Business and Tech

EU and India relaunch trade quest at Covid-hit summit

AFP - 2h ago

The EU and India are expected to further bolster warming ties Saturday by relaunching long-stalled trade talks and …

Perseverance rover captures sound of Ingenuity flying on Mars

AFP - 1h ago

NASA's Perseverance rover has for the first time captured the low-pitched whirring of the Ingenuity helicopter's blades …

EU leaders pledge Brussels' role in fight against poverty

AFP - 5h ago

EU leaders stressed on Friday the importance of fighting poverty and inequality as the continent emerges from the …

US belatedly joins 'Christchurch Call' against online extremism

May 07 2021

The United States will join an international bid to stamp out violent extremism online, the White House said Friday, …

US stocks end at records as weak jobs data boost stimulus hopes

May 07 2021

Wall Street indices ended at fresh records Friday, while the dollar tumbled after disappointing US jobs data fueled …

Disappointing April jobs data pose new challenge for Biden agenda

May 07 2021

The United States added just 266,000 jobs in April -- a quarter of the number expected -- in a surprise setback for …

US magazine's staff down tools after CEO questions telework

May 07 2021

Writers at a US magazine stopped work Friday after the company's chief executive penned an essay in the Washington Post …

WhatsApp delays enforcing new privacy terms

May 07 2021

Facebook-owned messaging colossus WhatsApp on Friday retreated again from its plan to force users to accept new terms …

EU leaders tackle Brussels' role in fight against poverty

May 07 2021

EU leaders stressed on Friday the importance of fighting poverty and inequality as the continent emerges from the …

'Doctor Copper' in rude health but US jobs growth anaemic

May 07 2021

Copper and iron ore prices hit record highs Friday as demand for the key commodities surges on the back of a powerful …

Pfizer, BioNTech seek full US approval for Covid-19 vaccine

May 07 2021

Pfizer and BioNTech said Friday they were launching an application requesting full US regulatory approval for their …

Asian Development Bank proposes ending financing for coal plants

May 07 2021

The Asian Development Bank will stop financing new coal power plants under a draft energy policy released Friday that …

UK MPs to question ex-PM Cameron over lobbying row

May 07 2021

Britain's former prime minister David Cameron and financier Lex Greensill will face long-awaited questions from …

Total pulls Le Monde ads over report on Myanmar military ties

May 07 2021

French energy giant Total pulled adverts from Le Monde after it reported that the company was paying gas revenues to …

Philip Morris to phase out cigarettes in Japan within decade

May 07 2021

The head of tobacco giant Philip Morris said the company will phase out conventional cigarettes in Japan within 10 …

French restaurants struggle to fill jobs lost in lockdown

May 07 2021

As restaurants across France prepare to fire up stoves after months of lockdown, owners are facing an unexpected …

Copper, iron ore hit records as demand surges

May 07 2021

Copper and iron ore prices hit record highs Friday as demand for the key commodities surges on the back of a powerful …

In Covid times, Ghana's 2.0 churches thrive

May 07 2021

The pandemic has forced many Christian Ghanaians to change their religious practices, with churches turning to online …

Copper, iron ore hit records as demand surges but stocks mixed

May 07 2021

Copper and iron ore prices hit record highs Friday as demand for the key commodities surges on the back of a powerful …

After shift on vaccine patents, US backs freer flow of components

May 07 2021

The new US position in support of lifting patents on Covid-19 vaccines has taken attention away from an equally …

China's exports top forecasts, imports growth best in 10 years

May 07 2021

Chinese exports grew at a forecast-busting rate last month, data showed Friday, while imports surged at their strongest …

Australia borders could be shut until late 2022: minister

May 07 2021

Australia is likely to remain shut to visitors until late 2022, the country's trade and tourism minister said Friday, as …

Asian markets rally on US outlook, iron ore at record high

May 07 2021

Asian markets rallied Friday following a record-breaking finish on Wall Street as traders keenly await a key US jobs …

Veggie satay: Singapore lab cooks up Asian favourites, minus the meat

May 07 2021

From faux-chicken satay to imitation beef rendang, a high-tech Singapore laboratory is replicating popular Asian dishes …

Twitter lets people leave tips for some tweeters

May 07 2021

Twitter on Thursday began letting some users add virtual tip jars to accounts so people can support their tweets by …

