Business and Tech

Canada's Trudeau denies giving ground on aluminum in USMCA

AFP - 1h ago

Canada's Prime Minister Justin Trudeau on Wednesday denied charges that he sacrificed the nation's aluminum industry to …

YouTube bans 'implied' threats

AFP - 1h ago

YouTube broadened its anti-harassment policies on Wednesday to include a ban on "implied" threats along with insults …

White House advisor uses alter ego in policy memo: report

AFP - 1h ago

A top White House trade policy advisor is using his fictional alter ego to drive discussions about the dispute with …

Fiat Chrysler workers approve new US contract

AFP - 2h ago

Workers at Fiat Chrysler approved a new labor contract on Wednesday that includes a $9,000 signing bonus, completing a …

Sterling rebounds on eve of UK election

AFP - 2h ago

The pound bounced back on Wednesday ahead of a British general election, even though a fresh poll predicted Prime …

Greta slams 'misleading' climate pledges at chaotic UN summit

AFP - 2h ago

Swedish activist Greta Thunberg accused rich countries of "misleading" people over climate action at UN talks in Madrid …

US aviation chief says Boeing 737 MAX won't be recertified until 2020

AFP - 2h ago

The top US air transport regulator on Wednesday doused Boeing's hopes that its 737 MAX will return to the skies this …

EU leader urges MEPs to back green growth plan

AFP - 3h ago

The EU's top official Wednesday launched the bloc's new "Green Deal", hailing it as a strategy for jobs and economic …

US Fed says will focus on low inflation, global economy

AFP - 4h ago

The Federal Reserve kept its key lending rate unchanged on Wednesday but said it will turn its sights to low inflation …

Iran says repelled a 'highly organised cyber attack'

AFP - 6h ago

An Iranian minster said Wednesday the Islamic republic had recently thwarted a "highly organised cyber attack" targeting …

From the grave, revered ex-Fed chief issues Trump-era warning

AFP - 7h ago

In an essay published posthumously on Wednesday, revered former Federal Reserve chief Paul Volcker issued a dire warning …

First commercial electric plane takes flight in Canada

AFP - 7h ago

The world's first fully electric commercial aircraft took its inaugural test flight on Tuesday, taking off from the …

China pressing Faroe Islands to use Huawei 5G system: media

AFP - 9h ago

China's ambassador to Denmark has pressured the Faroe Islands to hire telecommunications giant Huawei to build a 5G …

US Fed to hold steady at final 2019 meeting

AFP - 9h ago

The Federal Reserve resumed its final policy meeting of 2019 on Wednesday, with markets overwhelmingly expecting the …

Sterling slides on eve of UK election

AFP - 7m ago

The British pound bounced back Wednesday ahead of a UK general election, even as a fresh poll predicted Prime Minister …

Saudi Aramco shares rocket on debut after record IPO

AFP - 10h ago

Saudi Aramco's shares soared on their debut on the domestic stock exchange Wednesday, becoming the world's biggest …

US housing, medical care prices drive inflation to 12-month high

AFP - 10h ago

A bump up in costs for housing and medical care drove US inflation in November up at the fastest pace in a year, while …

Austrian court strikes down 'Trojan horse' surveillance law

AFP - 9h ago

Austria's Constitutional Court on Wednesday struck down parts of a law passed by the previous government which would …

Climate pledges 'misleading', Greta tells UN meet

AFP - 3h ago

Swedish activist Greta Thunberg on Wednesday accused wealthier nations of inventing ways to avoid slashing their …

Credit Suisse vows to stop financing new coal-fired power plants

AFP - 9h ago

Credit Suisse announced Wednesday that it will no longer finance any new coal-fired power plants as the financial sector …

25 billion reasons: Why Saudi is listing its crown jewel

AFP - 11h ago

Saudi oil giant Aramco's valuation soared to $1.88 trillion on Wednesday as it hit the domestic stock exchange after the …

Trade turbulence pushes airline profits lower

AFP - 11h ago

Global trade tensions have sent airline profits into a descent, the industry's trade association said Wednesday, and …

Qatar lists 'blockade' busting dairy farm on market

AFP - 8h ago

Baladna farms, which has led Qatar's charge for food self-sufficiency following a regional economic embargo, listed on …

Aramco listing boosts Saudi bourse into world's elite

AFP - 8h ago

Saudi stock exchange Tadawul, already the largest Arab bourse, has been catapulted into the global top ten with the …

Saudi Aramco: from 'Prosperity Well' to energy giant

AFP - 8h ago

From its beginnings in 1938 when it first struck oil with the aptly named "Prosperity Well", Saudi Arabia's energy giant …

