Business and Tech

IMF warns of 'economic collapse' unless G20 extends debt relief

AFP - 1m ago

The IMF on Thursday urged advanced economies in the G20 to extend and improve their debt relief initiative, warning that …

Brazil's economy enters recession

AFP - 8m ago

Brazil's economy, the largest in Latin America, slid into recession in the third quarter of 2021 as agricultural …

Equities unsettled on Omicron, oil drops on OPEC+

AFP - 1h ago

Fears about Omicron drove equities trading on Thursday, while oil prices fell as OPEC+ decided to keep on increasing …

Oil producers to increase output in January despite Omicron jitters

AFP - 1h ago

Major oil producers decided Thursday to raise output levels in January, despite the Omicron coronavirus variant raising …

Oil producers mull output as Omicron rattles markets

AFP - 1h ago

Major oil producers began meeting Thursday to decide on output levels from January, with a freeze possible as the …

Twitter shuts propaganda accounts in six countries

AFP - 2h ago

Twitter on Thursday said it had shut down nearly 3,500 accounts that were posting pro-government propaganda in six …

Germany eyes crackdown on unjabbed as US eyes winter battle

AFP - 3h ago

Leaders in Germany were poised to approve a de-facto lockdown for the unvaccinated Thursday with the United States set …

European equities drop as Omicron reaches United States

AFP - 3h ago

European stock markets slid Thursday with sentiment hit by the first Omicron case in the United States, but oil rallied …

Hong Kong launches China-style tracking app for mainland travel

AFP - 6h ago

Hong Kongers travelling to China will need to download a tracking app similar to those used on the mainland, local …

Biden opens winter battle against Covid-19

AFP - 6h ago

President Joe Biden will announce Thursday a winter campaign against Covid-19, with new testing requirements for …

Morocco border closure spells doom for tourism sector

AFP - 6h ago

Moroccan tourism operators are facing potential ruin after the country abruptly shut its borders over the Omicron …

Hong Kong quarantine pushes Cathay pilots to 'breaking point'

AFP - 7h ago

Cathay Pacific has been hit by a wave of pilot resignations in recent weeks as resentment over Hong Kong's strict …

Asian stocks mixed with traders sensitive to Omicron headlines

AFP - 2h ago

Asian markets were mixed Thursday and oil edged up with traders trying to claw back Omicron-induced losses but still …

Tweed weaves a way from Scottish islands to catwalk

AFP - 8h ago

In the cluttered workshop of his home off the coast of northwest Scotland, Ian Mackay patiently weaves a bright green …

WHO warns of 'toxic mix' as EU chief mulls mandatory Covid jabs

AFP - 5h ago

The WHO has issued stern warnings on the dangers of vaccination apathy and the European Union put mandatory jabs on the …

Shuttered Hong Kong democracy paper wins press freedom award

AFP - 9h ago

Jailed Hong Kong media tycoon Jimmy Lai and the staff of his now-shuttered Apple Daily newspaper have been awarded a …

Vietnam's spectacular terraced ricefields wait for tourists

AFP - 9h ago

As the morning sun finds its way through the mist over Vietnam's terraced rice fields, local farmers lead buffalo into …

Japan eases blanket ban on new incoming flight bookings

AFP - 12h ago

Japan has softened its suspension of all new incoming flight bookings to make it easier for citizens to return, the …

Top oil producers may freeze output amid Omicron concerns

AFP - 8h ago

Major oil producers are due to meet Thursday to decide on output levels from January onwards, which could be frozen as …

Payments firm Square gets new corporate name: Block

AFP - 3m ago

Digital payments firm Square, which was co-founded and is still led by former Twitter chief Jack Dorsey, on Wednesday …

Stanford engineers build bird bots that can perch and grab objects

AFP - 15h ago

Inspired by how birds land and perch on branches, a team of engineers at Stanford University has built robotic graspers …

United States is world's biggest plastic polluter, report finds

AFP - 15h ago

The United States is by far the biggest contributor to global plastic waste in the world, according to a new report …

Tinder owner to pay founders $441 mn to settle valuation lawsuit

AFP - 15h ago

The company that owns Tinder will pay $441 million to the popular dating app's founders to settle a dispute over the …

Facebook hits anti-vaccine campaign harassing doctors

Dec 01 2021

Facebook's parent company Meta said Wednesday it had derailed an anti-vaccine campaign that harassed medical workers, …

Wall Street dives as Omicron arrives in US

Dec 01 2021

Major US stock indices closed lower for the second straight day Wednesday after the first case of the Omicron variant of …

Facebook whistleblower warns US lawmakers of regulation deadlock

Dec 01 2021

Facebook whistleblower Frances Haugen urged a US Congress panel Wednesday not to get mired in drawn out debate amid a …

