News

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Fri, 10 Jan 2025 09:30:03 GMT

Retail activity rises in EU

Retail trade in the euro area rose by 0.1% in November 2024, following a 0.3% decline in October. In the EU, retail trade increased by 0.2%, up from a 0.1% drop in October.

Fri, 10 Jan 2025 03:30:04 GMT

Rolls-Royce CEO on Trump

Rolls-Royce CEO Chris Brownridge is cautious about Trump's tariffs but remains confident as business is strong.

Thu, 09 Jan 2025 21:30:03 GMT

Inflation in Egypt decreases

Egypt's inflation eased to 24.1% in December, raising hopes for an interest-rate cut. Food prices fell, and inflation is expected to continue slowing in 2025.

Thu, 09 Jan 2025 18:30:03 GMT

Britain's bond market compared to history

Britain's bond turmoil is compared to the 1970s debt crisis. Experts warn the Labour government may need austerity to address rising debt and reassure markets.

Thu, 09 Jan 2025 16:10:04 GMT

Mercedes-Benz to expand in India

Mercedes-Benz will open 20 new dealerships in India in 2025, targeting smaller cities as young, wealthy business owners embrace luxury.

Thu, 09 Jan 2025 15:30:03 GMT

Iraq Plans to Cut Gas Flaring

Iraq plans to cut gas flaring to 20% by next year and build an LNG import terminal to meet demand.

Thu, 09 Jan 2025 12:30:03 GMT

AT&T will provide bill credits in the future

AT&T announced it will offer bill credits for network outages to attract customers, following significant disruptions in 2024, including a major nationwide service failure in February.

Thu, 09 Jan 2025 09:30:04 GMT

Meta ends fact-checking program

Meta ended its U.S. fact-checking program and eased restrictions on sensitive topics, responding to conservative criticism before Trump's second term.

Thu, 09 Jan 2025 06:30:04 GMT

Lufthansa to acquire Italian airline

Lufthansa is set to acquire a stake in Italian airline ITA on January 13, finalizing years of talks, with the deal expected to close in early 2025.

Thu, 09 Jan 2025 03:30:03 GMT

Trump's proposed tariffs may be passed via economic emergency declaration

President-elect Trump is considering declaring a national economic emergency to justify universal tariffs on allies and adversaries, using the International Economic Emergency Powers Act.

Wed, 08 Jan 2025 21:30:03 GMT

Chinese property developer loses value

Sunac China's shares and dollar notes dropped to their lowest in months, as concerns grow over upcoming interest payments and poor sales, with a $60 million due by March.

Wed, 08 Jan 2025 18:30:03 GMT

Inflation in Sweden slows down

Sweden's core inflation slowed to 2.1% in December, below expectations, raising speculation that the Riksbank may cut interest rates this month.

Wed, 08 Jan 2025 15:35:03 GMT

Samsung misses profit expectations

Samsung's Q4 operating profit missed expectations at $4.47 billion, hurt by rising R&D costs, chip manufacturing, and weaker demand for memory chips.

Wed, 08 Jan 2025 15:30:03 GMT

US probing Tesla over self-driving systems

The National Highway Traffic Safety Administration is investigating Tesla's self-driving software in 2.4M vehicles from 2016-2024, potentially leading to a recall.

Wed, 08 Jan 2025 12:30:03 GMT

Volkswagen management to cut salaries

Volkswagen's management will cut pay by over 300 million euros by 2030, with board members taking a larger share.

Wed, 08 Jan 2025 09:30:07 GMT

Crude oil rises

Crude oil prices hit a three-week high due to supply concerns and rising demand, with Brent at $77.32 and WTI at $74.61.

Wed, 08 Jan 2025 06:30:03 GMT

US job openings rise

U.S. job openings rose to 8.1M in November, up from 7.8M in October, still exceeding pre-pandemic levels.

Wed, 08 Jan 2025 03:35:04 GMT

McDonald's is launching a new platform

McDonald's is launching the McValue platform in 2025 to offer affordable options and attract customers amid rising competition.

Wed, 08 Jan 2025 03:30:03 GMT

Next Plc expects lower sales number

Next Plc forecasts slower sales and profit growth due to tax hikes, with a 3.5% sales rise expected in 2025. Pretax profit for this year is expected to grow 10% to £1.01 billion ($1.3 billion).

Tue, 07 Jan 2025 21:30:07 GMT

Toyota invests in Japanese rocket startup

Toyota invests $44 million in Interstellar Technologies to produce rockets and join its executive board.

Tue, 07 Jan 2025 20:50:05 GMT

BMW Group confirms doing business in Russia during sanctions

BMW Group confirmed selling over 100 luxury cars to Russian buyers, despite EU and US sanctions banning exports of luxury goods to Russia since March 2022.

Tue, 07 Jan 2025 15:55:09 GMT

Dana White joins Meta's board

Meta appoints Dana White, UFC CEO, to its board of directors. White plays a key role in the reelection of his longtime friend, President-elect Donald Trump.

Tue, 07 Jan 2025 12:30:11 GMT

Exxon sues California's AG

Exxon sued California's Attorney General and environmental groups over defamation of its recycling efforts.

Tue, 07 Jan 2025 09:30:02 GMT

Canada's Prime Minister resigns

Prime Minister Justin Trudeau announced on Monday that he will resign from his position and as leader of the Liberal Party once a new leader is selected.

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