Business and Tech

EU leaders clash on climate funding, nuclear power

AFP - 17m ago

European Union leaders clashed at the start of a summit on Thursday over the bloc's plans to tackle climate change, …

Southwest, Boeing agree on compensation over 737 MAX

AFP - 18m ago

Southwest Airlines said Thursday it reached a settlement with Boeing to provide compensation for losses tied to the …

'Wise owl' Lagarde launches major ECB review

AFP - 26m ago

Christine Lagarde on Thursday announced a major review of the ECB's tools and goals and said the eurozone slowdown was …

Europe tells US to back off over Russian pipeline

AFP - 47m ago

Europe on Thursday warned Washington to mind its own business after US lawmakers gave initial approval to a bill that …

Trump tweets 'very close' to China trade deal

AFP - 52m ago

President Donald Trump tweeted on Thursday that the United States is "very close" to a trade deal with China, days …

UK economic scenarios post election

AFP - 55m ago

Britain's election result is set to significantly impact the direction of the nation's economy and financial markets …

Saudi Aramco briefly hits crown prince's $2 trillion target

AFP - 57m ago

Saudi Aramco's market value on Thursday briefly hit the $2 trillion valuation target sought by the kingdom's de facto …

Sterling slips as Britons head to polls

AFP - 1h ago

The British pound dipped Thursday as Britons voted in a general election that seeks to determine the future of Brexit.

China pledges more open economy, prudent monetary policy

AFP - 1h ago

China's Communist Party wrapped up a key annual economic meeting on Thursday with pledges to carry out a "prudent" …

Saudi Aramco hits crown prince's $2 trillion target

AFP - 1h ago

Saudi Aramco's market value on Thursday briefly hit the $2 trillion valuation target sought by the kingdom's de facto …

Trump says Greta Thunberg should 'chill,' go to movies

AFP - 2h ago

US President Donald Trump on Thursday slammed Time magazine's naming of Greta Thunberg as 2019 Person of the Year, …

Bangkok Bank to acquire $2.7bn stake in Standard Chartered's Indonesian bank

AFP - 2h ago

Thailand's Bangkok Bank said Thursday it would buy a majority stake worth $2.7 billion in Standard Chartered's …

Germany tells US to back off over Russian pipeline

AFP - 1h ago

Germany on Thursday warned Washington to mind its own business after US lawmakers gave initial approval to a bill that …

French govt says open to pension talks as strike persists

AFP - 2h ago

French officials said Thursday they were open to negotiate pension reforms that have sparked crippling transport …

ECB's Lagarde in spotlight as policy on hold

AFP - 2h ago

The European Central Bank left key monetary policy settings unchanged Thursday, placing the spotlight on new president …

EU leaders braced for climate clash

AFP - 3h ago

European Union leaders met without a British colleague on Thursday, but their departing neighbour's absence will not …

Turkey slashes interest rates again

AFP - 1h ago

Turkey's central bank lowered its main interest rate by two percentage points to 12 percent on Thursday -- the fourth …

Saudi Aramco hits crown prince's $2 trillion goal as shares soar

AFP - 2h ago

Saudi Aramco soared on Thursday above the $2 trillion valuation target sought by the kingdom's de facto ruler as the …

Germany slams planned US sanctions on Russian pipeline

AFP - 2h ago

Germany on Thursday criticised a vote by US lawmakers on a bill that would sanction contractors working on a Russian …

Turkey builds Libya ties in reaction to regional rivals

AFP - 1h ago

Turkey's recent moves with Libya -- threatening troop deployments and signing a contentious maritime deal -- are aimed …

Germany fines steelmakers 646 mln euros for price fixing

AFP - 5h ago

Germany's antitrust watchdog on Thursday said it had issued a 646-million euro ($720 million) fine against three steel …

Saudi Aramco market value tops $2 trillion

AFP - 1h ago

Energy giant Saudi Aramco's market value soared above $2 trillion on Thursday as its share price surged again on its …

German execs slam planned US sanctions on Russian pipeline

AFP - 1h ago

The German-Russian Chamber of Commerce called for retaliatory sanctions on Thursday after US lawmakers gave initial …

French govt open to negotiate as unions pursue pension strike

AFP - 4h ago

French officials said Thursday they were open to negotiating a plan that could push back many people's retirement to 64, …

Smooth-talking Lagarde faces first ECB grilling

AFP - 3h ago

New European Central Bank president Christine Lagarde makes her first monetary policy announcements Thursday, with …

Oil market still unbalanced despite OPEC+ cuts: IEA

AFP - 7h ago

Additional cuts by the powerful OPEC group of oil producers and its allies may not be enough to eliminate a glut of …

