Business and Tech

Elon Musk and Twitter dig for evidence as trial looms

AFP - 30m ago

Twitter and Elon Musk sparred in court on Tuesday, each digging for evidence to prevail in a high-stakes trial next …

Large Wall Street firms fined $1.8 bn in US over lax recordkeeping

AFP - 1h ago

Large Wall Street firms agreed to pay $1.8 billion in fines over failures to keep electronic records such as text …

Stocks mostly fall on European gas woes, inflation worries

AFP - 2h ago

Global equities mostly fell Tuesday as concerns over European gas supplies and the Ukraine conflict again came to the …

Biden laying foundation for green energy investments: Yellen

AFP - 2h ago

US President Joe Biden's push for green energy tax credits will help boost a massive ramp up in private investment that …

US fines 16 Wall Street firms $1.1 bn for lax recordkeeping

AFP - 1h ago

US regulators fined 16 Wall Street firms a total of $1.1 billion over failures to keep electronic records such as text …

Stocks slide amid Ukraine, gas worries, as pound rebounds

AFP - 5h ago

European equities fell Tuesday as concerns over European gas supplies and the Ukraine conflict again came to the fore, …

Blasts recorded before Russia-Europe pipeline leaks

AFP - 7h ago

Explosions were recorded before mysterious leaks in two Baltic Sea gas pipelines linking Russia and Europe, …

US consumer confidence jumps again in September: survey

AFP - 9h ago

Boosted by rising wages and falling gas prices, US consumers were much more upbeat about the state of the American …

Italy's far-right Meloni begins tricky government talks

AFP - 9h ago

Italian far-right leader Giorgia Meloni and her allies began Tuesday what is likely to be a weeks-long process of …

Stocks stabilise as pound rebounds

AFP - 2h ago

Equity markets stabilised Tuesday after recent volatility, as the dollar weakened slightly against major rivals, helping …

Ireland unveils 11-bn-euro budget to tackle energy, cost-of-living crises

AFP - 3h ago

Ireland on Tuesday announced an 11-billion-euro ($10.5-billion) budget for the upcoming year to combat mounting …

Sabotage suspected after leaks in Russia-Europe gas pipelines

AFP - 2h ago

The two Nord Stream gas pipelines linking Russia and Europe have been hit by unexplained leaks, Scandinavian authorities …

Meta says China-based campaign aimed at US election

AFP - 11h ago

Meta said Tuesday it derailed a campaign out of China to influence upcoming US elections by posing as people in the …

Pound rebounds, stocks steady tracking recession risks

AFP - 3h ago

The dollar weakened slightly against major rivals Tuesday, helping the pound to rebound from a record low, while equity …

Sabotage suspected after Nord Stream pipeline leaks

AFP - 2h ago

The two Nord Stream gas pipelines linking Russia and Europe have been hit by unexplained leaks, Scandinavian authorities …

Dollar softens after rally, stocks stable but uncertainty reigns

AFP - 2h ago

The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a …

In Spain, politicians wage tax war ahead of elections

AFP - 18h ago

With elections a year away, the battle lines have been drawn between Spain's left-wing government and its right-wing …

Ireland to unveil budget to tackle cost of living and energy crises

AFP - 7h ago

The Irish government will on Tuesday unveil its budget for the upcoming year and its plans to deal with widespread …

Dollar softens after rally but Asian stocks struggle to recover

AFP - 2h ago

The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a …

'A new era': NASA strikes asteroid in key test of planetary defense

AFP - 23h ago

Bullseye: A NASA spaceship on Monday struck an asteroid seven million miles away in order to deflect its orbit, …

NASA readies to deflect asteroid in key test of planetary defense

Sep 26 2022

A small point of light that starts to fill out the screen, revealing a never-before-seen asteroid, before the images …

Stocks volatile, pound hits record low

Sep 26 2022

Wall Street stocks fell again Monday as recession fears brought volatility to financial markets, pushing the pound to an …

US brings fraud charges in $100 mn New Jersey deli case

Sep 26 2022

US officials announced fraud charges Monday against three men who orchestrated a $100 million scheme to inflate the …

Biden seeks up-front disclosure of airline ticket fees

Sep 26 2022

Airlines would be required to disclose fees for luggage or for passengers to sit next to their children prior to ticket …

UK's new PM under fire as pound sinks and BoE sounds alarm

Sep 26 2022

The government of new British Prime Minister Liz Truss on Monday came under pressure after the pound hit a record low …

