Business and Tech

China's November imports, exports plunge owing to Covid rules

AFP - 28m ago

China's imports and exports plunged in November to levels not seen since early 2020, as strict Covid restrictions hit …

World economy faces more pain in 2023 after a gloomy year

AFP - 28m ago

This was supposed to be the comeback year for the world economy following the Covid pandemic.

As AI rises, lawmakers try to catch up

Dec 07 2022

From "intelligent" vacuum cleaners and driverless cars to advanced techniques for diagnosing diseases, artificial …

Falsehoods plague elections as voters tackle Trumpian tactics

Dec 07 2022

From the United States to Brazil and Israel, a barrage of election-related misinformation hammered voters around the …

Prime time or Netflix? Streaming wars come to Thailand

Dec 07 2022

International streaming platforms were among the biggest pandemic winners, seeing subscriber numbers soar, but US giants …

Germany's homegrown cannabis industry awaits legalisation

Dec 07 2022

In the east German countryside, close to Dresden, a former abattoir is now home to the biggest indoor cannabis farm in …

Asian equities, oil prices dragged by recession fears

Dec 07 2022

Asian investors extended a sell-off across global markets Wednesday while oil held losses on growing fears Federal …

Xi travels to Saudi for three days of Mideast outreach

Dec 07 2022

Chinese President Xi Jinping arrives in Saudi Arabia on Wednesday for three days of meetings with regional leaders …

UK pubs feel Christmas pressure as inflation bites

Dec 07 2022

Inside the Mad Hatter pub in central London's South Bank district, everything is ready: the big tree, the bright lights, …

Trump Organization convicted of tax fraud in New York

AFP - 2h ago

Donald Trump's family business was found guilty of tax fraud by a New York jury Tuesday, dealing a blow to the …

Apple loosens tight grip on App Store pricing

AFP - 3h ago

Apple on Tuesday announced the biggest upgrade to the App Store pricing system since the launch of the shop, allowing …

Hungary scraps petrol price caps amid fuel shortage

AFP - 5h ago

Hungary on Tuesday abolished petrol price caps after a fuel shortage led to "panic buying" at petrol stations with …

Biden celebrates US manufacturing comeback at giant semiconductor project

AFP - 5h ago

President Joe Biden declared the comeback of US manufacturing Tuesday at the site of a mammoth expansion to a …

Recession fears weigh on stocks as US oil prices hit 2022 low

AFP - 5h ago

Wall Street stocks fell again Tuesday, tumbling after leading bankers warned of rising recession risks, while worries of …

'Avatar 2' gets world premiere in London

AFP - 5h ago

One of the most delayed sequels in blockbuster history finally hit the big screen on Tuesday as "Avatar: The Way of …

Meta expected to face new fines after EU privacy ruling

AFP - 7h ago

Meta is expected to face another large fine after Europe's data watchdog on Tuesday imposed binding decisions concerning …

Biden celebrates giant semiconductor project in Arizona

AFP - 3h ago

President Joe Biden flew Tuesday to Arizona to celebrate the mammoth expansion of a Taiwanese semiconductor plant, …

Markets drop as Fed worries offset China's Covid easing

AFP - 5h ago

Stock markets fell on Tuesday as investors were split between fears that the US Federal Reserve will maintain its …

Ukraine war revives EU wish to bring Balkans into its fold

AFP - 13h ago

European Union leaders vowed on Tuesday to strengthen ties with the Western Balkans, a drive reinvigorated by Russia's …

Niger finance minister rebuffs pressure to drop oil drive

AFP - 13h ago

Niger's finance minister says lack of support from rich countries makes it impossible for his impoverished nation to …

Airlines to return to profit in 2023: IATA

AFP - 14h ago

Airlines are expected to return to profit next year for the first time since 2019 despite slowing global growth as they …

Biden celebrates giant TSMC semiconductor project

AFP - 5h ago

President Joe Biden flies Tuesday to Arizona to celebrate the mammoth expansion of a Taiwanese semiconductor plant, …

Oversight board slams Meta for special treatment of high-profile users

AFP - 15h ago

An oversight panel said Tuesday that Facebook and Instagram put business over human rights when giving special treatment …

Libya tells foreign energy firms it's safe to return

AFP - 15h ago

Libya's state energy firm urged its foreign oil and gas partners to resume exploration and production Tuesday assuring …

Energy crisis fuels renewables boom: IEA

AFP - 16h ago

The energy crisis is fuelling an acceleration of the rollout of renewable power, raising hopes for efforts to meet …

South African GDP rebounds to scale new peak

AFP - 16h ago

South Africa's economy rebounded beyond pre-Covid levels in the third quarter of 2022 to reach its highest-ever peak, …

