Business and Economy



Stock markets diverge as traders weigh future Fed cuts

AFP - 1h ago

Stock markets diverged on Thursday as investors digested US inflation data that supported the case for another interest …

As Trump returns, African exporters torn between hope and horror

AFP - 2h ago

Citrus growers in South Africa are among the businesses most nervous that duty- and quota-free exports to the United …

Burberry launches turnaround plan as posts loss

AFP - 2h ago

Troubled British fashion house Burberry on Thursday announced cost-cutting plans after posting a loss, with the global …

Most markets drop as traders weigh Fed; bitcoin eases

AFP - 3h ago

Markets mostly fell Thursday as investors digested US inflation data that supported the case for another interest rate …

Most Asian markets drop as traders weigh Fed; bitcoin eases

AFP - 1h ago

Asian markets mostly fell Thursday as investors digested US inflation data that supported the case for another interest …

Greece's ambitious 'smart city' by the sea takes shape

AFP - 5h ago

High above the sparkling surface of the Athens coastline, the cranes for building the 50-floor luxury tower centrepiece …

Corruption overshadows Ukraine's multi-billion reconstruction progam

AFP - 6h ago

When Bart Gruyaert agreed to help rebuild destroyed apartment blocks outside Kyiv, he hoped to be one cog in Ukraine's …

Dating apps move to friend zone in search of profits

AFP - 6h ago

Burnt-out love-seekers are shunning dating apps in their millions, but the apps are trying to woo them back with a …

Asian markets mixed as traders weigh Fed; bitcoin above $90,000

AFP - 4h ago

Asian markets diverged Thursday as investors digested US inflation data that supported the case for another interest …

'First Buddy': Musk takes unusual star role with Trump

AFP - 11h ago

As Donald Trump prepares his return to the White House, one of his most omnipresent confidants has been not his running …

Buy now, pay later: Latin America pressured by Chinese online shops

AFP - 11h ago

Isidora Olave opens a package containing a T-shirt, a skirt and a handful of glitter stickers shipped to her front door …

Workers stage walkout at US maker of Fallout video game

AFP - 12h ago

Hundreds of US workers at the video game giant behind Fallout staged a one-day strike Wednesday over outsourcing and …

Bitcoin hits new highs, markets stall amid US inflation increase

Nov 13 2024

Global equities stalled Wednesday while bitcoin hit a fresh high as traders digested a small rise in inflation and …

Trump victory signals golden era for crypto industry

Nov 13 2024

Donald Trump's triumphant return to the White House signals a potential golden era for cryptocurrencies, whose …

New push for EU-South America trade deal despite French fury

Nov 13 2024

A controversial trade deal between the EU and South America's Mercosur bloc is back in the spotlight with renewed hopes …

Tech's green wave hits choppy waters

Nov 13 2024

Tech entrepreneurs have spent years selling the dream that we can save the planet without changing our ways, but the …

Markets stall, inflation and bitcoin rise amid Trump fears

Nov 13 2024

Global equities stalled Wednesday while bitcoin hit a fresh high as traders fret over the impact of Donald Trump's …

US consumer inflation rises in October on higher housing costs

Nov 13 2024

US consumer inflation edged higher last month spurred by an increase in housing costs, according to government data …

UK's The Guardian stops posting on 'toxic media platform' X

Nov 13 2024

Britain's The Guardian newspaper announced Wednesday it would no longer post content from its official accounts on Elon …

India delivery app Swiggy shares gain on market debut 

Nov 13 2024

Indian food delivery firm Swiggy rose nearly 17 percent on its market debut Wednesday after raising $1.34 billion in the …

Stock markets diverge as Trump fears build

Nov 13 2024

Global stock markets diverged Wednesday as traders fret over the impact of Donald Trump's presidency on the Chinese and …

Most Asian markets extend losses as Trump fears build

Nov 13 2024

Asian markets fell again Wednesday as traders fret over the impact of Donald Trump's presidency on the Chinese and …

7-Eleven owner announces counter-bid to foreign buyout

Nov 13 2024

The Japanese owner of 7-Eleven said Wednesday its founding family had offered a counter-bid to a takeover attempt by …

Asian markets extend losses as Trump fears build

Nov 13 2024

Asian markets fell again Wednesday as traders fret over the impact of Donald Trump's presidency on the Chinese and …

Elon Musk: rocket man takes aim at Washington

Nov 13 2024

Billionaire Elon Musk took a wild gamble backing Donald Trump's White House candidacy, but the bet has paid off -- at …

Australian airlines cancel Bali flights after volcano erupts

Nov 13 2024

Several Australian airlines on Wednesday cancelled their flights to and from the Indonesian resort island of Bali, after …

