Business and Tech

Emirates could take four years to return to normal: chief

AFP - 12m ago

It could take up to four years for Emirates airline's operations to return "to some degree of normality", its president …

Stocks rally despite global tensions

AFP - 46m ago

Asian and European stocks mainly rallied Monday as investors shrugged off violent anti-racism protests in the United …

Asia markets rally on virus hopes, Trump's Hong Kong action

AFP - 4h ago

Hong Kong led an Asia-wide market rally Monday as investors breathed a sigh of relief after Donald Trump fell short of …

Google rejects call for huge Australian media payout

AFP - 7h ago

Google has rejected demands it pay hundreds of millions of dollars per year in compensation to Australian news media …

Facebook slams 'severe' Singapore misinformation law

AFP - 7h ago

Facebook said Monday Singapore's use of an online misinformation law is "severe" and risks stifling free speech, after …

ECB expected to pump up eurozone support as pandemic persists

AFP - 9h ago

The European Central Bank could announce Thursday hundreds of billions of euros in new bond-buying to keep fighting the …

65% of small Israeli start-ups could succumb to COVID-19: survey

May 31 2020

Around 65 percent of small Israeli start-ups expect to cease operations in the next six months due to the economic …

Emirates Airline says must cut jobs over virus crisis

May 31 2020

Emirates Airline said Sunday it will have to cut jobs after being forced to ground its fleet during the coronavirus …

Emirates Airline says to cut 'a few' jobs over virus

May 31 2020

Emirates Airline said Sunday it will cut "a few" jobs in the face of the downturn over the coronavirus crisis, but did …

Venezuela raises fuel prices after arrival of Iranian oil tankers

May 31 2020

Venezuela will increase fuel prices in June, the president said, putting a limit on state subsidies that for decades had …

For Russia, SpaceX success is 'wakeup call'

May 31 2020

Russia has lost its long-held monopoly as the only country able to ferry astronauts to the International Space Station …

Two decades on, Zimbabwe takes stock of Mugabe land reform legacy

May 31 2020

Eighty-year-old Isobel Simons calmly narrated how she and her late husband lost their 728-hectare Zimbabwe farm two …

Russian small businesses reopen to uncertain future

May 31 2020

When Moscow authorities closed non-essential businesses to stop the spread of the coronavirus, Boris Kupriyanov began to …

China factory activity slows as global slump drags on growth

May 31 2020

Factory activity in China expanded at a slower pace in May as the country attempts to get back on track after the …

Latin America's stricken airlines facing long haul to recovery

May 31 2020

Latin America's beleaguered airlines will take up to three years to recover losses due to the coronavirus pandemic, and …

Spectre of oil giant Rosneft looms over Russian independent media

May 31 2020

Russian oil giant Rosneft, run by a close ally of President Vladimir Putin, is wielding growing influence over Russia's …

US workers face an unequal future when virus recedes

May 31 2020

As the coronavirus worked its way across the United States, it cleaved the country's workforce in two: those who have …

UK electricity plant nears full switch away from coal

May 31 2020

As the coronavirus pandemic undermines the production of cleaner renewable fuels, the UK's biggest electricity plant is …

Thousands protest mass Renault job cuts

May 30 2020

Thousands of workers rallied Saturday outside the Renault factory in northern France to protest the automaker's decision …

Nike says "Don't Do It" on racism

May 30 2020

Nike has taken a stand against racism with a "Don't do it" campaign, a twist on its famous catch phrase, as protests …

What could losing US 'special status' mean for Hong Kong?

May 30 2020

Washington's declaration this week that Hong Kong is no longer sufficiently autonomous from China was a historic moment …

Virus-battered Italy faces worst recession since WWII

May 30 2020

Facing its deepest recession since World War II and with business confidence collapsing, the coronavirus pandemic is …

Germany, Brussels seal pact on Lufthansa rescue plan: sources

May 30 2020

Germany and the European Commission have reached agreement on a giant Berlin-funded rescue plan for coronavirus-hit …

Los Angeles restaurants reopen as virus lockdown eases

May 29 2020

Los Angeles restaurants and hair salons were granted permission to reopen immediately Friday, as restrictions were eased …

Disney and other Florida theme parks to re-open in June, July

May 29 2020

Maintaining social distancing and wearing masks, tourists visiting Florida will be able to take photos with Mickey Mouse …

