Business and Tech

Global stocks mixed as US-China tensions rise, Washington deal elusive

AFP - 4m ago

Wall Street stocks finished mixed Friday, with the Nasdaq retreating from records, following data showing the US economy …

US slaps sanctions on Hong Kong leader in new offensive on China

AFP - 24m ago

The United States slapped sanctions Friday on Hong Kong's leader after effectively forcing Chinese internet giants …

Nasdaq falls from record as Washington deal stays elusive

AFP - 47m ago

Wall Street stocks finished mixed Friday, with the Nasdaq retreating from a record following solid US jobs data as …

Trump moves on China apps may create new internet 'firewall'

AFP - 1h ago

A ban by President Donald Trump's administration on Chinese mobile apps such as TikTok and WeChat risks fragmenting an …

Canada to slap Can$3.6 bln counter-tariffs on US aluminum

AFP - 2h ago

Ottawa will hit American aluminum products with Can$3.6 billion (US$2.7 billion) in counter-tariffs, Deputy Prime …

US economy sees solid but slowing job gains in July

AFP - 4h ago

The US economy regained 1.8 million jobs in July, a solid but unremarkable result that comes as President Donald Trump …

Stocks shrug off US jobs data

AFP - 5h ago

Wall Street brushed off data released on Friday showing the US economy adding jobs as US-Chinese tensions mount and a …

US adds 1.8 mn jobs in July, unemployment rate falls to 10.2%: govt

AFP - 2h ago

The US economy added just 1.8 million jobs in July, far fewer than in May and June but not as bad as some economists …

Chinese WeChat users fear being cut off from US friends

AFP - 7h ago

A US ban on the WeChat messaging platform could cut lines of communication between friends in China and America and …

European stocks steady, dollar rebounds before US jobs

AFP - 2h ago

European stock markets steadied and the dollar rallied Friday awaiting key jobs data in the United States, the country …

Trump order targets Chinese internet giants TikTok, WeChat

AFP - 5h ago

US President Donald Trump has announced sweeping restrictions against Chinese-owned social media giants TikTok and …

Asia markets hit by China-US tensions, stimulus wrangling

AFP - 3h ago

A new China-US flare-up sent markets tumbling Friday, while the mood was also soured by US lawmakers' struggles to agree …

TikTok and WeChat: Chinese apps dogged by security fears

AFP - 13h ago

The United States has fired a new salvo in its rivalry with China, ordering sweeping restrictions against Chinese-owned …

Virus hastens newspapers' slide into shaky digital future

AFP - 3h ago

The coronavirus crisis has weighed heavily on print newspapers already battling for survival around the world, with the …

Singapore company director charged over Wirecard scandal

AFP - 14h ago

A company director has been charged in Singapore with falsifying letters linked to scandal-hit German payments giant …

China exports see unexpected spike in July, imports down

AFP - 14h ago

China saw another surprise jump in exports last month as the global economy slowly reopened after virus lockdowns, data …

Saudi Arabia seeks to tame powerful cyber armies

AFP - 16h ago

Online armies of self-styled Saudi patriots riding a wave of state-led nationalism attack critics and what they call …

Trump order targets Chinese internet stars TikTok, WeChat

AFP - 1h ago

US President Donald Trump on Thursday ordered sweeping restrictions against Chinese-owned social media stars TikTok and …

Asia markets hit as Congress wrangles, China-US tensions simmer

AFP - 2h ago

China-US tensions and US lawmakers' struggles to find agreement on a new, much needed economic stimulus pushed equities …

After Beirut silos gutted, Lebanon faces new wheat woes

AFP - 18h ago

Precious wheat spilled out of disembowelled silos, mixing with soot, debris and cement: Beirut's port blast has gutted …

US job gains may have stalled in July amid virus spike

AFP - 2h ago

The promising jobs recovery in May and June may have come to a screeching halt in July as COVID-19 cases spiked and …

US proposes tougher Wall Street rules for China firms

AFP - 19h ago

US officials on Thursday proposed toughening rules for Chinese companies listed on American stock exchanges as recent …

Tokyo stocks open flat ahead of key US data

AFP - 19h ago

Tokyo stocks opened flat on Friday as investors took a wait-and-see attitude ahead of key US jobs data and a long …

Trump reimposes 10% tariff on Canadian aluminum

AFP - 7h ago

President Donald Trump on Thursday announced he had ordered a 10 percent tariff on Canadian aluminum be reimposed, …

Twitter, Facebook take fresh steps to curb election manipulation

AFP - 21h ago

Twitter and Facebook on Thursday announced moves to thwart efforts to deceive or divide voters as the US nears a …

