Business & Tech

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Business & Tech

Coverage of business, technology, and finance, from global markets to the latest tech and AI news.

Australia's BHP says copper production has helped boost profits

Australian company

Copper powers profit rise at mining giant BHP

The US economy is showing signs of softness amid elevated oil prices and above-target inflation

Retreat on Wall Street

US stocks fall on spiking bond yields, higher oil prices

'404 Media' report

Amazon buys and destroys books for AI training, investigation finds

Additional $70 million in ticket sales

Spidey swings high for third weekend in N. American box office

Opel Astra passenger cars under construction at the company’s Russelsheim plant

Anxiety running high

As Opel turns to Chinese partners, its hometown frets about the future

The United States is grappling with stubbornly high post-pandemic inflation

Stocks slip in cautious trading after weak US retail sales data

Sunday's two incidents at Sydney International Airport following another near-miss on July 27

In less than two weeks

Australia probes three near-misses at Sydney Airport

The tariffs will encourage domestic production, a White House statement said

Reducing US reliance on imports

Trump announces tariffs of up to 100% on imported drones

Worries about inflation are persisting despite slightly better US consumer price figures in July

US stocks mostly up after data shows slightly lower inflation in July

Russian air defences shot down around 180 drones on approach to Moscow

Consumer demand

Russian economy rebounds in second quarter despite Ukrainian strikes

A nuclear plant in northern France shut down three reactors after a swarm of jellyfish clogged pumps used to cool the units

Extreme weather, jellyfish knock one-fifth of France's nuclear capacity offline

Shenzhen-based Tencent is the developer and operator of China's multifunctional app WeChat

WeChat operator

China tech giant Tencent's Q2 profit down as AI push builds

Foxconn headquarters in New Taipei City in May 2025

Taiwanese tech titan

Foxconn posts quarterly profit surge on AI server demand

Hiroshi Okuda took the reins of Toyota in 1995 and is credited with introducing the Prius hybrid vehicle

Toyota ex-chief Okuda, pioneer of the Prius, dead at 93

Oil prices plunged on hopes for a US-Iran deal to avert a conflict

Weaponising the barrel

Oil prices higher, stocks mixed ahead of inflation report

The aftermath of a forest fire in southwest France in August. Wildfires are 'the fastest-growing weather peril globally', Swiss Re says

Severe storms, deadly quakes

Economic losses from natural disasters fall to $100 bn in first half of 2026: Swiss Re

China has been cracking down on a practice known as "Singapore-washing," which is when companies leave the country to take advantage of looser regulations and funding opportunities

'Singapore-washing'

AI firm Manus to resume 'independent' operations after China blocks Meta deal

In April, China blocked the acquisition of Manus, an AI-powered app that can carry out tasks for users, by Facebook owner Meta after a regulatory review

AFP looks at the rise and fall of its Meta deal

Caught between great powers: the cautionary tale of Manus

There is growing concern across the music industry over AI-generated content overwhelming streaming catalogues

Spotify to launch badge identifying AI music

Gravelines is Western Europe's largest nuclear power plant with six reactors

Clogged pumps used to cool units

Jellyfish force shutdown of three reactors at French nuclear plant

Pedestrians walk next to an electronic sign board showing the Hang Seng Index in Hong Kong

Frontier technology

Hong Kong's tech index plans expansion with AI and robotics themes

Traders will be keeping a close eye on the release of US inflation data this week, after figures Friday showed thousands of job losses in July

Thousands of jobs lost

Global stocks mixed while oil prices jump on Hormuz

Archer is seeking final US certification of an air taxi that would shuttle travelers from downtown New York to airports in less than 15 minutes

Archer shares surge

Boeing to divest tech ventures for stake in air-taxi startup

Experts weigh in

Why is state involvement in cyberattacks so difficult to prove?

US' single largest emission source?

Amazon behind massive private gas plant for new data centers

iPhone-maker Apple is suing OpenAI over allegations of stolen trade secrets

Partners and rivals

Apple and OpenAI escalate legal battle over devices

A job fair in Los Angeles in July, when the US economy shed 23,000 jobs

Dollar drops, stocks climb as weak US jobs data eases rate fears

US tech company Meta is facing lawsuits over allegations of children being harmed by its social media platforms

Meta ordered to pay $567 mn in US over 'public nuisance' child harm

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