US stocks end mostly up as Trump stops short of tariffs on China

May 29 2020

Wall Street finished mostly higher Friday as US President Donald Trump stopped short of threatening tariffs on China, …

Trump fights claims he stoked violence in escalating Twitter feud

May 29 2020

President Donald Trump pushed back Friday against accusations of stoking violence after he provoked outrage -- and an …

Smartphone tool helps users keep social distance

May 29 2020

Smartphone users have a new way to keep their distance -- a tool that lets them know when people are getting closer than …

Canada bans cruise ship visits until October

May 29 2020

The Canadian government on Friday extended by three months a ban on cruise ships entering Canadian waters because of the …

Trump announces probe of Chinese companies listed in US

May 29 2020

US President Donald Trump on Friday ordered a probe into the actions of Chinese companies listed on American financial …

Fed's small business lending program near launch: Powell

May 29 2020

The US central bank's program to help smaller businesses will roll out its first loans in coming days aimed at …

Britain pushing US to form 5G club of nations to cut out Huawei

May 29 2020

Britain said Friday it was pushing the United States to form a club of 10 nations that could develop its own 5G …

Virus lockdown forces Brits to become own dentists

May 29 2020

When Dominic Price's dentist told him in late March to replace a lost filling himself, the Briton was left in disbelief.

Fed chair warns of widening inequality as US consumption dives

May 29 2020

The coronavirus pandemic could widen inequalities in the United States, Federal Reserve Chair Jerome Powell warned …

Sotheby's New York spring sales set for London, without an audience

May 29 2020

Sotheby's big spring auctions, which generate billions of dollars in sales, will be held remotely and without an …

Caution on China from EU, West's 'soft underbelly'

May 29 2020

The European Union's cautious response to China's clampdown on Hong Kong on Friday will not much trouble Beijing and …

Twitter has more tools to use against Trump, if it chooses

May 29 2020

Twitter's moves to label or hide comments from President Donald Trump have escalated a feud between the social network …

Virus tracing apps: Which countries are doing what

May 29 2020

As countries emerge from lockdowns imposed to blunt the coronavirus pandemic, dozens have rolled out phone apps to track …

Uzbekistan auctions off landmark Soviet-era hotel

May 29 2020

Uzbekistan has sold a controlling stake in its most famous hotel to a firm based in Singapore as Tashkent tries to …

US consumption dove 13.6% in April amid virus lockdowns

May 29 2020

US personal consumption plunged a record 13.6 percent in April, the first full month where businesses closed their doors …

Renault to cut 15,000 jobs in 'vital' cost-cutting plan

May 29 2020

Carmaker Renault said Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it …

White House dares Twitter in war over Trump tweets

May 29 2020

The White House thumbed its nose at Twitter on Friday by reposting a President Donald Trump tweet that the social media …

Badly hit California economy aims to reverse virus 'free fall'

May 29 2020

Millions unemployed, world-famous tourist attractions closed, movie sets shuttered and a huge deficit looming: …

Brazil GDP shrinks 1.5% in Q1 due to pandemic

May 29 2020

Brazil's economy -- Latin America's largest -- contracted by 1.5 percent in the first quarter due to the shutdown …

Spain govt okays basic income scheme to tackle poverty

May 29 2020

Spain's leftwing government approved a minimum basic income scheme on Friday to tackle a spike in poverty stemming from …

Why one UK resort town is urging visitors to stay away

May 29 2020

It may seem like an odd message from a summer resort, but businesses in Margate on England's south coast are urging …

Equities slip as Trump readies Beijing response

May 29 2020

Global equities mostly sank on Friday as US President Donald Trump readied a response to Beijing's controversial planned …

Romanian pickers arrive in private jet to save Italy vineyard

May 29 2020

Italy's vines have not stopped growing during the country's long coronavirus lockdown, but without their usual foreign …

Famed Paris store Galeries Lafayette to reopen

May 29 2020

Paris's famed Galeries Lafayette department store, which receives some 37 million visitors every year -- many of them …

Equities slide as Trump readies response to Beijing

May 29 2020

Global equities mostly sank on Friday as US President Donald Trump readied his response to Beijing's controversial …

Volkswagen invests 2 bn euros in Chinese electric vehicle sector

May 29 2020

Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric …

Twitter conceals Trump tweet for 'glorifying violence'

