Business & Tech

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Business & Tech

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

Donald Trump's re-election sent the value of bitcoin soaring

Bitcoin hits record above $109,000 awaiting Trump

US officials have pointed to the growth of Chinese-founded online retailers Shein and Temu as a key factor behind an increase in low-value shipments

Duty-free imports

US to tighten trade rules to hit low-cost China shipments

Zhang Yachun playing with her AI-powered robot named Aluo and pet duck Nana at her home in Beijing

Young Chinese turn to AI pets for emotional relief

As many as 400 million pilgrims will visit the Kumbh Mela, a millennia-old sacred show of Hindu piety and ritual bathing

India uses AI to stop stampedes at world's biggest gathering

TikTok shuts down US access as Trump seeks app's reinstatement

US President-elect Donald Trump has launched his own meme coin

Trump launches his own meme coin, value soars

Durov said Telegram had made 'progress' in monitoring illicit use of the platform

Telegram boss admits 'seriousness' of French allegations: source

The traditional Turkish drink raki costs far more than moonshine

Bootleg liquor deaths revive debate on Turkey alcohol tax

The US Supreme Court has set a January 10 hearing for a ByteDance legal challenge to a law requiring the company to sell TikTok or see the app banned in the United States

Addictive appeal

TikTok's journey from fun app to US security concern

A communication crisis fueled by disinformation engulfed Brazil's government, forcing it to backtrack on a key financial measure

Exploiting confusion

In Brazil, disinformation deals Lula a bruising defeat

US Treasury Secretary Janet Yellen urged Congress to act quickly 'to protect the full faith and credit of the United States'

US Treasury to take 'extraordinary measures' to avoid debt default

Canada's Foreign Minister Melanie Joly, pictured here at a November 14, 2024 meeting, is warning against a trade war with the United States under incoming President Donald Trump

'Biggest trade war in decades'

Canada vows 'Trump tax' on US in response to tariffs: minister

The global stock market rally spread to the United States, pushing up all three major indices on Wall Street

Failed to attract investors

Global equities rally, pushing London and Frankfurt to new records

Olaf Scholz pledged to boost investments to get Europe's biggest economy back on track

Crisis-hit Volkswagen

At VW home base, Germany's Scholz vows to revive economy

IMF chief economist Pierre-Olivier Gourinchas, seen in October 2024, said there was a growing divergence in economic growth around the world

Slight increase

IMF raises global growth outlook and flags rising economic divergence

The EU had launched the probe into Elon Musk's X under its content moderation law in December 2023

Need to provide more details

EU deepens probe into X after Musk outbursts

Trump's proposals to hike tariffs and curtail immigration would likely constrain the supply side of the economy and push up prices, IMF Chief Economist Pierre-Olivier Gourinchas says

Affecting supply and demand

Trump's economic plans could cause inflation: IMF chief economist

Suspending Elon Musk's X in the EU could be complicated

EU has limited power to suspend Elon Musk's X

Musk's support for the far right across Europe 'is completely unacceptable' said Scholz

German Chancellor criticises attacks

Musk backing for European far right 'endangers democracy': Scholz

Beijing has in recent months announced its most aggressive support measures in years in a bid to reignite an economy that has suffered on multiple fronts

Despite support measures

Chinese economic growth among slowest in decades

Government data on Friday showed the economy grew by five percent in 2024 -- hitting a much-touted government target but its lowest since 1990

'No money': gloom on Beijing streets as economic growth slows

The previous Switch is the third-bestselling console ever after Sony's PlayStation 2

Nintendo shares down on detail-light Switch 2 teaser

Dozens of EU lawmakers, most but not all from the hard right, are cheering on tech billionaire Elon Musk

Cypriot YouTuber

'Mini-Musks' channel tech titan in EU Parliament

New Apple iPhone 16 models released late in 2024 boast generative artificial intelligence features

Accumulating complaints

Apple sidelines AI news summaries due to errors

The US Trade Representative says its probe into China's practices in the shipbuilding, maritime and logistics sectors found that Beijing undermined fair competition

USTR investigation

US trade envoy finds China's shipbuilding policies warrant 'urgent action'

US President-elect Donald Trump's Treasury chief nominee Scott Bessent urged the need to make a 2017 tax law permanent

Following grilling

US Treasury nominee says Trump can usher in 'economic golden age'

The Paris stock market surged on big gains for the luxury sector after Cartier owner Richemont reported record sales

Wall Street rally loses steam as European luxury shares advance

Thierry Breton continues to tussle publicly with tech billionaire Elon Musk over EU regulations

EU's ex-tech chief joins Bank of America as advisor

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