Business and Tech

South Koreans boycott Japan beer in brewing trade row

AFP - 1h ago

Beer-loving South Koreans angered by a trade row with Tokyo are boycotting Japanese brews in a surge of patriotism that …

From Kabul to Baghdad, a tale of two 'Green Zones'

AFP - 2h ago

A labyrinth of concrete blast walls, spotlights, and checkpoints are eating up ever more of Kabul, standing in stark …

Singapore returning millions linked to Malaysia scandal

AFP - 2h ago

Singapore is returning almost $40 million to Malaysia seized in connection with a massive financial scandal that played …

Swine fever sends China's pork prices, imports soaring

AFP - 3h ago

Pork prices have been sent soaring and herds devastated as African swine fever tears through China's massive pig-farming …

Trump to nominate son of late top court justice as labor secretary

AFP - 18m ago

Donald Trump announced Thursday he will nominate the son of late US Supreme Court Justice Antonin Scalia for Labor …

Asian markets rally on fresh hopes for steep Fed rate cut

AFP - 3h ago

Asian markets rallied Friday as comments from a top Federal Reserve official were pounced on by investors as indicating …

Machine-meshed super-humans remain stuff of fantasy

AFP - 1h ago

A bold vision by tech entrepreneur Elon Musk to mesh human brains with artificial intelligence remains more science …

Boeing sees billions more in MAX costs as grounding drags on

Jul 18 2019

Boeing announced Thursday some $6.6 billion in additional costs because of the 737 MAX crisis, further pressuring …

Stock markets downbeat on growth concerns

Jul 18 2019

Stock markets mostly fell Thursday on concerns about an uncertain global economic outlook amid lingering disquiet about …

Profit soars for Microsoft fueled by cloud, business services

Jul 18 2019

Microsoft on Thursday posted quarterly earnings that trounced expectations, citing growth in partnerships with companies …

Chile lowers 2019 copper price projection as Chinese demand falls

Jul 18 2019

Chile, the world's largest producer of copper, reduced on Thursday its price projection for the precious metal for 2019 …

Fed's Williams: central bank should 'act quickly' during 'distress'

Jul 18 2019

Central banks should move quickly to address economic pain when interest rates are already low, a senior Federal Reserve …

Southwest Airlines again pushes back 737 MAX return date

Jul 18 2019

Southwest Airlines on Thursday again pushed back its target date for returning the Boeing 737 MAX to service, citing …

BMW names new boss as it looks to speed up electric transition

Jul 18 2019

BMW said Thursday that its production chief Oliver Zipse will replace Harald Krueger as chief executive in August, as …

Poland, Lithuania probe Russian-made app behind viral old age selfies

Jul 18 2019

Poland and Lithuania said Thursday they were looking into the potential security risks of using a Russian-made …

S.Africa cuts interest rates to shore up weak economy

Jul 18 2019

South Africa's central bank on Thursday cut its key interest rate for the first time since March 2018 as it sought to …

Poland probes Russian-made FaceApp behind viral old age selfies

Jul 18 2019

Poland said Thursday it was looking into the potential security risks of using a Russian-made face-editing app that has …

Facebook's Libra money a threat and far from ready: G7

Jul 18 2019

A threat to the international financial system. Not ready to be implemented. A potentially shadowy mechanism that could …

G7 ministers agree plan on digital tax but more work ahead

Jul 18 2019

Ministers from G7 top economies on Thursday reached consensus on steps towards an accord on taxing digital giants, an …

France to lead search for European candidate to head IMF

Jul 18 2019

French Finance Minister Bruno Le Maire said Thursday he will lead talks on finding a single European candidate to …

Renault to build, sell autos in Nigeria

Jul 18 2019

French car giant Renault plans to assemble two low-cost vehicles in Nigeria via a joint venture with the local …

Volvo Cars defies slowing market to hit record sales

Jul 18 2019

Volvo Cars, the Swedish luxury brand owned by China's Geely, defied a slowing global auto market to set a record for …

EU fines Qualcomm 242 mn euros for 'predatory' pricing

Jul 18 2019

The EU hit US chipmaking giant Qualcomm with an antitrust fine of 242 million euros ($271 million) Thursday, in another …

No-deal Brexit forecast to spark year-long UK recession

Jul 18 2019

Britain will slide into a year-long recession should it leave the European Union without a deal with Brussels, the …

EU fines chipmaker Qualcomm 1 bn euros for 'predatory' pricing

Jul 18 2019

The EU hit US chipmaking giant Qualcomm with an antitrust fine of 242 million euros ($271 billion) Thursday, in another …

G7 ministers reach consensus on taxing digital giants: France

Jul 18 2019

G7 finance ministers meeting in France on Thursday agreed a plan for taxing digital companies such as Facebook and …

Europe's Galileo GPS system back after six-day outage

Jul 18 2019

Europe's Galileo satellite navigationsystem, a rival of the American GPS network, is back in service after a six-day …

Swiss specialities: chocolate, cheese and ... wine?

