Business and Tech

Sterling stands firm as Brexit hopes build, equities rise

AFP - 54m ago

The pound held most of its gains Wednesday after hitting a five-month high on growing hopes that Britain and the …

Huawei says nine-month revenue up despite US pressure

AFP - 1h ago

Chinese tech giant Huawei said on Wednesday that its revenue for the first nine months of the year grew by almost a …

Sterling holds ground as Brexit hopes rise, equities rise

AFP - 1h ago

The pound held most of its gains Wednesday after hitting a five-month high on growing hopes that Britain and the EU are …

S. Korea cuts interest rate again as Japan trade row rumbles

AFP - 5h ago

South Korea's central bank on Wednesday cut its key interest rate to the lowest point in two years in an effort to prop …

China's GDP growth slows to 6% in third quarter: AFP poll

AFP - 6h ago

China's economy expanded at its slowest rate in nearly three decades during the third quarter, held back by cooling …

IMF chief Georgieva tells women: Don't accept less!

Oct 15 2019

Women around the world take on far more unpaid work than men but what they should never do is agree to a lower wage in …

US banks report mixed earnings amid Fed rate shifts, trade uncertainty

Oct 15 2019

Large US banks reported mixed quarterly results on Tuesday, challenged by a shifting interest rate landscape and …

US charges Turkey's Halkbank with evading Iran sanctions

Oct 15 2019

US federal prosecutors filed criminal charges against Turkey's state-run Halkbank Tuesday for allegedly participating in …

Pound surges as Brexit deal speculation heats up

Oct 15 2019

The pound rallied Tuesday to five-month peaks amid optimism over a breakthrough in Brexit talks while Wall Street stocks …

Twitter says world leaders 'not above' its rules

Oct 15 2019

Twitter said Tuesday world leaders are "not above" the rules of the online platform and could see their messages removed …

APEC finance ministers express 'moderate' hope over US-China trade deal

Oct 15 2019

APEC finance ministers expressed "moderate optimism" on Tuesday that the United States and China will end their trade …

GM's Barra joins talks in effort to end UAW strike

Oct 15 2019

General Motors Chief Executive Mary Barra was back at the bargaining table with union leaders on Tuesday, a labor source …

Google in smartphone push with motion-sensing Pixel 4

Oct 15 2019

Google stepped up its smartphone ambitions Tuesday with updated Pixel handsets, touting a move toward computing with a …

Zimbabwe's govt workers stay home as wages evaporate

Oct 15 2019

Hundreds of thousands of Zimbabwe government workers can no longer afford to report for duty, their union said Tuesday, …

European growth failed to 'lift off' amid Brexit, slowdown: IMF economist

Oct 15 2019

Europe's economic expansion sputtered this year, disappointing expectations due to the well-known Brexit concerns, but …

German climate plan brings sharp air travel tax hike

Oct 15 2019

Chancellor Angela Merkel's cabinet will sign off draft laws on new green taxes and subsidies this week, including much …

Putin talks investments and space in Abu Dhabi

Oct 15 2019

Russian President Vladimir Putin signed deals worth over $1.3 billion with the United Arab Emirates on Tuesday, wrapping …

Global economic outlook 'precarious,' no room for mistakes, IMF warns

Oct 15 2019

The world economy is slowing to its weakest pace since the global financial crisis, as the US-China trade war and other …

Iraq cut the internet, and the economy suffered

Oct 15 2019

When anti-government demonstrations shook Iraq, authorities cut the internet to disconnect protesters and slow sharing …

Thomas Cook bosses, MPs clash over travel group collapse

Oct 15 2019

Thomas Cook bosses, grilled Tuesday by MPs, apologised for the bankruptcy of the travel company while defending …

Internet game Fortnite back with a new chapter

Oct 15 2019

Fans of internet gaming sensation Fortnite rejoiced Tuesday as a new chapter began, freeing them from staring at a black …

Wirecard denies fraud allegations that sent stock plunging

Oct 15 2019

German payments processing firm Wirecard denied Tuesday a new round of allegations of accounting irregularities, after a …

Pound surges as EU's Barnier fans Brexit deal hopes

Oct 15 2019

The pound rallied Tuesday after the European Union's top Brexit negotiator flagged the possibility of a divorce …

IMF sharply cuts Iran, Saudi growth forecasts

Oct 15 2019

The International Monetary Fund on Tuesday sharply downgraded growth projections for Saudi Arabia and Iran, the two …

IMF warns global outlook 'precarious,' no room for policy mistakes

Oct 15 2019

The world economy is slowing to its weakest pace since the global financial crisis, as the US-China trade war undercuts …

