Business and Tech

EU unveils unprecedented 750 bn euro recovery plan

AFP - 25m ago

European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe, …

Japan outlines fresh stimulus package for virus-hit economy

AFP - 43m ago

Japan announced fresh stimulus plans worth nearly $300 billion on Wednesday to pep up the economy after the coronavirus …

Renault-Nissan-Mitsubishi deepen their alliance

AFP - 59m ago

Struggling automakers Renault, Nissan and Mitsubishi unveiled Wednesday a plan to deepen their alliance, a top global …

EU's Von der Leyen to unveil unprecedented recovery plan

AFP - 1h ago

European Union chief Ursula von der Leyen will on Wednesday propose a 750-billion-euro post-virus recovery fund for …

Twitter calls Trump tweets 'unsubstantiated' for the first time

AFP - 2h ago

Twitter labelled two Donald Trump tweets "unsubstantiated" and accused him of making false claims Tuesday, a first for …

Stock markets mixed as China-US tensions return to fore

AFP - 2h ago

Equities were mixed Wednesday as profit-taking and worries about deteriorating China-US relations were weighed against …

Rio Tinto admits damaging Australian Aboriginal heritage site

AFP - 3h ago

Anglo-Australian mining giant Rio Tinto has admitted damaging ancient Aboriginal rock shelters in the remote Pilbara …

EU readies trillion-euro aid plan as virus hammers Latin America

AFP - 4h ago

A one-trillion-euro recovery plan to get Europe back on its feet after the devastation wreaked by the coronavirus …

Don't let patent rows hamper search for virus vaccine: UN agency

AFP - 3h ago

The UN patent agency has hailed the push to create a coronavirus vaccine and make it globally available, but warned …

French economy making 'cautious' virus lockdown recovery

AFP - 4h ago

Economic activity in France is making a clear if cautious recovery after lockdown measures were relaxed earlier this …

Virus sparks record drop in energy investment: IEA

AFP - 5h ago

The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on …

After rare silence, Istanbul's Grand Bazaar prepares to reopen

AFP - 6h ago

An eerie silence has fallen over Istanbul's Grand Bazaar, one of the world's oldest, largest and most visited markets, …

Stock markets in retreat as China-US tensions return to fore

AFP - 2h ago

Asian equities mostly fell Wednesday as profit-taking and worries about deteriorating China-US relations outweighed …

Montenegro woos tourists to Europe's 'corona-free' corner

AFP - 8h ago

Less than two months after detecting its first infection, Montenegro is the first country in Europe to declare itself …

Amazon may buy robo-taxi startup Zoox: WSJ

AFP - 5h ago

Amazon is in talks to buy robo-taxi startup Zoox, accelerating its efforts when it comes to self-driving vehicles, the …

EU's Von der Leyen to unveil trillion-euro recovery plan

AFP - 8h ago

European Union chief Ursula von der Leyen will on Wednesday propose a roughly one-trillion-euro post-virus recovery fund …

From Wall Street to Bethlehem, iconic sites reopen from virus

AFP - 36m ago

Iconic world sites from the New York Stock Exchange to the Church of the Nativity reopened their doors Tuesday from the …

Twitter labels Trump tweets 'unsubstantiated' for first time

AFP - 34m ago

Twitter labelled two of Donald Trump's tweets "unsubstantiated" and accused him of making false claims Tuesday, a first …

Trump sounds warning over Hong Kong's future

AFP - 11h ago

US President Donald Trump on Tuesday warned that Hong Kong could lose its status as a global financial center if a …

Quebec comes to rescue of struggling Cirque du Soleil

May 26 2020

The Quebec government on Tuesday offered a conditional loan of US$200 million to Cirque du Soleil, the world's most …

Floor trading resumes at NYSE, with masks and plexiglas

May 26 2020

The New York Stock Exchange, the symbolic heart of Wall Street, reopened its floor Tuesday after a two-month closure due …

Shares in Latin America's biggest airline plunge after bankruptcy filing

May 26 2020

Shares in Latin America's largest airline plunged on the New York and Santiago stock exchanges on Tuesday after LATAM …

Disney, CBS sued for 'rampant' sexual harassment on cop show

May 26 2020

California sued Disney and CBS for allegedly covering up 14 years of sexual harassment against male crew members on the …

Global stocks rise on hopes for economic rebound, vaccine

May 26 2020

Further easing of coronavirus lockdowns pushed global equities higher on Tuesday, with optimism stoked by the reopening …

US consumer confidence index steady in May at 86.6: survey

May 26 2020

US consumer confidence stabilized in May at 86.6, after two months of sharp declines as the coronavirus pandemic slammed …

