Business and Tech

Facebook announces 10,000 EU jobs to build 'metaverse'

AFP - 1h ago

Facebook on Monday announced plans to hire 10,000 people in the European Union to build the "metaverse", a virtual …

Jordan, Saudi investors launch Fly Aqaba

AFP - 1h ago

Jordan announced Sunday the signing of an accord to launch an airline financed by investors in the kingdom and Saudi …

Frustrated and weary over pandemic slog, more US workers are striking

AFP - 8h ago

Exhausted after working long hours during the coronavirus pandemic and resentful that their bosses are not sharing …

Strike by Hollywood crews averted in last-minute talks

AFP - 9h ago

A strike that could have stopped the filming of some of the world's most popular television shows and movies has been …

US supply chain woes to stretch into 2022, Biden admin warns

AFP - 9h ago

The US transportation secretary on Sunday warned that America's supply chain woes including clogged ports will drag into …

No fear of inflation 'runaway train': IMF chief

AFP - 9h ago

Global finance officials are worried about rising inflation pressures but there it is little fear that it will become a …

Russians return to Earth after filming first movie in space

AFP - 14h ago

A Russian actress and a film director returned to Earth Sunday after spending 12 days on the International Space Station …

Russian crew return to Earth after filming first movie in space

AFP - 5h ago

A Russian actress and a film director returned to Earth Sunday after spending 12 days on the International Space Station …

'Unintentional gift': US steps into China's bitcoin breach

AFP - 20h ago

The long sheds at North America's largest bitcoin mine look endless in the Texas sun, packed with the type of machines …

Frustrated and weary over long pandemic hours, more US workers are striking

AFP - 12h ago

Exhausted after working long hours during the coronavirus pandemic and resentful that their bosses are not sharing …

Coal in the stocking: US retailers scramble ahead of festive season

AFP - 21h ago

With the pandemic grimly persisting, American homes could face a meager holiday season, forced to do without some of …

Less product, same price: 'Shrinkflation" hits US shoppers

AFP - 22h ago

More air in that bag of chips? Fewer flakes in your cereal box? You're not imagining it: "Shrinkflation," a tactic used …

Shekel surplus weighs down Palestinian economy

AFP - 22h ago

Palestinian businesses flush with too much Israeli cash: it may not be the most talked about aspect of the occupation, …

Russian crew to return to Earth after filming first movie in space

AFP - 3h ago

A Russian actress and director were set to return to Earth on Sunday after spending 12 days in the International Space …

Free speech or hate speech? Netflix at eye of LGBTQ storm

AFP - 23h ago

Netflix has been plunged into America's culture wars by a Dave Chappelle comedy special that raises concerns about free …

US tycoon Durst, sentenced to life in prison, is on ventilator with Covid: lawyer

AFP - 24h ago

US real estate mogul Robert Durst, sentenced to life in prison for killing his best friend, has been placed on a …

Bitcoin tops $60,000 on US fund approval hopes

Oct 16 2021

Bitcoin breached the $60,000 mark for the first time since April on growing optimism that American regulators will …

Indicted ex-Boeing pilot says he is a 'scapegoat' in MAX scandal

Oct 15 2021

The former Boeing pilot indicted over his role in the 737 MAX scandal said Friday he should not be made a scapegoat for …

$590 mn in ransomware payments reported to US in 2021 as attacks surge

Oct 15 2021

New data out Friday showed $590 million in ransomware-related payments were reported to US authorities in the first half …

Global stocks, Bitcoin surge along with oil

Oct 15 2021

Global stock markets rose on Friday, boosted by positive US corporate earnings and consumer spending, while oil prices …

US to reopen borders to vaccinated travelers Nov 8

Oct 15 2021

The United States will reopen its land and air borders on November 8 to foreign visitors fully vaccinated against …

Biden recalls single parenthood struggle in child care pitch

Oct 15 2021

President Joe Biden made a deeply personal appeal Friday for a transformation of America's lagging child care services, …

WTO chief urges resolution on distortive agriculture subsidies

Oct 15 2021

Massive agricultural subsidies, especially those used in rich countries, continue to distort global trade and create …

Metal prices surge as energy costs soar

Oct 15 2021

A key index tracking the prices of industrial metals including aluminium, copper and zinc, has struck record heights as …

Muted protests as Italy toughens workplace Covid rules

Oct 15 2021

Thousands of people protested at Italian ports and across towns and cities Friday against the introduction of one of the …