NASA to deflect asteroid in key test of planetary defense

Sep 26 2022

NASA will on Monday attempt a feat humanity has never before accomplished: deliberately smacking a spacecraft into an …

UK PM Truss under fire as pound sinks

Sep 26 2022

The government of new British Prime Minister Liz Truss on Monday came under pressure after the pound hit a record low …

Apple to make iPhone 14 in India in shift away from China

Sep 26 2022

Apple will manufacture its new flagship smartphone in India, the US tech giant said Monday, as it seeks to diversify …

World economy to slow, 'paying the price of war': OECD

Sep 26 2022

The world economy will take a bigger hit than previously forecast next year due to the effects of Russia's war in …

French borrowing to hit record as 2023 budget unveiled

Sep 26 2022

The French government will borrow a record 270 billion euros ($260 billion) next year to finance a budget that includes …

UK eyes big TikTok fine over child privacy lapse

Sep 26 2022

Britain on Monday warned it could fine TikTok £27 million ($29 million) over a potential failure to protect children's …

Pound hits record low versus dollar, Italy stocks up after vote

Sep 26 2022

The pound hit a record low against the dollar Monday on surging fears about the ailing UK economy.

Pound hits record low versus dollar, markets hit by recession fears

Sep 26 2022

The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled …

Tokyo stocks end 2.7% lower on slowdown fears

Sep 26 2022

Tokyo stocks closed lower Monday with investors disheartened by global selloffs linked to growing fears over an economic …

Ukrainian heavy industry ground down by Russia's war

Sep 26 2022

Usually the engine-room of the Ukrainian economy, heavy industry has fallen victim to Russia's invasion, with output …

Porsche, luxury carmaker with storied history

Sep 26 2022

Germany luxury carmaker Porsche is gunning for a blockbuster IPO on the Frankfurt Stock Exchange this week. Here are …

Porsche to race onto German stock exchange with mega IPO

Sep 26 2022

Luxury sports carmaker Porsche will this week race onto the Frankfurt stock exchange in what is set to be one of …

Macau casino stocks surge on mainland travel hopes

Sep 26 2022

Casino stocks soared in Macau on Monday after authorities announced plans to gradually welcome back tour groups from the …

Inflation hits home for Mongolians struggling for basic goods

Sep 26 2022

At Ulaanbaatar's Naiman Sharga money exchange market, elderly women stand in the street waving wads of money at …

Petrol stations: running out of road?

Sep 26 2022

A vintage pump in the Vietnamese hills; a Madrid petrol station topped with a giant sombrero; a multi-coloured …

Pound hits record low versus dollar, markets drop on recession fears

Sep 26 2022

The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled …

Rihanna to headline Super Bowl halftime show

Sep 26 2022

Superstar Rihanna will headline the Super Bowl halftime show in February, the main event sponsor Apple Music announced …

UAE agrees to supply Germany with gas, diesel as Scholz tours Gulf

Sep 26 2022

The United Arab Emirates agreed Sunday to supply natural gas and diesel to Germany as part of an "energy security" deal …

Netflix and Disney poised to shake up TV ad world

Sep 26 2022

With the launch of cheaper, ad-supported subscriptions, Netflix and Disney+ are expected to bite into the revenue of …

Huge fire destroys warehouse at giant Paris wholesale market

Sep 25 2022

A major blaze swept through part of one of the world's biggest fresh produce markets on the outskirts of Paris on …

Swiss narrowly back hiking retirement age for women

Sep 25 2022

Swiss voters on Sunday accepted by a hair a divisive pension reform plan, which will raise women's retirement age to the …

United Arab Emirates agrees to supply Germany with gas, diesel

Sep 25 2022

The United Arab Emirates agreed Sunday an "energy security" deal with Germany to supply liquefied natural gas and diesel …

Swiss back pension reform, hiking retirement age for women: projections

Sep 25 2022

Swiss voters appeared set Sunday to narrowly accept the government's divisive pension reform plan, which would raise the …

Swiss vote on factory farm ban, pension reform

Sep 25 2022

Switzerland votes Sunday on a slew of issues, including a proposed ban on factory farming and divisive pension reform …

German bakeries fight for survival as costs spiral

Sep 25 2022

Faced with exploding energy and ingredient costs, German baker Tobias Exner has installed new energy-efficient ovens, …

Cypriot carob growers harvest their 'black gold'

Sep 25 2022

Christos Charalambous might be 79 but he is several metres up a carob tree, harvesting a fruit known as "black gold" on …

'You cannot survive': Inflation bites as Thai election looms

Sep 25 2022

Sheltering from rain near Bangkok's Grand Palace, scores of unemployed Thais queue alongside homeless people waiting for …

