Business & Tech

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Business & Tech

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

An employee rearranges the Christmas display in the front window of an Oxfam charity shop in London, amid a surge of interest in buying 'pre-loved' goods for gifts

Huge uplift in trend

Brits kindle Christmas spirit with second-hand gifts

European Commission president Ursula von der Leyen (L) announced the reset with Switzerland's President Viola Amherd

Tangled up in agreements

EU, Swiss hail 'historic' new deal resetting relations

Samsung Electronics has earned a hefty US government grant to boost their chipmaking facilities in the United States

Boost production

US confirms billions in chips funds to Samsung, Texas Instruments

Rodrigo Rato headed the IMF from 2004 to 2007

Corruption and money laundering

Ex-IMF chief Rato gets four-year jail term in Spain for tax crimes

The US Fed's favored measure of inflation came in slightly higher than expected last month

Remains below expectations

Fed's favored inflation gauge edges higher in November

(FILES) A woman walks past an image of US $100 notes in Buenos Aires on December 12, 2023

'Dollars, selling dollars!'

Argentina's dollar craze cools under greenback-loving Milei

Renewables have become an ever more important part of Germany's energy mix, accounting for an average 60 percent of its electricity production so far this year

Hot campaign topic

'Dark lull' in German energy transition sparks political debate

A Spanish Eurofighter EF-2000 Typhoon II aircraft takes off at Graf Ignatievo airbase near Plovdiv, Bulgaria, on February 21, 2022

Modernising air force

Spain orders 25 more Eurofighter jets from Airbus

Russia has struggled to control inflation amid its almost three-year offensive in Ukraine

Maintained at 21%

Russia central bank holds off rate hike after criticism

Credit Suisse was hit by a string of scandals before being taken over by UBS

Executive mismanagement

Credit Suisse collapse probe slams banking regulator

The ban on Australian rock lobster is the last of several to be lifted by China

Multibillion-dollar business

China lifts rock lobster ban, bringing end to Australian trade barriers

Unionized workers at Starbucks in the United States are walking off the job Friday in a strike that is set to spread over the following days

Nationwide movement

Starbucks workers to start US strike on Friday: union

Germany's dependence on imported electricity is boosting prices -- and tempers -- elsewhere

'I'm furious with the Germans'

Sweden sees red over Germany's energy policy

US Fed chair Jerome Powell said 'policy uncertainty' had led some members of the bank's rate-setting committee to dial back the number of cuts they expect to make in 2025

Tariff hikes, tax cuts, and mass deportations

US Fed's caution on rate cuts could cause friction with Trump

Higher energy costs contributed to a jump in Japanese inflation in November

Energy-driven increase

Japanese inflation jumps to 2.7% in November

Donald Trump (left) came out against the bill after Elon Musk spent a day attacking it on social media

News exploded on X

US lawmakers reject Republican bill to avert government shutdown

A bitcoin monument at Plaza Bitcoin in El Salvador's capital

Risks 'mitigated'

El Salvador plans to sell or shut its crypto wallet

Slumping sports giant

New Nike CEO vows turnaround after earnings drop

The move comes amid a Teamsters national organizing campaign at Amazon, which has long fought unionization

At critical time

Thousands of US Amazon staff strike days before Christmas

Elon Musk speaks at a rally for Donald Trump at Madison Square Garden in New York, October 27, 2024.

'Kill the bill'

'President Musk' makes his presence felt in Washington

Japan's Bank of Japan governor Kazuo Ueda warned of 'high' uncertainty connected to policies of the incoming US President-elect Donald Trump

Spinning indexes

Global stocks mostly fall as US Treasury yields climb

Argentina President Javier Milei has slashed government spending since taking office

IMF confirms talks with Argentina about new loan agreement

Struggling Premier League club Everton have new American owners

Reported £400 million deal

US-based Friedkin Group completes Everton takeover

White House National Economic Council director Lael Brainard, seen in April 2024, warned that sweeping tariffs could hit prices hard

Rely on foreign imports

Tariffs could cause 'massive' price increases: Top Biden advisor

The aircraft order will help Pegasus Airlines expand from its current 109 international routes to 53 countries as well as 35 destinations within Turkey

Turkey's Pegasus Airlines says to buy 200 Boeing 737 aircraft

Rising consumer prices kept the Bank of England from cutting interest rates again

BoE holds interest rate after inflation rise

Vietnamese military officials look at an anti-aircraft missile launcher and ammunition during a defence expo in Hanoi

Hanoi weapons fair

US, European, Chinese firms seek to draw Vietnam arms deals from Russia

Sony said it had paid more than $300 million for a 10 percent stake in the media conglomerate behind the smash-hit game 'Elden Ring'

Sony buys 10% of 'Elden Ring' owner for $320 mn

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