Uber earnings hit hard as pandemic stalls revenue

AFP - 6h ago

Uber on Thursday reported a $1.8 billion loss in the recently ended quarter as the COVID-19 pandemic caused its …

Nasdaq surges to fresh record as European stocks retreat

Aug 06 2020

Wall Street stocks pushed higher on hopes of fresh stimulus from Washington, outperforming other leading stock markets, …

Uber sees $1.8 bn loss as pandemic stalls revenue

Aug 06 2020

Uber on Thursday reported a $1.8 billion loss in the recently ended quarter as the pandemic caused its shared-ride …

Microsoft eyes entire operations of TikTok in talks: report

Aug 06 2020

Microsoft has expanded its talks on TikTok to a potential deal that would include buying the global operations of the …

US jobless claims dip in latest week, but government help delayed

Aug 06 2020

New applications for jobless benefits returned to a downward path Thursday after two weeks of increases, hitting a new …

Facebook blocks deceptive pro-Trump campaign from Romania

Aug 06 2020

Facebook said Thursday it took down accounts running a deceptive campaign out of Romania pretending to be Americans …

Kirchner says suing Google over 'thief' engine search result

Aug 06 2020

Former Argentinian president Cristina Kirchner announced on Thursday that she has filed a defamation lawsuit against …

US Senate votes to ban TikTok on government phones

Aug 06 2020

The US Senate voted Thursday to bar TikTok from being downloaded onto US government employees' telephones, intensifying …

US central bank unveils alternative to Facebook's Libra

Aug 06 2020

Noting security concerns posed by Facebook's digital currency Libra, the Federal Reserve on Thursday revealed details of …

Twitter moves to reduce reach of 'state-affiliated' media

Aug 06 2020

Twitter on Thursday unveiled new steps to curb the spread of content from "state-affiliated media" used to advance a …

Lufthansa warns of forced layoffs on virus turbulences

Aug 06 2020

German airline giant Lufthansa said Thursday that demand for air travel will return to pre-crisis levels only in 2024 or …

US jobless claims dip in latest week to 1.19 mn: govt

Aug 06 2020

New applications for jobless benefits resumed their decline after two weeks of increases, hitting a new pandemic low in …

Turkish lira hits record low as forex reserves dwindle

Aug 06 2020

Turkey's lira set a new record low against the US dollar on Thursday as investors worried about the government's …

Unemployment in virus-hit Brazil reaches 13.3%, worst in 3 years

Aug 06 2020

Virus-hit Brazil's unemployment rate rose to 13.3 percent in the April-June quarter, its highest in three years, …

Stocks pause as US stimulus showdown weighs

Aug 06 2020

Stock markets took a breather Thursday after several stronger sessions as nervous investors kept an eye on stimulus …

BoE sees less severe UK downturn

Aug 06 2020

Britain's economic downturn fuelled by the coronavirus pandemic will be less severe than thought -- but the nation's …

Stock markets mostly lower as traders hope for US stimulus

Aug 06 2020

Stock markets mostly declined Thursday, with nervous investors keeping an eye on stimulus talks in Washington, while …

TikTok: Time running out for ByteDance boss

Aug 06 2020

The Chinese billionaire behind teen phenomenon TikTok is a 37-year-old tech guru whose eye for youth trends has blasted …

Nintendo reports bumper $1 bn net profit in first quarter

Aug 06 2020

Nintendo made a $1 billion net profit in the first quarter, it said Thursday, with gamers stuck at home during the …

BoE sees less severe UK downturn, leaves rate on hold

Aug 06 2020

Britain's economic downturn fuelled by the coronavirus pandemic will be less severe than thought -- but the nation's …

Asia markets mostly up as traders hope for US stimulus

Aug 06 2020

Asian markets mostly rose Thursday building on a two-day rally, with nervous investors keeping an eye on stimulus talks …

Toyota warns of 64% drop in full-year net profit

Aug 06 2020

Toyota on Thursday warned of a 64 percent drop in full-year net profit and reported a slump in quarterly earnings, as …

'State, what state?' Lebanese together in solidarity and rage

Aug 06 2020

In Beirut's beloved bar districts, hundreds of young Lebanese ditched beers for brooms on Wednesday to sweep debris in …

California sues Uber, Lyft for driver wage theft

Aug 06 2020

California has filed lawsuits against Uber and Lyft for alleged wage theft by misclassifying their drivers as …

UniCredit climbs back into profit

Aug 06 2020

Italy's UniCredit bank said Thursday it was back in the black in the second quarter with a net profit of 420 million …

German industrial orders surge 27.9% in June

Aug 06 2020

New orders for German manufacturing companies surged by 27.9 percent in June, official data showed Thursday, as a …

