Business and Economy



Oil surges, stocks sink on jitters over US plans in Iran war

AFP - 2h ago

Oil prices soared Thursday following reports that the United States could launch fresh attacks on Iran before next …

OpenAI revenue gap report rattles AI stocks

AFP - 2h ago

OpenAI is bringing in about $20 billion less in annualized revenue than investors had been led to believe, the Financial …

Nigeria looks to ease fuel prices as election looms

AFP - 3h ago

Nigeria's finance minister unveiled a raft of measures Thursday aimed at cushioning against energy shocks as the country …

Saudi kindergarten hit by debris as Houthis say Riyadh airport targeted

AFP - 3h ago

The Saudi civil defence agency said a kindergarten and a medical complex in Riyadh were damaged by debris from a missile …

US suspending Microsoft from visa program: Vance

AFP - 5h ago

US Vice President JD Vance said Thursday that software giant Microsoft was being suspended from a key visa program as …

Riyadh kindergarten hit by interception debris as Houthis say targeted airport

AFP - 2h ago

The Saudi civil defence agency said a kindergarten and a medical complex in Riyadh were damaged by debris from a missile …

Russian data centre hit by drone in first for Ukraine war

AFP - 6h ago

A drone attack caused a fire at a data centre belonging to Russian technology giant Yandex, the company told AFP …

Oil surges, stocks sink as US reportedly eyes new Iran strikes

AFP - 14m ago

Oil prices soared more than five percent Thursday following reports that the United States could launch fresh attacks on …

AI startup Manus raises $500m after Meta acquisition blocked by China

AFP - 8h ago

AI startup Manus, whose acquisition by Meta was blocked by the Chinese government, said Thursday it had completed a …

WTO hikes 2026 trade growth forecast on AI boom

AFP - 8h ago

The WTO on Thursday sharply raised its global trade growth forecast for 2026, with merchandise trade riding the AI boom …

Bid by Italy's Intesa bank to take over MPS gets boost

AFP - 9h ago

The main shareholders of Italy's Monte dei Paschi di Siena (MPS) have boosted the chances of a takeover by Intesa …

EU okay for winter despite 'historically low' gas stocks: operators

AFP - 9h ago

The European Union is capable of meeting demand for gas this winter but its reserves are at "historically low" levels …

Britain's Burnham says open to Germany joining warplane project

AFP - 10h ago

British Prime Minister Andy Burnham said Thursday that he was open to having Germany join a next-generation fighter jet …

Diplomats, schools in Saudi take safety measures after blasts heard: sources to AFP

AFP - 3h ago

Diplomats stationed in the Saudi capital were sheltering in place and international schools took safety measures on …

Oil surges, stocks sink as US reportedly eyes fresh Iran strikes

AFP - 2h ago

Oil prices soared more than five percent Thursday following reports that the United States could launch fresh attacks on …

France struggles to wean social housing off gas

AFP - 9h ago

As France recovers from a sweltering summer where thousands died in gruelling heatwaves, the country now faces a dilemma …

In Beijing, EU trade envoy says deficit with China 'unsustainable'

AFP - 2h ago

The European Union's top commerce official said Thursday that the bloc's trade deficit with China was "unsustainable", …

Germany lifts GDP forecast as economy withstands Iran war

AFP - 9h ago

Germany on Thursday sharply raised its growth forecast for this year, saying Europe's biggest economy had withstood the …

Taiwan says exports hit record in September on AI demand

AFP - 10h ago

Taiwan's exports hit a record high of $87.2 billion in September, the government said Thursday, thanks to skyrocketing …

Drone hits Yandex data centre, in first such attack on Russia

AFP - 7h ago

A drone caused a fire at a data centre belonging to Russian technology company Yandex, the company told AFP Thursday, in …

Oil prices surge and stocks sink on fresh inflation worries

AFP - 3h ago

Oil prices soared Thursday and equities tumbled on fresh inflation fears following a report that said President Donald …

Stocks fall further as oil surge fans fresh inflation worries

AFP - 47m ago

Equities extended losses Thursday as a fresh surge in oil prices stoked inflation fears, following a report that said …

Stocks fall further as oil spike fans fresh inflation worries

AFP - 4h ago

Equities extended losses Thursday as inflation fears were stoked by a fresh jump in oil prices following a report that …

Gas, health care, utilities: high costs squeeze US midterm voters

AFP - 12h ago

Former US steelworker Denise Barber retired three years ago, but steep gasoline prices and family healthcare needs are …

Samsung expects 780% quarterly operating profit jump on AI boom

AFP - 13h ago

Samsung Electronics forecast Thursday a more than 780 percent leap in third-quarter operating profit from a year …

