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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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...
Energy crisis not over despite relief rally
Oil prices have plunged and stock markets soared after the announcement of a two-week ceasefire between the US and Iran. But regardless of whether the...
Oil prices fall after ceasefire deal as questions over Hormuz Strait linger
A two-week ceasefire agreement between the United States and Iran on Wednesday led to a steep drop in oil prices and a rebound in Asian and European e...
Qatar warns Iran war can now 'spiral out of control'
As Donald Trump threatened to wipe out an entire civilisation in Iran ahead of his latest deadline for Tehran to open up the Strait of Hormuz, Qatar's...
Israel attacks Iran's South Pars gas field again
Israeli airstrikes have hit two petrochemical plants in Iran's South Pars gas field complex. It is the second time Israel has targeted the key energy...
Could China's adoption of electric vehicles shield it from the energy crisis?
As crude prices hover around the $110 per barrel mark on Monday morning, consumers worldwide are feeling the impact of the war in Iran and the closure...
One year on, what remains of Trump's tariffs?
It has been a year since US President Donald Trump introduced sweeping new tariffs, reshaping the global trade landscape. After 12 months of upheaval...
Iran sets up 'tollbooth' in Strait of Hormuz for ships seeking safe passage
Oil prices rose and stocks fell on Wednesday following US President Donald Trump’s speech in which he warned he would hit Iran “extremely hard” over t...
US fuel prices surge past $4 a gallon
The average price of regular gasoline in the United States has topped $4 a gallon for the first time since 2022, as the war in Iran continues to disru...
Crude prices whipsaw on mixed signals from Iran war
Oil prices searched for direction on Tuesday amid conflicting events related to the Iran war. While US President Donald Trump's threats that the US wo...
Houthi attacks stoke fears of more shipping disruption
Global oil prices have continued to surge after Yemen's Houthi rebels entered the Middle East war, launching attacks on Israeli targets. The Iran-alli...
Oil rises, stocks fall as Iran war enters fifth week and further escalation looms
Oil surged over $115 a barrel this Monday as the war in Iran entered its fifth week. Houthi strikes on Israel have raised concerns that shipping throu...