Business & Tech

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Business & Tech

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

Semiconductors are essential to the functioning of most electronic devices, including smartphones

Gallium, antimony and germanium

China curbs exports of key chipmaking components to US

US President Joe Biden met with his Angolan counterpart Joao Lourenco during his first visit to Sub-Saharan Africa since taking office

Major infrastructure project

Biden announces $1 bn for Africa during maiden trip

Shoppers at a New Jersey Target gravitated to Taylor Swift excusive items on 'Black Friday' when US consumers turned out in force

Thanks for all the things

Retailers point to solid US sales over holiday weekend

The blue-chip German stock index followed gains on the US and Asian markets to hit a new record

DAX stock index

Defying headwinds, German stocks hit milestone

A bank in the Libyan city of Misrata -- Libyans are increasingly turning to cashless solutions

Cash crunch pushes Libyans to bank cards despite hurdles

Meta president of global affairs Nick Clegg says the Facebook parent is looking to improve the 'precision' with which it targets content for removal after admitting it may have overdone enforcement in the past

Meta says no sign of AI bedeviling elections in 2024

Nepal's Khadga Prasad Sharma Oli, who returned to power in July after two previous terms in the top job, is visiting Beijing

China's Xi vows to deepen infrastructure cooperation with Nepal: state media

Truong My Lan was found guilty of embezzling billions of dollars

Vietnam court upholds death sentence for property tycoon

China has fully lifted suspensions on Australian red meat, including beef, dismantling one of the final barriers in a four-year trade war that hammered US$13 billion of exports

Four-year trade war

China lifts final bans on Australian red meat as trade row nears end

Embattled US Steel has argued that it needs the Nippon deal to ensure sufficient investment in its Mon Valley plants in Pennsylvania

Japanese company

Trump says will 'block' Nippon Steel from taking over US Steel

US President-elect Donald Trump threatened tough tariffs on countries that challenge the US dollar

'100 percent tariffs'

Trump vows to defend US dollar hegemony, but is it under threat?

In Pakistan, deepfakes are being weaponised to smear women in the public sphere with sexual innuendo deeply damaging to their reputations in a country with conservative mores

'Increasingly convincing'

Deepfakes weaponised to target Pakistan's women leaders

Truong My Lan was found guilty of embezzling billions of dollars

Multi-billion-dollar fraud case

Vietnam property tycoon on death row awaits appeal verdict

Tesla shareholders originally backed the Elon Musk compensation plan in March 2018

Excessive and unfair

Musk's $55.8 bn Tesla pay deal again rejected by US judge

A man fishes at Juan Griego bay in Margarita Island, a Caribbean paradise in decline after a years-long economic and political crisis

Margarita island

Venezuela's 'Pearl of the Caribbean' loses its luster

The euro has come under pressure as a budget standoff in France threatens to bring down the government

Paris stocks wobble, euro falls on France budget standoff

Fed Governor Christopher Waller said he was leaning toward another rate cut in December

Aiming for two percent

US Fed officials see inflation fight as broadly on track

US National Security Advisor Jake Sullivan said the curbs were taken to prevent adversaries from using American technology in ways that threaten national security

Fierce competition

US unveils fresh export curbs targeting China's chip sector

VW unions have vowed a massive wave of strikes to protest the cost-cutting plans

Escalating dispute

Tens of thousands strike at Volkswagen's Germany plants

Carlos Tavares drove profits for years by cutting costs but the strategy recently failed for him at Stellantis

Stellantis says goodbye to 'performance psychopath' CEO

Volkswagen is seeking to make major cost cuts as it faces myriad headwinds

Drastic restructuring

From China woes to EV troubles, VW faces rocky road

Spain in 2021 passed Europe's first law that explicitly regulates the status of delivery workers, requiring that they be recognised as employees

Labour contracts

Delivery firm Glovo riders in Spain to become employees

Stellantis CEO Carlos Tavares, pictured in January 2023, was made chief executive when PSA and Fiat-Chrysler merged to form the new group

'With immediate effect'

Stellantis CEO Tavares pushed out as profit slumps

VW has been hit hard by high manufacturing costs at home, a stuttering shift to electric vehicles and tough competition in key market China

'Crisis-wracked auto titan'

VW's German workers to strike from Monday

Donald Trump, set to take office in January, campaigned on a platform of tariffs and import duties

US wine merchants urge exclusions from blanket tariffs

Elon Musk (R), part of Donald Trump's incoming administration, has suggested Australia's new under-16 social media ban is a 'backdoor way' to control internet access for all

Australian PM ready to 'engage' with Musk on social media teen ban

Canadian Prime Minister Justin Treadeau heads to meet US President-elect Donald Trump at his Mar-a-Lago luxury estate

Unannounced meeting

Trump calls meeting with Trudeau 'productive' after tariff threat

Addressing the allegations for the first time, the 62-year-old tycoon said his conglomerate was committed to 'world-class regulatory compliance'

Accused of fraud, bribery

Defiant Adani says committed to compliance after US indictment

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