Business & Tech

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Business & Tech

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

Amazon reports a surge in quarterly profits, saying investments in artificial intelligence have begun paying off

Amazon profits surge 35% but forecast sinks share price

Brazilian President Luiz Inacio Lula da Silva (R) has lashed out at tariffs imposed on his country by US counterpart Donald Trump

Fernando Haddad

Brazil vows to fight Trump tariff 'injustice'

President Donald Trump announced a trade deal with South Korea, but dozens of economies have yet to reach an accord with the United States ahead of an August 1 deadline

Global stocks mostly fall ahead of big Trump tariff deadline

Apple says it recently shipped its 3 billionth iPhone since the lifestyle changing smartphones debuted in 2007

Despite concerns

Apple profit beats forecasts on strong iPhone sales

Amazon reports a surge in quarterly profits, saying investments in artificial intelligence have begun paying off

Amazon profits surge 35% as AI investments drive growth

Electronic Arts showed off 'Battlefield 6' in Paris, in parallel with promo events also held in London and Los Angeles

EA shooter 'Battlefield 6' to appear in October

Satya Nadella, chief executive of Microsoft, which became the second company after Nvidia to attain a $4 trillion valuation

Exceptional quarterly results

Microsoft valuation surges above $4 trillion as AI lifts stocks

Renault has hit a rough patch as it reckons with its stake in trouble partner Nissan and a sluggish European market

Heavy reliance on Europe

Renault profits slump as competition intensifies

People pass an electronic sign showing the price of the Hang Seng Index at Exchange Square in Hong Kong on April 10, 2025

Beating expectations

Hong Kong sees 3.1% growth in second quarter

This month in AI news

Luxembourg's AI uses explained, Microsoft reveal jobs most at risk, and AI safety push

BMW is the latest German carmaker to report falling profits

Sticking to 2025 targets

BMW says can weather tariff storm despite profit plunge

The Renault diamond has hit a rough patch as it reckons with its stake in trouble partner Nissan and a sluggish European market

Suffering exceptional losses

Renault profits slump as competition intensifies

Fuelled by demand

Taiwan's economy accelerates in second quarter

Energy prices have come under pressure in recent months on concerns that US President Donald Trump's tariffs will hurt economic growth

Earnings statement

Shell net profit retreats on lower energy prices

Strong sales of ice cream brands like Ben & Jerry’s helped underlying sales performance at Unilever, but the company will soon spin off the unit

New standalone firm

Unilever profit slides ahead of ice cream demerger

Nvidia is a world-leading producer of AI semiconductors, but the United States effectively restricts which chips it can export to China on national security grounds

China summons chip giant Nvidia over alleged security risks

Steel coils sitting in the yard at ArcelorMittal Dofasco's steel mill in Hamilton, Canada, which now face 50 percent tariffs to enter the United States

World's number two steelmaker

US tariffs corrode steelmaker ArcelorMittal's profitability

BMW is the latest German carmaker to report falling profits

BMW profits slump on China woes, US tariffs

The United States is a major market for Vietnams exports including clothing and shoes

Eye-watering tariffs

Firms in Vietnam walk tightrope as Trump's transshipping rule looms

President Donald Trump has long accused other nations of 'ripping off' the United States

Strong-arming nations

Trump gets his way on tariffs, but global trade system intact for now

US President Donald Trump offered his congratulations to South Korean President Lee Jae Myung on his 'electoral success' in his announcement of South Korea's blanket 15 percent tariffs

Touting major win

Trump says US to impose 15% tariff on South Korean goods

Laos is already struggling with elevated inflation and a severe labour shortage, fuelling fears that Donald Trump's tariffs could have a devastating effect

Living 'day by day'

Laos braced for blow of Trump tariff threat

Pope Leo XIV led the Vatican's first mass for Catholic social media influencers

Catholic influencers

Vatican embraces social media 'digital missionaries'

China has struggled to maintain a strong economic recovery since the pandemic, as it fights a debt crisis in the crucial property sector, chronically low consumption and elevated youth unemployment

More than expected

China manufacturing sinks again in July as US trade talks stall

Brazilian Supreme Court Justice Alexandre de Moraes, seen here at the trial of the country's former president Jair Bolsonaro, has been slapped with sanctions by the United States

Trump punishes Brazil with tariffs, sanctions over trial of ally Bolsonaro

Brazil's Central Bank is holding its benchmark interest rate steady

Brazil Central Bank holds interest rate as tariffs loom

Social media giant Meta posted a net profit of $18.3 billion in the second quarter, exceeding Wall Street expectations

'Strong quarter'

Meta beats expectations sending share price soaring

US Federal Reserve Chair Jerome Powell says 'it's been a very dynamic time for these trade negotiations' between the Trump administration and other countries

US Fed holds firm against Trump pressure as divisions emerge

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