Business and Economy



Turkey fines Adidas $15,000 for pigskin shoes

AFP - 31m ago

Turkey has hit German sporting equipment giant Adidas with a fine of more than $15,000 for failing to inform customers …

Ubisoft revenue drops after game flops, 'Assassin's Creed' delays

AFP - 33m ago

A run of new-release flops and the delay of the latest “Assassin’s Creed” instalment sent revenue at French games giant …

Mexico threatens to sue Google over 'Gulf of America' name change

AFP - 51m ago

Mexico on Thursday threatened to sue Google over its changing the Gulf of Mexico's name to "Gulf of America" for Maps …

Swedish video game maker wants industry to stop chasing money

AFP - 1h ago

Swedish-Lebanese filmmaker-turned-game-developer Josef Fares is on a mission to put storytelling first in video games, …

Bezos's Blue Origin rocket firm to cut 10% of workforce

AFP - 1h ago

Jeff Bezos's rocket company Blue Origin is laying off around 10 percent of its workforce following a period of rapid …

US State Dept walks back purported $400 mn Tesla contract

AFP - 1h ago

The US State Department backtracked Thursday on a document saying it would award $400 million for electric armored cars …

Stocks mostly rise, oil falls as Trump fans Ukraine peace hopes

AFP - 1h ago

Major stock markets mostly rallied and oil prices retreated Thursday on hopes for an end to the war in Ukraine and …

What next for Honda and Nissan?

AFP - 4m ago

Honda and Nissan on Thursday announced the scrapping of merger talks that would have created the world's third-biggest …

President Trump says US 'reciprocal tariffs' to be announced Thursday

AFP - 1h ago

US President Donald Trump said that he would announce "reciprocal tariffs" on trading partners Thursday, opening new …

Japan's Honda and Nissan scrap merger talks

AFP - 1h ago

Japanese auto giants Honda and Nissan confirmed on Thursday they had scrapped merger talks that would have created the …

German sports carmaker Porsche to cut 1,900 jobs

AFP - 44m ago

Sports car manufacturer Porsche said Thursday it will axe 1,900 jobs after sales slumped in China and amid a tricky …

French game developers mark first industry-wide strike

AFP - 1h ago

French video game workers on Thursday hit the pause button in a first-ever sector-wide walkout over work conditions and …

Nestle sales beat forecast after price hikes

AFP - 1h ago

Swiss food giant Nestle reported better-than-expected annual sales on Thursday, boosting its shares after the maker of …

What are reciprocal tariffs and who might be affected?

AFP - 3h ago

US President Donald Trump has threatened to broaden his trade war by unveiling reciprocal tariffs Thursday, the latest …

UK economy picks up ahead of US tariff risks

AFP - 1h ago

Britain's economy surprisingly picked up at the end of last year, official data showed Thursday, relieving some pressure …

Facebook, TikTok harden EU commitment to tackle disinformation -- but not X

AFP - 5h ago

Digital titans including Facebook and TikTok formally pledged to ramp up the fight against disinformation in the EU, …

PSG president Al-Khelaifi charged in French corporate abuse of power probe: source

AFP - 4h ago

French judicial authorities have charged the president of Paris Saint-Germain football club, Nasser Al-Khelaifi, with …

Pesticides causing widespread harm to animals and plants: study

AFP - 5h ago

Pesticides are significantly harming wildlife across the planet, stunting growth, damaging reproduction and even causing …

Unilever announces profit slump on Russia exit

AFP - 5h ago

British consumer goods giant Unilever on Thursday announced falling net profits for 2024, hit by exiting Russia and …

Sony hikes profit forecast on strong gaming business

AFP - 8h ago

Japanese entertainment and electronics giant Sony upgraded its annual net profit forecast to $7.0 billion on Thursday …

UK economy picks up, boosting govt amid US tariffs

AFP - 1h ago

Britain's economy picked up at the end of last year, official data showed Thursday, relieving some pressure on the …

Asian stocks rise, oil falls as Trump fans Ukraine peace hopes

AFP - 2h ago

Asian markets mostly rose Thursday and oil prices extended losses as forecast-topping US inflation was overshadowed by …

Germany's Commerzbank to cut jobs to fight off UniCredit

AFP - 6h ago

German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, seeking to …

Trump threats to South Africa rattle automakers

AFP - 8h ago

South Africa exports vehicles worth about $1.9 billion every year, many to the United States under a trade deal now in …

Tens of thousands go hungry in Sudan after Trump aid freeze

AFP - 14h ago

For the first time in nearly two years of war, soup kitchens in famine-stricken Sudan are being forced to turn people …

