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.

The S&P 500 finished at a record for the first time since President Donald Trump's April 'Liberation Day' tariff announcement rattled markets

Easing concerns about Middle East

US stocks back at records on US-China trade progress

The Federal Reserve's preferred inflation gauge rose 2.3 percent in May, but consumer spending pulled back in part due to autos

'Just a stubborn mule'

US inflation edges up as Trump renews criticism of Fed chief

The Federal Reserve's preferred inflation gauge rose 2.3 percent in May, but consumer spending pulled back in part due to autos

Government data

US Fed's preferred inflation gauge picks up as tariff effects loom

A tourism boom has fuelled local concern about increasingly scarce and unaffordable housing in Spain

Government crackdown

Spain makes Booking.com scrap 4,000 tourist rental ads

'Relooted' tasks players with taking from Western museums cultural artefacts that were stolen from Africa during the colonial era

Reclaiming Africa's belongings

Game 'reloots' African artefacts from Western museums

US Secretary of Treasury Scott Bessent signaled Thursday that a deal among G7 nations will allow US firms to be excluded from certain taxes

After months of dialogue

US Treasury signals G7 deal excluding US firms from some taxes

Nike says it is implementing a 'surgical' price increase in the United States to defray tariff costs

Revenue fell 12 percent

Nike profits sink but company says it is turning a corner

The dollar weakened against its peers after Donald Trump said he already had a handful of people in mind to replace the head of the Federal Reserve

Amid rate cut bets

Dollar slides as Trump eyes new Fed boss

Violating digital competition rules

Facing EU deadline, Apple announces App Store changes

Irish no-frills carrier Ryanair was specifically fined for charging passengers a 'disproportionate amount' for printing their boarding passes at terminals when they did not have them

Spain court suspends huge Ryanair 'abusive practices' fine

Economic reform has been a key, if controversial, pillar of Nigerian President Bola Tinubu's tenure

Four landmark bills

Nigeria's Tinubu signs major tax overhaul

According to several diplomats, the goal at this point is rather to let Trump claim victory without agreeing a deal that would significantly hurt Europe

Time is running out

After NATO deal, how far will EU go for trade peace with Trump?

Tech magnate Jeff Bezos and his fiancee Lauren Sanchez have reportedly invited about 200 guests

Bezos wedding festivities kick off in Venice

Cambodia has become a Southeast Asian hotspot within the multibillion-dollar illicit scam industry that has defrauded victims around the world

Exploitation of thousands

'Mass scale' abuses in Cambodia scam centres: Amnesty

H&M noted that in local currencies its second quarter sales rose by one percent despite having fewer stores open

'Affected by higher purchasing prices'

H&M sales fall in second quarter on stronger currency

Remittances are vital to economies across Central Asia

'Duty of every citizen'

Migrant money from Russia a lifeline for Central Asia

Customers sip matcha beverages at Kettl Tea in Los Angeles' Los Feliz neighborhood

Social media stardom

Global matcha 'obsession' drinks Japan tea farms dry

A federal judge in San Francisco reasons that tech firms will eventually have to pay to use copyrighted books to train generative artificial intelligence to avoid breaking the law

'Wrong arguments'

US judge sides with Meta in AI training copyright case

The village of Tal Mardikh, in Syria's northwestern Idlib province, which architect Abdel Aziz al-Mohammed could barely recognise when he returned after years away

Meticulous documentation

Syrian architect uses drone footage to help rebuild hometown

Mars's $36 billion purchase of Kellanova, whose snacks include Pringles and Pop-Tarts, was announced in August 2024

Antitrust investigation

EU probes Mars takeover of Pringles maker Kellanova

Chairman of the US Federal Reserve Jerome Powell speaks with Fed vice chair for supervision Michelle Bowman (L), as he chairs a Federal Reserve Board open meeting

No more reserves

US Fed proposes easing key banking rule

Nvidia CEO Jensen Huang, shown earlier this month in Paris, presented the company's technology at an annual meeting

Dollar struggling to recover

Nvidia hits fresh record while global stocks are mixed

Trump and Powell have repeately clashed

To replace oft-criticised Powell

Trump says 'three or four' candidates in mind for Fed chief

More than 600 metres (650 yards) of cables were stolen or severed south of the Eurostar station in northern France

'More than 600 metres'

Cable theft in north France disrupts Eurostar traffic

The drop in demand for Tesla cars has been linked to its ageing fleet, competition, and consumer distaste for owner Elon Musk's (L) work in the Donald Trump (R) administration

The Musk effect

Tesla sales skid in Europe in May despite EV rebound

AI-generated videos about the Philippines' impeachment trial are examples of increasingly sophisticated fakes possible with even basic online tools

Increasingly sophisticated

AI fakes duel over Sara Duterte impeachment in Philippines

Britain will purchase 12 nuclear weapon-capable F-35A fighters, expanding the country's deterrence arsenal, which is currently limited to submarine-launched missiles

First since Cold War

UK to reintroduce nuclear weapon-capable aircraft under NATO

Chinese Premier Li Qiang warned the global economy was 'undergoing profound changes'

World Economic Forum

China's premier warns global trade tensions 'intensifying'

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