Business and Economy



Argentina's growth plummets 5.1% in first quarter

AFP - 32m ago

Argentina's austerity-hit economy contracted by 5.1 percent in the first quarter, the national statistics agency said …

European stocks rise, Nvidia drags down Nasdaq

AFP - 1h ago

European stock markets rebounded on Monday despite jitters over the first round of French elections taking place this …

Europe stocks rise with French vote on horizon

AFP - 2h ago

European stock markets attempted to rebound on Monday despite jitters over the first round of French elections taking …

Adidas scores success with pink Germany shirt

AFP - 8h ago

Derided at its unveiling, Germany's pink-and-purple away kit has become the breakout style star of Euro 2024, where it …

Dominance, data, disinformation: Europe's fight with Big Tech

AFP - 9h ago

The European Union warned Apple on Monday that its App Store is breaching its digital competition rules, placing the …

EU accuses Apple of breaking bloc's digital rules

AFP - 9h ago

Apple risks billions of euros in fines after the European Union on Monday accused the iPhone maker of violating the …

UAE energy giant ADNOC offers 12 bn euros for Germany's Covestro

AFP - 10h ago

Chemical maker Covestro said Monday that it entered "concrete negotiations" with Emirati national energy firm ADNOC …

Markets mixed after weak Wall St lead, eyes on yen

AFP - 3h ago

Asian and European markets were mixed Monday after last week's poor run as investors look ahead to the release of key US …

EU says Apple's App Store breaches bloc's digital rules

AFP - 3h ago

Apple risks billions of euros in fines after the European Union on Monday found the iPhone maker's App Store to be …

Most markets track weak US lead, eyes on yen

AFP - 1h ago

Most equity markets extended last week's poor run with more losses Monday, following another tepid lead from Wall Street …

Asian markets track weak US lead, eyes on yen

AFP - 4h ago

Asian markets extended last week's poor run with more losses Monday, following on from another tepid lead from Wall …

Power cut causes flight chaos at UK's Manchester airport

AFP - 21h ago

Manchester Airport, the third-busiest in Britain, cancelled over 100 flights affecting thousands of passengers Sunday …

Flights cancelled at UK's Manchester airport after power cut

Jun 23 2024

Flights at the UK's third-busiest airport were being delayed or cancelled Sunday after a major power cut, the airport …

Who profits from the soaring price of cocoa?

Jun 23 2024

Though cocoa prices on the financial markets have soared, the rise is benefiting cocoa growers, bean processors, …

Beyond Nvidia: the search for AI's next breakthrough

Jun 23 2024

For a few days, AI chip juggernaut Nvidia sat on the throne as the world's biggest company, but behind the its …

Dutch app supermarket boss eyes tech boom in online delivery

Jun 23 2024

Advances in artificial intelligence are poised to drive a "massive" boom in online grocery deliveries, according to the …

S.Africa to dish up more zebra to boost jobs and conservation

Jun 23 2024

Carcasses of impala, kudu and wildebeest hang from a slaughterhouse rail, ready to be turned into steaks, sausages and …

Boeing may avoid criminal charges over violations: report

Jun 21 2024

The US Department of Justice is considering a deal with Boeing that would avoid criminal prosecution of the aerospace …

US slaps sanctions on leaders of Russia software firm Kaspersky

Jun 21 2024

The United States unveiled sanctions Friday against 12 top leaders of the Russia-based cybersecurity firm Kaspersky Lab, …

Tech rally ebbs, leaves Wall Street adrift

Jun 21 2024

The tech rally that drove Wall Street to record highs appeared out of steam Friday as US markets finished mixed, with …

Barcelona aims to become Airbnb-free zone by 2029

Jun 21 2024

Barcelona, one of Europe's most visited cities, said Friday it aims to ban apartment rentals to tourists by 2029 to ease …

French left vows new taxes as snap election draws near

Jun 21 2024

Left-wing parties in France on Friday pledged to raise 30 billion euros a year from taxing businesses and the rich if …

US existing home sales fall as prices hit record

Jun 21 2024

Existing home sales in the United States edged lower in May as prices reached a record high on continued tight …

Tech rally loses steam, leaves Wall Street adrift

Jun 21 2024

The tech rally that drove Wall Street to record highs appeared out of steam on Friday, with European markets hit by …

Dior offers laid-back style on a feline cat-walk

Jun 21 2024

Dior offered a more light-hearted collection featuring giant cats at Paris Fashion Week on Tuesday, with designer Kim …

Ferrari eyes electric future with solar-powered factory

Jun 21 2024

Italian luxury carmaker Ferrari on Friday inaugurated a new solar-powered factory at the group's historic Maranello …

