Business & Tech

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Business & Tech

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

Chinese internet and gaming giant Tencent's 2024 fourth-quarter profit surged 90 percent as it accelerates a push into artificial intelligence

Profits surge 90%

China's Tencent sees profits surge as AI drive accelerates

The Bank of Japan kept interest rates unchanged, warning about the economic outlook

Bank of Japan holds rates and warns of trade uncertainty

Ever-improving generative artificial intelligence tools have become weapons in the hands of bad actors

Ever more convincing

Tech firms fight to stem deepfake deluge

Annie Clemmons, owner of online bakery Chapman's DC, decorates an eggless pavlova in the ghost kitchen she uses for her business in Silver Spring, Maryland

In US, a pastry chef attempts to crack an egg-free menu

A complex web of contractors, terminal tenants and airlines all coordinate with the Port Authority New York-New Jersey which oversees every aspect of the project

'Organized chaos': $19bn airport megaproject takes shape in cramped NY

Malaysia's signing of a major deal with British chip giant Arm this month was the latest step towards achieving the country's goal of producing its own top-end chips

Malaysia's Silicon Valley ambitions face tough challenges

The Bank of Japan is widely expected to keep interest rates unchanged in a Wednesday policy decision

Tariff trade uncertainties

Bank of Japan expected to hold rates

US Treasury Secretary Scott Bessent said Washington will produce a list of other countries' tariffs on April 2, when reciprocal levies are due to be unveiled

Will produce list of levies

US to produce tariff 'number' for countries on April 2: Bessent

The approval of the German spending plan is a big win for Germany's chancellor-in-waiting Friedrich Merz

Geopolitical tensions buffet markets as gold hits record

A Canadian sailor peers over a ridge as a team from the Canadian Navy test thermal imaging drone capabilities in Arctic environments, during Operation Nanook, the Canadian Armed Forces' annual Arctic training and sovereignty operation, in Inuvik, Northwest Territories in February 2025

Defence priorities

Canada PM Carney announces deal with Australia to boost Arctic radar

Siemens says demand in China and Germany is muted

Due to weak demand

Germany's Siemens to cut over 6,000 jobs worldwide

The Wiz transaction is the largest ever sought by Google or parent Alphabet

Rise of AI critical

Google says to buy cybersecurity company Wiz for $32 bn

Europol painted a dark picture of how criminals are using advanced tech

AI 'reshaping' organised crime, warns Europol

BYD has unveiled a new battery and charging system, called 'Super e-Platform', that allows cars to travel up to 470 kilometres (292 miles) after being plugged in for just five minutes

Outpacing Tesla

China EV giant BYD soars after 5-minute charging platform unveiled

The business empire of Hong Kong's richest man, Li Ka-shing, sold its Panama Canal port operations to a US-led consortium following pressure from US President Donald Trump

Sold to CK Hutchison

Hong Kong leader says concerns over Panama ports deal warrant 'attention'

Nvidia CEO Jensen Huang has touted artificial intelligence being built into real-world creations such as robots as being among promising markets for the technology powered by his company's chips

Quantum computing

Nvidia showcases AI chips as it shrugs off DeepSeek

Coffee giant Starbucks has been ordered to pay $50 million to a man who had hot tea spilled on his lap at a California drive-through

Costly accident

Starbucks ordered to pay $50m for hot tea spill

Bowman has been a frequent critic of attempts to tighten US banking regulation

Favoring fewer regulations

Trump taps Michelle Bowman to be US Fed vice chair for supervision

Eyes were on China as officials were set to outline their plans to kickstart spending

World's second biggest economy

China stimulus hopes help stock markets rise

Audi is the latest German automaker to face turbulence

7,500 jobs by 2029

New blow to German auto sector as Audi announces job cuts

The Henderson, a skyscraper designed by Zaha Hadid Architects located in Hong Kong's finance district, opened last year

Second richest in HK

Hong Kong property tycoon Lee Shau-kee dies aged 97

US retail sales rose less than expected in February by 0.2 percent from January, government data showed

Market in the spotlight

US retail sales weaker than expected as consumer health under scrutiny

A court has upheld a £3 billion emergency loan recently granted to Thames Water

Court upholds £3 bn lifeline for UK's top water supplier

New tariffs imposed by the United States, like on steel, are creating uncertainty in the global economy

'Troubled water'

OECD lowers global growth projections over tariffs, uncertainty

Self-taught barber Thabang Moshoke created his own job when he could not find work in South Africa, whose unemployment rate is one of the highest in the world

Makeshift barbershop

From determination to despair: S.Africa's youth battling for work

Jonathan Anderson has been creative director of Loewe since 2013

Designer Jonathan Anderson leaves Spanish brand Loewe

China's economy charted an uneven trajectory in the first two months of the year, a slew of key indicators showed Monday

Uneven trajectory

Data shows patchy Chinese economy in first two months of the year

Chinese internet search giant Baidu has released a new artificial intelligence reasoning model and made its AI chatbot services free

Internet search giant

China's Baidu releases new AI model to compete with DeepSeek

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