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Doloresz Katanich

Business

TSMC's profit soars by 60% thanks to robust AI chip demand

The world’s largest contract chip manufacturer TSMC, reported better-than-expected results as AI chip demand has been boosting the company's sales.

Economy

Trump: 'Highly unlikely' to fire Fed Chair Powell, but looked into it

President Donald Trump rocked Wall Street temporarily by saying he had “talked about the concept of firing” the head of the Federal Reserve, but was unlikely to do so, ”unless he has to leave for fraud”.

Economy

Japan's exports fall as Trump's tariffs fuel recession risks

Fears of a recession are mounting in the world's fourth-largest economy, after export to the US declined for the second month in a row in June.

Economy

Retaliatory tariffs: Which EU countries could be impacted the most?

Ireland, Germany and the Netherlands are three of the most exposed countries should the EU decide to impose countermeasures on US imports — following Washington’s threat to charge 30% on EU goods.

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Markets

Renault shares plummet 17% after profit warning and weak results

The carmaker disappointed with its preliminary financial figures for the past six months and has not yet found a permanent successor to former CEO Luca de Meo, instead appointing an interim leader.

Economy

President Trump: Pharma tariff is coming, Indonesia deal sealed

The US President announced a list of updates concerning US trade tariffs on Tuesday, including a deal with Indonesia and his plans to gradually increase tariffs on pharmaceutical imports.

Economy

US inflation accelerates to 2.7% as Trump's tariffs start to bite

Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances.

Business

Nissan is closing flagship Oppama plant in Japan to cut costs

The factory in Oppama, Japan, employs approximately 2,400 people, who will lose their jobs in March 2028. Car production will move to another Nissan plant in southwestern Japan.

Markets

Bitcoin reaches new record high ahead of US House's ‘Crypto Week’

The price of the world’s most popular cryptocurrency has attracted the interest of institutional investors as US Congress prepares to adopt its first major crypto regulation next week.

Economy

Which European economy stands to suffer the most from US tariffs?

One-fifth of the EU’s exports are heading to the US. Tariffs on the carmaking sector hit the German economy the most, but potential tariffs on the pharmaceutical one could cost substantially to the Irish economy.

Business

Samsung expects profit to halve as tariffs and export curbs bite

The South Korean company’s second-quarter operating profit is expected to be less than half of what the company reported last year.

Business

World Chocolate Day: The EU is celebrating with sky-high prices

Prices in the cocoa market have dropped recently from record highs, but coupled with high energy costs, they have fuelled a double-digit increase in European retail prices compared to last year.

Business

Shoplifting hits record high in Germany: Are criminal gangs behind it?

Shoplifting cost the German retail sector nearly €3 billion in 2024, a new record that was partially driven by organised crime. The federal government is also missing out on millions of euros in tax revenue.

Business

China hits Europe’s brandy exports with duties but adds exemptions

Beijing decided to impose anti-dumping duties of up to 34.9% for the next five years starting on Saturday, following an investigation into brandy imported from Europe.

Markets

Nvidia is on track to become the most valuable company in history

The value of the leading chip designer temporarily hit a new record on Thursday, briefly making it the most valuable company in history, with a market capitalisation nearing $4 trillion. Analysts predict it will soon break the record again.

Economy

How did Spain overtake Japan in GDP per capita?

Spain’s economy is thriving, driven by a global boost in services, mainly tourism, overtaking the sluggish performance of the Japanese economy in the last decade.

Business

Microsoft cuts 9,000 jobs as tech giant bets on AI

Microsoft says it is laying off about 9,000 workers, its second mass layoff in months and its largest in more than two years. The move affects less than 4% of Microsoft’s global workforce.

Business

Tesla sales fell sharply in the last three months — is Musk to blame?

Tesla sales fell 13% in the period between April and June, as its CEO Elon Musk faces backlash and competition is taking a toll on the company's dominance.

Business

Spain's Santander buys TSB Bank to boost presence in the UK

The Spanish lender is about to become the third-largest bank in the UK by share of personal current accounts, after the deal is closed.

Business

Renault reports nearly €10 billion non-cash loss due to Nissan stake

The French carmaker said it would change the way it accounts for its stake in its long-term Japanese partner, based on Nissan’s share price.

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