Business & Tech

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Business & Tech

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

Trump hailed his first meeting with Xi in six years as a

'Great success'

Trump, Xi ease fight on tariffs, rare earths

Officials began hiking rates from below zero in March last year

Bank of Japan keeps interest rates unchanged

The US government shutdown enters its 30th day on Thursday, putting a scheduled GDP data release on ice along with other economic reports this month

US economy in the dark as government shutdown cuts off crucial data

Samsung posts 32% profit rise on-year in third quarter

AI-fuelled market

Samsung posts 32% profit rise on-year in third quarter

New Zealand farmers agree to sell dairy coop Fonterra's consumer business to France's Lactalis

Valued at NZ$4.2 billion

'Utter madness': NZ farmers agree dairy sale to French group

Argentina's President Javier Milei has vowed to press ahead with his radical free market agenda after his resounding victory in national mid-term elections

Argentina's libertarian President

Taxes, labor laws, pensions: what Milei wants to do next

Google said its Gemini App now boasts over 650 million monthly active users

Booming industry

Google parent Alphabet posts first $100 bn quarter as AI fuels growth

Boeing results were weighed down by the latest large hit from the delayed certification of the 777X

Due to prolonged certification process

Boeing reports $5.4 bn loss on large hit from 777X aircraft delays

Meta shares sink as $16 bn US tax charge tanks profit

US Federal Reserve chair Jerome Powell told reporters that there had been strong divisions over the future path of monetary policy during the interest rate-setting meeting

Would boost American economy

Divided US Fed backs second quarter-point rate cut of 2025

US Federal Reserve Chair Jerome Powell said the central bank might adopt a more cautious approach to changing monetary policy in light of the lack of economic data due to the government shutdown

Ahead of Federal Reserve announcement

Dollar rises after Fed chair says December rate cut not a given

South Africa's President Cyril Ramaphosa is making a two-day state visit to Switzerland

'Text-based' negotiations

S. African president eyes better US tariff deal 'soon'

John Malone reached the highest echelons of the global media business when he sold his vast TCI cable group to AT&T in 1999 in a $48 billion deal

US media mogul John Malone to step down as head of business empire

Nvidia CEO Jensen Huang is expected in South Korea at the same time US President Donald Trump meets his Chinese counterpart Xi Jinping

AI chip giant Nvidia becomes world's first $5 trillion company

Megan Garcia stands next to a picture of her late son, Sewell Setzer III. The 14-year-old had fallen in love with a 'Game of Thrones' -inspired chatbot from Character.AI

Starting November

Startup Character.AI to ban direct chat for minors after teen suicide

European carmakers and parts suppliers have warned of shortages of key chips supplied by Nexperia that would force stoppages at production lines in Europe

Amid row with the Netherlands

EU seeks 'urgent solutions' with China over chipmaker Nexperia

The bank credited its 'strong results' to the addition of more than seven million new customers

Over 7 million new customers

Spain's Santander bank posts record profit

US President Donald Trump speaks during the Asia-Pacific Economic Cooperation (APEC) CEO Summit at the Gyeongju Arts Center in Gyeongju

Following trade war

Trump expects 'great meeting' with Xi

GSK now expects 2025 revenue growth of six to seven percent, double the lower end of its previous forecast

Full-year outlook

UK drugmaker GSK lifts 2025 guidance despite US tariffs

Even if Mercedes has a car plant in the United States it also has to face stiff US tariffs on imported car parts

German premium carmaker

Mercedes-Benz profit plunges on China slump and US tariffs

Norway is Western Europe's largest oil and gas producer due to its offshore fields

Net loss of $210 million

Norway's energy giant Equinor falls into loss

Australian police are working with Microsoft to develop a tool that can unravel sinister messages hidden by seemingly innocuous emojis and slang

Emoji-laden messages

Australian police design AI tool to decipher predators' Gen Z slang

Belgium is set for a record potato harvest

Traditional side

Record potato harvest is no boon in fries-mad Belgium

Investment banking operations led the growth in the third quarter

Germany's largest bank

Deutsche Bank posts record profit on strong trading

UBS's quarterly earnings were doped by $668 million in provisions that were released

Third-quarter earnings

UBS beats expectations as claws backs provisions

The tanker Boracay from Russia's so-called

Allegedly offering cover to Russian ship

NZ raids shipping insurer over alleged sanctions busting

The USS Gravely arrived at the Port of Spain on October 26

In violation with embargo

As US blows up drug boats, Venezuelan oil sets sail

OpenAI CEO Sam Altman says the startup is devoting $25 billion to curing disease and finding ways to maximize benefits of generative artificial intelligence while minimizing its risks

Sweeping overhaul

Microsoft holds 27% of OpenAI in revamped partnership

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