Business and Tech
IMF chief urges action as global recession risks rise
AFP - 21m ago
IMF chief Kristalina Georgieva urged global policymakers Thursday to take concerted action to avoid a "dangerous 'new …
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Revamp of World Bank and lenders needed to tackle global problems: Yellen
AFP - 1h ago
The World Bank and development lenders need to evolve to tackle the complex challenges that the world is facing, such as …
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Apple wins 728-mn-euro cut to France antitrust fine
AFP - 1h ago
A French court on Thursday slashed more than 700 million euros from a record 1.1-billion-euro fine imposed on US tech …
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Stocks mostly retreat, pound drops
AFP - 1h ago
Global equity markets mostly fell Thursday and the pound retreated once more against the dollar on lingering recession …
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OPEC+: a thriving Saudi-Russian marriage of convenience
AFP - 2h ago
By ignoring the United States and slashing its oil production, the OPEC+ group of petro-states demonstrated the …
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Barcelona predict record revenues, rising profits
AFP - 3h ago
Barcelona on Thursday forecast profits of 274 million euros (270.7 million dollars) this season and record revenues of …
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Lebanon far from gas riches even if Israel deal agreed: analysts
AFP - 4h ago
Lebanon is grappling to strike a deal with Israel over contested maritime gas fields, but even with an agreement the …
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Markets mostly up as focus turns to key US jobs report
AFP - 2h ago
Equity markets rose Thursday as traders fought to extend this week's global rally, though concerns about the impact of a …
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Inflation puts squeeze on Spain's legendary lunch menu
AFP - 9h ago
Dreamt up in the 1960s to attract tourists, Spain's three-course "menu del dia", or set lunch menu, has long been seen …
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Lebanon years away from gas riches despite Israel deal: analysts
AFP - 5h ago
Lebanon is nearing agreement with Israel over a maritime dispute involving offshore gas fields, but the cash-strapped …
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The censor cannot hold: the pressure of controlling China's internet
AFP - 13h ago
As a teenager in rural China, Zeng Jiajun used his internet know-how to watch a banned documentary on the bloody …
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'Watched the whole time': China's surveillance state grows under Xi
AFP - 13h ago
When Chen picked up his phone to vent his anger at getting a parking ticket, his message on WeChat was a drop in the …
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Asian markets drift as global rally peters, focus now on US jobs
AFP - 4h ago
Asian markets were mixed Thursday as this week's global rally ran out of juice, with concerns about a huge oil output …
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Former Uber security chief convicted in hack cover-up: reports
AFP - 13h ago
A jury on Wednesday found Uber's former security chief guilty of federal crimes for covering up a massive hack that …
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Hazy timeframe for reaching electric plane era
AFP - 15h ago
Recent test flights suggest the era of electric airplanes is coming closer, but aviation experts caution that achieving …
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US duo and Dane win Nobel for 'click chemistry'
AFP - 16h ago
A trio of scientists from the United States and Denmark won the Nobel Chemistry Prize on Wednesday for laying the …
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Judge says Twitter-Musk trial still on track
AFP - 17h ago
The judge presiding over Twitter's legal battle to hold Elon Musk to his $44-billion buyout deal said Wednesday the case …
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Under-fire UK PM Truss fails to calm markets with growth pledge
Oct 05 2022
Prime Minister Liz Truss vowed to steer the UK "through the tempest" as she closed her party's tumultuous annual …
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Oil prices climb as OPEC+ cuts output
Oct 05 2022
Oil prices climbed Wednesday as OPEC and its Russia-led allies announced a major cut in output, while a stocks rally ran …
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Amid Ukraine war, US flies Russian cosmonaut to ISS
Oct 05 2022
A SpaceX rocket carrying a Russian crew member blasted off from Florida Wednesday on a voyage that carries significant …
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Amid high US inflation, online insurance offers mislead elderly
Oct 05 2022
One advertisement on Facebook promises zero-cost dental care for elderly Americans hit hard by rising medical bills. …
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OPEC+ delivers Biden diplomatic slap with output cut
Oct 05 2022
President Joe Biden got a diplomatic slap in the face Wednesday with the OPEC+ cartel's decision to ignore both his …
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OPEC+ angers US with major oil output cut
Oct 05 2022
Saudi Arabia, Russia and other top oil producers agreed on a major cut in production on Wednesday to boost crude prices …
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EU signals shifts towards gas price cap
Oct 05 2022
The EU is "ready to discuss" a price cap on gas within the bloc to bring down soaring energy costs, European Commission …
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OPEC+ agrees major oil output cut, Biden 'disappointed'
Oct 05 2022
OPEC and its Russia-led allies agreed on a major cut in oil production to boost crude prices on Wednesday, irking the …
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Amid Ukraine war, US flys Russian cosmonaut to ISS
Oct 05 2022
A SpaceX spaceship blasted off from Florida Wednesday, headed for the International Space Station and carrying a Russian …
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What's next for the Musk-Twitter deal?
