BUSINESS

DR Congo Conflict Advances As UN Warns Of Regional Escalation

Democratic Republic of Congo: M23 fighters advance towards Bukavu
The Rwanda-backed M23 armed group was threatening another key town in eastern Democratic Republic of Congo on Friday, as the United Nations top rights body said it would launch an investigation into alleged violations and abuses during the deadly clashes gripping the African nation.
Venezuelan President Nicolas Maduro was declared the winner of July elections despite widespread claims of fraud, with no detailed vote data released

Venezuela Brands Rubio A 'Thief' Over US Jet Seizure

Venezuela on Friday slammed the US seizure of one of its government planes as "brazen theft" and branded President Donald Trump's top diplomat a "thief" as Washington renewed its hard line on Nicolas Maduro's regime.
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More than 400 women have come forward with accusations of sexual assault, including rape, against the Egyptian former Harrods owner

Third Al-Fayed Brother Accused Of Sexual Abuse: BBC

Three former employees at London's Harrods store have accused another brother of its late boss Mohamed Al-Fayed of sexual assault, after hundreds of similar claims were made against the tycoon, the BBC reported Thursday.
Traders will be keeping a close eye on the US jobs data that is due Friday

Most Asian Markets Rise Ahead Of Key US Jobs Data

Most Asian equities advanced Friday as investors head into the weekend awaiting the release of US jobs data, while traders kept a nervous eye on Washington as the Trump administration presses ahead with a hardball trade agenda.
For the full year 2024, Amazon's net income jumped to $59.2 billion from $30.4 billion in 2023

Big Tech's AI Spending Rattles Markets

E-commerce giant Amazon reported strong earnings Thursday but, like its big tech peers Microsoft and Google, saw its stock price fall on concerns over high AI investment costs.
A helicopter is unloaded at Toussaint Louverture International Airport

Kenya Deploys Additional 144 Police To Haiti

A new contingent of Kenyan police officers arrived in Haiti on Thursday to bolster a UN-backed security mission, AFP journalists observed, as the United States reiterated its support but called for a "new direction."
OpenAI has made Europe a priority in its expansion of physical offices around the world, with sites in Paris, Brussels and Dublin

OpenAI Says To Host Some Customers' Data In Europe

ChatGPT developer OpenAI on Thursday said it will allow some European customers to store and process data from conversations with its chatbots within the European Union, rather than on its infrastructure in the United States or elsewhere.
French cosmetics giant said 2025 is to be a 'phase of conquests'

L'Oreal Bullish After Net Profits Rise

French cosmetics giant L'Oreal said Thursday its profits rose last year despite the declining Chinese market and it made bullish statements about its hopes for 2025.
Shein was founded in China in 2012 and is now headquartered in Singapore

EU Quizzes Shein Over 'Illegal' Products

The EU on Thursday told online fashion giant Shein to hand over information on risks linked to illegal products on its site, paving the way for a second probe into the Chinese-founded firm.
Japan's Prime Minister Shigeru Ishiba is a self-described 'defence geek'

Japan's 'Geeky' PM Ishiba To Navigate Trump Relations

Days after Donald Trump's 2016 election victory, Japan's then-prime minister Shinzo Abe rushed to deliver him a gold-plated golf club, becoming the first leader to visit and setting the tone for a relationship both men said was close.

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