Business & Tech

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Business & Tech

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

The EU had launched the probe into Elon Musk's X under its content moderation law in December 2023

Need to provide more details

EU deepens probe into X after Musk outbursts

Trump's proposals to hike tariffs and curtail immigration would likely constrain the supply side of the economy and push up prices, IMF Chief Economist Pierre-Olivier Gourinchas says

Affecting supply and demand

Trump's economic plans could cause inflation: IMF chief economist

Suspending Elon Musk's X in the EU could be complicated

EU has limited power to suspend Elon Musk's X

Musk's support for the far right across Europe 'is completely unacceptable' said Scholz

German Chancellor criticises attacks

Musk backing for European far right 'endangers democracy': Scholz

Beijing has in recent months announced its most aggressive support measures in years in a bid to reignite an economy that has suffered on multiple fronts

Despite support measures

Chinese economic growth among slowest in decades

Government data on Friday showed the economy grew by five percent in 2024 -- hitting a much-touted government target but its lowest since 1990

'No money': gloom on Beijing streets as economic growth slows

The previous Switch is the third-bestselling console ever after Sony's PlayStation 2

Nintendo shares down on detail-light Switch 2 teaser

Dozens of EU lawmakers, most but not all from the hard right, are cheering on tech billionaire Elon Musk

Cypriot YouTuber

'Mini-Musks' channel tech titan in EU Parliament

New Apple iPhone 16 models released late in 2024 boast generative artificial intelligence features

Accumulating complaints

Apple sidelines AI news summaries due to errors

The US Trade Representative says its probe into China's practices in the shipbuilding, maritime and logistics sectors found that Beijing undermined fair competition

USTR investigation

US trade envoy finds China's shipbuilding policies warrant 'urgent action'

US President-elect Donald Trump's Treasury chief nominee Scott Bessent urged the need to make a 2017 tax law permanent

Following grilling

US Treasury nominee says Trump can usher in 'economic golden age'

The Paris stock market surged on big gains for the luxury sector after Cartier owner Richemont reported record sales

Wall Street rally loses steam as European luxury shares advance

Thierry Breton continues to tussle publicly with tech billionaire Elon Musk over EU regulations

EU's ex-tech chief joins Bank of America as advisor

Illegal miners occupied the shaft -- once part of S. Africa's vast mining industry

From disused gold shaft

S.Africa rescuers say clearance of clandestine miners now over

Kelly Slater called Quiksilver co-founder Alan Green a 'great friend and mentor for so many'

Surf star Slater pays tribute as Quiksilver co-founder Green dies

Fed governor Christopher Waller, seen in February 2020, said he could support a rate cut in the first half of the year

If inflation data cooperates

US could cut interest rates 3 or 4 times this year: Fed official

LIV Golf has signed a broadcast deal in the United States with Fox Sports

Saudi-backed league

LIV Golf sign United States broadcast deal with Fox Sports

British oil giant BP has announced it will cut thousands of staff jobs.

Oil giant BP cuts thousands of jobs to slash costs

The Lilium Jet may make its first manned flight later this year

Slovak entrepreneur funding rescue of German flying taxi startup

Many observers argue X has shifted rightwards since Elon Musk's 2022 takeover

Alternative platform

French researchers aim to ease X refugees' path with 'HelloQuitX'

A worker drives past residential buildings under construction by Chinese real estate developer Vanke in Hangzhou in March 2024

Prolonged housing slump

China property giant Vanke's CEO 'taken away' by police: report

Washington has expanded its efforts in recent years to curb exports of state-of-the-art chips to China, concerned that these can be used to advance Beijing's military systems and other tech capabilities

China to probe US chips over dumping, subsidies

TikTok and several other prominent Chinese apps face complaints they don't respect EU data protection rules

Chinese apps including TikTok hit by privacy complaints in Europe

Apple's performance in China is suffering from a slump in shipments, which dropped to 42.9 million in 2024

'Intense competition'

Apple loses top spot in China smartphone sales to local rivals

Chinese President Xi Jinping (R) shakes hands with Sri Lankan President Anura Kumara Dissanayake during a signing ceremony at the Great Hall of the People in Beijing on January 15, 2025

Historic foreign investment

Sri Lanka signs landmark $3.7 bn deal with Chinese state oil giant

British finance minister Rachel Reeves has faced opposition calls to resign

Below expectation

UK economy rebounds but headwinds remain for govt

China has introduced incentives to get the country's consumers back into shops, with subsidies for a range of goods including smartphones and microwave ovens

Confidence still shaken

Chinese give guarded welcome to spending subsidies

Prime Minister Shehbaz Sharif said the World Bank plans to loan Pakistan $20 billion over the coming decade

Amid global economic downturn

World Bank plans $20 bn payout for Pakistan over coming decade

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