Audi cuts 2025 outlook, citing higher U.S. tariffs and restructuring. Revenue now seen at €65–70B, with margins trimmed to 5–7% from earlier 7–9% forecast.
Von der Leyen calls US-EU trade deal "best we could get," noting it avoids looming 30% tariffs; most EU goods will face a 15% US tariff, including cars and chips.
Euro and U.S. futures climb after trade deal clarity eased market fears, boosting S&P 500 e‑minis and investor sentiment
Valeo shares dropped 16% after cutting its 2024 sales forecast by €1B, citing a weaker dollar and falling global car sales.
Meta will halt political and social issue ads in the EU from October, citing legal uncertainty over new EU rules, following a similar move by Google.
Puma shares fell 16% after warning of an annual loss, citing weak sales, U.S. tariffs, and poor demand for retro sneakers like the Speedcat.
VW took a €1.3B hit from tariffs and cut 2025 forecasts as U.S. trade tensions, China competition, and EV rules weigh on European carmakers.
US regulators approve $8.4B Paramount-Skydance merger, giving David Ellison control of CBS, Paramount Pictures, and Nickelodeon amid press freedom concerns.
BT names Patricia Cobian as first female CFO as it pushes ahead with £3 billion in cost savings and accelerates full fibre broadband rollout by 2030
LVMH's CEO reveals new Texas factory as group expects 'good outcome' from EU‑US tariff talks — Expansion plan and optimism about EU‑US negotiations
Rio Tinto may sell its titanium unit amid weak prices and low returns, as incoming CEO Simon Trott considers a restructuring of the mining giant.
Solar and wind projects in the U.S. face setbacks as Bila Solar, Heliene, NorSun, and others pause or review expansion and construction plans.
Novartis will pay up to $1B to U.S. biotech Matchpoint to develop oral drugs targeting inflammatory diseases by blocking key protein activity, Matchpoint said.
German business activity grew slightly in July, with manufacturing rising for a fifth month and services steady, though PMI dipped to 50.3 from 50.4 in June.
Deutsche Bank posted a better-than-expected Q2 profit despite mixed investment banking results and euro strength, as it nears the end of its 3-year turnaround plan.
TotalEnergies' Q2 profit dropped 23% to $3.6B, its worst in 4 years, as falling oil and gas prices offset higher output, in line with analyst forecasts.
Japan's manufacturing shrank in July amid U.S. tariff worries, while services grew at the fastest pace in 5 months, boosted by strong demand, a survey showed.
The ECB is set to hold rates after seven cuts, pausing at 2% as it waits for clarity on EU-U.S. trade ties after inflation fell from post-COVID and war surges.
President Trump will visit the Fed Thursday after blasting Chair Powell for not cutting rates enough, even calling him a "numbskull" and hinting at firing him.
Stellantis is recalling 121,398 U.S. vehicles over head restraints that may not lock properly, raising injury risks in a crash, U.S. regulators said.
Three Democratic senators urged Delta to explain its AI-based ticket pricing, warning it could raise fares to each traveler's "pain point" and harm consumer privacy.
UK borrowing costs high amid global interest rate pressures, driven by U.S. policy mix
Nikkei jumps 3.2% after U.S.–Japan trade deal boosts investor confidence across Asian markets.
$5.3B exits from global equity funds on tariff fears; bond and precious metal funds see inflows.