AFP News

  • Pressure on ILO to stop taking funds from Big Tobacco

    Nearly 200 organisations and individuals from around the world urged the International Labour Organization Monday to stop taking money from tobacco companies and to sever all ties with the industry. In a letter addressed to...

  • Panic as cabin pressure drops on AirAsia plane from Australia

    Passengers recounted their panic Monday after a sudden loss of pressure on their AirAsia flight caused oxygen masks to drop from the ceiling and sent their plane into a steep drop.AirAsia said the Airbus A320, carrying 151 people,...

  • Hong Kong skyscraper sold for record $5.15 billion: report

    A landmark skyscraper owned by Hong Kong's richest man Li Ka-shing has sold for a record of more than $5 billion, a report said Monday, indicating that the city's booming property sector shows no sign of slowing down.Li's CK Asset...

  • S. Korea police seek arrest warrant for Hanjin chief

    South Korean police on Monday sought an arrest warrant for the chairman of Hanjin Group -- a former chief organiser of the 2018 Winter Olympics -- for embezzling millions of dollars of company funds.Cho Yang-Ho is under...

  • China factory inflation rises as PBoC boss sees strong H2 growth

    China's factory price inflation rose again in September, official data showed Monday, indicating the improving domestic demand while the central bank chief said he expects strong growth in the second half despite fears of...

  • Bank shares lead US stocks to records; Madrid falls

    Strong gains by bank shares helped push US stocks to fresh records Monday, while Madrid sank on resurgent worries over the Catalan independence crisis.Comments from Federal Reserve Chair Janet Yellen over the weekend predicting...

  • Futuristic solar-powered Dutch family car hailed 'the future'

  • Kobe Steel, Nissan scandals tarnish image of Japan Inc

    Embarrassing scandals at Kobe Steel and Nissan have tarnished the reputation of Japan Inc for quality, as once-mighty industrial world-beaters battle fierce global competition and shrinking profit margins.Once again, the image of...

  • US mobile carriers Sprint, T-Mobile to merge: report

    Japan's SoftBank has reached a broad accord to merge its US subsidiary Sprint with T-Mobile to create a rival to America's top two wireless carriers, a newspaper said Saturday.SoftBank and German group Deutsche Telekom, which...

  • India's Reliance posts 12.5 percent rise in profit

    Indian oil-to-telecom conglomerate Reliance Industries on Friday recorded a 12.5 percent rise in its second-quarter net profit, boosted by higher margins from its core oil refining business. Consolidated net profit for the three...

  • Japan's Kobe Steel scandal spreads, 500 firms affected

    Japan's Kobe Steel admitted Friday that a snowballing falsified data scandal had affected around 500 customers, more than twice as many as initially thought.More than 30 foreign customers were affected, including Boeing, Airbus,...

  • S. Korea, China renew $56 bn currency swap deal despite diplomatic tensions

    South Korea and China have renewed a $56 billion currency swap deal, Seoul said Friday, despite tensions over the controversial deployment of a US anti-missile system in the South.There had been fears the diplomatic row would...

  • Japan's Kobe Steel shares dive as quality scandal spreads

    Shares in Japan's Kobe Steel dived Friday on a report that its widening quality scandal has spread to more than 30 foreign customers, including Boeing, General Motors, and French automaker PSA.The stock fell almost nine percent to...

  • China's imports from North Korea fall as trade with world surges

    China's imports from North Korea fell for the seventh month in a row, official data showed Friday, after Beijing vowed to apply UN sanctions to pressure Pyongyang over its nuclear and missile tests.Speaking at a press conference,...

  • European equities ease on firmer euro

    Europe's major stock markets eased on Friday, weighed down by a firmer euro after inflation data in the US showed that price pressures remained subdued in the world's biggest economy, dealers said.After holding steady for most of...

  • Battle of the online sex crimes in high-tech S. Korea

  • 'Death by overwork': occupational hazard for Japan's media

    The news that a young reporter at Japan's public broadcaster had worked herself to death came as little surprise to those inside the country's media, where a culture of excessively long hours has become the norm."I thought it...

  • Chevron abandons Great Australian Bight drill plans

    Energy giant Chevron Friday joined BP in ditching plans to drill in the Great Australian Bight citing weak oil prices, with environmentalists urging other major players to follow suit.The company had planned to drill exploration...

