Business & Tech

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Business & Tech

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

Volvo Cars said it was facing 'hypercompetition' in China and a 'very tough environment'

US tariffs and strong competition

Volvo Cars shares plunge on losses, job cuts

Kering has struggled to turn things around at Gucci, its flagship Italian fashion house famous for its handbags

Down more than 10%

Kering shares tumble as Gucci fails to reassure investors

With a Tesla-SpaceX merger looming, Elon Musk has warned Democrats against targeting him if they return to power.

Worth around $3.5 trillion

Musk wants to merge SpaceX and Tesla: Here's what to know

The penalty comes a couple of months after Meta agreed to pay $18 billion to settle claims brought by 48 other states, including allegations tied to Cambridge Analytica

Mixed bag of earnings

Global markets retreat as tech mood sours, oil prices jump

With space for 6,500 tonnes of uranium, the repository will provide permanent storage for spent fuel from Finland's five nuclear reactors

22 years in the making

Finland grants licence for world's first nuclear waste repository

Barclays says the job cuts are due to AI efficiencies

Barclays bank to cut about 5,000 jobs amid AI drive

Thales got a boost from European countries' recent rearmament push

French aerospace and defence group

Thales sales jump on European rearmament, satellite systems

Foreign Minister Xavier Bettel speaking at the BPF 10th anniversary event.

Across 20 countries

BPF marks 10 years with €15 million mobilised for sustainable development projects

Elon Musk has been bullish about robotaxis. The Tesla Cybercab, is a two-seat, fully autonomous electric robotaxi without a steering wheel, pedals, or manual driving controls

SpaceX and Tesla merger

Tesla profits fall on higher spending as 'Elon Inc.' talk builds

The penalty comes a couple of months after Meta agreed to pay $18 billion to settle claims brought by 48 other states, including allegations tied to Cambridge Analytica

$18 billion settlement

Meta beats expectations but legal penalties hit profit amid AI race

The US e-commerce platform eBay will cut about 1,000 jobs—roughly 9% of its total workforce

'Strategic priorities'

eBay to slash 1,000 more jobs, around 9% of workforce

SpaceX's net profit of $4.4 billion for July-September was more than double analyst expectations

Driven by AI stakeholders

Musk's SpaceX results lift global stock markets

Kaub on the Rhine river in mid-August. The waterway has fallen to record lows amid low rainfall and soaring temperatures

Low Rhine weighed on German growth: central bank

A ransacked store in Paris during protests that degenerated into violence on Sunday

50 stores ransacked

Carrefour shares plunge after profit warning on French protests

Shares of industrial company 3M soared nearly six percent after it released earnings, lifting the Dow

Dow boosted as markets rotate from tech shares

GM CEO Mary Barra (center) and GM Senior Vice President Ken Morris (R) hosted US President Donald Trump in July in a visit to Detroit

'Significant amount of inflation'

Solid GM results overshadowed by latest jump in commodity costs

The US government's Department of Homeland Security has banned the use of DeepSeek artificial intelligence tools in its agencies

Race for dominance

China opposes US ban on govt agencies from using DeepSeek

Cybersecurity firm Asymmetric Security said it could not determine whether OpenAI's AI agents deliberately covered up their activity after gaining unauthorized access to government website

US judge orders Saudi engineer held in OpenAI case

At its annual developer conference, Microsoft Build, the group unveiled MAI-Thinking-1, its first "reasoning" model

US technology giant

Microsoft exits data centre deal in blow to UK AI ambitions

Nvidia boss Jensen Huang's support for CoreWeave's health helped ease some AI fears

Chipmakers at top

Stocks struggle to bounce back from AI angst-fueled rout

Chairman of the US Federal Reserve Kevin Warsh (R) appeared alongside IMF Managing Director Kristalina Georgieva (L) during a "fireside chat" at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank

Against strong economic shocks

Fed's Warsh surprised by world economy's 'resilience'

The Jakarta stock market has lost about a third of its value since the start of the year, one of the worst performances globally

Fears foreign divestment

Indonesian stocks dive 11% as MSCI weighs market reclassification

A rout in tech firms led heavy losses in Seoul as global stocks were hammered by forecast-topping US inflation

US stocks end higher as AI shares stabilize

'Important milestone'

UniCredit says receives ECB green light for Commerzbank takeover

Xavier de Rosnay and Gaspard Augé of Justice are best known for their work during the late 'French Touch' electro wave of the early 2000s

Upcoming gaming behemoth

French duo Justice to score 'GTA VI': game maker

Protagonist Link (C) has starred in 40 years of 'Zelda' games

'Ocarina of Time': Nintendo gives Zelda classic a modern makeover

Exports have been a key driver of China's economy for some time but leaders are being urged to do more to boost consumer demand

Fears of global downturn

China's economy seen missing target as global shocks bite: AFP poll

Australia's Federal Minister for Sport, Anika Wells said she formally introduced the "Digital Duty of Care" bill to parliament on Thursday

New legislation

Australia says won't let big tech have 'unfettered' access to kids

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