Business and Tech

Trump vows to block any TikTok deal that allows Chinese control

AFP - 17m ago

A deal to restructure ownership of the popular video app TikTok was thrown into doubt Monday by President Donald Trump, …

Coronavirus drives overhaul of troubled British rail sector

AFP - 18m ago

Britain's government on Monday handed further financial support to the country's privatised railway sector badly …

Founder of truck maker Nikola resigns after fraud allegations

AFP - 45m ago

Shares of embattled auto startup Nikola were under renewed pressure Monday following the sudden resignation of company …

Trump vows to block any TikTok deal allowing Chinese control

AFP - 1h ago

President Donald Trump on Monday threw into doubt a deal to restructure ownership of the popular video app TikTok, …

Global stocks tank on fears of second coronavirus wave

AFP - 1h ago

World equity markets tanked Monday, losing around three percent as investors fretted over mounting fears of a second …

Partial virus lockdown in Madrid as US deaths near 200,000

AFP - 3h ago

A million people in and around the Spanish capital on Monday were under a new lockdown to contain another coronavirus …

Airbus aims for hydrogen-powered plane by 2035

AFP - 3h ago

Airbus is aiming to put the world's first hydrogen-powered commercial plane into service by 2035, the European aircraft …

Coronavirus sparks overhaul of Britain's historic railway sector

AFP - 3h ago

Britain's privatised railway sector that drove the Industrial Revolution and was rescued by the state in March owing to …

European stocks tank on fears of second coronavirus wave

AFP - 3h ago

Europe's top equity markets tumbled by 3.0 percent Monday, as investors fretted over mounting fears of a second wave of …

Facebook launches new campaign to encourage voting

AFP - 6h ago

Facebook is launching a new initiative this week to encourage Americans to vote in the upcoming presidential election, …

HSBC shares hit 25-year low on report of China 'unreliable list'

AFP - 7h ago

Shares in banking giant HSBC plunged to a 25-year low Monday on fears it could be added to a Chinese list of firms …

Asian markets weighed by virus spikes and stimulus gridlock

AFP - 2h ago

Most Asian markets fell Monday following another disappointing performance on Wall Street with investors concerned about …

Britain overhauls virus-hit privatised rail sector

AFP - 2h ago

Britain launched Monday a radical overhaul of its coronavirus-plagued privatised rail sector that will see franchises …

Judge halts WeChat download ban in US-China tech battle

AFP - 9h ago

A US judge on Sunday blocked the government's ban on WeChat downloads, hours before it was due to take effect in an …

TikTok Global to launch public offering, Chinese parent firm says

AFP - 12h ago

TikTok Global plans to hold a public listing, its Chinese parent company ByteDance said Monday, after announcing a deal …

Richest 1%'s emissions twice that of poorest 50%: analysis

AFP - 15h ago

The richest one percent of people are responsible for more than twice as much carbon pollution as the poorest half of …

Major banks moved vast sums of illicit money: ICIJ

AFP - 15h ago

Massive sums of allegedly dirty money have flowed for years through some of the world's largest banking institutions, …

Shut UK nightclubs worry about not seeing light of day

Sep 20 2020

Inside a former London newspaper printing factory turned nightclub, a roaming urban fox has replaced throngs of dancers …

Palantir listing may shine light on secretive Big Data firm

Sep 20 2020

Perhaps the most secretive firm to emerge from Silicon Valley, Palantir Technologies is set for a stock market debut …

Trump touts 'fantastic' TikTok deal with Walmart and Oracle

Sep 19 2020

Popular video app TikTok announced Saturday it has proposed an agreement with Oracle as its US technology provider and …

China launches sanctions regime after US moves on TikTok, WeChat

Sep 19 2020

China on Saturday launched a mechanism that would allow it to sanction foreign companies, upping the ante in a tech war …

Millions of US users to be hit by WeChat block

Sep 19 2020

Washington's crackdown on WeChat will disrupt communications between millions of people in the United States and their …

South African rugby franchise Southern Kings placed in liquidation

Sep 19 2020

South African franchise the Southern Kings have been placed in liquidation due to a 55 million rand ($3.35 mn/2.84 mn …

In California, Wi-fi minivans help disadvantaged students

Sep 19 2020

A minivan with a Wi-fi router attached to the dashboard and a satellite antenna on the roof is helping 200 disadvantaged …

Senior US diplomat wraps up Taiwan visit as China flexes muscle

Sep 19 2020

A top US diplomat attended the funeral for former Taiwan president Lee Teng-hui Saturday which featured a eulogy by …

