Business and Tech

Chinese developer misses major bond repayment of $179 million

AFP - 2m ago

Another Chinese property developer said Monday it had defaulted on a major bond repayment, citing liquidity problems …

New 'Halo' game debuts as Xbox turns 20

AFP - 1h ago

Fans will this week get their hands on the latest "Halo" video game, as Microsoft marks 20 years of the franchise that …

Yusaku Maezawa: irreverent billionaire fascinated by space

AFP - 1h ago

Japanese billionaire Yusaku Maezawa, who blasts off for the International Space Station this week, is an irreverent …

Russia to send Japanese tycoon to ISS in return to space tourism

AFP - 1h ago

Russia on Wednesday will send Japanese billionaire Yusaku Maezawa to the International Space Station in a move marking …

Asia's biggest flower market makes stars out of influencers

AFP - 1h ago

Boxes of roses, lilies and carnations pile up as influencer Caicai speaks into her smartphone from a small studio at …

Asia markets down on Omicron, US jobs data worries

AFP - 2h ago

Asian markets broadly fell in morning trading Monday, tracking uncertainty over the Omicron variant of Covid-19 as well …

Governments help arms firms avoid Covid slump: report

AFP - 2h ago

The world's biggest weapons manufacturers largely avoided the economic downturn caused by Covid-19 and recorded a growth …

Protesters hit S.Africa beaches to oppose oil exploration

AFP - 3h ago

Hundreds of environmentalist demonstrators gathered on South African beaches Sunday to protest against oil and gas …

Pipeline in Canada's west reopens after storm-linked closure

Dec 05 2021

Canada's Trans Mountain pipeline, closed since mid-November following record storms that washed out roads and train …

Disney's spell unbroken as 'Encanto' stays top of N.American box office

Dec 05 2021

Disney's animated musical fantasy film "Encanto" stayed in top place at the North American box office this weekend, …

'Metaverse' hype fuels booming digital property market

Dec 05 2021

The idea of spending millions on non-existent land may sound ludicrous -- but feverish predictions of a virtual reality …

Didi departure from NYSE marks end of Wall Street romance with Chinese big tech

Dec 05 2021

The Chinese ride-hailing giant Didi Chuxing's announcement that it will delist its shares from the New York Stock …

Texas bears brunt of US plastic pollution

Dec 05 2021

Former shrimper Diane Wilson watches in disgust as a Taiwan-owned factory in Texas spews millions of plastic pellets …

CNN fires Chris Cuomo over help he gave to governor brother

Dec 04 2021

CNN fired veteran anchor and correspondent Chris Cuomo, the cable news channel said Saturday, amid an investigation into …

Thousands block roads in Serbia to protest mining project

Dec 04 2021

Thousands of demonstrators blocked major roads across Serbia Saturday as anger swelled over a government-backed plan to …

Trump media venture says it has $1 bn investment pledge

Dec 04 2021

Donald Trump's fledgling social media venture and an investment vehicle it is partnering with said Saturday that …

BuzzFeed to go public after raising less money than expected

Dec 04 2021

American digital company BuzzFeed, known for its viral content and journalism, will go public on Monday after it …

Twitter admits policy 'errors' after far-right abuse

Dec 04 2021

Twitter's new picture permission policy was aimed at combating online abuse, but US activists and researchers said …

IMF chief warns Omicron could slow global growth

Dec 04 2021

The new Omicron variant of Covid-19 could slow the global economic recovery, just as the Delta strain did, IMF chief …

US hiring disappoints in November, complicating Biden's plans

Dec 04 2021

The United States added just 210,000 jobs last month, the government reported Friday, less than half the increase …

WHO says no Omicron deaths yet, as variant spreads worldwide

Dec 04 2021

The Omicron variant has been detected in 38 countries but no deaths have yet been reported, the WHO said on Friday, as …

Wikipedia creator's computer and NFT of first edit up for auction

Dec 04 2021

The personal computer that Wikipedia founder Jimmy Wales used when programming the online reference resource 20 years …

Pegasus maker probes reports its spyware targeted US diplomats

Dec 04 2021

The Israeli spyware maker in the Pegasus surveillance scandal said Friday it was investigating reports the firm's …

Stocks sag as weak US jobs data adds to Omicron worries

Dec 03 2021

Global stocks finished a volatile week on a downcast note Friday, sunk by festering worries over the Omicron variant and …

IMF says US Fed should accelerate rate hikes

Dec 03 2021

With the recent wave of price increases likely to remain a concern for some time, the US Federal Reserve should raise …

