Business and Tech

Trump administration completes rollback of Obama anti-coal plan

AFP - 30m ago

President Donald Trump's administration on Wednesday finalized its rollback of an Obama-era plan to cut harmful …

UK makes 'first' conviction over 3D printed gun

AFP - 32m ago

A student was convicted on Wednesday of manufacturing a firearm using a 3D printer, in what London's police said they …

Pilots tell US Congress more training needed on 737 MAX

AFP - 1h ago

US pilots called Wednesday for enhanced pilot training on the Boeing 737 MAX before the aircraft is returned to service …

Stock markets hold their breath before Fed update

AFP - 1h ago

Stock markets on both sides of the Atlantic paused Wednesday after the previous session's strong rally, as investors …

Crimped by sanctions, Russia quietly keeps busy at Paris Air Show

AFP - 1h ago

The iconic red stars adorning Russian aircraft are noticeably absent from this year's Paris Air Show, but Russian …

Adidas loses EU court battle over 'three stripe' design

AFP - 2h ago

German sportswear giant Adidas on Wednesday lost a legal battle to trademark its "three stripe" motif in the EU, as a …

Game of drones: Airports rally firms to battle threat from above

AFP - 2h ago

A quadcopter drone appears on the radar screen and makes a beeline for the control tower at Paris' Le Bourget airport.

Trump pokes Fed on rates as policy meet opens

AFP - 2h ago

With no letup in pressure from the White House, the Federal Reserve on Wednesday began the final day of a policy meeting …

Thousands of big energy reps at UN climate talks: monitor

AFP - 5m ago

Lobby groups representing some of the world's biggest polluters have sent thousands of delegates to negotiations aimed …

European stock markets pause before Fed update

AFP - 2h ago

European stock markets steadied Wednesday after the previous session's strong rally, as investors awaited a key monetary …

Gun 'that ended Van Gogh's life' sells for nearly triple estimate

AFP - 3h ago

The revolver with which Vincent van Gogh is believed to have shot himself sold for 162,500 euros ($182,000) at a Paris …

In China's Chongqing, high-rises buck property slowdown

AFP - 2h ago

In many Chinese cities, government restrictions have cooled formerly feverish property markets, but in the southwestern …

Gun 'that ended Van Gogh's life' goes under hammer

AFP - 4h ago

The revolver with which Vincent van Gogh is believed to have shot himself goes under the hammer at a Paris auction house …

OPEC to meet July 1 and 2 after several postponements

AFP - 8h ago

Major oil-producing countries meet in Vienna on July 1 and 2, the OPEC website and a delegate said Wednesday, after the …

Asian markets extend global rally as Trump fuels trade deal hope

AFP - 2h ago

Asian markets rallied Wednesday after Donald Trump hailed "very good" phone talks with Xi Jinping and said they would …

UK crown dependencies agree greater tax transparency

AFP - 8h ago

Guernsey, Jersey and the Isle of Man plan by 2023 to publish the currently secret information on ownership of companies …

Tiny houses entice budget-conscious Americans

AFP - 11h ago

In a country that nearly always believes bigger is better -- think supersize fries, giant cars and 10-gallon hats -- …

Senegal shines in showcase for female tech innovation

AFP - 12h ago

Barcode health cards, mobile apps for victims of violence and an online legal platform are just some of the ideas …

In his remit: African fintech entrepreneur helps migrants move money

AFP - 10h ago

The money transfer business is personal for Ismail Ahmed. It was cash wired by his family that allowed him to make the …

Promised $9 mn online, US teen killed 'best friend': police

AFP - 13h ago

An American teenager has been charged with conspiring to murder her "best friend" after a man she met online offered her …

Trump-Xi meeting at G20 raises hope for trade truce

AFP - 13h ago

US President Donald Trump and Chinese leader Xi Jinping have agreed to meet at the G20 summit in Japan next week, …

Kinshasa: Commuting hell in DR Congo's capital

AFP - 11h ago

Cities almost everywhere have transport problems -- just ask people stuck in traffic jams or overcrowded trains for …

Trump continues to poke Fed as policy meet opens

AFP - 1h ago

With no letup in pressure from the White House, the Federal Reserve on Wednesday is set to make its latest policy …

Slack primed as latest unicorn to make market debut

AFP - 14h ago

The 2019 parade of big new Wall Street entrants continues this week with the debut of Slack Technologies, underscoring …

Facebook takes on the world of cryptocurrency with 'Libra' coin

Jun 18 2019

Facebook unveiled plans Tuesday for a new global cryptocurrency called Libra, pledging to deliver a stable virtual money …

