English

Indrabati Lahiri

Business

Volvo Cars to slash costs worth billions following weaker performance

Volvo Cars cited a planned inventory reduction, as well as wider global auto industry turbulence as reasons for its lagging first quarter performance.

Economy

Spain tops workplace productivity in Europe while unemployment rises

Although Spain’s unemployment rate rose to its highest level in a year in the first quarter of the year, workplace productivity and economic growth remains robust.

Economy

Why are American investors flocking to this Swiss Alps ski village?

Swiss ski village Andermatt has been seeing a boom in property demand from US buyers keen to flee Trump’s policy and tariff changes.

Business

Apple plans to switch US iPhone assembly to India in blow to China

Rising tariff and trade tensions between the US and China could significantly impact Apple’s sprawling supply chain, which is still heavily dependent on China.

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Business

From tanks to banks: Thales profits from Europe’s defence spending

Thales’ sales in the first quarter were supported by increased European defence spending. However, new orders lagged mainly due to a very high comparison base, especially for defence.

Business

Boeing sees losses narrow, shares soar as jet deliveries increase

Despite Boeing’s strong performance in the first quarter of the year, concerns such as quality control and safety issues, as well as escalating global tariff tensions linger.

Markets

Gold price hits record high: What’s behind the precious metal’s rally?

Gold prices have surged almost 31% so far this year already, driven by rising safe haven demand and an increasingly volatile global economy.

Destinations

Here’s why coolcations will still be trending in summer 2025

Coolcations in destinations such as Norway, Iceland and Finland are expected to continue seeing a boom this summer- but could they cause overtourism in the Nordics?

Business

How Trump’s tariffs are dampening hopes of a luxury sector revival

The global luxury sector, which has been facing slowing demand and an eroding customer base in the last several months, could be further hit by the escalating trade war between China and the US.

Business

Hermès leaves wealthy clients to pay for cost of Trump tariffs

The luxury company, based in France, announced that it would be hiking prices in the US to offset the impact of US President Donald Trump’s 10% tariffs against the EU.

Business

Which companies will be impacted by Trump’s semiconductor tariffs?

Companies such as Taiwan’s TSMC and South Korea’s Samsung Electronics may be particularly hit by upcoming US semiconductor tariffs.

Business

Sony hikes PlayStation 5 prices by 25% in UK, Europe and Australia

Sony's decision to hike prices in other markets such as Europe and Australia could be an attempt to protect its key US market from price increases.

Markets

US stocks remain volatile as bank earnings fail to cheer investors

Stronger-than-expected profit reports from major banks such as JPMorgan Chase and Morgan Stanley did little to cheer investors as well.

Markets

European stocks spiral after China hits back against Trump’s tariffs

Concerns about an escalating trade war between the US and China still remain after the latter retaliated against steep US tariffs.

Markets

US stock markets drop as investors consider trade impact with China

Although US president Donald Trump paused tariffs for 90 days, US stocks were still jittery as investors weighed the possible impact of the trade battle with China.

Business

Porsche reports significant plunge in European and Chinese deliveries

Although North American deliveries soared 37% in the first three months of the year, they were not enough to offset Porsche’s steep falls in other key markets.

Business

Samsung ups earnings guidance as chip sales soar on tariff concerns

Although Samsung reported a boost in chip sales in its latest earnings report, falling prices and late shipments continue to hit the company.

Economy

French trade deficit increases in February as transport exports lag

France’s imports advanced in February, boosted by communication and publishing products. However, transport and refined petroleum product exports fell.

Business

Shell cuts gas production outlook due to maintenance and bad weather

The oil and gas company reduced its expectations for natural gas and liquefied natural gas (LNG) volumes for the first quarter of this year.

Economy

UK house prices drop in March linked to change in stamp duty rules

The average property price fell by an average of £1,575 (€1,843) month-on-month, although the total recorded a 2.8% annual rise.

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