Business and Tech

Arrests, anger and court battles -- the case of Meng Wanzhou

AFP - 58m ago

The 2018 arrest in Vancouver of Huawei chief financial officer Meng Wanzhou on a US warrant, followed by China's …

Huawei executive freed in Canada after deal with US prosecutors

AFP - 1h ago

Chinese telecoms executive Meng Wanzhou was freed Friday after three years of house arrest in Canada, following an …

Rolls Royce wins US Air Force contract worth up to $2.6 bn

AFP - 2h ago

The US arm of Britain's Rolls Royce won a contract worth up to $2.6 billion Friday to supply engines for the US Air …

Allegations of favoring China could erode confidence in IMF chief

AFP - 3h ago

A storm of controversy threatens to undermine Kristalina Georgieva's leadership of the IMF as experts, US lawmakers and …

Global stocks mostly fall on renewed Evergrande fears

AFP - 3h ago

Stock markets mostly dropped Friday, as traders closed out a volatile week for global equities by booking profits amid …

Meng Wanzhou: Huawei's 'princess' on the rebound

AFP - 5h ago

As the daughter of the founder of Chinese telecoms giant Huawei, Meng Wanzhou was known internally as the "princess" of …

US favorable to Taiwan trade bid, urges Beijing to cease pressure

AFP - 5h ago

The United States on Friday praised Taiwan's record as a candidate to join a trans-Pacific trade deal and criticized …

Huawei executive to be freed after deal with US prosecutors

AFP - 2h ago

The chief financial officer of Chinese telecoms giant Huawei reached a deferred prosecution agreement with US …

UN redoubles green energy push to save climate, boost electricity

AFP - 7h ago

The United Nations chief called Friday for the world to redouble its renewable energy efforts to avert a climate …

Chinese police detain top execs from troubled HNA Group

AFP - 7h ago

Chinese police have detained two top executives of the debt-laden conglomerate HNA Group on suspicion of "illegal …

Huawei executive reaches deal with US prosecutors

AFP - 2h ago

The chief financial officer of Chinese telecoms giant Huawei has reached a deal with prosecutors to resolve US charges …

British ad giant WPP will pay $19 mn to settle US bribery charges

AFP - 6h ago

British advertising giant WPP will pay $19 million to settle charges brought by the United States over allegations of …

Stocks retreat on renewed Evergrande fears

AFP - 5h ago

Stock markets mostly dropped Friday, as traders closed out a largely positive week for global equities by booking …

Huawei executive reaches plea deal in US court: report

AFP - 1h ago

The chief financial officer of Chinese telecoms giant Huawei is expected to enter a plea deal in New York court Friday …

China's central bank rules all crypto transactions are illegal

AFP - 10h ago

China's central bank on Friday said all financial transactions involving cryptocurrencies are illegal, sounding the …

US new home sales surprisingly strong in August: govt

AFP - 10h ago

Sales of new homes rose faster than analysts expected last month in the United States, according to government data …

Iceland's trailblazing wage law narrows gender pay gap

AFP - 12h ago

Iceland is home to a pioneering equal pay law that has narrowed the gender wage gap -- and the man and woman running for …

Elon Musk says chip shortage only 'short term'

AFP - 7h ago

Tesla boss Elon Musk on Friday said that a global semiconductor shortage hitting car firms especially hard would be …

UK urges public calm over shut fuel stations

AFP - 13h ago

The UK government on Friday urged the public against panic-buying fuel as some petrol stations closed pumps due to a …

Stocks retreat, bitcoin down on China cryptocurrency crackdown

AFP - 2m ago

Stock markets mostly dropped Friday, as traders closed out a largely positive week for global equities by booking …

Chinese game makers vow to cut effeminacy, limit underage players

AFP - 14h ago

Hundreds of Chinese video game makers have vowed to police their products for "politically harmful" content and enforce …

Equity markets struggle as Evergrande silence fans uncertainty

AFP - 3h ago

Asian markets struggled Friday, with Hong Kong and Shanghai tumbling as property giant Evergrande's silence over a bond …

IMF warns Australia on surging home prices

AFP - 20h ago

The International Monetary Fund warned on Friday that Australia must act to curb runaway home prices, which have surged …

Ex-head of Chinese liquor giant Moutai jailed for life for bribery

AFP - 20h ago

The former head of Chinese liquor firm Kweichow Moutai, the world's most valuable spirits company, has been jailed for …

Asian markets mixed with outlook upbeat but Evergrande crisis simmering

AFP - 4h ago

Asian markets fluctuated Friday as investors kept a wary eye on developments in the Evergrande debt crisis, while …

