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Featured

Despite US tariffs pause, southern African economies under threat

Washington's 90-day pause on higher tariffs is of little comfort to southern African economies facing the collapse of a preferential trade deal and a 25-percent hike on car imports, analysts say.

Stocks, dollar hit as Trump admits costs of 'beautiful' trade blitz

Jitters about US tariffs hammered stocks and the dollar again Friday as President Donald Trump acknowledged the costs from his rollercoaster trade offensive but predicted a "beautiful" ending.

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UK economy rebounds by record 7.5% from pandemic in 2021

Britain's economy grew by a record 7.5 percent last year on easing Covid curbs after a pandemic-driven collapse, official data showed Friday, but analysts warned that sky-high inflation clouds the 2022 outlook.

Turbine 'torture' for Greek islanders as wind farms proliferate

Until a few years ago, Agii Apostoli was a picturesque seaside village on the eastern coast of Evia, drawing a modest income from tourism and fishing.

Bitter row erupts over Anne Frank betrayal book

It was meant to put one of World War II's greatest mysteries to rest, but instead a new book about young diarist Anne Frank has stirred up ghosts from the past.

What's next for TikTok's music industry revolution?

With a billion users, TikTok has rapidly become one of the most important players in the music industry, and now has its sights set on revolutionising the way artists are discovered and get paid.

Telework in metaverse precursors already a reality

Depending on his mood, Jeff Weiser settles down to work in a Parisian cafe, a mysterious cave or high above the Earth, thanks to the budding metaverse.

Asian markets drop on Fed rate fears as US inflation rages

Asian markets sank Friday after a sell-off on Wall Street in response to a forecast-busting jump in US inflation that fanned expectations the Federal Reserve will embark on a more aggressive campaign of monetary tightening.

Trucker protest 'worse than Covid' for small businesses

The trucker protest over Covid restrictions has been worse than the pandemic itself for small businesses in Canada's capital, as they were preparing for an easing of health rules when the convoy rolled in, shopkeepers say.

Worries over aggressive Fed shift send US stocks tumbling

Wall Street equities tumbled on Thursday as markets bet that the latest inflation report would compel the Federal Reserve to accelerate efforts to tighten monetary policy and raise lending rates.

Masks in class -- how damaging to child development?

Two years into the pandemic, concerns around the effect of masks on the linguistic, emotional and social development of children are taking center stage.

Macron calls for 14 new reactors in nuclear 'renaissance'

French President Emmanuel Macron called Thursday for a "renaissance" for the country's nuclear industry, saying he wanted up to 14 new reactors to power the country's transition away from fossil fuels.

Stocks slide as US inflation surges

US stock markets slid on Thursday as data showed inflation jumping to a four-decade high, raising concerns that the Federal Reserve may move aggressively with interest rate hikes.

Astra warns on falling Covid treatment sales after record year

British Covid vaccine maker AstraZeneca on Thursday warned that coronavirus product sales and profit margins would drop this year as the pandemic recedes and after record-high group revenue in 2021.

Detained Eritrean Orthodox ex-leader dies at 94

The former head of Eritrea's Orthodox church, who spent more than a decade under house arrest, has died aged 94, church officials and a London-based religious rights group said Thursday.

EU chief unveils 150-bn-euro investment plan for Africa

EU chief Ursula von der Leyen on Thursday unveiled plans to muster investment of more than 150 billion euros for Africa, proclaiming Europe to be the continent's biggest and "most reliable" partner.

Largest ever cut diamond at auction sells for £3.2 million

The Enigma, the largest cut diamond ever to come to auction, went under the hammer in London on Wednesday for £3.16 million ($4.3 million, 3.8 million euros) having recently gone on display for the first time.

YouTube woos creators to fend off competition

YouTube on Thursday laid out goals for the year that included making the lives of creators easier and boosting a popular format that rivals TikTok.

Indonesia to buy French warplanes as Paris boosts Asia alliances

Indonesia on Thursday ordered 42 Rafale fighter jets from France and may acquire two French submarines, as Paris and Jakarta seek to strengthen military ties in the face of growing tensions in the Asia-Pacific.

TotalEnergies returns to profit after Covid crisis

French energy giant TotalEnergies on Thursday rebounded from the Covid crisis with a huge 2021 profit as oil and gas prices soared -- a performance that raised political hackles in an election year in France.

Honduras president stops eviction of indigenous community

The eviction of a hundred Lenca indigenous families in Honduras was stopped Wednesday at the request of President Xiomara Castro after dozens of police officers tried to remove them.

