News

Thu, 30 Jan 2025 15:30:03 GMT

Land Rover to refinance debt

Jaguar Land Rover is securing a $500M offshore loan to refinance an $800M loan maturing in January 2025, in talks with banks for a four-year term.

Thu, 30 Jan 2025 12:30:03 GMT

French budget on the edge

French budget talks nearly collapsed after Socialist officials paused talks over Prime Minister Bayrou's "invasion" comments on immigration.

Thu, 30 Jan 2025 09:30:03 GMT

Brazil likely to increase rates

Brazil's central bank, led by Gabriel Galipolo, is expected to raise rates by 1% for the second meeting, with concerns over his independence from President Lula.

Thu, 30 Jan 2025 06:30:04 GMT

Riksbank cuts rates

Sweden's central bank reduced borrowing costs by 0.25% to 2.25%, the lowest in over two years, and indicated it may pause its easing measures to evaluate their effects.

Thu, 30 Jan 2025 03:35:05 GMT

Greenlanders are no keen on joining the U.S.

A poll shows 85% of Greenlanders reject joining the US, despite Trump's push to take control of the resource-rich island with a US space facility.

Thu, 30 Jan 2025 03:30:08 GMT

Volvo's lower sales decrease profits

Volvo's Q4 profits fell more than expected due to lower sales, though order intake rose.

Wed, 29 Jan 2025 21:30:03 GMT

Alibaba releases its own AI

Alibaba released its Qwen 2.5 AI model, claiming it surpasses DeepSeek-V3.

Wed, 29 Jan 2025 18:30:03 GMT

ASML shares rise

ASML shares rose 8.7% in Frankfurt after strong Q4 bookings of 7.08 billion euros, driven by high demand for advanced chip-making tools.

Wed, 29 Jan 2025 15:35:03 GMT

Norway's investment fund makes record profit

Norway's $1.8 trillion fund made a record $222 billion profit, driven by U.S. tech stocks.

Wed, 29 Jan 2025 15:30:03 GMT

New Sony CEO, a longtime employee with 38 years at the company

Sony appointed Hiroki Totoki as CEO, boosting profits with a focus on entertainment. Operating profit rose 76% in the September quarter despite weak component demand.

Wed, 29 Jan 2025 12:30:03 GMT

LVMH loses value

LVMH shares fell in Frankfurt as its sales growth disappointed, especially after strong results from rivals like Richemont and Burberry.

Wed, 29 Jan 2025 09:30:03 GMT

The CEO of GM discussed the impact of tariffs with Trump

GM CEO Mary Barra discussed tariffs with Trump, saying the company can minimize their impact. GM's 2025 EPS forecast of $11-$12 exceeds expectations, assuming stable policies.

Wed, 29 Jan 2025 06:30:04 GMT

Google to rename Gulf of Mexico

Google Maps will rename the "Gulf of Mexico" to "Gulf of America" in the U.S. once updated in the Geographic Names System. The name will remain "Gulf of Mexico" in Mexico.

Wed, 29 Jan 2025 03:30:04 GMT

Ubisoft cuts jobs

Ubisoft will close its Leamington site and restructure operations in Europe, affecting 185 employees, to cut costs and prioritize projects after underperforming titles.

Tue, 28 Jan 2025 21:30:04 GMT

SAP clients seek AI tools

SAP SE's Q4 cloud revenue rose 27% to €4.71 billion, slightly surpassing expectations. The company is promoting AI-driven cloud services to attract clients.

Tue, 28 Jan 2025 18:30:04 GMT

UBS cuts jobs

UBS has begun job cuts in Switzerland, impacting management and staff, as part of its Credit Suisse integration. Around 3,000 redundancies are expected.

Tue, 28 Jan 2025 15:30:04 GMT

Open AI disputes with Indian government continue

OpenAI has asked an Indian court to dismiss a copyright lawsuit, claiming ChatGPT uses only public information. The case will be heard in New Delhi on Tuesday.

Tue, 28 Jan 2025 12:30:04 GMT

Scott Bessent confirmed as Treasury Secretary

The U.S. Senate confirmed Scott Bessent as Treasury Secretary on Monday, giving the billionaire hedge fund manager a key role in shaping Trump's policies on tax cuts, spending, and economic relations.

Tue, 28 Jan 2025 09:30:03 GMT

Trump comments on OPEC

Trump called for OPEC to lower oil prices and global interest rates to drop, warning of tariffs on products made outside the U.S. during his speech at Davos.

Tue, 28 Jan 2025 06:30:05 GMT

Repsol to invest in data

Repsol plans to invest 4 billion euros ($4.2B) in data centers, according to Expansion newspaper, citing sources close to the process.

Mon, 27 Jan 2025 21:30:03 GMT

Manufacturing in China contracts

China's manufacturing activity shrank in January, with the PMI dropping to 49.1 from 50.1 in December, fueling calls for stimulus in the world's second-largest economy.

Mon, 27 Jan 2025 18:30:03 GMT

AI impacts Nvidia

Nvidia (NVDA) stock fell 12% after Chinese startup DeepSeek's new AI model raised U.S. competitiveness concerns.

Mon, 27 Jan 2025 16:35:04 GMT

Novo Nordisk to cap insulin

Novo Nordisk will cap out-of-pocket insulin costs at $35 per month as part of a settlement over high pricing accusations.

Mon, 27 Jan 2025 15:30:03 GMT

Trump blocks CBDC

Trump has blocked government agencies from creating or promoting a digital dollar (CBDC) and ordered an end to any ongoing efforts on the matter.

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