Business and Tech



British billionaire Ratcliffe completes purchase of minority stake in Man Utd

AFP - 10h ago

British billionaire Jim Ratcliffe said becoming a co-owner of Manchester United is a "great honour" and "responsibility" …

OECD ups world growth forecast but sees Middle East 'risk'

AFP - Feb 05 2024

The OECD raised its 2024 world economic growth forecast Monday but warned that the Middle East conflict posed a risk, …

Europe stocks rise despite blockbuster US jobs data

Feb 05 2024

Europe's stock markets rose Monday as investors continued to shrug off red-hot US jobs data and comments by Federal …

Cascading light and 'wobbling' orbs at new Tokyo art museum

Feb 05 2024

It's immersive, interactive and, of course, Instagrammable -- and now the digital art of Japanese collective teamLab, a …

Swiss watchmaker says it's time to make luxury sustainable

Feb 05 2024

Vegetal leather and recycled stainless steel melted in a solar oven are among the materials a Geneva watch brand is …

Turkey's January inflation piles pressure on central bank

Feb 05 2024

Turkey's annual inflation rate stayed stable in January at nearly 65 percent, but month-on-month consumer price …

S. Korean court acquits Samsung chief over 2015 merger case

Feb 05 2024

A South Korean court acquitted Samsung Electronics chief Lee Jae-yong on Monday of a raft of crimes linked to a …

Asia markets mixed as blockbuster US jobs batter rate cut hopes

Feb 05 2024

Asian markets were mixed Monday after a forecast-busting US jobs report and comments by Federal Reserve boss Jerome …

S. Korean court acquits Samsung chief over 2015 merger case: Yonhap

Feb 05 2024

A South Korean court acquitted Samsung Electronics chief Lee Jae-yong on Monday of a raft of crimes linked to a …

Asia markets take a hit as blockbuster US jobs batter rate cut hopes

Feb 05 2024

Asian markets mostly fell Monday after a forecast-busting US jobs report and comments by Federal Reserve boss Jerome …

Biden robocall: Audio deepfake fuels election disinformation fears

Feb 05 2024

The 2024 White House race faces the prospect of a firehose of AI-enabled disinformation, with a robocall impersonating …

Parisians vote in anti-SUV parking price referendum

Feb 04 2024

Paris voters on Sunday backed a proposal from the capital's socialist mayor Anne Hidalgo to triple parking charges on …

Parisians vote in anti-SUV parking and pollution referendum

Feb 04 2024

Parisians were voting on Sunday in a referendum on tripling parking costs for hefty SUV-style cars, a campaign that has …

Khan's party navigates Pakistan blackouts to keep campaign alive

Feb 04 2024

Former prime minister Imran Khan's party has redefined election campaigning in Pakistan with its social media rallies …

Parisians called to vote on SUV parking surcharge

Feb 04 2024

Parisians will be asked to vote Sunday on whether to triple the cost of parking Sports Utility Vehicles (SUVs) in the …

China's Tencent fires more than 120 workers for fraud

Feb 04 2024

Chinese tech giant Tencent said it last year dismissed more than 120 employees for violating its anti-fraud rules, …

Airlines learn patience in constrained Airbus-Boeing duopoly

Feb 04 2024

With the latest Boeing crisis, airlines are staring down more delays, a familiar problem in a market in which both the …

US patient 'happy again' after brain implant treats epilepsy and OCD

Feb 04 2024

American Amber Pearson used to wash her hands until they bled, terrified by the idea of contamination from everyday …

Tractors converge on Rome as farmers protest across Europe

Feb 03 2024

A convoy of tractors was poised Saturday to descend on Rome as farmers' protests caused disruptions across Europe, …

Fake news, online hate swell Indonesia anti-Rohingya sentiment

Feb 03 2024

Arriving on a rickety boat in western Indonesia from squalid Bangladesh camps after weeks at sea late last year, …

Argentine president's reforms pass first test in Congress

Feb 02 2024

Argentine lawmakers took a first step Friday toward approving President Javier Milei's sweeping economic, social and …

US Fed 'not yet' at the point of rate cuts, official says

Feb 02 2024

The US Federal Reserve is on the right track in its inflation fight, but "not yet" at the point where it should begin …

Erdogan picks ex-Amazon economist to head Turkey central bank

Feb 02 2024

President Recep Tayyip Erdogan on Friday picked a former senior economist at the US online retail giant Amazon as the …

Six unpaired Michael Jordan sneakers sell for $8 mn

Feb 02 2024

Six single Nike Air Jordans, worn by the eponymous basketball star in the 1990s, sold Friday for a record $8 million, …

