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.

Silicon Valley chip maker Intel says it cut about 15 percent of its 'core workforce' in the recently ended quarter

Struggling with rival technology

US chip maker Intel says revenue rose as it cut ranks

US President Donald Trump delivers remarks alongside Federal Reserve Chair Jerome Powell, as they tour the central bank's $2.5 billion headquarters renovation project on July 24, 2025

Fishing for firing motive

Trump, Fed chief Powell bicker during tense central bank visit

Tesla shares nosedived as Elon Musk warned investors about future earnings

Speculation building

Global stocks mostly rise on trade deal hopes while Tesla plummets

LVMH makes Hennessy cognac

Citing economic uncertainty

First half net profit plunges 22% at French luxury group LVMH

UK Prime Minister Keir Starmer has hailed the agreement with his Indian counterpart Narendra Modi as a 'landmark moment'

'Landmark moment'

India's Modi and UK PM Starmer ink trade deal

American Airlines CEO Robert Isom said US travel bookings has improved in recent weeks following a period of weakness in the spring

Third-quarter loss

American Airlines shares fall on weak forecast

A boost in output helped cushion a drop in global oil prices

'Robust results'

TotalEnergies net profit drops as oil prices fall

The European Central Bank warned of heightened uncertainy amid trade disputes

Two-percent target

ECB holds rates with US tariffs decision on horizon

The EU's 27 countries have largely let the European Commission focus on seeking a deal to avoid hefty US tariffs

Retaliation not off the table

EU turns up pressure with Trump trade deal 'in reach'

Passing on higher coffee prices helped Nestle cushion sluggish consumer spending

Sluggish spending

Nestle struggles amid weak China market

The bank's shares jumped around six percent in early trading on the Frankfurt Stock Exchange

Deutsche Bank posts bumper profits, shares soar

Despite easing inflation, consumers in Germany remain reluctant to start spending

Cost-of-living crisis

Germans reluctant to open wallets despite easing inflation

US President Donald Trump will stay at two Trump luxury golf resort properties in Scotland during his stay

Pastimes and financial interests

Trump set to visit Scotland for trade talks, and some golf

Cattle graze in a paddock near the Australian farming town of Gunnedah. The United States is a major export market for Australian beef.

Major point of friction

Australia lifts trade barriers on US beef

Google parent company Alphabet's cloud computing business is on pace to bring in $50 billion over the course of 2025, according to the tech giant

Topping expectations

Google-parent Alphabet earnings shine with help of AI

Electric vehicle maker Tesla reported a drop in profits for the second quarter of 2025, down 16 percent from the same period the previous year

No more federal tax credits

Tesla profits drop as Musk warns of 'rough' patch before riches

Trump signed several executive orders to give his AI plan more legal weight, with his AI czar David Sacks (R) by his side

Race to the top

Trump's AI plan prioritizes deregulation to boost US dominance

Shares in Japanese carmakers soared on the news of the US tariffs reduction

Slashing tariffs

Stock markets advance after Japan-US trade deal

The administration of US President Donald Trump had promised

More delays coming?

US-EU tariff talks progress as Trump announces Japan deal

The harvest this year is expected to begin between August 20 and August 25

Champagne makers cut harvest as global outlook fizzles out

US President Donald Trump announced a trade deal with Japan

Promising results

Trump announces 'massive' Japan trade deal

US existing home sales dropped by 2.7 percent in June, industry data showed

Weight on the market

US existing home sales dip to 9-month low on high costs

Better-than-expected growth

India's Infosys narrows revenue forecast as profits beat expectations

The deal will see the creation of the leader in pay TV offerings in Africa

Expand footprint

Canal+ clears final hurdle to acquire S.Africa's MultiChoice

Europe and Japan represent a fifth of global GDP and a market of 600 million people, said Von der Leyen

Rattling economies

EU, Japan vow joint push for 'fair' global trade

UniCredit shares rose more than four percent as investors reacted to the bank reporting a jump in second quarter profits and walking away from a fraught bid for rival Italian lender Banco BPM

Rise in quarterly profit

UniCredit boosts outlook after walking away from Banco BPM

US President Donald Trump has repeatedly expressed opposition to wind energy -- claiming turbines are unsightly and dangerous -- and signed a series of executive orders targeting the sector shortly after returning to the White House in January

Norwegian company

Equinor takes $1 bn hit from US wind farm regulations, tariffs

Japanese knives have in recent years become a luxury must-have in kitchens worldwide

'So Trump-like': relief but no surprise in Japan as US cuts tariffs

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