YouTube says removal of China comments 'an error'

May 26 2020

YouTube said Tuesday it was investigating the removal of comments critical of the Chinese Communist Party from the …

Macron unveils 8 bn-euro French auto rescue, champions electric cars

May 26 2020

President Emmanuel Macron on Tuesday announced an 8-billion euro ($8.8 billion) plan to revive France's auto industry by …

Shares in Latin America's biggest airline drop 35% after bankruptcy filing

May 26 2020

Shares in Latin America's largest airline plunged 35 percent on the Santiago stock exchange on Tuesday after LATAM filed …

Facebook wallet for Libra digital coins renamed 'Novi'

May 26 2020

Facebook's virtual wallet for yet-to-be-minted Libra digital coins was renamed "Novi" on Tuesday.

France unveils 8 bn-euro plan to revive auto sector through electric cars

May 26 2020

President Emmanuel Macron on Tuesday announced an 8-billion euro ($8.8 billion) plan to revive France's auto industry by …

Britain's McLaren scales back F1 racing due to lockdown losses

May 26 2020

British Formula 1 team and supercar maker McLaren said Tuesday it will cut 1,200 jobs and signficantly scale down its …

French airport buzzes with activity as others fall silent

May 26 2020

Most airports have become ghost towns since measures to contain the coronavirus pandemic drastically reduced air …

Stock markets rise as reopenings trump geopolitical tensions

May 26 2020

Further easing of coronavirus lockdowns pushed equities higher on Tuesday, with optimism stoked by the reopening of …

NYSE floor reopens as world tries to kickstart post-virus economy

May 26 2020

From the floor of the New York Stock Exchange to the Church of the Nativity, numerous iconic world landmarks reopened on …

US new home sales rebound slightly in April

May 26 2020

New US home sales edged up in April after two months of steep declines, but prices continued to fall amid the pandemic …

Ryanair says will appeal Lufthansa rescue deal

May 26 2020

Irish no-frills airline Ryanair said Tuesday it will appeal against Germany's temporary partial nationalisation of rival …

McLaren says to cut 1,200 jobs due to pandemic

May 26 2020

British Formula 1 team and supercar maker McLaren said Tuesday it plans to cut 1,200 jobs after the coronavirus crisis …

ECB warns virus response could renew fears of euro breakup

May 26 2020

A vast fiscal fightback to the coronavirus crisis unleashed by eurozone governments could raise questions about …

Equities rally as reopenings trump geopolitical tensions

May 26 2020

Further easing of countries' coronavirus lockdowns pushed equities higher Tuesday, with the reopening of bars, cafes, …

Aston Martin CEO steps down as 007 carmarker hits skids

May 26 2020

Aston Martin chief executive Andy Palmer has left James Bond's favourite carmaker as it seeks to recover from crashing …

Singapore warns of worst economic contraction since independence

May 26 2020

Singapore's virus-hit economy could shrink by as much as seven percent this year -- the worst reading since independence …

At home, Merkel wins backing for EU aid U-turn

May 26 2020

Chancellor Angela Merkel shattered a long-standing German taboo last week when she unexpectedly unveiled a plan to fund …

Hong Kong leader tries to reassure investors rattled by China law

May 26 2020

China's plans to impose a new security law on Hong Kong will not erode freedoms, the city's leader said Tuesday, as she …

Macau casino tycoon Stanley Ho dies aged 98

May 26 2020

Stanley Ho, the Hong Kong-born tycoon who made billions transforming neighbouring Macau from a sleepy Portuguese outpost …

Latin America's largest airline LATAM files for bankruptcy in US

May 26 2020

Latin America's largest airline LATAM filed for bankruptcy in the US on Tuesday, the company said in a statement, …

WHO stops hydroxychloroquine trials over safety concerns

May 26 2020

The WHO suspended trials of the drug that Donald Trump has promoted as a coronavirus defence, fuelling concerns about …

Hong Kong airport to resume limited transit services

May 26 2020

Hong Kong will partly resume transit services at its international airport next week, the city's leader announced …

China's mask boom takes fabric away for nappy makers

May 26 2020

China's ramp-up of mask production to counter the coronavirus outbreak has claimed unlikely victims -- nappies, wet …

Equities build on gains as reopenings trump geopolitical tensions

May 26 2020

A further easing of lockdown measures across the planet continued to push equities higher in Asia on Tuesday, with the …

'Bada... Bing... Bang'? HBO throws out rulebook with streaming launch

May 26 2020

Decades before glossy Netflix and Amazon shows began luring Hollywood A-listers to the small screen, cable network HBO …

