Business and Economy



US-Vietnam trade deal sows new China uncertainty

AFP - 8m ago

Vietnam's trade deal with the United States averts the most punishing of Donald Trump's "reciprocal" levies but analysts …

Drought-hit Morocco turns to desalination to save vegetable bounty

AFP - 2h ago

On the drought-stricken plains of Morocco's Chtouka region, cherry tomato farms stretch as far as the eye can see, …

Asian stocks mixed as traders shrug at US-Vietnam trade deal

AFP - 2h ago

Stocks struggled in Asia on Thursday as investors gave a lukewarm reception to the US-Vietnam trade deal, while the …

In US capital, Trump tariffs bite into restaurant profits

AFP - 4h ago

Brazilian coffee beans, French champagne and Chinese teas -- drinks are a profit driver for US restaurants, but higher …

Fate of major trade deal with EU hangs over Mercosur summit

Jul 02 2025

The fate of a landmark trade deal with the European Union, which France is trying to block, loomed over a gathering of …

UK's Starmer backs finance minister after tears in parliament

Jul 02 2025

UK Prime Minister Keir Starmer on Wednesday said that finance minister Rachel Reeves would remain in her role for "a …

US stocks back at records as oil prices rally

Jul 02 2025

Major US stock indices closed at fresh records Wednesday following a US-Vietnam trade deal, while oil prices jumped …

US senator urges bribery probe over Trump-Paramount settlement

Jul 02 2025

A US senator renewed calls Wednesday for a bribery investigation into Paramount following its $16 million settlement …

Tesla reports lower car sales, extending slump

Jul 02 2025

Tesla reported another hefty drop in auto sales Wednesday, extending a difficult period amid intensifying electric …

Trump says Vietnam to face 20% tariff under 'great' deal

Jul 02 2025

President Donald Trump announced Wednesday that he had struck a trade deal with Vietnam under which the country would …

Wall Street shrugs off drop US private sector jobs

Jul 02 2025

Wall Street on Wednesday largely shrugged off data showing an unexpected drop in US private sector jobs and US President …

Tesla reports lower car sales but figures better than feared

Jul 02 2025

Tesla reported another hefty drop in auto sales Wednesday, extending a difficult period amid intensifying electric …

French court convicts ex-Ubisoft bosses for workplace harassment

Jul 02 2025

A French court sentenced three former Ubisoft executives on Wednesday to suspended prison terms for enabling a culture …

Stocks stuck as US private sector jobs disappoint, UK's Reeves future uncertain

Jul 02 2025

Stock markets were stuck Wednesday as US President Donald Trump ruled out a fresh tariffs delay and the US private …

UK govt backs finance minister after tears in parliament

Jul 02 2025

The British government said Wednesday that finance minister Rachel Reeves was "going nowhere" after she appeared visibly …

US private sector shed jobs for first time in recent years: ADP

Jul 02 2025

The US private sector unexpectedly lost jobs in June, according to data from payroll firm ADP on Wednesday, a potential …

Public or private? Funding debate splits reeling aid sector

Jul 02 2025

As cuts by rich donors decimate aid budgets for the world's most vulnerable, private financing has been touted as the …

Stocks diverge as tariffs deadline looms

Jul 02 2025

Stock markets diverged and the dollar rose Wednesday as US President Donald Trump ruled out a fresh delay to reciprocal …

Hong Kong to regain IPO crown this year, say PwC and Deloitte

Jul 02 2025

Hong Kong is expected to lead the world in IPO financing this year despite uncertainty from geopolitical tensions and …

Fire that closed Heathrow traced to unrepaired transformer

Jul 02 2025

A fire at an electrical substation that forced a shutdown at London's Heathrow Airport in March was likely caused by …

Asian markets mixed as trade deal cut-off looms

Jul 02 2025

Asian markets swung Wednesday amid trade war worries after Donald Trump said he would not push back next week's tariff …

'Writing is thinking': do students who use ChatGPT learn less?

Jul 02 2025

When Jocelyn Leitzinger had her university students write about times in their lives they had witnessed discrimination, …

Australian airline Qantas says hit by 'significant' cyberattack

Jul 02 2025

Australian airline Qantas said Wednesday it was investigating a "significant" cyberattack, after hackers infiltrated a …

India exporters cautiously optimistic as US tariff deadline looms

Jul 02 2025

Indian exporters are anxiously eyeing the possible reintroduction of Donald Trump's punishing tariffs next week, though …

Philippines biodiversity hotspot pushes back on mining

Jul 02 2025

A nickel stockpile towers over farmer Moharen Tambiling's rice paddy in the Philippines' Palawan, evidence of a mining …

Deal or no deal: What happens with Trump's July tariff deadline?

