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 Treasury Secretary Scott Bessent is among those who will attend the talks in Switzerland, according to his office

Kickstarting relations

US, Chinese officials to hold trade talks in Switzerland

Meta says evidence during a US trial revealed that Israel-based NSO Group spends tens of millions of dollars annually looking into ways to get spyware onto people's devices through browsers, apps, and operating systems

Compromised phones

US jury awards WhatsApp $168 mn in NSO Group cyberespionage suit

The US Federal Reserve is expected to hold interest rates steady on Wednesday, even as President Donald Trump pushes for more cuts

Stocks retreat as traders cautious before Fed rates call

US President Donald Trump met with Canadian Prime Minister Mark Carney in the Oval Office of the White House in Washington

Amid visit from PM

Trump says US should to stop 'subsidizing' Canada as trade talks continue

Liquefied natural gas being delivered at the Fos-sur-Mer terminal in southern France, in June 2023

Imports fallen sharply

EU proposes ending all Russian gas imports by 2027

Britain has sought to bolster trade ties across the world since it left the EU at the start of the decade

Bolstering ties

UK, India strike trade deal amid US tariff blitz

US Treasury Secretary Scott Bessent spoke at an oversight hearing held by lawmakers on the House Financial Services and General Government subcommittee

Despite contraction in first quarter

No signs of US recession, Treasury Secretary says

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

Multi-billion-dollar deal

EDF complaint blocks Czech-Korean nuclear deal

US Federal Reserve Chair Jerome Powell will take questions from reporters after the US central bank's decision is announced

Two-day discussion over interest rates

US Fed starts rate meeting under cloud of tariff uncertainty

Almost 46 percent fewer Tesla cars were registered in Germany in April than the same month last year

EV registrations rose

Tesla sales fall again in Germany as drivers steer clear of Musk

The combined DoorDash and Deliveroo food delivery service will have a presence in over 40 countries, serving around 50 million monthly active users.

Food delivery app DoorDash agrees to buy peer Deliveroo

Philips gets into the green

'Encouraging start to the year'

Philips turns in a profit but China, tariffs weigh

Regulators the world over are wrestling with how to keep children safe online

Draft law unveiled

New Zealand PM proposes banning under-16s from social media

Ford displayed its new Lincoln Navigator at an auto show in Shanghai last month

Mitigating blowback

Ford sees $1.5 bn tariff hit this year, suspends 2025 forecast

Oil prices had already been slumping before OPEC+ members decided to increase output

Sharp production increase

US film studio shares slip on Trump tariff threat

'OpenAI is not a normal company and never will be,' OpenAI CEO Sam Altman wrote in an email to staff posted on the company's website

Resisting investor pressure

OpenAI abandons plan to become for-profit company

The layoffs come as Meta has cut its third-party fact-checking in the United States and overhauled its content moderation policies

End of fact-checking

Meta content moderator cuts over 2,000 jobs in Spain: union

Warren Buffett testifies before the Senate Finance Committee in Washington, DC, in 2007

Despite stepping down

Warren Buffett to remain as Berkshire Hathaway board chair

Spain hosted a record 94 million foreign tourists in 2024

'17 million' flock to Spain

Spain foreign tourist numbers break record in early 2025

Leschanz is one of the few confectioners who still make Mozartkugel chocolates labouriously by hand

Painstakingly drafted

Mozart chocolate row leaves bitter taste in Austria

Eight OPEC+ member countries on Saturday announced a sharp increase in oil production

Increase of 411,000 daily barrels

'Bombshell' OPEC+ output hike hits oil price

US President Donald Trump has frequently criticized Fed Chair Jerome Powell, seen in Chicago in April 2025, and called for the US central bank to cut interest rates

Stop-start tariffs

US Fed expected to pause rate cuts again, await clarity on tariffs

US President Donald Trump says 'I don't know' whether he is obligated to uphold the US Constitution

In NBC News interview

Trump says 'I don't know' if must uphold US Constitution as president

Researchers at Dartmouth College, seen here, believe they have developed a reliable AI-driven app to deliver psychotherapy, addressing a critical need for mental health care

Shortage of mental health professionals

US researchers seek to legitimize AI mental health care

Berkshire Hathaway's Warren Buffett has said he will step down by year's end as head of the company

'The Oracle of Omaha'

Warren Buffett to retire from Berkshire Hathaway by year's end

Billionaire investor Warren Buffett, CEO of Berkshire Hathaway, earned his massive fortune with savvy choices and personal frugality

Warren Buffett: billionaire investor with simple tastes

Meta says it 'may be forced to effectively shut down the Facebook and Instagram services in Nigeria'

Tribunal continues

Meta fighting Nigerian fines, warns could shut Facebook, Instagram

Defeat for right

Left-leaning PM triumphs in Australian election

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