Business and Tech

'A new era': NASA strikes asteroid in key test of planetary defense

AFP - 1h ago

Bullseye: A NASA spaceship on Monday struck an asteroid seven million miles away in order to deflect its orbit, …

NASA readies to deflect asteroid in key test of planetary defense

AFP - 1h ago

A small point of light that starts to fill out the screen, revealing a never-before-seen asteroid, before the images …

Stocks volatile, pound hits record low

AFP - 5h ago

Wall Street stocks fell again Monday as recession fears brought volatility to financial markets, pushing the pound to an …

US brings fraud charges in $100 mn New Jersey deli case

AFP - 6h ago

US officials announced fraud charges Monday against three men who orchestrated a $100 million scheme to inflate the …

Biden seeks up-front disclosure of airline ticket fees

AFP - 7h ago

Airlines would be required to disclose fees for luggage or for passengers to sit next to their children prior to ticket …

UK's new PM under fire as pound sinks and BoE sounds alarm

AFP - 9h ago

The government of new British Prime Minister Liz Truss on Monday came under pressure after the pound hit a record low …

NASA to deflect asteroid in key test of planetary defense

AFP - 6h ago

NASA will on Monday attempt a feat humanity has never before accomplished: deliberately smacking a spacecraft into an …

UK PM Truss under fire as pound sinks

AFP - 1h ago

The government of new British Prime Minister Liz Truss on Monday came under pressure after the pound hit a record low …

Apple to make iPhone 14 in India in shift away from China

AFP - 12h ago

Apple will manufacture its new flagship smartphone in India, the US tech giant said Monday, as it seeks to diversify …

World economy to slow, 'paying the price of war': OECD

AFP - 13h ago

The world economy will take a bigger hit than previously forecast next year due to the effects of Russia's war in …

French borrowing to hit record as 2023 budget unveiled

AFP - 13h ago

The French government will borrow a record 270 billion euros ($260 billion) next year to finance a budget that includes …

UK eyes big TikTok fine over child privacy lapse

AFP - 14h ago

Britain on Monday warned it could fine TikTok £27 million ($29 million) over a potential failure to protect children's …

Pound hits record low versus dollar, Italy stocks up after vote

AFP - 2h ago

The pound hit a record low against the dollar Monday on surging fears about the ailing UK economy.

Pound hits record low versus dollar, markets hit by recession fears

AFP - 3h ago

The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled …

Tokyo stocks end 2.7% lower on slowdown fears

AFP - 5h ago

Tokyo stocks closed lower Monday with investors disheartened by global selloffs linked to growing fears over an economic …

Ukrainian heavy industry ground down by Russia's war

AFP - 21h ago

Usually the engine-room of the Ukrainian economy, heavy industry has fallen victim to Russia's invasion, with output …

Porsche, luxury carmaker with storied history

AFP - 21h ago

Germany luxury carmaker Porsche is gunning for a blockbuster IPO on the Frankfurt Stock Exchange this week. Here are …

Porsche to race onto German stock exchange with mega IPO

AFP - 8h ago

Luxury sports carmaker Porsche will this week race onto the Frankfurt stock exchange in what is set to be one of …

Macau casino stocks surge on mainland travel hopes

AFP - 22h ago

Casino stocks soared in Macau on Monday after authorities announced plans to gradually welcome back tour groups from the …

Inflation hits home for Mongolians struggling for basic goods

AFP - 23h ago

At Ulaanbaatar's Naiman Sharga money exchange market, elderly women stand in the street waving wads of money at …

Petrol stations: running out of road?

AFP - 2m ago

A vintage pump in the Vietnamese hills; a Madrid petrol station topped with a giant sombrero; a multi-coloured …

Pound hits record low versus dollar, markets drop on recession fears

AFP - 4h ago

The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled …

Rihanna to headline Super Bowl halftime show

AFP - 24h ago

Superstar Rihanna will headline the Super Bowl halftime show in February, the main event sponsor Apple Music announced …

UAE agrees to supply Germany with gas, diesel as Scholz tours Gulf

AFP - Sep 26 2022

The United Arab Emirates agreed Sunday to supply natural gas and diesel to Germany as part of an "energy security" deal …

Netflix and Disney poised to shake up TV ad world

AFP - Sep 26 2022

With the launch of cheaper, ad-supported subscriptions, Netflix and Disney+ are expected to bite into the revenue of …

Huge fire destroys warehouse at giant Paris wholesale market

Sep 25 2022

A major blaze swept through part of one of the world's biggest fresh produce markets on the outskirts of Paris on …

