Business and Tech

Pound steadies as Johnson faces battle to pass Brexit bill

AFP - 7m ago

Sterling steadied around $1.29 Friday as dealers paused for breath at the end of a dizzying week and on the eve of a …

Pakistani man jailed for blasphemous Facebook post

AFP - 13m ago

A Pakistani court Friday sentenced a man to five years jail and hard labour for a blasphemous Facebook post, in what is …

Backlash grows over 'Abominable' film's disputed S. China Sea map

AFP - 49m ago

A scene in the film "Abominable" featuring a map with Beijing's disputed South China Sea claims sparked a growing …

British PM scrambles to sell Brexit deal to MPs

AFP - 1h ago

British Prime Minister Boris Johnson launched a charm offensive on Friday to sell his Brexit deal to sceptical MPs, with …

Samsung admits Galaxy S10 fingerprint access flaw

AFP - 1h ago

Tech giant Samsung Electronics on Friday acknowledged a major flaw with its fingerprint system that allows other people …

Radical Thai billionaire in court over alleged share holdings

AFP - 1h ago

The charismatic frontman of Thailand's anti-military parliamentary bloc appeared in court Friday accused of breaching …

French carmaker Renault's shares fall 12 percent

AFP - 2h ago

French carmaker Renault saw its shares tumble 12 percent on the Paris Stock Exchange Friday in a continuation of its …

Internet shutdown fuels Kashmir fake news battle

AFP - 2h ago

A communications blackout in India's powderkeg Kashmir region is fuelling a fake news war with Pakistan, as both sides …

Pound drops as Johnson faces battle to pass Brexit bill

AFP - 2h ago

Sterling fell Friday as investors fret over Boris Johnson's chances of pushing his Brexit deal through parliament, while …

Cathay woes pile up as passenger figures dip again in September

AFP - 4h ago

Cathay Pacific cut its economic outlook on Friday following a second successive drop in monthly passenger traffic after …

China's growth slows to 6% in third quarter, weakest in 27 years

AFP - 4h ago

China's economy expanded at its slowest rate in nearly three decades during the third quarter as it was hit by the …

Apple boss Cook meets Chinese regulator after HK app criticism

AFP - 5h ago

The CEO of Apple has met with the top market regulator in China, a statement said Friday, a week after the tech giant …

US imposes tariffs on EU goods, targeting Airbus, wine and whisky

AFP - 6h ago

The United States imposed tariffs on a record $7.5-billion worth of European Union goods on Friday, despite threats of …

Longest non-stop flight to take off from New York to Sydney

AFP - 7h ago

A plane and its passengers are set to test the mental and physical limits of long-haul aviation when Qantas operates the …

British PM tries to sell Brexit deal to MPs

AFP - 6h ago

British Prime Minister Boris Johnson will on Friday seek to sell his Brexit deal to sceptical MPs, as he returns home …

China's Q3 GDP growth slows to 6%, slowest in 27 years

AFP - 1h ago

China's economy expanded at its slowest rate in nearly three decades in the third quarter, hit by cooling domestic …

How Purdue's aggressive sales of a painkiller blew up in its face

AFP - 22m ago

In 2002, Andrew Kolodny, a resident in psychiatry, attended a training session on pain treatment in Philadelphia.

G7 says Libra should not launch until risks 'adequately addressed'

AFP - 3h ago

Facebook should not launch its global digital currency Libra until proper regulations are in place to handle the …

Burkina tourist hub loses Western visitors to jihadist threat

AFP - 8h ago

"They've placed us in the red zone, which means the tourists aren't coming like before. Even the aid workers don't …

Oil, diamonds and nuclear power: Russia eyes Africa business

AFP - 9h ago

While Russia has traditionally focused on arms and grain exports to Africa, it is now looking to broaden its activities …

For Russian business, big dreams in Africa

AFP - 9h ago

From diamonds and arms to nuclear power and oil, Russia has major business ambitions in Africa, even if it is coming …

US tariffs on EU would have negative political, economic impact: France's Le Maire

AFP - 1h ago

If President Donald Trump follows through on a plan to impose tariffs on European goods in the dispute over Airbus, it …

Europe endorses Brexit deal and urges UK MPs to back it

AFP - 2h ago

European Union leaders endorsed a hard-fought Brexit deal with Britain on Thursday, but Prime Minister Boris Johnson …

Lebanese govt faces calls to resign as austerity protests spread

AFP - 9h ago

The Lebanese government faced calls to resign Thursday after thousands of furious demonstrators took to the streets …