Asian markets mostly up but trade jitters keep investors on edge

AFP - 3h ago

Asian markets mostly rose Wednesday but investors are growing nervous at the lack of news on China-US trade talks, with …

Saudi Aramco shares soar maximum 10% on market debut

AFP - 21m ago

Saudi Aramco shares soared 10 percent to the daily limit on their trading debut on the Saudi stock exchange Wednesday, …

Asian markets struggle for traction as trade concerns fester

AFP - 1h ago

Asian markets mostly rose Wednesday but investors are growing nervous at the lack of news on China-US trade talks, with …

Saudi Aramco shares to begin trading after world's biggest IPO

AFP - 42m ago

Saudi Aramco's shares begin trading on the domestic stock market Tadawul on Wednesday, after the energy behemoth …

As strike drags on, French government to unveil pension plan details

AFP - 9h ago

The French government will unveil the details of a pension reform plan Wednesday that has already seen workers down …

Germany on alert as swine fever nears border

AFP - 12h ago

Sniffer dogs, drones and electrified fences: Germany is deploying a full array of defences to stop boars from bringing …

Financial markets embrace brave new world of AI

AFP - 10h ago

Artificial Intelligence has spread rapidly across markets in recent years as traders constantly strive to gain the upper …

Partisan news outlets seek to fill void in US 'news deserts'

AFP - 7h ago

Open the website of the Kalamazoo Times of Michigan and you will see a smattering of articles such as might be found on …

US, Mexico, Canada finalize trade deal

AFP - 12h ago

The United States, Mexico and Canada signed a deal Tuesday to finalize their new trade agreement, paving the way to …

Facebook firm on message encryption despite pressure

AFP - 13h ago

Facebook said Tuesday it plans to move ahead with strong encryption for all its messaging applications, claiming that …

Chevron slashes asset value by $10-$11 bn on low oil, gas prices

Dec 10 2019

Chevron announced Tuesday it will slash the value of its assets by $10 billion to $11 billion due to weaker oil and …

Stock markets nervous as US tariff deadline nears

Dec 10 2019

Key stock markets were soft on Tuesday and the dollar faltered as nervousness reigned surrounding China-US trade talks …

US fines HSBC's private Swiss arm $192.4 mn over tax dodging

Dec 10 2019

HSBC's Swiss private banking arm has agreed to fork over nearly $200 million in unpaid taxes, improper fees and fines …

US arrests three in alleged $722 mn cryptocurrency fraud

Dec 10 2019

US authorities arrested three men in an alleged fraud that raised $722 million from investors lured by fake bitcoin …

US, Mexico, Canada sign deal finalizing trade agreement

Dec 10 2019

The United States, Mexico and Canada signed a deal Tuesday to finalize their new trade agreement, paving the way to …

USMCA: What are the changes in the new trade deal?

Dec 10 2019

A year after signing a new regional free trade pact, the United States, Mexico and Canada have agreed to key changes to …

New York judge sides with Exxon Mobil in climate fraud case

Dec 10 2019

A New York judge sided with Exxon Mobil on Tuesday in a closely-watched environmental case, concluding the oil giant did …

US, Mexico, Canada to sign deal finalizing trade agreement

Dec 10 2019

The United States, Mexico and Canada are expected to sign a deal Tuesday finalizing their new trade agreement, capping …

US Fed opens final 2019 meeting; no rate move expected

Dec 10 2019

The Federal Reserve on Tuesday opened its final policy meeting of 2019, with markets overwhelmingly expecting the …

WTO chief details bid to save appeals panel

Dec 10 2019

The head of the World Trade Organization said Tuesday that he intends to put new issues "on the table" in negotiations …

US, China working to delay Dec 15 tariffs: report

Dec 10 2019

US and Chinese officials are working on a deal to postpone tariffs set to hit Chinese imports in five days, according to …

French PM warns of long pensions standoff in face of new protests

Dec 10 2019

French Prime Minister Edouard Philippe warned Tuesday of a lengthy battle over the government's pension reforms, as …

Ryanair to keep Spain base open but cuts hours, wages: union

Dec 10 2019

Irish airline Ryanair has agreed to keep its base in the northeastern Spanish city of Girona open in exchange for …

Amazon lawsuit will not delay $10 bn JEDI contract: Pentagon

Dec 10 2019

The lawsuit filed by Amazon challenging a $10 billion US military cloud computing contract awarded to Microsoft will not …

House leader Pelosi: Revised USMCA much better than original

Dec 10 2019

After months of tense negotiation, US labor leaders and House Democrats have agreed to a modified North American trade …

