Business and Economy



Russia's Lukoil to sell overseas assets after US sanctions

AFP - 1h ago

Russian oil giant Lukoil will sell its overseas assets, the company said late Monday, after it was hit with US sanctions …

Stock markets advance on easing US-China worries

AFP - 3h ago

Stock markets rose Monday on optimism that the US-China trade war is about to ease, with a possible deal in view when …

Asian stocks rally on US-China trade progress; Europe flat

AFP - 5h ago

Asian stock markets rallied Monday as investors cheered a breakthrough in US-China trade talks that set the stage for …

Asia stocks surge on US-China trade deal breakthrough

AFP - 1h ago

Asian equities surged Monday as investors cheered a breakthrough in US-China trade talks that set the stage for leaders …

'Definitive solution' on Brazil-US trade within days: Lula

AFP - 13h ago

Brazil's President Luiz Inacio Lula da Silva said Monday a trade deal with the United States could happen within days, …

ECB to hold interest rates steady with inflation subdued

AFP - 13h ago

The European Central Bank is expected to hold interest rates steady this week for its third straight meeting, with …

Australia sues Microsoft over 'misleading' AI offer

AFP - 18h ago

Australia's competition watchdog accused Microsoft on Monday of misleading people into paying for its AI assistant …

'Smooth and easy': India and China resume direct flights as ties improve

AFP - 19h ago

Passengers of the first direct flight between India and China in five years touched down on Monday, after Asia's giants …

Novartis acquiring US firm Avidity Biosciences for $12 bn

Oct 26 2025

Swiss pharmaceutical giant Novartis announced Sunday it had agreed to buy Avidity Biosciences, valuing the US …

India and China resume direct flights as ties improve

Oct 26 2025

India and China resumed direct flights on Sunday after a five-year suspension, a move important both for trade and a …

US Fed will likely cut again despite economic murkiness from shutdown

Oct 26 2025

The Federal Reserve is expected to announce its second rate cut of the year on Wednesday, despite a lack of clarity over …

Nigeria refinery aims to be world's biggest with expansion

Oct 26 2025

Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world in three years' …

US treasury secretary signals deal to ease trade war with China

Oct 26 2025

US Treasury Secretary Scott Bessent on Sunday signalled a tentative deal with China to de-escalate their damaging, …

India and China to resume direct flights as ties improve

Oct 26 2025

India and China resume direct flights on Sunday after a five-year suspension, a move important both for trade and a …

How risky is the growth in US private credit?

Oct 26 2025

The recent bankruptcies of US companies First Brands and Tricolor have focused attention on risks associated with the …

Global race for rare earths comes to Kenya's Mrima Hill

Oct 26 2025

Division and suspicion have gripped five villages near Kenya's coast as global powers from the United States to China …

Trump makes Qatar stop en route to Asia summits, Xi talks

Oct 25 2025

Donald Trump met Saturday with Qatar's leaders to discuss the fragile truce in Gaza, stopping in the emirate on his way …

Trump makes MidEast pit stop en route to Asia summits, Xi talks

Oct 25 2025

US President Donald Trump met Saturday with the emir and prime minister of Qatar -- a key ally in preserving the fragile …

TotalEnergies approves restart of $20-bn Mozambique gas project

Oct 25 2025

France's TotalEnergies said Saturday the consortium it leads to build a $20-billion liquified natural gas project in …

Trump heads to Asia for Xi talks, eyes Kim meeting

Oct 25 2025

US President Donald Trump headed Saturday for Asia and high-stakes trade talks with Chinese counterpart Xi Jinping, …

French government under pressure as lawmakers set to vote on wealth tax

Oct 25 2025

French lawmakers were due on Saturday to vote on a wealth tax, after a swing group threatened to topple the government …

Major champions help Philippines chase golf tourist billions

Oct 25 2025

The Philippines is laying out the red carpet this week to some of golf's biggest names, part of a grand government plan …

Trump slams 'dirty' Canada despite withdrawal of Reagan ad

Oct 25 2025

US President Donald Trump slammed Canada for playing "dirty" Friday as a row over an advertisement featuring former …

Canadians pull tariff ad after furious Trump scraps trade talks

Oct 24 2025

The Canadian province of Ontario said on Friday it would pull an anti-tariff ad featuring former US president Ronald …

Nexperia, the new crisis looming for Europe's carmakers

Oct 24 2025

European automakers already buffeted by US tariffs and a rocky shift toward electric vehicles now face a new threat: a …

Five things to know about Argentina's pivotal midterm election

Oct 24 2025

Two years after a stunning election victory, Argentina's libertarian president, Javier Milei, faces a tough legislative …

