Business and Economy
Crude stable after Israel-Iran surge, Hong Kong stocks resume gains
AFP - 1h ago
Oil prices stabilised Friday after soaring on fears about the Middle East crisis as investors await Israel's response to …
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EU states set to greenlight extra tariffs on EVs from China
AFP - 3h ago
EU countries are expected to confirm Friday hefty tariffs on electric cars made in China, a move dividing the bloc as …
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US dockworkers to head back to work after tentative deal
AFP - 3h ago
US dockworkers will return to work after a three-day strike at East and Gulf Coast ports after the union and port …
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AI bubble or 'revolution'? OpenAI's big payday fuels debate
AFP - 3h ago
Fear of missing out has rocketed the value of artificial intelligence companies, despite few signs as to when the …
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One job by day, another by night as US voters make ends meet
AFP - 3h ago
At 21 years old, Zackree Kline works at a funeral parlor and as a waiter, clocking 60 hours a week to get by -- a …
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Oil prices jump, stocks fall on Middle East tensions
Oct 03 2024
Oil prices surged and major stock markets mostly retreated Thursday as investors reacted to fears of widening conflict …
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Dockers end three-day strike at Montreal port
Oct 03 2024
Dockworkers at the port in Montreal, the second-largest in Canada, ended a partial three-day strike as scheduled on …
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Canadian auto parts magnate faces more sexual assault charges
Oct 03 2024
Three more women have come forward with sexual assault accusations against Frank Stronach, the founder of Magna …
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What next for OpenAI after $157 billion bonanza?
Oct 03 2024
ChatGPT-maker OpenAI has become an AI powerhouse after securing Silicon Valley's largest-ever funding round. The company …
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Israel-Hamas war causes 86-percent dive in Gaza GDP: IMF
Oct 03 2024
A year of conflict between Israel and Hamas has resulted in a "devastating impact on the economy" in the occupied West …
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Revolut urges Meta to step up on cyber fraud reimbursement
Oct 03 2024
British online bank Revolut on Thursday urged Facebook owner Meta to reimburse victims of password security breaches, …
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Sri Lanka's new president seek changes to IMF deal
Oct 03 2024
Sri Lanka's new president Thursday urged the IMF to consider "alternative means" to continue with a $2.9 billion bailout …
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Relief in Brazil, Asia over delay to EU deforestation rules
Oct 03 2024
Brazil's government on Thursday joined Asian palm oil and coffee producers in welcoming a European Union decision to …
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Climate change, economics muddy West's drive to curb Chinese EVs
Oct 03 2024
China's meteoric rise as the world's powerhouse of electric vehicle production makes Western efforts to curb their …
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Oil prices rise, stocks fall on Middle East tensions
Oct 03 2024
Oil prices rose and major stock markets mostly retreated Thursday as investors reacted to fears of widening conflict in …
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Oil rallies, stocks mostly retreat on Middle East tensions
Oct 03 2024
Oil prices jumped and major stock markets mostly retreated Thursday as investors reacted to fears of widening conflict …
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Turkish inflation falls less than expected in September at 49.4%
Oct 03 2024
Turkish annual inflation slowed less than expected in September to 49.4 percent, official data showed Thursday, a figure …
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'Welcome relief': Asia producers hail EU deforestation law delay
Oct 03 2024
Producers from Malaysia's palm oil industry to Vietnam's coffee sector on Thursday welcomed a European Union decision to …
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Easing inflation lifts profit at UK supermarket Tesco
Oct 03 2024
Supermarket group Tesco, Britain's biggest retailer, said Thursday that net profit gained in its first half as cost …
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Japan PM slated to announce plans for 'happiness index'
Oct 03 2024
Japan's Prime Minister Shigeru Ishiba will propose a new happiness index during his first parliamentary policy speech on …
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Tokyo rallies on weak yen, Hong Kong drops after surge
Oct 03 2024
Japanese shares rallied Thursday as the yen extended losses after the country's new prime minister dampened interest …
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Skiing calls on UN climate science to combat melting future
Oct 03 2024
World skiing's governing body joined forces with the UN's weather agency on Thursday in a bid to feed its meteorological …
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China wine industry looks to breed climate resilience
Oct 03 2024
At a laboratory in Beijing, purple and green hybrid-species grapes are laid out on a board for testing, part of the …
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'People will come back': Kazakhstan debates nuclear future
Oct 03 2024
In the semi-abandoned village of Ulken on a giant steppe, Anna Kapustina, a mother of five, hopes controversial plans to …
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Dutch airline KLM unveils 'firm' cost-cutting measures
Oct 03 2024
Dutch airline KLM on Thursday announced a sweeping package of "firm" cost-cutting measures it hopes will lead to a boost …
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Senegal looks to aquaculture as fish stocks dwindle
Oct 03 2024