Despite debt deal, Argentina's economic woes remain

Aug 06 2020

Argentina's President Alberto Fernandez has reached a deal with creditors to restructure a $66 billion debt following …

Lufthansa posts Q2 net loss of 1.5 bn euros as virus curtails travel

Aug 06 2020

German airline giant Lufthansa said Thursday it made a net loss reaching 1.5 billion euros ($1.7 billion) in the second …

A long list of US-China disputes

Aug 06 2020

Tensions between the United States and China have been rising over a range of issues from the handling of the …

Virus-hit Philippine economy plunges into recession

Aug 06 2020

The Philippines plunged into recession after its biggest quarterly contraction on record, data showed Thursday, as the …

Virus outbreak shutters huge Papua New Guinea mine

Aug 06 2020

A coronavirus outbreak has forced the closure of a major Papua New Guinea mine, its operator said Thursday, as the virus …

Asia markets mixed as traders weigh stimulus, China-US tension

Aug 06 2020

Asian markets were mixed Thursday following a two-day rally, with nervous investors keeping an eye on stuttering …

Facebook, Twitter take aim at Trump 'misinformation'

Aug 06 2020

Facebook and Twitter took aim at US President Donald Trump and his campaign Wednesday over a video post in which he …

TikTok grab could extend -- or undermine -- US online dominance

Aug 06 2020

A tie-up of TikTok with Microsoft could extend American dominance of the online and social media world. But it may have …

Coronavirus pandemic leaves Amazon more vulnerable than ever

Aug 06 2020

The indigenous peoples of the Amazon have already seen their homelands ravaged by illegal deforestation, industrial …

1MDB scandal fugitives hiding in China: Malaysian police

Aug 06 2020

The alleged 1MDB mastermind and other suspects in the scandal are believed to be hiding out in China, Malaysia's police …

Samsung upgrades folding smartphone in move to rev up sales

Aug 06 2020

Samsung on Wednesday unveiled a second-generation folding smartphone along with other new gadgetry aiming to jump-start …

Porn video interrupts US court hearing for accused Twitter hacker

Aug 06 2020

A court hearing held via Zoom for a US teenager accused of masterminding a stunning hack of Twitter was interrupted …

US wants to eliminate Chinese apps from US app stores

Aug 06 2020

The US is expanding its China-targeted Clean Network program to include Chinese-made cellphone apps and cloud computing …

Facebook removes Trump post over 'false' virus claims

Aug 06 2020

Facebook said Wednesday it had removed a video post by US President Donald Trump in which he contended that children are …

US offers $10 million reward against election interference

Aug 05 2020

US Secretary of State Mike Pompeo on Wednesday offered a $10 million reward aimed at preventing foreign interference in …

Stock markets rise as US stimulus seems close

Aug 05 2020

Stock markets on both sides of the Atlantic climbed on Wednesday after a mixed Asian showing, with hopeful traders …

Brazil's Embraer reports $315 mln in losses

Aug 05 2020

Brazilian aircraft manufacturer Embraer reported second quarter losses of $315 million Wednesday, as sales plunged due …

Italy threatens to ban Ryanair for virus rule-breaking

Aug 05 2020

Italy's national civil aviation authority ENAC threatened on Wednesday to suspend Ryanair's permit to fly in the country …

Top Democrats announce probe into US loan to Kodak

Aug 05 2020

Top Democrats in the House of Representatives on Wednesday announced a probe into a $765 million US government loan to …

Most airlines expect job cuts over next 12 months: survey

Aug 05 2020

Most airlines are considering downsizing their staff over the next 12 months due to the coronavirus crisis, the …

Canada strikes deals for vaccine candidates with Pfizer, Moderna

Aug 05 2020

Canada announced Wednesday it has signed two agreements with American pharmaceutical firms Pfizer and Moderna for the …

Subscription gains help NY Times weather ad slump

Aug 05 2020

The New York Times on Wednesday reported strong gains in its digital subscriptions, helping the newspaper weather a big …

Coronavirus speeds up big oil's shift to green

Aug 05 2020

With oil prices blasted by a double blow of oversupply and demand throttled by the coronavirus crisis, some industry …

Belgian meat plant quarantines 225 staff

Aug 05 2020

One of Belgium's biggest meat processing plants has sent 225 staff home to quarantine Wednesday after a cluster of …

US sees deep private hiring slump ahead of jobs data

Aug 05 2020

US private sector hiring slumped in July, the latest sign of the shaky footing of the world's largest economy as it …

Samsung unveils new version of folding smartphone

Aug 05 2020

Samsung on Wednesday unveiled an upgraded version of its folding smartphone along with other devices aiming to …

