Business & Tech

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Business & Tech

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

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

Higher jet fuel prices caused by the Middle East war will likely weigh down Air France-KLM's annual fuel bill by an additional third

Higher fuel prices

Air France-KLM trims 2026 outlook over Middle East war impact

Volkswagen is facing intense competition in China, particularly for electric vehicles

Fundamental changes

Volkswagen warns of more cost cuts as profits plunge

The war in Iran has sent jet fuel prices skyrocketing

Amid relief talks

Nigerian airlines avert shutdown as Mideast war hikes fuel prices

The expansion was driven by growth in exports as well as higher consumer and government spending

Iran war impact

German growth beats forecast but energy shock looms

Rolls-Royce supplies engines to the world's biggest aircraft manufacturers Airbus and Boeing, leaving it exposed to severe air travel disruptions in the wake of US-Israeli attacks on Iran on February 28

'Uncertainty for the industry'

Rolls-Royce confident on profits despite Mideast war disruption

France's economic growth stalled in the first quarter

French economy records zero growth in first quarter

Samsung Electronics posts record quarterly profit on AI boom

Soaring profits

Samsung Electronics posts record quarterly profit on AI boom

Meta chief executive Mark Zuckerberg says he is looking to build the kind of artificial intelligence agent that he'd feel good about giving to his mom

'We are trying novel things'

Meta chief Zuckerberg doubles down on AI spending

Shares in UBS jumped after it reported better-than-expected earnings in the first quarter

'Excellent 1st quarter results'

UBS first-quarter profits jump 80% on investment banking

Like other carmakers, Mercedes is struggling to compete with low-cost competitors in China

'Intense competition'

Mercedes warns longer Mideast war could cause shortages

Kone's takeover of TKE is Finland's largest ever acquisition

€29.4 billion

Finnish lift maker Kone acquires German rival TKE, creating giant

Adidas warned of heavy discounting, particularly for footwear

Quarterly profits increase

Adidas reports higher profits but warns of 'volatile' climate

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