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Asian markets tumble as tech bubble fears grow
Tech companies led a sharp sell-off across Asia on Wednesday as investors grow increasingly worried about an AI bubble following a rally this year that has seen valuations hit record highs.
Concerns at ILO over expected appointment of close Trump advisor
The expected appointment of a close Donald Trump advisory to a top post at the International Labour Organization has sparked criticism internally, with Washington owing the UN agency tens of millions in dues.
New lawsuit alleges Spotify allows streaming fraud
A new lawsuit alleges streaming giant Spotify turns a blind eye to vast networks of bots that inflate streaming figures to benefit megastars such as Drake at the expense of lesser-known artists.
Stocks mostly drop as tech rally fades
Global stocks mostly fell Tuesday as investors weighed the recent tech rally on Wall Street against growing fears of an AI bubble and concerns over the US interest-rate outlook.
Cement maker Lafarge on trial in France over jihadist funding
Cement conglomerate Lafarge went on trial in France Tuesday, accused of paying the Islamic State group and other jihadists protection money to build its business in war-torn Syria.
Shein vows to cooperate with France in probe over childlike sex dolls
Asian e-commerce giant Shein Tuesday pledged to "cooperate fully" with French judicial authorities after an uproar over it selling childlike sex dolls, and said it was prepared to disclose the names of people who bought them.
Experts call for global panel to tackle 'inequality crisis'
Wealth inequality is a global emergency that threatens democracy and social cohesion, experts warned Tuesday, urging G20 leaders meeting in South Africa this month to establish a panel to tackle the crisis.
Stocks drop as tech rally fades
Stock markets fell Tuesday as investors weighed the recent tech rally on Wall Street against growing fears of an AI bubble and concerns over the US interest-rate outlook.
Nvidia, Deutsche Telekom unveil 1-bn-euro AI industrial hub
US tech giant Nvidia and Deutsche Telekom said Tuesday a one-billion-euro ($1.1 billion) industrial artificial intelligence hub will soon be launched in Germany, Europe's latest bid to catch up in the global AI race.
Stocks drop as traders assess tech rally
Stock markets fell Tuesday as investors weighed the recent tech rally on Wall Street against growing fears of an AI bubble and concerns over the US interest-rate outlook.
Spain's Telefonica shares drop on dividend cut, net loss
Shares in Spanish telecoms giant Telefonica fell sharply on Tuesday after it posted a net loss for the first nine months of the year and announced it would cut its dividend by half in 2026.
Shein vows to cooperate with France in sex doll probe
Asian e-commerce giant Shein Tuesday pledged to "cooperate fully" with French judicial authorities after an uproar over it selling childlike sex dolls, and said it was prepared to disclose the names of people who bought them.
BP profit surges despite lower oil prices
British energy giant BP on Tuesday reported a sharp rise in net profit for the third quarter as higher oil output and cost-cutting helped offset a drop in crude prices.
Shein vows to cooperate with France in childlike sex doll probe
Asian e-commerce giant Shein Tuesday pledged to "cooperate fully" with French judicial authorities after an uproar over it selling childlike sex dolls, and said it was prepared to disclose the names of people who bought them.
Asian markets slip as traders eye tech rally, US rate outlook
Asian markets fell Tuesday as investors assessed the latest tech rally on Wall Street amid worries a bubble is forming in the sector, while mixed signals from Federal Reserve officials fed uncertainty over its next interest rate move.
Asian markets swing as trades eye tech rally, US rate outlook
Asian markets fluctuated Tuesday as investors assessed the latest tech rally on Wall Street amid worries a bubble is forming in the sector, while mixed signals from Federal Reserve officials fed uncertainty over its next interest rate move.
Mixed day for global stocks as market digests latest AI deals
Global stock markets were mixed Monday with the Nasdaq rising and the Dow retreating as traders digested major AI deals boosting the tech sector.
US Fed's Cook warns inflation to stay 'elevated' next year
A key US central bank official warned Monday that inflation would likely remain elevated in the coming year as tariffs bite, while vowing to fulfill her duties even as President Donald Trump seeks her removal.
Stock markets diverge despite boost from AI deals
Global stock markets diverged Monday despite fresh major AI deals boosting the tech sector.
Stock markets rise as tech sector buoyed by fresh AI deal
Global stock markets mostly rose Monday as a fresh major AI deal fuelled a rally in the tech sector.
German plans to lower industrial power costs from January
Germany plans to begin a scheme to slash energy costs for power-hungry manufacturers in January, the economy minister said Monday, part of efforts to revive Europe's struggling industrial powerhouse.
Stock markets rise on AI optimism
Major European and Asian stock markets rose Monday as optimism over the artificial intelligence sector carried over into the new week, according to analysts.
France threatens Shein ban if 'childlike' sex dolls reappear
France's finance minister threatened Monday to ban Shein from the country if the Asian e-commerce giant resumes selling "childlike" sex dolls, just days before it opens its first physical store in Paris.
Most equity markets rise on lingering trader optimism
Stocks rose on Monday after a busy last week, with optimism supported by another AI-led tech rally on Wall Street.
Asian markets rise on lingering trader optimism
Stocks rose in Asian trade Monday after a busy last week, with optimism supported by another AI-led tech rally on Wall Street.
As clock ticks down, Greece tries to clean up its act on waste
Cell phone glued to his ear, Kosmas Vassilas watches his truck crews round up multi-coloured bins on the island of Corfu, where a groundbreaking recycling initiative is bucking the trend of Greece's anarchic waste disposal.
Most Asian markets rise on lingering trader optimism
Most stocks rose in Asian trade Monday after a busy last week, with optimism supported by another AI-led tech rally on Wall Street.
Affiliate of Pacific Avenue Capital Partners Completes Acquisition of FLSmidth Cement from FLSmidth & Co. A/S
LOS ANGELES, CA / ACCESS Newswire / November 3, 2025 / Pacific Avenue Capital Partners ("Pacific Avenue"), a leading global private equity firm focused on corporate carve-outs and other complex situations in the middle market, today announced it has completed the acquisition of FLSmidth Cement A/S ("FLSmidth Cement" or "Company"), from FLSmidth & Co. A/S (CPH:FLS) ("FLSmidth"). With the completion of the transaction, FLSmidth Cement will operate under the new name Fuller Technologies ("Fuller"), marking the beginning of its next chapter as an independent, technology-driven leader serving the global cement sector. Fuller is a leading solutions provider for the cement production industry focused on providing aftermarket parts and services to as well as new and replacement equipment for cement plants around the globe. The Company has manufacturing locations in North America, Europe, and Asia, and its global installed base spans over 1,400 of the world's approximate 2,700 cement plants.
'Regretting You' wins spooky slow N. American box office
Paramount's "Regretting You," the latest film adaptation of a Colleen Hoover novel, finished first place in a lackluster Halloween weekend at the North American box office, industry estimates showed Sunday.
OPEC+ further hikes oil output
The eight key members of the OPEC+ alliance, including Saudi Arabia and Russia, on Sunday said they had agreed a further slight hike to their oil production.
Death becomes a growing business in ageing, lonely South Korea
Rows of coffins line a university classroom in the South Korean port city of Busan, ready for use in training the funeral directors of the future in a rapidly ageing country.
Denmark's fabled restaurant noma sells products to amateur cooks
Several times crowned the best restaurant in the world, noma, a beacon of gastronomy in Copenhagen, wants to carve a niche among home cooks by selling them some of its products.