Business and Tech

Macau ponders future even as tourists and gamblers return

AFP - 2h ago

Macau's streets were packed in the run-up to the Lunar New Year after pandemic controls were abruptly lifted but it is …

Asian markets mixed in holiday-hit trade

AFP - 3h ago

Asian markets were mixed in holiday-thinned trade Monday, while the dollar dropped as investors lowered their …

Sudan's prized gum trees ward off drought but workers wither

Jan 22 2023

A vast belt of trees vital for global production of fizzy drinks helps Sudanese farmers adapt to climate change, but in …

Iran's Raisi pledges to tackle inflation

Jan 22 2023

Iranian President Ebrahim Raisi on Sunday set the tackling of galloping inflation and currency devaluation as priorities …

Luxury sector impatient for return of Chinese tourists

Jan 22 2023

The European luxury sector is welcoming the end of pandemic lockdowns in China, as the return of big-spending Chinese …

'Pokemon Go' creator returns to 'real world' recipe for NBA game

Jan 22 2023

Seven years ago the mobile game "Pokemon Go" took the world by storm, and now its creators are aiming to infuse the same …

US media rocked by layoffs amid economic gloom

Jan 22 2023

From CNN to the Washington Post, US media are facing tough times, as a series of outlets have announced layoffs this …

A fifth of new cars in California zero-emission in 2022: data

Jan 21 2023

One-in-five new cars sold in California in 2022 was a zero-emission vehicle, the state said Friday, as the largest car …

Google cuts 12,000 jobs as tech woes bite again

Jan 21 2023

Google's parent company Alphabet announced Friday it will cut about 12,000 jobs globally, citing a changing economic …

Biden willing to discuss debt ceiling with Republican leader as default looms

Jan 21 2023

President Joe Biden and House Speaker Kevin McCarthy both indicated Friday they are willing to discuss raising the US …

From tanks to subsidies: the main topics at Davos

Jan 20 2023

The World Economic Forum in Davos wrapped up Friday after a week that featured feverish discussion of the war in …

Yellen contrasts US-Africa relations with China, Russia on Senegal visit

Jan 20 2023

US Treasury Secretary Janet Yellen on Friday touted the fruits of a new "mutually beneficial" economic strategy towards …

Elon Musk takes stand in Tesla tweet fraud trial

Jan 20 2023

Tesla CEO Elon Musk took the stand in a California fraud trial on Friday, accused of lying in tweets about taking the …

Global stocks conclude volatile week on positive note

Jan 20 2023

Stock markets rebounded on Friday after a rocky week dominated by uncertainty over whether the global economy will …

US charges two for protecting Russian oligarch's super yacht

Jan 20 2023

The US unveiled criminal charges Friday against two men who it said sought to protect sanctioned Russian oligarch Viktor …

Western climate subsidies risk hitting emerging markets: IMF

Jan 20 2023

The head of the IMF warned Friday that Western subsidies to combat climate change and encourage the transition to clean …

US Fed official favors smaller rate hike in February

Jan 20 2023

There is ample evidence that a steep climb in interest rates has dampened demand and economic activity, suggesting the …

In cold Davos, warmer days seen for the world economy

Jan 20 2023

An air of optimism for the global economy blew through Davos this week after fears that the war in Ukraine, an energy …

Stocks bounce, yen slides tracking inflation fallout

Jan 20 2023

Stock markets rebounded on Friday after a rocky week dominated by uncertainty over whether the global economy will …

US home sales slump for 11th month, log largest annual drop since 2008

Jan 20 2023

Sales of existing homes in the United States have fallen for the 11th straight month, with the past year logging the …

After Davos, a race for money to stop climate change

Jan 20 2023

US climate envoy John Kerry bluntly summed up in one word what the planet needs to avoid a global warming catastrophe at …

US home sales slump for 11th month, slammed by mortgage rates

Jan 20 2023

Sales of existing homes in the United States have fallen for the 11th straight month, as a rough period of limited …

Stocks rebound, yen slides tracking inflation fallout

Jan 20 2023

Stock markets rebounded Friday after a rocky week dominated by uncertainty over whether the global economy will suffer …

