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 artisanal miner holds ore extracted from the abandoned San Sebastian mine in Santa Rosa de Lima, La Union department, El Salvador, on December 5, 2024

Inviting mining companies back

President's push to scrap gold mining ban causes outcry in El Salvador

China and the United States have in recent weeks clashed over exports of key chipmaking technology, where Nvidia is a major player

Chip race heating up

China probes Nvidia for 'violating' anti-monopoly law

Oil prices rose around two percent as traders tracked developments in Syria after president Bashar al-Assad fled the country

Due to political uncertainty

Oil prices higher on China boost, Syria uncertainty

OpenAI CEO Sam Altman said that Sora is 'going to get a lot, lot better'

After a long wait

OpenAI releases Sora AI video generator to public

An Italian prosecutor argues that Meta's use of personal data amounts to a commercial transaction

Estimated revenue

Italian prosecutor says Meta owes more than 887 mn euros in VAT

British finance minister Rachel Reeves said her attendance at a meeting with eurozone counterparts was a 'milestone moment'

Resetting trade relations

UK finance minister hails 'milestone' talks with EU counterparts

Mobile money agents have become a common sight in Nigeria

Financial plight

Cash crunch fuels rising misgivings against Nigeria's money agents

Air India has ordered 10 more A350 planes from Airbus, along with 90 A320 family aircraft

Bolstering fleet

Air India buys 100 more Airbus aircraft

Volkswagen and unions have been locked in bitter talks since the company said in September it was considering closing factories in Germany for the first time in its history

German VW workers kick off second round of strikes

China's economy is battling sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt -- all of which threaten Beijing's official growth target for this year

Sluggish domestic consumption

China's leaders vow more 'relaxed' monetary policy in 2025

The ECB is set to cut interest rates for a fourth time this year

Third straight reduction

ECB to cut rates again amid bleak eurozone outlook

The suspect sought in the shooting of UnitedHealthcare CEO Brian Thompson in New York

Long-standing grievances

Murder, memes and snark: A killing lays bare US health care frustrations

The moves, which Beijing said were to safeguard national security, swiftly followed Washington's own curbs to hobble China's ability to make advanced computer chips

US clean energy, defense to be impacted by China export curbs

The Christmas lights are already on all over Britain

UK retailers feed off public affection for festive ads

French President Emmanuel Macron said he will appoint a new prime minister after the fall of Michel Barnier and rejected calls to resign

Paris stocks rally as Macron fights on, jobs data boosts Wall Street

Elon Musk has become an ever-present sidekick for Donald Trump since his US election victory

Financial backing

Musk's millions for Trump make him biggest US political donor

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

TikTok closer to US ban after losing court appeal

London's Metropolitan Police force is using facial recognition technology

Ethical dilemma

London police make 500 arrests using facial recognition tech

Fed Governor Michelle Bowman said she still sees a 'greater risk' to price stability than to the jobs market

Following two rate cuts

US facing greater risk from inflation than labor market: Fed official

The United States added 227,000 jobs in November, according to Labor Department data

More jobs than expected

US hiring rebounds after slump on hurricanes, strike

EU Commission president Ursula von der Leyen will meet leaders of South America's Mercosur bloc to try to finalize a trade deal

EU chief meeting South American leaders to try to close trade deal

The wealth of billionaires now stands at $14 trillion

268 billionaires in 2024

Billionaires' wealth more than doubles in 10 years: UBS

World Bank President Ajay Banga has been pushing to raise the level of funding committed to IDA

Grants and loans

World Bank announces record $100 bn support for world's poorest countries

Bitcoin shattered the historic level after incoming US president Donald Trump picked crypto proponent Paul Atkins to take over as chair of the Securities and Exchange Commission

Economic unrest

Bitcoin breaks $100,000, outshining wavering stock markets

Boeing's diversity policies came under fire from the US judge

Racial considerations

US judge rejects Boeing 737 MAX accord over diversity policies

The European Commission has asked TikTok to detail how it analyses and mitigates the risk of information being manipulated

Possible Russian interference

EU steps up monitoring of TikTok ahead of Romania vote

The latest security camera footage released of the suspect in the brazen New York shooting shows him smiling

Murder of Brian Thompson

New York police hunt brazen Manhattan gunman

With 27 million combined customers, Vodafone's merger with Three will vault the new group above the UK's two largest mobile operators BT EE and Virgin Media O2

Creating biggest operator

British regulator approves Vodafone UK, Three merger

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