Business and Tech

Uber posts profit on one-time gains

AFP - 19m ago

Uber on Wednesday reported a profit in second quarter on one-time gains and said its pandemic-stalled ride-hailing …

Rihanna 'worth $1.7bn': Forbes

AFP - 35m ago

Singer and businesswoman Rihanna is worth a whopping $1.7 billion, Forbes said Wednesday, making her one of the richest …

US stocks, oil prices stumble as jobs report disappoints

AFP - 2h ago

Wall Street stocks and oil prices slipped on Wednesday as a disappointing private US jobs report and the surging Delta …

Facebook sparks row by cutting off researchers

AFP - 3h ago

Facebook has cut off some academic researchers for "scraping" data from the platform, sparking a fresh controversy about …

New York Auto Show canceled due to Covid-19

AFP - 4h ago

The New York auto show pulled the plug on its 2021 edition on Wednesday, citing the uptick in Covid-19 cases and new …

US recovery stumbles as private hiring slows sharply in July

AFP - 5h ago

After recovering strongly as widespread vaccinations allowed for an easing of pandemic restrictions, hiring by American …

Racial employment divide continues in recovering US economy

AFP - 7h ago

As vaccines help quell Covid-19 cases, millions of Americans have gone back to work -- but fewer Black and Hispanic …

Recovering US economy pushes service sector gauge to record

AFP - 8h ago

An index measuring the health of the massive US service sector climbed to a new all-time high in July as the economy …

NY Times reaches 8 million subscribers, profits up

AFP - 8h ago

The New York TImes said Wednesday it now has more than eight million subscribers in a quarterly update showing improving …

EU signs initial deal with Novavax for Covid vaccine

AFP - 9h ago

The European Commission announced on Wednesday it has signed a preliminary deal to buy up to 200 million doses of a …

US stocks, oil prices fall as jobs report disappoints

AFP - 2h ago

Wall Street, oil prices and the dollar were down on Wednesday as a disappointing private jobs report and the coronavirus …

GM lifts profit outlook on strong pricing despite chip shortage

AFP - 9h ago

General Motors lifted its 2021 profit forecast Wednesday as the semiconductor shortage limits car inventories and drives …

Stocks rise as traders track recovery optimism

AFP - 3h ago

Stock markets rose Wednesday as traders weighed economic recovery prospects against concerns over the fast-spreading …

Afterpay mega-deal puts spotlight on 'buy now, pay later' platforms

AFP - 12h ago

The $29-billion takeover of Australia's "buy now, pay later" app Afterpay by US firm Square has thrown a spotlight on a …

Spain's La Liga to get private equity cash injection

AFP - 13h ago

Spain's top football league announced Wednesday it has agreed in principle to sell 10 percent of its business to private …

Spain's La Liga to sell $3.2 billion stake to CVC

AFP - 55m ago

Spain's top football league announced Wednesday it has agreed in principle to sell 10 percent of its business to private …

Shares of Vodafone's India arm in free-fall

AFP - 14h ago

Shares in telecoms giant Vodafone's debt-ridden Indian unit fell sharply for a second day Wednesday following reports …

Asian markets mostly up as recovery optimism takes centre stage

AFP - 2h ago

Asian equities mostly rose Wednesday, in line with the recent volatility in global markets as optimism over the economic …

Sony upgrades profit outlook on strong Q1 performance

AFP - 15h ago

Sony upgraded its full-year profit forecast Wednesday on the back of a strong quarterly performance, although the …

Toyota net profit hits Q1 record but forecast unchanged

AFP - 13h ago

Toyota's net profit soared more than fivefold in the first quarter as strong sales were fuelled by the recovery from the …

Sony upgrades annual profit outlook on strong Q1 performance

AFP - 9h ago

Sony upgraded its full-year profit forecast Wednesday on the back of a strong quarterly performance, although the …

Alibaba earnings down as China tech giants face turmoil

AFP - 12h ago

Chinese e-commerce leader Alibaba Group said Tuesday that it posted lower profit but maintained steady revenue growth, …

Toyota net profit soars to Q1 record, forecast unchanged

AFP - 2h ago

Toyota's net profit soared more than fivefold in the first quarter as strong sales were fuelled by the recovery from the …

Toyota Q1 net profit rockets to $8.2 bn, forecast unchanged

AFP - 20m ago

Toyota said Wednesday that net profit jumped more than 460 percent in the first quarter, boosted by strong sales fuelled …

German startups launch mini-rocket challenge to SpaceX and co.

