AFP News

  • Europe brings on charm and blue skies to lure Chinese tourists

    Chinese tourists are big spenders and with the numbers visiting Europe set to soar by nearly 70 percent over the next five years, the countries of the Old Continent are rolling out the red carpet to make the guests feel welcome.A...

  • India's Reliance posts 25% rise in profits, Jio turns profitable

    Indian oil-to-telecom conglomerate Reliance Industries on Friday beat analyst estimates to post a 25 percent rise in consolidated net profit, aided by its telecom start-up Jio turning profitable within 17 months of its launch.The...

  • Google, Tencent eye collaboration on new technologies

    Internet titans Google and Tencent on Friday signalled possible future collaboration on developing new technologies as the US and Chinese firms announced a long-term patent-sharing agreement.The companies gave no details on the...

  • Taiwan blocks China flights after route row

    Taiwan has blocked nearly 200 flights by Chinese airlines over the strait that separates the two rivals due to the carriers' use of controversial new travel routes introduced by China.Taipei has repeatedly called for four new...

  • Stock markets hold up, shrugging off US shutdown fears

    Global stock markets mostly rose on Friday as investors shrugged off a looming shutdown of the US government. "Investors don't appear particularly bothered about the prospect of a government shutdown, with the assumption being...

  • WTO gives US deadline to fix anti-China practices

    A World Trade Organization arbitrator on Friday gave Washington until August 22 to implement a prior ruling faulting the anti-dumping measures taken against Chinese products. The WTO's Dispute Settlement Body ruled last May that...

  • US 'erred' in supporting WTO membership for China, Russia: USTR

    China and Russia have shown no intention of living up to World Trade Organization rules and Washington should not have supported their membership in the global trade body, the Trump administration said Friday.In strongly worded...

  • Taiwan chip 'godfather' bullish on cryptocurrency despite volatility

    The revered head of Taiwan's semiconductor giant said cryptocurrencies would be a key driver for growth despite a bitcoin slump due to the threat of stricter regulations.Morris Chang's Taiwan Semiconductor Manufacturing Co (TSMC)...

  • S. Korea's Incheon airport opens new terminal before Olympics

    South Korea's main international gateway Incheon airport opened its second terminal on Thursday, significantly increasing its capacity three weeks before the start of the Winter Olympics, airport authorities said.More than 300,000...

  • China economy rebounds in 2017 with 6.9% growth

    China's economy grew a forecast-beating 6.9 percent in 2017, picking up steam for the first time since 2010 despite its battles against a massive debt and polluting factories, official data showed Thursday.The world's number two...

  • Nintendo thinks inside the box with cardboard Switch accessory

    Nintendo sparked fierce debate Thursday with a new line of cardboard DIY accessories for its smash-hit Switch console, delighting some fans, but leaving others bemused by the low-tech offering.The Nintendo Labo is a range of...

  • China's local government debt growth almost doubles in 2017

    Local government debt expanded again in China last year despite Beijing's pledge to rein in a growing national debt load that has sparked fears of a financial crisis in the world's number two economy.The 7.5 percent increase is...

  • European stocks stutter as dollar weakens

    Most of Europe's stock markets ran into profit-taking Thursday as the continent's main currencies posted fresh gains against the dollar, weighing on export-heavy stocks, as the Wall Street rally also stalled.The underlying mood...

  • Italy probes Apple, Samsung over cuts to product life

    Italy's antitrust authority said Thursday it had launched a probe into tech giants Apple and Samsung for allegedly shortening the lives of their products so clients would buy newer models.The watchdog accused the companies of a...

  • Hong Kong's Hang Seng Index hits all-time high

    Hong Kong stocks hit their highest ever level in late trade on Wednesday, a day after posting a record close.The Hang Seng Index climbed 0.25 percent, or 78.66 points, to finish at 31,983.41 -- overtaking its previous high of...

  • China to step up cryptocurrency crackdown

    China is preparing for a new crackdown on cryptocurrency, planning to stamp out remaining trading in the country, according to state media.China will gradually clean up over-the-counter trading platforms, peer-to-peer networks...