Porsche loses almost one billion euros on shift back to petrol

Oct 24 2025

German sports car maker Porsche sunk to a third-quarter loss of almost one billion euros ($1.16 billion), the firm said …

P&G profits rise as company sees lower tariff hit

Oct 24 2025

Procter & Gamble on Friday reported higher earnings fueled in part by an improved performance in China as it projected a …

Stocks rise on US inflation data, US-China trade hopes

Oct 24 2025

Stock markets broadly advanced Friday after US inflation data bolstered expectations that the Federal Reserve would …

Trump ends all Canada trade talks over 'fake' tariff ad

Oct 24 2025

US President Donald Trump on Friday doubled down on ending trade talks with Canada over an anti-tariff advertising …

US September consumer inflation rose less than expected, delayed data shows

Oct 24 2025

US consumer inflation continued to heat up last month, but by less than expected, according to official data published …

French government faces threat of censure over wealth tax

Oct 24 2025

France's prime minister on Friday urged lawmakers to reach a compromise to pass an austerity budget, after leftists …

Spain probes steelmaker for alleged trading with Israeli arms firm

Oct 24 2025

Spain's top criminal court said Friday it had opened an investigation into executives at steelmaker Sidenor for alleged …

US consumer inflation rose less than expected in September, delayed data shows

Oct 24 2025

US consumer inflation continued to heat up last month, but by less than expected, according to official data published …

Russia cuts key interest rate, warns of tepid growth

Oct 24 2025

Russia's central bank on Friday cut its benchmark interest rate and said growth had slowed to almost zero as the economy …

Trump says all Canada trade talks 'terminated' over 'fake' ad

Oct 24 2025

US President Donald Trump on Friday doubled down on his decision to end trade talks with Canada over an anti-tariff …

China vows massive high-tech sector development in next decade

Oct 24 2025

China will develop its high-tech sector on a massive scale in the next decade, top officials vowed Friday, a day after …

Stocks diverge tracking US-China trade progress

Oct 24 2025

European stock markets dipped Friday following solid gains in Asia as investors reacted to fresh optimism over US-China …

EU accuses Meta, TikTok of breaking digital content rules

Oct 24 2025

The EU accused Meta and TikTok on Friday of breaking the bloc's digital content rules, putting the companies at risk of …

New Japan PM vows to take US ties to 'new heights' with Trump

Oct 24 2025

Japan's conservative new Prime Minister Sanae Takaichi vowed Friday to bring US ties to "new heights" with President …

Alaska Airlines resumes flights after IT outage

Oct 24 2025

Alaska Airlines resumed operations on Thursday after a tech outage that suspended all of its flights for several hours, …

Stocks rally as traders cheer Trump-Xi meeting plan

Oct 24 2025

Most stock markets rallied Friday after the White House confirmed President Donald Trump would meet China's Xi Jinping …

China, US 'can find ways to resolve concerns' as negotiators set to meet

Oct 24 2025

Beijing and Washington "can totally find ways to resolve each other's concerns", China's commerce minister said Friday, …

Trump says all Canada trade talks 'terminated'

Oct 24 2025

US President Donald Trump said Thursday he was ending trade talks with Canada over an anti-tariff advertising campaign, …

Trump's Asia tour set to spotlight trade challenges

Oct 24 2025

US President Donald Trump's trip to Asia which begins Sunday carries significant economic stakes for countries around …

Ivorian brothers dream of transforming cocoa industry

Oct 24 2025

In a factory in southern Ivory Coast, where machines hum to produce chocolate bars and spreads, twin brothers dream of …

Alaska Airlines grounds entire fleet over IT outage

Oct 24 2025

Alaska Airlines said Thursday it had temporarily suspended all flights due to a tech outage, three months after a …

Asian stocks rally as traders cheer Trump-Xi meeting plan

Oct 24 2025

Asian markets rallied Friday after the White House confirmed President Donald Trump would meet China's Xi Jinping next …

Japan inflation rises as new PM eyes economic package

Oct 24 2025

Japanese inflation accelerated last month, official data showed Friday, ahead of a maiden policy speech by new Prime …

Germany's largest gay club to shut in fresh Berlin nightlife blow

Oct 24 2025

Germany's largest LGBTQ club SchwuZ announced on Thursday the venerable Berlin institution's lights will turn off for …

Trump pardons Binance co-founder Changpeng Zhao

Oct 24 2025

US President Donald Trump has pardoned the convicted Binance co-founder Changpeng "CZ" Zhao, the White House press …

EU takes small step towards using Russian assets for Ukraine

Oct 24 2025

EU leaders Thursday tasked the European Commission to move ahead with options for funding Ukraine for two more years, …

