Business & Tech

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RTL Lëtzebuerg

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Business & Tech

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

Illegal miners occupied the shaft -- once part of S. Africa's vast mining industry

From disused gold shaft

S.Africa rescuers say clearance of clandestine miners now over

Kelly Slater called Quiksilver co-founder Alan Green a 'great friend and mentor for so many'

Surf star Slater pays tribute as Quiksilver co-founder Green dies

Fed governor Christopher Waller, seen in February 2020, said he could support a rate cut in the first half of the year

If inflation data cooperates

US could cut interest rates 3 or 4 times this year: Fed official

LIV Golf has signed a broadcast deal in the United States with Fox Sports

Saudi-backed league

LIV Golf sign United States broadcast deal with Fox Sports

British oil giant BP has announced it will cut thousands of staff jobs.

Oil giant BP cuts thousands of jobs to slash costs

The Lilium Jet may make its first manned flight later this year

Slovak entrepreneur funding rescue of German flying taxi startup

Many observers argue X has shifted rightwards since Elon Musk's 2022 takeover

Alternative platform

French researchers aim to ease X refugees' path with 'HelloQuitX'

A worker drives past residential buildings under construction by Chinese real estate developer Vanke in Hangzhou in March 2024

Prolonged housing slump

China property giant Vanke's CEO 'taken away' by police: report

Washington has expanded its efforts in recent years to curb exports of state-of-the-art chips to China, concerned that these can be used to advance Beijing's military systems and other tech capabilities

China to probe US chips over dumping, subsidies

TikTok and several other prominent Chinese apps face complaints they don't respect EU data protection rules

Chinese apps including TikTok hit by privacy complaints in Europe

Apple's performance in China is suffering from a slump in shipments, which dropped to 42.9 million in 2024

'Intense competition'

Apple loses top spot in China smartphone sales to local rivals

Chinese President Xi Jinping (R) shakes hands with Sri Lankan President Anura Kumara Dissanayake during a signing ceremony at the Great Hall of the People in Beijing on January 15, 2025

Historic foreign investment

Sri Lanka signs landmark $3.7 bn deal with Chinese state oil giant

British finance minister Rachel Reeves has faced opposition calls to resign

Below expectation

UK economy rebounds but headwinds remain for govt

China has introduced incentives to get the country's consumers back into shops, with subsidies for a range of goods including smartphones and microwave ovens

Confidence still shaken

Chinese give guarded welcome to spending subsidies

Prime Minister Shehbaz Sharif said the World Bank plans to loan Pakistan $20 billion over the coming decade

Amid global economic downturn

World Bank plans $20 bn payout for Pakistan over coming decade

At the prospect of a US ban on TikTok, American users have flocked to another Chinese-owned app in droves

US 'TikTok refugees' flock to alternative Chinese app

Nintendo has been tight-lipped about a launch date for its new gaming console amid heavy speculation its release could be imminent

'Industry whispers'

Nintendo rumour mill in overdrive over new Switch

Regulators deceived?

Toyota arm Hino makes deal to settle emission fraud case

US Treasury Secretary Janet Yellen said the country's projected fiscal path under current policies is not sustainable

Outgoing treasury secretary

Yellen warns against extending Trump's first-term US tax cuts

Energy costs were a key driver of inflation in December

Third straight month

US consumer inflation rises in December but underlying pressures ease

Washington has expanded its efforts in recent years to curb exports of state-of-the-art chips to China

Limiting exports

US tightens controls on advanced chips to curb flow to China

Manufacturers have been stockpiling inventory in anticipation of higher tariffs, businesses contacts have told the US Federal Reserve

Anticipation builds

US firms concerned about Trump tariff, immigration plans: Fed

An unexpected dip in UK annual inflation and lower-than-expected 'core' inflation in the United States boosted sentiment

Following blockbuster employment figures

Stock markets get boost from bank earnings, inflation data

Food prices have risen fast in Russia over the last year

Russian inflation climbs as Ukraine offensive weighs on economy

Executives pointed to optimism in the finance industry as bankers eye an easing of regulatory oversight from Washington under the incoming Trump administration

US bank profits rise as Wall Street hopes for merger boom

The US Supreme Court is expected to rule this week on TikTok's bid to remain open

Ruling imminent

From ban to buyout: What next for TikTok in the US?

Britons remain hampered by high interest rates and elevated energy bills despite the annual inflation rate retreating from a four-decade peak of above 11 percent in October 2022

UK inflation dips, easing some pressure on government

Volkswagen's woes have come to symbolise the problems facing Germany's economy

Struggling to recover

German economy shrinks again amid political crisis

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