Ford's electric drive reinvents historic Michigan factory

Sep 25 2022

Construction crews are back at Dearborn, remaking Ford's century-old industrial complex once again, this time for a …

EVs at Detroit Auto Show? Consumers have questions

Sep 25 2022

The emerging fleet of electric vehicles (EV) provoked fascination at the Detroit Auto Show, but many consumers were not …

France's TotalEnergies injects further $1.5 bn into Qatar gas

Sep 24 2022

France's TotalEnergies on Saturday signed a new $1.5 billion deal to help expand Qatar's natural gas production as …

World markets plunge on growing recession fears

Sep 23 2022

Stock markets tumbled, the pound crashed against the dollar and oil prices slumped Friday on growing recession fears …

White House rebukes World Bank chief in climate row

Sep 23 2022

The White House on Friday rebuked the head of the World Bank David Malpass, who is battling charges of climate denial …

World Bank chief Malpass says won't quit over climate denial row

Sep 23 2022

World Bank President David Malpass said Friday he had no plans to stand down, as he battles charges of climate denial …

Apple Music to sponsor Super Bowl half-time show

Sep 23 2022

Apple Music is to replace Pepsi as the title sponsor of the Super Bowl's prestigious half-time show, the NFL announced …

UK fights inflation with tax-cutting budget

Sep 23 2022

Britain's new government on Friday unveiled a multi-billion-pound package to support households and businesses hit by …

Germany's Scholz to visit Gulf states on energy hunt

Sep 23 2022

German Chancellor Olaf Scholz will on Saturday begin a two-day tour of Gulf states, including Saudi Arabia, in the hope …

Recession-bound UK fights inflation with tax cuts

Sep 23 2022

The UK's new government on Friday unveiled a multi-billion-pound package to support households and businesses hit by the …

UK axes EU-inherited cap on banker bonuses

Sep 23 2022

Britain on Friday axed a cap on bankers' bonuses aimed at boosting London's finance sector after Brexit, raising anger …

Why 'Monkey Island' creators returned to 1990s classic game

Sep 23 2022

When Ron Gilbert and Dave Grossman first let loose their swords, voodoo and pirates epic "The Secret of Monkey Island", …

Markets endure further losses, dollar rises as central banks turn screws

Sep 23 2022

Asian markets fell again Friday and the dollar extended gains as part of a global sell-off fuelled by recession fears …

Lachlan Murdoch faces off with Crikey in defamation row

Sep 23 2022

A high-stakes defamation battle between News Corp co-chairman Lachlan Murdoch and small Australian news outlet Crikey …

Markets endure further losses as central banks turn screws

Sep 23 2022

Asian markets fell again Friday as part of a global sell-off fuelled by recession fears after central banks around the …

Britain to unveil anti-inflation budget as recession looms

Sep 23 2022

The UK's new government on Friday unveils multi-billion-pound measures aimed at supporting households and businesses hit …

Financial markets, Brussels wary of Italy far-right win

Sep 23 2022

From her euroscepticism to her impact on Italy's enormous debt, the likely victory of far-right leader Giorgia Meloni in …

Hong Kong replaced by Singapore as Asia's top finance centre

Sep 23 2022

Hong Kong has lost its crown as Asia's premier finance centre to Singapore in a global ranking list where New York and …

US charges Boeing with misleading investors on 737 MAX safety, fined $200 mn

Sep 23 2022

US securities officials fined Boeing $200 million over the aviation giant's misleading assurances about the safety of …

Asian markets suffer further losses as central banks turn screws

Sep 23 2022

Asian markets fell again Friday as part of a global sell-off fuelled by recession fears after central banks around the …

Britain unveils anti-inflation budget as recession looms

Sep 23 2022

The UK's new government unveils Friday multibillion-pound measures aimed at supporting households and businesses hit by …

Facebook whistleblower launches nonprofit to take on big tech

Sep 23 2022

Whistleblower Frances Haugen -- a former Facebook engineer who leaked documents suggesting the firm put profits before …

CIA chief: I'm no Jason Bourne, I drive an old Subaru

Sep 22 2022

CIA Director Bill Burns said in the US spy agency's first-ever podcast Thursday that his life is nothing like Jason …

Markets drop as central banks hike rates

Sep 22 2022

Stock markets retreated on Thursday after the US Federal Reserve and central banks in Europe unleashed more hefty …

Canada launches review of cannabis legalization four years on

Sep 22 2022

Canada on Thursday launched a long-awaited review of its cannabis regulations, four years after becoming the first major …

