As President Donald Trump’s new term begins, Volkswagen is voicing its strong opposition to potential tariffs on US imports, warning of a “harmful economic impact” on American consumers and the…
Tag: business
IKEA CEO Warns of Price Increases Due to Trade Tariffs
Tariffs: A Growing Concern for International Businesses At the World Economic Forum in Davos, Switzerland, Jesper Brodin, the CEO of Ingka Group—the largest franchisee of IKEA—expressed his apprehensions about the…
Oxfam Report Reveals Massive Increase in Billionaire Wealth and Predicted Trillionaires
Billionaire Wealth Sees Significant Growth Oxfam’s latest report reveals that billionaire wealth surged by a staggering $2 trillion in 2024, growing at a rate three times faster than the previous…
ArcelorMittal’s Green Steel Setback Raises Concerns for Industrial Transition
ArcelorMittal Halts Green Steel Plans ArcelorMittal’s recent decision to delay its transition to hydrogen-based “green” steel production across Europe has sparked concern among climate advocates and renewable energy supporters. This…
Mixed Manufacturing Results Across Europe in November
Spain’s Manufacturing Modest Growth Spain’s manufacturing sector experienced a slowdown in growth during November, as the HCOB manufacturing Purchasing Managers’ Index (PMI) recorded a decline to 53.1, down from 54.5…
Aston Martin Faces Challenges: New Debt and Profit Warning Issued
Financial Struggles for the Luxury Automaker Aston Martin, the renowned British luxury car manufacturer, is grappling with financial challenges as it seeks to raise millions to invest in electrification and…
Germany’s November Inflation Figures Surprise Markets: Bund Yields Decline
Inflation Rates Underwhelm Expectations Germany’s inflation rate rose to 2.2% in November, falling short of analysts’ predictions. The figures revealed a notable 0.2% drop in monthly inflation, signifying a trend…
Job Loss Fears Emerge Amid UniCredit Takeover Bid, Warns Banco BPM CEO
Potential Job Losses on the Horizon Giuseppe Castagna, the CEO of Banco BPM, has raised alarming concerns over a potential takeover by Italian rival UniCredit, estimating that as many as…
China Responds Firmly to Potential U.S. Tariff Hikes
Warnings Against Tariff Increases A senior official from China’s Commerce Ministry has strongly cautioned that any future tariff increases on Chinese exports by the United States will backfire. In a…
Bitcoin Skyrockets Amid Hopes for Crypto-Friendly Policies Post-Elections
Bitcoin Hits New Heights Bitcoin continues its impressive climb, surpassing the $99,000 mark for the first time as it enjoys a remarkable surge of over 40% in just two weeks.…