Business and Tech

US, EU to agree Airbus-Boeing deal at Biden summit

AFP - 26m ago

US President Joe Biden and the EU will agree a long term truce in the long-running Airbus-Boeing dispute Tuesday, as …

UK, Australia agree post-Brexit free trade deal

AFP - 41m ago

Britain announced Tuesday a major free trade agreement with Australia as London presses on with efforts to strike new …

Equity markets mostly up as traders look ahead to Fed meeting

AFP - 1h ago

Most stock markets rose on Tuesday following a record-breaking day on Wall Street, but traders shifted cautiously ahead …

Emirates airline posts first annual loss in over 30 years

AFP - 2h ago

Dubai-based Emirates airline on Tuesday posted a $5.5 billion annual loss, its first in more than three decades, after …

Emirates airline posts $5.5 bn annual loss, first in over 30 years

AFP - 43m ago

Dubai-based Emirates airline on Tuesday posted a $5.5 billion annual loss, its first in more than three decades, after …

Ikea France faces verdict over employee spying claims

AFP - 3h ago

A French court is to rule Tuesday on claims Swedish furniture giant Ikea set up an elaborate system to illegally spy on …

Biden seeks EU support on China, but trade battles persist

AFP - 3h ago

US President Joe Biden will seek the EU's backing on Tuesday to face the rise of China, but Brussels wants a swift end …

Herders to hoteliers: China lures millions of tourists to Tibet

AFP - 4h ago

In a room warmed by an open wood stove, Baima says her family converted their white-brick house into a hotel as China's …

Asian markets mixed as Wall St fails to inspire before Fed decision

AFP - 4h ago

Most markets were mixed in Asia on Tuesday as traders struggled to track a record-breaking day on Wall Street, with the …

Nord Stream 2 pipeline: controversial and unstoppable

AFP - 7h ago

The soon-to-be-completed Nord Stream 2 pipeline, set to double natural gas supplies from Russia to Germany, has long …

Leaders of embattled startup Lordstown Motors step down

AFP - 9h ago

Shares of Lordstown Motors dove Monday as it announced its top executive had resigned after an investigation concluded …

Premier League clubs suffer losses of nearly £1bn during pandemic

AFP - 9h ago

Premier League clubs reported a cumulative pre-tax loss of almost £1 billion ($1.4 billion) for the coronavirus-hit …

Tech shares lead Nasdaq to record as markets await Fed decision

Jun 14 2021

Major US indices finished at fresh records Monday as global equity markets began the week cautiously ahead of a …

China nuclear plant works to fix issue, ops 'within safety parameters'

Jun 14 2021

Operators of a nuclear power plant in southern China are fixing a "performance issue" at the facility, but the gas …

China nuclear plant operators release gas in bid to fix issue

Jun 14 2021

Gas was deliberately released from a nuclear power plant in southern China as operators work to fix an issue at the …

Stocks diverge ahead of Fed meet

Jun 14 2021

European and US stocks diverged on Monday as investors marked time ahead of a meeting of the Federal Reserve this week …

Stocks mark time looking ahead to Fed meet

Jun 14 2021

Stock markets steadied Monday as investors marked time ahead of a meeting of the Federal Reserve this week that may …

French nuclear firm seeks to fix 'performance issue' at China plant

Jun 14 2021

A French nuclear firm said Monday it was working to resolve a "performance issue" linked to a gas build-up at a plant it …

Stocks climb looking ahead to Fed meet

Jun 14 2021

Stock markets climbed Monday with investors looking ahead to a meeting of the Federal Reserve this week hoping for fresh …

US father-son duo admit helping ex-Nissan chief Ghosn flee Japan

Jun 14 2021

An American father-son duo admitted to helping orchestrate former Nissan chief Carlos Ghosn's audacious escape from …

French nuclear firm seeks to resolve 'performance issue' at China plant

Jun 14 2021

A French nuclear firm said Monday it was working to resolve a "performance issue" at a plant it part-owns in China's …

After fire and floods, Aussie farmers suffer devastating mouse plague

Jun 14 2021

After surviving years of crippling drought, farmers in eastern Australia are locked in a months-long battle with hordes …

Markets mostly up in holiday-thinned Asia trade, eyes on Fed

Jun 14 2021

Asian markets mostly rose Monday during holiday-hit trade, with investors looking forward to the Federal Reserve's next …

US father-son duo admit helping Ghosn flee Japan in Tokyo court

Jun 14 2021

An American father-son duo accused of orchestrating former Nissan chief Carlos Ghosn's audacious escape from Japan …

Toshiba apologises to shareholders after vote probe

Jun 14 2021

Toshiba apologised to shareholders Monday and said it would remove two directors after a probe found the Japanese …

