Business & Tech

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Business & Tech

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

US Secretary of Treasury Scott Bessent says he expects an extension of a mid-August deadline when steeper tit-for-tat tariffs involving China are set to return

To be held in Stockholm

US Treasury chief eyes China tariff deadline extension in talks next week

Consumers continued to buy Lindt chocolate despite the company hiking prices due to record-high cocoa costs

Increased by 15.8%

Price hikes nibble at demand for Lindt chocolate

The new nuclear plant will be built alongside EDF's Sizewell B nuclear power station in eastern England

Final hurdle overcome

UK gives green light to £38 bn Sizewell C nuclear plant

AstraZeneca's announcement included a new factory in the US state of Virginia, which will be the company's 'largest single manufacturing investment'

British pharmaceutical giant

AstraZeneca says to invest $50 bn in the US

Former Brazilian president Jair Bolsonaro (C) made the speech at Congress, but did not post it from his own social media accounts

In violation of ban

Brazilian judge threatens Bolsonaro over speech shared on social media

Every year, around 120,000 seasonal workers are brought to the Champagne region to handpick grapes

Seasonal workers exploited

France jails three in champagne 'slaves' case

President Donald Trump has threatened major US trading partners with jacked-up tariffs from August 1 if they do not cut trade deals

Equities mostly rose

Stocks mostly rise as markets weigh earnings optimism and tariff fears

US President Donald Trump uses his Truth Social app to remain a constant presence in Americans' lives

Policy, threats, self-promotion

How Trump turned his Truth Social app into a megaphone

Airlines complain that the high levy on passenger flights from German airports is hurting competitiveness

Steering pro-business turn

German govt looks to roll back tax hike on flights

The companies behind the 'Made in Germany' initiative said the investment boost would total 631 bn euros by 2028

Reviving economy

German industry alliance lays out domestic investment push

Jeep owner Stellantis said it felt the first effects of US tariffs in the first half of 2025

Also includes Peugeot, Citroen and Fiat

US tariffs, laws push Jeep owner Stellantis into 2.3-bn-euro first-half net loss

The European Central Bank is expected to hold tight on rates, pausing a series of cuts made over past months

First time in a year

ECB expected to hold rates as Trump tariff uncertainty lingers

Jensen Huang, co-founder and CEO of Nvidia, recently convinced Donald Trump to lift restrictions on certain GPU exports to China

Jensen Huang, AI visionary in a leather jacket

Singapore's Defence Minister Chan Chun Sing says select military units are helping combat a cyberattack on the country's critical infrastructure

Possibly linked to China

Singapore military helps battle cyberattack: minister

US stock market indices are flirting near record highs as America's economy shows resilience

Sparked by healthy US retail data

Stocks consolidate after bumper week buoyed by resilient US economy

The statement marks a rare consensus for the G20, which has been jolted by US trade policy under President Donald Trump

After Trump's Federal Reserve attacks

G20 nations agree central bank independence 'crucial'

The EU's 2028-2034 budget will now be the subject of fraught negotiations between member states and the bloc's lawmakers

Divisions over spending plans

What's in the EU's two-trillion-euro budget bazooka?

EU foreign affairs chief Kaja Kallas said the bloc has imposed 'one of its toughest sanctions packages' on Russia

18th round of measures

EU, UK target Russian oil in tough new Ukraine war sanctions

At the BitSummit expo in Kyoto, indie designers touted their games

At Japanese game fair

Indie game studios battle for piece of Switch 2 success

Children play at the newly opened Myongsasimni Water Park in the Wonsan Kalma Coastal Tourist Area in North Korea

Wonsan-Kalma Coastal Tourist Zone

North Korea bars foreign tourists from new seaside resort

China is relying on exports to offset weak consumer spending

Sluggish domestic consumption

China mulls economy-boosting measures to counter 'severe situation'

Rice prices in Japan soared 99.2 percent in June year-on-year, official data showed Friday, piling further pressure on Prime Minister Shigeru Ishiba ahead of elections

Ahead of elections

Japan rice prices double, raising pressure on PM

Mitsuwa Electric produces coils, rods, needles, plates, pipes and wires for a range of goods including car lights, photocopiers and X-ray machines, and has customers across Asia, Europe and North America

Country's economic backbone

Japan's SMEs ready to adapt to Trump tariffs

The dream of a high-speed train service linking the California cities of Los Angeles and San Francisco has been over 15 years in the making

'Yet another political stunt'

California to sue Trump govt over axed high-speed rail funds

Brazilian President Luiz Inacio Lula da Silva (L) has locked horns with US President Donald Trump (R) on trade policy

During televised speech

Brazil's Lula calls Trump's tariff threat 'unacceptable blackmail'

US President Donald Trump for months has lashed out at the Fed for holding interest rates steady

Recent escalated attacks

What to know about Trump's effort to oust Fed Chair Powell

Gulf Air signed a deal with Boeing to acquire up to 18 new Dreamliners

US aviation giant

Gulf Air orders 12 Boeing 787 Dreamliners

Member of the Trump administration, including Vice President JD Vance, have been bullish on cryptocurrencies, leading to the US Congress advancing landmark measures on digital assets

Controversial industry

US House passes landmark crypto measures in win for Trump

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