Business and Economy



Stocks steady as rate cut hopes bring Christmas cheer

AFP - 24m ago

Stock markets steadied on Tuesday, while gold and silver hit fresh records as optimism for US rate cuts helped investors …

Markets mostly rise as rate cut hopes bring Christmas cheer

AFP - 2h ago

Most markets rose on Tuesday, while gold and silver hit fresh records as optimism for more US interest rate cuts and an …

Outcry follows CBS pulling program on prison key to Trump deportations

AFP - 5h ago

The leadership of CBS News was facing accusations of political meddling on Monday over a last-minute decision to not air …

In Bulgaria, villagers fret about euro introduction

AFP - 5h ago

In Bilyana Nikolova's grocery store in Chuprene, a village in northwestern Bulgaria, prices are now displayed in levs …

Delayed US data expected to show solid growth in 3rd quarter

AFP - 6h ago

The US economy is expected to post another solid economic growth reading Tuesday, but the much-delayed figures likely …

Asian markets rally again as rate cut hopes bring Christmas cheer

AFP - 4h ago

Equities extended a global rally Tuesday, while gold and silver hit fresh records as optimism for more US interest rate …

US stocks push higher while gold, silver notch fresh records

Dec 22 2025

Wall Street stocks pushed higher Monday to begin a holiday-shortened trading week, while oil prices rallied amid …

Right wing urges boycott of iconic Brazilian flip-flops

Dec 22 2025

Prominent figures on Brazil's right wing are calling for a boycott of Havaianas, the iconic Brazilian flip-flop sandals, …

EU condemns China dairy duties as 'unjustified'

Dec 22 2025

The European Union hit out at China on Monday, saying it was "unjustified" for Beijing to impose duties of up to 42.7 …

Tech stocks lead Wall Street higher, gold hits fresh record

Dec 22 2025

Wall Street and Asian stock markets advanced on Monday, with tech stocks leading the way.

Billionaire Ellison offers personal guarantee for son's bid for Warner Bros

Dec 22 2025

Oracle tech tycoon Larry Ellison is offering a $40.4 billion personal guarantee to back Paramount's hostile bid for …

EU slams China dairy duties as 'unjustified'

Dec 22 2025

Brussels hit back Monday at China slapping duties of up to 42.7 percent on some dairy products from the European Union, …

Telefonica to shed around 5,500 jobs in Spain

Dec 22 2025

Telefonica will cut up to 5,500 jobs in Spain under a voluntary departure plan agreed with trade unions last week, the …

Italy fines Apple nearly 100 mn euros over app privacy feature

Dec 22 2025

Italy's competition authority said Monday it had fined the US tech giant Apple 98 million euros ($115 million) for …

EU to probe Czech aid for two nuclear units

Dec 22 2025

The European Commission said Monday it had opened an investigation to assess whether the Czech government's support plan …

Stocks diverge as rate hopes rise, AI fears ease

Dec 22 2025

Stock markets diverged Monday and gold hit a record high as the latest round of US data boosted hopes for more interest …

Asian markets rally with Wall St as rate hopes rise, AI fears ease

Dec 22 2025

Asian markets rallied Monday and gold hit a record high as the latest round of US data boosted hopes for more interest …

Swiss court to hear landmark climate case against cement giant

Dec 22 2025

A Swiss court has decided to hear a landmark climate case pitting residents of a tiny Indonesian island being swallowed …

US in 'pursuit' of third oil tanker in Caribbean: official

Dec 22 2025

The US Coast Guard was pursuing another allegedly sanctioned tanker on Sunday, a US official told AFP, as Washington …

CO2 soon to be buried under North Sea oil platform

Dec 22 2025

In the North Sea where Denmark once drilled for oil, imported European carbon dioxide will soon be buried under the …

India's Bollywood counts costs as star fees squeeze profits

Dec 22 2025

From fleets of private trailers to personal chefs and sprawling entourages, Bollywood stars' "obnoxious" demands are …

As US battles China on AI, some companies choose Chinese

Dec 22 2025

Even as the United States is embarked on a bitter rivalry with China over the deployment of artificial intelligence, …

Macron, on UAE visit, announces new French aircraft carrier

Dec 21 2025

French President Emmanuel Macron said on Sunday he had given the official go-ahead to replace his country's flagship, …

China's rare earths El Dorado gives strategic edge

Dec 21 2025

Buried in the reddish soil of southern China lies latent power: one of the largest clusters of crucial rare earths is …

Brazil's Lula, Argentina's Milei clash over Venezuela at Mercosur summit

Dec 20 2025

Brazilian President Luiz Inacio Lula da Silva and Argentina's Javier Milei on Saturday openly clashed at a regional …

