Business and Tech

Britain okays vaccine as global Covid death toll nears 1.5 million

AFP - 24m ago

Britain on Wednesday became the first western country to approve a Covid-19 vaccine for general use, while Japan and …

UK supermarket king Tesco to repay virus tax relief

AFP - 2h ago

Britain's biggest retailer Tesco on Wednesday said it had decided to repay tax relief received this year as part of …

Stocks pause after vaccine-fuelled rally

AFP - 2h ago

Stock markets marked time on Wednesday as a rally fuelled by vaccine hopes petered out despite confirmation that the UK …

Barnier says no guarantee of Brexit trade deal as talks grind on

AFP - 3h ago

Chief EU Brexit negotiator Michel Barnier warned Wednesday he can not guarantee he will strike a trade deal with Britain …

American Airlines Boeing 737 MAX flight aims to reassure

AFP - 3h ago

The Boeing 737 MAX will take another key step in its comeback to commercial travel on Wednesday by attempting to …

Shoppers flock to England's reopened high streets as lockdown ends

AFP - 3h ago

Shoppers returned to England’s high streets Wednesday as shops reopened following the end of a four-week coronavirus …

Virus-hit travel giant TUI secures new 1.8 bn-euro aid package

AFP - 11m ago

German travel giant TUI on Wednesday said it secured a third aid package -- this time worth 1.8 billion euros -- to help …

Stocks slide after vaccine-fuelled rally

AFP - 2h ago

Stock markets retreated Wednesday, as a rally fuelled by vaccine hopes petered out despite confirmation that the UK will …

US private job growth slows in November: ADP

AFP - 5h ago

US private employment continued to grow in November albeit at a slower-than-anticipated rate, according to private data …

African cocoa producers unleash PR offensive on chocolate giants

AFP - 5h ago

The world's two biggest cocoa suppliers, Ivory Coast and Ghana, have taken a tussle with chocolate multinationals to the …

Stocks steady after vaccine-fuelled rally

AFP - 3h ago

Stock markets steadied Wednesday, as a rally fuelled by vaccine hopes petered out with confirmation that the UK will …

Barnier says no guarantee of Brexit trade deal

AFP - 6h ago

Chief EU Brexit negotiator Michel Barnier warned Wednesday he can not guarantee he will strike a trade deal with …

Markets struggle to extend rally but vaccine optimism remains

AFP - 3h ago

Stock markets were mixed Wednesday after the previous strong run-up, with profit-taking playing against vaccine …

Trump threatens military spending veto in social media bias battle

AFP - 11h ago

Donald Trump has threatened to veto a major military funding bill unless Congress abolishes a liability law protecting …

Asian markets struggle to build on rally but optimism remains

AFP - 1h ago

Asian markets were mixed Wednesday after the previous strong run-up, with profit-taking playing against vaccine …

Allies raise a glass to Australia amid China wine dispute

AFP - 14h ago

Australia's global allies voiced support for the country's beleaguered wine industry Wednesday, vowing to down a glass …

Demand for S.African 'superfood' blueberries booming

AFP - 15h ago

Floppy hats and face masks on, hundreds of workers carefully pick a bumper crop of blueberries on the sunny slopes of …

Welsh former steel town Ebbw Vale braces for post-Brexit era

AFP - 13h ago

In a few weeks' time, Britain leaves the European Union single market and Brussels turns off the tap of financial …

Uncertain recovery to follow coronavirus shock

AFP - 16h ago

The coronavirus pandemic triggered a historic global economic shock that required determined government initiative to …

China's 'space dream': A Long March to the Moon and beyond

AFP - 16h ago

China's landing this week of a probe on the Moon -- the first attempt by any nation to retrieve lunar samples in four …

Covid-19 lockdowns drive spike in online child abuse

AFP - 10h ago

Out-of-school kids and adult predators spending more time at home and on the internet during the coronavirus pandemic is …

Lab developing device to help Earth dodge asteroids

AFP - 16h ago

In a corner of the campus at Riga Technical University, a team of scientists is working on technology that could one day …

Australia exits first recession in almost 30 years

AFP - 16h ago

Australia has exited its first recession in almost 30 years, after official figures on Wednesday showed the economy grew …

Greece's undeclared workers hit hard by virus lockdown

AFP - 17h ago

Every time Elisa drives to a client's house for a hairdressing job, she makes sure to pack a bag of groceries in the car …

Biden pledges help 'on the way' for US economy

AFP - 2h ago

President-elect Joe Biden presented his economic team on Tuesday and pledged they would lead the charge on a plan to …

The bookseller of Kinshasa: A lone fight to help DR Congo's bookworms

AFP - 14h ago

In the aircraft hold, Alpha Ramazani has stowed a precious cargo.

