Business & Tech

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Business & Tech

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

In February, BP launched a major pivot back to its more profitable oil and gas business

BP profit surges despite lower oil prices

While Nintendo is diversifying into hit movies and theme parks, consoles remain at the core of its business

World's fastest selling console

Nintendo hikes Switch 2 annual unit sales target

South Korean President Lee Jae Myung outlined his government's spending plans for 2026

To compete with China and US

South Korea to triple AI spending, boost defence budget

France has already fined Shein three times in 2025

Under fire company

Shein bans sex dolls after France outrage over 'childlike' ones

Starbucks announced Monday it will sell a controlling stake in its Chinese retail operations, like this outlet in Beijing

Retains 40% stake

Starbucks cedes China control to Boyu Capital

Justice is being sought by relatives of the victims in the crash of an Ethiopian Airlines flight in 2019 that killed 157 people

Killed 157 people

Trial opens in 1st US civil case on 2019 Boeing MAX crash

Shares in European automakers, including Mercedes-Benz, raced ahead after worries about chip shortages eased

Supported by AI-led rally

Mixed day for global stocks as market digests latest AI deals

US Federal Reserve Governor Lisa Cook expects inflation to 'remain elevated for the next year'

As tariffs bite

US Fed's Cook warns inflation to stay 'elevated' next year

France has already fined Shein three times in 2025

Despite internal inquiry

France threatens Shein ban if 'childlike' sex dolls reappear

Steel is one of the sectors that has been hit by high energy costs

Revive Europe's industries

German plans to lower industrial power costs from January

Industry actors hope AI will reduce the cost and time needed to develop a high-quality game

Cheaper and better?

Video game creators fear AI could grab the controller

The US Supreme Court is set to hear arguments on the legality of President Donald Trump's global tariffs

Unprecedented use of power

Trump's global tariffs to face challenge before Supreme Court

With their successive production hikes this year, the key members of OPEC+ are aiming to boost market share

Group seek greater market share

OPEC+ further hikes oil output

Canada's Prime Minister Mark Carney said he will propose an ambitious budget to reform his country's economy

'Bold risks' are needed

'Swing for the fences': Carney promises bold budget as US threat grows

Shein announced in October it intended to set up shop in a prestigious department store in central Paris

'Difficult to doubt'

French fraud watchdog reports Shein for 'childlike' sex dolls

The European auto lobby ACEA warned last month that production would be seriously hit

'Improper intervention'

China to exempt some Nexperia chips from export ban

Canada's Prime Minister Mark Carney welcomed a reset in ties with China

Canada PM says Xi talks 'turning point', apologises to Trump

Well-established trade networks helped Latin America mitigate the impact of US President Donald Trump's tariffs, CAF president Sergio Diaz-Granados says

'Less than expected'

Latin America weathered Trump tariffs better than feared: regional bank chief

A general view of Bangladesh's Chattogram port, which UAE-based DP world has expressed interest in operating

Operating licences

Bangladesh dockers strike over foreign takeover of key port

Panama has won an arbitration with Spanish company Sacyr over the expansion of its famed canal

Violation of free trade agreement

Panama wins canal expansion arbitration against Spanish company

Copper refinement in action, in a Montreal, Canada

'Strategic necessity'

G7 says it's 'serious' about confronting China's critical mineral dominance

Concerns about SNAP drove volunteers to replenish food banks at the USDA Headquarters, in the National Mall, Washington

Ongoing budget deadlock

Food stamps, the bulwark against hunger for over 40 mn Americans

Amazon shares soared more than 11 percent as trading got underway on Friday after it reported better-than-expected earnings,driven by surging demand for its cloud computing services

Better-than-expected earnings

Wall Street stocks rebound on Amazon, Apple earnings

Kansas City Fed president Jeff Schmid said he saw the bank's current interest rate policy as being only modestly restrictive

US Fed official backed rate pause because inflation 'too high'

The SNB reported a profit of $15.7 billion in the first three quarters of the year

Rising stock markets

Swiss central bank profits boosted by gold price surge

Chevron CEO Mike Wirth said the company's security and intelligence staff was monitoring the situation in Venezuela

Profits dip at ExxonMobil, Chevron on lower crude prices

This is not the first time Lithuania has closed border crossings with Belarus in respons to 'hybrid attacks'

In response to airspace disruptions

2,000 trucks stuck in Belarus after Lithuania closes border: association

Lecornu expressed his 'profound disagreement' with the wealth-tax proposal

2% on mega-rich

French lawmakers reject wealth tax proposal in budget debate

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