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.

With their successive production hikes this year, the key members of OPEC+ are aiming to boost market share

Group seek greater market share

OPEC+ further hikes oil output

Canada's Prime Minister Mark Carney said he will propose an ambitious budget to reform his country's economy

'Bold risks' are needed

'Swing for the fences': Carney promises bold budget as US threat grows

Shein announced in October it intended to set up shop in a prestigious department store in central Paris

'Difficult to doubt'

French fraud watchdog reports Shein for 'childlike' sex dolls

The European auto lobby ACEA warned last month that production would be seriously hit

'Improper intervention'

China to exempt some Nexperia chips from export ban

Canada's Prime Minister Mark Carney welcomed a reset in ties with China

Canada PM says Xi talks 'turning point', apologises to Trump

Well-established trade networks helped Latin America mitigate the impact of US President Donald Trump's tariffs, CAF president Sergio Diaz-Granados says

'Less than expected'

Latin America weathered Trump tariffs better than feared: regional bank chief

A general view of Bangladesh's Chattogram port, which UAE-based DP world has expressed interest in operating

Operating licences

Bangladesh dockers strike over foreign takeover of key port

Panama has won an arbitration with Spanish company Sacyr over the expansion of its famed canal

Violation of free trade agreement

Panama wins canal expansion arbitration against Spanish company

Copper refinement in action, in a Montreal, Canada

'Strategic necessity'

G7 says it's 'serious' about confronting China's critical mineral dominance

Concerns about SNAP drove volunteers to replenish food banks at the USDA Headquarters, in the National Mall, Washington

Ongoing budget deadlock

Food stamps, the bulwark against hunger for over 40 mn Americans

Amazon shares soared more than 11 percent as trading got underway on Friday after it reported better-than-expected earnings,driven by surging demand for its cloud computing services

Better-than-expected earnings

Wall Street stocks rebound on Amazon, Apple earnings

Kansas City Fed president Jeff Schmid said he saw the bank's current interest rate policy as being only modestly restrictive

US Fed official backed rate pause because inflation 'too high'

The SNB reported a profit of $15.7 billion in the first three quarters of the year

Rising stock markets

Swiss central bank profits boosted by gold price surge

Chevron CEO Mike Wirth said the company's security and intelligence staff was monitoring the situation in Venezuela

Profits dip at ExxonMobil, Chevron on lower crude prices

This is not the first time Lithuania has closed border crossings with Belarus in respons to 'hybrid attacks'

In response to airspace disruptions

2,000 trucks stuck in Belarus after Lithuania closes border: association

Lecornu expressed his 'profound disagreement' with the wealth-tax proposal

2% on mega-rich

French lawmakers reject wealth tax proposal in budget debate

The controls on rare earths have rattled markets and disrupted supply chains

Easing restrictions

China's suspension of rare earth controls applies to EU: official

The euro is up 11 percent against the dollar since the start of the year

Hurting exports

Italy complains about strong euro, urges ECB to cut rates

Meta is loading up on debt to fund its efforts in the breakneck race of AI development

Expensive endeavour

AI giants turn to massive debt to finance tech race

The arrival of the Asian clothing giant has been opposed by French politicians, unions, and fashion brands

Controversial fast-fashion seller

Shein set to open first physical store in Paris

Nvidia founder and CEO Jensen Huang met South Korean President Lee Jae Myung as the US tech giant said it would supply 260,000 of its cutting-edge chips to the country

Nvidia to supply 260,000 cutting-edge chips to South Korea

This month in AI news

$20,000 in-home humanoid robot released, OpenAI's internal financial project, and self-learning AI

Trinidadian fishermen told AFP Venezuelan patrols have been violently repelling their boats, and beatings and extortion have increased

Rising tensions

Caught between Venezuela and US, Trinidad fishermen fear the sea

Amazon Web Services saw revenues jump 20 percent in the third quarter as companies race to build AI capabilities

Sales rose by 13%

Amazon shares surge as AI boom drives cloud growth

Apple chief executive Tim Cook says the company is continuing to invest in imbuing its products and service with artficial intelligence

Powered by new iPhone

Sales of 'services' help Apple beat earnings forecasts

Trump and Xi held talks in South Korea

Closely watching

Stocks mostly fall as investors digest Trump-Xi talks, earnings

Saudi capital Riyadh hosted the Future Investment Initiative conference featuring heads of state and members of the global business elite

Powered by sovereign wealth fund

Saudi chases AI ambitions with homegrown firm pitched to global investors

A rare earths mine in Mount Weld in Western Australia

G7 to launch 'alliance' countering China's critical mineral dominance

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