BMW boss Milan Nedeljkovic warned Wednesday that European carmakers need to prepare for growing Chinese competition in their home market and likely downward pressure on prices. “It's clear that China is having an impact in Europe,” Nedeljkovic told reporters…
US stocks rose early Wednesday after the Federal Reserve's preferred inflation gauge stayed at 3.4 percent year-on-year in August and private hiring data came in above market expectations. About 20 minutes into trading, the Dow Jones Industrial Average was up…
Apple said Wednesday it had launched Apple Pay in India through a partnership with Axis Bank, entering one of the world's largest digital payments markets. The company said Axis Bank customers can store their credit cards in Apple Wallet and use iPhones or Ap…
Blue Origin is raising outside money for the first time and will no longer be funded only by Amazon founder Jeff Bezos, Chief Executive Dave Limp said Tuesday in Washington. “We are raising outside money for the first time. Jeff has funded it up till now,” Li…
US stocks were little changed in early trading on Tuesday as oil prices fell and investors kept focus on the artificial intelligence sector. About 10 minutes after trading opened, the Dow Jones Industrial Average was down 0.1 percent at 51,415.85. The S&P 500…
Nvidia said Monday that its board had authorized $150 billion in share buybacks, setting a new record for a company repurchase program. Combined with earlier authorizations, Nvidia's total buyback program now stands at $235 billion. The chipmaker said it expe…
Lady Gaga has appeared in a FamilyMart recruitment campaign in Japan as the convenience store chain tries to attract part-time workers amid staffing shortages. The black-and-white video shows the singer working behind a counter, offering fried chicken to cust…
Brent crude rose 3.1 percent to $107.51 in afternoon Asian trade on Monday after Donald Trump rejected an Iranian offer of a seven-day truce that Tehran said would see it reopen the Strait of Hormuz. West Texas Intermediate climbed 2.1 percent to $94.32. The…
Meta shares returned this week to their summer 2025 highs after the launch of Muse, an AI assistant that has raised investor hopes for revenue beyond advertising. The stock gained 4.5 percent on Thursday after rising more than 11 percent on Monday, its bigges…
Starbucks said Thursday it will close 250 more cafes in North America as part of a push to improve financial returns. The coffee chain described the closures as a review of underperforming locations under Brian Niccol, who became chief executive in September…
Renault said Thursday it will invest €600 million in Spain by 2030 to produce five new car models, including two electric vehicles that it said would be its first made in the country. The French automaker said the investment combines its own funds with nation…
Napoli owner Aurelio De Laurentiis says the club wants to move to a new 70,000-seat stadium in east Naples, while the city council would rather renovate the publicly owned Stadio Diego Armando Maradona. “We have identified a 38-hectare site in east Naples on…
Heatwaves this summer cost Germany's economy around 25 billion euros, insurers Allianz and Allianz Trade said in a study published Thursday. The study said the losses were driven mainly by lower productivity during intense heat, higher workplace absences and…
US stocks dipped early Thursday as investors watched a US-China summit and Treasury bond yields remained near multi-year highs. About 10 minutes into trading, the Dow Jones Industrial Average was down 0.4 percent at 51,304.37. The S&P 500 fell 0.4 percent to…
McDonald's shares fell 6.4 percent after midday on Wednesday as the company outlined an $8.5 billion plan to support franchisees and said US sales in the current quarter were on track to be slightly negative. The restaurant chain said the support plan would r…
Turkish Airlines said Wednesday it had decided to buy up to 150 Boeing 737 MAX jets, with deliveries scheduled between 2033 and 2037. The Turkish national carrier said the plan includes a firm order for 100 Boeing 737 MAX aircraft and an option for 50 more. T…
Airtel Money, a mobile payments platform used across Africa, announced plans on Wednesday to float on the London Stock Exchange. The company is a subsidiary of Airtel Africa, which is listed on London’s FTSE 100 index and is part of Indian conglomerate Bharti…
US stocks dipped in early trading on Wednesday as oil prices and bond yields climbed before a summit between US President Donald Trump and Chinese leader Xi Jinping. About 15 minutes into trading, the Dow Jones Industrial Average was down 0.2 percent at 51,77…
US stocks closed lower Wednesday as the benchmark 10-year Treasury yield rose to 5.11%, its highest level since 2007, and oil prices climbed back above $103 per barrel. The Dow Jones Industrial Average fell 0.68% to 51,511, the S&P 500 dropped 0.75% to 7,706…