Salesforce to buy Slack in $27.7 bn software megadeal

AFP - 14h ago

Salesforce on Tuesday announced a $27.7 billion deal to buy online collaboration firm Slack, giving the business …

Nasdaq seeks US approval to require board diversity

Dec 01 2020

Citing sluggish progress in appointing non-white directors, the Nasdaq announced Tuesday it was seeking US regulatory …

Stocks rally on economic recovery hopes

Dec 01 2020

Stock markets rallied Tuesday on economic recovery hopes fueled by upbeat Chinese data and expectations for Covid …

US Supreme Court considers firms' liability for Africa child slavery

Dec 01 2020

The US Supreme Court considered Tuesday whether two major corporations -- Nestle USA and Cargill -- can be held …

Biden calls on US Congress to pass 'robust' relief plan

Dec 01 2020

President-elect Joe Biden on Tuesday called on Congress to quickly approve a "robust" aid plan to address the Covid-19 …

'Sabre-toothed tiger' skeleton up for auction

Dec 01 2020

A nearly 40-million-year-old skeleton belonging to what is popularly called a sabre-toothed tiger is going under the …

BlackBerry, Amazon team up on smart car software platform

Dec 01 2020

BlackBerry and Amazon on Tuesday announced an alliance to create a cloud computing platform that cars could link to for …

US lawmakers renew stimulus push as focus shifts to Biden team

Dec 01 2020

President-elect Joe Biden will present his economic team on Tuesday, as a bipartisan group of legislators makes a …

US lawmakers renew stimulus push as focus shifts to Biden

Dec 01 2020

President-elect Joe Biden will present his economic team on Tuesday, as a bipartisan group of senators make a renewed …

Virus hampers US manufacturing growth in November: survey

Dec 01 2020

The US manufacturing sector continued to grow in November but the coronavirus pandemic was still exacting a toll, …

Facebook 'supreme court' begins daunting task on content disputes

Dec 01 2020

Facebook's "supreme court" tasked with deciding on allowing or removing sensitive and harmful content has begun …

Airbnb seeks valuation up to $35 bn in IPO filing

Dec 01 2020

Airbnb is seeking to raise some $2.6 billion in its upcoming share offering, which could give the home-sharing giant a …

Dublin has shopping fever as Ireland ends second virus lockdown

Dec 01 2020

Dublin thronged with face-masked Christmas shoppers on Tuesday as Ireland ended a second partial coronavirus lockdown, …

Collapse of two UK retailers puts 25,000 jobs at risk

Dec 01 2020

Debenhams and Topshop-owner Arcadia, two of Britain's biggest clothing retailers, stood on the brink of collapse Tuesday …

OPEC delays talks with allies until Thursday

Dec 01 2020

The members of the OPEC oil producers cartel decided Tuesday to delay by two days talks with their allies over a …

World economy back to pre-pandemic level in 2021: OECD

Dec 01 2020

The global economy may get back to pre-pandemic levels by the end of next year as vaccines help propel recovery, but …

US hits Chinese company over Venezuela internet curbs

Dec 01 2020

The United States on Monday imposed sanctions on a major Chinese electronics and engineering company for assisting …

Stock markets resume rally as traders focus on virus jabs

Dec 01 2020

Markets rallied Tuesday as investors resumed their vaccine-fuelled buying spree, though traders were kept in check by …

China factory activity sees fastest growth in decade: survey

Dec 01 2020

Activity in China's factories expanded at its fastest pace in a decade last month, data showed Tuesday, the latest sign …

Asian markets resume rally as traders focus on virus jabs

Dec 01 2020

Asian markets rallied Tuesday as investors resumed their vaccine-fuelled buying spree, though traders were kept in check …

Philip Green: crown slips for 'king of high street'

Dec 01 2020

Philip Green is a rough-around-the-edges entrepreneur knighted for services to retail before scandals, a bankruptcy and …

Unilever New Zealand to trial four-day work week

Dec 01 2020

Unilever New Zealand said on Tuesday it would trial a four-day work week for staff in the country, with no cut to their …

Mars and Hershey's accused of avoiding fair pay for cocoa farmers

Dec 01 2020

Two of the world's largest cocoa producers have accused Hershey's and Mars of avoiding paying a bonus that helps boost …

Biden taps Yellen to lead barrier-breaking economic team

Dec 01 2020

President-elect Joe Biden announced Monday he will nominate former Federal Reserve chair Janet Yellen to lead the …

S&P Global gobbles up IHS Markit in $44 bn deal

Dec 01 2020

Credit ratings giant S&P Global reached an all-stock deal to buy IHS Markit for $44 billion, the companies announced …