Rental cars becoming scarce and expensive for US travelers

May 07 2021

Talk about sticker shock: The $600 price tag for Joe Pohlen to rent a car for two days was twice as expensive as his …

Big Pharma says vaccine patent waiver sets dangerous precedent

May 07 2021

Waiving patent protections for Covid-19 vaccines is fiercely opposed by Big Pharma because they say it would set a …

US expected to see hiring surge as vaccines resurrect ailing economy

May 07 2021

The US government is set to release data Friday that could show huge numbers of workers found new jobs last month, the …

Twitter suspends accounts skirting Trump ban

May 07 2021

Twitter on Thursday confirmed that it pulled the plug on several accounts trying to skirt its ban on former president …

"I felt really heavy:" astronauts describe returning to Earth on SpaceX capsule

May 07 2021

Four astronauts just returned from the International Space Station described on Thursday their reentry into Earth's …

US-Germany rift could scupper vaccine patent waiver

May 06 2021

A bold US bid to waive patents on much-needed coronavirus vaccines was strongly opposed by Germany on Thursday, …

Facebook panel punt on Trump puts onus back on Zuckerberg

May 06 2021

Facebook's top executives set up an independent oversight board to avoid having to make tough decisions about explosive …

Stocks mostly advance but vaccine stocks hit

May 06 2021

European and US equities moved mostly higher on Thursday as encouraging data provided more indications of the strength …

Chile lawmakers take first step towards new copper mining tax

May 06 2021

Chile's lower house of parliament on Thursday approved a bill seeking to impose an extra tax on sales of copper and …

Biden says US must invest because China 'eating our lunch'

May 06 2021

President Joe Biden warned Thursday that Congress needs to adopt his multi-trillion dollar spending plans to renew the …

Boeing's troubled Starliner capsule now aiming for July launch

May 06 2021

NASA and Boeing are now targeting July 30 for an uncrewed test flight of the aerospace company's troubled Starliner …

Facebook fights influence-for-hire campaigns

May 06 2021

Facebook said Thursday that it had taken down nine deceptive online campaigns as marketing firms make a business of …

Support grows for vaccine patent waiver as India deaths hit new record

May 06 2021

International support grew Thursday for a US proposal to waive patents on much-needed coronavirus vaccines, a move …

UK recalls navy vessels as Jersey standoff with France eases

May 06 2021

A tense post-Brexit standoff between France and Britain eased Thursday, as London recalled two navy vessels sent to …

British-French Jersey standoff eases as trawlers withdraw

May 06 2021

French trawlers withdrew from waters around Jersey on Thursday after a protest over post-Brexit fishing rights that led …

gotStocks mostly advance but vaccine stocks hit

May 06 2021

European and US equities moved mostly higher on Thursday with encouraging data providing more indications of the …

Cutting methane emissions key to slowing warming: UN

May 06 2021

Industry could cheaply and easily slash humanity's methane emissions by at least 30 percent in a decade, the United …

Support grows for vaccine patent waiver as India sees record Covid deaths

May 06 2021

International support grew Thursday for a US proposal to waive patents on much-needed coronavirus vaccines, as India …

US jobless claims dip to new pandemic low as vaccines pay off

May 06 2021

New applications for jobless aid in the United States dropped below 500,000 last week for the first time since the …

Stocks in holding pattern despite recovery poised for takeoff

May 06 2021

European and US equities were mixed on Thursday despite encouraging data providing more indication of the strength of …

BoE sees stronger UK growth recovery in 2021

May 06 2021

The Bank of England said Thursday that the UK economy will enjoy a stronger-than-expected recovery this year after the …

New US jobless claims plunged 92,000 last week: govt

May 06 2021

Americans filed 92,000 fewer applications for unemployment aid last week, the government reported Thursday, in the …

Britain, France send ships to Jersey as fishing spat deepens

May 06 2021

Britain and France sent navy and coastal patrol ships to waters near the Channel island of Jersey on Thursday as …

European stocks waver after recovery-driven rally

May 06 2021

European equities wobbled Thursday after the previous day's recovery-driven gains, as investors eyed both an interest …

Air France-KLM pins hopes on summer after huge Covid losses

May 06 2021

Air France-KLM posted huge first-quarter losses on Thursday, pinning its hopes on a better summer to recover as it sees …

Asia-listed pharma firms take a hit on vaccine waiver talk

May 06 2021

Shares in Asia-listed vaccine makers tumbled Thursday after the US backed a plan for a waiver on Covid-19 patent …