Prada opened Milan Fashion Week on Tuesday with a Spring-Summer 2027 show built around skirts, turning the luxury brand's long-running garment into the centre of the runway. Miuccia Prada and Raf Simons presented grey pleated skirts, green straight designs, f…
Converse apologized for a social media advert it removed after users said it evoked Ku Klux Klan and lynching imagery. The advert, posted on the American sneaker company's Instagram account, showed K-pop singer Karina wearing a white skirt and holding a pair…
The Nasdaq rose 2.3% on Monday, September 21, closing at a record while oil prices fell amid optimism over a possible diplomatic breakthrough in the US-Iran war at this week's United Nations gathering. The technology-heavy index led major US stock indexes. An…
AMD reached a $1 trillion market valuation Monday as investors drove up chip stocks linked to artificial intelligence, with its shares up 9.4 percent at $612 near 1510 GMT. The California-based chip company has announced ventures with OpenAI and Anthropic. It…
Paramount has reached a settlement with US states that clears the way for its takeover of Warner Bros. Discovery, officials announced Monday. The deal would combine Paramount with assets including Warner Bros. Pictures, CNN and the HBO Max streaming service.…
The Nasdaq Composite closed at a record on Monday as global stock markets rose, helped by lower oil prices and hopes for progress in US-China and US-Iran diplomacy. The Nasdaq gained 2.3 percent to close at 27,122.09. The S&P 500 rose 1.5 percent and the Dow…
Volvo Cars said on Sunday it has appointed Škoda Auto CEO Klaus Zellmer as its new president and chief executive. Zellmer will succeed current CEO Hakan Samuelsson no later than 1 October 2027, Volvo Cars said in a press release. Samuelsson, 75, had announced…
HarperCollins UK said it will no longer publish the back catalogue of British comedian and children's author David Walliams after he faced accusations of harassing female staff. A spokesperson said the publisher would no longer publish Walliams's backlist. Th…
Russia has seized the businesses and assets of Nestle and three French groups, transferring their Russian operations to LEV Management under a decree signed by President Vladimir Putin. The decree, issued late Thursday, covers Swiss food group Nestle, French…
Lockheed Martin plans to triple production of PAC-3 interceptor missiles to 2,000 by the end of next year, as General Motors begins delivering missile components for the defence contractor. Lockheed said Thursday that GM had delivered its first components for…
Unionised workers at South Korean memory chip maker SK hynix have approved a revised tentative wage agreement with management, the company said Wednesday, ending the latest round of talks over bonus payments. SK hynix said the deal will pay half of profit-sha…
Zach Cregger's new Resident Evil film aims to capture the horror and gameplay feel of the video game series when it opens in US theaters on Sept. 18, 2026. Cregger, who directed Weapons and Barbarian, told AFP that his goal was to be "authentic to the spirit…
Stock markets rose on Thursday after the US Federal Reserve raised interest rates for the first time since 2023, while oil prices ended lower as supply concerns eased. Wall Street rallied after losses seen after Wednesday's Fed decision. The Dow Jones Industr…
Wall Street stocks fell on Monday as artificial intelligence-linked technology shares weakened after leading AI executives called for a slowdown in development, while oil prices and US bond yields also rose. The S&P 500 closed down 0.5%, the Nasdaq lost 0.6%…
A hazelnut-growing project in Bhutan is trying to give subsistence farmers a higher-value crop, but its backers and growers say the effort has required years of patience after planting delays, pandemic disruption and climate-related setbacks. Mountain Hazelnu…
The Czech antitrust office UOHS said Friday it had allowed Turkey's Pegasus Airlines to buy Czech airline Smartwings, subject to competition conditions. Pegasus announced the 154-million-euro, or $179 million, deal last December as part of its expansion plans…
French comedy series "Call My Agent" has returned as a feature-length film on Netflix, with cameos from George Clooney and Eva Longoria. The original series, titled "Dix pour cent" in French, ran for four seasons from 2015. It followed talent agents at a Pari…
Micron Technology said its Taiwan direct labour workers will receive total rewards equivalent to 35 to 68 months of pay for fiscal 2026, but a union at its Taoyuan plant rejected the proposal and said it would keep moving toward a strike unless the company ad…
Oil prices jumped on Monday after Saudi Arabia closed a key pipeline amid the Middle East war, while US average diesel prices reached a record $6.23 a gallon and technology stocks came under pressure from renewed artificial intelligence warnings. Brent crude…
Benchmark oil contract Brent crude rose more than 5% to more than $106 per barrel on Thursday.
