Business & Tech

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Business & Tech

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

Finance Minister Enoch Godongwana said South Africa was looking to hike fuel prices to cover a budget deficit

Forced to backtrack on proposals

Third time lucky? South Africa presents revised budget

UK regulators allowed private companies to hike household bills from April

Disappointing figures

UK inflation hits 15-month high as utility bills soar

The European Commission wants to make it easier for mid-sized businesses to operate across the EU

Trade barriers to be assessed

EU plans to slash red tape for medium-sized companies

Baidu operates China's main search engine and has long been a key player in the domestic tech industry -- but faces stiff competition both from traditional rivals like Tencent and Alibaba and a host of newer upstarts

Search engine giant seeks expansion

China's Baidu posts rise in Q1 revenue as seeks to grow AI presence

MultiChoice is Africa's largest pay TV enterprise and includes SuperSport and DStv

Competition authority approves deal

Canal+ buyout of S.Africa's MultiChoice one step closer

Marks and Spencer said information stolen could include names, dates of birth, home addresses and telephone numbers

Online shopping remains down

Cyberattack costs UK retailer Marks & Spencer £300 mn

Washington has expanded its efforts in recent years to curb exports of state-of-the-art chips to China, concerned that these can be used to advance Beijing's military systems and otherwise undermine American dominance in AI

Amid new Washington guidelines

China slams US 'bullying' over new warnings on Huawei chips

Thousands of roads and bridges, many from the 1960s and 1970s, are reaching the end of their lifespans

Germany's infrastructure push needs more than money

Top finance leaders from G7 economies are set to discuss global economic conditions this week in Canada, while concerns over US tariffs loom over their gathering

Amid geopolitical pandemonium

Canada seeks to send 'strong message' with Ukraine at G7 finance talks

Blockbuster title Fortnite was unavailable at Apple's App Store in the US for some five years as its creator Epic Games fought with the iPhone maker over commissions at the digital shop

Legal battle over

Epic Games says Fortnite back on Apple's US App Store

Canadian Finance Minister François-Philippe Champagne speaks at a press conference during the G7 Finance Ministers and Central Bank Governors' Meeting in Banff, Alberta, Canada

Restoring stability and growth

Canadian host of G7 finance talks 'optimistic' despite trade turmoil

Donald Trump and Speaker of the House Mike Johnson speak to the press after a House GOP Conference Meeting at the US Capitol in Washington, DC on May 20, 2025

Signature language

Trump pushes Republicans to back 'big, beautiful' tax bill

US President Donald Trump, joined by US Speaker of the House Mike Johnson (L) and US House Republican Conference Chair Lisa McClain (R), speaks to reporters as he arrives for a House Republican meeting to build support for a sweeping tax cut bill

After rating-fuelled losses

European stocks close higher as Wall Street dips

'More advanced reasoning'

Google ramps up search with AI mode

Chanel has been strongly expanding in China, which it views as one of its most important markets

'Challenging' conditions in some markets

Chanel reports 28% drop in full-year profit

The EU fee would remove the customs-free status of packages worth less than 150 euros that are imported directly to consumers

Great majority from China

EU plans two-euro flat fee on small parcels from outside bloc

Elon Musk, the richest person on Earth, spent hundreds of millions of dollars on Donald Trump's 2024 presidential campaign

'I did what needed to be done'

Musk says will spend 'a lot less' on political campaigns

Gig economy drivers protested in Indonesia demanding a 10 percent cap on commission fees

Demand 10% cap on commission fees

Indonesian gig drivers protest demanding lower app fees

Ms Rachel, seen here at a Sesame Workshop gala in New York in 2024, has spoken out repeatedly for the children of Gaza

Silence not 'a choice for me'

YouTube star educator Ms Rachel draws ire over Gaza appeals

Copper smelting underway at El Teniente mine, owned by Codelco, the Chilean state-owned outfit that is partnering with Rio Tinto to extract lithium

Chilean copper giant

Rio Tinto invests in major Chilean lithium project

Traders work on the floor of the New York Stock Exchange (NYSE) on May 19, 2025 in New York City

Last gold standard sovereign bond rating

US stocks edge higher while dollar dips after Moody's downgrade

South Africa's President Cyril Ramaphosa visit to Washington is seen as an attempt to reset the trade relationship with the United States

High-stakes visit

S.Africa says talks with Trump aim to salvage trade

Nestle Waters has admitted using banned filters and ultra-violet treatment on mineral waters

Lack of transparency

Perrier scandal bubbles up as French parliament slams cover-up

Telegram founder Pavel Durov alleged that DGSE chief Nicolas Lerner asked him 'to ban conservative voices in Romania ahead of elections'

Strongly refutes allegations

French intelligence rejects Telegram founder's claim of Romania vote meddling

Guinness owner Diageo plans to cut costs by around $500 million over three years

Splitting the G

Guinness maker Diageo cuts costs, eyes US tariff hit

Nestle Waters has admitted using banned filters and ultra-violet treatment on mineral waters

Including Perrier

French state covered up Nestle water scandal: Senate report

The EU cut its forecast for 2025 eurozone growth to 0.9 percent from 1.3 percent previously

Global trade tensions

Trump tariffs force EU to cut 2025 eurozone growth forecast

Xiaomi took initial steps into semiconductors for smartphones with the launch of the firm's first in-house chip -- the Surge S1 -- in 2017

Used for high-end smartphones

China's Xiaomi to invest nearly $7 bn in chips

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