  • Siberian helicopter maker has eyes on India

    As a helicopter buzzes in circles despite a blizzard, thousands are busy working in the huge hangars of a Siberia-based aircraft maker, eager to win a contract with India that would be a major coup for Russia's defence industry."I...

  • YouTube toughens rules regarding which videos get ads

    YouTube on Tuesday announced ramped-up rules regarding when it will run ads with videos as it scrambled to quell concerns by brands about being paired with troublesome content."There's no denying 2017 was a difficult year, with...

  • Bangladesh blacklists Chinese firm over alleged bribe

    Bangladesh has blacklisted a top Chinese construction firm for allegedly trying to bribe a senior government official and stopped its work in the country.The state-backed China Harbour Engineering Company (CHEC) was in...

  • European stocks dip, bitcoin crashes below $10,000

    Europe's major stock markets churned lower Wednesday as investors took their cue from downbeat sentiment in Asia, while Wall Street resumed its upward trend.Virtual currency bitcoin meanwhile dived, falling below $10,000 for the...

  • S. Korea's 'kimchi deficit' hits record high

    South Korea's trade deficit in kimchi, its proud traditional side dish of fermented cabbage, reached an all-time high last year as low-priced Chinese imports flooded the market, statistics showed Wednesday.The spicy foodstuff is...

  • Chinese ratings agency cuts US debt over political 'deficiencies'

    A Chinese credit ratings firm has downgraded US debt, citing the political "deficiencies" and "factional rivalries" of the United States.The move comes after China's own credit rating was cut by two US agencies -- Standard & Poor...

  • Australia takes Canada to WTO over 'wine discrimination'

    Australia said Wednesday it was taking legal action against Canada at the WTO over "arbitrary and disadvantageous" restrictions against imported wine, expanding on a similar US complaint.Canberra said the measures by several...

  • Trump tells Xi US trade deficit with China 'not sustainable': W.House

    US President Donald Trump told Chinese leader Xi Jinping he was disappointed about Washington's deepening trade deficit with Beijing, calling the situation "not sustainable," the White House said Tuesday.In telephone talks, Trump...

  • Guru-turned-entrepreneur targets India's online market

    Baba Ramdev, the popular yoga guru-turned-entrepreneur behind one of India's biggest brands, said Tuesday he was tying up with Amazon to target the country's $1 billion online market for consumer goods.Ramdev built up a huge...

  • China economy beat expectations in 2017: AFP survey

    China's economy exceeded Beijing's annual growth target in 2017, analysts said in an AFP survey, overcoming the government's battles against massive debt and pollution-spewing factories.The world's second largest economy expanded...

  • Probe into Jakarta stock exchange walkway collapse

    Indonesian investigators were sifting through the rubble at Jakarta's stock exchange complex Tuesday as they looked for clues to what caused a walkway collapse that left scores injured, including dozens of visiting university...

  • Germany to add China's yuan to currency reserves

  • Eurozone stock markets push higher, as London steadies

    Eurozone stock markets pushed higher Tuesday on the coattails of Asia, while London gains were capped by share price falls across the heavyweight energy and mining sectors.London's FTSE 100 was still close to hitting a new...

  • Hong Kong stocks post record close

    Hong Kong stocks posted their highest ever close on Tuesday, boosted by a flood of cash from mainland Chinese investors and a worldwide surge in optimism about the global economy.The Hang Seng Index leapt 1.81 percent, or 565.88...

  • 'That's Australia for you': Wallaby crosses Harbour Bridge

    A wallaby startled motorists Tuesday when it hopped across Sydney's Harbour Bridge, closely tailed by police.Drivers spotted the marsupial, which resembles a smaller version of a kangaroo, bouncing along at the northern end of the...

  • What's in a name? Chinese automaker nixes 'Trumpchi'

  • European markets glum as US on holiday

    Europe's major stock markets dipped on Monday in subdued trading on a public holiday in the United States.London sentiment was knocked by news that British construction group Carillion has collapsed, which weighed in particular on...

  • Floor at Indonesia's stock exchange collapses, 20 injured

    A floor at Indonesia's stock exchange collapsed into the building's lobby on Monday, injuring at least 20 people according to officials, as victims were carried out on stretchers.Part of the floor on the first level gave way,...

