BUSINESS

Rolls-Royce, the British manufacturer of aircraft engines, said Tuesday it plans to axe up to 2,500 jobs worldwide, or about six percent of its staff, to further slash costs.

China's landmark Belt and Road Initiative (BRI) has thousands of infrastructure projects in every corner of the globe, generating a staggering $2 trillion in contracts while courting international controversy.

Apple chief Tim Cook made a surprise visit to China this week, greeting gamers in the southwestern city of Chengdu as his company faces slumping phone sales in its biggest market.

Donald Trump was expected to attend his New York civil fraud trial when it reconvenes on Tuesday, a day after the former US president was slapped with a partial gag order in a separate criminal case.

Sales of smartphones continued to shrink globally in the recently-ended quarter as consumers watched spending, market tracker Counterpoint reported on Monday.

Russian President Vladimir Putin arrives in China on Tuesday to meet his "dear friend" Xi Jinping, bolstering their relationship at an infrastructure summit that will be overshadowed by the Israel-Hamas war.

Auto giant Ford's executive chairman on Monday urged workers to end their month-long strike, warning a prolonged stoppage could have a major economic impact.

Argentina is Latin America's third-largest economy, bursting with natural resources, but has been unable to claw its way out of decades of economic instability that has brought its population to its knees.

US President Joe Biden abruptly cancelled a domestic political trip to meet with his national security team Monday as he weighed an invitation to go to Israel to show support as it wages war against Hamas.

The social network is cutting jobs for the second time this year and said it will continue investing in strategic priorities.

A group of relatives of soldiers missing in action or taken prisoner protested in Kyiv Monday, accusing President Volodymyr Zelensky and the military leadership of failing to help them.

Israel has one of the best-resourced militaries in the world, hugely supported by Washington.

Facebook content moderators in Kenya said settlement talks to resolve a labour lawsuit against the social media behemoth's parent Meta collapsed on Monday, setting the stage for a renewed court battle.

The survey showed that executives are still optimistic about future conditions for their businesses.

European leaders urged dialogue between Kosovo and Serbia after a recent spike in tensions, as a regional Balkan summit opened Monday in the Albanian capital Tirana.

A huge show of 115 works by Mark Rothko opens in Paris this week. The show at the Louis Vuitton Foundation spans Rothko's entire career, from the more traditional figurative pictures to the huge rectangles of brooding colour for which he is best remembered.

As Israel prepares for a ground offensive into the Gaza Strip, the international community has mobilised to try to protect civilians and prevent the conflict spreading across the region.

Poland's liberal opposition on Monday celebrated exit polls showing it had won a parliamentary majority in the weekend elections, paving the way for potentially huge change after eight years of nationalist rule.

US pharmacy chain Rite Aid filed for bankruptcy Sunday, the company said, after suffering declining sales and legal threats over its alleged involvement in the opioid crisis.

China's economy is expected to have seen moderate growth in the third quarter, according to an AFP survey ahead of data this week, while experts warn that there were still significant hurdles for its recovery.

Asian markets sank Monday on concerns that Israel's expected ground offensive against Hamas in Gaza could spark a regional war involving Iran, with warnings that oil prices could surge, further complicating central banks' efforts to tame inflation.

In Israel's southern Negev desert, Bedouin youth gather near a car hit by a rocket from the Gaza Strip, fearing the war is coming closer to them.

Israel's northern border with Lebanon is often tense, the legacy of past conflicts.

Goldman Sachs, Bank of America, Tesla and Netflix report third-quarter results. The retail sales data will show the strength consumer spending in the U.S.

The US on Saturday deployed a second aircraft carrier "to deter hostile actions against Israel" while President Joe Biden pushed for the protection of civilians amid the American ally's siege and bombardment of Gaza.

For soldiers fighting on Ukraine's front lines, a split second first aid decision can be the difference between life or death.

Several thousand people demonstrated in a pro-Palestinian rally in Geneva on Saturday as Israel readied troops for an expected invasion of the Gaza Strip.

Saudi Arabia has suspended talks on potentially normalising ties with Israel, a source told AFP on Saturday, amid the war raging between Israel and the Palestinian militant group Hamas.

US Secretary of State Antony Blinken called Saturday on China, a partner of Iran, to use its influence to push for calm in the Middle East.