Business & Tech

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Business & Tech

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

An Xpeng G6 electric car at the opening of their second flagship store in Hong Kong on March 21, 2025

'Large economic impact'

EU tariffs not a deterrent, says Chinese EV maker XPeng

Several Tesla dealerships have been vandalized in apparent protest at Elon Musk's role in the US government

Trump suggests Tesla vandals be jailed in El Salvador

Heathrow handles more than than 80 million passengers a year and the operator says there are around 1,300 takeoffs or landings a day

Europe's busiest airport

London's Heathrow airport closed after fire causes major power cut

Government subsidies for electricity and gas fees contributed to the easing in the pace of inflation

World's fourth-largest economy

Japan core inflation slows to 3% in Feburary

US President Trump gestures as CEO of Open AI Sam Altman speaks at the White House in January

To loosen rules

Trump's call for AI deregulation gets strong backing from Big Tech

BYD plans to launch its small format Seagull, to be renamed the Dolphin Surf in Europe around the middle of the year

Rival continental brands

Chinese electric car maker BYD aims for Europe boost

Wall Street stocks wobbled despite the Fed trying to calm fears over President Donald Trump's tariffs

Central Bank slashes growth outlook

Stocks fall, oil prices rise in choppy trade after Fed decision

'Careless People: A Cautionary Tale of Power, Greed and Lost Idealism,' which criticizes Meta, was released on March 11

Author banned from promoting work

Explosive Meta memoir tops US best-seller list

US President Donald Trump (R) with Tesla CEO Elon Musk (L) and a Cybertruck at the White House

Over 46,000 vehicles

Embattled Tesla recalls Cybertrucks over risk of panel detachment

The engraved facade of the Swiss National Bank headquarters in the capital Bern

'High uncertainty'

Swiss cut rates again over global economic 'uncertainty'

Jayson Tatum of the Boston Celtics, who are reportedly being sold for $6.1 billion

Private equity firm buys franchise

NBA's Celtics sold for record $6.1 bn: Boston Globe

Sales of existing homes in the United States rose 4.2 percent in February to an annual rate of 4.26 million, said the National Association of Realtors

US existing home sales beat expectations in February

Among the US products set to be targeted were bourbon, boats and motorbikes

International trade

EU says delaying tariffs on US goods two weeks to mid-April

The Bank of England warned of 'a lot of economic uncertainty' caused largely by US President Donald Trump's tariffs

Bank of England

BoE warns on 'economic uncertainty' as rate held

The distillation tanks of Sudan's biggest oil refinery lie blackened on the ground after it became a battleground in the devastating war between the country's rival generals.

Relying on imports

Battle for Khartoum wrecks key Sudan oil refinery

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

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