Business and Tech

OPEC+ to keep output unchanged in uncertain climate

AFP - 2h ago

Major oil-producing countries led by Saudi Arabia and Russia agreed Sunday to maintain their current output levels in a …

OPEC+ agrees to keep output levels unchanged

AFP - 1h ago

Major oil-producing countries led by Saudi Arabia and Russia agreed Sunday to maintain their current output levels in a …

More than 500 Ukrainian localities without power: ministry

AFP - 5h ago

More than 500 Ukrainian localities remained without power Sunday following weeks of Russian airstrikes on the electric …

OPEC+ likely to maintain oil output levels

AFP - 1h ago

Major oil-producing countries led by Saudi Arabia and Russia look set to maintain their current output levels at a …

Germany's Scholz weathers shocks in turbulent first year

AFP - 8h ago

A war in his backyard, galloping economic crisis, and unhappy partners at home and abroad -- German Chancellor Olaf …

As chatbot sophistication grows, AI debate intensifies

AFP - 10h ago

California start-up OpenAI has released a chatbot capable of answering a variety of questions, but its impressive …

Morocco reaps cash, clout from fertiliser supply shock

AFP - 14h ago

A global fertiliser supply shock deepened by Russia's Ukraine invasion has brought boom times for the North African …

Estonia to buy HIMARS rocket launchers from US

Dec 03 2022

Estonia has agreed to buy six HIMARS rocket systems from the United States worth over $200 million, the state defence …

Burkina Faso suspends French broadcaster RFI

Dec 03 2022

Burkina Faso on Saturday ordered the immediate suspension of Radio France Internationale (RFI) broadcasts, accusing it …

Russia denounces oil price cap agreed by EU, G7

Dec 03 2022

Russia on Saturday denounced a $60 price cap on its oil agreed by the EU, G7 and Australia, even as Ukraine suggested it …

Russia rejects oil price cap agreed by EU, G7

Dec 03 2022

Russia on Saturday rejected a $60 price cap on its oil agreed by the EU, G7 and Australia, which Ukraine said would …

Ukraine welcomes Russian oil price cap agreed by EU, G7

Dec 03 2022

Ukraine on Saturday welcomed a $60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would …

ABB to pay $315 mn to settle US charges over South Africa bribes

Dec 03 2022

Swedish-Swiss industrial company ABB agreed to pay $315 million to settle US criminal charges that it bribed state-owned …

G7, EU agree oil price cap to reduce Russia war funding

Dec 03 2022

The G7 and EU on Friday agreed a $60-per-barrel price cap on Russian oil in an attempt to deny the Kremlin of war …

US hoax trials spotlight misinformation profiteer

Dec 03 2022

American radio host Alex Jones reaped millions spouting conspiracy-laden falsehoods that helped drive up sales of …

Global stocks mixed after strong US jobs data

Dec 02 2022

Stock markets were mixed Friday after strong US jobs data raised concerns that the US Federal Reserve may continue to …

OPEC set to stick or cut more amid plan to cap Russian oil price

Dec 02 2022

Major oil producers are expected to stick to their current output strategy or even slash production further when they …

Top French central banker in corruption probe

Dec 02 2022

French prosecutors said Friday that they had opened a corruption investigation into top central banker Sylvie Goulard, …

Biden signs emergency law forcing US rail unions to accept wages deal

Dec 02 2022

US President Joe Biden signed into law Friday a rare intervention by Congress forcing freight rail unions to accept a …

Austria must continue to cut Russian gas reliance: OMV CEO

Dec 02 2022

Austria has cut its dependence on Russian gas but it must keep up efforts to diversify its supplies for the next cold …

EU strikes oil price cap deal to starve Russia war machine of funds

Dec 02 2022

The EU on Friday joined the G7 in agreeing a cap on the price of Russian oil to starve the Kremlin of resources for its …

TotalEnergies cuts North Sea investment over UK windfall tax

Dec 02 2022

French company TotalEnergies will cut North Sea oil and gas investment by 25 percent next year after the UK government …

EU agrees to impose price cap on Russian crude

Dec 02 2022

The European Union will join the G7 powers in imposing a $60-per-barrel price cap on Russian oil, the Polish ambassador …

EU strikes deal on oil price cap to starve Russia's war machine

Dec 02 2022

The EU on Friday joined the G7 in agreeing a cap on the price of Russian oil to starve the Kremlin of resources for its …

EU cap on Russian oil price on hold as Poland urges lower price

Dec 02 2022

The European Union will join the G7 powers in imposing a $60-per-barrel price cap on Russian oil, the Polish ambassador …

