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.

Bitcoin has climbed to its highest level since May 2026

Amid elevated inflation and borrowing

Bitcoin jumps, stocks bounce as traders weigh US Treasury action

Economic sanctions against Iran will 'collapse this regime', US Treasury Secretary Scott Bessent said Thursday

US bond selloff resumes despite Treasury intervention

Fans of Borussia Moenchengladbach hold up signs saying "no" in a protest at the introduction of personalised tickets in the Bundesliga

During first round of cup

German football fans plan widespread VAR protests

Evergrande's Xu Jiayin was once one of China's richest billionaires and a member of a top political advisory body

'Large-scale financial fraud'

China jails founder, fines disgraced property giant Evergrande

Evergrande was once China's leading property developer, propelled by rapid urbanisation and rising living standards

AFP breaks it down

What property giant Evergrande's sentence means for China's economy

The US Treasury has signalled it doesn't want the 30-year government bond yield to rise any further

Stocks waver, dollar drops as US Treasury moves to lower bond yields

Chair of the Federal Reserve Kevin Warsh told reporters that there was 'no magic wand' to lower inflation quickly

Firming up expectations

Many US Fed policymakers back interest rate hikes if inflation stays high

Bejar is the first witness to take the stand and has argued that the company prioritized profits over safety by encouraging people to spend more and more time on Facebook and Instagram

Former employee

Some of Meta's safety tools were 'designed to fail': witness

Shares in Unitree soared more than 600 percent on its debut in Shanghai

Humanoid-maker Unitree surges more than 600% on Shanghai debut

A trader works on the floor of the New York Stock Exchange (NYSE) earlier this week

Deal remains distant

Stocks mostly drop as Mideast hopes dim, interest rates rise

Baidu has for years heralded the potential of artificial intelligence in China

Beijing-based search engine

China's Baidu, betting on AI, posts fifth straight quarterly revenue drop

Australia's BHP says copper production has helped boost profits

Australian company

Copper powers profit rise at mining giant BHP

The US economy is showing signs of softness amid elevated oil prices and above-target inflation

Retreat on Wall Street

US stocks fall on spiking bond yields, higher oil prices

'404 Media' report

Amazon buys and destroys books for AI training, investigation finds

Additional $70 million in ticket sales

Spidey swings high for third weekend in N. American box office

Opel Astra passenger cars under construction at the company’s Russelsheim plant

Anxiety running high

As Opel turns to Chinese partners, its hometown frets about the future

The United States is grappling with stubbornly high post-pandemic inflation

Stocks slip in cautious trading after weak US retail sales data

Sunday's two incidents at Sydney International Airport following another near-miss on July 27

In less than two weeks

Australia probes three near-misses at Sydney Airport

The tariffs will encourage domestic production, a White House statement said

Reducing US reliance on imports

Trump announces tariffs of up to 100% on imported drones

Worries about inflation are persisting despite slightly better US consumer price figures in July

US stocks mostly up after data shows slightly lower inflation in July

Russian air defences shot down around 180 drones on approach to Moscow

Consumer demand

Russian economy rebounds in second quarter despite Ukrainian strikes

A nuclear plant in northern France shut down three reactors after a swarm of jellyfish clogged pumps used to cool the units

Extreme weather, jellyfish knock one-fifth of France's nuclear capacity offline

Shenzhen-based Tencent is the developer and operator of China's multifunctional app WeChat

WeChat operator

China tech giant Tencent's Q2 profit down as AI push builds

Foxconn headquarters in New Taipei City in May 2025

Taiwanese tech titan

Foxconn posts quarterly profit surge on AI server demand

Hiroshi Okuda took the reins of Toyota in 1995 and is credited with introducing the Prius hybrid vehicle

Toyota ex-chief Okuda, pioneer of the Prius, dead at 93

Oil prices plunged on hopes for a US-Iran deal to avert a conflict

Weaponising the barrel

Oil prices higher, stocks mixed ahead of inflation report

The aftermath of a forest fire in southwest France in August. Wildfires are 'the fastest-growing weather peril globally', Swiss Re says

Severe storms, deadly quakes

Economic losses from natural disasters fall to $100 bn in first half of 2026: Swiss Re

China has been cracking down on a practice known as "Singapore-washing," which is when companies leave the country to take advantage of looser regulations and funding opportunities

'Singapore-washing'

AI firm Manus to resume 'independent' operations after China blocks Meta deal

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