IMF cuts eurozone growth outlook as Germany lags

Oct 15 2019

The IMF slashed its growth estimates for the eurozone on Tuesday, which was dragged lower by export-powerhouse Germany, …

IMF trims 2019 China growth forecast as US tariffs bite

Oct 15 2019

The IMF trimmed its 2019 growth forecast for China on Tuesday as the US trade war and weak demand at home take a toll on …

Pound rallies as EU's Barnier fans Brexit deal hopes

Oct 15 2019

The pound rallied Tuesday after the European Union's top Brexit negotiator flagged the possibility of a divorce deal …

China sees 'no difference' with US on trade deal

Oct 15 2019

China said Tuesday there was "no difference" with the United States on reaching a trade agreement, amid scepticism over …

Putin in Abu Dhabi seeking $1.3 billion in investments

Oct 15 2019

President Vladimir Putin visited Abu Dhabi on Tuesday, seeking to attract over $1.3 billion worth of investments in …

UK Oscar-winning special effects firm mulls London IPO

Oct 15 2019

British special effects firm DNEG, winner of five Oscars for work on blockbusters including "Blade Runner 2049" and …

Tulips from Amsterdam? Not so much says new probe

Oct 15 2019

Tourists are being ripped off at Amsterdam's famous flower market, with just one percent of all bulbs sold at the …

Amazon eating Google online search ad share: eMarketer

Oct 15 2019

Amazon is eating into Google's giant slice of online search advertising in the US as businesses target the online retail …

EU cuts 2020 cod quotas for the Baltic

Oct 15 2019

EU quotas for cod in the Baltic will be cut next year to try to shore up dangerously dwindling stocks, according to an …

India's Reliance resumes Venezuela oil imports in barter deal

Oct 15 2019

India's biggest private oil refiner Reliance Industries has resumed crude imports from crisis-hit Venezuela, using …

Pound rallies as Barnier revives Brexit deal hopes

Oct 15 2019

The pound rallied Tuesday after the European Union's top Brexit negotiator flagged the possibility of a divorce deal …

LeBron blames China mess on Rockets GM's 'misinformed' tweet

Oct 15 2019

Basketball superstar LeBron James has sharply criticised a Houston Rockets executive for angering China with a tweet …

China inflation surges as pork prices soar

Oct 15 2019

China's consumer inflation accelerated at its fastest pace in almost six years in September as African swine fever sent …

Group behind Facebook's Libra coin announces 21 founding members

Oct 15 2019

The Libra Association, created by Facebook to launch its new cryptocurrency, has announced its 21 founding members after …

China wants centralised digital currency after bitcoin crackdown

Oct 15 2019

As Facebook readies to launch its answer to bitcoin, China is set to introduce its own digital currency -- one that …

Asian markets edge up but caution keeps traders in check

Oct 15 2019

Asian markets mostly rose but investor caution returned as the optimism fanned by Donald Trump's much-vaunted China …

James says free speech comes with a cost in Morey-China row

Oct 15 2019

Basketball player LeBron James waded into the dispute between the NBA and China on Monday, saying he believes Daryl …

Trump claims a victory in China trade war, but US farmers want details

Oct 15 2019

Saying China has promised to buy up to $50 billion in US agricultural products, President Donald Trump is encouraging …

Will 737 MAX crisis take down Boeing CEO?

Oct 15 2019

The crisis over the 737 MAX that has tarnished Boeing's image has finally cost Dennis Muilenburg his title as chairman.

Pound resumes slide at start of key Brexit week

Oct 14 2019

The British pound fell against the euro and dollar on Monday, the start of a pivotal week for Britain and the European …

Facebook chief hosts conservative guests amid bias debate

Oct 14 2019

Facebook chief executive Mark Zuckerberg on Monday confirmed reports that he had hosted a series of dinners with …

Harley-Davidson suspends production of electric motorcycle

Oct 14 2019

Harley-Davidson announced on Monday that it had suspended production and delivery of its LiveWire electric motorcycle, …

Trump authorizes sanctions, slaps steel tariffs on Turkey

Oct 14 2019

US President Donald Trump on Monday authorized sanctions on Turkey's leaders, reimposed steel tariffs and ended trade …

Russia, Saudi Arabia seal key oil deal

Oct 14 2019

Russian President Vladimir Putin signed a key deal Monday with Saudi Arabia during a key visit for an OPEC+ grouping …

US trio win Nobel Economics Prize for work on poverty

Oct 14 2019

A trio of Americans on Monday won the Nobel Economics Prize for their work in the fight against poverty, including …

