Business and Tech
Bank of Japan hikes inflation forecast on soaring energy prices
AFP - 29m ago
Japan's central bank hiked its full-year inflation forecast on Thursday but cautioned that it sees rising prices, driven …
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UK finance minister Sunak cleared of ethics breach
AFP - 13h ago
The British government's ethics advisor said on Wednesday he had cleared embattled finance minister Rishi Sunak of …
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GM announces it will make electric Corvette
Apr 26 2022
US car maker General Motors announced Monday that it is developing an electric version of its Chevrolet Corvette.
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Coal still top threat to global climate goals: report
Apr 26 2022
The number of coal-fired power plants in the pipeline worldwide declined in 2021, according to research released …
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Second Amazon site in New York kicks off vote on joining union
Apr 25 2022
Workers at an Amazon sorting center in New York began voting Monday on whether to join the Amazon Labor Union, which …
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Oil prices slide on China fears; Twitter rises on Musk deal
Apr 25 2022
Oil prices tumbled Monday along with equities in Europe and Asia on worries over a worsening Covid-19 outbreak in China, …
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Crew of first private flight to ISS return to Earth
Apr 25 2022
Three wealthy businessmen and a former NASA astronaut splashed down Monday off the Florida coast after spending more …
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Trump rules out Twitter return as Musk announces $44 bn purchase
Apr 25 2022
Former US president Donald Trump vowed he would not be returning to Twitter if his account was reinstated following the …
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Murdoch launches TalkTV channel with Trump trashing Harry and Meghan
Apr 25 2022
Media tycoon Rupert Murdoch's "TalkTV" launched in Britain on Monday, entering a crowded news market but leveraging his …
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Elon Musk reaches deal to buy Twitter for $44 bn
Apr 25 2022
Elon Musk, the world's richest man, struck a deal Monday to buy Twitter for $44 billion, capping a saga complete with …
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Elon Musk: tech visionary turns social media king
Apr 25 2022
Sometimes it feels like it's Elon Musk's world and we just live in it.
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US charges Briton, Spaniard with helping N.Korea
Apr 25 2022
The United States on Monday charged two Europeans with conspiring with an American cryptocurrency expert who is in …
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US judge holds Trump in contempt over civil fraud probe
Apr 25 2022
A US judge held former president Donald Trump in contempt of court Monday for failing to turn over documents related to …
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Consumers lapping up Coca-Cola price hikes so far
Apr 25 2022
Coca-Cola reported a jump in quarterly profits Monday in results showing the soda giant was able to implement price …
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UK hosts 'world's first' hub for drones, future flying taxis
Apr 25 2022
A pop-up urban port for delivery drones -- and one day, potentially flying taxis -- launched Monday in Britain, lifting …
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Twitter shares rise on reports it will accept Musk takeover bid
Apr 25 2022
Twitter shares rose Monday following reports the company is poised to accept Elon Musk's takeover offer, a dramatic …
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Stocks and oil slide China lockdowns, rate hike fears
Apr 25 2022
Stock markets and oil prices slumped Monday on growing concern that lockdowns in China aimed at fighting a worsening …
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Markets tumble on China lockdowns, rate hike fears
Apr 25 2022
Stock markets and oil prices slumped Monday on growing concern that lockdowns in China aimed at fighting a worsening …
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Philips take hit by supply problems, respirator recall
Apr 25 2022
Philips on Monday reported net losses of over 150 million euros in the first quarter of 2022 as the Dutch health …
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Markets plunge on China lockdowns, rate hike fears
Apr 25 2022
Stock markets and oil prices sank Monday on growing concern that lockdowns in China aimed at fighting a worsening Covid …
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Nissan ending production of Datsun brand vehicles
Apr 25 2022
Japanese automaker Nissan is ending production of Datsun brand vehicles, less than a decade after reviving the famed …
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Sri Lanka shares plunge as Buddhist leaders ask govt to resign
Apr 25 2022
Sri Lanka's stock market halted trading after a nearly 13 percent plunge Monday as the island nation's beleaguered …
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London and Washington begin two days of trade talks
Apr 25 2022
The UK on Monday began two days of talks with the United States, hoping for progress to secure a coveted post-Brexit …
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China lockdowns, rate hike fears batter stock markets
Apr 25 2022
Stock markets sank Monday on growing concerns that lockdowns in China aimed at fighting a worsening Covid outbreak could …
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Markets hit China economy worries, rate hike fears
Apr 25 2022
Stock markets sank Monday on growing concerns that lockdowns in China aimed at fighting a worsening Covid outbreak could …
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Sri Lanka exchange halts again after 13% plunge
Apr 25 2022
Crisis-hit Sri Lanka's stock exchange halted again Monday after a nearly 13 percent plunge, derailing the bourse's …
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Asian markets track Wall St rout, oil sinks
Apr 25 2022
Asian markets sank Monday on growing concerns of a sharp hike in US interest rates as officials struggle to contain …
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Egypt gig economy workers face rough ride
Apr 24 2022
Young men on bikes and scooters zip through Cairo, Egypt's sprawling megalopolis, dodging cars to deliver more than a …
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'Bleed us dry': Why tech platforms are facing rebellions
Apr 24 2022
When Jak found online marketplace Etsy, it seemed like the perfect match: a tech platform for small traders to sell …
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Yemen capital's first commercial flight since 2016 postponed
Apr 23 2022
The first commercial flight from Yemen’s rebel-held capital in six years had to be indefinitely postponed after failing …
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Scuba diving boat sinks off Ecuador's Galapagos Islands
Apr 23 2022
A scuba diving boat sank Saturday off one of Ecuador's ecologically sensitive Galapagos Islands but damage was minor and …
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Ship carrying diesel fuel sinks off Ecuador's Galapagos Islands
Apr 23 2022
A ship carrying diesel fuel sank Saturday off one of Ecuador's ecologically sensitive Galapagos Islands, officials said.
