Business & Tech

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Business & Tech

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

Trump has threatened to impose 200 percent tariffs on wine, champagne and alcoholic products from European Union countries

Hard to swallow

Trump's champagne threat brings fear and denial to French region

The UniCredit-Commerzbank saga began in September when the Italian lender revealed it had built up a stake in its rival

Possible takeover

UniCredit gets ECB nod on Commerzbank stake, but delays merger decision

BMW joins other German automakers in reporting sharply lower profits amid a choppy transition to electric vehicles and slowing demand in key market China

German carmaker

BMW expects big hit from tariffs after 2024 profits plunge

France's Finance Minister Eric Lombard said he would visit the United States 'in the coming days'

French finance minister calls trade war 'idiotic', plans US trip

Taiwanese tech giant Foxconn reported a lower-than-expected net profit for 2024, although demand for its artificial intelligence servers remained robust

Largest contract electronics manufacturer

Taiwan tech giant Foxconn's 2024 profit misses forecasts

Britain's economy shrank in January, piling more pressure on the Labour government

Pressure mounts on Starmer

UK economy unexpectedly shrinks in January in blow to govt

The Rubaya coltan mine generates around $800,000 in revenue each month for the Rwanda-backed M23

Mineral rich area

East DR Congo mines mint Rwanda-backed M23's fortune

Meta's chief executive Mark Zuckerberg announced 'Community Notes' in January as he appeared to align himself with the incoming Trump administration

Meta tests 'Community Notes' to replace fact-checkers

Diplomats at the G7 meeting in Charlevoix, Canada on March 13, 2024

Rubio at the centre

Canada rallies against Russian 'aggression' as new US tone splits G7

The Senate is set for an evening vote on the package passed by the Republican-led House of Representatives

As soon as this weekend

All eyes on Democrats as US barrels toward shutdown deadline

Champagne could be a lot more expensive for American consumers if US President Donald Trump makes good on a threat to impose hefty tariffs on wine and other alcoholic beverages from the European Union

Retaliation to European levies

Trump threatens huge tariffs on European wine, spirits

The United States is reportedly weighing options to fulfill President Donald Trump's wish to 'take back' the Panama Canal, but the government in Panama said it remains 'firm' in defending its territory

Defending sovereignty

Panama 'firm' on canal as US reportedly weighs options

US President Donald Trump threatened another round of tariffs, this time targeting wines and liquor from EU countries

Stock markets tumble as Trump targets booze

French wine risks staying on the rack in US stores after Trump's tariff threat

200 percent tariff

Trump tariff threat leaves sour taste for European drinks producers

The Stena Immaculate tanker was chartered by the US military and carrying thousands of barrels of jet fuel

59-year-old Russian

UK salvage teams board North Sea crash vessels

EU Commission chief Ursula von der Leyen is in Cape Town for the South Africa-European Union summit

Ursula von der Leyen

EU 'open for negotiations' after latest Trump tariff threat

Rising food prices are causing consumer anger in Sweden

Highest rate in two years

Sweden to hold talks on countering soaring food costs

Germany's likely next leader Friedrich Merz is seeking to push spending plans rapidly through parliament

Urgent action needed

Germany's Merz urges MPs to back spending bonanza in fiery debate

US Energy Secretary Chris Wright (R) speaks with the vice-chairman of S&P Global Daniel Yergin, in the framework of the Ceraweek by S&P Global energy conference in Houston, Texas

Diminishing reliance on Russia

EU, US eye greater energy ties amid Trump frictions

The draft resolution encourages the European Union to use the frozen Russian assets 'to support the Ukrainian resistance and reconstruction of Ukraine'

French lawmakers pressure government to seize Russian assets

Rakhmon (L) and Japarov agreed to open their shared border, swap land and resume air links

Following three decades of conflict

Kyrgyzstan, Tajikistan sign border deal to boost regional stability

Media reports suggest the raids are linked to Chinese tech giant Huawei and its activities in Brussels since 2021

'Under guise of commercial lobbying'

Belgium carries out raids in EU parliament corruption probe

Iraq engineer Saad Jassem is a top official at the ministry of electricity

New government directives

Iraq says seeking alternatives to Iran gas

Deliveroo has tens of thousands of self-employed riders -- a status that continues to cause controversy

Food app Deliveroo delivers first annual profit

'We are going to invest in Japan,' said Alimentation Couche-Tard President Alex Miller (C)

Seeking 'friendly' solution

Couche-Tard bosses make case in Tokyo for 7-Eleven buyout

The Canadian and US flags fly near the countries' border in Blackpool, Quebec, Canada

Reality or fever dream?

Trump's Canada fixation: an expansionist dream

Intel's newly appointed chief executive Lip-Bu Tan told employees at the US chip company that he will be engineering focused and drive to 'leapfrog' competitors ahead of it

'Calculated risks' needed

Struggling Intel names industry veteran Lip-Bu Tan as CEO

Trump threatened further escalation of his trade war after countries pledged to react to his tariffs on steel and aluminum

Increasing hostility

US trading partners hit back on steel, aluminum tariffs

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