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 ban on Australian rock lobster is the last of several to be lifted by China

Multibillion-dollar business

China lifts rock lobster ban, bringing end to Australian trade barriers

Unionized workers at Starbucks in the United States are walking off the job Friday in a strike that is set to spread over the following days

Nationwide movement

Starbucks workers to start US strike on Friday: union

Germany's dependence on imported electricity is boosting prices -- and tempers -- elsewhere

'I'm furious with the Germans'

Sweden sees red over Germany's energy policy

US Fed chair Jerome Powell said 'policy uncertainty' had led some members of the bank's rate-setting committee to dial back the number of cuts they expect to make in 2025

Tariff hikes, tax cuts, and mass deportations

US Fed's caution on rate cuts could cause friction with Trump

Higher energy costs contributed to a jump in Japanese inflation in November

Energy-driven increase

Japanese inflation jumps to 2.7% in November

Donald Trump (left) came out against the bill after Elon Musk spent a day attacking it on social media

News exploded on X

US lawmakers reject Republican bill to avert government shutdown

A bitcoin monument at Plaza Bitcoin in El Salvador's capital

Risks 'mitigated'

El Salvador plans to sell or shut its crypto wallet

Slumping sports giant

New Nike CEO vows turnaround after earnings drop

The move comes amid a Teamsters national organizing campaign at Amazon, which has long fought unionization

At critical time

Thousands of US Amazon staff strike days before Christmas

Elon Musk speaks at a rally for Donald Trump at Madison Square Garden in New York, October 27, 2024.

'Kill the bill'

'President Musk' makes his presence felt in Washington

Japan's Bank of Japan governor Kazuo Ueda warned of 'high' uncertainty connected to policies of the incoming US President-elect Donald Trump

Spinning indexes

Global stocks mostly fall as US Treasury yields climb

Argentina President Javier Milei has slashed government spending since taking office

IMF confirms talks with Argentina about new loan agreement

Struggling Premier League club Everton have new American owners

Reported £400 million deal

US-based Friedkin Group completes Everton takeover

White House National Economic Council director Lael Brainard, seen in April 2024, warned that sweeping tariffs could hit prices hard

Rely on foreign imports

Tariffs could cause 'massive' price increases: Top Biden advisor

The aircraft order will help Pegasus Airlines expand from its current 109 international routes to 53 countries as well as 35 destinations within Turkey

Turkey's Pegasus Airlines says to buy 200 Boeing 737 aircraft

Rising consumer prices kept the Bank of England from cutting interest rates again

BoE holds interest rate after inflation rise

Vietnamese military officials look at an anti-aircraft missile launcher and ammunition during a defence expo in Hanoi

Hanoi weapons fair

US, European, Chinese firms seek to draw Vietnam arms deals from Russia

Sony said it had paid more than $300 million for a 10 percent stake in the media conglomerate behind the smash-hit game 'Elden Ring'

Sony buys 10% of 'Elden Ring' owner for $320 mn

The mining sector now accounts for four percent of Ivory Coast's gross domestic product

Driven by foreign investment

Ivory Coast wants bigger share of its mining boom

Strategic change?

Taiwan's Foxconn in talks with Renault over Nissan stake: report

Japan's government recently passed an extra budget to help pay for a massive economic stimulus package

Extended retreat

Yen drops as Bank of Japan maintains key interest rate

Federal Reserve Chair Jerome Powell said the central bank is now

Fuel to the fire

US stocks tumble, dollar rallies as Fed signals fewer 2025 rate cuts

The US government alleges TikTok allows Beijing to collect data and spy on users

To sell or to shut it down

US Supreme Court agrees to hear TikTok ban case

Mass tourism is a hot topic in Spain as foreign visitors drive the economy but fuel anger about unaffordable housing

Investigation underway

Spain targets Airbnb in illegal ads probe

UniCredit has been building up a stake in Commerzbank

UniCredit ups pressure on Commerzbank, fuelling German anger

Limited transmission capacity means green energy projects have waited years to connect Britain's electricity grid

To counter grid struggles

UK electricity grid set for 'unprecedented' £35 bn investment

UniCredit, Italy's second largest bank, says it has increased its stake in Commerzbank from 21 percent to around 28 percent

Increased stakes

Germany criticises UniCredit's 'unfriendly' moves on Commerzbank

Netflix said it was appealing against the decision

Unclear use of data

Dutch authorities fine Netflix 4.75 mn euros over personal data use

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