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 Old Ivy House pub in London has introduced Guinness ration cards amid a UK shortage of the beer

'Guinnfluencers'

Black day? Guinness runs dry in UK pubs amid online craze

Chinese companies have been consolidating their position in the lesser-watched trucking scene

World-leading industry

Chinese firms take on EV truck challenges

Changing mindset

Rare foreign-born CEO says Japan needs immigration to thrive

Fed Chair Jerome Powell has said he does not plan to step down before his current term ends in 2026

US Fed expected to cut rates in last meeting of Biden era

A young man holds a Syrian independence flag in a shopping mall near Sarmada, in the northern province of Idlib

A whole new world

Shopping spree in Syria's former rebel heartland

Investors will be listening for hints about future rate hikes after the Fed's meeting next week

Global stocks pressured ahead of Fed decision

Prosecutors said the settlements marks the first time a management consulting firm has been held criminally responsible for advice resulting in commission of a crime by a client

Public health crisis

McKinsey to pay $650 mn to settle US criminal case on opioids

Delegates look at the Global Combat Air Programme (GCAP) 6th generation fighter jet concept design at the Farnborough International Airshow 2024

UK, Italy, Japan to develop next-generation fighter jet

Harrods' staff will strike on some of the busiest retail days of the year

Days before Christmas

Staff at UK luxury store Harrods vote to strike

Moldova faces blackouts as Russian gas supplies may be cut

60-day precaution

Moldova declares emergency ahead of expected Russia gas cuts

The German car industry -- a key sector of the economy -- is also in turmoil as VW plans to shutter factories at home for the first time

Sharply downgraded

German central bank cuts growth forecasts as headwinds intensify

UK's Royal Mail has been fined over delivery delays

More controversy

UK's Royal Mail hit with fine by regulator over delivery delays

Blow to Labour party

UK economy unexpectedly shrinks again in October

The Virgin Galactic SpaceShipTwo space plane Unity and mothership flies above Spaceport America, near Truth and Consequences, New Mexico on July 11, 2021

Virgin Galactic eyes possible expansion into Italy

The European Central Bank cut its interest rates for a third straight time as widely expected

Rate cuts fail to spur European stocks

Google says that its Gemini artificial intelligence is being infused in an Android XR operating system that will put digital assistant capabilities into smart eyewear

With new Gemini 2.0

Google renews push into mixed reality headgear

European Central Bank President Christine Lagarde said the beleaguered eurozone was 'losing momentum'

Fourth time this year

ECB cuts rates again, Lagarde says eurozone 'losing momentum'

The SNB rate cut sent the Swiss franc falling 0.3 percent against the dollar and the euro

Unexpectedly large

Swiss central bank announces big rate cut to boost economy

Korean Air said it paid $1 billion for the stake in rival Asiana

Korean Air buys majority stake in rival Asiana Airlines

A new Australian scheme would slap a tax on Google and other major tech platforms that will be earmarked to pay for news

Public interest journalism

Australia to force tech titans to pay for news

View of Uyuni, the world's largest salt flat, in southern Bolivia, on November 9, 2016

Rechargeable batteries

Lithium-rich Bolivia lags behind in race to mine key metal

The US inflation rate ticked higher in November but was in line with expectations

Uncertainty persists

Nasdaq surges above 20,000 after US inflation data matches estimates

Google, ChatGPT-maker OpenAI, Meta and Amazon are furiously taking steps to release more powerful AI models despite their immense cost and some questions about their immediate usefulness to the broader economy

Advanced artificial intelligence

Google unveils latest AI model, Gemini 2.0

US officials are set to meet their Chinese counterparts soon, before President-elect Donald Trump returns to the White House

Two largest economies

US-China officials to hold economic talks before Trump return

'After the war, we will see growth rates and development opportunities in Ukraine,' said Scholz

Germany's Scholz urges investment in 'future EU member' Ukraine

The Bank of Canada has lowered its key lending rate in a bid to help a slowing economy

To aid a slowing economy

Canada central bank makes half point rate cut to 3.25%

Inflation is on the rise in the United States as President Joe Biden prepares to hand over to Donald Trump

Driven by food, housing prices

US consumer inflation accelerates for second straight month in November

Albertsons announced it was terminating its proposed $25 billion deal with Kroger and suing its former partner for breach of contract

Supermarket mega-merger

Food fight: $25 bn US grocery deal falls apart

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