ECB's Draghi brushes off Trump charge of currency manipulation

Jun 18 2019

European Central Bank chief Mario Draghi said Tuesday that the institution "doesn't target the exchange rate", shrugging …

Global stocks rally on G20 hopes, dovish ECB

Jun 18 2019

Global stocks scored strong gains Tuesday on twin investor-friendly developments: upbeat comments from the US and China …

Court accepts Brazil giant Odebrecht's bankrupcy protection request

Jun 18 2019

A court in Sao Paulo on Tuesday accepted a request by Brazilian conglomerate Odebrecht to begin a corporate recovery …

Google pledges $1 bn for housing crisis in Bay Area

Jun 18 2019

Google on Tuesday pledged to commit more than $1 billion to help address the severe housing crisis in the region that …

Anadarko to invest $25 billion in Mozambique gas project: govt

Jun 18 2019

US energy firm Anadarko plans to invest $25 billion (22 billion euros) in developing gas reserves off the northern …

Boeing's troubled 737 MAX gets huge vote of confidence from IAG

Jun 18 2019

US aircraft giant Boeing got a welcome vote of confidence in its beleaguered 737 MAX plane on Tuesday when International …

China to block pork imports from Canadian firm: Xinhua

Jun 18 2019

China will suspend pork imports from Canada's Frigo Royal after traces of a banned feed additive were found in its …

Europe wary as Facebook takes up cryptocurrency challenge

Jun 18 2019

European financial leaders on Tuesday vowed vigilance after Facebook announced it was diving into the cryptocurrency …

Only eight EU countries to phase out coal by 2030

Jun 18 2019

The EU said Tuesday that eight of its 28 member countries aim to phase out coal-powered electricity by 2030, triggering …

Germany's Siemens says to cut 2,700 jobs worldwide

Jun 18 2019

Industrial conglomerate Siemens said Tuesday it would slash 2,700 jobs worldwide at its gas and power unit, including …

Eight EU countries to phase out coal by 2030

Jun 18 2019

Eight of the EU's 28 countries have pledged to phase out coal for electricity production by 2030 to reduce greenhouse …

Saudi, Philippines airlines order Airbus, IAG goes for Boeing

Jun 18 2019

Saudi Arabian Airlines, the kingdom's national airline, said Tuesday it had ordered 65 A320neo-type aircraft from …

With virtual money, Facebook bets on disrupting the world, again

Jun 18 2019

Facebook's ambitious plan for a virtual currency has the potential to disrupt the way people store, spend and send money …

'Super Mario' sends stock markets skyward

Jun 18 2019

European Central Bank Mario Draghi sent Europe's stock and bond markets surging on Tuesday by hinting at further …

US Fed meet opens as markets eye shift in course

Jun 18 2019

Under intense scrutiny from the White House, the US central bank opened its two-day policy meeting on Tuesday to decide …

IAG signals intent to buy 200 Boeing 737 MAX aircraft

Jun 18 2019

US aircraft giant Boeing and British Airways owner International Airlines Group have signed a letter of intent for …

Trump says having 'extended meeting' with Xi at G20 summit

Jun 18 2019

US President Donald Trump said Tuesday he had a positive phone conversation with his Chinese counterpart Xi Jinping and …

With 'Libra,' Facebook takes on the world of cryptocurrency

Jun 18 2019

Facebook unveiled plans Tuesday for a new global cryptocurrency called Libra, pledging to bring a stable virtual money …

Trump cries currency manipulation over ECB talk of rate cuts

Jun 18 2019

European Central Bank chief Mario Draghi sparked anger from US President Donald Trump on Tuesday, when his hint at …

France demands 'guarantees' on Facebook's cryptocurrency plan

Jun 18 2019

France's finance minister said Tuesday that strong guarantees were needed over the use of cryptocurrencies after …

US home construction dips in May

Jun 18 2019

Construction of new homes dipped in May, with declines across much of the country, according to new data released …

Greece calls on EU to condemn 'illegal' drilling off Cyprus

Jun 18 2019

Greek Prime Minister Alexis Tsipras on Tuesday demanded that the European Union issue a reprimand to Turkey for its …

Berlin opts for five-year freeze on rents to curb rocketing rates

Jun 18 2019

Berlin's government on Tuesday moved to freeze rents in the booming German capital for five years from 2020 in their …

Can Turkey crawl back from the economic brink?