Demonstrators briefly occupy Sao Paulo stock exchange to protest inequality

AFP - 17h ago

Several dozen demonstrators briefly occupied the Sao Paulo Stock Exchange on Thursday to protest widening economic …

Disabled people can now use Android phones with face gestures

AFP - 18h ago

Using a raised eyebrow or smile, people with speech or physical disabilities can now operate their Android-powered …

Facebook ordered to release anti-Rohingya posts for genocide case

AFP - 21h ago

A US judge has ordered Facebook to release posts the social network removed over their role in inciting …

Covid supply woes hit alcohol in the US

AFP - 3h ago

First it was computer chips, and now spirits: Global supply chain woes are shaping up as the party pooper in some parts …

Nike cuts sales forecast, citing worsening supply chain woes

Sep 23 2021

Nike cut its sales forecast Thursday, pointing to myriad supply chain problems that are delaying deliveries of athletic …

Stocks rally with Fed closer to tapering emergency support

Sep 23 2021

Global equities won solid gains on Thursday, led by Wall Street, which was buoyed by the Federal Reserve's indication it …

Twitter courts influencers with bitcoin tips and NFT craze

Sep 23 2021

Twitter on Thursday began allowing high-profile users to get tips in bitcoin as the network steps up its wooing of the …

Navalny accuses Google, Apple of becoming Putin's 'accomplices'

Sep 23 2021

Jailed Russian opposition leader Alexei Navalny accused Google and Apple Thursday of acting as the Kremlin's …

US lawmakers weigh further crackdown on 'air rage' villains

Sep 23 2021

More criminal charges against violent airline passengers, a shared national no-fly list, and halting sales of "to go" …

Britain runs coal power stations amid energy crisis

Sep 23 2021

Britain, which faces soaring natural gas prices, has been forced to run coal-fired power stations in order to secure …

EU to impose universal phone charger, in blow to Apple

Sep 23 2021

The European Union announced on Thursday that it will impose a universal charger for smartphones, setting up a clash …

Chinese jets fly near Taiwan as Beijing opposes island's trade deal bid

Sep 23 2021

China voiced opposition on Thursday to Taiwan joining a major trans-Pacific trade deal as it flew 24 planes including …

Turkey central bank cuts key rate after Erdogan pleas

Sep 23 2021

Turkey's central bank cut its main interest rate on Thursday after months of pressure from President Recep Tayyip …

Bank of England holds stimulus despite soaring inflation

Sep 23 2021

The Bank of England on Thursday left its record-low interest rate and vast stimulus unchanged, despite warning that …

Lonely toil of Belgium's 'last shale miner'

Sep 23 2021

For the past decade, Vincent Theret has worked alone in a deep hole under the wooded Ardennes hills of southern Belgium.

Evergrande founder calls for construction, sales to resume

Sep 23 2021

The head of teetering Chinese developer Evergrande has urged staff to resume construction and sales to deliver …

Delivery robots take the strain out of shopping in UK town

Sep 23 2021

It's famous for its roundabouts and statues of concrete cows. But the English town of Milton Keynes now has another …

Bank of England takes the stage after Fed signals tapering

Sep 23 2021

The Bank of England is set to keep its stimulus and record-low interest rate Thursday but could follow the Federal …

South Africa seethes at UK's Beta bogeyman 'discrimination'

Sep 23 2021

South Africa is seething over Britain's decision to keep the country on its coronavirus "red list," a move that means …

China opposes Taiwan joining Pacific trade deal

Sep 23 2021

China on Thursday said it opposed Taiwan joining a major trans-Pacific trade deal just days after Beijing said it wanted …

South African Airways resumes flights after bankruptcy

Sep 23 2021

South Africa's embattled national airline on Thursday flew its first plane since March 2020 after emerging from …

Asian markets rally on easing Evergrande fears, Fed comments

Sep 23 2021

Asian markets rose Thursday as concerns about a collapse of troubled property giant Evergrande receded for now, while …

Taiwan applies to join Pacific trade deal days after China

Sep 23 2021

Taiwan has applied to join a major trans-Pacific trade deal, officials confirmed Thursday, days after China said it also …

Ratings agency cuts China growth forecast on property woes

Sep 23 2021

Ratings agency Fitch on Thursday cut its growth forecast for China's economy this year citing a slowdown in the …

Hong Kong leads Asian markets rally as Evergrande fears subside

Sep 23 2021

Asian markets rose Thursday as concerns about the collapse of troubled property giant Evergrande receded for now, while …

Bank of England on guard against spiking inflation

Sep 23 2021

The Bank of England is expected to stay the course on interest rates and stimulus on Thursday, despite soaring inflation …

