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.

Nationalisation brings British Steel back into government ownership for the first time since 1988

Full public ownership

UK nationalises struggling British Steel

Founded in 2011, Delivery Hero now operates in over 60 markets and is one of the world's biggest food delivery groups

Operations across 60 markets

Germany's Delivery Hero agrees 12.7-bn-euro takeover by Uber

TSMC's net profit for April to June surged 77.4 percent year-on-year to NT$706.6 billion (US$22 billion), smashing analyst estimates of NT$624.4 billion

Following record profits

Taiwan chipmaker TSMC to invest another US$100 bn in Arizona fabs

TSMC's net profit for April to June surged 77.4 percent year-on-year to NT$706.6 billion (US$22 billion), smashing analyst estimates of NT$624.4 billion

Fuelled by massive demand

Taiwan chipmaker TSMC reports record quarterly profit

Shares of Apple rose about four percent, one of several mega-tech companies with large gains, lifting major US indices

US stocks gain after reassuring inflation data, tech giants advance

Elon Musk's X was the target of the first investigation launched under the EU's new digital content rules

Amid ongoing appeal

EU accepts X's plan to fix digital content violations

ASML is looking at a strong year of sales

Semiconductor chip manufacturer

AI demand powers forecast hike, profit gains at tech giant ASML

Germany's flagship auto industry is battling weak demand and Chinese competition

German leader not opposed to Chinese taking over car plants

Ludwigshafen in southwest Germany, the base of chemical titan BASF

Germany's BASF lifts forecasts but Mideast war casts shadow

Twenty-six Meta employees filed a lawsuit accusing the tech giant of using AI to select workers for mass layoffs, a claim denied by the company

Meta employees allege discriminatory AI-driven layoffs

Recent scientific studies suggest there could be harmful consequences to farming out cognitive tasks to AI

Harmful consequences

Generative AI's power sparks fears of dumbing humans down

Australia's prime ministers says new laws will ensure AI data centres don't raise water and power prices for communities

Copyright, natural resources

Australian PM says to enact laws to govern AI

China's surging exports have helped offset weak domestic consumption

Missing expectations

China's economic growth hits slowest pace in more than three years

Kioxia, one of Japan's most valuable companies, is reaping rewards from the global race to build AI data centres

Reaping rewards

AI ignites 'ignored sector' for Japan chipmaker Kioxia

Last month, the UK became the latest to ban social media sites including Snapchat, TikTok, YouTube, Instagram and Facebook for under-16s

Between midnight and 6am

UK announces social media curfew for older teens

IBM said many of its big corporate customers rushed to buy AI-related hardware to get ahead of expected price increases

Disappointing preliminary results

IBM shares plunge 25% as AI spending boom disrupts business

US data center construction spending has surged in recent years, with tech firms pouring tens of billions of dollars into building out infrastructure

'Higher bills, depleting natural resources'

NY state pauses new large data center projects in US first

Google said it will fully cooperate with the probe

Unfair competition

Swiss probe Google dropping search choice on Android phones

Oil prices rose following fresh Iran-US attacks in the area of the Strait of Hormuz

Oil prices surge on US-Iran attacks; tech shares fall

The powerful IG Metall union organised protests at Volkswagen sites last week after reports emerged of VW's plans to ramp up its job cuts, as well as potentially close four German factories

Volkswagen confirms weighing up to 50,000 more job cuts

The Lisa Burke Show

African diaspora in Luxembourg & global finance

CEO of OpenAI Sam Altman looks on during the Apple Worldwide Developers Conference (WWDC) in 2024

Dramatic escalation in tensions

Apple sues OpenAI for stealing trade secrets

SK hynix's blockbuster share sale helped boost Asian tech firms

Much-needed affirmation

Wall Street gets small boost from SK hynix debut

SK hynix is a key supplier to the world's most valuable company Nvidia

SK hynix surges on first day of trading on Wall Street

Employees of German bank Commerzbank have protested against UniCredit's takeover offer

Hostile takeover

Commerzbank staff's legal bid against UniCredit rejected

The US-Iran conflict has upended travel plans

£5.7 billion offer

EasyJet accepts rival takeover bid from US investor Apollo

Top Silicon Valley executive Fidji Simo says she will change gears to focus on her health

Recovery from chronic illness

OpenAI number two Simo steps down to focus on health

Cocoa giant Barry Callebaut senses a tentative rebound in the chocolate market after more than a year of inflation turbulence

Cocoa lynchpin sees chocolate lovers make hesitant return

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