Business and Economy



UBS first-quarter profits jump 80% on investment banking

AFP - 35m ago

Swiss banking giant UBS on Wednesday reported that net profit rose a better-than-expected 80 percent to $3 billion in …

European stocks fall with eyes on earnings, US Fed

AFP - 1h ago

European stocks slipped as oil prices surged Wednesday, with investors digesting a wave of corporate earnings and …

TotalEnergies first-quarter profits surge amid Middle East war

AFP - 1h ago

French oil and gas giant TotalEnergies said Wednesday net profit rose 51 percent in the first quarter to $5.8 billion, …

Mercedes warns longer Mideast war could cause shortages

AFP - 2h ago

German premium automaker Mercedes-Benz warned Wednesday that a drawn-out conflict in the Middle East could cause …

Finnish lift maker Kone acquires German rival TKE, creating giant

AFP - 2h ago

Finnish lift maker Kone on Wednesday announced the acquisition of its German rival TKE in a huge share-and-cash deal …

Oil rises further with Iran war peace talks stalled

AFP - 1h ago

Oil prices rose Wednesday as talks to end the Iran war appeared to be at a standstill and the crucial Strait of Hormuz …

EU finds Meta failing to keep under-13s off Facebook, Instagram

AFP - 3h ago

The EU said on Wednesday Meta is failing to prevent children under 13 using Facebook and Instagram, potentially exposing …

Adidas reports higher profits but warns of 'volatile' climate

AFP - 4h ago

German sportswear giant Adidas on Wednesday reported strong growth in quarterly profits as sales rose in key markets, …

Mercedes-Benz profit slides amid cutthroat Chinese market

AFP - 4h ago

German premium automaker Mercedes-Benz said Wednesday its first-quarter profit fell by almost a fifth as cutthroat …

Cheaper, cleaner electric trucks overhaul China's logistics

AFP - 8h ago

At a dusty lot an hour outside Beijing, a steady stream of vehicles come and go for a quick battery charge -- just one …

An experimental cafe run by AI opens in Stockholm

AFP - 9h ago

The avocado toasts and baristas making foamy lattes make it look like any other cafe, except at this one, located in a …

Stocks swing, oil edges up with Iran war peace talks stalled

AFP - 4h ago

Asian stocks fluctuated Wednesday while oil prices swung as talks to end the Iran war appeared to be at a standstill and …

Europe climate report signals rising extremes

AFP - 9h ago

Europe endured a historic heatwave across Nordic countries, shrinking glaciers and record sea temperatures in 2025 as …

Jerome Powell: Fed chair who stood up to Trump set to finish tenure on top

AFP - 10h ago

US Federal Reserve Chair Jerome Powell, a soft-spoken central banker who chooses his words carefully, is perhaps an …

All eyes on Powell with US Fed expected to hold rates steady

AFP - 10h ago

The US Federal Reserve is widely expected to hold interest rates steady on Wednesday after a key policy meeting, likely …

Pentagon makes deal to expand use of Google AI: reports

AFP - 8h ago

The Pentagon has arranged a deal to increase its use of Google's artificial intelligence in classified operations, US …

France unveils plan to ditch all fossil fuels by 2050

AFP - 6h ago

France on Tuesday announced a "first of its kind" plan to phase out coal by 2030, oil by 2045 and gas by 2050 during a …

War in the Middle East: latest developments

AFP - 1h ago

The latest developments in the Middle East war:

Crude back above $110 on Strait stalemate as US stocks retreat

Apr 28 2026

Oil prices jumped on Tuesday to their highest level since the US-Iran ceasefire, pressuring US stocks as lack of …

US Supreme Court hears Cisco bid to halt Falun Gong suit

Apr 28 2026

The US Supreme Court heard a bid by Cisco on Tuesday to toss out a lawsuit that alleges the US tech giant should be held …

Panama's Copa Airlines orders 60 more Boeing 737 MAX for $13.5 bn

Apr 28 2026

Panama's flagship carrier Copa Airlines signed a $13.5 billion deal Tuesday to purchase 60 Boeing 737 MAX planes, adding …

Airbus profits slide as deliveries drop

Apr 28 2026

Airbus said Tuesday its first-quarter profit fell as it delivered fewer planes to customers, falling behind rival Boeing …

Billion-dollar energy deals signal US push into Balkans

Apr 28 2026

Balkan nations signed major energy deals involving US firms on Tuesday, as Washington hailed an increased push into a …

New pirate group behind latest Somali hijacking: officials

Apr 28 2026

A pirate attack off Somalia is the work of a new group of "opportunistic criminals", security officials said on Tuesday, …

UAE pulls out of OPEC oil cartels citing 'national interests'

Apr 28 2026

The United Arab Emirates will withdraw from the OPEC and OPEC+ oil cartels to focus on "national interests", it …

Crude back above $110 on Strait stalemate fears

Apr 28 2026

Oil prices jumped on Tuesday, climbing back above $110 per barrel, amid a lack of progress in re-opening the key Strait …

Will fuel shortages ruin summer vacations?

