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.

Crude prices fell sharply after Iran's response to the US military strikes did not affect petroleum infrastructure

Oil prices tumble as markets shrug off Iranian rebuttal to US

Sales of US existing homes edged up 0.8 percent in May from the prior month, said the National Association of Realtors

US existing home sales little-changed on sluggish market

More than half of the oil imported by East Asia passes through the Strait of Hormuz, experts estimate

Asian countries most vulnerable to Strait of Hormuz blockade

Italian executive Antonio Filosa has kept his role as head of North America at Stellantis

US-European auto giant

New CEO of Jeep owner Stellantis starts with leadership shake-up

The EU has downgraded its forecast for eurozone growth for 2025

Eurozone business activity almost flat again in June

Growing interest

Japan's high-tech sunscreens tap into skincare craze

Tesla's robotaxi launch in Texas comes as Elon Musk focuses on his business ventures following his stint in Washington

'Golden area of autonomous'

Tesla launches long-discussed robotaxi service

Shipbuilding accounted for nearly four percent of South Korea's exports in 2024 and directly employs around one percent of the country's workforce

Bargaining chip

South Korea counts on shipbuilding to ease US tariff woes

The air show has been at the centre of a row over the presence of Israeli firms

Calling for end to war

Protesters slam war profiteering, Israel at French air fair

A surge in conflict misinformation has exposed the need for stronger AI detection tools

Information warfare

Tech-fueled misinformation distorts Iran-Israel fighting

US President Donald Trump's delay of a decision on joining Israel's strikes on Iran provided some relief

'Two-week 'thinking window'... a ticking volatility clock'

Global stocks mixed, oil lower as market digests latest on Iran

Niger wants to nationalise the local branch of Orano, a uranium mining company mostly owned by France

Countries' riches

Sahel juntas pile pressure on foreign mining firms

Putin wants officials to keep a 'close eye on all indicators of the health of our industries, companies and even individual enterprises'

Military investment not enough

Putin says recession in Russia 'must not be allowed to happen'

If found responsible, Amazon could face a fine of up to one percent of its annual revenue in the UK

'Reasonable grounds'

UK probes Amazon over suspected late payments to food suppliers

More than 50 migrant harvesters lived in accommodation that posed a danger to their 'security, health and dignity', according to investigators

Verdict to be issued on 21 July

French champagne makers face prison in human trafficking trial

Russia's central bank, headed by Governor Elvira Nabiullina, has rebuffed calls to cut interest rates again

'Painful' economic situation

Russian government, central bank spar over economic downturn

Trout processing in Trabzon, on the Black Sea Coast, where the industry is surging thanks to export demand

Production of trout has exploded

'Turkish salmon': the Black Sea's new rose-coloured gold

A supply chain snarl-up has caused a shortage of rice in shops

Key moment for Ishiba

Rice prices double in Japan as inflation accelerates

The 'lithium triangle' formed by Chile, Argentina and Bolivia accounts for nearly half of the world's lithium reserves

China has major head start

Europe's lithium quest hampered by China and lack of cash

TikTok faces a ban in the United States unless it finds a new non-Chinese owner

Previously announced

Trump extends deadline for TikTok sale by 90 days

Telegram founder Pavel Durov was sensationally detained in Paris in 2024

Detained in 2024

France softens restrictions for Telegram founder Durov

Eutelsat has more than 600 satellites in orbit

Biggest investor

French state leads capital increase for satellite operator Eutelsat

'The world is highly unpredictable,' Bank of England Governor Andrew Bailey said as it held rates steady

Awaiting further developments

Stocks drop, oil gains as Mideast unrest fuels inflation fears

Donald Trump has introduced tariffs on imports to the US, throwing global trade into turmoil

Wild economic policies

How Trumponomics has shaken global markets

The engraved facade of the Swiss National Bank headquarters in the capital Bern

Decision under scrutiny

Swiss central bank cuts interest rates to zero percent

President Donald Trump branded the merger as a 'partnership' rather than a takeover

Long-debated transaction

Nippon Steel closes US Steel acquisition under strict conditions

Nigeria's government wants to convert one million commercial vehicles to compressed natural gas by next year

Promoted as alternative

Shortages hit Nigeria's drive towards natural gas-fuelled cars

US Federal Reserve Chair Jerome Powell expects to learn more about the effects of tariffs over the summer

Key policy meeting

US Fed keeps interest rates unchanged in face of Trump criticism

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