Oct 05 2022
With Twitter and Elon Musk edging towards finalizing a deal, here's what may come next in the billionaire's on-again, …
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The German town where boats take the elevator
Oct 05 2022
Germany's whopping new boat lift could lug the weight of 50 blue whales over a stretch of canal between Poland and …
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OPEC+ agrees major oil output cut
Oct 05 2022
OPEC and its Russia-led allies agreed on a major cut in oil production on Wednesday, a move to prop up prices that could …
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UK rail workers stage latest strike over pay
Oct 05 2022
Train travel in Britain was disrupted on Wednesday by the latest in a string of strikes by railway workers over wages.
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Oil prices wobble awaiting OPEC output cut
Oct 05 2022
Oil prices wobbled Wednesday as investors waited to learn the amount of an expected major cut in output by OPEC and …
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OPEC+ eyes major oil output cut
Oct 05 2022
Ministers from oil exporting countries were expected Wednesday to agree on major production cuts to prop up prices, a …
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Canada trade surplus drops in August to lowest 2022 level
Oct 05 2022
Canada's trade surplus fell in August to Can$1.5 billion (US$1.1 billion) -- its lowest level so far this year -- as …
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Spore the merrier: Boom in mushrooms grown on Belgian beer
Oct 05 2022
In Belgium, a country reputed for its beer, mushrooms nourished on a byproduct from the brew are doing booming business.
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Oil prices rise awaiting OPEC output cut
Oct 05 2022
Oil prices rose Wednesday as OPEC and Russia-led allies prepare to announce a big cut in output.
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WTO slashes 2023 global trade forecast as recession looms
Oct 05 2022
The World Trade Organization on Wednesday dramatically lowered its global trade forecast for 2023, as Russia's war in …
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Musk-Twitter deal: a roller-coaster saga
Oct 05 2022
Elon Musk's pursuit of Twitter was a melodrama from the beginning -- a mercurial billionaire locked in a bitter fight …
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OPEC+ expected to slash oil output
Oct 05 2022
Major oil producers led by Saudi Arabia and Russia were expected Wednesday to agree on a major cut in output to prop up …
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EU signals shifts towards price cap on imported gas
Oct 05 2022
The EU is "ready to discuss" a price cap on imported gas to bring down soaring energy costs, European Commission chief …
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Asia markets extend rally on rate hopes, OPEC in focus
Oct 05 2022
Asian investors joined their Wall Street counterparts in an equity buying spree Wednesday as more data pointing to …
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Equities extend rally on rate hopes, traders await OPEC decision
Oct 05 2022
Asian investors joined their Wall Street and European counterparts in an equity buying spree Wednesday as more data …
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Amid Ukraine war, US set to fly Russian cosmonaut to ISS
Oct 05 2022
The United States will on Wednesday carry a Russian to the International Space Station aboard a SpaceX ship, in a voyage …
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Beaten and robbed: Vietnamese fisherman recounts China attacks
Oct 05 2022
Vietnamese fisherman Nguyen Van Loc has been attacked by Chinese coast guard vessels so many times, he has lost count.
