Business & Tech

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Business & Tech

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

Social media users are increasingly relying on AI chatbots to verify information

Reliability in doubt

Grok shows 'flaws' in fact-checking Israel-Iran war: study

US Federal Reserve Chair Jerome Powell says that the central bank can wait to learn more about the impact of tariffs before adjusting interest rates further

Waiting for tariff impact

US Fed chair signals no rush for rate cuts despite Trump pressure

The new measures follow a nationwide blackout in April that a government report concluded was due to a lack of voltage control capacity followed by operators halting power plants to avoid damage to their equipment

Energy network improvements

Spain moves to strengthen power grid after huge April blackout

The European Parliament's transport committee adopted a proposal that would allow travellers to bring a personal item into the cabin, such as a handbag or backpack, and a hand luggage of up to seven kilogrammes (15 pounds) at no extra fee

Opposed by aviation sector

EU lawmakers vote to bar carry-on luggage fees on planes

German Chancellor Friedrich Merz and Finance Minister Lars Klingbeil at a cabinet meeting

Government pledge

German budget plans outline vast spending - and record debt

Tesla's French subsidiary is accused of 'deceptive commercial practices'

Facing delayed fine

France orders Tesla to end 'deceptive commercial practices'

Oil prices eased after Donald Trump announced a ceasefire agreement between Iran and Israel

Investors relieved

Oil prices drop as Israel agrees to ceasefire proposal

The UK's competition watchdog proposes to designate Google with 'strategic market status', subjecting it to special requirements under new regulations

Competition watchdog

UK aims to tackle Google dominance of online search

The world is facing the

World Economic Forum

World facing 'most complex' situation in decades: WEF

After near bankruptcy

Virgin Australia surges in market comeback

An aerial view of a worker spreading cocoa beans to dry in Guayaquil, Ecuador, on May 20, 2025

Top agricultural export

Better than gold: how Ecuador cashed in on surging cocoa prices

Crude prices fell sharply after Iran's response to the US military strikes did not affect petroleum infrastructure

Oil prices tumble as markets shrug off Iranian rebuttal to US

Sales of US existing homes edged up 0.8 percent in May from the prior month, said the National Association of Realtors

US existing home sales little-changed on sluggish market

More than half of the oil imported by East Asia passes through the Strait of Hormuz, experts estimate

Asian countries most vulnerable to Strait of Hormuz blockade

Italian executive Antonio Filosa has kept his role as head of North America at Stellantis

US-European auto giant

New CEO of Jeep owner Stellantis starts with leadership shake-up

The EU has downgraded its forecast for eurozone growth for 2025

Eurozone business activity almost flat again in June

Growing interest

Japan's high-tech sunscreens tap into skincare craze

Tesla's robotaxi launch in Texas comes as Elon Musk focuses on his business ventures following his stint in Washington

'Golden area of autonomous'

Tesla launches long-discussed robotaxi service

Shipbuilding accounted for nearly four percent of South Korea's exports in 2024 and directly employs around one percent of the country's workforce

Bargaining chip

South Korea counts on shipbuilding to ease US tariff woes

The air show has been at the centre of a row over the presence of Israeli firms

Calling for end to war

Protesters slam war profiteering, Israel at French air fair

A surge in conflict misinformation has exposed the need for stronger AI detection tools

Information warfare

Tech-fueled misinformation distorts Iran-Israel fighting

US President Donald Trump's delay of a decision on joining Israel's strikes on Iran provided some relief

'Two-week 'thinking window'... a ticking volatility clock'

Global stocks mixed, oil lower as market digests latest on Iran

Niger wants to nationalise the local branch of Orano, a uranium mining company mostly owned by France

Countries' riches

Sahel juntas pile pressure on foreign mining firms

Putin wants officials to keep a 'close eye on all indicators of the health of our industries, companies and even individual enterprises'

Military investment not enough

Putin says recession in Russia 'must not be allowed to happen'

If found responsible, Amazon could face a fine of up to one percent of its annual revenue in the UK

'Reasonable grounds'

UK probes Amazon over suspected late payments to food suppliers

More than 50 migrant harvesters lived in accommodation that posed a danger to their 'security, health and dignity', according to investigators

Verdict to be issued on 21 July

French champagne makers face prison in human trafficking trial

Russia's central bank, headed by Governor Elvira Nabiullina, has rebuffed calls to cut interest rates again

'Painful' economic situation

Russian government, central bank spar over economic downturn

Trout processing in Trabzon, on the Black Sea Coast, where the industry is surging thanks to export demand

Production of trout has exploded

'Turkish salmon': the Black Sea's new rose-coloured gold

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