WeChat, TikTok ban is test for open internet, free expression

Sep 19 2020

The US ban on Chinese-owned apps WeChat and TikTok sets up a pivotal legal challenge on digital free expression with …

China launches counter-mechanism to US sanctions list

Sep 19 2020

China said Saturday it had launched a mechanism enabling it to restrict foreign entities, a much-anticipated move seen …

US to ban TikTok downloads, block WeChat use

Sep 19 2020

The United States on Friday ordered a ban on downloads of popular video app TikTok and effectively blocked the use of …

Google briefly removes India payments app for betting violations ahead of IPL

Sep 19 2020

Google Friday removed one of India's biggest digital payment apps for several hours from its online store for breaching …

US TikTok users prepare for a possible exit from platform

Sep 19 2020

American TikTok users reacted with a collective shrug Friday to the US move to ban new downloads of the video-sharing …

Global stocks mostly fall as coronavirus dogs sentiment

Sep 18 2020

Global stock markets concluded the week on a lackluster note Friday as investors fretted over renewed coronavirus …

Trump woos farmers with promise of $14 bn in pandemic aid

Sep 18 2020

In a bid to win over voters in US farm states, President Donald Trump announced up to $14 billion in aid to farmers and …

US Fed official warns against inflation 'ghost stories'

Sep 18 2020

The Federal Reserve has been too cautious in its recent policy shift allowing higher prices to boost employment, one US …

Equity markets pallid as coronavirus dogs sentiment

Sep 18 2020

Global markets had a pallid end of week hue Friday as investors fretted over renewed coronavirus restrictions, the …

TikTok and WeChat: Chinese apps dogged by security fears

Sep 18 2020

The US Commerce Department has ordered app stores to remove popular Chinese-owned video sharing app TikTok and the …

Could PlayStation 5 and Xbox Series X be swan song for consoles?

Sep 18 2020

The upcoming release of a ninth generation of games consoles by Sony and Microsoft is set to be a sales slam dunk with …

Google removes India payments app for betting violations ahead of IPL

Sep 18 2020

Google Friday removed one of India's biggest digital payment apps from its online store for breaching gambling rules, a …

US to ban TikTok downloads, WeChat use from Sunday

Sep 18 2020

The United States on Friday ordered a ban on downloads of popular Chinese-owned video app TikTok and use of the …

Who's still in the running for WTO leadership?

Sep 18 2020

After Friday's first round of eliminations, here are penpics of the five candidates still in the running to become the …

Equity markets mixed as coronavirus dogs sentiment

Sep 18 2020

Asian and European markets traded mixed Friday with investors anxious over the reimposition of coronavirus restrictions, …

ECB's Lagarde says business needs more women leaders

Sep 18 2020

European Central Bank President Christine Lagarde said Friday that there are still too few women in top jobs, and that …

Man 'asleep' in speeding self-driving car charged in Canada

Sep 18 2020

A driver who allegedly set his car to autopilot and then took a nap as it broke the speed limit on a rural Canadian …

Equity markets mixed as stimulus row dents optimism

Sep 18 2020

Asian and European markets were mixed Friday but investors are struggling to reignite the rally that has characterised …

Midas touch: Singapore exchange touts gold to the masses

Sep 18 2020

Fancy owning your own gold bars that you can admire and take selfies with?

Equity markets mixed stimulus row dents optimism

Sep 18 2020

Asian and European markets were mixed Friday but investors are struggling to reignite the rally that has characterised …

LSEG in exclusive talks to sell Milan exchange to Euronext

Sep 18 2020

The London Stock Exchange Group said Friday that it has entered "exclusive" talks to sell Milan's Borsa Italiana to …

Apple to open its first India online store

Sep 18 2020

Apple will launch its first online store in India next week, the Silicon Valley giant said Friday, hoping to cash in on …

APT41, the China-based hacking operation spanning the world

Sep 18 2020

A global hacking collective known as APT41 has been accused by US authorities of targeting company servers for ransom, …

Australian newswire gets government bailout

Sep 18 2020

Australia's struggling national newswire was promised a Aus$5 million (US$3.7 million) government bailout on Friday, …

Anonymous site ramps up 'doxxing' campaign against HK activists

Sep 18 2020

Since her personal phone number was posted online, Hong Kong pro-democracy activist Carol Ng has received menacing calls …

As deadline looms, scramble on TikTok deal structure

Sep 18 2020

Amid a looming deadline set by President Donald Trump, negotiators scrambled to find a new ownership structure for the …

