Business and Tech

Most Asian markets drop as US jobs fan rate worries

AFP - 2h ago

Asian markets mostly fell Monday and the dollar extended gains after a forecast-busting US jobs report fanned …

'Assassin's Creed' composer wins first ever video game music Grammy

AFP - 6h ago

"Assassin's Creed" composer Stephanie Economou won the first ever Grammy honoring video game scores at Sunday's gala in …

Former UK PM Truss criticises Sunak policies as pressure builds

Feb 05 2023

Former UK prime minister Liz Truss on Sunday criticised her successor Rishi Sunak "detrimental" tax policies, as the …

Macron gives ground to allies in unpopular pension reform bid

Feb 05 2023

President Emmanuel Macron's government on Sunday offered a concession on contested French pension reforms, seeking to …

UK mega-lab generates weather to test homes of future

Feb 05 2023

The thermometer sinks below zero as a blizzard of fine snow descends on two houses freshly built inside a massive …

Maduro, Iranian diplomat discuss defense against 'external pressures'

Feb 04 2023

Venezuelan President Nicolas Maduro and the visiting Iranian foreign minister discussed the need for "vigilance in …

Europe in crossfire of US-China economic rivalry

Feb 04 2023

The economic confrontation between the United States and China has put Europe in the crossfire, with Washington's plan …

US climate subsidies unsettle Europe's green industry plans

Feb 04 2023

An empty field near Heide in a corner of Germany known more for its cabbage farming is the chosen site for a huge …

France urges 'transparency' over US climate subsidies

Feb 04 2023

French Economy Minister Bruno Le Maire has called for "transparency" between the United States and Europe over the …

Musk found not liable in Tesla tweet trial

Feb 04 2023

Jurors on Friday cleared Elon Musk of liability for investors' losses in a fraud trial over his 2018 tweets falsely …

US jobs surge, tech concerns whiplash stocks and send dollar higher

Feb 03 2023

A surge in hiring in the United States renewed worries about aggressive interest rate hikes on Friday, bolstering the …

Jury mulls whether Musk's 2018 Tesla tweet was fraud

Feb 03 2023

Jurors on Friday began deliberating whether Elon Musk committed fraud and should pay dearly for 2018 tweets falsely …

Cash and fuel crisis cranks up Nigeria election tensions

Feb 03 2023

With just three weeks to go before Nigeria's presidential election, major cash and fuel shortages are stirring up public …

US sees surprise hiring surge as unemployment edges down

Feb 03 2023

US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in more than five decades, …

India's Adani denies rise due to Modi as shares fall again

Feb 03 2023

Beleaguered Indian tycoon Gautam Adani denied Friday that his rise to become Asia's richest man -- a title he has lost …

Anti-graft chief insists Ukraine turning corner on corruption

Feb 03 2023

The head of Ukraine's anti-corruption agency insisted Friday that the Russian invasion had triggered a substantial and …

Anti-graft chief insists Ukraine turning corner on graft

Feb 03 2023

The head of Ukraine's anti-corruption agency insisted Friday that the Russian invasion had triggered a substantial and …

S.African president shoots down plan to sponsor Tottenham

Feb 03 2023

A proposed lucrative sponsorship deal between South Africa and a top English football club that sparked a two-day …

US jobs surge, tech concerns send stocks lower, dollar higher

Feb 03 2023

A surge in hiring in the United States renewed worries about aggressive interest rate hikes, bolstering the dollar and …

'Mister Geopolitix': Global affairs for the YouTube generation

Feb 03 2023

Donning khaki and adjusting the camera, 32-year-old French Youtuber Gildas Leprince becomes Mister Geopolitix, bringing …

Stocks drop on tech concerns, before jobs data in US

Feb 03 2023

European and Asian stock markets mostly dropped Friday, hit by concerns for the US tech sector after poorly-received …

Pakistan 'to agree' to tough IMF conditions as crisis worsens

Feb 03 2023

Pakistan Prime Minister Shehbaz Sharif said Friday the government would have to agree to IMF bailout conditions that are …

Europe looks to geothermal energy as gas alternative

Feb 03 2023

The heating plant in Munich's southern Sendling neighbourhood has been run for more than a century on gas, often …

Pakistan 'will have to agree' to IMF conditions for bailout: PM

Feb 03 2023

Pakistan's Prime Minister Shehbaz Sharif said Friday the government would have to agree to IMF bailout conditions that …

Markets mostly rise but tech earnings dent recovery optimism

Feb 03 2023

Asian equities mostly rose Friday following gains on Wall Street but optimism over a possible pause in Federal Reserve …

