Business & Tech

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Business & Tech

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

Trump has pardoned Binance co-founder Changpeng Zhao, seen in Lisbon in 2022

Cryptocurrency exchange

Trump pardons Binance co-founder Changpeng Zhao

Anthropic says it will expand use of Google Cloud computing, which says it is constantly ramping up performance of the internet giant's custom-designed Tensor Processing Units that power artificial intelligence in data centers

Worth tens of billions of dollars

Anthropic announces massive AI chip deal with Google

Oil prices spiked for a second day in a row after Trump hit Russian giants with sanctions

By more than 2%

Oil prices surge as Trump hits Russian crude with sanctions

The Competition Appeal Tribunal found that Apple shut out competition in the app distribution market and charged app developers 'excessive and unfair' commissions

Second setback in two days

UK court rules Apple abused App Store dominance

Disneyland Paris had been slated to open a pop-up store in BHV Marais and stage

Another setback

Disney drops out in latest exodus from Paris store hosting Shein

Russia's Lukoil oil giant now faces a major challenge from US sanctions ordered by President Donald Trump as the Ukraine war drags on

Scope and possible impact

US and EU sanctions on Russian oil and gas: what do we know?

The Competition Appeal Tribunal found that Apple shut out competition in the app distribution market and charged app developers 'excessive and unfair' commissions

'Excessive and unfair'

UK court rules Apple abused App Store dominance

American Airlines reported improving travel demand throughout the summer as macroeconomic concerns tied to trade uncertainty have ebbed

Preference among wealthier customers

American Airlines reports smaller loss, sees travel demand improving

Dutch shoppers feel the pinch

Travelling long distances

Stung by high costs, Dutch board 'shopbus' to cheaper Germany

ChatGPT was touted as 'the heart' of OpenAI's new Atlas browser, as tech firms seek to challenge Google Chrome's supremacy

Following release of 'Atlas'

Online search a battleground for AI titans

An Amazon delivery driver wears smart glasses displaying real-time navigation and delivery instructions directly in his field of vision, during Amazon's

The future is now

Amazon uses AI to make robots better warehouse workers

ICE -- the Immigration and Customs Enforcement Agency -- has been tasked with deporting an unprecedented number of unauthorized migrants

Tens of millions of dollars

Flush with cash, US immigration agency expands weaponry and surveillance

Facebook owner Meta is cutting 600 jobs in artificial intelligence

Despite superintelligence push

Meta to cut 600 jobs in artificial intelligence: reports

Tesla profits fell due to higher costs despite a boost to revenues from increased auto sales

Electric car company

Tesla profits tumble on higher costs, tariff drag

Shares of Netflix sank more than 10 percent following its earnings release, raising worries about other results from tech giants

Global stocks mostly fall on lackluster results from Netflix, others

Volkswagen has warned it could be affected by the fallout from a row over chipmaker Nexperia

Geopolitical tensions

Car giant VW warns of production hit from Nexperia chips row

At 'GM Forward'

GM unveils plans for 'eyes-off' vehicle in 2028

SpaceX has cut service to more than 2,500 Starlink internet devices at Myanmar scam centres, a company executive said

SpaceX cuts off 2,500 Starlink devices at Myanmar scam centres

UniCredit confirmed its target of a net profit of 10.5 billion euros this year

UniCredit beats expectations with rise in profits

Hermes has outperformed its rivals as the luxury sector has faced a tough patch

French luxury group

Hermes defies US tariffs as sales grow

Heineken beer sales are dwindling

'Mixed performance': Heineken beer sales down

ChatGPT was touted as 'the heart' of OpenAI's new Atlas browser, which will be only available at first on computers powered by Apple's operating system

OpenAI unveils search browser in challenge to Google

Inflation, which Milei has slashed by two-thirds in two years in office, has been growing again for three consecutive months

Scrambling to buy dollars

Argentina's central bank intervenes to halt run on peso

JPMorgan Chase's new global headquarters at 270 Park Avenue in New York City cost about $3 billion to build

60-stories high

New JPMorgan skyscraper underlines Manhattan office comeback

General Motors is ending production of electric vehicles at one of its plants in Canada

Further blow to auto sector

GM cuts EV production in Canada, cites Trump backpedal

'KPop Demon Hunters' became the biggest-ever movie hit on Netflix, in a quarter that saw the streaming giant miss profit expectations due to a tax dispute

Streaming giants

Netflix shares sink as quarterly profit misses mark

Gold suffered its biggest one-day loss since the start of the Covid pandemic, only a day after setting a record high

Back in a buying mood

Stocks rise on China-US hopes, gold and silver slump

Adidas posted record quarterly revenues in the July through September period

Record third-quarter sales

Adidas hikes profit forecast as contains US tariff impact

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