US, UK welcome China end to coal funding but seek more

Sep 23 2021

The United States and Britain on Wednesday welcomed China's promise to end funding for coal projects overseas, but …

US welcomes China end to coal funding but seeks more

Sep 23 2021

The United States on Wednesday welcomed China's promise to end funding for coal projects overseas but voiced hope the …

US ex-defense secretary testifies in Theranos fraud trial

Sep 22 2021

Fallen biotech star Elizabeth Holmes's grand promises for her blood testing technology captivated US ex-defense …

US Fed warns of 'severe damage' if senators allow debt default

Sep 22 2021

The chairman of the US Federal Reserve called on lawmakers to raise the nation's borrowing limit urgently on Wednesday, …

Stocks rally on Evergrande assurances as Fed avoids major surprises

Sep 22 2021

Stock markets were buoyant Wednesday, bouncing off recent sharp losses as concerns eased over Chinese property giant …

US Fed preparing to remove stimulus 'soon' despite slower recovery

Sep 22 2021

Rising Covid-19 cases have slowed the US economy's recovery, but the Federal Reserve on Wednesday said it may …

France pulls plug on massive Paris station revamp

Sep 22 2021

French rail operator SNCF has scrapped plans for a controversial expansion of Europe's busiest train station, the Gare …

US Fed says it may 'soon' be time to remove stimulus

Sep 22 2021

Rising Covid-19 cases have slowed the US economy's recovery, but the Federal Reserve on Wednesday said it may …

Down on the farm, UK energy crisis looms large

Sep 22 2021

The tranquil landscape of flat farmland and small villages in the Essex countryside in southeast England seems a world …

Facebook ad business hit by new Apple privacy rules

Sep 22 2021

Facebook said Wednesday that Apple's iPhone privacy changes, which allow users to block tracking, significantly affected …

Leonardo DiCaprio invests in two lab-grown meat startups

Sep 22 2021

US actor and climate activist Leonardo DiCaprio has taken an investment in two different lab-grown meat startups, the …

Stocks bouyant ahead of Fed update

Sep 22 2021

Stock markets were buoyant Wednesday, bouncing off recent sharp losses as concerns eased over Chinese property giant …

US existing home sales fall as supply tightens

Sep 22 2021

Sales of US existing homes fell in August for the first time in three months as the ongoing supply shortage and high …

Stocks rise awaiting Fed update

Sep 22 2021

Stock markets mostly rose Wednesday, recovering further from recent sharp losses on easing concerns over Chinese …

Afghan girls robotics team design their future in Qatar

Sep 22 2021

The nine members of an all-girl Afghan robotics team evacuated from Kabul to Qatar have built on their star status and …

UK deal to resume CO2 output key to food firms to cost millions

Sep 22 2021

Britain warned Wednesday that a deal to restart captured carbon dioxide production, which is vital for the food industry …

France's EDF in talks with GE to buy nuclear turbine ops

Sep 22 2021

French electricity giant EDF is in talks with General Electric to buy its steam turbine business for nuclear plants, the …

Stocks, dollar mostly higher before Fed

Sep 22 2021

Stock markets mostly rose Wednesday, recovering further from recent sharp losses on easing concerns over Chinese …

Neflix acquires the whole works of Roald Dahl

Sep 22 2021

Netflix said Tuesday it has acquired the whole works of acclaimed children's author Roald Dahl, creator of such classics …

Australia sets conditions for China joining Pacific pact

Sep 22 2021

China must end a freeze on contacts with senior Australian politicians if it hopes to join a trans-Pacific trade pact, …

Evergrande agrees deal to avoid default on key bond

Sep 22 2021

Embattled Chinese property titan Evergrande said Wednesday it had agreed a deal with domestic bondholders that should …

Gambling group DraftKings bids $22.5 bn for Entain

Sep 22 2021

UK gambling giant Entain on Wednesday said it had received a takeover bid from US rival DraftKings worth $22.5 billion …

Asian investors soothed by Evergrande bond plan

Sep 22 2021

Asian markets mostly rose on Wednesday with nerves settled for now by news that troubled Chinese property giant …

Nigeria, Ghana sprint to join digital currency race

Sep 22 2021

Nigeria and Ghana are racing to adopt a central bank digital currency as they look to ride the wave of popularity of …

Evergrande agrees deal to avoid default on key bond: company

Sep 22 2021

Embattled Chinese housing giant Evergrande said Wednesday it had agreed a deal with domestic bondholders that should …

IMF execs meet over charges boss changed data to favor China

Sep 22 2021

The International Monetary Fund's board of directors met Tuesday over charges that its director, Kristalina Georgieva, …