The Senegalese town of Kayar sits on the doorstep of the vast Atlantic Ocean, but it is a farm located further inland …
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TotalEnergies plans to grow oil and gas production until 2030
Oct 03 2024
French energy giant TotalEnergies has announced plans to increase its oil and gas production until 2030, as it seeks to …
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Tokyo rallies on weak yen, Hong Kong reverses after surge
Oct 03 2024
Japanese shares rallied Thursday as the yen extended losses after the new prime minister dampened interest rate hike …
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Biden official urges talks as US port strike enters second day
Oct 03 2024
US dockworkers picketed for a second day Wednesday, garnering support from other labor groups as the Biden …
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Rally in oil prices loses steam on mixed day for global stocks
Oct 02 2024
A rally in oil prices faded Wednesday as worries over Middle Eastern tensions appeared to recede somewhat while US stock …
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Historic funding round values OpenAI at $157 billion
Oct 02 2024
OpenAI, the company behind ChatGPT, secured $6.6 billion in new funding, propelling its valuation to $157 billion and …
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Biden official says port strike deal not as far as parties think
Oct 02 2024
Shippers and striking US dockworkers are closer to agreeing on economic terms than they realize, Secretary of …
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Mixed US car sales in Q3 as industry hopes for post-election bounce
Oct 02 2024
US automakers reported mixed US third-quarter sales, pointing to sluggish demand as consumers contend with affordability …
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French luxury goods giant LVMH in F1 sponsorship deal
Oct 02 2024
French luxury goods giant LVMH on Wednesday announced a 10-year sponsorship deal as a global partner of Formula One.
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Oil prices pare strong gains, stocks waver on Middle East worries
Oct 02 2024
Stock markets wavered while oil prices faded after early strong gains Wednesday as Iran's missile attack on Israel …
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Macron backs Chinese EV tariffs as Scholz calls for dialogue
Oct 02 2024
French President Emmanuel Macron reaffirmed his support for EU tariffs on Chinese electric vehicles, during a visit to …
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Oil prices rise further, stocks waver on Middle East worries
Oct 02 2024
Stock markets wavered while oil prices extended a rally Wednesday as Iran's missile attack on Israel fanned fears of a …
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US private sector adds more jobs than expected in September: ADP
Oct 02 2024
US private sector hiring picked up in September, with employers adding more jobs than anticipated, according to data …
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EU queries Snapchat, TikTok, YouTube over 'harmful' content risks
Oct 02 2024
The EU voiced concerns about "harmful" content posted on Snapchat, TikTok and YouTube as it told the digital platforms …
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Spain logs record summer tourism as inflow draws protests
Oct 02 2024
Spain welcomed a record 21.8 million international visitors this summer, official data showed on Wednesday, an influx of …
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Hedi Slimane quits as Celine's artistic director
Oct 02 2024
Hedi Slimane has quit as artistic director at Celine, the French haute couture house said Wednesday, amid speculation …
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Oil prices extend rally on Iran attack
Oct 02 2024
Major stock markets diverged Wednesday, while oil prices extended a rally after Iran's missile attack on Israel fanned …
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Britain's Starmer in Brussels to flesh out EU 'reset' pledge
Oct 02 2024
Keir Starmer arrived in Brussels on Wednesday on his first visit as British prime minister, looking to build on a …
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France says coming tax hikes on the wealthy to be 'temporary'
Oct 02 2024
France's finance minister on Wednesday promised that the tax hikes the government says are required to bring the …
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Spain welcomed record number of tourists this summer
Oct 02 2024
Spain welcomed a record 21.8 million international visitors to its shores this summer, official data showed on …
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Samsung says planning job cuts in some Asian operations
Oct 02 2024
Samsung Electronics said Wednesday it was planning to cut jobs in some of its Asian operations, after a report that one …
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Oil extends rally after Iran attack, Hong Kong soars again
Oct 02 2024
Oil prices extended a rally Wednesday after Iran's missile attack on Israel fanned fears of a Middle East-wide conflict, …
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Oracle to invest $6.5 bn in Malaysian cloud services region
Oct 02 2024
Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centres in …
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Oil extends rally after Iran attack, Hong Kong resumes surge
Oct 02 2024
Oil prices rose more than one percent Wednesday, extending the previous day's rally, and safe haven gold pushed towards …
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X agrees to pay Brazil fines, court orders finances unblocked
Oct 02 2024
A Brazilian judge on Tuesday ordered the unblocking of the bank accounts of Elon Musk's X in the country after the …
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California passes law allowing Dutch-style cannabis cafes
Oct 02 2024
Starting next year, diners in the western US state of California can smoke cannabis at certain restaurants, thanks to a …