Jul 02 2025

A week before US President Donald Trump reimposes steep tariffs on dozens of economies, including the EU and Japan, many …

Global stocks mixed as markets track US trade deal prospects

Jul 01 2025

Global stocks were mixed Tuesday as markets monitored congressional progress on Donald Trump's massive tax and spending …

Big automakers report US sales jump on pre-tariff consumer surge

Jul 01 2025

Several leading automakers including Detroit giants General Motors and Ford reported increased US car sales in the …

UK govt guts key welfare reforms to win vote after internal rebellion

Jul 01 2025

UK Prime Minister Keir Starmer avoided a humiliating parliamentary defeat on key welfare reforms Tuesday, after making …

French league launches own channel to broadcast Ligue 1

Jul 01 2025

The French football league (LFP) announced on Tuesday the creation of its own channel to broadcast Ligue 1 matches next …

UN aid meeting seeks end to Global South debt crisis

Jul 01 2025

More than 100 nations attending a UN aid conference pledged this week to help defuse the ticking time bomb of developing …

Trump ramps up Musk feud with deportation threat

Jul 01 2025

Donald Trump and Elon Musk reignited their bitter feud Tuesday, with the US president threatening to deport the tech …

US Senate approves divisive Trump spending bill

Jul 01 2025

The Republican-led US Senate approved President Donald Trump's mammoth domestic policy bill Tuesday by the narrowest of …

IMF urges Swiss to strengthen bank resilience

Jul 01 2025

The International Monetary Fund on Tuesday urged Switzerland to strengthen the resilience of its banks and address the …

UK govt braces for crunch welfare reforms vote amid major rebellion

Jul 01 2025

UK Prime Minister Keir Starmer faced the most serious internal rebellion of his year-long premiership on Tuesday, as MPs …

Stocks diverge while tracking US trade deal prospects

Jul 01 2025

European stocks ended mixed on Tuesday while Wall Street indices diverged after marching towards records as investors …

US Republicans close in on make-or-break Trump mega-bill vote

Jul 01 2025

US senators raced towards a final vote Tuesday on President Donald Trump's mammoth domestic policy bill, as Republicans …

Trump ramps up Musk feud with deportation, DOGE threats

Jul 01 2025

Donald Trump and Elon Musk reignited their bitter feud Tuesday, with the US president threatening to deport the tech …

Stocks retreat as profit-taking follows Wall Street records

Jul 01 2025

US and European stocks were mostly lower on Tuesday after Wall Street indexes closed the second quarter at record highs, …

Trump says will 'take a look' at deporting Musk

Jul 01 2025

US President Donald Trump said Tuesday he could consider deporting Elon Musk, after the South African-born billionaire …

Greece starts charging tourist tax on cruises

Jul 01 2025

Greece on Tuesday began charging a tax on island cruise ships, the latest European effort to tackle soaring visitor …

US Senate push to pass Trump's unpopular spending bill enters second day

Jul 01 2025

Republican senators struggled Tuesday for a second day to pass President Donald Trump's flagship spending bill, which …

Stocks struggle tracking US trade deal prospects

Jul 01 2025

Most stock markets retreated Tuesday and the dollar dipped as investors weighed the prospect of US trade deals being …

UK govt faces major rebellion in welfare vote

Jul 01 2025

UK Prime Minister Keir Starmer faced the most serious internal rebellion of his year-long premiership on Tuesday with …

Indian capital bans fuel for old cars in anti-pollution bid

Jul 01 2025

India's capital banned fuel sales to ageing vehicles on Tuesday as authorities try to tackle the sprawling megacity's …

Asian stocks rise on trade deal hopes, Tokyo hit by Trump warning

Jul 01 2025

Asian stocks rose Tuesday amid optimism countries will strike US trade deals, but Tokyo's Nikkei sank after Donald Trump …

CBEX crypto scam: AI-hyped Ponzi scheme defrauds African investors

Jul 01 2025

Embarrassed and in debt, Edwin was left reeling after losing $16,000 to CryptoBridge Exchange (CBEX), one of the …

Asian stocks rise on trade deal hopes, Tokyo hit by tariff warning

Jul 01 2025

Asian stocks rose Tuesday amid optimism countries will strike US trade deals, though Tokyo's Nikkei sank after Donald …

US judge orders Argentina to sell 51% stake in oil firm YPF

Jul 01 2025

A federal judge in New York ordered Argentina on Monday to sell its majority stake in oil firm YPF, the latest blow to …

EPA employees accuse Trump administration of 'ignoring' science

Jun 30 2025

US President Donald Trump's administration is "ignoring the scientific consensus to benefit polluters," hundreds of …

