Business and Tech

Stock markets power ahead on surprise US jobs rise

AFP - 39m ago

Bourses in Europe and the United States surged Friday following a surprisingly strong US jobs report, which markets …

Trump threatens EU, China tariffs over lobster duties

AFP - 48m ago

President Donald Trump threatened Friday to impose tariffs against the European Union and China in retaliation for …

Marriott ceases Cuban operations after new Trump sanctions

AFP - 1h ago

Marriott has been ordered by the US Treasury Department to close its Four Points Sheraton hotel in Havana by the end of …

Trump declares America back after good jobs report

AFP - 1h ago

President Donald Trump declared the US economy in "rocket" mode Friday after data showed a surprising recovery in the …

Egypt agrees on $5.2 bn aid package: IMF

AFP - 1h ago

An IMF team has agreed on a one-year, $5.2 billion financing package for Egypt to help the country alleviate the …

Russia sees melting permafrost behind Arctic fuel spill

AFP - 3h ago

An unprecedented fuel spill that has polluted huge stretches of Arctic rivers was caused by melting permafrost, Russian …

US shows surprising employment recovery in May despite pandemic

AFP - 2h ago

The US economy regained 2.5 million jobs in May and the unemployment rate dropped as coronavirus pandemic shutdowns …

Facebook blocks white nationalists organizing move on protests

AFP - 4h ago

Facebook on Friday said it disrupted efforts by banned white nationalist groups to organize members to arm themselves …

German prosecutors probe Wirecard board over 'market manipulation'

AFP - 5h ago

Investigators are probing the entire four-person board of German electronic payments firm Wirecard on suspicion of …

Victoria's Secret UK arm goes into administration

AFP - 5h ago

More than 800 jobs are at risk after the UK arm of lingerie retailer Victoria's Secret fell into administration on …

Eye of the storm: African Development Bank chief Akinwumi Adesina

AFP - 5h ago

In just months, African super-banker Akinwumi Adesina has gone from glory to fighting for his career, battling US …

EU, UK to step up Brexit talks despite limited progress

AFP - 7h ago

Brussels and London pledged Friday to step up the pace of Brexit trade talks to try to strike a deal by the end of …

US shows surprising jobs recovery in May amid pandemic

AFP - 2h ago

The United States regained 2.5 million jobs in May and the unemployment rate dropped as coronavirus pandemic shutdowns …

Putin tells metals giant to pay for full cleanup after Arctic spill

AFP - 2h ago

Russian President Vladimir Putin on Friday said he expected metals giant Norilsk Nickel to fully restore the environment …

Black Americans suffer from generations of economic marginalization

AFP - 8h ago

Downtown Washington gleams with wealth, but as he stood in a crowd protesting at the White House, Justin Monroe doubted …

Major oil producers to meet Saturday about output cuts

AFP - 9h ago

Top oil producing countries will meet via video conference on Saturday instead of next week, a source close to OPEC said …

Stalemate after fourth round of post-Brexit talks

AFP - 1h ago

The latest round of Brexit trade talks ended with no breakthrough Friday, as the EU and Britain stuck to long-held …

China slams Facebook's state media rules

AFP - 10h ago

China said Facebook was unfairly targeting its biggest media companies on Friday after the network began attaching …

Equity markets rally before US jobs data

AFP - 4h ago

Equities rallied Friday awaiting key US jobs data that was set to reveal more evidence of the economic bloodbath caused …

Major oil producers to meet Saturday to discuss output cuts

AFP - 1h ago

Top oil producing countries have decided to meet Saturday via video conference instead of next week, a source close to …

Russia says has stopped spread of Arctic fuel spill

AFP - 2h ago

Russia has managed to contain a massive diesel spill into a river in the Arctic, a spokeswoman for the emergencies …

Luxury carmaker Bentley to axe 1,000 UK jobs

AFP - 11h ago

German-owned luxury car brand Bentley on Friday said it would axe around 1,000 jobs in the UK as the market weathers the …

Equity markets extend rally on lockdown easing, stimulus

AFP - 2h ago

Equities rallied again Friday on optimism over the easing of lockdown measures, massive stimulus and signs that the …

Cirque du Soleil walks a tightrope through pandemic

AFP - 9h ago

Its shows canceled due to the COVID-19 pandemic, an already heavily indebted Cirque du Soleil's fight for survival has …

Tax the rich? Post-pandemic recovery idea finds favour in UK

AFP - 17h ago

In billionaire-friendly Britain, where the global coronavirus outbreak has hit hard, the idea of making the wealthiest …

