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Doloresz Katanich

Business

Mercedes moving production of its GLC SUV from Germany to the US

Due to the US President’s tariff policy, carmakers across the globe are considering boosting their local US-based production.

Business

Nissan to shed 20,000 jobs as Japanese automaker reports loss

Nissan is slashing about 15% of its global workforce, or about 20,000 employees, as the Japanese automaker reported a loss Tuesday for the fiscal year that just ended.

Business

Munich Re reports wildfire losses but sticks with profit outlook

Germany’s reinsurance giant took a serious hit from the US wildfires, dragging down the company’s property and casualty reinsurance segments and almost halving Munich Re’s net earnings.

Business

UniCredit lifts outlook as it beats expectations with record profit

Italy’s second biggest lender posted its highest net profit ever for the first three months of 2025, the period that the bank called the ‘best quarter in history’ in its earnings report.

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Economy

US and China announce substantial reductions in tariffs for 90 days

The US and China agreed to lower tariffs for 90 days on Monday, as the world’s two biggest economies attempt to cool an escalating trade war.

Business

Commerzbank reports profit surge as it fends off UniCredit bid

The German lender reported its ‘best quarterly result since the first quarter of 2011’ as it attempts to fend off Unicredit’s takeover efforts.

Business

WeightWatchers files for bankruptcy in a bid to cut its debt

The publicly traded wellness company, which has been struggling to keep its business afloat, announced plans to file for bankruptcy as part of a reorganisation plan with a group of its lenders.

Business

BMW Group profits plunge but outlook maintained despite tariff impact

The German carmaker reported earnings below the previous year’s level but confirmed its financial targets for this year, and said it expects some of the US trade tariff increases to be temporary.

Business

Ferrari starts year with racing profit but warns of tariff impact

Luxury carmaker Ferrari reported a jump in its profits for the first three months of 2025, driven mostly by strong demand for personalised vehicles.

Business

Ford expects a €1.39bn hit from Donald Trump’s tariffs in 2025

The US-based company is one of the least affected carmakers hit by US trade tariffs, yet it pulled back its entire forecast for the year, citing uncertainty and potential supply chain disruptions.

Economy

Where in Europe will property investment pay off most in 2025?

The countries with the highest rental yields and most favourable property taxes could offer the best financial returns on property investment. A recent report studied all the elements to find out where the best location is to invest in property in Europe.

Mobility

How the US is relaxing regulations to lead the self-driving car race

The Trump administration is loosening regulations to help US carmakers like Elon Musk’s Tesla develop self-driving cars and compete with Chinese rivals.

Business

Are EV sales boosting Europe’s car market despite global uncertainty?

Three of the four largest markets in the EU, including Germany, recorded robust double-digit growth in the EV sector.

Economy

US Treasury Secretary says IMF and World Bank need reform

Treasury Secretary Scott Bessent said the institutions “serve critical roles in the international system. And the Trump administration is eager to work with them — so long as they can stay true to their missions.”

Business

Volvo Group posts lower sales and profits as tariff uncertainty hits

The Swedish truck maker’s first-quarter earnings declined sharply due to its sales falling in all regions and in almost all segments, as increased uncertainty surrounding tariffs and their effect on global trade persists.

Economy

Donald Trump says he has 'no intention of firing' the US Fed chair

The US President confirmed that he has no plans to fire the Chairman of the Federal Reserve Jerome Powell. It follows his previous statement about wishing to terminate Powell's mandate, which caused market turmoil.

Business

Swiss pharma giant Roche pledges to invest €47 billion in the US

The investment plans include new R&D sites in four US states and creating more than 12,000 jobs, according to the Swiss pharmaceutical company.

Markets

IMF warns Donald Trump's tariffs are darkening global economic outlook

The outlooks for the US and global economies have significantly worsened in the wake of President Donald Trump's tariffs and the uncertainty they have created, the International Monetary Fund said on Tuesday.

Economy

IMF: Tariffs will not spark global recession but will weaken economy

Surging US tariffs will weaken the global economy and push up inflation this year, according to the International Monetary Fund.

Economy

Trump suggests he could remove US Fed Reserve Chair Jerome Powell

“If I want him out, he’ll be out of there real fast, believe me," Trump said in the Oval Office to reporters on Thursday.

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