May 29 2020

Twitter concealed one of Donald Trump's tweets on Friday for "glorifying violence," ramping up a dispute with the US …

Britain pushing US to form 5G club to cut out Huawei: report

May 29 2020

Britain wants the United States to form a club of 10 nations that could develop its own 5G technology and reduce …

Twitter conceals Trump tweet, ramping up dispute

May 29 2020

Twitter concealed one of Donald Trump's tweets on Friday for "glorifying violence," ramping up a dispute with the US …

Equities drop as Trump lines up China response

May 29 2020

Equities mostly fell Friday after Donald Trump called a news conference for later in the day to outline his response to …

Japan Netflix star's death sparks calls for cyberbullying rules

May 29 2020

The death of a young Japanese reality TV star targeted by online abuse has sparked an outpouring of grief in the country …

Vietnamese cops bust $2.6bn online gambling ring

May 29 2020

Vietnamese police have smashed a massive online card ring with revenues estimated at $2.6 billion, the biggest ever bust …

In Senegal, the struggles of a small airline during coronavirus

May 29 2020

Launching an airline in Africa is a notorious challenge in a continent and sector where opportunities are often crimped …

Europe moves ahead with lockdown easing, but caution in Asia

May 29 2020

Several European countries including France and Britain on Thursday moved to further lift crippling coronavirus lockdown …

Tesla performance opens door to Elon Musk payday

May 29 2020

Tesla has hit financial marks that let its colorful chief executive Elon Musk reap the first portion of a multi-billion …

Renault to cut 15,000 jobs in 2 bn euro cost cutting plan

May 29 2020

French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion …

Trump signs order targeting social media after tweets flagged

May 28 2020

President Donald Trump signed an order Thursday seeking to strip social media giants like Twitter of legal immunity for …

US stocks sag on China tensions as Europe rises on restarts

May 28 2020

Wall Street stocks stumbled in late afternoon trading Thursday on rising tensions between Washington and Beijing, after …

Section 230: the internet's wobbly cornerstone

May 28 2020

Some call it the foundation of the open internet and online free speech. Others say it allows big platforms to avoid …

Google cautions EU on AI rule-making

May 28 2020

Google warned on Thursday that the EU's definition of artificial intelligence was too broad and that Brussels must …

Trump to target social media with executive order

May 28 2020

US President Donald Trump was set Thursday to target social media giants like Twitter, which he accuses of bias against …

Lebanon passes law lifting banking secrecy for officials

May 28 2020

Lebanon's parliament Thursday passed a law to lift banking secrecy for public officials, including over corruption or …

Pharma chiefs see coronavirus vaccine by year-end, but challenges 'daunting'

May 28 2020

Pharmaceutical company executives said Thursday that one or several COVID-19 vaccines could begin rolling out before …

African Development Bank says 'no decision' yet on demands for probe

May 28 2020

The African Development Bank (AfDB) on Thursday said "no decision" had been taken regarding a US push for an outside …

France to reopen cafes, end domestic travel limit

May 28 2020

France on Thursday announced the long-awaited nationwide reopening of bars, restaurants and cafes from June 2, albeit …

Dutch ban transport of mink after farm workers infected

May 28 2020

Dutch authorities on Thursday announced a nationwide ban on the transport of mink after mink farm workers were believed …

Iconic Paris department store Printemps reopens

May 28 2020

The famous Parisian department store Printemps selling high-market brands reopened its doors to eagerly awaiting masked …

France further eases lockdown, as others reimpose distancing measures

May 28 2020

France said Thursday it would reopen its famed bars and restaurants -- with restrictions -- following months of …

US revocation on Hong Kong: Big symbolism, less certain effect

May 28 2020

President Donald Trump's administration has taken the major step of revoking Hong Kong's special status under US law, …

Amazon offers permanent jobs to 125K temp hires

May 28 2020

Amazon on Thursday said it is offering permanent jobs to 125,000 of the temporary workers hired to handle surging use of …

Lebanon adopts law to lift banking secrecy for officials

May 28 2020

Lebanon's parliament Thursday adopted a law to lift banking secrecy for public officials including over corruption or …

Scottish island pilots drone deliveries of medical supplies

May 28 2020

In a field overlooking the Lorn and Islands Hospital in the town of Oban on Scotland's remote west coast, an anxious …

