Business and Economy



Stocks push higher ahead of expected US rate cut

AFP - 9m ago

Stock markets mostly rose Monday as traders geared up for an expected interest rate cut by the US Federal Reserve this …

Lab-grown diamonds robbing southern Africa of riches

AFP - 56m ago

Botswana and southern African peers that built much of their prosperity on diamonds are scrambling for alternatives as …

US Senate poised to advance Trump aide's appointment at Fed

AFP - 1h ago

The US Senate is due to vote late Monday on the confirmation of President Donald Trump's choice to join the Federal …

US, China reach 'framework' deal on TikTok ownership

AFP - 1h ago

The United States and China announced a "framework" deal on Monday to resolve their dispute over TikTok that calls for …

US says 'framework' deal with China on TikTok ownership

AFP - 2h ago

The United States announced Monday a "framework" deal with China to resolve their dispute over TikTok that calls for the …

US announces 'framework' TikTok deal with China

AFP - 1h ago

The United States announced Monday a "framework" deal with China to resolve their dispute over TikTok, as a deadline …

Stocks diverge ahead of expected US rate cut

AFP - 3h ago

Stock markets were mixed on Monday as traders geared up for an expected interest rate cut by the US Federal Reserve this …

WTO fishing deal: the net results

AFP - 10h ago

The World Trade Organization's agreement on fisheries subsidies -- its first environmentally focused accord -- entered …

US 'very close' to TikTok deal with China: US Treasury chief 

AFP - 3h ago

The United States is "very close" to a deal with China to settle their dispute over TikTok, US Treasury Secretary Scott …

US-China trade talks resume in Madrid

AFP - 23m ago

China and the United States resumed trade talks on Monday in Madrid, seeking to narrow differences on trade and …

German defence giant Rheinmetall to take over warship maker

AFP - 11h ago

Germany's Rheinmetall has struck a deal to take over a warship builder, both companies said, the defence giant's latest …

Markets mixed ahead of expected US rate cut

AFP - 2h ago

Stock markets were mixed on Monday as traders geared up for an expected interest rate cut by the Federal Reserve this …

Most Asian markets drop ahead of expected US rate cut

AFP - 53m ago

Asian markets struggled on Monday as traders geared up for an expected interest rate cut by the Federal Reserve this …

Chinese factory, consumer activity slow amid economy struggles

AFP - 14h ago

China's economy showed further signs of weakness last month, with key data Monday revealing factory output and …

Asian markets fluctuate ahead of expected US rate cut

AFP - 4h ago

Asian markets were mixed Monday as traders geared up for an expected interest rate cut by the Federal Reserve this week.

Australia's ANZ bank hit with record fine over 'widespread misconduct'

AFP - 20h ago

Australia's ANZ, one of the country's "big four" banks, has agreed to pay a record fine of Aus$240 million ($159.5 …

Trump concerned S. Korean arrests could 'frighten' investors

Sep 14 2025

President Donald Trump on Sunday said foreign workers sent to the United States are "welcome" and he doesn't want to …

New round of US-China trade talks kicks off in Madrid

Sep 14 2025

China and the United States kicked off the latest round of trade talks on Sunday in Madrid, where they are set to thrash …

US Fed poised for first rate cut of 2025 as political tension mounts

Sep 14 2025

The US Federal Reserve is widely expected to make its first interest rate cut of the year at its policy meeting this …

France's new PM courts the left a day after ratings downgrade

Sep 13 2025

France's new Prime Minister Sebastien Lecornu held out an olive branch to the left on Saturday, ruling out his …

Fitch downgrades France's credit rating in new debt blow

Sep 13 2025

French politicians on Saturday sounded the alarm after the Fitch agency downgraded the country's credit rating, with …

Fitch downgrades France's credit rating in new debt battle blow

Sep 12 2025

The Fitch agency downgraded France's credit rating on Friday, as President Emmanuel Macron struggles with political …

Stocks hang onto gains as rate cuts in focus

Sep 12 2025

Global stocks on Friday mostly held onto gains made earlier this week on expectations of a cut to US interest rates.