Global stocks, Bitcoin and oil surge

Oct 15 2021

Global stock markets rose on Friday on positive US corporate earnings and consumer spending, while oil prices hit a …

Protests, blockades as Italy toughens workplace Covid rules

Oct 15 2021

Protesters gathered at Italian ports and thousands took to the streets Friday against the introduction of one of the …

Biden hits the road to pitch transformation of US child care

Oct 15 2021

President Joe Biden travels to Connecticut on Friday to promote his plan to transform an American child care program …

Global stocks extend rally on strong corporate earnings

Oct 15 2021

Global stocks rose on Friday, driven by strong US corporate earnings, while Brent oil rose to its highest level in three …

Fully vaccinated foreign visitors can enter US from Nov 8: W.House

Oct 15 2021

The United States announced Friday that it will allow entry to foreign travelers who are fully vaccinated against …

US retail sales post surprise 0.7% gain in Sept

Oct 15 2021

US consumers stepped up spending in September and retail sales posted a surprise 0.7 percent increase, pushed by broad …

Goldman Sachs profits up 63% on surge in dealmaking activity

Oct 15 2021

Goldman Sachs reported a jump in third-quarter profits Friday behind robust gains in its financial advisory and trading …

Italy's ITA takes to skies from ashes of Alitalia

Oct 15 2021

Italy's new national carrier ITA Airways took its debut flight Friday, closing a turbulent chapter that witnessed the …

China central bank says Evergrande risks 'controllable'

Oct 15 2021

China's central bank said Friday that the risk of spillover from embattled property giant Evergrande to the financial …

Italy's ITA takes to skies in ashes of Alitalia

Oct 15 2021

Italy's new national carrier ITA Airways took its debut flight Friday, closing a turbulent chapter that witnessed the …

Moscow metro launches face recognition payments

Oct 15 2021

Moscow on Friday rolled out a facial recognition payment system in the city's metro system, part of a rapid expansion of …

Global stocks extend rally on earnings; Brent oil hits new peak

Oct 15 2021

Global stocks rallied again Friday on strong US earnings, and London hit a post-pandemic peak as Brent oil rose to its …

UK toy firms battle to prevent nightmare before Christmas

Oct 15 2021

At a warehouse northwest of London, dozens of workers sort boxes of Christmas toys, scanning barcodes and moving them on …

Asian markets rally as earnings offset inflation, taper worries

Oct 15 2021

Asian markets extended a global rally Friday on optimism for corporate earnings after a strong start to the reporting …

TSMC shares soar on profit estimates and Japan factory deal

Oct 15 2021

Shares in Taiwan's microchip giant TSMC soared on Friday forecasting, posting better-than-expected profits for the rest …

Windows, Gates and a firewall: Microsoft's delicate castle in China

Oct 15 2021

Microsoft, which will close its career-oriented social network LinkedIn in China, is one of the few US tech titans that …

China growth dips to 5% in third quarter on energy woes: AFP poll

Oct 15 2021

China's economic growth is expected to have slowed further in the third quarter, according to an AFP poll of analysts, …

Flying sushi: Israel readies for delivery drone traffic jams

Oct 15 2021

Drone powerhouse Israel is translating the know-how of air force veterans to the delivery of sushi and ice-cream, as …

Asian markets rally as earnings temper inflation, taper worries

Oct 15 2021

Asian markets extended a global rally Friday on optimism for corporate earnings after a strong start to the reporting …

Microsoft shuttering LinkedIn in China as rules tighten

Oct 15 2021

Microsoft on Thursday said it will shut down career-oriented social network LinkedIn in China, citing a "challenging …

Biden signs debt increase bill into law

Oct 15 2021

US President Joe Biden signed into law Thursday a bill to lift the nation's borrowing authority, averting the threat of …

US port logjam brings early Christmas for importers

Oct 15 2021

Christmas came early -- June, to be precise -- at the port of Los Angeles, as American importers raced to get ahead of a …

Hard choices loom for finance chiefs and their climate pledges

Oct 15 2021

In speeches and communiques from top finance officials at the annual meetings of the IMF and World Bank this week, one …

Cargo deluge tests Ohio airport amid US shipping snarls

Oct 15 2021

After months of managing increased demand, officials at Rickenbacker International Airport in the United States realized …

Digital life encroaches on US 'quiet zone' refuge

Oct 15 2021

Yvonne Wallech loves the digital respite and sense of community in her tiny US town, where cell phone service is …