Wall Street stocks rally further on trade and tax deal optimism

Jun 30 2025

Wall Street stocks pushed into new record territory on Monday amid optimism the United States would reach trade deals …

NASA eyes summer streaming liftoff on Netflix

Jun 30 2025

Streaming giant Netflix said Monday it will soon allow viewers to binge rocket launches and spacewalks through a …

Meta's AI talent war raises questions about strategy

Jun 30 2025

Mark Zuckerberg and Meta are spending billions to recruit top artificial intelligence talent, triggering debates about …

White House says Canada 'caved' to Trump on tech tax

Jun 30 2025

The White House said Monday that Canadian Prime Minister Mark Carney had "caved" to President Donald Trump, after Canada …

S.Africa's ex-transport bosses charged over Zuma-era graft case

Jun 30 2025

Four former executives at South Africa's failing transport company were arrested and charged Monday over allegations of …

Nigeria theme park offers escape from biting economy

Jun 30 2025

Guests poured in through an entry gate on the ground floor of a castle. Inside, vendors dressed as medieval court …

ADB acting on US concerns over China, bank chief tells AFP

Jun 30 2025

The Asian Development Bank was trying "very hard" to accommodate US concerns over lending to China, the bank's president …

UN chief urges aid surge in world of 'climate chaos, raging conflicts'

Jun 30 2025

UN chief Antonio Guterres urged the world to "rev up the engine of development" at an aid conference on Monday as US-led …

Wall Street stocks rally further on trade deal optimism

Jun 30 2025

Wall Street stocks pushed into record territory yet again on Monday amid optimism the United States would reach trade …

NGO loses bid to block UK export of military equipment to Israel

Jun 30 2025

The High Court in London rejected a legal challenge on Monday brought by a Palestinian rights group seeking to block the …

Stocks muted as investors eye US trade talks

Jun 30 2025

Global equities steadied Monday as investors kept tabs on countries' efforts to strike trade deals with the United …

Most Asian stocks rise as investors eye US trade talks

Jun 30 2025

Equities mostly rose Monday following a record-breaking day on Wall Street as investors kept tabs on countries' efforts …

'Embracing AI': TomTom cuts 300 jobs

Jun 30 2025

Dutch car navigation firm TomTom said on Monday that it was slashing 300 jobs, roughly 10 percent of its workforce, as …

Bangladesh's biggest port resumes operations as strike ends

Jun 30 2025

Bangladesh's biggest port resumed operations on Monday after customs officials called off a strike that had disrupted …

Tougher Singapore crypto regulations kick in

Jun 30 2025

Singapore ramped up crypto exchange regulations Monday in a bid to curb money laundering and boost market confidence …

China's top diplomat visits Europe pitching closer ties in 'volatile' world

Jun 30 2025

China's top diplomat heads to Europe on Monday for a visit which Beijing said will highlight ties as an "anchor of …

Canada rescinds tax on US tech firms in hopes of Trump trade deal

Jun 30 2025

Canada will rescind taxes impacting US tech firms that had prompted President Donald Trump to retaliate by calling off …

Meta spending big on AI talent but will it pay off?

Jun 30 2025

Mark Zuckerberg and Meta are spending billions of dollars for top talent to make up ground in the generative artificial …

Trump says 'very wealthy' group to buy TikTok

Jun 29 2025

President Donald Trump said Sunday a group of buyers had been found for TikTok, which faces a looming ban in the United …

Strike shuts down Bangladesh's biggest port

Jun 29 2025

Operations at Bangladesh's biggest port were suspended on Sunday as a strike by customs officials brought shipping …

Trump metal tariffs wreak havoc on US factory

Jun 29 2025

In the sweltering US summer, metal containers decorated with snowmen and sleighs are taking shape -- but tempers are …

'Eat the rich': Venice protests shadow Bezos wedding

Jun 28 2025

At least 500 protesters marched through Venice on Saturday, condemning Amazon founder Jeff Bezos's wedding to journalist …

Trump ends trade talks with Canada over tax hitting US tech firms

Jun 27 2025

President Donald Trump said Friday he is calling off trade negotiations with Canada in retaliation for taxes impacting …

US stocks back at records on US-China trade progress

Jun 27 2025

Wall Street stocks finished at fresh records Friday as US-China trade progress restored the market to its heights prior …

US inflation edges up as Trump renews criticism of Fed chief

Jun 27 2025

The US Federal Reserve's preferred inflation measure logged a mild uptick Friday while spending weakened, triggering …

Trump ends trade talks with Canada over tax on US tech firms

Jun 27 2025

President Donald Trump said Friday he is calling off trade negotiations with Canada in retaliation for taxes impacting …

