Kering's Q4 sales dropped 12%, mainly due to a 24% fall in Gucci sales. Despite efforts to revive the brand, global luxury demand remains weak.
Trump signed an executive order imposing 25% tariffs on steel and aluminum from all countries, effective March 4, with possible exceptions for Australia.
Novartis will acquire Anthos Therapeutics for up to $3.1B, including $925M upfront, to develop stroke and blood clot treatment abelacimab.
The Bank of England cut rates by 0.25%, citing inflation and global uncertainty. It halved 2025 growth forecasts, while expecting inflation to temporarily exceed 2%.
Maersk shares surged over 10% after reporting Q4 earnings of $3.6B, beating estimates. CEO Vincent Clerc stated a strong global trade and price growth across all segments.
Argentina announced it will leave the WHO, citing mismanagement of COVID-19, following Trump's U.S. decision. President Milei criticized lockdowns as a "crime against humanity."
Carlsberg's Q4 sales slightly missed forecasts at $2.18B. Full-year sales rose 1.9%. For 2025, it expects 1-5% profit growth, impacted by losing its San Miguel brand in the UK.
The Australian Treasury proposes reforms to regulate digital payments, including mobile wallets, giving the RBA power to oversee all players, including Apple and Google.
Brazil's coffee industry warns of "fake coffee" products in stores, made with waste or artificial flavoring, as companies try to attract budget-conscious consumers.
Santander Brasil Q4 net profit surged 75% to 3.85B reais ($668.6M), surpassing expectations due to improved spreads and higher fees.
Workday to cut 1,750 jobs (8.5% of workforce) amid competition and uncertainty, expecting $230M-$270M in charges. Stock rose 3% in premarket.
India plans a credit facility for municipal corporations to produce energy from waste, offering tools like credit enhancement, direct rupee loans, and bond sales.
Entities behind Trump's crypto coin earned nearly $100 million in trading fees in under two weeks, while tens of thousands of small traders lost money.
AT&T and Nokia signed a multi-year deal to upgrade AT&T's voice and 5G network in the U.S., a year after Nokia lost a major contract to Ericsson.
Novo Nordisk faces investor pressure for more details on its next-gen obesity drug CagriSema, after unclear trial results caused a drop in its shares in December.
Germany lowered its 2025 growth forecast to 0.3%, down from 1.1%, citing uncertainty from U.S. trade policy and ongoing global economic challenges.
Chile's economy grew 0.9% in December, driven by lower interest rates and strong copper production. However, weak job growth and trade uncertainty remain challenges.
The ECB may stop calling its policy "restrictive" in March, with a likely quarter-point rate cut. Officials are considering when to pause further rate cuts.
Apple iPhones can now test SpaceX's Starlink direct-to-cell service, providing satellite coverage. T-Mobile and SpaceX are testing the service, offering "text via satellite," with voice and data to follow.
Trump's threatened tariffs on Mexico and Canada have put border economies at risk, with factories fearing job losses and investors pulling back amid ongoing uncertainty.
Treasury Secretary Bessent said the Trump administration focuses on lowering 10-year Treasury yields, not Fed rates, believing energy expansion will reduce inflation.
Despite trade tensions, China's ethane imports from the U.S. are set to rise as petrochemical firms switch to cheaper U.S. shale gas, with $16B in investments.
China filed a WTO complaint against Trump's 10% tariff on Chinese imports and the end of the duty-free exemption, calling them "protectionist" and a rule violation.
Google is scrapping its goal to hire more employees from underrepresented groups and reviewing its diversity initiatives, joining other U.S. companies scaling back DEI efforts.