Business
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Business
A daily update on the latest business and economic news. Live from Monday to Thursday at 9:15am and 6:45pm Paris time.
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Is the US interested in Venezuela's oil?
The US's motives are unclear after it seizes a sanctioned oil tanker off the coast of Venezuela. Also, France's last major home appliance maker goes b...
US Federal Reserve cuts rate by 25 basis points, but dissenting voices heard
The Federal Reserve, the US central bank, lowered its benchmark interest rate by 25 basis points on Wednesday. The move comes as the US economy deals...
US Federal Reserve cuts interest rates for the third straight time
The US Federal Reserve has lowered its benchmark rate by a quarter percentage point, to a range of 3.5%-3.75%. However, it signalled there will be few...
Australian social media ban for kids tackles 'addiction economy', ScrollAware says
As Australia's ban on social media for children under 16 takes effect, we speak with Jess Butcher, a tech entrepreneur and founder of digital wellbein...
Ford, Renault team up on low-cost electric cars to counter Chinese rivals
Automotive heavyweights Renault and Ford are to join forces to develop a line of compact, more affordable Ford-branded electric vehicles and commercia...
US to allow exports of advanced artificial intelligence chips to China
US President Donald Trump said on Monday that he would allow the export of US chipmaker Nvidia's second-most powerful AI chips to China, in spite of c...
China's trade surplus hits record $1.08 trillion after just 11 months
China exported over $1 trillion worth of goods more than it imported for January through November, a record amount that is increasingly seen as untena...
Defence, oil and trade imbalances: Putin arrives in India to boost economic ties
Russian President Vladimir Putin has landed in India for talks with Prime Minister Narendra Modi for the first time since the start of the war in Ukra...
France's Macron pushes for more investment, trade rebalancing in China visit
French President Emmanuel Macron is visiting China with a delegation of business leaders, seeking more Chinese investment in France and a reduction in...
EU proposes using frozen Russian assets to provide €90 billion to Ukeraine
The European Commission has unveiled plans to provide €90 billion to support Ukraine over the next two years, by either using frozen Russian assets or...
EU to unveil new plan to end dependence on China's rare earths
The European Union will release an updated plan this Wednesday to end its dependence on China for rare earths. These critical minerals are considered...
OpenAI's Sam Altman declares 'code red' to improve ChatGPT as rivals threaten its position
OpenAI CEO Sam Altman has declared a "code red" to improve ChatGPT, planning to put all other projects on the back burner. The urgent call in an inter...
Airbus hit by new A320 quality issue days after massive recall
Airbus says it's inspecting "a limited number" of A320s after it identified a quality issue with metal panels used on the exterior of the planes. The...
World governments eye Australian social media ban as they plan their own
Australian children brace for an upcoming social media ban on under-16s as governments around the world consider their own restrictions in a bid to pr...
JP Morgan says it will build the biggest office block in London
Two of Wall Street's biggest banks have announced expansion plans in the UK, a day after the British finance minister revealed a budget that spared th...
Euroclear warns EU that Russian frozen asset plan could lead to higher borrowing costs
The Financial Times is reporting that a depositary firm that holds frozen Russian state assets in the EU has warned that the bloc's plan to use these...
More taxes, higher spending: A closer look at Britain's new budget
UK Finance Minister Rachel Reeves has announced a new budget that includes more taxes for ordinary workers, but higher government spending on social w...
UK's Labour government to present budget under pressure from party base, bond markets
UK Finance Minister Rachel Reeves will present her second annual budget to parliament this Wednesday, promising to plug a spending gap of at least £30...
Volkswagen says it can make new cars entirely in China
German auto giant Volkswagen has announced the completion of a new R&D centre at its hub in Hebei, eastern China, saying that for the first time in th...
EU says loosening tech rules 'not up for negotiation' in trade talks with US
The EU's antitrust chief, Teresa Ribera, says changing regulations on US tech is not on the cards. This comes after US Commerce Secretary Howard Lutni...
EU, US restart trade talks
The EU and the US have restarted their trade negotiations in a bid to settle sticking points left unsolved in their tariff deal reached in July. The U...
EU seeks to deepen trade ties with Africa at summit in Angola
The EU and the African Union are marking 25 years of relations with a summit aimed at boosting economic cooperation, but Europe's investment ambitions...
Beaujolais Nouveau 2025 goes on sale as French wine producers face challenges
It's the third Thursday of November, which means this year's Beaujolais Nouveau has gone on sale. Massively popular in the 1980s, the wine has seen it...
Nvidia's upbeat forecast for future demand calms 'AI bubble' fears
The world's most valuable company, US chipmaker Nvidia, posted better-than-expected results for the latest quarter, showing a 62 percent annual increa...
Rights groups slam EU for rolling back AI data protection rules
The European Union has proposed plans to ease the bloc's strict data protection rules and delay central parts of its new AI law. Brussels says the aim...
Investors await Nvidia results amid AI bubble fears
European markets stabilised on Wednesday morning after losses sustained over concerns that AI stocks might be overvalued. Investors are eagerly awaiti...
French court rejects Perrier "natural water" lawsuit against Neslé
A French court has rejected a demand by a consumer protection group to remove Perrier water bottles from markets over its "natural mineral water" labe...
As Europe aims for "digital sovereignty", biomedical agentic AI could be the next big field
"Europe does not want to be the client" of the US or China in the field of technology, French President Emmanuel Macron has told tech and political le...
Questions over artificial intelligence boom lead to global market selloff
European and Asian equities traded lower this Tuesday, following in the footsteps of Wall Street, as doubts rise as to whether the tech sector's huge...
TotalEnergies buys €5.1 billion stake in Kretinsky's power generation business
France's TotalEnergies has struck a partnership deal with Czech billionaire Daniel Kretinsky's firm EPH. It will create a 50-50 joint venture that wil...
US federal employees go back to work after longest shutdown in history
Federal agencies have started reopening after the longest-ever US government shutdown, but it's likely the lingering effects will be felt for months....
The hard task of rebooting the US government after 43-day shutdown
After President Donald Trump signed a bill into law on Wednesday that funds the US government, his administration ordered federal workers to report ba...
Powered by AI, the era of humanoid robots is here
US firm 1X Home Robots says its first "housekeeping robot" NEO can be ready to start working in homes next year. Meanwhile, China's XPeng unveiled its...
IEA reports shows rising demand for electricity, need for energy diversity
The International Energy Agency (IAE) released its annual World Energy Outlook this Wednesday, underlining the growing global demand for electricity,...
China's 'Singles' Day' goes big, but physical stores are left behind
Chinese consumers, anxious about the slowing economy and worn out by endless retail discounts, are showing signs of fatigue toward the annual "Singles...
Senators pass shutdown-ending bill, lifting US and European markets
After US senators managed to pass a bill that could end what has been the longest government shutdown in US history, equity markets have reacted with...
US Supreme Court expresses scepticism over Trump's reciprocal tariffs
On Wednesday, the US Supreme Court's chief justices heard arguments over the legality of tariffs enacted by President Donald Trump using the Emergency...
Canada unveils ambitious new budget to respond to US tariff shock
Canada's Liberal government unveiled new federal budget plans in the House of Commons in Ottawa on Tuesday, which include a massive spending spree of...
Starbucks sells majority stake in China business amid competition from local rivals
US coffee chain Starbucks has announced it is forming a joint venture with asset management firm Boyu Capital in China, where the latter will hold a 6...
Shein bans sex dolls after France threatens to block market access
Chinese e-commerce giant Shein has come under renewed pressure in France, just days before it opens its first permanent physical retail space in Paris...