Japanese April spending sees sharpest drop since 2001

AFP - 17h ago

Japan's household spending recorded its worst drop in nearly two decades in April, government data showed Friday, as the …

UK car dealership motors out of virus lockdown

AFP - 13h ago

At the Vauxhall car showroom in Chingford, just northeast of London, business is motoring ahead after Britain lifted …

Asian markets fluctuate as dealers take breather ahead of US jobs

AFP - 4h ago

Investors took a breather in Asia on Friday after rallying through the week on optimism over the easing of lockdown …

Japan household spending drops 11.1% in April

AFP - 54m ago

Japan's household spending slumped again in April, falling 11.1 percent from a year earlier, government data showed …

Under-fire African Development Bank boss facing new graft probe

AFP - 18h ago

The African Development Bank on Thursday launched an independent inquiry into allegations of embezzlement and …

US protests over Floyd's killing a 'perfect storm' for false info

AFP - 43m ago

George Floyd's death was staged. US authorities cut communications in the country's capital. People can be paid to be a …

US likely suffered 'heartbreaking' unemployment in May

AFP - 14h ago

Even as the world's largest economy begins to reopen, the scale of the job losses in May will be devastating, and …

Global vaccines programme gets $8.8bn shot in the arm

AFP - 11h ago

Governments around the world on Thursday pledged $8.8 billion for global vaccines alliance Gavi to help immunisation …

Biden, Trump campaigns targeted by foreign hackers: Google

AFP - 20h ago

Campaign staffs for both President Donald Trump and Democratic rival Joe Biden have been targeted recently by foreign …

American Airlines, United add flights as demand recovers from virus

Jun 04 2020

American Airlines and United Airlines announced Thursday they will add more flights in July amid improving demand, …

Stock market investors take profits as ECB boosts firepower

Jun 04 2020

A rally in global stock markets petered out Thursday but resolute action from the European Central Bank to fight the …

US faces unemployment crisis amid record trade drop

Jun 04 2020

In further signs of the crisis facing the world's largest economy amid the coronavirus pandemic, new data Thursday …

Greece 'more than sea and sun', says PM in tourism launch

Jun 04 2020

Greece is "more than just sea and sun," the country's PM said Thursday as a campaign was launched to resurrect its …

Facebook labels state-controlled media posts, will block ads

Jun 04 2020

Facebook on Thursday began labelling media organizations whose editorial calls may be under the influence of governments …

Global vaccines hunt gets $8.8bn shot in the arm

Jun 04 2020

Governments around the world on Thursday pledged $8.8 billion for global vaccines alliance Gavi to help immunisation …

American Airlines adds flights as demand recovers from virus

Jun 04 2020

American Airlines will add more flights in July on improving demand, the company said Thursday, suggesting the industry …

Lawsuit says Amazon failed to protect warehouse staff from virus

Jun 04 2020

Three Amazon warehouse employees announced a lawsuit Thursday claiming the US retail and tech giant failed to protect …

Greece readies revival of virus-hit economy

Jun 04 2020

Greece geared up Thursday to revive its tourism-dependent economy, which shrank in the first quarter owing to the impact …

ECB ramps up eurozone support as pandemic persists

Jun 04 2020

Sharply downgraded growth and inflation forecasts and uncertainty about the course of the coronavirus pandemic prompted …

Global share investors take profits as ECB boosts firepower

Jun 04 2020

A rally in global stock markets petered out Thursday as investors cashed in on recent gains, with oil prices and the …

Stock markets turn weaker after strong gains

Jun 04 2020

A rally in global stock markets petered out Thursday, while oil prices fell, with investors cautious as they waited for …

China says US trade sanctions on Hong Kong violate WTO rules

Jun 04 2020

Washington's decision to strip Hong Kong of its special trading status violates rules of the World Trade Organization, …

UK banking giants back China's Hong Kong security law

Jun 04 2020

British banking giants HSBC and Standard Chartered on Thursday backed China's contentious security law proposal for Hong …

UK car sector axes 2,000 jobs as sales slump

Jun 04 2020

Britain's battered automotive sector axed 2,000 jobs Thursday after the coronavirus crisis slashed sales of new …

LVMH vows not to pick up Tiffany shares on the cheap

Jun 04 2020

French luxury goods conglomerate LVMH said Thursday it would not exploit weakness in the share price of its US takeover …

China de-escalates airline spat with US

Jun 04 2020

China said Thursday foreign airlines blocked from operating in the country over virus fears would be allowed to resume …

