Business and Tech

Democrats seek probe of market bets timed to Trump moves

AFP - 27m ago

Democratic lawmakers urged US authorities Monday to launch an insider trading investigation into possible market …

Drug companies reach opioids settlement ahead of landmark US trial

AFP - 59m ago

Three leading American drug distributors and an Israeli drugmaker blamed for a deadly US opioid epidemic settled a …

Trump says 'phase 1' China trade pact on track for November

AFP - 1h ago

US President Donald Trump on Monday said progress in developing the text of a partial trade pact with China means he …

Facebook steps up security amid fresh signs of Russia meddling

AFP - 2h ago

Facebook said Monday it was tightening its security for the 2020 US elections, amid signs of fresh activity from Russia …

Drug companies reach settlement ahead of landmark US opioids trial

AFP - 1h ago

Three leading American drug distributors and an Israeli drugmaker blamed for a deadly US opioid epidemic settled a …

Boeing's 737 MAX crisis deepens, hitting shares

AFP - 2h ago

The pressure was mounting Monday on Boeing as newly-surfaced documents deepened doubts about the company's ability to …

Facebook unveils fresh security measures for 2020 US elections

AFP - 1h ago

Facebook said Monday it was tightening its security for the 2020 US elections, with stepped up scrutiny of "state …

Crisis could claim third of big global banks: McKinsey

AFP - 3h ago

US consulting firm McKinsey said Monday that a third of big global banks may not survive a major financial shock, with …

China's top diplomat says 'confident' of investment deal with EU

AFP - 4h ago

China's foreign minister said Monday that he was confident of a investment deal being clinched with the European Union, …

Pound strikes five-month peak above $1.30

AFP - 5h ago

The pound hit a fresh five-month peak above $1.30 Monday on renewed Brexit optimism after Prime Minister Boris Johnson …

Global warming eclipses nuclear war as top concern: Nobel laureate

AFP - 5h ago

The threat of climate change has overtaken the prospect of nuclear war as the most pressing concern facing humanity, a …

Boeing shares tumble again as 737 MAX crisis deepens

AFP - 3h ago

Shares of Boeing tumbled again on Monday over its handling of the 737 MAX crisis after US aviation regulators criticized …

US drug companies reach settlement ahead of landmark opioids trial

AFP - 1h ago

Three leading drug distributors and an Israeli drugmaker blamed for a deadly US opioid epidemic settled with plaintiffs …

Powerful Russia tycoon quizzed by Spain's top criminal court

AFP - 7h ago

One of Russia's most powerful tycoons, Mikhail Fridman, appeared in Spain's top criminal court for questioning on Monday …

Shipping firms look to sail into the future

AFP - 8h ago

Global shipping firms under pressure to cut carbon emissions are experimenting with an age-old technology: sails to …

Pound dips as Brexit saga drags but hopes for deal lend support

AFP - 1h ago

Sterling fell on Monday after MPs voted to delay passing British Prime Minister Boris Johnson's Brexit deal, though …

Japan's Uniqlo pulls ad after South Korean fury

AFP - 10h ago

Japanese retail giant Uniqlo has pulled a commercial featuring a 98-year-old US fashion figure from South Korean …

French architect Jean Nouvel workshop sues Paris concert hall

AFP - 5h ago

Top architect Jean Nouvel is suing one of his former clients, the Philharmonie concert hall in Paris, in a dispute over …

Wall Street learns the high cost of sexist comments

AFP - 18h ago

The #MeToo movement recently reached dramatically into the world of high finance, as one prominent Wall Street figure …

Maritime industry seeks solutions to limit pollution

AFP - 18h ago

Shipowners say they are trying to cut their heavy-polluting industry's impact on the environment by using cleaner energy …

Key moments in Draghi's eventful ECB tenure

AFP - 19h ago

Mario Draghi hands over the keys of the European Central Bank to Christine Lagarde on October 31, leaving the former IMF …

Departing Draghi leaves divided ECB to Lagarde

AFP - 19h ago

Departing European Central Bank president Mario Draghi will leave a conflicting legacy after chairing his final …

Pound shrugs off Johnson's latest Brexit setback

AFP - 12h ago

Sterling fell modestly as trading resumed Monday following British Prime Minister Boris Johnson's latest failure to …

Facebook's Marcus says Libra won't be controlled by a single company

Oct 20 2019

Facebook executive David Marcus on Sunday tried to calm the fears of officials threatening to block its proposed digital …

Matthieu Pigasse to quit as CEO of Lazard France

Oct 20 2019

French investment banker Matthieu Pigasse, a major shareholder in France's Le Monde newspaper, is to resign his …

