Today: Jul 02, 2025

Business - Page 2

Davos: Wars top global concerns ahead of WEF
Davos: Wars top global concerns ahead of WEF

Davos: Wars top global concerns ahead of WEF

Ahead of next week’s annual World Economic Forum in Davos, a survey suggests that industry leaders see armed conflict as the biggest potential threat to global economies in 2025. Armed conflict and
6 months ago
German economy shrank once again in 2024
German economy shrank once again in 2024

German economy shrank once again in 2024

The Federal Statistical Office has reported a 0.2% contraction in GDP, making it the second year in a row the economy has fallen. Germany has been struggling with a cost of living
6 months ago
US: SEC sues Elon Musk for securities violation over X
US: SEC sues Elon Musk for securities violation over X

US: SEC sues Elon Musk for securities violation over X

US financial regulator has sued Elon Musk for failing to properly disclose his purchase of Twitter shares, a secrecy that allowed him to buy stock at “artificially low prices.” The US Securities
6 months ago
Chinese exports rise in December, beating expectations
Chinese exports rise in December, beating expectations

Chinese exports rise in December, beating expectations

China’s trade surplus increased in 2024, with Germany one of the many countries operating at a deficit to Beijing. Chinese factories were rushing to produce as much as possible ahead of Donald
6 months ago
Honda and Nissan launch negotiations for historic merger
Honda and Nissan launch negotiations for historic merger

Honda and Nissan launch negotiations for historic merger

Collaboration between the rival Japanese car makers set to create the world’s third-largest automaker by sales. The auto giants are faced with increasing competition from electric vehicles made in China. Honda and
6 months ago
Eurozone inflation rises less than expected, more in Germany
Eurozone inflation rises less than expected, more in Germany

Eurozone inflation rises less than expected, more in Germany

Inflation across the Eurozone continued to rise in November, but less than expected. Germany, however, was among those countries which bucked the trend. Inflation in the European Union’s single currency area has increased for
7 months ago
Nissan, Honda inch closer to possible merger
Nissan, Honda inch closer to possible merger

Nissan, Honda inch closer to possible merger

The two Japanese carmakers confirmed reports that they would be ‘collaborating’ more closely. They were also holding talks with Mitsubishi, with whom they have a parts-sharing agreement for electric vehicles. Japanese car
7 months ago
China retail growth slows, agency calls for 2025 support
China retail growth slows, agency calls for 2025 support

China retail growth slows, agency calls for 2025 support

New Chinese economic performance indicators for November show growth but a slowdown in retail sales despite efforts to incentivize spending. Beijing is bracing for possible impacts of a second Trump term in
7 months ago
China retail growth slows, agency calls for 2025 support
China retail growth slows, agency calls for 2025 support

China retail growth slows, agency calls for 2025 support

New Chinese economic performance indicators for November show growth but a slowdown in retail sales despite efforts to incentivize spending. Beijing is bracing for possible impacts of a second Trump term in
7 months ago
Merkel's book already the most successful of the year
Merkel's book already the most successful of the year

Merkel’s book already the most successful of the year

The ex-chancellor’s memoir “Freedom” has already sold 200,000 copies in Germany in just one week on bookstore shelves. Merkel has embarked on a whirlwind promotion tour in Europe and the US. Angela
7 months ago
China hits back at US chip sanctions with bans on exports
China hits back at US chip sanctions with bans on exports

China hits back at US chip sanctions with bans on exports

Beijing said it would restrict exports to the United States of some key components for making semiconductors. The development comes after Washington announced curbs targeting China’s ability to make advanced chips. China announced
7 months ago
France's Macron hosts Nigeria's Tinubu for talks in Paris
France's Macron hosts Nigeria's Tinubu for talks in Paris

France’s Macron hosts Nigeria’s Tinubu for talks in Paris

‘Nigeria is open for business,’ President Bola Tinubu said after his meeting with French President Emmanuel Macron. Nigeria is France’s top trading partner in sub-Saharan Africa. Nigeria’s President Bola Tinubu arrived in France on Thursday
7 months ago
German economy grows slower than expected in third quarter
German economy grows slower than expected in third quarter