Supply snags hurting US growth, but may be easing, Fed says

Dec 01 2021

The US economy continues to struggle with supply issues that have pushed prices higher in recent weeks, but there are …

US judge dismisses ad discrimination suit against McDonald's

Dec 01 2021

A federal judge dismissed a discrimination lawsuit that accused McDonald's of refusing to advertise on Black-owned media …

Armani gives up angora wool as part of fur-free policy

Dec 01 2021

Italian fashion house Armani announced Wednesday it would no longer use angora wool, a product made from rabbit hair, as …

Global markets recover from Omicron turmoil

Dec 01 2021

Global stock markets rebounded Wednesday and oil prices surged following Omicron-driven losses on the eve of a key …

ExxonMobil aims to double profits on restrained spending

Dec 01 2021

ExxonMobil released a plan Wednesday that aims to double oil company's profits by 2027 as it expands lower-emissions …

Guernsey issues 40 EU fishing licences amid France row

Dec 01 2021

Guernsey on Wednesday issued fishing licences to 40 European Union boats, in the latest move over post-Brexit access …

ExxonMobil aims to double profits n restrained spending

Dec 01 2021

ExxonMobil released a plan Wednesday that aims to double oil company's profits by 2027 as it expands lower-emissions …

EU chief mulls mandatory Covid jabs as Omicron fears deepen

Dec 01 2021

Europe's top official said Wednesday it was time to "think about mandatory vaccination" as the fast-spreading Omicron …

Renewables accelerating, but must go faster to meet net zero: IEA

Dec 01 2021

Global growth in renewable electricity production is set to accelerate but needs to speed up even more to meet targets …

Without women and aid, Afghan economy will collapse, UN warns

Dec 01 2021

When Maryam went shopping in Kabul this week after several weeks cooped up at home, the Afghan mother was shocked to …

OECD warns Omicron threatens world economy

Dec 01 2021

The OECD warned Wednesday that the Omicron coronavirus variant threatens the global economic recovery as it lowered the …

China denies report it is looking to close foreign IPO loophole

Dec 01 2021

Beijing on Wednesday denied a report that it was looking to plug a loophole used by Chinese tech companies to go public …

Global markets rebound after Omicron turmoil

Dec 01 2021

Global stock markets rebounded Wednesday and oil prices surged following Omicron-driven losses and on the eve of a key …

Erdogan defends 'risky but correct' economic policy

Dec 01 2021

Turkish President Recep Tayyip Erdogan defended Wednesday his "risky but correct" economic policy of low interest rates …

Google to halt election ads ahead of 2022 Philippines vote

Dec 01 2021

Google will stop carrying election ads in the Philippines ahead of the May 2022 presidential vote, the internet giant …

OECD cuts world growth forecast, warns of Omicron threat

Dec 01 2021

The OECD warned Wednesday that the Omicron coronavirus variant threatens the global economic recovery as it lowered the …

OECD lowers world GDP forecast, says vaccination key

Dec 01 2021

The OECD lowered the world's economic growth outlook for 2021 on Wednesday and called for a swifter rollout of Covid …

Asian markets rise, oil rallies as virus and Fed hold attention

Dec 01 2021

Asian markets mostly rose Wednesday while oil prices bounced as traders assessed the global economic outlook after top …

Japan stops flight bookings despite WHO Omicron travel ban warning

Dec 01 2021

Japan suspended all new flight bookings into the country from Wednesday in response to Omicron, ignoring a World Health …

WHO warns against Omicron travel bans as nations shut borders

Dec 01 2021

The World Health Organization has warned blanket travel bans will not prevent the spread of Omicron, as more countries …

Lira crisis gives Turkish opposition chance to challenge Erdogan

Dec 01 2021

Turkey's currency crisis has cut into the popularity of President Recep Tayyip Erdogan, handing the opposition a golden …

New Twitch tool helps battle ban evaders

Dec 01 2021

Gaming platform Twitch on Tuesday introduced a tool that detects and blocks users who evade bans, a longstanding problem …

Joy as Fiji reopens borders to international tourists

Dec 01 2021

Traditional dancers in grass skirts welcomed waving holidaymakers as Fiji opened its borders to international travellers …

Asian markets mostly up, oil rallies as virus and Fed hold attention

Dec 01 2021

Asian markets mostly rose Wednesday while oil prices bounced as traders assess the outlook for the global economy after …

Global economy rebounds, but for how long?