Stocks sag after weak US jobs data

Dec 03 2021

Equities fell Friday after weak US jobs data and as traders continued to fret over the possible economic impact of the …

Turkish inflation surges as currency crisis bites

Dec 03 2021

Turkey's annual inflation rate surged Friday above 20 percent -- its highest in three years -- although the main …

US closely monitoring China, Switzerland curreny policies

Dec 03 2021

The US Treasury said Friday it will keep a close eye on China's economic policies and actions to influence the value of …

Chinese govt summons Evergrande founder after warning on funds

Dec 03 2021

The Chinese government summoned the embattled founder of real estate firm Evergrande Friday, after the group issued a …

Weak US jobs data a boon for stocks

Dec 03 2021

Equities pushed higher on Friday after weak US jobs data reduced the likelihood of a quick tightening of US monetary …

UAE buys record 80 French fighter jets as Macron starts Gulf tour

Dec 03 2021

The United Arab Emirates signed a record 14-billion-euro contract for 80 Rafale warplanes and committed billions of …

French champagne houses expect bumper 2021 sales

Dec 03 2021

Champagne sales are expected to clock up a record year as shops and restaurants replenish stocks after months of …

Omicron spreads in US, Australia

Dec 03 2021

The United States and Australia announced their first locally transmitted cases of the Omicron variant as authorities …

European stocks waver on caution over Omicron

Dec 03 2021

European equities wavered Friday as dealers tracked Omicron news and awaited key US data, while oil prices surged after …

Turkey's inflation rate surges in currency crisis

Dec 03 2021

Turkey's annual inflation rate surged Friday above 20 percent -- its highest in three years -- although the main …

Chinese ride-hailing giant Didi to delist from New York exchange

Dec 03 2021

Chinese ride-hailing giant Didi Chuxing said Friday it would start the process of delisting its shares from the New York …

UAE signs deal for 80 French Rafale fighter jets: officials

Dec 03 2021

The United Arab Emirates has signed a deal for 80 French-made Rafale fighter jets, the biggest international order ever …

Most Asia markets rise with oil prices on easing Omicron fears

Dec 03 2021

Asian markets mostly rose with oil prices Friday on easing concerns about Omicron, ahead of the release of key US jobs …

China gives long-awaited approval to Boeing 737 MAX after crashes

Dec 03 2021

Chinese authorities have approved the Boeing 737 MAX to resume service after making a series of safety adjustments, …

US eyes winter battle as Omicron variant starts to spread

Dec 03 2021

First cases of local Omicron infections were reported Thursday and Friday in the United States and Australia, increasing …

Asia markets mixed as Omicron, Fed taper keep traders on edge

Dec 03 2021

Asian markets were mixed Friday as traders tracked developments in the Omicron virus strain as it spreads around the …

French concern about Chinese Alibaba cloud for Paris 2024

Dec 03 2021

Chinese e-commerce leader Alibaba Group's role as a "worldwide partner" of the Paris 2024 Olympic Games has sparked a …

Chinese ride-hailing giant Didi to de-list from New York exchange

Dec 03 2021

Chinese ride-hailing giant Didi Chuxing said Friday it would start the process of de-listing its shares from the New …

US adopts rule that could see Chinese firms leave Wall Street

Dec 03 2021

US market regulators on Thursday announced the adoption of a rule allowing them to delist foreign companies from Wall …

UN launches 'bodyright' symbol against online violence

Dec 03 2021

The United Nations on Thursday launched a campaign against gender-based violence on the internet, complete with the …

US sues to block chipmaker Nvidia's $40 bn merger with UK's Arm

Dec 03 2021

US regulators filed a lawsuit Thursday to block the $40-billion merger of graphics chip star Nvidia with mobile chip …

NASA awards $415 mn to fund three commercial space stations

Dec 03 2021

NASA on Thursday awarded three companies hundreds of millions of dollars to develop commercial space stations it hopes …

Germany cracks down on unjabbed as US eyes winter battle

Dec 03 2021

Germany unveiled strict curbs on the unvaccinated Thursday as alarm fanned worldwide over the Omicron variant, and Joe …

US stocks regain steam, oil gyrates as OPEC+ lifts output

Dec 02 2021

Wall Street stocks rallied after two straight losing sessions Thursday, while oil prices gyrated as OPEC+ decided to go …

IMF says chief economist taking top leadership role

Dec 02 2021

The IMF's high-profile chief economist Gita Gopinath next month will become the number two official at the …

'Game changer': Laos opens Chinese-built railway line

Dec 02 2021

Laos is set to open a $6 billion Chinese-built railway on Friday, with debt concerns balanced against hopes it could …