Fashion statement: Trump inaugurates new Louis Vuitton US site

AFP - 8h ago

President Donald Trump attended the opening of a new production site in Texas for the posh handbag maker Louis Vuitton …

Juul suspends US sales of some flavored e-cigarettes

AFP - 4h ago

The leading American maker of electronic cigarettes, Juul Labs, announced Thursday it is suspending sales of some …

Protests in Lebanon after move to tax calls on messaging apps

AFP - 25m ago

Hundreds of people took to the streets across Lebanon on Thursday to protest dire economic conditions after a government …

Trial set in New York on Exxon's climate statements

Oct 17 2019

Charges that Exxon Mobil misled investors on the financial risks of climate change will be heard in court this month …

UAW says GM strike to continue until workers vote on deal

Oct 17 2019

Striking workers at General Motors will not return to work until the full union membership votes on a new contract, a …

Mexican president woos US Democrats to back trade deal

Oct 17 2019

Mexico's president vowed to increase workers' wages and amply fund a labor-reform package in a letter Thursday aimed at …

China consortium wins Colombian capital metro contract

Oct 17 2019

China's APCA Transmimetro has won a $4 billion contract to build an elevated metro line in Bogota, Colombia's President …

Pound goes on rollercoaster ride after Brexit draft deal

Oct 17 2019

The British pound had a tumultuous session on Thursday as a draft Brexit deal between London and Brussels sparked both …

Saudi Aramco to delay initial public offering: source

Oct 17 2019

Saudi Aramco plans to push back its initial public offering, which had been expected to be launched next week, a person …

S.African govt apologises for rolling blackouts

Oct 17 2019

South Africa's deputy president apologised Thursday for rolling blackouts that could pose a threat to the fragile …

Displacing Canada cannabis black market will take years: Trudeau

Oct 17 2019

Canada's cannabis market -- beset by complaints of high retail prices and huge investor losses -- will take "several …

G7 countries seeking common stance on Facebook's Libra

Oct 17 2019

Facebook's controversial plans for a new digital currency will again come under scrutiny of finance officials from Group …

Zuckerberg defends Facebook's hands-off policy for politicians

Oct 17 2019

Facebook chief executive Mark Zuckerberg on Thursday defended the huge social network's policy of refraining from …

Spanish official hopes for last minute reprieve from US Airbus sanctions

Oct 17 2019

With US tariffs on a record $7.5 billion in European goods set to hit at midnight, Spain's economy minister Nadia …

Proposed GM contract lifts wages, closes 4 plants

Oct 17 2019

General Motors' proposed agreement to end a labor strike includes a wage increase and faster transition to fulltime …

UK, EU strike Brexit deal, urge MPs to back it

Oct 17 2019

European Union leaders endorsed a hard-fought Brexit deal with Britain on Thursday, but Prime Minister Boris Johnson …

IMF's Georgieva hopes 'the will holds' for a Brexit deal

Oct 17 2019

IMF chief Kristalina Georgieva welcomed news that Britain has reached a deal to leave the European Union but cautioned …

Dizzying times for the Brexit-driven pound

Oct 17 2019

Five-month highs and frequent falls versus the dollar and euro -- the British pound is at its most volatile in a year, …

IMF's Georgieva: US-China truce 'not good enough'

Oct 17 2019

The partial trade deal between the United States and China is welcome news but does not undo the trade war's negative …

Lebanon to tax calls on messaging apps

Oct 17 2019

Lebanon on Thursday announced a new tax on internet calls made through messaging applications, a move meant to boost the …

Southwest Airlines again pushes back MAX return date

Oct 17 2019

Southwest Airlines on Thursday again pushed back its target date for returning the Boeing 737 MAX to service because of …

Berlin blames trade wars and Brexit for falling growth prospects

Oct 17 2019

Germany on Thursday slashed its growth outlook for next year, saying it expects trade conflicts, Brexit and other …

Samsung to deploy software patch after Galaxy S10 fingerprint flaw found

Oct 17 2019

A flaw with Samsung's top-end Galaxy S10 fingerprint system that allows the smartphone to be opened by a third party …

US manufacturing emerges from recession in Q3: Fed

Oct 17 2019

US manufacturing recovered in the third quarter after a bruising start to the year in which President Donald Trump's …

Britain and EU strike Brexit deal but MPs cry foul

Oct 17 2019

Britain and the European Union reached a new divorce deal Thursday that could allow Brexit on October 31, but faced …

Environmentalists slam banks over Aramco IPO support

Oct 17 2019

Banks aiding a stock market float for Saudi oil giant Aramco will be "devoid of all sincerity" regarding environmental …