Swiss narrowly back hiking retirement age for women

Sep 25 2022

Swiss voters on Sunday accepted by a hair a divisive pension reform plan, which will raise women's retirement age to the …

United Arab Emirates agrees to supply Germany with gas, diesel

Sep 25 2022

The United Arab Emirates agreed Sunday an "energy security" deal with Germany to supply liquefied natural gas and diesel …

Swiss back pension reform, hiking retirement age for women: projections

Sep 25 2022

Swiss voters appeared set Sunday to narrowly accept the government's divisive pension reform plan, which would raise the …

Swiss vote on factory farm ban, pension reform

Sep 25 2022

Switzerland votes Sunday on a slew of issues, including a proposed ban on factory farming and divisive pension reform …

German bakeries fight for survival as costs spiral

Sep 25 2022

Faced with exploding energy and ingredient costs, German baker Tobias Exner has installed new energy-efficient ovens, …

Cypriot carob growers harvest their 'black gold'

Sep 25 2022

Christos Charalambous might be 79 but he is several metres up a carob tree, harvesting a fruit known as "black gold" on …

'You cannot survive': Inflation bites as Thai election looms

Sep 25 2022

Sheltering from rain near Bangkok's Grand Palace, scores of unemployed Thais queue alongside homeless people waiting for …

Ford's electric drive reinvents historic Michigan factory

Sep 25 2022

Construction crews are back at Dearborn, remaking Ford's century-old industrial complex once again, this time for a …

EVs at Detroit Auto Show? Consumers have questions

Sep 25 2022

The emerging fleet of electric vehicles (EV) provoked fascination at the Detroit Auto Show, but many consumers were not …

France's TotalEnergies injects further $1.5 bn into Qatar gas

Sep 24 2022

France's TotalEnergies on Saturday signed a new $1.5 billion deal to help expand Qatar's natural gas production as …

World markets plunge on growing recession fears

Sep 23 2022

Stock markets tumbled, the pound crashed against the dollar and oil prices slumped Friday on growing recession fears …

White House rebukes World Bank chief in climate row

Sep 23 2022

The White House on Friday rebuked the head of the World Bank David Malpass, who is battling charges of climate denial …

World Bank chief Malpass says won't quit over climate denial row

Sep 23 2022

World Bank President David Malpass said Friday he had no plans to stand down, as he battles charges of climate denial …

Apple Music to sponsor Super Bowl half-time show

Sep 23 2022

Apple Music is to replace Pepsi as the title sponsor of the Super Bowl's prestigious half-time show, the NFL announced …

UK fights inflation with tax-cutting budget

Sep 23 2022

Britain's new government on Friday unveiled a multi-billion-pound package to support households and businesses hit by …

Germany's Scholz to visit Gulf states on energy hunt

Sep 23 2022

German Chancellor Olaf Scholz will on Saturday begin a two-day tour of Gulf states, including Saudi Arabia, in the hope …

Recession-bound UK fights inflation with tax cuts

Sep 23 2022

The UK's new government on Friday unveiled a multi-billion-pound package to support households and businesses hit by the …

UK axes EU-inherited cap on banker bonuses

Sep 23 2022

Britain on Friday axed a cap on bankers' bonuses aimed at boosting London's finance sector after Brexit, raising anger …

Why 'Monkey Island' creators returned to 1990s classic game

Sep 23 2022

When Ron Gilbert and Dave Grossman first let loose their swords, voodoo and pirates epic "The Secret of Monkey Island", …

Markets endure further losses, dollar rises as central banks turn screws

Sep 23 2022

Asian markets fell again Friday and the dollar extended gains as part of a global sell-off fuelled by recession fears …

Lachlan Murdoch faces off with Crikey in defamation row

Sep 23 2022

A high-stakes defamation battle between News Corp co-chairman Lachlan Murdoch and small Australian news outlet Crikey …

Markets endure further losses as central banks turn screws

Sep 23 2022

Asian markets fell again Friday as part of a global sell-off fuelled by recession fears after central banks around the …

Britain to unveil anti-inflation budget as recession looms

Sep 23 2022

The UK's new government on Friday unveils multi-billion-pound measures aimed at supporting households and businesses hit …

Financial markets, Brussels wary of Italy far-right win

Sep 23 2022

From her euroscepticism to her impact on Italy's enormous debt, the likely victory of far-right leader Giorgia Meloni in …

Hong Kong replaced by Singapore as Asia's top finance centre

Sep 23 2022

Hong Kong has lost its crown as Asia's premier finance centre to Singapore in a global ranking list where New York and …