Australia stops short of major clampdown on Facebook, Google

AFP - 7h ago

Australia's government on Thursday announced a new taskforce to monitor the actions of tech giants such as Facebook and …

Most Asia markets up on Fed outlook, pound in view as UK votes

AFP - 3h ago

Asian equities mostly rose and the dollar was subdued Thursday after the Federal Reserve indicated it was unlikely to …

US court suspends naming restrictions on fake meat firms

AFP - 5h ago

A US court has suspended a law banning makers of vegetarian substitute meals from using the word "meat" to describe …

Mammoth field fires up Norway's oil industry

AFP - 9h ago

Under yellow metal legs stretching beneath the sea, billions of dollars lie buried. As the world tries hard to halt …

Thai rice farmers shun 'big agribusiness' and fight climate change

AFP - 10h ago

Battling drought, debt and ailments blamed on pesticides, rice farmers in northern Thailand have turned to eco-friendly …

Caviar 'queen': Chinese roe reigns around the world

AFP - 11h ago

The caviar on the menu of Michelin-starred restaurants may come from an unexpected place: China.

Chinese businesses boost self-reliance as trade war rolls on

AFP - 11h ago

Whether Beijing and Washington reach a trade deal or not, China is already speeding up efforts to break its reliance on …

Most Asia markets up on Fed forecasts, pound in view as UK votes

AFP - 3h ago

Asian equities mostly rose and the dollar was subdued Thursday after the Federal Reserve indicated it was unlikely to …

Twitter backs overhaul of social media to stem disinformation

AFP - 13h ago

Twitter co-founder Jack Dorsey is funding research aimed at changing the way information circulates on social media -- …

YouTube bans 'implied' threats

AFP - 7h ago

YouTube broadened its anti-harassment policies on Wednesday to include a ban on "implied" threats along with insults …

Canada's Trudeau denies giving ground on aluminum in USMCA

Dec 11 2019

Canada's Prime Minister Justin Trudeau on Wednesday denied charges that he sacrificed the nation's aluminum industry to …

White House advisor uses alter ego in policy memo: report

Dec 11 2019

A top White House trade policy advisor is using his fictional alter ego to drive discussions about the dispute with …

Fiat Chrysler workers approve new US contract

Dec 11 2019

Workers at Fiat Chrysler approved a new labor contract on Wednesday that includes a $9,000 signing bonus, completing a …

Sterling rebounds on eve of UK election

Dec 11 2019

The pound bounced back on Wednesday ahead of a British general election, even though a fresh poll predicted Prime …

Greta slams 'misleading' climate pledges at chaotic UN summit

Dec 11 2019

Swedish activist Greta Thunberg accused rich countries of "misleading" people over climate action at UN talks in Madrid …

US aviation chief says Boeing 737 MAX won't be recertified until 2020

Dec 11 2019

The top US air transport regulator on Wednesday doused Boeing's hopes that its 737 MAX will return to the skies this …

EU leader urges MEPs to back green growth plan

Dec 11 2019

The EU's top official Wednesday launched the bloc's new "Green Deal", hailing it as a strategy for jobs and economic …

US Fed says will focus on low inflation, global economy

Dec 11 2019

The Federal Reserve kept its key lending rate unchanged on Wednesday but said it will turn its sights to low inflation …

Iran says repelled a 'highly organised cyber attack'

Dec 11 2019

An Iranian minster said Wednesday the Islamic republic had recently thwarted a "highly organised cyber attack" targeting …

From the grave, revered ex-Fed chief issues Trump-era warning

Dec 11 2019

In an essay published posthumously on Wednesday, revered former Federal Reserve chief Paul Volcker issued a dire warning …

First commercial electric plane takes flight in Canada

Dec 11 2019

The world's first fully electric commercial aircraft took its inaugural test flight on Tuesday, taking off from the …

China pressing Faroe Islands to use Huawei 5G system: media

Dec 11 2019

China's ambassador to Denmark has pressured the Faroe Islands to hire telecommunications giant Huawei to build a 5G …

US Fed to hold steady at final 2019 meeting

Dec 11 2019

The Federal Reserve resumed its final policy meeting of 2019 on Wednesday, with markets overwhelmingly expecting the …

Sterling slides on eve of UK election

Dec 11 2019

The British pound bounced back Wednesday ahead of a UK general election, even as a fresh poll predicted Prime Minister …

Saudi Aramco shares rocket on debut after record IPO

Dec 11 2019

Saudi Aramco's shares soared on their debut on the domestic stock exchange Wednesday, becoming the world's biggest …

