Business and Economy
US defends law forcing sale of TikTok app
AFP - 42m ago
The Justice Department late Friday filed its response to TikTok's civil suit aimed at derailing a law that would force …
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Trump offers tech sector policy flips ahead of election
AFP - 3h ago
Fiercely against social media platform TikTok, cryptocurrency bitcoin and electric cars during his presidency, …
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Video game makers see actors as AI 'data,' says union on strike
AFP - 3h ago
Artificial intelligence was key to last year's Hollywood strikes, and it has now sparked a second walkout by those …
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G20 pledges to work together to tax ultra-rich
AFP - 4h ago
G20 nations have agreed to work together to make the super-rich pay their taxes, but stopped short of a more substantial …
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Warner Brothers Discovery sues NBA over Amazon rights deal
Jul 26 2024
Warner Brothers Discovery filed a lawsuit against the NBA on Friday, claiming the US professional basketball league …
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Stocks rise as US inflation data boosts rate cut hopes
Jul 26 2024
Major stock markets pushed higher Friday as traders welcomed data showing a moderation in US inflation, firming …
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Airbus and Boeing supremacy secure despite turbulence
Jul 26 2024
Boeing's safety troubles and the Airbus scramble to ramp up production should have left a gap for smaller rivals to …
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'Sabotage' on French rail network before Olympics: What we know
Jul 26 2024
Three separate arson attacks targeting France's high-speed rail network paralysed train travel nationwide Friday as …
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G20 seeks common ground on taxing super-rich
Jul 26 2024
G20 finance ministers are expected to take a first step towards international cooperation on taxing the super-rich …
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Stocks rise as inflation data boosts rate cut hopes
Jul 26 2024
Major stock markets pushed higher Friday as traders welcomed data showing US inflation is slowing, firming expectations …
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Stock markets climb as US inflation rate drops
Jul 26 2024
Major stock markets mainly rose Friday as traders welcomed data showing US inflation is slowing, firming expectations …
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US Fed's favored inflation measure cools further in June
Jul 26 2024
The US Federal Reserve's favored inflation measure eased further in June, according to government data published Friday, …
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Russian central bank hikes key rate to fight inflation
Jul 26 2024
Russia's central bank raised its key interest to 18 percent on Friday, the sixth hike in just over a year as it seeks to …
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UK to reveal £20 bn hole in public finances: reports
Jul 26 2024
Britain's new Labour government will announce next week that the country's public finances have an additional hole of …
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Gaming sector recovery on flamboyant display at ChinaJoy expo
Jul 26 2024
A long-haired sorcerer wearily checked his smartphone as elves and androids bustled past at the digital entertainment …
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Electric car woes force German supplier ZF to axe jobs
Jul 26 2024
German car parts manufacturer ZF said Friday it would cut a fifth to a quarter of jobs in Germany as it struggled with …
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Stock markets recover before US inflation data
Jul 26 2024
Major stock markets mainly rose Friday as traders looked ahead to key US inflation data that could firm expectations for …
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Markets make battling recovery from tech rout after US data
Jul 26 2024
Investors fought back Friday after a tech-fuelled sell-off, taking heart from forecast-beating US growth data that …
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Greece's 'Instagram island' Santorini nears saturation point
Jul 26 2024
One of the most enduring images of Greece's summer travel brand is the world-famous sunset on Santorini Island, framed …
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Plan to tax super-rich divides at G20 meet in Rio
Jul 26 2024
Brazil's vision for a global deal to tax the ultra-rich sparked divisions Thursday at a meeting of G20 finance ministers …
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TSMC leads chipmaker plunge as trade resumes after typhoon pause
Jul 26 2024
Taiwanese giant TSMC tumbled with several other leading chip makers Friday as traders returned from a typhoon-imposed …
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Asian markets battle to recover from tech rout after US data
Jul 26 2024
Asian traders struggled to fight back Friday after a tech-fuelled sell-off, taking heart from forecast-beating US growth …
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In swing state Pennsylvania, middle class struggles to get by
Jul 26 2024
The giant steelworks that greets visitors to Allentown, Pennsylvania once symbolized the city's success as an industrial …
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Babe Ruth jersey breaks world record for sports item at auction
Jul 26 2024
A jersey belonging to American baseball legend Babe Ruth broke the world record Thursday for most expensive sports …
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Video game actors to strike in California
Jul 25 2024
Hollywood's video game actors will go on strike early Friday to demand safeguards against artificial intelligence, the …
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OpenAI to challenge Google with new search functionality
Jul 25 2024
