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BUSINESS

China slaps extra tariffs on imports of major US farm products

China announced on Tuesday it will impose additional tariffs of up to 15% on imports of major US farm products, including chicken, pork, soy...

Apple announces huge US investment amid tariff threats that could affect iPhone

Apple has announced it will invest more than $500 billion (€477 billion) in the United States over the next four years, including plans to...

Google agrees to pay Italy €326m to settle tax evasion investigation

Italian prosecutors said on Wednesday that they are seeking to have a tax evasion investigation against Google dropped after the tech giant agreed to...

Elon Musk-led group proposes buying ChatGPT-maker OpenAI

A group of investors led by Elon Musk has said it is offering more than 97 billion dollars (£78.3 billion) to buy OpenAI, escalating...

German government slashes economic growth forecast for this year to 0.3%

The German government has slashed its 2025 growth forecast for the country’s economy – Europe’s biggest – to just 0.3%, after it shrank for...

Boeing posts $3.8bn loss in fourth quarter

Boeing posted a fourth-quarter loss of $3.8 billion (€3.4 billion) on Tuesday as a machinists’ strike and other problems continued to plague the troubled...

Ex-Abercrombie CEO’s dementia ‘may leave him incompetent to face sex charges’

Defence lawyers say the former CEO of Abercrombie & Fitch may have dementia, and a competency hearing is necessary to determine if he can...

Pope seeks debt reduction for poorer countries to mark Vatican’s jubilee year

Pope Francis has called on wealthy countries and institutions to substantially reduce, if not outright cancel, debt as a matter of justice on the...

Bitcoin passes 100,000 dollars for first time

Bitcoin has topped 100,000 dollars (£78,701) for the first time as a massive rally rolls on, only hours after US President-elect Donald Trump picked...

General Motors lays off about 1,000 workers worldwide

General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global car market. The workers, mostly...

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