Business and Economy
US stocks end mixed as Fed rate cut sparks volatility
AFP - 52m ago
Wall Street stocks finished mixed after the Federal Reserve announced its first interest rate cut of 2025 and signaled …
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Louboutin taps Jaden Smith to lead well-heeled shoemaker's men's line
AFP - 1h ago
Christian Louboutin of scarlet-stiletto fame on Wednesday named Jaden Smith, who has followed in his superstar father …
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US Fed makes first rate cut of 2025 over employment risks
AFP - 1h ago
The US Federal Reserve on Wednesday lowered interest rates for the first time this year, flagging slower job gains and …
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Top music body says AI firms guilty of 'wilful' copyright theft
AFP - 2h ago
AI companies have sucked up the world's entire music catalogue and are guilty of "wilful, commercial-scale copyright …
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US Fed makes first rate cut of 2025 on employment risks
AFP - 1h ago
The US Federal Reserve on Wednesday lowered interest rates for the first time this year, flagging slower job gains and …
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Stocks, dollar calm ahead of expected US rate cut
AFP - 5h ago
Stock markets diverged and the dollar steadied as investors expected the US Federal Reserve to cut interest rates …
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Canada central bank cuts key lending rate citing Trump tariffs
AFP - 5h ago
Canada's central bank cut its key lending rate on Wednesday, offering a boost to borrowers in an economy squeezed by US …
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US Treasury official expected to be named IMF's second-in-command: source
AFP - 6h ago
The US Treasury Department's chief of staff is anticipated to join the International Monetary Fund (IMF) in a key role …
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EU says India's Russia links jeopardise closer ties
AFP - 6h ago
The European Union's top diplomat warned Wednesday that its push for closer ties with India could be hampered by New …
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Nvidia CEO disappointed over China chip ban report
AFP - 7h ago
Nvidia chief executive Jensen Huang on Wednesday said he was disappointed by a report that Beijing has barred major …
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US Fed set for first rate cut of 2025 as Trump pressure looms
AFP - 4h ago
The US Federal Reserve is poised to make its first interest rate cut of 2025 on Wednesday, but it battles competing …
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AI may boost global trade value by nearly 40%: WTO
AFP - 2h ago
Artificial intelligence could boost the value of global trade by almost 40 percent by 2040 thanks to cost reductions and …
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Germany's Merz vows 'autumn of reforms' in turbulent times
AFP - 9h ago
Germany will need sweeping change to remain free and prosperous, Chancellor Friedrich Merz warned Wednesday, calling on …
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EU says India's Russian oil purchases, military drills hinder closer ties
AFP - 2h ago
India's participation in military exercises with Moscow and its purchases of Russian oil "stand in the way of closer …
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Stocks, dollar calm before expected US rate cut
AFP - 2h ago
Stock markets and the dollar steadied as investors expected the US Federal Reserve to cut interest rates Wednesday to …
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Ben & Jerry's co-founder quits, says independence 'gone'
AFP - 10h ago
The co-founder of Ben & Jerry's has resigned from the ice cream brand after saying his company known for its social …
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Nestle share price slips as chairman follows CEO out the door
AFP - 1h ago
Nestle shares slipped on Wednesday after the Swiss food giant announced the earlier-than-expected departure of its …
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India's gaming fans eye illegal sites after gambling ban
AFP - 12h ago
India's ban on online gambling has shuttered a billion-dollar industry serving hundreds of millions of people and …
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Asian stocks swing as traders bide time ahead of US rate decision
AFP - 3h ago
Asian stock markets were mixed as investors bided their time ahead of an expected US interest rate cut on Wednesday.