Google announces 12,000 job cuts

Jan 20 2023

Google's parent company Alphabet announced about 12,000 job cuts globally on Friday citing a changing "economic …

Most Asian markets up as traders weigh China hope, recession fear

Jan 20 2023

Asian markets mostly rose Friday after a rocky week that saw recession fears play up against growing hope that China's …

Elite Davos forum 'sitting target' of conspiracy theorists

Jan 20 2023

A Swiss Alpine town where heads of state and business titans huddle for a week of debate: the World Economic Forum in …

France gripped by strikes, protests against pension reform

Jan 20 2023

More than a million people marched in France on Thursday to protest pension reforms, with some demonstrators clashing …

Human error caused outage that snarled US airports: regulator

Jan 20 2023

The computer glitch that forced the temporary suspension last week of US domestic airline departures was caused by a …

Netflix soars to 230 mn subscribers, co-founder steps down

Jan 20 2023

US streaming giant Netflix ended last year with more than 230 million global subscribers, it said Thursday, beating …

Meta says reviewing call to make adult nudity policies more inclusive

Jan 20 2023

Meta was reviewing a call by its oversight board to make its policies on adult nudity more inclusive, a spokesperson …

Japan inflation hits four percent in December

Jan 20 2023

Japan's consumer prices rose four percent in December from a year earlier, a level not seen since December 1981, fuelled …

Fed Vice Chair sees high rates 'for some time' to cool prices

Jan 19 2023

US interest rates will need to remain high for some time even as inflation eases, Federal Reserve Vice Chair Lael …

Boeing ordered to face MAX victims' families in US court

Jan 19 2023

A US federal judge on Thursday ordered Boeing to appear in court next week to face family members of those killed in …

Stocks slide on returning recession fears

Jan 19 2023

Stock markets lost ground on Thursday after disappointing US data and corporate earnings rekindled worries about a …

US takes 'extraordinary' steps to avoid looming default

Jan 19 2023

The US Treasury began taking measures Thursday to prevent a default on government debt, as Congress heads towards a …

NASA, Boeing team up to develop lower-emissions aircraft

Jan 19 2023

The US space agency NASA is teaming up with aviation giant Boeing to develop a next-generation commercial aircraft that …

US strengthens organic food protocols to counter fraud

Jan 19 2023

The US Department of Agriculture on Thursday unveiled new rules to strengthen oversight of the "organic" label on food, …

Uber drivers in top Mexican resort hope for easier ride after ruling

Jan 19 2023

Uber drivers in Mexico's Caribbean resort of Cancun hope that a legal ruling in their favor will end alleged …

Macron, Sanchez agree joint approach to US trade dispute

Jan 19 2023

French President Emmanuel Macron and Spain's Pedro Sanchez on Thursday joined forces to call for a "proactive" European …

Thunberg says Davos elite 'fuelling destruction of planet'

Jan 19 2023

Swedish climate activist Greta Thunberg slammed business and political leaders attending the World Economic Forum in …

France gripped by strikes over Macron's pension reform plan

Jan 19 2023

Strikes crippled much of France's public transport on Thursday as protesters came out in force against a deeply …

US poised for 'extraordinary measures' as debt limit looms

Jan 19 2023

The US Treasury could start taking "extraordinary measures" Thursday to prevent a default on government debt, as …

Mixed results at P&G as consumers adapt to higher prices

Jan 19 2023

Procter & Gamble reported a dip in quarterly profits Thursday, following a decline in sales as the consumer products …

In Spain, Macron, Sanchez ink treaty cementing bilateral ties

Jan 19 2023

French President Emmanuel Macron and Spain's Pedro Sanchez inked a Franco-Spanish friendship treaty in Barcelona …

German parliament recognises Yazidi 'genocide' in Iraq

Jan 19 2023

Germany's lower house of parliament recognised on Thursday the 2014 massacre of Yazidis by Islamic State group jihadists …

Bird statue fetches $100,000 as Musk auctions Twitter HQ items

Jan 19 2023

A Twitter bird statue fetched $100,000 on Wednesday as Elon Musk auctioned off furniture, decorations, kitchen equipment …

New leases to significantly expand UK offshore wind power

Jan 19 2023

The UK on Thursday announced leases for six new offshore wind projects which aim to cement the country as one of the …