Broadcasters face screen test in coronavirus age

Jun 04 2020

Sport has been forced behind closed doors for the foreseeable future but experts are divided over whether broadcasters …

South Korean prosecutors seek arrest warrant for Samsung heir

Jun 04 2020

South Korean prosecutors sought an arrest warrant Thursday for Samsung vice-chairman and heir Lee Jae-yong over a …

Asian markets mixed as rally stalls

Jun 04 2020

The further easing of lockdown measures and signs that economies could be past the worst of the coronavirus crisis kept …

Nigeria's Nollywood gets creative to cope with virus crisis

Jun 04 2020

As coronavirus closed businesses around the world and forced billions to stay home, Nigerian director Obi Emelonye came …

China to allow limited US passenger flights

Jun 04 2020

China on Thursday said foreign airlines blocked from operating in the country over virus fears would be allowed to …

Mauritania's former desert jewel, forgotten and fading

Jun 04 2020

A few centuries ago, Tichitt was a citadel of trade where Saharan merchants bearing gold, salt and cloth would stop to …

ECB seen beefing up eurozone support as pandemic persists

Jun 04 2020

Most analysts expect the European Central Bank on Thursday to beef up its emergency bond-buying scheme with hundreds of …

Ex-UAW chief pleads guilty to embezzling $1 mn in union dues

Jun 04 2020

A former president of United Auto Workers faces up to five years in prison after pleading guilty Wednesday to embezzling …

Snapchat curbs Trump for inciting 'racial violence'

Jun 04 2020

Snapchat on Wednesday became the latest social network moving to curb the reach of US President Donald Trump, claiming …

Weak demand pushing oil, gas toward 'terminal decline': report

Jun 04 2020

Falling fossil fuel demand coupled with mounting risk for investors could slash the value of oil, gas and coal reserves …

Searching 'racist' on Twitter brings up Trump as top result

Jun 04 2020

US President Donald Trump appears as the first result of suggested accounts when users type "racist" into Twitter's …

US suspends flights by Chinese airlines in new spat with Beijing

Jun 04 2020

Washington on Wednesday ordered the suspension of all flights by Chinese airlines into and out of the United States …

Germany unveils 130-bn stimulus to kickstart virus-hit economy

Jun 03 2020

Germany will plough 130 billion euros ($146 billion) into a stimulus package to kick-start an economy severely hit by …

Stock markets surge on swift recovery hopes

Jun 03 2020

Growing optimism about a swift global economic recovery pushed equity markets sharply higher Wednesday, as investors …

Warner Music surges in Nasdaq debut after IPO raises $1.9 bln

Jun 03 2020

Warner Music Group, one of the globe's "big three" recording companies, jumped in its market debut Wednesday after …

CES global gadget fest on track despite pandemic

Jun 03 2020

Consumer Electronics Show organizers said Wednesday that they are going ahead with plans to bring together people from …

Putin declares state of emergency over Siberian fuel spill

Jun 03 2020

Russian President Vladimir Putin on Wednesday ordered a state of emergency and criticised a subsidiary of metals giant …

WHO resumes trials on controversial drug as Italy reopens

Jun 03 2020

The World Health Organization on Wednesday said it would resume using a controversial drug in coronavirus trials, while …

US suspends flights by Chinese airlines in spat with Beijing

Jun 03 2020

Washington on Wednesday ordered the suspension of all flights by Chinese airlines into and out of the United States …

Snapchat curbs Trump posts for inciting 'racial violence'

Jun 03 2020

Snapchat on Wednesday stopped promoting posts by US President Donald Trump, saying they incite "racial violence."

US services, private employment data shows early recovery signs

Jun 03 2020

Private companies shed another 2.76 million jobs in May and the dominant services industry contracted for the second …

Warner Music to premiere on Nasdaq after IPO raises $1.9 bln

Jun 03 2020

Warner Music Group, one of the globe's "big three" recording companies, jumped in opening trading Wednesday after …

US services sector contraction continues in May: survey

Jun 03 2020

The dominant services segment of the US economy was still suffering amid the pandemic in May but appeared poised for a …

Nissan warns again on no-deal threat to UK car plant

Jun 03 2020

Nissan warned Wednesday that a no-deal Brexit would threaten its vast UK car factory, the Japanese carmaker's largest …

Tiffany shares fall amid doubts over LVMH deal

Jun 03 2020

Shares of Tiffany were under pressure for a second straight session Wednesday following a report that its deal to be …

WEF bills Davos 2021 as the 'Great Reset'