India's Adani denies rise due to Modi as shares slump again

Feb 03 2023

Beleaguered Indian tycoon Gautam Adani denied Friday that his rise to become Asia's richest man -- a title he has lost …

Turkey's inflation slows for third month ahead of election

Feb 03 2023

Turkey's inflation rate slowed for a third successive month in January, official data showed Friday, after a record that …

Sushi conveyor belt pranks spark outrage in Japan

Feb 03 2023

A handful of unhygienic pranks at sushi conveyor belt restaurants in Japan have sparked stock slumps, venue overhauls …

Adani turmoil a key test for Modi's India Inc

Feb 03 2023

The market rout suffered by Indian tycoon Gautam Adani is the latest corporate scandal to plague one of the world's …

Adani Enterprises shares suspended as price slumps again

Feb 03 2023

Shares in the flagship firm of beleaguered Indian tycoon Gautam Adani were repeatedly suspended on Friday as a rout …

Mexico invites foreign investment in clean energy transition

Feb 03 2023

Mexico welcomes investment by all countries in its clean energy projects, its foreign minister said on Thursday, …

Egyptians hope to bag bargains at book fair as crisis bites

Feb 03 2023

Thousands of Egyptian bibliophiles weave through a labyrinthine display of books, reviving an annual tradition at the …

Asian markets drift as weak tech earnings dent recovery optimism

Feb 03 2023

Asian equities were mixed Friday as the optimism over a possible pause in Federal Reserve interest rate hikes again gave …

Google, Apple disappoint as tech earnings hit by gloom

Feb 03 2023

Google and Apple on Thursday reported downbeat results for the last quarter of 2022 as Amazon beat expectations, but …

Moving the goalposts: NFL scare reveals conspiracist playbook

Feb 03 2023

Conspiracy theorists who blamed NFL player Damar Hamlin's cardiac arrest on Covid-19 vaccines have doubled down on their …

Mexico tourist deaths add to calls for vacation rental regulation

Feb 03 2023

A vacation to watch the Mexican Grand Prix ended in tragedy for one tourist poisoned by carbon monoxide, fueling calls …

Rate hikes and tech optimism send stocks higher

Feb 02 2023

European and US stock markets mostly rose on Thursday after the European Central Bank and Bank of England raised …

Starbucks profit rises despite hit from China

Feb 02 2023

Starbucks reported higher quarterly profits Thursday, fueled by solid North American growth that compensated for …

Ford shares fall as Q4 profits lag estimates

Feb 02 2023

Ford reported an annual loss Thursday following disappointing fourth-quarter earnings that reflected what it called …

Google, Apple brace for earnings as Meta shares skyrocket

Feb 02 2023

Tech giants Google, Apple and Amazon will report their latest earnings on Thursday as shares in Meta skyrocketed after …

Colombian judge uses ChatGPT in ruling

Feb 02 2023

A judge in Colombia caused a stir by announcing he had used the AI chatbot ChatGPT in preparing a ruling in a children's …

Swiss prosecutors open probe into 'Suisse Secrets' leaker

Feb 02 2023

Swiss prosecutors said Thursday they had opened an investigation into a massive leak last year of Credit Suisse account …

Big Tech earnings expected as Meta share price skyrockets

Feb 02 2023

Tech giants Google, Apple and Amazon will report their latest results on Thursday as shares in Meta skyrocketed after …

Stocks mostly rise after more central bank rate hikes

Feb 02 2023

European and US stock markets mostly rose on Thursday after the European Central Bank and Bank of England raised …

Santander bank posts record profit as rates rise

Feb 02 2023

Spanish banking giant Banco Santander reported on Thursday record profits for 2022, becoming the latest European lender …

Nigeria eases currency swap to try and curb queues

Feb 02 2023

Nigeria's central bank on Thursday ordered financial institutions to distribute newly designed bills over the counter in …

ECB hikes rates again, vows more in March

Feb 02 2023

The European Central Bank raised interest rates again Thursday and signalled it would "stay the course" with an …

Stocks climb after rate decisions

Feb 02 2023

European and US stock markets rose on Thursday after the European Central Bank and Bank of England raised interest …

Influencers bask in their version of the Oscars in Mexico City

Feb 02 2023

And the winner is... a 16-year-old Colombian whose videos of his life in the countryside landed him an award at TikTok's …

Record Shell profit on soaring energy prices sparks outrage

Feb 02 2023

British energy giant Shell on Thursday unveiled record annual net profit of $42.3 billion thanks to surging oil and gas …

Bank of England hikes interest rate tenth time in row

Feb 02 2023

The Bank of England on Thursday hiked its interest rate for a tenth time in a row as global authorities race to combat …

European stocks climb after rate decisions

Feb 02 2023

European stock markets rose on Thursday after the European Central Bank and Bank of England raised interest rates, …

ECB hikes rates again, says to 'stay course'

Feb 02 2023

The European Central Bank raised interest rates again Thursday and signalled it would "stay the course" in its monetary …

Macron vs the unions: What happens next in France?