US stocks hit record on US-China trade progress

Jun 27 2025

Wall Street climbed into record territory Friday as the United States and China moved closer to a trade deal and …

UK govt climbs down on welfare cuts in latest U-turn

Jun 27 2025

The UK government backed down Friday on controversial plans to slash disability and sickness benefits after a major …

US Fed's preferred inflation gauge picks up as tariff effects loom

Jun 27 2025

The US Federal Reserve's preferred measure of inflation edged up in May while spending weakened, government data showed …

Anna Wintour steps down as US Vogue editor after nearly 40 years

Jun 27 2025

Magazine legend Anna Wintour stepped down as editor of US Vogue on Thursday after 37 years during which she was often …

Stocks rise as US-China reach trade deal framework

Jun 27 2025

European stocks rose Friday as the United States and China moved closer to a trade deal and as hopes of a further delay …

Spain makes Booking.com scrap 4,000 tourist rental ads

Jun 27 2025

Online hotel booking giant Booking.com on Friday said it had taken down thousands of advertisements in Spain in the …

Dollar holds losses on rate cut bets, trade hope boosts stocks

Jun 27 2025

The dollar held around three-year lows Friday as traders ramp up bets on US interest rate cuts, while most stock markets …

China confirms trade deal framework reached with United States

Jun 27 2025

China confirmed on Friday details on the framework of a trade deal with the United States, saying Washington would lift …

Green bonds offer hope, and risk, in Africa's climate fight

Jun 27 2025

It only took two days for Nigeria to raise $59 million through green bonds -- part of a funding drive for climate and …

Stocks climb, dollar holds on trade hopes and rate bets

Jun 27 2025

Asian markets rose Friday on fresh trade hopes and the dollar held around three-year lows amid bets of cuts to US …

US Treasury signals G7 deal excluding US firms from some taxes

Jun 27 2025

US Treasury Secretary Scott Bessent signaled Thursday that a deal is forthcoming among G7 nations allowing US firms to …

Nike profits sink but company says it is turning a corner

Jun 26 2025

Nike reported sharply lower quarterly profits Thursday, but signaled it was past the worst stage of a corporate …

Dollar slides as Trump eyes new Fed boss

Jun 26 2025

The dollar hit a three-year low on Thursday as President Donald Trump eyed candidates to succeed Federal Reserve boss …

Facing EU deadline, Apple announces App Store changes

Jun 26 2025

Apple announced changes to its App Store payment rules in Europe as it hit a Thursday deadline to address accusations of …

Anna Wintour steps down as editor of US Vogue after nearly 40 years

Jun 26 2025

Magazine legend Anna Wintour is stepping down as editor of fashion bible US Vogue after 37 years in the post, US media …

Spain court suspends huge Ryanair 'abusive practices' fine

Jun 26 2025

A Spanish court on Thursday said it had temporarily suspended heavy fines the leftist government imposed on budget …

Nigeria's Tinubu signs major tax overhaul

Jun 26 2025

Nigerian President Bola Tinubu on Thursday signed four landmark bills into law aiming to overhaul the country's tax …

After NATO deal, how far will EU go for trade peace with Trump?

Jun 26 2025

After satisfying Donald Trump's calls for Europe to ramp up defence spending in NATO, EU leaders were meeting in …

Roblox's Grow a Garden explodes online video game numbers

Jun 26 2025

A gardening game created by a teenager on online platform Roblox has attracted a record 21 million simultaneous players, …

Bezos wedding festivities kick off in Venice

Jun 26 2025

VIPs whizzed by speed boat through Venice Thursday as the three-day wedding party of Amazon tycoon Jeff Bezos and Lauren …

US stocks rise, dollar slides as Trump eyes new Fed boss

Jun 26 2025

US stock markets rose and the dollar slid Thursday as President Donald Trump lined up candidates to succeed Federal …

Stocks mixed with eyes on Mideast, dollar hit by Trump Fed comment

Jun 26 2025

Stocks were mixed Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar …

H&M sales fall in second quarter on stronger currency

Jun 26 2025

Swedish fashion giant H&M on Thursday reported a drop in sales and profit in the second quarter, as currency effects …

Migrant money from Russia a lifeline for Central Asia

Jun 26 2025

In a remote town in southern Kyrgyzstan, teacher Nur Akhmatov watched workers building a library, conference hall and …

Global matcha 'obsession' drinks Japan tea farms dry

Jun 26 2025

At a minimalist Los Angeles matcha bar, powdered Japanese tea is prepared with precision, despite a global shortage …

Tech giants' net zero goals verging on fantasy: researchers

Jun 26 2025

The credibility of climate pledges by the world's tech giants to rapidly become carbon neutral is fading fast as they …