Business news
- U.S. halts UK tech trade deal negotiations, FT reports - The 'technology prosperity deal' is aimed at increasing collaboration between the countries on tech like AI, nuclear fusion and quantum
- The AI chip shortage could raise smartphone prices — new research spells out by how much - The average selling price of smartphones in 2026 is expected to rise 6.9%, Counterpoint Research said.
- China lowers anti-dumping tariffs on European pork exporters - China on Tuesday announced lower duties on pork imports and pig by-products from the European Union.
- European markets set to open lower as traders look ahead to central bank action - European stocks are expected to open in lower territory on Tuesday, reversing gains seen at the start of the week.
- Korea Zinc sinks 13% as largest shareholder group challenges U.S.-backed plans for Tennessee smelter - Its largest shareholder group is reportedly opposing plans to create a U.S.-backed joint venture that will see a dilution of its equity stake.
- South Korea stocks lead losses in Asia for a second day as tech sell-off continues on Wall Street - Markets in Australia started the day higher, while markets in Japan and South Korea fell.
- Trump sues BBC for $5 billion, claims defamation from Panorama documentary - The lawsuit by President Trump against the BBC accuses the British broadcaster of trying to influence the outcome of his 2024 election against Kamala Harris.
- Frontier Airlines replaces CEO Barry Biffle with carrier's president - Frontier Airlines is replacing its CEO, Barry Biffle, with the carrier's president.
- PayPal applies to form bank that can offer small business loans and savings accounts - PayPal has applications pending with the state of Utah and the Federal Deposit Insurance Corporation to establish PayPal Bank.
- Trump says he's 'strongly' considering reclassifying pot via executive order - Pot stocks fell on Monday as investors took profits following a record-setting session.