Business and Economy



Asian stocks extend global rally as data boost rate cut hopes

AFP - 26m ago

Asia extended a global equities rally Wednesday after another round of tepid US data reinforced expectations that the …

China likely to bid on building new Panama Canal ports

AFP - 3h ago

China is among parties interested in bidding to build two new ports on the Panama Canal, its administrator said Tuesday, …

Pele's brand acquired by family business of Neymar Jr.

AFP - 4h ago

Iconic footballer Pele's brand came under the ownership of another prominent Brazilian athlete, Neymar Santos Jr., after …

The AI boom hits a crossroads in 2026

AFP - 4h ago

After three years of breakneck growth and soaring valuations, the AI industry enters 2026 with some of the euphoria …

How China leveraged its rare earths dominance over the US

AFP - 5h ago

China's stranglehold on the rare earths industry -- from natural reserves and mining through processing and innovation …

UK to unveil tax-raising budget

AFP - 5h ago

Britain's centre-left Labour government is set to unveil a tax-raising budget Wednesday to curb debt and fund public …

US stocks extend rally on rate cut hopes

Nov 25 2025

Wall Street stocks shrugged off early weakness Tuesday and joined European bourses in rising on continued hopes the …

EU, Africa pledge to boost trade, tackle migration at summit

Nov 25 2025

European and African leaders committed to strengthening trade and better tackling irregular migration Tuesday, at the …

Rate cut hopes underpin global stocks but tech weakness weighs

Nov 25 2025

Stock markets on both sides of the Atlantic posted moderate gains Tuesday on Fed rate cut speculation, but tech sector …

US retail sales lose steam, consumer confidence falls as costs bite

Nov 25 2025

US retail sales lost momentum in September and firms grappled with an uptick in business costs, government data showed …

Serbia's sole refinery faces shutdown after US sanctions

Nov 25 2025

Serbia's only oil refinery prepared to shut down on Tuesday, as the country's president set a deadline for the firm's …

EU gives Germany free pass over defence spending

Nov 25 2025

Germany will escape EU punishment for breaking the bloc's budget rules because of a defence spending exemption, the …

US retail sales miss expectations as consumers see higher costs

Nov 25 2025

US retail sales grew at a slower pace than anticipated in September, government data showed Tuesday, as higher prices …

Wall Street leads European equities higher as rate cut hopes rise

Nov 25 2025

A solid opening for New York equities underpinned European stocks Tuesday as the tech sector extended a strong run and a …

EU says must 'step up' against China rare earths 'racket'

Nov 25 2025

The European Union must ramp up efforts to break its dependence on China for rare earths faced with export curbs that …

Kyrgyzstan arrests Chinese CEO of gold mining firm

Nov 25 2025

Kyrgyzstan said Tuesday it had arrested the Chinese CEO of a gold mining firm accused of causing "large-scale" …

EU, Africa talks hone in on closer ties in Angola

Nov 25 2025

European leaders sought to put some meat on the bones of pledges to boost ties with Africa on Tuesday as an Angola …

Stocks diverge tracking Fed rates outlook, tech rebound

Nov 25 2025

European and Asian stock markets mostly rose Tuesday following a tech-led rally on Wall Street that soothed fears of an …

NGO links major chocolate brands to Liberia deforestation

Nov 25 2025

Some of the world's best-known chocolate, from Mars to KitKat, is likely linked to deforestation in Liberia's rainforest …

Stock markets advance as odds for another Fed rate cut grow

Nov 25 2025

Investors on Tuesday welcomed more dovish comments from Federal Reserve officials reinforcing hopes it will cut interest …

Asia markets advance as odds for another Fed rate cut grow

Nov 25 2025

Asian investors on Tuesday welcomed more dovish comments from Federal Reserve officials reinforcing hopes it will cut …

UK hoping budget eases pressure of high energy bills

Nov 25 2025

Pub landlord James Fitzgerald will wait a while longer to switch on the outside Christmas lights at the Thatched House …

Mexican farmer protest blocks US border bridge

Nov 25 2025

Hundreds of farmworkers and truck drivers blocked the Mexican side of a major border bridge with the United States on …

US stocks rise again on AI rebound, revived Fed rate-cut hopes

Nov 25 2025

Wall Street stocks rallied Monday, extending a rebound as fresh hopes for a US interest-rate cut boosted sentiment after …

BBC launches hunt for new boss as Trump row rumbles on

Nov 25 2025

The BBC on Monday formally launched its search for a new chief following the resignation of Tim Davie over a misleading …

Stocks up as US rate hopes soothe nerves

Nov 24 2025

Global stock markets and the dollar mostly firmed Monday as fresh hopes for a US interest-rate cut provided calm after …

