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.

Pharmaceuticals accounted for more than half of Swiss goods imported into the United States last year and now face a stiff 39 percent tariff rate

Avoid the 39 percent

Swiss to try to negotiate way out of stiff US tariffs

Profits at British Airways parent company IAG lifted off in the first half of 2025

44 percent profit

British Airways owner sees profit jump on 'strong' demand

Strong overseas demand

South Korea exports hit July record despite US tariff pressures

President Donald Trump is expanding his trade war around the world in a bid to use US economic muscle to reshape global trade

Cornerstone strategy

Trump orders tariffs on dozens of countries in push to reshape global trade

Nvidia chips do not contain 'backdoors' allowing remote access, the US tech giant has said, after Beijing summoned company representatives to discuss 'serious security issues'

'Serious security issues'

Nvidia says no 'backdoors' in chips as China questions security

Amazon Web Services, the cloud computing division at the e-commerce giant helped power quarterly earnings that beat market expectations

Unprecedented spending

US tech titan earnings rise on AI as economy roils

Days before higher levies took effect on dozens of economies, US President Donald Trump signed orders to impose some earlier threatened tariffs and unveiled a fresh deal

Some deals reached

Trump's global trade policy faces test, hours from tariff deadline

Nepal blocked access to the Telegram messaging app on July 18, citing a rise in online fraud and money laundering

Purported 'human rights violation'

Rights groups urge Nepal to reverse Telegram ban

Amazon reports a surge in quarterly profits, saying investments in artificial intelligence have begun paying off

Amazon profits surge 35% but forecast sinks share price

Brazilian President Luiz Inacio Lula da Silva (R) has lashed out at tariffs imposed on his country by US counterpart Donald Trump

Fernando Haddad

Brazil vows to fight Trump tariff 'injustice'

President Donald Trump announced a trade deal with South Korea, but dozens of economies have yet to reach an accord with the United States ahead of an August 1 deadline

Global stocks mostly fall ahead of big Trump tariff deadline

Apple says it recently shipped its 3 billionth iPhone since the lifestyle changing smartphones debuted in 2007

Despite concerns

Apple profit beats forecasts on strong iPhone sales

Amazon reports a surge in quarterly profits, saying investments in artificial intelligence have begun paying off

Amazon profits surge 35% as AI investments drive growth

Electronic Arts showed off 'Battlefield 6' in Paris, in parallel with promo events also held in London and Los Angeles

EA shooter 'Battlefield 6' to appear in October

Satya Nadella, chief executive of Microsoft, which became the second company after Nvidia to attain a $4 trillion valuation

Exceptional quarterly results

Microsoft valuation surges above $4 trillion as AI lifts stocks

Renault has hit a rough patch as it reckons with its stake in trouble partner Nissan and a sluggish European market

Heavy reliance on Europe

Renault profits slump as competition intensifies

People pass an electronic sign showing the price of the Hang Seng Index at Exchange Square in Hong Kong on April 10, 2025

Beating expectations

Hong Kong sees 3.1% growth in second quarter

This month in AI news

Luxembourg's AI uses explained, Microsoft reveal jobs most at risk, and AI safety push

BMW is the latest German carmaker to report falling profits

Sticking to 2025 targets

BMW says can weather tariff storm despite profit plunge

The Renault diamond has hit a rough patch as it reckons with its stake in trouble partner Nissan and a sluggish European market

Suffering exceptional losses

Renault profits slump as competition intensifies

Fuelled by demand

Taiwan's economy accelerates in second quarter

Energy prices have come under pressure in recent months on concerns that US President Donald Trump's tariffs will hurt economic growth

Earnings statement

Shell net profit retreats on lower energy prices

Strong sales of ice cream brands like Ben & Jerry’s helped underlying sales performance at Unilever, but the company will soon spin off the unit

New standalone firm

Unilever profit slides ahead of ice cream demerger

Nvidia is a world-leading producer of AI semiconductors, but the United States effectively restricts which chips it can export to China on national security grounds

China summons chip giant Nvidia over alleged security risks

Steel coils sitting in the yard at ArcelorMittal Dofasco's steel mill in Hamilton, Canada, which now face 50 percent tariffs to enter the United States

World's number two steelmaker

US tariffs corrode steelmaker ArcelorMittal's profitability

BMW is the latest German carmaker to report falling profits

BMW profits slump on China woes, US tariffs

The United States is a major market for Vietnams exports including clothing and shoes

Eye-watering tariffs

Firms in Vietnam walk tightrope as Trump's transshipping rule looms

President Donald Trump has long accused other nations of 'ripping off' the United States

Strong-arming nations

Trump gets his way on tariffs, but global trade system intact for now

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