Business and Tech

Inter-American Development Bank leaves China in Venezuela row

AFP - 57m ago

The Inter-American Development Bank said Friday its annual meeting would exit China after the United States led …

Economic gloom hits world stock markets

AFP - 6h ago

Worries about economic growth prospects hit global stock markets on Friday, causing sharp price drops on both sides of …

Visual discovery startup Pinterest files for IPO

AFP - 7h ago

Pinterest, the online visual discovery platform with an estimated 250 million users, filed for a public share offering …

US slaps sanctions on Venezuelan bank

AFP - 9h ago

The United States on Friday slapped sanctions on a key Venezuelan bank, BANDES and four affiliates over their support …

US corporations advertise on hookup sites -- unwittingly

AFP - 10h ago

Ads for major US corporations like General Electric and home improvement retail chain Lowe's are appearing, often …

US pizza firm hopes to score with NBA star Shaq

AFP - 11h ago

American pizza chain Papa John's, struggling since its chairman resigned over a comment maligning black people, on …

China's Xi insists new Silk Road runs both ways as Italy signs up

AFP - 13h ago

Chinese President Xi Jinping sought Friday to allay Western unease over his new Silk Road initiative by emphasising the …

After Trump barbs, GM announces $1.8 bn investment, new jobs

AFP - 7h ago

Facing a barrage of attacks from President Donald Trump over plant closures, General Motors announced Friday a $1.8 …

Spain launches plan to entice back workers who left during crisis

AFP - 4h ago

Spain's Socialist cabinet on Friday approved a plan to persuade some of the roughly one million workers who left the …

China probes factory blast after 62 killed

AFP - 14h ago

Chinese President Xi Jinping ordered local governments Friday to prevent any more industrial disasters after a chemical …

Ralph Nader seeks "big" passenger rights group after Boeing crashes

AFP - 14h ago

Ralph Nader, the US consumer protection advocate who lost a relative in the crash of a Boeing passenger jet in Ethiopia, …

China's Xi says new Silk Road runs both ways as Italy signs up

AFP - 2h ago

Chinese President Xi Jinping sought to allay Western unease over his new Silk Road initiative on Friday by emphasising …

Chinese investment in Europe: A story of cash and concerns

AFP - 16h ago

Chinese firms have plowed at least 145 billion euros ($164 billion) into Europe since 2010, but investment has been …

China probes factory blast after 47 killed

AFP - 2h ago

Chinese President Xi Jinping ordered local governments Friday to prevent any more industrial disasters after a chemical …

EU should build autos in US to avoid tariffs: Trump

AFP - 16h ago

President Donald Trump said Friday he was using the threat of tariffs to pressure European manufacturers to build more …

Pound rises on Brexit delay; economic gloom hits European stocks

AFP - 4h ago

Sterling rose further Friday after Brussels gave Britain a Brexit deadline extension, but stocks dived as fresh economic …

China probes factory blast as death toll rises to 47

AFP - 2h ago

Chinese President Xi Jinping ordered local governments Friday to prevent any more industrial disasters after a chemical …

German manufacturing woes drag down eurozone

AFP - 19h ago

Signs of a weak first quarter for the eurozone mounted on Friday as a closely-watched survey pointed to March output …

China's new Silk Road gets bumpy as Xi visits Italy

AFP - 4h ago

Chinese President Xi Jinping kicked off a whistlestop European tour in Rome on Friday amid growing Western unease over …

WOW Air back in talks with Icelandair after Indigo goes

AFP - 21h ago

US private equity firm Indigo Partners has withdrawn its offer to buy a stake in Iceland's loss-making carrier WOW Air, …

Pound up but still faces pressure after Brexit delay deal

AFP - 3h ago

The pound rose Friday but was struggling to claw back its latest losses after the EU gave Britain a Brexit deadline …

Indonesia's Garuda says to cancel 49-jet Boeing 737 deal after crashes

AFP - 22h ago

Indonesia's national carrier Garuda has told Boeing it will cancel a multi-billion-dollar order for 49 Boeing 737 Max 8 …

Restrictions on Hong Kong's freedoms denting business confidence: US

AFP - Mar 22 2019

Growing restrictions on Hong Kong's freedoms are hurting business confidence, the United States warned in a report …

Death toll in China chemical plant blast jumps to 47

AFP - 4h ago

The death toll from a huge explosion at a chemical plant in eastern China surged to 47 on Friday, making it one of the …

Indonesia's Garuda cancels 49-plane Boeing 737 order after crashes

AFP - 57m ago

Indonesia's national carrier Garuda will call off a multi-billion-dollar order for 49 Boeing 737 Max 8 jets after two …

