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Samsung expects 1,800% operating profit leap on AI boom

South Korean technology giant Samsung Electronics forecast Tuesday a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.

Seoul dives on mixed day in Asia as Samsung fails to ease tech woes

Seoul once again led losses on a mixed day in Asian stocks Tuesday as chip giant Samsung tumbled despite an eye-watering rise in profit, stoking fears that the record-breaking, AI-fuelled rally may have reached the end of the road.

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Siemens Energy gets state-backed 15-bn-euro rescue package

Siemens Energy will receive a 15-billion-euro ($16.3-billion), state-backed rescue package, Berlin said Tuesday, as the German group struggles to overcome a crisis in its wind power unit.

Guyana tells UN top court of 'existential' threat over Venezuela vote

Guyana said Tuesday it faced an "existential" threat from a planned referendum by Venezuela on whether to annex a disputed oil-rich border region, and urged the United Nations' top court to "urgently" stop the vote.

Judge recommends eight-month suspended term for France's Chalureau over racist attack

A French judge recommended on Tuesday that France lock Bastien Chalureau be handed an eight-month suspended prison sentence for a racially-motivated attack in 2020.

Germany says EU won't reach ammo target for Ukraine

Germany on Tuesday deepened the despondency around Western efforts to back Ukraine by saying the EU would not reach a target to supply Kyiv with a million artillery shells by March.

UK govt urges food delivery firms to step up vetting

The UK government on Tuesday urged online food delivery platforms such as Uber Eats, Just Eat and Deliveroo to step up driver vetting to protect people and prevent unauthorised immigrants working illegally.

Argentina's fed-up farmers lean towards outsider Milei

Argentine livestock salesman Pablo Cicare stands among a herd of Angus cows, source of some of the world's finest beef, that he dreams of being able to freely export after Sunday's presidential election.

Stock markets jump as US inflation moderates

Stock markets rose strongly Tuesday as a key measure of US inflation slowed more than expected, raising hopes the Federal Reserve is done raising rates for the moment.

Ethiopian Airlines snaps up 31 Boeings in 'landmark' deal

Ethiopian Airlines ordered 31 Boeing jets with an option for 36 more in a "landmark" deal on Tuesday as it joined the list of companies betting big on the growth of aviation.

Sri Lanka top court rules Rajapaksa brothers guilty of economic crisis

Sri Lanka's Supreme Court issued Tuesday a symbolic ruling that the powerful Rajapaksa brothers -- including two ex-presidents -- were guilty of triggering the island's worst financial crisis by mishandling the economy.

German antitrust body opens probe against Coca-Cola

Germany's antitrust watchdog said Tuesday it was opening a probe into US beverages giant Coca-Cola over rebates for retailers it said could give the company an unfair advantage over competitors.

Polish left submits bills to liberalise abortion law

Poland's leftists, part of a coalition in control of the new parliament, said on Tuesday they had submitted two bills to liberalise one of Europe's most restrictive abortion laws.

Glencore takes majority stake in Canadian coal business

Swiss commodities giant Glencore will acquire a majority stake in the steelmaking coal business of Canadian miner Teck Resources, the companies said on Tuesday, capping fraught negotiations between the groups.

Apple supplier Foxconn says profits fuelled by holiday season demand

Key iPhone supplier Foxconn posted "better-than-expected" profits in its third quarter, with leadership on Tuesday attributing the surprise jump to demand ahead of the holiday season.

Asian markets mixed as US inflation looms

Equity markets were mixed Tuesday as investors cautiously awaited the release of US inflation data, aware that a big miss in either direction could have major implications for the Federal Reserve's interest rate plans over the next few months.

Amnesty accuses Cambodia over 'forced evictions' at Angkor Wat

Rights group Amnesty International on Tuesday accused Cambodia of breaking international law through the eviction of 10,000 families from around the Angkor Wat temple complex.

Asian markets cautiously higher as US inflation looms

Equity markets edged up Tuesday as investors cautiously awaited the release of US inflation data, aware that a big miss in either direction could have major implications for the Federal Reserve's interest rate plans over the next few months.

Big bang: Dutch firm eyes space baby

Climate crises, nuclear Armageddon, or a sudden meteor strike -- it's clear humanity could do with Planet B. But first we need to learn to reproduce safely in space, says Dutch entrepreneur Egbert Edelbroek.

1962 Ferrari auctioned for $51.7 mn in New York: Sotheby's

A 1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Monday, making it the second most expensive car ever sold at auction, Sotheby's said.

Pastry chef of year says pleasure comes first

Nina Metayer, the first woman to win one of the world's top pastry chef awards, doesn't believe in cutting back on the butter.

Emirates, flydubai among Boeing's big customers at Dubai Airshow

Emirates announced a bumper order of 95 planes and flydubai snapped up 30 wide-bodied aircraft as US manufacturer Boeing did brisk business on day one of the Dubai Airshow on Monday.

Emirates, flydubai lay big orders at Dubai Airshow

Emirates announced a bumper order of 95 planes and flydubai snapped up 30 wide-bodied aircraft as home-grown airlines unveiled big orders on day one of the Dubai Airshow on Monday.

At BAE factory, Ukraine war fuels munitions output

At a munitions factory in northeast England run by BAE Systems, production is running at full speed thanks to the war in Ukraine and an increasingly dark outlook for geopolitics.

Auto supplier Continental to cut thousands of jobs

German auto supplier Continental said Monday it will cut thousands of jobs to reduce costs, at a time the sector is facing severe headwinds.

Indian rescuers battle to save 40 workers trapped in collapsed tunnel

Rescuers in northern India battled for a second day Monday to save 40 workers trapped underground after the road tunnel they were building collapsed, bringing down tonnes of debris.

The growing cyber threat to global shipping

The cyberattack that paralysed several major Australian ports was a sharp reminder of what governments and experts say is a growing threat to shipping, the lifeblood of the global economy.

Nations negotiate terms of plastics treaty in Nairobi

The latest negotiations towards a global treaty to combat plastic pollution opened in Nairobi on Monday, with tensions expected as nations tussle over what should be included in the pact.

Markets mixed as traders eye US inflation data

Equity markets were mixed Monday ahead of key US inflation data later in the week, with traders still concerned the Federal Reserve could lift interest rates again.

Asian markets mixed as traders eye US inflation data

Asian markets were mixed Monday ahead of key US inflation data later in the week, with traders still concerned the Federal Reserve could lift interest rates again.

Australian ports reopen after cyberattack

Major ports handling 40 percent of Australia's freight trade have resumed operations, leading operator DP World said Monday, three days after they were crippled by a cyberattack.

Asian markets mixed as traders eye US inflation report