Asian markets drift as rally stalls, stimulus row dents optimism

Sep 18 2020

Asian markets were mixed Friday as investors struggled to reignite the rally that has characterised much of the past six …

Pompeo pitches US business over China in Suriname, Guyana

Sep 18 2020

US Secretary of State Mike Pompeo on Thursday made a direct pitch for fast-growing Suriname and Guyana's new leaders to …

Facebook moves to cool hot talk on worker message board

Sep 18 2020

Facebook on Thursday said it is updating workplace policy to prevent clashes over politics, racial justice or the …

Moderna shares Covid-19 vaccine trial blueprints, Pfizer follows

Sep 18 2020

US biotech firm Moderna, one of nine companies in the late stages of clinical trials for a Covid-19 vaccine, became the …

Dairy giant Fonterra posts huge profit after revamp

Sep 18 2020

New Zealand dairy giant Fonterra posted a bumper annual profit Friday, putting the world's largest dairy exporter back …

Twitter tightens security for politicians and journalists

Sep 18 2020

Twitter on Thursday said it is tightening security of high-profile politicians, campaigns and journalists as a "critical …

Global stocks fall amid central bank caution, oil prices gain

Sep 17 2020

Global stocks fell Thursday as markets digested cautious outlooks from central banks, while oil prices rallied again as …

Poland proposes billion-euro EU fund for Belarus

Sep 17 2020

Poland on Thursday proposed an EU stabilisation fund for Belarus worth at least one billion euros ($1.2 billion), as a …

Spain's CaixaBank, Bankia green light mega merger

Sep 17 2020

Directors from CaixaBank and Bankia Thursday approved their merger into Spain's biggest lender in a move which will …

US jobless claims decline only slightly as aid deadlock persists

Sep 17 2020

New claims for US jobless benefits inched down last week, but not by much, as a brief outburst of optimism about a new …

Chile court shuts gold mine over environmental fears

Sep 17 2020

Chile's environmental court confirmed Thursday a final order to close Canadian company Barrick Gold's huge Pascua Lama …

Facebook to curb private groups spreading hate, misinformation

Sep 17 2020

Facebook on Thursday said it is cracking down on private groups where hate or misinformation is shared among members.

US airlines lobby White House for another round of federal aid

Sep 17 2020

The chiefs of majors US airlines converged on the White House Thursday to advocate for another round of federal support …

Fed warning sends stocks scurrying

Sep 17 2020

Stock markets slid around the world on Thursday after the head of the US Federal Reserve warned about the "uncertain" …

Card finally trumps cash in Germany as virus prompts change

Sep 17 2020

Card payments will surpass cash transactions for the first time in Germany in 2020 as the pandemic changes shoppers' …

Cities press EU for tougher laws governing Airbnb rentals

Sep 17 2020

An alliance of 22 European cities urged the EU on Thursday to enact tougher rules on Airbnb and other short-term holiday …

Banksy loses trademark case over the 'Flower Thrower'

Sep 17 2020

British street artist Banksy has lost a two-year trademark battle with a greetings card company over his 'Flower …

Spain's CaixaBank, Bankia meet to ink mega merger

Sep 17 2020

Directors from CaixaBank and Bankia meet Thursday to approve their merger into Spain's biggest national lender in a move …

US weekly jobless claims decline slightly to 860,000

Sep 17 2020

New claims for US jobless benefits continued inching down last week, the Labor Department said Thursday, though at …

US housing starts slow in August after July surge

Sep 17 2020

US homebuilding projects started in August slowed after their massive jump in July, with half the country posting …

Premier League agrees new broadcast deal in China with Tencent

Sep 17 2020

The Premier League announced on Thursday that it had agreed a new broadcast deal in China for the rest of the season …

Norwegian Air to cut emissions by 45% by 2030

Sep 17 2020

Low-cost carrier Norwegian Air Shuttle said Thursday it planned to slash CO2 emissions by 45 percent by 2030 and reduce …

Global stock markets fall on Fed warning

Sep 17 2020

Europe's stock markets sank Thursday, taking their cue from earlier losses in Asia after the head of the US Federal …

PlayStation 5 launch sets up Xbox head-to-head

Sep 17 2020

Sony's eagerly awaited PlayStation 5 will launch in November, setting up a holiday-season battle with rival console Xbox …

S.Sudan's Kiir sacks finance minister amid deepening economic woes

Sep 17 2020

South Sudan's president, Salva Kiir, has fired the finance minister, the head of the tax authority as well as the …

