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BELGIUM, Brussels (AFP) — The participation of the International Monetary Fund in the Greek bailout programme is “non-negotiable”, the head of eurozone finance ministers said on Thursday (January 26). Speaking at the end of a monthly meeting of eurozone finance ministers in Brussels, Jeroen Dijsselbloem said future bailout programmes for Greece may be carried out without the IMF, but for the current one, the participation of the IMF was “non-negotiable” because of the expertise of […]
WASHINGTON, United States (AFP) — Microsoft on Thursday reported a rise in profits over the past quarter, showing gains in cloud computing and other new areas of focus as it absorbed the LinkedIn social network. The US tech giant said profits rose 3.6 percent in the second fiscal quarter to $5.2 billion, while revenues edged up one percent to $24 billion. The US tech giant, which is shifting away from dependence on software to a […]
by Nathalie OLOF-ORS Agence France-Presse ZURICH, Switzerland (AFP) -US pharmaceuticals giant Johnson & Johnson on Thursday announced it was buying Europe’s biggest bio-pharmaceutical firm Actelion for $30 billion (27.9 billion euros) in a deal that creates a new spin-off company. The world’s biggest producer of healthcare goods will acquire all the outstanding shares of Switzerland-based Actelion for $280 per share, the two companies said in a joint statement. With the deal, which has been approved […]
HONG KONG, China (AFP) — The global rally in stocks pushed into another day, with Tokyo leading a surge in Asian markets Thursday following another record close on Wall Street that saw the Dow hit a historic milestone. After weeks of unease across trading floors, investors around the world have refound the optimism that fuelled a surge in the two months after Donald Trump was elected president. The latest lease of life comes after the […]
TOKYO, Japan (AFP) — Tokyo stocks rose Thursday morning after the Dow topped 20,000 points for the first time on hopes US President Donald Trump’s economic plans will ramp up growth. The surge was the latest sign that investors are brushing aside worries about Trump’s bent towards trade protectionism and instead betting that the White House and Republican Congress will usher in tax cuts, spend big on infrastructure and slash red tape. “The US economy […]
SAN FRANCISCO, United States (AFP) — Under pressure to stymie the spread of fake news, Facebook on Wednesday modified its system for showing trending topics. The leading social network said that instead of simply showing a topic, it will include headlines from articles about the trending subjects along with sources publishing those stories. “This was the most requested feature addition since the last update we made,” product management vice president Will Cathcart said in a […]
KUWAIT CITY, Kuwait (AFP) — Oil markets have already begun to rebalance after strong signs that producers are complying with output cuts, Kuwait Oil Minister Essam al-Marzouk said on Wednesday. “We are confident that rebalancing in the oil markets has already started,” Marzouk said. “We expect a positive impact on the market by the end of the first quarter of 2017,” he told a conference organised by Petroleum Intelligence. Marzouk said that signs indicate that […]
OTTAWA, Canada (AFP) — After Donald Trump formally withdrew the United States from the Trans-Pacific Partnership on Tuesday, Canadian Prime Minister Justin Trudeau said his Pacific trade focus will turn to Japan and China. “We have long been proponents of trade,” Trudeau told a press conference. “That’s why we are busy on multiple trade fronts at the same time.” He noted last year’s start of talks with Japan on improving trade ties, while next […]
by Glenn CHAPMAN Agence France Presse SAN FRANCISCO, United States (AFP) — A federal appeals court on Tuesday reaffirmed Microsoft’s legal right to refuse a US government order to hand over data stored overseas in a case with important privacy implications. A divided panel of judges in New York denied a petition by the US for a rehearing of a ruling last year in a case pitting Microsoft against the government over data stored in […]
by Hwang Sunghee Agence France Presse SEOUL, South Korea (AFP) — Samsung Electronics’ profits leaped in the fourth quarter, it said Tuesday, despite the humiliating Galaxy Note 7 recall that hammered the reputation of the world’s largest smartphone maker. The South Korean tech giant took another blow when prosecutors began investigating its involvement in a corruption scandal, which has seen the country’s president impeached, and sought the arrest of the firm’s de facto leader Lee […]
NEW YORK, United States (AFP) — McDonald’s reported slightly lower fourth-quarter earnings Monday as strong sales in Britain, Japan, China offset a drop in the United States. The fast-food giant, which modified its menu in its home market after a lengthy slump, and restructured its international business, said its turnaround remained on track. The weaker performance in the US was due partly to more difficult year-over-year comparisons in late 2016 after the iconic chain unveiled the […]
SAN FRANCISCO, United States (AFP) — A charitable foundation backed by Mark Zuckerberg and his wife said Monday it has bought a Canadian artificial intelligence startup as part of a mission to eradicate disease. The Chan Zuckerberg Initiative did not disclose financial terms of the deal to acquire Toronto-based Meta, which uses AI to quickly read and comprehend scientific papers and then provide insights to researchers. Meta capabilities will be unified in a tool made […]
