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 EU strategy mirrors the one embraced by Trump, who imposed 50-percent tariffs to keep out cheap metals from China

Tariffs on foreign steel

Merz backs EU plan to protect steel sector from Chinese imports

The Bank of England's policymakers were divided over whether or not to cut rates as economic growth stagnates but inflation remains considerably higher than its target of two percent

Bank of England leaves rate unchanged before UK budget

At the China International Import Expo, US exporters hit by the trade war with China hope improving bilateral relations will bring stability

Bilateral relations

Battered US businesses eye improved China trade at Shanghai expo

US officials said the scheduled capacity for flights is being cut by 10 percent in 40 busy air traffic areas nationwide

Being cut by 10%

US to cancel flights as longest govt shutdown drags on

British and French serious fraud officials are investigating alleged bribery at Thales, which denies any wrongdoing

Alleged bribery

Probe into Thales defence group looking at Indonesian contract

The main task of the BoE is to keep Britain's annual inflation rate at 2.0 percent

Potential surprise cut incoming

BoE set for finely balanced pre-budget rate call

Donald Trump's provocative AI posts target his rivals and critics

A parallel reality

'AI president': Trump deepfakes glorify himself, trash rivals

All 157 passengers and crew were killed in the 2019 crash of an Ethiopian Airlines Boeing 737 MAX

Last-minute deal

Boeing settles with one plaintiff in 737 MAX crash trial

The US private sector is continuing to add jobs, data shows

Despite strong earnings

Wall Street stocks rebound after positive jobs data

US President Donald Trump's global tariffs have attracted legal challenges that are now before the Supreme Court

US Supreme Court appears skeptical of Trump tariff legality

McDonald's shares rose as it reported higher comparable sales despite missing analyst expectations on profits

Fast-food giant

Promotions lift McDonald's sales in tricky consumer market

BMW says it is well prepared to ride out the US tariff storm

Despite tariffs and slowing China sales

BMW reports rising profitability, shares jump

Brussels is working to remove barriers to cross-border rail travel with a view to boosting high-speed rail links across Europe

New connections to slash carbon emissions

Brussels wants high-speed rail linking EU capitals by 2040

Trump blindsided Switzerland when he announced that incoming Swiss goods would be hit with a huge 39-percent tariff on August 1

Trying to negotiate better deal

Swiss business chiefs met Trump on tariffs: Bern

Stegra is building a new steel mill it says will will produce steel with far lower CO2 emissions

Following questions about finances

Swedish authorities inspect worksite conditions at steel startup Stegra

BMW says it is well prepared to ride out the US tariff storm

Proving resilient

BMW boosts profitability, welcomes Nexperia signals

German industry is struggling through a long downturn

Hit by industrial slump

German factory orders up but outlook still muted

US President Donald Trump and China's Xi Jinping discussed tariffs, rare earths and other issues

After tit-for-tat approach

Where things stand on China-US trade after Trump and Xi talk

Japan's automotive sector accounts for around eight percent of jobs in the Asian nation

Increased sales, improved costs

Toyota hikes profit forecasts 'despite US tariffs'

Three years after Sri Lanka's economy collapsed, fuelling mass protests, the government is pursuing some of the country's most powerful individuals

Once-untouchable elite

Sri Lanka targets big fish in anti-corruption push

Alex Karp, CEO of Palantir Technologies, which saw shares drop despite a jump in earnings in a sign of rising investor worries about lofty valuations

Potential bubble forming

Stocks mostly drop as tech rally fades

Getty Images brought the case against a British AI firm at the High Court in London

Use of copyrighted content

Getty Images largely loses lawsuit against UK AI firm

Lafarge finished constructing its $680-million factory in northern Syria in 2010, before civil war broke out

Paid millions of dollars

Cement maker Lafarge on trial in France over jihadist funding

Leading economist Joseph Stiglitz handed the report on global inequality to President Cyril Ramaphosa

Wealth inequality

Experts call for global panel to tackle 'inequality crisis'

The partnership with Boyu Capital marks a strategic shift for Starbucks after more than 26 years in China

New joint venture

Starbucks cedes China control to Boyu Capital

AI chip titan Nvidia last week became the world's first $5 trillion company

Making up lost ground

Nvidia, Deutsche Telekom unveil 1-bn-euro AI industrial hub

Down 21 percent

Pfizer profits dip on lower Covid-19 related sales

Telefonica has been refocusing its operations on its four key markets -- Brazil, Germany, Spain, and the United Kingdom

1.08 billion euros

Spain's Telefonica shares drop on dividend cut, net loss

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