Business & Tech

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Business & Tech

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

In a first, a private Vietnamese company is growing rice in Cuba

Solution from the other side of the world

Vietnamese rice grower helps tackle Cuba's food shortage

Schwab had denied all the accusations against him

Whistleblower complaints

Davos founder Schwab cleared of misconduct by WEF probe

Despite solid US retail sales in July, some analysts expect weakening later in the year as the labor market loses steam and additional tariff effects are felt

In line with expectations

US retail sales rise amid limited consumer tariff hit so far

Tails of Air Canada planes are seen at Toronto's airport

Flight attendants

Deadline looms to avert Air Canada strike

A transition in society

From 'more, faster, cheaper' to conscious consumption

For decades, Nigeria has been shipping crude to Europe for refining, and the country experienced sporadic fuel shortages until the Dangote refinery came on board

Five things to know about Nigeria's oil sector

Japan last month agreed to a trade deal with the United States, cutting threatened tariffs of 25 percent to 15 percent

Japan posts modest growth despite US tariffs

Interest in limiting the ability of children to access YouTube clashes with a growing use of YouTube videos in education

Protecting minors

YouTube turns to AI to spot children posing as adults

Analysts have predicted that US trade policies will reduce traffic through the Panama Canal

Container ship traffic

Trump's tariffs have not reduced Panama Canal traffic -- yet

Investors have been watching for signs of price increases from Trump's tariffs

Oil prices rise ahead of US-Russia summit as stocks digest inflation data

The US producer price index rose 0.9 percent in July, after a flat reading in June, government data showed

Effect of tariffs

US producer inflation highest in three years in July

A US judge has cleared the way for a trial in US court over claims that Elon Musk (R) has been on a campaign to damage ChatGPT maker OpenAI, run by co-founder Sam Altman (L)

'Unfair preference'

Apple rejects Musk claim of App Store bias

A strike notice from Air Canada flight attendants has prompted flight cancelations

Negotiations reached an 'impasse'

Air Canada cancels flights over strike threat

Richard Lutz will leave his chief executive post two years before the end of his contract

Seeks to overhaul ailing network

Germany sacks rail chief with train network in crisis

Thyseenkrupp has long been struggling, particularly in its traditional steel business

Slashed its sales

Germany's Thyssenkrupp cuts targets as US tariffs weigh

Britain's economy grew 0.3 percent in the second quarter -- better than feared but a slowdown from 0.7 percent in the first three months of the year.

Pleasant surprise

UK economy slows less than feared after tariffs

The NBA has approved the $6.1 billion sale of the Boston Celtics

To an investment group

NBA approves $6.1bn sale of Boston Celtics

Tesla is eyeing robotaxi operations in New York and other American cities

Push for autonomous driving

Eyeing robotaxis, Tesla hiring New York test car operator

Boeing defense workers in Missouri walked off the job after rejecting a contract on August 4

To improve its bargaining offer

Striking Boeing defense workers turn to US Congress

Shares of cryptocurrency exchange Bullish soared as the company made its debut on the New York Stock Exchange on the same day that the S&P 500 and Nasdaq finished at records

Expected next month

Stocks extend gains on US rate cut bets

Satellite image of Iran's Fordo uranium enrichment plant dated July 1 following US air strikes

Britain, France, and Germany

European powers tell UN they are ready to reimpose Iran sanctions

Elon Musk and OpenAI CEO Sam Altman had a fiery exchange after the world's richest man accused Apple of unfairly favouring ChatGPT on its App Store over other artificial intelligence competitors

Most downloaded application

Musk clashes with Altman after accusing App Store of favoring OpenAI

Disney+ standard subscription plan up by nearly 43%

Apple and Google kicked Fortnite off their respective app platforms in 2020, after the game designed an in-app payments system that cut the tech giants out of the loop

Fortnite developer claims win against Apple and Google

Pedestrians walk past an electronic quotation board displaying the Nikkei Stock Average on Wednesday

Hopes of US interest cuts

Soft US inflation boosts Asia markets

Jewelry is on display at a store in the ‘Little India’ neighborhood of New York City

Scrambling for options

India reels from US tariff hike threat

Security researchers hope stuffing passwords with special characters and numbers will soon be history

Public hesitancy

Passwords under threat as tech giants seek tougher security

On April 2, US President Donald Trump, with Commerce Secretary Howard Lutnick beside him, unveiled sweeping tariffs on almost all trading partners

'Stop production': Small US firms battered by shifting tariffs

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