Business and Tech

French carmaker PSA defies sales slowdown with record profits

AFP - 9m ago

French car giant PSA Peugeot-Citroen, currently in the process of merging with rival Fiat Chrysler, said Wednesday it …

Asian markets take another hit as virus spreads

AFP - 30m ago

Asian markets fell on Wednesday, with the coronavirus spreading rapidly around the world and health chiefs warning that …

New Disney chief Chapek at home in the Magic Kingdom

AFP - 2h ago

The newly anointed chief of Walt Disney Company has spent decades in the Magic Kingdom overseeing its theme parks, …

Air New Zealand tests beds for economy passengers

AFP - 2h ago

Air New Zealand on Wednesday announced a proposal to put beds in economy-class, which it claimed could prove a "game …

Star power: Togo bets on solar energy for its rural poor

AFP - 3h ago

Not so long ago, whenever he wanted to watch a football match or recharge his phone, Ousmane Kantcho had to go "into …

South African finance minister to walk budget tightrope

AFP - 4h ago

South Africa's finance minister is expected to walk a tightrope during the annual budget presentation to parliament on …

Asian markets take another hit as virus quickly spreads

AFP - 3h ago

A sea of red washed across Asian markets on Wednesday, with the coronavirus spreading rapidly around the world and …

'Plastic police': Qatar market promotes sustainability

AFP - 4h ago

In Qatar, not often associated with zero-waste initiatives, one weekend market is bucking the trend and encouraging …

Internet giants fight spread of coronavirus untruths

AFP - 1h ago

As the new coronavirus spreads globally, the online battle to keep misinformation about the disease is also stepping up.

Bob Iger steps aside as Disney CEO, hands off to company insider

AFP - 3h ago

Walt Disney Co. said Tuesday chief Bob Iger was handing off the top executive post after building the …

US, European stocks extend losses on virus pandemic scare

Feb 25 2020

US and European stocks suffered another rout Tuesday as the coronavirus continued to spread and public health officials …

Trump economic advisor sees no US recession ahead

Feb 25 2020

President Donald Trump's chief economic advisor said Tuesday he sees no downturn looming for the US economy, even as the …

US stocks plunge again on mounting virus fears

Feb 25 2020

Wall Street stocks sank deeper into the red Tuesday afternoon on mounting fears over the coronavirus and its potential …

Nice memories but no trade deal for Trump in India

Feb 25 2020

US President Donald Trump failed Tuesday to strike a trade deal with India at the end of a visit big on photo …

FBI raids fashion exec's offices in sex-trafficking probe

Feb 25 2020

The FBI and New York police raided the corporate headquarters of Canadian fashion executive Peter Nygard Tuesday as part …

Dow falls 2% as US stocks sell-off deepens on virus fears

Feb 25 2020

A sell-off on Wall Street accelerated Tuesday afternoon as the Dow slumped more than two percent on mounting worries …

Amazon halts sale of books assailed as 'Nazi propaganda'

Feb 25 2020

Amazon has stopped sales of some books on its platform following protests that the titles, including some for children, …

Brexit talks turn sour as EU, UK clash

Feb 25 2020

Britain and Brussels clashed Tuesday over upcoming Brexit talks, with London roundly rejecting key elements of the EU's …

European stocks extend losses on virus pandemic scare

Feb 25 2020

European stock markets fell further Tuesday, although steeper declines in late trading did not match a major sell-off …

US stocks tumble back into red as virus weighs on sentiment

Feb 25 2020

Wall Street stocks tumbled back into the red Tuesday after a positive open as worries about the coronavirus continued to …

Saudi creates new tourism, sports, investment ministries

Feb 25 2020

Saudi Arabia announced on Tuesday the creation of three new ministries, for tourism, sports and investment, according to …

US consumers less confident than expected in February

Feb 25 2020

US consumers felt only slightly more confident in February, a result that fell well below analyst expectations amid …

Travel giant Expedia says it will cut 3,000 jobs

Feb 25 2020

Online travel giant Expedia will cut about 3,000 jobs after what the company described in a statement as "disappointing" …

Man Utd confident in long-term project despite rising debt

Feb 25 2020

Manchester United executive vice-chairman Ed Woodward is adamant the club are heading in the right direction as the …

EU, UK adopt stances for talks amid unease over Brexit treaty

Feb 25 2020

The EU and Britain on Tuesday adopted their respective detailed negotiating rules ahead of talks on future ties amid …

Saudi jobseekers move into Uber gear for extra cash

Feb 25 2020

Burdened by a bank loan, Ibrahim Ahmed searched for years for a second job before opting for something once seen as …