Turkey's pro-market bank chief resigns after scandal

Feb 02 2024

Turkey's central bank chief Hafize Gaye Erkan said Friday she was resigning after less than a year in office over a …

German airline Discover's pilots to strike

Feb 02 2024

Pilots with the German airline Discover, a subsidiary of Lufthansa, announced they would stage a fresh 48-hour strike …

Shipper CMA CGM suspends Red Sea transit again

Feb 02 2024

French maritime transporter CMA CGM has again suspended the transit by its vessels of the Red Sea, where Iran-backed …

Lower profits at US oil giants still mighty enough for big investor payouts

Feb 02 2024

ExxonMobil and Chevron reported lower but still strong profits Friday as they push ahead with hefty shareholder payouts …

US Apple fans get hands on pricey Vision Pro headset

Feb 02 2024

Eager customers lined up outside US Apple stores Friday to nab the first Vision Pro headsets, a $3,499 device that is …

EU states greenlight landmark new AI rules

Feb 02 2024

EU member states on Friday approved landmark rules on reining in artificial intelligence, after tough last-mile …

UK judge dismisses Greta Thunberg protest case

Feb 02 2024

A London court threw out a public order case on Friday against climate activist Greta Thunberg and four other …

Dollar dazzles after hot US jobs data

Feb 02 2024

Red-hot US jobs data sent the dollar and bond yields higher on Friday as chances of an early interest rate cut faded.

US jobs market defies expectations of January slowdown

Feb 02 2024

The US labor market smashed expectations last month in a surprise hiring pick-up, government data showed Friday, with a …

Did Australian invent bitcoin? UK court examines claim

Feb 02 2024

A court case starting in London on Monday will seek to determine whether Australian computer scientist Craig Wright …

German MPs approve controversial 2024 budget

Feb 02 2024

Germany's parliament on Friday approved a revised 2024 budget that will reinstate strict debt limits after a shock legal …

Europe stocks rise on US tech results, before key data

Feb 02 2024

European equities rose Friday as investors digested bright tech earnings and awaited key US jobs data.

Hit them in the pocket: how cities are going after SUVs

Feb 02 2024

Two decades after London began moves to clamp down on sports utility vehicles, Parisians on Sunday will vote on whether …

Hong Kong quits e-sports cup that could not show 'China' in team name

Feb 02 2024

Hong Kong has withdrawn from the eAsian Cup in Qatar because the football video game used by the event could not display …

Super League could start next season: Barca chief Laporta

Feb 02 2024

Barcelona president Joan Laporta said Friday that a European Super League project could begin as soon as next season, …

Public transport walkout hits strike-battered Germany

Feb 02 2024

Public transport workers across Germany walked off the job on Friday in the latest industrial action to buffet Europe's …

China economic slowdown to persist through 2028: IMF

Feb 02 2024

China's economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging …

Most markets advance after tech-fuelled Wall St surge

Feb 02 2024

Stock markets rose Friday, tracking a surge on Wall Street fuelled by bargain-buying from the previous day's sell-off, …

Asian markets advance after tech-fuelled Wall St surge

Feb 02 2024

Asian markets rose Friday, tracking a surge on Wall Street fuelled by bargain-buying from the previous day's sell-off, …

Asian markets rally after tech-fuelled Wall St surge

Feb 02 2024

Asian markets rallied Friday, tracking a surge on Wall Street fuelled by bargain-buying from the previous day's …

Meta, Amazon beat expectations with stellar results

Feb 02 2024

Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech continued to impress …

US Apple fans get hands on $3,500 Vision Pro

Feb 02 2024

US Apple stores on Friday will start selling the Vision Pro, the tech giant's $3,499 headset and its first major release …

Apple promises AI innovation as China iPhone sales slip

Feb 01 2024

Apple chief Tim Cook on Thursday promised the tech titan has artificial intelligence news in store as shares suffered …

US govt sends drugmakers initial offers in price talks

Feb 01 2024

The US government said it was making initial offers to drugmakers Thursday as part of Medicare negotiations meant to …

Amazon results beat expectations after record holiday sales

Feb 01 2024

Online retail giant Amazon on Thursday said sales jumped to a more-than-expected $170 billion in the last quarter of …

US stocks rebound after Fed rate disappointment

Feb 01 2024

Wall Street rebounded on Thursday as shares in US tech titans rose after a selloff that was sparked by the US Federal …

