News

Note: This section contains information in English only.
Thu, 20 Mar 2025 06:30:04 GMT

EU orders Apple to cooperate

EU regulators ordered Apple to open its ecosystem to rivals under the Digital Markets Act, warning of potential fines for non-compliance.

Thu, 20 Mar 2025 03:30:02 GMT

Deutsche Bank to decrease staffnumber

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.

Wed, 19 Mar 2025 21:30:03 GMT

Chinese government boost AI projects

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.

Wed, 19 Mar 2025 18:30:03 GMT

Judge blocks climate grant cancelation

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.

Wed, 19 Mar 2025 15:30:04 GMT

Pfizer sell a stake of Haleon

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.

Wed, 19 Mar 2025 12:30:05 GMT

Santander plans to cut jobs

Santander UK plans to close 95 branches and cut around 750 jobs, leaving 349 branches, including 290 full-service and 36 with reduced hours.

Wed, 19 Mar 2025 09:30:10 GMT

Fired employees come back to work

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.

Wed, 19 Mar 2025 06:30:03 GMT

Investors move to cash

US stock allocation saw its biggest drop ever in March due to concerns over stagflation, trade wars, and US exceptionalism, according BofA reports.

Wed, 19 Mar 2025 03:30:03 GMT

Siemens cuts jobs

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.

Tue, 18 Mar 2025 21:30:02 GMT

Germans vote for infrastructure spending

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.

Tue, 18 Mar 2025 18:30:04 GMT

Canada ends EV incentives for Tesla

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.

Tue, 18 Mar 2025 15:30:04 GMT

Swiss National Bank operations of 2024

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.

Tue, 18 Mar 2025 12:30:05 GMT

Drugmakers want exemptions from tariffs

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.

Tue, 18 Mar 2025 09:30:03 GMT

Goldman Sachs sees brent forecasts lower

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.

Tue, 18 Mar 2025 06:30:03 GMT

OECD warns of slower growth due to tarrifs

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

Tue, 18 Mar 2025 03:30:03 GMT

PepsiCo to acquire Poppi

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%.

Mon, 17 Mar 2025 21:30:03 GMT

U.S meat exports at risk in China

China has let expire export registrations for over 1,000 U.S. meat plants, including Tyson, Smithfield, and Cargill, amid ongoing trade tensions.

Mon, 17 Mar 2025 18:30:04 GMT

Treasury Secretary not worried about the recent downturn

Bessent says market corrections are normal, and with proper policies, the market will thrive. Tariffs and trade concerns continue to impact sentiment.

Mon, 17 Mar 2025 15:30:03 GMT

AstraZeneca to buy EsoBiotec

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.

Mon, 17 Mar 2025 12:30:04 GMT

Thailand to invest in data centers and cloud services

Thailand approved $2.7B in investments for data centers and cloud services, including projects from Beijing Haoyang, Empyrion Digital, and GSA Data Center 02.

Mon, 17 Mar 2025 09:30:03 GMT

Total Energies involved in manslaughter investigation

French prosecutors have opened an investigation into Total Energies over manslaughter and failing to assist during a 2021 jihadist attack in Mozambique's Palma.

Mon, 17 Mar 2025 06:30:03 GMT

Kohl's forecast weak outlook for 2025

Kohl's beat Q4 earnings but stock dropped 24% due to weak 2025 guidance, forecasting a 5-7% revenue decline and lower earnings per share than expected.

Mon, 17 Mar 2025 03:35:04 GMT

G7 countries support Ukraine

G7 foreign ministers supported Ukraine's territorial integrity, urged Russia to accept a ceasefire, and warned of more sanctions amid tensions with Trump.

Mon, 17 Mar 2025 03:30:04 GMT

ECB approves deal between UniCredit and Commerzbank

The ECB has approved UniCredit to buy up to 29.9% of Commerzbank, with UniCredit likely deciding on an acquisition next year, potentially Europe's biggest deal since 2008.

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