Jul 18 2019

When foreigners think of Swiss specialities that might excite their taste buds, world-renowned chocolate and cheese …

EU fines chipmaker Qualcomm 242 mn euros for 'predatory' pricing

Jul 18 2019

The EU hit US chipmaking giant Qualcomm with an antitrust fine of 242 million euros ($271 billion) Thursday, in another …

Indonesia cuts interest rates in bid to boost growth

Jul 18 2019

Indonesia cut interest rates for the first time in nearly two years on Thursday as Southeast Asia’s largest economy …

Asian markets slip as uncertainty stalks trading floors

Jul 18 2019

Asian markets fell on Thursday, hit by concerns about the uncertain global economic outlook, the China-US trade war and …

A squeaky clean: friendly robots spruce up Singapore

Jul 18 2019

Hundreds of "friendly" robots that speak multiple languages and sing are being rolled out across hi-tech Singapore, to …

France to lead search for European candidate to head IMF: sources

Jul 18 2019

French Finance Minister Bruno Le Maire is to lead talks on finding a single European candidate to succeed Christine …

Instagram hides 'likes' from more users

Jul 18 2019

Instagram started hiding "likes" on its platform in Australia, Brazil and several other major markets Thursday, saying …

US senator calls for investigation into FaceApp

Jul 18 2019

Popular Russia-based application FaceApp, which allows users to change their appearance to look older or younger, came …

South Korea cuts interest rate as Japan trade row simmers

Jul 18 2019

South Korea's central bank on Thursday cut its key interest rate for the first time in three years as the economy …

'I miss their laughter': Grieving crash dad slams 'shameful' Boeing

Jul 18 2019

A grieving Canadian man who lost his family in the crash of a Boeing 737 MAX in Ethiopia in March told the US Congress …

Ghosn sues Nissan and Mitsubishi for breach of contract: report

Jul 18 2019

Former auto titan Carlos Ghosn, currently under house arrest in Tokyo, is suing Nissan and Mitsubishi in a Dutch court …

Canada is EU's 'closest transatlantic partner,' says Tusk

Jul 18 2019

Canadian Prime Minister Justin Trudeau launched the Canada-EU summit Wednesday by praising the "progress" resulting from …

Facebook's Libra prospects dim, but cryptocurrencies roll on

Jul 18 2019

Facebook's planned global digital coin Libra has run into a wall of opposition in Washington that could prevent its …

Netflix shares slide on disappointing subscriber growth

Jul 18 2019

Netflix shares plunged in after-hours trade Wednesday after its quarterly update showed weaker-than-expected subscriber …

US bars Turkey from F-35 program over Russian missiles

Jul 17 2019

The White House confirmed Wednesday that Turkey would be excluded from NATO's F-35 stealth fighter jet program after it …

Wall Street stocks retreat further from records

Jul 17 2019

Wall Street stocks retreated further from record levels on Wednesday, with industrial, transport and energy shares …

US Fed sees 'modest' growth despite 'widespread' trade fears

Jul 17 2019

Fears that President Donald Trump's trade wars will harm the economy are pervasive, but for now, America keeps chugging …

Netflix shares slide on disappointing Q2 subscriber growth

Jul 17 2019

Netflix shares plunged in after-hours trade Wednesday after its quarterly update showed weaker-than-expected subscriber …

France defiant in digital tax showdown with US at G7

Jul 17 2019

France on Wednesday said it would push ahead with its law to tax tech giants that has sparked a row with the United …

France says G7 consensus to 'act quickly' on Facebook Libra currency

Jul 17 2019

The G7 group of the world's most developed economies are worried about Facebook's planned Libra cryptocurrency and have …

US hopes China to undo backtracking on trade: official

Jul 17 2019

US officials hope China will reverse its decision to backtrack on commitments it made in the effort to settle the …

Dutch airline KLM under fire for breastfeeding cover-up rule

Jul 17 2019

Dutch airline KLM faced criticism Wednesday for policies that "shame women's bodies" after a breastfeeding mother said …

Stock markets weaker, pound under pressure

Jul 17 2019

Global stock markets turned weaker Wednesday after recent record gains in the US while growing concerns about a no-deal …

