Business & Tech

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Business & Tech

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

Japan's central bank cut its growth forecasts for 2025 and 2026 over the uncertainties brought by Donald Trump's tariffs

Steady interest rates

Tariffs prompt Bank of Japan to lower growth forecasts

Elon Musk during a cabinet meeting in the White House in Washington, DC, on April 30, 2025

Troubled car company

Trump praises Musk as chief disruptor eyes exit

Analysts say that Musk's prominent role close to Trump is a likely factor in the sharply lower Tesla sales in Europe

Musk-Trump link slows sales

Tesla sales plunge further in France, down 59% in April

US reaching out to China for tariff talks: Beijing state media

A federal judge says Apple has 'sought to interfere with competition' at its App Store to keep raking in billions of dollars from commissions charged at the shop for digital content

US judge says Apple defied order in App Store case

Meta's strong earnings in the first quarter of 2025 come as the tech behemoth faces the threat of a US judge ordering it to sell WhatsApp and Instagram in an antitrust case playing out in Washington

'Above expectations'

Meta quarterly profit climbs despite big cloud spending

Many US firms have been building up inventories of imports to counter the impact of Trump's widescale tariffs

Uncertainty rules

Global stocks mostly rise following mixed economic data

The US economy unexpectedly contracted in the first three months of 2025, initial estimates show

Possible recession

US economy unexpectedly shrinks, Trump blames Biden

Caterpillar so far is not considering major changes to its supply chain to offset the hit from tariffs

Caterpillar so far not hiking prices to offset tariff hit

US-bound cargo trucks queue near the border in the Mexican city of Tijuana

Mexico avoids recession despite tariff uncertainty

ArcelorMittal's global production footprint would help it benefit from tarif measures but the overall economic uncertainty could be bad for business

Steelmaker ArcelorMittal warns of uncertainty

Brad Smith is in Europe to reaffirm Microsoft's commitment to the continent

'The sooner, the better'

Microsoft president urges fast 'resolution' of transatlantic trade tensions

Germany's economy expanded faster than expected in early 2025

Boost for incoming govt

German growth better than expected but tariff turmoil looms

US President Donald Trump moved Tuesday to soften the blow from the 25-percent tariffs that he imposed on car imports earlier this month

Mercedes-Benz included

More automakers drop earnings guidance over tariffs

The better-than-expected data appears to be linked to advance purchases in the United States, before US tariffs came into effect

Yearly outlook remains lacklustre

Eurozone economy grows more than expected despite US tariff turmoil

Co-chairman of the Germany's Social Democratic Party Lars Klingbeil

Vice chancellor

Germany's next finance minister, 'bridge-builder' Lars Klingbeil

This month in AI news: decoding dolphin language and now better than doctors?

Stellantis welcomed Trump's decision to soften some of the blow from tariffs

Shipments down 20%

Jeep owner Stellantis suspends outlook over tariffs

Careful evaluation

Aston Martin limits US car imports due to tariffs

Volkswagen's net profit fell 40.6 percent in the first three months of the year to hit 2.19 billion euros ($2.49 billion)

Europe's largest carmaker

Volkswagen says tariffs will dampen business as profit plunges

Falling crude prices are reducing profits at oil producers like TotalEnergies

TotalEnergies profits drop as prices slide

French economic growth was restrained by the reluctance of consumers to reach deep into their pockets

Despite modest expansion

French economy returns to thin growth in first quarter

A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell earlier this month

Foregoing norms

Financial markets may be the last guardrail on Trump

Japan is a key US ally but has not secured any exemptions from Donald Trump's tariffs

Concessions expected

Japan tariff envoy departs for round two of US talks

China's manufacturing activity shrank in April after growing at its highest rate in a year the previous month

China's manufacturing shrinks in April as trade war bites

Samsung Electronics, the flagship subsidiary of South Korean giant Samsung Group, is the world's largest memory chipmaker

Amid looming tariff threat

Samsung Electronics posts 22% jump in Q1 net profit

Volvo Cars shares sank after it announced plans to cut costs by almost $2 billion on falling profits

Global stocks mostly rise as Trump grants auto tariff relief

Brazil's Foreign Minister Mauro Vieira speaks on the second day of the BRICS foreign ministers meeting in Rio de Janeiro

BRICS blast 'resurgence of protectionism' in Trump era

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