Business and Tech

Trump declines to criticize Turkey's Russia missile purchase

AFP - 41m ago

President Donald Trump declined Tuesday to criticize Turkey's acquisition of a Russian missile system assailed by the …

United Continental reports higher earnings despite MAX crisis

AFP - 1h ago

United Continental reported higher second-quarter profits Tuesday as strong demand for flying offset the hit from the …

Mixed earnings at large US banks as Fed rate cut looms

AFP - 1h ago

JPMorgan Chase reported record quarterly profits on Tuesday behind strong consumer businesses on a day of mixed bank …

GM, Fiat Chrysler warn workers auto industry facing tough future

AFP - 1h ago

With plant closures hanging over the start of contract negotiations, General Motors chief Mary Barra on Tuesday warned …

Wall Street retreats from records, pound dives on Brexit fears

AFP - 1h ago

Wall Street stocks pulled back from records Tuesday following mixed earnings and economic data, while the British pound …

US senators warn of 'trust' gap over Facebook digital currency

AFP - 2h ago

US senators Tuesday questioned whether Facebook can be trusted to manage its proposed Libra digital currency in the …

US manufacturing sinks into recession amid trade wars

AFP - 4h ago

US manufacturing sunk into recession in June after two consecutive quarters of declines amid President Donald Trump's …

France urges G7 to find 'international solution' on digital taxes

AFP - 4h ago

French Finance Minister Bruno Le Maire on Tuesday urged the G7 club of top world economic powers to find an …

Senators press Facebook on 'trust' in hearing on digital currency

AFP - 3h ago

US senators Tuesday questioned whether Facebook can be trusted with a massive financial responsibility at the first …

Fed's Powell doubles down on rate cut signal

AFP - 5h ago

Federal Reserve Chair Jerome Powell added more weight to expectations the central bank will cut interest rates later …

IMF to begin search for new leader as Lagarde resigns as of Sept 12

AFP - 5h ago

Christine Lagarde will resign from the International Monetary Fund on September 12 as she awaits final word on her …

Oilfield wastewater may trigger earthquakes for 'decades'

AFP - 6h ago

Wastewater from oil and gas production injected deep into wells could cause earthquakes strong enough to be felt on the …

European stock markets advance, pound slumps

AFP - 5h ago

European stock markets pushed higher on Tuesday, while the pound hit the lowest level versus the dollar in more than two …

Berlin snaps up 670 flats to help ease housing tensions

AFP - 7h ago

The city of Berlin is snapping up 670 apartments in a prime location from a private owner in a bid to ease mounting …

American consumer spending marches higher in June

AFP - 8h ago

A spending spree by American consumers continued in June for the fourth straight month, as shoppers took home more new …

Trump says he wants review of Google's ties to China

AFP - 9h ago

President Donald Trump said Tuesday he wants his administration to "take a look" into whether Google has been working …

Goldman Sachs reports dip in 2nd quarter profits

AFP - 10h ago

Goldman Sachs reported a dip in second-quarter profits Tuesday due to declines in trading and debt underwriting, …

European stock markets edge higher, pound slumps

AFP - 2h ago

European stock markets edged higher on Tuesday, while the pound hit the lowest level versus the dollar in more than two …

Ryanair slashes growth outlook on Boeing crisis

AFP - 11h ago

Ryanair on Tuesday slashed its growth outlook and said it would temporarily shut bases as crisis-hit Boeing pushes back …

JPMorgan Chase reports higher profits, upbeat on US economy

AFP - 9h ago

JPMorgan Chase reported a jump in second-quarter profits Tuesday behind strength in consumer and business banking as its …

Beijing rebuffs Trump claims over economic slowdown

AFP - 11h ago

China on Tuesday rejected claims from US President Donald Trump that it is being forced to make a trade deal because of …

Renault sales fall in weakening auto market

AFP - 11h ago

French auto giant Renault said Tuesday its first half sales were hit by a slowdown in several emerging countries but …

Chinese diplomats take to Twitter to defend Beijing

AFP - 9h ago

Chinese diplomats are increasingly turning to Twitter to defend Beijing's policies to the international community, …

Asian markets drift as investors eye start of earnings season

AFP - 3h ago

Most Asian markets were mixed Tuesday as investors took a breather after a recent rally and as they awaited the start of …

Ryanair closing bases due to Boeing 737 MAX crisis

AFP - 6h ago

Ryanair said Tuesday it will close some of its bases because of problems with Boeing's crisis-hit 737 MAX jet, which has …