Fed may hint at ending stimulus, but no big moves expected

Sep 22 2021

Will they or won't they? Markets worldwide will be holding their collective breaths on Wednesday as they await the …

IMF execs meets over charges boss changed data to favor China

Sep 22 2021

The International Monetary Fund's board of directors met Tuesday over charges that its director, Kristalina Georgieva, …

ADB cuts Asia growth forecast on slow Covid vaccine rollout

Sep 22 2021

The Asian Development Bank warned of "lasting scars" from the coronavirus pandemic as it cut its 2021 growth forecast …

Yelp, Lyft, Patagonia, other US firms oppose Texas abortion law

Sep 21 2021

More than 50 US companies, including the online review service Yelp, clothing maker Patagonia and ride-hailing app Lyft, …

US sues to block American Airlines-JetBlue alliance

Sep 21 2021

The US Justice Department filed a lawsuit Tuesday to block the alliance between American Airlines and JetBlue that it …

Global equities finished mixed after Evergrande rout

Sep 21 2021

European equities rebounded on Tuesday after fears over the possible collapse of Chinese property giant Evergrande …

In climate landmark, China promises to end coal funding overseas

Sep 21 2021

China will stop funding coal projects overseas, President Xi Jinping announced Tuesday, all but ending the flow of …

Xi tells UN China will stop funding coal projects overseas

Sep 21 2021

China will stop funding coal projects overseas, President Xi Jinping said Tuesday, ending a major source of support for …

As Evergrande lurches, regulatory chief says US markets strong

Sep 21 2021

With Chinese real estate giant Evergrande teetering on the brink of collapse, the head of the US markets regulator said …

Facebook seeks to defend itself after scathing reports

Sep 21 2021

Facebook on Tuesday fired back after a series of withering Wall Street Journal reports that the company failed to keep …

Fed opens policy meeting as markets awaits taper signal

Sep 21 2021

The Federal Reserve opened its two-day policy meeting on Tuesday, with investors around the world awaiting a signal on …

Google to spend $2 bn on New York City office

Sep 21 2021

Google announced on Tuesday plans to buy a New York City office building for $2.1 billion, confirming its push into …

US, European stocks rebound after Evergrande-driven rout

Sep 21 2021

US and European equities rebounded on Tuesday after fears over the possible collapse of Chinese property giant …

Universal Music worth $53 bn as shares soar on stock debut

Sep 21 2021

Shares in Universal Music, the world's biggest major label with a lineup of megastars from The Beatles to Taylor Swift, …

Former Fiat Chrysler chief Mike Manley quits Stellantis

Sep 21 2021

Mike Manley, the Fiat Chrysler chief who guided the Italian-American automaker's merger with PSA to form Stellantis, is …

Crunch time for Evergrande, but no 'Lehman moment'

Sep 21 2021

With the future of Evergrande hanging in the balance, global markets have plunged on fears that one of China's biggest …

US sanctions crypto exchange over ransomware ties

Sep 21 2021

The United States imposed sanctions Tuesday on cryptocurrency exchange SUEX for its ties to ransomware extortionists, as …

US sanctions cryptocurrency exchange over ties to ransomware attacks

Sep 21 2021

The United States imposed sanctions Tuesday on cryptocurrency exchange SUEX for its ties to ransomware attackers, as …

NFT craze fuels $4.3 bn French football card startup

Sep 21 2021

Sorare, the French startup behind a game that lets players trade virtual football stickers for hefty sums, on Tuesday …

IEA presses Russia to end Europe gas shortage

Sep 21 2021

The International Energy Agency on Tuesday urged Russia to step up gas deliveries to Europe in anticipation of higher …

Universal Music worth $50 bn as shares soar on stock debut

Sep 21 2021

Shares in Universal Music, the world's biggest major label with a lineup of megastars from The Beatles to Taylor Swift, …

US homebuilding accelerates as firms aim to close supply gap

Sep 21 2021

US homebuilding accelerated last month, according to government data Tuesday, as construction firms looked to feed the …

OECD lowers global, US economic growth forecasts

Sep 21 2021

The OECD warned Tuesday of an "uneven" global economic recovery as it lowered its 2021 growth forecasts for the world …

Afghan merchants fear for future as Taliban takeover raises costs

Sep 21 2021

Merchants in the historic Afghan trading city of Herat fear for their future after being hit by Taliban tax collection …

Iron curtain falls on Hong Kong cinema as censors demand cuts

Sep 21 2021

Once renowned for world-class cinema, Hong Kong's film industry was already struggling before the latest hurdle -- …