China says efforts 'accelerated' on US trade deal

Oct 17 2019

China said Thursday that its negotiators have "accelerated efforts" to hammer out the details of a partial deal with the …

British pound rises on Brexit draft deal

Oct 17 2019

Sterling soared Thursday to within a whisker of $1.30, striking five-month peaks after the European Union reached a …

Malaysia held talks with Goldman over 1MDB charges: report

Oct 17 2019

Malaysia held talks with Goldman Sachs about dropping charges against three units of the Wall Street bank that …

Britain and EU strike Brexit deal ahead of summit

Oct 17 2019

Britain and the European Union reached a last-ditch Brexit deal on Thursday, just hours before an EU summit that is …

Ericsson sales rise but earnings hit by corruption provision

Oct 17 2019

Ericsson Thursday reported rising sales, but the bottom line of the Swedish maker of telecommunications network …

Northern Irish rejection threatens Brexit deal as EU leaders meet

Oct 17 2019

Britain's efforts to agree an amicable divorce from the European Union were hanging by a thread Thursday as leaders …

Universal Studios park in China to have facial recognition tech

Oct 17 2019

The Universal Studios amusement park under construction in Beijing will admit visitors without a ticket -- thanks to …

Pound sinks as key ally rejects Johnson Brexit plan

Oct 17 2019

Sterling tumbled Thursday after Prime Minister Boris Johnson's key ally in parliament said it "could not support" his …

Fashion statement: Trump to inaugurate new Louis Vuitton US site

Oct 17 2019

President Donald Trump will attend Thursday the opening of a new production site in Texas for the posh handbag maker …

China signs deal to 'lease' Pacific island in Solomons

Oct 17 2019

A Chinese company signed an agreement to lease an entire island in the Solomon Islands a day after Beijing recruited the …

Dior apologises for China map excluding Taiwan

Oct 17 2019

Luxury brand Dior has become the latest company to apologise to China over a perceived insult to national sovereignty, …

China propaganda app fraught with security concerns: report

Oct 17 2019

A widely downloaded Chinese propaganda app that quizzes users on Communist Party heroes and military achievements may be …

Development dilemma as eastern Greenland eyes tourism boost

Oct 17 2019

Kayaking past blue-white icebergs drifting along near a pristine harbour, wandering around colourful houses or trekking …

S. Korea top court upholds suspended term for Lotte chief

Oct 17 2019

South Korea's top court on Thursday upheld a suspended jail term for the chairman of retail giant Lotte Group over a …

Pound extends gains as Britain, EU push for Brexit deal

Oct 17 2019

Sterling edged up Thursday as Britain and the European Union appeared close to a Brexit agreement, though investors …

Brexit deal in the balance as EU leaders gather

Oct 17 2019

British and EU negotiators worked late into the night into Thursday in the hopes of presenting a last-minute Brexit deal …

Looming recession to weigh on German forecasts

Oct 17 2019

Berlin will publish Thursday updated growth forecasts for Germany that are likely to reveal a still weaker outlook than …

Virgin Galactic unveils commercial space suits

Oct 17 2019

The date for the world's first commercial space flight is not even confirmed yet, but future passengers' Star Trek-like …

Competitors look to free services to take on Netflix

Oct 17 2019

Video streaming upstarts are looking to a different model to take on industry leader Netflix: free-to-viewer services …

Putin signals Russia's return to Africa with summit

Oct 17 2019

President Vladimir Putin hosts dozens of African leaders next week as Russia seeks to reassert its influence on the …

Netflix revs up growth as streaming TV war looms

Oct 17 2019

Netflix shares rallied Wednesday after its latest quarterly update showed robust subscriber growth and …

US-China trade mini-deal being 'papered': Trump

Oct 17 2019

The partial trade bargain struck last week with China is now being formally put down in writing, US President Donald …

US, France and OECD 'getting closer' to tech tax agreement: Mnuchin

Oct 16 2019

Washington is inching toward an agreement with Paris and the Organization for Economic Cooperation and Development on …

US firms say near-term outlook dimming amid slow growth: Fed

Oct 16 2019

Less than stellar US growth in recent weeks has caused many businesses to lower their outlooks and they now expect the …

Wall Street stocks pull back; Sterling rises again

Oct 16 2019

Wall Street stocks retreated Wednesday as lingering questions over Brexit talks and the state of US-China trade relation …

EU-US airliner war in nobody's interests: Airbus chief

Oct 16 2019

Airbus chief executive Guillaume Faury urged the European Union and United States Wednesday to reach a negotiated …

