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Featured

Oil giants report blowout profits on war, warn high gas prices could persist

US petroleum giants ExxonMobil and Chevron released blowout profits Friday due to the Middle East war, as executives cautioned that elevated gasoline prices will probably continue to strain consumers.

Hungary to shut nuclear plant as heatwave hits central Europe

Hungary's sole nuclear power plant will be shut down next week because of low water levels in the river Danube, Prime Minister Peter Magyar said Friday as central Europe slogs through the latest in a series of heatwaves.

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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.

Global stocks extend gains as US data reassures

Stock markets extended a global rally Tuesday as the first of a series of data due out this week gave no reason for the US Federal Reserve to hike interest rates further.

Von der Leyen backs Dutch FM Hoekstra for EU climate post

EU chief Ursula von der Leyen gave her backing Tuesday to the Dutch foreign minister to fill a vacant post on the European Commission, saying Wopke Hoekstra would take up a climate brief.

Kenya Airways losses deepen on weaker shilling

Kenya's struggling national carrier Kenya Airways on Tuesday reported a surge in losses in the first half of the financial year due to increased foreign exchange and borrowing costs.

3M to settle US veterans hearing loss lawsuits for $6 bn

Manufacturing giant 3M said Tuesday it has reached a $6 billion settlement over claims by US military veterans that its earplugs were faulty and failed to protect their hearing.

Stocks extend gains before key US data

Stock markets extended a global rally Tuesday ahead of US data this week that could be key to the Federal Reserve's decision-making on interest rates.

Meta fights sprawling Chinese 'Spamouflage' operation

Meta on Tuesday said it purged thousands of Facebook accounts that were part of a widespread online Chinese spam operation trying to covertly boost China and criticize the West.

German state leader demands answers on anti-Semitic flyer

A powerful German state leader ordered a probe Tuesday into an anti-Semitism scandal within his ruling coalition just weeks ahead of a key regional election.

Stock markets extend gains