Business & Tech

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Business & Tech

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

Investors are hopeful the Federal Reserve will cut interest rates next month in light of weakening economic data

Amid tariff concerns

Wall Street stocks end lower as rally peters out

No driver is needed -- except by legislation to supervise its operation, at least for now

A first for Europe

Czech driverless train hits open track

The US trade deficit overall narrowed to $60.2 billion in June, government data showed

Imports pull back

US trade gap shrinks on imports retreat as tariffs fuel worries

Russia Today )RT) is among the media sites banned in the EU over Moscow's invasion of Ukraine

Despite sanctions

Banned Russian media sites 'still accessible' across EU: report

A weak July 2024 explains the jump in July 2025 car sales in Germany

Analysts remain cautious

German car sales jump in July but market still weak

Sales of Guinness rose but overall drinks group Diageo saw revenues dip and profits tank as economic uncertainty weighs on consumers

Sharp drop in net profit

Guinness owner Diageo ups savings as US tariffs hit

The world's biggest oil exporter has now seen profits decline for 10 straight quarters since record results in late 2022.

Decline for 10 straight quarters

Saudi Aramco profit drops 22 percent on lower prices

Tourists love to take selfies by windmills in Zaanse Schans

'National symbol of overtourism'

Dutch windmill village churned by overtourism debate

Malaysian hotel tycoon Ong Beng Seng (C) leaves the State Court in Singapore, in a rare corruption case in the city-state

Charged in October

Malaysia tycoon pleads guilty in Singapore to abetting obstruction of justice

Viral bunny trampoline video turns out to be AI-generated

Major US indices bounced back as investors jumped on an equity market pullback late last week

Amid global uncertainty

Stocks mostly rebound on US interest rate cut bets

A strike at Boeing's defense business in Missouri and Illinois follows a stoppage last fall in the Pacific Nortwest of workers who manufacture commercial planes

'Enough is enough'

Boeing defense workers launch strike over contract dispute

President Donald Trump removed the commissioner for the Bureau of Labor Statistics after disputing jobs data

Didn't like the numbers

Trump says to name new labor statistics chief this week

Swiss President Karin Keller-Sutter has met US officials to discuss tariffs

Easing the burden

Swiss eye 'more attractive' offer for Trump after tariff shock

Tesla announced an 'interim' pay award for CEO Elon Musk, who has warned of a few potentially 'rough' quarters before investments in robotics and artificial intelligence pay off

Controversial CEO

Tesla approves $29 bn in shares to Musk as court case rumbles on

The tourism authority in Petra, a World Heritage site, says dozens of hotels have closed down

Ancient city of Petra

Jordan sees tourism slump over Gaza war

President Donald Trump removed the commissioner for the Bureau of Labor Statistics after disputing jobs data

'Exceptional replacement'

Trump says will name new economics data official this week

China's tech companies and automakers have poured billions of dollars into self-driving technology in recent years

China's Baidu to deploy robotaxis on rideshare app Lyft

The massive miss on jobs creation fanned fears about the US economy

Flitted between gains and losses

Stocks mostly rise as traders boost US rate cut bets

South African President Cyril Ramaphosa met US President Donald Trump earlier in the year but relations between the two countries are in tatters over numerous issues, including US trade tariffs

Looming 30-percent tariffs

S.Africa eyes new markets after US tariffs: president

The UK's Supreme Court largely overturned earlier judgements that had found it unlawful for car dealers to earn a commission on loans stretching back to 2007 in which borrowers had not been properly informed about the payments

Feared compensation claims

Shares in UK banks jump after car loan court ruling

Pesticides have been linked to the deaths of bees around the world

Rwanda bees being wiped out by pesticides

A mafia war in Prato is believed to be behind the killings of two Chinese nationals in Rome

Italy's fast fashion hub becomes Chinese mafia battlefield

Generative artificial intelligence assistants like ChatGPT are cutting into traditional online search traffic, depriving news sites of visitors and impacting the advertising revenue they desperately need

Depriving news sites of visitors

AI search pushing an already weakened media ecosystem to the brink

The Supreme Court's decision to partially overturn judgments that the loans were unlawful came as a boost for banks

Individuals could receive £950

UK lenders face $12 bn plus compensation bill despite court ruling: watchdog

US Trade Representative Jamieson Greer said tariff rates are 'pretty much set'

'Pretty much set'

US trade advisor says Trump tariff rates unlikely to change

OPEC headquarters in Vienna -- analysts say the latest production increase is unlikely to raise oil prices

Aims to regain market share

Eight OPEC+ countries raise production by 547,000 bpd

Illustrative image of a Tesla car involved in an accident in the United States

Tesla ordered to pay $242 million in fatal 2019 Florida crash

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