EU trade chief seeks to dial down China tensions

Oct 07 2026

The European Union's top commerce official was due in China on Thursday for talks aimed at bringing both sides back from …

Stocks slide as oil sees volatile trading day over Iran war fears

Oct 07 2026

Stock markets slid on Wednesday after a volatile day of trading for oil that saw the commodity rise sharply before …

Microsoft pushes AI vision with new, expensive Surface laptop

Oct 07 2026

Microsoft is pushing a "hybrid intelligence" future with a new Surface Ultra laptop that runs on Nvidia artificial …

French luxury giant to fund redevelopment of two Paris streets: city hall

Oct 07 2026

French luxury giant Louis Vuitton, part of the LVMH conglomerate of France's richest person Bernard Arnault, is to fund …

Stocks slide as oil climbs on Mideast flareup

Oct 07 2026

Oil prices rose Wednesday on fresh concerns about Middle East supplies following a warning that Iran appeared to be …

IEA ready to release more oil reserves if necessary

Oct 07 2026

The International Energy Agency's member countries stand ready to release additional oil from their strategic reserves …

HSBC 'consults' over UK unit job cuts amid AI adoption

Oct 07 2026

HSBC said Wednesday consultations were underway, after the Financial Times reported that hundreds of jobs were at risk …

UK court quashes five ex-traders' Libor rate rigging convictions

Oct 07 2026

The Court of Appeal in London on Wednesday quashed the criminal convictions of five former financial traders for …

French wine harvest set to hit historic low

Oct 07 2026

With its wine industry hit by a swathe of summer heatwaves, France is set to see this year's harvest hit a historic low.

Kyiv 'cannot agree' to EU membership limiting food exports: minister

Oct 07 2026

Ukraine's agriculture minister on Wednesday said his country would not agree to EU membership if that would entail …

Shell refining margins reach record highs as wars hit supply

Oct 07 2026

British energy giant Shell said Wednesday that its refining margins surged 75 percent in the third quarter compared with …

Moldova to name new power line after Donald Trump

Oct 07 2026

A new power line to link Moldova to Romania with US financial backing will be named "Trump Liberty Line" following a US …

Spotify expands audiobooks to more than 180 markets

Oct 07 2026

Streaming giant Spotify announced Wednesday it is expanding access to its audiobook service to more than 180 markets, up …

Stocks decline as oil climbs on Mideast flareup

Oct 07 2026

Oil prices rose Wednesday on fresh concerns about Middle East supplies following a warning that Iran appeared to be …

Micron workers at Taiwan plant vote in favour of strike

Oct 07 2026

Hundreds of workers at a Micron Technology plant in Taiwan have voted to strike, their union said on Wednesday, after …

As sector struggles, Porsche puts luxury ahead of volume

Oct 07 2026

Luxury sports car maker Porsche announced Wednesday it plans to sell fewer vehicles, but at a higher price to try to …

Indian central bank hikes rates for first time since 2023

Oct 07 2026

India's central bank hiked interest rates Wednesday for the first time since 2023 as the Middle East conflict stokes …

Germany factory production at highest level for 18 months

Oct 07 2026

German industrial production rose to its highest level for a year and a half in August, according to data released …

Oil rises and stocks fall as Hormuz worries flare

Oct 07 2026

Oil prices rose on Wednesday and stocks fell amid fresh concerns about Middle East supplies following a warning that …

US, China, EU: three paths to regulating AI

Oct 07 2026

The United States, China and the European Union are taking different paths to govern artificial intelligence, as calls …

How the EU regulates lobbyists

Oct 07 2026

Following the 2022 Qatargate bribery scandal, the European Union tightened its lobbying rules in Brussels, where …

Fierce lobbying in EU over 'forever chemicals'

Oct 07 2026

The European Union is under pressure to ban "forever chemicals" but a battle is heating up over the toxic substances …

Indian central bank hikes rates for first time in more than 3 years

Oct 07 2026

India's central bank hiked interest rates for the first time in more than three years on Wednesday as the Middle East …

Climate champion Australia digging more coal

Oct 07 2026

Australia's coal mines are expanding as exports boom, awkward timing for a nation preparing to champion clean energy as …

Bangladesh nuclear plant draws hope -- and worry

Oct 07 2026

Bangladesh is preparing to switch on its first nuclear power plant, a long-delayed project promising relief from chronic …

Africa launches own credit agency in bid for cheaper borrowing

Oct 07 2026

Africa will launch its own credit rating agency on Wednesday, aimed at countering what many see as unfair assessments by …

