Business & Tech

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Business & Tech

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

This picture taken by Taiwan’s Coast Guard on January 3, 2025 shows the Cameroon-flagged

Flying flags of convenience

Taiwan identifies 52 'suspicious' Chinese ships for close monitoring

India has boosted its domestic arms industry including this Pralay weapon system on display at country’s 76th Republic Day parade in New Delhi on January 26

World's most populous nation

India boosts domestic arms industry and looks West to pare back Russia reliance

Volkswagen and other European carmakers have struggled with the switch to electric vehicles as they face rising competition from China

Troubled European carmakers to talk fines and EVs with EU

The yuan's weakness comes as Chinese leaders battle to kickstart growth in the world's number two economy

Slump in Chinese currency

Weak yuan, Trump tariff threats confound Beijing's economic puzzle

The ECB has been steadily cutting interest rates in recent months

By a further quarter point

ECB to cut rates again, with a nervous eye on Trump

David Sacks, pictured in the Oval Office with Donald Trump, is the president's new AI Czar

Tech figures uncovered

With Trump win, Silicon Valley's right flank takes on Washington

Latvian Prime Minister Evika Silina said they were working with Sweden to 'assess the damage and its reason'

Possible external interference

Undersea cable between Sweden and Latvia damaged, both countries say

Donald Trump has frequently critcized US Federal Reserve chair Jerome Powell, seen in December 2024

Tackling inflation

US Fed prepares to pause in first rate decision since Trump's inauguration

US President Donald Trump's tariff pledges on Mexico and Canada could be a way to push both countries back into negotiations on a trade pact

New negotiations

Trump's Canada, Mexico tariff threat aimed at gaining leverage in trade talks: experts

The Bank of Japan gave the green light to lift interest rates to their highest level since 2008

US stocks retreat while yen gains on Bank of Japan rate hike

Newark Mayor Ras Baraka said a US Army veteran was among those detained in an overnight raid by immigration officers on Ocean Seafood Depot

Raids without warrant

Migrants held in US 'sanctuary city' as Trump moves army to border

The Beluga ST was first built to ferry plane sections between Airbus sites

Speciality freight business

Beached whales: Airbus grounds its massive Beluga cargo flights

Many stores in Croatia were nearly empty on Friday as consumers heeded a shopping boycott over high prices

Symbolic message

Croatians boycott shopping to protest high prices

US existing home sales hit their lowest level in nearly 30 years on high home prices and elevated mortgage rates, said the National Association of Realtors

US home sales in 2024 weakest in nearly 30 years

Meta said it was 'the first tech company to uncover the campaign' by Doppelganger

Meta profits from known pro-Russian disinfo network: researchers

The 27-nation EU is scrambling to revamp its economic competitiveness

Landmark new rules

France asks EU to delay rights, environment business rules

International Monetary Fund (IMF) Managing Director Kristalina Georgieva

'Believe in yourself'

IMF chief tells Europe to take page out of US book

Kingdom's growing presence

Saudis showcase charm offensive in Davos

The December 25 crash of the Azerbaijani Airlines jet in Kazakhstan killed 38 of 67 people aboard

Crucial information

Kazakhstan delays release of Azerbaijan plane black box data

Monte dei Paschi says its takeover of Mediobanca would create 'a new national champion'

Huge investment

Italy's Monte dei Paschi bids 13.3 bn euros for Mediobanca

Widely viewed as one of the 'godfathers' of AI, Meta's Yann LeCun said Europe was 'afriad of risk'

World Economic Forum

Meta guru urges Europe to gamble more on AI

The Bank of Japan has hiked interest rates to their highest level since 2008

Fourth biggest economy

Bank of Japan hikes interest rate to 17-year high, boosts yen

Up to 7,000 companies moved their headquarters out of Catalonia after the 2017 independence crisis

Potential for more

Catalonia eyes reversal of business exodus after big bank returns

Dairy farmer Adam Stanbury fears the government's new farm tax could ruin his family business in Devon, southwest England

Tax change sows anger on England farms

OpenAI says its new artificial intelligence agent capable of tending to online tasks is trained to check with users when it encounters CAPTCHA puzzles intended to distinguish people from software

Research preview

OpenAI unveils 'Operator' agent that handles web tasks

US President Donald Trump said he would speak with Fed chair Jerome Powell about lowering interest rates, if he felt like he needed to

Set to unleash energy production

Trump says will demand interest rates drop 'immediately'

Crude prices slumped after US President Donald Trump called on Saudi Arabia and OPEC to lower oil prices

Equities on the rise

Trump Davos address lifts S&P 500 to record, dents oil prices

Trump's speech to the World Economic Forum was the most eagerly anticipated event in Davos

Eagerly anticipated

Trump tells Davos elites: produce in US or pay tariffs

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