Business & Tech

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Business & Tech

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

The mining sector now accounts for four percent of Ivory Coast's gross domestic product

Driven by foreign investment

Ivory Coast wants bigger share of its mining boom

Strategic change?

Taiwan's Foxconn in talks with Renault over Nissan stake: report

Japan's government recently passed an extra budget to help pay for a massive economic stimulus package

Extended retreat

Yen drops as Bank of Japan maintains key interest rate

Federal Reserve Chair Jerome Powell said the central bank is now

Fuel to the fire

US stocks tumble, dollar rallies as Fed signals fewer 2025 rate cuts

The US government alleges TikTok allows Beijing to collect data and spy on users

To sell or to shut it down

US Supreme Court agrees to hear TikTok ban case

Mass tourism is a hot topic in Spain as foreign visitors drive the economy but fuel anger about unaffordable housing

Investigation underway

Spain targets Airbnb in illegal ads probe

UniCredit has been building up a stake in Commerzbank

UniCredit ups pressure on Commerzbank, fuelling German anger

Limited transmission capacity means green energy projects have waited years to connect Britain's electricity grid

To counter grid struggles

UK electricity grid set for 'unprecedented' £35 bn investment

UniCredit, Italy's second largest bank, says it has increased its stake in Commerzbank from 21 percent to around 28 percent

Increased stakes

Germany criticises UniCredit's 'unfriendly' moves on Commerzbank

Netflix said it was appealing against the decision

Unclear use of data

Dutch authorities fine Netflix 4.75 mn euros over personal data use

'I know families are still struggling with the cost of living,' said Reeves

Above Bank of England's target rate

Further hike in UK inflation hits rate cut chance

Honda and Nissan had already deepened ties earlier in 2024 when they agreed to explore a strategic partnership on electric vehicles

Taking on Tesla

Japanese carmakers Honda, Nissan in preliminary merger talks: reports

Kioxia president and CEO Nobuo Hayasaka rang the bell at a ceremony to mark the company’s stock market debut

Versatile use, volatile price

Shares in Japan chipmaker Kioxia jump 10% on Tokyo debut

Russia's economy is suffering from inflation, high borrowing costs and growing numbers of bankruptcies which many analysts blamed on the conflict with Ukraine

Invasion to blame

Economic woes mount for Russia's war machine

Unlike their mass-produced cousins, the tough garments crafted at the small Momotaro Jeans factory in southwest Japan are designed to be worn for decades, and come with a lifetime repair warranty

For denim connoisseurs only

True blue tradition: how Japan's coveted jeans are made

US President-elect Donald Trump has welcomed a string of business and political leaders to Mar-a-Lago

America's darling

'Everybody wants to be my friend': Trump feels the love

US stocks fell despite data showing solid November retail sales

Policy decision

Stock markets mostly drop ahead of Fed policy update

A blockbuster funding round for San Francisco-based startup Databricks is another sign of hunger by investors for companies poised to cash in on generative artificial intelligence

Blockbuster funding round

AI startup Databricks raises $10 bn as value soars

Jerome Powell, seen in November, is expected to indicate the Fed may cut rates more slowly in the coming months

Potential policy changes

US Fed begins final 2024 rate meeting with cut expected

The Data Protection Commission (DPC) criticised Meta for a security flaw in its video upload function which hackers were able to exploit

Data protection failure

Ireland fines Meta 251 mn euros over Facebook hacks

The October 29 floods washed away roads and rail lines, submerged fields and gutted homes and businesses

Spain central bank raises 2024 growth forecast despite floods

Russian involvement

EU launches probe into TikTok over Romania vote 'interference'

The resignation of Chrystia Freeland marks the first open dissent against Canadian Prime Minister Justin Trudeau from within his cabinet, and may threaten his hold on power

Enough is enough

Canada deputy PM quits in tariff rift with Trudeau

Macau's Casino Lisboa is a world famous symbol of its gaming industry, but Beijing is pushing for the city to evolve beyond its casinos

Diversifying from casinos

Chinese casino hub Macau struggles to evolve beyond gaming

OpenAI is making internet search available to all ChatGPT users, allowing people to engage conversationally with the chatbot while seeking answers or information from the internet

Search function for free

ChatGPT search opens to all users in challenge to Google

Newly appointed France's Prime Minister and mayor of Pau Francois Bayrou addresses media at the end of the municipal council at the town hall in Pau, southwestern France on December 16, 2024

Unexpected slowdown

Global stocks mostly fall, bitcoin soars to new peak

The ongoing conflict has caused economic output in the Palestinian territories to plummet, the World Bank said

Catastrophic impact

Palestinian economy facing unprecedented crisis: World Bank

SoftBank CEO Masayoshi Son delivers remarks while US President-elect Donald Trump looks on at Mar-a-Lago in Florida on December 16, 2024

Trump touts $100 bn SoftBank investment, vowing 100,000 jobs

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