Business and Economy
Xi says China must 'overcome' AI chip challenges
AFP - 4h ago
President Xi Jinping said China must "overcome" the challenges of developing core AI technologies including high-end …
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India and Pakistan's Kashmir fallout hits economy too
AFP - 7h ago
Rapidly deteriorating relations between India and Pakistan over a deadly shooting in Kashmir are starting to have small …
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Developing countries should fast-track US trade deals: World Bank president
AFP - 8h ago
Developing countries should strike swift trade deals with the United States at the "earliest possible" opportunity, the …
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Trump tariff promises get a reality check
Apr 25 2025
A gathering of global economic leaders in Washington wraps up Saturday with tariff talks between the United States and …
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US stocks extend rally as market eyes busy calendar next week
Apr 25 2025
Wall Street stocks overcame early weakness Friday to push higher for a fourth straight positive session, following gains …
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IMF chief hails 'constructive' Spring Meetings held under tariff uncertainty
Apr 25 2025
The head of the International Monetary Fund said Friday that financial leaders meeting in Washington this week had shown …
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Bayer says legal woes could force it to pull weedkiller
Apr 25 2025
German pharmaceuticals and agrichemicals firm Bayer said Friday it could be forced to pull its Roundup weedkiller from …
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Wall Street stock rally falters as Trump touts 50% tariff victory
Apr 25 2025
Wall Street stock markets wobbled Friday after President Donald Trump indicated he envisages stiff US tariffs even after …
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German prosecutors seek jail terms in VW 'dieselgate' trial
Apr 25 2025
German prosecutors asked for jail sentences Friday in the trial of four former Volkswagen managers accused of fraud in …
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EU, US should de-escalate and negotiate trade deal: IMF Europe director
Apr 25 2025
The United States and European Union need to "de-escalate" and "negotiate a deal" to help boost lackluster growth on the …
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Lego block: Dutch court rules mould maker can't use toy trademark
Apr 25 2025
A Dutch court Friday ordered a local concrete block mould manufacturer to scrap the word "Lego" on its website, saying …
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Russia holds key rate at two-decade high despite slowdown fears
Apr 25 2025
Russia's central bank kept borrowing costs at a two-decade high of 21 percent on Friday to combat rampant inflation, …
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Trump claims China's Xi called him on tariffs
Apr 25 2025
US President Donald Trump has insisted Chinese leader Xi Jinping called him despite Beijing denials of any contact …
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TikTok videos exploit trade war to sell fake luxury goods
Apr 25 2025
TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can …
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Stock markets rise on hopes of easing trade tensions
Apr 25 2025
Asian and European stocks climbed on Friday, buoyed by a rally on Wall Street, strong earnings from Google parent …
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China's top leaders pledge economic support as trade war rages
Apr 25 2025
China's top leaders pledged on Friday to step up support for the economy and oppose "unilateral bullying" in global …
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Arms maker Saab posts record sales as Europe rearms
Apr 25 2025
Swedish defence group Saab on Friday reported soaring quarterly earnings and record sales as European countries beef up …
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Asian and European stocks rise in wake of Wall Street rally
Apr 25 2025
Asian and European stocks climbed on Friday, buoyed by a rally on Wall Street and the prospect of trade deals …
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Asia stocks rise in wake of Wall Street rally
Apr 25 2025
Asian stocks climbed on Friday, buoyed by a rally on Wall Street and the prospect of trade deals progressing between the …
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Trump signs order to ramp up US deep-sea mining
Apr 25 2025
President Donald Trump has defied international norms on the nascent field of deep-sea mining, signing an executive …
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Alphabet quarterly earnings lifted by cloud and AI
Apr 25 2025
Google parent Alphabet on Thursday reported profit of $34.5 billion in the recently ended quarter, powered by its cloud …
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Intel chief vows to thin ranks at US chip maker
Apr 25 2025
New Intel chief executive Lip-Bu Tan on Thursday announced upcoming layoffs at the struggling US chip maker as White …
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Stocks rally rolls on in US, mixed elsewhere
Apr 24 2025
Wall Street stocks pushed higher for a third day on Thursday but the rally fizzled elsewhere as China poured cold water …
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EU still far from tariff deal with US: French minister
Apr 24 2025
The European Union and United States are far from reaching a deal on tariffs, France's economy minister said Thursday, …
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Panama president says moving toward reopening contested mine
Apr 24 2025
Panamanian President Jose Raul Mulino said Thursday that his government was working toward the reopening of Central …
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Trump trade deals appear distant as tariff tensions simmer
Apr 24 2025
US President Donald Trump's promises of securing trade deals with major partners took another blow Thursday, with a …