OpenAI on Thursday said it was putting its artificial intelligence engine to work in a challenge to Google's …
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US rejects plan for G20 deal to tax super-rich
Jul 25 2024
The United States sees no need to negotiate an international agreement on taxing the super-wealthy, US Treasury …
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American Airlines reports lower profits but wins on IT outage
Jul 25 2024
American Airlines lowered its 2024 outlook Thursday on lingering effects of a botched booking system upgrade, but shares …
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US sees no need for global deal to tax super-rich: Yellen
Jul 25 2024
The United States sees no need to negotiate an international agreement on taxing the super-wealthy, Treasury Secretary …
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Deutsche Bahn suffers 16-fold jump in losses in first half
Jul 25 2024
Germany's state-owned train operator Deutsche Bahn said Thursday that its year-on-year net losses soared 16-fold in the …
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US economy beats growth expectations in second quarter
Jul 25 2024
US economic growth blew past expectations in the second quarter, boosted by consumer spending and inventory building …
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In Rio, G20 finance ministers to mull taxing the super-rich
Jul 25 2024
Faced with growing global inequality, G20 finance ministers meeting Thursday in Rio de Janeiro will tackle the thorny …
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Climate activists halt traffic at Germany's Frankfurt airport
Jul 25 2024
Frankfurt police on Thursday arrested climate activists who brought Germany's busiest airport to a standstill by gluing …
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Sweden seeks to be winemaking's next frontier
Jul 25 2024
Far north of iconic wine regions like Bordeaux and Tuscany, Sweden is seeing a burgeoning industry of vineyards and a …
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Climate activists halt traffic at Frankfurt airport
Jul 25 2024
Police on Thursday arrested climate activists who glued themselves to the tarmac at Frankfurt airport, Germany's …
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Nissan shares plunge after profit warning
Jul 25 2024
Nissan tumbled more than 10 percent on Thursday after the Japanese automaker issued a profit warning, citing "intense …
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Refining and gas give TotalEnergies Q2 blues
Jul 25 2024
French oil heavyweight TotalEnergies on Thursday reported slumping profits in the second quarter, blaming lower margins …
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Comic-Con fans assemble as Marvel eyes major reboot
Jul 25 2024
Comic-Con returns in full force to San Diego this week, where a hugely anticipated Marvel superhero film event is among …
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New Japan film camera aimed at 'nostalgic' young fans
Jul 25 2024
Keita Suzuki leads a group of young analogue photography fans around a coastal city in Japan, stopping to snap pastel …
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Mark Zuckerberg, AI's 'open source' evangelist
Jul 25 2024
Mark Zuckerberg, the founder of Facebook and CEO of Meta, has become an unexpected evangelist for open source technology …
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Boeing guilty plea deal filed in fatal 737 Max crashes
Jul 25 2024
Boeing will plead guilty to fraud as part of a deal with the US Department of Justice over two fatal 737 MAX crashes, …
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US lawmakers urge Meta to delay shutting down transparency tool
Jul 25 2024
US lawmakers voiced "concern" Wednesday over Meta's decision to shut down CrowdTangle -- a digital tool considered vital …
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NBA signs 11-year media deals worth reported $76 bn
Jul 25 2024
The NBA announced 11-year global media rights deals with The Walt Disney Company, NBCUniversal and Amazon on Wednesday …
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World's richest 1% gained $40 tn in a decade: Oxfam
Jul 25 2024
The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade, Oxfam said …
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Ford profits tumble on higher costs, hitting shares
Jul 24 2024
Ford shares tumbled Wednesday after the automaker reported lower than expected profits on higher costs connected to …
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Stock markets slump on disappointing earnings
Jul 24 2024
Global stock markets tumbled Wednesday following a batch of disappointing corporate results in the United States and …
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Bank of Canada lowers key lending rate to 4.5%
Jul 24 2024
Canada's central bank on Wednesday lowered its key lending rate to 4.5 percent, saying the second straight cut of 25 …
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Lula rallies G20 nations against world hunger ahead of meeting
Jul 24 2024
Brazil's President Luiz Inacio Lula da Silva on Wednesday urged world leaders to work together and find solutions to …
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Disneyland strike averted as unions agree tentative deal
Jul 24 2024
Unions representing Disneyland theme park employees in California reached a tentative deal with the company on …
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With no money or fuel, Cuban fishermen improvise on floating rafts
Jul 24 2024
Small white squares dot the ocean off Havana, an unlikely fleet of fishermen bobbing on makeshift polystyrene rafts …
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Gucci-owner Kering alerts on profits as earnings tumble
Jul 24 2024
Luxury group Kering said Wednesday that its half-year net profit fell by half and warned operating earnings for the …
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US new home sales dip in June, missing estimates