Biden celebrates giant semiconductor project

AFP - 3h ago

President Joe Biden flies Tuesday to Arizona to celebrate the mammoth expansion of a Taiwanese semiconductor plant, …

EU agrees ban on imports driving deforestation

AFP - 18h ago

The European Union reached an agreement Tuesday to ban the import of products including coffee, cocoa and soy in cases …

Philippine lawmakers propose $4.9 bn sovereign wealth fund chaired by Marcos

AFP - 14h ago

Philippine lawmakers have proposed a $4.9 billion sovereign wealth fund to be chaired by President Ferdinand Marcos Jr …

Asian, European markets drop as Fed worries offset China Covid easing

AFP - 3h ago

Most Asian and European markets fell Tuesday and the dollar rose as fresh fears that the US Federal Reserve will push …

Asian markets hurt as Fed worries offset China Covid easing

AFP - 59m ago

Most Asian stocks fell Tuesday and the dollar rose as fresh fears that the US Federal Reserve will push interest rates …

Ukraine races to restore power grid after Russia strikes

AFP - 16h ago

Ukraine worked to restore power on Tuesday after Russia's latest wave of missile strikes caused power disruptions across …

Asian markets swing as Fed worries offset China Covid easing

AFP - 4h ago

Asian markets were mixed Tuesday as fresh fears that the US Federal Reserve will push interest rates higher than hoped …

Ukraine races to restore power grid post-Russia strikes as winter comes

AFP - 3h ago

Ukraine worked to restore power on Tuesday after Russia's latest wave of missile strikes caused power disruptions across …

US stocks slide on Fed worries as Asian bourses rally

Dec 05 2022

US stocks fell Monday on worries the Federal Reserve will prolong aggressive policies to counter inflation, while Asian …

Nike splits with NBA star Irving after anti-Semitism row

Dec 05 2022

Kyrie Irving's multi-million dollar sponsorship deal with Nike is finished, the sportswear company said Monday, after …

US, EU meet with little progress on green plan tensions

Dec 05 2022

US and European Union officials met for trade and technology talks Monday, but hanging in the balance were heightened …

Russia hits Ukraine grid in latest fatal barrage

Dec 05 2022

Ukraine was targeted on Monday by a new wave of fatal Russian missiles, the latest attack to cause massive power …

Elizabeth Holmes appeals Theranos fraud conviction

Dec 05 2022

Fallen US biotech star Elizabeth Holmes has asked an appeals court to overturn her conviction in the Theranos fraud …

Stocks retreat on interest rate worries

Dec 05 2022

US stocks fell on Monday as resilient economic data fuelled concerns that the Federal Reserve may not be able to relent …

Apple faces critics over its privacy policies

Dec 05 2022

Apple presents itself as a white knight on the subject of privacy, but critics say its own advertising ambitions are …

Oil jumps on China easing Covid restrictions, Russia price cap

Dec 05 2022

World oil prices rallied Monday after more easing of strict Covid containment measures in China and as a price cap on …

Nigeria train resumes eight months after deadly attack

Dec 05 2022

Nigeria on Monday resumed a train service linking the capital with a northern city, eight months after it was suspended …

Ghana offers local debt swap as part of IMF talks

Dec 05 2022

Ghana asked investors to exchange around $9 billion in domestic debt for new bonds on Monday to ease a crunch in …

Russia says oil price cap will not stop Ukraine offensive

Dec 05 2022

Russia shrugged off a Western-imposed price cap on its oil exports on Monday, warning that it would not disrupt its …

Oil jumps on China easing of Covid restrictions, Russia price cap

Dec 05 2022

World oil prices rallied Monday after more easing of strict Covid containment measures in China and as a price cap on …

Taiwanese iPhone maker seeks to restore production after protests

Dec 05 2022

Taiwanese tech giant and key Apple supplier Foxconn said Monday it was hiring new workers and moving towards "restoring …

How Paris cinemas are surviving

Dec 05 2022

Spinning once again, the sign above France's biggest cinema, the Grand Rex, is testament to how well Paris venues have …

Russian oil price cap put to the test

Dec 05 2022

The price cap on Russian oil agreed by the EU, G7 and Australia came into force on Monday. It aims to restrict Russia's …

Vodafone CEO to step down after four years at helm

Dec 05 2022

Vodafone chief executive Nick Read is stepping down, the British telecoms group said Monday, after a four-year tenure …

Head of UK broadcaster Sky News resigns after 17 years

Dec 05 2022

The head of Sky News will step down after 17 years, having steered the broadcaster through a tumultuous period in …