Apr 28 2026

Concerns are growing that shortages of diesel and jet fuel due to supply problems caused by war between Iran and the …

US Fed expected to keep rates steady as Iran war effects ripple

Apr 28 2026

The US Federal Reserve opened its two-day meeting on Tuesday with policymakers expected to keep interest rates steady, …

Croatia, Bosnia sign major gas pipeline deal

Apr 28 2026

Croatia and Bosnia on Tuesday signed a deal to build a major gas pipeline backed by investors close to US President …

EU lawmakers back blockbuster long-term budget

Apr 28 2026

The European Parliament on Tuesday threw its weight behind a more ambitious and bigger long-term EU budget, demanding …

BP reports huge profit rise in first quarter 

Apr 28 2026

British energy giant BP on Tuesday reported a sharp increase in profits in the first quarter as crude oil prices soared …

Crude extends gains on Iran talks, stocks diverge on central bank meetings

Apr 28 2026

Oil prices jumped Tuesday on lack of progress towards re-opening the Strait of Hormuz while stocks diverged as attention …

Crude extends gains, stocks drop as Trump considers latest Iran proposal

Apr 28 2026

Oil prices jumped and stocks sank Tuesday as Donald Trump weighed an Iranian proposal that would reportedly re-open the …

How China block of AI deal could stop 'Singapore-washing'

Apr 28 2026

When is a Chinese AI startup not a Chinese AI startup? When it's based in Singapore, or elsewhere, to distance itself …

New York restaurant's $40 half chicken fuels cost of dining debate

Apr 28 2026

Hugo Hivernat's restaurant was only open for a few days before he got dragged into New York's cost of living row for …

Australia aims to tax tech giants unless they pay news outlets

Apr 28 2026

Australia unveiled draft laws on Tuesday that would tax tech giants Meta, Google and TikTok unless they voluntarily …

Budget airlines first to cut flights as jet fuel prices soar

Apr 28 2026

Ryanair, Transavia, Volotea and other low-cost airlines are feeling the financial pain from high jet fuel prices as a …

S. Korea probes syringe hoarding as war hits plastic makers

Apr 28 2026

South Korean police said on Tuesday they were investigating firms suspected of hoarding medical syringes, as the Middle …

Nations to kick off world-first fossil fuel exit talks

Apr 28 2026

More than 50 governments meet in Colombia on Tuesday against the backdrop of the Iran war and a global energy crunch for …

Crude extends gains as Trump considers latest Iran proposal

Apr 28 2026

Oil prices edged up and stocks wavered Tuesday as Donald Trump weighed an Iranian proposal that would reportedly re-open …

Opening remarks Tuesday in Elon Musk versus OpenAI

Apr 28 2026

Opening remarks are set for Tuesday in a courtroom showdown between billionaire Elon Musk and OpenAI over whether the …

Jury in place for Elon Musk's legal battle with OpenAI

Apr 27 2026

Elon Musk's courtroom showdown with Sam Altman got underway here Monday with the selection of jurors entrusted to decide …

Oil rises, stocks mixed as US-Iran peace talk hopes dim

Apr 27 2026

Oil prices rose and stock markets moved unevenly on Monday as the prospect of Iran peace talks remained stalled, ahead …

Jury selection starts in Elon Musk's legal battle with OpenAI

Apr 27 2026

Elon Musk's courtroom showdown with Sam Altman got underway here Monday with the start of jury selection in a trial over …

Tourism plummets in US-blockaded Cuba

Apr 27 2026

Tourist trips to Cuba almost halved since the beginning of the year, Havana's statistics office said Monday, as a US …

EU tells Google to open Android to AI rivals

Apr 27 2026

The EU on Monday laid out measures it wants Google to take to open up its operating system to rival AI services, in a …

UN maritime agency rejects Hormuz tolls

Apr 27 2026

The head of the UN's maritime agency said Monday there was "no legal basis" for imposing any fees for ships to pass …

Oil rises, stocks slip as US-Iran peace talk hopes dim

Apr 27 2026

Oil prices rose and stock markets mostly retreated on Monday as peace talks between the United States and Iran stalled, …

Iran FM blames US for failure of talks as he meets with Putin

Apr 27 2026

Iran's top diplomat blamed Washington on Monday for the failure of Middle East peace talks during a visit to Russia, …

Carney launches $18 billion Canada sovereign wealth fund

Apr 27 2026

Prime Minister Mark Carney on Monday announced the creation of Canada's first-ever sovereign wealth fund, beginning with …

