Business and Tech

Stocks mostly advance but vaccine stocks hit

AFP - 29m ago

European and US equities moved mostly higher on Thursday as encouraging data provided more indications of the strength …

Chile lawmakers take first step towards new copper mining tax

AFP - 1h ago

Chile's lower house of parliament on Thursday approved a bill seeking to impose an extra tax on sales of copper and …

Biden says US must invest because China 'eating our lunch'

AFP - 1h ago

President Joe Biden warned Thursday that Congress needs to adopt his multi-trillion dollar spending plans to renew the …

Boeing's troubled Starliner capsule now aiming for July launch

AFP - 3h ago

NASA and Boeing are now targeting July 30 for an uncrewed test flight of the aerospace company's troubled Starliner …

Facebook fights influence-for-hire campaigns

AFP - 3h ago

Facebook said Thursday that it had taken down nine deceptive online campaigns as marketing firms make a business of …

Support grows for vaccine patent waiver as India deaths hit new record

AFP - 3h ago

International support grew Thursday for a US proposal to waive patents on much-needed coronavirus vaccines, a move …

UK recalls navy vessels as Jersey standoff with France eases

AFP - 4h ago

A tense post-Brexit standoff between France and Britain eased Thursday, as London recalled two navy vessels sent to …

British-French Jersey standoff eases as trawlers withdraw

AFP - 59m ago

French trawlers withdrew from waters around Jersey on Thursday after a protest over post-Brexit fishing rights that led …

gotStocks mostly advance but vaccine stocks hit

AFP - 0m ago

European and US equities moved mostly higher on Thursday with encouraging data providing more indications of the …

Cutting methane emissions key to slowing warming: UN

AFP - 6h ago

Industry could cheaply and easily slash humanity's methane emissions by at least 30 percent in a decade, the United …

Support grows for vaccine patent waiver as India sees record Covid deaths

AFP - 3h ago

International support grew Thursday for a US proposal to waive patents on much-needed coronavirus vaccines, as India …

US jobless claims dip to new pandemic low as vaccines pay off

AFP - 6h ago

New applications for jobless aid in the United States dropped below 500,000 last week for the first time since the …

Stocks in holding pattern despite recovery poised for takeoff

AFP - 2h ago

European and US equities were mixed on Thursday despite encouraging data providing more indication of the strength of …

BoE sees stronger UK growth recovery in 2021

AFP - 8h ago

The Bank of England said Thursday that the UK economy will enjoy a stronger-than-expected recovery this year after the …

New US jobless claims plunged 92,000 last week: govt

AFP - 3h ago

Americans filed 92,000 fewer applications for unemployment aid last week, the government reported Thursday, in the …

Britain, France send ships to Jersey as fishing spat deepens

AFP - 3h ago

Britain and France sent navy and coastal patrol ships to waters near the Channel island of Jersey on Thursday as …

European stocks waver after recovery-driven rally

AFP - 3h ago

European equities wobbled Thursday after the previous day's recovery-driven gains, as investors eyed both an interest …

Air France-KLM pins hopes on summer after huge Covid losses

AFP - 9h ago

Air France-KLM posted huge first-quarter losses on Thursday, pinning its hopes on a better summer to recover as it sees …

Asia-listed pharma firms take a hit on vaccine waiver talk

AFP - 13h ago

Shares in Asia-listed vaccine makers tumbled Thursday after the US backed a plan for a waiver on Covid-19 patent …

Microsoft pledges to store European cloud data in EU

AFP - 11h ago

US tech giant Microsoft pledged Thursday to process and store all European cloud-based client data in the European Union …

Most Asian, European markets lifted by recovery optimism

AFP - 1h ago

Most markets in Asia and Europe rose Thursday as investors welcomed a strong jobs report from the United States that …

Microsoft pledges to store European cloud data in Europe

AFP - 42m ago

US tech giant Microsoft on Thursday pledged to store all European cloud-based client data in Europe amid unease on the …

Nintendo logs record pandemic profit but outlook cautious

AFP - 14h ago

Nintendo reported a record annual profit Thursday after virus lockdowns caused sales of its blockbuster Switch console …

China suspends dialogue agreement with Australia

AFP - 14h ago

China on Thursday cut off a channel for diplomatic and trade talks with Australia in a largely symbolic act of fury, …

Most Asian markets lifted by recovery optimism

AFP - 44m ago

Most markets rose in Asia on Thursday as investors welcomed a strong jobs report from the United States that reinforced …

