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Doloresz Katanich

Business

Nike expects US tariffs to cost it $1bn and warns of falling sales

The ailing US sportswear company reported falling revenues and income. Its fiscal guidance for the current quarter nonetheless gave investors a glimmer of hope, pushing the share price up around 10% in after-hours trading in the US.

Economy

Beijing confirms that it has signed a trade agreement with the US

China said on Friday that it had further confirmed details of a trade framework, including the export of rare earths.

Economy

How much more have billionaires amassed in the last 10 years?

Oxfam’s report showed an astronomical rise in the wealth of the richest top 1% over the last decade. Collected, it would be enough to end global poverty more than 20 times over, although the report found an alarming lack of funding for projects to tackle inequality.

Business

New car registrations fall in Europe and Tesla sees another drop

Tesla sales are still declining in the EU, while Chinese state-owned manufacturer SAIC Motor is increasing its market share.

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Economy

Which countries will lose the most if tensions reignite around Iran?

Russia could benefit from an escalating situation in the Middle East, while China and Europe would see their economies suffer if the ceasefire between Iran and Israel fails to hold.

Economy

What would happen if the Strait of Hormuz were closed?

This narrow shipping route in the Gulf region sees one-fifth of global oil and liquefied natural gas (LNG) passing through, fuelling a big part of the global economy. And Iran controls its northern side.

Markets

Oil rises and Europe's markets open lower after US strikes on Iran

The price of oil rose and stock markets fell as investors reacted to the US strikes against nuclear targets in Iran.

Economy

Energy in Europe is also at stake as Israel-Iran conflict escalates

As the Israel-Iran conflict escalates further, there is a mounting fear that natural gas fields are going to be targeted — as well as oil shipping routes. Europe’s liquefied natural gas supply would be seriously impacted, along with its economies.

Economy

Bank of England holds interest rates amid intensifying inflation risks

As widely expected, the Bank of England kept interest rates on hold as fears grow that the conflict between Israel and Iran will escalate to involve the United States. This would likely send oil prices soaring and push UK inflation further above target.

Economy

Swiss central bank cuts interest rate to zero to fight deflation

The step was widely anticipated but fuels concerns over a potential return to negative rates.

Business

Rheinmetall partners with Anduril to build military drones for Europe

German defence giant Rheinmetall and US defence tech company Anduril announced their plans to design and manufacture drones and rocket motors for Europe.

Business

Airbus pledges higher dividends as it confirms financial guidance

The pan-European aerospace firm said it would increase shareholder returns and leave its 2025 financial targets unchanged in an attempt to reassure investors.

Markets

Gloomy trading in the European markets as oil keeps climbing

Shares slide and crude oil prices bounce higher as Israel warns people in Iran's capital to evacuate.

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.

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.

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