Virus-hit Singapore economy to shrink up to 7%: govt

May 26 2020

Singapore's economy, a bellwether for global trade, could shrink by as much as 7.0 percent this year, as the coronavirus …

Europe lifts virus shutters as Japan ends emergency

May 26 2020

Europeans flocked to parks, gyms and pools on Monday as more countries eased coronavirus restrictions, while Japan …

First test of Virgin Orbit rocket fails to accomplish goal

May 26 2020

The first test launch of a rocket that is released from a jumbo jet at 35,000 feet and then propels itself into orbit to …

Weather iffy for SpaceX astronaut launch

May 25 2020

Aside from a threat of bad weather, NASA and SpaceX confirmed Monday that everything is all-systems-go for their …

First Iranian oil tanker docks in Venezuela

May 25 2020

The first of five Iranian tankers carrying much-needed gasoline and oil derivatives docked in Venezuela on Monday, …

US urges probe into alleged ethics breach at African Development Bank

May 25 2020

The US Department of the Treasury has called on the African Development Bank (AfDB) to carry out an independent probe …

German govt to climb aboard at Lufthansa in virus rescue

May 25 2020

Berlin will climb aboard airline giant Lufthansa as its largest shareholder in a nine-billion-euro ($9.8 billion) rescue …

Stock markets climb on lockdown easing hopes

May 25 2020

Global stock markets climbed Monday, buoyed by the prospect of further easing of coronavirus lockdowns despite sharp …

Berlin announces temporary part-nationalisation for Lufthansa

May 25 2020

Berlin will climb aboard airline giant Lufthansa as a shareholder in a nine-billion-euro ($9.8 billion) rescue if …

US urges probe into alleged ethics breach by African Development Bank

May 25 2020

The US Department of the Treasury has called on the African Development Bank (AfDB) to carry out an independent probe …

Lufthansa faces long virus recovery as state rescue nears

May 25 2020

Partial nationalisation appeared within reach Monday for German airline Lufthansa, facing the prospect of lingering …

Beijing vows to shield firms from US sanctions over Xinjiang

May 25 2020

Beijing on Monday vowed to shield a Chinese government institute and eight companies sanctioned by the US over alleged …

Stock markets firmer on lockdown easing hopes

May 25 2020

Global stock markets were firmer Monday, buoyed by the prospect of further easing of coronavirus lockdowns despite sharp …

Top German court grants buybacks for VW diesel car owners

May 25 2020

A top German court ruled Monday that Volkswagen must buy back a diesel car it modified to appear less polluting, a …

Asia stocks up as lockdowns eased, Hong Kong reverses early loss

May 25 2020

Most Asian markets rose Monday as a further opening up of economies from lockdown offset worries over worsening China-US …

Top German court to rule on VW 'Dieselgate' compensation

May 25 2020

Almost five years after Volkswagen's admission to cheating on emissions tests involving millions of diesel engined cars, …

Melon-aires not required as Japan premium fruit prices plunge

May 25 2020

A pair of premium Japanese melons sold Monday for just a slice of the five million yen ($46,000) reached at auction last …

Asia stocks up as lockdowns eased, Hong Kong pares early losses

May 25 2020

Most Asian markets rose Monday as a further opening up of economies from lockdown offset worries over worsening China-US …

Qatar virus tracing app stirs rare privacy backlash

May 25 2020

Privacy concerns over Qatar's coronavirus contact tracing app, a tool that is mandatory on pain of prison, have prompted …

Asia stocks mostly up on lockdown easing but Hong Kong extends losses

May 25 2020

Most Asian markets rose Monday as a further opening up of economies from lockdown offset worries over worsening China-US …

Cirque du Soleil founder wants to buy back show

May 25 2020

Cirque du Soleil founder Guy Laliberte announced Sunday he intends to try to buy back the world's most famous circus …

Germany's top court to rule on compensation for VW diesel cheating

May 25 2020

Almost five years after Volkswagen's admission to cheating on regulatory emissions tests involving millions of cars, …

'It's kind of glum': US farmers worry as crop prices dip

May 25 2020

Dave Burrier steered his tractor through a field, following a GPS map as he tried to plant as much corn as possible amid …

Rocketman (and woman): Elon and Gwynne, the pair who made SpaceX

May 25 2020

Space Exploration Technologies Corp. -- commonly known as SpaceX -- is slated to send two astronauts into space on …

Cleaning crews ready for reopening in post-pandemic US

May 25 2020

Tables, chairs, counters, doors: reopened US businesses and restaurants will have to focus on thorough disinfecting if …