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UK inflation stable ahead of central bank rate call
AFP - 5h ago
British inflation was unchanged in August, official data showed Wednesday, fuelling expectations that the Bank of …
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Lower shipments to US, China weigh on Singapore August exports
AFP - 7h ago
Singapore's exports slid again in August according to official figures out Wednesday, as shipments to its biggest …
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EU business lobby head says China rare earths snag persists
AFP - 16h ago
European firms still face challenges in securing access to crucial rare earths from China, a business lobby warned …
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Broadway jeering Caesars Times Square casino bet
AFP - 14h ago
The casino industry's quest to bring gambling to Manhattan faces a key test this week when an advisory panel weighs a …
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Trump extends delay on US TikTok ban until mid-December
AFP - 11h ago
US President Donald Trump on Tuesday extended a delay on enforcing a ban against TikTok until December 16, marking the …
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Stocks slip, dollar down as Fed meets on rates
Sep 16 2025
Wall Street stocks ended lower on Tuesday while the dollar slid as the US Federal Reserve began a two-day meeting at …
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IEA says more oil and gas investment may be needed
Sep 16 2025
New oil and gas projects may be necessary to maintain current production levels, the IEA said Tuesday, as it is in a …
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Nestle says chairman Paul Bulcke to step down
Sep 16 2025
Nestle on Tuesday announced that its longtime chairman Paul Bulcke had decided to step down, just weeks after the Swiss …
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US Fed opens key meeting after Trump aide sworn in as governor
Sep 16 2025
The US Federal Reserve started a key interest rate meeting Tuesday, hours after Donald Trump's new appointee narrowly …
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Hollywood giants sue Chinese AI firm over copyright infringement
Sep 16 2025
Top Hollywood studios filed a federal lawsuit Monday against Chinese artificial intelligence company MiniMax, alleging …
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Thyssenkrupp says India's Jindal Steel makes bid for steel business
Sep 16 2025
India's Jindal Steel International has made an offer for Thyssenkrupp's steel division, the German company said Tuesday, …
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US retail sales beat expectations in August despite tariffs
Sep 16 2025
Retail sales in the United States were hotter than expected in August, government data showed Tuesday, although …
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Stocks diverge, dollar down as Fed meets on rates
Sep 16 2025
Wall Street stocks hit fresh record highs on Tuesday as the US Federal Reserve prepared to meet, while the dollar slid.
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Europe slow to match economic rivals US, China: Draghi
Sep 16 2025
The European Union is "failing to match the speed of change" in the United States and China and must act urgently on …
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Asian markets rise as traders prepare for expected US rate cut
Sep 16 2025
Asian stocks advanced again Tuesday to extend another record day on Wall Street as traders locked in bets on a US …
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Lower US tariffs on Japan autos kick in
Sep 16 2025
Lower US tariffs on Japanese autos kicked in on Tuesday, as a relieved Tokyo welcomed the implementation of a trade pact …
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US Senate confirms Trump aide to Fed as politics loom over rate meeting
Sep 16 2025
The US Senate on Monday narrowly cleared President Donald Trump's choice for a key role at the Federal Reserve, as the …
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Protesting Peru residents block trains to Machu Picchu
Sep 16 2025
Train services to the Inca citadel of Machu Picchu, Peru's main tourist attraction, were suspended Monday as protesting …
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Lower US tariffs on Japan autos to take effect Tuesday
Sep 15 2025
Lower US tariffs on Japanese autos are set to take effect this week, a Commerce Department notice confirmed Monday, as …
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Stocks push higher ahead of expected US rate cut
Sep 15 2025
Stock markets mostly rose Monday as traders geared up for an expected interest rate cut by the US Federal Reserve this …
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Lab-grown diamonds robbing southern Africa of riches
Sep 15 2025
Botswana and southern African peers that built much of their prosperity on diamonds are scrambling for alternatives as …
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US Senate poised to advance Trump aide's appointment at Fed
Sep 15 2025
The US Senate is due to vote late Monday on the confirmation of President Donald Trump's choice to join the Federal …
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US, China reach 'framework' deal on TikTok ownership
Sep 15 2025
The United States and China announced a "framework" deal on Monday to resolve their dispute over TikTok that calls for …
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US says 'framework' deal with China on TikTok ownership
Sep 15 2025
The United States announced Monday a "framework" deal with China to resolve their dispute over TikTok that calls for the …
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US announces 'framework' TikTok deal with China
Sep 15 2025
The United States announced Monday a "framework" deal with China to resolve their dispute over TikTok, as a deadline …
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Stocks diverge ahead of expected US rate cut
Sep 15 2025
Stock markets were mixed on Monday as traders geared up for an expected interest rate cut by the US Federal Reserve this …
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WTO fishing deal: the net results
Sep 15 2025
The World Trade Organization's agreement on fisheries subsidies -- its first environmentally focused accord -- entered …
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US 'very close' to TikTok deal with China: US Treasury chief
Sep 15 2025
The United States is "very close" to a deal with China to settle their dispute over TikTok, US Treasury Secretary Scott …
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US-China trade talks resume in Madrid
Sep 15 2025
China and the United States resumed trade talks on Monday in Madrid, seeking to narrow differences on trade and …
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German defence giant Rheinmetall to take over warship maker
Sep 15 2025
Germany's Rheinmetall has struck a deal to take over a warship builder, both companies said, the defence giant's latest …
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Markets mixed ahead of expected US rate cut
Sep 15 2025
Stock markets were mixed on Monday as traders geared up for an expected interest rate cut by the Federal Reserve this …
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Most Asian markets drop ahead of expected US rate cut
Sep 15 2025
Asian markets struggled on Monday as traders geared up for an expected interest rate cut by the Federal Reserve this …
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Chinese factory, consumer activity slow amid economy struggles
Sep 15 2025
China's economy showed further signs of weakness last month, with key data Monday revealing factory output and …
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Asian markets fluctuate ahead of expected US rate cut
Sep 15 2025
Asian markets were mixed Monday as traders geared up for an expected interest rate cut by the Federal Reserve this week.