UK antivirus software maker agrees to £3.1bn takeover

Oct 14 2019

Britain's Sophos Group, known worldwide for its antivirus and encryption software, said Monday that it has agreed to a …

UniCredit to pass on negative rates to just million-plus clients

Oct 14 2019

Italian banking giant UniCredit said Monday it would pass on negative interest rates to clients with deposits of over …

SoftBank bailout would give it control of WeWork: sources

Oct 14 2019

Japan's SoftBank Group has prepared a financing plan that would give it control of WeWork as the office sharing startup …

Fortnite goes offline after asteroid blows up virtual world

Oct 14 2019

Internet gaming phenomenon Fortnite has temporarily gone offline, leaving millions of addicted gamers wondering what to …

Greenpeace activists board Shell North Sea platforms

Oct 14 2019

Greenpeace campaigners have boarded two Royal Dutch Shell oil platforms in a protest against leaving parts of old rigs …

Streamer Tubi says the future is free as it moves into Europe

Oct 14 2019

US streaming giant Tubi -- which has been dubbed "the free Netflix" -- is to launch a children's network next week and …

Esther Duflo: French specialist in combatting poverty

Oct 14 2019

Esther Duflo, one of three people awarded the Nobel Economics Prize on Monday, is a high-profile academic feted in the …

Trump: Turkey faces 'big sanctions' over Syria actions

Oct 14 2019

US President Donald Trump warned Monday that Turkey faces imminent sanctions over its incursion into northeastern Syria …

Pound resumes drop at start of key Brexit week

Oct 14 2019

The British pound slid against the euro and dollar Monday, the start of a pivotal week for Britain and the European …

Oil, Iran top agenda as Putin visits Saudi Arabia

Oct 14 2019

Russian President Vladimir Putin arrived in Saudi Arabia on Monday, where he was set to seal oil agreements and try to …

Shares in state-run Indian Railways soar on Mumbai debut

Oct 14 2019

Shares in the catering and ticketing arm of state-run Indian Railways more than doubled in value after its debut on …

French energy giant Total to buy 37% stake in India's Adani Gas

Oct 14 2019

Total has agreed to buy a 37.4 percent stake in India's Adani Gas, the two firms said Monday, with the French giant …

Free streamer Tubi to move into UK and Europe

Oct 14 2019

US streaming giant Tubi -- which has been dubbed "the free Netflix" -- is to launch a children's network next week and …

The chips are down: EU takes Colombia to WTO

Oct 14 2019

The European Union launched a case at the WTO against Colombia on Monday, after a furious outcry from Belgium, the …

Mozambique leader campaigns on gas riches, but will poor benefit?

Oct 14 2019

The discovery of vast gas reserves on Mozambique's remote northern coast has the potential to transform the economy of …

Britain, EU enter make-or-break Brexit week

Oct 14 2019

Prime Minister Boris Johnson repeated Monday that Britain must leave the EU on October 31, as divorce talks resumed in …

Aramco to announce IPO 'very soon': chairman

Oct 14 2019

Saudi Arabia's energy giant Aramco will announce its long-awaited stock market debut "very, very soon," its chairman …

Trio win Nobel Economics Prize for work on poverty

Oct 14 2019

A trio of American economists on Monday won the Nobel Economics Prize for their work in the fight against poverty, …

Previous winners of the Nobel Economics Prize

Oct 14 2019

The Nobel Economics Prize was on Monday awarded to Indian-born Abhijit Banerjee of the US, his French-American wife …

Group behind Facebook's Libra coin push meet in Geneva

Oct 14 2019

The Libra Association, created by Facebook to launch its new cryptocurrency, kicked off its first council meeting in …

Struggling WeWork mulls bailout deals with SoftBank, JP Morgan

Oct 14 2019

Under-pressure start-up WeWork is considering two huge bailout plans including a cash injection that could see Japanese …

Asian markets rally after China, US reach partial trade deal

Oct 14 2019

Asian investors on Monday cheered a partial trade deal between China and the United States, sending regional markets …

Brexit sends Britain sliding down German trade rankings

Oct 14 2019

Britain is slipping down the list of Germany's most important trade partners, official data showed Monday, after its …

UK government sets date for first post-Brexit budget

Oct 14 2019

Britain's government is planning a first post-Brexit budget for November 6, one week after it expects the country to …

New Zealand creates unit to target, 'disrupt' online extremism

Oct 14 2019

New Zealand will establish a team of investigators dedicated solely to tackling online extremism, as it moves to address …

China imports, exports down in September as growth cools

Oct 14 2019

China's imports and exports fell more than expected in September, official data showed Monday, as US tariffs and cooling …