Jun 18 2019

Hizir Albayrak began work in a tiny children's store in the Istanbul bazaar 25 years ago, in the same year that future …

Cyprus expects 'stronger' EU stand on Turkey's drilling

Jun 18 2019

Cyprus said Tuesday it expects the European Union to adopt a firmer stance over Turkey’s bid to drill for oil and gas …

The smartphone: a global product

Jun 18 2019

Smartphones are a product with which China has demonstrated not only its manufacturing prowess, but its ambitions to …

Slashing plane emissions a lofty goal, but progress elusive

Jun 18 2019

The aircraft industry is facing growing criticism over greenhouse gas emissions that are set to soar as more people take …

Saudi, Philippines airlines place big Airbus orders at Paris show

Jun 18 2019

Saudi Arabian Airlines, the kingdom's national airline, said Tuesday it had ordered 65 A320neo-type aircraft from …

DR Congo's army moves in to dislodge illegal miners

Jun 18 2019

Democratic Republic of Congo's army has sent a battalion of troops to oust illegal miners from land worked by a …

Ireland to ban sales of new petrol and diesel cars by 2030

Jun 18 2019

Ireland has announced it will ban the sale of new petrol and diesel vehicles by 2030 as part of its new climate change …

French minister presses Renault to back Nissan reforms

Jun 18 2019

French Finance Minister Bruno Le Maire on Tuesday urged Renault to back governance reforms at Japan's Nissan, saying it …

Draghi excites eurozone markets with rate cut talk

Jun 18 2019

Markets reacted strongly Tuesday to European Central Bank chief Mario Draghi's renewed openness to lowering interest …

German investor confidence crashes as global tensions mount

Jun 18 2019

Confidence among German investors plunged in June, a closely-watched survey showed Tuesday, amid rising Middle East …

Heathrow publishes 'masterplan' for controversial third runway

Jun 18 2019

London Heathrow, Europe's busiest airport, on Tuesday issued plans for its controversial third runway, including the …

How cryptocurrencies can replace other pay options

Jun 18 2019

Cryptocurrencies live in a volatile, roller-coaster world, which Facebook is seeking to change with its new Libra …

EU urged to halt trade talks with S. America over Brazil abuses

Jun 18 2019

Hundreds of activist groups on Tuesday urged the EU to "immediately halt negotiations" for a trade deal with Mercosur …

ECB's Draghi urges 'faster' move to shared eurozone budget

Jun 18 2019

Eurozone governments should move "faster" towards a joint budget that could help smooth economic shocks and support …

Asian markets rise with focus on Fed policy meeting

Jun 18 2019

Asian markets mostly rose Tuesday but gains were limited, with investors treading uneasily as they await the conclusion …

Sanofi turns to Google in search for better treatments

Jun 18 2019

French pharmaceutical firm Sanofi said Tuesday it is partnering with Google to use artificial intelligence and deep …

Asian markets mostly up as Fed meeting looms

Jun 18 2019

Asian markets mostly rose Tuesday but gains were limited, with investors treading uneasily as they await the conclusion …

Science suffers collateral damage as US, China tensions rise

Jun 18 2019

A rise in US visa denials for Chinese academics and intensified scrutiny of alleged links to Beijing over fears of …

Miracle of 'Wild Boars' rescue transforms Thai cave into tourist draw

Jun 18 2019

Tourists snap selfies by a bronze statue of the diver who died trying to save the 'Wild Boars' football team from a …

Asian markets mostly rise as Fed meeting looms

Jun 18 2019

Asian markets mostly rose Tuesday but gains were limited with investors treading uneasily as they await the conclusion …

In Germany, activists battle food waste with dumpster diving

Jun 18 2019

Wearing a balaclava and a headlamp under the cover of night, Andrea slips under an imposing fence into the backyard of a …

How cities around the globe fight rising rents

Jun 18 2019

Berlin has become the latest anti-gentrification battleground, with authorities poised Tuesday to freeze rents for five …

Berlin poised for rent freeze to curb rocketing rates

Jun 18 2019

Berlin authorities will decide Tuesday whether to freeze rents in the booming German capital over the next five years, …

Mexico court blocks airport project in blow to AMLO

Jun 18 2019

A judge in Mexico has ordered President Andres Manuel Lopez Obrador's government to halt construction on a new airport …

Scandal-ridden Brazil giant Odebrecht seeks bankruptcy protection

Jun 18 2019

Scandal-ridden Brazil construction giant Odebrecht, which has admitted to spending nearly $800 million to bribe …

French billionaire Drahi to acquire Sotheby's in $3.7 bn deal

Jun 18 2019

French telecoms and media mogul Patrick Drahi is acquiring Sotheby's auction house, one of the world's biggest art …

Sotheby's, grand old lady of auction houses, eclipsed by Christie's

Jun 17 2019

Long a giant in the competitive world of auction houses, Sotheby's once led the glamorous field of fine arts sales, but …

Global stocks mostly rise ahead of key Fed meeting

Jun 17 2019

The world's stock markets mostly ticked upwards on Monday as investors moved cautiously at the start of a busy week …