Rights activists warn on weakening encryption

Dec 10 2019

More than 100 activist organizations, security experts and industry groups warned Tuesday against efforts to force tech …

Nervous stock markets slide as US tariff deadline nears

Dec 10 2019

Stock markets fell Tuesday and the dollar faltered, dragged down by nervousness surrounding China-US trade talks with …

Germany launches new plan for EU financial transaction tax

Dec 10 2019

Berlin on Tuesday unveiled proposals for a new financial transactions tax (FTT), hoping to hurry the project along that …

European stock markets slump, sterling extends dollar-rally

Dec 10 2019

European stock markets slumped Tuesday and the dollar faltered, dragged down by nervousness surrounding China-US trade …

Child's play: Coding booms among Chinese children

Dec 10 2019

Wearing a pair of black-rimmed glasses and a red T-shirt, an eight-year-old Chinese boy is logged in for an online …

Bayer targets climate-neutral business by 2030

Dec 10 2019

German chemical and pharmaceutical giant Bayer said Tuesday it aims to become "climate-neutral" by 2030, slashing or …

Asian markets mostly down as traders eye tariffs deadline

Dec 10 2019

Most Asian markets fell on Tuesday morning with investors keeping a nervous eye on the China-US trade talks with less …

UK pub chain Wetherspoon says to create 10,000 jobs

Dec 10 2019

British pub chain JD Wetherspoon on Tuesday said it would create some 10,000 jobs over four years across the UK and …

Nissan faces $22 million fine for misreporting Ghosn pay

Dec 10 2019

Nissan should be fined $22 million for filing documents that under-reported the compensation of former chief Carlos …

Revving up to a new speed record in the Kalahari

Dec 10 2019

A loud hiss rips through the stillness of southern Africa's Kalahari Desert.

Chinese inflation hits eight-year high as pork prices double

Dec 10 2019

Consumer prices in China accelerated at their fastest pace for almost eight years in November as the African swine fever …

Christmas in Iceland means a 'flood' of books under the tree

Dec 10 2019

In the land of the Sagas, it isn't Christmas if there isn't a deluge of books under the tree -- literally.

USMCA talks in Mexico after Trump says 'very good things' happening

Dec 10 2019

Officials from the US, Canada and Mexico will meet in Mexico on Tuesday for talks on a new continent-wide trade deal …

Asian markets in retreat as traders eye tariffs deadline

Dec 10 2019

Asian markets fell on Tuesday morning with investors keeping a nervous eye on the China-US trade talks with less than a …

Trump: 'Very good things' happening in USMCA talks

Dec 10 2019

President Donald Trump hinted on Monday that efforts to push a new continent-wide trade deal through the US Congress …

Paul Volcker, US Fed chief who led war on inflation, dead at 92

Dec 09 2019

Former US Federal Reserve chairman Paul Volcker, who tackled American inflation in the 1970s and 80s and later lent his …

European, US stock markets hit pause at start of big week

Dec 09 2019

European and US stock markets eased on Monday at the start of a key week for China-US trade hopes and ahead of Britain's …

Canada to follow France lead in taxing digital giants

Dec 09 2019

Canada will impose a levy on internet giants such as Amazon, Google and Facebook similar to France's digital services …

Saudi projects higher 2020 budget deficit, cuts spending

Dec 09 2019

Saudi Arabia passed its 2020 budget on Monday, projecting a widening deficit in the face of tumbling oil prices and …

US, Mexico agree to USMCA labor law guarantees: report

Dec 09 2019

US and Mexican trade negotiators have reached a deal making changes to labor enforcement under a new continent-wide …

Amazon alleges Trump abused power in huge Pentagon contract

Dec 09 2019

Amazon is alleging that US President Donald Trump abused the power of his office to deny the company a massive military …

South Africa's power blackouts intensify

Dec 09 2019

South Africa's debt-laden state power company Eskom on Monday announced it was implementing a more intense electricity …

US manufacturers see higher 2020 sales despite trade cloud

Dec 09 2019

US manufacturers expect a bounce in revenues in 2020 despite lingering unease over trade tariffs that are prompting …

Former US Fed chairman Paul Volcker dies at 92

Dec 09 2019

Former US Federal Reserve chairman Paul Volcker, who tackled American inflation in the 1970s and 80s and later lent his …

Italy proposes new plan to rescue ArcelorMittal steel plant

Dec 09 2019

Italy is negotiating a new plan with ArcelorMittal to save the Taranto steel plant that involves partial state …

Former US Fed Chairman Paul Volcker dies at 92: media

Dec 09 2019

Former US Federal Reserve Chairman Paul Volcker, who tackled American inflation in the 1970s and '80s and later leant …

