Business & Tech

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Business & Tech

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

Children play at the newly opened Myongsasimni Water Park in the Wonsan Kalma Coastal Tourist Area in North Korea

Wonsan-Kalma Coastal Tourist Zone

North Korea bars foreign tourists from new seaside resort

China is relying on exports to offset weak consumer spending

Sluggish domestic consumption

China mulls economy-boosting measures to counter 'severe situation'

Rice prices in Japan soared 99.2 percent in June year-on-year, official data showed Friday, piling further pressure on Prime Minister Shigeru Ishiba ahead of elections

Ahead of elections

Japan rice prices double, raising pressure on PM

Mitsuwa Electric produces coils, rods, needles, plates, pipes and wires for a range of goods including car lights, photocopiers and X-ray machines, and has customers across Asia, Europe and North America

Country's economic backbone

Japan's SMEs ready to adapt to Trump tariffs

The dream of a high-speed train service linking the California cities of Los Angeles and San Francisco has been over 15 years in the making

'Yet another political stunt'

California to sue Trump govt over axed high-speed rail funds

Brazilian President Luiz Inacio Lula da Silva (L) has locked horns with US President Donald Trump (R) on trade policy

During televised speech

Brazil's Lula calls Trump's tariff threat 'unacceptable blackmail'

US President Donald Trump for months has lashed out at the Fed for holding interest rates steady

Recent escalated attacks

What to know about Trump's effort to oust Fed Chair Powell

Gulf Air signed a deal with Boeing to acquire up to 18 new Dreamliners

US aviation giant

Gulf Air orders 12 Boeing 787 Dreamliners

Member of the Trump administration, including Vice President JD Vance, have been bullish on cryptocurrencies, leading to the US Congress advancing landmark measures on digital assets

Controversial industry

US House passes landmark crypto measures in win for Trump

US stocks pushed to fresh records after the June retail sales report topped estimates by a wide margin

Fluctuations ahead

US stocks end at fresh records as markets shrug off tariff worries

Before the announced settlement, Mark Zuckerberg was expected to testify in the Delaware trial next week

Targeted political advertising

Zuckerberg settles lawsuit over Cambridge Analytica scandal

German TikTok employees protested that replacing content moderators with AI-driven software could boost the spread of hate speech and online propaganda

To be replaced by AI?

TikTok Germany moderators raise alarm over layoff plans

US President Donald Trump has threatened 30-percent levies on EU goods unless Brussels and Washington strike a deal

If deal is not reached

EU readies retaliatory list targeting US services

It is tough times for luxury firms like the Swatch Group when the Chinese economy struggles

Top watch company

Swatch profits plunge on weak China sales

The G20 accounts for more than 80 percent of the world's gross domestic product

Growing uncertainty

South Africa warns global turmoil threaten development goals

Novartis will have a new chief financial officer in 2026

Pharmaceutical giant

Novartis first half net profits up 29 percent

The two-day strike by French air traffic controllers at the beginning of July disrupted travel for tens of thousands of people at the start of a summer holiday season

No-frills airline

EasyJet boss hits out over French air traffic walkouts

Taiwan Semiconductor Manufacturing Company is the world's largest contract maker of chips and counts Nvidia and Apple among its clients

Chipmaking giant

Taiwan's TSMC says second quarter profit up 60%

High costs for EV development and US tariffs are hurting Volvo's bottom line

Volvo Cars swings into loss on electric vehicles, tariffs

Tech billionaire Elon Musk was tapped by US President Donald Trump to spearhead the Depatment of Government Efficiency

Unpopular initiative

US senators approve $9 billion of Elon Musk's federal cuts

Butter prices have soared in dairy export giant New Zealand, latest figures show, with local supplies cut short as the industry chases fatter profits overseas.

Chasing overseas profits

Dairy giant New Zealand endures butter price shock

Beijing has poured vast state funds into the electric vehicle sector, supporting the development and production of less polluting battery-powered autos

Amid manufacturing boom

China moves to tame 'irrational competition' as EV price war persists

AI companions are digital applications designed for personal conversations and even friendship

Regular engagement

Three quarters of US teens use AI companions despite risks: study

EU chief Ursula von der Leyen said the bloc's next budget 'will be the most ambitious ever proposed'

Farmers on edge

EU mega budget hits immediate German opposition

Powell has resisted Trump's pressure to cut interest rates

US stocks finish higher as markets gyrate on Powell firing fears

Staffing shortages hit United Airlines' Newark, New Jersey operation in May, but the carrier pointed to improvement in June

As geopolitical worries ease

United Airlines profits dip but says Newark has rebounded

Goldman Sachs CEO David Solomon, shown here at a June White House event, expects an uptick in mergers and acquisitions

Scaled industry consolidation is 'possible'

Goldman Sachs profits jump as CEO eyes more merger activity

US President Donald Trump lashed out at Federal Reserve Chair Jerome Powell but said he was not likely to fire the central bank leader for now

Trump says not firing Fed chair -- but not ruling out

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