Business & Tech

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Business & Tech

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

US President Donald Trump offered his congratulations to South Korean President Lee Jae Myung on his 'electoral success' in his announcement of South Korea's blanket 15 percent tariffs

Touting major win

Trump says US to impose 15% tariff on South Korean goods

Laos is already struggling with elevated inflation and a severe labour shortage, fuelling fears that Donald Trump's tariffs could have a devastating effect

Living 'day by day'

Laos braced for blow of Trump tariff threat

Pope Leo XIV led the Vatican's first mass for Catholic social media influencers

Catholic influencers

Vatican embraces social media 'digital missionaries'

China has struggled to maintain a strong economic recovery since the pandemic, as it fights a debt crisis in the crucial property sector, chronically low consumption and elevated youth unemployment

More than expected

China manufacturing sinks again in July as US trade talks stall

Brazilian Supreme Court Justice Alexandre de Moraes, seen here at the trial of the country's former president Jair Bolsonaro, has been slapped with sanctions by the United States

Trump punishes Brazil with tariffs, sanctions over trial of ally Bolsonaro

Brazil's Central Bank is holding its benchmark interest rate steady

Brazil Central Bank holds interest rate as tariffs loom

Social media giant Meta posted a net profit of $18.3 billion in the second quarter, exceeding Wall Street expectations

'Strong quarter'

Meta beats expectations sending share price soaring

US Federal Reserve Chair Jerome Powell says 'it's been a very dynamic time for these trade negotiations' between the Trump administration and other countries

US Fed holds firm against Trump pressure as divisions emerge

Microsoft chief executive Satya Nadella says that companies of all kinds are adopting artificial intelligence tools and the US tech giant is working to meet their needs

Above expectations

Microsoft quarterly profits soar on AI and cloud growth

Trump said there will be no extension of his August 1 tariff deadline

To kick in on Friday

Trump hits India with 25% tariff and 'penalty' over Russia ties

Citing

Amid engine supply issues

Airbus first-half profit climbs 85% to $1.7 bn

Tech platforms increasingly view the community-driven moderation model as an alternative to professional fact-checking, which many conservative advocates have long accused of a liberal bias.

Community-driven approach

TikTok launches crowd-sourced debunking tool in US

The Federal Reserve has come under intense pressure from President Donald Trump to slash interest rates

US Fed holds firm against Trump pressure as divisions emerge

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

Before deadline

Canada central bank holds rate steady citing US tariff 'threats'

Truck and car maker Tata Motors will buy Iveco of Italy

Tata Motors to buy Italy's Iveco for $4.4 bn

François Provost, Renault procurement director, has been named as the head of the French car giant

Amidst challenges

Renault names Provost CEO after De Meo exit

Investors are awaiting the release of key tech earnings and a Federal Reserve policy decision

Amid key Fed meeting

Stocks edge higher, dollar gains before tech earnings, Fed decision

The Hundred competition was launched in 2021

English cricket chiefs confirm sale of six Hundred franchises

Igor Kolomoisky, one of Ukraine's richest people, is a former supporter of President Volodymyr Zelensky

Likely forced to repay

London court rules oligarch liable in $1.9 bn Ukraine loan scheme

Analysts expect US second quarter GDP growth to be distorted by a pullback in imports after businesses earlier rushed to stockpile and avoid President Donald Trump's tariffs

Momentary comeback

US economy returns to growth in second quarter on tariff turbulence

Automakers are among the companies hit hardest by Trump's tariffs onslaught

Having previously forecast growth

Aston Martin pares outlook as US tariffs weigh

Adidas says it is facing extra costs due to US tariffs

Adidas says may hike US prices after tariff cost warning

Just over half of GSK's total revenue was earned in the United States during the second quarter

GSK reports improved outlook despite US drug tariffs

The EU struck a tariff deal with the United States, which experts say will affect the eurozone's GDP figures

Eurozone economy expands but tariff impact looms

The group said it might be able to avoid further price hikes after the EU's tariffs deal with the US

French luxury group

Hermes confirms outlook for rising sales in 2025

The bank recorded a $2.1 billion impairment linked to its stake in China's Bank of Communications

'Still well positioned'

HSBC banks lower profits on higher costs

Irish no-frills airline Ryanair says it is dropping three French airports including in the eastern city of Strasbourg over a ticket tax

Urged Paris to change course

Ryanair says dropping three French airports over 'harmful' tax

US tariffs had an impact of hundreds of millions of euros on Mercedes-Benz

Mercedes-Benz welcomes EU-US deal after profits plunge on tariff woes

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