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Nike earnings drop, says turnaround will take time
Oct 01 2024
Nike reported a drop in profits Tuesday on sagging revenues as the sports giant cautioned that a turnaround from a rocky …
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US dockworkers launch mass strike a month before election
Oct 01 2024
Tens of thousands of workers at major ports on the US East and Gulf Coasts went on strike Tuesday in an action that …
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Stock markets slump, oil jumps on Middle East concerns
Oct 01 2024
Global markets sank and oil soared Tuesday, after Iran launched around 180 missiles at Israel, prompting fears of a …
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Cranes stand still as US dockworkers fight for 'future'
Oct 01 2024
Just a short drive from the New York skyline, giant cranes, containers, and machinery stand motionless behind closed …
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Mexico's new president tells investors their money is safe
Oct 01 2024
Mexico's new President Claudia Sheinbaum on Tuesday promised to protect the rights of investors as she took office as …
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GM reports US sales dip, but says EVs grew
Oct 01 2024
General Motors reported a dip in third-quarter US auto sales Tuesday, but pointed to growth in sales of electric …
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European airlines extend suspension of Middle East flights
Oct 01 2024
Top European airlines Lufthansa, KLM and Swiss on Tuesday announced that they were extending their suspension of flights …
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Germany inaugurates IBM's first European quantum data centre
Oct 01 2024
Chancellor Olaf Scholz on Tuesday inaugurated US firm IBM's first quantum data centre in Europe, saying Germany aims to …
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US dockworkers launch mass strike month before election
Oct 01 2024
Tens of thousands of workers at major ports on the US East and Gulf Coasts went on strike Tuesday in an action that …
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France's richest man takes control of Paris Match magazine
Oct 01 2024
Paris Match, a glossy French weekly known for its celebrity scoops on Tuesday became part of the media empire of …
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French PM vows more taxes and spending cuts ahead of budget fight
Oct 01 2024
France's new Prime Minister Michel Barnier pledged new taxes and spending cuts Tuesday to reduce a "colossal" debt, in a …
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Stock markets diverge as eurozone inflation drops further
Oct 01 2024
Slowing eurozone inflation boosted European stock markets on Tuesday but US equities ran out of steam after concluding a …
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European stocks diverge as eurozone inflation drops further
Oct 01 2024
European stock markets traded mixed Tuesday as investors digested news of a further drop to eurozone inflation that …
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Eurozone inflation falls under 2% for first time since 2021
Oct 01 2024
The eurozone's annual inflation rate fell to its lowest level in three-and-a-half years in September, official data …
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US dockworkers launch strike after labor contract expires
Oct 01 2024
Dockworkers at major ports along the US East and Gulf Coasts went on strike Tuesday after last-minute negotiations …
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UAE oil giant ADNOC swoops on German chemicals firm Covestro
Oct 01 2024
German chemicals group Covestro said Tuesday it had accepted a takeover bid from UAE state energy company ADNOC, as one …
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Tokyo recovers some losses to lead markets higher
Oct 01 2024
Tokyo led most markets higher Tuesday as a weaker yen boosted exporters and helped traders recover some of their hefty …
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Droughts drive Spanish boom in pistachio farming
Oct 01 2024
Two decades ago, Miguel Angel Garcia harvested grapes and grains on his farm in central Spain, like his father and …
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Tokyo recovers some losses to lead Asian markets higher
Oct 01 2024
Tokyo led most Asian markets higher Tuesday as a weaker yen boosted exporters and helped traders recover some of their …
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Locals toil as experts toast Turkish wine renaissance
Oct 01 2024
As the evening light falls on her vineyards in northwestern Turkey, Zeynep Arca Salliel pinches the grapes and tastes …
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Kenya airport whistleblower fears for his life
Oct 01 2024
Nelson Amenya caused an uproar by exposing secret talks for an Indian firm to take over Kenya's main airport. He has no …
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Tokyo recovers some losses as most Asian markets rise
Oct 01 2024
Tokyo stocks rose Tuesday, recovering some of the losses suffered in the previous day's rout, as the yen weakened …
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US port officials gird for strike despite last-minute bargaining
Oct 01 2024
Officials at 14 ports along the US East and Gulf Coasts were making last-minute preparations on Monday for a likely …
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Qatar Airways seeking 25% stake in Virgin Australia
Sep 30 2024
Qatar Airways unveiled a bid to take a 25 percent stake in troubled airline Virgin Australia on Tuesday, a deal that …
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US port officials gird for strike as labor talks stay stuck
Sep 30 2024
Officials at 14 ports along the US East and Gulf coasts were making last-minute preparations on Monday for a likely …
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China stocks soar on stimulus as US indices end Q3 at records
Sep 30 2024
Chinese stocks surged on Monday after officials unveiled further economic stimulus measures, while Wall Street indices …
