Business and Economy



Reddit co-founder joins 'People's Bid' to buy TikTok

AFP - 9m ago

Reddit co-founder Alexis Ohanian announced Monday that he is joining a US bid to buy TikTok, becoming a strategic …

Clock ticking down to Trump tariffs on Canada, Mexico, China

AFP - 55m ago

Time is running short for Canada, Mexico and China to avert sweeping tariffs announced by US President Donald Trump, …

AI, trade tensions mark Barcelona mobile industry meet

AFP - 2h ago

The world's largest wireless technology showcase kicked off on Monday, with excitement over AI's potential to transform …

EU proposes emission rule delay to spare carmakers from fines

AFP - 2h ago

EU chief Ursula von der Leyen offered Monday to give struggling European carmakers "breathing space" by allowing them …

Dozen Teslas torched outside French dealership: authorities

AFP - 2h ago

A dozen Teslas were torched in France in what authorities are treating as an arson attack, the prosecutor's office said …

European defence stocks soar as govts ramp up military spend

AFP - 3h ago

Share prices of European defence companies soared Monday as London and the European Union look to ramp up military …

Economic woes cast shadow over Iran holiday season

AFP - 3h ago

Shops and markets in central Tehran, usually teeming with customers ahead of the Persian New Year, now barely see any …

European defence stocks soar as govts up military spend

AFP - 2h ago

Share prices of European defence companies soared Monday as London and the European Union look to ramp up military …

EU chief offers carmakers more time on emission rules to avoid fines

AFP - 1h ago

EU chief Ursula von der Leyen offered Monday to give struggling European carmakers "breathing space" by allowing them …

Wearable tech has far to go before challenging smartphones

AFP - 6h ago

Wearable gadgets like smart watches and glasses are growing more capable every year, but experts say smartphones will …

Eurozone inflation eases slightly in February

AFP - 4h ago

Eurozone inflation edged down slightly in February to 2.4 percent, reversing a four-month upward trend thanks to a …

Asian markets creep up on hopes of China fiscal response to Trump tariffs

AFP - 1h ago

Asian markets rose cautiously on Monday, with investors eyeing a potential Chinese stimulus package and President Donald …

7-Eleven to replace CEO in Couche-Tard takeover battle: reports

AFP - 12h ago

7-Eleven's owner is set to replace its CEO as the Japanese convenience store giant battles a $47-billion takeover bid by …

AI, trade tensions to mark Barcelona mobile industry meet

AFP - 4h ago

Frantic optimism about artificial intelligence's potential to empower gadgets is set to clash with fears about trade …

ECB to cut rates again as debate heats up on pause

AFP - 15h ago

The European Central Bank is expected to cut interest rates again this week in a bid to boost the floundering eurozone …

Asian markets climb on hopes of China fiscal response to Trump tariffs

AFP - 3h ago

Asian markets climbed on Monday on hopes that China will announce a huge stimulus package that will help offset US …

Asian markets climb on China fiscal hopes against Trump tariffs

AFP - 56m ago

Asian markets climbed on Monday on hopes that China will announce a huge stimulus package that will help offset US …

SpaceX targeting Monday for next test of Starship megarocket

AFP - 17h ago

Elon Musk has been making headlines for mass layoffs and funding cuts at US federal agencies under his so-called …

Trump's fentanyl tariffs hold wider political aims: analysts

AFP - 18h ago

In doubling down on tariffs targeting Canada, Mexico and China, US President Donald Trump cites a lack of progress on …

Iran lawmakers sack minister over economic woes

Mar 02 2025

Iran's parliament sacked the country's finance minister on Sunday after impeaching him over soaring inflation and a …

High-stakes father-son feud rocks Singapore property giant

Mar 02 2025

A high-stakes father-and-son feud has plunged Singapore property giant City Developments Ltd (CDL) into turmoil, with …

Indonesians swindled by scams using President Prabowo deepfakes

Mar 02 2025

Wearing a traditional Indonesian black hat and shirt, President Prabowo Subianto speaks to the camera in an Instagram …

Private US spaceship hours from Moon landing attempt

Mar 02 2025

After a long journey through space, a US company is just hours away from attempting a daring lunar touchdown -- its …

China signals renewed tech sector support, but concerns linger

Mar 02 2025

A simple handshake between President Xi Jinping and once-shunned entrepreneur Jack Ma sent Chinese tech stocks booming …

Four dead as French island reels from devastating cyclone

Mar 01 2025

Residents of the Indian Ocean island of La Reunion took stock of the damage Saturday after a devastating cyclone …