US grand jury indicts former pilot of Boeing 737 MAX

Oct 15 2021

A US federal grand jury on Thursday charged a former Boeing chief test pilot with misleading aviation regulators during …

Trans Netflix staff plan walkout over Chappelle special

Oct 15 2021

Transgender Netflix employees are planning a walkout to protest a Dave Chappelle comedy special they say is transphobic …

More than 10,000 Deere workers go on strike in US

Oct 15 2021

More than 10,000 workers with Deere & Company launched a strike at 14 facilities across the United States Thursday after …

New cocoa fruit drink to make hot chocolate a has bean

Oct 15 2021

Forget hot chocolate: a cold drink made from parts of the cacao fruit usually thrown away aims to lure health- and …

Sotheby's ramps up NFT operations

Oct 14 2021

Sotheby's auction house launched a dedicated platform for collectors of NFTs Thursday and announced a twice-a-year sale …

US Trade Representative signals shift on WTO dispute resolution

Oct 14 2021

US Trade Representative Katherine Tai on Thursday signaled a shift in Washington's stance on the World Trade …

Equity markets climb on upbeat US earnings

Oct 14 2021

Global stock markets rose Thursday, boosted by a healthy start to the US earnings season as more big-name firms report …

French finance minister urges US to end trade acrimony with Europe

Oct 14 2021

French Finance Minister Bruno Le Maire on Thursday called on the United States to put an end to trade rivalries with …

Shredded Banksy canvas sells for record £18.58 million

Oct 14 2021

A partially shredded canvas of one of Banksy's most celebrated works sold at auction in London on Thursday for £18.58 …

US regulators warn firms over fake online reviews

Oct 14 2021

Hundreds of companies ranging from Amazon to Google have been warned against resorting to bogus customer reviews, US …

Nine restaurants win stars as Michelin launches Moscow guide

Oct 14 2021

French gastronomic bible the Michelin Guide awarded nine Moscow restaurants with its coveted stars on Thursday, …

Quicker vaccinations key to pandemic recovery: IMF

Oct 14 2021

Accelerating the pace of vaccinations worldwide will be key not just to containing the coronavirus pandemic, but also to …

Nations vow to combat ransomware at US-led summit

Oct 14 2021

Over two dozen nations resolved Thursday to battle collectively against the global and escalating threat posed by …

US jobless claims dip below key pandemic threshold

Oct 14 2021

New applications for US unemployment benefits dipped below 300,000 for the first time since the pandemic began, a …

Turkish lira hits record low as Erdogan sacks central bankers

Oct 14 2021

The Turkish lira sank to a record low against the dollar on Thursday after President Recep Tayyip Erdogan fired three …

Nike buys stake in LeBron James media company SpringHill

Oct 14 2021

US sports equipment giant Nike and video game publisher Epic Games have acquired a "significant" minority stake in the …

Supply chain crisis snags economic recovery

Oct 14 2021

Closed factories, clogged ports, no truck drivers -- up and down the global supply chain there are problems, raising …

US banks report big profit jumps amid improving economy

Oct 14 2021

A trio of large US banks reported signficantly higher profits Thursday, boosted by a strengthening US economy that has …

US jobless claims dip below 300,000 in pandemic breakthrough

Oct 14 2021

New applications for US unemployment benefits have dipped below 300,000 for the first time since the pandemic began, a …

US wholesales prices spike to annual record in September

Oct 14 2021

US wholesale prices jumped 8.6 percent in the 12 months ended in September, the biggest increase in over a decade, …

Boeing uncovers another defect on 787 Dreamliner

Oct 14 2021

Boeing said Thursday it will rework undelivered 787 Dreamliner planes after uncovering another defect on the jet, which …

US jobless claims dip below 300,000 for first time since pandemic: govt

Oct 14 2021

New applications for US unemployment benefits dipped below 300,000 last week for the first time since Covid-19 sent them …

Equity markets climb on upbeat start to US earnings

Oct 14 2021

Asian and European markets rose Thursday, boosted by a healthy start to the US earnings season ahead of more big-name …

Global shortages crimp growth in powerhouse Germany

Oct 14 2021

Global shortages in industrial components and raw materials have cramped Germany's export driven economy, prompting the …

Uniqlo operator Fast Retailing posts record net profit

Oct 14 2021

The operator of Japanese casualwear giant Uniqlo reported a record annual net profit on Thursday and predicted an even …

Equity markets rise on recovery hopes but tightening in view

Oct 14 2021

Asian and European markets rose Thursday as investors maintained optimism in the global recovery outlook but prepared …

Streaming wars heat up

Oct 14 2021

World domination is no longer the preserve of evil dictators and Bond villains.