IMF says central banks should not rush into rate cuts

Feb 01 2024

The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they …

Publicis settles opioid case with US states for $350 mn

Feb 01 2024

Publicis Health will pay $350 million to settle charges from US states that its "predatory and deceptive marketing …

The Facebook users redefining the 20-year-old social network

Feb 01 2024

From California to Southeast Asia, Facebook is capturing a new generation of users who see it as a commercial tool …

TikTok pulls Taylor Swift, Weeknd in rights feud

Feb 01 2024

Music by Taylor Swift, The Weeknd, The Beatles and other artists can no longer be heard on TikTok after a breakdown in …

Shell profit tumbles on falling oil and gas prices

Feb 01 2024

British energy giant Shell on Thursday said its net profit more than halved to $19.4 billion last year as oil and gas …

Which dogs live the longest? Small ones with long noses

Feb 01 2024

Small dogs with long noses, such as whippets and miniature dachshunds, live for years longer than large flat-faced …

Barcelona faces water restrictions as drought emergency declared

Feb 01 2024

Spain's second city Barcelona and much of the surrounding region of Catalonia entered a drought emergency Thursday, …

French farmers' unions call for end to roadblock protests

Feb 01 2024

France's leading farming unions called Thursday to end nationwide roadblocks over pay, tax and regulation after securing …

'Labour is the party of business,' UK's Starmer tells corporate bigwigs

Feb 01 2024

UK opposition leader Keir Starmer promised Britain's corporate community Thursday that his Labour party would better …

Hundreds of farmers protest at Greek agriculture fair

Feb 01 2024

Hundreds of Greek farmers on Thursday converged on the country's second city Thessaloniki to demand aid increases, as …

Shares in banking giants BNP, ING fall despite hefty profits

Feb 01 2024

Shares in European banking giants BNP Paribas and ING tumbled on Thursday as disappointing fourth-quarter results took …

France offers cash and support to protesting farmers

Feb 01 2024

France's government offered a slew of new concessions Thursday to farmers, hoping to calm anger behind tractor blockades …

Farmers take protest to EU leaders

Feb 01 2024

European farmers took their growing protest over low prices and the threat of competition from South American agri-food …

Bank of England freezes rate as inflation stays high

Feb 01 2024

The Bank of England froze its key interest rate Thursday for a fourth meeting in a row, matching US Federal Reserve …

Catalonia declares drought emergency for Barcelona

Feb 01 2024

Spain's northeastern Catalonia region declared a drought emergency for Barcelona on Thursday and the surrounding area, …

Thousands strike in Finland over labour reform

Feb 01 2024

A massive Finnish strike movement kicked off on Thursday, grounding most air traffic and closing workplaces in a protest …

Stock markets stumble as Fed crushes March rate cut hope

Feb 01 2024

Most Asian and European stock markets fell Thursday following a Wall Street selloff, after the US Federal Reserve poured …

Eurozone inflation slows to 2.8% in January

Feb 01 2024

Eurozone inflation fell in January due to a slowdown in food price increases, official data showed Thursday, but the …

Defiant French farmers stick to barricades

Feb 01 2024

France's farmers showed little sign on Thursday of abandoning their protest despite government concessions in response …

Deutsche Bank to cut jobs after drop in 2023 profit

Feb 01 2024

Germany's biggest lender Deutsche Bank on Thursday announced plans to slash 3,500 jobs as part of a major cost-cutting …

Shell profit tumbles on lower oil prices

Feb 01 2024

Shell said Thursday that its net profit more than halved to $19.4 billion in 2023 on lower energy prices, after …

Most Asian markets retreat as Fed crushes March rate cut hope

Feb 01 2024

Asian equities were mixed Thursday following a sell-off on Wall Street after the US Federal Reserve poured cold water on …

Facebook, the social network old-timer, turns 20

Feb 01 2024

Founded 20 years ago as a simple hangout spot for young people, Facebook has since become a battle-hardened behemoth …

IMF authorizes $4.7 bn for Argentina after Milei's 'bold' reforms

Feb 01 2024

The International Monetary Fund on Wednesday approved a fresh $4.7 billion for Argentina, praising the new …

Brazil's Lula still losing digital battle to Bolsonaro

Feb 01 2024

Wearing a blue shirt with the sleeves rolled up, President Luiz Inacio Lula da Silva smiles as he gushes on his love of …

Boeing CEO says company focused on safety, won't discuss financial targets

Jan 31 2024

Boeing will refrain from commenting on its financial outlook while it focuses on quality control after a …

Cuba delays 500% fuel price hike over 'cybersecurity' incident

Jan 31 2024

Cuba's government on Wednesday delayed a planned 500 percent surge in the fuel price after a "cybersecurity incident," …