Italian fashion titan Zegna to hand over power

Nov 24 2025

Gildo Zegna, grandson of the eponymous fashion brand's founder Ermenegildo Zegna, will hand over the reins of the group …

AI delay may affect Europe's future, says ECB chief

Nov 24 2025

European Central Bank chief Christine Lagarde warned Monday that a delay in embracing artificial intelligence could …

Stocks rise as US rate hopes soothe nerves

Nov 24 2025

Global stock markets and the dollar mostly firmed Monday as fresh hopes for a US interest-rate cut provided some calm …

UK budget tests Labour govt's credibility

Nov 24 2025

Britain's centre-left Labour government unveils its annual budget Wednesday, with expected tax rises to curb debt and …

Germany business morale falls as hopes for revival dim

Nov 24 2025

German business sentiment fell more than expected in November, a survey showed Monday, the latest sign that industry is …

EU says will push US to lower steel tariffs

Nov 24 2025

The EU will Monday urge the United States to implement more of the transatlantic trade deal struck in July, including …

Belgium hit by three-day national strike

Nov 24 2025

Belgium steeled itself for closed schools and disrupted train and air travel as three days of strikes kicked off Monday …

Rhino horn sales, shark protection on wildlife talks agenda

Nov 24 2025

Global wildlife talks opened Monday, with votes expected on increased shark protection, a bid to allow limited rhino …

Stocks rise as US rate hopes soothe nerves after torrid week

Nov 24 2025

Stock markets in Asia and Europe rose Monday as fresh hopes for a US interest rate cut provided some calm after last …

Asian stocks rise as US rate hopes soothe nerves after torrid week

Nov 24 2025

Asian markets rose Monday as fresh hopes for a US interest rate cut provided some calm after last week's rollercoaster …

Belgium prepares for three days of national strikes

Nov 24 2025

Belgium faces closed schools and disrupted train and air travel as unions call for three days of strikes starting Monday …

Rising from the ashes: Mogadishu's building boom

Nov 24 2025

Mogadishu is rising, literally, from the ashes of decades of war. Pavements remain scarred by bullet holes and ruined …

EU, Africa leaders to talk trade and minerals, as Ukraine looms large

Nov 24 2025

European and African leaders gather in Angola Monday for a summit aimed at deepening economic and security ties that …

Despite doubts over economy, Americans set for record holiday spending

Nov 24 2025

Americans are expected to spend a record amount over the holiday season, despite lingering worries in the world's …

Australian mining giant BHP drops Anglo American takeover bid

Nov 24 2025

Australian resources giant BHP said Monday it had dropped a bid to take over British rival Anglo American that would …

Tomorrowland bets on Chinese dance music fans with first indoor event

Nov 23 2025

"Are you ready Shanghai?!" screamed the DJ, his glowing booth nestled at the heart of a huge intricate structure of …

Amazon climate deal a 'win' for global unity but fossil fuels untouched

Nov 23 2025

Nations sealed a modest agreement at the UN climate summit in the Brazilian Amazon on Saturday as many countries …

Amazon summit seals climate deal without fossil fuel plan

Nov 22 2025

Nations sealed a modest deal at the UN climate summit in the Amazon Saturday, as Europe and others dropped their demands …

S.Africa G20 declaration highlights: minerals, debt, climate

Nov 22 2025

Leaders from the G20 group of top economies endorsed Saturday a declaration at a summit in South Africa that highlights …

UN climate summit nears end as EU accepts watered-down deal

Nov 22 2025

Nations neared a deal at the UN climate summit Saturday after the EU accepted a text with only an implicit nod to …

G20 threatened by geopolitical fractures, leaders warn

Nov 22 2025

The G20's role in fixing economic crises is threatened by geopolitical fractures, leaders warned Saturday at a summit in …

UN climate talks deadlocked as EU pushes fossil-fuel phaseout

Nov 22 2025

The UN's COP30 climate talks spilled into overtime on Saturday, with the European Union in a standoff with oil producers …

Western rift over Ukraine and Trump absence mar G20 summit

Nov 22 2025

A US-European rift over the future of Ukraine threatened to overshadow a G20 summit that started in South Africa on …

Fossil fuel fight threatens to sink COP30 as negotiations run into overtime

Nov 22 2025

Negotiations at COP30 climate talks in Brazil ran into overtime on Saturday with no agreement struck and delegates still …

Japan businesses brush off worries over China tourists

Nov 22 2025

Shiina Ito has had fewer Chinese customers at her Tokyo jewellery shop since Beijing issued a travel warning in the wake …