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Energy crisis feared by Europe long a reality in Iraq
Oct 05 2022
Europe may fear an energy crisis over the coming winter, but for Iraqis an unstable power supply and frequent blackouts …
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Musk offers to close Twitter buyout deal at original price
Oct 05 2022
Elon Musk on Tuesday offered to push through with his buyout of Twitter at the original agreed price, as a trial over …
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Stocks surge on hopes interest rate hikes will slow
Oct 04 2022
Global stocks gained on Tuesday and the dollar slid amid growing hopes the Federal Reserve could ease its interest-rate …
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EU lawmakers impose single charger for all smartphones
Oct 04 2022
The EU parliament on Tuesday passed a new law requiring USB-C to be the single charger standard for all new smartphones, …
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Study eyes US cooperation with Pakistan amid China rise
Oct 04 2022
The United States needs to keep engaging Pakistan despite lingering distrust over Afghanistan, with investment and …
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Musk offers to close Twitter buyout at original price: report
Oct 04 2022
Elon Musk has offered to push through with his buyout of Twitter at the original agreed price, reports said Tuesday, …
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UK's Truss says 'no shame' in climbdown amid Tory tensions
Oct 04 2022
Britain's Prime Minister Liz Truss insisted Tuesday she felt "no shame" and vowed to press on with unpopular economic …
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Stocks surge on interest rate hopes
Oct 04 2022
Global stocks rallied Tuesday and the dollar mostly slid as weak US data sparked hopes the Federal Reserve could ease …
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US to require extra hour of rest for flight attendants
Oct 04 2022
US authorities will require flight attendants be given an additional hour to rest between trips, according to new rule …
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Shell CEO hints energy firms should pay more tax
Oct 04 2022
Shell's departing chief executive indicated Tuesday that governments should "probably" tax energy firms more to help …
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Micron unveils new $100 bn New York semiconductor plant
Oct 04 2022
Micron announced Tuesday it will invest up to $100 billion to build semiconductors in New York state, capitalizing on US …
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Markets surge on interest rate hopes
Oct 04 2022
Global stocks rallied Tuesday and the dollar dipped as weak US data sparked hopes the Federal Reserve could ease its …
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UK's embattled govt stares at new U-turn on economy
Oct 04 2022
Britain's Prime Minister Liz Truss defended her contentious plan to kick-start economic growth through tax cuts, despite …
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Markets rally, dollar dips as US data tempers rate fears
Oct 04 2022
Asian markets rallied Tuesday and the dollar eased after weak US factory data sparked optimism that a series of big …
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Australia hikes rates less than forecast, boosting stocks
Oct 04 2022
Australia raised interest rates less than expected Tuesday, boosting stocks and dragging the local dollar lower, as …
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Last stop: Paris waves goodbye to cardboard Metro tickets
Oct 04 2022
The Paris Metro is phasing out cardboard tickets after 120 years, taking the capital's urban transit into a contactless …
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Why crypto's big 'merge' is causing big headaches
Oct 04 2022
The biggest software upgrade in the short history of crypto has fulfilled its promise to wipe out more than 99 percent …
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Asian traders track Wall St up as US data tempers rate fears
Oct 04 2022
Asian markets followed Wall Street higher Tuesday after weak US factory data sparked optimism that a series of big …
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Twitter Blue subscribers getting edit feature
Oct 04 2022
Twitter on Monday said a feature to edit tweets is being rolled out to those subscribing to its Blue service in …
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Apple to release Will Smith film this year despite Oscars slap
Oct 03 2022
Less than a year after Will Smith shocked millions around the world by slapping Chris Rock at the Oscars, his new film …
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US auto sales remain slow in third quarter
Oct 03 2022
Automakers saw lackluster US sales in the third quarter, as manufacturers continued to grapple with supply constraints, …
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Oil jumps but dollar bruised on US data
Oct 03 2022
Oil prices jumped Monday on expectations of an OPEC output cut, while weak US data sent stocks higher amid rising hopes …
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UK govt vows reform despite U-turn on tax cut for the rich
Oct 03 2022
Britain's under-fire finance minister Kwasi Kwarteng on Monday vowed to press on with his controversial economic reform …
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US 'broad-based' inflation will take time to come down: Fed official
Oct 03 2022
While there are some signs that global and domestic inflation pressures are easing, high prices have spread, making it …
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Concerns over Credit Suisse viability surge as shares dive
Oct 03 2022
Credit Suisse shares plunged to new lows Monday, spurring swelling fears and even suggestions the bank could face a …
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Sweden's Paabo wins medicine Nobel for sequencing Neanderthal DNA
Oct 03 2022
Swedish paleogeneticist Svante Paabo, who sequenced the genome of the Neanderthal and discovered the previously unknown …
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US Supreme Court to hear cases challenging tech firm immunity
Oct 03 2022
The US Supreme Court, in a decision with potentially far-reaching ramifications, agreed on Monday to hear two cases …
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Kim Kardashian pays $1.26 mn for unlawful crypto promo
Oct 03 2022
US reality star Kim Kardashian has agreed to pay a $1.26 million fine after unlawfully pushing a cryptocurrency on …
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Vodafone, Hutchison in talks to merge UK ops
Oct 03 2022
Vodafone on Monday confirmed it was in talks over merging its UK operations with rival Three UK, owned by Hong …
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US manufacturing growth slows to lowest since 2020: survey
Oct 03 2022