US Fed holds key rate steady, says March cut unlikely

Jan 31 2024

The US Federal Reserve voted Wednesday to leave interest rates unchanged for the fourth straight meeting and said it was …

US Fed holds key rate steady for fourth straight meeting

Jan 31 2024

The US Federal Reserve voted Wednesday to leave interest rates unchanged for the fourth straight meeting, and hinted it …

French prosecutors probe Nestle over mineral water treatments

Jan 31 2024

French prosecutors said on Wednesday they had opened an investigation into suspected fraudulent practices by the waters …

US lawmakers grill tech CEOs over youth safety

Jan 31 2024

Meta CEO Mark Zuckerberg and the chief executives of TikTok, X, Discord and Snap faced a grilling by hostile US …

Dire Straits legend's guitars garner six-figure sales

Jan 31 2024

Several guitars put up for sale by Mark Knopfler, the former frontman of British rock group Dire Straits, on Wednesday …

EU to shield farmers threatened by Ukraine imports

Jan 31 2024

With farmers venting their anger across Europe, the European Union said Wednesday it would create "safeguards" to stop …

Biogen pulls controversial Alzheimer's drug Aduhelm

Jan 31 2024

A controversial Alzheimer's drug that was trumpeted as the first to ever treat the cognitive decline associated with the …

UK opposition Labour courts business before election

Jan 31 2024

With a UK general election looming, the country's main opposition Labour party is starting to persuade business and …

Stocks waver as US tech shares fall, Fed meets on rates

Jan 31 2024

Stock markets wavered on Wednesday as shares in major US tech companies fell and investors awaited a key Federal Reserve …

US Fed rate decision could hold clues on timing of future cuts

Jan 31 2024

The US Federal Reserve is almost certain to hold its key lending rate steady for a fourth consecutive meeting on …

Netherlands fines Uber over data protection

Jan 31 2024

Dutch regulators on Wednesday imposed a 10 million euro ($10.8 million) fine on ride-hailing app Uber for lack of …

Tech CEOs face US Senate grilling over youth content

Jan 31 2024

Meta CEO Mark Zuckerberg and the chief executives of X, TikTok, Discord and Snap face a grilling by US lawmakers on …

Waiting out Bukele's 'Bitcoin City' on a Salvadoran beach

Jan 31 2024

When President Nayib Bukele announced plans to create the world's first "Bitcoin City," a futuristic metropolis financed …

EU to shield farmers threatened by Ukraine farm imports

Jan 31 2024

With farmers venting their anger across Europe, Brussels moved Wednesday to address two of their core grievances: …

Macron calls for a less regulated Europe

Jan 31 2024

French President Emmanuel Macron said Wednesday that Europe needs "smarter" and less regulated industrial and energy …

US private sector job gains slow in January as labor market cools

Jan 31 2024

Private sector hiring in the United States slowed more than anticipated this month, according to data Wednesday from …

Boeing results top estimates as it commits to improve quality control

Jan 31 2024

Boeing reported a smaller than expected loss Wednesday, while pledging to take "comprehensive" actions to bolster …

US private sector job gains slow more than expected in January

Jan 31 2024

Private sector hiring in the United States fell more than anticipated in January, according to data Wednesday from …

Macron calls in Sweden for a less regulated Europe

Jan 31 2024

French President Emmanuel Macron said Wednesday that Europe needed a "smarter" and less regulated industrial and energy …

Global stocks swing before Fed rate call

Jan 31 2024

World stock markets diverged Wednesday after a tepid performance on Wall Street, with all eyes on the US Federal …

Weight-loss drug maker Novo Nordisk's profit surges as sales boom

Jan 31 2024

Danish pharmaceutical giant Novo Nordisk posted bumper profits for 2023 on Wednesday, driven by blockbuster sales of …

Santander posts record profit in 2023 after rate hikes

Jan 31 2024

Spanish banking giant Santander posted a record 11.1-billion-euro ($12 billion) net profit for 2023 on Wednesday as …

H&M shares tumble as CEO steps down

Jan 31 2024

H&M chief executive Helena Helmersson announced Wednesday she was stepping down, sending shares in the fashion retailer …

China quietly expanding influence in Taliban-ruled Afghanistan

Jan 31 2024

While most of the world treats Afghanistan's Taliban government as a pariah, China is growing diplomatic and economic …

Asian markets swing as traders eye Fed, US jobs and earnings

Jan 31 2024

Asian equities were mixed Wednesday after a tepid performance on Wall Street, with traders keenly awaiting what the …