AFP - 10h ago

Car-manufacturing powerhouse Germany is rushing to join the private sector space race as it looks to ride a boom in …

New eviction moratorium in much of US as Delta variant spreads

AFP - 18h ago

Under pressure from progressive Democrats, US health authorities on Tuesday declared a new moratorium on tenant …

Boeing delays key uncrewed test flight to ISS

AFP - 15h ago

Boeing delayed an uncrewed flight of its Starliner capsule to the International Space Station (ISS) on Tuesday over a …

'Potential hijack' of ship off UAE coast: UK maritime security agency

AFP - 14h ago

A UK maritime security agency said Tuesday a ship may have been hijacked off the coast of the United Arab Emirates, five …

Activision Blizzard executive exits following sexism row

Aug 03 2021

Activision Blizzard unveiled a management shakeup Tuesday following employee protests and a California state lawsuit …

Stocks rebound, oil slips as Chinese concerns linger

Aug 03 2021

Wall Street stocks shook off early weakness Tuesday, while other equity markets were mixed and oil prices fell again as …

Stellantis posts strong inaugural earnings, steps up electric drive

Aug 03 2021

US-European auto giant Stellantis, formed by Peugeot and Fiat Chrysler this year, posted Tuesday a sizeable first-half …

Stocks struggle, oil slips as Chinese concerns linger

Aug 03 2021

Most major stock markets eased lower Tuesday as traders weighed strong earnings news against the potential impact of the …

European stocks climb, oil rebounds but China concerns linger

Aug 03 2021

European stock markets rose Tuesday following losses in Asia as traders weighed strong earnings news against the …

China gaming shares dive after 'spiritual opium' warning

Aug 03 2021

Shares of Tencent and other major Chinese gaming companies plummeted Tuesday after a state-run media article described …

Asian markets mixed as Delta virus variant fans recovery concerns

Aug 03 2021

Asian markets were mixed Tuesday and oil extended losses as the impact of the fast-spreading Delta coronavirus variant …

BP returns to profit as oil prices recover

Aug 03 2021

BP returned to profit in the second quarter, the British energy giant announced Tuesday, having posted a hefty loss one …

Chip shortage 'likely' to hit second half, BMW predicts

Aug 03 2021

German car giant BMW posted record profit of 4.8 billion euros for the second quarter on Tuesday, but warned the second …

Auto giant Stellantis posts strong profit in inaugural first half

Aug 03 2021

US-European auto giant Stellantis, formed by Peugeot and Fiat Chrysler, posted a sizeable net profit in the new …

Asian markets mixed as Delta fans recovery concerns

Aug 03 2021

Asian markets were mixed Tuesday and oil extended losses as the impact of the fast-spreading Delta coronavirus variant …

France's Sanofi expands mRNA drive with US firm purchase

Aug 03 2021

France's pharmaceutical giant Sanofi, which has lagged behind rivals in developing new generation mRNA Covid-19 …

New vote recommended in US Amazon union election

Aug 03 2021

A US labor official has recommended the results be nullified in a failed vote to unionize Amazon workers at an Alabama …

Asian markets drop as Delta fans recovery concerns

Aug 03 2021

Asian markets fell on Tuesday while oil held most of the previous day's losses as the impact of the fast-spreading Delta …

Swiss flavour firm gets taste for post-Covid health food boom

Aug 03 2021

Health foods will become a dominant nutrition trend in the post-Covid era, the boss of the Swiss group Firmenich, one of …

Huawei exec due back in Canada court over US extradition request

Aug 03 2021

The chief financial officer of Chinese tech giant Huawei will be back in a Canadian court on Wednesday for a final round …

Boeing attempts uncrewed test flight to ISS a second time

Aug 03 2021

Boeing will be aiming to get its spaceflight program back on track Tuesday with an uncrewed flight of its Starliner …

Australia's Qantas to furlough 2,500 workers

Aug 03 2021

Australian airline Qantas announced Tuesday it will furlough 2,500 workers as coronavirus outbreaks and regional …

Treasury's Yellen urges Congress to raise US debt limit

Aug 03 2021

US Treasury Secretary Janet Yellen on Monday called on Congress to take steps to address the federal government's …

Oil prices, Dow fall as markets grapple with latest Covid-19 resurgence

Aug 02 2021

Oil prices tumbled Monday on weak manufacturing data from China, while global growth worries also weighed on US equities …

Stocks rebound, but oil drops on Chinese PMI data

Aug 02 2021

Stock markets rebounded on Monday but investor optimism over the global recovery was kept in check by worries over the …

Google to build its own chip for new Pixel smartphone

Aug 02 2021

Google on Monday unveiled a new flagship Pixel smartphone powered by its first mobile chip to put artificial …