Macron, Sanchez in Barcelona to cement Franco-Spanish ties

Jan 19 2023

French President Emmanuel Macron was meeting Spain's Pedro Sanchez for a joint summit in Barcelona Thursday, as Paris …

Markets drift after Wall St tumble as recession fears return

Jan 19 2023

Markets were mixed Thursday while oil prices fell and the dollar weakened after disappointing US data renewed worries …

France gears up for 'hellish' day of pension protests

Jan 19 2023

A day of strikes and protests kicked off in France Thursday, set to disrupt transport and schooling across the country …

Asian markets mixed after Wall St tumble as recession fears return

Jan 19 2023

Markets were mixed Thursday while oil prices fell and the dollar weakened after disappointing US data renewed worries …

Wholesale energy dives but bills remain sky high

Jan 19 2023

Plunging wholesale gas prices have sparked speculation of an end to Europe's energy crisis -- but consumers' electricity …

Finnish fur farm horror caught on video as industry fights ban

Jan 19 2023

Obese, infection-ridden foxes trapped in small cages; cubs feeding on their dead siblings: footage filmed by an animal …

Our bad fashion habits -- and how we might change them -- in numbers

Jan 19 2023

The fashion industry is estimated to contribute upwards of two percent of global greenhouse gas emissions, and is on …

Sakhalin exception: the Russian energy Japan can't quit

Jan 19 2023

This year's Group of Seven president Japan has joined the bloc's condemnation of Russia's Ukraine invasion, imposing …

Japan's 2022 trade deficit hits record on energy costs

Jan 19 2023

Japan logged its largest ever annual trade deficit last year, with the soaring price of energy and raw materials …

Asian markets track Wall St lower as recession fears return

Jan 19 2023

Most stocks dropped alongside oil prices Thursday and the dollar weakened after disappointing US data renewed worries …

Rapid scale-up of CO2 removal crucial for climate goals

Jan 19 2023

Capping global warming at liveable levels will be impossible without massively scaling up the extraction of …

Let's-a-go (to Hollywood)! First US 'Super Mario' theme park to open

Jan 19 2023

Nintendo's first theme park outside of its native Japan will open in California next month, just weeks before Mario gets …

Jury hears Musk told 'lies' that cost Tesla investors millions

Jan 19 2023

A lawyer for angry Tesla investors told a California courtroom on Wednesday that CEO Elon Musk "lied" about having …

Microsoft to axe 10,000 jobs as tech gloom deepens

Jan 18 2023

Microsoft on Wednesday said it would lay off 10,000 employees in the coming months as the economic downturn continues to …

US stocks retreat while Bank of Japan decision weighs on yen

Jan 18 2023

Wall Street stocks tumbled Wednesday as traders weighed the latest US data showing slowing economic activity, while the …

International arrests over 'criminal' crypto exchange

Jan 18 2023

The owner of China-based cryptocurrency exchange Bitzlato was arrested in Miami on Wednesday, along with five associates …

Jury hears Elon Musk told 'lies' that cost Tesla investors millions

Jan 18 2023

A lawyer for angry Tesla investors told a California courtroom on Wednesday that CEO Elon Musk "lied" about having …

Trump presses Facebook to restore his account

Jan 18 2023

Former US president Donald Trump is urging Facebook to reinstate his account two years after it was deactivated, his …

Champagne celebrates record sales in 2022

Jan 18 2023

The waning Covid pandemic in many parts of the world helped put people in a celebratory mood, industry leaders said …

UN chief slams oil firms for 'big lie' on global warming

Jan 18 2023

UN Secretary-General Antonio Guterres skewered oil firms on Wednesday for having "peddled the big lie" about their role …

US arrests Russian crypto boss for alleged criminal 'haven'

Jan 18 2023

US authorities said Wednesday they had arrested the owner of China-based cryptocurrency exchange Bitzlato for alleged …

Lufthansa closes in on stake in Italy's ITA Airways

Jan 18 2023

German airline giant Lufthansa submitted a fresh offer Wednesday for Italy's troubled ITA Airways, bringing a turbulent …

UK millionaire says rich people like him should be taxed more

Jan 18 2023

A rich Briton is among a group of millionaires in Davos pushing for governments to tax those like him more in order to …