European stocks extend losses on fear of virus pandemic

Feb 25 2020

European stock markets fell further on Tuesday but declines in midday trading were far less than during a major sell-off …

EU warns Britain to keep to Brexit promises

Feb 25 2020

EU ministers gathering Tuesday to adopt a joint negotiating stance on future ties with Britain warned London it must …

Asian markets mixed after virus-fuelled global bloodbath

Feb 25 2020

Asian markets were mixed Tuesday as bargain-buying after the previous day's bloodbath tempered fears that the new …

Deadly riots as Trump talks trade, choppers in India

Feb 25 2020

India rolled out the red carpet on Tuesday for US President Donald Trump on the second day of a visit high on …

Japan's ANA says to buy 20 more Boeing 787 Dreamliners

Feb 25 2020

Japan's ANA Holdings said Tuesday it will buy 20 new Boeing 787-10 and 787-9 aircraft, with the planes expected to go …

Ailing Iranians suffer as sanctions hit medical supplies

Feb 25 2020

Aged 49, Iranian diabetic Parviz Sadeghi appears closer to 70 with deep wrinkles surrounding his clear blue eyes and …

Travel giant Expedia to cut 3,000 jobs: report

Feb 25 2020

Online travel giant Expedia will cut 3,000 jobs worldwide after what the company called a "disappointing" performance in …

Independent media in the firing line in Cuba

Feb 25 2020

Monica Baro's investigation into cases of lead poisoning in Havana won her a prestigious Latin American journalism award …

Police in Canada clear rail blockade by indigenous protesters

Feb 25 2020

Canadian police Monday cleared out indigenous protesters blocking a key east-west rail artery for nearly three weeks to …

Global stocks tumble as gold soars on virus pandemic fears

Feb 24 2020

Global stocks were hammered Monday and gold prices soared on safe-haven buying as fears mounted that the new coronavirus …

Down to business for Trump in India

Feb 24 2020

US President Donald Trump moves from sightseeing and speech-making to tough trade talks in India on Tuesday, as First …

Paris cheers Naomi Campbell and Nigeria's rising fashion star

Feb 24 2020

Nigerian Kenneth Ize made a storming Paris fashion week debut Monday with his "fairy godmother", supermodel Naomi …

Police move in to clear Canada rail blockade

Feb 24 2020

Canadian police moved in Monday to clear out indigenous protesters blocking a key east-west rail artery for nearly …

US economy faces long-lasting damage from trade war: Fed official

Feb 24 2020

The trade conflict of the past two years likely left a mark on the US economy, even with the recent agreement to defuse …

Renault files civil claim against Ghosn

Feb 24 2020

French car giant Renault said Monday it was filing a civil claim for damages against former CEO Carlos Ghosn over …

EU envoys agree mandate for UK negotiations

Feb 24 2020

EU envoys on Monday finalised a mandate for chief negotiator Michel Barnier to lead what promise to be stormy talks with …

EU envoys meet to seal Brexit talks red lines

Feb 24 2020

EU envoys met Monday to try to finalise a mandate for chief negotiator Michel Barnier ahead of what promises to be …

Italy's fragile economy strained by coronavirus measures

Feb 24 2020

As Italian authorities battle to contain the new coronavirus, measures to stem the spread of infections in the …

China shutdowns to impact economy: White House economist

Feb 24 2020

The disruption caused by the virus outbreak in China will have an effect on the US economy, but the magnitude of the hit …

Stocks, oil prices tumble on pandemic fears, as gold soars

Feb 24 2020

World stock markets and oil prices tumbled Monday, with Milan and Seoul falling hardest on growing fears of a …

Most small firms in China yet to reopen after virus outbreak

Feb 24 2020

Most small businesses in China have yet to reopen and are struggling with supply chain obstructions after the new …

Canary island airports reopen as haze clears

Feb 24 2020

All eight airports on Spain's Canary Islands reopened on Monday a day after a sandstorm shrouded the archipelago, …

Seoul bears brunt as Asia, European markets dive on pandemic fear

Feb 24 2020

Seoul led a sharp drop across Asian and European equity markets Monday as South Korea announced a surge in COVID-19 …

'No one cares': Locked-in Wuhan residents adapt to find food

Feb 24 2020

The lockdown of Guo Jing's neighbourhood in Wuhan –- the city at the heart of China's new coronavirus epidemic –- came …

Seoul bears brunt as Asia markets plunge on pandemic worries

Feb 24 2020

Seoul led a sharp drop across Asian equity markets on Monday as South Korea announced a surge in COVID-19 infections, …

