Business & Tech

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Business & Tech

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

The rocketing cost of a key part of Japanese people's diet is growing into a crisis for the government

Japan core inflation tops forecasts as rice prices almost double

Japan's Prime Minister Shigeru Ishiba responds to questions after a telephone conversation with US President Donald Trump, at the prime minister's office in Tokyo on May 23, 2025

Japan PM presses Trump on tariffs ahead of new talks

Trump flew by helicopter to the private event, where he stayed for just over an hour

Closed-door dinner

Trump attends memecoin gala as protesters slam 'crypto corruption'

First Lady Melania Trump said her audiobook is 'narrated entirely using artificial intelligence in my own voice'

'My story, my perspective, the truth'

Melania Trump uses AI vocal replica to narrate audiobook

Anthropic CEO Dario Amodei calls Claude 4 the San Francisco-based startup's most powerful generative artificial intelligence model to date

Their 'most powerful model yet'

Anthropic touts improved Claude AI models

Vehicles enter Banff National Park during the G7 Finance Ministers in Canada

Constructive talks

G7 finance talks end in show of unity despite tariff turmoil

Volatility in the US Treasury market points to unease over US deficits as Congress weighs President Trump's massive tax cut legislation

Stock markets sluggish as Trump tax cuts clear House

Secretary of State Marco Rubio says Chevron must wrap up operations in Venezuela, without exception

Wrapping up operations

State Dept says Chevron must leave Venezuela, even as American freed

Disney has said the Venezuelan employees will be on leave without pay but with benefits 'to ensure they are not in violation of the law'

Disney suspends Venezuelan workers after protected status revoked

Leo XIV chose his papal name after Leo XIII who addressed the social issues raised by the first industrial revolution

Pope's call to tame AI sets tone for Christian leaders

Lei Jun, co-founder and CEO of Xiaomi, speaks in Beijing on May 22, 2025

Xiaomi launches new advanced in-house mobile chip

European farmers say Russian fertilizer is cheaper and easier to get

Despite farmers' fears

EU parliament backs Russian fertiliser tax opposed by farmers

As Google tests weaving ads into its new AI Mode online search it remains to be seen how well marketing messages will be clearly and smoothly worked into results

Financial bedrock

Ads pressured to evolve as AI changes Google search

The gathering of G7 finance ministers and central bank governors in Canada could find less agreement this year amid economic worries stemming from US President Donald Trump's tariffs

'Tough discussions'

G7 finance chiefs seek unity as Canada talks near end

Donald Trump is considering selling off US mortgage-backing giants Fannie Mae and Freddie Mac almost two decades after they were brought under government control during the global financial crisis

Mortgage-backing giants

Trump says mulling privatizing Fannie Mae and Freddie Mac

The action by the consumer groups names easyJet, Norwegian, Ryanair, Transavia, Volotea, Vueling and Wizz Air

Misleading passengers

Consumer groups want airlines to pay for baggage fees 'distress'

OpenAI CEO Sam Altman reasons that a technology as powerful as generative artificial intelligence calls for a new device with the potential to transform lifestyles the way the iPhone did

From iMac to AirPods

Apple design legend Jony Ive joins OpenAI

The US dollar is under pressure from fiscal concerns surrounding Trump's tax bill

Dollar, US bonds under pressure as Trump pushes tax bill

Bitcoin investors see brighter days ahead with a US bill on cryptocurrency getting bipartisan support

Support for currency on the rise

Bitcoin hits record high amid optimism over US legislation

The Bloomberg terminal is the crown jewel of the media empire founded by US billionaire Michael Bloomberg in 1981 and counts some 350,000 users worldwide

Disrupting UK auction

Bloomberg financial markets data service hit by outage

Finance Minister Enoch Godongwana said South Africa was looking to hike fuel prices to cover a budget deficit

Forced to backtrack on proposals

Third time lucky? South Africa presents revised budget

UK regulators allowed private companies to hike household bills from April

Disappointing figures

UK inflation hits 15-month high as utility bills soar

The European Commission wants to make it easier for mid-sized businesses to operate across the EU

Trade barriers to be assessed

EU plans to slash red tape for medium-sized companies

Baidu operates China's main search engine and has long been a key player in the domestic tech industry -- but faces stiff competition both from traditional rivals like Tencent and Alibaba and a host of newer upstarts

Search engine giant seeks expansion

China's Baidu posts rise in Q1 revenue as seeks to grow AI presence

MultiChoice is Africa's largest pay TV enterprise and includes SuperSport and DStv

Competition authority approves deal

Canal+ buyout of S.Africa's MultiChoice one step closer

Marks and Spencer said information stolen could include names, dates of birth, home addresses and telephone numbers

Online shopping remains down

Cyberattack costs UK retailer Marks & Spencer £300 mn

Washington has expanded its efforts in recent years to curb exports of state-of-the-art chips to China, concerned that these can be used to advance Beijing's military systems and otherwise undermine American dominance in AI

Amid new Washington guidelines

China slams US 'bullying' over new warnings on Huawei chips

Thousands of roads and bridges, many from the 1960s and 1970s, are reaching the end of their lifespans

Germany's infrastructure push needs more than money

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