Yellen eyes China trip after 'constructive' meeting with top Chinese official

Jan 18 2023

US Treasury Secretary Janet Yellen will travel to China soon, following "constructive" discussions with her Chinese …

Tokyo stocks surge, yen sinks as Bank of Japan holds policy

Jan 18 2023

Tokyo's stock market surged Wednesday, with exporters boosted by a tumbling yen after the Bank of Japan decided against …

US retail sales shrinks by most in a year as growth engine falters

Jan 18 2023

US retail sales slumped for a second straight month in December, according to government data released Wednesday, with …

Microsoft says it will axe 10,000 employees over poor economy

Jan 18 2023

Microsoft on Wednesday said it would lay off 10,000 employees in the coming months as the economic downturn continues to …

US retail sales shrinks for second straight month on consumer caution

Jan 18 2023

US retail sales slumped for a second straight month in December while wholesale prices fell, said government data …

Burberry fashions rising sales despite China slump

Jan 18 2023

British luxury fashion house Burberry, renowned for its handbags and trenchcoats, announced rising sales Wednesday …

Uber resumes services in Tanzania

Jan 18 2023

Ride-hailing giant Uber has resumed its services in Tanzania, it said on Wednesday, settling a fare dispute with the …

'Pressing need' for US, China to communicate on economic issues: Yellen

Jan 18 2023

Close communication between the United States and China on economic issues is vital, US Treasury Secretary Janet Yellen …

At Davos, Saudi Arabia says curbing oil dependency a priority

Jan 18 2023

Saudi Arabia is working to reduce its reliance on oil exports, Economy Minister Faisal Al-Ibrahim said Wednesday, as the …

Taiwan records biggest economic contraction since 2009

Jan 18 2023

Taiwan's economy shrank in the final quarter of 2022, the government said Wednesday, in the island's worst quarterly …

Taiwan records biggest economic contraction since 2009

AFP - 13m ago

Taiwan's economy shrank in the final quarter of 2022, the government said Wednesday, in the island's worst quarterly …

Macau jails 'junket king' Alvin Chau for 18 years

AFP - 24m ago

Macau's former "junket king" Alvin Chau was sentenced on Wednesday to 18 years in jail for running an illegal gambling …

Moving house: Arctic mining town's move divides residents

AFP - 41m ago

Each time he boasts about the colossal relocation of his town centre in the Swedish Arctic, Kiruna mayor Gunnar Selberg …

UK inflation slows in December but remains sky-high

AFP - 1h ago

Annual inflation in Britain slowed to 10.5 percent in December, official data showed Wednesday, but remained close to …

Bank of Japan leaves policy unchanged, yen weakens

AFP - 1h ago

Japan's central bank left its ultra-easy monetary policy unchanged Wednesday, bucking heavy speculation that it could …

Asian markets up on recovery hopes, yen sinks after BoJ decision

AFP - 2h ago

Asian markets rose Wednesday to maintain their strong start to the year, with Tokyo soaring and the yen tumbling after …

Marvel movies return to China after nearly 4-year break

AFP - 2h ago

Chinese film fans on Wednesday celebrated the return of Marvel movies to the country's cinemas after an absence of …

Staff shortages dent Hong Kong air hub reboot hopes

AFP - 3h ago

Regional airlines are struggling to ramp up flights to Hong Kong because of staff shortages at the airport, slowing the …

Out of Nile, into tile: Young Egyptians battle plastic plague

AFP - 7h ago

Entrepreneurial young Egyptians are helping combat their country's huge plastic waste problem by recycling junk-food …

Most Asian markets rise on recovery hopes

AFP - 34m ago

Asian markets mostly rose Wednesday following a mixed lead from Wall Street as traders fought to maintain the strong …

US fraud trial begins over Elon Musk's 2018 Tesla tweets

AFP - 9h ago

Jury selection began on Tuesday in a California courtroom over whether Elon Musk committed fraud with a pair of 2018 …

Microsoft to cut staff again: reports

AFP - 10h ago

Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride …

Global stocks mixed on China data, drop in European gas prices

Jan 17 2023

Global stocks were mixed Tuesday following data showing China's growth slowed sharply in 2022 as European gas prices hit …

