Business and Tech

Saudi Aramco unveils record $48.4 billion profit in Q2

AFP - 1h ago

Oil giant Saudi Aramco on Sunday unveiled record profits of $48.4 billion in the second quarter of 2022, after Russia's …

'Now Hiring': US employers struggle to find enough workers

AFP - 7h ago

Salespeople, food servers, postal workers -- "Help Wanted" ads are proliferating across the United States, as companies …

Gaming industry feels squeeze after pandemic boom

AFP - 8h ago

In the height of the pandemic, video games offered people solace in isolation. But now that life is slowly returning to …

Kenya's 'mama mboga' pinning their hopes on the future president

Aug 13 2022

Behind her makeshift stall in the Kenyan town of Eldoret, just a blue plastic sheet on the ground strewn with bunches of …

Albanian farmer feeds coffee to fields amid fertiliser crunch

Aug 13 2022

With the pandemic and the Ukraine conflict sending fertiliser prices through the roof, Albanian farmer Alban Cakalli has …

What's in Biden's big climate and health plan?

Aug 12 2022

Hundreds of billions of dollars for clean energy projects, cheaper prescription drugs and new corporate taxes are a few …

US lawmakers pass landmark climate, health plan in big win for Biden

Aug 12 2022

US lawmakers on Friday adopted President Joe Biden's sprawling climate, tax and health care plan -- a major win for the …

Stock markets still buoyed by US inflation data

Aug 12 2022

Stock markets rose on Friday, still riding the positive US inflation data from earlier this week as investors mull the …

US to boost Taiwan trade, conduct transits in straits

Aug 12 2022

The United States is responding to China's "provocative" behavior on Taiwan by boosting trade with the democratically …

Easyjet pilots strike in Spain

Aug 12 2022

Easyjet's Spanish pilots walked out on Friday, calling for the reinstatement of conditions they enjoyed before the …

What's in Biden's big climate and health bill?

Aug 12 2022

Hundreds of billions of dollars for clean energy projects, cheaper prescription drugs and new corporate taxes are a few …

US lawmakers set to pass major climate, health bill in big win for Biden

Aug 12 2022

US lawmakers on Friday were expected to adopt President Joe Biden's sprawling climate, tax and health care plan -- a …

Ethiopia says completes third filling of Nile mega-dam

Aug 12 2022

Ethiopia announced Friday it has completed the third filling of its mega-dam on the Blue Nile, a new milestone that …

Stock markets mostly rise, oil drops

Aug 12 2022

Stock markets mostly rose, the dollar rallied and oil prices fell Friday as traders attempt to guess the size of the US …

Premature harvests latest test for French winemakers

Aug 12 2022

Forced to start picking grapes much earlier than normal because of torrid temperatures, winemakers across France are …

Huawei revenue down 5.9 percent in first half of 2022

Aug 12 2022

Huawei's revenue dipped by just under six percent in the first half of 2022, company figures showed Friday, as the …

Iran seeks 3 more Khayyam satellites

Aug 12 2022

Iran plans to commission three more versions of a satellite launched this week by Russia, Tehran's government spokesman …

Ethiopia says completes third filling of mega-dam reservoir

Aug 12 2022

Ethiopia has completed the third filling of its mega-dam reservoir on the Blue Nile, Prime Minister Abiy Ahmed said …

Stock markets mixed as traders contemplate more rate hikes

Aug 12 2022

Markets were mixed Friday, with traders struggling to build on the previous day's rally as they come to terms with the …

UK economy closes in on recession

Aug 12 2022

Britain's economy shrank in the second quarter, official data showed Friday, as the country heads towards recession …

South Korea pardons Samsung boss 'to help the economy'

Aug 12 2022

The heir and de facto leader of the Samsung group received a presidential pardon Friday, continuing South Korea's long …

US attorney general says 'personally approved' Trump home search

Aug 12 2022

US Attorney General Merrick Garland said Thursday he had "personally approved" the dramatic raid on Donald Trump's …

Asian markets struggle as traders contemplate more rate hikes

Aug 12 2022

Asian markets mostly fell Friday, winding back some of the previous day's rally, as traders come to terms with the …

'Hopeless': Chinese homebuyers run out of patience with developers

Aug 12 2022

Newly married and with his first child on the way, auto worker Wang wanted to move into the apartment he bought in Wuhan …

EV maker Rivian's losses nearly triple to $1.7 bn as production ramps up

Aug 12 2022

Electric automaker Rivian on Thursday said its losses had nearly tripled to $1.7 billion in the second quarter, but that …