Inflation-hit Turkey cuts rate for second month

Sep 22 2022

Turkey's troubled lira on Thursday plumbed new lows after the central bank cut its policy rate for the second straight …

UK government lifts gas fracking ban in England

Sep 22 2022

Britain on Thursday lifted England's moratorium on controversial gas fracking to boost energy security, despite breaking …

Spanish court opens probe into cannabis 'Ponzi scheme'

Sep 22 2022

Spain's top criminal court has opened a fraud investigation into a Netherlands-based medicinal cannabis investment …

Bank of England hikes rates again, warns on recession

Sep 22 2022

The Bank of England hiked its interest rate sharply again Thursday to combat decades-high inflation but warned the UK …

Bank of England hikes rate again as UK enters recession

Sep 22 2022

The Bank of England hiked its interest rate again on Thursday to combat soaring inflation as it warned that the UK's …

Japan government intervenes to support cratering yen

Sep 22 2022

Japan's finance ministry said Thursday it intervened in the currency market to bolster the yen, which has plummeted …

Markets tumble again as Fed hikes rates, warns more pain to come

Sep 22 2022

European stocks sank Thursday following sharp losses in Asia and on Wall Street, but the dollar spiked after the Federal …

Norway, Swiss central banks hike rates to tame inflation

Sep 22 2022

The Swiss and Norwegian central banks announced hefty interest rate hikes on Thursday as global monetary policymakers …

'Very high chance' Hong Kong will end year in recession

Sep 22 2022

Hong Kong is set to end the year in the midst of a full-blown recession, the city's finance chief warned Thursday, as …

Indonesia hikes rates for second straight month to stem inflation

Sep 22 2022

Indonesia's central bank hiked its key interest rate for the second month in a row Thursday to combat rising inflation …

Japan government intervenes to bolster cratering yen

Sep 22 2022

Japan's finance ministry said Thursday it intervened in the currency market to bolster the yen, which has plummeted …

Markets tumble again as Fed hikes rates, warns more to come

Sep 22 2022

Asian and European markets sank Thursday and the dollar rallied after the Federal Reserve unveiled a third straight …

Yen hits new 24-year low as Bank of Japan keeps loose policy

Sep 22 2022

The yen sank to a fresh 24-year low against the dollar on Thursday, with the greenback surging to nearly 146 after …

Europe throws billions at energy crisis

Sep 22 2022

Almost every week now, European governments are announcing emergency measures to protect households and businesses from …

Cheap mealboxes a taste of Hong Kong's economic woes

Sep 22 2022

Hong Konger Kitty Chan pivoted to takeout to help her restaurant survive the pandemic, but she has since opened a second …

With a gamer prince and oil billions, Saudi turns to eSports

Sep 22 2022

Wearing headphones and anti-sweat finger sleeves, gamers from eight countries guided gun-toting avatars through a battle …

Trump, children sued for 'incredible' fraud in New York

Sep 22 2022

Donald Trump and family members lied to tax collectors, lenders and insurers for years in a scheme that routinely …

Swiss mull banning factory farms

Sep 22 2022

The Swiss will vote Sunday on whether to ban intensive livestock farming in the largely rural country, which already has …

US jury orders Meta to pay $174.5 mn for violating patents

Sep 22 2022

A US jury on Wednesday ordered Meta to pay $174.5 million for violating live-streaming patents developed by a US Army …

Pressure grows after World Bank chief dodges climate questions

Sep 22 2022

Climate groups called Wednesday for the World Bank's president to be removed after he refused multiple times to say if …

US stocks fall, dollar gains as Fed unveils latest big rate hike

Sep 21 2022

Wall Street stocks tumbled and the dollar rallied Wednesday after the Federal Reserve announced another large interest …

Fed hikes rates again, warns inflation fight can't be 'painless'

Sep 21 2022

The Federal Reserve rolled out another steep increase in the key US interest rate Wednesday and said more hikes are …

Fed hikes rates again, says inflation fight can't be 'painless'

Sep 21 2022

The Federal Reserve raised the key US interest rate again Wednesday and said more hikes are coming as it battles soaring …

Twitch curbs gambling streams as addiction fears mount

Sep 21 2022

Twitch on Wednesday announced a ban on sites that stream unlicensed roulette, dice, or slots games as the platform is …

US Fed raises key interest rate as recession fears mount

Sep 21 2022

The Federal Reserve raised the key US interest rate again Wednesday and said more hikes are coming as it battles soaring …