China's Xi heads to Peru for APEC meeting shrouded in Trump fears

Nov 13 2024

Chinese leader Xi Jinping headed to Peru on Wednesday, bound for a meeting of Asia-Pacific Economic Cooperation (APEC) …

7-Eleven owner considers going private to avoid foreign buyout: reports

Nov 13 2024

The Japanese owner of 7-Eleven is considering going private by buying back its own shares in a bid to avoid a takeover …

Trump presidency raises fresh conflict of interest concerns

Nov 13 2024

Donald Trump's impending White House return poses questions once again about conflicts of interest related to his …

Aga Khan emerald fetches record $9 mn in Geneva auction

Nov 13 2024

A rare square 37-carat emerald owned by the Aga Khan fetched nearly nine million dollars at auction in Geneva on …

US bans flights to Haiti after three jetliners hit by gunfire

Nov 12 2024

The United States on Tuesday banned all civilian flights to Haiti for a month, a day after three jetliners approaching …

Global stocks slip as markets take post-US election breather

Nov 12 2024

A stocks rally following Donald Trump's US election win lost steam Tuesday as traders looked to consolidate recent …

Climate cash should also go to nuclear, says UN atomic chief

Nov 12 2024

The head of the United Nations nuclear watchdog said Tuesday that atomic power should also be allowed to tap into …

Free Facebook in EU with less targeted ads

Nov 12 2024

Under pressure by EU regulators, Meta said Tuesday it was offering non-paying users of its Facebook and Instagram …

UN carbon market inches closer after COP29 agreement

Nov 12 2024

The creation of a UN-backed global carbon market has taken a step closer to reality with governments approving new …

Trump tariff worries trip up stocks rally, dollar climbs

Nov 12 2024

A stocks rally following Donald Trump's re-election lost steam Tuesday on worries of a possible trade war between China …

Boeing expects post-strike output recovery to take several weeks

Nov 12 2024

Boeing said Tuesday that it delivered 14 aircraft in October, but production will likely take several weeks to return to …

EU vessels to cease fishing in Senegal after accord expires

Nov 12 2024

European fishing vessels will imminently cease activities in Senegalese waters after the non-renewal of an agreement …

Lindt disputes US lawsuit claims, stands by 'excellence' labelling

Nov 12 2024

Top Swiss chocolatier Lindt & Sprungli is disputing claims brought by US consumers in a class action lawsuit concerning …

Trump tariff worries trip up stocks rally

Nov 12 2024

A stocks rally following Donald Trump's re-election lost steam Tuesday on worries of a possible trade war between China …

UK to beef up its emissions cuts as it bids to be 'climate leader'

Nov 12 2024

The UK will aim to reduce greenhouse gas emissions by 81 percent on 1990 levels by 2035, Prime Minister Keir Starmer …

Court challenge begins against UK oil and gas field approvals

Nov 12 2024

Two environmental groups kicked off a legal challenge in Scotland on Tuesday to block the Rosebank and Jackdaw oil and …

Nations to submit boosted climate plans: what's at stake?

Nov 12 2024

Nations have begun setting carbon-cutting targets for the decade ahead, and how ambitious these pledges are could make …

Bayer shares hit 20-yr low as problems pile up

Nov 12 2024

Bayer's shares plunged to a 20-year low Tuesday after the German chemicals giant cut its earnings outlook and posted a …

Tech sector gathers in Lisbon in shadow of Trump victory

Nov 12 2024

Leading lights of the tech industry met in Lisbon on Tuesday for the Web Summit, the sector's first big event since the …

C.Africa urges lifting of embargo on diamond exports

Nov 12 2024

The Central African Republic (CAR) sought Tuesday to convince the regulatory body for global diamond trading to lift all …

Stock markets retreat on Trump tariff worries

Nov 12 2024

European and Asian stock markets slid Tuesday on worries of a possible trade war between China and the United States …

New EU chief diplomat backs Ukraine as bloc's top team faces grilling

Nov 12 2024

The European Union's designated foreign policy chief said Tuesday that the bloc must back Ukraine "for as long as it …

Asian markets drop as Trump worries kick in after China disappoints

Nov 12 2024

Asian markets sank Tuesday as worries about the impact of a possible trade war between China and the United States when …

China planning to cut taxes on home buying: report 

Nov 12 2024

China is looking to slash taxes on home purchases as the government strengthens fiscal support for its ailing real …

Dutch court to rule in Shell climate appeal

Nov 12 2024

Dutch judges will on Tuesday rule on an appeal by oil giant Shell against a landmark judgement binding it to reduce …

