BUSINESS

The US economy added 143,000 jobs in January, less than analysts expected

US Job Growth Misses Expectations In January

The United States added fewer jobs than expected in January while unemployment ticked down, government data showed Friday, marking resilience in the labor market heading into President Donald Trump's new term.
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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.
The discussions unravelled after Honda proposed to make its struggling rival a subsidiary

Honda-Nissan Merger Talks 'Basically Over': Source

Nissan's board is in favour of abandoning merger talks with Honda but calling them off has yet to be officially decided by executives at the two Japanese carmakers, a source close to the matter told AFP on Thursday.
Around 40 percent of US container traffic passes through the Panama Canal

US Claims Free Passage Through Panama Canal

The United States said Wednesday that its government vessels would sail for free through the Panama Canal following heavy pressure from President Donald Trump, but authorities at the waterway swiftly issued a denial.

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