Nigeria Islamic police destroy nearly 4 mn beers

Religious police in northern Nigeria's city of Kano have destroyed nearly four milllion bottles of beer, on grounds that sale and consumption of alcohol is prohibited in the predominantly Muslim region.

Zeus and free bitcoin: Super Bowl ad frenzy is back

Big brands who in recent years have sat out the TV advertising frenzy around the biggest US sporting event -- the Super Bowl -- are returning in force Sunday and forking out millions for prime spots.

Saudi coffee legacy percolates through the generations

For Farah al-Malki, growing coffee plants in Saudi Arabia's southwestern region of Jizan is more than just a profession. It is a family tradition passed down from generation to generation.

How thieves manage to steal cryptocurrency

US officials announced on Tuesday they had recovered $3.6 billion of bitcoin stolen in a 2016, throwing a light on the scams that surround cryptocurrency.

Black diamond, largest ever cut, sells for £3.2 million

"The Enigma", the world's largest known cut diamond at 555 carats, went under the hammer in London on Wednesday for £3.16 million ($4.3 million, 3.8 million euros) having recently gone on display for the first time.

Climate hope as scientists in UK set fusion record

Scientists in Britain announced Wednesday they had smashed a previous record for generating fusion energy, hailing it as a "milestone" on the path towards cheap, clean power and a cooler planet.

Stock markets rise on eve of US inflation data

Stock markets climbed Wednesday on the eve of highly anticipated US inflation data, with sentiment buoyed by easing geopolitical tensions between Russia and Ukraine.

UK MPs' report finds Brexit burdening businesses

Britain's trade with the European Union has been dented by Brexit, with businesses facing greater costs, paperwork and border delays since the UK's full withdrawal, a watchdog panel of MPs said Wednesday.

Japan offers gas to Europe over Ukraine fears

Japan is offering Europe part of its liquified natural gas imports over fears supplies will be disrupted by tensions surrounding a possible Russian invasion of Ukraine, Tokyo's trade minister said Wednesday.

Markets rally as traders brace for US inflation data

Equity markets rose Wednesday following a positive performance on Wall Street as traders prepared for the release of highly anticipated US inflation data, while sentiment was also buoyed by signs of easing Russia-Ukraine tensions.

High energy prices put more pressure on Turks

When temperatures plunged well below freezing in Ankara and energy prices soared, Dondu Isler had to make a tough choice to both stay warm and keep her soaring utility bills down.

Asian markets rise again as traders brace for US inflation data

Asian markets rose Wednesday following a positive performance on Wall Street as traders prepared for the release of highly anticipated US inflation data, while sentiment was also buoyed by signs of easing Russia-Ukraine tensions.

Toyota overcomes chip shortage to beat Q3 net profit forecast

Toyota on Wednesday posted a forecast-beating net profit of $6.8 billion for the three months to December, even as a global chip crunch and a pandemic-driven parts shortage forced production cuts.

Citi exit sparks angst for Mexican cultural treasures

Paintings by Frida Kahlo and Diego Rivera are among the cultural jewels whose looming sale has sparked concerns about the future of one of Mexico's most important private art collections.

Toyota quarterly net profit beats estimates despite chip shortage

Toyota on Wednesday logged a forecast-beating net profit of $6.8 billion for the three months to December, even as a global chip crunch and a pandemic-driven parts shortage forced production cuts.

Pandemic sets sales of microwavable popcorn a-pinging

While the closure of cinemas during the pandemic has eaten into popcorn sales, demand for the microwavable form of the popular snack has reached new records, according to Europe's biggest producer.

Peru's president swears in new cabinet, his fourth in six months

Peru's leftist President Pedro Castillo on Tuesday appointed a new cabinet, the fourth since he came to power six months ago, including replacing a prime minister who lasted just three days in office.

Asian markets rise again as traders gird for US inflation data

Biden finally mentions 'Tesla' after Elon Musk complains

US President Joe Biden, who has not publicly referred to Tesla when talking about electric vehicles since taking office, finally did so Tuesday after the carmaker's head Elon Musk complained about the lack of attention.

Thousands protest Argentina's debt deal with IMF

Several thousand protesters marched in Buenos Aires on Tuesday to denounce the agreement reached between the government of centre-left President Alberto Fernandez and the IMF on the repayment of a $44 billion loan.

American Marconi Wireless News - Economy (English)