Iran FM blames US for failure of talks before meeting with Putin

Apr 27 2026

Iran's top diplomat blamed Washington on Monday for the failure of Middle East peace talks during a visit to Russia, …

Oil rises, stocks steady as US-Iran peace talk hopes wobble

Apr 27 2026

Oil prices rose and stock markets were mostly lower Monday as peace talks between the US and Iran stalled, ahead of a …

Iran FM blames US for failure of talks after landing in Russia

Apr 27 2026

Iran's top diplomat blamed Washington on Monday for the failure of talks after landing in Russia as part of a whirlwind …

China blocks Meta's acquisition of AI firm Manus

Apr 27 2026

China has blocked Meta's acquisition of AI startup Manus, the top economic planning body said Monday, after a regulatory …

Oil rises, stocks swing as peace talk hopes wobble

Apr 27 2026

Oil prices rose Monday while stocks were mixed with the United States and Iran no closer to ending their eight-week-old …

'Joint venture in reverse': foreign carmakers seek edge with China partners

Apr 27 2026

In a sprawling office in Hefei, the eastern Chinese electric vehicle hub, hundreds of employees and several robotic arms …

ECB set to hold rates steady with eye on Iran crisis

Apr 27 2026

The European Central Bank is expected to hold interest rates steady again this week as it waits to see if the inflation …

Stage set for Elon Musk's court battle with OpenAI

Apr 27 2026

Elon Musk's lawsuit accusing high-profile artificial intelligence company OpenAI of betraying its non-profit mission …

Michael Jackson biopic debuts atop N. America box office

Apr 26 2026

"Michael," the much-anticipated biopic about late superstar Michael Jackson, debuted atop the North American box office …

US Fed set to hold rates steady again on cost hikes from Mideast war

Apr 26 2026

The US central bank is widely expected to keep interest rates unchanged at its policy meeting next week, as energy …

Key US senator lifts block on Fed chair nominee

Apr 26 2026

Republican US Senator Thom Tillis said Sunday that he would support Kevin Warsh's nomination as Federal Reserve chairman …

India plugs oil gap as Middle East supplies sink

Apr 26 2026

India has ramped up purchases of Russian oil and revived alternate supplies from Africa, Iran and Venezuela to blunt a …

Japan inflation cools demand for vending machine drinks

Apr 26 2026

From post offices and parks to stations and even the summit of Mount Fuji, Japan's vending machines are ubiquitous. But …

TotalEnergies refinery working full tilt to keep France fuelled

Apr 26 2026

A maze of over 40,000 kilometres (25,000 miles) of pipes located at the mouth of the Seine where it spills into the …

What is Signal and is it secure?

Apr 25 2026

Signal, an end-to-end encrypted messaging app long considered one of the most secure in the world, has recently faced …

AI firms flex lobbying muscle on both side of Atlantic

Apr 25 2026

AI developers are ramping up efforts to win over the hearts and minds of officials in Europe and the United States, …

US envoys heading to Pakistan for uncertain Iran talks

Apr 25 2026

US envoys headed to the Pakistani capital Saturday in a bid to kickstart a new round of peace negotiations with Iran …

Billionaire Elon Musk enters courtroom showdown with OpenAI

Apr 25 2026

Jury selection is to begin Monday in a high-profile legal battle between billionaire Elon Musk and artificial …

Under blackout threat, Wikimedia reaches compromise with Indonesia

Apr 25 2026

The Wikimedia Foundation said Saturday it has found a compromise with the Indonesian government, which had threatened to …

US hopes for progress, but Iran says not direct talks

Apr 24 2026

Iran's foreign minister arrived in Islamabad on Friday and US envoys headed to the Pakistani capital in a bid to …

S&P 500, Nasdaq end at records as Intel shares surge

Apr 24 2026

Major Wall Street indices closed at fresh records as markets cheered the latest batch of earnings reports and US and …

EU, US sign critical minerals plan to counter China reliance

Apr 24 2026

The European Union and United States signed an agreement Friday to coordinate on the supply of critical minerals needed …

Court removes US businessman from managing his Brazilian football team

Apr 24 2026

An arbitration court in Brazil has removed US businessman John Textor from managing Botafogo football team, which he …

EU trade chief seeks 'positive traction' on US steel tariffs

Apr 24 2026

The EU is seeking more progress in easing the effects of US steel tariffs, its trade chief Maros Sefcovic said Friday, …

Anthropic says Google to pump $40 bn into AI startup

Apr 24 2026

Google is planning to invest up to $40 billion in Anthropic, the artificial intelligence firm confirmed Friday, …

Envoys from Iran, US expected in Pakistan for new talks

Apr 24 2026

Iran's foreign minister and envoys of US President Donald Trump were heading to Pakistan, their respective governments …

