• South Africa's MTN faces new allegations in U.S. complaint
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    Reuters

    South Africa's MTN faces new allegations in U.S. complaint

    The original lawsuit was aimed at least eight multinational companies -- including MTN, security firm G4S, U.S. infrastructure group Louis Berger and consultancy Janus Global -- that operated in Afghanistan and Iran between 2009 and 2017. The suit, filed in December 2019 in the United States District

  • OPEC, allies meet to discuss output cuts
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    AFP News

    OPEC, allies meet to discuss output cuts

    OPEC and its allies are to meet via video conference Saturday to assess their current deal to slash production as oil prices tentatively recover on easing coronavirus lockdowns. The meeting, originally scheduled for next week, was brought forward to Saturday at the suggestion of Algerian Oil Minister

  • OPEC, allies meet to discuss output cuts
    News
    AFP News

    OPEC, allies meet to discuss output cuts

    OPEC and its allies were holding talks via video conference Saturday to assess their current deal to slash production as oil prices tentatively recover on easing coronavirus lockdowns. The 13-member cartel and other oil producing nations such as Russia and Mexico are discussing an agreement reached

  • Russia sees melting permafrost behind Arctic fuel spill
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    AFP News

    Russia sees melting permafrost behind Arctic fuel spill

    An unprecedented fuel spill that has polluted huge stretches of Arctic rivers was caused by melting permafrost, Russian officials said Friday, ordering a review of infrastructure in vulnerable zones. The spill -- which has coloured remote tundra waterways with bright red patches visible from space -

  • France wants 5G auction in September, junior minister tells Le Figaro
    Finance
    Reuters

    France wants 5G auction in September, junior minister tells Le Figaro

    France wants to launch its planned auction of 5G frequencies in September so that the fifth generation mobile network can be deployed by year-end, junior economy minister Agnes Pannier-Runacher said in remarks published on Friday. In February, telecoms regulator Arcep had said it was hoping to award

  • Stock markets power ahead on surprise US jobs rise
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    AFP News

    Stock markets power ahead on surprise US jobs rise

    Bourses in Europe and the United States surged Friday following a surprisingly strong US jobs report, which markets viewed as validating recent equity gains and proving the economy is recovering. The Labor Department reported the US economy regained 2.5 million jobs in May and the unemployment rate

  • Tech drives Nasdaq to all-time high as signs of recovery emerge from coronavirus pandemic
    News
    Reuters

    Tech drives Nasdaq to all-time high as signs of recovery emerge from coronavirus pandemic

    The Nasdaq's 43% rise since late March puts the tech-heavy index far ahead of the broader S&P 500, highlighting investors' willingness to bet that tech and communication companies will emerge stronger from the pandemic. The Nasdaq index on Friday closed 2.06% higher on the day after earlier

  • Sweden puts ex-envoy on trial over China dissident negotiations
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    AFP News

    Sweden puts ex-envoy on trial over China dissident negotiations

    Swedish prosecutors argued Friday that the country's former ambassador to China overstepped her role and risked national security by trying to negotiate the release of a dissident, as the first day of her trial concluded. Anna Lindstedt faces up to two years in prison if she is convicted of brokering

  • Warmest May on record, Siberia 10C hotter
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    AFP News

    Warmest May on record, Siberia 10C hotter

    Temperatures soared 10 degrees Celsius above average last month in Siberia, home to much of Earth's permafrost, as the world experienced its warmest May on record, the European Union's climate monitoring network said Friday. Large swathes of Siberia have been unusually warm for several months

  • Sweden puts ex-envoy on trial over China dissident negotiations
    News
    AFP News

    Sweden puts ex-envoy on trial over China dissident negotiations

    Sweden's former ambassador to China went on trial in Stockholm on Friday accused of overstepping her mandate and risking national security by trying to negotiate the release of a dissident. Anna Lindstedt faces up to two years in prison if she is convicted of brokering an unauthorised meeting in

  • Half-freed from lockdown, Spaniards rush to shops, card payments show
    News
    Reuters

    Half-freed from lockdown, Spaniards rush to shops, card payments show

    The easing of Spain's coronavirus lockdown led Spaniards to spend with gusto in May after halting buying for a month and a half, bank-card transaction data from Spain's second-largest bank BBVA showed on Friday. Spending rose 8% in May in provinces which reached Phase 2, a more advanced stage

  • Russia says has stopped spread of Arctic fuel spill
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    AFP News

    Russia says has stopped spread of Arctic fuel spill

    Russia has managed to contain a massive diesel spill into a river in the Arctic, a spokeswoman for the emergencies ministry told AFP on Friday. Environmentalists said the oil spill, which took place last Friday, was the worst such accident ever in the Arctic region. It caused 15,000 tonnes of fuel

  • Testing the waters: South Korea's waterparks open under new anti-virus measures
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    Reuters