Brazil's Lula asks EU to show 'courage' and sign Mercosur trade deal

Dec 20 2025

Brazilian President Luiz Inacio Lula da Silva on Saturday urged the European Union to show "courage" and sign a trade …

Mercosur meets in Brazil, EU eyes January 12 trade deal

Dec 20 2025

Representatives of the South American Mercosur bloc met in Brazil Friday, as EU diplomatic sources said a long-delayed …

Beetles block mining of Europe's biggest rare earths deposit

Dec 20 2025

As Europe seeks to curb its dependence on China for rare earths, plans to mine the continent's biggest deposit have hit …

Musk wins US court appeal of $56 bn Tesla pay package

Dec 20 2025

A Delaware appeals court cleared the way Friday for Elon Musk to receive a long-contested $56 billion Tesla pay package, …

Nasdaq rallies again while yen falls despite BOJ rate hike

Dec 19 2025

Resurgent artificial intelligence shares lifted the Nasdaq Friday for a second straight session while the yen retreated …

French court rejects Shein suspension

Dec 19 2025

A French court on Friday rejected the state's request to suspend Shein's site in France as "disproportionate" after the …

Stocks advance as markets cheer weak inflation

Dec 19 2025

Stock markets pushed higher on Friday as expectations for lower US interest rates continued to cheer investors.

US Fed official says no urgency to cut rates, flags distorted data

Dec 19 2025

A key US Federal Reserve official said Friday that he sees no need to rush to cut interest rates further, adding that …

Rome to charge visitors for access to Trevi Fountain

Dec 19 2025

Tourists will have to pay a two-euro entrance fee to get close to Rome's famous Trevi Fountain, which draws vast crowds …

Stocks advance with focus on central banks, tech

Dec 19 2025

Global stock markets mostly advanced on Friday as traders reacted to central bank activity and easing concerns over the …

EU agrees 90-bn-euro loan for Ukraine, without Russian assets

Dec 19 2025

EU leaders struck a deal Friday to provide Ukraine a loan of 90 billion euros to plug its looming budget shortfalls -- …

France's budget hits snag in setback for embattled PM

Dec 19 2025

A joint committee of French lawmakers on Friday failed to reach a compromise on the state budget for next year, …

Stocks mixed with focus on central banks, tech

Dec 19 2025

European stock markets steadied Friday after solid gains in Asia, as traders reacted to central bank activity and easing …

Japan hikes interest rates to 30-year-high

Dec 19 2025

The Bank of Japan hiked interest rates to a 30-year high on Friday and indicated more were in the pipeline as it said …

Asian markets rise as US inflation eases, Micron soothes tech fears

Dec 19 2025

Asian markets rose Friday as a below-forecast read on US inflation boosted hopes for another interest rate cut next …

TikTok signs joint venture deal to end US ban threat

Dec 19 2025

TikTok said Thursday it has signed a joint venture deal with investors that would allow the company to maintain …

Mexican low-cost airlines Volaris and Viva agree to merger

Dec 19 2025

Two of Mexico's top low-budget airlines said Thursday they had agreed to merge, setting up a deal that could create one …

Volatile Oracle shares a proxy for Wall Street's AI jitters

Dec 19 2025

For a reading of Wall Street's shifting mood on the artificial intelligence investment boom, take a look at the daily …

EU-Mercosur deal delayed as farmers stage Brussels show of force

Dec 19 2025

The signing of a trade deal between the EU and South American bloc Mercosur was pushed back to January on Friday, after …

TikTok: key things to know

Dec 19 2025

TikTok boasts over a billion users worldwide, including more than 170 million in the United States, it says -- nearly …

Trump signs $900 bn defense policy bill into law

Dec 19 2025

President Donald Trump signed a sweeping defense policy bill into law Thursday that signaled strong bipartisan support …

Nike shares slump as China struggles continue

Dec 18 2025

Nike reported a drop in quarterly profits Thursday, citing a drag from higher US tariffs and continued weakness in China …

Crunch time for EU leaders on tapping Russian assets for Ukraine

Dec 18 2025

EU leaders were locked in late-night talks Thursday over whether to use frozen Russian central bank assets to fund …

Stocks rise as US inflation cools, tech stocks bounce

Dec 18 2025

Equity markets mostly rose on Thursday as investors welcomed cool US inflation data while tech stocks bounced and …

Argentine unions in the street over Milei labor reforms

Dec 18 2025

Thousands of Argentines demonstrated on Thursday against President Javier Milei's plans to drastically overhaul the …

Brazil open to EU-Mercosur deal delay as farmers protest in Brussels

Dec 18 2025

Police fired teargas at farmers protesting the EU's planned trade deal with South American bloc Mercosur in Brussels …

