Business & Tech

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Business & Tech

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

A Gucci store in Paris, where its parent company Kering is based

Luca de Meo will join from Renault

Gucci owner Kering posts 46% profit slump before new CEO arrives

Procter & Gamble plans some price hikes in the United States as it mitigates a $1 billion tariff hit

Amid trade uncertainty

P&G estimates $1 bn tariff hit, plans some US price hikes

Copycats and rivals to Novo Nordisk's blockbuster diabetes and weight-loss treatments Ozempic and Wegovy have battered the Danish drugmaker's profits

Known for Ozempic

Novo Nordisk cuts earning forecasts again, names new CEO

Stellantis is betting on better times after posting a 2.3-billion-euro loss for the first half of the year

Jeep owner Stellantis says has turned corner on sales

IMF chief economist Pierre-Olivier Gourinchas flags reasons for caution despite upward revisions to global growth

Expects world economy to expand

IMF lifts 2025 growth forecast on 'fragile' easing in trade tensions

Spotify's operating profit between April and June reached 406 million euros, below the 539 million euros it had forecast

Profits still fell below expectations

Spotify sees 12% rise in paid subscribers

US President Donald Trump has threatened tariffs of up to 200 percent on imports of medicines

Agreement does not provide certainty

European pharma industry still worried about tariffs

China's economy is facing headwinds, with sluggish domestic consumption and tariff challenges for its exports

Hopes for talks extension

Chinese, US officials meet for 2nd day of trade talks in Stockholm

Market volatility caused by Trump's trade tariff blitz was good for Barclay's trading activity

Beat expectations

Barclays bank profit jumps on US tariffs volatility

Shares in Philips jumped after it said the US tariff impact would much less than it originally feared

Medical equipment manufacturer

Philips chops back US tariff bill

Dubai Airports said it posted record travellers despite regional airspace disruptions

46 million passengers

Dubai airport logs record travellers in first half

A sign for US pharmaceutical giant Johnson and Johnson in Ringaskiddy, near Cork, southern Ireland, an area which has attracted many US pharma giants in recent years

Worries persist despite EU, US agreement

Ireland's 'economic miracle' at risk from tariffs

US President Donald Trump and Britain's Prime Minister Keir Starmer talk as they arrive by helicopter at Trump MacLeod House & Lodge Trump in Balmedie

Turnberry meetup

Trump slashes Russia ultimatum to '10 or 12 days'

Shares in German carmakers plunged after the EU-US trade deal was announced

EU car industry sees relief - and pain - in US trade deal

Shares of Volkswagen and other German automakers fell following a US-EU trade deal that lowers the tariff from the rate set in April, but means levies on auto imports far above the level prior to President Trump's second term

'Biggest-ever' deal

Dollar rises on EU-US trade deal but European stocks turn sour

Talks between the world's top two economies are expected over two days as US President Donald Trump's trade policy enters a critical week

Global economies

China and US wrap first day of trade talks

Pavel Durov became a French citizen in 2021

Potential complicity in criminal activity

Telegram's Durov questioned in France over alleged illegal content on app

EssilorLuxottica says it is leading the transformation of glasses with AI-enabled products like Ray-Bans

Gaining momentum

AI Ray-Ban Meta glasses help EssilorLuxottica boost sales

Vintage Volkswagen Beetle cars. The European auto industry has reacted to an US-EU tariff deal with relief and concern

Long-term impact

Europe's carmakers still nervous despite EU-US trade deal

European Commission President Ursula von der Leyen clinched a deal with US President Donald Trump on Sunday after dashing to Scotland

Accused of 'submission'

EU defends Trump trade deal in face of backlash

Heineken said the US tariffs would have little impact on its business

Heineken shares plummet as beer sales dry up

E-commerce platform Temu has 93.7 million average monthly active users in the European Union

Including baby toys, electronics

EU accuses online giant Temu over sale of 'illegal' products

The trade deal the EU struck to avoid steeper US tariffs was 'better than a trade war,' said the European Commission's lead official in the negotiations, Maros Sefcovic

Amid internal criticism

Brussels says EU-US deal 'better than trade war' with Trump

US President Donald Trump said the trade imbalance with the EU justified the tariff threat

Germany most impacted

Impact of US tariffs varies across European Union

Cranes and containers are seen along the Panama Canal. Hong Kong conglomerate CK Hutchison said it was considering inviting a Chinese

Political victory for Trump?

CK Hutchison eyes 'major' Chinese investor for Panama ports deal

A visitor enjoys the Bordeaux wine festival -- but US tariffs will hit hard a sector already under pressure

Leaving a bitter taste

US tariff tussles stuff of nightmares for Bordeaux winemakers

US President Donald Trump unveiled tariffs customized to dozens of trading partners in April 2025, as the White House slammed a lack of 'reciprocity' in trade ties

1 August deadline

What is the status of US tariff negotiations?

US President Donald Trump is set to raise tariffs on dozens of trading partners come August 1, if they do not reach deals with Washington

State of play in Trump's tariffs, threats and delays

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