Jun 03 2020

The World Economic Forum announced Wednesday that its next summit in Davos would go ahead, and billed it as the "Great …

Berlin's historic Tegel airport back from brink of closure

Jun 03 2020

Berlin's historic Tegel airport, slated for closure from mid-June, will be kept open for a few more months after all, …

US private employment falls 2.76 mn in May: ADP

Jun 03 2020

Private companies shed another 2.76 million jobs in May following nearly 20 million job losses in April due to the …

Stock markets rally on swift recovery hopes

Jun 03 2020

Growing optimism about a swift global economic recovery pushed equity markets higher Wednesday, as investors took heart …

Facebook and PayPal invest in Indonesian start-up Gojek

Jun 03 2020

Facebook and PayPal have invested in the Indonesian ride-hailing and digital payment start-up Gojek, joining other tech …

Warner Music to start trading Wednesday at $25 per share, to raise $1.9 bln

Jun 03 2020

Warner Music said its stock would start trading Wednesday at $25 per share and raise more than $1.9 billion in its hotly …

Recovery hopes fire fresh rally for stocks

Jun 03 2020

Growing optimism about a swift global economic recovery pushed equity markets higher Wednesday, as investors took heart …

BoE tells banks to prepare for no-deal Brexit

Jun 03 2020

The Bank of England on Wednesday urged Britain's retail lenders to prepare for the potential failure of EU-UK …

Recovery hope fires fresh rally in equities, but concerns remain

Jun 03 2020

Growing optimism about the global economic recovery pushed equity markets even higher Wednesday as investors took heart …

Australia heading for recession after economy contracts

Jun 03 2020

Australia is heading for its first recession in nearly three decades after the economy shrunk in the January-March …

S. Korea's self-driving upstarts take on tech giants

Jun 03 2020

In a workshop that blends a corporate office with a tool-packed garage, around 20 South Koreans are looking to take on …

Amid pandemic, White House race becomes digital dogfight

Jun 03 2020

The 2020 US presidential race is becoming a digital-first campaign as the coronavirus pandemic cuts candidates off from …

Grindr to remove ethnicity filter from gay dating app

Jun 03 2020

Grindr plans to remove an ethnicity filter from the next version of its gay dating app in a show of solidarity with the …

Pandemic could cost Australian universities $11 bn: lobby group

Jun 03 2020

Australian universities could lose up to US$11 billion dollars as an indefinite coronavirus border closure locks out the …

Zoom earnings soar as video meets become pandemic norm

Jun 03 2020

Zoom on Tuesday reported that its earnings soared as its video-meeting service became a popular way to work or socialize …

Warner Music Group primed for imminent public offering

Jun 03 2020

Warner Music Group, one of the globe's "big three" recording companies, is set to proceed with its initial public …

UK mulls 'air bridges' with low-risk countries

Jun 02 2020

Britain confirmed Tuesday it was looking at establishing "air bridges" with countries with low rates of coronavirus, …

Stock markets rise as economies shake off lockdowns

Jun 02 2020

World stock markets rose Tuesday as coronavirus lockdowns were relaxed, with investors shrugging off mass protests in …

Activists rip Facebook's Zuckerberg over Trump comments

Jun 02 2020

Civil rights activists Tuesday slammed as "incomprehensible" Facebook chief Mark Zuckerberg's justification for allowing …

US says will investigate nations with digital services tax

Jun 02 2020

US President Donald Trump's administration on Tuesday announced investigations into foreign digital services taxes it …

More than words? Racial unrest raises questions for Corporate America

Jun 02 2020

As the US grapples with an escalating racial justice crisis on top of a public health emergency, Corporate America faces …

Russia unveils $72-billion virus recovery plan

Jun 02 2020

Russia unveiled a $72 billion recovery plan for its economy badly hammered by the coronavirus pandemic, vowing to boost …

German divisions on show over new virus stimulus package

Jun 02 2020

Talks on a fresh round of stimulus measures to reboot Germany's post-coronavirus economy looked set to stretch into …

Post-Brexit trade talks resume but little sign of breakthrough

Jun 02 2020

Trade negotiators from Britain and the EU embarked on a fourth round of post-Brexit negotiations Tuesday, but no-one in …

EU embarks on overhaul of big tech rules

Jun 02 2020

The EU on Tuesday began an intense lobbying season in Brussels as it prepares to overhaul decades-old rules to keep a …

France slams Ryanair 'blackmail' over job ultimatum

Jun 02 2020

France on Tuesday denounced as "blackmail" an ultimatum from low-cost carrier Ryanair for its French employees to choose …