Russian court orders Austrian bank Raiffeisen to pay compensation

Dec 18 2025

The largest Western bank still operating in Russia was on Thursday ordered to pay nearly $400 million in compensation …

Brussels farmer protest turns ugly as EU-Mercosur deal teeters

Dec 18 2025

Protesters lit fires and hurled potatoes at riot police who responded with teargas and water cannon in Brussels …

Zelensky presses EU to tap Russian assets at crunch summit

Dec 18 2025

Ukrainian President Volodymyr Zelensky told EU leaders Thursday they had the "moral" and legal right to use frozen …

US consumer inflation cools unexpectedly in November

Dec 18 2025

US consumer inflation slowed unexpectedly in November, delayed government data showed Thursday, although levels remained …

ECB holds rates as Lagarde stresses heightened uncertainty

Dec 18 2025

The European Central Bank held interest rates steady Thursday for its fourth meeting in a row but was tight-lipped on …

Trump Media announces merger with fusion power company

Dec 18 2025

Trump Media & Technology Group, the struggling company that owns the US president's Truth Social platform, announced …

ECB holds rates but debate swirls over future

Dec 18 2025

The European Central Bank held interest rates steady Thursday for its fourth meeting in a row and raised growth …

Bank of England cuts interest rate after UK inflation slides

Dec 18 2025

The Bank of England cut its key interest rate to 3.75 percent on Thursday after UK inflation eased faster than expected …

Spain to buy 100 military helicopters from Airbus

Dec 18 2025

Spain's defence ministry has ordered 100 helicopters from Airbus destined for deployment in various parts of its armed …

Tractors clog Brussels in anger at EU-Mercosur trade deal

Dec 18 2025

Hundreds of tractors converged on Brussels on Thursday in a show of farmers' anger at the EU's planned trade deal with …

European stocks rise before central bank decisions on rates

Dec 18 2025

Europe's main stock markets rose Thursday ahead of interest-rate decisions from the Bank of England and European Central …

British energy giant BP extends shakeup with new CEO pick

Dec 18 2025

British energy giant BP, which this year shelved targets on reducing carbon emissions, has appointed industry veteran …

EU kicks off crunch summit on Russian asset plan for Ukraine

Dec 18 2025

EU leaders kicked off a make-or-break summit Thursday on using frozen Russian assets to fund Ukraine, with key player …

Most Asian markets track Wall St lower as AI fears mount

Dec 18 2025

Most Asian markets sank Thursday after another sell-off on Wall Street as worries over the tech sector's colossal …

EU holds crunch summit on Russian asset plan for Ukraine

Dec 18 2025

EU leaders gather in Brussels Thursday for a make-or-break summit on using frozen Russian assets for Ukraine -- with key …

Trump vows economic boom, blames Biden in address to nation

Dec 18 2025

President Donald Trump promised Americans an economic boom in an address to the nation on Wednesday, while blaming …

What to know about the EU-Mercosur deal

Dec 18 2025

Squabbles over the EU-Mercosur trade deal are likely to punctuate a European Union summit in Brussels on Thursday.

ECB set to hold rates but debate swirls over future

Dec 18 2025

The European Central Bank is expected to hold interest rates steady Thursday for its fourth meeting in a row as …

Asian markets track Wall St lower as AI fears mount

Dec 18 2025

Asian markets sank Thursday after another sell-off on Wall Street as worries over the tech sector's colossal spending on …

What's next for Venezuela under the US oil blockade?

Dec 18 2025

A US blockade of Venezuelan oil shipments could slash production and halve exports of the country's most valuable …

Nasdaq tumbles on renewed angst over AI building boom

Dec 17 2025

Tech shares suffered another bout of weakness Wednesday on worries about an AI bubble, hitting US stocks as oil prices …

Brazil threatens to walk if EU delays Mercosur deal

Dec 17 2025

EU plans to seal a vast trade deal with South American bloc Mercosur this week were thrown into disarray Wednesday after …

Oscars to stream exclusively on YouTube from 2029

Dec 17 2025

The Oscars will be shown only on YouTube from 2029, the Academy said Wednesday, in a radical gambit for a movie industry …

Oscars to stream exclusively on YouTube from 2029: Academy

Dec 17 2025

The Oscars will be available to watch exclusively on YouTube from 2029, the Academy of Motion Picture Arts and Sciences …

CNN's future unclear as Trump applies pressure

Dec 17 2025

CNN is heading into an uncertain future with its parent company Warner Bros. Discovery (WBD) destined for a takeover -- …