Bank of America latest to say no to financing Arctic drilling

Dec 01 2020

Bank of America said Monday that it would not finance oil and gas drilling projects in the Arctic, the latest large US …

Facebook, Google becoming 'human rights-free zones' in Vietnam: Amnesty

Dec 01 2020

Facebook and Google are fast becoming "human rights-free zones" in Vietnam, Amnesty International warned Tuesday, …

US watchdog finds flaws in key unemployment data

Nov 30 2020

A US government watchdog said Monday that a key measure of unemployment is based on flawed data, making assessing the …

Canada virus measures push deficit to record Can$382 bln

Nov 30 2020

Canada's budget deficit is projected to balloon to a record Can$382 billion (US$284 billion) as government spending …

Fed's Powell stresses economic uncertainty, Mnuchin hails recovery

Nov 30 2020

Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell offered mirror images of the state of the US …

Stocks slip as infections overshadow vaccine hopes

Nov 30 2020

Global equity markets fell back Monday as hopes that Covid-19 vaccines will soon be rolled out were overshadowed by …

Exxon Mobil to write down assets by up to $20 bn in Q4

Nov 30 2020

Exxon Mobil said Monday it will write down as much as $20 billion in assets as the oil giant slashes capital spending …

DoorDash aims to raise more than $2 bn with IPO

Nov 30 2020

Food delivery service DoorDash aimed to raise upwards of $2 billion in a stock market debut valuing the startup at more …

UK retailer Arcadia enters into administration

Nov 30 2020

British clothing retail group and Topshop owner Arcadia, ravaged by coronavirus lockdowns and fierce online competition, …

OPEC+ meeting Tuesday will seek to agree on extended production cuts

Nov 30 2020

The OPEC oil producers' club will hold a second day of talks on Tuesday, as they attempt to reach agreement on extending …

Facebook buys online customer service startup Kustomer

Nov 30 2020

Facebook on Monday announced it is buying a startup specializing in helping businesses interact with customers online.

Under-threat UK retailer Arcadia rejects emergency loan offer

Nov 30 2020

British clothing retail group and Topshop owner Arcadia, ravaged by coronavirus lockdowns and fierce online competition, …

Bitcoin on record tear towards $20,000

Nov 30 2020

Top virtual currency bitcoin briefly soared to a new high Monday, heading towards $20,000 per unit.

GM won't take stake in electric-truck startup Nikola

Nov 30 2020

General Motors terminated a transaction to take a stake in Nikola, but reached a preliminary agreement to supply its …

Biden taps Janet Yellen as Treasury secretary

Nov 30 2020

US President-elect Joe Biden on Monday formally tapped ex-Federal Reserve chair Janet Yellen to lead the Treasury, as he …

OPEC begins meeting to mull extension of production cuts

Nov 30 2020

As the coronavirus pandemic continues to weigh on global oil demand, the OPEC oil producers' club on Monday began a …

Stocks mostly drop as infections overshadow vaccine hopes

Nov 30 2020

Global equity markets mostly fell Monday as hopes that vaccines will soon be rolled out were overshadowed by concerns …

Moderna requests US, Europe vaccine approvals after full results

Nov 30 2020

US firm Moderna said it would file requests for emergency authorization of its Covid-19 vaccine in the United States and …

Moderna says will request US, Europe vaccine authorization Monday

Nov 30 2020

US firm Moderna said it would file requests for emergency authorization of its Covid-19 vaccine in the United States and …

Unilever becomes wholly British company

Nov 30 2020

Consumer goods giant Unilever said Monday that it has become a wholly British company, completing a historic merger of …

OPEC to discuss extension of output cuts beyond January

Nov 30 2020

The OPEC oil producers' club will meet virtually Monday to mull over an extension to production cuts as the coronavirus …

Taiwan's GlobalWafers in talks to buy German rival Siltronic

Nov 30 2020

Taiwan's GlobalWafers, the world's third-largest maker of semiconductor wafers, confirmed Monday it is in advanced talks …

Italy fines Apple 10 mn euros for water damage claims

Nov 30 2020

Italy's competition authority said Monday it had fined Apple 10 million euros ($12 million) for misleading claims about …

Italian women hope post-virus recovery will bring change

Nov 30 2020

Whether through new nurseries or bridging the gender pay gap, many Italian women hope a post-pandemic recovery plan will …

UK's Big Four auditors await shake-up as corruption probes add up

Nov 30 2020

Britain's audit sector, dominated by the so-called Big Four accountancy giants, is shortly expected to discover how it …