The scent of soap making returns to Aleppo

AFP - 11h ago

After years of war, the scent of laurel oil once again wafts from a small soap workshop in Aleppo, signalling the …

Pound stabilises but struggles to rally after Brexit delay deal

AFP - 4h ago

The pound edged up Friday but was struggling to claw back its latest losses after the EU gave Britain a Brexit deadline …

Tesla chief Musk calls on workers to help deliver cars

AFP - 21h ago

Tesla chief Elon Musk on Thursday urged workers to make helping with the "biggest wave" of deliveries in the electric …

After crashes, Boeing rolls out safety feature previously sold as option

AFP - 20h ago

Boeing's 737 MAX aircraft will be outfitted with a warning light for malfunctions in the anti-stall system suspected in …

Energy giants spent $1bn on climate lobbying, PR since Paris: watchdog

AFP - 17h ago

The five largest publicly listed oil and gas majors have spent $1 billion since the 2015 Paris climate deal on public …

Cradle of Venezuela oil industry is a scene of desolation

AFP - 16h ago

Greasy slicks continue to darken the ground in Mene Grande, a modest town where Venezuela's oil boom was born more than …

Brazil's Temer detained as crime boss in 'Car Wash' probe

AFP - 17h ago

Brazil's ex-president Michel Temer was the leader of a "criminal organization" involved in embezzlement and money …

Nike shares fall on slower North American sales growth

AFP - 17h ago

Nike shares fell on lower sales growth in North America Thursday as the company returned to third-quarter profitability …

US military chief warns over 5G development progress

AFP - 4h ago

America's top military officer urged industry Thursday to strengthen efforts to build the next-generation wireless …

Levi's surges in Wall Street return

AFP - 11h ago

Iconic jeans company Levi's made a hot return to Wall Street on Thursday as it eyes international growth and more direct …

Pound falls again amid Brexit chaos as US stocks rally

AFP - 13h ago

The pound fell further as EU leaders met in Brussels on Thursday to consider a Brexit delay, while Wall Street stocks …

Australian gets 2 years in jail for Iran trade

AFP - 6h ago

An Australian man was sentenced to two years in prison in Washington Thursday for exporting restricted aviation …

Macron, Merkel, Juncker and Xi to meet Tuesday in Paris

AFP - 4h ago

French President Emmanuel Macron will hold trade and climate talks on Tuesday with his Chinese counterpart Xi Jinping …

British cannot close off fishing waters post Brexit: France

AFP - 6h ago

French Minister of Agriculture Didier Guillaume said Thursday it was "not possible" for Britain to close its waters to …

US sanctions Chinese ships over N.Korea sanctions

AFP - 6h ago

The United States on Thursday imposed sanctions on two Chinese shipping companies for doing business with North Korea, …

EU Parliament urged to strip ExxonMobil lobbyists of access badges

AFP - 19h ago

The European Parliament faced calls Thursday to strip ExxonMobil lobbyists of their access badges after the US oil giant …

Facebook admits storing passwords in plain text

AFP - 9h ago

Facebook on Thursday admitted that millions of passwords were stored in plain text on its internal servers, a security …

Pound under pressure as EU leaders meet on Brexit

AFP - 3h ago

The pound fell further as EU leaders met in Brussels on Thursday to consider Britain's request to delay Brexit, while …

Sudan summons Egypt envoy over Red Sea oil bids

AFP - 10h ago

Sudan summoned Egypt's ambassador to Khartoum on Thursday to protest Cairo's "illegal" call for oil and gas exploration …

Brazil's ex-president Temer arrested in 'Car Wash' probe

AFP - 1h ago

Brazil's ex-president Michel Temer was arrested Thursday, becoming the latest former leader of the Latin American …

Pound under pressure ahead of Brexit summit

AFP - 3h ago

The pound fell further ahead of a key Brexit summit in Brussels on Thursday, while equities investors tried to come to …

UK facing 'national emergency' on Brexit: business, unions

AFP - 15h ago

Britain faces a "national emergency" as the risk of a no-deal Brexit rises, business and union leaders warned in an open …

BoE warns on further Brexit 'cliff-edge uncertainties'

AFP - 13h ago

The Bank of England on Thursday expressed concerns that further "uncertainties" over a "cliff-edge" no-deal Brexit …

Norway hikes interest rate, bucking global trend

AFP - 12h ago

Norway's central bank raised its key interest rate on Thursday and indicated another could soon follow due to the …

European equities wobble before Brexit summit

AFP - 2h ago

European stock markets mostly fell Thursday before a key Brexit summit in Brussels and an interest rate decision in …

US trade negotiators to visit China on March 28-29

AFP - 16h ago

Senior US officials will visit Beijing for a new round of trade war talks on March 28-29, followed by a trip to the …