Spain to eliminate tax on olive oil to ease price jump

Jun 21 2024

Spain's leftist government said Friday it will remove the value-added tax on olive oil, a staple of Spanish cuisine …

Top German minister on peace mission amid China EV tariffs row

Jun 21 2024

Germany's Vice Chancellor Robert Habeck will arrive in Beijing on Friday on a last-ditch mission to avoid a damaging …

Asian markets retreat after tech losses hobble Wall St

Jun 21 2024

Asian markets mostly fell Friday following a broadly negative lead from Wall Street, where tech giants led a sell-off on …

US philanthropist Melinda French Gates endorses Biden

Jun 21 2024

American philanthropist Melinda French Gates, the ex-wife of Microsoft co-founder Bill Gates, endorsed President Joe …

Argentina has surplus harvest, but farmers want more from Milei

Jun 21 2024

In the pampas, Argentina's vast and fertile grasslands outside Buenos Aires, grain silos overflow with this year's …

Japan inflation ticks up in May to 2.5%

Jun 21 2024

The pace of Japanese inflation accelerated in May partly due to higher energy bills, government data showed Friday, as …

US bans Russia's Kaspersky antivirus software

Jun 21 2024

The United States on Thursday banned Russia-based cybersecurity firm Kaspersky from providing its popular antivirus …

IMF signs off new $786 million Tanzania loan agreement

Jun 20 2024

The IMF executive board approved a new loan program with Tanzania worth around $786 million on Thursday to help it …

Nvidia suffers rare retreat as Nasdaq streak ends

Jun 20 2024

The torrid rally in Nvidia and other artificial intelligence-linked equities took a pause Thursday, leaving the …

Niger revokes French operating licence at major uranium mine

Jun 20 2024

Niger has revoked the operating licence of French nuclear fuel producer Orano at one of the world's biggest uranium …

Thousands of young Kenyans protest tax hikes

Jun 20 2024

Armed with smartphones and whistles, thousands of young Kenyans staged protests across the country on Thursday to …

European stocks advance, AI propels US into record territory

Jun 20 2024

European stock markets rose Thursday as central banks made interest rate calls while AI enthusiasm pushed Wall Street …

Bank of England freezes rate before UK election

Jun 20 2024

The Bank of England on Thursday kept its key interest rate at a 16-year high despite slowing UK inflation, opting …

European equities advance before Bank of England rate call

Jun 20 2024

European stock markets rose Thursday as dealers awaited the Bank of England's latest decision on interest rates, after …

As UK election looms, Bank of England set to sit tight on rate

Jun 20 2024

The Bank of England was set to hold its interest rate steady on Thursday despite slowing UK inflation, with higher price …

Asian markets swing as traders assess rates outlook

Jun 20 2024

Asian markets were mixed Thursday as investors tried to gauge the outlook for US interest rates, while also keeping tabs …

Germany's coalition in impasse over 2025 budget

Jun 20 2024

The three parties in the German government are locked in a bitter dispute over the 2025 budget, with experts warning the …

As election looms, BoE set to sit tight on UK rate

Jun 20 2024

The Bank of England was set to hold its interest rate steady on Thursday despite slowing UK inflation, with higher price …

Booking.com sounds alarm on AI-enabled travel scams

Jun 20 2024

As travellers rush to book their summer getaways, Booking.com's internet safety boss says watch out for supercharged AI …

EU rebukes France for breaking budget rules

Jun 19 2024

The EU on Wednesday reprimanded France for breaching the bloc's budget rules under President Emmanuel Macron, 10 days …

Boeing CEO recognizes 'gravity' of safety crisis but sees 'progress'

Jun 19 2024

Boeing's CEO acknowledged to a US congressional panel Tuesday that the company's culture was imperfect, but insisted the …

Eurozone stocks hit after EU rebukes France

Jun 19 2024

Eurozone stock markets slid Wednesday after the European Commission reprimanded France for breaching the EU's budget …

Senate probe urges France stop importing Russian LNG

Jun 19 2024

A Senate investigating committee called Wednesday for France to stop importing Russian liquefied natural gas (LNG) and …

US billionaire eyes TikTok takeover to save internet from Big Tech

Jun 19 2024

Frank McCourt, a US real estate billionaire, aims to buy TikTok to rescue the internet from the clutches of major …

UK inflation slowdown unlikely to shift vote, rate outcomes

Jun 19 2024

Britain's inflation rate has slowed to a near three-year low, official data showed Wednesday, but the boost for …

Most Asian markets advance after latest Wall St record

Jun 19 2024

Asian equities were mixed on Wednesday following yet another record day in New York fuelled by data that boosted US …

UK inflation slows to central bank's 2% target

Jun 19 2024

British inflation slowed in May to the central bank's two-percent target, official data showed Wednesday, boosting Prime …

EU to warn France, Italy and more over unruly budgets

Jun 19 2024

The European Union is expected on Wednesday to rebuke nearly 10 governments, including France and Italy, over their …

Christian studio eyes 'culture wars' challenge to Hollywood

Jun 19 2024

Hollywood's alleged "wokeness" is a frequent target for right-wing commentators and politicians.