Facing egg shortage, Americans bring chickens home to roost

AFP - 9h ago

A Houston poultry supply company is selling chickens like there is no tomorrow, as sky-high prices for eggs prompt some …

China's 2024 coal projects threaten climate goals: report

AFP - 11h ago

China last year began construction on projects with the greatest combined coal power capacity since 2015, jeopardising …

US stocks mostly lower on inflation, euro gains on Ukraine peace hopes

Feb 12 2025

Wall Street stocks mostly fell Wednesday after US inflation data exceeded expectations, while the euro strengthened on …

Trump says to sign order on reciprocal tariffs today or tomorrow

Feb 12 2025

US President Donald Trump committed Wednesday to announcing "reciprocal tariffs" on other countries, saying he could …

Trump blames Biden for unexpected uptick in US inflation

Feb 12 2025

US President Donald Trump on Wednesday blamed his predecessor Joe Biden for last month's unexpected acceleration in …

Chevron to cut 15-20% of workforce by end of 2026: company

Feb 12 2025

Chevron will cut 15 to 20 percent of its workforce as part of a reorganization to save money and to position the oil …

Trump's 25% steel, aluminum tariffs add on to Canada and Mexico duties: W.House

Feb 12 2025

US President Donald Trump's planned 25-percent tariffs on all steel and aluminum imports will stack on the hefty duties …

Canadian steel firms face turmoil after US 'stab in the back'

Feb 12 2025

When Shale Tobe heard President Donald Trump planned to impose tariffs on Canadian steel, a product that has supported …

US consumer inflation unexpectedly up, Trump blames Biden

Feb 12 2025

US consumer inflation unexpectedly accelerated last month, data showed Wednesday, in a moment of potential political …

US stocks fall as inflation unexpectedly heats up

Feb 12 2025

US stock markets tumbled on Wednesday as an inflation reading came in hotter than expected, fanning fears that the …

US trade deficits at core of Trump tariff moves

Feb 12 2025

Imposing punitive tariffs on countries with high trade surpluses with the United States has been at the heart of US …

Hit by Trump, Canada and EU seek comfort in numbers

Feb 12 2025

Buffeted by tariffs and threats from Washington, the European Union and Canada hailed their "friendship" and discussed …

Bankrupt ex-Turkey operator of KFC, Pizza Hut says wages to be paid

Feb 12 2025

The former operator of the KFC and Pizza Hut franchises in Turkey on Wednesday promised to pay the outstanding salaries …

Stock markets gain before US inflation data

Feb 12 2025

Asian stock markets rose and there were fresh record highs for leading European indices Wednesday as attention turned to …

Heineken shares pop on bubbly beer sales

Feb 12 2025

Shares in Dutch brewer Heineken fizzed at the market open on Wednesday, as traders cheered better-than-expected beer …

Asian, European stocks rise as Powell rate warning taken in stride

Feb 12 2025

Asian equities rose while London and Frankfurt hit fresh highs Wednesday as traders took in their stride a warning from …

Musk aide given payment system access by mistake: US official

Feb 12 2025

An Elon Musk aide was mistakenly given clearance to make changes to the US Treasury Department's highly sensitive …

Ford CEO says Trump policy uncertainty creating chaos

Feb 12 2025

The Trump administration's tariff threats and animosity towards electric vehicles are producing a "lot of cost and a lot …

Asian stocks mostly rise as Powell rate warning taken in stride

Feb 12 2025

Most equities rose in Asia on Wednesday as traders took in their stride a warning from Federal Reserve boss Jerome …

Musk aide given payment system access by mistake

Feb 12 2025

An Elon Musk aide was mistakenly given clearance to make changes to the US Treasury Department's highly sensitive …

India's Hindu mega-festival supercharges economy

Feb 12 2025

The unfathomable scale of the world's largest religious festival in India overshadows many nations in size -- and for …

Asian stocks rise as Powell rate warning taken in stride

Feb 12 2025

Equities rose in Asia on Wednesday as traders took in their stride a warning from Federal Reserve boss Jerome Powell …

Global stocks wobble, gold shines as tariff uncertainty looms

Feb 11 2025

US stock markets wobbled and gold hit fresh highs Tuesday as traders kept a nervous eye on US President Donald Trump's …

AI feud: How Musk and Altman's partnership turned toxic

Feb 11 2025

The feud between Elon Musk and Sam Altman has become one of the bitterest rivalries in business history, with the Tesla …

US inflation fight to take time in 'highly uncertain' environment: Fed official

Feb 11 2025

The US Federal Reserve is in a strong position to weather the "highly uncertain" economic outlook, but its inflation …