Stocks fall after strong US jobs data

Dec 02 2022

Stock markets stumbled on Friday after strong US jobs data raised concerns that the US Federal Reserve may continue to …

US hiring tops expectations in November as wages pick up

Dec 02 2022

US job gains were unexpectedly robust in November despite efforts to cool the economy, while unemployment held steady …

Biden signs emergency law forcing rail unions to accept wages deal

Dec 02 2022

US President Joe Biden signed into law Friday a rare intervention by Congress forcing freight rail unions to accept a …

European gas pipe dreams become reality in eastern France

Dec 02 2022

Underneath the lush countryside in eastern France lie the pipelines expected to rescue Europe before a winter without …

Musk's free speech absolutism 'a fantasy'

Dec 02 2022

The limits of Elon Musk's self-professed "free speech absolutism" were laid bare, critics said, by his decision to ban …

Energy crisis driving climate-friendly power savings: IEA

Dec 02 2022

Russia's invasion of Ukraine has driven countries across the world to boost energy efficiency, creating "huge potential" …

Putin says strikes on Ukraine infrastructure 'inevitable'

Dec 02 2022

President Vladimir Putin said on Friday Russia's strikes on Ukrainian infrastructure were "inevitable" as the Kremlin …

UK ex-finance minister joins exodus of Tory MPs

Dec 02 2022

Britain's former finance minister Sajid Javid on Friday said he would not be standing at the next election, as the …

European stocks, oil steady before US jobs data and OPEC

Dec 02 2022

European stock markets and oil prices steadied Friday before key US jobs data and an oil output decision by OPEC and its …

China further relaxes Covid rules after protests

Dec 02 2022

Cities across China further unwound Covid restrictions Friday, loosening testing and quarantine rules in the wake of …

Fed rate hopes weigh on dollar, stocks fall ahead of US jobs data

Dec 02 2022

The dollar struggled to recover Friday from its recent sell-off as traders grew confident the Federal Reserve will slow …

Switzerland fines engineering giant $4.3 mn over S.Africa bribery

Dec 02 2022

Swedish-Swiss engineering giant ABB has been fined four million Swiss francs ($4.3 million) over bribery linked to the …

Musk kicks Kanye West off Twitter after swastika post

Dec 02 2022

Elon Musk kicked Kanye West off Twitter on Friday "for incitement to violence," after the rapper posted a picture that …

Tesla hoping its electric Semi will be heavy duty 'game changer'

Dec 02 2022

US automaker Tesla on Thursday delivered its first battery-powered heavy duty truck, dubbed "Semi," and built to tackle …

'I like Hitler': Kanye doubles down in wild Infowars stream

Dec 01 2022

Kanye West declared his "love" of Nazis and admiration for Adolf Hitler on Thursday, sparking outrage as another …

Dollar falls after Federal Reserve shift in tone, stocks mixed

Dec 01 2022

The dollar continued to retreat Thursday on shifting expectations for US monetary policy, while global stocks finished …

US Congress approves bill to avert major freight rail strike

Dec 01 2022

The US Congress passed legislation Thursday to avert a freight rail strike that could have been devastating for the …

All churned up: Austrian oat milk ad draws farmers' ire

Dec 01 2022

Austrian farmers were left fuming after an advert for winter tourism featured oat -- instead of cow's -- milk, in what …

Biden, Macron close ranks on Russia during state visit

Dec 01 2022

US President Joe Biden and French President Emmanuel Macron emerged from White House talks Thursday pledging to close …

Biden, Macron close ranks on Russia, China during state visit

Dec 01 2022

US President Joe Biden and French President Emmanuel Macron emerged from White House talks Thursday pledging to close …

Equities slow after gains on Fed rate optimism

Dec 01 2022

Stocks diverged Thursday after Federal Reserve boss Jerome Powell signalled a moderation in interest rate hikes, as …

SpaceX again postpones Japanese moon lander launch

Dec 01 2022

SpaceX on Wednesday postponed the launch of the world's first private lander to the Moon, a mission undertaken by …

Key US inflation index ticks down in October: official data

Dec 01 2022

A closely-watched measure of US inflation edged down in October, government data showed Thursday, with costs of goods …

World equities extend gains on Fed rate optimism

Dec 01 2022

Global stocks mostly rose Thursday as Federal Reserve boss Jerome Powell flagged a moderation in interest rate hikes, …

Brexit ramps up UK food bills by £6 bn: study

Dec 01 2022

Britain's exit from the European Union added almost £6 billion to consumers' food bills, hitting the poor the hardest …

Disasters cost $268 billion in 2022: Swiss Re

Dec 01 2022

Natural and man-made catastrophes have caused $268 billion of economic losses so far in 2022, chiefly driven by …

