Business & Tech

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RTL Lëtzebuerg

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Business & Tech

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

The African Growth and Opportunity Act (AGOA) is a cornerstone of trade relations between the United States and African countries

AGOA: US-Africa trade accord hangs in the balance

Britain's economy grew more than expected in February

UK's unexpected economic rebound boosts govt amid Trump tariffs

Apple's iPhone 16 models have hit the shelves in Indonesia after a monthslong sales ban

Hit the shelves

Apple’s iPhone 16 hits Indonesia stores after monthslong ban

Saudis check a car at the Tesla company's first showroom in Riyadh. Elon Musk's firm has opened three showrooms in oil rich Saudi Arabia

Nation of few hybrid cars

Tesla opens first showroom in oil-rich Saudi

Swedish municipalities have been flooded with discarded clothes since a new EU law came into force

Overflowing with clothes

Sweden drowns in discarded fast fashion items

Lesotho jeans factories will be among African businesses still expecting to take a hit from Trump's 10-percent tariffs

Despite US tariffs pause, southern African economies under threat

A cargo ship transits through Panama Canal

Joint agreement

Panama deal allows US to deploy troops to canal

US President Donald Trump may have paused higher tariffs on dozens of countries this week, but he doubled down on goods from China

Despite Trump pause, overall US tariff rate at highest in a century

UAW President Shawn Fain endorsed some of President Trump's tariffs while attacking other elements of the Republican's agenda

Addressing 'free trade disaster'

US auto union praises some Trump tariffs

Wall Street indexes reversed course after soaring over Trump's tariff U-turn

Wall Street rally fizzles as tariff fears resurface

US President Donald Trump admits there will be a 'cost' to his tariffs war but insists there will be a 'beautiful' ending

Economy entering unknown territory

US-China confrontation overshadows Trump's 'beautiful' trade war

US President Donald Trump says tariffs that he imposed on China derailed a deal that was coming together for China-based ByteDance to sell TikTok's operations in the United States

TikTok fuels ByteDance revenue as US ban looms: report

Capri, which also owns Jimmy Choo and Michael Kors, had to accept a reduced price from Prada amid the market turmoil caused by US President Donald Trump's tariffs

Prada to buy Versace for 1.25 bn euros to create new force in Italian fashion

The lawsuit is the latest round in a bitter feud between the generative AI start-up OpenAI and the world's richest man

Waging a 'relentless campaign'

OpenAI countersues Musk as feud deepens

A fall in gas prices helped cool inflation in March

Government data shows

US consumer inflation cools in March on falling gas prices

People walk across a foot bridge with a board showing financial market information in Shanghai

'Lack of respect'

Shanghai finance workers worry after front-row seat to tariff turmoil

A think-tank warned the United States' 'protectionist' policies would hit German growth

Struggling top economy

Trump tariffs weigh on Germany as institutes cut forecasts

Taiwanese chipmaking giant TSMC reported Thursday a better-than-expected revenue for the first quarter on strong demand for AI technology

Chipmaking giant

Taiwan's TSMC says first quarter revenue up 42 percent

Budget airline Vietjet signed a $300 million agreement to boost its fleet after Vietnam said it would start negotiations with the United States on a reciprocal trade agreement

Seeking reciprocal agreement

Vietnam says it will start trade talks with United States

Big Tech companies have become mega users of power that will increase in the race to adopt artificial intelligence

New infrastructure challenges

AI surge to double data centre electricity demand by 2030: IEA

Samsung, the world's second-largest phone maker, produces around half of its handsets in Vietnam

Including Vietnam production sites

Samsung under pressure as US tariffs rattle South Korean economy

China's export-driven economy is particularly sensitive to vicissitudes in international trade

Where things stand in the US-China trade war

Beijing is seeking to boost domestic consumption, which has yet to recover to pre-pandemic levels

Escalating trade war

China consumer prices slump for second straight month: data

US President Donald Trump said he huddled with Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick before announcing the 90-day pause on tariffs

Reflective mood

Art of the deal? How Trump backed down on tariffs

US President Donald Trump said he would raise tariffs on Chinese goods to 125 percent

Who stands in the crosshairs of Trump's tariffs?

A screen at the New York Stock Exchange (NYSE) features a sea of green, a reversal from the red of recent days as markets were pummeled

After brief respite

US stocks soar on Trump tariff reversal, oil prices jump

US President Donald Trump raised tariffs on imports from China to 125 percent while instituting a 90-day pause on other levies

Global market panic

Trump stuns with tariff backtrack but punishes China

Argentina's President Javier Milei faces another general strike in response to austerity measures

Anti-austerity protest

Argentina braces for 24-hour strike as it awaits news on IMF loan

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