Canada, Mexico, EU slam 'unjustified' Trump steel tariffs

Feb 11 2025

Canada, Mexico and the EU on Tuesday slammed US President Donald Trump's "unjustified" decision to impose tariffs on …

Vance puts Europe, China on notice over AI regulation

Feb 11 2025

US Vice President JD Vance on Tuesday warned European allies against over-regulating the US-dominated artificial …

US Fed chair says in no rush to tweak interest rate policy

Feb 11 2025

Federal Reserve Chair Jerome Powell said Tuesday that the US central bank was in no hurry to adjust its interest …

US farmers say Trump let them down with spending freeze

Feb 11 2025

US farmers caught up in President Donald Trump's short-lived attempt to freeze all federal funding descended on Congress …

Altman says OpenAI 'not for sale' after Musk's $97 bn bid

Feb 11 2025

Artificial intelligence developer OpenAI is "not for sale", chief executive Sam Altman said in Paris Tuesday in response …

Gucci owner Kering's annual profit plunges

Feb 11 2025

Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's …

Canada, EU vow firm response to Trump steel tariffs

Feb 11 2025

Canada and the EU vowed Tuesday to stand firm against US President Donald Trump's move to impose tariffs on steel and …

Galeries Lafayette owner Ginette Moulin dies aged 98

Feb 11 2025

The majority owner of the emblematic Parisian department store Galeries Lafayette, Ginette Moulin, has died aged 98, the …

JD Vance puts Europe, China on notice at AI summit

Feb 11 2025

US Vice President JD Vance on Tuesday warned European allies against over-regulating the US-dominated artificial …

Global stocks mixed as tariff uncertainty looms

Feb 11 2025

European and Asian markets struggled for direction and gold hit a fresh high Tuesday as traders kept a nervous eye on …

BP pledges strategic 'reset' as profit tumbles

Feb 11 2025

Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant …

Trump signs orders for steel, aluminum tariffs to start March 12

Feb 11 2025

US President Donald Trump signed executive orders to impose 25 percent tariffs on steel and aluminum imports from March …

World leaders seek elusive AI common ground at Paris summit

Feb 11 2025

World leaders were set to hold formal talks in Paris on Tuesday on artificial intelligence (AI), seeking elusive common …

EU leaders vow 'firm' response to US tariffs

Feb 11 2025

EU chief Ursula von der Leyen vowed on Tuesday to retaliate firmly against US President Donald Trump's decision to …

New Zealand rethinks opposition to deep-sea mining

Feb 11 2025

New Zealand is considering withdrawing its support for an international ban on deep-sea mining, the country's resources …

Asian markets mixed as tariff uncertainty looms large

Feb 11 2025

Asian markets struggled on Tuesday as traders keep a nervous eye on Donald Trump's next moves after he signed off on …

Trump signs executive orders for steel, aluminum tariffs to start March 12

Feb 11 2025

US President Donald Trump signed executive orders to impose 25 percent tariffs on steel and aluminum imports from March …

Asian markets swing as tariff uncertainty looms large

Feb 11 2025

Asian markets were mixed Tuesday following the previous day's global rally as traders keep a nervous eye on Donald …

YouTube, the online video powerhouse, turns 20

Feb 11 2025

YouTube has evolved from a dinner party lark 20 years ago into a modern lifestyle staple poised to overtake US cable …

Trump's tariff tactics may reshape global trade: analysts

Feb 11 2025

US President Donald Trump's use of tariffs as a blunt weapon to extract concessions on everything from commerce to …

US judges challenge Trump cuts as legal battles mount

Feb 11 2025

The Trump administration was on a collision course with the US courts Monday, with federal judges questioning the …

Trump signs executive orders on steel, aluminum tariffs

Feb 10 2025

US President Donald Trump on Monday made good on a promise to slap 25 percent tariffs on steel and aluminum imports, …

Elon Musk heads group trying to buy control of OpenAI: report

Feb 10 2025

Elon Musk is leading an investment group offering $97.4 billion for the nonprofit that controls OpenAI, marking a new …

Global stock markets brush off latest Trump tariffs

Feb 10 2025

Global stock markets rose on Monday, as traders largely shrugged off US President Donald Trump's latest tariffs …

Union sues over US consumer protection agency work pause

Feb 10 2025

The union representing staff at the US Consumer Financial Protection Bureau sued the acting head of the agency, as the …

Trump team orders work pause at US consumer protection agency

Feb 10 2025

US President Donald Trump's administration has informed staff at the country's consumer protection agency that it is …

