Business & Tech

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Business & Tech

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

Several new modular nuclear reactors are planned to be built at the Ringhals nuclear power plant in Varberg on the southeast coast of Sweden

Nuclear revival

Sweden offers $23 bn to finance nuclear power construction

Tariff fears are hurting World Cup merchandise orders at Shang Yabing's Chinese knitwear factory, where racks of scarves bear the logos of national teams from Ireland to Tanzania

Tariff uncertainty delays World Cup orders for China's merch makers

Voters angry about rising rice costs have deserted the long-dominant ruling Liberal Democratic Party

Government energy subsidies

BoJ holds interest rates but to sell funds in shift from easing policy

Launched in March 2024, the SU7 marked an ambitious foray by the consumer electronics and smartphone giant into China's competitive EV market

110,000 vehicles affected

China's Xiaomi to remotely fix assisted driving flaw in 110,000 SU7 cars

Canada's Prime Minister Mark Carney (L) and Mexico's President Claudia Sheinbaum (R) vowed at a meeting in Mexico to work together to safeguard the future of their three-way trade deal with the United States

International trade

Canada, Mexico leaders agree to seek 'fairer' trade deal with US

Slowing industry

Indie studio bets on new game after buying freedom from Sega

Tech shares surged after Nvidia and Intel announced their deal

Nervousness over future cuts

Stocks rise on Nvidia-Intel deal, Fed rate cut

Small business owners gathered in Washington to raise concern over US President Donald Trump's tariffs and their impact on companies

US small businesses slam Trump tariffs as legal fight proceeds

Nvidia CEO Jensen Huang attends a Business event in Britain

Shares skyrocketed

Chip-maker Nvidia takes stake in rival Intel

The appointment of the US Treasury Department's chief of staff to the IMF as its second-in-command would place a close confidant of Secretary Scott Bessent among the Fund's leadership

IMF proposes US Treasury official as second-in-command

Sinan Selen (L), the designated head of Germany's BfV domestic spy service, and Bitkom president Ralf Wintergerst give a press conference in Berlin

Costs of Russian, Chinese cyberattacks on German firms on rise: report

Bank of England Governor Andrew Bailey said that while inflation is expected to return to two percent, 'we're not out of the woods yet'

Amid stagnant growth

Bank of England holds rate as inflation stays high

Deliveroo founder Will Shu said he wanted to 'contemplate my next challenge' as he steps down as CEO after 13 years

Will be present in more than 40 countries

Deliveroo CEO to step down following DoorDash takeover

Continental is spinning off its auto components unit to focus on its tyre business

Latest upheaval in Germany's car industry

Germany's Continental launches IPO of car parts unit

Plug-in hybrid cars may pollute five times more than previously thought

Graphic videos of Charlie Kirk's final moments spread rapidly online

Lack of content moderation

As media declines, gory Kirk video spreads on 'unrestrained' social sites

Foreign influence campaigns have frequently used US political crises or natural diasters to stoke tensions, researchers say.

To undermine the US

US adversaries stoke Kirk conspiracy theories, researchers warn

Meta CEO Mark Zuckerberg presents new Meta Ray-Ban Display AI glasses that pair with a technology-packed wristband to let it be controlled with subtle finger motions

Blending reality and virtual space

Meta expands AI glasses line in a bet on the future

Federal Reserve Chair Jerome Powell addresses reporters after the US central bank cut interest rates for the first time in 2025

Interest rate cut expected

US stocks finish mixed as Fed cuts rates for first time in 2025

A panel of state and city officials has voted down a proposal by rapper Jay-Z and other backers to open a casino in New York's Times Square District

New York officials sink Times Square casino bid

Analysts widely expected the US Federal Reserve to cut interest rates by 25 basis points -- and it did

Weakened employment market

US Fed makes first rate cut of 2025 over employment risks

Corresponded to market expectations

US stocks end mixed as Fed rate cut sparks volatility

Canada Central Bank Governor Tiff Macklem at a G7 meeting in Banff, Canada, in May 2025

Squeezed economy

Canada central bank cuts key lending rate citing Trump tariffs

No formal announcement has been made by the Washington-based lender

US Treasury official expected to be named IMF's second-in-command: source

EU top diplomat Kaja Kallas said the bloc's ties with India are 'not only about trade, but also about defending the rules-based international order'

Top diplomat warned

EU says India's Russia links jeopardise closer ties

YouTube rolls out suite of AI tools for creators

Nvidia CEO Jensen Huang said his company will 'continue to be supportive of the Chinese government and Chinese companies as they wish'

Nvidia CEO disappointed over China chip ban report

In an annual report, the WTO identified AI as one of the few bright spots as the global trading system has been upended by the United States slapping high tariffs on its trading partners

AI may boost global trade value by nearly 40%: WTO

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