Fossil fuel fight threatens to sink COP30 as EU rejects Brazil's draft

Nov 22 2025

The clock was ticking down on the slated final day of UN climate talks in Brazil Friday where a bitter fight over …

G20 summit opens in South Africa without Trump

Nov 22 2025

A US-European rift over the future of Ukraine is set to overshadow a G20 summit starting in South Africa on Saturday …

UN climate summit pushes into overtime as nations clash over fossil fuels

Nov 21 2025

Negotiators pushed into overtime Friday to salvage UN climate talks in Brazil as a bitter fight over whether to mention …

US stocks gain momentum after tech-fueled Asia rout

Nov 21 2025

US markets advanced Friday while European counterparts marked time, in response to sharp losses in Asia at the end of a …

COP30 deal under threat as nations clash over fossil fuels

Nov 21 2025

Negotiators scrambled Friday to salvage UN climate talks in Brazil as oil-producing nations were accused of resisting …

What are Russian forces doing in Mali amid jihadist blocade?

Nov 21 2025

Russian forces fighting in Mali have failed to break the country free from a stifling fuel blockade and attacks waged by …

Modest momentum for US stocks after tech-fuelled Asia rout

Nov 21 2025

US markets moved ahead while European counterparts marked time Friday in response to sharp losses in Asia at the end of …

US stocks creep ahead after tech-fuelled Asia rout

Nov 21 2025

US markets crept ahead in early trading while European counterparts marked time Friday in response to sharp losses in …

EU to seek more tariff exemptions during US commerce secretary visit

Nov 21 2025

The EU will demand more tariff exemptions on products including wines when US Commerce Secretary Howard Lutnick meets …

Lithuania accuses Belarus of 'blackmail' over stranded trucks

Nov 21 2025

Lithuania has reopened its border with Belarus but thousands of trucks are still stuck on the other side, the foreign …

Afghanistan seeks new trade routes as Pakistan ties sour

Nov 21 2025

Afghanistan is scrambling to diversify its trade partners after a deadly border clash with Pakistan last month brought …

How US sanctions on Russia's Lukoil hit Bulgaria's largest refinery

Nov 21 2025

By taking over the Balkan's largest refinery from Lukoil, Bulgaria has for now avoided punishing US sanctions against …

Nations at odds over fossil fuels as COP30 draws to a close

Nov 21 2025

Negotiators were divided Friday on the last day of fire-delayed UN climate talks, as Europe rejected COP30 host Brazil's …

European stocks fall after tech-fuelled Asia rout

Nov 21 2025

Europe's main stock markets fell further following sharp losses across global equities this week, including a rout …

Europe increasingly 'vulnerable' to shocks: ECB chief

Nov 21 2025

European Central Bank chief Christine Lagarde warned Friday the region was increasingly "vulnerable" to shocks like US …

Tech firms lead stock rout as AI bubble fears linger

Nov 21 2025

Tech firms led stock losses on Friday as investors struggled to shake off fears about an AI bubble and after a sell-off …

Japan's Takaichi insists $135 bn stimulus fiscally 'responsible'

Nov 21 2025

Japanese Prime Minister Sanae Takaichi insisted that a $135-billion stimulus package approved Friday was fiscally …

Tech firms lead Asian stock rout as AI bubble fears linger

Nov 21 2025

Tech firms led more steep losses across Asian markets on Friday as investors struggled to shake off fears about an AI …

Fossil fuel showdown looms on UN climate summit's final day

Nov 21 2025

A breach, a blockade, and a blaze: tumultuous UN climate talks head into their final day Friday in the Brazilian Amazon, …

Scramble for Sudan's resources fuels brutal civil war

Nov 21 2025

Behind the civil war tearing Sudan apart for more than two years lie the country's natural riches, with foreign powers …

Livestream giant Twitch to ban under-16s in Australia

Nov 21 2025

Livestream giant Twitch will be forced to remove all users under the age of 16 when Australia's strict social media laws …

ExxonMobil relaunches natural gas project in Mozambique

Nov 20 2025

US energy giant ExxonMobil announced Thursday the resumption of its gas development project in Mozambique, which had …

Stocks lose steam on AI concerns as jobs data cloud rate cut hopes

Nov 20 2025

Stock markets were mixed Thursday as a rally lost momentum after US jobs data clouded hopes of further interest rate …

Walmart earnings beat expectations as shoppers seek savings

Nov 20 2025

US retail giant Walmart reported higher quarterly revenue Thursday and raised its financial outlook, in …

US unemployment up even as hiring beat expectations in delayed report

Nov 20 2025

The US jobless rate crept up in September although hiring exceeded analyst expectations, according to a delayed …

Italy probes Tod's executives over labour exploitation

Nov 20 2025

Italian prosecutors are investigating three executives from luxury fashion label Tod's, as well as the company itself, …