Bank of Japan maitains policy, says economy slowly reviving

Sep 17 2020

Japan's central bank on Thursday said it would maintain its ultra-loose monetary policy as the virus-hit economy …

Asia stocks slip as Fed warns of 'uncertain' outlook

Sep 17 2020

Asian markets mostly dropped Thursday following a broadly negative lead from Wall Street after the head of the Federal …

China hails Xinjiang jobs success as criticism mounts

Sep 17 2020

China lauded the success of its vocational and jobs schemes in the troubled Xinjiang region on Thursday, just days after …

New Zealand plunges into recession as economy shrinks record 12%

Sep 17 2020

New Zealand plunged into recession for the first time in a decade Thursday, as data confirmed a record-breaking economic …

Australian unemployment falls, raising recovery hopes

Sep 17 2020

Australia's unemployment rate fell slightly to 6.8 percent in August, spurring hopes that the worst of a …

Trump says no TikTok deal yet amid security concerns

Sep 17 2020

President Donald Trump said on Wednesday he wasn't ready to approve a deal for an American company to partner with …

Boeing MAX crashes 'horrific' result of lapses by company, regulator

Sep 17 2020

Congressional investigators blamed two deadly Boeing 737 MAX crashes on "repeated and serious failures" by the company …

Environmental groups, big ag unite for Amazon in Brazil

Sep 17 2020

An unprecedented coalition of 230 environmental groups and Brazilian agrobusiness companies have sent an open letter to …

New Zealand economy shrinks record 12%, enters recession

Sep 16 2020

New Zealand's economy posted a record fall in the June quarter, according to official data Wednesday that also confirmed …

PlayStation 5 console to launch in November

Sep 16 2020

Sony's eagerly awaited PlayStation 5 will launch in November, taking on a new offering by console rival Xbox as video …

Global stocks mixed as Fed vows to keep interest rates low

Sep 16 2020

Global stocks were mixed Wednesday as the Federal Reserve kept interest rates low, while crude prices shot higher as a …

IMF approves release of $1 bn for Angola amid Covid-19 downturn

Sep 16 2020

The IMF on Wednesday approved release of another $1 billion in lending for Angola as its economy struggles with the …

US Fed says outlook uncertain, stimulus 'essential'

Sep 16 2020

The Federal Reserve pledged Wednesday to keep boosting the US economy with low rates to help recover the tens of …

Facebook plans Ray-Ban smart glasses as it eyes AR

Sep 16 2020

Facebook on Wednesday announced it would launch its own smart glasses next year which connect to smartphones as part of …

EU chief pledges green recovery from corona crisis

Sep 16 2020

EU chief Ursula von der Leyen vowed Wednesday that Europe would lead the global search for a coronavirus vaccine while …

Fur flies in Poland over animal rights law

Sep 16 2020

Polish fur farmers and kosher meat producers protested in Warsaw on Wednesday against new legislation going through …

Luxury grocers Fauchon to close two Paris outlets

Sep 16 2020

Fauchon, one of France's most luxurious food outlets, is to close two flagship shops in Paris, blaming the combined …

Spotify steps up antitrust war over Apple One bundling

Sep 16 2020

Sweden's global number one music streamer Spotify is urging EU competition authorities to probe Apple's One bundled …

Amazon cranks up its music service with podcasts

Sep 16 2020

Amazon on Wednesday added podcasts to its streaming music service, tapping into a trend and taking on rivals including …

Fed seeks to offer reassurance amid push for new US stimulus

Sep 16 2020

Armed with a new interest rate strategy, the Federal Reserve will seek to reassure the US economy rattled by the …

Pound fights back as markets wait on Fed

Sep 16 2020

Investors trod a cautious path with their immediate focus on the Federal Reserve's latest meeting Wednesday as world …

US announces charges against Chinese, Malaysian hackers

Sep 16 2020

The US Justice Department on Wednesday announced charges against five Chinese nationals and two Malaysians who ran …

French government urged to speed up medical cannabis trials

Sep 16 2020

French deputies on Wednesday urged President Emmanuel Macron's government to stop dragging its feet over testing …

Uber safety driver in autonomous car charged in 2018 fatality

Sep 16 2020

An Uber safety driver at the wheel of an autonomous car during a 2018 accident in Arizona that killed a pedestrian has …

Zara owner Inditex bounces back from virus slump

Sep 16 2020

Spanish textile titan Inditex, owner of global fashion retailer Zara, said Wednesday that it swung back into profit in …

Global equities waver before Fed policy meeting

Sep 16 2020

World stocks were short on inspiration Wednesday as investors trod a cautious path, with their immediate focus on the …