Turkey inflation slows for first time since 2021

Dec 05 2022

Turkey's inflation slowed in November for the first time since May 2021, official data showed on Monday, delivering a …

Putin ally joins tech giant Yandex

Dec 05 2022

A long-time ally of President Vladimir Putin, Alexei Kudrin, said Monday he will be joining Yandex as the Kremlin seeks …

Stocks rise as China eases more Covid measures

Dec 05 2022

Most stocks rose on Monday as traders welcomed more easing of strict Covid containment measures in China that have …

Asian stocks rise as China eases more Covid measures

Dec 05 2022

Stocks rose on Monday as traders welcomed more easing of strict Covid containment measures in China that have hammered …

Ex-Wirecard CEO goes on trial over 'unparalleled' fraud

Dec 05 2022

Ex-Wirecard CEO Markus Braun goes on trial in Munich this week for his role in the collapse of the once celebrated …

Five things to know about the Wirecard scandal

Dec 05 2022

More than two years after the dramatic collapse of German digital payments firm Wirecard, ex-CEO Markus Braun and two …

Tunisians dream of moving to Germany as crisis bites

Dec 05 2022

Germany is becoming a key destination for disillusioned young Tunisians despite a language barrier and the North African …

Asian stocks up, dollar down as China eases more Covid measures

Dec 05 2022

Asian stocks rose and the dollar weakened further as traders welcomed more easing of strict Covid containment measures …

China astronauts return from Tiangong space station

Dec 04 2022

Three Chinese astronauts safely returned to Earth on Sunday after six months aboard the Tiangong space station, state …

OPEC+ to keep output unchanged in uncertain climate

Dec 04 2022

Major oil-producing countries led by Saudi Arabia and Russia agreed Sunday to maintain their current output levels in a …

OPEC+ agrees to keep output levels unchanged

Dec 04 2022

Major oil-producing countries led by Saudi Arabia and Russia agreed Sunday to maintain their current output levels in a …

More than 500 Ukrainian localities without power: ministry

Dec 04 2022

More than 500 Ukrainian localities remained without power Sunday following weeks of Russian airstrikes on the electric …

OPEC+ likely to maintain oil output levels

Dec 04 2022

Major oil-producing countries led by Saudi Arabia and Russia look set to maintain their current output levels at a …

Germany's Scholz weathers shocks in turbulent first year

Dec 04 2022

A war in his backyard, galloping economic crisis, and unhappy partners at home and abroad -- German Chancellor Olaf …

As chatbot sophistication grows, AI debate intensifies

Dec 04 2022

California start-up OpenAI has released a chatbot capable of answering a variety of questions, but its impressive …

Morocco reaps cash, clout from fertiliser supply shock

Dec 04 2022

A global fertiliser supply shock deepened by Russia's Ukraine invasion has brought boom times for the North African …

Estonia to buy HIMARS rocket launchers from US

Dec 03 2022

Estonia has agreed to buy six HIMARS rocket systems from the United States worth over $200 million, the state defence …

Burkina Faso suspends French broadcaster RFI

Dec 03 2022

Burkina Faso on Saturday ordered the immediate suspension of Radio France Internationale (RFI) broadcasts, accusing it …

Russia denounces oil price cap agreed by EU, G7

Dec 03 2022

Russia on Saturday denounced a $60 price cap on its oil agreed by the EU, G7 and Australia, even as Ukraine suggested it …

Russia rejects oil price cap agreed by EU, G7

Dec 03 2022

Russia on Saturday rejected a $60 price cap on its oil agreed by the EU, G7 and Australia, which Ukraine said would …

Ukraine welcomes Russian oil price cap agreed by EU, G7

Dec 03 2022

Ukraine on Saturday welcomed a $60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would …

ABB to pay $315 mn to settle US charges over South Africa bribes

Dec 03 2022

Swedish-Swiss industrial company ABB agreed to pay $315 million to settle US criminal charges that it bribed state-owned …

G7, EU agree oil price cap to reduce Russia war funding

Dec 03 2022

The G7 and EU on Friday agreed a $60-per-barrel price cap on Russian oil in an attempt to deny the Kremlin of war …

US hoax trials spotlight misinformation profiteer

Dec 03 2022

American radio host Alex Jones reaped millions spouting conspiracy-laden falsehoods that helped drive up sales of …

Global stocks mixed after strong US jobs data

Dec 02 2022

Stock markets were mixed Friday after strong US jobs data raised concerns that the US Federal Reserve may continue to …

OPEC set to stick or cut more amid plan to cap Russian oil price

Dec 02 2022

Major oil producers are expected to stick to their current output strategy or even slash production further when they …

