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Cinema

Does Trump have the authority to impose 100% movie tariffs?

Donald Trump has said he will target films made outside of the US as part of his ongoing tariff war. He posted that Hollywood and other areas are "being devastated" due to "a concerted effort by other Nations," which constitutes a "National Security threat."

Europe News

Trade negotiations between the EU and the US: Where do we stand?

One month into the 90-day pause on reciprocal tariffs, can the EU and the US find common ground? And what happens if they don’t strike any deal?

Economy

Donald Trump pledges to slap 100% tariff on films made abroad

US President Donald Trump is opening a new salvo in his tariff war, targeting films made outside the US.

Economy

No formal trade promises have been made to the US, EU says

The European Commission says it is looking at ways to potentially reduce its trade surplus with the US, although stresses that no formal offer has been made.

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Tech News

US robot makers fear Trump tariffs may impact humanoid race with China

Elon Musk warned investors last week that China's countermeasures restricting shipments of rare earth magnets will delay Tesla's development of its Optimus humanoid robots.

Economy

China evaluating US offers for trade talks but tariff obstacle remains

China’s Commerce Ministry said on Friday that Beijing is evaluating multiple approaches by the Trump administration for trade talks.

Business

Amazon posts robust sales and profit beat but outlook clouded

Amazon posted higher first-quarter profit and sales that beat analysts' projections, underscoring the online behemoth's hold on shoppers looking for low prices and a wide selection in an uncertain economy.

Markets

Apple shares drop as China sales slide following Trump tariff fallout

Apple’s shares slumped in after-hours trading despite stronger-than-expected earnings. Tariff uncertainties and regulatory challenges overshadowed robust quarterly results, with CEO Tim Cook calling the outlook for tariffs “very difficult” to predict.

Economy

How tariffs and other uncertainties are weighing on Mideast economies

Countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid, the International Monetary Fund said on Wednesday.

Health news

EU Commission slams first US step towards pharmaceutical tariffs

The EU executive has condemned a US probe into pharmaceutical tariffs, warning that proposed duties could disrupt transatlantic trade.

Business

Volkswagen Group sees plunge in performance as US tariffs pose risks

Volkswagen Group, along with the wider global car industry, is significantly vulnerable to changing US tariffs, mainly because of how globalised auto supply chains currently are.

Business

Samsung sees revenue increase but gives gloomy tariff-related outlook

The firm announced a record quarterly revenue but warned in an earnings call of economic uncertainty ahead, linked to US President Donald Trump's trade policies.

Business

Mercedes-Benz stock dips after pulling profit guidance on tariff fears

The carmaker said that the impact of US trade policies remains difficult to quantify — although warned of a hit to its margins.

USA

'Nothing will stop me': Trump celebrates 100 days in office

Despite dropping poll numbers, the US leader claimed to have had the 'most successful' ever start to a presidency.

Economy

China’s manufacturing drops to a 16-month low as Trump’s tariffs bite

China’s factory activity in April fell to its lowest level since December 2023 as US tariffs weighed on business sentiment. Analysts noted that importers have now adopted a “wait-and-see” approach after Chinese manufacturers rushed to complete orders in March.

Markets

German markets reverse April losses as Trump grants auto tariff relief

Germany’s stock markets have risen since President Trump announced a 90-day pause on reciprocal tariffs on 9 April, nearly reversing all of April’s losses. Trump’s auto tariff relief is expected to continue supporting the broader market rally, with notable surges in auto stocks.

Economy

Donald Trump to offer automakers some relief on his 25% tariffs

President Donald Trump signed executive orders on Tuesday to relax some of his 25% tariffs on automobiles and auto parts, the White House said, a significant reversal as the import taxes threatened to hurt domestic manufacturers.

Health news

NGOs warn of Big Pharma’s influence on EU drug reform

Several major organisations are suspicious that recent lobbying efforts by pharmaceutical companies could sway the upcoming EU pharmaceutical reform talks in favour of innovation arguments at the expense of patient access.

Europe News

German consumer sentiment rises again but remains fragile

German consumer sentiment improves for a second month in April, driven by higher income expectations and lower savings, but remains weak amid ongoing recession fears, GfK and NIM report.

Economy

European markets rise as Trump prepares tariff reduction on auto parts

The White House has confirmed President Trump’s plan to reduce tariffs on auto parts for cars made in America, just days before the exemption on 25% import levies expires. Global markets continue their week-long winning streak, with major European indices opening higher.