Business and Economy



Chip giant SK hynix posts record quarterly profit on AI boom

AFP - 1h ago

Chip giant SK hynix said Thursday that net profit soared almost 400 percent to a record high in the first quarter thanks …

Sellers in China trade hub seek tariff reprieve from Trump visit

AFP - 1h ago

Labourers sweated as they wheeled bags of clothes, shoes and accessories to a sprawling wholesale market in southern …

Stocks sink and oil rises with Iran, US no closer to peace talks

Apr 23 2026

Asian stocks fell and oil prices rose Thursday as the United States and Iran appeared no closer to holding fresh peace …

Top Peru ministers quit in protest over stalled US fighter jet deal

Apr 23 2026

Peru's foreign and defense ministers resigned on Wednesday in protest over the interim president's decision to stall a …

Tesla reports higher profits, confirms hefty spending ahead

AFP - 4h ago

Tesla reported higher first-quarter profits Wednesday, topping expectations as it confirmed plans for massive additional …

War in the Middle East: latest developments

AFP - 4h ago

The latest developments in the Middle East war:

Tesla reports higher profits, topping estimates 

AFP - 2h ago

Tesla reported higher first-quarter profits Wednesday, pointing to recovering demand in North America as it pursues …

US stocks rise, shrugging off uncertain ceasefire prospects while oil prices jump

AFP - 7h ago

Oil prices climbed Wednesday while stocks were mixed as Iranian officials refused to reopen the Strait of Hormuz after …

US doesn't dictate terms of trade talks: Carney

AFP - 8h ago

The United States does not get to dictate the terms of upcoming trade talks, Canadian Prime Minister Mark Carney said …

Three ships targeted in Hormuz, Iran seizes two: monitors, Guards

AFP - 10h ago

Iranian forces targeted three container ships on Wednesday, seizing two, global security monitors and the country's …

Mideast war weighs on parent of Durex condoms

AFP - 10h ago

Reckitt Benckiser, the British supplier of health and hygiene products including Durex condoms, said Wednesday that …

Shifting goals blur picture of US blockade on Iran

AFP - 11h ago

The United States has vowed to blockade Iran's ships until the country makes a deal to end their war. But is the …

Just a little late: Frankfurt celebrates new airport terminal

AFP - 9h ago

Frankfurt airport opened a new terminal on Wednesday, just a few years late and a billion euros over budget, with …

US Treasury chief defends pivot to extend Russia oil sanctions relief

AFP - 11h ago

US Treasury Secretary Scott Bessent on Wednesday defended the Trump administration's recent about-face to temporarily …

Germany halves 2026 growth forecast on Iran war fallout

AFP - 1h ago

The German government Wednesday halved its 2026 growth forecast due to the Middle East war energy shock, while vowing to …

South Africa coal delay could cause 32,000 deaths, report says

AFP - 1h ago

South Africa risks thousands of premature deaths if the phase-out of coal plants is delayed due to the government's …

Russia says will halt flow of Kazakh oil to Germany

AFP - 5h ago

Russia confirmed Wednesday it will halt the pipeline flow of Kazakh oil to Germany next month, citing technical reasons, …

Thousands of London commuters walk to work in underground strike

AFP - 11h ago

Workers streamed into the British capital by foot, bike and bus Wednesday as strike action on the London Underground …

Boeing reports narrowing loss, points to progress on turnaround

AFP - 9h ago

Boeing reported a small quarterly loss Wednesday following an uptick in commercial plane deliveries as the aerospace …

Oil up, stocks mixed on uncertain prospects for US-Iran ceasefire

AFP - 14m ago

Oil prices edged higher Wednesday while stocks were mixed after US President Donald Trump announced the extension of a …

Vietnam, South Korea sign deals on tech, nuclear power

AFP - 4h ago

Vietnam's top leader To Lam hosted South Korean President Lee Jae Myung in Hanoi on Wednesday, announcing a dozen …

Chinese EVs look to sideline foreign brands at Beijing auto show

AFP - 8h ago

The world's biggest auto show opens in Beijing on Friday, as Chinese manufacturers solidify their status as industry …

Russia to block flow of Kazakh oil to German refinery, Berlin says

AFP - 1h ago

Germany has learned that Russia plans to halt the flow of Kazakh oil through the Druzhba pipeline to a refinery in …

Iran says seized two ships seeking to cross Strait of Hormuz

AFP - 2h ago

Iran's Revolutionary Guards said Wednesday their naval forces had seized two container ships seeking to cross the …

Oil prices rise despite US-Iran ceasefire extension

AFP - 2h ago

Oil prices edged higher Wednesday while Europe's main stock markets eased on uncertainty surrounding the prospect of …

Ships attacked in Gulf as Trump extends Iran ceasefire

AFP - 1h ago

Iranian gunboats attacked at least one container ship in the Strait of Hormuz on Wednesday, maritime agencies said, …