US moves to scrap emissions reporting by polluters

Sep 12 2025

The United States moved on Friday to dismantle a "burdensome" federal program that tracks greenhouse gas emissions …

US to stop collecting emissions data from polluters

Sep 12 2025

The United States moved on Friday to dismantle a "burdensome" federal program that tracks greenhouse gas emissions …

Boeing defense workers reject deal to end strike

Sep 12 2025

Boeing workers at its St. Louis area defense factories will stay on strike after union members voted Friday to reject a …

Armani will lays path to potential buyout by rival

Sep 12 2025

Fashion legend Giorgio Armani asked in his will made public Friday for a major luxury group to take a stake in his …

Norway sovereign wealth fund drops French miner over environmental fears

Sep 12 2025

Norway's sovereign wealth fund said Friday it was excluding French mining company Eramet from its portfolio, citing …

EU to fast-track review of 2035 combustion-engine ban

Sep 12 2025

The EU pledged Friday to fast-track a review of its plans to end combustion-engine vehicle sales by 2035, after pressure …

Russia cuts interest rate as economy slows

Sep 12 2025

Russia's central bank on Friday cut its key interest rate, but warned inflation was still too high, amid growing fears …

Stocks, dollar diverge with focus on rates

Sep 12 2025

Global stocks on Friday mostly held onto gains made earlier this week on expectations of a cut to US interest rates.

France risks credit downgrade as new PM tackles budget

Sep 12 2025

France on Friday risks a downgrade on its ability to pay back debts, economists said, a move that would further …

Armani's will lays path to potential buyout by rival

Sep 12 2025

Fashion legend Giorgio Armani asked in his will made public Friday for a major luxury group to take a stake in his …

Carmakers to push EU for 2035 combustion-engine ban rethink

Sep 12 2025

Europe's biggest carmakers held talks with EU chief Ursula von der Leyen on Friday as the industry pressures the bloc to …

Russian central bank cuts interest rate as economy slows

Sep 12 2025

Russia's central bank on Friday cut its key interest rate, but warned inflation was still too high, amid growing …

Microsoft avoids EU antitrust fine with Teams commitments

Sep 12 2025

The EU said Friday it had accepted Microsoft's commitment to more clearly separate the Teams communications app from its …

S. Koreans greeted with applause at home after US detention

Sep 12 2025

Hundreds of South Korean workers were greeted by applause and tearful relatives Friday when they returned home after …

Indonesia seizes part of nickel site over forest violations

Sep 12 2025

Indonesian authorities have seized a small section of the world's largest nickel mine for encroaching on forest areas …

Board of Spain's Sabadell bank rejects BBVA takeover bid

Sep 12 2025

Spanish bank Sabadell on Friday said its board had rejected larger national rival BBVA's hostile takeover bid and urged …

UK economy stalls in July in fresh government setback

Sep 12 2025

Britain's economy stagnated in July, official data showed Friday, dealing another blow to the Labour government after a …

Stocks rally into weekend with US rate cut 'seemingly locked in'

Sep 12 2025

Most markets extended gains Friday, tracking record highs across Wall Street, after US inflation and jobs data all but …

S. Korean workers arrive home after US detention

Sep 12 2025

A specially chartered flight carrying hundreds of South Korean workers detained in a US immigration raid last week …

UK economy stalls in July

Sep 12 2025

Britain's economy stagnated in July, official data showed Friday, dealing another blow to the Labour government at the …

US tariffs deal stokes 'monster' pick-up fears in Europe

Sep 12 2025

Considered powerful, heavy-duty vehicles by their fans and dangerous gas-guzzling "monsters" by detractors -- could …

Ukraine's energy strikes hit Russians at the pump

Sep 12 2025

Watching the price tick higher as he filled up his car, Russian pensioner Oleg railed against the recent surge in petrol …

Asian stocks surge into weekend with US rate cut 'seemingly locked in'

Sep 12 2025

Asian markets surged again Friday, tracking record highs across Wall Street, after US inflation and jobs data all but …

S. Korea workers head home after US immigration raid

Sep 12 2025

Hundreds of South Korean workers were headed back to Seoul on Friday after their detention in a US immigration raid that …

Global stocks rise as US inflation data hits forecast

Sep 11 2025

Global stock markets rose on Thursday as US inflation data came in as anticipated, reinforcing the prospect of a Federal …

Global stocks rise as no surprise on US inflation data

Sep 11 2025

Global stock markets rose on Thursday as US inflation data that came in as expected reinforced the prospect of a Federal …

US consumer inflation heats up but unlikely to deter rate cut

Sep 11 2025

US consumer inflation rose last month to its highest level since January, government data showed Thursday, although …

ECB seeks to ease jitters over France crisis

Sep 11 2025

European Central Bank chief Christine Lagarde said Thursday she was "confident" officials would seek to reduce …

ECB holds rates as France crisis looms over meeting

Sep 11 2025

The European Central Bank held interest rates steady again Thursday with inflation under control and trade tensions …

