Chinese auto dealers urge carmakers to stop oversupplying, as price wars hurt cash flow, cut profits, and force some to close, following govt warning.
U.S. LNG exports fell in May due to outages and maintenance at its top export plant, affecting global supply and potentially impacting LNG prices.
Switzerland is set to propose stricter capital rules for UBS after its 2023 Credit Suisse takeover, sparking a likely long debate in parliament over regulation.
Airbus delivered about 51 jets in May, down 4% year-on-year, with 243 delivered so far in 2025—5% less than the same period in 2024, sources say.
Rising debt worries hit big economies as Moody's cuts the U.S.'s last AAA rating and weak demand for Japan's bonds sparks investor concern.
Apple is challenging an EU order requiring iOS changes to boost compatibility with rival products under the Digital Markets Act's interoperability rules.
India's manufacturing growth hit a 3-month low in May on weak demand, but job creation hit a record high as the economy grew 7.4% last quarter, beating forecasts.
Barclays' head of fintech strategy, Andrew Elphick, is stepping down after 14 years at the bank, marking a key leadership change in its innovation team.
Tesla's upcoming robotaxi rollout is raising public concern, as the company faces falling sales and pressure on Musk to refocus amid a tough year.
Steel stocks in South Korea and Vietnam fell after Trump said U.S. will double steel and aluminum tariffs to 50% starting June 4, escalating trade tensions.
HSBC will invest $4B in its private credit funds to boost alternative lending and aims to build a $50B credit fund in 5 years as traditional lending slows.
UK to spend £1.5B on six weapons factories to boost defense, deter threats like Russia, and support 1,800 jobs, as part of a major strategic defense review.
Asia's factories shrank in May as weak China demand and U.S. tariffs hit output; Japan and South Korea manufacturing also declined, surveys showed Monday.
Global airlines cut 2025 profit forecast to $36B, citing trade tensions, weak demand, and jet delivery delays hurting growth, IATA said Monday.
A new U.S. tax on foreign investors' passive income may hurt demand for Treasuries and the dollar, analysts warn, as Congress advances the sweeping budget bill.
U.S. jobless claims rose more than expected, with May jobless rates up and Michigan hit hard. Unemployment claims hit a 3.5-year high amid tariff concerns.
BP has named U.S. oil veteran David Hager, former CEO of Devon Energy, as a non-executive director starting June 2.
With Trump back in office, the safety of Germany's 3,352-tonne gold reserves abroad—mainly in New York—is now a growing public concern, not just a fringe issue.
Trump's trade war has cost firms over $34B in lost sales and rising costs, with tariff uncertainty stalling decisions at major global companies, says Reuters.
OPEC+ may boost oil output by 411,000 barrels/day in July as 8 members, including Saudi Arabia and Russia, review cuts and market trends on May 31.
Germany may impose a 10% tax on big tech firms like Google and Meta, possibly straining U.S. ties as Chancellor Merz plans a visit to President Trump.
The UK plans to require pension funds to invest in private markets and the local economy, aiming to unlock £27.5B, despite opposition from investment managers.
Chevron will lay off 800 workers in Texas by July 15 as part of its plan to cut 20% of its global workforce by 2026, targeting its Permian Basin operations.
Elon Musk is stepping down as Trump's adviser after struggling to cut federal spending and facing resistance, layoffs, lawsuits, and political pushback.