German economy grows slower than expected in third quarter

According to preliminary data from the federal statistics office, the economy grew only 0.1% compared to the second quarter. Economists hope sinking inflation will drive consumer spending. The Federal Statistical Office, or
7 months ago
VW talks: Union demands deal before Christmas
VW talks: Union demands deal before Christmas

VW talks: Union demands deal before Christmas

Volkswagen has threatened plant closures and layoffs in a bid to reduce labor costs. Workers could declare strikes starting in December if talks fall through. Workers’ representatives have called for a deal
7 months ago
Why are US authorities seeking sale of Google Chrome?
Why are US authorities seeking sale of Google Chrome?

Why are US authorities seeking sale of Google Chrome?

US antitrust officials have proposed that Google should be forced to sell its Chrome browser after the company was found guilty of illegally monopolizing the search market. How important is Chrome for
7 months ago
Germany: Police remove Tesla protesters from forest camp
Germany: Police remove Tesla protesters from forest camp

Germany: Police remove Tesla protesters from forest camp

Authorities say those protesting the US carmaker’s expansion plans will be allowed to return after the area is combed for WWII bombs. Environmentalists have fought expansion for months and call authorities dishonest.
7 months ago
Germany's VW and Rivian launch joint electric car venture
Germany's VW and Rivian launch joint electric car venture

Germany’s VW and Rivian launch joint electric car venture

The German automotive giant said that it was committing to a $5.8 billion investment to boost its transition to electric vehicles in cooperation with US EV-maker Rivian. Embattled German car manufacturer Volkswagen has launched
8 months ago
What a Donald Trump victory means for the global economy
What a Donald Trump victory means for the global economy

What a Donald Trump victory means for the global economy

With Donald Trump likely to return to the White House, his economic ideas could soon become reality. Expect “America First,” tax cuts, tariffs, trade wars and a cryptocurrency boom. As the world
8 months ago
Netflix offices raided in French and Dutch tax probe
Netflix offices raided in French and Dutch tax probe

Netflix offices raided in French and Dutch tax probe

Police and fraud experts raided Netflix’s offices in Paris and Amsterdam as part of an investigation into possible fraud. Dutch authorities said they were acting at the behest of the French authorities.
8 months ago
Boeing factory workers end 7-week strike
Boeing factory workers end 7-week strike

Boeing factory workers end 7-week strike

Boeing employees accepted the company’s offer for a 38% pay rise. The company is still planning to move forward with major job cuts. The US aircraft giant can now restart production and
8 months ago
EU investigates Temu over illegal products 36 minutes ago36 minutes ago
EU investigates Temu over illegal products 36 minutes ago36 minutes ago

EU investigates Temu over illegal products

The European Union’s executive arm wants to ensure the Chinese online shopping platform’s goods “meet EU standards and do not harm consumers.” The European Commission opened an investigation into the Chinese online shopping platform Temu on
8 months ago
EU agency finds banned chemicals in some 6% of cosmetics
EU agency finds banned chemicals in some 6% of cosmetics

EU agency finds banned chemicals in some 6% of cosmetics

The European Chemicals Agency (ECHA) says it identified 285 cosmetic products “from various sellers and at all price ranges” containing chemicals banned in Europe. Its main investigation method was surprisingly simple. A
8 months ago
Germany metalworkers launch strikes over pay
Germany metalworkers launch strikes over pay

Germany metalworkers launch strikes over pay

Warning strikes have begun in Germany’s metal and electrical industries as collective bargaining continues amid Volkswagen’s plant closure plans. Germany’s IG Metall union launched strikes in the metal and electrical industries early
8 months ago
VW intends to shut 3 German factories, works council says
VW intends to shut 3 German factories, works council says

VW intends to shut 3 German factories, works council says

The move will slash thousands of jobs, the Volkswagen works council says. It comes as Germany experiences a sluggish economy and automakers deal with high production costs. German automotive giant Volkswagen (VW) plans on
8 months ago
European Central Bank cuts key interest rate to 3.25%
European Central Bank cuts key interest rate to 3.25%