Strong consumer business boosts Bank of America earnings

Jul 17 2019

Bank of America scored record profits in the second quarter, as strong consumer banking results offset a decline in …

Prime Day sets fresh sales records for Amazon

Jul 17 2019

Amazon said Wednesday its two-day extravaganza known as Prime Day was its biggest shopping event ever, with sales …

Stock markets little changed, pound under pressure

Jul 17 2019

Global stock markets were easier Wednesday after recent record gains in the US while growing concerns about a no-deal …

Canada, EU to discuss trade accord at summit

Jul 17 2019

Canadian Prime Minister Justin Trudeau prepared Wednesday to welcome senior EU officials for a brief summit at which …

US home construction slides further in June

Jul 17 2019

Construction of new homes in the United States fell for the second straight month in June as builders erected fewer …

EU launches in-depth probe into Amazon over data use

Jul 17 2019

The EU's powerful antitrust authority launched an in-depth investigationinto Amazon on Wednesday, amid suspicions the …

New conservative Greek parliament sworn in after election

Jul 17 2019

Greece's new parliament was sworn in Wednesday after July 7 elections, led by a conservative government that has vowed …

WTO future a concern for global finance chiefs

Jul 17 2019

Global finance chiefs meeting in France have warned that the World Trade Organization's internal court risks becoming …

Brexit pounds sterling as stock markets retreat

Jul 17 2019

Rising concerns about a no-deal Brexit hit the pound once more on Wednesday, while stock markets retreated amid renewed …

France defiant as digital tax showdown with US looms at G7

Jul 17 2019

France on Wednesday expressed defiance in a row with the United States over taxing tech giants that threatens to …

EU launches in-depth probe on Amazon over data use

Jul 17 2019

The EU's powerful antitrust authority launched an in-depth investigation into Amazon on Wednesday, amid suspicions the …

Ghana and Ivory Coast lift threat to suspend cocoa supplies

Jul 17 2019

Ivory Coast and Ghana, the world's two largest cocoa producers, have ended a threat to stop selling their production in …

France defiant as digital dispute set to tax G7 ministers

Jul 17 2019

France was defiant as a row over taxing tech giants threatened to overshadow a meeting of G7 finance ministers that gets …

Asian stocks hit by trade woes while dollar rises, oil struggles

Jul 17 2019

Fresh trade worries and uncertainty about the Federal Reserve's plans for cutting interest rates weighed on Asian …

New conservative Greek parliament sworn in after elections

Jul 17 2019

Greece's parliament will be sworn in Wednesday after July 7 elections that saw a broad conservative victory end over …

Musk shows off progress on brain-machine interface

Jul 17 2019

Futurist entrepreneur Elon Musk late Tuesday revealed his secretive Neuralink startup is making progress on an interface …

Industry and campaigners spar over S.Africa's carbon tax

Jul 17 2019

South Africa's new carbon tax has provoked a storm of criticism from environmental campaigners who say it is too weak -- …

Internet a distant dream for many in oil-rich E. Guinea

Jul 17 2019

Equatorial Guinea is awash in oil, although little of the wealth has trickled down to the poor.

Iceland tries to bring back trees razed by the Vikings

Jul 17 2019

Before being colonised by the Vikings, Iceland was lush with forests but the fearsome warriors razed everything to the …

Madrid emerges as TV series production hub

Jul 17 2019

Media firms are racing to set up television production centres in Madrid following the runaway global success of Spanish …

Internet a lifeline for Venezuela's embattled independent media

Jul 17 2019

Starved of advertising revenue and battling a stranglehold on the newspaper industry by the government, Venezuela's …

GM, Fiat Chrysler warn workers auto industry facing tough future

Jul 17 2019

With plant closures hanging over the start of contract negotiations, General Motors chief Mary Barra on Tuesday warned …

Mixed earnings at large US banks as Fed rate cut looms

Jul 17 2019

JPMorgan Chase reported record quarterly profits on Tuesday behind strong consumer businesses on a day of mixed bank …

Trump declines to criticize Turkey's Russia missile purchase

Jul 16 2019

President Donald Trump declined Tuesday to criticize Turkey's acquisition of a Russian missile system assailed by the …

United Continental reports higher earnings despite MAX crisis

Jul 16 2019

United Continental reported higher second-quarter profits Tuesday as strong demand for flying offset the hit from the …

Wall Street retreats from records, pound dives on Brexit fears

Jul 16 2019

Wall Street stocks pulled back from records Tuesday following mixed earnings and economic data, while the British pound …

