Business & Tech

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Business & Tech

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

US Fed Chair Jerome Powell has said that Trump's criticism

Pressure on Powell

Trump calls US Fed chair 'fool' after pause in rate cuts

US President Donald Trump has imposed a raft of hefty tariffs on Europe since March

Worth 95 billion euros

EU threatens to target US cars, planes if Trump tariff talks fail

Microsoft co-founder Bill Gates announced plans to significantly accelerate the Gates Foundation's spending, meaning the organization will shut down in 2045

Gates Foundation to spend $200 bn through 2045 when it will shut down

The Bank of England hiked its forecast for annual UK gross domestic product growth this year, to one percent from 0.75 percent

By quarter point

Bank of England cuts interest rate as US tariffs hit economy

State-owned Emirates Group operates the world's largest long-haul carrier.

Third record in three years

Emirates airline group announces record $6.2 bn gross profit

In early April, Nintendo revealed details about the Switch 2, a hybrid console like its predecessor

Nintendo forecasts 15 million Switch 2 sales in 2025-26

Automobiles accounted for around 28 percent of Japanese exports to the United States last year

Japanese auto giant

Toyota cites tariffs as it forecasts 35% net profit drop

The Philippines' new online voting system has been marked by confusion and fears of disenfranchisement

New online system

Digital voting breeds distrust among overseas Filipino workers

Donald Trump has long been hostile to electric vehicles and has ordered the withholding of funding for a network of chargers

More than a dozen states involved

California leads lawsuit over Trump's EV charging funding change

A Muslim news page was banned on Instagram in India following the worst violence between nuclear-armed India and Pakistan in two decades

Meta blocks access to Muslim news page in India

US Federal Reserve Board Chair Jerome Powell told reporters that the policymakers were not affected by criticism from President Donald Trump

US Fed pauses rate cuts again and warns of inflation, unemployment risks

The United States and China are to hold weekend trade talks following a tit-for-tat tariff escalation sparked by Donald Trump

'Sweeping levies'

Global stocks mixed as markets eye weekend US-China trade talks

Nestle has found itself in hot water over filtering so-called natural mineral waters

Owned by Nestle

Perrier ordered to remove water filters

Since coming back to power President Donald Trump has embarked on a campaign to erase or modify government databases on weather records, AIDS prevention and care and references to ethnic or gender minorities

Trump's administration purges

Web archivists scrambling to save US public data from deletion

US Judge Amit Mehta will determine how Google must address his landmark ruling last year that Google operates an illegal monopoly in online search

Google shares plunge after Apple executive's court testimony

An airport control tower is seen at Newark Liberty International Airport

One of busiest airports

US safety officials slow operations at Newark airport after outage

ChatGPT maker OpenAI's initiative to help countries build infrastructures for 'sovereign' artificial intelligence systems comes as it faces competition from China-based DeepSeek

Develop and innovate

OpenAI offers to help countries build AI systems

EU Trade Commissioner Maros Sefcovic speaks to reporters in Singapore on May 7, 2025, after signing the EU-Singapore Digital Trade Agreement (DTA)

Following tariffs

EU trade chief says accelerating free trade talks with Asia

South African city Johannesburg will host the G20 summit in November

Cyril Ramaphosa

South Africa launches reform of derelict municipalities

President Claudia Sheinbaum wants Mexico's free trade deal with the United States to remain despite President Donald Trump's trade war

USMCA agreement

Sheinbaum says Mexico will defend free trade deal with US, Canada

The European Union hopes to reach a deal with the United States to avoid an all-out trade war

EU eyes targeting 100 bn euros of US goods with tariffs

The Mercosur deal still needs to be signed by member states and the EU parliament

With South American countries

Merz tells France Mercosur trade deal must be ratified 'quickly'

New German Finance Minister Lars Klingbeil faces a tough task to revive Europe's top economy

New German finance minister says 'no time to lose'

Novo Nordisk blamed its lower sales forecast on competition from copycat versions of its anti-obesity drugs in the United States

Weight-loss drugmaker Novo Nordisk slims sales forecast

Distiller Thomas McRae works at the Isle of Harris Distillery in Tarbert, on Harris, Scotland, which has just announced layoffs sparking fears more young people will be forced to leave the remote island in search of work

Distillery layoffs send shudders across remote Scottish island

US President Donald Trump has imposed a 25 percent tariff on car imports

Warning of interdependence

BMW upbeat on riding out US tariff chaos

China's economy has struggled to fully recover since the Covid-19 pandemic

Between tariffs and pandemic recovery

China eases monetary policy to boost ailing economy

Workers check bicycle wheels at a Joy Group factory in Taichung on April 24, 2025

Cancelled and postponed shipments

Taiwan bicycle makers in limbo as US tariff threat looms

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