Elle says will drop fur from magazines worldwide

Dec 02 2021

Elle magazine announced on Thursday it will stop using fur in all its editorial and advertising content worldwide, …

Biden opens winter battle against Covid-19

Dec 02 2021

US President Joe Biden announced Thursday a winter campaign against Covid-19, with new testing requirements for …

Oil producers to increase output in January despite Omicron jitters

Dec 02 2021

Major oil producers decided Thursday to keep raising output levels in January, despite the Omicron coronavirus variant …

Markets volatile as Omicron and OPEC+ drive trading

Dec 02 2021

Oil prices swung sharply on Thursday as OPEC+ decided to go forward with a scheduled production hike despite the threat …

China gives long-awaited green light to Boeing 737 MAX after crashes

Dec 02 2021

Chinese authorities cleared the Boeing 737 MAX to resume service on Thursday, according to a government directive seen …

IMF warns of 'economic collapse' unless G20 extends debt relief

Dec 02 2021

The IMF on Thursday urged advanced economies in the G20 to extend and improve their debt relief initiative, warning that …

Brazil's economy enters recession

Dec 02 2021

Brazil's economy, the largest in Latin America, slid into recession in the third quarter of 2021 as agricultural …

Equities unsettled on Omicron, oil drops on OPEC+

Dec 02 2021

Fears about Omicron drove equities trading on Thursday, while oil prices fell as OPEC+ decided to keep on increasing …

Oil producers mull output as Omicron rattles markets

Dec 02 2021

Major oil producers began meeting Thursday to decide on output levels from January, with a freeze possible as the …

Twitter shuts propaganda accounts in six countries

Dec 02 2021

Twitter on Thursday said it had shut down nearly 3,500 accounts that were posting pro-government propaganda in six …

Germany eyes crackdown on unjabbed as US eyes winter battle

Dec 02 2021

Leaders in Germany were poised to approve a de-facto lockdown for the unvaccinated Thursday with the United States set …

European equities drop as Omicron reaches United States

Dec 02 2021

European stock markets slid Thursday with sentiment hit by the first Omicron case in the United States, but oil rallied …

Hong Kong launches China-style tracking app for mainland travel

Dec 02 2021

Hong Kongers travelling to China will need to download a tracking app similar to those used on the mainland, local …

Morocco border closure spells doom for tourism sector

Dec 02 2021

Moroccan tourism operators are facing potential ruin after the country abruptly shut its borders over the Omicron …

Hong Kong quarantine pushes Cathay pilots to 'breaking point'

Dec 02 2021

Cathay Pacific has been hit by a wave of pilot resignations in recent weeks as resentment over Hong Kong's strict …

Asian stocks mixed with traders sensitive to Omicron headlines

Dec 02 2021

Asian markets were mixed Thursday and oil edged up with traders trying to claw back Omicron-induced losses but still …

Tweed weaves a way from Scottish islands to catwalk

Dec 02 2021

In the cluttered workshop of his home off the coast of northwest Scotland, Ian Mackay patiently weaves a bright green …

WHO warns of 'toxic mix' as EU chief mulls mandatory Covid jabs

Dec 02 2021

The WHO has issued stern warnings on the dangers of vaccination apathy and the European Union put mandatory jabs on the …

Shuttered Hong Kong democracy paper wins press freedom award

Dec 02 2021

Jailed Hong Kong media tycoon Jimmy Lai and the staff of his now-shuttered Apple Daily newspaper have been awarded a …

Vietnam's spectacular terraced ricefields wait for tourists

Dec 02 2021

As the morning sun finds its way through the mist over Vietnam's terraced rice fields, local farmers lead buffalo into …

Japan eases blanket ban on new incoming flight bookings

Dec 02 2021

Japan has softened its suspension of all new incoming flight bookings to make it easier for citizens to return, the …

Top oil producers may freeze output amid Omicron concerns

Dec 02 2021

Major oil producers are due to meet Thursday to decide on output levels from January onwards, which could be frozen as …

Payments firm Square gets new corporate name: Block

Dec 02 2021

Digital payments firm Square, which was co-founded and is still led by former Twitter chief Jack Dorsey, on Wednesday …

Stanford engineers build bird bots that can perch and grab objects

Dec 02 2021

Inspired by how birds land and perch on branches, a team of engineers at Stanford University has built robotic graspers …

United States is world's biggest plastic polluter, report finds

Dec 02 2021

The United States is by far the biggest contributor to global plastic waste in the world, according to a new report …

Tinder owner to pay founders $441 mn to settle valuation lawsuit

Dec 02 2021

The company that owns Tinder will pay $441 million to the popular dating app's founders to settle a dispute over the …

