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Business

Apple plans to switch US iPhone assembly to India in blow to China

Rising tariff and trade tensions between the US and China could significantly impact Apple’s sprawling supply chain, which is still heavily dependent on China.

Economy

Could Trump's tariffs end up cooling European inflation?

Trump's tariff push may cool down rather than heat up inflation in Europe. Falling energy prices, a stronger euro and excess goods supply from China are disinflationary forces, likely prompting the ECB to consider deeper rate cuts down the road.

Business

Nintendo Switch 2 pre-orders surge as tariff price hike fears loom

Although demand for the Nintendo Switch 2 is strong at the moment, market experts have warned that US president Donald Trump's tariffs could cause price hikes for a number of consumer goods, including electronics.

Mobility

How the US is relaxing regulations to lead the self-driving car race

The Trump administration is loosening regulations to help US carmakers like Elon Musk’s Tesla develop self-driving cars and compete with Chinese rivals.

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Markets

Alphabet shares jump as Google Search advertising boosts growth

Alphabet shares jumped following strong quarterly earnings, as Google Search advertising delivered better-than-expected growth. Google Cloud, its key growth driver, also saw a sharp rise in profit as demand continued to outpace capacity.

Business

Trump claims China meeting despite Beijing denying trade talks

Trump insisted that a meeting with China had taken place regarding tariff negotiations, despite Beijing denying any such talks. Investors, however, saw signs of a de-escalation in the trade war, as global stock markets recovered most of the losses in April.

Economy

Germany's business morale hits 9-month high but trade clouds loom

Germany’s business morale rose to a 9-month high in April, yet sector confidence remains split. Manufacturing lags on trade fears, while construction and services gain.

Business

From tanks to banks: Thales profits from Europe’s defence spending

Thales’ sales in the first quarter were supported by increased European defence spending. However, new orders lagged mainly due to a very high comparison base, especially for defence.

Markets

Wall Street rally falters as Trump sends mixed tariff signals

The rebound in the US stock markets ran out of steam after a two-day rally as the Trump administration sent mixed messages regarding its tariff plans on other countries, particularly China.

Health news

EU holds firm on pharma reform proposal despite industry pressure

The European Commission has no plans to withdraw or revise its proposed overhaul of EU pharmaceutical rules, despite mounting pressure from the pharmaceutical industry concerned about potential tariffs and the sector’s competitiveness.

Business

Volvo Group posts lower sales and profits as tariff uncertainty hits

The Swedish truck maker’s first-quarter earnings declined sharply due to its sales falling in all regions and in almost all segments, as increased uncertainty surrounding tariffs and their effect on global trade persists.

Europe News

Papal exit offers rare diplomatic chance for global peace

With global tensions running high and world leaders gather en masse to pay their respects, Pope Francis’ funeral is shaping up to be one of the most significant international summits of the year.

Economy

Eurozone economy stalls in April as tariffs rattle services activity

Eurozone economy stagnates in April as trade tensions drag services sector into contraction. PMI data show Germany's resilience in manufacturing, while France's downturn deepens. Easing inflation pressures may support ECB rate cuts

Business

All eyes on EVs as carmakers eye competition at Auto Shanghai 2025

Global car companies as BMW, Volkswagen and General Motors are attempting to retain their market share in China as tariffs and rising Chinese competition threaten sales.

Business

Musk vows to step back from DOGE job and put more time into Tesla

Elon Musk says he’ll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big drop in profits.

Economy

Markets rebound as Trump signals cutting China tariffs 'substantially'

Global stock markets experienced a relief rally after US Treasury Secretary Scott Bessent indicated that high tariffs were not sustainable, raising hopes for a de-escalation in the US–China trade war. President Trump confirmed the stance and signalled that tariffs on China would be cut.

Europe News

Winners and losers: The long game of US-EU trade conflicts

The current trade war between the US and the EU is nothing new. Five major disputes have pitted the two economic powers against one another. So how did they turn out?

India

Vance and Modi hail positive US-India trade talks amid tariff threat

The US is India's main trading partner and their bilateral trade stood at €113bln in 2024, with a €39.9bln surplus in favour of New Delhi.

Markets

Gold price hits record high: What’s behind the precious metal’s rally?

Gold prices have surged almost 31% so far this year already, driven by rising safe haven demand and an increasingly volatile global economy.

Business

Swiss pharma giant Roche pledges to invest €47 billion in the US

The investment plans include new R&D sites in four US states and creating more than 12,000 jobs, according to the Swiss pharmaceutical company.

Stay updated with the latest news on tariffs, including policy changes, economic impact, and global trade implications. Our coverage provides expert insights and thorough analysis on how tariffs are shaping international markets.