News

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Thu, 27 Feb 2025 15:30:04 GMT

Volkswagen to pay compensation

Volkswagen must pay £21.5m in compensation and a £5.4m fine for unfairly treating 110,000 UK customers, including repossessing cars from vulnerable people.

Thu, 27 Feb 2025 12:30:10 GMT

Rolls-Royce to pay dividends

Rolls-Royce resumes dividends after strong 2024 results, paying 6p per share and launching a £1bn share buyback. Earnings rose 50%, with profit hitting £2.5bn.

Thu, 27 Feb 2025 09:30:03 GMT

Trump proposes gold cards

Trump proposed replacing the EB-5 visa with a "gold card" for $5 million, offering a new path to U.S. citizenship for foreign investors.

Thu, 27 Feb 2025 06:30:04 GMT

Amazon to stream exclusive content

Amazon will stream 21 New York Yankees games on Prime Video for the 2025 season, free for members in select areas, including NY, NJ, and parts of PA.

Thu, 27 Feb 2025 03:30:03 GMT

Home sales in U.S. drop

New U.S. single-family home sales dropped 10.5% in January to a rate of 657,000 units, as high mortgage rates sidelined buyers, marking a soft housing market start.

Wed, 26 Feb 2025 21:30:04 GMT

Bank of Ireland lays of staff

Bank of Ireland will cut jobs as part of a digital efficiency drive, despite a €1.9bn profit in 2024. CEO says job cuts are needed to control rising operating costs.

Wed, 26 Feb 2025 18:30:04 GMT

Apple decides to keep diversity policies

Apple shareholders voted to keep its diversity, equity, and inclusion policies, rejecting efforts by a conservative group to scrap the program at the annual meeting.

Wed, 26 Feb 2025 15:30:07 GMT

New possible tariffs on Copper

Trump launched a probe into copper imports on Tuesday, considering new tariffs to boost U.S. production of the metal vital for electric vehicles, military, and consumer goods.

Wed, 26 Feb 2025 12:30:04 GMT

Japan Post to raeduce stake in Japan Post Bank

Japan Post Holdings plans to sell shares in Japan Post Bank worth around 600 billion yen ($4.02 billion), reducing its stake below 50%, sources said.

Wed, 26 Feb 2025 08:30:03 GMT

Layoffs in Aston Martin

Aston Martin will cut 5% of its global workforce, or 170 employees, to reduce costs and support future investments, according to a company statement.

Wed, 26 Feb 2025 03:35:02 GMT

Bitcoin drops below $90,000

Bitcoin hit a 3-month low below $90,000 on Tuesday, as U.S. tariff concerns and last week's $1.5 billion Bybit exchange ether hack shook investor confidence.

Wed, 26 Feb 2025 03:30:04 GMT

Cigar Sales up

Habanos reports record $827M in sales for 2024, driven by strong demand in China and Asia, with revenue up 16% as wealthy smokers boost luxury cigar demand.

Tue, 25 Feb 2025 21:30:03 GMT

Unilever CEO steps down

Unilever CEO Hein Schumacher steps down after less than two years, replaced by CFO Fernando Fernandez, following weak earnings and restructuring efforts.

Tue, 25 Feb 2025 18:30:06 GMT

Nvidia's earnings on the horizion

Nvidia's AI chip demand will be in focus as investors question if its pricey chips are essential, following claims that China's DeepSeek offers cheaper AI models.

Tue, 25 Feb 2025 15:30:04 GMT

Trump meets Macron

Trump and Macron show stark differences on Ukraine, highlighting a divide between the U.S. and Europe over Trump's push for a quick ceasefire deal with Russia.

Tue, 25 Feb 2025 12:30:05 GMT

Apple invests in the U.S.

Apple plans to invest $500 billion in the U.S. over the next 4 years, including a Texas AI server factory and 20,000 new R&D jobs, boosting local suppliers like Corning.

Tue, 25 Feb 2025 09:30:04 GMT

Microsoft closes AI leases

Microsoft scraps leases for data center capacity, raising concerns about potential oversupply as it builds AI infrastructure, fueling worries of a market slowdown.

Tue, 25 Feb 2025 06:30:04 GMT

Canada's TSX drops

Canada's main stock index dropped 1.4% to a five-week low on Friday, led by declines in energy, mining, and tech stocks, as commodity prices fell and risk aversion rose.

Tue, 25 Feb 2025 03:30:03 GMT

Retail sales in Canada rise

Canadian retail sales rose 2.5% in December to C$69.59B, driven by food, beverage, and vehicle sales, but are expected to drop 0.4% in January.

Mon, 24 Feb 2025 18:30:04 GMT

EU lifts sanctions on Syria

The EU lifted sanctions on Syria's key industries, removing five financial entities from the freeze and allowing funds for the Central Bank to aid recovery.

Mon, 24 Feb 2025 15:30:06 GMT

Australia's top banks halt after $40B loss.

Top Australian banks paused Monday after an A$63B sell-off, following strong growth last year from superannuation and retail investors, trading at high multiples.

Mon, 24 Feb 2025 12:30:03 GMT

Rupee struggles

The Indian rupee rose briefly but fell to 86.69 against the dollar, pressured by state-run banks buying dollars for oil companies.

Mon, 24 Feb 2025 09:30:04 GMT

BBVA raises targets

BBVA raises its target for lending to sustainable businesses to €700B over the next five years, up from €300B previously, focusing on clean tech and innovation.

Mon, 24 Feb 2025 06:30:04 GMT

Tesla recalls cars with power steering issue

Tesla is recalling 375,000 vehicles due to a power steering issue. A software update has been released to fix the problem, with no reports of crashes or injuries.

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