Training journalists in the era of fake news

AFP - 9h ago

As uncannily realistic "deep fake" videos proliferate online, including one recently retweeted by Donald Trump, …

Malaysia to challenge EU palm oil curbs at WTO

AFP - 12h ago

Malaysia will lodge a complaint with the World Trade Organization over the European Union's plan to phase out the use of …

Amazon workers strike as 'Prime' shopping frenzy hits

AFP - 12h ago

Amazon workers walked out of a main distribution center in Minnesota on Monday, protesting for improved working …

US judge slashes jury award in Roundup cancer case

AFP - 10h ago

A US judge on Monday slashed punitive damages a jury ordered Monsanto to pay in a Roundup cancer trial, saying the sum …

Twitter revamps website in bid to mimic mobile app

AFP - 17h ago

Twitter on Monday began rolling out an overhauled version of its website, making it more similar to the mobile version …

EU agrees measures against Turkey for Cyprus drilling

AFP - 9h ago

The European Union on Monday agreed measures to punish Turkey for pursuing drilling operations off Cyprus despite …

Fuel leak halted blastoff for Indian rocket: reports

Jul 15 2019

A fuel leak in the rocket engine forced India to abort the launch of its landmark Moon mission less than one hour before …

'Spider-Man' retains top spot at N. America box office

Jul 15 2019

"Spider-Man: Far From Home" beat back competition from two debut films at the North American box office, winning for a …

Atlantia, Delta picked to reboot ailing Alitalia

Jul 15 2019

Italy's state railway Ferrovie dello Stato (FS) on Monday said it had chosen the Atlantia transport group and US airline …

IKEA closing only US furniture factory, cutting 300 jobs

Jul 15 2019

IKEA said it will close its only US factory at the end of the year, cutting 300 jobs, as it will be more cost effective …

Wall Street notches fresh records as global stocks gain

Jul 15 2019

Global stocks edged higher Monday, with US indices notching fresh records at the start of an earnings-rich week …

Citigroup earnings climb on lower expenses

Jul 15 2019

Citigroup reported increased second-quarter earnings on Monday, benefitting from higher lending and lower expenses …

Brazil's vice president says no restrictions on Huawei

Jul 15 2019

China's Huawei will not be restricted in Brazil where plans are under way to launch a 5G network, the country's vice …

Amazon staff stage strikes in Germany on big sale day

Jul 15 2019

Amazon employees went on strike at seven locations in Germany on Monday, demanding better wages as the US online retail …

Facebook needs 'very high standard' for Libra coin: US Treasury

Jul 15 2019

Facebook must meet "a very high standard" before it moves ahead with its planned digital currency Libra, US Treasury …

Auto union vows to look closely at Ford-VW alliance

Jul 15 2019

The United Auto Workers said Monday it will take a close look at the Ford's alliance with the Volkswagen as the union …

S&P reaffirms Deutsche Bank ratings after restructuring

Jul 15 2019

S&P reaffirmed Deutsche Bank's credit ratings on Monday, calling a restructuring plan "necessary," while noting that the …

US-China trade officials to talk again 'this week': official

Jul 15 2019

Top US and Chinese trade negotiators are due to speak by telephone in the coming days, but no face-to-face talks have …

EU agrees sanctions against Turkey for drilling off Cyprus

Jul 15 2019

European Union officials on Monday agreed political and financial sanctions against Turkey after Ankara went ahead with …

LVMH teams up with Stella McCartney

Jul 15 2019

French luxury and fashion giant LVMH said Monday it will buy a minority stake in Stella McCartney's design house, which …

Huawei says it plans to invest $3.1 billion in Italy

Jul 15 2019

Chinese tech giant Huawei said Monday it plans to invest $3.1 billion (2.75 billion euros) in Italy over three years, as …

France begins process to allocate 5G frequencies: regulator

Jul 15 2019

France's telecoms regulator on Monday officially launched the process to allocate to operators frequencies for …

Automation has doubled in global manufacturing

Jul 15 2019

The use of robots in US manufacturing has more than tripled over the two decades, and has doubled in the rest of the …

Limited hangover for AB InBev after beer IPO goes flat

Jul 15 2019

The share price for the beer giant behind Stella Artois and Budweiser showed limited spillover on Monday from a shock …

Canada's new rules offer extra compensation for passengers bumped by airlines

Jul 15 2019

Canada introduced new consumer protection rules Monday for airline passengers traveling to or from the country, offering …

LVMH takes 10% stake in Stella McCartney

Jul 15 2019

French luxury and fashion giant LVMH said Monday it will take a 10 percent stake in Stella McCartney's design house, …