Ecuador resumes oil exports curbed by protests

Oct 20 2019

Ecuador on Sunday said it had resumed crude oil exports curbed by violent protests that forced several wells in the …

High hopes as Dubai marks one-year countdown to Expo 2020

Oct 20 2019

Fireworks exploded over Dubai's skyline on Sunday to mark the one-year countdown to Expo 2020, a big-budget global trade …

Longest non-stop passenger flight arrives in Sydney

Oct 20 2019

The longest non-stop passenger flight touched down in Australia Sunday morning after more than 19 hours in the air, a …

German airports hit by Eurowings, Germanwings walkouts

Oct 20 2019

Cabin crew at four Lufthansa subsidiary airlines staged a day-long strike Sunday, causing dozens of cancellations at …

Russia says five illegal dams were built at Siberian gold mine

Oct 20 2019

Investigators said Sunday they had arrested several people after five illegally-built dams collapsed at a Siberian gold …

Three arrested after dam collapse in Siberia

Oct 20 2019

Investigators said Sunday they had arrested three officials after a dam, said to have been built illegally, collapsed at …

Three arrests after dam break in Siberia

Oct 20 2019

Three officials at a gold mine in Siberia where 15 people died after a dam collapsed were arrested on Sunday, the …

China talks up tech prowess in face of US rivalry

Oct 20 2019

China on Sunday said it aims to become a "great power" in the online world and took a swipe at Washington on trade, …

Boeing wants it to fly, but travelers fear the 737 MAX

Oct 20 2019

On September 12, Boeing started putting out 30-second videos in which employees tout its planes' safety, hoping to …

Border closure has mixed impact for Nigeria's economy

Oct 20 2019

Two months ago, Nigeria slapped restrictions on cross-border trade with its neighbours, but there are mixed signals as …

Shunned by Chinese, Thai tourism hotspot braces for rare slump

Oct 20 2019

Hotels on Thailand's most popular holiday island have been forced to slash prices with rooms left vacant and beaches …

IMF chief says building 'peer pressure' to follow trade rules

Oct 19 2019

With trade tensions undermining confidence and global growth, economic leaders are increasingly pushing each other to …

Former IMF chief Lagarde takes swipe at Trump's Twitter habits

Oct 19 2019

Former IMF chief Christine Lagarde said President Donald Trump's trade offensive against China could slash global …

Google completes first drone delivery in the US

Oct 19 2019

Alphabet (Google) subsidiary Wing has become the first company in the United States to deliver packages by drone.

Document suggests Boeing pilots saw MAX system problems in 2016

Oct 19 2019

A Boeing pilot behind the 737 MAX certification in 2016 told a colleague a key flight handling system was "running …

15 die in dam collapse at Siberian gold mine

Oct 19 2019

Fifteen people were killed and another six missing after an illegally built dam collapsed at an artisanal gold mine in a …

China, US make 'substantial' trade deal progress: top official

Oct 19 2019

Beijing and Washington have made "substantial progress" towards a partial trade deal, China's top trade negotiator said …

13 die in dam collapse at Siberian gold mine

Oct 19 2019

At least 13 people were killed and about a dozen were missing after a dam collapsed at a gold mine in a remote Siberian …

Facebook says it will deliver News Corp stories

Oct 19 2019

Facebook on Friday confirmed that some stories from News Corp, publisher of The Wall Street Journal, will be among the …

At IMF, US urges action to spur global economy; avoids talk of trade war

Oct 19 2019

Washington called Friday for action from other major world powers to spur economic growth, avoiding mention of the …

Pound steadies as Johnson prepares Brexit bill battle

Oct 18 2019

Sterling advanced Friday on the eve of a crucial vote on UK Prime Minister Boris Johnson's Brexit deal, while global …

Protests and strike stoke jitters over Catalan economy

Oct 18 2019

The tenors fell silent at Barcelona's opera house on Friday where a performance of Turandot was cancelled as a general …

European governments move to veto Facebook's digital money

Oct 18 2019

Major European players are joining forces to block Facebook's proposed digital currency because of the dangers it poses …

IMF members put off voting change; agree to boost lending capacity

Oct 18 2019

Global finance ministers agreed Friday to double a key pool of money that the International Monetary Fund can use to aid …

US targets Cuba tourism with tighter airline sanctions

Oct 18 2019

The US moved to further hurt Cuba's vital tourism industry by tightening the ability of the country's airlines to lease …

Oracle co-chief Mark Hurd dies at 62

Oct 18 2019

Oracle co-chief executive Mark Hurd died on Friday, about a month after taking a medical leave of absence from his post, …