Feb 02 2023

French President Emmanuel Macron is facing his biggest standoff with France's trade unions since coming to power in …

European stocks jump before rate decisions

Feb 02 2023

European stock markets rallied Thursday before interest rate decisions from the European Central Bank and Bank of …

Hong Kong offers 500,000 free flights after Covid isolation

Feb 02 2023

Hong Kong is ready to welcome the world back, its leader said Thursday, pledging more than half a million free flights …

India's Adani empire loses more than $100 bn after fraud claims

Feb 02 2023

The crisis around Indian tycoon Gautam Adani deepened Thursday with the total loss of value to his indebted empire …

Hong Kong offers free flights after Covid isolation

Feb 02 2023

Hong Kong is ready to welcome the world back, its leader said Thursday, as he pitched free flights and positive …

Shell logs record 2022 profit on soaring energy prices

Feb 02 2023

Shell's net profit surged to a record $42.3 billion last year, the British energy giant said Thursday, as Russia's …

Sony hikes net profit forecasts as weak yen boosts gaming

Feb 02 2023

Sony upgraded its annual net profit forecasts on Thursday, saying it expects strong results in its key gaming sector as …

Markets mixed as early Fed-fuelled rally peters out

Feb 02 2023

Markets were mixed Thursday, with investors unable to maintain an early rally despite a strong lead from Wall Street …

ANA, JAL see profits soar on travel recovery

Feb 02 2023

Japan's leading air carriers ANA Holdings and Japan Airlines posted net profits for the nine months to December, turning …

Asian markets track Wall St higher after softer Fed tone

Feb 02 2023

Most Asian markets rose Thursday and the dollar weakened further on hopes the Federal Reserve's campaign of interest …

Sony hikes net profit forecast as weak yen boosts gaming

Feb 02 2023

Sony upgraded its annual net profit forecast on Thursday, saying it expects strong results in its key gaming sector as …

Australia to remove British monarch from banknotes

Feb 02 2023

Australia will remove the British monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 …

Gautam Adani: the Indian tycoon weathering stock market panic

Feb 02 2023

Indian industrialist Gautam Adani was until this week Asia's richest man, with a business empire spanning coal, …

India's Adani shares plunge again after stock sale cancelled

Feb 02 2023

Under-fire Indian tycoon Gautam Adani insisted Thursday that the fundamentals of his conglomerate were "strong" even as …

Despite improving outlook, ECB to hike rates again

Feb 02 2023

The European Central Bank is set to hike interest rates again Thursday as it pursues its inflation fight, despite …

Asian markets rally with Wall St on softer Fed tone

Feb 02 2023

Most Asian markets rose Thursday and the dollar weakened further on hopes the Federal Reserve's campaign of interest …

ChatGPT: the promises, pitfalls and panic

Feb 02 2023

Excitement around ChatGPT -- an easy to use AI chatbot that can deliver an essay or computer code upon request and …

Seeing is believing? Global scramble to tackle deepfakes

Feb 02 2023

Chatbots spouting falsehoods, face-swapping apps crafting porn videos and cloned voices defrauding companies of millions …

Australia to oust monarch from banknotes

Feb 02 2023

Australia will erase the British-based monarch from its banknotes, replacing the late Queen Elizabeth II's image on its …

Who are the best new artists? Check TikTok

Feb 02 2023

After several years of Grammy ceremonies with clear frontrunners for Best New Artist, Sunday's race is wide open -- but …

Australia to remove monarch from banknotes

Feb 02 2023

Australia announced Thursday it will erase the British monarch from its banknotes, replacing the late Queen Elizabeth …

Meta reports sales fall, but beats expectations

Feb 02 2023

Facebook and Instagram owner Meta on Wednesday reported its first annual sales drop since the company went public in …

Republican leader says debt cliff talks with Biden went well

Feb 02 2023

The United States took a small step back from the risk of a catastrophic debt default Wednesday after the new Republican …