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US Fed Chair sees 'further disinflation' in economy
Sep 30 2024
The United States is set to see inflation cool further towards policymakers' target, Federal Reserve chair Jerome Powell …
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Epic Games sues Google and Samsung over app store
Sep 30 2024
"Fortnite"-maker Epic Games is suing tech giants Google and Samsung, it announced Monday, accusing them of illegally …
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Officials see no shortages from likely US port strike
Sep 30 2024
New York officials said on Monday they were prepared for a likely US dockworkers strike, reassuring consumers that they …
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China's top banks to tweak mortgage rates to boost housing market
Sep 30 2024
Six of China's biggest banks said they would tweak interest rates on existing mortgages following a request to lower …
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Shares in Stellantis, Aston Martin skid on profit warnings
Sep 30 2024
Shares in Jeep-maker Stellantis and Britain's Aston Martin tumbled on Monday after both companies joined European rivals …
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China stocks soar on stimulus, but US and Europe retreat
Sep 30 2024
Chinese stocks surged on Monday after officials unveiled further economic stimulus measures, while investor caution …
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ECB chief backs bank mergers amid UniCredit, Commerzbank talk
Sep 30 2024
ECB chief Christine Lagarde said Monday that cross-border banking mergers in Europe were "desirable" to boost their …
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California governor vetoes AI safety bill
Sep 30 2024
California Governor Gavin Newsom has vetoed a bill aimed at regulating powerful artificial intelligence models following …
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China stocks soar on stimulus, Europe slides on automaker woes
Sep 30 2024
Chinese stocks rocketed Monday, extending last week's surge after China unveiled a raft of economy-boosting measures, …
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German antitrust watchdog steps up monitoring of Microsoft
Sep 30 2024
Germany's anti-cartel watchdog said Monday it had placed US tech giant Microsoft under closer surveillance for any …
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E.Guinea, Gabon clash at ICJ over oil-rich islands
Sep 30 2024
Gabon and Equatorial Guinea faced off Monday at the International Court of Justice, hoping to resolve a decades-old …
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EU states plan Friday vote on Chinese EV tariffs
Sep 30 2024
EU member states are expected to vote on whether to slap hefty tariffs on imported electric cars from China on Friday, …
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Hong Kong, Shanghai soar on China stimulus as strong yen hits Tokyo
Sep 30 2024
Shares in Hong Kong and mainland China rocketed Monday, extending last week's surge after Chinese authorities unveiled a …
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Hong Kong, Shanghai soar on China stimulus, strong yen batters Tokyo
Sep 30 2024
Shares in Hong Kong and mainland China rocketed Monday, extending last week's surge after Chinese authorities unveiled a …
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New blow for UK's Starmer as growth data disappoints
Sep 30 2024
Britain's economy grew less than initially estimated in the second quarter, revised official data revealed Monday, …
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Japan's next PM aims for snap election, stocks sink
Sep 30 2024
Japan's incoming prime minister Shigeru Ishiba said on Monday he aimed to call snap elections for October 27, as …
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Japan's next PM eyes snap election, reports say, as stocks sink
Sep 30 2024
Japan's incoming prime minister Shigeru Ishiba is poised to call snap elections for October 27, local media reported …
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China megacities ease homebuying rules to boost property market
Sep 30 2024
Three Chinese megacities on Monday eased restrictions on buying homes and Beijing's central bank said it would ask …
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Tokyo stocks dive on strong yen as Hong Kong, Shanghai extend rally
Sep 30 2024
Stocks plunged more than four percent in Tokyo on Monday after the yen surged in reaction to Shigeru Ishiba's election …
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Britain's last coal-fired power station closes
Sep 30 2024
The UK's last coal-fired power station will officially close its doors on Monday, making Britain the first G7 country to …
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Nepal dam-building spree powers electric vehicle boom
Sep 29 2024
Taxi driver Surendra Parajuli's decision to buy an electric cab would have been unthinkable a decade ago, when chronic …
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Bike apprenticeship helps break UK reoffending cycle
Sep 29 2024
Cameron Moseley hopes never to return to jail thanks to a pioneering scheme in London that aims to cut reoffending by …
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SpaceX launches mission to return stranded astronauts
Sep 28 2024
A SpaceX rocket soared into the sky Saturday with two passengers on board, leaving two seats empty to return American …
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SpaceX set to launch mission to return stranded astronauts
Sep 28 2024
A SpaceX mission is set for launch Saturday with two passengers on board, leaving two seats empty to return the American …
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Boeing strike grinds on as latest talks fail to reach agreement
Sep 28 2024
The union for striking Boeing workers said Friday that talks with the aviation giant "broke off" without agreement, …
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