Under-pressure Australian banks face fresh inquiry

Oct 14 2019

Australia on Monday announced the country's consumer watchdog would investigate mortgage pricing after the country's …

Nobel season wraps up with Economics Prize

Oct 13 2019

This year's Nobel season has only honoured one woman -- Polish writer Olga Tokarczuk in Literature -- with just one …

'Joker' tops N. American box office for second week

Oct 13 2019

Warner Bros.' "Joker" laughed best again this weekend as it took in an estimated $55 million in North American movie …

Russia will work with Saudi to stabilise oil market: Putin

Oct 13 2019

Russia will work with Saudi Arabia against any "attempt to destabilise" the oil market, President Vladimir Putin said in …

Trump puts squeeze on Spanish olive oil producers

Oct 13 2019

Farmers had just begun harvesting olives in southern Spain when US President Donald Trump soured the mood with the …

China's Xi promises aid, development in Nepal visit

Oct 13 2019

China and Nepal hailed the "beginning of a new era" in relations Sunday as President Xi Jinping ended his visit with …

Down on the farm, Brexit casts its shadow

Oct 13 2019

On the face of it, Ellie Woodcock's organic farm two hours south of London shouldn't be affected by Britain's impending …

The high-tech start-up tackling online extremism

Oct 13 2019

Vidhya Ramalingam believes it's always possible to change, even for people deeply involved in the murky online world of …

China's blacklisted AI firms: what you should know

Oct 13 2019

The Chinese high-tech companies blacklisted by Washington over alleged ties to rights abuses are rising stars in China's …

Facebook researchers use maths for better translations

Oct 13 2019

Designers of machine translation tools still mostly rely on dictionaries to make a foreign language understandable. But …

Property investors turn to SE Asia amid Hong Kong unrest

Oct 13 2019

From luxury Singapore apartments to Malaysian seafront condos, Hong Kong investors are shifting cash into Southeast …

50 years after internet conception, dark side stirs fear

Oct 13 2019

On October 29, 1969, professor Leonard Kleinrock and a team at the University of California at Los Angeles got a …

Partial US-China trade deal only 'baby step' as thorny issues remain

Oct 12 2019

A partial US-China deal may only offer a temporary tariff reprieve because it lacks specifics and leaves the thorny …

GM workers struggle with daily expenses as long strike continues

Oct 12 2019

Betty Johnson, who has worked on General Motors assembly lines in Michigan and Tennessee for more than 34 years, said …

Trump again touts partial trade deal with China

Oct 12 2019

President Donald Trump on Saturday touted his partial, unsigned trade deal with China as a major achievement and the …

Nets beat Lakers to bring merciful end to tense China tour

Oct 12 2019

The Brooklyn Nets defeated the Los Angeles Lakers 91-77 on Saturday to conclude a pre-season China tour that leaves …

US-China partial trade deal: the main points

Oct 12 2019

US President Donald Trump on Friday announced a partial trade deal with China after talks in Washington with Vice …

Blizzard says China not a factor in eSports winner ban

Oct 12 2019

Gaming company Blizzard Entertainment said Friday China had nothing to do with its decision to punish an eSports …

Boeing splits CEO, chairman role amid MAX crisis

Oct 12 2019

Boeing unveiled a shift to its leadership structure on Friday as it manages the 737 MAX crisis, announcing that Dennis …

US regulators block Telegram from raising funds through cryptocurrency

Oct 12 2019

US securities regulators won an emergency court order Friday to block the messaging application Telegram Group from …

Embattled Trump takes victory lap on China trade deal

Oct 11 2019

Engulfed in an impeachment inquiry and other political turmoil, US President Donald Trump on Friday trumpeted the …

Global stocks rise on partial US-China trade deal, pound up

Oct 11 2019

Global stocks rallied Friday as US-China trade negotiations yielded a partial deal, while the British pound surged for a …

More companies back away from Facebook's Libra coin

Oct 11 2019

Facebook's digital currency alliance lost more companies on Friday amid heavy criticism from regulators around the world …

Trump announces 'very substantial' but partial China trade deal

Oct 11 2019

President Donald Trump on Friday hailed a breakthrough in his drawn-out trade war with China, saying the two sides …

Aviation experts blast FAA over 737 MAX redesign approval: report

Oct 11 2019

US aviation regulators came in for heavy criticism on Friday over lapses in certifying the Boeing 737 MAX aircraft, …

Amazon calls for government regulation of facial recognition tech

Oct 11 2019

Amazon is endorsing the idea of government regulation of facial recognition technology, as part of a wide-ranging …