US stocks rally, dollar falls after Fed decision

Feb 01 2023

Wall Street stocks rallied and the dollar retreated Wednesday after the Federal Reserve enacted a smaller interest rate …

Biden, Republican leader clash -- with US economy at stake

Feb 01 2023

President Joe Biden and the new Republican speaker of the House of Representatives, Kevin McCarthy, were deeply divided …

US Fed unveils smaller rate hike but signals inflation fight not over

Feb 01 2023

America's Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering an aggressive campaign to rein in …

EU unveils plan to counter US green subsidies, China competition

Feb 01 2023

The EU on Wednesday unveiled proposals including a controversial relaxation of state aid rules to counter the threat to …

Stocks and dollar struggle before Fed rate decision

Feb 01 2023

Stock markets and the dollar struggled for direction on Wednesday, as investors waited to learn the size of the US …

Half a million strike in UK as cost-of-living crisis bites

Feb 01 2023

Half a million people stopped work over pay in Britain on Wednesday leaving transport networks paralysed and thousands …

Business and consumers hamper climate fight: report

Feb 01 2023

Corporations and consumers are the main obstacle to the emissions cuts needed to keep global warming to the 1.5-degree …

What does hitting the debt ceiling mean for the US?

Feb 01 2023

The United States hit its borrowing cap of $31.4 trillion in January, prompting the start of measures to avoid a default …

Indonesian islanders file Holcim climate complaint

Feb 01 2023

Residents of the Indonesian island of Pulau Pari have filed a complaint against the cement giant Holcim, demanding …

US manufacturing activity contracts for third month: survey

Feb 01 2023

Activity in the US manufacturing sector shrank for a third straight month in January, hovering at the lowest levels …

Stocks rise, dollar eases before Fed rate decision

Feb 01 2023

Stock markets struggled for direction and the dollar dipped Wednesday, with all eyes on the size of the Federal …

US Fed set to slow rate hikes but signal inflation fight not over

Feb 01 2023

The Federal Reserve started the second day of its policy meeting Wednesday, on growing expectations that it will step …

Pakistan inflation hits 48-year high as IMF visits

Feb 01 2023

Inflation has risen to a 48-year high in crisis-hit Pakistan, according to government data released Wednesday, as IMF …

Half a million strike in UK's largest walkout in 12 years

Feb 01 2023

Half a million workers went on strike in Britain on Wednesday, calling for higher wages in the largest such walkout in …

US private hiring slows more than expected in January: survey

Feb 01 2023

Private employers in the United States slowed their hiring pace in January, payroll firm ADP said Wednesday, in the …

Total CEO expected in Mozambique after gas project halted

Feb 01 2023

The head of French energy giant TotalEnergies is expected this week to visit Mozambique, where a multi-billion-dollar …

Arctic cold 'no sweat' for electric cars in Norway

Feb 01 2023

Norwegian electric car owners have a word for the way they feel when they look nervously at their battery indicators …

Pakistan inflation rises to 48-year high as IMF visits

Feb 01 2023

Inflation has risen to a 48-year high in crisis-hit Pakistan, where the International Monetary Fund is visiting for …

Eurozone inflation falls but uncertainty remains

Feb 01 2023

The eurozone's annual inflation rate has fallen for a third consecutive month, official data showed on Wednesday, but …

Adani shares nosedive as Indian tycoon drops down rich list

Feb 01 2023

Shares in Gautam Adani's empire nosedived again on Wednesday as the Indian tycoon dropped off the Forbes top 10 rich …

Norway not a war profiteer, PM says

Feb 01 2023

Norway has grown richer by the minute as the conflict in Ukraine boosts its gas revenues, but the country is not a war …

Hong Kong economy shrank 3.5 percent in 2022

Feb 01 2023

Hong Kong's economy shrank by 3.5 percent in 2022, with exports plunging and the city's worst-ever coronavirus outbreak …

Electric car sales gain pace despite hurdles

Feb 01 2023

The electrification of the car industry is gathering pace, particularly in Europe, where the sale of new cars running on …

Asian markets rebound from losses after Wall St rally

Feb 01 2023

Asian markets bounced back from two days of losses on Wednesday as traders tracked a Wall Street surge fuelled by data …

Electric cars gain record market share in Europe

Feb 01 2023

Electric car sales set a new market share record in the European Union in 2022, industry figures showed Wednesday, as …

Share sale fails to halt Adani market slide in India

Feb 01 2023

A successful public offer failed to stop investors dumping shares in Indian tycoon Gautam Adani's business empire for a …