News

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Wed, 21 Jan 2026 21:30:08 GMT

Tesla Cuts Berlin Workforce

Tesla has reduced staff at its Berlin gigafactory by about 1,700 workers, a 14% drop, amid broader global layoffs to cut costs.

Wed, 21 Jan 2026 18:30:04 GMT

Rio Tinto Beats Q4 Output Estimates

Rio Tinto topped forecasts for fourth-quarter iron ore and copper production, signalling operational gains under its new CEO and lifting shares.

Wed, 21 Jan 2026 15:30:10 GMT

Nvidia CEO Plans China Visit to Revive AI Chip Market

Nvidia CEO Jensen Huang plans to visit China in late January as the company looks to reopen a key market for its AI chips.

Wed, 21 Jan 2026 12:30:09 GMT

Berkshire to exit Kraft Heinz

Berkshire Hathaway may sell its 27.5% stake in Kraft Heinz, ending a long-running investment after years of write-downs and weak performance.

Wed, 21 Jan 2026 09:30:07 GMT

Nike Reshuffles Regional Leadership to Boost Global Growth

Nike appointed new regional leaders across EMEA, Greater China, and Asia Pacific as it seeks to revive growth and strengthen demand in key markets.

Wed, 21 Jan 2026 06:30:09 GMT

Citi CEO Says Credit Card Rate Caps Unlikely to Pass Congress

Citigroup CEO Jane Fraser said proposed credit card interest rate caps lack bipartisan support and could restrict credit access across the U.S. economy.

Wed, 21 Jan 2026 03:30:05 GMT

Danish Pension Fund to Divest U.S. Treasuries Over Fiscal Concerns

Denmark's AkademikerPension will sell about 100 million in U.S. Treasuries by month-end, citing weak U.S. government finances, not politics.

Tue, 20 Jan 2026 21:30:05 GMT

GSK to Buy Food Allergy Drugmaker RAPT in 2.2bn Deal

GSK agreed to acquire US biotech RAPT for 2.2bn, gaining a promising food allergy drug that could become a blockbuster by 2031.

Tue, 20 Jan 2026 18:30:03 GMT

Netflix Switches to All-Cash Bid for Warner Bros to Block Paramount

Netflix revised its Warner Bros deal to an all-cash offer at 27.75 per share, aiming to shut out Paramount and speed shareholder approval.

Tue, 20 Jan 2026 15:30:07 GMT

Canada Pushes New Trade Path Beyond U.S.

PM Mark Carney is courting China and new trade partners to cut reliance on the U.S., but Canada still sends about two-thirds of exports south.

Tue, 20 Jan 2026 12:30:07 GMT

BOJ Seen Upgrading Growth Outlook

Bank of Japan likely to raise its 2026 growth forecast and stay open to further rate hikes, but timing remains unclear amid market volatility and politics.

Tue, 20 Jan 2026 09:30:06 GMT

Renault Sales Rise on Strong Car Demand

Renault's 2025 vehicle sales rose 3.2%, led by Clio and Sandero demand overseas, offsetting weak European van sales and flat Europe growth.

Tue, 20 Jan 2026 06:30:08 GMT

Trump to Meet CEOs at Davos

Trump will address global CEOs at Davos, discussing U.S. policy and possibly Greenland. His presence draws attention as tensions rise over tariffs and economic moves.

Tue, 20 Jan 2026 03:30:06 GMT

Japan's Tax Pledge and Snap Election

Prime Minister Takaichi announces a snap election, pledging to suspend the 8% food tax for two years. The move raises concerns over Japan's fiscal health and bond yields.

Mon, 19 Jan 2026 21:30:11 GMT

Powerchip Shares Jump on Micron Deal

Powerchip shares rose nearly 10% after Micron said it would buy its P5 chip plant in Taiwan for $1.8 billion in cash.

Mon, 19 Jan 2026 18:30:04 GMT

EU Weighs Trade Retaliation

EU may target €93bn in US tariffs or market limits to counter Trump threats over Greenland, aiming to gain leverage at Davos talks.

Mon, 19 Jan 2026 15:30:03 GMT

South Korea Downplays Impact of U.S. Chip Tariffs

South Korea says new U.S. tariffs target AI chips, not memory chips it exports most, so near-term impact is limited, though risks remain.

Mon, 19 Jan 2026 15:20:06 GMT

Canada's Inflation Eases, Core Measures Cool

Canada's inflation rose 2.4% in December, driven by a tax break impact, but core inflation eased for the third month. The Bank of Canada is likely to keep rates steady.

Mon, 19 Jan 2026 12:30:08 GMT

Dimon Denies Fed Chair Offer

JPMorgan says Jamie Dimon was never offered Fed chair, backing Trump's denial, amid debate over Fed independence and tensions over alleged political debanking.

Mon, 19 Jan 2026 07:35:05 GMT

Trump Plans 401(k) Change for Homebuyers

The Trump administration plans to let Americans use some 401(k) retirement savings for a home down payment, with details expected next week.

Mon, 19 Jan 2026 03:30:07 GMT

Netflix Results Take Backseat to Warner Bros Deal

Netflix Q4 earnings may be overshadowed by its $82.7bn Warner Bros bid, with investors focused on deal risks, growth and antitrust scrutiny.

Sat, 17 Jan 2026 12:30:04 GMT

Farage Faces Gold Promotion Backlash

Nigel Farage is criticised for a £400k role promoting gold pensions, with experts warning the strategy is niche, risky and unsuitable for most savers.

Sat, 17 Jan 2026 09:30:06 GMT

UK Housing Supply at 8-Year High

UK homes for sale hit an eight-year high, Zoopla says, led by London. Rising listings signal improving market confidence as sellers return.

Sat, 17 Jan 2026 06:30:05 GMT

Belt and Road Trade Hits New High

China's Belt and Road trade rose 6.3% to 23.6 trln yuan in 2025, making up 51.9% of total trade, with focus shifting to green and digital growth.

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