US charges Boeing with misleading investors on 737 MAX safety, fined $200 mn

Sep 23 2022

US securities officials fined Boeing $200 million over the aviation giant's misleading assurances about the safety of …

Asian markets suffer further losses as central banks turn screws

Sep 23 2022

Asian markets fell again Friday as part of a global sell-off fuelled by recession fears after central banks around the …

Britain unveils anti-inflation budget as recession looms

Sep 23 2022

The UK's new government unveils Friday multibillion-pound measures aimed at supporting households and businesses hit by …

Facebook whistleblower launches nonprofit to take on big tech

Sep 23 2022

Whistleblower Frances Haugen -- a former Facebook engineer who leaked documents suggesting the firm put profits before …

CIA chief: I'm no Jason Bourne, I drive an old Subaru

Sep 22 2022

CIA Director Bill Burns said in the US spy agency's first-ever podcast Thursday that his life is nothing like Jason …

Markets drop as central banks hike rates

Sep 22 2022

Stock markets retreated on Thursday after the US Federal Reserve and central banks in Europe unleashed more hefty …

Canada launches review of cannabis legalization four years on

Sep 22 2022

Canada on Thursday launched a long-awaited review of its cannabis regulations, four years after becoming the first major …

Inflation-hit Turkey cuts rate for second month

Sep 22 2022

Turkey's troubled lira on Thursday plumbed new lows after the central bank cut its policy rate for the second straight …

UK government lifts gas fracking ban in England

Sep 22 2022

Britain on Thursday lifted England's moratorium on controversial gas fracking to boost energy security, despite breaking …

Spanish court opens probe into cannabis 'Ponzi scheme'

Sep 22 2022

Spain's top criminal court has opened a fraud investigation into a Netherlands-based medicinal cannabis investment …

Bank of England hikes rates again, warns on recession

Sep 22 2022

The Bank of England hiked its interest rate sharply again Thursday to combat decades-high inflation but warned the UK …

Bank of England hikes rate again as UK enters recession

Sep 22 2022

The Bank of England hiked its interest rate again on Thursday to combat soaring inflation as it warned that the UK's …

Japan government intervenes to support cratering yen

Sep 22 2022

Japan's finance ministry said Thursday it intervened in the currency market to bolster the yen, which has plummeted …

Markets tumble again as Fed hikes rates, warns more pain to come

Sep 22 2022

European stocks sank Thursday following sharp losses in Asia and on Wall Street, but the dollar spiked after the Federal …

Norway, Swiss central banks hike rates to tame inflation

Sep 22 2022

The Swiss and Norwegian central banks announced hefty interest rate hikes on Thursday as global monetary policymakers …

'Very high chance' Hong Kong will end year in recession

Sep 22 2022

Hong Kong is set to end the year in the midst of a full-blown recession, the city's finance chief warned Thursday, as …

Indonesia hikes rates for second straight month to stem inflation

Sep 22 2022

Indonesia's central bank hiked its key interest rate for the second month in a row Thursday to combat rising inflation …

Japan government intervenes to bolster cratering yen

Sep 22 2022

Japan's finance ministry said Thursday it intervened in the currency market to bolster the yen, which has plummeted …

Markets tumble again as Fed hikes rates, warns more to come

Sep 22 2022

Asian and European markets sank Thursday and the dollar rallied after the Federal Reserve unveiled a third straight …

Yen hits new 24-year low as Bank of Japan keeps loose policy

Sep 22 2022

The yen sank to a fresh 24-year low against the dollar on Thursday, with the greenback surging to nearly 146 after …

Europe throws billions at energy crisis

Sep 22 2022

Almost every week now, European governments are announcing emergency measures to protect households and businesses from …

Cheap mealboxes a taste of Hong Kong's economic woes

Sep 22 2022

Hong Konger Kitty Chan pivoted to takeout to help her restaurant survive the pandemic, but she has since opened a second …

With a gamer prince and oil billions, Saudi turns to eSports

Sep 22 2022

Wearing headphones and anti-sweat finger sleeves, gamers from eight countries guided gun-toting avatars through a battle …

Trump, children sued for 'incredible' fraud in New York

Sep 22 2022

Donald Trump and family members lied to tax collectors, lenders and insurers for years in a scheme that routinely …

Swiss mull banning factory farms

Sep 22 2022

The Swiss will vote Sunday on whether to ban intensive livestock farming in the largely rural country, which already has …

US jury orders Meta to pay $174.5 mn for violating patents

Sep 22 2022

A US jury on Wednesday ordered Meta to pay $174.5 million for violating live-streaming patents developed by a US Army …