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Trump tariff talks are prolonging uncertainty: S.Africa central bank chair
Apr 24 2025
The central bank governor of G20 chair South Africa warned Thursday that the ongoing trade talks sparked by US President …
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Corona beer maker Modelo says to invest $3.6 bn in Mexico
Apr 24 2025
Grupo Modelo, the producer of Corona and other Mexican beer brands, said Thursday that it would invest more than $3.6 …
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American Airlines pulls 2025 forecast on economic uncertainty
Apr 24 2025
American Airlines withdrew its full-year profit forecast Thursday, citing economic uncertainty that has clouded its …
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US opposes 'dangerous' anti-fossil fuel policies at global summit
Apr 24 2025
An international summit on the future of energy security opened in London on Thursday with stark opposition from …
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Stocks rally rolls on in US, fizzles elsewhere
Apr 24 2025
Wall Street stocks pushed higher for a third day on Thursday but the rally fizzled elsewhere as China poured cold water …
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European carmakers on China charm offensive as sales droop
Apr 24 2025
Once blithely dominant in China, European automakers are now launching full-fledged charm offensives at consumers in the …
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Trump should be 'free' to criticize the Fed, senior official says
Apr 24 2025
President Donald Trump should be free to voice his opinion about the US Federal Reserve, a senior bank official said …
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US existing home sales see biggest drop since 2022
Apr 24 2025
Sales of existing US homes pulled back more than expected in March, logging their biggest drop since late-2022 according …
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Germany expects zero GDP growth this year, blames Trump tariffs
Apr 24 2025
Germany's economy is expected to post zero growth this year, outgoing Economy Minister Robert Habeck said Thursday, …
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'Made in America' lingerie squeezed by Trump's tariffs
Apr 24 2025
After years spent working in sweatshops in California, Francisco Tzul got a job at a trendy lingerie brand that prides …
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US Treasury chief raised 'important issues' in IMF criticism: Georgieva
Apr 24 2025
US Treasury Secretary Scott Bessent's criticism of the International Monetary Fund raised "a number of important issues" …
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US existing home sales retreat more than expected in March
Apr 24 2025
Sales of existing US homes pulled back more than expected in March, according to industry data released Thursday, as …
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Stocks rally fades along with hopes of quick US-China trade deal
Apr 24 2025
A rally on global stock markets fizzled Thursday as China poured cold water on US President Donald Trump's comments …
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Warning lights flash at Nissan after monster profit warning
Apr 24 2025
The road ahead looks treacherous for Nissan after the Japanese auto giant predicted an enormous loss just as US …
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P&G cuts outlook as consumers pull back amid tariffs
Apr 24 2025
Procter & Gamble cut its sales and profit forecast Thursday, citing a pullback in consumer behavior as uncertainty over …
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Pope's death sparks betting frenzy for successor
Apr 24 2025
The date when Catholic cardinals will gather to select Pope Francis's successor is not yet known. But bookmakers and …
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Nissan forecasts huge annual net loss of up to $5.3 bn
Apr 24 2025
Struggling Japanese auto giant Nissan issued a stark profit warning on Thursday, forecasting a huge loss of up to $5.3 …
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Stock markets mostly fall as hopes of US-China trade deal dampen
Apr 24 2025
Stock markets were mostly lower on Thursday as China poured cold water on US President Donald Trump's comments talking …
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Asian markets mixed as China dispels Trump talk of tariff negotiations
Apr 24 2025
Asian markets were mixed on Thursday as China poured cold water on US President Donald Trump's comments talking up the …
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Americans wary of Trump's economic about-faces
Apr 24 2025
President Donald Trump's various U-turns are leaving Americans disillusioned -- especially after he was elected on vows …
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Tesla's EU sales plunge as Musk takes flak
Apr 24 2025
Tesla electric car sales in Europe plunged in the first three months of the year, industry data showed Thursday, in a …
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Asian markets mixed as Trump soothes Fed fears
Apr 24 2025
Asian markets were mixed on Thursday after President Donald Trump said he had "no intention" of firing the US central …
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Asian markets mostly up as Trump soothes Fed fears
Apr 24 2025
Asian markets were mixed on Thursday after President Donald Trump said he had "no intention" of firing the US central …
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Australia to stockpile critical minerals in strategic reserve
Apr 24 2025
Australia will stockpile critical minerals in a new strategic reserve, Prime Minister Anthony Albanese said Thursday, as …
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S. Korea's economy shrinks in first quarter as trade war hits exports
Apr 24 2025
South Korea's economy unexpectedly contracted 0.1 percent in the first three months of this year, the country's central …
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Chinese business in Vietnam struggles with Trump tariffs uncertainty