Dollar struggles, stocks up on dovish Fed but trade fears persist

AFP - 3h ago

The dollar struggled in Asia on Thursday after a surprisingly dovish Federal Reserve indicated it would not lift …

Pyongyang sanctions workarounds failing to soften impact

AFP - 19h ago

North Korea's illicit and highly sophisticated efforts to circumvent UN sanctions may have sought to cushion their …

Levi's raises $623 mn ahead of NYSE debut Thursday

AFP - 22h ago

US jeans company Levi Strauss & Co. announced Wednesday strong pricing ahead of its Wall Street return, enabling it to …

Boeing 737 MAX to face first congressional hearing

AFP - 21h ago

Boeing's ill-fated 737 MAX and federal regulators next week will face the first public grilling by Congress over the two …

Dow falls after dovish Fed decision as Brexit chaos hammers pound

AFP - 15h ago

Wall Street stocks finished a volatile session mostly lower on Wednesday following a dovish Federal Reserve decision, …

Trump: China tariffs may remain for 'substantial period'

AFP - 11h ago

US President Donald Trump said Wednesday that US tariffs on Chinese imports could remain in place for a "substantial …

US Fed now expects no rate hikes in 2019

AFP - 8h ago

The Federal Reserve sent a strong signal the US economy is slowing, indicating Wednesday it will not raise the benchmark …

Key witness in Israel corruption case arrested after reneging on deal

AFP - Mar 20 2019

A key witness in a high-profile corruption case implicating allies of Israeli Prime Minister Benjamin Netanyahu has been …

A decade on, smartphone-like software finally heads to space

AFP - 9h ago

Once a traditional satellite is launched into space, its physical hardware and computer software stay mostly immutable …

Brexit delay request sends pound reeling

AFP - 4h ago

The pound fell sharply on Wednesday after Prime Minister Theresa May announced Britain was seeking a delay to its exit …

Rags-to-riches Skoda mulls post-Brexit sales woes

AFP - 17h ago

Once the butt of jokes, Czech-made Skoda cars have won over Brits, but the UK's looming exit from the European Union …

Electric shift prompts belt-tightening for German carmakers

AFP - Mar 20 2019

German carmakers are increasingly turning to electric vehicles to master tough new emissions limits looming in the EU, …

Toyota to build new hybrid cars in Brexit-facing UK

AFP - 23h ago

Toyota on Wednesday said it will build a new hybrid car in Britain for Japanese peer Suzuki -- a welcome boost for the …

US Fed resumes meeting with no rate hike expected

AFP - Mar 20 2019

The US Federal Reserve on Wednesday resumed its second meeting of the year, having all but assured markets it will leave …

Glyphosate under fire from San Francisco to Sri Lanka

AFP - 22h ago

Glyphosate, the world's most widely used herbicide and the active ingredient in Monsanto's weedkiller Roundup, is the …

EU fines Google for anti-trust breach

AFP - Mar 20 2019

The EU's powerful anti-trust regulator slapped tech giant Google with a new fine on Wednesday over unfair competition, …

Markets mostly drop as dealers await Fed

AFP - 1h ago

Asian and European stocks mostly slid Wednesday, as investors eyed China-US trade talks and the Brexit saga, before the …

BMW plans massive cost cuts to keep profits above water

AFP - Mar 20 2019

German high-end carmaker BMW warned Wednesday it expects pre-tax profits "well below" 2018 levels this year as it …

Five things to know about Bayer and Monsanto

AFP - Mar 20 2019

The second cancer victim in a year to win a surprise victory against US pesticide maker Monsanto raises the prospect of …

EU fines Google 1.49 bn euros for anti-trust breach

AFP - 34m ago

The EU's powerful anti-trust regulator slapped tech giant Google with a new fine on Wednesday over unfair competition, …

Investors flee Bayer after second glyphosate trial blow

AFP - Mar 20 2019

The threat to German chemical giant Bayer and subsidiary Monsanto from US litigation swelled Wednesday, when its share …

Bayer shares plunge on new US cancer ruling

AFP - 3m ago

Shares in German chemicals and pharmaceuticals giant Bayer plunged as markets opened Wednesday, after a second US jury …

Home improvements chain Kingfisher announces CEO exit

AFP - 14h ago

Flagging European home-improvements retailer Kingfisher announced Wednesday the departure of chief executive Veronique …

Most Asia markets down as dealers spooked by trade, Brexit

AFP - 2h ago

Asian markets mostly fell Wednesday with nervous investors keeping tabs on developments in China-US trade talks and the …