Argentina opens probe into blackout causes

Jun 17 2019

Argentina announced an inquiry into the causes of a massive blackout that left nearly 50 million people without power as …

Facebook to unveil new cryptocurrency

Jun 17 2019

Facebook is set Tuesday to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the …

From cable to Sotheby's: the Drahi empire

Jun 17 2019

The famous auction house Sotheby's is set to become the latest company to be snapped up by Franco-Israeli magnate …

Greenpeace claims forcing BP oil rig U-turn

Jun 17 2019

Greenpeace said Monday that its seafaring campaigners had forced British energy giant BP to turn around an oil rig …

Canada drug store chain to use blockchain to trace cannabis

Jun 17 2019

Canada's biggest drug store chain said Monday it plans to use blockchain technology to trace the source of the cannabis …

Nordea's Danish offices raided in money laundering probe

Jun 17 2019

The Nordic region's largest bank Nordea said Monday that Danish prosecutors had raided its offices in Denmark as part of …

Sports Illustrated to be headed by former Yahoo CEO

Jun 17 2019

Sports Illustrated's media operations were sold for the second time in less than a month in a deal announced Monday that …

SNC-Lavalin unit awarded 1.9 billion British rail contract

Jun 17 2019

Canadian engineering group SNC-Lavalin announced Monday it has won a $1.9 billion contract to upgrade a rail network in …

Stock markets cautiously rise at start of hectic week

Jun 17 2019

The world's stock markets mostly ticked upwards on Monday as investors moved cautiously at the start of a busy week …

Record plunge in manufacturing for New York region: NY Fed

Jun 17 2019

Manufacturing activity in New York State took a record dive this month and fell into contraction, suddenly reversing …

Boeing apologises for 737 MAX crashes as Paris Air Show opens

Jun 17 2019

A top Boeing executive apologised Monday for two crashes of 737 MAX jets that together killed 346 people, disasters …

UK shares list in China, a first for foreign firms

Jun 17 2019

Britain and China began selling shares in each others' companies on Monday under a landmark deal, Britain's Treasury …

Lagerfeld's Chanel made $11 billion in his last year

Jun 17 2019

Chanel clocked up sales of nearly 10 billion euros ($11.1 billion) in its final year under the late designer Karl …

Europe takes new step toward future combat jet

Jun 17 2019

France, Germany and Spain on Monday unveiled a next-generation combat jet for European air forces, an ambitious project …

Ethiopian Airlines rejects 'pilot error' claim in US

Jun 17 2019

A US politician who blamed pilot error for contributing to the deadly crash of a Boeing 737 MAX flown by Ethiopian …

Jet Airways lenders to go to bankruptcy court

Jun 17 2019

Lenders to crippled Jet Airways said Monday they would start bankruptcy court proceedings after failing to find someone …

French billionaire Drahi acquires Sotheby's in $3.7 bn deal: auction house

Jun 17 2019

French-Israeli telecoms and media mogul Patrick Drahi is acquiring Sotheby's auction house, one of the world's biggest …

Stock markets uncertain at start of hectic week

Jun 17 2019

Stock markets on both side of the Atlantic held steady on Monday as investors took a breather before a busy week packed …

Pfizer acquires Array Biopharma, valued at $11.4 billion

Jun 17 2019

US pharmaceutical giant Pfizer on Monday announced the acquisition of Array BioPharma, a biotechnology firm that …

600 people on Monsanto 'watch lists' in Germany, France: Bayer

Jun 17 2019

US seeds and pesticides maker Monsanto kept lists of around 600 key pro- and anti-pesticides figures in Germany and …

Safety and pollution top of the agenda as Paris Air Show opens

Jun 17 2019

Aviation executives descended on the Paris Air Show on Monday with pledges to improve transparency over plane safety in …

European equities steady at start of hectic week

Jun 17 2019

Europe's main stock markets held steady Monday as investors took a breather before a busy week packed with key interest …

UK shares list in China in first for foreign firms

Jun 17 2019

Britain and China began selling shares in each others' companies Monday under a landmark deal, Britain's Treasury …

Huawei phone sales plunge, cutbacks planned as US pressure bites

Jun 17 2019

Huawei's founder said Monday the Chinese telecom giant's overseas smartphone sales have tumbled since the US last month …

Tough sell: Baijiu, China's potent tipple, looks abroad

Jun 17 2019

It may be China's national spirit, but for London bartender Ellie Veale it's clear from the first swig why baijiu has …

Wife of ex-Nissan boss Ghosn seeks Trump help

Jun 17 2019

The wife of ex-Nissan chief Carlos Ghosn on Monday reached out to US President Donald Trump, asking him to press Japan …