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Toyota to replace Akio Toyoda as president and CEO
Toyota named Koji Sato president and CEO on Thursday, in a surprise reshuffle that sees third-generation chief executive Akio Toyoda step aside to become board chairman of the world's top-selling automaker.
Hong Kong reopens to lead Asian rally
Most Asian markets rose Thursday as the majority returned from the Lunar New Year break on an optimistic note, with inflation slowing and central banks hinting at a lighter approach to tackling prices.
UK cost-of-living crisis pushes mothers to the brink
At an east London church on a bitterly cold winter's day, Beautine Wester-Okiya picks her way through boxes of donated baby clothes, toys and other assorted items destined for local people battered by the UK's cost-of-living crisis.
Toyota says replacing Akio Toyoda as president and CEO
Toyota named Koji Sato as its new president, CEO, and operating officer Thursday, replacing third-generation chief executive Akio Toyoda -- who will become board chairman.
US growth expected to slow in fourth quarter as downturn fears loom
The US economy is forecast to have grown but at a slower pace in the final months of 2022, helped by consumption and business investment although recession fears loom.
'Invasion Day' rallies mark divisive national holiday in Australia
Thousands protested Australia's increasingly divisive national day Thursday as the public debates whether the country's Indigenous population should be recognised in the constitution.
IBM to cut 3,900 jobs as it reorganizes business
IBM will slash some 3,900 jobs, slightly more than one percent of its workforce, related to businesses it has divested, a source close to the matter told AFP on Wednesday.
Peru faces food, fuel shortages as Boluarte defiant
Shortages in Peru of basic products, including increasingly expensive fuel and food, mount further Wednesday, as the president remained defiant in the face of relentless protests.
Hong Kong returns to lead most Asian markets higher
Most Asian markets rose Thursday as the majority returned from the Lunar New Year break on an optimistic note, with inflation slowing and central banks hinting at a lighter approach to tackling prices.
Migrants in Morocco limbo as they cling to Europe dreams
Oumar left home in Guinea five years ago in search of a better life in Europe, but today he inhabits a daily purgatory of hunger, cold and police violence in Morocco.
Meta says Trump to be allowed back on Facebook, Instagram
Social networking giant Meta announced Tuesday that it would soon reinstate former US president Donald Trump's accounts on Facebook and Instagram with "new guardrails," two years after he was banned over the 2021 assault on the Capitol.
Stocks slip before US economic updates and on earnings worries
European and US stock markets slid on Wednesday as investors reacted to underwhelming company earnings and braced for economic growth data in the United States.
Elderly, Asian gunman outlier in US mass shootings
Mass shootings in the United States have become agonizingly common, but the two recent incidents in California stand out for their difference: the alleged attackers were men of Asian descent, both elderly.
Boeing reports Q4 loss but reaffirms 2023 targets
Persistent supply chain woes and staffing issues led to another quarterly loss at Boeing, but the company on Wednesday confirmed its 2023 outlook amid strong aviation demand.
Microsoft users kicked out of apps during global outage
US tech giant Microsoft said on Wednesday it had suffered a global outage that limited access to software including Outlook and Teams for several hours.
Former McDonald's reopen in Kazakhstan without logo
Several restaurants that used to work under the McDonald's brand in Kazakhstan reopened on Wednesday without the chain's logo, weeks after the fast-food giant exited the country over supply problems.
Canada central bank raises key interest rate to 4.5%
Canada's central bank on Wednesday raised its key lending rate for the eighth time in less than a year, this time by 25 basis points to 4.5 percent, as it tries to tame inflation.
Venice recruits next generation in flooding fight
As rising waters fuel fears that Venice may one day be entirely submerged, local children are being educated on how to protect the lagoon, a fragile ecosystem threatened by climate change.
Stocks slip before economic updates
European and US stock markets slid on Wednesday as investors braced for key company earnings and economic growth data in the United States.
Thousands protest South Africa's energy crisis
Several thousands of people took to the streets in South Africa on Wednesday to protest a prolonged energy crisis that has resulted in crippling power cuts for the continent's most industrialised economy.
Boeing reports Q4 loss of $634 mn, reaffirms 2023 targets
Boeing reported a fourth-quarter loss of $634 million on Wednesday as elevated operating and supply chain costs offset a December uptick in commercial plane deliveries.
German economy to avoid recession in 2023, says Berlin
Germany is set to narrowly escape a recession this year, the government said Wednesday, as Europe's biggest economy weathers the fallout from the Ukraine war better than expected.
ChatGPT bot passes US law school exam
A chatbot powered by reams of data from the internet has passed exams at a US law school after writing essays on topics ranging from constitutional law to taxation and torts.
Adani stocks fall in India on fraud, stock manipulation claims
Asia's richest man Gautam Adani saw his net worth drop six billion dollars on Wednesday after a US investment firm accused him of "brazen stock manipulation and accounting fraud".
Hundreds protest S.Africa energy crisis
Hundreds of people took to the streets in Johannesburg on Wednesday to protest a prolonged energy crisis causing record power cuts in South Africa.
Microsoft scrambles to fix global outage
US tech giant Microsoft said on Wednesday it was working to fix a networking problem that had left users across the world struggling to access tools like Outlook and Teams.
EasyJet hikes profit forecast on demand boom
British airline EasyJet hiked Wednesday its annual profit guidance after record demand and falling quarterly losses, as customers prioritise holidays and shrug off the cost-of-living crisis.
Gold mines, trash and memories: Soweto's urban hikes
Soweto is full of gritty urban landscapes and alleys which evoke its history as one of apartheid's battlegrounds.
Coastal town of Half Moon Bay mourns mass slaying
A singing bowl held by a Buddhist monk was struck once for each of seven people shot dead in Half Moon Bay as residents gathered to grieve in a local church late Tuesday.
Shock turns to disbelief in mass shooting-hit Asian communities
When an Asian man sprayed bullets around a dance studio full of Asian revelers in California, it sent shockwaves through the community.
Eight missing after ship sinks between Japan, S. Korea
Japan and South Korea's coast guards were searching Wednesday for eight crew from a cargo ship that sank between the two countries, after 14 others were rescued.
Generation Z finding time for second-hand luxury watches
Swiss watches are in high demand these days, but sales of second-hand timepieces are also booming, driven by Generation Z buyers who want luxury goods but are also sustainability-minded.