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.

CK Hutchison this month offloaded its global ports business outside China -- including operations in the Panama canal -- to a group led by giant asset manager BlackRock for $19 billion in cash

Caught in a US-China spat

Hong Kong's embattled CK Hutchison says profits down in 2024

A newly planted canola field near Davidson, Saskatchewan, Canada in May 2023. Farmers are wavering on what to plant now after major buyer China slapped tariffs on Canadian canola

Caught in the crossfire

Canada canola farmers squeezed by trade wars on two fronts

The fresh tariffs come as both Canada and China face deepening trade tensions with the US, which under President Donald Trump has rolled out blistering new tariffs

'Devastating impact' on farmers

Chinese tariffs on Canadian agricultural products kick in

Nvidia CEO Jensen Huang remembers the time the Silicon Valley chip maker was known for graphics processing units coveted by PC video game lovers as the 'good old days' saying it now builds large-scale artificial intelligence infrastructures

Nvidia chief confident chip maker can weather US tariffs

Milei's small libertarian party is in a minority in Congress but has formed ad hoc alliances to push through its cost-cutting agenda

Already owes $44 billion

Argentina's Milei wins Congress green light for new IMF loan

Investors are waiting for updated rate cut projections and views about the impact of US President Donald Trump's trade war

US stocks climb after Fed decision, gold hits fresh high

US Federal Reserve Chair Jerome Powell said economic uncertainty was 'unusually elevated'

US Fed flags rising economic uncertainty and pauses rate cuts again

Kazakhmys is the world's 20th largest producer of copper concentrate

At its production facilities

Kazakhstan copper producer pauses some operations after deadly accidents

The EU accused Google parent Alphabet of treating its services more favourably in search results

EU skewers Google, Apple over tech rules -- despite Trump threats

UniCredit says it is in no rush to decide whether or not to take over Commerzbank

UniCredit CEO says prepared to wait on Commerzbank decision

The continued shift towards online banking will see Santander shut a fifth of its UK branches

750 jobs at risk

Santander to close one fifth of UK branches amid online switch

French tycoon Vincent Bollore has been accused of illegally obtaining then benefitting from port concessions in Africa

Corruption complaints

French billionaire Bollore targeted in fraud case over Africa ports

Donald Trump's sacking of two Democrats on the US Federal Trade Commission would appear to open the door for the president to appoint loyalists at what is meant to be an independent agency

Remaining Democrats fired

Trump purges Democrats from US Federal Trade Commission

Chinese internet and gaming giant Tencent's 2024 fourth-quarter profit surged 90 percent as it accelerates a push into artificial intelligence

Profits surge 90%

China's Tencent sees profits surge as AI drive accelerates

The Bank of Japan kept interest rates unchanged, warning about the economic outlook

Bank of Japan holds rates and warns of trade uncertainty

Ever-improving generative artificial intelligence tools have become weapons in the hands of bad actors

Ever more convincing

Tech firms fight to stem deepfake deluge

Annie Clemmons, owner of online bakery Chapman's DC, decorates an eggless pavlova in the ghost kitchen she uses for her business in Silver Spring, Maryland

In US, a pastry chef attempts to crack an egg-free menu

A complex web of contractors, terminal tenants and airlines all coordinate with the Port Authority New York-New Jersey which oversees every aspect of the project

'Organized chaos': $19bn airport megaproject takes shape in cramped NY

Malaysia's signing of a major deal with British chip giant Arm this month was the latest step towards achieving the country's goal of producing its own top-end chips

Malaysia's Silicon Valley ambitions face tough challenges

The Bank of Japan is widely expected to keep interest rates unchanged in a Wednesday policy decision

Tariff trade uncertainties

Bank of Japan expected to hold rates

US Treasury Secretary Scott Bessent said Washington will produce a list of other countries' tariffs on April 2, when reciprocal levies are due to be unveiled

Will produce list of levies

US to produce tariff 'number' for countries on April 2: Bessent

The approval of the German spending plan is a big win for Germany's chancellor-in-waiting Friedrich Merz

Geopolitical tensions buffet markets as gold hits record

A Canadian sailor peers over a ridge as a team from the Canadian Navy test thermal imaging drone capabilities in Arctic environments, during Operation Nanook, the Canadian Armed Forces' annual Arctic training and sovereignty operation, in Inuvik, Northwest Territories in February 2025

Defence priorities

Canada PM Carney announces deal with Australia to boost Arctic radar

Siemens says demand in China and Germany is muted

Due to weak demand

Germany's Siemens to cut over 6,000 jobs worldwide

The Wiz transaction is the largest ever sought by Google or parent Alphabet

Rise of AI critical

Google says to buy cybersecurity company Wiz for $32 bn

Europol painted a dark picture of how criminals are using advanced tech

AI 'reshaping' organised crime, warns Europol

BYD has unveiled a new battery and charging system, called 'Super e-Platform', that allows cars to travel up to 470 kilometres (292 miles) after being plugged in for just five minutes

Outpacing Tesla

China EV giant BYD soars after 5-minute charging platform unveiled

The business empire of Hong Kong's richest man, Li Ka-shing, sold its Panama Canal port operations to a US-led consortium following pressure from US President Donald Trump

Sold to CK Hutchison

Hong Kong leader says concerns over Panama ports deal warrant 'attention'

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