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Australia's ANZ bank hit with record fine over 'widespread misconduct'
Sep 15 2025
Australia's ANZ, one of the country's "big four" banks, has agreed to pay a record fine of Aus$240 million ($159.5 …
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Trump concerned S. Korean arrests could 'frighten' investors
Sep 14 2025
President Donald Trump on Sunday said foreign workers sent to the United States are "welcome" and he doesn't want to …
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New round of US-China trade talks kicks off in Madrid
Sep 14 2025
China and the United States kicked off the latest round of trade talks on Sunday in Madrid, where they are set to thrash …
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US Fed poised for first rate cut of 2025 as political tension mounts
Sep 14 2025
The US Federal Reserve is widely expected to make its first interest rate cut of the year at its policy meeting this …
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France's new PM courts the left a day after ratings downgrade
Sep 13 2025
France's new Prime Minister Sebastien Lecornu held out an olive branch to the left on Saturday, ruling out his …
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Fitch downgrades France's credit rating in new debt blow
Sep 13 2025
French politicians on Saturday sounded the alarm after the Fitch agency downgraded the country's credit rating, with …
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Fitch downgrades France's credit rating in new debt battle blow
Sep 12 2025
The Fitch agency downgraded France's credit rating on Friday, as President Emmanuel Macron struggles with political …
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Stocks hang onto gains as rate cuts in focus
Sep 12 2025
Global stocks on Friday mostly held onto gains made earlier this week on expectations of a cut to US interest rates.
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US moves to scrap emissions reporting by polluters
Sep 12 2025
The United States moved on Friday to dismantle a "burdensome" federal program that tracks greenhouse gas emissions …
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US to stop collecting emissions data from polluters
Sep 12 2025
The United States moved on Friday to dismantle a "burdensome" federal program that tracks greenhouse gas emissions …
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Boeing defense workers reject deal to end strike
Sep 12 2025
Boeing workers at its St. Louis area defense factories will stay on strike after union members voted Friday to reject a …
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Armani will lays path to potential buyout by rival
Sep 12 2025
Fashion legend Giorgio Armani asked in his will made public Friday for a major luxury group to take a stake in his …
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Norway sovereign wealth fund drops French miner over environmental fears
Sep 12 2025
Norway's sovereign wealth fund said Friday it was excluding French mining company Eramet from its portfolio, citing …
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EU to fast-track review of 2035 combustion-engine ban
Sep 12 2025
The EU pledged Friday to fast-track a review of its plans to end combustion-engine vehicle sales by 2035, after pressure …
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Russia cuts interest rate as economy slows
Sep 12 2025
Russia's central bank on Friday cut its key interest rate, but warned inflation was still too high, amid growing fears …
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Stocks, dollar diverge with focus on rates
Sep 12 2025
Global stocks on Friday mostly held onto gains made earlier this week on expectations of a cut to US interest rates.