Another 80-mn euros to rescue French winegrowers

Aug 05 2020

France on Wednesday added 80 million euros to a rescue package for its wine-growing sector, battered by US tariffs and …

Swedish GDP drops 8.6% despite no lockdowns

Aug 05 2020

Sweden's economy shrank 8.6 percent in the second quarter, the nation's statistics service said Wednesday, even though …

German VAT cut fuels pent-up demand for new cars

Aug 05 2020

Car registrations in Germany showed this year's smallest monthly drop in July as buyers took advantage of a temporary …

Instagram adds video clips in challenge to TikTok

Aug 05 2020

Instagram on Wednesday added a new short-form video feature to the image-focused platform in a direct challenge to …

Cruise industry's hopes for August relaunch taking on water

Aug 05 2020

Hopes that the world's cruise industry would be gathering steam again in time for the August holiday month are sinking …

Italy threatens to ban Ryanair over coronavirus rule-breaking

Aug 05 2020

Italy's national civil aviation authority ENAC threatened on Wednesday to suspend Ryanair's permit to fly in the country …

European stocks rise, gold hits record awaiting US stimulus talks

Aug 05 2020

European stock markets climbed solidly Wednesday after a mixed Asian showing, with traders tracking talks on a key US …

BMW swings to first loss in a decade as virus hits sales

Aug 05 2020

German luxury carmaker BMW said Wednesday that it swung into its first loss since 2009 as the coronavirus pandemic …

Virgin Atlantic files for bankruptcy protection in US as virus bites

Aug 05 2020

Virgin Atlantic has applied for bankruptcy protection in the United States, court filings show, as the British airline …

Markets rise as investors eye US stimulus talks, gold hits record

Aug 05 2020

Asian markets tracked another record on Wall Street Wednesday as traders monitored talks on a key US stimulus package, …

Virus-hit Indonesian economy shrinks for first time in two decades

Aug 05 2020

Indonesia's coronavirus-hit economy contracted in the second quarter for the first time in more than two decades, with …

Bridge repair paralyses Lagos traffic

Aug 05 2020

Monster traffic jams are nothing new for Lagos, but the partial closure of the city's main bridge for repairs has made …

Not cashing in: virus hits Iraq's Iran-US money trade

Aug 05 2020

In Iraq's Kurdistan region and at the country's Muslim Shiite holy sites, trading US dollars for rials from Iran was …

Virus highlights plight of Europe's migrant farm hands

Aug 05 2020

From Romania, Poland, Morocco and Thailand, thousands of people flock to Western Europe each year to help farmers …

Banks snared by Hong Kong sanctions laws as US-China spat spirals

Aug 05 2020

International banks in Hong Kong are caught in the crossfire of competing laws enacted by the United States and China as …

Virus lays waste to Bulgaria's tourist hotspot

Aug 05 2020

"We need at least 100 charter flights a day," says Plamen Kopchev, head of the hotel owners' association in Bulgaria's …

Asia markets stutter on stimulus struggles, China-US tensions

Aug 05 2020

Nervous investors struggled Wednesday following the previous day's rally with US lawmakers still unable to thrash out a …

Countries tighten measures as global virus death toll nears 700,000

Aug 05 2020

France and the Netherlands are gearing up for stricter mask-wearing rules to fight the coronavirus as the global death …

Virgin Australia closes budget offshoot, fires 3,000 staff

Aug 05 2020

Pandemic-struck airline Virgin Australia announced Wednesday it would close budget subsidiary Tigerair Australia and lay …

Suspected US teen mastermind pleads not guilty to Twitter hack

Aug 05 2020

The suspected teenage mastermind of a huge Twitter hack pled not guilty Tuesday to allegations he hijacked celebrity …

Trump call for slice of TikTok deal draws fire

Aug 05 2020

President Donald Trump on Tuesday defended his demand for the US government to get a piece of the action to let …

US jails man who bought Lamborghini with government loan

Aug 04 2020

Instead of speeding off in a $200,000 Lamborghini Urus, a Texas man got a slower ride to jail Tuesday after US …

Novavax reports promising early trial results of COVID-19 vaccine

Aug 04 2020

US biotech company Novavax on Tuesday announced its experimental COVID-19 vaccine elicited a robust immune response, …

Stock markets gain support from US stimulus optimism

Aug 04 2020

Stock markets recovered from early weakness on Tuesday as optimism about a fresh US economic stimulus package crept back …

Argentina secures deal on 'impossible' debt

Aug 04 2020

Recession-hit Argentina announced on Tuesday it has reached an agreement with three major creditors over the …