    Testing the waters: South Korea's waterparks open under new anti-virus measures

    Only a handful of rubber floats tumbled down the giant slide at South Korea's largest waterpark on Friday, its first day back in business since the coronavirus pandemic hit. More visitors are expected to follow as summer gets under way, but new social distancing rules will make cooling off at Caribbean

  • Sweden to announce landmark decision on 1986 Palme murder
    News
    AFP News

    Sweden to announce landmark decision on 1986 Palme murder

    Swedish prosecutors will announce on Wednesday whether they plan to press charges or close the investigation into the unsolved 1986 murder of prime minister Olof Palme. An unidentified attacker shot Palme in the back and fled, leaving the 59-year-old dying in a pool of blood on the sidewalk. "

  • Anger as French-Iranian academic marks one year in Iranian prison
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    AFP News

    Anger as French-Iranian academic marks one year in Iranian prison

    French-Iranian academic Fariba Adelkhah on Friday marked one year of incarceration in Iran, in a case that has intensified tensions between Paris and Tehran and angered supporters who fear she is the victim of a political battle of wills. Last month she was ordered to serve five years in prison after

  • Australian newswire AAP back from brink as buyer emerges
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    AFP News

    Australian newswire AAP back from brink as buyer emerges

    The Australian Associated Press appeared to have been saved from closure after the newswire's chief executive announced Friday that a sale was tentatively agreed with a philanthropic-led consortium. Three months after staff were told the AAP would shutter, management announced that a consortium,

  • Global vaccines programme gets $8.8bn shot in the arm
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    AFP News

    Global vaccines programme gets $8.8bn shot in the arm

    Governments around the world on Thursday pledged $8.8 billion for global vaccines alliance Gavi to help immunisation programmes disrupted by coronavirus, prompting calls for global cooperation to ensure a potential COVID-19 vaccine is available to all. The online meeting beat a target to raise $7.4

  • Virtual certainty? Bankers ask if success of remote roadshows will last
    Finance
    Reuters

    Virtual certainty? Bankers ask if success of remote roadshows will last

    Who needs expensive lunches at glitzy hotels and fancy restaurants to court investors for bond deals or the sale of new shares on the stock exchange? In a world governed by quarantine and social distancing rules, even lead managers on multi-billion-dollar deals have had to curtail travel and drop the

  • Singapore plans wearable virus-tracing device for all
    News
    Reuters

    Singapore plans wearable virus-tracing device for all

    Singapore plans to give a wearable device that will identify people who had interacted with carriers of coronavirus to each of its 5.7 million residents, in what could become one of the most comprehensive contact-tracing efforts globally. Testing of the small devices, which can be worn on the end of

  • Toshiba forecasts annual profit drop vs rise expected, limited virus impact
    Finance
    Reuters

    Toshiba forecasts annual profit drop vs rise expected, limited virus impact

    Toshiba Corp forecast on Friday a 15.7% drop in annual operating profit compared with expectations of a small rise in profit, even as a recent portfolio overhaul helps the industrial conglomerate limit the impact of the coronavirus outbreak. It forecast profit of 110 billion yen ($1 billion) for the

  • Hong Kong protesters seek sanctuary overseas as noose tightens
    News
    AFP News

    Hong Kong protesters seek sanctuary overseas as noose tightens

    Hong Kong protester Crystal has yet to tell her parents she has fled overseas to seek asylum in Canada, one of a growing number of residents choosing self-exile as Beijing tightens control. Activists in Canada say at least 50 former Hong Kong protesters lodged asylum applications before the coronavirus

  • As coronavirus sinks global demand, China’s exporters go online to tap domestic market
    Finance
    Reuters

    As coronavirus sinks global demand, China’s exporters go online to tap domestic market

    YIWU, China/SHANGHAI (Reuters) - At this time of the year, Deng Jinling would normally be welcoming foreign buyers to her vacuum flask showroom or cramming her goods into containers to be shipped to customers in the United States. Now desperate exporters are turning to the domestic market, and they

  • Stock market investors take profits as ECB boosts firepower
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    AFP News

    Stock market investors take profits as ECB boosts firepower

    A rally in global stock markets petered out Thursday but resolute action from the European Central Bank to fight the coronavirus fallout put a floor under losses from investors cashing in on recent gains. The euro rose and southern European bond yields slipped after the ECB added another 600 billion

  • Broadcom's revenue forecast disappoints on possible Apple iPhone delay
    Finance
    Reuters

    Broadcom's revenue forecast disappoints on possible Apple iPhone delay

    The company forecast fiscal third-quarter revenue of about $5.75 billion, plus or minus $150 million. "We would normally expect to see a double-digit sequential uplift in revenue from the ramp of next-generation phone at our large North American mobile phone customer," Chief Executive Hock

  • Slack revenue growth fails to impress, shares tank
    News
    Reuters

    Slack revenue growth fails to impress, shares tank

    Slack also withdrew its 2021 billing outlook citing uncertainty driven by the COVID-19 pandemic, and said it had seen sales from some large customers slow down in the worst-affected industries, such as travel, hospitality and ride-sharing. "There's less visibility into how spending will trend