Business & Tech

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Business & Tech

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

Coinbase is offering $20 million in reward money for information leading to the arrest and conviction of criminals who used insider information to dupe users of the platform for buying, selling and trading cryptocurrency

Reimbursing victims

Coinbase expects data breach to cost it up to $400 mn

Walmart warned that it will not be able to absorb all the effects from tariffs

Uncertainty surrounding global market

Walmart warns of higher prices due to tariffs

There are fewer foreign tourists to welcome to the United States, according to a report by travel industry group

Potential visitors are 'fearful'

US set to lose $12.5 bn in foreign tourism in 2025: industry

Germany's Foreign Minister Johann Wadephul speaks at a NATO meeting in Antalya, Turkey

'Paradigm shift': Germany says to meet Trump's NATO spending target

US retail sales were up 0.1 percent in April, with analysts expecting consumers are starting to pull back

Following spending spree

US retail sales little changed, signs of pullback after pre-tariff rush

'We want to stay independent'

Germany's Commerzbank staff protest UniCredit takeover threat

US Federal Reserve Chair Jerome Powell said there could be more frequent supply shocks going forward

Amid tariff rollout

US Fed chair warns of potential for 'more persistent' supply shocks

Tourism in Italy directly accounts for more than six percent of GDP

Big-spending pilgrims

Rome businesses count their blessings with US pope

Thyssenkrupp's steel business is undergoing a major overhaul

Worse than expected

Struggling steel giant Thyssenkrupp's shares slump after profit hit

It is the first time the EU has formally accused TikTok of breaching the Digital Services Act

Lack of transparency

EU accuses TikTok of violating digital rules over ads

The story started from photos of Starmer, Macron and Merz on a train bound for Kyiv

Millions of views worldwide

Tracking the disinfo on Macron's 'cocaine use' in Ukraine

The Liberian-flagged MSC Emden III at the Port of Balboa at the entrance to the Panama Canal on April 23. The port is managed by CK Hutchison Holdings

Potential legal consequences

China warns Panama ports deal firms to 'proceed with caution'

A woman poses for a selfie next to a sign for e-commerce giant Alibaba in the Xuhui district of Shanghai in February

China's Alibaba says annual revenue up six percent year-on-year

The rise in GDP comes as a boost for the Labour government, which struggled to kickstart stagnant growth since it came into power in July

UK economy grows above forecasts, but tariffs threaten progress

The ICT factory's 64 cigarillo-making machines can roll out 800,000 per day

Despite stricter smoking laws

Cuban cigarillo factory overwhelmed by burning demand overseas

Airbnb boss Brian Chesky talks about his new home services offering during an interview with AFP in Los Angeles

'Novelty is cool'

Seeking something new, Airbnb CEO promises 'perfect concierge'

'I don't want to live in Europe either,' OpenAI CEO Sam Altman told a Senate panel on maintaining American AI dominance

With Trump's second term, Big Tech embraces US exceptionalism

Sending Vegemite to space

System glitch delays Australian-made rocket launch

Senior Advisor to the US President Elon Musk (L) and Nvidia CEO Jensen Huang (C) are directed to greet the Saudi Crown Prince at the Royal Court in Riyadh on May 13, 2025 as Saudi Arabai announced deals with US tech giants

Notable fluctuations

Stock markets fluctuate as China-US trade euphoria fades

Boeing CEO Kelly Ortberg, US President Donald Trump and Qatar's Emir Sheikh Tamim bin Hamad al-Thani

Trump announces big Boeing order for Qatar Airways

A Mexican social media influencer has been murdered during a live stream on TikTok

Mexican influencer shot dead during live stream

Logos of Bitcoin and different cryptocurrencies

Seeking regulatory clarity

Crypto industry praises Trump, calls for market clarity

Under Monday's deal, the United States agreed to lower its tariffs on Chinese goods to 30 percent while China will reduce its own to 10 percent -- down by over 100 percentage points

Temporary de-escalation

China, US slash sweeping tariffs in trade war climbdown

'Assassin's Creed' came through with strong sales but could not keep Ubisoft from a net loss

Back into the red

'Assassin's Creed' no saviour for struggling Ubisoft

French crypto wealth has attracted a string of kidnappings and attempted kidnappings

Bolster security

France summons cryptocurrency businesses after kidnappings

German Chancellor Friedrich Merz delivers his first major government address to parliament

Bring in the money

Merz vows to rev up German economic 'growth engine'

Melkonyants helps run Russian vote-monitoring NGO Golos, which records alleged electoral fraud

Intensifying crackdown

Russia jails prominent vote monitor for five years

Le Coq Sportif is the former supplier of France's national rugby union team

Struggling label

Umbro owner in joint bid for Le Coq Sportif

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