  • US stocks retreat from records as Europe eyes Catalan crisis

    Wall Street stocks retreated from records Thursday as investors soured on financial shares following earnings from large banks.The pullback in the US came on a mixed day for European equities as investors continued to weigh the...

  • India's TCS profits fall amid weak growth in retail, banking

    India's largest IT services firm Tata Consultancy Services blamed a two percent fall in quarterly earnings Thursday on muted growth in the retail and banking sectors, two of its largest revenue drivers.Net profit for the three...

  • Japan's Kobe Steel CEO warns of deepening quality scandal

    The head of Japan's Kobe Steel warned Thursday that a quality control scandal engulfing his firm was likely to widen at home and abroad, as he acknowledged that trust in the steelmaker has "fallen to zero".The comments came as a...

  • Evergrande boss is wealthiest as China's rich get richer

    The net worth of China's ultra-rich surged this year with Evergrande real estate mogul Xu Jiayin's $43 billion fortune catapulting him to the top, a survey released Thursday said.An all-time high 2,130 people made the annual...

  • Uniqlo operator says annual profit soars to record

    Uniqlo's parent company said Thursday that its annual net profit more than doubled from a year ago to a record thanks to strong sales and as a cheaper yen inflated profits.Fast Retailing's net profit came in at 119 billion yen ($1...

  • Appeal trial for Samsung heir starts in Seoul

    Samsung heir Lee Jae-Yong was back in court Thursday to appeal his five-year sentence for bribing South Korea's ousted president Park Geun-Hye, with prosecutors arguing for a longer jail term.Lee, vice-chairman of Samsung...

  • Qualcomm slapped with record antitrust fine in Taiwan

    Taiwanese authorities have imposed a record fine of nearly $800 million on Qualcomm for antitrust violations in the latest of a string of setbacks for the US computer chip giant. Taiwan's Fair Trade Commission slapped Qualcomm...

  • Samsung Electronics CEO resigns, even as record profits expected

    The chief executive of Samsung Electronics resigned Friday, saying the South Korean tech giant was facing an "unprecedented crisis", even as it flagged record third-quarter profits.Kwon Oh-Hyun's resignation comes as the company...

  • Wall Street ends at fresh records; Spanish stocks gain

    Wall Street stocks finished at new records Wednesday on optimism about earnings season, while Spanish equities rallied after Catalan leader Carles Puigdemont adopted a more conciliatory tone in a speech on Catalan independence.All...

  • Sri Lanka to regulate hooch to plug tax gaps

    Sri Lanka is to start regulating the traditional home-brewed alcohol known locally as toddy in an effort to increase its tax revenues, a government spokesman said Wednesday.Toddy, a popular alcoholic drink made from the fermented...

  • India's ride-hailing company Ola raises $1.1bn

  • Tokyo's Nikkei stock index closes at 21-year high

    Tokyo's benchmark stock index closed at a more than two-decade high Wednesday, as the Japanese market rides a global equities rally with its US counterparts hitting fresh records.The Nikkei 225 rose 0.28 percent, or 57.76 points,...

  • Japan steel scandal grows as more carmakers hit

    Top Japanese automakers said Wednesday they were scrambling to assess the safety of vehicles containing products from Kobe Steel, which has admitted falsifying quality data in a growing scandal.Toyota, Nissan, Honda, Mitsubishi...

  • Indian traders choking on Modi's economic medicine

    Tax overhauls and black market clampdowns have been touted as radical medicine to modernise India's economy, but for small traders like Swarn Singh Darera, "Modinomics" has been a bitter pill to swallow.At his factory in the...

  • Vietnam Airlines, Air France sign deal to boost routes

    Vietnam Airlines and Air France signed a joint venture Tuesday to increase routes between Europe and Vietnam, as they try to capitalise on a fast-growing appetite for travel to and from Southeast Asia.The deal, to take effect from...

  • IMF raises China growth forecast for 2017 to 6.8 pct

    The International Monetary Fund raised its growth forecast for China on Tuesday but again warned of risks stemming from the build-up of debt in the world's second largest economy.The fund's latest World Economic Outlook gives...