Stocks drop as virus cases overshadow vaccine rollout hopes

Nov 30 2020

Equity markets fell Monday as hopes that vaccines will soon be rolled out were overshadowed by concerns over a pick-up …

Owner of UK's Topshop facing collapse despite loan offer: BBC

Nov 30 2020

British clothing retailer Arcadia, ravaged by coronavirus lockdowns and fierce online competition, remains on the brink …

Tokyo Stock Exchange CEO quits over October shutdown

Nov 30 2020

The head of the Tokyo Stock Exchange has stepped down after accepting responsibility for an unprecedented day-long …

Asia stocks drop as virus cases overshadow vaccine roll-out hopes

Nov 30 2020

Asian markets fell Monday as hopes that vaccines will soon be rolled out were overshadowed by concerns over a pick-up in …

China factory activity edges up in November: official data

Nov 30 2020

China's factory activity grew at its fastest pace in over three years in November, official data showed Monday, as the …

How the Arab uprisings were weakened by online fakes

Nov 30 2020

The Arab uprisings a decade ago were supercharged by online calls to join the protests -- but the internet was soon …

Arab Spring: the first smartphone revolution

Nov 30 2020

Social media and smartphones briefly gave youthful Arab Spring protesters a technological edge that helped topple ageing …

Mexico braces for close trade scrutiny from Biden

Nov 30 2020

After years of fiery rhetoric from outgoing President Donald Trump, Mexico is bracing for more discreet but steadfast …

Drive-ins, scattered huts: German Xmas markets find ways around virus

Nov 29 2020

Chestnuts roasting, mulled wine steaming and music blaring from wooden chalets lined with artificial snow -- the …

Europe virus toll crosses 400,000, shops reopen in France

Nov 28 2020

Coronavirus deaths topped 400,000 Saturday in Europe, the world's second worst-hit region, as parts of the continent …

UK's sole hydrogen car maker bets on green revolution

Nov 28 2020

Hydrogen-powered car manufacturer Riversimple is hoping to steal a march on competitors ahead of Britain's promised …

Parts of Europe reopen stores, Los Angeles sees new virus curbs

Nov 28 2020

Parts of Europe will reopen stores on Saturday in time for the holiday season after progress in containing the …

Sticking points as post-Brexit talks enter final phase

Nov 28 2020

Negotiations between Britain and Europe on their post-Brexit trade relationship are at a critical moment, with a deal …

Mixed retailer optimism on 'Black Friday' amid pandemic

Nov 28 2020

The coronavirus is clouding "Black Friday" much as it has overshadowed 2020 in general, but some leading experts still …

Germany hits million cases as Russia links up with India on vaccine

Nov 27 2020

Germany, once a beacon of hope in Europe's coronavirus nightmare, logged more than one million cases on Friday, while …

Global stocks mostly rise as S&P, Nasdaq notch fresh records

Nov 27 2020

Major US stock indices drifted to fresh records Friday as markets continued to look past rising coronavirus cases toward …

US Operation Warp Speed backed vaccines for whole world

Nov 27 2020

President Donald Trump's announcement in May of plans to develop a Covid-19 vaccine by year's end is near realization -- …

Equities mostly higher heading into weekend

Nov 27 2020

Stock markets advanced Friday, even if activity was subdued owing to the absence of many traders in the United States, …

Germany hits million cases as Russia links up with India for vaccine

Nov 27 2020

Germany, once a beacon of hope in Europe's coronavirus nightmare, logged its one millionth case on Friday, while Russia …

UK to impose tougher rules on Google, Facebook

Nov 27 2020

Britain announced Friday it will set up a watchdog to regulate tech giants such as Facebook and Google, help protect …

European equities mixed heading into weekend

Nov 27 2020

European stocks were mixed Friday, falling in London but rising in Frankfurt and Paris, with investor sentiment subdued …

Tesla recalls 870 cars in China over defective roofs

Nov 27 2020

US electric car maker Tesla is recalling 870 vehicles in China over defective roofs, part of which could fall off, …

China imposes anti-dumping measures on Australian wine

Nov 27 2020

China on Friday said it would impose anti-dumping tariffs on Australian wine, the latest salvo in an increasingly terse …

Former Citgo oil executives jailed in Venezuela

Nov 27 2020

Six US-connected former oil company executives have been sentenced to between eight and 13 years in prison, Venezuela's …

Asia markets extend rally into the weekend

Nov 27 2020

Asian markets maintained their upward momentum Friday, heading into the weekend on a strong note with investors …

Germany hits million virus cases as vaccine doubt emerges

Nov 27 2020

Germany, once a beacon of hope in Europe's coronavirus nightmare, logged its one millionth case on Friday, as questions …