Robot dogs, flying cars: five takeaways from the Munich auto show

Sep 11 2025

From "flying cars" to robots and self-driving buses, here are some of the innovations spotted at this week's Munich auto …

Stocks up before US inflation, ECB rate call

Sep 11 2025

European and Asian stock markets rose Thursday as traders awaited more US inflation data and the European Central Bank's …

'Why not?' Europeans warming up to Chinese electric cars

Sep 11 2025

Checking out an electric vehicle made by China's BYD at the Munich auto show, German designer Tayo Osobu was impressed …

Mexico, under US pressure, mulls 50% tariff on Chinese cars

Sep 11 2025

Mexico, under pressure not to serve as a back door for Chinese goods entering the United States, has proposed a 50 …

Most markets rise as US producer price data stokes rate cut bets

Sep 11 2025

Asian and European equities mostly rose Thursday as investors built on this week's rally after US data ramped up …

China-US talks mark a 'small step' towards Xi meeting Trump

Sep 11 2025

Back-to-back talks between the United States and China's top diplomats and defence chiefs could mark "a small step" …

France political crisis looms over ECB meeting

Sep 11 2025

France's political crisis will likely take centre stage at a European Central Bank meeting Thursday, with turmoil in the …

Markets mostly up as US producer price data stokes rate cut bets

Sep 11 2025

Asian equities mostly rose Thursday as investors built on this week's rally after US data ramped up expectations for a …

Musk's title of richest person challenged by Oracle's Ellison

Sep 11 2025

Billionaire Elon Musk is at risk of losing his title as the world's wealthiest person to Oracle co-founder Larry …

Under US pressure, Mexico mulling 50% tariff on Chinese cars

Sep 10 2025

Mexico, under pressure not to serve as a back door for Chinese goods entering the United States, has proposed a …

S&P 500 ends at record as markets await key US consumer price data

Sep 10 2025

The S&P 500 rose to a fresh record Wednesday behind a surge in Oracle shares as markets looked ahead to key consumer …

Union to vote on deal to end strike at Boeing defense branch

Sep 10 2025

Labor leaders reached a tentative agreement with Boeing that could resolve a strike in the aviation giant's defense …

US pharma giant Merck ditches plan for $1.4-bn research centre in UK

Sep 10 2025

Merck, the US pharmaceutical group, said on Wednesday it has dropped plans to build a $1.4-billion research centre in …

US Senate panel advances nomination of Trump's Fed governor pick

Sep 10 2025

A US Senate committee on Wednesday advanced the nomination of President Donald Trump's choice to join the Federal …

Italy to remain top wine producer in world: 2025 estimates

Sep 10 2025

Italy is expected to enjoy a good 2025 harvest and clinch the world's leading producer label once again, according to …

Stock markets strike records despite geopolitical unrest

Sep 10 2025

Global stock markets struck fresh record highs on Tuesday as expectations of more cuts to US interest rates offset …

Software company Oracle shares surge more than 35% on huge AI deals

Sep 10 2025

Oracle shares surged more than 35 percent in early trading Wednesday after the software giant projected massive revenue …

US producer inflation unexpectedly falls in first drop since April

Sep 10 2025

US producer prices unexpectedly fell in August, government data showed Wednesday, driven in part by a pullback in energy …

Zara owner Inditex shares soar as sales growth revives

Sep 10 2025

Shares in Zara owner Inditex, the world's largest fashion retailer, soared on Wednesday as a positive start to the …

Stock markets rise amid geopolitical unrest

Sep 10 2025

Global stock markets rose Wednesday, with some Asian indices reaching record heights, as expectations of more cuts to US …

Von der Leyen urges EU to fight for place in 'hostile' world

Sep 10 2025

EU chief Ursula von der Leyen on Wednesday urged Europe to assert its independence in a "hostile" world, as she …

Ozempic maker Novo Nordisk to cut 9,000 global jobs

Sep 10 2025

Danish pharmaceutical giant Novo Nordisk announced Wednesday it would cut 11 percent of its workforce, as the maker of …

Asian markets enjoy record day as new US jobs data fans rate cut hopes

Sep 10 2025

Asian markets extended gains on Wednesday, with Tokyo and Seoul emulating a record day on Wall Street as fresh data …

Top EU court upholds nuclear green label

Sep 10 2025

The EU's top court on Wednesday upheld the European Commission's decision to give a sustainable finance label to …

South Korea sends plane to fetch detained workers from US

Sep 10 2025

A chartered plane departed Seoul for the United States Wednesday to repatriate hundreds of South Korean workers detained …

