Business & Tech

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RTL Lëtzebuerg

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Business & Tech

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

OPEC+ nations are currently holding back six million barrels of oil a day in efforts to prop up prices

Disgruntled countries

OPEC+ extends oil supply cuts through March

Britain's 5G mobile connectivity lags behind other G7 countries.

Massive investment ahead

Why does UK lag on 5G mobile connectivity?

The US trade gap narrowed 11.9 percent in October, government data showed

Gap shortened by nearly 12 percent

US trade deficit narrows in October as imports fall: govt

EU Commission president Ursula von der Leyen is in Montevideo

EU chief lands in South America to try close contentious trade deal

The 48-year-old billionaire manages the Agnelli estate.

48-year-old billionaire

John Elkann: Italian dynasty heir at the helm of Stellantis

Shell and Equinor say they are creating 'the UK North Sea's biggest independent producer' of oil and gas

Biggest North Sea producer

Shell, Norway's Equinor to form joint UK oil and gas firm

Temu has sucked in consumers across the world with its low prices and all-powerful algorithms

Not registered with authorities

Shopping app Temu suspended in Vietnam: state media

Bitcoin broke $100,000 for the first time ever on Thursday

Bitcoin hits $100,000 for first time

Palmer Luckey, a co-founder of Oculus VR, went on to co-found defense technology firm Anduril Industries after Facebook bought Oculus for $2 billion in 2014

'National security missions'

OpenAI to partner with military defense tech company

Thousands took to the streets in Seoul after South Korean President Yoon Suk Yeol briefly declared martial law

Overnight martial law

US stocks surge to records, shrugging off upheaval in South Korea, France

Elon Musk (R) became a close ally of US President-elect Donald Trump (L) during his campaign, spending over $100 million to boost his presidential bid

OpenAI chief 'believes' Musk will not abuse government power

On Wednesday, Powell also shrugged off a suggestion by Trump's Treasury secretary nominee Scott Bessent of choosing a shadow Fed chair that could dilute his influence

Similar relationship

Powell 'not concerned' US Fed would lose independence under Trump

Return after prison sentence

Trump taps Navarro as trade, manufacturing counselor

Players use Warhammer 40,000 games figurines such as these in compete in tournaments

Warhammer maker Games Workshop enters London's top stocks index

Brazil's left-wing President Luiz Inacio Lula da Silva, whose country dominates Mercosur, is pushing for the deal to be finalized

Long-delayed accord

South America summit hopes to seal 'historic' trade deal with EU

Police confirmed a shooting at a hotel in Midtown Manhattan

High-profile shooting

Top US executive shot dead in New York City: media

General Motors CEO Mary Barra said in October the company would stick it out in China but that it planned to restructure

GM announces more than $5 bn hit to earnings in China venture

A major stumbling block for a US-UK trade deal is reluctance by London to open its borders to certain American agricultural products

Caught between two

UK faces trade balancing act with Trump, EU

Artisans have been using the same methods from 3,000 years to make the famous Aleppo soap

Intangible culture

UNESCO grants heritage status to Aleppo soap as Syria war flares

Illegal mining, or 'galamsey', has been a flashpoint in the lead-up to Ghana's election

Political impacts

Ghana's illegal mining boom seeps into presidential election

Orano suspended production by its local unit in northern Niger owing to what it termed increasingly difficult operating conditions and financial issues

France's Orano says Niger junta controls uranium firm

US President Joe Biden is the first US president to travel to Angola

Major infrastructure project

In Angola, Biden promises to invest differently to China

Donald Trump has threatened to slap tariffs of 10 percent on all imports

OECD warns of protectionism weeks before Trump return

Vietnamese property tycoon Truong My Lan (2-L) is at the centre of a massive fraud case that has raised questions about the country's banking system

Economic scandal

Huge Vietnam fraud case raises questions over banking system

A board displays the chart of Germany's share index DAX in Frankfurt am Main, which jumped above 20,000 points for the first time

Shifting tentatively

Global stocks end mostly up with DAX crossing 20,000 for 1st time

Briton Matthew Smith, the partner of former Abercrombie & Fitch CEO Michael Jeffries, leaves court in Central Islip, New York on December 3, 2024

Released on $10 million bond

Partner of ex-Abercrombie & Fitch CEO pleads not guilty to sex trafficking

US online retail giant Amazon is looking to get into the generative AI game alongside its tech rivals

Boldest move yet

Amazon launches AI models to challenge rivals

Former Bolivian president (1993-1997 and 2002-2003) Gonzalo Sanchez de Lozada (R) fled to the United States after deadly protests over his plans to export natural gas

Oil contracts without parliamentary approval

Bolivian ex-president, who fled to US, sentenced to six years prison

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