News

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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.

Mon, 31 Mar 2025 21:30:03 GMT

UK to continue trade talks with the U.S.

Keir Starmer and Trump agreed to continue "productive" trade talks. The UK may retaliate if excluded from Trump's 25% car import tariff, risking economic losses.

Mon, 31 Mar 2025 18:35:03 GMT

UK workforce to quit if work hours change

A UK poll reveals 48% of workers would consider quitting if forced back to full-time office work. 58% of women vs. 42% of men would leave over this mandate.

Mon, 31 Mar 2025 18:30:06 GMT

Colombia to cut interest rates

Colombia's central bank is set to cut its benchmark interest rate to 9.25% despite inflation and fiscal challenges, with new board members supporting the move.

Mon, 31 Mar 2025 15:30:05 GMT

U.S. Vice President remarks on Security of Greenland

U.S. Vice President JD Vance criticized Denmark's handling of Greenland's safety, suggesting the U.S. could do better, while planning to invest in resources like naval ships.

Mon, 31 Mar 2025 12:30:03 GMT

Global markets tumble

Global markets are on track for their worst monthly loss since 2022, as fears grow over Trump's new tariffs, dubbed "Liberation Day," set to be announced Wednesday.

Mon, 31 Mar 2025 09:30:04 GMT

Philip Morris set to launch new product in USA

Philip Morris launched its IQOS heated tobacco device in Austin, Texas for $60, aiming for a 10% U.S. market share by 2030 in smoking alternatives.

Mon, 31 Mar 2025 06:30:03 GMT

Inflation rises in the U.S.

The Fed's key inflation measure rose 0.4% in February, higher than expected. Consumer spending increased 0.4%, below forecasts, while personal income rose 0.8%.

Mon, 31 Mar 2025 03:30:06 GMT

Chinese President says to global companies to uphold order

Xi Jinping met global executives, urging investment in China and stressing its stability. He emphasized fair opportunities for foreign businesses amid U.S. trade tensions.

Fri, 28 Mar 2025 21:30:04 GMT

Deutsche Bank CEO will continue his work

Deutsche Bank extended CEO Christian Sewing's contract while two top executives will depart as part of a management revamp, aiming to meet key targets this year.

Fri, 28 Mar 2025 18:30:03 GMT

Economists warn that tariffs could bring unprecedented risks.

Economist Arthur Laffer warns Trump's 25% auto tariff could raise vehicle costs by $4,711 and hurt U.S. automakers' competitiveness, urging a return to 2019 trade rules.

Fri, 28 Mar 2025 15:30:04 GMT

Pensions in UK may feel higher taxes

Rachel Reeves may raise taxes on pensioners and the wealthy in the autumn budget due to worsening economic conditions and fiscal challenges.

Fri, 28 Mar 2025 12:30:05 GMT

Brazil warns U.S.

Brazil's trade secretary, Tatiana Prazeres, warned that Trump's 25% auto tariff could "weaponize" global trade, worsening tensions in the World Trade Organization.

Fri, 28 Mar 2025 09:30:03 GMT

EU banks fail to meet crypto demand

A survey by Bitpanda shows over 40% of European business investors hold crypto, but only 19% of banks see strong demand, highlighting a 30% gap in interest.

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