  • Abe, Koike trade blows as Japan election campaign kicks off

    Tokyo's popular governor Yuriko Koike and Prime Minister Shinzo Abe traded barbs Tuesday as the gloves came off for the official start of a snap election campaign in the world's third-largest economy.Conservative premier Abe, 63,...

  • Kobe Steel shares melt as falsified data scandal heats up

    Japan's Kobe Steel lost a fifth of its market value on Tuesday after it admitted falsifying quality data for aluminium and copper products shipped to some 200 clients, including auto giant Toyota.The stock dived 22 percent to...

  • Wal-Mart lifts Dow to record; Spanish stocks slide

    A strong forecast from retail behemoth Wal-Mart propelled the Dow to a fresh record Tuesday, while the Catalan political crisis in Spain weighed on European equity markets.Wal-Mart Stores surged 4.5 percent after projecting...

  • Sony to broadcast Australia cricket games in India

    Sony has won the Indian broadcast rights for all men's and women's international cricket played in Australia on a six-year deal, Cricket Australia announced Tuesday.The agreement, for an undisclosed sum, includes the exclusive...

  • Thai airlines get safety boost as UN agency lifts 'red flag'

    The UN's aviation agency has removed a safety "red flag" against Thai carriers, the kingdom's junta leader said Monday, in a major boost to the country's stuttering airlines.A 2015 audit by the International Civil Aviation...

  • Kobe Steel fabricated data for aluminum, copper products

    Major Japanese steelmaker Kobe Steel said it has systematically fabricated inspection data for aluminium and copper products that may have gone to around 200 clients, reportedly including Toyota.The admission is the latest in a...

  • Australia's biggest bank vows to fight class action

    Australia's biggest bank, the Commonwealth, vowed Monday to fight what could become the country's largest shareholder class action over alleged breaches of anti-money laundering laws.The open class action, filed by law firm...

  • French giant AccorHotels bids for Australia's Mantra

    France's AccorHotels has made a Aus$1.17 billion (US$910 million) bid for one of Australia's biggest hotel operators, the Mantra Group, the local company said Monday in a move that sent its share price soaring.Mantra, which...

  • European stock markets diverge as traders track Brexit, Spain

    European stock markets were mixed Monday as investors were looking for fresh clues on Brexit talks from a speech by embattled British Prime Minister Theresa May.The euro meanwhile held firm in the face of mounting pressure against...

  • UN slaps global port ban on ships for North Korea sanctions violations

    The UN has slapped a global port ban on four vessels found violating sanctions against North Korea, the head of an expert panel said on Monday in what he described as an unprecedented move.The United States led a drive at the...

  • More than $500 million in bank shares transferred on Thai king's behalf

    The financial arm of Thailand's ultra-rich monarchy has transferred bank shares worth more than $500 million on behalf of King Maha Vajiralongkorn, according to the Securities and Exchange Commission (SEC). The SEC filing said the...

  • Philippine flag carrier agrees to pay $117m aviation fees

    Flag carrier Philippine Airlines said Friday it will pay the government six billion pesos ($117 million) after President Rodrigo Duterte threatened to cut off its access to Manila airport over alleged unpaid landing and other...

  • Sri Lankan police clash with protesters, arrest 26

    Police in Sri Lanka clashed Friday with hundreds of supporters of the former president who were protesting plans to privatise an airport named after him, firing tear gas and water cannon and arresting 26.The $210 million airport...

  • Philippines tobacco giant pays $586 mn to settle tax case

    The Philippines said Friday it has dropped a tax evasion case against the country's number-two cigarette manufacturer after it was sold to Japan Tobacco to raise funds for a record 30 billion-peso ($586 million) settlement.Manila...

  • N. Korea says it is operating some factories left by Seoul

    North Korea has started operating some Seoul-invested factories in its Kaesong industrial complex after South Korea pulled out of the joint venture, Pyongyang's online media said Friday.The South suspended operations at the...

  • US jobs data knock Dow, S&P 500 from record pedestal

    Big-box retailers and petroleum producers were among the losers Friday as major US stock indices retreated from records following a disappointing jobs report.The closely-watched September jobs report showed the US lost 33,000 jobs...

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