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Indrabati Lahiri

Business

AstraZeneca reports strong results boosted by promising trials

AstraZeneca continued to see strong growth in 2024 on the back of a series of positive trials, as well as a solid pipeline of products.

Business

Pernod Ricard cuts sales outlook on geopolitical uncertainties

Pernod Ricard, along with several other major European drinks brands, has been dealing with faltering sales due to increased global uncertainty and an unfavourable foreign exchange market.

Business

Shein’s London listing at risk as Trump plans US tax changes

Shein and other fast fashion companies could be heavily impacted by new tax changes in the US, which could close a key loophole vital for their business models.

Business

Diageo plc warns of profits falling by millions if US tariffs go ahead

Diageo plc could be severely impacted by an escalating trade war in North America, as the market is currently its biggest source of net sales.

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Economy

Turkey inflation falls for eighth month in a row as food prices dip

Falling housing and electricity prices also contributed to January's slowing inflation rate, as did a drop in recreation and culture prices.

Business

UniCredit dives in to take minority stake of Italian insurance group

UniCredit has been involved recently in a flurry of dealmaking activity, including a bid for Banco BPM and a raised stake in Commerzbank.

Economy

UK alcohol tax to jump from 1 February in new blow to industry

The UK’s alcohol sector is still struggling to recover from the lingering effects of the pandemic, as well as changing consumer preferences.

Markets

Could it cost you more to wake up and smell the coffee under Trump?

Apart from the Colombian tariffs threatened by US president Donald Trump, coffee prices have also been hit by poor harvests in Brazil which is one of the commodities main producers.

Economy

UK house prices see weak rise in January amid high interest rates

UK house prices have advanced marginally in January as buyers continue to struggle with affordability pressures.

Business

SoftBank set to invest billions more in Stargate co-partner OpenAI

The Japanese investment holding company could potentially increase its investment in OpenAI, following the two companies already partnering up for The Stargate Project, which includes other investors such as Oracle and Emirati investment firm MGX.

Business

Deutsche Bank shares plunge as it drops 2025 cost target

Deutsche Bank posted lacklustre earnings in the last quarter of 2024, as higher litigation costs significantly eroded profit margins.

Business

Volvo Group struggles with slower sales as European truck demand falls

Volvo Group reported its latest financial results on Wednesday and highlighted slower sales in Europe due to a declining demand for trucks.

Economy

Spain's economy remains robust with jobless total lowest for 16+ years

Analysts expect Spain's economy to continue to recover in the coming months, despite being likely to stay vulnerable to the continuing effects of the Valencia floods, and with the possibility of tariffs being imposed on the EU by the US.

Business

ASML reports boost in full-year sales as it shares outlook for 2025

ASML's robust results come at a time when the semiconductor and artificial intelligence (AI) market is reeling under the shock of new entrant DeepSeek, a new arrival from China.

Business

Tesla and BMW sue EU as discontent over Chinese EV tariffs mounts

Both BMW and Tesla have been hit with tariffs by the EU on imports of electric vehicles made in China, along with other Chinese manufacturers such as BYD and SAIC.

Business

LVMH sells Stella McCartney minority stake as luxury sector struggles

LVMH has already sold the streetwear fashion brand Off-White recently, as well as its stake in Cruise Line Holdings amid dampened global demand for luxury goods and falling Chinese sales.

Business

Rolls-Royce subsidiary bags landmark UK nuclear submarine deal

Under the deal with the Ministry of Defence, the British engineering company will make nuclear submarine reactors for the Royal Navy.

Business

Tesla unveils new premium model Y in Europe, the US and Canada

Tesla has revealed a new premium model Y version, first launched in China, which comes with a range of improved features.

Business

Italy’s oldest bank makes multi-billion takeover bid for Mediobanca

The deal could potentially help both Monte dei Paschi and Mediobanca maintain a robust capital position, as well as deliver profits.

Economy

Bank of Japan raises interest rates to highest level in 17 years

Stronger wages have contributed to the decision by Japan's central bank to raise rates to about 0.5%. The BOJ reiterated that it may in the future raise interest rates again, if required.

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