Volkswagen profits rise but chip shortage impact not over

AFP - 12h ago

German carmaker Volkswagen reported a jump in first quarter profits Thursday but warned that a global shortage of …

China suspends economic accord with Australia

AFP - 1h ago

China on Thursday suspended an economic agreement with Australia, worsening an already-troubled relationship fractured …

Pandemic pushes Air France-KLM deep into red in Q1

AFP - 4h ago

Air France-KLM posted on Thursday huge first-quarter losses and warned that the situation would not improve much in the …

US backs plan to waive Covid-19 vaccine patents

AFP - 12h ago

US President Joe Biden's administration on Wednesday announced support for a global waiver on patent protections for …

Australian regulator moves to block Qantas-Japan Airlines deal

AFP - 20h ago

Australia's competition regulator on Thursday said it would block a pricing, code-sharing and scheduling deal between …

UK sends Navy ships to Jersey as French fishing row escalates

AFP - 10h ago

British Prime Minister Boris Johnson on Wednesday sent two Navy patrol vessels to Jersey over concerns that French …

Touchdown! SpaceX successfully lands Starship rocket

May 05 2021

SpaceX managed to land its prototype Starship rocket at its Texas base without blowing it up on Wednesday, the first …

Uber loss narrows as it hopes to rev shared rides

May 05 2021

Uber on Wednesday reported that it narrowed its quarterly loss by selling its self-driving tech unit and said its …

El Salvador Congress removes tax break for newspapers

May 05 2021

El Salvador's Congress on Wednesday removed a tax break that benefits newspapers -- many of which are harsh critics of …

European, US stocks mostly rise on improving economic data

May 05 2021

Global equities rebounded Wednesday as investors focused on bright earnings and data pointing to an economic recovery, …

Facebook panel member on Trump ban ruling -- and what happens next

May 05 2021

Facebook's independent oversight board said its decision to uphold the platform's ban on Donald Trump was based on …

Biden administration blocks Trump rule on gig workers

May 05 2021

The US Labor Department on Wednesday blocked a rule handed down under former president Donald Trump that would have …

US announces support for Covid-19 vaccine patent waiver

May 05 2021

US President Joe Biden's administration on Wednesday announced its support for a global waiver on patent protections for …

UK govt condemns French threats over post-Brexit fishing

May 05 2021

Britain on Wednesday called French threats to cut off electricity to the Channel Island of Jersey "unacceptable" in an …

Facebook oversight board affirms Trump ban -- for now

May 05 2021

Facebook's independent oversight board on Wednesday upheld a ban on former US president Donald Trump while ordering …

WTO calls for agreement for fair access to Covid jabs

May 05 2021

The World Trade Organization chief called Wednesday for international agreement on how to ensure more equal access to …

Peloton agrees to recall treadmills after child dies

May 05 2021

Exercise equipment maker Peloton on Wednesday announced it had agreed with US safety regulators to recall some of its …

Supermarkets threaten Brazil boycott over deforestation

May 05 2021

Dozens of European food retailers on Wednesday threatened Brazil with a boycott of agricultural products should it pass …

Dow hits new high as brightening outlook cheers markets

May 05 2021

Global equities rebounded Wednesday as investors focused on bright earnings and data pointing to an economic recovery, …

Facebook oversight board upholds Trump ban

May 05 2021

Facebook's independent oversight board on Wednesday upheld a ban on former US president Donald Trump while ordering …

US service sector sees long-awaited relief as economy reopens

May 05 2021

After a year of layoffs and uncertainty, data released on Wednesday showed the US service sector adding jobs and …

EU beefs up powers to curb China as trade deal prospects cool

May 05 2021

The European Commission on Wednesday unveiled new powers to block state-backed companies from making unfair inroads into …

US service sector continues expansion in April, pace slows: survey

May 05 2021

The US service sector last month continued its recovery from the Covid-19 pandemic, according to an industry survey …

GM affirms 2021 outlook despite semiconductor crunch

May 05 2021

General Motors reported higher first-quarter profits and reaffirmed its full-year outlook Wednesday, despite a global …

Brightening outlook pushes markets higher

May 05 2021

Global equities rebounded Wednesday as investors focused on bright earnings and data pointing to an economic recovery.