Top French central banker in corruption probe

Dec 02 2022

French prosecutors said Friday that they had opened a corruption investigation into top central banker Sylvie Goulard, …

Biden signs emergency law forcing US rail unions to accept wages deal

Dec 02 2022

US President Joe Biden signed into law Friday a rare intervention by Congress forcing freight rail unions to accept a …

Austria must continue to cut Russian gas reliance: OMV CEO

Dec 02 2022

Austria has cut its dependence on Russian gas but it must keep up efforts to diversify its supplies for the next cold …

EU strikes oil price cap deal to starve Russia war machine of funds

Dec 02 2022

The EU on Friday joined the G7 in agreeing a cap on the price of Russian oil to starve the Kremlin of resources for its …

TotalEnergies cuts North Sea investment over UK windfall tax

Dec 02 2022

French company TotalEnergies will cut North Sea oil and gas investment by 25 percent next year after the UK government …

EU agrees to impose price cap on Russian crude

Dec 02 2022

The European Union will join the G7 powers in imposing a $60-per-barrel price cap on Russian oil, the Polish ambassador …

EU strikes deal on oil price cap to starve Russia's war machine

Dec 02 2022

The EU on Friday joined the G7 in agreeing a cap on the price of Russian oil to starve the Kremlin of resources for its …

EU cap on Russian oil price on hold as Poland urges lower price

Dec 02 2022

The European Union will join the G7 powers in imposing a $60-per-barrel price cap on Russian oil, the Polish ambassador …

Stocks fall after strong US jobs data

Dec 02 2022

Stock markets stumbled on Friday after strong US jobs data raised concerns that the US Federal Reserve may continue to …

US hiring tops expectations in November as wages pick up

Dec 02 2022

US job gains were unexpectedly robust in November despite efforts to cool the economy, while unemployment held steady …

Biden signs emergency law forcing rail unions to accept wages deal

Dec 02 2022

US President Joe Biden signed into law Friday a rare intervention by Congress forcing freight rail unions to accept a …

European gas pipe dreams become reality in eastern France

Dec 02 2022

Underneath the lush countryside in eastern France lie the pipelines expected to rescue Europe before a winter without …

Musk's free speech absolutism 'a fantasy'

Dec 02 2022

The limits of Elon Musk's self-professed "free speech absolutism" were laid bare, critics said, by his decision to ban …

Energy crisis driving climate-friendly power savings: IEA

Dec 02 2022

Russia's invasion of Ukraine has driven countries across the world to boost energy efficiency, creating "huge potential" …

Putin says strikes on Ukraine infrastructure 'inevitable'

Dec 02 2022

President Vladimir Putin said on Friday Russia's strikes on Ukrainian infrastructure were "inevitable" as the Kremlin …

UK ex-finance minister joins exodus of Tory MPs

Dec 02 2022

Britain's former finance minister Sajid Javid on Friday said he would not be standing at the next election, as the …

European stocks, oil steady before US jobs data and OPEC

Dec 02 2022

European stock markets and oil prices steadied Friday before key US jobs data and an oil output decision by OPEC and its …

China further relaxes Covid rules after protests

Dec 02 2022

Cities across China further unwound Covid restrictions Friday, loosening testing and quarantine rules in the wake of …

Fed rate hopes weigh on dollar, stocks fall ahead of US jobs data

Dec 02 2022

The dollar struggled to recover Friday from its recent sell-off as traders grew confident the Federal Reserve will slow …

Switzerland fines engineering giant $4.3 mn over S.Africa bribery

Dec 02 2022

Swedish-Swiss engineering giant ABB has been fined four million Swiss francs ($4.3 million) over bribery linked to the …

Musk kicks Kanye West off Twitter after swastika post

Dec 02 2022

Elon Musk kicked Kanye West off Twitter on Friday "for incitement to violence," after the rapper posted a picture that …

Tesla hoping its electric Semi will be heavy duty 'game changer'

Dec 02 2022

US automaker Tesla on Thursday delivered its first battery-powered heavy duty truck, dubbed "Semi," and built to tackle …

'I like Hitler': Kanye doubles down in wild Infowars stream

Dec 01 2022

Kanye West declared his "love" of Nazis and admiration for Adolf Hitler on Thursday, sparking outrage as another …

Dollar falls after Federal Reserve shift in tone, stocks mixed

Dec 01 2022

The dollar continued to retreat Thursday on shifting expectations for US monetary policy, while global stocks finished …

US Congress approves bill to avert major freight rail strike

Dec 01 2022

The US Congress passed legislation Thursday to avert a freight rail strike that could have been devastating for the …