Markets mostly down in holiday-thinned Asia trade, eyes on Fed

Jun 14 2021

Asian markets struggled Monday during holiday-hit trade, with investors looking forward to the Federal Reserve's next …

Key dates in the Carlos Ghosn saga

Jun 14 2021

From his shock detention to an audacious escape from Japan, the rollercoaster saga of former Nissan boss Carlos Ghosn …

Americans accused of helping Ghosn flee face Tokyo trial

Jun 14 2021

An American father-son duo accused of packing former Nissan chief Carlos Ghosn into an audio equipment case so he could …

Judge dismisses vaccine lawsuit from Texas hospital workers

Jun 13 2021

A US judge has thrown out a lawsuit by more than 100 employees of one of Texas's largest hospitals, who sued after being …

Microsoft bolsters video game line-up as Xbox turns 20

Jun 13 2021

Microsoft unveiled Sunday a batch of new titles for Xbox at the world's premier video game trade show, including …

Late-night car crashes drop as partygoers Uber home: US study

Jun 13 2021

The light bulb moment for neurosurgeons came as they conducted patient rounds one morning in 2017.

UK-EU sausage row goes from bad to wurst

Jun 13 2021

UK anger with Europe sizzled on Sunday after a sausage-themed dispute between the British and French leaders over …

Swiss snub synthetic pesticide ban plan

Jun 13 2021

Switzerland on Sunday rejected proposals that would have made it the first European country to ban synthetic pesticides …

Swiss set to reject synthetic pesticide ban

Jun 13 2021

Switzerland seemed on course Sunday to reject proposals to make it the first European country to ban synthetic …

UK's sausage row with EU goes from bad to wurst

Jun 13 2021

UK anger with Europe sizzled on Sunday after a sausage-themed dispute between the British and French leaders over …

Airline industry sees long-term rebound for sector

Jun 13 2021

After flying into the financial turbulence of the Covid pandemic, the airline sector expects passenger traffic to take …

Tax or no tax, UAE aims to remain magnet for investors

Jun 13 2021

Tax advantages paired with a life of luxury have long drawn foreigners and multinationals to the UAE, which is aiming to …

Rare earth metals at the heart of China's rivalry with US, Europe

Jun 13 2021

What if China were to cut off the United States and Europe from access to rare minerals that are essential to electric …

US Fed expected to stand its ground despite rising inflation

Jun 13 2021

Even in the face of rising inflation, the lackluster progress on restoring jobs lost during the pandemic means the US …

More US finance giants tiptoe into cryptoassets

Jun 13 2021

Investing in bitcoin and other digital currencies remains a risky game where the rules could change significantly, but …

Premier E3 video game show kicks off with 'Avatar'

Jun 13 2021

The world's premier video game trade show, E3, kicked off online Saturday, celebrating play that "kept us sane" during …

Johnson warns EU over post-Brexit trade in N.Ireland

Jun 12 2021

UK Prime Minister Boris Johnson on Saturday warned Europe he would suspend a deal for post-Brexit trading arrangements …

EU urges UK to uphold Brexit deal but Johnson defiant

Jun 12 2021

European leaders on Saturday delivered an ultimatum to UK Prime Minister Boris Johnson to keep his word on Brexit to …

Biden, Congress face infrastructure uncertainty

Jun 12 2021

A months-long negotiation on infrastructure between the White House and US lawmakers is coming to a head, with President …

US lawmakers, wary of Big Tech, propose antitrust overhaul

Jun 12 2021

US lawmakers unveiled sweeping antitrust measures Friday aimed at tempering the dominance of Big Tech firms including …

European stocks advance as S&P 500 edges to 2nd straight record

Jun 11 2021

European stock markets closed the week in a bullish mood Friday, while the S&P 500 edged to a second straight record as …

Canada top court unseals murdered tycoon's estate files

Jun 11 2021

Canada's Supreme Court on Friday unsealed the estate files of slain pharmaceutical tycoon Barry Sherman and his wife -- …

EMA chief urges worldwide vaccine access, after G7 vow

Jun 11 2021

The head of the European Medicines Agency told AFP on Friday that all countries must have access to coronavirus …

Stocks diverge as traders weigh inflation spike

Jun 11 2021

European stock markets closed the week in a bullish mood Friday but Wall Street was flat as traders weighed the …

Surf and bitcoin, El Salvador beach town rides crypto wave

Jun 11 2021

The beach town of El Zonte on El Salvador's Pacific coast is a laid back surfer's haven with white beaches, palm trees, …