US housing, medical care prices drive inflation to 12-month high

Dec 11 2019

A bump up in costs for housing and medical care drove US inflation in November up at the fastest pace in a year, while …

Austrian court strikes down 'Trojan horse' surveillance law

Dec 11 2019

Austria's Constitutional Court on Wednesday struck down parts of a law passed by the previous government which would …

Climate pledges 'misleading', Greta tells UN meet

Dec 11 2019

Swedish activist Greta Thunberg on Wednesday accused wealthier nations of inventing ways to avoid slashing their …

Credit Suisse vows to stop financing new coal-fired power plants

Dec 11 2019

Credit Suisse announced Wednesday that it will no longer finance any new coal-fired power plants as the financial sector …

25 billion reasons: Why Saudi is listing its crown jewel

Dec 11 2019

Saudi oil giant Aramco's valuation soared to $1.88 trillion on Wednesday as it hit the domestic stock exchange after the …

Trade turbulence pushes airline profits lower

Dec 11 2019

Global trade tensions have sent airline profits into a descent, the industry's trade association said Wednesday, and …

Qatar lists 'blockade' busting dairy farm on market

Dec 11 2019

Baladna farms, which has led Qatar's charge for food self-sufficiency following a regional economic embargo, listed on …

Aramco listing boosts Saudi bourse into world's elite

Dec 11 2019

Saudi stock exchange Tadawul, already the largest Arab bourse, has been catapulted into the global top ten with the …

Saudi Aramco: from 'Prosperity Well' to energy giant

Dec 11 2019

From its beginnings in 1938 when it first struck oil with the aptly named "Prosperity Well", Saudi Arabia's energy giant …

Asian markets mostly up but trade jitters keep investors on edge

Dec 11 2019

Asian markets mostly rose Wednesday but investors are growing nervous at the lack of news on China-US trade talks, with …

Saudi Aramco shares soar maximum 10% on market debut

Dec 11 2019

Saudi Aramco shares soared 10 percent to the daily limit on their trading debut on the Saudi stock exchange Wednesday, …

Asian markets struggle for traction as trade concerns fester

Dec 11 2019

Asian markets mostly rose Wednesday but investors are growing nervous at the lack of news on China-US trade talks, with …

Saudi Aramco shares to begin trading after world's biggest IPO

Dec 11 2019

Saudi Aramco's shares begin trading on the domestic stock market Tadawul on Wednesday, after the energy behemoth …

As strike drags on, French government to unveil pension plan details

Dec 11 2019

The French government will unveil the details of a pension reform plan Wednesday that has already seen workers down …

Germany on alert as swine fever nears border

Dec 11 2019

Sniffer dogs, drones and electrified fences: Germany is deploying a full array of defences to stop boars from bringing …

Financial markets embrace brave new world of AI

Dec 11 2019

Artificial Intelligence has spread rapidly across markets in recent years as traders constantly strive to gain the upper …

Partisan news outlets seek to fill void in US 'news deserts'

Dec 11 2019

Open the website of the Kalamazoo Times of Michigan and you will see a smattering of articles such as might be found on …

US, Mexico, Canada finalize trade deal

Dec 11 2019

The United States, Mexico and Canada signed a deal Tuesday to finalize their new trade agreement, paving the way to …

Facebook firm on message encryption despite pressure

Dec 11 2019

Facebook said Tuesday it plans to move ahead with strong encryption for all its messaging applications, claiming that …

Chevron slashes asset value by $10-$11 bn on low oil, gas prices

Dec 10 2019

Chevron announced Tuesday it will slash the value of its assets by $10 billion to $11 billion due to weaker oil and …

Stock markets nervous as US tariff deadline nears

Dec 10 2019

Key stock markets were soft on Tuesday and the dollar faltered as nervousness reigned surrounding China-US trade talks …

US fines HSBC's private Swiss arm $192.4 mn over tax dodging

Dec 10 2019

HSBC's Swiss private banking arm has agreed to fork over nearly $200 million in unpaid taxes, improper fees and fines …

US arrests three in alleged $722 mn cryptocurrency fraud

Dec 10 2019

US authorities arrested three men in an alleged fraud that raised $722 million from investors lured by fake bitcoin …

US, Mexico, Canada sign deal finalizing trade agreement

Dec 10 2019

The United States, Mexico and Canada signed a deal Tuesday to finalize their new trade agreement, paving the way to …

USMCA: What are the changes in the new trade deal?