Canada's Teck withdraws controversial oil sands project

Feb 24 2020

Canada's Teck Resources said Sunday it had withdrawn its application to develop a giant oil sands mine in western …

The US and India: areas of agreement and discord

Feb 24 2020

Ever since Bill Clinton visited 20 years ago, India-US relations have warmed politically, economically and …

Seoul worst hit as Asia markets plunge on virus worries

Feb 24 2020

Seoul led a sharp drop across Asian equity markets Monday as South Korea announced a surge in COVID-19 infections, while …

Armani holds closed-door runway show as virus cases spike in Italy

Feb 24 2020

Giorgio Armani held its Milan Fashion Week show behind closed doors Sunday after Italy announced a spike in coronavirus …

Bernie Sanders is not a friend of Wall St, but he has fans there

Feb 24 2020

Democratic presidential frontrunner Bernie Sanders likes to take aim at Wall Street and everything it represents -- big …

Canada warns indigenous rail blockades could cripple economy

Feb 24 2020

The Canadian government warned Sunday that indigenous protests that have blocked rail lines for more than two weeks …

Coronavirus puts 'fragile' global recovery at risk: IMF to G20

Feb 24 2020

The deadly coronavirus epidemic could put an already fragile global economic recovery at risk, the IMF warned Sunday, as …

Chinese restaurants starved for cash as virus hits industry

Feb 23 2020

It is lunch time in Beijing, but the only diner in Cindy's Cafe is an employee having a staff meal -- it has been closed …

Raf Simons joins Prada as co-creative director

Feb 23 2020

Italian fashion icon Prada said Sunday they have appointed Belgian designer Raf Simons as their co-creative director.

Coronavirus puts global recovery at risk: IMF to G20

Feb 23 2020

The deadly coronavirus epidemic could put an already fragile global economy recovery at risk, the IMF warned Sunday, as …

Armani to hold closed-door runway show amid Italy virus spike

Feb 23 2020

Giorgio Armani will hold its Milan Fashion Week show behind closed doors Sunday after Italy announced a spike in …

Floating Petri dishes? Coronavirus puts cruise industry in the dock

Feb 23 2020

Deadly viruses, chickenpox outbreaks and mass cases of the runs: sometimes luxury cruise ship holidays are not the trips …

EU wants battery autonomy, but first it needs graphite

Feb 23 2020

As Europe looks to declare its tech independence by becoming a leader in next-generation batteries, it will have to …

New Kosovo PM ready to revoke tariffs for Serbian goods

Feb 23 2020

A few years ago, the newly elected Kosovo prime minister overturned Serbian trucks. But Albin Kurti now says he is ready …

UK digital bank serves clients shunned by big lenders

Feb 23 2020

Among Britain's digital app-based banks that are attracting moneyed urban millennials is Monese, which also courts …

After backing HS2 rail, Johnson mulls Heathrow runway

Feb 23 2020

Having backed Britain's proposed high-speed railway HS2, Boris Johnson is under pressure to keep his pledge to scrap …

Precarious Dakar tenants face eviction as rents rise

Feb 23 2020

After months of threats from his landlord, visits to the police and a court hearing, Djibril Diagne came home on New …

'America First' vs 'Make in India' as Modi hosts Trump

Feb 23 2020

Trade ties between the United States and India have long been problematic but under "America First" President Donald …

Virus hits shipping, spreading global economic strain

Feb 23 2020

Sea freight transport, the lifeblood of trade and a bellwether of the global economy, has been blown off course by the …

Pressured by US sanctions, Cuba struggles to pay its debts

Feb 23 2020

Foreign companies going unpaid, creditor countries told to be patient: as Cuba struggles under the weight of US …

Macron says 'not sure' EU-UK trade deal possible before end of 2020

Feb 23 2020

French President Emmanuel Macron on Saturday said he was "not sure" it would be possible for the European Union and …

Russia-linked disinformation campaign fueling coronavirus alarm, US says

Feb 22 2020

Thousands of Russian-linked social media accounts have launched a coordinated effort to spread alarm about the new …

Berkshire Hathaway ready for aging Buffett to go, he says

Feb 22 2020

Octogenarian billionaire Warren Buffett assured shareholders on Saturday that his Berkshire Hathaway empire, with …

Berkshire Hathaway 100% ready for Buffett departure, he says

Feb 22 2020

Octogenarian billionaire Warren Buffett said Saturday that his Berkshire Hathaway empire, with holdings in major …

France begins shutting down oldest nuclear plant

Feb 22 2020

French state-owned energy giant EDF on Saturday began shutting down the country's oldest nuclear power plant after 43 …