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EU agrees deal to tame internet 'Wild West'
Apr 23 2022
The European Union on Saturday finalised new legislation to require Big Tech to remove harmful content, the bloc's …
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New Pakistan government says willing to curb fuel subsidies
Apr 23 2022
Pakistan's new finance minister on Friday agreed with IMF recommendations to reduce fuel subsidies and end a business …
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Twitter bans ads that defy climate change science
Apr 22 2022
Twitter on Friday banned ads that deny the reality of climate change.
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Global stocks plunge on jitters over higher interest rates
Apr 22 2022
Global stock markets dropped sharply Friday as the latest hawkish commentary from the Federal Reserve sent investors …
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Losing Russian energy would weigh on Europe's economy: IMF official
Apr 22 2022
Europe can get by without Russian gas for six months, but beyond that, the economic impact would be severe, a senior IMF …
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French prosecutors issue international arrest warrant for Ghosn
Apr 22 2022
French authorities have issued an international arrest warrant for disgraced former Nissan boss Carlos Ghosn, who has …
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Global markets plunge on hawkish Fed
Apr 22 2022
Global stock markets dropped sharply Friday after the Federal Reserve warned of an aggressive tightening of monetary …
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Floods heap woes on South Africa trading hub
Apr 22 2022
First it was Covid, then riots and now floods: KwaZulu-Natal (NZN) province, South Africa's gateway to the Indian Ocean, …
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Global markets mostly sink on Fed chief's remarks
Apr 22 2022
Global stock markets slid Friday after the Federal Reserve warned of an aggressive tightening of monetary policy to tame …
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EU eyes deal to tame internet 'Wild West'
Apr 22 2022
The European Union on Friday homed in on new regulation to require Big Tech to remove harmful online content, the bloc's …
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Ferrari to recall more than 2,200 cars in China over brake risk
Apr 22 2022
Italian luxury carmaker Ferrari has issued a recall plan with Chinese regulators over potential brake problems in its …
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Key moments in Carlos Ghosn saga
Apr 22 2022
From his surprise detention to an audacious escape from Japan hidden in an audio-equipment box, the rollercoaster saga …
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Eurozone growth speeds up in April despite Ukraine war
Apr 22 2022
Economic growth in the eurozone accelerated and hit a seven-month high in April, a key survey showed on Friday, despite …
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Asian markets tumble after Federal Reserve chief's comments
Apr 22 2022
Most Asian markets dropped on Friday, trailing Wall Street losses triggered by the US Federal Reserve boss' signal of an …
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Revitalised Angkor Wat brings hope for Cambodia tourism recovery
Apr 22 2022
As dawn breaks, foreign tourists gather by the ancient towers of Cambodia's Angkor Wat, some of the lucky few to see the …
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Will Twitter's 'poison pill' be too tough for Elon Musk to swallow?
