Business & Tech

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Business & Tech

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

Investors are eagerly awaiting US jobs data on Friday to see if tariffs are harming the labor market

Won standing out

Stocks rise despite weak US jobs data

A wall with machine coding symbols at the headquarters of Russian cybersecurity firm Kaspersky, which allegedly received sensitive information from Swiss intelligence

Situation 'marked by insecurity'

Swiss probe intelligence leaks to Russia

Brazil's Supreme Court has already taken a strong stance on social media regulation

Groundbreaking case

Brazil's top court tackles social media regulation

US President Donald Trump raised tariffs on steel and aluminum to 50 percent

Allies and adversaries alike

US-China at trade impasse as Trump's steel tariff hike strains ties

The approval by the EU's executive body comes 18 years after Bulgaria joined the bloc

Mixed reactions

Bulgaria on course to become 21st EU member to adopt euro

Adult website Pornhub is one of several refusing to comply with the French government's demands to verify users' ages

Protesting new rule

Big-name porn sites black out in France over age checks

US private sector hiring slowed notably in May, according to payroll firm ADP, prompting President Donald Trump to pressure the central bank again to lower interest rates

Slowest pace since 2023

US private sector hiring sharply slows, drawing Trump ire

Featuring a bigger screen and more processing power, the Switch 2 is an upgrade to its predecessor

2.2 million pre-orders in Japan

Nintendo fans stoked for Switch 2 'mega launch'

The hajj control room in Mecca is filled with screens and maps for round-the-clock monitoring

Saudis use AI, drones and thousands of cameras to keep hajj pilgrims safe

Germany's economy has struggled in recent years in the face of high production costs at home, increasingly fierce Chinese competition and growing global trade tensions fired by US President Donald Trump

Sweeping package

Germany unveils tax breaks to boost stagnant economy

The Czech Republic relies on nuclear power for 40 percent of its electricity consumption

After blocking EDF's deal

Czechs sign nuclear deal with S.Korea firm KHNP: PM

Badiss Mohammed Bajjou was wanted by French authorities over a spate of kidnappings

Wanted by Interpol

Suspected mastermind of French crypto kidnappings held in Morocco

Registrations of BYD cars jumped more than 800 percent from a year earlier, to nearly 1,860 vehicles, although the Chinese EV giant is just beginning to make inroads in Germany

Tentative recovery

EVs boost German auto sales, Tesla falls again

As artificial intelligence threatens to upend entire sectors of the economy, American labor unions have been scrambling to protect workers

Upending entire sectors

US labor unions fight to contain AI disruption

Retired South African politician and former anti-apartheid activist Trevor Manuel chairs a panel of experts working on Africa

Adding to the strain

High-cost loans, Trump turmoil hurting Africa, says G20 panel chief

White House officials suggest Presidents Xi Jinping (L) and Donald Trump could speak this week

Speculation and hope

Stock markets rise as traders eye possible Trump-Xi talks

Yoshua Bengio and Eric Schmidt speak onstage during the 2024 TIME100 Summit in 2024

Top scientist wants to prevent AI from going rogue

All porn sites are required to verify French users' ages

Pornhub owner pressures France over age verification law

Consumer price increases in the single currency area slowed more than predicted by analysts for FactSet to 1.9 percent in May

Lowest in eight months

Eurozone inflation slows sharply in May

The OECD warned that the global economic outlooks 'is becoming increasingly challenging' following Trump's tariff blitz

US to be hit hardest

Trade war cuts global economic growth outlook: OECD

Trump wrote in a Truth Social post that the elevated 50-percent rate on steel and aluminum would begin Wednesday

Stocks mixed, oil up on rising trade tensions, geopolitical risks

Some family members of victims of the Boeing 737 MAX crashes slammed a proposed deal between Boeing and the Department of Justice

Preliminary agreement reached

US judge cancels planned Boeing trial over 737 crashes

Norwegians have flocked back to Tesla as it offered zero-interest loans and a new Model Y

Currently best-selling car in the country

As Tesla stalls across Europe, sales rise in Norway

Amazon accounts for about 60 percent of online retail revenue in Germany, according to the country's competition watchdog

Abuse of market power

Amazon price rules anti-competitive: German regulator

The EU said Delivery Hero and its subsidiary Glovo admitted their involvement in a cartel and said they would pay the fines to settle the case

Violated antitrust rules

EU hits food delivery company Delivery Hero with 329 mn-euro-fine

IATA boss Willie Walsh called for the aviation sector to be spared from increased tariffs

Increased tariffs impacting sector

Airlines less optimistic for 2025, facing 'headwinds': IATA

The ECB has been gradually cutting interest rates as inflation eases

For seventh-straight time

ECB expected to cut rates again as Trump trade war rumbles on

Beijing and Washington last month agreed to slash staggeringly high tariffs on each other for 90 days

China 'firmly rejects' US claim that it violated tariff deal

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