Tech News

No relief for French motorists as petrol strike hardens

Filling stations across France were low on petrol on Monday as a strike by workers at energy giant TotalEnergies entered its third week despite government pressure to negotiate.. There had been hopes that the pay-related strike action at TotalEnergies, among the world's biggest energy multinationals, would end rapidly after management on Sunday agreed to bring forward salary talks in return for workers resuming service.

Record quarterly profit for Indian software giant TCS

India's largest software exporter Tata Consultancy Services on Monday shrugged off global economic turmoil to report a record profit for any quarter, with figures that beat analyst estimates.. The net profit figure was 1.4 billion rupees ahead of analysts' average estimate, according to Bloomberg News.

German experts propose energy price cap from next year

A price cap to reduce soaring German energy costs following Russia's invasion of Ukraine should come into force next year with additional help provided beforehand, a government-appointed commission recommended Monday.. The proposed price cap is part of a controversial 200-billion-euro ($194-billion) fund aimed at shielding Germans from skyrocketing energy costs. 

Bernanke: Depression scholar who faced global financial crisis

Ben Bernanke, who shared the Nobel Economics Prize on Monday, is a scholar of the Great Depression who helped to steer the United States through another major financial crisis as Federal Reserve chief.. Bernanke was singled out for his analysis of "the worst economic crisis in modern history" -- the Great Depression in the 1930s.

Britain unveils fresh action to calm markets turmoil

Britain on Monday ramped up efforts to calm markets after a heavily criticised budget, with the government bringing forward key economic forecasts and the Bank of England boosting liquidity.. - Bank of England action - The Bank of England earlier Monday revealed it was launching a temporary facility aimed at easing liquidity pressures that arose after the budget shocked markets.

Markets sink as US jobs data fan rate hike bets

Stock markets sank Monday as forecast-beating US jobs data fanned expectations for another big Federal Reserve interest rate hike, while traders are now focusing on an upcoming inflation report.. While that was down from August it was more than expected and showed that the labour market remained robust and highlighted the tough job Fed officials face in their battle against four-decade-high inflation. 

Air France, Airbus trial to open over 2009 Rio-Paris crash

Air France and Airbus will go on trial Monday on charges of involuntary manslaughter over the fatal 2009 crash of a jet heading to Paris from Brazil, killing all 228 people aboard.. Air France and Airbus were charged as the inquiry progressed, with experts determining the crash resulted from mistakes made by pilots disorientated by so-called Pitot speed-monitoring tubes that had frozen over in thick cloud.

Greece and Egypt call Turkish-Libyan gas deal 'illegal'

Egypt and Greece on Sunday said a deal allowing Turkish hydrocarbon exploration in Libya's Mediterranean waters was "illegal" as Athens said it would oppose it by all "legal means".. On Monday, Turkey said it had signed a memorandum of understanding on exploration for hydrocarbons in Libya's seas with the authorities in Tripoli.

French energy giant offers pay talks to end fuel strike

France's TotalEnergies said on Sunday it would advance annual pay talks with unions if they dropped a blockade of fuel depots and refineries that has slashed petrol supplies across the country.. "If the depot blockades end and with the agreement of all labour representatives, the company proposes to move forward the annual salary negotiations from November to October," TotalEnergies said.

Germany probes rail 'sabotage' amid Russia tensions

German police were on Sunday probing an act of "sabotage" on the country's rail infrastructure, with some officials pointing the finger at Russia in the wake of the Nord Stream pipeline explosions.. Given that the Nord Stream leaks "pointed to the Kremlin", "we can't rule out that Russia could also be behind the attack on the rail services," he said.