Business & Tech

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Business & Tech

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

This screen grab taken from a screen recording of the MarineTraffic website on April 21, 2026, shows data visualisation of maritime traffic in the Gulf, Strait of Hormuz and Gulf of Oman from April 18 to April 20

Week set to end on negative note

Renewed hopes of Iran peace talks keep oil under $100 per barrel

Porsche is parting ways with Croatian 'supercar' manufacturer Bugatti Rimac

Still to be approved by regulators

Porsche exits sports car maker Bugatti Rimac

Opens Friday in Beijing

Chinese EVs, flying cars take centre stage at world's biggest auto show

A prototype of Tesla's Cybercab seen at the 8th International Import Expo in Shanghai in November 2025

Tesla starts 'robotaxi' production: Musk

Malaysia's rubber industry relies on oil and other raw materials affected by the disruption to global shipping through the Strait of Hormuz

Supply chain disruptions

Mideast war drives up condom, rubber glove prices: manufacturers

Photo illustration shows the DeepSeek app on a mobile phone in Beijing

As DeepSeek-V4 is released

Five things to know about Chinese AI startup DeepSeek

DeepSeek's latest version comes after it stunned the world with a low-cost reasoning model

'Preview version' now available

China's DeepSeek releases long-awaited new AI model

Chinese startup DeepSeek has released a new artificial intelligence model with "drastically reduced" costs

A look at the companies

China's top AI players

This photo illustration taken in Hong Kong shows phones displaying screenshots of a video from Chinese model and influencer Christine Li accusing an AI microdrama of stealing her likeness without consent

Legal and regulatory grey areas

'Clearly me': AI drama accused of stealing faces

In a new, deception-filled internet, rapid advancements in generative AI distort shared realities and empower anonymous scammers to target professionals with public-facing profiles.

YouTube offers deepfake detection to Hollywood

Intel says a boom in AI 'agents' that independently tend to computer tasks is helping fuel demand for the US chip maker's products

Smashed quarterly earnings expectations

Intel earnings signal recovery at US chip maker

Meta co-founder and chief executive Mark Zuckerberg (C) has made the quest for 'superintelligence' a priorty for the tech giant

Around 8,000 employees

Meta plans 10% layoffs as AI spending soars: source

OpenAI president Greg Brockman says the new GPT-5.5 model can tend to more computer work without human supervision

GPT-5.5 'new class of intelligence'

OpenAI says new model adept at making AI better

Schiphol Airport is reducing its costs for struggling airlines

Temporary measure

Amsterdam airport offers airline discounts over fuel costs

All of Bernard Arnault's five children addressed the LVMH shareholders' meeting in Paris on Thursday

World's biggest luxury conglomerate

LVMH's Arnault says to talk of retirement in '7-8 years'

Lufthansa received a massive government bailout during the pandemic

German airline giant

Lufthansa loses fight over bailout at EU top court

EssilorLuxottica has pushed hard into wearable tech and has a tie-up with Meta for its Ray-Ban AI glasses

French-Italian company

EssilorLuxottica sales slide as investors turn wary of AI glasses

Nearly one in five cars sold in the EU in the first three months of this year was an electric vehicle

As petrol prices soar

Electric vehicles supercharge EU car sales

Revenue surpassed 50 trillion won for the first time in a single quarter, while operating profit nearly doubled compared to the previous three-month period

Chip giant SK hynix posts record quarterly profit on AI boom

Tesla CEO Elon Musk is expected to field questions about an aggressive capital spending plan

Autonomous driving, humanoid robotics, and AI

Tesla reports higher profits, confirms hefty spending ahead

Anthropic has delayed a general release of its latest model Mythos, which it says can spot undiscovered security holes that have existed for decades

Boon for hackers?

Anthropic probes unauthorized access to Mythos AI model

Brands including BYD, Chery, Geely and XPeng achieved a nine percent share of European sales in March

Local production incoming?

Chinese carmakers aim to build up presence in Europe

Chery is looking to design and build a car in Europe

China's third-largest carmaker

Chery wants to make small electric car in Europe

Geoffrey Hinton, known as the 'Godfather of AI,' attending the Hinton Lectures in Toronto, Canada in 2025

Need for regulation

Unregulated AI like speeding with no steering wheel: AI godfather Hinton

WIPO director general Daren Tang was reappointed for a second term

World Intellectual Property Organization

Singapore's Tang gets second term at UN's patent agency

US Energy Secretary Chris Wright, pictured at a speaking event in Washington on April 13 2026, acknowledged that he was "speculating"

Departing from Trump's tone

US official says gas prices have peaked despite Iran war

Apple's Tim Cook (L) will take over as chairman of the board after he cedes the CEO position at the storied technology company

Apple's Tim Cook to step down as CEO after 15-year run

Steel-making is a highly energy-intensive industry

'Expectations are negative'

German investor morale lowest in over 3 years on Iran war fallout

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