Jul 24 2024
The sales rate of new family homes in the United States dipped in June, missing analyst estimates amid still elevated …
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Olympic partner Coca-Cola chided over French taxes
Jul 24 2024
The French tax authorities have claimed Olympics sponsor Coca-Cola owes it millions of euros, documents showed …
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Lula rallies G20 countries against world hunger ahead of meeting
Jul 24 2024
Brazil's President Luiz Inacio Lula da Silva will launch an initiative Wednesday to fight world hunger ahead of a …
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Stock markets drop on disappointing earnings
Jul 24 2024
Global stock markets tumbled Wednesday following a disappointing batch of corporate results in the United States and …
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Council of Europe urges Jersey to up anti-money laundering efforts
Jul 24 2024
The pan-European rights body Council of Europe called Wednesday on Jersey to enhance its implementation of anti-money …
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Tesla reports profit drop on price cuts, lower vehicle sales
Jul 24 2024
Tesla reported a hefty drop in second-quarter profits Tuesday due to the effect of price cuts while spending …
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Asian markets track Wall St losses after mixed tech earnings
Jul 24 2024
Asian markets fell on Wednesday following a mixed batch of US earnings that did little to boost enthusiasm as investors …
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Bangladesh garment factories reopen after unrest
Jul 24 2024
Garment factories and banks reopened in Bangladesh Thursday after authorities eased a curfew imposed to contain deadly …
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In fuel-guzzling Saudi Arabia, electric cars pique interest
Jul 24 2024
For Hamed al-Rafidain, a Saudi human resources worker, an electric vehicle offers welcome savings, especially since his …
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'Truly frightening': Pesticides increasingly laced with forever chemicals
Jul 24 2024
Toxic "forever chemicals" are increasingly being used in US pesticides, threatening human health as they contaminate …
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Renewables overproduction turns electricity prices negative
Jul 24 2024
With the proliferation of solar panels and wind turbines an unusual phenomenon is becoming more and more frequent: …
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France quietly catches rivals in battle for data centre supremacy
Jul 24 2024
At the end of a narrow suburban street north of Paris, a giant structure shrouded in a skin of mesh and steel looks like …
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Global stocks mostly lower ahead of major tech earnings results
Jul 23 2024
Global stock markets closed mostly lower Tuesday ahead of key company earnings, following a strong start to a week …
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Coca-Cola lifts full-year forecast after profits top estimates
Jul 23 2024
Coca-Cola raised some of its full-year financial projections Tuesday as it reported better-than-expected profits, …
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French luxury giant LVMH half-year net profit drops 14%
Jul 23 2024
The world's largest luxury group, LVMH, said Tuesday its half-year net profit slid 14 percent amid an uncertain …
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Strong US sales boost GM results as it slows some EV plans
Jul 23 2024
General Motors reported higher profits Tuesday behind another round of strong North American auto sales, with executives …
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Stocks diverge as earnings in focus after US election drama
Jul 23 2024
Global stock markets diverged Tuesday as the focus turned to tech company earnings following a strong start to a week …
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'Assassin's Creed' makers defend 'creative liberties' in black samurai row
Jul 23 2024
The makers of "Assassin's Creed" defended their "creative liberties" on Tuesday after nearly 100,000 people signed a …
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L'Occitane to exit Hong Kong stock exchange
Jul 23 2024
French luxury beauty products firm L'Occitane said Tuesday its shares would be removed from the Hong Kong stock exchange …
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Internet blackout paints dark picture for Bangladesh call centres
Jul 23 2024
Hundreds of thousands of Bangladeshis work in outsourcing firms and the industry generates billions every year, but …
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June US home sales slower than expected, prices hit fresh high
Jul 23 2024
US existing home sales dropped more than expected in June, according to industry data released Tuesday, while the median …
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Stocks diverge tracking US election battle, earnings
Jul 23 2024
Global stock markets diverged Tuesday as the focus turned to tech company earnings following a strong start to a week …
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Ireland's Aer Lingus settles pilot pay row
Jul 23 2024
A long-running row over pay between Irish airline Aer Lingus and pilots that led to hundreds of flight cancellations was …
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BBC to axe 500 more jobs in bid to be 'more agile'
Jul 23 2024
The BBC is to axe 500 jobs over the next 20 months in a bid to save £200 million ($258 million) and become a "leaner, …
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Spotify adds paid subscribers, beating estimates
Jul 23 2024
Swedish music streaming giant Spotify said Tuesday that it added seven million paid subscribers in the second quarter, …
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EU opens probe into possible online food-delivery cartel
Jul 23 2024