Facebook oversight board upholds Trump ban, calls for more review

May 05 2021

Facebook's independent oversight board on Wednesday upheld the platform's ban on former US president Donald Trump but …

India G7 delegation in Covid scare as crisis deepens back home

May 05 2021

India's foreign minister was forced to abandon face-to-face G7 meetings on the pandemic in London on Wednesday because …

US economy regains more private jobs in April: survey

May 05 2021

US private firms added 742,000 jobs in April, according to a survey released Wednesday, fewer than expected but …

GM profits rise, affirms 2021 outlook despite semiconductor crunch

May 05 2021

General Motors reported higher first-quarter profits Wednesday and reaffirmed its full-year outlook despite a global …

India authorises 5G trials without Huawei, ZTE

May 05 2021

India has authorised trials of super-fast 5G wireless technology, giving access to international companies with the …

EU beefs up powers to control China investment

May 05 2021

The EU commission on Wednesday unveiled new powers to block state-backed companies making unfair inroads into Europe, as …

European stocks rebound on brightening outlook

May 05 2021

European equities rebounded Wednesday as investors focused on bright data and earnings, despite ongoing Covid fears.

Carmaker Stellantis says output hit by chip shortages

May 05 2021

A global semiconductor shortage hit production at US-European auto giant Stellantis in the first quarter but the owner …

Asia stocks struggle after Yellen spooks Wall St, eyes on US jobs

May 05 2021

Asian markets mostly fell Wednesday after Treasury Secretary Janet Yellen's suggestion that US interest rates might need …

Chinese university campus plan meets resistance in Budapest

May 05 2021

Standing on the proposed new home in Budapest of a top Chinese university, the local district mayor Krisztina Baranyi is …

Nissan to sell entire Daimler stake for $1.4 billion

May 05 2021

Nissan on Wednesday announced the sale of its entire 1.54 percent stake in German auto giant Daimler for around 1.15 …

Asian markets swing after Yellen spooks Wall St, eyes on US jobs

May 05 2021

Asian markets fluctuated Wednesday after Treasury Secretary Janet Yellen's suggestion that US interest rates might need …

Cruises eye smoother waters with vaccines, 'health bubbles'

May 05 2021

With tests, vaccinations and isolation areas, cruise ship companies are hoping for smoother sailing this travel season …

Ruling on Trump ban marks defining moment for Facebook panel

May 05 2021

Facebook's independent oversight board rules Wednesday on the platform's ban of former US president Donald Trump in a …

Facebook's Workplace tool grows as jobs go remote

May 05 2021

Facebook's Workplace business software has grown by about 40 percent in a year to reach seven million paying subscribers …

Pfizer sees Covid-19 as 'durable' revenue stream as profits rise

May 05 2021

Pfizer sharply increased its 2021 profit projections on Tuesday, citing much higher Covid-19 vaccine sales which are on …

Stocks pressured amid fears over inflation, interest rates

May 04 2021

European and US equity markets mostly fell Tuesday, with the Nasdaq slumping on valuation concerns after US Treasury …

US interest rates may have to rise if economy heats up: Yellen

May 04 2021

US interest rates may have to increase "somewhat" to keep a lid on inflation if President Joe Biden's latest spending …

Activision earnings boom on Call of Duty play

May 04 2021

Video game giant Activision Blizzard on Tuesday reported earnings boomed in the first quarter of this year as players …

Wall Street eyes return to normalcy as virus fears recede

May 04 2021

Wall Street edged further towards normalcy on Tuesday as the New York Stock Exchange (NYSE) withdrew some of its …

From icon to pariah: Trump and social media

May 04 2021

Donald Trump was among the most effective politicians at using social media and built a vast following on the major …

Trump ban ruling marks defining moment for Facebook panel

May 04 2021

Facebook's independent oversight board was gearing up Tuesday for a momentous decision on the platform's ban of former …

US pressing Taiwanese firms on semiconductors, Commerce chief says

May 04 2021

The United States is pressuring Taiwanese semiconductor manufacturers to allocate some of their supply to American …

Lebanon, Israel hold talks over maritime border

May 04 2021

Lebanon and Israel held US-mediated negotiations over their disputed maritime border on Tuesday after a months-long …

Twitter bolsters subscription plans with ad-free news

May 04 2021

Twitter on Tuesday said it is buying Scroll and its ad-free news app to bolster a coming subscription service, and …

How will Bill and Melinda Gates' divorce impact their charity?