Germany set to slash growth forecast due to Mideast war

AFP - 3h ago

The German government on Wednesday is expected to cut its growth forecast for this year as the energy shock triggered by …

Oil falls, stocks mixed as traders weigh outlook after Trump extends truce

AFP - 2h ago

Oil prices fell and stocks were mixed Wednesday as investors assess the chances of US-Iran peace talks after Donald …

UK inflation jumps as Mideast war propels energy prices

AFP - 8h ago

Britain's annual inflation rate jumped to 3.3 percent in March as the Middle East war sent oil and gas prices surging, …

Oil, stocks mixed as traders weigh outlook after Trump extends truce

AFP - 3m ago

Oil prices fell and stocks were mixed Wednesday as investors assess the chances of US-Iran peace talks after Donald …

Anthropic probes unauthorized access to Mythos AI model

AFP - 9h ago

American AI developer Anthropic said Tuesday it was investigating unauthorized access to Mythos, its powerful model …

Chinese carmakers aim to build up presence in Europe

AFP - 10h ago

Chinese carmakers have quickly built up their presence in the lucrative European auto market, buoyed by technological …

Young Chinese use AI to launch one-person firms over job anxiety

AFP - 11h ago

Young Chinese, many who fear age discrimination in their workplace after turning 35, are increasingly starting …

Delicate extraction: Malaysia offers rare earths alternative to China

AFP - 6h ago

Workers load tonnes of rare earth minerals into bags ready for shipping at a refinery in eastern Malaysia, fuelling the …

Oil, stocks fall as traders weigh outlook after Trump extends truce

AFP - 4h ago

Oil prices fell along with stocks Wednesday as investors assess the chances of US-Iran peace talks after Donald Trump …

AI-powered robots offer new hope to German factories

AFP - 11h ago

A blue-eyed humanoid robot carefully opens a box and places a tool inside as a crowd of visitors watch the demonstration …

Indonesia orangutan forest cleared for 'carbon-neutral' packaging firm

AFP - 11h ago

Vast tracts of Indonesian rainforest home to endangered orangutans have been cleared for plantations supplying a maker …

Questions about Tesla spending binge ahead of earnings

AFP - 11h ago

Questions about Tesla's progress towards achieving fully autonomous driving at scale are expected to figure prominently …

SpaceX partners with AI startup Cursor, may buy it for $60 bn

AFP - 8h ago

SpaceX on Tuesday announced a partnership with AI coding company Cursor and said the alliance comes with an option to …

John Ternus to lead Apple in the age of AI

Apr 21 2026

The future of Apple is being entrusted to a company veteran said to combine hardware brilliance with "the soul of an …

Kevin Warsh, a former Fed 'hawk' now in tune with Trump

Apr 21 2026

Kevin Warsh, Donald Trump's choice to lead the US central bank, was once an inflation foe but has since made the case …

Strait of Hormuz blockade drives up costs at Panama Canal

Apr 21 2026

The war in the Middle East has boosted demand to move vital cargo through the Panama Canal to such an extent that one …

Stocks fall, oil climbs amid uncertainty over US-Iran talks

Apr 21 2026

Oil prices climbed and stocks slid Tuesday as uncertainty reigned over US-Iranian peace talks resuming, and the …

US Fed chair nominee says will not be controlled by Trump

Apr 21 2026

Donald Trump's choice to lead the US Federal Reserve, Kevin Warsh, stressed Tuesday that he would not be controlled by …

Chery wants to make small electric car in Europe

Apr 21 2026

Chinese carmaker Chery said Tuesday it wants to manufacture a small electric vehicle in Europe for the European market.

Singapore's Tang gets second term at UN's patent agency

Apr 21 2026

Singapore's Daren Tang was reappointed Tuesday for a second six-year term in charge of the United Nations' patent and …

US Fed chair nominee says he will not be controlled by Trump

Apr 21 2026

Donald Trump's choice to lead the US Federal Reserve, Kevin Warsh, stressed Tuesday that he would not be controlled by …

Stocks slip, oil climbs as US-Iran truce expiry looms

Apr 21 2026

Oil prices climbed and stocks slid Tuesday as uncertainty reigned over US-Iranian peace talks resuming and the …

In Portugal, Lula urges return to multilateralism

Apr 21 2026

Brazilian President Luiz Inacio Lula da Silva on Tuesday championed trade multilateralism, saying Brazil seeks …

US official says gas prices have peaked despite Iran war

Apr 21 2026

US Energy Secretary Chris Wright said Tuesday that gasoline prices appeared to have peaked after a surge linked to the …

Trump's Fed chair pick vows to safeguard independence at confirmation hearing

Apr 21 2026

Kevin Warsh, Donald Trump's choice to lead the US Federal Reserve, vowed Tuesday to protect central bank independence at …