Engineering giant to repay S.Africa over 'criminal conduct' at utility

Dec 01 2022

Swedish-Swiss engineering giant ABB, which helped construct a huge power plant near Johannesburg, will pay reparations …

Eurozone unemployment drops to record low

Dec 01 2022

Unemployment in the eurozone has dropped to a record low, at 6.5 percent in October, the EU's Eurostat statistics office …

Musk vows interface implants in human brains within six months

Dec 01 2022

Tech billionaire Elon Musk said on Wednesday one of his companies would in six months be able to implant a device into a …

Asia extends stocks rally as dollar drops on Fed rate optimism

Dec 01 2022

Asian stocks extended a global rally Thursday and the dollar sank after Federal Reserve boss Jerome Powell flagged a …

El Salvador journalists sue NSO Group in US over alleged Pegasus attacks

Dec 01 2022

Salvadoran digital newspaper El Faro's employees filed a lawsuit in a US federal court on Wednesday against NSO Group, …

Spiking costs, fading snow squeeze Austrian ski resorts

Dec 01 2022

One of Austria's top ski resorts is making as much artificial snow as possible to lay a thick base on the slopes before …

Tesla hoping electric 'Semi' will shake up heavy duty market

Dec 01 2022

After years of delays, US automaker Tesla is expected on Thursday to deliver its first battery-powered semi truck, with …

Asian stocks extend global rally as dollar drops on Fed rate hope

Dec 01 2022

Asian stocks extended a global rally Thursday and the dollar sank after Federal Reserve boss Jerome Powell flagged a …

Musk says Twitter clash with Apple a 'misunderstanding'

Dec 01 2022

Twitter owner Elon Musk said he met with Apple chief Tim Cook on Wednesday and "resolved the misunderstanding" that …

Asian stocks join global rally and dollar drops on Fed rate joy

Dec 01 2022

Asian stocks extended a global rally Thursday and the dollar fell after Federal Reserve boss Jerome Powell flagged a …

Hackers dump Australian health data online, declare 'case closed'

Dec 01 2022

The hackers leaking stolen Australian health records to the dark web on Thursday appeared to end their extortion attempt …

Bankman-Fried apologizes, says didn't 'try to commit fraud'

Dec 01 2022

Former FTX Chief Executive Sam Bankman-Fried apologized Wednesday for a "lot of mistakes" in the abrupt collapse of the …

Macron blasts Biden subsidies at start of US state visit

Dec 01 2022

France's President Emmanuel Macron fired a volley at his American hosts on the first day of a rare state visit to …

US House approves bill to avert freight rail strike

Nov 30 2022

Lawmakers in the US House of Representatives voted Wednesday to prevent a potentially catastrophic freight rail strike, …

Germany, Norway seek NATO-led hub for key undersea structures

Nov 30 2022

Germany and Norway want to start a NATO-led alliance to protect critical underwater infrastructure, their leaders said …

US stocks rally, dollar retreats as Powell shifts tone on rate hikes

Nov 30 2022

Wall Street stocks soared and the dollar fell Wednesday after Federal Reserve Chair Jerome Powell signaled a shift from …

US rate hikes could slow 'as soon as' December: Fed chair

Nov 30 2022

The Federal Reserve could ease its pace of interest rate hikes "as soon as" December, chair Jerome Powell said …

Airbus pays 15.9 mn euros to close French corruption probe

Nov 30 2022

A French judge on Wednesday allowed European aerospace firm Airbus to pay 15.9 million euros ($16.4 million) to avoid a …

Stocks diverge ahead of next Fed rate signal

Nov 30 2022

Stock markets fluctuated on Wednesday as eurozone inflation slowed for the first time in 17 months and investors awaited …

China has room for further 'recalibration' of zero-Covid policy: IMF

Nov 30 2022

China has room to adjust its strict zero-Covid policy, the IMF said Wednesday, while underlining that the country's …

UK unions announce ambulance strike as stoppages widen

Nov 30 2022

Britain's government on Wednesday rejected union pay demands after ambulance workers joined nurses in voting to go on …

HSBC shuts more UK branches as banking goes online

Nov 30 2022

HSBC on Wednesday announced plans to permanently shut more than a quarter of its remaining bank branches in the UK as …

German gas giant takes Gazprom to court over supply halts

Nov 30 2022

German energy giant Uniper said Wednesday it was taking Gazprom to an international tribunal over the Russian company's …

EU commission recommends funding freeze for Hungary

Nov 30 2022

The European Commission recommended on Wednesday that 13 billion euros ($13 billion) in EU funds for Hungary be frozen …