US manufacturing growth slows sharply in July: survey

Aug 02 2021

US factory activity slowed sharply in July amid ongoing supply shortages and bottlenecks, according to an industry …

Stocks rebound but China, Delta fears temper optimism

Aug 02 2021

Stock markets rebounded Monday but investor optimism over the global recovery was kept in check by worries over the …

Israel's govt approves state budget after 3-year impasse

Aug 02 2021

The Israeli government agreed Monday on a state budget for the first time in three years after a political crisis that …

Heineken swings back to profit as Covid restrictions ease

Aug 02 2021

Heineken returned to profit in the first half of the year as countries lifted Covid restrictions, but the pandemic …

French insurer Axa profits soar above pre-Covid level

Aug 02 2021

French insurance giant Axa posted Monday a surge in profits above pre-pandemic levels in the first half of 2021 and …

Australia Tesla battery blaze under control after three days

Aug 02 2021

A blaze at a massive Tesla battery site in Australia that started three days ago was brought under control on Monday, …

Heineken net profits surge as Covid restrictions ease

Aug 02 2021

Heineken posted on Monday strong earnings in the first half of the year as countries lifted Covid restrictions, but the …

Israel's govt approves state budget after 3-year impass

Aug 02 2021

The Israeli government on Monday agreed on a state budget for the first time in three years after a political crisis …

Markets mostly rise but China, Delta fears temper optimism

Aug 02 2021

Most markets rose in Asia and Europe on Monday but investor optimism over the global recovery was kept in check by …

HSBC first-half profits more than double, resumes dividends

Aug 02 2021

HSBC on Monday said it would resume paying dividends to shareholders after first-half profits more than doubled as an …

Dorsey's Square to buy Australia fintech Afterpay for $29 billion

Aug 02 2021

Jack Dorsey's Square unveiled a record $29 billion deal to snap up Australia's fast-growing buy-now, pay-later firm …

US lawmakers finish $1 trillion infrastructure proposal

Aug 02 2021

US senators on Sunday finalized a historic, trillion-dollar infrastructure proposal that is expected to be approved …

Asian markets mostly up but China, Delta fears temper optimism

Aug 02 2021

Asian markets mostly rose Monday but investor optimism over the global recovery was being kept in check by worries over …

Asian markets mostly up by as China, Delta fears temper optimism

Aug 02 2021

Asian markets mostly rose Monday but investor optimism over the global recovery was being kept in check by worries over …

Digital payment platform Square to buy Afterpay for $29 bn

Aug 02 2021

US digital payment platform Square, founded by Twitter boss Jack Dorsey, announced Sunday it will acquire Australia's …

Zoom to settle US privacy lawsuit for $85 mn

Aug 02 2021

Zoom, the videoconferencing firm, has agreed to settle a class-action US privacy lawsuit for $85 million, it said …

Workers at world's biggest copper mine in Chile agree to strike

Aug 01 2021

Workers at the world's biggest copper mine, in Chile, have called a strike after rejecting a compensation offer by …

YouTube suspends Sky News Australia channel

Aug 01 2021

YouTube said Sunday it had barred Sky News Australia from uploading new content for one week, citing concerns about …

Kitchen robot in Riga cooks up new future for fast food

Aug 01 2021

A pasta order comes in and the robotic arm springs into action at the Roboeatz eatery in Riga. After five minutes of …

Luxury looks homeward as Covid curtails travel

Aug 01 2021

The luxury sector has flashed back from the Covid-19 pandemic but the crisis is still putting a crimp in travel, a key …

Carmakers warn chip shortage putting brakes on recovery

Aug 01 2021

The automobile industry is being hit hard by a shortage of computer chips that has slowed production and is set to drag …

The chips are down: why there's a semiconductor shortage

Aug 01 2021

A shortage of semiconductors has sent shockwaves through the global economy, squeezing supplies of everything from cars …

Why an Israeli company is developing an oral Covid vaccine

Aug 01 2021

Imagine a Covid-19 vaccine that came as a pill: no needles, no medical professionals required to administer it, …

China, Australia ramp up Covid curbs as Delta variant spreads

Jul 31 2021

China and Australia ramped up Covid-19 curbs Saturday as Delta variant cases surged and tens of thousands rallied in …

Super cruise ship sets sail from Saudi for first time

Jul 31 2021

A super cruise ship has departed Saudi Arabia for the first time, setting sail for regional waters as the kingdom seeks …

China outbreak spreads as WHO sounds alarm on Delta

Jul 31 2021

Mushrooming outbreaks of the Delta variant prompted China and Australia to impose stricter Covid-19 curbs on Saturday, …

