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China's help critical, but unlikely, for US to choke off Iran

The United States has threatened the "economic asphyxiation" of Iran, but analysts say that a successful chokehold would require unlikely cooperation from China.

US court rules Pentagon ban of Anthropic unlawful

A US federal judge ruled Thursday that sanctions imposed in February by the Trump administration against AI giant Anthropic were illegal, finding that the government had punished the artificial intelligence company for publicly criticizing the Pentagon.

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UBS to absorb Credit Suisse domestic unit, eyes billions in cost savings

Banking giant UBS said Thursday it would fully absorb the Swiss unit of its recently-swallowed rival Credit Suisse into its operations, without spelling out the implications for job cuts.

First strike in six decades closes famous Japan department store

The shutters were down on one of Japan's best-known department stores on Thursday in the sector's first strike for six decades, sparked by fears that its mooted new US owner will slash jobs.

Chinese developer Country Garden faces crunch vote on debt repayment

China's biggest developer Country Garden on Thursday faces a crunch vote on extending debt repayment terms that could determine whether it defaults, plunging the country's property market deeper into turmoil.

China factory activity contracts for fifth straight month in August

China's factory activity contracted for a fifth straight month in August, official data showed on Thursday, as pressure mounts on Beijing to offer more policy support to bolster its sluggish economy.

China's Baidu rolls out ChatGPT rival to public

China's Baidu rolled out its ChatGPT rival ERNIE Bot to the public on Thursday, in a major leap for the country's tech sector as it aims to cash in on the global artificial intelligence gold rush.

Asian markets mixed ahead of key US inflation report

Markets were mixed Thursday as investors struggled to maintain momentum from Wall Street's rally, even after fresh data reinforced optimism the Federal Reserve will be able to hold off any more interest rate hikes this year.

Chinese developer Country Garden reports $6.7 bn loss

Embattled Chinese developer Country Garden reported a 48.9 billion yuan ($6.7 billion) loss for the first half of the year in a stock exchange filing Wednesday, adding to worries of a potentially catastrophic default.

France calls for minimum price on European flights

France's transport minister called Wednesday for a minimum price for plane flights in Europe to battle climate change.

CNN names media veteran Mark Thompson new CEO

CNN announced Wednesday that British media veteran Mark Thompson would assume the role of its next CEO, as the news outlet struggles to reverse a ratings decline.

China developer Country Garden reports $6.7 bn half-year losses

China's debt-hit real estate giant Country Garden reported half-year losses of 48.9 billion yuan ($6.7 billion) in a stock exchange filing Wednesday, as it flirts with a potentially catastrophic default.

'I stand by my opinion': Russian on trial for critical Ukraine interview

A Russian man prosecuted for giving a spontaneous street comment criticising the Kremlin's Ukraine offensive to foreign media said he stood by his words during his trial Wednesday, despite facing up to 10 years in prison.

Ukraine says gains on southern front pave way to Crimea

Ukraine said Wednesday that its recapture of Robotyne village this week was a strategic victory paving the way for its forces to push deeper into Russian positions in the south towards Crimea.

Stock markets diverge as rally fades

Stock markets diverged Wednesday as a global rally faded despite more data that soothed fears of a further rise in US interest rates.

Airlines count cost of UK traffic control failure

The worst disruption to UK air traffic control in almost a decade following a technical fault risks costing carriers around £100 million, the head of global airline body IATA estimated Wednesday.

US private hiring cools as leisure and hospitality boom fades

Private sector hiring in the United States slowed more than expected in August, according to data from payroll firm ADP on Wednesday, as a boom from the leisure and hospitality sectors faded.

European stock markets diverge as rally fades

Europe's main stock markets diverged Wednesday after a global rally faded.

US says its firms could deem Chinese business environment 'too risky'

Business in China could become "too risky" for US firms without changes to the regulatory environment, Commerce Secretary Gina Raimondo warned Wednesday as she wrapped up a visit to the world's second-largest economy.

Iran steps up crackdown ahead of Amini anniversary: activists

Iran is ratcheting up a crackdown ahead of the one-year anniversary of the death of Mahsa Amini, arresting prominent personalities, campaigners and relatives of those killed by security forces in protests last year, activists say.

'La La Land' director hopes 'some good' will come of Hollywood strike

Damien Chazelle, who heads the jury at the Venice Film Festival that kicks off Wednesday, told AFP he hopes Hollywood will get over its current crisis and said he was confident that movies will survive the AI revolution.

US says seeking more 'predictable' business environment in China

The United States wants to work with China to ensure a more "predictable" environment for American businesses in Shanghai, Commerce Secretary Gina Raimondo told officials in the economic hub on Wednesday.

Sex, lies and social media: Women face tough fight in African politics

Soon after Judy Kengo was sworn into office last year, the Kenyan legislator faced her first public test when a doctored photo of a lookalike kissing another woman surfaced online.

Strike-hit German stunt performers train kids during filming freeze

Ten-year-old Nathaniel squeezes his eyes shut, straightens his back and sucks in his breath as he plunges backward from the reinforced steel roof of a stunt car.

Equities extend gains on US jobs data, China hopes

Asian investors on Wednesday tracked a rally on Wall Street as a softer-than-expected report on US job openings soothed fears the Federal Reserve will hike interest rates again.

Australia to hold Indigenous rights referendum on Oct 14

Australia will hold a historic Indigenous rights referendum on October 14, Prime Minister Anthony Albanese said Wednesday, setting up a defining moment in the nation's relationship with its Aboriginal minority.

Hollywood strike saps glamour from 80th Venice Film Festival

A historic Hollywood strike robbed the Venice Film Festival of some of its usual glitz as it launched its 80th edition on Wednesday, but a raft of big-name -- and controversial -- directors are keeping the film world buzzing.

Stocks dragged further by US rate worry, China gloom

Asian markets mostly fell Friday on growing worries of another Federal Reserve interest rate hike and deepening concerns about China's economy, with the country's property crisis once again adding an extra layer of jeopardy.

Stocks dragged further down by US rate worry, China gloom

Wet July dampens UK retail sales, spending outlook

British retail sales fell more than expected in July, official data showed Friday, with poor weather blamed for the setback as the country tries to revive its flagging economy.

Demise of England's 'Crooked House' shows pubs in peril

With a 15-degree list making one end four feet (1.2 metres) lower than the other, the historic Crooked House pub looked as if could topple over at any minute.

Japanese turn to wearable tech to beat the heat

Selling jackets with built-in fans, neck coolers and T-shirts that feel cold, Japanese firms are tapping into a growing market for products to help people handle the summer heat.

Brazilian jiujitsu offers lifeline to Rio favela kids

In a hilltop slum crammed between two of Rio de Janeiro's wealthiest neighborhoods, children practice Brazilian jiujitsu, hoping to follow in the footsteps of the black belts whose graffiti portraits decorate their gym's walls.

Chinese developer Evergrande files for bankruptcy protection

Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it attempts to restructure.

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