Pressure grows after World Bank chief dodges climate questions

Sep 22 2022

Climate groups called Wednesday for the World Bank's president to be removed after he refused multiple times to say if …

US stocks fall, dollar gains as Fed unveils latest big rate hike

Sep 21 2022

Wall Street stocks tumbled and the dollar rallied Wednesday after the Federal Reserve announced another large interest …

Fed hikes rates again, warns inflation fight can't be 'painless'

Sep 21 2022

The Federal Reserve rolled out another steep increase in the key US interest rate Wednesday and said more hikes are …

Fed hikes rates again, says inflation fight can't be 'painless'

Sep 21 2022

The Federal Reserve raised the key US interest rate again Wednesday and said more hikes are coming as it battles soaring …

Twitch curbs gambling streams as addiction fears mount

Sep 21 2022

Twitch on Wednesday announced a ban on sites that stream unlicensed roulette, dice, or slots games as the platform is …

US Fed raises key interest rate as recession fears mount

Sep 21 2022

The Federal Reserve raised the key US interest rate again Wednesday and said more hikes are coming as it battles soaring …

Bankers warn of toll on US consumers from prolonged inflation

Sep 21 2022

Higher interest rates and grinding inflation are likely to begin taking a higher toll on US consumers who have so far …

Aviation chiefs warn of prolonged ticket price pain

Sep 21 2022

Aviation industry leaders warned Wednesday that travellers must brace for even higher ticket prices as the sector …

Spain fines food delivery firm Glovo nearly 79 mn euros

Sep 21 2022

Spain has fined food delivery firm Glovo nearly 79 million euros and forced it to give labour contracts to over 10,000 …

US home sales fall for seventh straight month in August

Sep 21 2022

Existing home sales slipped in August to the lowest in two years, marking a seventh straight monthly decline, according …

Stocks advance ahead of US rate hike

Sep 21 2022

Stock markets pushed higher Wednesday as traders awaited another hefty US interest rate hike from the Federal Reserve.

'Bad buzz': Gaming industry reels from 'Grand Theft Auto' hack

Sep 21 2022

The video game industry is coming to terms with one of the biggest hacks in its history, after footage was leaked online …

Walmart hiring fewer US holiday staff this year

Sep 21 2022

Walmart announced Wednesday it will hire 40,000 workers for the upcoming holiday season, far fewer than last year, as …

Milan Fashion Week opens with a spring in its step

Sep 21 2022

Chinese buyers are back and business is booming -- Milan Fashion Week opened Wednesday on an optimistic note, despite …

US Fed set to raise interest rates as recession fears mount

Sep 21 2022

The Federal Reserve opened its second day of deliberations Wednesday that are expected to produce another big increase …

Stocks advance before US rate hike

Sep 21 2022

Stock markets pushed higher Wednesday as traders awaited another hefty US interest rate hike from the Federal Reserve.

Germany reaches deal to nationalise troubled gas giant Uniper

Sep 21 2022

Germany has reached a deal to nationalise troubled gas giant Uniper, the government said Wednesday, as the energy sector …

Stocks recover before US rate hike

Sep 21 2022

European stock markets recovered from initial falls Wednesday, as traders awaited another hefty US interest rate hike …

Markets drop as Fed hike looms, Putin move lifts dollar and oil

Sep 21 2022

Stocks fell Wednesday ahead of what many expect to be a third successive jumbo rate hike by the Federal Reserve, while …

UK's new PM veers away from Biden's economic script at UN

Sep 21 2022

Britain's new Prime Minister Liz Truss was Wednesday to outline an economic rescue programme focussed on tax cuts -- …

Zero-Covid harming 75% of European firms in China: business group

Sep 21 2022

China's "inflexible" and "inconsistent" zero-Covid policy is crippling European business operations in the country, a …

Asian traders resume selling as another jumbo Fed hike looms

Sep 21 2022

Asian markets resumed their downward spiral Wednesday after a brief respite the previous day, as traders prepared for …

Zelensky blames Russia as world vows response to food shortages

Sep 21 2022

Global leaders called Tuesday for urgent efforts to address global food insecurity amid fears of disastrous harvests …

Hertz to buy some 175,000 GM EVs through 2027

Sep 21 2022

US rental car giant Hertz will buy up to 175,000 electric vehicles from General Motors by the end of 2027, the companies …

World leaders call for urgent action on food security

Sep 21 2022

World leaders called Tuesday for urgent efforts to address global food insecurity, with fears mounting of a disastrous …