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 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

Bolivian President Luis Arce has seen his approval ratings plummet since taking office in 2020

Amid social unrest

Bolivia risks debt default without new funding: president to AFP

Generative artificial intelligence has been used in the US legal system by judges performing research, lawyers filing appeals and parties involved in cases who wanted help expressing themselves in court

Despite early stumbles

Justice at stake as generative AI enters the courtroom

The State Department will require student visa applicants to make public their social media profiles to be vetted for anti-American views

As visa processing resumes

US to screen social media of foreign students for anti-American content

Human drivers will remain at the wheel in Waymo self-driving cars once the path is cleared for a test phase of operations in New York City

Humans still behind the wheel

Waymo looks to test its self-driving cars in New York

Federal Reserve Chair Jerome Powell says the US central bank will wait to see how inflation evolves before cutting interest rates

Crude-rich region

US stocks flat as Fed keeps rates steady, oil prices gyrate

Elon Musk's X argues in a federal lawsuit that a New York state law requiring social media companies to report how they moderate hate speech and disinformation violates First Amendment protections

Stop Hiding Hate Act

Musk's X sues to block New York social media transparency law

Hundreds of Western companies sold-off, abandoned or gave away their Russian operations

Putin T-shirts, robots and the Taliban -- but few Westerners at Russia's Davos

Trucks queue at the Bashmakh border crossing in Iraq, where some Iranian drivers described shortages of staple goods back home

Iranians buying supplies in Iraq tell of fear, shortages back home

The Fuggerei housing complex was founded in 1521 by the wealthy businessman Jakob Fugger

88 cents a year for those in need

Middle Age rents live on in German social housing legacy

Right-wing mogul

Paul Marshall: Britain's anti-woke media baron

The EU opened an investigation in March 2024 into AliExpress, owned by Alibaba, over suspected breaches of rules aimed at countering the spread of illegal goods and content online

'In breach of obligations'

China's AliExpress risks fine for breaching EU illegal product rules

The inflation update followed official data last week showing that Britain's economy shrank more than expected in April

After April surge

UK inflation dips less than expected in May

Meta offered $100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker's talent, OpenAI CEO Sam Altman has said

Unsuccessful bid

Meta offered $100 mn bonuses to poach OpenAI employees: CEO Altman

US soldiers install a floating element used to assemble a transportation barge across the Danube river on June 13, 2025

Resisting Trump

Spain pushes back against mooted 5% NATO spending goal

But the number of Taiwanese companies in Kunshan has fallen from more than 10,000 a decade ago to fewer than 5,000 today, according to unofficial data

Stoking safety fears

Taiwan's entrepreneurs in China feel heat from cross-Strait tensions

Any deal to sell TikTok's business in the United States would need approval of the Chinese government amidst a trade war between the two countries

Another 90 days

Trump extends TikTok deadline for third time

Donald Trump left the G7 summit early but later said it had 'nothing to do' with a possible ceasefire between Israel and Iran

Investors on edge

Oil prices jump, stocks drop as traders track Israel-Iran crisis

European Commission President Ursula von der Leyen and her husband Heiko arrive at the Group of Seven (G7) Summit

Urgency reduced

EU chief says pressure off for lower Russia oil price cap

A nationwide power outage in Spain in April halted trains, shut businesses and plunged cities into darkness

Uncontrollable chain reaction

Spain says 'overvoltage' caused huge April blackout

US President Donald Trump left the G7 Summit in Canada early, heading back to the White House as Israel and Iran traded missile fire for a fifth straight day

'We're talking'

Trump says EU not offering 'fair deal' on trade

The debris from the collapsed glacier dammed a river, submerging the village of Blatten

Destroyed village

Swiss insurers estimate glacier damage at $393 mn

In May, US retail sales fell 0.9 percent from the prior month, more than analysts expected according to government data

Largest decline since start of 2025

US retail sales slip more than expected after rush to beat tariffs

The agreement will slash tariffs on British carmakers by the end of June

On G7 summit sidelines

UK automakers cheer US trade deal, as steel tariffs left in limbo

Smartphone use should not be allowed before 12, said the report

Mental health concerns

Dutch suggest social media ban for under-15s

The yearly survey from the Reuters Institute for the Study of Journalism found 'for the first time' that significant numbers of people were using chatbots to get headlines and updates

Traditional media losing ground

Poll finds public turning to AI bots for news updates

Tether is a stablecoin pegged to the dollar

Backed by traditional assets

Why stablecoins are gaining popularity

With Beijing sustaining military pressure on the island, Taiwan is increasing investment in aerial and maritime drones, which have been widely used in Russia's war in Ukraine to outfox traditional heavy weaponry

Contested waters

Taiwan tests sea drones as China keeps up military pressure

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