Anthropic announces massive AI chip deal with Google

Oct 23 2025

Artificial intelligence giant Anthropic said Thursday it was expanding its use of Google cloud computing and specialized …

EU takes timid step towards using Russian assets for Ukraine

Oct 23 2025

EU leaders Thursday tasked the European Commission to move ahead with options for funding Ukraine for two more years, …

Oil prices surge as Trump hits Russian crude with sanctions

Oct 23 2025

Oil prices jumped more than five percent Thursday after US President Donald Trump targeted Russia's key oil industry …

US oil giants produce mainly at home but send more tax dollars overseas

Oct 23 2025

US fossil fuel giants produce most of their oil and gas domestically but pay billions more in taxes overseas than they …

UK court rules Apple abused App Store dominance

Oct 23 2025

Apple lost a UK lawsuit Thursday which accuses the US tech giant of abusing the dominant position of its App Store, with …

Disney drops out in latest exodus from Paris store hosting Shein

Oct 23 2025

The company behind bringing Asian e-commerce giant Shein to a landmark Parisian department store suffered another …

US and EU sanctions on Russian oil and gas: what do we know?

Oct 23 2025

The United States on Wednesday hit Russia's two biggest oil producers -- Rosneft and Lukoil -- with sanctions, the first …

Zelensky urges EU to agree frozen assets loan

Oct 23 2025

Ukraine's President Volodymyr Zelensky urged EU leaders Thursday to agree a mammoth new loan using Russian frozen …

Trump pardons Binance co-founder Changpeng Zhao: White House

Oct 23 2025

US President Donald Trump has pardoned the convicted Binance co-founder Changpeng Zhao, the White House said Thursday, …

American Airlines reports smaller loss, sees travel demand improving

Oct 23 2025

American Airlines reported a smaller than expected loss Thursday, pointing to robust travel demand from wealthier …

French court convicts TotalEnergies over misleading climate claims

Oct 23 2025

A French court Thursday ruled oil and gas giant TotalEnergies had engaged in "misleading commercial practices" by …

China vows to boost consumption, national security after key meet

Oct 23 2025

China's ruling Communist Party said Thursday the country has to "vigorously boost consumption" and "consolidate national …

EU parliament adopts curbs on plastic pellet pollution

Oct 23 2025

The European Parliament on Thursday definitively adopted rules clamping down on pollution from the tiny pellets that …

Europe plans satellite powerhouse to rival Musk's Starlink

Oct 23 2025

Three leading European aerospace groups announced Thursday a plan to merge their satellite operations to create a …

Oil spikes as Trump targets Russia giants, US-China hopes lift stocks

Oct 23 2025

Crude prices spiked more than two percent Thursday after US President Donald Trump said he would impose heavy sanctions …

Zelensky hails Trump sanctions on Russia as 'strong' message

Oct 23 2025

Ukraine's President Volodymyr Zelensky on Thursday hailed US President Donald Trump's "resolute" decision to sanction …

Oil and gas majors stick to their guns on climate advertising

Oct 23 2025

Oil and gas companies have increasingly come under legal attack over their role in contributing to global warming, yet …

Stung by high costs, Dutch board 'shopbus' to cheaper Germany

Oct 23 2025

Marleen Naipal scoops up another pot of face cream, glances at the price tag, and tips it into her bulging basket of …

Online search a battleground for AI titans

Oct 23 2025

Tech firms battling for supremacy in artificial intelligence are out to transform how people search the web, challenging …

Taiwan detects first cases of swine fever

Oct 23 2025

Taiwan has culled dozens of pigs after detecting its first cases of African swine fever, with the agriculture ministry …

Crude spikes as Trump threatens Russian giants, stocks turn lower

Oct 23 2025

Crude prices spiked more than two percent Thursday after Donald Trump said he would hit two Russian oil companies with …

Amazon uses AI to make robots better warehouse workers

Oct 23 2025

Amazon on Wednesday said it is speeding up the automation of its warehouses with the help of artificial intelligence and …

Meta to cut 600 jobs in artificial intelligence: reports

Oct 23 2025

Facebook owner Meta is cutting 600 jobs in its artificial intelligence division in a move intended to streamline …

Tesla profits tumble on higher costs, tariff drag

Oct 22 2025

Tesla reported a hefty drop in profits Wednesday, citing a drag from tariffs and other expenses that more than offset a …

Global stocks mostly fall on lackluster results from Netflix, others

Oct 22 2025

Gold prices sank further Wednesday while major stock markets mostly fell following some disappointing corporate earnings …