Paramount completes Warner Bros takeover, creating Skydance

Oct 06 2026

Paramount on Tuesday completed its takeover of Warner Bros. Discovery, uniting two of Hollywood's most storied studios …

US stocks hit fresh records as oil stabilizes on rising supplies

Oct 06 2026

Stock markets firmed Tuesday with the Nasdaq and S&P 500 hitting record highs in the United States, as oil prices …

Emmys gala will now stream its premier television awards

Oct 06 2026

The Emmy Awards that celebrate the best in television are the latest entertainment industry gala to ink a streaming …

Quebec separatist win rattles Carney's unity push

Oct 06 2026

Prime Minister Mark Carney insists "Canada strong" can defy threats from the United States, but his national unity …

Paris Women's Fashion Week: the key trends

Oct 06 2026

Paris Women's Fashion Week wraps up Tuesday after nine days of shows and celebrity sightings. AFP looks at some of the …

Asos says probing 'unauthorised activity' after phone alerts

Oct 06 2026

UK online fashion giant Asos said Tuesday it was investigating "unauthorised activity involving third-party platforms" …

Stocks climb as oil prices retreat under $100 per barrel

Oct 06 2026

Stock markets firmed Tuesday as oil prices retreated on easing supply worries, helping to temper concerns about rising …

New investor forecasts LIV Golf teams could be worth $100 mn each

Oct 06 2026

LIV Golf teams could be worth up to $100 million (£75 million) each, even though it's just under a month since the …

Bulgaria searches for missing crew after drones hit more Black Sea ships

Oct 06 2026

Bulgarian authorities on Tuesday were searching for the missing crew of a ship that sank in the Black Sea after drones …

Le Pen vows drastic cost savings to prevent French 'default'

Oct 06 2026

French far-right presidential candidate Marine Le Pen said Tuesday that she would implement 140 billion euros ($157 …

France's Mistral unveils latest model in sovereign AI push

Oct 06 2026

French AI startup Mistral announced Tuesday its biggest open-weight model, dubbed "Chonk", claiming enhanced performance …

Stocks climb as oil prices retreat

Oct 06 2026

Stock markets firmed Tuesday while oil prices retreated on easing supply worries, helping to temper concerns about …

World Bank forecasts modest growth for Latin America, highlights climate risks

Oct 06 2026

The World Bank on Tuesday forecast modest economic growth in Latin America and the Caribbean, warning that risks from …

IMF warns cost-of-living shocks cause 'lasting deterioration' in affordability

Oct 06 2026

The International Monetary Fund warned Tuesday that price increases for necessities like food and energy, fuelled by the …

Stock markets climb as oil prices retreat

Oct 06 2026

Stock markets firmed Tuesday and oil prices retreated, helping to temper worries about spikes to government borrowing …

7-Eleven exits India amid mounting competition

Oct 06 2026

All 7-Eleven convenience stores in India shut down in September, according to its Japanese parent company on Tuesday, as …

Asian stocks mostly up after tech-led Wall St record

Oct 06 2026

Asian stocks mostly rose on Tuesday as a tech-led record on Wall Street was tempered by ongoing worries about a spike in …

German factory orders plunge as recovery still fragile

Oct 06 2026

German factory orders fell faster than expected in August, official data showed Tuesday, underscoring the fragility of a …

South Korea warns of possible AI use in banking hacks

Oct 06 2026

Artificial intelligence may have been used in a string of cyberattacks targeting South Korea's financial sector, the …

Purple reign: Philippines seeks to keep grip on ube throne

Oct 06 2026

The Philippine ube has become a trend-setting sensation from Los Angeles to London to Seoul, with the humble yam's …

Asian stocks mixed despite tech-led Wall St record

Oct 06 2026

Asian stocks were mixed Tuesday as a tech-led record on Wall Street was tempered by ongoing worries about a spike in …

AI borrowing binge rattles US markets

Oct 06 2026

The world's richest companies can no longer rely on their massive cash piles alone to stay in the artificial …

Euro slides as concerns about French debt mount

Oct 05 2026

The euro slid Monday to its lowest level against the dollar in 17 months on worries about France's high debt and …

US Supreme Court considers bid to shut the door on climate suits

Oct 05 2026

The US Supreme Court heard arguments Monday in a crunch climate case, with justices wrestling over whether it followed …

US Supreme Court judges mull bid to shut the door on climate suits

Oct 05 2026

The US Supreme Court heard arguments Monday in a crunch climate case, with justices wrestling over whether it followed …

Brazilian stocks surge to record after Bolsonaro election lead

Oct 05 2026

Brazilian stocks surged to record highs Monday, with Sao Paulo's main index up almost nine percent by midday, after a …

