Business & Tech

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Business & Tech

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

Google, ChatGPT-maker OpenAI, Meta and Amazon are furiously taking steps to release more powerful AI models despite their immense cost and some questions about their immediate usefulness to the broader economy

Advanced artificial intelligence

Google unveils latest AI model, Gemini 2.0

US officials are set to meet their Chinese counterparts soon, before President-elect Donald Trump returns to the White House

Two largest economies

US-China officials to hold economic talks before Trump return

'After the war, we will see growth rates and development opportunities in Ukraine,' said Scholz

Germany's Scholz urges investment in 'future EU member' Ukraine

The Bank of Canada has lowered its key lending rate in a bid to help a slowing economy

To aid a slowing economy

Canada central bank makes half point rate cut to 3.25%

Inflation is on the rise in the United States as President Joe Biden prepares to hand over to Donald Trump

Driven by food, housing prices

US consumer inflation accelerates for second straight month in November

Albertsons announced it was terminating its proposed $25 billion deal with Kroger and suing its former partner for breach of contract

Supermarket mega-merger

Food fight: $25 bn US grocery deal falls apart

Apple is aiming to compete with rivals Google and Samsung in the generative AI space

Artificial Intelligence

Apple adds ChatGPT integration in latest software update

A Chinese man and co-conspirators allegedly took advantage of a vulnerability in firewalls sold by UK-based cybersecurity company Sophos

Firewall attacks

US offers $10 mn reward for wanted Chinese hacker

'No free country without a free press': A Reporters Without Border protest

Muzzling the media

Balkan journalists battle deluge of malicious lawsuits

This handout mugshot provided by the Pennsylvania Department of Corrections shows Luigi Mangione, charged with murder in the death of a health insurance executive in New York

Standout student

CEO killer suspect: golden boy who soured on US health system

GM bought the Cruise startup in 2016 and has since poured billions of dollars to make the operation a viable business

Major turnaround

GM abandons robotaxi operations derailed by accident

The deal worth $14.9 billion including debts is being reviewed in Washington

Billion-dollar take-over

Nippon Steel slams 'inappropriate' politics in US deal

Javier Milei's government has applied a drastic austerity program with the aim of eliminating the budget deficit and taming chronic inflation

Argentina's Milei touts US trade deal, says 'happy times' ahead

Investors are hoping Chinese leaders will unveil more measures to kickstart the world's number two economy

Kick-starting growth

China's leaders to chart economic plans for 2025: report

Kroger, the supermarket giant which owns Food 4 Less among other grocery brands, was blocked by a US judge in its proposed merger with rival chain Albertsons

Deal in jeopardy

US courts block Kroger's $25 bn supermarket mega-merger

The euro dipped ahead of the European Central Bank's meeting, at which it is expected lower interest rates

New effort to kickstart growth

Global stocks mostly fall ahead of ECB, US inflation data

The administration of outgoing US President Joe Biden has disbursed a massive loan to Ukraine, shortly before Donald Trump takes office

G7 support package

US disburses $20 bn Ukraine loan backed by profits from Russian assets

President Joe Biden said US consumers would pay the price for the tariffs that Donald Trump has vowed to slap on US neighbors Mexico and Canada and on Asia-Pacific rival China

Challenging successor

Biden says Trump economic plan will be 'disaster'

US Treasury Secretary Janet Yellen warned that President-elect Donald Trump's sweeping tariff proposals could raise prices for consumers and pressure firms

Treasury secretary

Trump's tariff plans may 'derail' US inflation progress: Yellen

IATA chief Willie Walsh said many in the industry were angry at Boeing and Airbus

Slamming the majors

Airlines chief says jet manufacturers need to deliver

Boeing workers shown just after union leaders announced November 4 that the contract was ratified, ending a more than 50-day strike

Boeing resumes production at Seattle plants after strike

The US government's Micron investment aims to bring development and production of advanced memory semiconductor technology to US shores

Semiconductor production

US firms up $6.2 bn Micron funding to boost chipmaking

Britain's finance minister Rachel Reeves pledged to cut public spending waste.

'Iron fist' approach

UK pledges to cut government spending waste

Air passenger numbers are soaring

For the first time

Air passenger numbers to top five billion in 2025: IATA

China's CATL is a major vehicle battery maker

Stellantis, Chinese firm CATL plan $4bn battery plant in Spain

The Transylvanian village of Cincsor lies at the foot of Romania's Carpathian mountains

Land of Dracula

Transylvania's last Saxons revive its stunning ghost villages

Chinese President Xi Jinping warned Tuesday that a trade war with the United States would result in

With Trump incoming

China's Xi warns 'no winners' in trade war with US

Rupert Murdoch (C), 93, has lost his bid to ensure Lachlan Murdoch would control his media empire

'First family of news'

Murdoch loses 'Succession' battle for son's control of media empire: report

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