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.

‘Full self-driving'

RTL tests Tesla’s system on Amsterdam roads

A new crop of European social media apps want to find room in a crowded market dominated by established American and Asian apps

'Perfect timing'

European minnows bid to challenge social media giants

The partnership between Leapmotor and Stellantis could deepen with Leapmotor taking over a Stellantis factory in Spain

Selling factories to Chinese partners: risky road for European carmakers

Porsche suffered hefty losses after hitting the brakes on its electric transition

Profits collapsed

German sports car maker Porsche to cut 500 jobs

The US-Israeli war with Iran and the closure of the Strait of Hormuz have sent aviation fuel prices soaring and raised the spectre of shortages during Europe's peak travel season

'Not there yet'

EU opens door to using US jet fuel as shortages loom

Japanese auto giant Toyota forecast a 22-percent fall in net profit in the year to next March

Forecast 22% fall in net profit

Toyota sees profit drop as US tariffs, Mideast bite

The case argues that Google favoured its own display advertising services while excluding its rivals

Accused of abusing its dominance

Google faces new UK lawsuit over online display ads

Rheinmetall sees faster growth in 2026 after record earnings last year

German Naval Yards

Defence giant Rheinmetall makes offer for further shipyard

A public listing would open SpaceX to a broader and more diverse pool of investors, including individual buyers, while giving existing shareholders an easier path to cash out and realize substantial capital gains

Massive AI expansion

Musk's SpaceX strikes data center deal with Anthropic

The surge in oil prices since the war began have fanned concerns about a fresh spike in inflation

Oil prices tumble, stocks rally on Mideast peace hopes

The European Union in January proposed banning foreign telecoms equipment-makers over network access concerns that could pose risks to national security

Potential huge losses

EU risks financial hit if Chinese suppliers forced out: trade group

Philips is turning the page on its sleep machine scandal

Philips profits double in first quarter

The price of vacuum cleaners and vapes could rise even more if the Iran war drags on much longer, Chinese factory owners and traders warn

'Mutual state of decline'

Iran war jolts China's well-oiled manufacturing hub

Markets appeared reassured by comments from US Defense Secretary Pete Hegseth that the US was 'not looking for a fight' in the Strait of Hormuz

As tensions spike

Stocks rise, oil falls as traders eye earnings, US-Iran ceasefire

Discussion of the repercussions of the Middle East war is expected to dominate an informal session on Tuesday

G7 trade ministers meet, not expected to discuss US tariff threat

Emmanuel Moulin was until recently the president's chief of staff

Emmanuel Moulin

France's Macron taps ex-aide to head central bank

VodafoneThree was formed last year by a meger between Vodafone UK and Three, the UK division of CK Hutchison, creating Britain's largest mobile operator in terms of customer numbers

Vodafone to take full ownership of UK mobile operator

The US trade gap rose 4.4 percent to $60.3 billion in March, government data shows

Oil prices surge

US trade gap widens in March as AI spending boosts imports

OpenAI president Greg Brockman and wife, Anna Brockman, leave the Ronald V. Dellums US Courthouse in Oakland

Stakes are high

OpenAI co-founder under fire in Musk trial over $30 bn stake

UniCredit is already the leading shareholder in Commerzbank with a stake of 25 percent

€35 billion bid

UniCredit raises capital ahead of Commerzbank takeover bid

US video game retailer GameStop is making a takeover bid to buy eBay for about $56 billion

Potential competitor to Amazon

GameStop makes $56 billion takeover bid for eBay

Spirit Airlines, which began operating flights in 1992, was known for its yellow-colored planes and low-budget offerings

Financial struggles

Spirit Airlines begins 'wind-down', cancels all flights

A trade pact between the United States and European Union had lowered US auto tariffs to 15 percent previously

Starting next week

Trump says will raise US tariffs on EU cars to 25%

ExxonMobil Chairman and CEO Darren Woods said oil supplies have been buttressed by commercial inventories and releases of government stockpiles -- but that oil prices could go higher if the Strait of Hormuz stays closed

Iran war fallout

ExxonMobil CEO sees chance of higher oil prices as earnings dip

'AI Factory' launch

'Innovation no longer an option, but a necessity', says Economy Minister

In a statement, Spotify said its operations complied with 'all applicable laws'

'Verified by Spotify'

Spotify rolls out badge to distinguish human artists from AI

Apple CEO Tim Cook will step down later this year, taking a position atop the board of directors

Best start ever

Apple earnings beat forecasts on iPhone 17 demand

Elon Musk leaves the courtroom at the federal courthouse in Oakland

California trial

Musk grilled on AI profits at OpenAI trial

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