Nintendo courts non-gamers in 'about-turn' strategy

Nov 12 2024

Once confined to rectangular screens, chirpy plumber Mario and pointy-eared Princess Zelda are popping up in theme parks …

China's largest air show takes off with fighter jets, attack drones

Nov 12 2024

Fighter jets and attack drones took centre stage as China's largest air show officially opened on Tuesday, an …

Australia moves to keep its banks in the Pacific

Nov 12 2024

Australia will move to stem the exodus of its banks from the Pacific Islands, the country's top economic official said, …

Sri Lanka's leftist president faces first parliament test

Nov 12 2024

Sri Lanka's new leftist leader has drawn strong support from an unlikely source as he seeks to expand his three …

Asian markets stutter with focus on China as Trump picks team

Nov 12 2024

Traders struggled Tuesday to bounce back from the previous day's losses in most markets sparked by disappointment over …

Bees help tackle elephant-human conflict in Kenya

Nov 12 2024

"We used to hate elephants a lot," Kenyan farmer Charity Mwangome says, pausing from her work under the shade of a …

Italy and Lufthansa reach deal on ITA Airways stake

Nov 12 2024

The Italian government and Lufthansa reached a deal on the sale of a stake in flag carrier ITA Airways to the German …

Fears of Trump trade wars cast pall over Asia-Pacific summit

Nov 12 2024

The presidents of the United States, China and other Asia Pacific nations gather in Lima this week for an economic …

Boeing reaches settlement to avert civil trial in MAX crash

Nov 12 2024

Beleaguered aviation giant Boeing reached a last-minute settlement Monday with the family of a woman killed in the crash …

Defunct crypto group FTX seeks to claw back $1.8 bn from Binance

Nov 11 2024

The liquidators of the defunct cryptocurrency exchange FTX have sued to try to claw back $1.8 billion paid by the …

Peru's Chancay: China's megaport of entry to South America

Nov 11 2024

Huge cranes loom over Peru's massive new Chinese-funded Chancay port, a symbol of Beijing's growing influence in South …

Stocks and dollar climb, bitcoin hits record high

Nov 11 2024

US and European stocks mostly climbed, while the dollar rose and bitcoin extended a record run on Monday, as traders …

Lindt melted own 'excellence' claim in US lawsuit: reports

Nov 11 2024

In a bid to dodge a US lawsuit, Swiss chocolatier Lindt & Sprungli has scuppered its own claims about the excellence of …

'London's best-kept secret': UK's largest wholesale market turns 50

Nov 11 2024

By the time most Londoners had rolled out of bed on Monday morning, Gary Marshall was already winding down for the day …

Stocks diverge, bitcoin hits record high

Nov 11 2024

Major stock markets diverged, the dollar gained and bitcoin extended a record run higher Monday, as traders took their …

China's 'Singles Day' shopping spree in spotlight as spending flags

Nov 11 2024

China's largest online shopping bonanza wraps up on Monday, with analysts and investors watching for signs that …

China says to impose anti-dumping measures on EU brandy

Nov 11 2024

China said Monday it will impose "temporary anti-dumping measures" on brandy imported from the European Union, deepening …

Asian stocks struggle as China support plan falls flat, bitcoin hits record

Nov 11 2024

Most Asian markets fell Monday after China's keenly awaited plans to support the world's number two economy fell short …

Asian stocks drop as China support plan falls flat, bitcoin hits record

Nov 11 2024

Asian markets fell Monday after China's keenly anticipated plans to support the world's number two economy fell short of …

Asia, the world's economic engine, prepares for Trump shock

Nov 10 2024

Some Asian countries stand to gain if US president-elect Donald Trump pushes ahead with his promised massive tariffs on …

Trump victory poses challenges for the Fed's independence

Nov 10 2024

Donald Trump's return to the White House could put the independence of the US Federal Reserve under strain, potentially …

US farmers gird for trade wars on Trump tariff pledges

Nov 10 2024

Donald Trump's first White House term saw a bruising trade war with China that left a lingering impact on farmers -- and …

Boeing to face civil trial over 2019 MAX crash

Nov 09 2024

Beleaguered aviation giant Boeing is set to confront another hurdle next week when it faces a civil trial over the March …

US stocks hit fresh records as European bourses retreat

Nov 08 2024

Wall Street stocks closed at fresh records Friday, extending a post-election rally while European equities pulled back …

After Trump victory, EU leaders vow 'urgent' economic reform

Nov 08 2024

EU leaders on Friday pledged to overhaul the bloc's economy with radical changes recommended in a landmark report, in …