Apr 24 2025
A year ago Zhang Chundong helped the firm he manages expand into Vietnam, part of a wave of Chinese businesses to choose …
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Bessent says 'no currency targets' in Japan tariff talks
Apr 24 2025
US Treasury Secretary Scott Bessent said Wednesday that Washington has "no currency targets" in its talks with Japan on …
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SK hynix posts record profits thanks to strong AI demand
Apr 24 2025
South Korean chip giant SK hynix reported record quarterly profits Thursday thanks to soaring global demand for …
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Nintendo bullish on Switch 2 pre-sales in Japan
Apr 24 2025
Nintendo shares surged Thursday after the gaming giant boasted of higher than expected demand in Japan for pre-orders of …
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Trump seeks 'fair deal' with China but pathway unclear
Apr 24 2025
US President Donald Trump on Wednesday played up prospects of a "fair deal" on trade with China, but his top officials …
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YouTube says more than 20 billion videos uploaded in 20 years
Apr 24 2025
YouTube on Wednesday celebrated more than 20 billion videos being uploaded to the platform since the first clip debuted …
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EU slaps fines on Apple and Meta, risking Trump fury
Apr 24 2025
The EU on Wednesday slapped Apple and Meta with 700 million euros in fines for breaking digital competition rules, …
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12 US states sue over Trump's tariffs
Apr 23 2025
A coalition of 12 American states filed a lawsuit Wednesday to challenge the Trump administration's tariffs, saying the …
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WEF confirms investigation into claims against founder Schwab
Apr 23 2025
The World Economic Forum said Wednesday it has launched an investigation into fraud allegations against its founder …
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Boeing says China not accepting planes over US tariffs
Apr 23 2025
Boeing's CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China trade war, as the …
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Stocks rally as Trump soothes fears over China trade, Fed
Apr 23 2025
A relief rally swept global equity markets Wednesday as comments by US President Donald Trump that he had "no intention" …
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Trump's popularity with US voters slumps in opinion polls
Apr 23 2025
US President Donald Trump's popularity has sunk since his riotous return to the White House, polls showed Wednesday, …
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US Treasury chief says IMF, World Bank must be 'fit for purpose'
Apr 23 2025
The International Monetary Fund and the World Bank "must be made fit for purpose again," US Treasury Secretary Scott …
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French president announces economic deals with Madagascar
Apr 23 2025
France and Madagascar announced Wednesday they would strengthen economic cooperation through several ambitious projects, …
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Auto Shanghai showcases new EV era despite tariff speedbumps
Apr 23 2025
The world's largest auto expo opened its doors Wednesday in Shanghai, showcasing the new electric world order even as …
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200 French media groups sue Meta over 'unlawful' advertising: lawyers
Apr 23 2025
Around 200 French media groups, including leading television channels and newspapers, are taking legal action against …
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IMF warns of 'intensified' risks to public finances amid US trade war
Apr 23 2025
Donald Trump's tariff plans have increased the risks to public finances, the International Monetary Fund said Wednesday, …
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IMF warns of 'intensified' risks to outlook for public finances
Apr 23 2025
Donald Trump's tariff plans have increased the risks to public finances, the International Monetary Fund said Wednesday, …
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China says 'door open' to trade talks after Trump signals tariffs will fall
Apr 23 2025
China said on Wednesday the door was "wide open" for trade talks with Washington, a day after US President Donald Trump …
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Stocks rally as Trump comments ease Fed, China trade fears
Apr 23 2025
Equities rallied with Wall Street on Wednesday after Donald Trump said he had "no intention" of firing the head of the …
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Trump says won't fire Fed chief, signals China tariffs will come down
Apr 23 2025
Donald Trump said Tuesday he had no intention of firing the chair of the US Federal Reserve and signalled a …
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IMF slashes global growth outlook on impact of Trump tariffs
Apr 23 2025
The International Monetary Fund on Tuesday slashed its forecast for global growth this year and warned of an increase in …
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Asian markets rally as Trump comments ease Fed, China trade fears
Apr 23 2025
Asian stocks rallied with Wall Street on Wednesday after Donald Trump said he had "no intention" of firing the head of …
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Trial testimony reveals OpenAI interest in Chrome: reports
Apr 23 2025
OpenAI is ready to buy Chrome if Google is forced to sell its popular browser as part of antitrust trial, a top …
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Moving fast and breaking everything: Musk's rampage through US govt
Apr 23 2025
In Silicon Valley, they talk about "moving fast and breaking things." In Washington, these days, they call it Elon Musk …
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Musk to reduce White House role as Tesla profits plunge
Apr 23 2025
