Business & Tech

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Business & Tech

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

Revenue surpassed 50 trillion won for the first time in a single quarter, while operating profit nearly doubled compared to the previous three-month period

Thanks to AI demand

Value of chip giant SK hynix joins Micron to top $1 tn

The prospect of a strike had sparked concerns in South Korea, where Samsung Electronics accounts for around 12.5 percent of GDP

$370,000 per year

Samsung workers approve bonus deal after big AI profits

Kerosene shortage

Will holiday departures from Findel be disrupted this summer?

People walk past a Galeries Lafayette mall, with posters advertising new season collections, a day before it closes, in Beijing on May 26, 2026

Shifting consumption practices

Frugal and more online: smarter spenders rewrite luxury's China dream

Taiwan is a powerhouse in the manufacturing of semiconductors used to train and power artificial intelligence systems

'Epicenter of the AI revolution'

Nvidia to boost spending in Taiwan to $150 bn a year

Vegetable seller Tofan Jena undergoing a free eye test at GoodVision India – Care Netram charity's screening camp in the Salia Sahi slum area of Bhubaneswar

Closing the eyecare gap

Low cost glasses help India's poor see a better future

The IMF estimated in 2024 that more than two-thirds of British workers perform tasks that AI could potentially carry out

Flexible, fast, and cheap

'My job is going': UK workers squeezed out by AI

'Shaping the future'

Ferrari unveils 'Luce', its first fully electric car, in a tough market

Vice President JD Vance and the Vatican have sparred over migration policy, with Pope Leo condemning the White House's policy on mass deportations

Despite close ties to tech

Vance hails Pope Leo's AI encyclical as 'profound'

A Leopard 2 A8 tank made by KNDS

16 percent increase

As IPO nears, arms maker KNDS reports booming profits

James Bond game "First Light" is released this week

Resurgence in pop-culture sagas

Video games turn to classic films to woo middle-aged millenials

Jonathan Andic, seen here at his arrest, called the claim he had murdered his billionaire father 'serious, unjust and unfounded'

'Biased, distorted' narrative

Mango founder's son says accusation he killed his father 'unfounded'

The Paris Mint was to 'democratise the gold market' with the new Marianne coins

'Democratising the gold market'

Au so chic: Paris Mint to issue first solid-gold coins in a century

Ukrainesch Zaldote bei enger Simulatioun vu Krichskonditiounen den 20. Mee 2026 zu Lviv.

Why drones have become the defining weapon of war

Starbucks Korea revealed on Tuesday a series of mishaps leading to its heavily criticised "Tank Day" promotion

'Lacked sensitivity'

Starbucks Korea reveals series of mishaps leading to 'Tank Day' campaign

Leo has denounced the race for AI in the military field

'Magnifica Humanitas'

Pope urges 'disarming' of AI in major manifesto

Former chairman of Seven & i Holdings Toshifumi Suzuki is known for opening the first 7-Eleven store in Japan in 1974 and growing the business into the world's largest convenience store chain

Toshifumi Suzuki, 'father' of Japan convenience stores, dies at 93

Singapore is a big producer of the memory chips used in AI data centres

AI data centres

AI chip demand drives 6% growth for Singapore in first quarter

The rise of AI to plan and book travel will force hotels to make themselves visible when people describe what type of room they would like

'It's a big change'

Hotels strive to be found as AI models conduct travel search

A handout showing Pakistan's Asim Munir arriving in Tehran

Stocks gain, oil higher as investors weigh Mideast peace prospects

German businesses were more optimistic in May despite the Iran war energy shock

Ifo confidence barometer

German business morale rises for first time since Iran war

Amazon offices in Kirchberg.

'Strategic hub for European operations'

Amazon claims €750m contribution to Luxembourg GDP in 2025

Samsung semiconductor employees are expected to receive around $337,000 under the new deal

Planned 18-day strike avoided

Samsung union to start vote on tentative wage deal

Customers look at fresh food in a supermarket in Tokyo on May 22, 2026

As further measures considered to drive down costs

Japan inflation slows more than expected in April

California Governor Gavin Newsom, who is widely expected to be a Democratic Party candidate for president in 2028, has ordered agencies to start working on a plan to deal with the job-killing effects of AI

To mitigate job-destroying impact

California governor orders a plan to cope with AI job upheaval

Shares of Nvidia fell despite strong quarterly results

Conflicting headlines

US stocks end volatile session higher as oil prices retreat

Pedestrians walk past an electronic quotation boards displaying the Nikkei Stock Average on the Tokyo Stock Exchange along a street in Tokyo on May 21, 2026

Following US upward trend

Oil gains, European stocks down on uncertain Mideast peace prospects

The company had warned in January of a financial impact from its reorganisation

Ubisoft shares plunge after grim annual results

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