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.

OpenAI in June revealed a case of ChatGPT assisting a user in developing malicious software

'Vibe hacking' puts chatbots to work for cybercriminals

Nestle dismissed Laurent Freixe, replacing him with Nespresso chief Philipp Navratil

Breach of conduct

Nestle sacks CEO over office relationship

Revolut has been a leader in rolling out financial services to customers via smartphones

In league of traditional banks

UK fintech Revolut valued at $75 bn: source to AFP

Mauritania's Sidi Ould Tah takes over at a tricky time for one of the world's largest multilateral development banks

Head of African Development Bank

Mauritania's Tah takes over as Africa's 'super banker'

Trucks partially blocked a highway leading to Sarajevo in protest over EU rules

For more flexible travel conditions

Bosnian truckers block deliveries in protest over EU rules

Hong Kong is part of the world's top innovation cluster

Shenzhen-Hong Kong-Guangzhou

Chinese cluster now world's top innovation hotspot: UN

From 1 September

Gel nail polishes with TPO banned across the EU

Devastating for economy

Malawi's fuel crisis hangs over upcoming elections

Bulgaria has responded to a population exodus by employing workers from abroad

Individual stories

Uzbek workers fill gap as Bulgarian population shrinks

Alibaba rocketed 15 percent after bumper results after hours on Friday, including a surge in AI revenue

Chinese ecommerce giant

Alibaba soars but Asia markets dip

Bayrou surprised France last week when he said he would request the vote in a divided parliament

Political pandemonium

French PM says 'fate of France' at stake in confidence vote

France's broadcasting regulator is in contact with the Anti-Cybercrime Office (OFAC) over an anonymous website called Bounty.chat

France probes online platform for possible 'paedophile content'

A US appeals court found most of President Donald Trump's tariffs illegal but allowed them to remain in place, allowing parties to take the case to the Supreme Court

In place for now

US appeals court finds Trump's global tariffs illegal

Spirit Airlines has filed for bankruptcy again, its second restructuring in 2025

Continuing to fly

US Spirit Airlines files for bankruptcy again

Federal Reserve chief Jerome Powell has signalled a rate cut for September, but sticky inflation could make further cuts unlikely

Starting to bite

Stocks slide as US inflation clouds rates outlook

Zimbabwe's government said the Qatari investment amounted to $19 billion, including $500 million for a hydro-electricity project

Al Mansour Holding

In whirlwind tour, Qatari royal commits $70bn to southern Africa

Judge Jia Cobb, at a court in Washington, heard arguments from lawyers representing Federal Reserve Governor Lisa Cook and President Donald Trump, as Cook contests her firing

Central bank independence on the line

Hearing ends without ruling on Trump attempt to oust Fed Governor Cook

Modi's two-day visit -- a stopover before going to China -- will see Japan unveil 10 trillion yen ($68 billion) in investments over the next 10 years, according to media reports

Strengthening ties

Japan pledges $68 billion investment in India

Chiquita closed its Changuinola plant in the Caribbean province of Bocas del Toro at the end of May and laid off 6,000 workers after a strike over pension reforms that crippled production for weeks

Following worker turmoil

US banana giant Chiquita returns to Panama

Austrian online privacy group Noyb called the authority's decision a 'win' but regretted that it took 'five and a half years' to be made

Austria orders YouTube to give users access to their data

Switzerland's KOF economic barometer dropped in August, with indicators in the pharmaceutical industry looking particularly negative

Exports under pressure

Swiss economic outlook 'dampened' by US tariffs: key barometer

Eric Trump, son of the US president, urged a Hong Kong crowd to buy bitcoin during a trip to Asia where his crypto company is reportedly seeking acquisitions

Trump son hypes bitcoin on Hong Kong leg of Asia trip

Volkswagen has been among German companies that have announced job cuts in recent times

Struggling economy

German unemployment tops 3 million, highest for a decade

The import of Ukrainian eggs is causing cracks in unity

Non-compliant with EU regulations

Lay off our eggs market, French producers tell Ukraine

A telecoms antenna downed by Boko Haram Islamists in Nigeria's Borno state in 2017

Destroyed infrastructure

Vandalism hobbles Nigeria's mobile telephone services

Japan in recent years has been shedding its strict pacifist stance, moving to obtain 'counterstrike' capabilities and doubling military spending to two percent of GDP

Intensifying security

Japan seeks record defence budget, to triple drone spending

US President Donald Trump's move to close a duty-free exemption for small parcels has sparked confusion among postal service providers

After global backlash

US ends tariff exemption for small packages shipped globally

A view from inside a commercial plane flying over Kabul city in November 2021, after the Taliban takeover in August of that year

Lucrative revenue stream

Cash-strapped Taliban look to airspace for windfall

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