'Reckless' AI firms can't control models, says whistleblower

Oct 05 2026

Leading artificial intelligence companies do not know how to keep AI systems from pursuing objectives their developers …

Putin allows Italy's UniCredit to sell part of Russian business

Oct 05 2026

Russian President Vladimir Putin signed a decree on Monday allowing Italy's UniCredit bank to sell part of its Russian …

EU, China to hold Beijing talks to avert trade war

Oct 05 2026

EU trade chief Maros Sefcovic will travel to Beijing Thursday for two days of high-stakes talks aimed at staving off a …

US Supreme Court hears bid to shut the door on climate suits

Oct 05 2026

The US Supreme Court was hearing arguments on Monday in a case that could determine the fate of dozens of climate …

Euro slides as worries about French debt grow

Oct 05 2026

The euro slid Monday to the lowest level against the dollar in 17 months on worries about France's high debt and …

Norway eyes partial ban of smart glasses

Oct 05 2026

Norway's government said Monday it wants a temporary ban on the use of smart glasses in certain public places, citing …

Euro, French stocks slide on France debt concerns

Oct 05 2026

The euro slid to the lowest level against the dollar in 17 months and the Paris stock market shed one percent Monday on …

Stocks rally as 'Goldilocks' jobs data ease rate fears

Oct 05 2026

Equities rallied on Monday after a big miss on US jobs creation gave the Federal Reserve breathing room to hold off an …

Most Asia stocks rally as 'Goldilocks' jobs data ease rate fears

Oct 05 2026

Most stocks rallied Monday after a big miss on US jobs creation gave the Federal Reserve breathing room to hold off an …

Spy chief Clayton, the Trump loyalist tech bosses trust on AI

Oct 04 2026

Jay Clayton, Donald Trump's pick for AI czar, is the nation's top spy, and a rare figure trusted by both the president …

Chanel: unpicking one year of 'Blazymania'

Oct 04 2026

Exactly a year since he unveiled his first collection at Chanel, Franco-Belgian designer Matthieu Blazy has proved …

Hungary's dwindling paprika producers battle to save signature spice

Oct 04 2026

Working from before dawn until midnight, farmers Nikoletta Pajsan Nagy and Laszlo Pajsan fought Europe's driest summer …

Finnish town braces for change from Google data centres

Oct 04 2026

In the northern Finnish town of Muhos, 36-year-old farmer Joni Pitkanen is preparing for life with a new neighbour -- …

Trump tariffs a mixed bag for US auto industry

Oct 04 2026

President Donald Trump has claimed a "roaring comeback" in American auto manufacturing following aggressive trade …

Boisterous fashion week barnstorms 'sleepy' Nigerian capital

Oct 03 2026

Nigerian models donned outfits of seemingly impossible amounts of fabric folded and moulded into massive silhouettes, or …

AI needs safety layers like nuclear plants: ex-OpenAI engineer

Oct 03 2026

Another former OpenAI employee has added his voice to a chorus of frantic calls to make AI safe, saying the industry …

Asian carmakers besting US rivals at home, China poised to strike

Oct 03 2026

Major US automakers have watched their domestic market share shrink even more thanks to their Asian competitors -- a …

US regulator finds Boeing 737 MAX software bug 'not a safety concern'

Oct 03 2026

A software bug that delayed the US certification of Boeing's 737 MAX 10 aircraft does not pose a safety concern, the …

G7 agrees deal to ease global energy supply concerns

Oct 02 2026

G7 countries agreed Friday to release 100 million barrels of diesel and crude oil to ease global energy supply concerns, …

US jobs data boosts stocks as oil prices dip

Oct 02 2026

Wall Street stocks advanced Friday after weak US jobs data lowered the odds of Federal Reserve rate hikes.

US Supreme Court to hear high-stakes climate case

Oct 02 2026

The US Supreme Court hears a climate case Monday that could upend dozens of lawsuits aimed at making polluters pay for …

Argentina unveils passports-for-investment scheme

Oct 02 2026

Argentine President Javier Milei's government said Friday that the country would offer citizenship to foreigners who …

Tesla shares jump after global car sales top estimates

Oct 02 2026

Tesla's stock jumped Friday after the electric car maker said its global sales dipped in the third quarter but were …

Amazon vows $1 bn for data center towns, decries 'myths'

Oct 02 2026

Amazon on Friday pledged more than $1 billion over five years for US communities that host its data centers, the latest …

Oil prices drop on G7 fuel release, US jobs data boosts stocks

Oct 02 2026

Oil prices slumped Friday as G7 nations agreed to a major release of fuel reserves, while Wall Street stocks jumped …