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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Elon Musk loses his court battle against Sam Altman's OpenAI, but vows to keep fighting
A California court ruled on Monday that Elon Musk has waited too long to file a lawsuit against OpenAI's leadership accusing them of misleading the pu...
Elon Musk loses lawsuit against OpenAI and Sam Altman
Tech billionaire Elon Musk has lost his $160 billion dollar lawsuit against OpenAI and its chief Sam Altman in a federal court in California. After 11...
G7 finance ministers meet in Paris as headwinds mount for global economy
Finance ministers and central bankers from the world's top economies are gathering in Paris as the US war on Iran threatens to undermine the global fi...
Cuba runs out of fuel, diesel amid US blockade
Cuba has run out of fuel and diesel, as the US blockade plunges the island deeper into an energy crisis. The government is now considering a renewed o...
Nvidia's Jensen Huang attends Trump-Xi summit in bid to revive sales of chips to China
The CEO of Nvidia, Jensen Huang, is among the delegation of CEOs that met with US President Donald Trump and his Chinese counterpart Xi Jinping on Thu...
Trade, tech, and rare earths to dominate Trump's China trip
More than a dozen executives from the world's largest companies have joined US President Donald Trump on a high-stakes visit to China. The business de...
Trump heads to Beijing with delegation of US business leaders, hopes China will 'open up'
US President Donald Trump is expected to land in China this Wednesday ahead of a summit with his Chinese counterpart Xi Jinping. Trump is accompanied...
Japanese crisp bags turn black and white due to Iran war
Global oil prices rose further on Tuesday with Brent crude climbing near $110 a barrel, as a standoff over the Strait of Hormuz continues with the US...
100 million barrels lost every week Strait of Hormuz is shut, Saudi Aramco CEO says
Oil prices continued to climb on Tuesday, as US President Donald Trump said the ceasefire with Iran was "on massive life support". Meanwhile, the CEO...
Starmer announces plans to fully nationalise British Steel
British Prime Minister Keir Starmer said he would introduce legislation this week to give the government powers to take full ownership of British Stee...
Crude oil prices rise as Trump calls Iran's offer 'totally unacceptable'
Benchmark crude oil prices rose on Monday as US President Donald Trump rejected Iran's latest counterproposal to find an end to the war in the Middle...
Travel costs soar for Champions League final
Fans of Paris Saint-Germain and Arsenal are facing soaring costs, as they scramble to book trips to Budapest for the final of the Champions League. De...
Musk vs. OpenAI trial: Shivon Zilis testifies Musk wanted Tesla to take over OpenAI
In the second week of the trial pitting Elon Musk against OpenAI CEO Sam Altman, former board member Shivon Zilis took the stand before judge and jury...
G7 trade ministers seek common ground on minerals
Trade ministers from the Group of Seven industrialised nations have tried to find common ground, amid geopolitical tensions and trade uncertainty. In...
Samsung Electronics reaches $1 trillion market cap thanks to surging demand for AI chips
The world's largest maker of memory chips, South Korea's Samsung Electronics, has seen its valuation reach $1 trillion this Wednesday. The company's p...
EU, Armenia sign new partnership deals at first bilateral summit
The EU and Armenia have held their first-ever bilateral summit, agreeing to foster closer economic ties as the former Soviet nation makes a cautious p...
Can solar cars become mainstream?
The energy crisis caused by the Iran war has been a wake-up call and prompted governments to try to speed up a shift to electric cars. Could solar car...
GameStop makes $56 billion bid to take over eBay in hopes of building Amazon rival
Video game retail company and meme stock champion GameStop has made an offer to take over bidding website eBay for $56 billion. If successful, GameSto...
Crude oil prices hit four-year high as Iran war threatens to drag on
Brent crude has jumped to its highest level since the start of the Ukraine war after US President Donald Trump signalled that the American blockade on...