Trump says Iran violated truce as doubt surrounds peace talks

Apr 21 2026

US President Donald Trump on Tuesday accused Iran of having repeatedly violated a temporary truce due to expire soon, …

Oil and stocks steady as US-Iran truce expiry looms

Apr 21 2026

Oil prices dipped and stocks mostly edged higher Tuesday as investors held out hope that despite conflictual rhetoric …

Apple's Tim Cook to step down as CEO after 15-year run

Apr 21 2026

Apple's Tim Cook will step down as the California tech giant's chief executive this year, handing the top job to a …

Bangladesh fuel crunch forces hours-long wait at the pump

Apr 21 2026

Day and night, drivers queue for hours for the chance to refill fuel tanks, as import-dependent Bangladesh grapples with …

German investor morale lowest in over 3 years on Iran war fallout

Apr 21 2026

German investor morale slid to its lowest level in over three years in April, a survey showed Tuesday, as the Middle …

FedEx faces French 'genocide' complaint over Israel cargoes

Apr 21 2026

American logistics giant FedEx has been targeted in France by a legal complaint alleging "complicity in the crime of …

No Iran delegation sent to US talks yet as truce expiry nears

Apr 21 2026

Iran said Tuesday it has not yet sent a delegation for new peace talks with the United States, as the temporary …

Russia, North Korea connect road bridge ahead of summer opening

Apr 21 2026

Russia and North Korea held a ceremony Tuesday to mark the joining of the first road bridge connecting the countries, …

'Strangled': Pakistan faces economic imperative in Iran war peace push

Apr 21 2026

Sheikh Nadeem sat on a plastic chair outside his bedding store in the Pakistani capital Islamabad, scrolling through his …

Oil prices dip, stocks rise on lingering Iran peace hopes

Apr 21 2026

Oil prices fell on Tuesday while stocks rose on lingering hopes for a deal to end the US-Iran war and reopen the Strait …

Turkey arrests 110 coal miners on hunger strike

Apr 21 2026

One hundred and ten Turkish coal miners who had marched 200 kilometres (125 miles) to stage a hunger strike for their …

Associated British Foods to spin off Primark clothes brand

Apr 21 2026

Associated British Foods announced Tuesday that it would spin off its budget fashion chain Primark, splitting up one of …

Hello Kitty's parent company to make own video games

Apr 21 2026

Seeking new fans for Hello Kitty, the company behind the enigmatic character on Tuesday launched a video games division …

Turkmenistan, the gas giant increasingly dependent on China

Apr 21 2026

In the desert expanse of Turkmenistan, Chinese engineers are hard at work at the vast Galkynysh gas field -- a mega …

Chinese AI circuit board maker soars on Hong Kong debut

Apr 21 2026

Shares in a Chinese tech firm that supplies US chip titan Nvidia soared almost 60 percent on its Hong Kong debut …

Oil prices dip, most stocks rise on lingering Iran peace hopes

Apr 21 2026

Oil prices fell on Tuesday while most stocks rose on lingering hopes for a deal to end the US-Iran war and reopen the …

Tim Cook's time as Apple chief marked by profit absent awe

Apr 21 2026

An Alabama-born engineer seen as a supply-chain savant, Tim Cook took on the daunting challenge of succeeding Apple's …

Trump's Fed chair pick to face lawmakers at key confirmation hearing

Apr 21 2026

Kevin Warsh, US President Donald Trump's choice to lead the Federal Reserve, will vow to protect central bank …

Amazon invests another $5 bn in Anthropic

Apr 21 2026

Amazon on Monday said it pumped another $5 billion into Anthropic as it ramps up its collaboration with the startup …

Apple's Tim Cook to step down as CEO in September

Apr 20 2026

Apple on Monday announced that Tim Cook will step down as the tech giant's chief executive officer in September, handing …

Oil jumps on Hormuz tensions, stocks mostly retreat

Apr 20 2026

US and European stocks reversed Monday as oil prices surged over fears hostilities could resume in the weeks-long Middle …

Colombian environmental activist honored amid threats and exile

Apr 20 2026

Afro-Colombian woman Yuvelis Morales, a 25-year-old who has spent most of her adult life working to block the world's …

Trump Fed chair pick to vow interest rate independence at key hearing

Apr 20 2026

Kevin Warsh, US President Donald Trump's choice to lead the Federal Reserve, will stress his dedication to central bank …

Blue Origin probing rocket's failure to deliver satellite

Apr 20 2026

The Federal Aviation Administration said Monday it is requiring Blue Origin to conduct a "mishap investigation" after …

UniCredit woos Commerzbank shareholders in takeover battle

Apr 20 2026

Italian bank UniCredit wooed shareholders in Germany's Commerzbank with promises of higher returns on Monday in moves …

