Business & Tech

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Business & Tech

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

Equity markets have seen big swings this week

'Cracks have developed in the tech sector'

US stocks recover from tech tremors as oil prices fall

IMF Chief Economist Pierre-Olivier Gourinchas believes that globalization is not dead -- it is simply being "transformed"

International Monetary Fund

Globalization isn't dead, just 'transformed,' says IMF chief economist

The latest models from leading AI companies have drawn major concerns over their unprecedented ability to identify software vulnerabilities

At government's request

OpenAI restricts limited release of new model to US only

Michele Kang was already the Lyon men's club president, minority shareholder and owner of the women's side

87.78% of club's share capital

American businesswoman Michele Kang buys French club Lyon

Flu vaccines are a major business for French pharmaceutical group Sanofi

Suspicion of breaching competition rules

EU hits France's Sanofi with flu vaccine antitrust probe

A construction worker in Bordeaux, southwest France, this week

'Working in slow mode'

European economies suffer from heatwave

Shares of chip company Micron surged about 20 percent, lifting its valuation to more than $1 trillion

Reigniting confidence

Nasdaq falls again on mixed day for US stocks, oil prices rise

Binance is the world's largest cryptocurrency exchange by volume

Due to regulatory approval

Binance to suspend crypto services in several EU countries

EasyJet's share price remains far below the latest offer, an indication that investors do not yet believe a deal will be struck

No-frills airline

Easyjet rejects latest takeover bid but leaves door ajar

Some 800 ships remain stuck in Gulf waters

As rest of Asia aims to recover

Brent falls below $75 as Nasdaq drops for 3rd straight day

A Metropolitan Police van using facial-recognition cameras is pictured the 2025 Notting Hill Carnival in west London

London police to extend use of live facial recognition, drones

SK hynix is a key supplier to the world's most valuable company Nvidia

Data centre supplier

S.Korea chip giant SK hynix seeks $29 bn in Nasdaq listing: regulatory filing

Meta's lower cost glasses will not carry the Ray-Ban name

Starting at $299

Meta offers lower cost glasses as wearables competition heats up

US semiconductor giant Micron was one of the companies that slumped on Wall Street

Struggling traders

Tech drags down world stocks, oil dips on supply hopes

Vice President JD Vance is leading the US negotiating team at the talks with Iran in Switzerland

Markets cheer diplomatic progress

Oil falls as US waives Iranian sanctions and Nasdaq tumbles

EasyJet has rejected the bid from Castlelake as 'highly opportunistic'

Confident in its strategy

EasyJet rejects £5 bn takeover offer from US equity firm

Ukrainian President Volodymyr Zelensky said Kyiv had struck an oil refinery in the city

More cautious approach

Russia signals slower rate cuts amid high Ukraine war spending

There is a growing consensus in the European Union that it is too dependent on China

Safeguarding sovereignty

EU wrestles over tackling China export flood

Switzerland's central bank said it was concerned about upward pressure on the franc

Move widely expected

Swiss central bank holds interest rates, with eye on currency risks

The Bank of England said it would keep a close watch over the wider UK and global economy

'Still higher than before the war'

Bank of England follows Fed in holding interest rate

A CycloTech drone on display at the VivaTech fair

Start-ups assemble

Innovations on show at Paris Vivatech fest

A humanoid robot that can do a bit of everything is still years off

Robots pour cocktails and run marathons, but still can't multitask

US retail sales jumped more than analysts expected in May, despite steeper gasoline costs weighing on households

Higher fuel spending

US retail sales beat expectations in May as energy costs stay high

Replica shirts of several German players, including Deniz Undav, were temporarily unavailable due to a shortage of the letter 'V'

Adidas runs out of letter 'V' as German fans snap up World Cup shirts

Security fears will be high on the agenda

Eyeing greater independence

German grid connection deal to boost North Sea wind power

BMW downgraded forecats, the latest bad news from Germany's auto sector

Vows to step up cost-cutting efforts

BMW downgrades 2026 targets on Mideast war, China woes

Palantir was founded with backing from the American CIA

'Strategic autonomy'

French spies drop AI giant Palantir over US overreliance fears

Donald Trump said ships were again moving through the Strait of Hormuz and it would be 'completely open' by Friday

European stocks extend gains, oil falls on US-Iran deal

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