BUSINESS

Meta Faces Landmark US Antitrust Trial

Facebook CEO Mark Zuckerberg attends the inauguration of Donald Trump
Social media juggernaut Meta stands trial on Monday facing serious US government allegations that it abused its market power to acquire Instagram and WhatsApp before they could become competitors.
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The global pandemic caused stock markets around the world to crash in 2020

The Worst Market Crashes Since 1929

Monday's stock market collapses in Asia and Europe after China retaliated to steep US tariffs revived memories of similar market turmoil after the Covid pandemic and the last global financial crisis.
AFP news Apr 07, 2025
BP chairman Helge Lund will likely step down next year

BP Chairman To Step Down After Energy Strategy Reset

BP on Friday said chairman Helge Lund will step down after a major reset at the British energy giant that saw it recently shelve carbon-reduction targets to focus on fossil fuel output.
AFP news Apr 04, 2025
Will US consumers continue to buy cars after tariffs raise sticker prices?

Carmakers Face Doubts And Jolts Over US Tariffs

Raise prices or cut into their margins, open or close factories: carmakers must soon make major decisions as the United States imposes stiff tariffs on imported vehicles.
AFP news Apr 01, 2025
The Bitcoin cryptocurrency has had a rocky ride since launching in 2008, and support from world leaders such as US President Donald Trump could do it more harm than good

Political Support Leading To Increasing Fallout For Crypto

Support for cryptocurrencies from US President Donald Trump or Argentine leader Javier Milei has seen investors lose billions of dollars and is damaging a sector struggling for credibility, researchers told AFP. "The entire crypto industry is being tarnished," said Claire Balva, strategy director for fintech company Deblock.
AFP news Apr 01, 2025
Buyer's regret? A Tesla driver in Denmark put this sticker on his car, a trend seen elsewhere in the United States and Europe

Tesla Sales Sink By Nearly Half In Europe

Tesla sales plunged in the European Union in the first two months of the year, auto industry figures showed Tuesday, as Elon Musk's politics and ageing models may be turning consumers away.
AFP news Mar 25, 2025
Han Jong-hee, who has died at the age of 63, joined Samsung in 1988 and was seen as having played a key role in getting its high-end TV sets noticed worldwide

Samsung TV Pioneer Han Jong-hee Dead At 63

Samsung Electronics co-CEO Han Jong-hee, credited with boosting the South Korean tech giant's television business on the global stage, died of a heart attack Tuesday aged 63, the company said. "He died from cardiac arrest today," a Samsung spokesperson said, adding that Han was survived by his wife and three children.
AFP news Mar 25, 2025
Electric vehicle maker BYD hit a record high after news of a battery it says can charge in just five minutes

Markets Track Wall St Gains As Tech Inspires Hong Kong

Asian and European equity markets rallied on Tuesday following another positive day on Wall Street stoked by US data that eased recession fears, while Chinese tech firms helped propel another surge in Hong Kong.
AFP news Mar 18, 2025
Taiwanese tech giant Foxconn reported a lower-than-expected net profit for 2024, although demand for its artificial intelligence servers remained robust

Taiwan Tech Giant Foxconn's 2024 Profit Misses Forecasts

Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust.
AFP news Mar 14, 2025
Demonstrators protest against the Ceraweek by S&P Global energy conference, near the hotel where the conference is being attended, in Houston, Texas, on March 10, 2025

Oil Companies Greet Trump Return, Muted On Tariffs

Oil executives said Tuesday they are bullish on US petroleum investments in the emerging Trump era as some giants back away from renewable energy and beef up fossil fuel developments.
AFP news Mar 12, 2025
After Elon Musk bought Twitter in late 2022 he gutted the staff, raising concerns about the safety and stability of the platform he has renamed X

Musk Says X Hit By Major Cyberattack

Elon Musk said X was hit Monday by a major cyberattack, raising questions as to whether the politically divisive billionaire is being targeted or his decision to gut staff at what was once Twitter is haunting the social network.
AFP news Mar 11, 2025

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