May 04 2021

The shock announcement that billionaire philanthropists Bill and Melinda Gates are to divorce after 27 years of marriage …

US interest rates may have to rise as economy grows: Yellen

May 04 2021

US interest rates may have to increase "somewhat" to keep a lid on the economy if President Joe Biden's latest spending …

Defining moment for Facebook oversight panel with Trump ban ruling

May 04 2021

Facebook's independent oversight board was set for a momentous decision on the platform's ban of former US president …

Stocks slide, oil prices rally

May 04 2021

European and US equity markets took a step lower on Tuesday on valuation concerns and worries about renewed US-China …

Red Hot Chili Peppers sell song catalog for $140 mn: Billboard

May 04 2021

The Red Hot Chili Peppers are the latest high-profile act to sell their music publishing rights, in a deal reportedly …

UK, India to start formal FTA talks within months

May 04 2021

Britain and India will begin formal free trade deal talks later this year, the UK government said Tuesday, after they …

Stocks slide, oil prices rally awaiting US jobs data

May 04 2021

Equity markets traded mostly lower Tuesday, as oil prices rallied and the dollar firmed looking ahead to key US jobs …

Pfizer raises 2021 sales forecast for Covid vaccines to $26 bn

May 04 2021

Pfizer sharply increased its projections for 2021 revenues and profits on Tuesday, citing much higher Covid-19 vaccine …

US trade gap widens on rising imports: govt

May 04 2021

Spending by American consumers and record-high imports as the global economy reopened drove the US trade gap to a new …

UK banks slammed over 'hollow' climate stance on coal

May 04 2021

Britain's biggest banks have made "hollow" carbon-reduction pledges and are key financiers of coal, a campaign group …

Danish jewellery maker Pandora drops mined diamonds

May 04 2021

Denmark's Pandora announced Tuesday it would no longer make jewellery using mined diamonds, aiming to create more …

Stocks diverge, oil prices rally awaiting US jobs data

May 04 2021

Equity markets traded mixed Tuesday, as oil prices rallied and the dollar firmed looking ahead to key US jobs data later …

Uber joins UK tech firm to make electric ride-hailing car

May 04 2021

Uber has teamed up with UK technology startup Arrival to create an electric car for the app-based US ride-hailing firm …

Saudi Aramco Q1 profits jump 30% on oil market recovery

May 04 2021

Energy giant Saudi Aramco on Tuesday posted a 30 percent jump in first quarter profits, beating forecasts in a sign of …

Egypt buys 30 Rafale fighter jets from France

May 04 2021

Egypt's military has confirmed it ordered 30 Rafale jets from French defence firm Dassault Aviation to shore up …

Vivendi, Mediaset end feud over failed Netflix rival in Europe

May 04 2021

French media conglomerate Vivendi and Italian rival Mediaset have agreed to bury the hatchet in their long-running legal …

Lebanon, Israel talks resume over maritime border

May 04 2021

Lebanon and Israel resumed US-mediated negotiations over their disputed maritime border on Tuesday after a months-long …

Asian markets mixed as traders eye US jobs data

May 04 2021

Equity markets were mixed in Asian trade Tuesday as investors bide their time ahead of the release of key US jobs …

Bill and Melinda Gates to divorce after 27 years

May 04 2021

Billionaire philanthropists Bill and Melinda Gates have announced they are divorcing after 27 years of marriage, raising …

Bill and Melinda Gates announce divorce after 27 years

May 04 2021

Microsoft founder Bill Gates and his wife and fellow philanthropist Melinda announced on Monday they are divorcing after …

Economic downturn fueling Argentine crypto craze

May 04 2021

Argentina's economic downturn, with high inflation, a deflating currency and a shortage of US dollars to invest in, has …

Bill and Melinda Gates: a duo undone

May 04 2021

From muddy streets in South Africa's townships to cocktail parties at Davos -- Bill and Melinda Gates came as a pair.

Under Armour to pay $9 mn to settle charges of revenue misdirection

May 04 2021

American athletic apparel company Under Armour on Monday agreed to pay $9 million to settle charges by US financial …

Apple, Epic in heated US court clash over app market

May 03 2021

Fortnite maker Epic Games and Apple clashed in court Monday at the opening of a blockbuster trial on the iPhone maker's …

European and US stocks mostly rise as market weighs inflation risk

May 03 2021

European and US stocks mostly rose Monday on optimism over increasing economic momentum, but fell in Asia as investors …

Argentina raises over $2-bn with one-off Covid wealth tax

May 03 2021

Argentina raised more than $2 billion with a one-off wealth tax to pay for medical supplies and relief for small …

US to grow 7% this year, fastest since 1980s: Fed's Williams

May 03 2021

The US economy is likely to expand by seven percent this year as it bounces back from the Covid-19 pandemic, its fastest …