EU chief to defend Trump trade deal in parliament

Sep 10 2025

EU chief Ursula von der Leyen will seek to defend her trade deal with Donald Trump in an address to the bloc's lawmakers …

Top Japan start-up Sakana AI touts nature-inspired tech

Sep 10 2025

When David Ha started an AI company in Japan with his former Google colleague, they had a choice: create another huge, …

Asian markets rally as new US jobs data fans rate cut hopes

Sep 10 2025

Asian markets extended gains on Wednesday following a record day across Wall Street as fresh data pointing to a …

US Supreme Court to hear Trump tariff case in November

Sep 09 2025

The US Supreme Court on Tuesday agreed to hear arguments in November on the legality of President Donald Trump's …

Former Meta researchers testify company buried child safety studies

Sep 09 2025

Meta systematically suppressed internal research highlighting serious child safety risks on its virtual reality …

US stocks close at fresh records, digesting weak jobs data

Sep 09 2025

US stock indices rocketed to fresh records as markets digested disappointing US jobs data, while political upheaval in …

Stocks climb eyeing US rate cut, political turbulence

Sep 09 2025

Stock markets mostly rose while gold reached new highs on Tuesday, with expectations of US rate cuts to bolster the …

Merz ramps up pressure on EU over electric car shift

Sep 09 2025

German Chancellor Friedrich Merz called Tuesday for "more flexibility" from the EU in the transition to electric cars as …

Stocks climb as US rate cut hopes counter political shakeups

Sep 09 2025

Stock markets mostly rose while gold hit a record high on Tuesday, with expectations of US rate cuts to bolster the …

Ethiopia inaugurates Africa's biggest dam, drawing Egyptian protest

Sep 09 2025

Ethiopia inaugurated the continent's largest hydroelectric project on Tuesday in what Prime Minister Abiy Ahmed called a …

Hundreds of pro-Palestinian demonstrators rally outside London arms show

Sep 09 2025

Pro-Palestinian protesters gathered Tuesday outside a major arms fair in London as it opened without the presence of …

Miners Anglo American, Teck to forge copper giant

Sep 09 2025

British mining group Anglo American and Canadian peer Teck Resources announced Tuesday plans for a multi-billion-dollar …

Mistral cements AI lead in Europe with cash infusion

Sep 09 2025

France's Mistral on Tuesday cemented its position as Europe's top AI hope against far larger US and Chinese competitors …

EU clamps down on food waste, fast fashion

Sep 09 2025

EU lawmakers gave a final green light Tuesday to a law on slashing back the mountains of food wasted in Europe each …

Stocks climb eyeing US rate cuts, political changes

Sep 09 2025

Stock markets mostly rose and gold hit a record high Tuesday as traders balanced expectations of cuts to US interest …

Ethiopia inaugurates Africa's biggest dam

Sep 09 2025

Ethiopia inaugurated the continent's largest hydroelectric project on Tuesday, with Prime Minister Abiy Ahmed calling it …

Miners Anglo American, Teck plan new copper giant

Sep 09 2025

British mining group Anglo American and Canadian peer Teck Resources on Tuesday announced plans for a …

Markets mainly rise on US rate cut hopes

Sep 09 2025

Asian and European markets mostly rose Tuesday fuelled by optimism the Federal Reserve will slash interest rates this …

AI and iPhones likely stars of Apple event

Sep 09 2025

Apple is set to unveil its iPhone 17 lineup on Tuesday, with enhanced artificial intelligence features expected to take …

Merz to open Munich motor show as engine row threatens to combust

Sep 09 2025

German Chancellor Friedrich Merz will open the IAA motor show in Munich on Tuesday as debate rages over the EU's target …

Google to obey South Korean order to blur satellite images on maps

Sep 09 2025

Google said on Tuesday that it would comply with the South Korean government's demand to blur sensitive satellite images …

London arms show opens under Israel cloud

Sep 09 2025

A major arms fair opens Tuesday in London without the presence of Israeli government officials due to worsening …

Most Asian markets rise on US rate hopes, Tokyo hits record

Sep 09 2025

Asian markets mostly rose Tuesday fuelled by optimism the Federal Reserve will slash interest rates this year, with …

Murdoch family settles dispute over media empire succession

Sep 09 2025

Rupert Murdoch's children have reached a settlement in their long-running legal dispute over control of the right-wing …

Ex-WhatsApp executive sues Meta over alleged security failures

Sep 09 2025

A former top security executive at WhatsApp filed a federal lawsuit Monday alleging that parent company Meta …