Crude prices surge after Trump orders Venezuela oil blockade

Dec 17 2025

Oil prices surged on Wednesday after US President Donald Trump ordered a blockade of "sanctioned" oil tankers heading to …

Netflix to launch FIFA World Cup video game

Dec 17 2025

Netflix is set to release a FIFA football simulation game exclusively on its gaming platform in summer 2026, timed to …

German MPs approve 50 bn euros in military purchases

Dec 17 2025

German lawmakers Wednesday approved about 50 billion euros ($59 billion) in military purchases, as Berlin accelerates …

EU's Mercosur trade deal hits French, Italian roadblock

Dec 17 2025

EU plans to seal a vast trade deal with South American bloc Mercosur this week were thrown into disarray Wednesday as …

Warner Bros rejects Paramount bid, sticks with Netflix 

Dec 17 2025

Warner Bros. Discovery on Wednesday rejected a hostile takeover bid by Paramount launched last week to trump plans by …

Balkan nations offer lessons on handling cow virus sowing turmoil

Dec 17 2025

An outbreak of a highly contagious cattle disease has left France, the world's top exporter of live animals, struggling …

Warner Bros. Discovery rejects Paramount bid 

Dec 17 2025

Warner Bros. Discovery on Wednesday rejected a hostile takeover bid by Paramount launched last week to trump plans by …

Stocks gain as traders bet on interest rate moves

Dec 17 2025

London's stock market rallied Wednesday as the pound faltered on expectations of cuts to Bank of England interest rates, …

Bleak end to the year as German business morale drops

Dec 17 2025

German business sentiment fell to its lowest level in seven months in December, a survey showed Wednesday, with Europe's …

Markets rise even as US jobs data fail to boost rate cut bets

Dec 17 2025

Equities mostly rose Wednesday even as US jobs data did little to boost expectations for another interest rate cut next …

Asian markets mixed as US jobs data fails to boost rate cut hopes

Dec 17 2025

Asian equities were mixed on Wednesday as US jobs data did little to boost expectations for another interest rate cut …

Trump orders blockade of 'sanctioned' Venezuela oil tankers

Dec 17 2025

US President Donald Trump announced Tuesday a blockade of "sanctioned oil vessels" heading to and leaving Venezuela, …

Asian markets drift as US jobs data fails to boost rate cut hopes

Dec 17 2025

Asian equities fluctuated on Wednesday as mixed US jobs data did little to boost expectations for another interest rate …

Trump says orders blockade of 'sanctioned' Venezuela oil tankers

Dec 17 2025

US President Donald Trump announced Tuesday a blockade of "sanctioned oil vessels" heading to and leaving Venezuela, …

Netflix boss promises Warner Bros films would still be seen in cinemas

Dec 16 2025

Netflix will continue to distribute Warner Bros. films in cinemas if its takeover bid for the storied studio is …

Stocks mostly retreat on US jobs, oil drops on Ukraine hopes

Dec 16 2025

Stock markets mostly fell Tuesday as the US jobless rate hit its highest level since 2021, while oil prices slumped on …

Tepid 2026 outlook dents Pfizer shares

Dec 16 2025

Pfizer signaled Tuesday it expects a challenging 2026 as it invests in new products to offset declines in Covid-19 …

EU weakens 2035 combustion-engine ban to boost car industry

Dec 16 2025

The EU on Tuesday walked back a 2035 ban on new petrol and diesel cars seen as a milestone in the fight against climate …

China to impose anti-dumping duties on EU pork for five years

Dec 16 2025

China will impose anti-dumping duties on European Union pork imports for five years, but at lower rates than temporary …

Stocks retreat on US jobs, oil drops on Ukraine hopes

Dec 16 2025

Stock markets fell Tuesday as the US jobless rate hit its highest level since 2021, while oil prices slumped on renewed …

VW stops production at German site for first time

Dec 16 2025

The last car rolled off the production line at a Volkswagen site in Dresden on Tuesday, marking the first time in …

EU eases 2035 combustion-engine ban to boost car industry

Dec 16 2025

The EU on Tuesday walked back a 2035 ban on new petrol and diesel cars seen as a milestone in the fight against climate …

US unemployment rises further, hovering at highest since 2021

Dec 16 2025

The US jobless rate picked up again in November, hovering at its highest level in four years, official data showed …

Serbian President blames 'witch hunt' for ditched Kushner hotel plan

Dec 16 2025

Plans to build a hotel on the site of Belgrade's bombed-out Yugoslav army headquarters have been dumped, the country's …

BBC says will fight Trump's $10 bn defamation lawsuit

Dec 16 2025

The BBC said Tuesday it would fight a $10-billion lawsuit brought by US President Donald Trump against the British …