Fox and NBCUniversal in talks to acquire streaming platforms: report

Feb 22 2020

Media groups Fox Corp. and NBCUniversal are looking to buy ad-supported streaming platforms meant to lure customers who …

Terrorists are 'generally Muslims' says Ryanair CEO

Feb 22 2020

Muslim men should be profiled at airports as terrorists will "generally be of a Muslim persuasion", Ryanair CEO Michael …

'Dieselgate' recall of more Mercedes vehicles 'likely'

Feb 22 2020

German authorities will "likely" discover software rigging the level of diesel emissions in Mercedes-Benz cars other …

EU budget summit ends with no deal

Feb 22 2020

An EU summit called to set the bloc's next seven-year budget ended in impasse late Friday, riven by competing groups …

Trudeau says indigenous groups must end crippling rail blockades

Feb 22 2020

Crippling blockades of key Canadian rail arteries "must now come down," Prime Minister Justin Trudeau said Friday, …

Markets slide on fears of virus spread

Feb 21 2020

More cases of the new coronavirus outside China along with warnings by major companies that their earnings could be hurt …

S&P cuts Lebanon debt rating, warns further cut possible

Feb 21 2020

Credit ratings agency S&P lowered Lebanon's debt grade a notch on Friday, but warned a further cut is possible should …

Wells Fargo to pay $3 bn to settle fake accounts scandal

Feb 21 2020

Wells Fargo has agreed to pay US regulators $3 billion to settle three investigations into the bank's damaging fake …

Wells Fargo to pay $3 bln to settle fake accounts scandal: US govt

Feb 21 2020

Wells Fargo has agreed to pay US regulators $3 billion to settle three investigations into the bank's damaging fake …

Watchdog sanctions Iran over lax terror financing laws

Feb 21 2020

A multinational financial crimes watchdog on Friday faulted Iran for not doing enough to counter a "terrorist financing …

Argentina's economy shrank 2.1% in 2019: official

Feb 21 2020

Recession-hit Argentina's economy shrank by 2.1 percent in 2019, the state statistics institute said Friday.

Canada privacy watchdog probes facial recognition startup

Feb 21 2020

Canada's privacy watchdog on Friday announced an investigation into a US software startup reportedly capable of matching …

Shopify joins nonprofit behind Facebook's Libra currency

Feb 21 2020

Online commerce platform Shopify on Friday said it has joined the nonprofit association behind Facebook's planned Libra …

Government spending key in next recession: Fed official

Feb 21 2020

Central banks will have limited room to stimulate the economy in the next downturn, which will make government spending …

Wells Fargo close to $3 bn deal over fake accounts scandal: sources

Feb 21 2020

Wells Fargo is close to reaching a settlement to pay about $3 billion to US regulators over the bank's damaging fake …

US existing home sales slip in January

Feb 21 2020

Sales of existing homes fell slightly in January as compared to the month before, but there is still strong demand amid …

EU leaders make last-ditch push for budget 'miracle'

Feb 21 2020

Feuding EU leaders made a last ditch push to agree on the bloc's trillion-euro budget on Friday, with France and Germany …

Bolsonaro wants Tesla to build plant in Brazil

Feb 21 2020

President Jair Bolsonaro said Friday he would try to convince electric carmaker Tesla to open a factory in Brazil when …

In Spain, thousands protest at Airbus plans to axe 630 jobs

Feb 21 2020

Several thousand Airbus employees staged protests outside eight production sites across Spain Friday over the European …

Markets weaker on fears of virus spread

Feb 21 2020

More cases of the new coronavirus outside China along with warnings by big companies that their earnings could be hurt …

Hopes dim for EU budget deal

Feb 21 2020

Feuding EU leaders kicked off a second day of haggling over the bloc's trillion-euro budget on Friday, with hopes of a …

Markets mostly fall on fears over spreading virus

Feb 21 2020

A spike in new virus cases outside China spooked markets Friday after Wall Street pulled back from record highs as …

Renfe inks $6 bn deal to build high-speed train in US

Feb 21 2020

Spanish train operator Renfe on Thursday said it had signed a $6-billion deal with US rail developer Texas Central to …

Ghosn postpones suit seeking retirement pay from Renault

Feb 21 2020

Lawyers for Carlos Ghosn on Friday delayed a lawsuit seeking a hefty retirement payout from his former employer Renault, …

Asian markets fall on fears over spreading virus

Feb 21 2020

A spike in new virus cases outside China spooked Asian markets Friday after Wall Street pulled back from record highs as …

Global stock markets weighed down by virus fears

Feb 21 2020

Coronavirus fears weighed on global stock markets Thursday as investors headed for the exits even after China reported a …