Princess Diana's famous “revenge dress” is to be auctioned in New York in December, Sotheby's announced Thursday. The off-the-shoulder gown, designed by Christina Stambolian, is estimated to fetch between $150,000 and $300,000, with some proceeds going to cha…
The United Arab Emirates intends to invest 40 billion euros ($46.5 billion) in Germany, including in data centres with capacity of up to one gigawatt, the Germ…
“NAZA”, a documentary by Oscar-winning Israeli filmmakers Yuval Abraham and Rachel Szor about civilian deaths in Gaza, is set to premiere at the Venice Film Festival on Thursday. The filmmakers said when they announced the film in August that it was based on…
New York Fashion Week opened Wednesday with Ralph Lauren's Spring/Summer 2027 collection as the event introduced its first full ban on animal fur on the runway. Ralph Lauren's show took place on the eve of the fashion week's official launch. The collection us…
Meta shares rose more than 6 percent on Wednesday, a day after the company unveiled Muse, a personal AI agent it says can book travel, send emails and make purchases on users' behalf. The Facebook and Instagram owner said Muse was built for users with no tech…
US defence startup Covenant said Wednesday it plans to produce cruise missiles at a new factory in Leipzig from next year, adding to investment in Germany's defence industry. The company said the site in eastern Germany will make its long-range Anthem ground-…
Ilya Khrzhanovsky's film “Dau” premiered Wednesday at the Venice Film Festival amid controversy after Ukraine's government accused it of being linked to the Russian state and its influence networks, an accusation the filmmaker denies. The film, which runs for…
British broadcaster Channel 4 said on Sept. 9 that it would cut around 340 jobs by the end of the year, reducing its workforce by 28 percent. The privately funded television channel, whose programmes include “The Great British Bake Off” and “Big Brother”, sai…
Casey Affleck cast his two sons in his latest film “Company” and brought brother Ben Affleck to its red-carpet premiere at the Venice Film Festival. Affleck told reporters Tuesday that he had lost both parents this year and had wanted to show them the movie.…
Zara owner Inditex reported profit of €3 billion ($3.5 billion) for February to July, up 6.8% from the same period in 2025, as sales rose across its brands. The Spanish fashion group said first-half sales increased 7.6% year on year to €19.8 billion. It said…
European Commission plans would give cities more legal certainty to restrict short-term rentals such as Airbnb in areas facing housing pressure. The proposal, laid out Wednesday as part of an affordable housing package, still has to be negotiated with Europea…
Indian conglomerate Adani Group said Wednesday that its airport unit will raise about $1 billion by selling a 5.54 percent stake to investors including Singapore's Temasek and BlackRock. Adani said the transaction gives Adani Airport Holdings a pre-money equi…
Oil prices hovered above $100 a barrel on Thursday after Iran said it attacked 20 vessels trying to pass through the Strait of Hormuz and expanded restrictions around the key energy route. Brent crude, the international benchmark, was $101.28 a barrel in earl…
Japan's Nikkei 225 fell more than 3% in early trading Friday as higher oil prices renewed concern that Middle East tensions could add to inflation pressure. At around 9:15 a.m. in Tokyo, or 0015 GMT, the Nikkei was down 3.03% at 63,291 points. Brent crude, th…
Fyodor Dostoevsky's "White Nights" has become a bestseller in Brazil nearly 180 years after its release, as TikTok's BookTok community turns the 19th-century novella into a social media favourite. Editora 34 publishing house said its sales of the novella, one…
Aardman Animations is marking its 50th anniversary with a new Shaun the Sheep feature film made using the Bristol studio's long-running stop-motion methods. "Shaun the Sheep: The Beast of Mossy Bottom" is due to be released in UK cinemas on September 18. It i…
Ford Motor Company rejected US Transportation Secretary Sean Duffy's criticism on Tuesday after he accused the Detroit automaker of deepening reliance on Chinese technology and companies. In a letter to Ford chief executive Jim Farley published on the Departm…
