Business & Tech

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Business & Tech

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

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

Investors had been eagerly awaiting Powell's speech

Wall Street rallies, dollar drops as Fed chief fuels rate cut hopes

US chipmaker Intel has agreed to give the United States a 10-percent equity stake in the firm

To receive 433.3 million shares

Trump, Intel announce deal giving US a 10% stake in chipmaker

US Federal Reserve chief Jerome Powell has come under attack from Trump, who has called him a

Central banking conference

US Fed chair opens door to rate cut as Trump steps up pressure

Canadian Prime Minister Mark Carney at a press conference in Ottawa

North American agreement

Canada removing tariffs on US goods compliant with free trade deal

DHL, which owns the Deutsche Post service, said it would suspend its standard category of US package delivery

Temporary suspension

German, French post offices restrict packages to US over tariffs

Could Trump's tariffs mean the party's over for Bordeaux wines?

Embattled Bordeaux winemakers see Trump's tariffs as latest blow

There is a global trend of social media companies reducing their use of human fact-checkers and turning to AI instead.

Hundreds of jobs at risk

TikTok's UK content moderation jobs at risk in AI shift

Michael Warner, co-founder of wine boutique DCanter, said importers and distributors have raised costs of foreign wines since June

Sour aftertaste

US wine sellers left in limbo despite EU tariff deal

Fixing the eurozone's traditional export powerhouse has been a priority for Chancellor Friedrich Merz

Pressure on Merz as Trump tariffs hit German economy

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