US opens door to talks to resolve Airbus tariff dispute with EU

Oct 18 2019

Hours after the United States imposed tariffs on a record $7.5-billion worth of European Union goods on Friday in a …

Document suggests Boeing pilots saw problems with key MAX system in 2016

Oct 18 2019

A Boeing pilot behind the 737 MAX certification in 2016 told a colleague a key flight handling system was "running …

Johnson tells MPs 'no better outcome' than his Brexit deal

Oct 18 2019

British Prime Minister Boris Johnson warned Friday there was "no better outcome" to the tortuous Brexit process than his …

US regulators say Boeing withheld key 737 MAX documents

Oct 18 2019

US aviation regulators criticized Boeing on Friday for not immediately disclosing communications between two employees …

US imposes tariffs on EU goods, targeting Airbus, wine and whisky

Oct 18 2019

The United States imposed tariffs on a record $7.5-billion worth of European Union goods on Friday, despite threats of …

Credit Suisse unveils negative rates on large deposits

Oct 18 2019

Credit Suisse, Switzerland's second largest bank, said Friday it will apply negative interest rates to large cash …

British PM scrambles to sell Brexit deal to MPs

Oct 18 2019

Prime Minister Boris Johnson spent Friday frantically twisting arms to get wavering MPs behind his Brexit deal, with a …

Johnson's Brexit: a lesser evil for the UK economy?

Oct 18 2019

British Prime Minister Boris Johnson's Brexit deal, which was welcomed by business with a sigh of relief, could limit …

S.Africa to increase coal-fired energy, sparking climate outcry

Oct 18 2019

South Africa's government announced Friday that the country would increase its use of coal-fired energy, provoking …

India's Reliance profits jump 18.3 percent

Oct 18 2019

Indian conglomerate Reliance Industries on Friday reported an 18.3 percent rise in consolidated net profit due to a …

G20 expected to back OECD's digital tax proposal

Oct 18 2019

G20 finance ministers Friday are expected to give the green light to an OECD proposal that aims to find an agreement on …

Profit alert sends French carmaker Renault's shares into tailspin

Oct 18 2019

French carmaker Renault saw its shares tumble 12 percent Friday after issuing a dismal financial update, extending its …

Oil, diamonds and nuclear power: Russia eyes Africa business

Oct 18 2019

While Russia has traditionally focused on arms and grain exports to Africa, it is now looking to broaden its activities …

No cheers for booze, olives or jets as US sanctions hit EU

Oct 18 2019

With Washington starting to apply swingeing tariffs on a record $7.5 billion of European goods from cheese and wine to …

Coca-Cola reports higher profits, lifting shares

Oct 18 2019

Coca-Cola reported higher third-quarter profits Friday, citing solid sales of soda and innovative products like smaller …

Pound steadies as Johnson faces battle to pass Brexit bill

Oct 18 2019

Sterling steadied around $1.29 Friday as dealers paused for breath at the end of a dizzying week and on the eve of a …

Pakistani man jailed for blasphemous Facebook post

Oct 18 2019

A Pakistani court Friday sentenced a man to five years jail and hard labour for a blasphemous Facebook post, in what is …

Backlash grows over 'Abominable' film's disputed S. China Sea map

Oct 18 2019

A scene in the film "Abominable" featuring a map with Beijing's disputed South China Sea claims sparked a growing …

Samsung admits Galaxy S10 fingerprint access flaw

Oct 18 2019

Tech giant Samsung Electronics on Friday acknowledged a major flaw with its fingerprint system that allows other people …

Radical Thai billionaire in court over alleged share holdings

Oct 18 2019

The charismatic frontman of Thailand's anti-military parliamentary bloc appeared in court Friday accused of breaching …

French carmaker Renault's shares fall 12 percent

Oct 18 2019

French carmaker Renault saw its shares tumble 12 percent on the Paris Stock Exchange Friday in a continuation of its …

Internet shutdown fuels Kashmir fake news battle

Oct 18 2019

A communications blackout in India's powderkeg Kashmir region is fuelling a fake news war with Pakistan, as both sides …

Pound drops as Johnson faces battle to pass Brexit bill

Oct 18 2019

Sterling fell Friday as investors fret over Boris Johnson's chances of pushing his Brexit deal through parliament, while …

Cathay woes pile up as passenger figures dip again in September

Oct 18 2019

Cathay Pacific cut its economic outlook on Friday following a second successive drop in monthly passenger traffic after …

China's growth slows to 6% in third quarter, weakest in 27 years

Oct 18 2019

China's economy expanded at its slowest rate in nearly three decades during the third quarter as it was hit by the …

