Business & Tech

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Business & Tech

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

Chip giant Nvidia is seen as a bellwether for the tech industry as worries about a bubble rise

Key earnings report

Stock markets waver before Nvidia reports profits climb

Lisa Cook, the first Black woman to serve on the powerful Fed Board of Governors, has rejected Trump's unprecedented bid to remove her

Ex-Fed chief says Trump bid to oust US governor Cook 'dangerous'

Rheinmetall is ramping up production of artillery ammunition as Europe rearms

30,000 square metres

Defence giant Rheinmetall opens mega-plant as Europe rearms

German industry fears that US tariffs could worsen a long-running downturn

Broadened the reach

German factory outfitters warn of 'crisis' from US tariffs

The United States was India's top export destination in 2024, with shipments worth $87.3 billion

US tariffs on Indian goods double to 50% over Russian oil purchases

A Lego replica of Beijing's Forbidden City at the Legoland Shanghai Resort

Lego posts record sales, sees market share growing further: CEO

Furious, culture war-fueled backlash

US restaurant chain Cracker Barrel cracks, revives old logo

Francois Bayrou proposed a confidence vote to break an impasse over his proposed budget cuts

Market-rattling announcements

French political turmoil sends European stocks down, Wall Street edges up

After calling for her resignation last week, Trump posted a letter to his Truth Social platform purporting to have fired Cook 'effective immediately'

'I will not resign'

Trump moves to fire Fed governor, escalating effort to control central bank

Meta's move to back California politicians who support artificial intelligence innovation comes as its chief Mark Zuckerberg makes a priority of the technology and sees 'superintelligence' on the horizon

Leadership at risk

Meta to back pro-AI candidates in California

US Federal Reserve Governor Lisa Cook plans to contest President Donald Trump's attempt to remove her from her position at the central bank

Mortgage fraud allegations

Who is Lisa Cook, the Fed governor Trump seeks to fire?

The EU has already slapped heavy fines on US behemoths including Meta and Apple under its new digital rules

Powerful legal arsenal

EU claims 'sovereign right' to regulate tech after Trump threat

Germany and Canada are seeking to boost cooperation on raw materials

Heavy dependence on China

Germany, Canada to cooperate on key raw materials

US President Donald has been ramping up pressue on the Fed this year, repeatedly criticizing its chief Jerome Powell for not lowering interest rates sooner despite benign inflation data

'Effective immediately'

Trump moves to fire a Fed governor over mortgage fraud claims

India's fishing industry is one of the low-margin, labour-intensive sectors that US tariffs threaten to upend

Deadline approaching

Indian readies for punishing US tariffs

The Trump administration has said that as of August 29 it will abolish a tax exemption on small packages entering the United States

'Rapidly evolving situation'

Australia joins countries suspending post to US

An Israeli military bulldozer demolishes a home at the Nur Shams Palestinian refugee camp in the Israeli occupied West Bank on June 23, 2025

Construction equipment firm

Norway wealth fund divests from Caterpillar over Gaza 'rights violations'

WNBA star Caitlin Clark of the Indiana Fever wears a T-shirt saying,

Lack of urgency

Women's NBA could face lockout as union deal deadline looms

US President Donald Trump told reporters there will be other cases like the government's deal to take an equity stake in Intel, if he has the opportunity

No say in business decisions

Trump advisor says US may take stakes in other firms after Intel

Perplexity AI, headed by co-founder Aravind Srinivas, challenges Google in the online search market, but the internet giant is busy packing its own offerings with AI features

Compensation initiative

Perplexity AI to share search revenue with publishers

Bolivia's former president (2001-2002) and presidential candidate Jorge 'Tuto' Quiroga is bidding to become the country's first right-wing leader in 20 years

'Let's stop them'

Bolivia candidate vows to scrap China, Russia lithium deals

Maurice Tempelsman, longtime friend and companion of former US first lady Jacqueline Kennedy Onassis, has died at age 95.

Diamond czar Maurice Tempelsman, Jackie O companion, dead at 95

For investors, Fed chief Jerome Powell all but confirmed a rate cut in September

Times appear to be shifting

Stocks edge downwards after rallying on US rate hopes

The xAI lawsuit comes as Elon Musk publicly feuds with OpenAI CEO Sam Altman

Sweeping lawsuit

Musk's xAI sues Apple, OpenAI alleging antitrust violations

Once China's biggest real estate firm, Evergrande was worth more than $50 billion at its peak but defaulted in 2021 after struggling to repay creditors

Heavily indebted

China Evergrande Group delisted from Hong Kong stock exchange

Australian livestreaming platform Kick faces intense scrutiny

France's regulator says unable to block dead streamer's channel

Indian Prime Minister Narendra Modi (R) is slashing consumption taxes as his economy braces for painful US tariffs levied by President Donald Trump

India's Modi dangles tax cuts as US tariffs loom

Sparked a firestorm

Rebrand of US culture 'fixture' Cracker Barrel sparks backlash

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