Japan's Nikkei 225 fell 3.03% to 63,291 points in early trading Friday, as investors weighed renewed Middle East tensions and higher oil prices that could add to inflation pressure. At around 9:15 a.m. in Japan, Brent crude was still up 0.5% at $108.15 a barr…
Chinese President Xi Jinping told British Prime Minister Andy Burnham in a Tuesday phone call that China and Britain should deepen cooperation despite their differences, according to Beijing’s state media. Xinhua said the call was initiated by Burnham and was…
French company BIC is targeting US cannabis users as it seeks to sell more pocket lighters in the United States. Chief executive Rob Versloot told analysts at…
Novartis shares fell 9.2 percent in midday trading in Zurich on Tuesday after the Swiss drugmaker said a Phase III trial of del-desiran for myotonic dystrophy…
Aliko Dangote plans to launch an initial public offering for his Nigerian oil refinery on September 14, seeking to raise 2.15 trillion naira, or $1.6 billion. Dangote Petroleum Refinery & Petrochemicals will offer investors the chance to buy as few as 10 shar…
Rockstar Games has denied a union claim that it targeted workers for trade union activity, as the Grand Theft Auto VI maker prepares to face an employment tribunal in Glasgow over the dismissal of 31 workers. The Independent Workers' Union of Great Britain an…
Volkswagen said its Osnabrueck plant in northwest Germany will be sold and converted for defence production, with an initial air defence project planned for Is…
France and South Korea pledged 1 billion euros ($1.15 billion) over five years to support independent filmmaking as French President Emmanuel Macron and South Korean President Lee Jae Myung warned at a film summit that artificial intelligence should not repla…
Jaguar Land Rover said Monday it would cut around 4,000 roles over the next two years, about 10 percent of its global workforce, as it seeks £1.7 billion, or $…
The yen extended its rally on Tuesday and moved close to its strongest level of 2026 against the dollar, while rising oil prices weighed on equities in Asia an…
Several films at this year's Venice Film Festival are focusing on journalism, from Palestinian director Ahmed Hassouna's Gaza documentary “Citizen Osama” to works about war photography, Russian journalists in exile and tabloid media. “Citizen Osama”, chosen a…
Susan Sarandon said at the Venice Film Festival on Sunday that she is still having Hollywood roles “taken away” because of her criticism of Israel's war in Gaza. The US actress, who has a role in the Italian film “The Echo Chamber”, said some agencies were st…
Wim Wenders said at the Venice Film Festival that filmmakers should not be seen as staying out of politics, clarifying remarks that caused an outcry at the Berlin film festival earlier this year. The German director, who is in Venice to present a new film abo…
Japanese premium ice makers are finding customers in bars abroad, with Kanazawa-based Kuramoto Ice saying its total sales have more than doubled since it began exports in 2019. Kuramoto Ice, a century-old company in Ishikawa on the Sea of Japan coast, is one…
Robert Pattinson's dark thriller "Primetime" premieres at the Venice Film Festival on Saturday, with the British actor playing a paedophile-hunting TV presenter in a film based on the scandal-hit NBC reality show "To Catch a Predator". The film is directed by…
Dangote Petroleum Refinery is preparing an initial public offering that could raise about $1.6 billion, the Nigerian company said Friday. The Lagos-based refi…
Portugal will continue talks with both Air France-KLM and Lufthansa on the privatisation of a controlling stake in TAP Air Portugal, the government said Friday…
Volkswagen workers in Germany voiced anger and uncertainty on Friday after management, shareholders and unions agreed to raise planned job cuts to 100,000 over the coming years and left the long-term future of four German plants unresolved. The German carmake…
Heavy spending on AI data centres and related infrastructure is not fuelling a stock market bubble, Blackstone president Jon Gray said in an interview published Friday. Investors have been questioning whether large artificial intelligence investments will jus…
US stocks closed lower Friday after stronger-than-expected August jobs data led investors to increase bets that the Federal Reserve will raise interest rates at its September meeting. The Dow Jones Industrial Average ended down 0.5 percent at 53,414.25. The S…