Africa could see 'huge advantages' from free trade pact: World Bank's Malpass

Oct 16 2019

Countries in Africa stand to reap big economic benefits from a continental free trade agreement but policymakers will …

Mexico court lets president's pet airport go ahead

Oct 16 2019

A Mexican court decided Wednesday to allow construction to go ahead on a new airport pushed by the president, who is …

UAW leaders reach tentative deal with GM to end US worker strike

Oct 16 2019

General Motors and the United Auto Workers announced Wednesday a tentative labor agreement that could end a month-long …

Netflix revives growth as streaming TV war looms

Oct 16 2019

Netflix shares rallied Wednesday after its latest quarterly update showed robust subscriber growth and …

SpaceX seeking many more satellites for space-based internet grid

Oct 16 2019

SpaceX wants spectrum access for nearly four times as many satellites as originally planned for its high-speed internet …

Africa facing higher risk from distressed debt: IMF

Oct 16 2019

Rising debt levels in Africa pose an increasing risk to the region's economies, especially with increasing borrowing …

US envoys open Sudan bank accounts for first time in decades

Oct 16 2019

Four US diplomats on Wednesday opened accounts at a Sudanese bank for the first time in decades, as Khartoum seeks to …

Qatar to end controversial migrant worker restrictions

Oct 16 2019

Qatar announced plans Wednesday to scrap key aspects of its controversial "kafala" labour rules, including the …

Italy latest to slap Internet giants with 'digital tax'

Oct 16 2019

Italy is to slap internet giants such as Amazon and Google with a three-percent tax, according to the proposed budget it …

With little hope, Nigeria pushes $62bn claim from oil majors

Oct 16 2019

Nigeria is looking to claim $62 billion from international oil firms for back revenues it says it is owed -- but even …

Sterling bounces on Brexit uncertainty

Oct 16 2019

Sterling bobbed up and down Wednesday as Brexit-related reports that kept traders guessing about how the situation was …

Farmers' strike causes disruption across Netherlands

Oct 16 2019

Thousands of tractor-driving Dutch farmers stepped up protests on Wednesday against the government's climate policies, …

Urban SUVs driving huge growth in CO2 emissions: IEA

Oct 16 2019

The undying popularity of sport-utility vehicles has made them the second-biggest contributor to the growth of global …

Iraq anti-corruption drive stops short of snaring worst culprits

Oct 16 2019

Following a wave of deadly anti-government protests, Baghdad has announced a slew of measures to stem corruption -- but …

Court to hear Russian's claim that Apple 'turned him gay'

Oct 16 2019

A Moscow court on Thursday holds a preliminary hearing in the case of a Russian man who is suing US tech giant Apple for …

IMF flags surging, risky corporate debt, calls for more oversight

Oct 16 2019

Low borrowing rates put in place amid a slowing economy -- partly caused by uncertainty created by the US-China trade …

Germany calls crisis meet over Shell North Sea platforms

Oct 16 2019

Germany said Wednesday it had called a special meeting of international partners this week to pressure Royal Dutch Shell …

EU moves against chipmaker Broadcom in latest US tech salvo

Oct 16 2019

The EU's powerful anti-trust authority on Wednesday ordered US chipmaker Broadcom to immediately halt uncompetitive …

French supermarkets under fire after food found in trash

Oct 16 2019

Two French supermarket chains came under fire Wednesday after a lawmaker staged raids on Paris trash cans that uncovered …

UAE to launch new low-cost airline

Oct 16 2019

Abu Dhabi's giant Etihad Airways and Sharjah's low-cost carrier Air Arabia announced Wednesday an agreement to launch a …

US consumers hit the brakes in September

Oct 16 2019

American consumers tightened their purse strings unexpectedly last month, breaking a seven-month winning streak, …

Sterling dips on report of 'impossible' Brexit deal

Oct 16 2019

Sterling slid Wednesday on a report that a Brexit deal might be impossible unless the UK government budges from its …

Turkey's Halkbank says US sanctions case punishment for Syria operation

Oct 16 2019

Turkey's state-run Halkbank on Wednesday denied any wrong-doing after US prosecutors charged it with a scheme to evade …

Huawei says nine-month revenue up despite US pressure

Oct 16 2019

Chinese tech giant Huawei said on Wednesday that its revenue for the first nine months of the year grew by almost a …

China's GDP growth slows to 6% in third quarter: AFP poll

Oct 16 2019

China's economy expanded at its slowest rate in nearly three decades during the third quarter, held back by cooling …

No-deal Brexit poses 'significant' border risks: UK audit office

Oct 16 2019

British government efforts to minimise border chaos should the UK leave the EU without a negotiated deal face …