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Business
Ferrari raises prices for some models in response to Trump’s tariffs
Ferrari announced that it would increase prices for certain models up to 10% in response to Trump’s 25% auto tariffs on European car imports. The company added that its 2025 profit margins face a potential 50 basis-point reduction risk.
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Europe News
Cyprus to adopt FBI recommendations on tackling sanctions evasion
A US team that spent nine months on Cyprus has produced a detailed report outlining specific recommendations and proposals including additional staff training, upgrading high-tech systems and amending existing legislation.
Europe News
EU Commission preparing 'well calibrated' retaliation to US tariffs
As the US rolls out new tariffs, the European Commission is preparing its response. The latest measures will factor in the car tariffs announced on Wednesday night, along with the reciprocal tariffs expected next week, as trade tensions between Brussels and Washington escalate.
Europe News
Europe prepares for attacks on power grid while battling soaring costs
The EU has identified building up its power grid as an essential, and somewhat neglected, element in its efforts to move away from fossil fuels and cut energy bills – but it is also waking up to the need to prepare for attacks by hostile powers.
