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Indrabati Lahiri

Business

Volkswagen Group sees Q1 earnings plummet as car sales stall

Mercedes-Benz also saw falling profits, as expected, due to changes in models and supply chain issues, while Stellantis also missed earnings expectations due to a poor product mix.

Economy

Looking forward to a relaxing retirement? Then start saving fast

More than one third of Europeans are still not saving enough for retirement, with about 40% saying that the current economic climate had eroded their pension contributions.

Economy

Spanish inflation hits three-month high on gas and food prices

German inflation, on the other hand, remained at almost three-year lows, as services inflation slowed further.

Business

TotalEnergies sees first quarter earnings drop on lower gas prices

Declining natural gas revenues dampened the company’s performance in the first quarter of 2024, with earnings down 22%, however its resilient oil business helped cap losses.

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Economy

Why unemployment in Spain is rising and what's being done to cap it?

The abundance of temporary contracts, as well as low productivity, have both contributed to unemployment levels spiking in the first quarter of the year.

Economy

German consumer confidence reaches two-year high on upbeat pay hopes

German consumers are feeling more upbeat about economic prospects, as well as expecting to be buying more next month.

Business

AstraZeneca reports bumper revenue in Q1 2024 on strong drug demand

AstraZeneca continued to see strong earnings boosted primarily by its oncology branch, as well as its respiratory and immunology segment.

Business

Visa profits jump as struggling customers turn to plastic to pay bills

Credit card usage has increased dramatically in the US in recent months, as customers increasingly struggle to pay for everyday items and charge them instead to cards.

Business

The 'pink tax': Why is women and men's purchasing power so different?

The "pink tax" is a little-known phenomenon that occurs on certain sale items which can have a surprisingly frustrating effect on consumers.

Business

Made in Europe: AI company aiming to solve the teacher shortage crisis

21st Century Digital Teaching (21C) has developed avatar teachers to create new generation mathematics content in a bid to assist schools and boost engagement with pupils.

Business

'Loud quitting': What is it and how does it affect businesses?

A recent workplace trend known as "loud quitting" can be devastating for both businesses, who might see their public reputations suffer, and employees, who may have a harder time finding new jobs.

Business

How can businesses spend smarter in the new tax year?

Forward-thinking businesses can leverage a variety of artificial intelligence tools in the new tax year to save costs, as well as make more provisions for unexpected expenses.

Economy

UK inflation drops to two and a half year low as food prices cool

Stabilising food inflation and falling house prices both contributed to UK inflation coming down further in March, leading to renewed hopes that the Bank of England might cut rates soon.

Business

Blackstone buys EV gigafactory land, quelling UK net-zero dreams

This move could significantly slow down Britain’s ambitious net-zero plans to increase lithium battery production domestically, in order to decrease dependence on China.

Economy

Here's why Germany's economy remains the most distressed in Europe

France and Germany's economies are the worst-performing in Europe, while the UK is seen as doing moderately well. On the up side, Spain and Italy are seeing distinctly more positive signs.

Business

Samsung wins out as it takes a chunk out of Apple's phone business

Samsung wins back its crown from Apple as European bargain hunters in particular move away from Apple and towards cheaper Chinese brands.

Business

Tesla cuts 10% of its workforce in global efficiency drive

Tesla's drastic layoffs may be a response to changes needed in the wake of the disappointing last quarterly delivery report.

Business

UAE state oil company has BP in sights as potential takeover target

Adnoc’s takeover bid for BP is the latest in a string of acquisition bids for energy companies, such as ExxonMobil's agreement to purchase Hess Corporation.

Economy

Inflation cools in Germany and France as food and energy prices fall

German and French inflation numbers both fell in March, primarily due to declining food and energy prices, leading to more hopes of inflation soon returning to the ECB’s 2% target.

Markets

Copper-bottomed deal for investors as metal climbs to record high

Supply fears and soaring demand have both contributed to surging copper prices, which is also considered an indicator of overall economic health.

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