Aardman Animations is marking its 50th anniversary with “Shaun the Sheep: The Beast of Mossy Bottom,” the third full-length film starring Shaun the Sheep, due…
Bordeaux's relegation to the sixth tier of French football was upheld on Thursday when the French Football Federation's special executive committee confirmed the sanction, a source close to the body told AFP. The six-time French champions had been barred from…
Volkswagen said Thursday that management and unions had agreed to cut 100,000 jobs by the end of the decade, deepening a restructuring at Europe's largest carm…
A Pierre Cardin museum is scheduled to open on September 13 at Palazzo Bragadin in Venice, displaying around 130 outfits from the late designer's career. A co…
Wall Street stocks rose early Thursday while US Treasury bond yields retreated after government data showed the US trade deficit widened in July. About 20 min…
Indian regional airline Fly91 said Thursday it had ordered 40 ATR 72-600 turboprop aircraft in a deal worth approximately $1 billion. The airline said the ord…
A tool accidentally left in an Airbus plane forced the company to slow deliveries of new A330 jets for several months, a company source told AFP on Thursday.…
Uber will lay off around 10 percent of its workforce worldwide as part of “significant organizational changes,” chief executive Dara Khosrowshahi told employee…
Uber's shutdown in Nigeria has left thousands of drivers looking for other sources of income after the ride-hailing company ended operations in the country wit…
Jaguar Land Rover opened orders on Wednesday for a new fully electric Range Rover, one year after a major cyberattack halted production and hit the British car…
Ryanair said Wednesday it would cut its winter schedule as higher fuel costs hit the airline industry, and lowered its passenger target for the fiscal year to…
Most Asian stocks rose Friday and government bond yields held their recent losses after comments from senior Federal Reserve officials eased fears that the US central bank would raise interest rates at its September 16 meeting. Investors were waiting for US n…
British oil giant BP said Wednesday it appointed Ian Tyler as permanent chairman after an extensive search, making permanent the role he took on after Albert Manifold was suddenly removed. Tyler became interim chair on May 26, the same day BP announced Manifo…
Taiwan's semiconductor industry revenue is projected to be close to US$300 billion in 2026, more than 40 percent higher than last year, Taiwan Semiconductor In…
Ariana Grande fans gathered at London's O2 on Tuesday for the final show of her 10-night residency and the end of her Eternal Sunshine tour, with some calling it a bittersweet moment before her planned break from public visibility. The 33-year-old US singer a…
The Los Angeles Angels sale to US billionaire Stan Kroenke is valued at $4 billion, multiple US outlets reported, after Kroenke agreed terms to buy a controlling interest in the baseball team. The financial terms of the deal were not disclosed. The club said…
Nestle said it will sell its mainstream vitamins, minerals and supplements business to US private equity firm Yellow Wood Partners for $1 billion. The Swiss food group said the deal covers its consumer-focused vitamins, minerals and supplements activities. It…
Stocks fell Wednesday as oil prices extended gains and bond yields stayed near multi-decade highs, with investors increasing bets on further interest rate rise…
Peru's anchovy catch has collapsed as warmer seas linked to El Nino disrupt the fishing industry, with government data showing the May catch fell to 32,800 metric tons from 1.3 million metric tons in May last year. Peru is the world's largest catcher of ancho…
Ikea said Tuesday it was cutting prices by up to 28 percent on around 1,500 products in Europe from September 1, as the furniture group seeks to attract customers facing higher living costs. Jakub Jankowski, managing director of Inter Ikea Group, said there w…
Munich is growing as a centre for defence technology startups as Europe increases military spending and the war in Ukraine drives demand for drones, software and autonomous systems. Companies including Quantum Systems, Helsing and Tytan Technologies are among…
Traditional boat builders in Karachi’s Ibrahim Hyderi are still making wooden fishing vessels by hand, preserving a craft tied to Pakistan’s coastal fishing ec…