  • Yuan climbs to two-year high against weakened dollar

    The Chinese currency rose on Monday to its strongest level in more than two years against the US dollar, after China's central bank raised its daily reference rate the most in three months.The People's Bank of China set the...

  • Japan's SoftBank Group soars on listing reports

    Shares in Japan's SoftBank Group soared six percent Monday on reports it could list its mobile unit, raising up to $18 billion in one of the country's biggest public offerings.In a statement, SoftBank Group insisted no decision...

  • Cryptocurrency rivals snap at Bitcoin's heels

    Bitcoin may be the most famous cryptocurrency but, despite a dizzying rise, it's not the most lucrative one and far from alone in a universe that counts 1,400 rivals, and counting.Dozens of crypto units see the light of day every...

  • C&A fashion chain eyes sale to Chinese investors

    The billionaire family that owns Dutch clothing retailer C&A is on the brink of selling the chain to Chinese investors, a German media report said Sunday.The deal is close to being finalised, Der Spiegel weekly said, citing...

  • India's Infosys profits soar after TCS slide

    Indian software firm Infosys reported a massive increase in quarterly profits on Friday a day after rival Tata Consultancy Services said its earnings had slid.Infosys, announcing its first results under new CEO Salil Parekh, said...

  • China's Tencent draws $41 bn orders for $5 bn bond sale

    Chinese gaming and social media titan Tencent has raised $5 billion in a bond issue which attracted orders totalling more than $41 billion for its biggest dollar-denominated sale so far, Bloomberg reported Friday.The group, known...

  • Marvel creates Chinese superheroes to draw Asia fans

    Chinese superheroes will soon be joining the pantheon of larger-than-life Marvel universe mainstays Spider-Man, Iron Man and the X-Men, a company official said as the comic book giant makes a major thrust into Asia.As part of a...

  • China shuts Marriott website over Tibet error, scolds other firms

    Authorities in China have shut down Marriott's local website for a week and scolded Delta, Zara and a US medical firm Friday for listing Tibet, Taiwan and Hong Kong as separate countries.Alongside Marriott, the Spanish clothing...

  • Japan's 'Virtual Currency Girls' debut to fan frenzy

    Japan's latest "idol" band, the Virtual Currency Girls, took to the stage for their debut concert Friday to educate the public about cryptocurrencies -- playing to frenzied fans waving their arms and chanting together."Our brains...

  • Deadly 'long-lost disease' rages through Rohingya camps

    In a makeshift bamboo clinic, small children struggle to draw breath through surgical masks, victims of a forgotten but deadly disease that has torn through the teeming Rohingya refugee camps in Bangladesh.Diphtheria had been all...

  • China's US surplus jumps as trade with world picks up

    China's trade surplus with the United States expanded last year, raising the possibility of fresh blowback from President Donald Trump who has often bashed Beijing over the issue and fanned fears of a trade war.The increase came...

  • Gearing up for 2020 Olympics, Japan breaks tourism record

    A record number of tourists visited Japan last year, the government said Friday, as the country gears up to welcome the world to the Olympic Games in Tokyo in 2020.Some 28.7 million foreign tourists entered Japan in 2017, meaning...

  • Euro scales three-year dollar pinnacle on German deal hopes

    The European single currency surged Friday to a three-year peak against the dollar as German Chancellor Angela Merkel moved closer to a new coalition government, dealers said.The euro jumped to $1.2137, its highest level since...

  • US report raps Alibaba's Taobao, others for pirated goods

    Alibaba's Taobao website and numerous public markets around the world were cited Friday as purveyors of hundreds of thousands of dollars in pirated goods in the US government's annual "notorious markets" review.The report by the...

  • Uniqlo fashions strong profits from international sales

    Japan's Fast Retailing said Thursday that sales at its Uniqlo stores abroad had outstripped domestic demand for the first time, as Asia's biggest retailer delivered quarterly earnings that beat market expectations.Driven by a...

  • S. Korea govt sends bitcoin on rollercoaster ride

    Bitcoin and other virtual currencies were sent on rollercoaster rides in South Korea Thursday as the government said it was planning to ban cryptocurrency exchanges, before later backtracking.Justice Minister Park Sang-Ki said...

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