Stocks climb tracking US jobs, Nvidia

Nov 20 2025

Stock markets mostly climbed Thursday but a rally lost momentum after mixed US jobs data offset bumper earnings from …

Germany says China promised 'reliable' rare earth supply

Nov 20 2025

Germany's finance minister said Thursday Beijing had made a "clear" commitment on ensuring rare earth supplies, …

Stocks rise as Nvidia overshadows US jobs report

Nov 20 2025

Stock markets rallied on Thursday after bumper earnings from chip titan Nvidia eased fears of an AI bubble and …

Spain court orders Meta to compensate media for 'unfair competition'

Nov 20 2025

A Spanish court on Thursday ordered Facebook owner Meta to pay local media outlets 479 million euros ($552 million) in …

US unemployment up even as hiring beats expectations in delayed report

Nov 20 2025

The US jobless rate crept up in September even as hiring exceeded analyst expectations, according to a delayed …

Greenpeace says clothes sold by Shein break EU chemicals rules

Nov 20 2025

Clothing items sold by Asian e-commerce giant Shein contain dangerous chemicals at levels well in excess of EU rules, …

Walmart lifts outlook in quarterly results with e-commerce boost

Nov 20 2025

US retail giant Walmart reported higher quarterly revenue Thursday and raised its outlook, in an expectations-beating …

EU moves to bar 'green' labels for fossil fuel investments

Nov 20 2025

The European Commission said Thursday it wants to exclude companies involved in fossil fuels from financial products …

Lufthansa enters race for TAP stake against Air France-KLM

Nov 20 2025

Germany's Lufthansa on Thursday expressed an interest for a stake in TAP Air Portugal, joining Air France-KLM in the …

Daily pill helps people lose 10% of weight in 18 months: study

Nov 20 2025

A daily pill that is cheaper and easier to take than currently available weight loss drugs helps people lose around a …

Stocks mostly rise as Nvidia calms AI fears

Nov 20 2025

Most stock markets rallied on Thursday after strong earnings from chip titan Nvidia eased fears of an AI bubble.

Most markets rise as Nvidia earnings override Fed rate concern

Nov 20 2025

Most Asian markets rallied on Thursday after blowout earnings from chip powerhouse Nvidia cooled worries over an AI …

Memory chip crunch set to drive up smartphone prices

Nov 20 2025

Shoppers could face higher prices for phones, laptops and other gadgets next year, manufacturers and analysts warn, as …

Stocks rally as bumber Nvidia report offsets Fed rate concern

Nov 20 2025

Asian markets rallied Thursday after blowout earnings from chip powerhouse Nvidia cooled worries over an AI bubble and …

Nvidia reports 'off the charts' demand for AI chips

Nov 20 2025

Nvidia shares climbed Wednesday after it beat quarterly earnings expectations on fierce demand for its sophisticated …

Stocks steadier before key Nvidia results as oil slides

Nov 19 2025

Stocks steadied Wednesday following heavy losses as investors awaited Nvidia earnings for further clues about whether …

Many US Fed members inclined against December cut: minutes

Nov 19 2025

Many US Federal Reserve officials were leaning against another rate cut in December, meeting minutes showed Wednesday, a …

Swiss queasy over chlorinated chicken fears in US tariff deal

Nov 19 2025

Relief has given way to anxiety in Switzerland over the concessions made to spare the small Alpine nation from US …

China passes US to return as Germany's top trade partner

Nov 19 2025

China has reclaimed its title as Germany's top trading partner, dethroning the United States after President Donald …

China, Netherlands move to resolve Nexperia chip row

Nov 19 2025

The Netherlands said Wednesday it had suspended its proposed takeover of Chinese-owned chip maker Nexperia in a sign of …

EU states back new delay to anti-deforestation rules

Nov 19 2025

EU member states Wednesday backed a new one-year delay to landmark anti-deforestation rules that have hit a wall of …

Trump tariff hikes hit US August imports, delayed data shows

Nov 19 2025

President Donald Trump's tariff hikes on dozens of trading partners hit US imports in August, according to a Wednesday …

With Shein, Temu rising, EU to overhaul consumer protection rules

Nov 19 2025

Faced with the explosive growth of online shopping platforms like Shein and Temu, the EU executive said on Wednesday it …

Mammoth German rail project hits the buffers - again

Nov 19 2025

The opening of a mammoth German rail project, which has become emblematic of the infrastructure woes plaguing Europe's …

Stocks steadier before key Nvidia results

Nov 19 2025

Stocks recovered slightly Wednesday following heavy losses as investors awaited Nvidia earnings for further clues about …