'Uncertainty but a lot of resilience' in Latin America, says IDB head
The energy shock and economic headwinds caused by the Iran war have increased uncertainty in Latin America – but the region remains resilient. That's...
Why is the UAE choosing to leave OPEC?
OPEC faces a double crisis as it manages both the energy shock caused by the closure of the Strait of Hormuz, and the departure of the UAE. Also in th...
UAE leaves OPEC in a blow to oil cartel
The United Arab Emirates has announced it will leave OPEC and OPEC+ on May 1, in a significant blow to the oil cartels. In a statement, the Gulf count...
Musk vs Altman: two tech mavericks go head to head in OpenAI trial
Two of Silicon Valley's best-known tech moguls, Elon Musk and Sam Altman, are to face each other in court, with the trial's jury selection getting und...
With travel chaos looming, Brittany Ferries vows no price hikes
With a summer of travel chaos looming for many European holidaymakers, one ferry operator is promising smooth sailing. Christophe Mathieu, CEO of Brit...
Warner Bros. shareholders set to vote on Paramount takeover bid
Shareholders in Warner Brothers Discovery are voting this Thursday to approve or reject a $110 billion acquisition offer from Paramount Skydance in th...
EU unveils plan to tackle energy crisis
The European Union has unveiled plans to shield households and businesses from the energy crisis triggered by the war with Iran. The bloc says it has...
Iran's workers face waves of layoffs as war batters domestic economy
Iranians are confronting mass layoffs and soaring inflation amid destroyed infrastructure and internet blackouts. We take a closer look. But first: US...
France freezes some spending to offset €6 billion fallout from Iran war
France says the economic fallout from the Iran war has cost the country at least €6 billion, as the government has rolled out support measures for bus...
Tim Cook to step down as Apple CEO after 15 years in the job
Apple has named John Ternus as its new CEO to replace Tim Cook, who is stepping down in September after 15 years at the helm of the tech giant. We tak...
Mythos shock - is AI taking cybersecurity risks to new levels?
Governments and regulators are assessing potential implications and urging critical sectors to beef up their defences after a powerful new AI model se...
Billion-dollar tariff refund process kicks off in US
US businesses can finally start applying for tariff refunds following the US Supreme Court's ruling earlier this year that President Donald Trump had...
European airlines could run out of jet fuel 'in six weeks'
European airlines could run out of jet fuel in six weeks' time. That's the stark warning from the head of the International Energy Agency, Fatih Birol...
US jury rules Live Nation is illegal monopoly
A federal jury in New York finds for the plaintiffs in an antitrust lawsuit against concert giant Live Nation, which owns Ticketmaster. We take a clos...
US urges IMF, World Bank to abandon climate finance goals
The climate-denialist Trump administration is pushing the World Bank and International Monetary Fund to stop focusing on clean energy development proj...
'War is development in reverse' UNDP chief tells France 24
Amid uncertainty over the war in Iran, the International Monetary Fund has downgraded its outlook for the global economy under three different scenari...
China's exports slow amid surging costs brought on by Iran war
China's exports grew only 2.5% in March from a year earlier, a significantly slowdown caused by the war in Iran. The closure of the Strait of Hormuz h...
War in Iran could accelerate global energy transition
The Iran war has exposed the vulnerabilities of countries reliant on Middle Eastern fossil fuels. Ramon Mendez, former Uruguayan energy secretary and...
Oil prices surge as Trump vows to block the Strait of Hormuz
US crude oil prices surged nearly 8%, reaching US$104 per barrel, as concerns grow over a potential US blockade of the Strait of Hormuz. In March, Ira...
High fuel prices spur interest in EVs
The war in Iran has sent fuel costs soaring, leaving consumers scrambling for savings. At the New York Auto Show, many drivers are warming to the idea...
Rising oil prices: Are we heading for a recession?
Crude oil prices rose again on Thursday as the ceasefire announced by US President Donald Trump and Iran shows signs of fragility. In this edition, we...