress that …

Apple AI tools come to China after two-year delay

Nov 04 2026

Apple began on Wednesday a long-delayed trial rollout of in-house artificial intelligence tools for Chinese users, …

Binance reveals hackers used fake job interviews, malicious code in $6-bn heist

Nov 04 2026

Binance released on Tuesday a detailed investigation into the $6 billion hack of its cryptocurrency platform, showing …

US stocks end mostly up as markets await election results

Nov 03 2026

Wall Street stocks finished mostly higher as oil prices continued to pull back while markets awaited results from US …

Spanish transport minister offers resignation after deadly train crash

Nov 03 2026

Spain's transport minister handed in his resignation on Tuesday following a train crash that killed 69 people last week, …

At least 11 European countries snared in freezer cyberattacks

Nov 03 2026

Germany, Romania and the UK on Tuesday joined the growing list of European nations hit by cyberattacks on supermarket …

BMW issues second profit warning in a year

Nov 03 2026

Premium German carmaker BMW issued its second profit warning for the financial year on Tuesday, citing costs related to …

Italy holds security talks after European freezer cyberattacks

Nov 03 2026

Italy's government held emergency talks with intelligence chiefs on Tuesday following cyberattacks on supermarket …

Stocks wobble on concerns over AI and US midterms

Nov 03 2026

Stock markets wavered Tuesday amid growing nervousness about the debt-fuelled spending by AI heavyweights, though the …

Stocks slip on AI fears, all eyes on US midterms

Nov 03 2026

Stock markets wavered Tuesday amid growing nervousness about the debt-fuelled spending by AI heavyweights, though the …

Unions urge South Africa to save US duty-free trade deal

Nov 03 2026

South African unions urged the government Tuesday to work to save a US duty-free trade deal that supports thousands of …

Spain says to work 'tirelessly' to restore trust in trains after disasters

Nov 03 2026

Spain will work "tirelessly" to restore confidence in its high-speed trains, the transport minister said Tuesday, after …

Lufthansa latest airline to flag ticket price hikes amid Iran war energy shock

Nov 03 2026

Lufthansa on Tuesday became the latest airline to warn that ticket prices will rise further, as it forecast a …

German auto crisis deepens as supplier cuts over 3,000 jobs

Nov 03 2026

German auto parts supplier Schaeffler said Tuesday that it planned to cut almost 3,500 jobs and close five sites in …

Stocks drop on AI fears, eyes on US midterms

Nov 03 2026

Stock markets struggled Tuesday following another AI-fuelled tech selloff on Wall Street and as investors turned their …

Virgin Media O2 to cut thousands of jobs and slash costs

Nov 03 2026

British telecoms group Virgin Media O2 said Tuesday that it would cut thousands of jobs in a sweeping cost-saving …

Bangladesh garment workers clash with police, defy call to end protests

Nov 03 2026

Paramilitary forces were deployed in industrial suburbs around the Bangladesh capital as protests by garment sector …

Stocks mostly down on AI concerns as oil prices bounce after plunge

Nov 03 2026

Asian stock markets struggled Tuesday following another AI-fuelled tech selloff on Wall Street that overshadowed a …

Philips says reached deal 'in principle' with US over sleep machine recall

Nov 03 2026

Dutch electronics and medical device manufacturer Philips said Tuesday it had reached a deal "in principle" with US …

German auto crisis deepens as supplier announces job cuts, site closures

Nov 03 2026

German auto parts supplier Schaeffler said Tuesday that it planned to cut almost 3,500 jobs and close five sites in …

Stocks mostly down as AI concerns drag on sentiment

Nov 03 2026

Asian stock markets struggled Tuesday following another AI-fuelled tech selloff on Wall Street that overshadowed a …

Lufthansa says 2026 fuel costs to be 2 bn euros higher amid Iran war

Nov 03 2026

German airline giant Lufthansa said Tuesday it expects its 2026 fuel costs to be two billion euros ($2.24 billion) …

Living costs, housing, job uncertainty fuel European youth anger

Nov 03 2026

Countries across Europe have been swept by a wave of protests by young people angry at the spiralling cost of living who …

Australian central bank lifts key interest rate to 18-year high

Nov 03 2026

Australia's central bank raised its key interest rate to a 18-year high on Tuesday, citing the prolonged war in the …

Stocks mostly down as AI concerns top plunge in oil prices

Nov 03 2026

Asian stock markets struggled Tuesday following another AI-fuelled tech selloff on Wall Street that overshadowed a …

Sea drone makers compete in Taiwan for soaring investment

Nov 03 2026

Silver-hulled sea drones skim across the water as part of an exhibition in Taiwan where local and foreign companies are …

Fridge cyberattack hits supermarkets across Europe

Nov 03 2026

A suspected cyberattack hit grocery stores across at least nine European countries on Monday, prompting the EU to warn …

Apple beats sales and profit expectations but AI costs weigh on holiday sales

Nov 02 2026

Apple exceeded analysts' expectations for its latest results on Monday when the iPhone-maker said it notched a "revenue …

US to exclude South Africa, Rwanda from Africa duty-free trade deal

Nov 02 2026

The United States said on Monday it would remove South Africa and Rwanda from a major Africa-US trade preference …

Oil prices plunge on US-Iran detente hopes ahead of US midterms

Nov 02 2026

Oil prices tumbled more than seven percent on Monday, the eve of crucial midterm elections in the United States, as …

Storied Paris department store receives bankruptcy protection

Nov 02 2026

A court on Monday granted bankruptcy protection to iconic Paris department store BHV Marais, which sparked controversy …

Anthropic says revenue surged 1,100 percent ahead of IPO

Nov 02 2026

Anthropic, one of the world's leading artificial intelligence companies, on Monday reported a more than 1,100 percent …

Caught cold: fridge cyberattack highlights internet gadget weaknesses

Nov 02 2026

Cyberattacks affecting supermarket refrigeration systems in several European countries on Monday highlighted the risks …

Marvell, Lumentum merge in $115 bn deal amid AI spending jitters

Nov 02 2026

US chipmaker Marvell Technology said Monday it will buy optical components maker Lumentum in a $115 billion all-stock …

Oil prices plunge on US-Iran detente hopes ahead of midterms

Nov 02 2026

Oil prices sank around seven percent on Monday, the eve of crucial midterm elections in the United States, as signals …

Ryanair looks to freeze wages, hike fares as fuel prices soar

Nov 02 2026

Irish no-frills airline Ryanair said Monday it would launch a cost-cutting drive and hike fares next year to help offset …

Bangladesh garment workers clash with police protesting higher wages

Nov 02 2026

Thousands of striking Bangladeshi garment workers clashed with police on Monday, demanding a monthly minimum wage more …

Oil prices sink on US-Iran detente hopes ahead of midterms

Nov 02 2026

Oil prices sank more than six percent on Monday, the eve of crucial midterm elections in the United States, as signals …

Belgian PM offers to quit over budget impasse

Nov 02 2026

Belgian Prime Minister Bart De Wever tendered his resignation to King Philippe on Monday as coalition talks deadlocked …

Germany says gas supplies 'secured' after missing storage target

Nov 02 2026

Germany insisted Monday that it would have enough gas for the winter despite missing a storage target as the Middle East …