European Central Bank cuts key interest rate to 3.25%

The decision came after new figures showed inflation across the bloc had fallen to its lowest level in more than three years. The European Central Bank (ECB) has cut borrowing costs for the
9 months ago
Inflation in Eurozone cools to 1.7% in September
Inflation in Eurozone cools to 1.7% in September

Inflation in Eurozone cools to 1.7% in September

The slowdown in consumer price increases comes as the European Central Bank is expected to cut interest rates. Year-on-year inflation in the eurozone slowed to 1.7% last month, slightly lower than previously estimated, according to
9 months ago
German exports to US reach new high as election looms
German exports to US reach new high as election looms

German exports to US reach new high as election looms

Germany is exporting its highest level of goods to the US in decades. The upcoming elections between Donald Trump and Kamala Harris could have major consequences for the German economy, with Trump
9 months ago
China 'confident' of hitting economic goals
China 'confident' of hitting economic goals

China ‘confident’ of hitting economic goals

Beijing has disappointed investors who were hoping for an announcement of more stimulus measures. Analysts say its 5% growth goal for 2024 is highly optimistic. China on Tuesday expressed certainty it could meet its
9 months ago
EU greenlights tariffs for Chinese electric vehicles
EU greenlights tariffs for Chinese electric vehicles

EU greenlights tariffs for Chinese electric vehicles

Germany strongly opposes the tariffs amid fears of a trade war with China. Meanwhile, Beijing called the move “protectionist” and threatened retaliatory measures. The European Union voted on Friday to pave the
9 months ago
US dockworkers end strike after tentative pay deal
US dockworkers end strike after tentative pay deal

US dockworkers end strike after tentative pay deal

The strike involving tens of thousands of workers paralyzed US ports along the East and Gulf Coasts. A lengthy strike, some warned, could become a major challenge for the US economy. US
9 months ago
US: Union slams Boeing's 'best and final offer'
US: Union slams Boeing's 'best and final offer'

US: Union slams Boeing’s ‘best and final offer’

The plane-maker said it made a “best and final offer” to striking workers, including bigger raises and bonuses, but the union said the proposal wasn’t good enough. Union negotiators on Monday said Boeing’s
9 months ago
Tupperware files for bankruptcy as demand shrinks
Tupperware files for bankruptcy as demand shrinks

Tupperware files for bankruptcy as demand shrinks

Once popular for its colorful food storage containers, US firm Tupperware has filed for bankruptcy. The company succumbed to a plummeting demand for its products. Tupperware Brands Inc. and some of its
10 months ago
Boeing US factory workers vote to strike
Boeing US factory workers vote to strike

Boeing US factory workers vote to strike

US factory workers at the embattled planemaker voted overwhelmingly in favor of a strike. The industrial action comes after a series of high-profile safety issues on Boeing aircraft. Boeing workers in the northwestern United
10 months ago
BMW recalls 1.5 million cars over brake issue
BMW recalls 1.5 million cars over brake issue

BMW recalls 1.5 million cars over brake issue

German luxury carmaker BMW says it is recalling the vehicles over an apparent brake problem. Partly as a result, the Bavarian company is lowering its sales and profit expectations. BMW on Tuesday announced
10 months ago
Boeing offers 25% pay rise to avoid strike
Boeing offers 25% pay rise to avoid strike

Boeing offers 25% pay rise to avoid strike

The aviation giant and a local labor union have agreed to the deal after workers threatened a crippling strike. The company has suffered major financial losses following a series of fatal crashes
10 months ago
Cathay Pacific grounds A350 fleet after engine failure
Cathay Pacific grounds A350 fleet after engine failure

Cathay Pacific grounds A350 fleet after engine failure

The Hong Kong carrier said it will inspect all 48 of its Airbus A350 widebody planes after a component of the Rolls-Royce manufactured engine malfunctioned post takeoff. Hong Kong-based Cathay Pacific Airways
10 months ago
Dutch watchdog fines Uber over driver data protection
Dutch watchdog fines Uber over driver data protection

