Twelve U.S. states sued Trump over tariffs, claiming he bypassed Congress and misused emergency powers. The White House called it a political "witch hunt."
Volvo Cars named Fredrik Hansson as CFO, replacing Johan Ekdahl. The move follows CEO Samuelsson's return amid market uncertainty and tariff pressures.
Nokia reported Q1 profit of €156M, missing forecasts by 36%. It warned of a €20–30M hit to Q2 profit due to U.S. tariffs.
AT&T beat Q1 subscriber estimates on strong demand for fiber and 5G bundles.
Trump, Bessent signal US-China tariff de-escalation; Trump says 145% tariffs "will come down." Stocks rise on hopes for trade war off-ramp.
EU regulators fined Apple and Meta a combined €700M ($877M) for breaking new antitrust laws—marking the first penalties under rules targeting Big Tech's dominance.
Tesla misses Q1 estimates with EPS at $0.27, revenue $19.34B. Auto sales drop 20%. Cybercab teased for 2026. Brand damage, Musk's politics raise concerns.
Swiss officials head to D.C. seeking U.S. tariff relief after Roche pledged a $50B investment, following Novartis' similar move to boost U.S. ties.
UK government borrowing hit £16.4bn in March, £2.8bn more than last year, totaling nearly £15bn above forecast for the year—posing a challenge for the chancellor.
Oil prices rose as U.S. sanctions on Iran, falling crude stocks, and Trump's softer Fed stance boosted sentiment. Brent hit $67.99, WTI climbed to $64.21.
Mercedes-Benz urges EU to find fair solution for China-made EVs, warning tariffs are the "crudest instrument," CEO Källenius said at the Shanghai auto show.
Hyundai Steel held a call with investors to ease concerns after its $6B U.S. investment plan, announced in March, lacked clear funding details.
U.S. halts Equinor's Empire Wind project near New York, citing concerns over insufficient environmental review under Biden administration approval.
Japan's finance chief to meet U.S. counterpart in D.C., with yen in focus. Tokyo unlikely to agree to boost yen; talks to gauge U.S. stance, not act.
Mercedes-Benz unveils all-electric luxury van line "Vision V" in Shanghai, with models from VLE to VLS, to be produced in China.
Roche to invest $50B in the U.S. over 5 years, creating 12,000+ jobs, including 6,500 in construction, amid response to Trump's tariff policy.
The Trump administration announced fees on Chinese-built vessels to counter China's shipping dominance, aiming to protect U.S. commerce and boost U.S.-built ships.
Swift launched a tool to track late payments, aiming to cut costs and speed up issue resolution for banks dealing with international payment delays.
Ukraine and the U.S. signed a memorandum to finalize a mineral deal, with key negotiations set for April 21-26 in Washington to establish an economic partnership.
Slovenia plans a 25% tax on crypto profits under a draft law. Sales for fiat or goods will be taxed, but crypto-to-crypto trades and wallet transfers are exempt.
Mortgage rates rose to 6.83% in the week ending April 17, marking the biggest jump in nearly a year, driven by a volatile trade war and rising Treasury yields.
LVMH CEO Bernard Arnault warned U.S.-EU trade tensions could hurt Europe, urging a free trade zone and smarter talks, with less reliance on Brussels.
Trump agreed to visit Rome and may meet EU leaders, Italy's PM Meloni said. Her U.S. trip aims to ease tariff tensions after a 90-day pause on most duties.
Traders are sending gold back to Switzerland from the U.S. as tariff fears ease. Swiss gold imports from the U.S. rose, while exports to the U.S. dropped 32% in March.