Business & Tech

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Business & Tech

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

Tesco uses lower price offers to attract customers in the face of competition

UK supermarket Tesco lifts profit outlook on competitive prices

World's richest man Elon Musk is on track to become the world's first trillionaire

Elon Musk halfway to becoming world's first trillionaire: report

Russia's oil industry is coming under pressure from the G7, which is calling for an end to Moscow's war in Ukraine

Maximising pressure

G7 ministers to target those increasing Russia oil purchases

The funding halt means some 13,300 US air traffic controllers and thousands of other essential aviation safety officials must work without pay

13,300 workers furloughed

Air traffic controllers warn of US shutdown strain

The US government has begun shutting down non-essential operations after Democrats and Republicans failed to agree on a funding bill

Dow, S&P 500 end at records despite US government shutdown

Trump's aggressive trade policies and resulting fallout have weighed on US farmers, including hitting export markets like China

Trump says to push China's Xi on soybeans as US farmers struggle

The move to open physical shops comes as Shein has faced criticism for its discount-driven business model

Shein picks France for its first permanent stores

Lisa Cook was nominated to the Fed's governing board by former president Joe Biden

Will remain in post

Supreme Court blocks Trump from immediately firing Fed Gov. Cook

Mobile networks and internet services returned to seveal provinces across Afghanistan, including the capital Kabul, 48 hours after services were cut by Taliban authorities

Mobile and internet restored across Afghanistan: AFP journalists

More than 80 Spanish media organisations allege that Facebook owner Meta breached EU data protection rules

Alleged breaches

Meta defends ads model in 550-mn-euro data protection trial

The dispute settlement body, Appeals Centre Europe, said it had received no help from YouTube

Content moderation

YouTube, platforms not cooperating enough on EU content disputes: report

The European Union will unveil new measures on Tuesday to protect the steel sector that will replace the current 'safeguard clause'

EU eyes higher steel tariffs, taking page from US

Taiwan produces more than half of the world's semiconductor chips and nearly all of the high-end ones

Tariff negotiations

Taiwan says 'will not agree' to making 50% of its chips in US

More than 80 Spanish media organisations allege that Facebook owner Meta breached EU data protection rules

Data protection

Spanish court to start hearing media case against Meta

India has this year given the green light to 10 semiconductor projects worth about $18 billion in total

Semiconductor race

India ready to rev up chipmaking, industry pioneer says

South Korea exported a record $16.6 billion worth of semiconductors in September, driven by demand for high-value memory such as HBM chips used in AI servers

Despite growing pressure

South Korea posts record semiconductor exports in September

The company behind ChatGPT described the release of Sora 2 as a major leap forward in artificial intelligence's ability to create realistic video

OpenAI launches Sora 2 with TikTok-style app

Despite tariff-related challenges, Nike shares jumped after hours, in part by topping analyst estimates in both earnings and revenues

Amid tariff pessimism

Nike shares rally on progress in turnaround

Top congressional Democrats Chuck Schumer (L) and Hakeem Jeffries met US President Donald Trump but were unable to reach a funding agreement that would avoid a government shutdown

Supported investor expectations

Dow ends at record as US stocks shrug off shutdown risk

The online reatil giant had already made a major move into AI enhancements with the February launch of Alexa+, an upgraded version of the Alexa voice assistant

Amazon adds AI muscle to connected home lineup

An Afghan boy flies a kite in Kabul on September 29, 2025, after the Taliban authorities cut off internet and telecommunications in the crisis-hit country

Cut fibre optic cable

UN calls for Taliban to restore internet as Afghanistan goes dark

Sabadell has a dispersed ownership structure, making the outcome of the takeover bid uncertain

10 days remain to make final decision

Board of Spain's Sabadell bank rejects improved BBVA takeover bid

This month in AI news

Meta's new glasses, models pass hardest financial analyst test, and world's first video reasoning model

European Central Bank President Christine Lagarde warned that new shocks could lie ahead

Uncertain times

ECB chief says eurozone weathering Trump tariff storm

Daniel Ek -- who is known for his reserved style and pragmatism -- said he would remain an active part of Spotify despite stepping down as CEO

Leadership shake-up

Spotify founder Daniel Ek to give up CEO role

No competition concerns

EU green lights Prada's bid for Versace

YouTube agreed to pay $22 million to settle a lawsuit brought by Donald Trump after the platform blocked him from posting following January 6, 2021

Suspended his account

YouTube to pay $22 million in settlement with Trump

Lumber imports are slated to face higher tariffs after October 14

10% global tariff

US tariffs on lumber imports set for October 14

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