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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

'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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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. …

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 …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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.

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 …

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 …

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 …

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.

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.

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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.

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 …

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 …

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 …

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, …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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", …

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 …

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 …

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 …

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 …

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 …

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 …