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Germany’s car industry, for so long a bellwether of that country’s economy, is struggling. Fresh from news that Porsche shares tumbled 7% on launch delays, Bosch plans to shed 13,000 jobs at its auto-parts division by 2030.These cuts,equal about 3% ...

Starbucks is pressing ahead with a sweeping $1 billion restructuring that will see a reduction in its North American footprint and fresh job cuts as the company grapples with a slowdown in its largest market. The plan will trim the number ...

Alibaba’s stock swelled 9% in Hong Kong trading after CEO Eddie Wu pledged to increase the company’s already ambitious artificial intelligence budget. The Chinese e-commerce leader had previously committed about $55 billion toward AI infrastructure over the next three years, and ...

Nvidia shares climbed nearly 4% on Monday after the world’s most valuable chipmaker confirmed plans to invest as much as $100 billion in OpenAI, marking one of the largest commitments yet in the artificial intelligence arms race. The deal, structured as ...

Porsche shares dropped more than 7% on Monday after the carmaker cut its profit outlook and postponed the rollout of a new electric vehicle line, sending Volkswagen stock, its largest shareholder, down by a similar margin. The company now expects operating ...

Canada and Mexico have agreed to strengthen co-operation on trade and security as they continue to feel the heat from Washington’s protectionist stance. Prime Minister Mark Carney’s first official visit to Mexico City signaled a reset in relations with President Claudia ...

The Bank of England (BOE) has held its benchmark rate at 4%, with a 7-2 majority on the Monetary Policy Committee opting to pause while two members voted for a 25-basis-point cut. The decision followed a quarter-point trim in August and ...

The Federal Reserve is widely expected to trim the federal funds rate by 25 basis points this week, lowering the target range from 4.25%–4.5%. Traders have already priced in the move, but the real focus is on what comes next. Futures ...

Alphabet has surged past the $3 trillion mark in market capitalization, cementing its position among a handful of mega-cap tech giants. The rally was fuelled by a favourable US court ruling that ended a five-year antitrust battle and spared Google from ...

Klarna’s listing on the New York Stock Exchange marked one of 2025’s most anticipated debuts, with shares climbing 14.6% on day one. Priced at $40, the stock opened at $52 and briefly touched $57 before closing at $45.82. More than ...

Novo Nordisk will cut around 9,000 jobs, or more than 11% of its global workforce, as the Danish drugmaker confronts intensifying competition from Eli Lilly in the multibillion-dollar obesity and diabetes market. The restructuring is expected to generate annualized savings of ...

Anglo American shares jumped more than 9% in London after the miner announced a $50 billion merger with Canada’s Teck Resources, creating the biggest tie-up in the mining industry in over a decade. The deal, which will give Anglo investors 62.4% ...

Gold has reclaimed its status as the market’s ultimate safe haven in 2025, with prices smashing through $3,600 an ounce, delivering nearly 40% gains year-to-date, the best run for the precious metal since as far back as 1978. On the other ...

China’s exports slowed in August, rising just 4.4% in dollar terms from a year earlier, the weakest pace since February and below the 5% economists had forecast. Imports inched up 1.3%, well short of expectations for 3% growth, reflecting sluggish ...

The White House has locked in a Japan trade package that applies a 15% baseline tariff on nearly all Japanese imports, with sector levies covering autos and parts at the same 15% and additional lines for aerospace, generics, and natural ...