Business & Tech

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Business & Tech

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

White House officials suggest Presidents Xi Jinping (L) and Donald Trump could speak this week

Speculation and hope

Stock markets rise as traders eye possible Trump-Xi talks

Yoshua Bengio and Eric Schmidt speak onstage during the 2024 TIME100 Summit in 2024

Top scientist wants to prevent AI from going rogue

All porn sites are required to verify French users' ages

Pornhub owner pressures France over age verification law

Consumer price increases in the single currency area slowed more than predicted by analysts for FactSet to 1.9 percent in May

Lowest in eight months

Eurozone inflation slows sharply in May

The OECD warned that the global economic outlooks 'is becoming increasingly challenging' following Trump's tariff blitz

US to be hit hardest

Trade war cuts global economic growth outlook: OECD

Trump wrote in a Truth Social post that the elevated 50-percent rate on steel and aluminum would begin Wednesday

Stocks mixed, oil up on rising trade tensions, geopolitical risks

Some family members of victims of the Boeing 737 MAX crashes slammed a proposed deal between Boeing and the Department of Justice

Preliminary agreement reached

US judge cancels planned Boeing trial over 737 crashes

Norwegians have flocked back to Tesla as it offered zero-interest loans and a new Model Y

Currently best-selling car in the country

As Tesla stalls across Europe, sales rise in Norway

Amazon accounts for about 60 percent of online retail revenue in Germany, according to the country's competition watchdog

Abuse of market power

Amazon price rules anti-competitive: German regulator

The EU said Delivery Hero and its subsidiary Glovo admitted their involvement in a cartel and said they would pay the fines to settle the case

Violated antitrust rules

EU hits food delivery company Delivery Hero with 329 mn-euro-fine

IATA boss Willie Walsh called for the aviation sector to be spared from increased tariffs

Increased tariffs impacting sector

Airlines less optimistic for 2025, facing 'headwinds': IATA

The ECB has been gradually cutting interest rates as inflation eases

For seventh-straight time

ECB expected to cut rates again as Trump trade war rumbles on

Beijing and Washington last month agreed to slash staggeringly high tariffs on each other for 90 days

China 'firmly rejects' US claim that it violated tariff deal

AI chatbots are increasingly used for instant debunks, but their responses are often riddled with misinformation

Quest for reliable sources

Hey chatbot, is this true? AI 'factchecks' sow misinformation

Rotterdam hosts TwitchCon -- the annual event run by United States streaming giant Twitch -- where fans can meet their favourite creators and join the celebrations

Streamers unite in Netherlands

Gaming fans bring electric energy to Rotterdam as TwitchCon arrives

US Treasury Secretary Scott Bessent says a call between President Donald Trump and China's Xi Jinping could help resolve a simmering trade dispute

Amid stalled progress

US says trade row with China could ease after Trump-Xi talks

Indian airline IndiGo has in total placed orders for around 1,000 aircraft from the A320 family, Airbus's most successful model

Significant expansion

Indian airline IndiGo orders 30 Airbus A350 widebody planes

Elon Musk has denied using drugs extensively, even as he acknowledged taking 'prescription' ketamine in the past

'I am NOT taking drugs!' Musk denies damning report

An armoured breaching vehicle made by German company Rheinmetall is displayed at the International Defence and Security Fair in Madrid on May 12, 2025

Pacifist traditions

In changing times, young Germans gun for defence sector jobs

Cargo ships outside an oil and gas storage facility at a port in Luanda, the capital of Angola

A fall in prices

Oil under $65 a boon for consumers, but a burden on producers

Nintendo hopes to match the success of the Switch when its levelled-up new console hits shelves Thursday, with strong early sales expected despite the gadget's high price

Less family-focused, more gamer-oriented

Nintendo aims to match Switch success with new console

South Korea will hold its presidential election on Tuesday

False online claims

South Korea election hit by misinformation

CEO and founder of Web Summit Paddy Cosgrave speaks at the opening of the Web Summit Vancouver 2025 tech conference

High-stakes market

Silicon Valley VCs navigate uncertain AI future

A man in Ecuador holds up a shirt with the slogan 'Furukawa, never again,' alluding to a Japanese textile firm found to have abused its workers

Plantation workers

Ecuador apologizes to farm workers deemed to live like slaves

The judge's decision on potential remedies is expected by August 2025

Anti-competitive practices

Google says to appeal online search antitrust ruling

The key OPEC+ members decided to accelerate oil production output, but said it should not cause a plunge in prices

Over three times more than planned

OPEC+ announces sharp increase in July oil production

US President Donald Trump speaks during a visit to US Steel - Irvin Works in West Mifflin, Pennsylvania, May 30, 2025, to mark the deal between Nippon Steel and US Steel

Effective Wednesday, 4 June

Trump says will double steel, aluminum tariffs to 50%

This month in AI news: Google shock the world, OpenAI to release hardware, and AI for State of the Nation address

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