Business & Tech

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Business & Tech

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

HSBC's share price has risen to an 11-year high in Hong Kong

Simple and dynamic

HSBC targets $1.5 bn in annual cost savings after revamp

A truck prepares to enter the United States at a border crossing in Blackpool, Canada, a country which has vowed to hit back if Washington goes ahead with 25 percent tariffs on Canadian imports

US tariffs threat a 'shock' to Canadian businesses

US President Donald Trump announces reciprocal tariffs from the White House Oval Office on February 13, 2025 as Howard Lutnick looks on

Defender of tarifs

US lawmakers confirm Howard Lutnick as commerce secretary

The WTO is upgrading its tariff analysis database and will launch the new version on March 4

World Trade Organization

China condemns US 'tariff shocks' at WTO

The first meeting between top US and Russian diplomats since's Russia's invasion of Ukraine has caused uncertainty in markets

Good day all round

Global stocks unfazed as US and Russia hold talks

Digital giants like Meta have recently muscled in to the world of subsea cables

For artificial intelligence

Meta plans undersea cable to link five continents

US President Donald Trump announces reciprocal tariffs from the White House Oval Office on February 13, 2025 as Howard Lutnick looks on

Wall Street billionaire

US lawmakers due to confirm Howard Lutnick as commerce secretary

The 3,000 jobs to be cut by the end of next year come on top of 7,150 that are due to go by the end of this year

By the end of 2026

German auto supplier Continental to cut 3,000 more jobs

Published in September, Mario Draghi's report starkly illustrated the problems for the European Union because of weak economic growth and low productivity

After Trump tariffs, EU must urgently revamp economy: Draghi

The company is burdened with £16 billion in debt and needs to invest massively to replace dated infrastructure to continue serving its 16 million customers in the London region

Largest water supplier

UK court backs £3 bn loan for indebted Thames Water

Slashing bureaucracy was a key demand at a recent Berlin protest called by business groups wanting to revive the stagnating economy

'Needs to be slayed'

German 'bureaucracy monster' on everyone's election hit list

Northern France affected

Citroen extends car recall over airbag danger

While India's electric car market is small, it still represents a growth opportunity for Tesla which is battling increased Chinese competition

Expanding their horizons

Tesla begins hiring in India after Musk and Modi meet

Elon Musk's AI company is releasing a new version of its chatbot, Grok

Musk launches 'scary smart' AI chatbot

Submarine cables form the backbone of global communications, carrying approximately 99 percent of the world's internet traffic

Fishing trawlers, not sabotage, behind most undersea cable damage: UN

Argentine prosecutors will probe President Javier Milei after he promoted a cryptocurrency that crashed, losing investors billions of dollars

'I did not promote it'

Argentina's Milei denies role in 'cryptogate' as prosecutors launch probe

Argentine prosecutors will probe President Javier Milei after he promoted a cryptocurrency that crashed, losing investors billions of dollars

Flood of complaints

Argentine prosecutors to probe Milei over 'cryptogate'

European leaders were to meet on Ukraine on Monday

European markets rise ahead of Ukraine war talks

Amazon could end up on the hook for $3.1 billion

Financial crimes police

Italy probing Amazon over 1.2b euros in third-party seller VAT

Keir Starmer (L) will told talks with Donald Trump in Washington

To discuss 'wide range of issues'

Starmer to meet Trump 'next week': UK govt

Large AI producers

China's Xi tells business leaders private sector challenges 'surmountable'

Efforts by Elon Musk's Department of Government Efficiency to access IRS data has sparked alarm that private data could be at risk

Financial data of millions

Musk's DOGE seeks access to US tax system: reports

A man watches a live broadcast of Sri Lanka's President Anura Kumara Dissanayake presenting the 2025 budget to parliament

Battered economy

Sri Lanka budget banks on car taxes to boost coffers

Chinese startup DeepSeek's R1 chatbot stunned investors and industry insiders with its ability to match the skills of its Western competitors at a fraction of the cost

DeepSeek removed from South Korea app stores pending privacy review

Creating ads with AI

Luxembourgish start-up LETZ AI rubbing shoulders with the elite

German heavyweight Zalando is among the retailers to introduce an AI sizing tool on their websites

The future is now

Online shopping giants bet on AI to curb clothes returns

Kolkata's fleet of snub-nosed yellow taxis are a readily recognisable symbol of the city's identity

Mourning a vanishing emblem

End of the road for Kolkata's beloved yellow taxis

Chinese AI chatbot DeepSeek upended the global industry and wiped billions of US tech stocks when it unveiled its R1 programme, which it claims was built on cheap, less sophisticated Nvidia semiconductors

Malicious espionage operations?

Chatbot vs national security? Why DeepSeek is raising concerns

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