Hino Motors, a Toyota subsidiary, pleaded guilty to emissions fraud in the U.S., fined $521.76M, and faces 5 years probation, halting diesel engine imports.
Apple is losing over $1 billion annually on Apple TV+, spending $5 billion a year on content since 2019, though it cut the budget by $500 million last year.
Lamborghini's 2024 revenue rose 16% to €3.09B, despite concerns over potential U.S. tariffs. It sold 10,687 cars, with 3,000 in the U.S., its biggest market.
France's Bpifrance will launch a €450M fund to finance defense projects as part of efforts to boost military spending amid concerns over Russian threats and U.S. support.
EU regulators ordered Apple to open its ecosystem to rivals under the Digital Markets Act, warning of potential fines for non-compliance.
Deutsche Bank will cut branches and reduce retail bank staff by 2,000 in 2025 as part of cost-cutting efforts, CEO Christian Sewing announced.
Chinese AI startup Zhipu AI raised 300M yuan ($41.5M) from a Chengdu government fund, adding to recent investments from Zhuhai and Hangzhou as cities boost AI support.
A judge blocked the Trump administration from terminating $14B in climate grants, saying fraud claims were insufficient. The EPA's freeze on funds was also lifted.
Pfizer sold its entire stake in Haleon for £2.5B ($3.24B), offloading 7.3% of the company. Haleon will buy back 44M shares, with 618M sold to investors.
Santander UK plans to close 95 branches and cut around 750 jobs, leaving 349 branches, including 290 full-service and 36 with reduced hours.
Trump's administration has admitted firing nearly 25,000 workers and said federal agencies are working to reinstate them after a judge ruled the terminations likely illegal.
US stock allocation saw its biggest drop ever in March due to concerns over stagflation, trade wars, and US exceptionalism, according BofA reports.
Siemens will cut 5,600 jobs in its digital industries business due to lower demand in China and Germany, and increased competition, reducing orders and revenue.
Germany's parliament will vote on a 500-billion-euro fund to boost infrastructure and security spending, despite trade tensions with the US and after recent elections.
Toronto ends financial incentives for Tesla taxis and ride shares due to US trade tensions, but offers fee reductions for electric vehicles to lower emissions.
In 2024, the Swiss National Bank bought 1.2 billion francs in foreign currency, a sharp drop from 132.9 billion francs sold in 2023 as inflation was controlled.
Drugmakers urge the Trump administration and EU to exclude medical goods from tariff wars to avoid price hikes on popular drugs like Novo Nordisk's Wegovy and Merck's Keytruda.
Goldman Sachs lowers its Brent oil price target for December 2025 to $71 per barrel, citing softer growth due to Trump's tariffs and eased supply worries from geopolitical efforts.
President Trump's planned 25% tariffs on imports from Canada and Mexico, starting April 2, are expected to slow economic growth and increase inflation in the U.S., Canada, and Mexico, according to the OECD
PepsiCo will acquire prebiotic soda brand Poppi for $1.95 billion to expand in the "healthier soda" market as traditional beverage demand drops. Shares rise 1.5%.
China has let expire export registrations for over 1,000 U.S. meat plants, including Tyson, Smithfield, and Cargill, amid ongoing trade tensions.
Bessent says market corrections are normal, and with proper policies, the market will thrive. Tariffs and trade concerns continue to impact sentiment.
AstraZeneca will buy biotech firm EsoBiotec for up to $1B, using its platform for faster, transformative cell therapy. Deal expected to close in Q2 2025.
Thailand approved $2.7B in investments for data centers and cloud services, including projects from Beijing Haoyang, Empyrion Digital, and GSA Data Center 02.