News

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Thu, 03 Apr 2025 03:30:04 GMT

Switzerland increases control on exports

Switzerland has expanded export controls on dual-use goods, including quantum computing, AI, and semiconductors, to stay aligned with international standards and future tech.

Wed, 02 Apr 2025 21:35:04 GMT

Manufacturing equipment demand rises in Germany

German plant and equipment makers' orders rose 8% in February, driven by strong domestic demand. Orders from Germany increased 11%, while foreign orders grew 7%.

Wed, 02 Apr 2025 21:30:05 GMT

Ryanair reaches 200 million passenger mark

Ryanair flew 200.2 million passengers in its fiscal year, making it the first European airline to hit that mark, but cut next year's forecast due to Boeing delays.

Wed, 02 Apr 2025 18:30:04 GMT

Nike braces for tarrifs

Nike may face higher costs if U.S. tariffs target Vietnam, where it makes 50% of footwear and 28% of apparel, potentially raising prices or impacting margins.

Wed, 02 Apr 2025 15:30:04 GMT

Mercedes-Benz increasing inventory

Mercedes-Benz is stockpiling inventory in the U.S. ahead of April 3 tariffs, but is unsure on price hikes, noting the 25% tariff could cut margins by 2.5%.

Wed, 02 Apr 2025 12:30:04 GMT

Hyundai warns about higher prices

Hyundai warns U.S. dealers that vehicle prices may rise after April 2 due to new 25% tariffs, potentially adding $3,000 to U.S.-made cars and $6,000 to imports.

Wed, 02 Apr 2025 09:30:05 GMT

Shell sells its infrastructure in Singapoure

Shell has sold its Energy and Chemicals Park in Singapore to CAPGC, a joint venture between Chandra Asri and Glencore, as part of its business restructuring.

Wed, 02 Apr 2025 06:30:05 GMT

Argentina pursues trade deal with the U.S.

Argentina's foreign minister meets U.S. Secretary of State Marco Rubio to discuss a trade deal ahead of Trump's planned tariffs on April 2, "Liberation Day."

Wed, 02 Apr 2025 03:30:03 GMT

LG to to do business with General Motors

LG Energy Solution's U.S. unit will acquire its Michigan EV battery venture with GM for $2B, with the deal set to close on May 31, pending due diligence.

Tue, 01 Apr 2025 21:30:04 GMT

Tesla's sale fall

Tesla's sales in France and Sweden fell for a third straight month in March, marking the lowest first-quarter figures since 2021, amid controversy over Musk's politics.

Tue, 01 Apr 2025 18:30:03 GMT

Volvo chooses veteran CEO

Volvo Car reappointed Hakan Samuelsson as CEO to navigate U.S. tariffs and the shift to electric vehicles, according to analysts and investors.

Tue, 01 Apr 2025 15:30:04 GMT

OpenAI looks for funding

OpenAI plans to raise up to $40B in funding led by SoftBank at a $300B valuation to boost AI research, infrastructure, and tools, with $10B in April and $30B in December.

Tue, 01 Apr 2025 12:30:04 GMT

Megaquake in Japan could cost half of the GDP

A Japanese government report warns a megaquake off the Pacific coast could cause $1.81 trillion in damage, nearly half of GDP, with up to 300,000 deaths.

Tue, 01 Apr 2025 09:30:07 GMT

Goldman Sachs raises recession odds

Goldman Sachs raised U.S. recession odds to 35%, lowered 2025 GDP growth forecast to 1.5%, and expects three rate cuts each from the Fed and ECB.

Tue, 01 Apr 2025 06:30:07 GMT

Tesla to offer intrest free loans in China

Tesla will offer 3-year interest-free loans for the refreshed Model Y and 5-year loans for Model 3 in China, available until April 30.

Tue, 01 Apr 2025 03:30:06 GMT

Finnish president meets Trump

Finnish President Stub visited Trump in Florida, discussing strengthening ties, including U.S. icebreaker purchases, and promoting peace and security. They also played golf.

Mon, 31 Mar 2025 21:30:03 GMT

UK to continue trade talks with the U.S.

Keir Starmer and Trump agreed to continue "productive" trade talks. The UK may retaliate if excluded from Trump's 25% car import tariff, risking economic losses.

Mon, 31 Mar 2025 18:35:03 GMT

UK workforce to quit if work hours change

A UK poll reveals 48% of workers would consider quitting if forced back to full-time office work. 58% of women vs. 42% of men would leave over this mandate.

Mon, 31 Mar 2025 18:30:06 GMT

Colombia to cut interest rates

Colombia's central bank is set to cut its benchmark interest rate to 9.25% despite inflation and fiscal challenges, with new board members supporting the move.

Mon, 31 Mar 2025 15:30:05 GMT

U.S. Vice President remarks on Security of Greenland

U.S. Vice President JD Vance criticized Denmark's handling of Greenland's safety, suggesting the U.S. could do better, while planning to invest in resources like naval ships.

Mon, 31 Mar 2025 12:30:03 GMT

Global markets tumble

Global markets are on track for their worst monthly loss since 2022, as fears grow over Trump's new tariffs, dubbed "Liberation Day," set to be announced Wednesday.

Mon, 31 Mar 2025 09:30:04 GMT

Philip Morris set to launch new product in USA

Philip Morris launched its IQOS heated tobacco device in Austin, Texas for $60, aiming for a 10% U.S. market share by 2030 in smoking alternatives.

Mon, 31 Mar 2025 06:30:03 GMT

Inflation rises in the U.S.

The Fed's key inflation measure rose 0.4% in February, higher than expected. Consumer spending increased 0.4%, below forecasts, while personal income rose 0.8%.

Mon, 31 Mar 2025 03:30:06 GMT

Chinese President says to global companies to uphold order

Xi Jinping met global executives, urging investment in China and stressing its stability. He emphasized fair opportunities for foreign businesses amid U.S. trade tensions.

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