Dec 01 2021

The world economy woke up from its pandemic-induced coma in 2021, but soaring inflation, global supply chain bottlenecks …

Tech 2022 trends: Meatless meat, Web 3.0, Big Tech battles

Dec 01 2021

After a year that made the terms WFH (work from home) and metaverse instantly recognizable for many people, there are a …

Twitter bans sharing of photos without consent

Dec 01 2021

Twitter launched new rules Tuesday blocking users from sharing private images of other people without their consent, in …

Tel Aviv ranked world's priciest city for first time

Dec 01 2021

Tel Aviv is the world's most expensive city to live in as soaring inflation has pushed up living costs globally, …

Theranos founder tells US trial of bid to stop damning reporting

Dec 01 2021

Fallen biotech star Elizabeth Holmes told her US fraud trial Tuesday she appealed to Wall Street Journal owner Rupert …

Fed chair admits US inflation could prove 'persistent'

Nov 30 2021

The wave of price increases that has complicated the US pandemic recovery could last longer than anticipated, Federal …

Global markets down, oil slumps on Omicron vaccine warning

Nov 30 2021

World stocks and oil prices slid Tuesday after Moderna warned current vaccines might be less effective at fending off …

India reports 8.4% quarterly growth on pandemic recovery

Nov 30 2021

India's economy has recovered to its pre-pandemic size, official data showed Tuesday, boosted by a broad-based recovery …

More holiday shopping in stores this year: US retail group

Nov 30 2021

More US consumers shopped in stores over the Thanksgiving holiday weekend compared with last year and fewer bought …

Lead 'em then leave 'em: tech founders who quit

Nov 30 2021

Former Twitter CEO Jack Dorsey joins a long list of tech gurus who've quit the companies they founded. But what makes …

Inflation hits US consumer confidence in November

Nov 30 2021

Price increases and rising Covid-19 infections made US consumers feel slightly less confident in November, an industry …

Global markets slammed by Moderna's Omicron vaccine warning

Nov 30 2021

World stocks slid Tuesday after Moderna warned current vaccines might be less effective at fending off the Omicron …

OPEC+ to meet as Omicron sparks price turmoil

Nov 30 2021

OPEC and the oil cartel's allies hold a key output meeting on Thursday facing new challenges as the Omicron coronavirus …

EasyJet warns 'too soon' to know Omicron impact

Nov 30 2021

British airline EasyJet warned Tuesday it was "too soon" to assess the impact of the Omicron Covid variant on the …

UK regulator orders Facebook to sell Giphy

Nov 30 2021

A British regulator on Tuesday ordered Facebook to sell Giphy, assessing that its acquisition of the animated graphics …

Marta Ortega, Zara founder's daughter, to chair parent company

Nov 30 2021

The parent company of Zara said Tuesday that Marta Ortega, the daughter of the Spanish clothing giant's founder, will …

Eurozone inflation soars to highest rate on record

Nov 30 2021

Soaring energy prices took eurozone inflation to its highest rate on record in November, official data showed Tuesday, …

Shares in Macau's Suncity collapse after boss detained

Nov 30 2021

Shares in Macau's largest junket operator Suncity plummeted more than 48 percent on Tuesday after boss Alvin Chau was …

Markets hit by Moderna vaccine warning over Omicron

Nov 30 2021

Equities and oil sank again Tuesday after the head of Moderna warned current coronavirus vaccines might be less …

Theranos founder claims abuse by controlling boyfriend

Nov 30 2021

Fallen biotech star Elizabeth Holmes fought back tears while testifying at her fraud trial Monday as she recounted …

Uber Eats to quit Hong Kong after five years

Nov 30 2021

Online food delivery platform Uber Eats announced on Tuesday it will quit Hong Kong at the end of 2021, ending five …

Asian markets hit by Moderna vaccine warning over Omicron

Nov 30 2021

Asian equity and oil traders were sent running Tuesday after the head of Moderna warned current coronavirus vaccines …

OPEC+ meets under pressure from Biden and Omicron

Nov 30 2021

OPEC+ oil producers meet Thursday under pressure from US President Joe Biden, who has opened up his country's taps …

Asian markets mostly up as traders edge back after rout

Nov 30 2021

Asian investors began edging back into the market on Tuesday after a two-day sell-off fuelled by fears about the impact …

Fiji proceeds with border reopening despite Omicron

Nov 30 2021

Fiji will press on with plans to reopen its border to international travellers on Wednesday, despite the threat from the …

Omicron variant raises new fears for pandemic-hit world economy

Nov 30 2021

Just as it was recovering from the body blow of the Covid-19 pandemic, the global economy has taken yet another hit from …

China factory activity edges up in November as power shortage eases

Nov 30 2021

Manufacturing activity in China edged up in November on the back of an easing in power shortages and a drop in some raw …