Markets slightly firmer after doubts over slowing Chinese economy

Jul 15 2019

World stock markets were slightly firmer Monday, mostly posting modest gains after initial doubts on news that China's …

Automation has doubled in global manfacturing

Jul 15 2019

The use of robots in US manufacturing has more than tripled over the two decades, and has doubled in the rest of the …

One in five US Twitter users follows Trump: survey

Jul 15 2019

Nineteen percent of US Twitter users follow President Donald Trump on the social platform, and a majority of those …

Boeing shares fall as 737 MAX grounding drags on

Jul 15 2019

Boeing shares fell early Monday after major US airlines announced more flight cancellations because they expect the 737 …

Zimbabwe inflation rate soars to 175%

Jul 15 2019

Zimbabwe's annual inflation rate hit 175 percent in June, official data showed Monday, stoking fears of a return of the …

Tech tax set to dominate G7 finance minisers meeting

Jul 15 2019

A row over taxing tech giants is set to dominate a meeting of G7 finance ministers near Paris this week, with the …

Markets waver as Chinese economy slows

Jul 15 2019

World stock markets wavered Monday on news that China's economy grew at its weakest pace in nearly three decades, hit by …

Asian markets mixed as China growth slows further

Jul 15 2019

Asian markets recovered after an early stumble on Monday as data showed China's economy growing at its weakest pace in …

Carmaker PSA in reverse as Chinese sales hit a wall

Jul 15 2019

French carmaker PSA said Monday its sales slumped in the first half of the year as it pulled out of Iran and sales in …

Toxic employers face jail as South Korea tackles workplace bullying

Jul 15 2019

After enduring months of constant harassment at work, South Korean office worker Christine Jung finally confronted her …

China GDP growth slows to 6.2% in second quarter

Jul 15 2019

China's growth slowed to its weakest pace in almost three decades in the second quarter, with the US-China trade war and …

Asian markets in retreat as China growth slows further

Jul 15 2019

Asian markets slipped on Monday as data showed China's economy growing at its weakest pace in nearly three decades, hit …

As China locks up Muslims in Xinjiang, it opens its doors to tourists

Jul 15 2019

From the expansive dunes of the Taklamakan Desert to the snow-capped peaks of Tianshan, Chinese authorities are selling …

Huawei planning major job cuts in US: WSJ

Jul 15 2019

Chinese telecoms giant Huawei, which is subject to US sanctions over concerns about its ties to the government in …

Luc Besson's studio discussing rescue with US fund Vine

Jul 14 2019

French film-maker Luc Besson's loss-making studio EuropaCorp said Sunday it was in talks with US investment fund Vine …

Benetton family firm Atlantia tipped to take Alitalia stake: reports

Jul 14 2019

Italy's Atlantia group, owned by the Benetton family, is ready to take a stake in ailing flagship carrier Alitalia, as …

Budweiser brewing giant AB InBev cancels Hong Kong IPO

Jul 14 2019

The company that makes Stella Artois and Budweiser has scrapped its planned listing in Hong Kong, cancelling what would …

Facebook's Libra currency under fire

Jul 14 2019

Facebook's planned virtual unit Libra, already under heavy attack from US President Donald Trump and global regulators, …

Tax-weary Greek traders welcome change of government

Jul 14 2019

"Once my taxes are paid, at the end of the day I have 20 or 25 euros left in my pocket," lamented Greek hairdresser …

Trump's favorite parts of US economy are also the weakest

Jul 14 2019

At rallies and whistle-stop campaign tours, President Donald Trump proclaims a renaissance in US factories rebuilding …

As ransomware rages, debate heats up on response

Jul 14 2019

City services in Baltimore, Maryland, were paralyzed earlier this year when a ransomware attack locked up computer …

Amazon 'Prime Day' becomes phenomenon as rivals jump in

Jul 13 2019

It started as a simple sales promotion, but Amazon's Prime Day has now morphed into a major phenomenon joined by scores …

China to impose sanctions on US firms in Taiwan arms sale

Jul 13 2019

China on Friday said it would impose sanctions on US companies involved in a potential arms sale worth $2.2 billion to …

$5 bn US fine set for Facebook on privacy probe: report

Jul 13 2019

US regulators have approved a $5 billion penalty to be levied on Facebook to settle a probe into the social network's …

IMF releases $5.4 bn loan tranche to Argentina

Jul 13 2019

The International Monetary Fund completed a review Friday of Argentina's economic performance, allowing the release of …

Argentina hits IMF fiscal target for first half of 2019

Jul 12 2019

Argentina registered a primary surplus of 30.3 billion pesos ($719 million) for the first half of 2019, Finance Minister …

