Business & Tech

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RTL Lëtzebuerg

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Business & Tech

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

The German economy faces huge headwinds, from an industrial slump to US tariffs

Lower production in key sectors

Energy-hungry German industries in decline since Ukraine war: data

(L-R)US Designer Marc Jacobs, media executive Anna Wintour and LVMH CEO Michael Burke at the designer's runway show in New York earlier this year

Expected to be finalised by EOY

LVMH sells Marc Jacobs to WHP Global, which will form partnership with G-III

Montreal-based Joelle Pineau joined Cohere last year after nearly eight years leading Meta's Fundamental AI Research lab

One question: can it make money?

Canada's Cohere embraces 'low drama' amid AI giant tumult

OpenAI CEO Sam Altman was in the front row of the courtroom on Thursday, May 14, 2026 as lawyers presented their closing arguments in the case pitting Elon Musk against OpenAI

Three-week trial

Closing arguments in blockbuster trial pitting Musk against OpenAI

US President Donald Trump (L) takes part in a welcome ceremony with China's President Xi Jinping at the Great Hall of the People in Beijing

Persistent inflation concerns

Tech stocks rally rolls on as US-China talks underway

Jaguar Land Rover, like other automakers, suffered last year when the United States slapped tariffs on imports, which led the automaker to halt delivery of vehicles to the country in April

US tariffs, cyberattack drive Jaguar Land Rover into loss

Ferretti builds luxury yachts under a series of brands including Riva, Pershing, Wally and Itama at seven shipyards in northern Italy

Shareholders approve

China's Weichai wins battle for Ferretti yacht maker

423.9 billion yen

EV overhaul drags Honda to first operating loss since 1957

The current crisis differs considerably from the 1973 oil shock, not least because most countries have emergency stocks

Nations drawing down oil stocks at record pace: IEA

Alibaba has seen its core e-commerce business squeezed by price wars and sluggish consumption in China

Sluggish domestic consumption

Chinese tech giant Alibaba posts profit drop amid AI drive

SoftBank is advancing its push to build AI data centres, announcing plans in March for a major new gas-fired power plant in the US state of Ohio to supply them with energy

OpenAI investor

SoftBank profit quadruples to $32 bn on AI investments

Video game giant Tencent, one of China's top AI players, is competing with major rivals such as Alibaba and ByteDance

21 percent jump

China tech giant Tencent sees Q1 profit jump after AI bets

Nissan is being squeezed by US tariffs, the Middle East war and fierce competition from Chinese rivals

$3.4 billion in the red

Nissan expects return to profit after huge loss

A massive corruption scandal in Malaysia saw top officials loot billions from state fund 1MDB

Fugitive financier sought in Malaysian fund scandal seeks Trump's pardon

Human Rights Watch warns

Gig work treaty must ensure fair pay and conditions

Preparatory tripartite talks

Iran war could trigger three wage indexations by 2027

The White House recently accused Chinese entities of "industrial-scale" efforts to steal US technology on artificial intelligence

Concerns around arms race

AI rivalry overshadows push for guardrails at Xi-Trump talks: experts

Some people have described 'spiralling' into delusion while using ChatGPT, a phenomenon mental health experts are racing to understand

'I applied to be pope': Losing grip on reality while using ChatGPT

Hollywood is fretting over the possible impact on the movie industry if the Paramount bid for Warner Bros. is approved

Actors and directors oppose merger

Paramount defends Warner bid amid California probe

Pep Guardiola's Manchester City are battling Arsenal for the Premier League title

Video assistant referees

Man City boss Guardiola urges players to make VAR irrelevant

US consumer prices rose at their fastest annual clip in nearly three years in April thanks in large part to high energy prices

Oil prices advance, stocks mostly fall on US-Iran deadlock

Berlin campaigned against a planned EU ban on combustion-engine cars

Ordered to pay fine

French court convicts VW for 'consumer harm' in 'Dieselgate' scandal

A Samsung Electronics semiconductor factory. A top South Korean official has proposed a tax on excess AI profits to be resdistributed among society

Shifting towards 'technology monopoly economy'

South Korea official floats AI profit social tax as tech giants boom

VodafoneThree was formed last year by a meger between Vodafone UK and Three, the UK division of CK Hutchison, creating Britain's largest mobile operator in terms of customer numbers

Smaller, but more focused

Vodafone sees signs of recovery amid turnaround plan

Bayer reported a bump in first-quarter profit

Agrichemical, pharmaceutical giant

Bayer profit up but glyphosate sales struggle

A household name in Japan, Calbee is known for its savoury potato chips with an array of flavours

From orange to grey

Japan crisp packs to go colourless due to Iran war crunch

The Iran war 'has triggered a substantial energy price shock and clouded economic prospects worldwide', said Thyssenkrupp

German industrial giant

Thyssenkrupp cuts sales outlook on Mideast war

Op der Pressekonferenz goufen déi adaptéiert Servicer vun "Een oppent Ouer fir de Bauer, Wënzer a Gäertner" presentéiert.

'A listening ear'

Psychosocial support service for agricultural sector expanded

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