Business & Tech

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Business & Tech

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

This handout mugshot provided by the Pennsylvania Department of Corrections shows Luigi Mangione, charged with murder in the death of a health insurance executive in New York

Standout student

CEO killer suspect: golden boy who soured on US health system

GM bought the Cruise startup in 2016 and has since poured billions of dollars to make the operation a viable business

Major turnaround

GM abandons robotaxi operations derailed by accident

The deal worth $14.9 billion including debts is being reviewed in Washington

Billion-dollar take-over

Nippon Steel slams 'inappropriate' politics in US deal

Javier Milei's government has applied a drastic austerity program with the aim of eliminating the budget deficit and taming chronic inflation

Argentina's Milei touts US trade deal, says 'happy times' ahead

Investors are hoping Chinese leaders will unveil more measures to kickstart the world's number two economy

Kick-starting growth

China's leaders to chart economic plans for 2025: report

Kroger, the supermarket giant which owns Food 4 Less among other grocery brands, was blocked by a US judge in its proposed merger with rival chain Albertsons

Deal in jeopardy

US courts block Kroger's $25 bn supermarket mega-merger

The euro dipped ahead of the European Central Bank's meeting, at which it is expected lower interest rates

New effort to kickstart growth

Global stocks mostly fall ahead of ECB, US inflation data

The administration of outgoing US President Joe Biden has disbursed a massive loan to Ukraine, shortly before Donald Trump takes office

G7 support package

US disburses $20 bn Ukraine loan backed by profits from Russian assets

President Joe Biden said US consumers would pay the price for the tariffs that Donald Trump has vowed to slap on US neighbors Mexico and Canada and on Asia-Pacific rival China

Challenging successor

Biden says Trump economic plan will be 'disaster'

US Treasury Secretary Janet Yellen warned that President-elect Donald Trump's sweeping tariff proposals could raise prices for consumers and pressure firms

Treasury secretary

Trump's tariff plans may 'derail' US inflation progress: Yellen

IATA chief Willie Walsh said many in the industry were angry at Boeing and Airbus

Slamming the majors

Airlines chief says jet manufacturers need to deliver

Boeing workers shown just after union leaders announced November 4 that the contract was ratified, ending a more than 50-day strike

Boeing resumes production at Seattle plants after strike

The US government's Micron investment aims to bring development and production of advanced memory semiconductor technology to US shores

Semiconductor production

US firms up $6.2 bn Micron funding to boost chipmaking

Britain's finance minister Rachel Reeves pledged to cut public spending waste.

'Iron fist' approach

UK pledges to cut government spending waste

Air passenger numbers are soaring

For the first time

Air passenger numbers to top five billion in 2025: IATA

China's CATL is a major vehicle battery maker

Stellantis, Chinese firm CATL plan $4bn battery plant in Spain

The Transylvanian village of Cincsor lies at the foot of Romania's Carpathian mountains

Land of Dracula

Transylvania's last Saxons revive its stunning ghost villages

Chinese President Xi Jinping warned Tuesday that a trade war with the United States would result in

With Trump incoming

China's Xi warns 'no winners' in trade war with US

Rupert Murdoch (C), 93, has lost his bid to ensure Lachlan Murdoch would control his media empire

'First family of news'

Murdoch loses 'Succession' battle for son's control of media empire: report

An artisanal miner holds ore extracted from the abandoned San Sebastian mine in Santa Rosa de Lima, La Union department, El Salvador, on December 5, 2024

Inviting mining companies back

President's push to scrap gold mining ban causes outcry in El Salvador

China and the United States have in recent weeks clashed over exports of key chipmaking technology, where Nvidia is a major player

Chip race heating up

China probes Nvidia for 'violating' anti-monopoly law

Oil prices rose around two percent as traders tracked developments in Syria after president Bashar al-Assad fled the country

Due to political uncertainty

Oil prices higher on China boost, Syria uncertainty

OpenAI CEO Sam Altman said that Sora is 'going to get a lot, lot better'

After a long wait

OpenAI releases Sora AI video generator to public

An Italian prosecutor argues that Meta's use of personal data amounts to a commercial transaction

Estimated revenue

Italian prosecutor says Meta owes more than 887 mn euros in VAT

British finance minister Rachel Reeves said her attendance at a meeting with eurozone counterparts was a 'milestone moment'

Resetting trade relations

UK finance minister hails 'milestone' talks with EU counterparts

Mobile money agents have become a common sight in Nigeria

Financial plight

Cash crunch fuels rising misgivings against Nigeria's money agents

Air India has ordered 10 more A350 planes from Airbus, along with 90 A320 family aircraft

Bolstering fleet

Air India buys 100 more Airbus aircraft

Volkswagen and unions have been locked in bitter talks since the company said in September it was considering closing factories in Germany for the first time in its history

German VW workers kick off second round of strikes

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