Business & Tech

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Business & Tech

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

The yield on 10-year Japanese government bonds is at a 30-year high, in line with soverign debt around the world

Tit-for-tat attacks

Stocks drop, yields at three-decade highs on Mideast flare-up

John Ternus (left), takes over as Apple chief executive, with Tim Cook (right) becoming executive chairman

Ending Cook's 15-year run

John Ternus takes over as Apple enters era of AI, foldable phones

Cutting-edge AI models have drawn concern over their ability to identify software vulnerabilities

OpenAI to launch new model with 'stronger safeguards' after hack

Elon Musk addressed a G20 meeting focused on tech and innovation

Growing backlash

Zuckerberg, Musk make plea at G20 for more AI data centers

Elon Musk addressed a G20 meeting focused on tech and innovation

Musk defends AI data centers, slams EU rules at G20

Shein's shares fell as much as 10 percent soon after the open on its Hong Kong debut

Having raised US$1.7 bn in a public offering

Shein flattens on Hong Kong debut facing global headwinds

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

'Founding team will continue to lead the company'

AI startup Manus says resumes independent operations

Anthropic is currently at odds with the Trump administration, which has terminated all of its government contracts with the company

Access to cloud computing power

Anthropic signs $35B computing deal with startup backed by Nvidia

Several global corporations have announced large investments in India, which has more than a billion internet users

More than $20bn in overcharges

US regulator, 22 states accuse Amazon of 'manipulating' ad auctions: lawsuit

Asian e-commerce giants have surged in popularity in France in recent years

France takes aim at ultra-fast fashion with new levy

Kevin Warsh's speech at Jackson Hole will be closely followed by investors hoping for some clues on the bank's rate plans

Seeking clues on interest rate outlook

Dollar rallies after Fed chief lifts rate expectations

The conflict arose after Anthropic refused to allow the US military to use Claude for fully autonomous lethal weapons or for the mass surveillance of Americans

Victory not total

US court rules Pentagon ban of Anthropic unlawful

US Secretary of the Treasury Scott Bessent threatened to take tough action against countries that engaged in transactions with Iran, but his speech was thin on specifics

'Economic asphyxiation'

China's help critical, but unlikely, for US to choke off Iran

The commercial, which was released online before being pulled, triggered a backlash over its depiction of violence against women, in addition to calls for a boycott of Callaway products

Golf media firm loses Callaway, PGA Tour deals over violent ad

Esports was a big hit at the Asian Games in China in 2023

Male-dominated world

Park So-yeon first woman to play for eSports powerhouse South Korea

Qantas says it expects fuel prices to remain 'elevated'

Australian airline

Qantas says profits slump as fuel costs surge

California Attorney General Rob Bonta called the Meta settlement 'real change, real transparency, and real enforceable protections for children'

New limits on teen use

Meta, US states agree $18 bn settlement in landmark teen safety case

Nvidia's earnings are the major agenda event this week

As instability persists

Stocks mixed as oil drops, US inflation stays high

Meta agreed to pay a coalition of US states as much as $16.7 billion and to impose sweeping new limits on how teenagers use Facebook and Instagram

Time limits and age checks

What could change for US teens on Instagram and Facebook

Microsoft co-founder Bill Gates says the shift into the AI era will rank among the most turbulent periods in human history

3 main areas of concern

Bill Gates warns world unprepared for AI upheaval

German Finance Minister Lars Klingbeil dismissed the idea of taxing sugar free soft drinks as 'nonsense'

A bid to raise funds

German plan for sugar tax on Coke Zero fizzles out

Francesco Fogu, director of product design at Instagram, arrives at the United States Courthouse in Oakland, California,

As trial continues

Meta knew teen safety tools were ineffective, witnesses testify

Waymo robotaxis have become a common sight on the streets of San Francisco

Self-driving cars

US robotaxi firm Waymo plans to launch in Germany

Leonardo Maria Del Vecchio has fallen out with EssilorLuxottica's chief Francesco Milleri

Luxembourg-based holding company

Son of Luxottica founder quits after succession row

Shein, the Chinese-founded retailer that harnessed social media to chart a meteoric rise in the global fast-fashion industry, has announced plans for a blockbuster public listing

Fast-fashion industry

Key facts about Chinese-founded fast-fashion giant Shein

Volkswagen is struggling with fierce Chinese competition and a tricky shift to electric vehicles

Weighing up huge cuts

VW chief warns carmaker's situation 'more than critical'

Co-inventor of Bioloon and PhD researcher Juliana Cumming has helped invent the world's first fully biodegradable balloon aiming to resolve a giant environmental headache

Fully biodegradable

Blowing in the wind, humble balloon gets green makeover

A Russian icebreaker at the port of Sabetta along the Northern Sea Route

In Russian waters

Arctic shipping a daunting prospect in hotly contested region

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