Apr 22 2022
The so-called "poison pill" Twitter has proposed to use against Elon Musk's potential hostile takeover is a mechanism …
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China axes 15 coal plants abroad after Xi pledge, but loopholes remain: study
Apr 22 2022
More than a dozen Chinese coal power projects overseas were cancelled after a ban last year on funding such plants, but …
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Cash-strapped Sri Lanka hit by record inflation
Apr 22 2022
Crisis-hit Sri Lanka's inflation hit a record high for the sixth consecutive month, official data showed on Friday as …
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Obama calls for tigher reins on big tech
Apr 22 2022
Former US president Barack Obama on Thursday called out Silicon Valley, urging tech companies to stop dividing society …
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Musk says he has financing to take Twitter buyout bid to investors
Apr 22 2022
Elon Musk has lined up $46.5 billion in financing for a possible hostile takeover of Twitter and is "exploring" a direct …
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CNN to close streaming service after one month
Apr 22 2022
CNN will shut down its new streaming service next week, just one month after launching it with much fanfare, the US …
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WHO 'strongly recommends' Pfizer's Covid pill
Apr 22 2022
The World Health Organization said Friday it "strongly recommended" Pfizer's Covid-19 antiviral pill Paxlovid for …
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In war-torn Ukraine, dimmed hopes for escargot exports
Apr 21 2022
Ivan Yuskevych used to export truckloads of edible snails from his Ukrainian farm to western Europe, but first …
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Hawkish Powell sends US indices lower despite resurgent airline shares
Apr 21 2022
US stocks tumbled while the dollar rallied Thursday following hawkish comments from the head of the Federal Reserve that …
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Ukraine needs $7 bn a month in aid, Zelensky says
Apr 21 2022
Ukraine needs $7 billion in month to keep its economy afloat amid the "economic losses" inflicted by Russia, President …
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Hidden in bananas and tea, cocaine departs Ecuador port by the ton
Apr 21 2022
Trying to prevent drug traffickers from hiding cocaine in cargo containers at Ecuador's main port of Guayaquil is …
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US Treasury announces $500 mn economic aid package for Ukraine
Apr 21 2022
The United States will provide Ukraine with a new $500 million infusion of aid to help the government in Kyiv continue …
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No consensus among finance chiefs at IMF talks due to Ukraine war
Apr 21 2022
The International Monetary Fund ended its semi-annual gathering of global finance chiefs without a consensus for the …
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Yellen warns European ban on Russian energy could harm economies
Apr 21 2022
A European ban on Russian oil and gas imports could have unintended economic consequences, US Treasury Secretary Janet …
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Shares in Tesla and airlines take off
Apr 21 2022
US and European stock markets rose on Thursday, with Tesla shooting higher after the electric carmaker reported record …
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Google makes cookie opt-out easier after France fine
Apr 21 2022
Google announced on Thursday it was starting to roll out an option for European users to reject "cookies" with a single …
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'Small actions' can help reduce reliance on Russian energy: IEA
Apr 21 2022
Adjusting the heating and working more from home are just some of the "small actions" that can reduce Europe's reliance …
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Russia's economic outlook worsens: central bank survey
Apr 21 2022
Russia's economic outlook has worsened as a central bank survey on Thursday showed a deeper contraction than previously …
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Tesla, airline shares take off
Apr 21 2022
US and European stock markets rose on Thursday, with Tesla shares shooting higher after the electric carmaker reported …
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American Airlines eyes Q2 profit after latest loss
Apr 21 2022
American Airlines reported another quarterly loss Thursday, but said a recent sharp improvement in bookings should …
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Spyware allegations poison Spain's ties with Catalan separatists
Apr 21 2022
Catalan separatists have accused Spain's intelligence services of using spyware to snoop on their mobile phones, …
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Airline shares take off on bullish United outlook
Apr 21 2022
Shares in European airlines took off Thursday after United Airlines forecast surging travel demand as the pandemic …
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EU nears deal on massive tech services regulation
Apr 21 2022
The European Union could agree on Friday a new regulation imposing unprecedented curbs on online content, the second …
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UK PM arrives in India for hard sell on anti-Russia action
Apr 21 2022
UK Prime Minister Boris Johnson arrived in India Thursday touting job-creating investment but facing long odds to get …
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Libya's oil industry falls hostage again to politics
Apr 21 2022
Libya's oil industry, the lifeblood of its economy, has fallen hostage once more to a political schism, as the …
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Oil prices up as traders weigh demand and supply issues
Apr 21 2022
Oil bounced back on Thursday after a day of losses over demand concerns linked to China's Covid-19 lockdowns as markets …
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UK's PM arrives in India for hard sell on anti-Russia action
Apr 21 2022
UK Prime Minister Boris Johnson arrived in India Thursday touting job-creating investment but facing long odds to get …
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QR codes and cranes: Japan embraces modern cemeteries
Apr 21 2022