Elon Musk will significantly scale back his Trump administration work in May to focus on Tesla, the billionaire …
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Trump says has 'no intention' of firing Fed chief
Apr 22 2025
US President Donald Trump said Tuesday he had no plans to fire the Federal Reserve chief, in apparently conciliatory …
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Jury finds New York Times did not libel Sarah Palin
Apr 22 2025
A US jury found Tuesday that The New York Times did not libel former Alaska governor and vice presidential candidate …
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US Treasury chief expects China tariff impasse to de-escalate
Apr 22 2025
The trade standoff between Washington and Beijing is not sustainable, the US Treasury chief said Tuesday, as President …
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Tesla says profits plunge 71%, warns of 'changing political sentiment'
Apr 22 2025
Tesla reported a 71 percent drop in first-quarter profits Tuesday in results that lagged analyst estimates as Elon …
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Volkswagen unveils its electric counter-offensive in China
Apr 22 2025
The Volkswagen group on Tuesday unveiled a series of new vehicles and a driver assistance system built "in China for …
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ECB's Lagarde hopes Trump won't fire US Fed chief Powell
Apr 22 2025
European Central Bank chief Christine Lagarde said Tuesday that she hoped US President Donald Trump would not oust the …
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Gold hits record as Trump fuels Fed fears, Wall Street rebounds
Apr 22 2025
Gold reached $3,500 an ounce for the first time Tuesday as US President Donald Trump's tariffs and verbal assault on the …
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BASF exits Xinjiang ventures after Uyghur abuse reports
Apr 22 2025
German chemicals giant BASF said Tuesday it had exited two joint ventures in China's Xinjiang region after its local …
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Nordics, Lithuania plan joint purchase of combat vehicles
Apr 22 2025
Sweden, Finland, Norway and Lithuania plan to beef up military capabilities around the Baltic Sea with a joint order for …
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Gold hits record, stocks diverge as Trump fuels Fed fears
Apr 22 2025
Gold reached $3,500 an ounce for the first time Tuesday as US President Donald Trump's tariffs and verbal assault on the …
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World could boost growth by reducing trade doubt: IMF chief economist
Apr 22 2025
Policymakers should find a way to reduce the uncertainty over trade policy kicked up by Donald Trump's tariff plans in …
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IMF slashes global growth outlook on impact of US tariffs
Apr 22 2025
The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the effect of US …
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IMF slashes China growth forecasts as trade war deepens
Apr 22 2025
The IMF said Tuesday it now believed China's economy will only grow by four percent this year, well below Beijing's …
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Gold hits record, stocks mixed as Trump fuels Fed fears
Apr 22 2025
Gold reached $3,500 an ounce for the first time Tuesday as US President Donald Trump's tariffs and verbal assault on the …
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Roche says will invest $50 bn in US, as tariff war uncertainty swells
Apr 22 2025
Swiss pharmaceutical giant Roche on Tuesday announced plans to invest $50 billion in the United States over the next …
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US official asserts Trump's agenda in tariff-hit Southeast Asia
Apr 22 2025
The first US official to visit Southeast Asia since Washington announced punitive tariffs on the region's countries on …
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Roche says will invest $50 bn in US over next five years
Apr 22 2025
Swiss pharmaceutical giant Roche on Tuesday announced plans to invest $50 billion in the United States over the next …
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Can Europe's richest family turn Paris into a city of football rivals?
Apr 22 2025
Paris has everything -- stunning architecture and arguably the best food and fashion in the world. But the French …
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US to impose new duties on solar imports from Southeast Asia
Apr 22 2025
The United States on Monday announced its intention to impose tariffs of up to 3,521 percent on solar panels from …
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Auto Shanghai to showcase electric competition at sector's new frontier
Apr 22 2025
The world's biggest auto show opens Wednesday in Shanghai, with foreign carmakers raring to show they can compete …
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Gold hits record, stocks slip as Trump fuels Fed fears
Apr 22 2025
Bullion hit another record Tuesday while the dollar steadied and equities mostly fell as Donald Trump's latest salvo …
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Woe is the pinata, a casualty of Trump trade war
Apr 22 2025
The humble pinata has become one of the latest targets to take a whacking in US President Donald Trump's trade war.
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Trump tariffs torch chances of meeting with China's Xi
Apr 22 2025
With his storm of tariffs on Chinese goods, US President Donald Trump has torched ties with Beijing and likely wrecked …
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US urges curb of Google's search dominance as AI looms
Apr 22 2025
US government attorneys urged a federal judge Monday to make Google spin off its Chrome browser, arguing artificial …
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US VP Vance meets Indian PM Modi for tough talks on trade
Apr 21 2025
US Vice President JD Vance met with Indian Prime Minister Narendra Modi after a red carpet welcome in New Delhi on …
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