Dec 10 2019

A year after signing a new regional free trade pact, the United States, Mexico and Canada have agreed to key changes to …

New York judge sides with Exxon Mobil in climate fraud case

Dec 10 2019

A New York judge sided with Exxon Mobil on Tuesday in a closely-watched environmental case, concluding the oil giant did …

US, Mexico, Canada to sign deal finalizing trade agreement

Dec 10 2019

The United States, Mexico and Canada are expected to sign a deal Tuesday finalizing their new trade agreement, capping …

US Fed opens final 2019 meeting; no rate move expected

Dec 10 2019

The Federal Reserve on Tuesday opened its final policy meeting of 2019, with markets overwhelmingly expecting the …

WTO chief details bid to save appeals panel

Dec 10 2019

The head of the World Trade Organization said Tuesday that he intends to put new issues "on the table" in negotiations …

US, China working to delay Dec 15 tariffs: report

Dec 10 2019

US and Chinese officials are working on a deal to postpone tariffs set to hit Chinese imports in five days, according to …

French PM warns of long pensions standoff in face of new protests

Dec 10 2019

French Prime Minister Edouard Philippe warned Tuesday of a lengthy battle over the government's pension reforms, as …

Ryanair to keep Spain base open but cuts hours, wages: union

Dec 10 2019

Irish airline Ryanair has agreed to keep its base in the northeastern Spanish city of Girona open in exchange for …

Amazon lawsuit will not delay $10 bn JEDI contract: Pentagon

Dec 10 2019

The lawsuit filed by Amazon challenging a $10 billion US military cloud computing contract awarded to Microsoft will not …

House leader Pelosi: Revised USMCA much better than original

Dec 10 2019

After months of tense negotiation, US labor leaders and House Democrats have agreed to a modified North American trade …

Rights activists warn on weakening encryption

Dec 10 2019

More than 100 activist organizations, security experts and industry groups warned Tuesday against efforts to force tech …

Nervous stock markets slide as US tariff deadline nears

Dec 10 2019

Stock markets fell Tuesday and the dollar faltered, dragged down by nervousness surrounding China-US trade talks with …

Germany launches new plan for EU financial transaction tax

Dec 10 2019

Berlin on Tuesday unveiled proposals for a new financial transactions tax (FTT), hoping to hurry the project along that …

European stock markets slump, sterling extends dollar-rally

Dec 10 2019

European stock markets slumped Tuesday and the dollar faltered, dragged down by nervousness surrounding China-US trade …

Child's play: Coding booms among Chinese children

Dec 10 2019

Wearing a pair of black-rimmed glasses and a red T-shirt, an eight-year-old Chinese boy is logged in for an online …

Bayer targets climate-neutral business by 2030

Dec 10 2019

German chemical and pharmaceutical giant Bayer said Tuesday it aims to become "climate-neutral" by 2030, slashing or …

Asian markets mostly down as traders eye tariffs deadline

Dec 10 2019

Most Asian markets fell on Tuesday morning with investors keeping a nervous eye on the China-US trade talks with less …

UK pub chain Wetherspoon says to create 10,000 jobs

Dec 10 2019

British pub chain JD Wetherspoon on Tuesday said it would create some 10,000 jobs over four years across the UK and …

Nissan faces $22 million fine for misreporting Ghosn pay

Dec 10 2019

Nissan should be fined $22 million for filing documents that under-reported the compensation of former chief Carlos …

Revving up to a new speed record in the Kalahari

Dec 10 2019

A loud hiss rips through the stillness of southern Africa's Kalahari Desert.

Chinese inflation hits eight-year high as pork prices double

Dec 10 2019

Consumer prices in China accelerated at their fastest pace for almost eight years in November as the African swine fever …

Christmas in Iceland means a 'flood' of books under the tree

Dec 10 2019

In the land of the Sagas, it isn't Christmas if there isn't a deluge of books under the tree -- literally.

USMCA talks in Mexico after Trump says 'very good things' happening

Dec 10 2019

Officials from the US, Canada and Mexico will meet in Mexico on Tuesday for talks on a new continent-wide trade deal …

Asian markets in retreat as traders eye tariffs deadline

Dec 10 2019

Asian markets fell on Tuesday morning with investors keeping a nervous eye on the China-US trade talks with less than a …

Trump: 'Very good things' happening in USMCA talks

Dec 10 2019

President Donald Trump hinted on Monday that efforts to push a new continent-wide trade deal through the US Congress …

Paul Volcker, US Fed chief who led war on inflation, dead at 92

Dec 09 2019

Former US Federal Reserve chairman Paul Volcker, who tackled American inflation in the 1970s and 80s and later lent his …

European, US stock markets hit pause at start of big week

Dec 09 2019

European and US stock markets eased on Monday at the start of a key week for China-US trade hopes and ahead of Britain's …