Microsoft pledges to store European cloud data in EU

May 06 2021

US tech giant Microsoft pledged Thursday to process and store all European cloud-based client data in the European Union …

Most Asian, European markets lifted by recovery optimism

May 06 2021

Most markets in Asia and Europe rose Thursday as investors welcomed a strong jobs report from the United States that …

Microsoft pledges to store European cloud data in Europe

May 06 2021

US tech giant Microsoft on Thursday pledged to store all European cloud-based client data in Europe amid unease on the …

Nintendo logs record pandemic profit but outlook cautious

May 06 2021

Nintendo reported a record annual profit Thursday after virus lockdowns caused sales of its blockbuster Switch console …

China suspends dialogue agreement with Australia

May 06 2021

China on Thursday cut off a channel for diplomatic and trade talks with Australia in a largely symbolic act of fury, …

Most Asian markets lifted by recovery optimism

May 06 2021

Most markets rose in Asia on Thursday as investors welcomed a strong jobs report from the United States that reinforced …

Volkswagen profits rise but chip shortage impact not over

May 06 2021

German carmaker Volkswagen reported a jump in first quarter profits Thursday but warned that a global shortage of …

China suspends economic accord with Australia

May 06 2021

China on Thursday suspended an economic agreement with Australia, worsening an already-troubled relationship fractured …

Pandemic pushes Air France-KLM deep into red in Q1

May 06 2021

Air France-KLM posted on Thursday huge first-quarter losses and warned that the situation would not improve much in the …

US backs plan to waive Covid-19 vaccine patents

May 06 2021

US President Joe Biden's administration on Wednesday announced support for a global waiver on patent protections for …

Australian regulator moves to block Qantas-Japan Airlines deal

May 06 2021

Australia's competition regulator on Thursday said it would block a pricing, code-sharing and scheduling deal between …

UK sends Navy ships to Jersey as French fishing row escalates

May 06 2021

British Prime Minister Boris Johnson on Wednesday sent two Navy patrol vessels to Jersey over concerns that French …

Touchdown! SpaceX successfully lands Starship rocket

May 05 2021

SpaceX managed to land its prototype Starship rocket at its Texas base without blowing it up on Wednesday, the first …

Uber loss narrows as it hopes to rev shared rides

May 05 2021

Uber on Wednesday reported that it narrowed its quarterly loss by selling its self-driving tech unit and said its …

El Salvador Congress removes tax break for newspapers

May 05 2021

El Salvador's Congress on Wednesday removed a tax break that benefits newspapers -- many of which are harsh critics of …

European, US stocks mostly rise on improving economic data

May 05 2021

Global equities rebounded Wednesday as investors focused on bright earnings and data pointing to an economic recovery, …

Facebook panel member on Trump ban ruling -- and what happens next

May 05 2021

Facebook's independent oversight board said its decision to uphold the platform's ban on Donald Trump was based on …

Biden administration blocks Trump rule on gig workers

May 05 2021

The US Labor Department on Wednesday blocked a rule handed down under former president Donald Trump that would have …

US announces support for Covid-19 vaccine patent waiver

May 05 2021

US President Joe Biden's administration on Wednesday announced its support for a global waiver on patent protections for …

UK govt condemns French threats over post-Brexit fishing

May 05 2021

Britain on Wednesday called French threats to cut off electricity to the Channel Island of Jersey "unacceptable" in an …

Facebook oversight board affirms Trump ban -- for now

May 05 2021

Facebook's independent oversight board on Wednesday upheld a ban on former US president Donald Trump while ordering …

WTO calls for agreement for fair access to Covid jabs

May 05 2021

The World Trade Organization chief called Wednesday for international agreement on how to ensure more equal access to …

Peloton agrees to recall treadmills after child dies

May 05 2021

Exercise equipment maker Peloton on Wednesday announced it had agreed with US safety regulators to recall some of its …

Supermarkets threaten Brazil boycott over deforestation

May 05 2021

Dozens of European food retailers on Wednesday threatened Brazil with a boycott of agricultural products should it pass …

Dow hits new high as brightening outlook cheers markets

May 05 2021

Global equities rebounded Wednesday as investors focused on bright earnings and data pointing to an economic recovery, …

Facebook oversight board upholds Trump ban

May 05 2021

Facebook's independent oversight board on Wednesday upheld a ban on former US president Donald Trump while ordering …

