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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Musk's SpaceX acquires xAI in largest M&A deal ever
Elon Musk's rocket company SpaceX has acquired his artificial intelligence startup xAI in a deal that values the combined companies at $1.25 trillion....
France adopts delayed 2026 budget ending months of parliamentary deadlock
French Prime Minister Sébastien Lecornu has survived the last of a series of no-confidence votes, allowing the full 2026 budget to be adopted. The cen...
Gold, silver continue to fall as record rally runs out of road
Precious metals continued to lose ground this Monday following steep declines last week, with investors piling out of the safe haven assets after US P...
Meta & Microsoft earnings reports underline huge AI spending, raise profitability questions
Both Meta Platforms and Microsoft shared their latest quarterly results on Wednesday and showed they are still planning on sustained spending on artif...
Fed defies Trump to hold interest rates steady
The US Federal Reserve has defied pressure from President Donald Trump by holding interest rates steady. The policy announcement was partly overshadow...
US dollar extends fall after Trump dismisses concerns over weaker currency
The US dollar weakened to its lowest level in four years on Tuesday after President Donald Trump responded to a question about the currency's fall by...
Sensitive agricultural products excluded from EU - India trade deal
The EU and India have hailed their new free trade agreement as "the mother of all deals". While the pact eliminates or significantly reduces tariffs o...
What's in the India-EU trade deal?
After the presidents of the EU Commission and EU Council signed a free trade deal in New Delhi with India's Prime Minister this Tuesday, we take a loo...
EU, India to sign major trade deal
India has rolled out the red carpet, hosting top EU leaders as guests of honour at its Republic Day parade, a day before the two sides are expected to...
Gold surges to new highs as investors seek 'safe haven' amid global uncertainty
The price of an ounce of gold surged past $5,100 on Monday as investors flock to precious metals and away from currency and treasury markets. The tren...
Trump cancels threatened tariffs after reaching 'framework of deal' on Greenland
Just hours after doubling down on his claim that the US should "get Greenland", Donald Trump made an abrupt U-turn on the tariffs he had threatened to...
LinkedIn data shows sluggish overall hiring but a surge in AI-related jobs
A new report by professional social media platform LinkedIn shows that while jobseekers currently outpace job openings, a "new-collar" era of work is...
France's Macron calls on EU to be ready to activate its 'trade bazooka'
French President Emmanuel Macron has spoken out against Donald Trump's latest tariff threat, describing the US president's approach to trade deals as...
One year since Trump's return to the White House: The US's two-track economy
It's been one year since Donald Trump started his second term as US president, and he's pointing to the country's strong GDP growth rate and stock mar...
French prime minister to push 2026 budget through parliament without vote
French Prime Minister Sébastien Lecornu has announced he will invoke Article 49.3 of the Constitution to pass the 2026 budget bill into law without pa...
Davos to open under threat of trade chaos as Trump floats new Europe tariffs
US President Donald Trump's latest threat of tariffs on eight European nations if Greenland is not sold to the US has EU leaders in crisis mode. Meanw...
Macron calls for €36 billion increase in defence budget by 2030
In his New Year's address to the armed forces, French President Emmanuel Macron unveiled a plan to add €36 billion to the country's multi-year defence...
Musk's xAI limits Grok's capacity to generate sexualised images
Elon Musk's xAI says its Grok AI chatbot will be restricted from generating sexualised images of real people after it was used to create pictures of w...
Some museum entrance fees go up for non-EU tourists in France
Tourists visiting France from outside the European Union now have to pay significantly higher entrance fees at some of the most popular sites in the c...
China sees record $1.19 trillion trade surplus in 2025 in spite of US tariffs
China's customs administration unveiled its latest trade data this Wednesday and announced that the country saw a record trade surplus last year, topp...
Trump praises "low" inflation data, doubles down on rate cut demands
US President Donald Trump says inflation in the country is low enough for Fed chair Jerome Powell to deliver "a big, beautiful cut" to interest rates....
Trump imposes 25% tariff on any country 'doing business' with Iran
US President Donald Trump ramped up economic pressure on the Iranian regime on Monday by announcing he was imposing import duties on the goods of any...
US investigation into Fed Chair Powell sparks chrus of criticism
Criticism has been pouring in from Republican and Democratic lawmakers, former Fed chairs and top officials after the US Justice Department launched a...
America's top central banker Powell targeted by federal probe
US Federal Reserve chair Jerome Powell is under criminal investigation by the Justice Department, a probe he calls a "pretext" amid a pressure campaig...
EU set to pass Mercosur deal after last ditch concessions seem to convince Italy
The EU is set to pass a trade deal with South American trade bloc Mercosur after Brussels unveiled new concessions this week. Also in this edition: HS...
Trump calls for US military spending to increase by 50% in 2027
US President Donald Trump has called for the US military budget to reach $1.5 trillion in 2027, more than half of the allocated spending for this year...
Warner Bros. rejects Paramount's revised offer
Warner Brothers Discovery has rejected the latest takeover bid from Paramount Skydance, saying it's still inferior to a rival offer from Netflix. Desp...
Trump says Venezuela will send 30 to 50 million barrels of oil to US
In a Truth Social post late on Tuesday night, US President Donald Trump announced that Venezuela would be "turning over" between 30 and 50 million bar...
Berlin households grapple with prolonged blackout as a cold snap grips Europe
A severe cold snap has gripped Europe, causing deadly accidents and travel chaos. In the German capital Berlin, freezing temperatures have made the si...
French farmers pile on pressure as Italy reportedly backs Mercosur trade pact
French farmers are continuing their protests across the country this Tuesday, in a bid to raise awareness about the difficult financial situation they...
US's long history of involvment in Venezuelan oil
The Trump administration is reportedly planning to meet executives of top US oil companies to discuss Venezuela this week, after the administration de...
US's big plans for Venezuela's oil face political, economic challenges
US President Donald Trump has made no secret of his desire for American firms to take control of Venezuela's massive oil reserves. But the dilapidated...
EU's new carbon border tax goes into force
The European Union's controversial new rules on polluting industrial imports have gone into effect on January 1, following a two-year transition perio...
Bulgarians ring in the new year by withdrawing euros
As Bulgaria formally adopts the euro currency this January 1, residents in the capital Sofia queued up in front of ATMs just after midnight to withdra...
Leaps and bounds - how the power of AI expanded further in 2025
It's only been three years since ChatGPT leaped onto the world stage, but artificial intelligence is now becoming an integral part of daily life. The...
Bulgaria bids farewell to lev currency, awaits euro adoption amid inflation concerns
Bulgaria will formally adopt the euro as its currency starting on January 1, leaving behind the lev, which it has used since the late 19th century. Th...
Danish post office delivers last letter, ending a 400-year run to adapt to the digital age
It's the end of an era for the Danish post office. Citing a 90 percent drop in letter-sending over the past quarter-century, PostNord has ended delive...
China issues new proposals to regulate AI chatbots around mental health and suicide
China's cyberspace administration has issued new draft rules aiming to regulate how AI chatbots can affect users' emotional wellbeing. The proposed me...
Iran's central bank chief resigns amid protests and currency turmoil
Iran's state TV says the country's central bank chief Mohammad Reza Farzin has stepped down, as the country faces growing protests over the high cost...
E-commerce giant Coupang offers €1 billion compensation scheme after massive data breach
Over a month after announcing a massive data breach affecting 34 million of its users, South Korean e-commerce company Coupang announced this Monday i...