Chinese 'underground bankers' launder Sinaloa drug money: US

Jun 19 2024

The US Justice Department on Tuesday accused Chinese "underground bankers" of helping Mexico's Sinaloa Cartel launder …

Mouse shakers, power naps: Corporate America fights 'keyboard fraud'

Jun 19 2024

A US banking giant fired more than a dozen employees for "simulating keyboard activity," highlighting a battle within …

Despite sanctions, Russia still gets hands on Western goods

Jun 19 2024

A Kansas businessman shipped banned avionics equipment to Russia through Armenia, the UAE and other third countries. A …

Music platform CEO says AI is not the enemy

Jun 19 2024

Musicians around the world have described artificial intelligence as a threat to creativity, but the CEO of one popular …

AI goes mainstream as 'AI PCs' hit the market

Jun 19 2024

A new line of PCs specially made to run artificial intelligence programs hit stores on Tuesday as tech companies push …

'Dandy' Pharrell Williams kicks off Paris Fashion Week for Vuitton

Jun 18 2024

Paris Fashion Week kicked off on Tuesday with hip-hop mogul Pharrell Williams playing on the language of one-world unity …

Fresh records for Nvidia, Nasdaq despite sluggish retail sales data

Jun 18 2024

Nvidia edged out other tech giants Tuesday to become the world's most valuable publicly traded company, a rise that also …

Kenya scraps most new tax hikes amid protest clashes

Jun 18 2024

Kenya's government on Tuesday scrapped plans to impose multiple tax hikes, the presidency said, amending a controversial …

Boeing Starliner return to Earth set for June 26

Jun 18 2024

NASA and Boeing are targeting a June 26 return to Earth of the Boeing Starliner from the International Space Station, …

Louis Vuitton kicks off Paris fashion week in diplomatic style

Jun 18 2024

Paris Fashion Week kicked off on Tuesday with hip-hop mogul Pharrell Williams putting on his latest branding event for …

Kenya scraps most new tax hikes as hundreds protest

Jun 18 2024

Kenya's government on Tuesday walked back plans to impose multiple tax hikes, the presidency said, amending a …

Nvidia becomes world's most valuable company on stock market

Jun 18 2024

Nvidia edged ahead of other tech companies Tuesday to become the world's most valuable publicly traded company in the …

Senior US Fed official optimistic about inflation fight

Jun 18 2024

A senior Federal Reserve official said Tuesday that she is optimistic about the US central bank's progress against …

Stock markets mostly rise on rate cut hopes

Jun 18 2024

Stock markets mostly advanced Tuesday as a drop in US retail sales raised hopes that the Federal Reserve would have room …

London regains stock market crown as turmoil hits Paris

Jun 18 2024

The London Stock Exchange is once again Europe's biggest stock market by valuation after reclaiming the crown from Paris …

Boeing CEO to face Capitol Hill grilling

Jun 18 2024

Boeing CEO Dave Calhoun is expected to apologize to families of crash victims on Tuesday as he faces a Senate grilling …

US retail sales come in below expectations in May

Jun 18 2024

US retail sales came in below expectations for a second straight month in May as gas station revenues fell sharply, the …

Louis Vuitton kicks off fashion week with diplomatic style

Jun 18 2024

Paris Fashion Week kicked off on Tuesday with hip-hop mogul Pharrell Williams putting on his latest branding event for …

Kenya police arrest demonstrators as hundreds protest new tax hikes

Jun 18 2024

Kenyan police fired tear gas and arrested at least a dozen demonstrators Tuesday as hundreds of people gathered near …

Asian markets rise with Wall St as traders eye latest US data

Jun 18 2024

Asian equities rallied Tuesday, tracking another tech-driven record on Wall Street, while investors awaited fresh US …

Meteoric rise of South Korea's webtoons powers Nasdaq IPO

Jun 18 2024

When Bae Jin-soo quit his well-paying job at one of South Korea's biggest conglomerates to write stories, his parents …