Tit-for-tat blockades once again cripple traffic in Hormuz

Apr 20 2026

Traffic once again seized up in the Strait of Hormuz as both Tehran and Washington imposed separate blockades, with …

Branded pop-up events take center stage at Coachella

Apr 20 2026

With a multitude of promotional events almost as long and diverse as its artist lineup, Coachella, one of the biggest …

Oil jumps on Hormuz tensions, stocks retreat

Apr 20 2026

US and European stocks reversed Monday as oil prices surged over fears hostilities could resume in the weeks-long Middle …

Elon Musk snubs Paris prosecutors' summons over X and Grok

Apr 20 2026

Elon Musk did not appear Monday for a voluntary interview with Paris prosecutors, who had summoned the American tech …

European stocks slide as oil jumps on Hormuz tensions

Apr 20 2026

European stocks fell Monday as oil prices surged over fears hostilities could resume in the weeks-long Middle East war, …

Elon Musk summoned over French X deepfake probe but presence unclear

Apr 20 2026

Billionaire Elon Musk has been summoned for a voluntary interview in Paris on Monday as part of a French probe into his …

Anthropic says will put AI risks 'on the table' with Mythos model

Apr 20 2026

American AI developer Anthropic plans to "lay the risks out on the table" even as it restricts deployment of a new model …

Iran says no plan for US peace talks

Apr 20 2026

Iran insisted it has no plan to attend a new round of negotiations with the United States on Monday, as uncertainty …

Oil prices jump on Iran war escalation but stocks up on peace hope

Apr 20 2026

Oil prices surged Monday on a re-escalation of hostilities in the Middle East war after Iran closed the Strait of Hormuz …

France summons Elon Musk over X probe

Apr 20 2026

Billionaire Elon Musk has been summoned for a voluntary interview in Paris on Monday as part of a French probe into his …

Oil prices bounce back on Iran war escalation

Apr 20 2026

Oil prices surged Monday on a re-escalation of hostilities in the Middle East war after Iran closed the Strait of Hormuz …

Money, lobbyists, inertia: why fossil fuels are so hard to quit

Apr 20 2026

When the international community agreed to transition away from fossil fuels at the 2023 COP28 global climate summit, …

Rat poison found in baby food jar in Austria as products recalled

Apr 19 2026

Austrian police have found rat poison in a baby food jar in a probe that has seen the company HiPP recall the line over …

French billionaire shrugs off mass exodus at hallowed French publisher

Apr 19 2026

Conservative billionaire Vincent Bollore unapologetically vowed Sunday to find new authors for one of France's most …

Iran says final deal still far off as Hormuz Strait shuttered

Apr 19 2026

The strategic Strait of Hormuz was again closed on Sunday in the stand-off between Iran and the United States, with …

AI 'agent' fever comes with lurking security threats

Apr 19 2026

Artificial intelligence "agents" promise to save users time and energy by automating tasks, but the growing power of …

How France fell for reimagined 19th-century workers' canteens

Apr 19 2026

So-called bouillon restaurants are mushrooming all over France, reviving a traditional low-cost Gallic meal concept that …

Strait of Hormuz to stay closed until port blockade lifts, Iran says

Apr 19 2026

The crucial Strait of Hormuz will not reopen until the United States lifts its naval blockade on Iranian ports, Tehran …

Iran closes Hormuz Strait again, as Trump warns against 'blackmail'

Apr 18 2026

Iran's military declared the Strait of Hormuz closed again on Saturday, prompting ships to abandon attempts to transit …

US extends sanctions waiver on purchases of Russian oil

Apr 18 2026

US President Donald Trump's administration on Friday issued a month-long sanctions waiver allowing the sale of Russian …

Paramount's CinemaCon charm offensive gets lukewarm reception

Apr 18 2026

Paramount Skydance was on a charm offensive at CinemaCon this week, trying to convince theater owners that its megabucks …

China sex toy makers cautiously embrace AI wave

Apr 18 2026

Erotic chatbots, video-synced and voice-activated devices mesmerised visitors at a sex toy expo in Shanghai this …

Trade ships hit in Hormuz as Iran recloses strait

Apr 18 2026

Commercial ships came under fire and threats from Iran's military as they tried to cross the Strait of Hormuz on …

Trade ships hit in Hormuz as Iran reopening falters

Apr 18 2026

A handful of oil and gas tankers crossed the Hormuz Strait Saturday during a brief reopening, tracking data showed, but …

No date set for next round of Iran-US talks: Iran deputy FM

Apr 18 2026

No date has been set for the next round of Iran–US peace talks brokered by Pakistan following the failure of an initial …

Iran closes Hormuz Strait again over US blockade, ships reverse course

Apr 18 2026

Iran's military declared the Strait of Hormuz closed again on Saturday, its military command said, hours after reopening …