AFP

AFP

BRICS' criticism brings Trump 10% tariff threat

AFP|Published

US President Donald Trump responds to BRICS' criticism of his trade policies with a stark warning of a 10% tariff on nations aligning with the bloc, as tensions ...

OPEC+ to hike petrol output to 548 000 bpd in August

AFP|Published

OPEC+ members, including Saudi Arabia and Russia, have announced a surprising increase in oil output to 548 000 barrels per day in August, defying analyst expectations ...

BRICS nations to denounce Trump tariffs

AFP|Published

At the upcoming BRICS summit in Rio de Janeiro, leaders from Brazil, Russia, India, China, and South Africa are set to address Donald Trump's controversial tariffs, ...

France fines Shein €40 million over 'deceptive' sales practices

AFP|Published

France has imposed a record €40 million fine on Shein for deceptive sales practices, revealing how the e-commerce giant misled consumers about pricing and environmental ...

Hong Kong to regain IPO crown this year, say PwC and Deloitte

AFP|Published

Will Hong Kong reclaim its title as the world's IPO leader in 2025? Despite geopolitical tensions, PwC and Deloitte predict a strong resurgence in the city's capital ...

Over 14 million people could die from US foreign aid cuts: study

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The study in the prestigious Lancet journal was published as world and business leaders gather for a UN conference in Spain this week hoping to bolster the reeling ...

EU, US confident they’ll reach tariff deal by July deadline

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Seoul asks Temu, AliExpress to pull children's products over safety concerns

AFP|Published

Their rapid rise has triggered growing scrutiny over business practices and product safety, including in South Korea.

Global matcha 'obsession' drinks Japan tea farms dry

AFP|Published

With its deep grassy aroma, intense color and pick-me-up effects, the popularity of matcha "has grown just exponentially over the last decade, but much more so in ...

Iran-Israel ceasefire lifts US stocks

AFP|Published

Trump has been outspoken in ridiculing Powell's decisions thus far, referring to the Fed chair in a social media post Tuesday as a "dumb, hardheaded person. "

Tesla sales skid in Europe in May despite EV rebound

AFP|Published

Despite a 25% surge in battery-electric vehicle sales across Europe, Tesla faces a staggering 40. 2% drop in sales, driven by fierce competition and the controversial ...

Young Mozambican inventor bringing the blind smart 'vision'

AFP|Published

Discover how a young Mozambican inventor is revolutionising the lives of the visually impaired with innovative smart glasses designed to enhance independence and ...

Better than gold: how Ecuador cashed in on surging cocoa prices

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Cocoa is now a billion-dollar business in the Andean country, rivalling gold, copper and silver as well as the ubiquitous banana.

World facing 'most complex' situation in decades: WEF

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The head of the World Economic Forum warns that the world is grappling with its most intricate geopolitical challenges in decades, raising concerns about the future ...

Oil prices drop as Israel agrees to ceasefire proposal

AFP|Published

Crude prices had briefly spiked Monday morning on the prospect that Iran could retaliate to a weekend US attack on its nuclear facilities by throttling oil transport ...

IAEA seeks access to Iran nuclear sites to 'account for' highly enriched uranium stockpiles

AFP|Published

Over the weekend, the United States struck three Iranian nuclear sites, joining Israel's bombardments of Iran's nuclear programme.

Tesla launches long-discussed robotaxi service

AFP|Published

The long-awaited launch follows the dramatic meltdown earlier this month in relations between the US president and the world's richest person, which saw a cascade ...

Tech-fueled misinformation distorts Iran-Israel fighting

AFP|Published

The information warfare unfolding alongside ground combat sparked by Israel's strikes on Iran's nuclear facilities and military leadership underscores a digital ...

Nigerian monarch wants $12 bn for clean-up before Shell exit

AFP|Published

Nigerian monarch Bubaraye Dakolo demands $12 billion from Shell for environmental reparations, as communities in the Niger Delta seek justice for decades of pollution. ...

SA's iconic protea flower relocates as climate warms

AFP|Published

Through trial and error, Thuynsma has been able to cultivate close to 200 protea varieties, including some long forgotten and abandoned by farmers in their original ...

Crude sinks as Trump delays decision on Iran strike

AFP|Published

Speculation had been swirling that Trump would throw his lot in with Israel, but on Thursday he said he would decide "within the next two weeks" whether to involve ...

Google suffers setback as EU legal opinion backs record fine

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Google's legal challenges escalate as the European Court of Justice's adviser recommends upholding a record €4. 3 billion fine for anti-competitive practices, raising ...

US Fed keeps interest rates unchanged in face of Trump criticism

AFP|Published

The Fed kept the benchmark lending rate at a range between 4. 25 percent and 4. 50 percent at the end of its two-day meeting, with officials penciling in two rate ...

US Fed set to hold rates steady as it guards against inflation

AFP|Published

The Federal Reserve has kept the benchmark lending rate unchanged this year at a range between 4. 25 percent and 4. 50 percent, and analysts expect policymakers ...

China's AliExpress risks fine for breaching EU illegal product rules

AFP|Published

The EU opened a formal investigation in March 2024 into AliExpress, which is owned by Alibaba, for multiple suspected breaches of DSA rules on countering the spread ...