Apple boss Cook meets Chinese regulator after HK app criticism

Oct 18 2019

The CEO of Apple has met with the top market regulator in China, a statement said Friday, a week after the tech giant …

Longest non-stop flight to take off from New York to Sydney

Oct 18 2019

A plane and its passengers are set to test the mental and physical limits of long-haul aviation when Qantas operates the …

British PM tries to sell Brexit deal to MPs

Oct 18 2019

British Prime Minister Boris Johnson will on Friday seek to sell his Brexit deal to sceptical MPs, as he returns home …

China's Q3 GDP growth slows to 6%, slowest in 27 years

Oct 18 2019

China's economy expanded at its slowest rate in nearly three decades in the third quarter, hit by cooling domestic …

How Purdue's aggressive sales of a painkiller blew up in its face

Oct 18 2019

In 2002, Andrew Kolodny, a resident in psychiatry, attended a training session on pain treatment in Philadelphia.

G7 says Libra should not launch until risks 'adequately addressed'

Oct 18 2019

Facebook should not launch its global digital currency Libra until proper regulations are in place to handle the …

Burkina tourist hub loses Western visitors to jihadist threat

Oct 18 2019

"They've placed us in the red zone, which means the tourists aren't coming like before. Even the aid workers don't …

For Russian business, big dreams in Africa

Oct 18 2019

From diamonds and arms to nuclear power and oil, Russia has major business ambitions in Africa, even if it is coming …

US tariffs on EU would have negative political, economic impact: France's Le Maire

Oct 18 2019

If President Donald Trump follows through on a plan to impose tariffs on European goods in the dispute over Airbus, it …

Europe endorses Brexit deal and urges UK MPs to back it

Oct 18 2019

European Union leaders endorsed a hard-fought Brexit deal with Britain on Thursday, but Prime Minister Boris Johnson …

Lebanese govt faces calls to resign as austerity protests spread

Oct 18 2019

The Lebanese government faced calls to resign Thursday after thousands of furious demonstrators took to the streets …

Fashion statement: Trump inaugurates new Louis Vuitton US site

Oct 18 2019

President Donald Trump attended the opening of a new production site in Texas for the posh handbag maker Louis Vuitton …

Juul suspends US sales of some flavored e-cigarettes

Oct 18 2019

The leading American maker of electronic cigarettes, Juul Labs, announced Thursday it is suspending sales of some …

Protests in Lebanon after move to tax calls on messaging apps

Oct 18 2019

Hundreds of people took to the streets across Lebanon on Thursday to protest dire economic conditions after a government …

Trial set in New York on Exxon's climate statements

Oct 17 2019

Charges that Exxon Mobil misled investors on the financial risks of climate change will be heard in court this month …

UAW says GM strike to continue until workers vote on deal

Oct 17 2019

Striking workers at General Motors will not return to work until the full union membership votes on a new contract, a …

Mexican president woos US Democrats to back trade deal

Oct 17 2019

Mexico's president vowed to increase workers' wages and amply fund a labor-reform package in a letter Thursday aimed at …

China consortium wins Colombian capital metro contract

Oct 17 2019

China's APCA Transmimetro has won a $4 billion contract to build an elevated metro line in Bogota, Colombia's President …

Pound goes on rollercoaster ride after Brexit draft deal

Oct 17 2019

The British pound had a tumultuous session on Thursday as a draft Brexit deal between London and Brussels sparked both …

Saudi Aramco to delay initial public offering: source

Oct 17 2019

Saudi Aramco plans to push back its initial public offering, which had been expected to be launched next week, a person …

S.African govt apologises for rolling blackouts

Oct 17 2019

South Africa's deputy president apologised Thursday for rolling blackouts that could pose a threat to the fragile …

Displacing Canada cannabis black market will take years: Trudeau

Oct 17 2019

Canada's cannabis market -- beset by complaints of high retail prices and huge investor losses -- will take "several …

G7 countries seeking common stance on Facebook's Libra

Oct 17 2019

Facebook's controversial plans for a new digital currency will again come under scrutiny of finance officials from Group …

Zuckerberg defends Facebook's hands-off policy for politicians

Oct 17 2019

Facebook chief executive Mark Zuckerberg on Thursday defended the huge social network's policy of refraining from …

Spanish official hopes for last minute reprieve from US Airbus sanctions

Oct 17 2019

With US tariffs on a record $7.5 billion in European goods set to hit at midnight, Spain's economy minister Nadia …

Proposed GM contract lifts wages, closes 4 plants

Oct 17 2019

General Motors' proposed agreement to end a labor strike includes a wage increase and faster transition to fulltime …