Justice Dept ends criminal probe into US Fed chair Powell

Apr 24 2026

The US Justice Department said Friday it is dropping a criminal probe on Federal Reserve Chair Jerome Powell, paving the …

AI united Altman and Musk, then drove them apart

Apr 24 2026

Elon Musk and Sam Altman bonded over artificial intelligence in a project that became OpenAI, but a clash of visions …

Havana property market stirs as investors bet on political change

Apr 24 2026

Havana's real estate market is showing glimmers of revival as investors bet that a political and economic revolution is …

Battle lines drawn over EU's next big budget

Apr 24 2026

EU leaders had their swords already drawn when they plunged into intense discussions Friday over the 27-country bloc's …

Renewed hopes of Iran peace talks keep oil under $100 per barrel

Apr 24 2026

Oil prices fell on Friday after it appeared a second round of Middle East talks was back on, bolstering prospects for an …

Lebanon truce extended as Pakistan bids to revive US-Iran talks

Apr 24 2026

Israel and Lebanon extended their shaky ceasefire by three weeks on Friday, as Iran's foreign minister prepared for …

Oil prices fall on hopes of fresh Iran peace talks

Apr 24 2026

Oil prices fell on Friday after it appeared a second round of Middle East talks was back on, bolstering prospects for an …

Ryanair says to cut Berlin flights, blaming taxes

Apr 24 2026

Budget airline Ryanair said Friday that it would reduce flights to and from Berlin starting in October and relocate …

From sun to subsoil, how countries are moving away from fossil fuels

Apr 24 2026

Heating with geothermal energy, lighting with solar panels, cooking with biodegradable waste: how can we live with less …

Porsche exits sports car maker Bugatti Rimac

Apr 24 2026

German carmaker Porsche announced on Friday the sale of its stakes in sports car manufacturer Bugatti Rimac to a …

Israel, Lebanon extend ceasefire as Iran peace talks stall

Apr 24 2026

Israel and Lebanon extended their shaky ceasefire by three weeks on Friday, President Donald Trump said, as the United …

Oil extends gains, stocks drop as peace talk hopes fade

Apr 24 2026

Oil prices extended gains Friday and stock markets largely declined as investors worried about a lack of progress in …

Chinese EVs, flying cars take centre stage at world's biggest auto show

Apr 24 2026

Thousands squeezed into the world's biggest car show Friday, snapping selfies beside Chinese electric vehicles as …

Macron says still sees France, Germany developing European fighter jet

Apr 24 2026

French President Emmanuel Macron denied Friday that a troubled fighter jet programme with Germany was dead, telling …

Tesla starts 'robotaxi' production: Musk

Apr 24 2026

Tesla's much-touted autonomous "robotaxi", called the Cybercab, has started production, CEO Elon Musk said on Friday, …

Mideast war drives up condom, rubber glove prices: manufacturers

Apr 24 2026

Prices of rubber products have shot up due to supply chain disruptions stemming from the Middle East war, the world's …

Gulf states in limbo as US-Iran crisis drags on

Apr 24 2026

After weathering unprecedented attacks from Iran, the wealthy Gulf states are now stuck between war and peace as talks …

Musk says Tesla has started 'robotaxi' production

Apr 24 2026

Tesla's much-touted autonomous "robotaxi", called the Cybercab, has started production, CEO Elon Musk said on Friday, …

Five things to know about Chinese AI startup DeepSeek

Apr 24 2026

As DeepSeek releases its first major new artificial intelligence model in over a year -- DeepSeek-V4 -- here are five …

China's DeepSeek releases long-awaited new AI model

Apr 24 2026

Chinese startup DeepSeek released a new artificial intelligence model with "drastically reduced" costs Friday, more than …

Oil extends gains, stocks sink as peace talk hopes fade

Apr 24 2026

Oil prices extended gains Friday and stocks struggled as investors worried about a lack of progress in ending the Middle …

Chinese EV makers take centre stage at world's biggest auto show

Apr 24 2026

Thousands snapped selfies beside sleek Chinese electric vehicles on Friday at the world's biggest car show in Beijing, …

China's top AI players

Apr 24 2026

China's artificial intelligence boom is in full swing, with the release of a new large language model (LLM) by top …

Possible Trump rescue of Spirit Airlines spurs debate

Apr 24 2026

Bargain US carrier Spirit Airlines, which filed for bankruptcy in 2025 for the second time in a year, could be spared by …

China's DeepSeek says releases long-awaited new AI model

Apr 24 2026

Chinese startup DeepSeek released a new artificial intelligence model with "drastically reduced" costs Friday, more than …

US soldier allegedly bet on Maduro operation using intel

Apr 24 2026

A US soldier faces charges for using classified information to bet on online prediction markets related to the US …