Business & Tech

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Business & Tech

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

Mayor Kate Gallego of Phoenix says people are growing tired of seeing data centers multiply in their communities

Ahead of midterm election season

US mayors push back against data center boom as AI backlash grows

The Middle East war has unleashed a deluge of AI-generated visuals on X

Researchers wary of enforceability

AI fakes about Iran-US war swirl on X despite policy crackdown

Oil prices are continuing to determine the direction of equity markets

Investors increasingly worried

Oil stays above $100, stocks slide tracking Mideast war

This photograph of a page on the Marinetraffic website shows commercial boat traffic on the edge of the Strait of Hormuz near the Iranian coast, in early March

Vital shipping route

Mideast war cuts Hormuz strait transit to 77 ships: maritime data firm

Russia is one of the world's largest oil producers and exporters

How will US oil sanctions waiver help Russia?

The war has upended the global shipping industry -- and price hikes could get passed on to consumers

Global shipping industry caught in storm of war

The surge in energy prices triggered by the conflict in the Middle East has significantly strengthened the dollar

Why is the dollar profiting from Middle East war?

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

Ahead of central bank meeting

US Fed's preferred inflation gauge edges down

OpenClaw can execute real-life tasks such as sending emails, organising files or even booking flight tickets

Taking the country by storm

AI agent 'lobster fever' grips China despite risks

Amazon said it would contest the case, calling it unfounded and stressing it is among the top 50 taxpayers in Italy

Alleged €1 billion tax fraud

Italian prosecutors seek trial for Amazon over tax evasion

The surge in oil prices has ramped up fears of another jump in petrol costs and inflation

Fears not eased

Oil surges, stocks retreat on fears of prolonged Iran war

Many Lufthansa flights from Frankfurt were cancelled after pilots walked out

Lufthansa flights axed as pilots walk out

BMW has taken a more flexible approach to electric vehicles (EVs) than some competitors, deciding early on to maintain petrol and diesel options

3% fall in annual profit

BMW profit holds up despite Trump tariffs, China woes

Churchill appears on the current £5 note along with an image of parliament

In favour of a nature scene

WWII leader Churchill to be removed from UK banknotes

The future of the EU-US tariff pact has been thrown into question after the US Supreme Court ruled in February that Trump lacks the authority to impose levies under a 1977 law

New probes announced

EU vows to 'respond firmly' to any trade pact breach by US

Germany is heavily reliant on energy imports to power its economy

Surge in energy prices

Mideast war to brake German recovery: institute

Cathay Pacific announced new fuel surcharges for most routes that are roughly double the existing ones

Due to Middle East war

Cathay Pacific roughly doubles fuel surcharge on most routes

Honda warned that expected to bokk losses of almost $16 billion in this fiscal year

Major reorientation of EV strategy

Electric vehicle rethink to cost Honda almost $16 billion

Global oil prices have climbed dramatically since the war, prompting warnings that high fuel prices could drive inflation above 5 per cent in Australia.

Allowing higher sulfur levels

Australia to change fuel quality standards to boost supply

Community members attend a vigil to honor victims of the Tumbler Ridge mass shooting

Potential for real-world harm

'Happy (and safe) shooting!': Study says AI chatbots help plot attacks

IEA members created their strategic petroleum reserves after the first oil shock in 1973 to better handle disruptions in supplies

400 million barrels

Strategic oil reserves, a crisis cushion

Rheinmetall sees faster growth in 2026 after record earnings last year

Record profits expected

German defence giant Rheinmetall sees business boost from Mideast war

Spanish PM Pedro Sanchez is an outspoken critic of the power of big tech companies and their bosses

Spain to deploy tool to track social media hate speech

Revolut has long awaited a banking licence in its home market

End of restrictions

British fintech Revolut gets full UK banking licence

Cathay Pacific says it will boost the number of passengers it carries in 2026

Energy concerns

Cathay says surcharge to rise as fuel prices jump during Mideast war

Everton's new Hill Dickinson Stadium in the British port of Liverpool is drawing in the crowds, as the club seeks to boost revenues

Amid broadcasting slump

European football clubs score with stadium rebuilds

The Louis Vuitton show at the Paris fashion week used shepherds' hats and bags with bells to take spectators back to nature

Back-to-nature show

Louis Vuitton takes Paris fashion week on mountain ride

Oil prices have seen extreme volatility this week as fears of an extended conflict were offset by Donald Trump's latest comments

Ahead of schedule?

Oil prices dive as IEA eyes emergency release with Hormuz Strait in focus

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