Business & Tech

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RTL Lëtzebuerg

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Business & Tech

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

France's Prime Minister Francois Bayrou said France had become addicted to public spending

After years of overspending

French PM proposes cutting national holidays to cut debt

Nvidia CEO Jensen Huang said he was 'looking forward to shipping H20s very soon'

Amid ongoing trade war

Nvidia says it will resume sales of 'H20' AI chips to China

US aircraft are a top target for potential EU tariff retaliation

Global trade war

EU threatens US planes and whiskey while pressing for deal

The US consumer price index was up 2.7 percent from a year ago in June, accelerating from the figure in May, government data showed

Amid economists' caution

US consumer inflation accelerates as tariff effects creep in

US consumer prices accelerated to 2.7 percent from a year earlier

Industrial output above expectations

Stocks diverge, as US inflation puts focus on Trump's tariffs

New York's iconic Chrysler Building was once part of the property empire of fallen Austrian tycoon Rene Benko

Fallen real estate empire

Fallen Austrian tycoon Benko charged with fraud

The Nevada-based company said the project involves building a new 55-storey hotel tower that will include 570 luxury suites

Expected to open in 2031

Las Vegas Sands makes $8 bn Singapore bet with resort expansion

The Tesla store opened its doors in India's financial capital Mumbai

Seeking new customers

Tesla marks India entry with first showroom

A source in Loro Piana confirmed to AFP the Italian legal proceedings against it

Facilitating labour exploitation

LVMH Italian fashion house Loro Piana put under court administration

Prime Minister Anthony Albanese said Australia 'values our relationship with China'

Stabilised trade ties

'Dialogue' must be at heart of China, Australia ties, PM tells Xi

Nissan posted a net loss of 671 billion yen ($4.5 billion) last year and it has said it will cut 15 percent of its global workforce

Outside Yokahama

Skidding Nissan to halt production at Japanese plant

China's economy grew more than expected in the second quarter, helped by strong exports

China's economy grows 5.2% on trade war truce

xAI apologized on Saturday for extremist and offensive messages

Despite controversial updates

Pentagon inks contracts for Musk's xAI, competitors

AI depends entirely on data centers that consume huge amounts of electricity

'Clever' solutions

Tech giants scramble to meet AI's looming energy crisis

US lawmakers inside the Capitol are considering rules about US college athletes and antitrust laws, with players unions for the five major US sports leagues saying no exemptions should be made for schools or sport governing bodies

Restricting opportunities

US pro athletes reject antitrust exemptions for college sports

The US legislation comes after years of suspicion against the crypto industry amid the belief that the sector born out of the success of bitcoin should be kept on a tight leash

'Long time coming'

US House set to vote on landmark crypto bills this week

US stocks initially slid on Trump's threat, but then bounced back

Anticipating agreements will be made

Markets shrug off Trump tariff threat against EU

Ukraine's Economy Minister Yulia Svyrydenko is set to become prime minister

Strengthening domestic economy

Ukraine's Zelensky proposes new PM, defence minister in major reshuffle

Voice actors demonstrate in Mexico City demanding regulation of artificial intelligence in their industry

Request for 'voice be considered a biometric'

Mexican voice actors demand regulation on AI voice cloning

China's exports rose more than expected in June, and imports were also up, despite a bruising trade war with the United States, official data showed

Rose 5.8% year-on-year

China exports beat forecasts in June after US tariff truce

Grok, the artificial intelligence assistant, praised Nazi leader Adolf Hitler in a series of posts deemed anti-Semitic

Blaming software update

xAI apologizes for Grok's offensive posts

Tesla will give shareholders the option to invest in artificial intelligence startup xAI

Hoping to catch up with generative AI competitors

Tesla to offer shareholders chance to invest in xAI: Musk

US soldiers have conducted military exercises at the Panama Canal for decades, to prevent any trade interruption along the passage

US conducts military exercises at Panama Canal

US Senators are working to pass legislation that gives President Donald Trump (L) new 'sledgehammer' sanctions to use against Russian President Vladimir Putin

Ahead of US special envoy visit to Ukraine

US senators aim to arm Trump with 'sledgehammer' sanctions against Russia

EU chief Ursula von der Leyen has said the EU was delaying countermeasures against the US in search of a trade deal

EU chief delays retaliation for US tariffs in search of deal

France's Ambassador to Australia, Pierre-André Imbert, says defence ties with Australia have recovered after their 2021 bust-up over a major submarine contract

Multibillion-dollar deal

France says Australia defence ties repaired after submarine row

Some analysts believe US President Donald Trump's letters to trading partners are a way to combat perceptions that he is not just kicking the can down the line

Missed 90-deal goal

Trump's dealmaker name on the line in high stakes tariff talks

Trump said the trade imbalance with the EU justified the tariff threat

Ireland, Germany most affected

Impact of US tariffs varies across European Union

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