US manufacturing growth slowed in September to its weakest pace in more than two years amid a decline in orders, as well …
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OPEC+ tipped to make big cut in oil output
Oct 03 2022
Major oil-producing nations led by Saudi Arabia and Russia are expected to make this week their biggest output cut since …
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Oil jumps, European stocks wobble on Credit Suisse fears
Oct 03 2022
Oil prices jumped Monday on expectations of an OPEC output cut, while European stocks wobbled on fears over the health …
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UK's new Tory govt in major U-turn over tax cut for wealthy after uproar
Oct 03 2022
Britain's under-fire Conservative government on Monday announced a dramatic U-turn on a controversial tax cut for …
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UK economy not out of woods despite tax U-turn
Oct 03 2022
Britain's debt-fuelled economy remains threatened by recession and the pound mired by trouble despite the government of …
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Singapore proposes new law to tackle harmful online content
Oct 03 2022
Social media sites could be blocked or fined in Singapore if they fail to stop users in the tightly-controlled country …
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Europe stocks sink on Credit Suisse fears; oil jumps
Oct 03 2022
European stocks sank Monday on fears over the health of Swiss bank Credit Suisse, while oil jumped on expectations of an …
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Turkey's inflation rate hits fresh 24-year high
Oct 03 2022
Turkish inflation jumped to a new 24-year high exceeding 83 percent in September, official data showed Monday, as …
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UK's new govt in major tax U-turn after uproar
Oct 03 2022
Britain's beleaguered finance minister on Monday announced a dramatic U-turn on a tax cut unveiled as part of an …
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Markets drop as traders eye jobs and earnings, oil jumps
Oct 03 2022
Stocks slipped on Monday as investors await key US jobs data while girding themselves for a corporate earnings season …
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UK's new govt makes major tax U-turn after uproar
Oct 03 2022
Britain's beleaguered finance minister on Monday announced a dramatic U-turn on a tax cut announced as part of an …
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UAE's latest bet on tech: a ministry in the metaverse
Oct 03 2022
The United Arab Emirates, which already boasts the world's tallest skyscraper and has launched a bold Mars mission, now …
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Asian markets swing as traders eye US jobs, earnings
Oct 03 2022
Stocks drifted in Asia on Monday as investors await key US jobs data, while girding themselves for a corporate earnings …
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Tired of power cuts, blockaded Gaza turns to solar
Oct 03 2022
Palestinians living in the Israeli-blockaded enclave of Gaza have long endured an unstable and costly electricity …
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Tesla says deliveries increased in Q3
Oct 02 2022
New vehicle deliveries by Tesla increased in the third quarter, beating the previous three months during which its …
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UK's Truss admits tax cuts misstep at start of tense Tory conference
Oct 02 2022
UK Prime Minister Liz Truss on Sunday conceded she should have better prepared Britain for her recent debt-driven …
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Qatar races to ready luxury and budget rooms for World Cup
Oct 02 2022
Fifty days before the World Cup kicks off in Qatar, workers are pouring concrete and hammering through the night to …
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Germany builds new gas terminals to succeed Russian pipelines
Oct 02 2022
Germany's most strategically important building site is at the end of a windswept pier on the North Sea coast, where …
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UK housing market hit by budget fallout
Oct 01 2022
Britain's housing market has been rocked by the UK government's costly budget, as retail banks pull mortgage rates in …
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No Terminator: Musk teases 'useful' humanoid robot
Oct 01 2022
Elon Musk on Friday showed off the latest version of a humanoid robot that the world's richest man said could one day …
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Strong US dollar an unstoppable force endangering other currencies
Sep 30 2022
The dazzling rise of the US dollar, which has hit one record after another, is raising fears of a currency crash of a …
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Mixed day for stocks as European inflation soars
Sep 30 2022
Global stocks finished mixed after another volatile week, with European bourses rallying despite troubling inflation …
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Hurricane Ian damage toll in the billions, will slow US growth
Sep 30 2022
With homes and infrastructure wrecked by wind or flooding and businesses shut down, the destruction left in the wake of …
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UK teen died after 'negative effects of online content': coroner
Sep 30 2022
A 14-year-old British girl died from an act of self-harm while suffering from the "negative effects of online content", …
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Stocks waver, pound wobbles on mixed data
Sep 30 2022
Stock markets advanced and the pound seesawed on Friday as investors tracked fresh growth and inflation data at the end …
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EU to cut power use, levy energy companies
Sep 30 2022
EU ministers on Friday agreed cuts to peak-hour power consumption and windfall levies on energy companies in an urgent …
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Tobacco giant Altria ends non-compete accord with Juul
Sep 30 2022
Tobacco giant Altria said Friday it ended a non-compete agreement with Juul, which is mired in a fight with a US agency …
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Key US inflation index shows signs of slowing in August
Sep 30 2022
A closely-watched measure of US inflation showed the annual pace of price increases slowed slightly in August as energy …
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Eurozone inflation jumps to record 10% as energy prices soar
Sep 30 2022
Eurozone consumer prices skyrocketed by a record 10 percent in September, official data showed on Friday, as inflation …
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UK avoids recession in boost for under-fire Truss
Sep 30 2022
Britain is not yet in recession, revised data showed Friday in a boost for under-fire Prime Minister Liz Truss, but its …
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