Bangladeshis rush back to work as factories reopen despite virus surge

Jul 31 2021

Hundreds of thousands of Bangladeshi garment workers rushed back to major cities Saturday, besieging train and bus …

China factory activity slows in July, hit by extreme weather

Jul 31 2021

Chinese factory activity weakened in July to its lowest level since the start of the pandemic, data showed Saturday, as …

Israel blames Iran over lethal attack on oil tanker off Oman

Jul 31 2021

Two crew members of an oil tanker managed by a prominent Israeli businessman's company were killed off Oman in what …

US oil giants to keep a lid on spending even as profits surge

Jul 31 2021

US oil giants ExxonMobil and Chevron reported strong profits Friday riding a wave of higher prices amid recovering …

Stocks fall on Delta worries, profit taking

Jul 31 2021

Major stock markets pulled back Friday as worries about the Delta variant of Covid-19 and profit taking offset another …

Walmart, Disney announce new Covid-19 steps amid Delta surge

Jul 31 2021

Walmart announced Friday it is again requiring some American employees to wear face masks, while Disney mandated …

China fights Covid surge as Japan extends emergency during Olympics

Jul 30 2021

Hundreds of thousands of people in China were in lockdown on Friday as the country battled its worst Covid-19 outbreak …

EU banks can weather 'harsh' crises but with big losses

Jul 30 2021

European banks can weather a severe economic crisis with a sharp drop in their financial reserves, according to results …

Walmart again requiring masked workers in parts of US

Jul 30 2021

The world's largest retailer Walmart announced Friday that it will again require employees to wear face masks at stores …

Twitter to offer 'bounty' to find algorithmic bias

Jul 30 2021

Twitter said Friday it would offer a cash "bounty" to users and researchers to help root out algorithmic bias on the …

Caterpillar see profits jump despite reticence in key industries

Jul 30 2021

Caterpillar reported a jump in second-quarter profits Friday driven by higher sales across its divisions, but said …

Stocks decline on profit-taking

Jul 30 2021

Major stock markets declined Friday as investors digested earnings and took profits from strong gains the previous day, …

Two dead in attack on Israel-linked oil tanker off Oman

Jul 30 2021

Two crew members of an oil tanker managed by a company owned by a prominent Israeli businessman were killed in an attack …

Deadly wildfires deal new blow to Turkish tourism

Jul 30 2021

Turkish firefighters made progress Friday containing deadly wildfires that forced the evacuation of entire villages and …

European stocks softer on profit-taking

Jul 30 2021

Major stock markets were softer Friday as investors digested earnings and took profits from strong gains the previous …

US price spike stabilized in June, income rising

Jul 30 2021

A key US inflation index climbed four percent in June compared to the same month last year, according to government data …

P&G sees sales growth cooling on supply chain pressure

Jul 30 2021

Procter & Gamble reported higher quarterly earnings on Friday, but cautioned that the uptick in sales would moderate as …

Higher oil prices boost ExxonMobil profits

Jul 30 2021

ExxonMobil reported better-than-expected quarterly profits Friday on higher commodity prices, pointing to rising energy …

Isabel dos Santos ordered to return Galp shares to Angola

Jul 30 2021

Isabel dos Santos, daughter of Angola's former president and Africa's onetime richest woman, must return to Angola her …

European stocks drop on profit-taking

Jul 30 2021

Europe's major stock markets sank Friday, chasing Asia lower as investors digested earnings and took profits from strong …

Eurozone economy rebounds as restrictions recede

Jul 30 2021

The eurozone economy rebounded by a strong two percent in the second quarter, according to official data released on …

Hong Kong GDP up 7.5% in Q2 as post recession recovery continues

Jul 30 2021

Hong Kong's economy is continuing to recover, advanced figures showed Friday, albeit at a slightly slower than expected …

Asian stocks fall again as China woes top upbeat recovery outlook

Jul 30 2021

Equities fell in Asia on Friday, setting them up to end a volatile week on a negative note as China's regulatory …

Virus-hit airline giant IAG narrows loss in first half

Jul 30 2021

IAG, the owner of British Airways and Iberia, said Friday that it narrowed its net loss in the first half, but continued …

School's out? Tuition curbs pile on the anxiety for China's parents

Jul 30 2021

In Beijing's exclusive Haidian district, Zhao says she ploughs $10,000 a year into extra classes for her eight-year-old, …

Big Tech booms even as lockdown living wanes

Jul 30 2021

Big Tech goliaths like Facebook and Amazon unveiled whopping profits this week, showing their dominance in lockdown …