EV maker Rivian's losses nearly triple to $1.7 bn as production ramps

Aug 11 2022

Electric automaker Rivian on Thursday said its losses had nearly tripled to $1.7 billion in the second quarter, but that …

Sixth probe opened into Peruvian president after relative detained

Aug 11 2022

Peruvian prosecutors have opened a sixth criminal investigation into President Pedro Castillo for alleged corruption …

Stocks mixed as markets weigh improving US inflation data

Aug 11 2022

Global stocks finished mixed on Thursday as investors weighed whether a second straight upbeat US inflation report could …

Attorney general says 'personally approved' Trump home search

Aug 11 2022

US Attorney General Merrick Garland said Thursday he had "personally approved" the dramatic raid on Donald Trump's …

Ethiopia starts power generation from second turbine at mega-dam

Aug 11 2022

Ethiopia kickstarted electricity production from the second turbine at its controversial mega-dam on the Blue Nile on …

Iraq to provide Lebanon with fuel for another year: Lebanon PM

Aug 11 2022

Iraq has agreed to renew a one-year deal to provide Lebanon with fuel for its power plants in exchange for in-kind …

US gas prices fall below $4 for first time since March

Aug 11 2022

It's not too late for a road trip: The US average price of gasoline at the pump has finally fallen below $4.00 a gallon, …

Stocks rise on more positive inflation data

Aug 11 2022

Stock markets were mostly higher on Thursday after new US data suggested that inflation could indeed be slowing in the …

'Mac is back': McDonald's plans 'phased' reopening in Ukraine

Aug 11 2022

McDonald's announced plans Thursday for a "phased" partial reopening of restaurants in Ukraine, where operations have …

Stocks steady on more positive inflation data

Aug 11 2022

Stock markets steadied on Thursday after new US data suggested that inflation could indeed be slowing in the world's …

European stocks dip as high inflation concerns linger

Aug 11 2022

European stock markets eased on Thursday as investors took profit from the gains notched up the previous day on …

Low Rhine deepens Germany's energy crisis

Aug 11 2022

A hot, dry July made worse by climate change has raised the risk that the German economy could run aground as sinking …

Markets track Wall St rally as soft US inflation boosts rate hopes

Aug 11 2022

Asian markets rallied Thursday as investors breathed a sigh of relief after data showed US inflation finally easing from …

Brazil farmers bet on environmentally friendly cotton

Aug 11 2022

The road through Cristalina, Brazil is in the middle of the tropics, but the fields on either side look like they are …

Chinese medical portal censored after doubting herbal 'Covid remedy'

Aug 11 2022

A popular Chinese medical information site has been censored by authorities for "violation of relevant laws and …

Cheaper, changing and crucial: the rise of solar power

Aug 11 2022

Generating power from sunlight bouncing off the ground, working at night, even helping to grow strawberries: solar panel …

Singapore trims 2022 growth forecast on strong global headwinds

Aug 11 2022

Singapore on Thursday narrowed its economic growth forecast this year after the economy contracted in the second quarter …

Fresh fears after Facebook's role in US abortion case

Aug 11 2022

Facebook sparked outrage by complying with US police probing an abortion case, boosting simmering fears the platform …

Disney+ subscribers surge as Netflix stumbles

Aug 11 2022

The Disney+ streaming service saw its number of paying subscribers leap beyond expectations in the last quarter, as …

Boeing delivers first 787 in a year

Aug 10 2022

Boeing delivered a 787 Dreamliner to American Airlines on Wednesday, the first of that aircraft to be sent to a customer …

Stocks jump on easing US inflation

Aug 10 2022

Stock markets bounced on Wednesday as better-than-expected US inflation data raised hopes that the US Federal Reserve …

Trump declines to answer questions in New York civil probe

Aug 10 2022

Donald Trump on Wednesday declined to answer questions under oath about alleged fraud at his family business, as legal …

Economists urge US to return Afghanistan's frozen assets

Aug 10 2022

Several dozen prominent US and international economists urged the United States Wednesday to hand over to Afghanistan $7 …

US inflation eases in July amid falling oil prices

Aug 10 2022

Red-hot US inflation cooled slightly in July, which could open the door for the Federal Reserve to dial back its …

Elon Musk sells nearly $7 bn in Tesla stock

Aug 10 2022

Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes court battle …

Facebook use plunges among US teens: survey

Aug 10 2022

US teens have left Facebook in droves over the past seven years, preferring to spend time at video-sharing venues …

