News

Fri, 04 Apr 2025 03:30:04 GMT

U.S. trade deficit narrows

The U.S. trade deficit narrowed 6.1% to $122.7B in February, but high imports continued as businesses rushed to avoid tariffs, affecting Q1 economic growth

Fri, 04 Apr 2025 03:00:06 GMT

Trump's approval decreases

Trump's approval rating dropped to 43%, the lowest since his return, due to dissatisfaction with tariffs and the Yemen military strike, a Reuters/Ipsos poll showed.

Thu, 03 Apr 2025 21:30:04 GMT

Tariffs force retail stocks to drop

Nike, Adidas, and Puma shares dropped after Trump imposed new tariffs on key sourcing markets, including Vietnam, Indonesia, China, and others, raising rates significantly.

Thu, 03 Apr 2025 18:30:05 GMT

Tesla sales drop

Tesla's Q1 sales dropped 13%, the lowest in nearly three years, hit by Musk's politics, rising competition, and delays in launching new models like the Model Y.

Thu, 03 Apr 2025 15:30:06 GMT

South Korea want to discuss trade deal

South Korea's acting President Han Duck-soo urged talks with the U.S. to protect the economy from tariffs and ordered emergency support for businesses.

Thu, 03 Apr 2025 12:30:05 GMT

OnlyFans founder set to acquire TikTok

Tim Stokely's startup, Zoop, has partnered with the Hbar Foundation to submit a plan to acquire TikTok from ByteDance, sending their bid to the White House.

Thu, 03 Apr 2025 09:30:05 GMT

U.S. implements new trade tariffs

The latest U.S. trade tariffs could weaken a fragile global economy, already hit by inflation, debt, and geopolitical issues, possibly marking a shift in globalization.

Thu, 03 Apr 2025 06:30:05 GMT

President of ECB comments on tariffs

ECB's Christine Lagarde warned that Trump's planned tariffs will have a global negative impact, with the extent depending on their scope, duration, and negotiations.

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.

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