European, US stock markets kick off key week on back foot

Dec 09 2019

Most European and US stock markets eased on Monday at the start of a key week for China-US trade hopes and ahead of …

Stakes are global as Africa faces 'climate dilemma'

Dec 09 2019

Choices made today on how to grow Africa's economies will determine not only if the continent prospers but if global …

EU opens subsidies for electric battery push

Dec 09 2019

The EU's powerful anti-trust authority on Monday approved billions of euros in subsidies from seven member states as …

European stock markets kick off key week with falls

Dec 09 2019

European stock markets eased on Monday at the start of a key week for China-US trade hopes and ahead of Britain's …

OPEC agrees oil output cuts after much 'brain squeezing'

Dec 09 2019

The powerful OPEC group of oil producers and its allies reached a deal Friday to cut production by 500,000 barrels per …

European companies minimise risks from US-China trade war

Dec 09 2019

European companies in China have been able to minimise the effect from the tariff war between Beijing and Washington, …

Asian markets mixed with US rally unable to inspire

Dec 09 2019

Asian markets were mixed Monday as investors struggled to track a rally on Wall Street that was fuelled by a …

All eyes on Lagarde's ECB debut this week

Dec 09 2019

Christine Lagarde delivers her first monetary policy announcements as ECB president on Thursday, with observers set to …

Mexico rejects US trade deal proposals on steel, aluminum

Dec 09 2019

Mexico's foreign minister said Sunday the country would not accept a US proposal for steel and aluminum production under …

Asian markets rise on strong US jobs data, trade talks in focus

Dec 09 2019

Asian markets mostly rose Monday as investors tracked a rally on Wall Street that was fuelled by a forecast-busting US …

France's Sanofi to buy immuno-oncology specialist Synthorx

Dec 09 2019

French pharmaceutical giant Sanofi said on Monday it had agreed to buy US biotech firm Synthorx to boost its …

Iran unveils budget of 'resistance' against US sanctions

Dec 08 2019

Iran's President Hassan Rouhani announced Sunday a "budget of resistance" against US sanctions targeting the country's …

Built on sand: Dutch find unlikely ally against water

Dec 08 2019

The Netherlands is deploying an unlikely ally as climate change intensifies the low-lying country’s age-old fight …

Namibia vows to change 'status-quo' of white-farm ownership

Dec 08 2019

Vibrant rows of neatly lined plants grow on a patch once trampled by the cattle of a large commercial farm run by a …

Israeli fish farmers give peckish pelicans free lunch

Dec 08 2019

Migratory pelicans have long raided Israeli fish farms, which try to deter them with loudspeakers, laser beams and by …

Detained Canadians in China cut off from the world

Dec 08 2019

Two Canadians who disappeared into China's state security apparatus in what was widely seen as retaliation for the …

US opposition pushes trade court to brink of collapse

Dec 08 2019

The World Trade Organization's capacity to settle international disputes, a core function throughout the body's 25-year …

IMF and Ukraine reach tentative $5.5 bn aid deal

Dec 08 2019

The International Monetary Fund said Saturday it had reached an agreement in principle with Ukraine on a new $5.5 …

US debate on internet liabilty spills over to global trade deals

Dec 08 2019

US lawmakers seeking to rein in Big Tech have been stepping up efforts to limit legal immunity for online services, and …

US Fed to hold fire as economy ends 2019 on a strong note

Dec 08 2019

With the strength of the world's largest economy on display at year end, the US Federal Reserve is all but certain to …

Ryan Reynolds spoofs viral video for cheeky holiday ad

Dec 07 2019

Actor Ryan Reynolds is winning hearts and praise with a cheeky new holiday ad for his Aviation Gin brand.

World Bank to reduce lending to China

Dec 07 2019

The World Bank said Saturday its lending to China has fallen sharply and will continue to be pared back, after US …

PG&E agrees to $13.5 billion payout for deadly California fires

Dec 07 2019

California's Pacific Gas and Electric will pay $13.5 billion to settle lawsuits over its role in a series of wildfires …

Elon Musk cleared of defamation over 'pedo guy' tweet

Dec 07 2019

Tesla co-founder Elon Musk was cleared of defamation on Friday by a jury in Los Angeles over a tweet in which he labeled …

Sweden's Ericsson to pay $1 bn over bribery allegations: US govt

Dec 07 2019

Swedish telecoms firm Ericsson has agreed to pay more than $1 billion to resolve allegations of bribery spanning Asia …

Bolivia's ex-economy minister takes asylum in Mexico

Dec 07 2019

Bolivia's former economy minister, Luis Arce -- credited with steering the country through several years of strong …