US inflation eases slightly to 8.5% in July as fuel prices dip

Aug 10 2022

US inflation eased slightly in July, according to official data Wednesday, potentially taking pressure off the Federal …

Trump questioned in New York civil probe

Aug 10 2022

Donald Trump arrived for questioning under oath Wednesday in the New York state attorney general's civil probe into …

Trump to be deposed in New York civil probe

Aug 10 2022

Donald Trump looks set to be deposed Wednesday in New York as part of the state attorney general's civil probe into …

European stocks steady, dollar down before US inflation data

Aug 10 2022

European stock markets and the dollar fell Wednesday ahead of a crucial US inflation report that could help set the the …

Elon Musk sells nearly $7 billion worth of Tesla shares

Aug 10 2022

Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes legal battle …

Germany plans 10-bn-euro inflation relief tax package

Aug 10 2022

Germany will offer tax relief worth 10 billion euros ($10.2 billion) to help workers cope with soaring inflation, …

Asian, European markets hit by rate fears ahead of inflation data

Aug 10 2022

Equities fell Wednesday, tracking a drop on Wall Street ahead of a crucial US inflation report later in the day, which …

Deliveroo says losses grow, to exit Netherlands

Aug 10 2022

Deliveroo, the international delivery food app, announced Wednesday a big increase in losses as investment costs ate …

Hong Kong's Cathay Pacific narrows H1 loss, eyes better end to year

Aug 10 2022

Hong Kong carrier Cathay Pacific on Wednesday reported losses had narrowed in the first half after an "extremely …

In Norway, old oil platforms get a second life

Aug 10 2022

At an industrial yard in southwestern Norway, decommissioned oil platforms are slowly being dismantled for a second life …

Experts see inflation reprieve in America

Aug 10 2022

Is inflation finally slowing down in the United States?

Bollywood seeks boost with 'Forrest Gump' remake

Aug 10 2022

One of India's biggest stars is banking on a remake of Hollywood feelgood hit "Forrest Gump" to revive the fortunes of …

Space invaders: How video gamers are resisting a crypto onslaught

Aug 10 2022

When video game designer Mark Venturelli was asked to speak at Brazil's biggest gaming festival, he submitted a …

Elon Musk sells nearly $7 billion worth of Tesla shares: document

Aug 10 2022

Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings published Tuesday, amid a …

On the menu at a UK restaurant: carbon footprint

Aug 10 2022

The menu at The Canteen in southwest England doesn't just let diners know how much a dish costs. They can also check its …

Asian markets drop on rate worries ahead of inflation data

Aug 10 2022

Asian equities fell Wednesday, tracking a drop on Wall Street ahead of a crucial US inflation report later in the day, …

China's consumer inflation pushes higher

Aug 10 2022

China's consumer inflation rose in July to a two-year high, official data showed Wednesday, with a surge in pork prices …

Biden signs major semiconductors investment bill to compete against China

Aug 10 2022

President Joe Biden signed into law Tuesday a multibillion dollar bill boosting domestic semiconductor and other …

Jury finds ex-Twitter worker spied for Saudi royals

Aug 10 2022

A former Twitter worker was found guilty on Tuesday of spying for Saudi officials keen to unmask critics on the …

Global stock markets retreat on eve of US inflation data

Aug 09 2022

Stock markets were mostly lower and the dollar fell on Tuesday as investors nervously await the release of key US …

US stocks sink with all eyes on consumer price data

Aug 09 2022

With all eyes on back-to-back inflation data coming this week, Wall Street stocks tumbled again on Tuesday as earnings …

Stock markets lower on eve of US inflation data

Aug 09 2022

Stock markets were mostly lower and the dollar fell on Tuesday as investors nervously await the release of key US …

Stock markets mostly drop on eve of US inflation

Aug 09 2022

Stock markets mostly retreated and the dollar dropped Tuesday on the eve of key US inflation data.