White House economist sees double digit jobless rate through US elections

May 24 2020

US unemployment is likely to remain in double digits as Americans go to the polls in November, a top White House …

China exporters look inwards as virus hits overseas markets

May 24 2020

Cancelled shipments, returned goods and a dearth of new orders have left China exporters in crisis as the coronavirus …

Pandemic gives Dubai chance to put tech to the test

May 24 2020

From smart police helmets to research labs, the novel coronavirus has given Dubai an opportunity to test its …

The trader who called the 2020 oil crisis

May 24 2020

French oil trader Pierre Andurand was catapulted into the spotlight this year after correctly betting that the deadly …

Silicon Valley perks up its ears for buzzy audio chat startup

May 24 2020

It's a secret, almost. But Silicon Valley is buzzing over a new audio-chat social network which is struggling to keep …

Hard times for Boeing, long a symbol of American might

May 24 2020

Faced with the calamitous fallout from the coronavirus on airline customers and the broader economy, Boeing found itself …

SpaceX ready to launch astronauts into space for the first time

May 24 2020

In the beginning, everyone was skeptical. But Elon Musk's SpaceX defied expectations -- and on Wednesday hopes to make …

US virus tracking: a patchwork of apps, human tracers

May 24 2020

Digital or manual? Bluetooth or GPS? Centralized or decentralized?

Debate over reopening US plays out online and in the streets

May 24 2020

When his business was hit by a coronavirus lockdown, Josh Ellis saw a threat to his livelihood and a breach of the US …

Credit Suisse: bankers will work from home more after crisis

May 23 2020

Credit Suisse, Switzerland's second-biggest bank, reckons 10-20 percent of its working hours will be done from home …

Virus-hit Hertz declares bankruptcy in US and Canada

May 23 2020

Global car rental company Hertz became the latest economic casualty of the coronavirus pandemic Friday, filing for …

In the absence of tourists, locals reclaim their cities

May 23 2020

In Barcelona, Laia and her daughter stroll peacefully in Park Guell. At the same time, Mladen savours the silence of the …

Coronavirus edges Greece closer to e-governance

May 23 2020

The coronavirus crisis has forced Greece to take rapid steps to computerise its lumbering civil service and belatedly …

Germans opt for staycations as virus fears linger

May 23 2020

Germans usually love their sun-soaked summer holidays abroad. But fears of a second wave of coronavirus infections have …

Top Venezuela court orders seizure of AT&T subsidiary assets

May 23 2020

Soldiers surrounded the Caracas headquarters of television provider DirecTV, owned by AT&T, on Friday after a ruling by …

Argentina in default but creditor negotiations continue

May 23 2020

Argentina defaulted on Friday for the second time in less than 20 years after failing to pay $500 million of interest on …

US video game industry sees record April sales: survey

May 23 2020

Spending on video games in the US jumped to a new April record as locked-down consumers sought refuge in play, industry …

Latin America named virus epicenter as Trump demands churches reopen

May 22 2020

The World Health Organization declared Latin America "a new epicenter" of the coronavirus pandemic Friday as US …

Hong Kong shares tumble as Beijing moves to tighten its grip

May 22 2020

Wall Street and European stocks ended mixed on Friday following heavy losses in Hong Kong over China's push for a …

NASA gives go-ahead for first crewed SpaceX flight on May 27

May 22 2020

NASA gave the green light on Friday to next week's launch of two astronauts aboard a SpaceX vessel -- the first crewed …

China takes massive economic hit as Russia virus toll mounts

May 22 2020

China warned Friday that its huge economy will suffer an immense hit from the coronavirus, as the ongoing pandemic and …

US mulls 'nuclear option' as China threatens Hong Kong autonomy

May 22 2020

The United States on Friday stepped up threats to strip Hong Kong of special trading privileges as it led Western …

China draws Western rebuke over move to tighten grip on Hong Kong

May 22 2020

China drew Western condemnation on Friday over plans for a national security law to quash Hong Kong's pro-democracy …

Wall Street, Europe insipid after Hong Kong sell-off

May 22 2020

Wall Street and European markets turned in an insipid performance Friday after heavy losses for Hong Kong over China's …

Italy's restaurants, shops caught between rock and hard place

May 22 2020

The reopening of Italy's restaurants, cafes and stores earlier this week brought hopes of a return to normality for many …

Default looms for Argentina despite debt deadline extension

May 22 2020

Argentina was teetering on the brink of a second default this century on Friday as the deadline for a $500 million bond …

Cyprus ends passenger flights ban from June 9 with conditions

May 22 2020

Cyprus will reopen its airports to commercial flights from June 9 after nearly three months of lockdown, Transport …