Crisis at India's Jet worsens as it grounds planes, faces strike

AFP - 14h ago

India's Jet Airways was fighting multiple crises Wednesday after grounding six planes, leaving it with only a third of …

Instagram moves into e-commerce with shopping button

AFP - 18h ago

Facebook-owned Instagram on Tuesday made a move into potentially lucrative e-commerce by adding an option to buy …

Lawsuits hot new option for Wall Street investors

AFP - 16h ago

Lawsuits can provide big payoffs. And betting on the outcome of a lawsuit is becoming a hot new way for Wall Street …

Lawmakers ask tech leaders to explain viral Christchurch video

AFP - 17h ago

A US congressional panel said Tuesday it was asking top executives from US tech firms to explain the proliferation …

Google unveils search changes to placate EU

AFP - 11h ago

Google on Tuesday unveiled a series of tweaks to its European search engine results in an effort to avoid further fines …

French sugar giant faces complaint over alleged Syria sorbitol supply

AFP - 9h ago

Business partners of French sugar giant Tereos have filed a complaint against the firm for allegedly supplying an …

US chemical plant fire smoke plume hovers over Houston

AFP - 5h ago

A large plume of black smoke hovered over parts of the US city of Houston on Tuesday as firefighters struggled with a …

European stocks climb as markets track Brexit, Fed

AFP - 6h ago

European stock markets rose Tuesday, while the pound steadied after strong British jobs data as traders braced for more …

Google moves to disrupt video games with streaming, studio

AFP - 15h ago

Google set out to disrupt the video game world on Tuesday with a Stadia platform that will let players stream …

US extends Iraq waiver over Iran sanctions

AFP - 11h ago

The United States is extending a waiver to let energy-hungry Iraq keep buying power from Iran, despite Washington's …

Facebook settles with rights groups on ad discrimination

AFP - 19h ago

Facebook unveiled major changes to how it uses targeted advertising on Tuesday, settling a legal challenge alleging it …

Trump ramps up claims of Big Tech bias

AFP - 17h ago

President Donald Trump stepped up claims of political bias by Big Tech firms Tuesday in a fresh assault on Silicon …

Iran's Mahan Air cancels Paris flights over 'sanctions'

AFP - 21h ago

Iran's Mahan Air has been forced to cancel its Paris flights over "sanctions", its customer services team said Tuesday …

Google aims to disrupt video games with streaming

AFP - 1h ago

Google on Tuesday set out to disrupt the world of video games with a Stadia platform aimed at putting its massive data …

US negotiators to return to China next week: official

AFP - 19h ago

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will return to Beijing next week as the …

Canada to assess Boeing 737 MAX airworthiness without US

AFP - 17h ago

Canada said Tuesday it will make its own assessment of Boeing's modifications to its 737 MAX airliners before allowing …

Bolsonaro's US visit ignites Twitter firestorm in Brazil

AFP - 14h ago

Brazilian President Jair Bolsonaro's much-hyped visit to the United States ignited a firestorm on Twitter Tuesday as …

Google unveils game streaming platform called Stadia

AFP - 46m ago

Google on Tuesday unveiled a streaming platform called Stadia that allows video game play on any internet-connected …

White House hails hot economy; warns against Democrats' proposals

AFP - 10h ago

The White House on Tuesday predicted brisk US growth of about three percent would continue for more than a decade if …

US sanctions Venezuela state gold mining company: Treasury

AFP - 7h ago

The United States slapped sanctions Tuesday on a Venezuelan state mining company, charging that its illicit gold …

US Fed starts meeting, with no rate hike expected

AFP - 9h ago

The US Federal Reserve on Tuesday began its second policy meeting of the year but has signaled it will not raise …

Trump fires at GM again ahead of Ohio visit

AFP - 6h ago

General Motors' decision to shutter an Ohio auto plant was back in the spotlight on Tuesday following repeat Twitter …

Cubans use new found social media heft to challenge leaders

AFP - 6h ago

Cubans are using new found social media muscle to challenge their leaders in ways hitherto unseen on the communist-run …

Investors go after Danske for $475 million

AFP - 7h ago

Institutional shareholders in scandal-ridden Danske Bank are suing the Danish lender for $475 million in damages for …

US lawmaker sues Twitter, alleging anti-conservative bias

AFP - 6h ago

A Republican congressman is suing Twitter claiming the online platform discriminates against conservatives by hiding …

Chinese investor weighs sale of Toulouse airport stake

AFP - 4h ago

A Chinese firm that holds the largest stake in southern France's Toulouse airport is considering selling out and has …

Brexit freezing UK food suppliers out of seasonal sales

AFP - 6h ago

Global fans of a traditional British Christmas could be in for a disappointment when the season comes around this year.