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.

The yuan hit the lowest dollar level since late 2023

Wall Street stocks bounce higher, Europe retreats

Microsoft president Brad Smith says the United States is in a race with China to spread its artificial intelligence technology to other countries, making it a de facto standard for use around the world

Microsoft expects to spend $80 bn on AI this fiscal year

Rescue personnel work near the wreckage of a Jeju Air plane after it crashed at South Korea's Muan International Airport, killing 179 people on board

Operation ongoing

South Korea begins lifting Jeju Air wreckage after fatal crash

Prices for food oils rose in 2024

Still higher than pre-Covid

World food prices dip 2% in 2024: FAO

Beijing says it will respond accordingly if the US places restrictions on Chinese drone exports

Take 'all necessary measures'

Beijing slams US over potential Chinese drone ban

US President Joe Biden has decided to block the proposed $14.9 billion purchase of US Steel by Japan's Nippon Steel and will reportedly announce the move as soon as Friday

Damage relations

Biden to block US-Japan steel deal: US media

Chinese authorities have been clear they want to reorientate the economy around areas of high-tech innovation, for example in the green energy sector

Economic planning

China says 'determined' to open up to world in 2025

Rescue personnel work near the wreckage of a Jeju Air plane after it crashed at South Korea's Muan International Airport this week, killing 179 people on board

South Korea to lift Jeju Air plane tail after fatal crash

President-elect Donald Trump is is not expected to champion regulation aimed preventing internet service providers from abusing their power over users

Internet service providers

US court blocks Biden-era net neutrality rules

Not so private conversations

Apple agrees to $95 mn deal to settle Siri eavesdropping suit

South Korean cryptocurrency entrepreneur Do Hyeong Kwon at a court appearance in Podgorica, Montenegro, in March 2024

Extradited SKorean crypto 'genius' in court to face US charges

Nick Clegg says its the right time for him to hand his job as Meta President of Global Affairs to Joel Kaplan

Former UK deputy prime minister

Nick Clegg leaves Meta global policy team

The Cybertruck arrived in a more significant way in 2024, but a sluggish ramp-up was one of the factors in teh drop in annual sales

Stiff competition

Tesla reports lower 2024 auto deliveries, missing forecast

Washington is mulling new rules to tackle risks from drones containing Chinese or Russian technology

Potential security risks

US mulls new restrictions on Chinese drones

BYD electric cars waiting to be loaded onto a ship for export at the international container terminal of Taicang Port in Suzhouin February 2024

Growing overseas presence

Sales surge in 2024 for Chinese EV giant BYD

Wall Street has gotten off to a slow start in 2024, with Asia following suit

Following holiday blues

Asia stocks begin year on cautious note

Russia's Gazprom has supplied gas to Europe via pipelines crossing Ukraine for decades

Decades-long arrangement

Moscow, Kyiv end Russian gas transit to Europe via Ukraine

Supporters of impeached South Korea President Yoon Suk Yeol hold up anti-impeachment placards

Right-wing YouTubers back South Korea president's last stand

Elon Musk has adopted a new online persona, sparking a flood of speculation online

Sparking speculation

Musk flummoxes internet with 'Kekius Maximus' persona

Ukraine has refused to renew a deal on gas transit as a result of Russia's invasion

Due to invasion

End of Russian gas via Ukraine sparks unease in eastern Europe

Bulls ruled Wall Street in 2024

Investor enthusiasm

Global markets rode AI, interest rate roller coaster in 2024

Tariffs under incoming US president Donald Trump loom as an obstacle for China's economy in the new year

US stocks slip as European markets ring out year with gains

The property is in London's upmarket Primrose Hill area

Catching the thief

£1.5 mn reward offered after 'brazen' London gem raid

Xi made the remarks after a slow economic year for China

Weak consumption, soaring debt

Xi says China must apply 'more proactive' macroeconomic policies in 2025

Musk, the world's richest man, has repeatedly waded into German politics in support of the far-right AfD

Rejected by major leaders

German leaders hit back at Musk's support for far right

TikTok's huge global success has been partly built on the success of its

Threat neglected

Venezuela fines TikTok $10 million over viral challenge deaths

Wall Street losses put paid to the usual 'Santa Claus rally'

No Santa rally for stocks as equities slide

The US Treasury department said that some of its workstations had been hacked after a third-party cybersecurity service provider was compromised

Allegations rejected by Beijing

US Treasury says was targeted by China state-sponsored cyberattack

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