United Airlines sees 2023 profit jump amid tight capacity

Jan 17 2023

Eyeing another year of strong travel demand and limited airline industry capacity, United Airlines projected a big jump …

Pfizer to sell more drugs at cost to poor nations

Jan 17 2023

US pharmaceutical giant Pfizer announced on Tuesday that it will greatly expand the number of medicines and vaccines it …

International tourist arrivals doubled in 2022: UN

Jan 17 2023

International tourist arrivals doubled in 2022 over the previous year, and should reach near pre-pandemic levels in 2023 …

Ukraine sees tourism as 'crucial' for post-war revival

Jan 17 2023

With its beaches targeted by Russian strikes and its hotels empty or closed since the start of the war, Ukraine has been …

Goldman Sachs profits hit by big drop in mergers

Jan 17 2023

Goldman Sachs reported a steep decline in fourth-quarter earnings Tuesday, on much lower merger activity in results that …

Electric car batteries could be key to boosting energy storage: study

Jan 17 2023

Electric car batteries could be used to boost power storage in the future, injecting electricity into the grid during …

Stocks struggle on China data; gas prices extend losses

Jan 17 2023

Global stock markets struggled Tuesday on news of China's slowing economy, but European gas prices hit another 16-month …

US high court hears sanctions evasion case against Turkey's Halkbank

Jan 17 2023

The US Supreme Court will hear arguments Tuesday in an appeal by Turkey's Halkbank against US charges that it violated …

EU takes on US, China over clean tech in Davos

Jan 17 2023

The EU's chief announced ambitious plans Tuesday to challenge China and the United States in the race for clean-tech …

Son of Equatorial Guinea's ruler held for graft: state TV

Jan 17 2023

One of the sons of Equatorial Guinea's veteran ruler has been arrested on suspicion of illegally selling a plane owned …

Asian stocks struggle after China data but outlook hopeful

Jan 17 2023

Asian stocks mostly fell Tuesday after data showed China's economy at its slowest pace in four decades last year, though …

China's economy grows at slowest pace in decades but tops forecasts

Jan 17 2023

China's economy grew last year at its slowest pace in four decades as it was hammered by Covid lockdowns and a property …

Nissan, Renault near 'historic' rebalancing of alliance: source

Jan 17 2023

Nissan and Renault are nearing a "historic" rebalancing of their auto alliance, with a deal likely to be announced in …

Asian stocks struggle, even as China growth tops forecasts

Jan 17 2023

Asian stocks mostly fell Tuesday but pared early losses after data showed China's economy grew more than expected last …

Egypt's economic turmoil squeezes struggling middle class

Jan 17 2023

With Egypt's economy in crisis, the currency in freefall and inflation skyrocketing, the poor have been hit hard but the …

Ukraine centre stage as Davos returns

Jan 17 2023

The war in Ukraine is set to take the spotlight Tuesday as global business and political A-listers huddle in the Swiss …

EU vows to protect European industry to counter US subsidies

Jan 16 2023

The EU on Monday said it would take "decisive steps" to protect Europe in the face of massive US subsidies that have …

EU ombudsman urges parliament 'culture change' over graft scandal

AFP - 25m ago

The EU's ombudsman on Monday said a graft scandal roiling the European Parliament must bring a cultural shift in the …

World stocks mostly rise on optimism over China, rates

AFP - 1h ago

World equities mainly rose Monday on growing global optimism as inflation slows and China reopens, while gas prices hit …

Most Asian markets rise on optimism over China, rates

AFP - 4h ago

Markets mostly rose in Asia on Monday, following another rally on Wall Street fuelled by optimism over the world economy …

Dockers killed, kidnapped and corrupted by drugs mafia

AFP - 11h ago

They could be scenes straight from gangster movies, except all happened for real in the French port of Le Havre over the …

China's Tencent fires more than 100 for fraud, embezzlement

AFP - 11h ago

Chinese tech giant Tencent said Monday it had fired more than a hundred employees for violating company policies, with …

Inflation bites into Sierra Leone's all-important 'cookeries'

AFP - 12h ago

Jariatu Kargbo hauls a wooden spoon longer than her arm through a vat of rice as customers patiently wait their turn to …