Dutch watchdog fines Uber over driver data protection

A regulator in the Netherlands has slapped ride-hailing app Uber with a €290 million finer for transferring European drivers’ data to the US. The firm described the decision as “extraordinary.” The Dutch data
10 months ago
Lufthansa subsidiary Discover Airlines plans strike
Lufthansa subsidiary Discover Airlines plans strike

Lufthansa subsidiary Discover Airlines plans strike

The four-day strike is scheduled to start on Tuesday, trade unions representing pilots and cabin crew said. Founded in 2021, the airline operates 27 aircraft from Munich and Frankfurt to a range
10 months ago
Botswana unearths world's second-largest diamond
Botswana unearths world's second-largest diamond

Botswana unearths world’s second-largest diamond

Botswana’s President Mokgweetsi Masisi was quick to view and pose with the vast gemstone. Diamonds are a key export for the country, although the company that unearthed the diamond is based in
10 months ago
Germany: Industrial orders up for first time in 6 months
Germany: Industrial orders up for first time in 6 months

Germany: Industrial orders up for first time in 6 months

Amid slow economic growth figures, German companies have seen the first month-on-month rise in orders this year. But second-quarter figures overall were still down. German manufacturers received some good news on Tuesday, with
11 months ago
Germany’s unemployment rises as economic growth stalls
Germany’s unemployment rises as economic growth stalls

Germany’s unemployment rises as economic growth stalls

July has seen an unexpected jump in unemployment in Germany, with over 2 million people left jobless. The German social welfare system braces itself for spending more on welfare support than planned.
11 months ago
German economy contracts unexpectedly in second quarter
German economy contracts unexpectedly in second quarter

German economy contracts unexpectedly in second quarter

New data shows that Germany’s economic output fell by 0.1% compared to the first quarter. The news dampens prospects of a recovery in Europe’s largest economy. Germany’s economy unexpectedly shrank in the
11 months ago

Large-scale money laundering network uncovered

The Halle-Vilvoorde public prosecutor’s office and federal judicial police have uncovered a large-scale money laundering network. During 13 house searches in Halle-Vilvoorde, Brussels, Mons, Walloon Brabant and Charleroi, eight people were arrested.
12 months ago
Germany: Tesla given go-ahead for Berlin factory expansion
Germany: Tesla given go-ahead for Berlin factory expansion

Germany: Tesla given go-ahead for Berlin factory expansion

German authorities have granted Elon Musk’s Tesla permission to expand its Gigafactory just outside Berlin. The original plans sparked resistance from locals worried about the environmental impacts. US electric vehicle giant Tesla
12 months ago
German industrial orders decline amid weak foreign demand
German industrial orders decline amid weak foreign demand

German industrial orders decline amid weak foreign demand

The fifth consecutive decline in factory orders and a fall in demand from abroad point to “subdued” industrial activity in the coming months. The Federal German statistics office, Destatis, said Thursday that factory orders
12 months ago
EU slaps tariffs of up to 38% on Chinese electric vehicles
EU slaps tariffs of up to 38% on Chinese electric vehicles

EU slaps tariffs of up to 38% on Chinese electric vehicles

The European Commission has said it is imposing provisional duties on Chinese electric cars to counteract what it called unfair subsidies received by Chinese EV makers. The European Commission on Wednesday announced it
12 months ago
Japan issues new banknotes after decades
Japan issues new banknotes after decades

Japan issues new banknotes after decades

New yen bills use 3-D holographic technology to curb counterfeiting, which Japan’s money printing agency called a world-first. Cashless payment has been slow to catch on in Japan. Japan issued its first new
12 months ago
Boeing to acquire subcontractor Spirit for $4.7 billion
Boeing to acquire subcontractor Spirit for $4.7 billion

Boeing to acquire subcontractor Spirit for $4.7 billion

Boeing is set to take subcontractor Spirit back into its fold, stepping away from its longtime strategy of outsourcing key parts of its passenger airplanes. Aircraft manufacturer giant Boeing has announced plans
1 year ago
VW splashes $5 billion in joint venture with Rivian
VW splashes $5 billion in joint venture with Rivian

