Business & Tech

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Business & Tech

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

Moldova faces blackouts as Russian gas supplies may be cut

60-day precaution

Moldova declares emergency ahead of expected Russia gas cuts

The German car industry -- a key sector of the economy -- is also in turmoil as VW plans to shutter factories at home for the first time

Sharply downgraded

German central bank cuts growth forecasts as headwinds intensify

UK's Royal Mail has been fined over delivery delays

More controversy

UK's Royal Mail hit with fine by regulator over delivery delays

Blow to Labour party

UK economy unexpectedly shrinks again in October

The Virgin Galactic SpaceShipTwo space plane Unity and mothership flies above Spaceport America, near Truth and Consequences, New Mexico on July 11, 2021

Virgin Galactic eyes possible expansion into Italy

The European Central Bank cut its interest rates for a third straight time as widely expected

Rate cuts fail to spur European stocks

Google says that its Gemini artificial intelligence is being infused in an Android XR operating system that will put digital assistant capabilities into smart eyewear

With new Gemini 2.0

Google renews push into mixed reality headgear

European Central Bank President Christine Lagarde said the beleaguered eurozone was 'losing momentum'

Fourth time this year

ECB cuts rates again, Lagarde says eurozone 'losing momentum'

The SNB rate cut sent the Swiss franc falling 0.3 percent against the dollar and the euro

Unexpectedly large

Swiss central bank announces big rate cut to boost economy

Korean Air said it paid $1 billion for the stake in rival Asiana

Korean Air buys majority stake in rival Asiana Airlines

A new Australian scheme would slap a tax on Google and other major tech platforms that will be earmarked to pay for news

Public interest journalism

Australia to force tech titans to pay for news

View of Uyuni, the world's largest salt flat, in southern Bolivia, on November 9, 2016

Rechargeable batteries

Lithium-rich Bolivia lags behind in race to mine key metal

The US inflation rate ticked higher in November but was in line with expectations

Uncertainty persists

Nasdaq surges above 20,000 after US inflation data matches estimates

Google, ChatGPT-maker OpenAI, Meta and Amazon are furiously taking steps to release more powerful AI models despite their immense cost and some questions about their immediate usefulness to the broader economy

Advanced artificial intelligence

Google unveils latest AI model, Gemini 2.0

US officials are set to meet their Chinese counterparts soon, before President-elect Donald Trump returns to the White House

Two largest economies

US-China officials to hold economic talks before Trump return

'After the war, we will see growth rates and development opportunities in Ukraine,' said Scholz

Germany's Scholz urges investment in 'future EU member' Ukraine

The Bank of Canada has lowered its key lending rate in a bid to help a slowing economy

To aid a slowing economy

Canada central bank makes half point rate cut to 3.25%

Inflation is on the rise in the United States as President Joe Biden prepares to hand over to Donald Trump

Driven by food, housing prices

US consumer inflation accelerates for second straight month in November

Albertsons announced it was terminating its proposed $25 billion deal with Kroger and suing its former partner for breach of contract

Supermarket mega-merger

Food fight: $25 bn US grocery deal falls apart

Apple is aiming to compete with rivals Google and Samsung in the generative AI space

Artificial Intelligence

Apple adds ChatGPT integration in latest software update

A Chinese man and co-conspirators allegedly took advantage of a vulnerability in firewalls sold by UK-based cybersecurity company Sophos

Firewall attacks

US offers $10 mn reward for wanted Chinese hacker

'No free country without a free press': A Reporters Without Border protest

Muzzling the media

Balkan journalists battle deluge of malicious lawsuits

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

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