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Featured

Palantir chief says France's digital sovereignty push 'backfiring'

Palantir chief executive Alex Karp said Wednesday that French regulatory restrictions, including limiting government use of US-made software, were proving counterproductive.

US energy firms dominate Venezuela deals worth billions

US energy firms on Wednesday signed a raft of multibillion-dollar deals with Venezuela, days after the South American country agreed to grant the United States control of a huge chunk of its vast oil reserves.

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China will come to standstill for late leader Jiang's memorial

Sirens will wail across China as the country comes to a standstill Tuesday during a public memorial service for former leader Jiang Zemin, who died last week at the age of 96.

US stocks slide on Fed worries as Asian bourses rally

US stocks fell Monday on worries the Federal Reserve will prolong aggressive policies to counter inflation, while Asian bourses rallied on signs China is pivoting from its zero-tolerance Covid policies.

NASA's Orion spaceship slingshots around Moon, heads for home

NASA's Orion spaceship made a close pass of the Moon and used a gravity assist to whip itself back towards Earth on Monday, marking the start of the return journey for the Artemis-1 mission.

Back in vogue: crisis-hit Venezuela vamps up fashion industry

With a series of vibrant evening dresses and urban futuristic metallic ensembles, designers at a Venezuelan fashion week sought to revive an industry in the doldrums after years of economic turmoil.

Stocks retreat on interest rate worries

US stocks fell on Monday as resilient economic data fuelled concerns that the Federal Reserve may not be able to relent on interest rate hikes.

Apple faces critics over its privacy policies

Apple presents itself as a white knight on the subject of privacy, but critics say its own advertising ambitions are built on anti-competitive practices.

Oil jumps on China easing Covid restrictions, Russia price cap

World oil prices rallied Monday after more easing of strict Covid containment measures in China and as a price cap on Russian crude agreed by the EU, G7 and Australia came into force.

Oil jumps on China easing of Covid restrictions, Russia price cap

World oil prices rallied Monday after more easing of strict Covid containment measures in China and as a price cap on Russian crude agreed by the EU, G7 and Australia came into force.

Taiwanese iPhone maker seeks to restore production after protests

Taiwanese tech giant and key Apple supplier Foxconn said Monday it was hiring new workers and moving towards "restoring production capacity to normal" following violent clashes at its central China plant last month.

Iran judiciary seals businesses of football legend Daei: media

Iran has sealed a jewellery shop and restaurant belonging to football legend Ali Daei, after he backed protesters' calls for strikes this week, local media reported on Monday.

How Paris cinemas are surviving

Spinning once again, the sign above France's biggest cinema, the Grand Rex, is testament to how well Paris venues have weathered the twin threats of streaming and the pandemic.

Russian oil price cap put to the test

The price cap on Russian oil agreed by the EU, G7 and Australia came into force on Monday. It aims to restrict Russia's revenue as punishment for its invasion of Ukraine, while making sure Moscow keeps supplying the global market.

Vodafone CEO to step down after four years at helm

Vodafone chief executive Nick Read is stepping down, the British telecoms group said Monday, after a four-year tenure marked by a steep fall in the company's share price.

Stocks rise as China eases more Covid measures

Most stocks rose on Monday as traders welcomed more easing of strict Covid containment measures in China that have hammered the world's number-two economy.

Ghana offers local debt swap as part of IMF talks

Ghana offered investors a domestic debt swap on Monday to ease a crunch in payments as the government negotiates an IMF bailout during its worse economic crisis in decades.

Asian stocks rise as China eases more Covid measures

Stocks rose on Monday as traders welcomed more easing of strict Covid containment measures in China that have hammered the world's number-two economy.

Ex-Wirecard CEO goes on trial over 'unparalleled' fraud

Ex-Wirecard CEO Markus Braun goes on trial in Munich this week for his role in the collapse of the once celebrated payments firm, brought down by the biggest accounting fraud scandal in German corporate history.

Five things to know about the Wirecard scandal

More than two years after the dramatic collapse of German digital payments firm Wirecard, ex-CEO Markus Braun and two former managers will go on trial for fraud.

Records that tumbled in 2022

From roasting temperatures to rocketing energy prices and millions of refugees fleeing Ukraine, 2022 was a year of extremes.

Tunisians dream of moving to Germany as crisis bites

Germany is becoming a key destination for disillusioned young Tunisians despite a language barrier and the North African nation's long history of ties with France.

Egypt dusts off pyramids for fashion, pop and art shows

Egypt is using the ancient grandeur of its pyramids as a backdrop for modern pop concerts and fashion shows, hoping to boost its image, tourism and the luxury brand sector beloved by its moneyed elite.

Asian stocks up, dollar down as China eases more Covid measures

Asian stocks rose and the dollar weakened further as traders welcomed more easing of strict Covid containment measures in China that have hammered the world's number-two economy.

UN agency seeks FIFA deal for World Cup labour rights role

After fierce criticism of the Qatar World Cup, the head of the UN labour agency on Sunday pressed FIFA's president for a greater role scrutinizing future World Cup hosts.

Wenger takes swipe at World Cup teams 'focused on demonstrations'

Arsene Wenger said on Sunday that teams who focused on football rather than "political demonstrations" fared better in the opening round at the World Cup.

More than 500 Ukrainian localities without power: ministry

More than 500 Ukrainian localities remained without power Sunday following weeks of Russian airstrikes on the electric grid, an interior ministry official said.

As chatbot sophistication grows, AI debate intensifies

California start-up OpenAI has released a chatbot capable of answering a variety of questions, but its impressive performance has reopened the debate on the risks linked to artificial intelligence (AI) technologies.

Russia denounces oil price cap agreed by EU, G7

Russia on Saturday denounced a $60 price cap on its oil agreed by the EU, G7 and Australia, even as Ukraine suggested it was not tough enough and might have to be revisited.

Scandal-hit S. African President Ramaphosa seeks to hang on to power

South Africa's President Cyril Ramaphosa, embroiled in scandal and under threat of impeachment, has no intention of resigning and will fight both politically and judicially, people close to him said Saturday.

Ukraine welcomes Russian oil price cap agreed by EU, G7

Ukraine on Saturday welcomed a $60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would "destroy" Russia's economy.

On Ischia, illegal construction blamed for deadly landslide

Ischia, the little Italian island hit by a deadly landslide last weekend, is a victim of geography and weather but also of illegal construction, experts and politicians agree.

Global stocks mixed after strong US jobs data

Stock markets were mixed Friday after strong US jobs data raised concerns that the US Federal Reserve may continue to aggressively hike interest rates to tame inflation.

US green plan should be 'wake-up call' for EU industry: French minister

French Finance Minister Bruno Le Maire on Friday said Washington's $430 billion plan to spur climate-friendly technologies in the United States must be seen as a wake-up call for Europe.

Portugal Colonial - Economy (English)