English

Doloresz Katanich

Economy

US and UK sign a trade deal, but steel imports are still in question

The two leaders agreed on the details of how to implement the trading terms disclosed last month, including lowering tariffs on key British exports and opening the door of the UK to US imports.

Business

Renault shares plunge as CEO departs to lead Kering

In a surprise move, French carmaker Renault Group’s CEO Luca de Meo announced his departure on Sunday. The company’s shares tumbled by nearly 7% on Monday, following the news.

Markets

European stock markets opened higher despite Israel-Iran conflict

The major European stock indexes opened slightly higher while oil prices stayed elevated due to the uncertainty around the Israel-Iran crisis.

Economy

Investing in Europe is at a nine-year low: Is a rebound coming?

Foreign direct investment (FDI) in Europe dropped to its lowest level in nine years in 2024, with France, Germany and the UK experiencing double-digit declines.

ADVERTISEMENT

Economy

What EU exports could be hit hardest by Trump’s 50% tariff threat?

Key sectors, including chemicals, machinery and vehicles, could be the hardest hit by the US President’s threat of imposing 50% tariffs on EU goods.

Economy

EU urges 'respect' after Trump threatens 50% tariffs

The EU's Commissioner for Trade and Economic Security Maros Sefcovic said the bloc is committed to securing a trade deal that "works for both" and that is based on "respect, not threats" after US President Trump threatened a 50% tax on all imports from the European Union.

Economy

‘Surprisingly good March’ helps German GDP exceed expectations

The German economy, Europe's biggest, grew by 0.4% in the first quarter thanks to stronger-than-expected exports and manufacturing.

Business

Porn-driven OnlyFans could sell for billions despite ‘filth factor’

The profitable 18+ internet content subscription service is reportedly in talks to sell. However, the price tag could be impacted by its porn-driven content.

Economy

OECD growth slows abruptly to 0.1% in the first three months of 2025

The overall GDP growth of the 38 countries of the OECD, providing more than 40% of the global economy, slowed down substantially in the first quarter of 2025.

Business

EasyJet loss widens but UK budget airline confirms its 2025 targets

EasyJet’s shares fell after the British airline reported higher losses than a year ago despite increased revenues and strong traffic.

Economy

UK inflation jumps to highest in over a year on rising energy bills

Inflation in the UK rose to its highest level in over a year in April, driven by a wave of higher household bills, including energy and water, according to official figures released on Wednesday.

Economy

Japan shipments to US decline as trade tariffs slow export growth

The world's fourth-largest economy is one of the hardest hit by the US administration's elevated trade tariffs on cars, resulting in Japanese exports slowing in April.

Markets

Chinese battery giant raises billions in this year’s biggest listing

Tesla supplier CATL completed the world’s largest listing of 2025 to date, with its shares surging more than 12% on the first day of trading.

Economy

How much will Trump’s tariffs drag on the EU economy in 2025?

The European Commission cut back its growth forecasts for this year and the next on Monday, due to the impact of US President Donald Trump’s tariff policies.

Business

Guinness maker Diageo braces for a €133 million US tariff hit

The British multinational alcoholic beverage company also announced a $500 million savings plan.

Economy

UK becomes fastest-growing G7 economy after strong first quarter

The UK economy recorded a better than expected first quarter, but experts warn, new taxes on UK businesses and high global uncertainty may slow down growth in the coming months.

Economy

Trump suggests India offered to drop tariffs to zero on US goods

The US President's words were not immediately acknowledged by New Delhi.

Business

Faulty brakes: Ford recalls some 274,000 Navigator and Expedition SUVs

The US carmaker is recalling two models manufactured between 2022 and 2024, after they received dozens of warranty reports pointing to a potential risk of the brake system.

Economy

European property market: Where have housing costs soared the most?

Between 2015 and 2024, house prices in the EU increased by 53%, with the cost tripling in some countries.

Business

Microsoft slashes 6,000 jobs as it clears the way for AI investments

Microsoft starts laying off thousands of workers as the company spends heavily on artificial intelligence.

ADVERTISEMENT