Business & Tech

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Business & Tech

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

Wall Street's main stock indices shot higher at the start of trading with the tech-heavy Nasdaq Composite rising 1.7 percent, but they had trouble holding onto the gains, with the Dow dipping into the red.

Ever-changing position

Stocks advance on US inflation slowing, Ukraine ceasefire plan

Steel is at the heart of US President Donald Trump's new tariffs

From cars to buildings

Steel at heart of new Trump trade war

The consumer price index came in at 2.8 percent last month, down from 3.0 percent in January, government data showed

First full month under Trump

US consumer inflation cools slightly as tariff worries flare

Tank maker Rheinmetall said 'an era or rearmament has begun in Europe that will demand a lot from all of us'

Reducing reliance on United States

German arms firm Rheinmetall seizes on European 'era of rearmament'

The new budget proposed by South African Finance Minister Enoch Godongwana was booed in parliament

Immediately rejected by key party

S.Africa revised budget gets booed despite smaller tax hike

Inditex is 'optimistic' about its growth opportunities 'despite a particularly complex and demanding environment', chief executive Oscar Garcia Maceiras told a press conference

Spanish owned group

Shares in Zara owner Inditex sink despite record profit

The EU responded swiftly to US steel and aluminium tariffs by saying it would retaliate with countermeasures from April 1

EU hits back hard at Trump tariffs to force dialogue

Tank maker Rheinmetall said 'an era or rearmament has begun in Europe that will demand a lot from all of us'

Major growth expected

German arms firm Rheinmetall seizes on European 'era of rearmament'

Activists demonstrate OlimpIA, a chatbot that helps victims of digital sexual violence

From legal advice to emotional support

AI chatbot helps victims of digital sexual violence in Latin America

Chinese AI tool Manus can perform tasks such as booking tickets and sorting resumes

State-of-the-art release

What to know about Manus, China's latest AI assistant

US President Donald Trump and Tesla CEO Elon Musk (L) speak to the press as they stand next to a Tesla vehicle at the South Portico of the White House

A 'truly great American'

Trump talks up Tesla in White House show of support for Musk

After cheering Trump's election, markets have turned more pessimistic this week over fears of recession

Global trade war and cutting jobs

Stock markets extend losses over US tariffs, recession fears

Leonardo boss Roberto Cingolani has sought alliances with other European defence groups since he took up the reins in 2023

Complex geopolitical situation

Italian defence firm Leonardo to boost capacity amid geopolitical risks

The tax cuts in Ghana come as the economic crisis that pushed the debt-laden country towards IMF financing continues apace

Ghana scraps IMF-linked 'nuisance' taxes

Harsh anti-progressive policies in Washington cast a shadow over this year's SXSW, the 37-year-old festival that transforms downtown Austin

37-year-old event

Trump's anti-diversity and immigration stance overshadows SXSW festival

People participate in a protest against Elon Musk outside a Tesla dealership in Pasadena, California on March 8, 2025

Trump says will buy a Tesla to show support for Musk

The two newspapers have taken starkly different lines

French right-wing media's Russia tilt irks Elysee

Volkswagen has struggled with the shift to electric vehicles

Struggling with fierce competition

Volkswagen to navigate another tricky year after 2024 profit plunge

Japanese automaker Nissan said chief executive Makoto Uchida will step down, which follows the failure of merger talks with rival Honda

Failed merger talks with Honda

Struggling Japanese automaker Nissan replaces CEO

Lego chief executive Niels Christiansen told AFP that the toymaker would 'find ways to deal' with any tariffs

Not lying awake at night

Lego posts record profit, CEO shrugs off US tariff threat

Lagos, Nigeria's economic capital, is home to a thriving fintech sector

Long-delayed efforts

Nigeria moves gingerly to tame Africa's biggest crypto market

While Elon Musk enjoys Donald Trump's confidence, polling shows he is deeply unpopular among ordinary Americans

South Korea's Kia denies responsibility for anti-Musk ad

The LA wildfires have dealt a multi-billion-dollar hit to the insurance industry

Los Angeles wildfires cost Lloyd's of London $2.3 bn

The Amadea, a superyacht that belonged to Russian billionaire Suleiman Kerimov and was seized by the US authorities, may be headed to the auction block

$300 million vessel

Russian oligarch's superyacht could be auctioned in US

US stock markets took a battering over recession fears

Slipping back into deflation

Stock markets plunge on US recession fears

After Elon Musk bought Twitter in late 2022 he gutted the staff, raising concerns about the safety and stability of the platform he has renamed X

40,000 people reporting outages

Musk says X hit by major cyberattack

UBS and its French subsidiary were also definitively convicted of having set up a system of massive tax evasion between 2004 and 2012

UBS fined 75,000 euros in France for harassing two whistleblowers

Video game giant

Former Ubisoft bosses on trial in France accused of sexual harassment

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