Business & Tech

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Business & Tech

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

The court case spotlights a broader debate about whether AI should ultimately benefit the privileged few or society as a whole

Core arguments largely unaddressed

Musk loses blockbuster OpenAI suit as jury says too late

The Middle East war has sent energy prices climbing

Oil rises, global stocks mixed as markets track Iran developments

French Finance Minister Roland Lescure, left, greeting US Treasury Scott Bessent in Paris on Monday

Two-day Paris talks

G7 finance chiefs meet to seek common stance on unstable ground

The government-run cargo and passenger vessel MV Kalighat sails across the waters at Teressa island in Nicobar

2,500km from mainland

India's lifeline ferry across strategic archipelago

The Middle East war has unleashed a deluge of AI-generated visuals on X

Muddying the waters

He said, she said, AI said: Wall Street sex scandal rivets and confounds

Three weeks of intense hearings

Four takeaways from Musk vs OpenAI trial

OpenAI CEO Sam Altman was in the front row of the courtroom on Thursday, May 14, 2026 as lawyers presented their closing arguments in the case pitting Elon Musk against OpenAI

Founding mission abandoned?

Jury to decide fate of Musk's blockbuster suit against OpenAI

Air China is one of the Chinese airlines that buys aircraft from Boeing

With possibility for more

Boeing confirms China commitment to buy 200 aircraft

US President Donald Trump has not commented publicly about Taiwan since arriving in Beijing for a summit with Chinese leader Xi Jinping

Worries about sustained inflation

Stocks tumble as US-Iran impasse fuels inflation fears

The German economy faces huge headwinds, from an industrial slump to US tariffs

Lower production in key sectors

Energy-hungry German industries in decline since Ukraine war: data

(L-R)US Designer Marc Jacobs, media executive Anna Wintour and LVMH CEO Michael Burke at the designer's runway show in New York earlier this year

Expected to be finalised by EOY

LVMH sells Marc Jacobs to WHP Global, which will form partnership with G-III

Montreal-based Joelle Pineau joined Cohere last year after nearly eight years leading Meta's Fundamental AI Research lab

One question: can it make money?

Canada's Cohere embraces 'low drama' amid AI giant tumult

OpenAI CEO Sam Altman was in the front row of the courtroom on Thursday, May 14, 2026 as lawyers presented their closing arguments in the case pitting Elon Musk against OpenAI

Three-week trial

Closing arguments in blockbuster trial pitting Musk against OpenAI

US President Donald Trump (L) takes part in a welcome ceremony with China's President Xi Jinping at the Great Hall of the People in Beijing

Persistent inflation concerns

Tech stocks rally rolls on as US-China talks underway

Jaguar Land Rover, like other automakers, suffered last year when the United States slapped tariffs on imports, which led the automaker to halt delivery of vehicles to the country in April

US tariffs, cyberattack drive Jaguar Land Rover into loss

Ferretti builds luxury yachts under a series of brands including Riva, Pershing, Wally and Itama at seven shipyards in northern Italy

Shareholders approve

China's Weichai wins battle for Ferretti yacht maker

423.9 billion yen

EV overhaul drags Honda to first operating loss since 1957

The current crisis differs considerably from the 1973 oil shock, not least because most countries have emergency stocks

Nations drawing down oil stocks at record pace: IEA

Alibaba has seen its core e-commerce business squeezed by price wars and sluggish consumption in China

Sluggish domestic consumption

Chinese tech giant Alibaba posts profit drop amid AI drive

SoftBank is advancing its push to build AI data centres, announcing plans in March for a major new gas-fired power plant in the US state of Ohio to supply them with energy

OpenAI investor

SoftBank profit quadruples to $32 bn on AI investments

Video game giant Tencent, one of China's top AI players, is competing with major rivals such as Alibaba and ByteDance

21 percent jump

China tech giant Tencent sees Q1 profit jump after AI bets

Nissan is being squeezed by US tariffs, the Middle East war and fierce competition from Chinese rivals

$3.4 billion in the red

Nissan expects return to profit after huge loss

A massive corruption scandal in Malaysia saw top officials loot billions from state fund 1MDB

Fugitive financier sought in Malaysian fund scandal seeks Trump's pardon

Human Rights Watch warns

Gig work treaty must ensure fair pay and conditions

Preparatory tripartite talks

Iran war could trigger three wage indexations by 2027

The White House recently accused Chinese entities of "industrial-scale" efforts to steal US technology on artificial intelligence

Concerns around arms race

AI rivalry overshadows push for guardrails at Xi-Trump talks: experts

Some people have described 'spiralling' into delusion while using ChatGPT, a phenomenon mental health experts are racing to understand

'I applied to be pope': Losing grip on reality while using ChatGPT

Hollywood is fretting over the possible impact on the movie industry if the Paramount bid for Warner Bros. is approved

Actors and directors oppose merger

Paramount defends Warner bid amid California probe

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