Bali reopens to international flights but no tourists in sight

Oct 14 2021

Bali reopened to international flights from select countries on Thursday, including China, Japan and France, as the …

China's factory inflation hit 25-year high in September

Oct 14 2021

China's factory inflation hit its highest level in a quarter of a century on surging commodity costs last month, with …

'It was unbelievable': Star Trek's Shatner becomes real life astronaut

Oct 14 2021

"Star Trek" actor William Shatner finally became a real space traveler on Blue Origin's second crewed mission Wednesday, …

Afghan pomegranate pickers jobless as fruits rot at shuttered border

Oct 14 2021

Afghanistan's festive pomegranate season has begun, but this year thousands of tonnes of the juicy red fruit risk …

Most Asian markets up on recovery hopes but tightening in view

Oct 14 2021

Asian markets mostly rose Thursday as investors maintained optimism in the global recovery outlook but prepared for the …

China's factory inflation hits 25-year high in September

Oct 14 2021

China's factory-gate prices rose at the highest rate in at least 25 years in September, official data showed Thursday, …

Singapore tightens monetary policy as virus-hit economy recovers

Oct 14 2021

Singapore's central bank tightened monetary policy for the first time in three years on Thursday, the latest country to …

Small businesses facing huge setbacks from blocked shipments, price hikes

Oct 14 2021

Wayne Sosin of Worksman Cycles says he has tried everything since the pandemic began to find a way to make and deliver …

Global shortages cloud outlook for powerhouse Germany

Oct 14 2021

Global shortages in industrial components and raw materials are weighing on Germany's export-driven economy, threatening …

McSurgery: An Indian hospital restoring eyesight to millions

Oct 14 2021

Black ticks on their foreheads marking the eye to be operated on, dozens of patients in green overalls wait in line, …

EU offers border 'express lane' to solve N.Ireland Brexit row

Oct 14 2021

The EU on Wednesday offered to reduce customs checks and paperwork on British products intended for Northern Ireland in …

IMF, G20 fret over supply chain bottlenecks, inflation fears

Oct 13 2021

Global finance officials gathered in Washington on Wednesday were focused on finding a way to alleviate supply chain …

White House pushes 24-hour service to relieve US port snarls

Oct 13 2021

The Port of Los Angeles and its longshoreman union will provide 24-hour service to alleviate backlogs that have …

Global equities mostly higher on corporate earnings reports

Oct 13 2021

World stock markets were mostly higher Wednesday, as investors shrugged off concerns about high inflation and focused …

Food and rent prices drive US inflation spike in September

Oct 13 2021

The US inflation spike is not over, according to government data released Wednesday that showed prices for food and …

Embattled Facebook releases new curbs on harassment

Oct 13 2021

Facebook unveiled fresh protections Wednesday against online attacks on journalists, activists and celebrities as the …

Fed officials lean towards stimulus pullback as soon as November

Oct 13 2021

Unless the US economic situation changes dramatically, Federal Reserve officials are leaning towards cutting back on …

Tesla under fresh scrutiny over assisted driving features

Oct 13 2021

The US highway safety watchdog has pushed Tesla for details about its driver-assistance systems, specifically whether it …

US sets new lower salt target for food industry

Oct 13 2021

US health authorities on Wednesday announced a new push for the food industry to slash the salt in its products, a …

EU offers to ease border checks to solve N.Ireland Brexit row

Oct 13 2021

The EU on Wednesday offered to reduce customs checks and paperwork on British products intended for its province of …

Nations reveal ransomware pain at US-led summit

Oct 13 2021

A digital "disaster" in Germany, growing attacks in the United Arab Emirates and even Israel announcing a blitz …

Delta Air Lines scores Q3 profit, warns on jet fuel costs

Oct 13 2021

Delta Air Lines reported a profitable third quarter on the gradual recovery in air travel on Wednesday, but said rising …

EU moves to tamp down high energy prices

Oct 13 2021

The EU on Wednesday presented a "toolbox" of measures to mitigate an energy crunch that threatens to send Europeans' …

Global equities mixed after US inflation data

Oct 13 2021

World stock markets were mixed Wednesday following the publication of key US inflation data as investors waited to see …

Star Trek's Shatner space-bound with Blue Origin

Oct 13 2021

"Star Trek" actor William Shatner is set to boldly go where no 90-year-old has gone before when he blasts off to space …