VW splashes $5 billion in joint venture with Rivian

The German vehicle giant will join forces with the US EV-maker to develop software to be shared by both manufacturers before 2030. The deal will be a 50-50 arrangement. Volkswagen, the world’s
1 year ago
Germany sees company bankruptcies soar
Germany sees company bankruptcies soar

Germany sees company bankruptcies soar

The number of corporate bankruptcies in Germany has risen sharply, continuing an already upward trend. A tough financial climate impacted by global events is believed to have irreparably damaged many firms. Germany’s
1 year ago
US Fed holds key interest rate steady at above 5%
US Fed holds key interest rate steady at above 5%

US Fed holds key interest rate steady at above 5%

Policymakers at the US Federal Reserve have said “modest” progress has been made toward lowering inflation to a target level of 2%. Only one rate cut is expected this year. The US
1 year ago
IEA: Clean energy investment to reach $2 trillion in 2024
IEA: Clean energy investment to reach $2 trillion in 2024

IEA: Clean energy investment to reach $2 trillion in 2024

According to the International Energy Agency (IEA), more money is being invested in solar power than in all other sources of electricity combined. Global investment in clean energy will reach $2 trillion (€1.84 trillion)
1 year ago
McDonald's loses Chicken Big Mac trademark in Europe
McDonald's loses Chicken Big Mac trademark in Europe

McDonald’s loses Chicken Big Mac trademark in Europe

McDonald’s has lost a legal dispute against an Irish fast food chain. A top EU court ruled the global giant could not exclusively call its chicken burgers “Big Mac.” McDonald’s lost a long-running
1 year ago
Toyota apologizes as Japanese car testing scandal widens
Toyota apologizes as Japanese car testing scandal widens

Toyota apologizes as Japanese car testing scandal widens

The head of the Japanese car making giant gave an apologetic press conference after an internal review found Toyota had cheated on certification tests. Japan’s government is also investigating. Toyota Motor Corporation
1 year ago
Eurozone inflation up more than expected in May
Eurozone inflation up more than expected in May

Eurozone inflation up more than expected in May

Inflation in the 20-nation eurozone has risen faster than expected in May. But the European Central Bank is still expected to cut interest rates at a June 6 meeting. Consumer prices in
1 year ago
Post-Brexit trade border controls to cost UK $6 billion
Post-Brexit trade border controls to cost UK $6 billion

Post-Brexit trade border controls to cost UK $6 billion

The UK’s public spending watchdog said government expenditures on implementing new rules for post-Brexit imports would total some $6 billion. The report criticized “uncertainty” surrounding government plans. Britain will spend at least
1 year ago
Argentina: Yearly inflation hits 290% as monthly rate slows
Argentina: Yearly inflation hits 290% as monthly rate slows

Argentina: Yearly inflation hits 290% as monthly rate slows

Although the yearly inflation rate is the highest it has been in decades, the monthly inflation figure decreased more than experts predicted. Javier Milei’s government has introduced strict austerity policies. Inflation in Argentina slowed
1 year ago
Argentina: Yearly inflation at almost 300%
Argentina: Yearly inflation at almost 300%

Argentina: Yearly inflation at almost 300%

When President Javier Milei took office in December he promised to address the economy with monthly inflation at over 25%. Meanwhile, experts warn that falling inflation is the symptom of a painful
1 year ago
US announces higher China tariffs, including 100% for EVs
US announces higher China tariffs, including 100% for EVs

US announces higher China tariffs, including 100% for EVs

The US has announced a series of increased tariffs on goods in various key sectors hailing from China. Semiconductors, solar cells, batteries, electric vehicles and some minerals are among the affected items.
1 year ago
Emirates Group logs record profits of $5.1 billion
Emirates Group logs record profits of $5.1 billion

Emirates Group logs record profits of $5.1 billion

Dubai-based Emirates Group announced record annual profits of $5.1 billion — a 71% increase from last year — based on strong customer demand. Dubai-based airline Emirates announced record annual profits of $5.1 billion
1 year ago
Britain's economy exits recession ahead of elections
Britain's economy exits recession ahead of elections