Masayo Isurugi settles into a booth on the sixth floor of a sleek Tokyo building, scans an ID card and waits for an …
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Twitter, analysts wary of Musk takeover bid
Apr 21 2022
As tempting as access to Elon Musk's wealth may be, Twitter is not eager to be ruled by a billionaire known for shooting …
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End of an era as Netflix faces stagnation challenges
Apr 21 2022
Having lost subscribers for the first time in more than a decade, Netflix faces the new challenge of stagnation from a …
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Tesla reports record profits, bullish on 2022 output
Apr 20 2022
Tesla reported another banner quarter of profit growth Wednesday on pricier vehicles and said its 2022 output plan was …
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US leads G20 boycott of Russian finance officials
Apr 20 2022
US Treasury Secretary Janet Yellen led a multinational group of finance chiefs on a walkout Wednesday as Russian …
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United Airlines bullish on Q2 as it reports another loss
Apr 20 2022
United Airlines reported another quarterly loss Wednesday on the lingering drag from Covid-19 but offered a bullish …
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Italy signs gas deal with Angola seeking to end dependence on Russia
Apr 20 2022
Italy on Wednesday penned a deal with Angola to ramp up gas supplies from the southern African country as it urgently …
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Europe stocks shine but US mixed as Netflix plunges
Apr 20 2022
European stocks rose Wednesday as investors tracked corporate earnings and developments in the Ukraine conflict, while …
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Tesla reports Q1 profits of $3.3 bn, topping expectations
Apr 20 2022
Tesla reported another banner quarter of profit growth Wednesday as the rapid expansion of electric vehicle (EV) …
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G20 finances chiefs convene amid threats of Ukraine boycott
Apr 20 2022
Finance officials from the world's richest countries are convening on Wednesday to address global challenges like rising …
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Italy chases African gas to end dependence on Russia
Apr 20 2022
Italian ministers headed to central Africa Wednesday in an urgent quest for new energy deals as Italy scrambles to break …
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Higher prices cooled US housing market in March
Apr 20 2022
Sales of existing US homes dropped for the second straight month in March, an industry survey said Wednesday, a sign …
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Fresh protests rock Sri Lanka after police killing
Apr 20 2022
Fresh anti-government protests spread across Sri Lanka Wednesday, a day after police shot dead a demonstrator and …
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Venice readies day-trip booking system to ease crowds
Apr 20 2022
Venice plans to trial a reservation system for day-trippers, an official said Wednesday, in a bid to ease over-tourism …
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Ukraine set to dominate G20 finance chiefs summit
Apr 20 2022
Finance officials from the world's richest countries will meet on Wednesday to address global challenges like rising …
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Stock markets rise but Netflix sinks
Apr 20 2022
European and US stocks rose Wednesday as investors tracked developments in the Ukraine conflict and corporate earnings, …
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Procter & Gamble profits rise on higher pricing
Apr 20 2022
Quarterly profits edged higher at Procter & Gamble as the consumer goods giant implemented price increases with only a …
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European stock market gains capped by Ukraine war
Apr 20 2022
European stocks rose Wednesday but gains were capped as Russia continued its new offensive in eastern Ukraine, dealers …
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Ukraine war slams brakes on European car sales
Apr 20 2022
European car sales sank in March as Russia's invasion of Ukraine added more problems to a sector already struggling with …
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Sri Lankan town under curfew after police kill protester
Apr 20 2022
Police enforced a curfew on Wednesday in a Sri Lankan town where an anti-government demonstrator was killed, a death …
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Oil stabilises after big drop on IMF growth cut
Apr 20 2022
Asian markets were marginally higher on Wednesday while oil began recovering after a downgraded IMF global growth …
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Brexit bureaucracy leaves British beet rotting
Apr 20 2022
In the heart of the English countryside, Will Woodhall is trying to stay positive, despite standing next to a vast pile …
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IMF asks Sri Lanka to restructure debt before bailout
Apr 20 2022
The International Monetary Fund said on Wednesday that it has asked cash-strapped Sri Lanka to "restructure" its huge …
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Dung power: India taps new energy cash cow
Apr 20 2022
India is tapping a new energy source that promises to help clean up smog-choked cities and is already providing a vital …
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Sri Lanka town under curfew, foreign concern over killing
Apr 20 2022
Police kept up a curfew in central Sri Lanka on Wednesday, a day after the killing of an anti-government demonstrator in …
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New Indian 'sex start-ups' challenge old taboos
Apr 20 2022
The couple behind a new start-up using adult toys and cheeky adverts to challenge long-held taboos say they want to take …
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Mexican lawmakers pass lithium nationalization plan
Apr 20 2022
Mexican lawmakers on Tuesday approved a plan to nationalize the exploration and mining of lithium, a vital material in …
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Netflix shares plunge as subscribers drop
Apr 20 2022
Netflix shares lost a quarter of their value Tuesday after the company revealed its ranks of subscribers shrank in the …
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