Germany's Lufthansa fires up 'jumbo' jet to meet Mallorca demand

Jun 11 2021

German airline Lufthansa said Friday it was taking "extraordinary measures" to meet surging bookings for the Spanish …

Norway sees oil in its future despite warnings

Jun 11 2021

Norway, Western Europe's biggest oil producer, plans to continue exploration and drilling in coming decades, the …

South Africa agrees to privatise troubled SAA airline

Jun 11 2021

South Africa's government announced Friday it would sell a majority stake in cash-strapped flag carrier SAA to a …

Stocks rise as traders shrug off inflation spike

Jun 11 2021

US and European stock markets rose Friday as traders shrugged off a spike in US inflation despite previous fears that …

McDonald's says hackers breached data in Taiwan, South Korea

Jun 11 2021

Fast food giant McDonald's on Friday said hackers breached their servers and accessed data from customers in Taiwan and …

UK economy strengthens recovery as virus lockdown eases

Jun 11 2021

Britain's economy gathered pace in April as the government eased its coronavirus lockdown, official data showed Friday, …

Stocks mostly up as inflation spike seen as temporary

Jun 11 2021

Stock markets mostly rose Friday after a record overnight lead from Wall Street as traders bought into Federal Reserve …

Toyota targets carbon-neutral plants by 2035

Jun 11 2021

Toyota, the world's biggest automaker, said Friday it aims to make its production carbon-neutral by 2035, replacing the …

Foreign businesses shocked by rollout of China's anti-sanctions law

Jun 11 2021

China's quick rollout of a law against foreign sanctions has left European and American companies shocked and facing …

China's anti-sanctions law: What we know

Jun 11 2021

A new Chinese law against foreign sanctions is designed to boost Beijing's power against international pressure, but …

Markets mostly up as inflation spike seen as temporary

Jun 11 2021

Most Asian and European markets rose Friday following a record lead from Wall Street as traders bought into the Federal …

Oil demand set to exceed pre-pandemic levels in 2022: IEA

Jun 11 2021

Oil demand is set to rise above pre-pandemic levels by the end of next year, the IEA said Friday, but producers have …

UK economy grows as virus lockdown eases

Jun 11 2021

Britain's economy grew 2.3 percent in April as the government eased a lockdown, official data showed Friday, with …

Chinese ride-hailing app Didi files for New York listing

Jun 11 2021

Ride-hailing giant Didi Chuxing has filed to list its shares in New York, a high-profile move by a Chinese tech firm in …

G7 countries move closer to tax plan for US tech giants

Jun 11 2021

G7 countries that make up lucrative markets for US tech giants have moved closer to a plan to squeeze more tax money …

Cruise lines, eager to go, clash with Florida on vaccines

Jun 11 2021

US-based cruise lines are chafing to resume voyages from Florida ports in July as the pandemic wanes -- but for …

Goldman Sachs orders US staff to report Covid-19 vaccine status

Jun 11 2021

Goldman Sachs has ordered US employees to report their vaccination status as the investment bank orchestrates a return …

Video game maker EA says hackers stole source code

Jun 11 2021

Electronic Arts said Thursday hackers managed to steal source code and other software tools from the video game giant, …

Yellen says 'concerned' debt relief could aid Chinese lenders

Jun 11 2021

US Treasury Secretary Janet Yellen said Tuesday she was concerned that Chinese lenders could benefit from an …

US music publishers sue Roblox for $200 mn over copyright

Jun 10 2021

US music publishers representing artists such as Ariana Grande, Imagine Dragons and the Rolling Stones said Thursday …

S&P 500 ends at record as ECB holds steady on monetary policy

Jun 10 2021

The S&P 500 advanced to a fresh record Thursday as investors shrugged off data showing higher US inflation, while …

Microsoft taking Xbox games directly to TVs

Jun 10 2021

Microsoft on Thursday said it is working on software to let people play Xbox video games on internet-linked televisions …

China passes anti-foreign sanctions law

Jun 10 2021

China on Thursday passed a new law to counter foreign sanctions, as it looks to build its defences against rising US and …

IMF warns of risks after El Salvador adopts bitcoin

Jun 10 2021

A spokesman for the IMF on Thursday warned of the risks of using bitcoin for day-to-day transactions after El Salvador, …

First-ever NFT sells for $1.47 mn at auction

Jun 10 2021

The first non-fungible token (NFT) ever created sold at auction on Thursday for $1.47 million, Sotheby's said, the …

Spike in US inflation fuels debate over economic overheating

Jun 10 2021

US consumer prices spiked last month, with the inflation rate accelerating to the fastest pace in over a decade, adding …