Two lunar landings in a week for NASA's private Moon fleet

Mar 01 2025

More than fifty years passed between the last Apollo mission and the United States' return to the lunar surface, when …

Cyclone death toll rises to four on La Reunion

Mar 01 2025

At least four people have died in the Indian Ocean island of La Reunion during the passage of a devastating cyclone that …

Intel slows $28 bn chip factory project in Ohio

Mar 01 2025

Struggling US chip maker Intel on Friday pushed out the timeline for completing two new fabrication plants in Ohio, …

US stocks finish gloomy week on positive note

Feb 28 2025

Wall Street stocks finished a downcast week on a positive note Friday on a mixed day for global equities, while bitcoin …

Why Mexican manufacturers seem unfazed by threat of Trump tariffs

Feb 28 2025

If US President Donald Trump is to be taken at his word, Mexican imports to the United States will be hit with …

Stocks weighed down by Crypto 'meltdown', tariff uncertainty

Feb 28 2025

Bitcoin slumped below $80,000 on Friday for the first time since November, while equities diverged following President …

India and EU to finalise free trade agreement by year-end

Feb 28 2025

India will finalise a "mutually beneficial" free trade deal with the European Union by the end of this year, Prime …

Nigeria president says end in sight for economic crisis

Feb 28 2025

Nigeria is heading towards the "light at the end of the tunnel" as the country grinds through the second year of a …

Italy breaks 'taboo' with push to revive nuclear

Feb 28 2025

Italy's cabinet opened the door Friday to a return to nuclear power, aiming to overturn nearly 40 years of opposition -- …

Microsoft retires Skype, internet call pioneer

Feb 28 2025

Microsoft on Friday announced it was retiring Skype, the online voice and video call pioneer that the tech titan …

US Fed's favored inflation gauge cooled slightly in January

Feb 28 2025

The Federal Reserve's preferred inflation measure cooled slightly in January, according to government data published …

UK firms cautiously optimistic on US trade deal prospects

Feb 28 2025

Hopes of a trade deal between Britain and the United States, reignited by President Donald Trump's positive comments …

England allows wild beaver releases in 'milestone' for UK nature

Feb 28 2025

Beavers will soon be released into waterways in England under a new scheme launched on Friday, signalling a return to …

Stock markets mostly retreat as tariff uncertainty weighs

Feb 28 2025

Asian stock markets slumped and Europe mostly retreated Friday after President Donald Trump's latest volley of tariffs, …

China missed key climate target last year: official data

Feb 28 2025

China missed a key climate target in 2024 and emissions in the world's second-largest economy rose slightly as coal …

Asian markets thumped as Trump tariff salvo fans fresh fears

Feb 28 2025

Asian and European markets tumbled on Friday as US President Donald Trump's volley of tariffs sparked fresh fears about …

Off leash: China's pet industry shines in ailing economy

Feb 28 2025

Patterned poop bags, frilly dog dresses and exotic animals including minks and meerkats were on display at a bustling …

China vows response to latest US tariffs also targeting Canada, Mexico

Feb 28 2025

China on Friday vowed to take "all necessary countermeasures" after US President Donald Trump said he would impose an …

Nigerians displaced as rents double in inflation-hit Lagos

Feb 28 2025

Nigeria's economic crisis is hitting renters in Lagos hard as landlords pass down the costs of spiralling inflation -- …

Trump says China to face added 10% tariff starting in March

Feb 28 2025

US President Donald Trump said Thursday he would impose an additional 10 percent tariff on Chinese imports while moving …

Asian markets tumble as Trump tariff salvo fans fresh fears

Feb 28 2025

Asian markets tracked losses across the world Friday as US President Donald Trump's volley of tariff measures sparked …

Meta fires employees for leaks amid Zuckerberg's Trump pivot

Feb 28 2025

Meta on Thursday said it had laid off 20 workers for leaking information to the media, as the social media giant faces …

Trading halted in troubled Australian casino firm

Feb 28 2025

Trading in troubled Australian casino operator Star Entertainment was paused on Friday as the company sought to free up …

Meta plans stand-alone AI app: report

Feb 28 2025

Meta plans to add an artificial intelligence app to its stable of stand-alone offerings including Instagram, Facebook …

Apple unveils new child safety features amid age verification debate

Feb 27 2025

Apple unveiled Thursday a series of initiatives aimed at enhancing safety for children and teens using its devices, as …

What now for Venezuela with Chevron's oil permit in peril?