US layoffs exceed 40 mn but some are returning to work

May 28 2020

The number of workers filing for jobless benefits since the coronavirus arrived in the United States passed 40 million …

African Development Bank says 'no decision' yet over demands for probe

May 28 2020

The African Development Bank (AfDB) on Thursday said "no decision" had been taken regarding a US push for an outside …

Stock markets shrug off US layoffs

May 28 2020

Stock markets mostly rose and the dollar advanced on Thursday, gaining traction from optimism over reopening economies …

Spain says Nissan closing Barcelona factory

May 28 2020

Japanese carmaker Nissan has decided to shut its factory in Barcelona where 3,000 people are employed after four decades …

US manufactured goods sales plunge 17.2% in April

May 28 2020

New orders for US manufactured goods cratered in April by 17.2 percent as the COVID-19 pandemic shut down factories …

French court faults Goodyear over factory closure

May 28 2020

US tyre giant Goodyear has been found by a French court to have unfairly dismissed more than 800 employees at a factory …

US deaths top 100,000 as countries reimpose distancing measures

May 28 2020

The US coronavirus death toll passed 100,000, as some countries reimposed social distancing rules following a resurgence …

Kuwait Airways to lay off 1,500 foreign employees

May 28 2020

State-owned Kuwait Airways said Thursday it will lay off 1,500 expatriate employees due to "significant difficulties" …

Plastic bubble brings joy to French nursing home

May 28 2020

Nathalie Szczepaniak caresses the hand of her husband Joseph, a care home resident, as the couple reunites after weeks …

American Airlines to cut 30% of management staff

May 28 2020

American Airlines will cut 30 percent of its management and support staff in its latest belt-tightening move during the …

Germany calls in Russian envoy, seeks sanctions over hacking

May 28 2020

Germany's foreign ministry on Thursday called in the Russian ambassador to discuss possible sanctions over a 2015 …

Nissan reports heavy losses, to shut Barcelona plant

May 28 2020

Crisis-hit Japanese automaker Nissan on Thursday reported a huge $6.2-billion annual net loss, announcing it would shut …

EasyJet axes almost third of staff on virus fallout

May 28 2020

EasyJet will axe up to 4,500 jobs, or almost one third of its staff, the British no-frills airline said Thursday, as the …

Stock markets mostly gain before US jobs data

May 28 2020

Stock markets mostly rose and the dollar advanced Thursday, gaining traction from optimism over reopening economies and …

Trump to sign executive order after threatening to shutter social media

May 28 2020

US President Donald Trump is expected to sign an executive order Thursday after threatening to shutter social media …

Austrian Airlines to resume flights on June 15

May 28 2020

Austrian Airlines said Thursday that it would resume flights from June 15 after almost three months of being grounded …

Struggling Nissan reports heavy losses, cuts production

May 28 2020

Crisis-hit Japanese automaker Nissan on Thursday reported a staggering $6.2 billion annual net loss, its first in over a …

Most markets cheered by reopening moves, Hong Kong suffers losses

May 28 2020

Optimism over the reopening of major economies across the planet helped push most markets higher Thursday, as investors …

SAS loss deepens as lockdowns choke air travel

May 28 2020

Scandinavian airline SAS said on Thursday that its quarterly loss deepened as air travel was devastated by coronavirus …

Most markets cheered by reopening moves, Hong Kong sees losses

May 28 2020

Optimism over the reopening of major economies across the planet helped push most markets higher Thursday, as investors …

EasyJet axes almost a third of staff on virus fallout

May 28 2020

British no-frills airline EasyJet said Thursday that it will axe up to 4,500 jobs, or almost a third of its workforce, …

Norwegian enters 'hibernation' to ride out virus crisis

May 28 2020

Norwegian Air Shuttle said on Thursday it was now in "hibernation", hoping to ride out the devastation inflicted on …

Drought drives Australia's sheep flock to record low

May 28 2020

Years of drought in Australia's east has caused the national sheep flock to shrink to the lowest levels since records …

US revokes Hong Kong's special status as anger grows over China law

May 28 2020

The United States has revoked Hong Kong's special status under US law, opening the way for the city to be stripped of …

Virus forces 'paper napkin' makeover at swanky German hotel

May 28 2020

From wipe-down place-mats to paper napkins and a drive-through ice-cream stand by the grand entrance, guests returning …