Trump to impose new 25% tariffs on steel, aluminum

Feb 10 2025

US President Donald Trump plans to slap 25 percent tariffs on steel and aluminum imports Monday, stepping up his …

Macron vows at summit France to 'deliver' on AI acceleration

Feb 10 2025

President Emmanuel Macron on Monday said France would slash through red tape to build artificial intelligence (AI) …

Steel at heart of new Trump trade war

Feb 10 2025

US President Donald Trump's new tariffs on steel promise to further complicate a strategic industry already destabilised …

US federal workers weigh Trump buyout as court to step in

Feb 10 2025

US federal workers face another deadline Monday to accept a mass buyout from their government jobs as a judge holds a …

Global stocks markets brush off Trump tariffs

Feb 10 2025

Global stock markets rose on Monday, as traders appeared to shrug off US President Donald Trump's latest tariffs …

McDonald's profits dented by food poisoning outbreak

Feb 10 2025

McDonald's reported a dip in profits Monday as it contended with lingering effects from a US food poisoning outbreak …

Labour impact and trade windfall on agenda at Paris AI summit

Feb 10 2025

Artificial intelligence (AI) presents vast opportunities if correctly chanelled but is already sharpening gender pay …

Did cuts to shipping emissions spur more global warming?

Feb 10 2025

Could a sudden drop in pollution from cargo vessels criss-crossing global shipping lanes be inadvertently making the …

Global stocks markets push higher despite more Trump tariffs

Feb 10 2025

Global stock markets rose Monday, as traders appeared to shrug off US President Donald Trump's latest tariffs …

Nestle share slump adds pressure on new boss

Feb 10 2025

Nestle's slumping share price is rattling shareholders and pension funds that have invested in the food giant, piling …

Trump to impose new 25% tariff on US steel, aluminum imports

Feb 10 2025

US President Donald Trump plans to impose 25-percent tariffs on steel and aluminum imports from Monday, prompting the …

Global stocks rise despite more Trump tariffs

Feb 10 2025

European and Asian stock markets rose Monday, as traders appeared to shrug off US President Donald Trump's latest …

Paris summit grapples with real-world impact of AI

Feb 10 2025

Artificial intelligence (AI) risks reinforcing gender disparities rather than immediate widespread job destruction, the …

Nokia names Intel's AI head to replace CEO

Feb 10 2025

Finnish telecommunications equipment giant Nokia announced on Monday it would replace chief executive Pekka Lundmark …

World and tech leaders grapple with AI challenges at Paris summit

Feb 10 2025

Political and tech industry leaders descended on Paris Monday for a two-day summit on artificial intelligence, hoping to …

Nokia CEO Lundmark to be replaced by Intel AI chief Hotard

Feb 10 2025

Finnish telecommunications equipment giant Nokia announced on Monday that chief executive Pekka Lundmark would step down …

Most Asian markets drop as traders weigh Trump's latest tariff salvo

Feb 10 2025

Equities were mostly down in Asia on Monday after Donald Trump ramped up his trade war by announcing huge tariffs on …

Trump says will impose 25% tariffs on US steel, aluminum imports

Feb 10 2025

The United States will move to impose 25-percent tariffs on steel and aluminum imports this week, President Donald Trump …

Asian markets mixed as traders weigh Trump's latest tariff salvo

Feb 10 2025

Equities were mixed in Asia on Monday after Donald Trump ramped up his trade war by announcing huge tariffs on steel and …

Government chiefs and tech leaders gather in Paris for AI summit

Feb 10 2025

Political and tech industry leaders were set to descend on Paris Monday for a two-day summit on artificial intelligence, …

Trump says Musk will help uncover 'hundreds of billions' in US govt fraud

Feb 09 2025

US President Donald Trump said in remarks aired Sunday that Elon Musk, who is presiding over a purge of government jobs, …

Baltic nations 'successfully' link with European power grid

Feb 09 2025

Three Baltic states connected to the European power grid Sunday after severing Soviet-era links with Russia's network, a …

Baltic states 'successfully' link with European power grid

Feb 09 2025

Lithuanian President Gitanas Nauseda on Sunday announced that the three Baltic states had "successfully" joined the …

China inflation picks up after Lunar New Year spending boost

Feb 09 2025

Inflation picked up in China last month, official figures showed Sunday, as the Lunar New Year holiday boosted January …

Record gold prices both boon and burden for London jewellers

Feb 09 2025

In London's Hatton Garden jewellery quarter, stores have raised their iron shutters to welcome a motley crew of buyers …

Musk risks putting EU buyers off Tesla: analysts

Feb 09 2025

Elon Musk's rapprochement with US President Donald Trump, his backing of European far-right parties and attacks on …