Feb 27 2025

US President Donald Trump's threat to strip oil giant Chevron of a license to operate in Venezuela could plunge the …

Global stocks mostly fall on Nvidia results, fresh Trump tariff talk

Feb 27 2025

Global stocks mostly fell Thursday after earnings from artificial intelligence chipmaking leader Nvidia failed to wow …

Trump says US, Britain working on 'great' trade deal

Feb 27 2025

US President Donald Trump held out the prospect of a "great" post-Brexit trade deal that could avoid tariffs on Britain …

Apple accused of greenwashing in US lawsuit

Feb 27 2025

A group of Apple Watch buyers have filed a lawsuit in Silicon Valley accusing the tech giant of exaggerating how …

Trump tariffs: What's been done and what is to come?

Feb 27 2025

From tariffs to counter "unfair trade" to duties over illegal immigration and fentanyl smuggling, President Donald Trump …

Mexican president hopes to talk with Trump to avoid tariffs

Feb 27 2025

Mexican President Claudia Sheinbaum said Thursday that she hoped to talk to her US counterpart Donald Trump as part of …

The risks of Trump tariffs encapsulated in a car key

Feb 27 2025

They unlock vehicles with just the touch of a button, but the manufacturing of electronic car keys is anything but …

Trump tariffs pose challenge for Europe's carmakers

Feb 27 2025

US tariffs on imported cars will create a major headache for European manufacturers such as Volvo, Volkswagen and …

European stock markets slide as Trump targets EU with tariffs

Feb 27 2025

European stock markets struggled Thursday after US President Donald Trump's latest tariffs salvo, this time against the …

Former African leaders launch debt relief drive for poor nations

Feb 27 2025

The high debt saddling the world's poorest countries needs an urgent reset to avoid multiple crises, African leaders …

EU will 'do the same' if US imposes tariffs hikes: French finance minister to AFP

Feb 27 2025

French Finance Minister Eric Lombard told AFP on Thursday that the European Union would "do the same" if the United …

For Tour de France foreign starts are a money-spinner

Feb 27 2025

As the Tour de France this week unveiled its fourth foreign start in five years in Barcelona, organisers could point to …

'No need to overthink': China Tesla fans unfazed by Musk politics

Feb 27 2025

Tesla founder Elon Musk's role in the Trump administration has risked isolating the firm's traditionally liberal …

EU's top team in India to bolster relations

Feb 27 2025

The EU's top team arrived in India on an "unprecedented" visit Thursday, aiming to broaden commercial and diplomatic …

Audi Brussels shuts down as Europe's auto woes deepen

Feb 27 2025

An Audi factory in Brussels billed as the "cradle" of the German carmaker's electric drive is shutting down production …

Stock markets struggle as Trump tariffs target EU

Feb 27 2025

Stock markets struggled Thursday after US President Donald Trump's latest tariffs salvo, this time against the European …

Climate crisis revives Soviet hydro plan in Central Asia

Feb 27 2025

Central Asian countries are setting rivalries aside to build a giant hydroelectric plant originally planned in Soviet …

Asian markets mixed after latest Trump tariff threat

Feb 27 2025

Asian markets fluctuated on Thursday as investors tried to assess US President Donald Trump's latest tariffs salvo, …

North Korea behind $1.5 billion crypto theft, FBI says

Feb 27 2025

The US Federal Bureau of Investigation on Wednesday accused North Korea of being behind the theft of $1.5 billion worth …

7-Eleven owner shares plunge as family buyout fails

Feb 27 2025

Shares in the Japanese owner of 7-Eleven plunged as much as 12 percent on Thursday after the convenience store giant …

Tesla owners sour on Musk's venture into US politics

Feb 27 2025

Tom Blackburn was so proud of his Tesla, he even bought one in bright red to stand out. But with company CEO Elon Musk's …

Panama AG agrees Hong Kong firm's canal concession is 'unconstitutional'

Feb 27 2025

Panama's attorney general said Wednesday that concession granted to a Hong Kong-based firm to operate ports on either …

Trump ends Chevron permit in major blow to Venezuela

Feb 26 2025

US President Donald Trump said Wednesday he was revoking permission for oil giant Chevron to operate in Venezuela, …

US Fed will 'adapt' to any policy changes, Chicago's Goolsbee says

Feb 26 2025

The US Federal Reserve will "adapt" to policy changes made by the administration of US president Donald Trump, but would …

US stocks mixed as investors weigh latest Trump tariff broadside

Feb 26 2025

Wall Street stocks were mixed at the end of a choppy session Wednesday as US President Donald Trump signaled plans for …

EU was born to 'screw' US, Trump says

Feb 26 2025

President Donald Trump said Wednesday that the European Union was born to "screw" the United States, laying bare his …

G20 leaders warn declining cooperation threat to global stability

Feb 26 2025

The erosion of multilateralism threatens global growth and stability, President Cyril Ramaphosa warned Wednesday at a …