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France risks credit downgrade as new PM tackles budget
Sep 12 2025
France on Friday risks a downgrade on its ability to pay back debts, economists said, a move that would further …
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Armani's will lays path to potential buyout by rival
Sep 12 2025
Fashion legend Giorgio Armani asked in his will made public Friday for a major luxury group to take a stake in his …
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Carmakers to push EU for 2035 combustion-engine ban rethink
Sep 12 2025
Europe's biggest carmakers held talks with EU chief Ursula von der Leyen on Friday as the industry pressures the bloc to …
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Russian central bank cuts interest rate as economy slows
Sep 12 2025
Russia's central bank on Friday cut its key interest rate, but warned inflation was still too high, amid growing …
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Microsoft avoids EU antitrust fine with Teams commitments
Sep 12 2025
The EU said Friday it had accepted Microsoft's commitment to more clearly separate the Teams communications app from its …
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S. Koreans greeted with applause at home after US detention
Sep 12 2025
Hundreds of South Korean workers were greeted by applause and tearful relatives Friday when they returned home after …
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Indonesia seizes part of nickel site over forest violations
Sep 12 2025
Indonesian authorities have seized a small section of the world's largest nickel mine for encroaching on forest areas …
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Board of Spain's Sabadell bank rejects BBVA takeover bid
Sep 12 2025
Spanish bank Sabadell on Friday said its board had rejected larger national rival BBVA's hostile takeover bid and urged …
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UK economy stalls in July in fresh government setback
Sep 12 2025
Britain's economy stagnated in July, official data showed Friday, dealing another blow to the Labour government after a …
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Stocks rally into weekend with US rate cut 'seemingly locked in'
Sep 12 2025
Most markets extended gains Friday, tracking record highs across Wall Street, after US inflation and jobs data all but …
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S. Korean workers arrive home after US detention
Sep 12 2025
A specially chartered flight carrying hundreds of South Korean workers detained in a US immigration raid last week …
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UK economy stalls in July
Sep 12 2025
Britain's economy stagnated in July, official data showed Friday, dealing another blow to the Labour government at the …
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US tariffs deal stokes 'monster' pick-up fears in Europe
Sep 12 2025
Considered powerful, heavy-duty vehicles by their fans and dangerous gas-guzzling "monsters" by detractors -- could …
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Ukraine's energy strikes hit Russians at the pump
Sep 12 2025
Watching the price tick higher as he filled up his car, Russian pensioner Oleg railed against the recent surge in petrol …
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Asian stocks surge into weekend with US rate cut 'seemingly locked in'
Sep 12 2025
Asian markets surged again Friday, tracking record highs across Wall Street, after US inflation and jobs data all but …
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S. Korea workers head home after US immigration raid
Sep 12 2025
Hundreds of South Korean workers were headed back to Seoul on Friday after their detention in a US immigration raid that …
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Global stocks rise as US inflation data hits forecast
Sep 11 2025
Global stock markets rose on Thursday as US inflation data came in as anticipated, reinforcing the prospect of a Federal …
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Global stocks rise as no surprise on US inflation data
Sep 11 2025
Global stock markets rose on Thursday as US inflation data that came in as expected reinforced the prospect of a Federal …
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US consumer inflation heats up but unlikely to deter rate cut
Sep 11 2025
US consumer inflation rose last month to its highest level since January, government data showed Thursday, although …
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ECB seeks to ease jitters over France crisis
Sep 11 2025
European Central Bank chief Christine Lagarde said Thursday she was "confident" officials would seek to reduce …
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ECB holds rates as France crisis looms over meeting
Sep 11 2025
The European Central Bank held interest rates steady again Thursday with inflation under control and trade tensions …
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Robot dogs, flying cars: five takeaways from the Munich auto show
Sep 11 2025
From "flying cars" to robots and self-driving buses, here are some of the innovations spotted at this week's Munich auto …
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Stocks up before US inflation, ECB rate call
Sep 11 2025
European and Asian stock markets rose Thursday as traders awaited more US inflation data and the European Central Bank's …
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'Why not?' Europeans warming up to Chinese electric cars
Sep 11 2025
Checking out an electric vehicle made by China's BYD at the Munich auto show, German designer Tayo Osobu was impressed …
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Mexico, under US pressure, mulls 50% tariff on Chinese cars
Sep 11 2025
Mexico, under pressure not to serve as a back door for Chinese goods entering the United States, has proposed a 50 …
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Most markets rise as US producer price data stokes rate cut bets
Sep 11 2025
Asian and European equities mostly rose Thursday as investors built on this week's rally after US data ramped up …
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China-US talks mark a 'small step' towards Xi meeting Trump
Sep 11 2025
Back-to-back talks between the United States and China's top diplomats and defence chiefs could mark "a small step" …
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France political crisis looms over ECB meeting
Sep 11 2025
France's political crisis will likely take centre stage at a European Central Bank meeting Thursday, with turmoil in the …
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Markets mostly up as US producer price data stokes rate cut bets
Sep 11 2025
Asian equities mostly rose Thursday as investors built on this week's rally after US data ramped up expectations for a …
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Musk's title of richest person challenged by Oracle's Ellison
Sep 11 2025
Billionaire Elon Musk is at risk of losing his title as the world's wealthiest person to Oracle co-founder Larry …
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Under US pressure, Mexico mulling 50% tariff on Chinese cars
Sep 10 2025
Mexico, under pressure not to serve as a back door for Chinese goods entering the United States, has proposed a …
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S&P 500 ends at record as markets await key US consumer price data
Sep 10 2025
The S&P 500 rose to a fresh record Wednesday behind a surge in Oracle shares as markets looked ahead to key consumer …
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Union to vote on deal to end strike at Boeing defense branch
Sep 10 2025
Labor leaders reached a tentative agreement with Boeing that could resolve a strike in the aviation giant's defense …
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