Eurozone inflation falls for first time in 17 months

Nov 30 2022

The eurozone annual inflation rate fell for the first time in 17 months in November as it slowed to 10 percent, official …

UK finance sector needs greater social mobility: study

Nov 30 2022

Britain's financial and professional services sector must boost socio-economic diversity in boardrooms, helping to …

US private hiring eases more than expected in November: survey

Nov 30 2022

US employers eased their hiring pace in November, with job creation slowing the most since early 2021, as the central …

H&M to cut 1,500 jobs worldwide

Nov 30 2022

Swedish fashion retailer H&M said Wednesday it would cut some 1,500 jobs worldwide as a result of a cost-cutting …

Losses deepen at crisis-hit SAS airline

Nov 30 2022

Troubled Scandinavian airline SAS, which has filed for bankruptcy in the United States, reported Wednesday deeper losses …

Kenya's Ruto launches flagship credit scheme for poor

Nov 30 2022

Kenyan President William Ruto on Wednesday launched a low-interest credit scheme to boost financial access for the …

Europe stocks, euro rise on elevated eurozone inflation

Nov 30 2022

European equities and the euro rose Wednesday as eurozone inflation slowed but remained elevated on high energy costs.

UK union announces ambulance strike as stoppages widen

Nov 30 2022

Britain's government on Wednesday rejected union pay demands after ambulance workers joined nurses in voting to go on …

Markets rise as traders weigh China moves, await Fed's Powell

Nov 30 2022

Markets rose Wednesday on hopes that China will further ease its strict Covid containment measures following widespread …

Climate's toll on trees threatens the sound of music

Nov 30 2022

Stroking a tiny spruce sapling, Swiss forest ranger Francois Villard fears the tree will not withstand global warming …

Self-driving lorries hit the road in Sweden

Nov 30 2022

Barrelling down a motorway south of Stockholm in a 40-tonne lorry and trailer, the driver keeps a careful eye on the …

Cracking the covert app that exposed Europe's drug gangs

Nov 30 2022

From torture and murder in the Netherlands and Serbia to an unprecedented web of corruption in Belgium, the Sky ECC …

Belgian port city terrorised by drug violence

Nov 30 2022

In Belgium's port city of Antwerp, residents live in fear of eruptions of violence between the gangs that control …

China's factory activity contracts as Covid disruptions spread

Nov 30 2022

China's factory activity shrank for a second straight month in November, official data showed Wednesday, as large …

Equities mostly up as traders weigh China moves, await Fed's Powell

Nov 30 2022

Markets mostly rose Wednesday on hopes that China will further ease its strict Covid containment measures following …

Jack Ma living in Japan after China tech crackdown: FT

Nov 30 2022

Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view following …

Elon Musk's Twitter lifts rule against Covid misinformation

Nov 30 2022

Twitter said it has stopped enforcing a policy intended to prevent the spread of Covid misinformation, as new owner Elon …

Tough France-US talks on industrial subsidies: senator

Nov 29 2022

French leader Emmanuel Macron is hoping his US state visit can produce meaningful concessions for European industry as …

Global stocks mixed as markets monitor China, await Powell remarks

Nov 29 2022

Stocks diverged Tuesday after big rallies in Asian markets failed to trigger a similar reaction in Europe and on Wall …

IMF may have to lower China growth forecasts: director

Nov 29 2022

The International Monetary Fund may have to slash its growth forecasts for China, managing director Kristalina Georgieva …

HSBC bank sells Canadian ops for over US$10 bn

Nov 29 2022

HSBC has agreed to sell its Canadian division to Royal Bank of Canada for US$10.1 billion, the Asia-focused banking …

German inflation unexpectedly slows in November

Nov 29 2022

German inflation unexpectedly slowed in November after months of increases, preliminary data showed Tuesday, as sky-high …

Trade tensions overshadow Macron's showy White House visit

Nov 29 2022

French President Emmanuel Macron was set to arrive in Washington Tuesday for a rare state visit hosted by Joe Biden, but …

Stocks diverge as investors caught between hope, caution

Nov 29 2022

Stocks diverged Tuesday after big rallies in Asian markets failed to trigger a similar reaction in Europe and on Wall …

UK removes China from Sizewell nuclear project, takes joint stake

Nov 29 2022

Britain on Tuesday removed China General Nuclear from construction of its new Sizewell C power station, announcing it …

Macron courts Central Asian strongmen in quest for influence

Nov 29 2022

French President Emmanuel Macron is making an eye-catching drive to strengthen partnerships with Central Asian states, …

Stocks, crude rise on hope China will ease strict Covid measures

Nov 29 2022

Stocks and oil prices rebounded strongly Tuesday, while the haven dollar weakened, on speculation that China would …