Trump's trade envoy Jamieson Greer confirmed by lawmakers

Feb 26 2025

US lawmakers voted Wednesday to confirm lawyer Jamieson Greer as Donald Trump's trade envoy, rounding out the …

Eyeing Trump trade policy shakeup, Eli Lilly to build 4 US factories

Feb 26 2025

US pharmaceutical giant Eli Lilly announced Wednesday that it will build four additional new manufacturing sites in the …

Amazon's next-gen Alexa gets AI upgrade

Feb 26 2025

Online retail behemoth Amazon on Wednesday announced a new version of its Alexa voice assistant that is powered by …

Britons advised to cut meat, air travel to reach net zero targets

Feb 26 2025

Britons will have to pay more to fly and should forego two-steaks worth of meat a week if the country is to meet net …

G20 leaders say global stability threatened by declining cooperation

Feb 26 2025

The erosion of multilateralism threatens global growth and stability, President Cyril Ramaphosa warned Wednesday at a …

Stock markets climb with tech in focus

Feb 26 2025

Global stock markets climbed on Wednesday, helped by renewed interest in the tech sector.

Billionaire Bezos announces restrictions on Washington Post opinion coverage

Feb 26 2025

The Washington Post will no longer run views opposed to "personal liberties and free markets" on its opinion pages, its …

US new home sales miss expectations in January on cold weather

Feb 26 2025

Sales of new US homes slumped more than expected in January, government data showed Wednesday, with cold weather and …

BP ditches climate targets in pivot back to oil and gas

Feb 26 2025

British energy giant BP launched a major pivot back to its more profitable oil and gas business Wednesday, shelving its …

EU vows to slash red tape but stick to climate goals

Feb 26 2025

The EU on Wednesday proposed paring back its environmental rules to give businesses breathing room faced with US and …

Stock markets rally with tech in focus

Feb 26 2025

Global stock markets rallied Wednesday, helped by renewed positivity over the tech sector, analysts said.

Indonesia agrees deal with Apple that could end iPhone sales ban

Feb 26 2025

Indonesia has struck a deal with Apple for the tech giant to invest in the country, its industry minister and the …

Global stability threatened by backslide in cooperation: S.Africa

Feb 26 2025

The erosion of multilateralism threatens global growth and stability, President Cyril Ramaphosa warned Wednesday at a …

EU seeks to balance business needs, climate goals

Feb 26 2025

The EU on Wednesday unveiled a push to "simplify" its environmental rules to give businesses breathing room faced with …

BP to up oil and gas output, slash clean energy spend in overhaul

Feb 26 2025

BP plans to increase production of its more profitable oil and gas business and slash investment in cleaner energy, the …

Los Angeles wildfires costliest in history: Munich Re

Feb 26 2025

German reinsurance giant Munich Re said Wednesday that last month's huge wildfires in Los Angeles had been the costliest …

AB InBev posts record sales in 2024 despite beer volumes slipping

Feb 26 2025

AB InBev, the world's leading brewer whose portfolio includes Budweiser, Corona and Stella Artois, said revenue hit a …

Hong Kong to slash public spending, civil service jobs

Feb 26 2025

Hong Kong's finance chief unveiled a "belt-tightening" budget on Wednesday that aimed to end the city's string of …

Aston Martin cuts jobs as weak China demand weighs

Feb 26 2025

Aston Martin Lagonda announced Wednesday it would cut about five percent of its workforce as weak Chinese demand …

Erosion of multilateralism threatens global stability: S.Africa leader

Feb 26 2025

The erosion of multilateralism threatens global growth and stability, President Cyril Ramaphosa warned Wednesday at a …

Stellantis says 2024 profits fall 70% on N. America troubles

Feb 26 2025

The Stellantis car giant -- which includes Fiat, Chrysler, Jeep and Peugeot -- on Wednesday reported a 70 percent fall …

Indonesia agrees deal with Apple that could end iPhone sales ban: reports

Feb 26 2025

Indonesia has struck a deal with Apple for the tech giant to invest in the country, local media reported a minister as …

Tech surge helps Hong Kong lead most Asian markets higher

Feb 26 2025

Hong Kong stocks resumed their impressive start to the year on Wednesday as they rocketed more than three percent on the …

Hong Kong to slash public spending, build AI institute

Feb 26 2025

Hong Kong will cut public spending and restore fiscal balance by mid-2027 after a string of huge deficits, the city's …

Most Asian markets rebound as Hong Kong tech rally resumes

Feb 26 2025

Hong Kong stocks resumed their impressive start to the year on Wednesday as they rocketed more than three percent on the …