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.

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

Nine out of 10 Argentine households are in debt, according to official data

Argentina under Milei: a tale of two economies

Tegep Boots has many dedicated customers in the United States and Europe

Indonesian shoemakers fear Trump tariffs despite lower levy

Indonesia's President Prabowo Subianto said he had a 'very good' call with Trump

Indonesia hails 'new era' with US after Trump trade pact

Nvidia this week became the first company to hit $4 trillion in market value -- a new milestone in Wall Street's bet that artificial intelligence will transform the global economy

Semiconductors wanted

Nvidia's Huang says 'doing our best' to serve Chinese market

Stellantis showed off its hydrogen fuel cell commercial vans at the Paris Motor Show last year

Not commercially viable

Stellantis pulls plug on hydrogen fuel cell vans

Chips made with ASML machines power much of modern life

Geopolitical headwinds expected

Dutch tech giant ASML sees profits rise but warns on 2026

US President Donald Trump said Indonesian goods would face a 19 percent tariff, a lower level than earlier threatened

Amid purchase commitments

Trump says Indonesia to face 19% tariff under trade deal

Bank executives said more clients are pushing ahead with decisions despite tariff uncertainty

Pointing to economic resilience

US banks see lower recession risk despite tariff fog

Trump gave Russia 50 days to strike a peace deal with Ukraine

Sending stark message

Trump says Ukraine should not target Moscow

France's Prime Minister Francois Bayrou said France had become addicted to public spending

After years of overspending

French PM proposes cutting national holidays to cut debt

Nvidia CEO Jensen Huang said he was 'looking forward to shipping H20s very soon'

Amid ongoing trade war

Nvidia says it will resume sales of 'H20' AI chips to China

US aircraft are a top target for potential EU tariff retaliation

Global trade war

EU threatens US planes and whiskey while pressing for deal

The US consumer price index was up 2.7 percent from a year ago in June, accelerating from the figure in May, government data showed

Amid economists' caution

US consumer inflation accelerates as tariff effects creep in

US consumer prices accelerated to 2.7 percent from a year earlier

Industrial output above expectations

Stocks diverge, as US inflation puts focus on Trump's tariffs

New York's iconic Chrysler Building was once part of the property empire of fallen Austrian tycoon Rene Benko

Fallen real estate empire

Fallen Austrian tycoon Benko charged with fraud

The Nevada-based company said the project involves building a new 55-storey hotel tower that will include 570 luxury suites

Expected to open in 2031

Las Vegas Sands makes $8 bn Singapore bet with resort expansion

The Tesla store opened its doors in India's financial capital Mumbai

Seeking new customers

Tesla marks India entry with first showroom

A source in Loro Piana confirmed to AFP the Italian legal proceedings against it

Facilitating labour exploitation

LVMH Italian fashion house Loro Piana put under court administration

Prime Minister Anthony Albanese said Australia 'values our relationship with China'

Stabilised trade ties

'Dialogue' must be at heart of China, Australia ties, PM tells Xi

Nissan posted a net loss of 671 billion yen ($4.5 billion) last year and it has said it will cut 15 percent of its global workforce

Outside Yokahama

Skidding Nissan to halt production at Japanese plant

China's economy grew more than expected in the second quarter, helped by strong exports

China's economy grows 5.2% on trade war truce

xAI apologized on Saturday for extremist and offensive messages

Despite controversial updates

Pentagon inks contracts for Musk's xAI, competitors

AI depends entirely on data centers that consume huge amounts of electricity

'Clever' solutions

Tech giants scramble to meet AI's looming energy crisis

US lawmakers inside the Capitol are considering rules about US college athletes and antitrust laws, with players unions for the five major US sports leagues saying no exemptions should be made for schools or sport governing bodies

Restricting opportunities

US pro athletes reject antitrust exemptions for college sports

The US legislation comes after years of suspicion against the crypto industry amid the belief that the sector born out of the success of bitcoin should be kept on a tight leash

'Long time coming'

US House set to vote on landmark crypto bills this week

US stocks initially slid on Trump's threat, but then bounced back

Anticipating agreements will be made

Markets shrug off Trump tariff threat against EU

Ukraine's Economy Minister Yulia Svyrydenko is set to become prime minister

Strengthening domestic economy

Ukraine's Zelensky proposes new PM, defence minister in major reshuffle

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