The EU launched an investigation on Tuesday to determine whether online food-delivery companies Delivery Hero and Glovo …
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India on $24 bn jobs drive in Modi's first post-election budget
Jul 23 2024
India's government will spend $24 billion on employment and training, it said Tuesday, as Prime Minister Narendra Modi …
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Markets mixed after US rally ahead of inflation report
Jul 23 2024
Stock markets were mixed Tuesday as investors struggled to extend a surge on Wall Street, where the tech sector bounced …
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Bosses resign at Japan supplement firm probing deaths
Jul 23 2024
The chairman and president of a major Japanese dietary supplement maker announced their resignation on Tuesday, as the …
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Theme park's novel bid to fix South Korea youth unemployment
Jul 23 2024
At a kids' role-playing theme park in Seoul, 23-year-old Park Woo-joo is on a very adult mission: the …
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Most Asian markets rise after US rally ahead of inflation report
Jul 23 2024
Asian markets rose Tuesday, building on a tech-led surge in Wall Street equities as investors returned to the sector …
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Stocks take Biden exit from White House race in stride
Jul 22 2024
Wall Street stocks rose Monday behind a rebound in tech shares as markets largely shrugged off Joe Biden's surprise …
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Rebounding chip shares lead US stocks higher
Jul 22 2024
Semiconductor shares were among the big winners Monday, rebounding from recent weakness as US stocks climbed ahead of …
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Delta still struggling with effects of IT outage
Jul 22 2024
Delta Air Lines struggled on Monday with lingering effects from a global IT outage, canceling hundreds more flights …
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Israel strikes on Yemen port: what is the damage?
Jul 22 2024
Israeli strikes on Saturday hit a power plant and fuel storage facilities in Hodeida, the main port under the control of …
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France's Vivendi eyes London listing for Canal+ TV arm
Jul 22 2024
French media group Vivendi said Monday it plans to list its television unit, Canal+, on the London stock exchange and …
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Crisis-hit Boeing flies high at Farnborough Airshow
Jul 22 2024
Boeing announced Monday a raft of orders on the first day of Britain's Farnborough Airshow, shrugging off safety and …
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Stocks rise as Biden exits White House race
Jul 22 2024
Wall Street stock markets rose Monday despite Joe Biden's decision to drop out of the US presidential race fuelling …
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EU tells Meta to address consumer fears over 'pay for privacy'
Jul 22 2024
EU consumer authorities told Facebook owner Meta on Monday to take action to assuage European consumer groups' fears …
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Korean Air orders 40 Boeing planes
Jul 22 2024
Korean Air lodged a firm order Monday for 40 Boeing 787 and 777X wide-body aircraft at Britain's Farnborough airshow, …
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UK unveils training effort to reduce reliance on migration
Jul 22 2024
Prime Minister Keir Starmer vowed Monday to reduce the UK's "long-term reliance on overseas workers" as he unveiled a …
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Stocks diverge, dollar down as Biden exits White House race
Jul 22 2024
Stock markets diverged and the dollar dropped Monday as Joe Biden's decision to drop out of the US presidential race …
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Asian markets drop as Biden drops out of White House race
Jul 22 2024
Asian markets fell Monday as Joe Biden's decision to drop out of the US presidential race fuelled fresh uncertainty, …
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Nomadic roots, urban lives: the young Mongolians leading a transition
Jul 22 2024
Freezing from horseback riding in the winter and helping her herder parents tend to livestock during summers spent …
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China central bank cuts two key rates to support flagging economy
Jul 22 2024
China's central bank on Monday cut two benchmark interest rates in a bid to boost lending and kickstart growth in the …
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UN urges Gilead to 'make history' with game-changing HIV drug
Jul 22 2024
Gilead could bring the AIDS pandemic towards an end if the US pharmaceutical giant opens up access to its game-changing …
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China central bank says cuts two key rates to support economy
Jul 22 2024
China's central bank on Monday cut two benchmark interest rates in a bid to boost lagging growth in the world's …
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In Mallorca, 20,000 rally against overtourism
Jul 22 2024
Some 20,000 protesters hit the streets of Palma in Mallorca Sunday for a mass demonstration against overtourism, …
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Oil-tainted lake a symptom, and symbol, of Venezuela's collapse
Jul 21 2024
A putrid smell hangs over the black-stained shores of Lake Maracaibo in Venezuela, where an oil slick is emblematic of …
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All eyes on AI to drive Big Tech earnings
Jul 21 2024
Over the next two weeks, the quarterly results of Big Tech giants will offer a glimpse on the bankability of artificial …
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Flights resume after global IT crash wreaks havoc
Jul 20 2024
Planes were gradually taking off again Saturday after global airlines, banks and media were thrown into turmoil by one …
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