Markets mostly up as focus turns to inflation data

Aug 09 2022

Most markets rose Tuesday but investors moved cautiously ahead of US inflation data later in the week, after a jobs …

Asian markets mostly up as focus turns to inflation data

Aug 09 2022

Asian equities mostly rose Tuesday but investors moved cautiously ahead of US inflation data later in the week, after a …

At a Jakarta crosswalk, Indonesian teens take to the catwalk

Aug 09 2022

A pedestrian crossing turned viral catwalk has become a site for Jakarta's young fashionistas to express themselves, …

Asian markets mixed as focus turns to inflation data

Aug 09 2022

Asian equities were mixed Tuesday as investors await US inflation data later in the week, after a jobs report suggested …

In New York, renters desperate as soaring rents exacerbate housing crisis

Aug 09 2022

In mid-May, Paula Sevilla and her roommates joined the many New Yorkers suffering under the city's crushing housing …

Mexico to use underwater drone in search for trapped miners

Aug 09 2022

Rescuers will deploy an underwater drone as part of intensified efforts to save 10 workers trapped for five days in a …

US diverges from global stock rally as investors focus on inflation

Aug 08 2022

US stocks trailed other global markets and the dollar retreated Monday as investors turned their attention to US …

US regulators clear Boeing to resume 787 deliveries

Aug 08 2022

After more than a year, aviation giant Boeing will be allowed to resume deliveries of its 787 Dreamliner aircraft "in …

US news site Axios agrees to $525 mn buyout

Aug 08 2022

US news website Axios, which has shot to prominence since its 2016 founding, has agreed to a $525 million deal to sell …

Stocks rise, dollar eases as investors focus on US inflation

Aug 08 2022

Stock markets rose and the dollar retreated Monday as investors turned their attention to US inflation data later this …

Pfizer to acquire sickle cell drugmaker GBT for $5 bn

Aug 08 2022

American drugmaker Pfizer announced a deal on Monday to acquire Global Blood Therapeutics, makers of a recently approved …

Ukraine 'optimistic' after arrival of first grain shipment

Aug 08 2022

The first cargo ship to reach its final destination after departing from Ukraine under a deal between Moscow and Kyiv …

Stocks rise, oil falls tracking recession risks

Aug 08 2022

Stock markets largely rose and oil prices retreated Monday as investors mulled the prospect of recession in the United …

Japan's SoftBank reports record quarterly net loss

Aug 08 2022

Japan's SoftBank Group on Monday reported a record quarterly net loss of $23.4 billion, after interest rate hikes tanked …

Markets mixed as strong US jobs data fans Fed rate hike bets

Aug 08 2022

Markets were mixed Monday and the dollar held big gains as a blockbuster US jobs report ramped up bets that the Federal …

Markets struggle as strong US jobs boost Fed rate hike bets

Aug 08 2022

Markets struggled Monday and the dollar held big gains as a blockbuster US jobs report ramped up bets that the Federal …

No recession in Switzerland this year: chief economist

Aug 07 2022

Switzerland does not expect to dip into recession this year despite the threat of an energy supply squeeze, the …

Syria more than doubles petrol prices: ministry

Aug 07 2022

Syria's internal commerce ministry has announced a petrol price hike of around 130 percent in the war-torn country …

When the sun switches off the solar panels

Aug 07 2022

The more the sun shines in the southern German town of Aurach, the more likely it is that Jens Husemann's solar panels …

Tonnes of fruit stranded in EU, S.Africa battle of oranges

Aug 07 2022

Millions of boxes of oranges are spoiling in containers stranded at European ports as South Africa and the European …

Flight tracking exposure irks billionaires and baddies

Aug 07 2022

How to upset Russian freight companies, Elon Musk, Chinese authorities and Kylie Jenner in one go? Track their jets.

'Decisive day' for trapped Mexican miners

Aug 07 2022

A major operation to rescue 10 trapped Mexican coal miners was approaching a crucial moment on Saturday, President …

'Decisive day' for trapped Mexican miners, president says

Aug 06 2022

A major operation to rescue 10 workers trapped in a flooded coal mine in northern Mexico was approaching a crucial …

Fire at Cuba fuel depot leaves 67 injured: hospital

Aug 06 2022

A fire at a fuel depot in western Cuba sparked by a lightning strike has injured more than 60 people, three of them …

Pfizer in talks on $5 billion acquisition: media

Aug 06 2022

American drugmaker Pfizer is close to a deal to purchase Global Blood Therapeutics, which manufactures a recently …

Turkey to pay for some Russian gas in rubles: Erdogan

Aug 06 2022

President Recep Tayyip Erdogan has confirmed that Turkey will start paying for some of its Russian natural gas imports …

Snickers owner apologises after referring to Taiwan as a country

Aug 06 2022

American candy giant Mars Wrigley has insisted it "respects China's national sovereignty" and apologised after an advert …

Amazon to buy Roomba-maker iRobot in $1.7 bn deal

Aug 05 2022

Amazon on Friday announced a $1.7 billion deal to buy the maker of robotic vacuum Roomba in a merger that would play …