Facebook hits anti-vaccine campaign harassing doctors

Dec 01 2021

Facebook's parent company Meta said Wednesday it had derailed an anti-vaccine campaign that harassed medical workers, …

Wall Street dives as Omicron arrives in US

Dec 01 2021

Major US stock indices closed lower for the second straight day Wednesday after the first case of the Omicron variant of …

Facebook whistleblower warns US lawmakers of regulation deadlock

Dec 01 2021

Facebook whistleblower Frances Haugen urged a US Congress panel Wednesday not to get mired in drawn out debate amid a …

Supply snags hurting US growth, but may be easing, Fed says

Dec 01 2021

The US economy continues to struggle with supply issues that have pushed prices higher in recent weeks, but there are …

US judge dismisses ad discrimination suit against McDonald's

Dec 01 2021

A federal judge dismissed a discrimination lawsuit that accused McDonald's of refusing to advertise on Black-owned media …

Armani gives up angora wool as part of fur-free policy

Dec 01 2021

Italian fashion house Armani announced Wednesday it would no longer use angora wool, a product made from rabbit hair, as …

Global markets recover from Omicron turmoil

Dec 01 2021

Global stock markets rebounded Wednesday and oil prices surged following Omicron-driven losses on the eve of a key …

ExxonMobil aims to double profits on restrained spending

Dec 01 2021

ExxonMobil released a plan Wednesday that aims to double oil company's profits by 2027 as it expands lower-emissions …

Guernsey issues 40 EU fishing licences amid France row

Dec 01 2021

Guernsey on Wednesday issued fishing licences to 40 European Union boats, in the latest move over post-Brexit access …

ExxonMobil aims to double profits n restrained spending

Dec 01 2021

ExxonMobil released a plan Wednesday that aims to double oil company's profits by 2027 as it expands lower-emissions …

EU chief mulls mandatory Covid jabs as Omicron fears deepen

Dec 01 2021

Europe's top official said Wednesday it was time to "think about mandatory vaccination" as the fast-spreading Omicron …

Renewables accelerating, but must go faster to meet net zero: IEA

Dec 01 2021

Global growth in renewable electricity production is set to accelerate but needs to speed up even more to meet targets …

Without women and aid, Afghan economy will collapse, UN warns

Dec 01 2021

When Maryam went shopping in Kabul this week after several weeks cooped up at home, the Afghan mother was shocked to …

OECD warns Omicron threatens world economy

Dec 01 2021

The OECD warned Wednesday that the Omicron coronavirus variant threatens the global economic recovery as it lowered the …

China denies report it is looking to close foreign IPO loophole

Dec 01 2021

Beijing on Wednesday denied a report that it was looking to plug a loophole used by Chinese tech companies to go public …

Global markets rebound after Omicron turmoil

Dec 01 2021

Global stock markets rebounded Wednesday and oil prices surged following Omicron-driven losses and on the eve of a key …

Erdogan defends 'risky but correct' economic policy

Dec 01 2021

Turkish President Recep Tayyip Erdogan defended Wednesday his "risky but correct" economic policy of low interest rates …

Google to halt election ads ahead of 2022 Philippines vote

Dec 01 2021

Google will stop carrying election ads in the Philippines ahead of the May 2022 presidential vote, the internet giant …

OECD cuts world growth forecast, warns of Omicron threat

Dec 01 2021

The OECD warned Wednesday that the Omicron coronavirus variant threatens the global economic recovery as it lowered the …

OECD lowers world GDP forecast, says vaccination key

Dec 01 2021

The OECD lowered the world's economic growth outlook for 2021 on Wednesday and called for a swifter rollout of Covid …

Asian markets rise, oil rallies as virus and Fed hold attention

Dec 01 2021

Asian markets mostly rose Wednesday while oil prices bounced as traders assessed the global economic outlook after top …

Japan stops flight bookings despite WHO Omicron travel ban warning

Dec 01 2021

Japan suspended all new flight bookings into the country from Wednesday in response to Omicron, ignoring a World Health …

WHO warns against Omicron travel bans as nations shut borders

Dec 01 2021

The World Health Organization has warned blanket travel bans will not prevent the spread of Omicron, as more countries …

Lira crisis gives Turkish opposition chance to challenge Erdogan

Dec 01 2021

Turkey's currency crisis has cut into the popularity of President Recep Tayyip Erdogan, handing the opposition a golden …

New Twitch tool helps battle ban evaders

Dec 01 2021

Gaming platform Twitch on Tuesday introduced a tool that detects and blocks users who evade bans, a longstanding problem …