US stocks climb despite sizzling inflation

Jun 10 2021

US stocks pushed higher on Thursday despite data showing inflation rising more than expected which could push …

'Dieselgate' fraud: Timeline of a scandal

Jun 10 2021

French automakers Renault, Citroen and Peugeot are the latest companies to be ensnared in the "dieselgate" scandal -- a …

ECB says 'too early' to remove support despite rebound

Jun 10 2021

European Central Bank chief Christine Lagarde on Thursday said it was "too early" to consider winding down pandemic …

Protests erupt in Sudan after petrol subsidy cuts

Jun 10 2021

Sudanese blocked streets in Khartoum with burning tyres Thursday to protest a government's decision scrapping subsidies …

French carmaker Citroen charged in 'dieselgate' scandal

Jun 10 2021

Citroen became on Thursday the fourth automaker to reveal this week that it has been charged in France in connection …

US billionaires dodge taxes -- and play into Biden's hands

Jun 10 2021

US President Joe Biden's push to get Congress to reform the tax code and ensure the richest Americans pay their "fair …

N.Ireland casts shadow over first Johnson-Biden meeting

Jun 10 2021

US President Joe Biden was set Thursday to warn British Prime Minister Boris Johnson not to imperil peace in Northern …

Biden official speaks to Taiwan minister on trade ties

Jun 10 2021

President Joe Biden's administration held virtual talks Thursday with a Taiwanese minister on boosting commercial ties, …

US jobless claims hit pandemic low again as economy reopens

Jun 10 2021

The reopening US economy pushed weekly filings for jobless benefits to a new pandemic low for the sixth consecutive …

Moderna seeks US authorization for Covid vaccine in teens

Jun 10 2021

American biotech company Moderna said Thursday it was asking the US Food and Drug Administration for an emergency use …

US annual consumer price inflation jumps 5.0% in May: govt

Jun 10 2021

US consumer prices spiked last month, with the inflation rate accelerating to five percent for the 12 months ending May …

Biden drops plan to ban Chinese-owned apps TikTok, WeChat

Jun 10 2021

President Joe Biden has revoked executive orders from his predecessor Donald Trump seeking to ban Chinese-owned apps …

ECB keeps to stimulus course despite stronger economy

Jun 10 2021

The European Central Bank kept its vast pandemic-era stimulus in place Thursday, even as the economic recovery gathers …

Swiss decision day on anti-terror, Covid and environment

Jun 10 2021

Switzerland votes Sunday on a series of hot topics: anti-terror measures, Covid-19 laws and proposals to protect the …

Toshiba sought govt help to influence shareholder vote: probe

Jun 10 2021

Japan's Toshiba sought government help to try and influence a boardroom vote proposed by activist shareholders at its …

Risky undercover work key in ANOM police coup

Jun 10 2021

In bamboozling criminal networks into embracing a bogus encrypted messaging app, police relied on cutting-edge tech to …

Markets steady awaiting ECB, US inflation

Jun 10 2021

European stocks steadied Thursday awaiting the outcome of a monetary policy meeting of the European Central Bank and US …

EU chiefs to tackle Johnson on N.Ireland dispute at G7

Jun 10 2021

Europe's bitter dispute with Britain over post-Brexit trade rules for Northern Ireland will haunt Prime Minister Boris …

Meatpacking giant JBS pays $11 million to ransomware hackers

Jun 10 2021

JBS, one of the world's biggest meat processors, has paid bitcoin worth $11 million in ransom to hackers to prevent any …

Asia markets rise with key events on horizon

Jun 10 2021

Asian markets rose Thursday ahead of US inflation data and a European Central Bank meeting, while traders also tracked …

China arrests 1,100 over cryptocurrency money laundering

Jun 10 2021

China has arrested more than a thousand people for using the profits from crime to buy cryptocurrencies, security …

Strike over labour reform disrupts transport in Greece

Jun 10 2021

Greece on Thursday was gripped by a 24-hour nationwide strike which shut down transport and public services over labour …

Child labour swells for first time in two decades: UN

Jun 10 2021

The world has marked the first rise in child labour in two decades and the coronavirus crisis threatens to push millions …

El Salvador's adoption of bitcoin delights cryptocurrency fans

Jun 10 2021

El Salvador's approval of bitcoin as legal tender, making it the first country in the world to do so, has delighted …

Blocked by Biden, Canadian company drops Keystone pipeline

Jun 10 2021

Blocked by US President Joe Biden, Canada's TC Energy said Wednesday it had officially terminated the Keystone XL …

ECB in hot seat over easy money as economy strengthens

Jun 10 2021

Markets will be looking for clues Thursday on when the European Central Bank might start winding down monetary stimulus, …