BUSINESS

Companies are increasing production to prepare for higher demand at the end of the year.

German sandal maker Birkenstock on Monday set a price for its initial public offering of shares at $44 to $49 each, which could see the company raise up to $1.58 billion.

Silence has returned to the mountain road down which most of the population of Nagorno-Karabakh fled after the self-proclaimed republic surrendered to Azerbaijani troops.

The collapse of cryptocurrency platform FTX, whose disgraced former boss goes on trial this week, sparked shock waves worldwide, with regulators still seeking to get to grips with the sector.

A United Nations mission arrived in Nagorno-Karabakh on Sunday, Azerbaijan said, after almost the entire ethnic-Armenian population fled since Baku recaptured the breakaway enclave.

Nigeria's President Bola Ahmed Tinubu on Sunday proposed a temporary minimum wage hike and more cheap gas-powered public transport among other measures to help offset the impact of his economic reforms as labour unions threatened a national strike.

Cengiz Orsel hung a banner above his woodcarving workshop in Ankara so that everyone would know the astronomical rent increase his landlord is demanding.

Meta's chief technology officer is quick to push back on assertions that the company has fallen behind rivals like ChatGPT in the explosive surge across the tech industry in generative AI. "The majority of the world's population will have their first experience of generative artificial intelligence with us," Andrew "Boz" Bosworth told AFP at the company's recent Connect conference for developers.

When Indian entrepreneur Awais Ahmed founded his satellite startup in Bangalore in 2019, his country was still a year away from opening the space industry to the private sector.

Pro-China candidate Mohamed Muizzu won Saturday's presidential election in the Maldives, a result set to once again upend the archipelago's relationship with traditional benefactor India.

The US government on Saturday was hours from shutting down after the far right of the Republican Party scuppered final attempts at a temporary budget agreement, throwing into doubt everything from access to national parks to Washington's massive support for Ukraine.

Pope Francis will on Saturday elevate 21 clergymen from all corners of the world to the rank of cardinal -- most of whom may one day cast ballots to elect his successor.

Slovak voters will cast ballots on Saturday in a tight early election seen as key to the country's foreign policy focus and support of Ukraine for the years ahead.

The US government was on the verge of a shutdown Friday as Congress struggled to reach a deal to keep agencies running, prevent national park closures, and avoid the suspension of salaries for federal employees and military staff.

The biggest US automobile workers' union, UAW, called on 7,000 more members to join an already major strike against the top three Detroit car manufacturers Friday.

Wearing shirts adorned with his name and waving banners displaying his face, the frenzied crowd in Hangzhou was not waiting to catch a glimpse of a pop star -- but rather a video gamer.

The dramatic fluctuation in shares of Vietnamese electric vehicle maker VinFast is "normal", its chief executive told AFP on Friday, insisting the company was on sound footing despite racking up huge losses.

Relatives of Saudis facing heavy sentences for social media posts are calling on the kingdom's de facto ruler to take action after he voiced shame over their cases.

Eurozone inflation dropped to an almost two-year low in September, official data showed Friday, raising hopes that the European Central Bank will end its rate-hiking cycle.

Chinese travellers thronged transport networks Friday as an eight-day national holiday kicked off, the first October break since the end of the strict zero-Covid policies that separated families and hammered the tourism industry.

Bankman-Fried is currently facing seven counts of fraud and conspiracy related to the collapse of the crypto empire he founded. His criminal trial will begin on Oct. 4.

A Placer.ai report shows that Costco's traffic has been gaining momentum, with year-over-year visits increasing 3% during August, 4.5% in July and 3.6% in June.

Stranded North Korean workers and merchants who rely on cross-border trade see scant signs that the frontier with China will reopen soon, despite recent trips abroad by leader Kim Jong Un and the country's athletes.

Most Asian markets followed Wall Street higher Friday as a drop in oil prices and US Treasury yields provided some much-needed respite from speculation the Federal Reserve will push interest rates even higher.

Plots of land lie empty among lime and banana plantations in one of Mexico's most violent regions -- abandoned by their owners due to widespread extortion squeezing Latin America's second-largest economy.

Epic Games, maker of the highly popular Fortnite video game, said Thursday it is cutting its workforce to save money but will continue spending on its legal battle over Apple and Google app stores.

A 16-year-old boy was arrested on Thursday after one of Britain's most photographed trees was found felled next to the Hadrian's Wall UNESCO World Heritage site in northeast England, prompting outrage and grief.

The startup ecosystem is a bustling and multifaceted network that brings together diverse stakeholders...

Gulnara Karimova, the daughter of Uzbekistan's former president, was on Thursday indicted in Switzerland in a vast case of corruption, fraud and organised crime, prosecutors said.