Wall Street hits records as rate cut hopes lift investor spirits

Jul 12 2019

All three of Wall Street's main indices popped to fresh records on Friday, ending the week on an emphatic note as …

Ford, Volkswagen join forces on the new frontier of electric autos

Jul 12 2019

Volkswagen and Ford are teaming up on a massive $7 billion project to attack the new frontier in the global auto market: …

Fitch downgrades Turkey's debt after central bank chief dismissal

Jul 12 2019

Ratings agency Fitch on Friday downgraded Turkey's sovereign debt by one notch to 'BB-' with a negative outlook, after …

UK PM contenders say EU will drop Irish backstop for Brexit deal

Jul 12 2019

The two candidates vying to become Britain's next prime minister both said Friday they believe the EU will agree a …

US trade negotiators will travel to China in 'very near future': official

Jul 12 2019

US officials will soon resume face-to-face trade talks in China, a White House official said Friday, reviving …

Wall Street rides Fed rate cut hint higher

Jul 12 2019

Wall Street pushed higher into record territory Friday after Federal Reserve chief Jerome Powell all but flicked the …

US Treasury warns it will run out of cash in early September

Jul 12 2019

The US government could run out of money in early September unless Congress allows the administration to borrow more, …

Google launches review after leak of audio conversations

Jul 12 2019

Google said it was conducting an internal review after it discovered confidential audio had been leaked by a contractor …

Google says partner leaked classified Dutch data

Jul 12 2019

Internet giant Google acknowledged Thursday that a language expert it partnered with had leaked sensitive Dutch audio …

Stocks ride Fed rate cut hint higher

Jul 12 2019

Stock markets rose Friday, after Federal Reserve chief Jerome Powell all but flicked the switch on a US interest rate …

South Korea, Japan hold talks as diplomatic row worsens

Jul 12 2019

Japanese and South Korean officials held hours of talks Friday to discuss a worsening diplomatic row that has prompted …

Ford, Volkswagen expand alliance to electric autos

Jul 12 2019

Auto giants Volkswagen and Ford announced Friday they were expanding their alliance to include the development of …

China police bust bitcoin miners for stealing $3 mn in electricity

Jul 12 2019

Police in eastern China have busted a ring of illicit bitcoin miners who stole nearly $3 million worth of electricity to …

Stock markets mostly higher on Fed rate cut hint

Jul 12 2019

Stock markets mostly rose Friday, after Federal Reserve chief Jerome Powell all but flicked the switch on a US interest …

Deutsche Bank CEO gives execs dressing down over suits

Jul 12 2019

Deutsche Bank chief executive Christian Sewing was forced to personally rebuke managers who ordered tailors to their …

China's GDP growth seen slowing to 6.2% in second quarter: AFP poll

Jul 12 2019

China's economy grew at its slowest rate in nearly three decades in the second quarter, according to an AFP survey of …

Asian markets extend gains as Fed hopes linger

Jul 12 2019

Asian equities rose Friday, building on optimism fuelled by expectations of a Federal Reserve interest rate cut, with …

Deutsche Bank CEO blasts execs over suit fitting on day of layoffs

Jul 12 2019

The chief executive of Deutsche Bank, Germany's biggest lender, said he has personally rebuked managers who ordered …

China's Fosun Group confirms Thomas Cook rescue bid

Jul 12 2019

China's Fosun Group is considering nearly a billion dollar rescue of embattled British tour operator Thomas Cook, the …

Daimler slashes 2019 profit forecast after Q2 loss

Jul 12 2019

German auto giant Daimler, maker of Mercedes-Benz, on Friday slashed its 2019 profit forecast for the second time in a …

Japan firm says $32 mn missing in cryptocurrency hack

Jul 12 2019

A Tokyo-based cryptocurrency exchange said Friday it had halted all services after losing cryptocurrency worth more than …

Trump says cryptocurrency is 'not money'

Jul 12 2019

Donald Trump expressed his mistrust of cryptocurrency Thursday, saying it was "not money" and warning that those wishing …

Low-cost Moon mission puts India among lunar pioneers

Jul 12 2019

India will step up the international space race on Monday when it launches a low-cost mission to become only the fourth …

Singapore economy shrinks in warning for global trade

Jul 12 2019

Growth in export-reliant Singapore suffered a surprise sharp contraction in the second quarter, official data showed …

Asian markets on course to end week on positive note

Jul 12 2019

Asian equities mostly rose in early trade Friday but gains were slight as investors applied the brakes after recent …