Business & Tech

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Business & Tech

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

Members of the navy patrol the Lazaro Cardenas port on Mexico's Pacific coast

Lazaro Cardenas

Mexican mega-port confronts Trump's tariff storm

The usual choreography of cranes at the Port of Los Angeles is stumbling thanks to swingeing tariffs imposed by Donald Trump

Trump's tariffs bite at quiet US ports

Analysts don't expect letting developers link to payment platforms outside the App Store to be a major hit to revenue generated by Apple's services business

Music streaming

Apple eases App Store rules under court pressure

US hiring slowed less than expected in April

Trump's first 100 days

US hiring better than expected despite Trump uncertainty

Billionaire-owned Paris FC win promotion and prepare to take on PSG

Solid April jobs figures helped reassure investors about the impact of President Donald Trump's tariff policies on the US economy

Tracking Wall Street gains

Stocks gain on US jobs data, tariff talks hopes

US President Donald Trump is proposing a big boost in defense spending

President's 'wish-list'

Trump eyes huge 'woke' cuts in budget blueprint

Chevron will temper its pace of share repurchases in the secodn quarter in light of falling oil prices

Lower profits at US oil giants amid fall in crude prices

General Motors has reduced the number of shifts at this assembly plant in Oshawa, Canada

GM cuts shift at Canada plant over 'evolving trade environment'

American consumers may see prices go up on Chinese shopping apps like Shein and Temu after the Trump administration's tariff policy takes effect

Tariff exemption ends

US ends duty-free shipping loophole for low-cost goods from China

Meta, formerly Facebook, has been hit with multiple lawsuits over the working conditions of contractors who work on content moderation for its platforms

'Harrowing work'

Lawyers probe 'dire' conditions for Meta content moderators in Ghana

With inflation close to the two-percent target, the ECB has shifted to cutting interest rates to boost the eurozone's sluggish economy

Interest rate cuts remain likely

Eurozone inflation holds above expectations in April

Hong Kong, a special administrative region in China with its own trade policies, has not followed Beijing's lead in imposing retaliatory tariffs

Hong Kong posts 3.1% growth, warns of trade war 'risk'

BASF said it was 'more resilient than others' when it came to US tariffs due to its focus on producing locally

Resilient but threat remains

German chemical giant BASF keeps outlook, warns on tariffs

Shell and other oil majors have been hit by a recent slump in crude prices

British energy giant

Shell net profit sinks 35% in first-quarter as oil prices fall

The world's two largest economies are locked in a tit-for-tat tariff war that threatens hundreds of billions in trade and has roiled global markets and supply chains

Where things stand in the US-China trade war

US President Donald Trump and Ukraine's President Volodymyr Zelensky publicly clashed during a White House meeting in late February

Following weeks of delays

US-Ukraine minerals deal: what we know

Punishing US tariffs that have reached 145 percent on many Chinese products came into force in April while Beijing has responded with fresh 125 percent duties on imports from the United States

Potential negotiations

China says open to US trade talks offer but wants tariffs scrapped

The next round of ministerial-level talks will 'take place intensively from mid-May onwards,' Tokyo's envoy said

Tokyo's tariff envoy says US talks 'constructive'

The classic cars on sale at Yosuke Fukuda's repair yard ooze Californian cool with their chrome and tail fins, but on Japanese roads new US vehicles are a rare sight -- much to President Donald Trump's annoyance

Chevrolet, Cadillac, Ford...

Trump vs Toyota? Why US cars are a rare sight in Japan

Apple chief Tim Cook says most of the iPhones brought into the United States will originate in India as the tech company tries to soften the blow from the US trade war with China

Disruptive measures

Apple expects $900 mn tariff hit, US iPhone supply shifts to India

American consumers may see prices go up on Chinese shopping apps like Shein and Temu after the Trump administration's tariff policy takes effect

No more exemptions

US to end shipping loophole for Chinese goods Friday

Amazon reported an increase in revenue, but its outlook disappointed investors

'Pleased with start of 2025'

Amazon revenue climbs 9%, but outlook sends shares lower

French Foreign Minister Jean-Noel Barrot (L) met with his US counterpart Marco Rubio at the Department of State in Washington, DC on May 1, 2025

Putin is 'sole obstacle' to peace

EU preparing new sanctions on Russia, French minister tells AFP

US Treasury Secretary Scott Bessent and Ukrainian First Deputy Prime Minister Yulia Svyrydenko sign a minerals deal at the Treasury Department

Outcome remains to be seen

With minerals deal, Ukraine finds way to secure Trump support

Mexico's President Claudia Sheinbaum (L) described her conversation with US President Donald Trump as positive, but said there was still no deal on tariffs

Mexican president

Sheinbaum says agreed with Trump to 'improve' US-Mexico trade balance

McDonald's said quarterly results were dented by a drop in traffic from low- and medium-income consumers

Drop in first-quarter

McDonald's profits hit by weakness in US market

GM said it is monitoring trade talks between the Trump administration and South Korea, where it assembles the Chevrolet Trax, which is popular with value-conscious US customers

Looking to boost US supply chain

GM cuts 2025 outlook, projects up to $5 bn hit from tariffs

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