UK rules drivers on Bolt ride-hailing platform are employees

Nov 08 2024

UK drivers using the Bolt ride-hailing platform should be considered employees and have access to rights such as the …

European businesses brace for Trump return

Nov 08 2024

The return of Donald Trump and his protectionist agenda to the White House will likely rock US trade relations with the …

On Kinshasa's streets hairdressers make a quick buck

Nov 08 2024

Standing in a makeshift salon on the side of a dusty backstreet in Democratic Republic of Congo capital Kinshasa Papy …

Stock markets waver after US election rally, rate cut

Nov 08 2024

Wall Street shares mostly rose but global stock markets fell on Friday following rallies this week as investors weighed …

Cartier owner's profit sinks as China sales slump

Nov 08 2024

Cartier owner Richemont posted Friday a hefty drop in net profit for the first half of the year as watch sales sank in …

China unveils sweeping local govt debt swap to lift ailing economy

Nov 08 2024

China on Friday unveiled some of its most ambitious plans in years to lift local government debt, following a meeting of …

Stocks falter tracking US, China policy updates

Nov 08 2024

European and Asian stock markets mostly retreated Friday as US and China policy updates cause concern about growth …

After Trump win, EU leaders tackle 'urgent' reform agenda

Nov 08 2024

Reforming Europe's economy is all the more urgent following Donald Trump's US election win, warned the author of a …

France expects massive slump in 2024 wine harvest

Nov 08 2024

Unfavourable weather has likely slashed France's 2024 wine harvest by 23 percent compared to the previous year, the …

Qantas plane returns to Australia airport due to 'engine failure'

Nov 08 2024

A Qantas plane made an emergency landing Friday due to engine failure soon after taking off from Australia's Sydney …

Sony quarterly net profit jumps but forecast unchanged

Nov 08 2024

Sony's net profit jumped in the second quarter thanks to stronger sales in gaming, music and imaging sensors, the …

China to raise local govt debt ceiling to boost struggling economy

Nov 08 2024

China said on Friday lawmakers had agreed to raise the local government debt ceiling by $840 billion, opening up new …

Asian markets struggle to maintain momentum after Fed cut

Nov 08 2024

Asia's markets rally stuttered Friday after early gains as traders struggled to keep up with another Wall Street record …

Climate change poses multiple risks for banks

Nov 08 2024

Climate change poses risks to banks on several levels: it can directly impact their finances, tarnish their image and …

Pharrell Williams to bring star power to Web Summit tech event

Nov 08 2024

Singer Pharrell Williams is due to kick off one of Europe's biggest tech events on Monday, the Web Summit in Lisbon, …

China poised to approve more help for ailing economy

Nov 08 2024

China is expected to unveil a huge support package for the struggling economy Friday as officials wrap up a key meeting …

Qantas plane returns to Australia airport due to 'engine failure', sparks fire

Nov 08 2024

A Qantas plane made an emergency landing Friday due to a "contained engine failure" soon after taking off from Sydney …

Asian markets extend rally after Fed cut

Nov 08 2024

Asian equities extended gains Friday, tracking another Wall Street record after the Federal Reserve cut interest rates …

Sacred cow: coal-hungry India eyes bioenergy to cut carbon

Nov 08 2024

Venerated as incarnations of Hindu deities, India's sacred cows are also being touted as agents of energy transition by …

Facing Trump's return, EU confronts economic challenges

Nov 08 2024

Confronted with the return of Donald Trump, EU leaders on Friday are set to commit to deeply reform Europe's economy and …

US Fed makes quarter point cut as Powell insists he would not quit

Nov 08 2024

The US Federal Reserve shrugged off concerns about the economic impact of Donald Trump's election victory and moved …

Global stocks mostly rise as Fed, Bank of England cut rates

Nov 07 2024

Global stocks mostly rose Thursday, with US indices hitting fresh records as a Federal Reserve interest rate cut …

US Fed chair says will not leave early if asked by Trump

Nov 07 2024

US Federal Reserve Chair Jerome Powell said Thursday that he would not resign if asked to leave early by President-elect …

US Fed cuts interest rates a quarter point after Trump victory

Nov 07 2024

The US Federal Reserve shrugged off concerns about the impact of Donald Trump's election victory on interest rates and …

What will Trump 2.0 mean for US tech?

Nov 07 2024

What will Donald Trump's second stint in the White House mean for a US tech industry in the throes of an artificial …

Pharma giant AstraZeneca says China chief detained

Nov 07 2024

Pharmaceutical giant AstraZeneca said that the head of its China operations had been detained, after reports the firm …