US service sector sees long-awaited relief as economy reopens

May 05 2021

After a year of layoffs and uncertainty, data released on Wednesday showed the US service sector adding jobs and …

EU beefs up powers to curb China as trade deal prospects cool

May 05 2021

The European Commission on Wednesday unveiled new powers to block state-backed companies from making unfair inroads into …

US service sector continues expansion in April, pace slows: survey

May 05 2021

The US service sector last month continued its recovery from the Covid-19 pandemic, according to an industry survey …

GM affirms 2021 outlook despite semiconductor crunch

May 05 2021

General Motors reported higher first-quarter profits and reaffirmed its full-year outlook Wednesday, despite a global …

Brightening outlook pushes markets higher

May 05 2021

Global equities rebounded Wednesday as investors focused on bright earnings and data pointing to an economic recovery.

Facebook oversight board upholds Trump ban, calls for more review

May 05 2021

Facebook's independent oversight board on Wednesday upheld the platform's ban on former US president Donald Trump but …

India G7 delegation in Covid scare as crisis deepens back home

May 05 2021

India's foreign minister was forced to abandon face-to-face G7 meetings on the pandemic in London on Wednesday because …

US economy regains more private jobs in April: survey

May 05 2021

US private firms added 742,000 jobs in April, according to a survey released Wednesday, fewer than expected but …

GM profits rise, affirms 2021 outlook despite semiconductor crunch

May 05 2021

General Motors reported higher first-quarter profits Wednesday and reaffirmed its full-year outlook despite a global …

India authorises 5G trials without Huawei, ZTE

May 05 2021

India has authorised trials of super-fast 5G wireless technology, giving access to international companies with the …

EU beefs up powers to control China investment

May 05 2021

The EU commission on Wednesday unveiled new powers to block state-backed companies making unfair inroads into Europe, as …

European stocks rebound on brightening outlook

May 05 2021

European equities rebounded Wednesday as investors focused on bright data and earnings, despite ongoing Covid fears.

Carmaker Stellantis says output hit by chip shortages

May 05 2021

A global semiconductor shortage hit production at US-European auto giant Stellantis in the first quarter but the owner …

Asia stocks struggle after Yellen spooks Wall St, eyes on US jobs

May 05 2021

Asian markets mostly fell Wednesday after Treasury Secretary Janet Yellen's suggestion that US interest rates might need …

Chinese university campus plan meets resistance in Budapest

May 05 2021

Standing on the proposed new home in Budapest of a top Chinese university, the local district mayor Krisztina Baranyi is …

Nissan to sell entire Daimler stake for $1.4 billion

May 05 2021

Nissan on Wednesday announced the sale of its entire 1.54 percent stake in German auto giant Daimler for around 1.15 …

Asian markets swing after Yellen spooks Wall St, eyes on US jobs

May 05 2021

Asian markets fluctuated Wednesday after Treasury Secretary Janet Yellen's suggestion that US interest rates might need …

Cruises eye smoother waters with vaccines, 'health bubbles'

May 05 2021

With tests, vaccinations and isolation areas, cruise ship companies are hoping for smoother sailing this travel season …

Ruling on Trump ban marks defining moment for Facebook panel

May 05 2021

Facebook's independent oversight board rules Wednesday on the platform's ban of former US president Donald Trump in a …

Facebook's Workplace tool grows as jobs go remote

May 05 2021

Facebook's Workplace business software has grown by about 40 percent in a year to reach seven million paying subscribers …

Pfizer sees Covid-19 as 'durable' revenue stream as profits rise

May 05 2021

Pfizer sharply increased its 2021 profit projections on Tuesday, citing much higher Covid-19 vaccine sales which are on …

Stocks pressured amid fears over inflation, interest rates

May 04 2021

European and US equity markets mostly fell Tuesday, with the Nasdaq slumping on valuation concerns after US Treasury …

US interest rates may have to rise if economy heats up: Yellen

May 04 2021

US interest rates may have to increase "somewhat" to keep a lid on inflation if President Joe Biden's latest spending …

Activision earnings boom on Call of Duty play

May 04 2021

Video game giant Activision Blizzard on Tuesday reported earnings boomed in the first quarter of this year as players …

Wall Street eyes return to normalcy as virus fears recede

May 04 2021

Wall Street edged further towards normalcy on Tuesday as the New York Stock Exchange (NYSE) withdrew some of its …