Car giant VW warns of production hit from Nexperia chips row

Oct 22 2025

Germany's Volkswagen warned Wednesday that its car production could be hit by a shortage of Nexperia semiconductors amid …

GM unveils plans for 'eyes-off' vehicle in 2028

Oct 22 2025

General Motors announced plans Wednesday to incorporate Google's Gemini artificial intelligence platform into vehicles …

Gold, stocks slide on economic jitters

Oct 22 2025

Gold prices sank further Wednesday and major stock markets mostly fell on fresh economic jitters caused by China-US …

Global trade system risks coming off the rails: UN chief

Oct 22 2025

The rules-based international trade system is in danger, UN chief Antonio Guterres warned Wednesday, amid spiralling …

SpaceX cuts off 2,500 Starlink devices at Myanmar scam centres

Oct 22 2025

SpaceX has cut service to more than 2,500 Starlink internet devices at Myanmar scam centres, a company executive said …

SpaceX says 'disabled' 2,500 Starlink devices at Myanmar scam centres

Oct 22 2025

SpaceX has cut service to more than 2,500 Starlink internet devices at Myanmar scam centres, a company executive said …

Gold, stocks drop on economic jitters

Oct 22 2025

Gold prices sank further Wednesday and major stock markets mostly dropped on fresh economic jitters caused by China-US …

Eurostar plans double-decker train amid competition threat

Oct 22 2025

Eurostar said Wednesday it will run double-decker trains through the Channel Tunnel for the first time, as it faces …

UniCredit beats expectations with rise in profits

Oct 22 2025

Italy's second largest bank, UniCredit, beat analyst expectations on Wednesday with record third-quarter profits as …

Gold falls again as rally comes to halt, stock markets mixed

Oct 22 2025

Gold and silver sank for a second day Wednesday, bringing a rally in the precious metals to a juddering halt, while …

Hermes defies US tariffs as sales grow

Oct 22 2025

Sales by French luxury group Hermes, known for its silk scarves and leather handbags, defied US tariffs and a weak …

Unspoilt corner of Portugal fears arrival of high-end tourism

Oct 22 2025

Above the pine forests and dunes that stretch along the nearly deserted beaches of southwestern Portugal, cranes rise …

'Mixed performance': Heineken beer sales down

Oct 22 2025

Dutch brewer Heineken Wednesday reported a steep drop in beer sales in the third quarter, driven by a sharp decline in …

Gold falls again as rally comes to halt, Asian markets drop

Oct 22 2025

Gold and silver tumbled for a second day Wednesday, bringing a rally in the precious metals to a juddering halt, while …

OpenAI unveils search browser in challenge to Google

Oct 22 2025

ChatGPT-maker OpenAI on Tuesday announced an "Atlas" search browser, leveraging its artificial intelligence prowess in a …

Netflix shares sink as quarterly profit misses mark

Oct 21 2025

Netflix shares sank on Tuesday after the streaming television powerhouse reported quarterly profit that fell short of …

Argentina's central bank intervenes to halt run on peso

Oct 21 2025

Argentina's central bank said Tuesday it had sold $45.5 million dollars on the foreign exchange market to try and halt a …

New JPMorgan skyscraper underlines Manhattan office comeback

Oct 21 2025

JPMorgan Chase officially inaugurated its new Manhattan tower Tuesday, a 60-story skyscraper that also marks a kind of …

GM cuts EV production in Canada, cites Trump backpedal

Oct 21 2025

General Motors said Tuesday it was ending production of an electric vehicle at a plant in Canada, a further blow to the …

Stocks rise on China-US hopes, gold and silver slump

Oct 21 2025

Most stock markets extended gains Tuesday on signs that China-US trade tensions were easing and as investors digested a …

Adidas hikes profit forecast as contains US tariff impact

Oct 21 2025

German sportswear giant Adidas on Tuesday raised its 2025 earnings forecast after posting record third-quarter sales and …

Dodging Trump's tariffs, Brazil's Embraer lands record orders

Oct 21 2025

Brazilian aircraft manufacturer Embraer on Tuesday reported a record order backlog in the third quarter of $31.3 billion …

GM shares soar on better tariff outlook and EV backpedal

Oct 21 2025

General Motors shares soared Tuesday after reporting strong results as it adjusts strategy over US President Donald …

Conservative Takaichi named Japan's first woman PM

Oct 21 2025

Sanae Takaichi was named Japan's first woman prime minister Tuesday, with the social conservative saying she wanted …

Ozempic-maker Novo Nordisk to shake up board

Oct 21 2025

Denmark's Novo Nordisk said Tuesday it would replace more than half of its board, including the chair, as the Ozempic …