Pfizer already working on Covid vaccine targeting Omicron: CEO

Nov 30 2021

Pfizer has already started working on a version of its Covid-19 vaccine specifically targeting the new Omicron variant …

Twitter co-founder Jack Dorsey quits company

Nov 30 2021

Twitter co-founder and CEO Jack Dorsey announced Monday he was leaving the company, after steering the social network …

Hollywood heirlooms under the hammer in blockbuster auction

Nov 30 2021

A cross-section of entertainment history goes under the hammer this week, with an auction of costumes and props from …

US authorities order new vote in Amazon union bid

Nov 30 2021

US labor authorities on Monday ordered a new vote on whether Amazon warehouse workers in Alabama can form a union, …

Parag Agrawal: New CEO sheds low profile to take Twitter helm

Nov 29 2021

Parag Agrawal, who took over Monday as the new head of Twitter, shot from relative obscurity as the platform's …

Fed's Powell warns Omicron poses risks to US economy

Nov 29 2021

The Omicron variant of Covid-19 could slow the recovery of the US economy and labor market and also heighten uncertainty …

Stocks, oil bounce back from Omicron rout

Nov 29 2021

US and European stocks as well as oil prices rebounded on Monday from last week's slump that was sparked by fears over a …

Jack Dorsey steps down as Twitter CEO

Nov 29 2021

Twitter co-founder Jack Dorsey resigned Monday as the social media network's CEO, after surviving an activist investor's …

Jack Dorsey, Twitter co-founder who cut off Trump's megaphone

Nov 29 2021

Jack Dorsey, who stepped down as CEO of the social media giant Twitter Monday, is perhaps best known as the man who …

German inflation hits 29-year high but ECB urges patience

Nov 29 2021

German consumer prices hit a 29-year high in November, preliminary data showed Monday, but European Central Bank chief …

Stocks, oil prices rebound from Omicron rout

Nov 29 2021

US and European stocks as well as oil prices rebounded Monday from a pre-weekend slump that was sparked by fears over a …

German inflation hits 29-year high in November

Nov 29 2021

German consumer prices hit a 29-year high in November, preliminary data showed Monday, as soaring energy costs and …

Final Virgil Abloh show in Miami following shock death

Nov 29 2021

Louis Vuitton will present the final collection by designer Virgil Abloh in Miami on Tuesday, following his death from …

European stocks, oil prices rebound from Omicron rout

Nov 29 2021

European stocks and oil prices rebounded Monday from a pre-weekend slump that was sparked by fears over a new variant of …

Nissan touts 'pioneer' status with new electric vehicle targets

Nov 29 2021

Nissan on Monday unveiled plans for electric and hybrid vehicles to make up half its global sales by 2030, with a top …

Macau casino stocks tumble after junket boss arrest

Nov 29 2021

Shares in Macau casino operators plunged Monday after police said the head of the gambling enclave's largest junket …

Asian markets fall again but Europe, crude rebound from virus rout

Nov 29 2021

Asian markets fell again Monday after last week's painful rout fuelled by news of the Omicron virus strain but European …

'Simpsons' Tiananmen episode missing from Disney+ in Hong Kong

Nov 29 2021

An episode of "The Simpsons" in which the cartoon American family visit Tiananmen Square is missing from the Disney+ …

Asian markets extended losses but oil bounces after Omicron rout

Nov 29 2021

Asian markets fell again Monday but oil rebounded strongly as investors try to assess the threat of the new Omicron …

'Simpsons' Tiananmen episode missing from Hong Kong Disney+

Nov 29 2021

An episode of 'The Simpsons' in which the cartoon American family visit Tiananmen Square has been removed from Disney's …

China's Twitter-like Weibo plans $547 mn Hong Kong listing

Nov 29 2021

US-listed Chinese microblogging platform Weibo is seeking to raise up to $547 million in a share offer in Hong Kong, …

G7 ministers meet as new Covid strain spreads around the globe

Nov 29 2021

G7 health ministers were to hold an emergency meeting Monday on the new Omicron Covid-19 strain spreading the globe and …

Nissan plans 50% electric vehicle sales by 2030

Nov 29 2021

Automaker Nissan wants half its global sales to be electric or hybrid vehicles by 2030 and plans to plough billions of …

Cooks, nurses and mall Santas in short supply in Canada

Nov 29 2021

The signs of an unprecedented labor shortage in Canada are glaring: hospital emergency rooms closed because of a lack of …

Pandemic to cost global tourism $2.0 trillion in 2021: UN

Nov 29 2021

The coronavirus pandemic will cost the global tourism sector $2.0 trillion in lost revenue in 2021, the UN's tourism …