Hong Kong bourse to keep trading through severe weather: leader

Jun 18 2024

Hong Kong's stock exchange will continue trading through typhoons and heavy storms from September, the city's leader …

Wall Street stocks end at fresh records

Jun 17 2024

Wall Street stocks rallied to fresh records Monday behind enthusiasm over artificial intelligence, while European …

Adidas shares slide following China corruption claims

Jun 17 2024

Adidas shares slid Monday as the German sportswear giant said it was investigating alleged bribery in China after senior …

Stock markets edge higher, oil climbs

Jun 17 2024

Stock markets edged higher on both sides of the Atlantic on Monday despite fading hopes for US interest rate cuts and …

Argentines pawn family jewels to make ends meet

Jun 17 2024

In Argentina's strangled economy, one sector is thriving: the pawn shops buying up gold and other family treasures that …

Stock markets diverge tracking US, Europe outlooks

Jun 17 2024

Global stock markets diverged Monday as traders assess the US Federal Reserve's plans for interest-rate cuts while …

Over $1 bn to be pledged for Africa vaccine sovereignty: France

Jun 17 2024

More than one billion dollars will be pledged towards ramping up vaccine production in Africa at a summit held in Paris …

China launches anti-dumping probe into EU pork imports

Jun 17 2024

China said Monday it had launched an anti-dumping investigation into pork imports from the European Union, the latest …

Chairman of Italy's state-controlled shipbuilder dies

Jun 17 2024

The chairman of Italy's state-controlled shipbuilder Fincantieri, Claudio Graziano, a retired general who once headed …

China says launches anti-dumping probe into EU pork imports

Jun 17 2024

China said Monday it had launched an anti-dumping investigation into pork imports from the European Union, the latest …

Asian stocks drop after tepid Wall St lead, euro dips further

Jun 17 2024

Asian markets fell Monday to extend last week's losses, with traders trying to assess the Federal Reserve's plans for …

Asian stocks struggle after tepid Wall St lead, euro dips further

Jun 17 2024

Asian markets mostly fell Monday following last week's losses, with traders trying to assess the Federal Reserve's plans …

Shareholders OK with soaring executive pay in US

Jun 17 2024

Executive salaries at major US corporations are soaring -- but shareholders happy with stock prices and greater …

Illegal gold mining eats into Peruvian Amazon

Jun 17 2024

On the banks of the Madre de Dios river, dredges work day and night in search of gold, part of a scourge of illegal …

Serbia could mine lithium as early as 2028: FT

Jun 16 2024

President Aleksandar Vucic said Serbia could exploit lithium as early as 2028 following new guarantees from Australian …

Chinese Premier Li toasts warming trade ties in Australia

Jun 16 2024

Chinese Premier Li Qiang mixed a dash of "panda diplomacy" with a visit to a historic vineyard on Sunday to celebrate a …

Senegalese eye elegance for Eid at half the price

Jun 16 2024

In a second-hand shop in the suburbs of Senegal's capital, Seynabou Sarr is inundated with orders days before West …

Israel's 'economic war' chokes occupied West Bank

Jun 16 2024

Palestinian teenagers bounced on trampolines and jumped through hoops inside a towering tent on the outskirts of …

I.Coast relies on livestock from crisis-hit Sahel for Eid

Jun 15 2024

At a muddy market in a city district in Ivory Coast, hundreds of animals are lined up to be sacrificed for this Sunday's …

French stocks drag down European markets on vote fears

Jun 14 2024

The Paris stock exchange plunged to its worst weekly performance in more than two years on Friday, dragging down other …

G7 hammers China over Russia ties, 'harmful' trade

Jun 14 2024

G7 leaders meeting in Italy Friday hardened their tone against China, warning Beijing to stop sending weapons components …

North Macedonia's beekeepers face climate change challenge

Jun 14 2024

Every day, Magda Miloseska dons a white, protective suit and enters the domain of the honeybees in the backyard of her …

French stocks drag down European markets on election jitters

Jun 14 2024

The Paris stock exchange plunged towards its worst week in more than two years on Friday, dragging down other European …

China Premier Li backs 'dialogue, not confrontation' in New Zealand

Jun 14 2024

Chinese Premier Li Qiang said Friday he supported "dialogue, not confrontation" during a visit to New Zealand where he …

European stocks slide on French vote jitters

Jun 14 2024

European stock markets slid and the euro retreated Friday on lingering concerns over France's looming snap election, …

Bank of Japan to scale down huge bond-buying programme

Jun 14 2024

The Bank of Japan on Friday said it would trim its vast hoard of government bonds as it cautiously steps away from its …