US senators warn of 'trust' gap over Facebook digital currency

Jul 16 2019

US senators Tuesday questioned whether Facebook can be trusted to manage its proposed Libra digital currency in the …

US manufacturing sinks into recession amid trade wars

Jul 16 2019

US manufacturing sunk into recession in June after two consecutive quarters of declines amid President Donald Trump's …

France urges G7 to find 'international solution' on digital taxes

Jul 16 2019

French Finance Minister Bruno Le Maire on Tuesday urged the G7 club of top world economic powers to find an …

Senators press Facebook on 'trust' in hearing on digital currency

Jul 16 2019

US senators Tuesday questioned whether Facebook can be trusted with a massive financial responsibility at the first …

Fed's Powell doubles down on rate cut signal

Jul 16 2019

Federal Reserve Chair Jerome Powell added more weight to expectations the central bank will cut interest rates later …

IMF to begin search for new leader as Lagarde resigns as of Sept 12

Jul 16 2019

Christine Lagarde will resign from the International Monetary Fund on September 12 as she awaits final word on her …

Oilfield wastewater may trigger earthquakes for 'decades'

Jul 16 2019

Wastewater from oil and gas production injected deep into wells could cause earthquakes strong enough to be felt on the …

European stock markets advance, pound slumps

Jul 16 2019

European stock markets pushed higher on Tuesday, while the pound hit the lowest level versus the dollar in more than two …

Berlin snaps up 670 flats to help ease housing tensions

Jul 16 2019

The city of Berlin is snapping up 670 apartments in a prime location from a private owner in a bid to ease mounting …

American consumer spending marches higher in June

Jul 16 2019

A spending spree by American consumers continued in June for the fourth straight month, as shoppers took home more new …

Trump says he wants review of Google's ties to China

Jul 16 2019

President Donald Trump said Tuesday he wants his administration to "take a look" into whether Google has been working …

Goldman Sachs reports dip in 2nd quarter profits

Jul 16 2019

Goldman Sachs reported a dip in second-quarter profits Tuesday due to declines in trading and debt underwriting, …

European stock markets edge higher, pound slumps

Jul 16 2019

European stock markets edged higher on Tuesday, while the pound hit the lowest level versus the dollar in more than two …

Ryanair slashes growth outlook on Boeing crisis

Jul 16 2019

Ryanair on Tuesday slashed its growth outlook and said it would temporarily shut bases as crisis-hit Boeing pushes back …

JPMorgan Chase reports higher profits, upbeat on US economy

Jul 16 2019

JPMorgan Chase reported a jump in second-quarter profits Tuesday behind strength in consumer and business banking as its …

Beijing rebuffs Trump claims over economic slowdown

Jul 16 2019

China on Tuesday rejected claims from US President Donald Trump that it is being forced to make a trade deal because of …

Renault sales fall in weakening auto market

Jul 16 2019

French auto giant Renault said Tuesday its first half sales were hit by a slowdown in several emerging countries but …

Chinese diplomats take to Twitter to defend Beijing

Jul 16 2019

Chinese diplomats are increasingly turning to Twitter to defend Beijing's policies to the international community, …

Asian markets drift as investors eye start of earnings season

Jul 16 2019

Most Asian markets were mixed Tuesday as investors took a breather after a recent rally and as they awaited the start of …

Ryanair closing bases due to Boeing 737 MAX crisis

Jul 16 2019

Ryanair said Tuesday it will close some of its bases because of problems with Boeing's crisis-hit 737 MAX jet, which has …

Training journalists in the era of fake news

Jul 16 2019

As uncannily realistic "deep fake" videos proliferate online, including one recently retweeted by Donald Trump, …

Malaysia to challenge EU palm oil curbs at WTO

Jul 16 2019

Malaysia will lodge a complaint with the World Trade Organization over the European Union's plan to phase out the use of …

Amazon workers strike as 'Prime' shopping frenzy hits

Jul 16 2019

Amazon workers walked out of a main distribution center in Minnesota on Monday, protesting for improved working …

US judge slashes jury award in Roundup cancer case

Jul 16 2019

A US judge on Monday slashed punitive damages a jury ordered Monsanto to pay in a Roundup cancer trial, saying the sum …

Twitter revamps website in bid to mimic mobile app

Jul 16 2019

Twitter on Monday began rolling out an overhauled version of its website, making it more similar to the mobile version …

EU agrees measures against Turkey for Cyprus drilling

Jul 16 2019

The European Union on Monday agreed measures to punish Turkey for pursuing drilling operations off Cyprus despite …