AFP

AFP

Japan's Mitsubishi pulls out of key wind power projects

AFP|Published

Mitsubishi's withdrawal from three offshore wind power projects marks a significant setback for Japan's renewable energy ambitions, as the company cites rising costs ...

US Fed chair leaves door open to interest rate cut in key speech

AFP|Published

Jerome Powell, chair of the US Federal Reserve, hints at possible interest rate cuts in a crucial speech, while warning of rising inflation risks and a weakening ...

Less tax, more luxury: millionaires flock to Dubai

AFP|Published

The United Arab Emirates and particularly Dubai have long welcomed wealthy people from nearby countries, and people helping millionaires to move there told AFP it ...

Nvidia chief says H20 chip shipments to China not a security concern

AFP|Published

The California-based company produces some of the world's most advanced semiconductors but cannot ship its most cutting-edge chips to China due to concerns from ...

Anglo American shares dip after US firm exits coal deal

AFP|Published

Peabody announced on Tuesday it had terminated the purchase agreements following a fire at the deal's flagship mine, citing it as a material adverse change -- a ...

Australian court fines Qantas $59 million for illegal layoffs

AFP|Published

An Australian court has imposed a $59 million fine on Qantas Airways for illegally laying off 1,800 ground staff during the Covid-19 pandemic, marking a significant ...

Davos founder Schwab cleared of misconduct by WEF probe

AFP|Published

An investigation by the World Economic Forum has cleared founder Klaus Schwab and his wife of any wrongdoing, following serious allegations. Discover the details ...

Zambia warns US visa bond will cause financial 'strain'

AFP|Published

The measure announced Tuesday, which also applies to nationals of Malawi, takes effect on August 20 as part of a one-year pilot project aimed at reducing visa overstays ...

Nvidia to pay US 15% of AI chip sales to China: reports

AFP|Published

Nvidia CEO Jensen Huang met with US President Donald Trump at the White House on Wednesday and agreed to give the federal government the cut from its revenues, a ...

Average US tariffs top 20%, back to 1910s levels: WTO and IMF

AFP|Published

US tariffs have surged to an average of 20. 1%, the highest since the early 1910s, following new duties that took effect recently. This significant increase, as ...

Accumulating bitcoin a risky digital rush by companies?

AFP|Published

Tesla has previously accepted payments in bitcoin, while Trump Media soon plans to offer crypto investment products.

Solid gold, royal missives and Nobel noms: how to win Trump over

AFP|Published

The Republican billionaire president is known for loving all that glitters -- as evidenced by the gilded revamp of his office -- and also loves seeing his name in ...

Indonesia cracks down on pirate protest flag

AFP|Published

The Jolly Roger skull and bones with a straw hat -- from Japanese anime series "One Piece" -- has been fluttering from a rising number of trucks, cars and homes. ...

Trump announces 100% chip tariff, pressuring Asian producers

AFP|Published

Donald Trump has announced a controversial 100% tariff on semiconductors from firms that do not invest in the United States, triggering significant volatility in ...

Apple to hike investment in US to $600bn over four years

AFP|Published

Apple's commitment to invest an additional $100 billion in the US brings its total pledge to $600 billion over four years, a move that could reshape the tech landscape ...

Brazil vows to fight Trump tariff 'injustice'

AFP|Published

Finance Minister Fernando Haddad said the tariffs announced Wednesday were "more favorable" than expected, with several key export products exempted.

Puppet ban in Indonesian capital threatens buskers

AFP|Published

Performances featuring the puppets -- originally used by Jakarta's Betawi people to ward off evil spirits -- will be allowed only at set events.

US tech titan earnings rise on AI as economy roils

AFP|Published

Tech giants Amazon, Apple, Meta and Microsoft this week eclipsed earnings expectations, cashing in on artificial intelligence (AI) while navigating economic waters ...

Nintendo quarterly revenue surges thanks to Switch 2

AFP|Published

Pent-up demand for the new gadget from the "Super Mario" gamemaker fuelled fan excitement at the release, which saw sold-out pre-orders and midnight store openings. ...

Trump signs order to impose higher tariffs on dozens of economies

AFP|Published

The order set out tariffs on imports that ranged as high as 41 percent on Syria, alongside various levels reflecting trade deals struck between Washington and major ...

SA farmers on the frontline of US tariff hikes

AFP|Published

More than 70 percent of arable land is still in the hands of the white minority decades after the end of apartheid, according to the latest figures from 2017, and ...

Trump says tariffs are making US 'great and rich' again

AFP|Published

Trump also announced crippling 50 percent tariffs on Brazil and a 25 percent levy on Indian exports, while warning Canada it would face trade repercussions for planning ...

US Fed holds firm against Trump pressure as divisions emerge

AFP|Published

In announcing its decision Wednesday, the Fed cited a moderation in economic activity in the first half of the year and "solid" labor market conditions.

Jeep owner Stellantis says it has turned corner

AFP|Published

Despite facing a €1. 5 billion hit from US tariffs, Stellantis, the owner of Jeep, forecasts a rebound in sales and profitability in the second half of the year

Barclays bank profit jumps on US tariffs volatility

AFP|Published

Discover how Barclays bank capitalised on market volatility driven by US tariffs, reporting a remarkable 34% profit increase in the second quarter.