Britain’s economy exits recession ahead of elections

The UK’s economy grew stronger than expected at 0.6% in the first quarter of this year. However, the country’s economic growth after the COVID-19 pandemic has been slow. Britain saw stronger than expected
1 year ago
Air Vanuatu files for bankruptcy protection
Air Vanuatu files for bankruptcy protection

Air Vanuatu files for bankruptcy protection

Vanuatu’s national carrier has canceled all flights and filed for bankruptcy protection, stranding a large number of tourists. Liquidators say it might be sold to a private operator. Air Vanuatu, the national
1 year ago
German exports rise unexpectedly high in March
German exports rise unexpectedly high in March

German exports rise unexpectedly high in March

A good demand for German products in the US and China has resulted in a surprisingly high export rate in March. But economic growth in the first quarter remained miniscule. German exports
1 year ago
FAA opens Boeing probe over possible 'falsified' 787 records
FAA opens Boeing probe over possible 'falsified' 787 records

FAA opens Boeing probe over possible ‘falsified’ 787 records

The planemaker informed the aviation safety regulator last month that required tests on its 787 aircraft model were not performed. The Federal Aviation Administration (FAA) said Monday it had opened an investigation into Boeing after the American
1 year ago
German consumer confidence hits two-year high
German consumer confidence hits two-year high

German consumer confidence hits two-year high

Consumer confidence rose for the third month in a row in Europe’s largest economy, according to a market research survey. Germany is seeing mild economic improvement after grappling with slow growth and
1 year ago
IMF cuts growth outlook for Germany
IMF cuts growth outlook for Germany

IMF cuts growth outlook for Germany

The International Monetary Fund has revised its growth outlook for the eurozone’s biggest economy by 0.3 percentage points. The German economy is predicted to be the slowest-growing of all G7 states this
1 year ago
China: Economy outperforms first quarter forecasts
China: Economy outperforms first quarter forecasts

China: Economy outperforms first quarter forecasts

Strong performance in the manufacturing sector as well as new infrastructure projects helped China’s economy surpass expectations for the first three months of the year. China’s economy grew far more than expected in
1 year ago
German car industry regains some confidence
German car industry regains some confidence

German car industry regains some confidence

German carmakers are seeing the future in a rosier light than last month, a leading economic institute says. Positive developments regarding exports to the US and China are a major factor driving
1 year ago
Eurozone inflation drops faster than predicted in March
Eurozone inflation drops faster than predicted in March

Eurozone inflation drops faster than predicted in March

Consumer prices in the eurozone went down further in March than economists expected. But analysts are still not predicting an immediate cut in interest rates from the European Central Bank. The annual
1 year ago
China lifts wine tariffs on Australia amid improving ties
China lifts wine tariffs on Australia amid improving ties

China lifts wine tariffs on Australia amid improving ties

China enforced heavy tariffs on Australian wine in 2020 due to political grievances, among them Australia’s backing of a global inquiry into the origins of COVID-19. China’s and Australia’s ties as trade partners look to
1 year ago
France set to commission new nuclear plant
France set to commission new nuclear plant

France set to commission new nuclear plant

France’s state-owned energy company EDF says it has approval to load a new nuclear plant with fuel. France plans to expand its nuclear sector, unlike Germany, which has shut it down France’s
1 year ago
Reddit valued at $6.4 billion in Wall Street IPO
Reddit valued at $6.4 billion in Wall Street IPO

Reddit valued at $6.4 billion in Wall Street IPO

US-based social media platform Reddit makes its debut on the New York stock market exchange, after the first big tech IPO in years. American social media company Redditmakes its trading debut on
1 year ago
IMF initially agrees to disburse $1.1 billion to Pakistan
IMF initially agrees to disburse $1.1 billion to Pakistan

IMF initially agrees to disburse $1.1 billion to Pakistan

The sum is the final tranche of a $3 billion rescue-package Islamabad had secured last summer. The newly-elected administration of the South Asian cash-strapped country is already seeking another IMF loan. The International
1 year ago
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