Sign at the entrance to the Puma store in Midtown Manhattan. Erik Mcgregor | Lightrocket | Getty Images Puma shares plummeted as much as 18% Friday after the German sportwear brand posted worse-than-expected second-quarter sales and cut its full-year guidance, flagging the impact of U.S. trade tariffs. In a preliminaryRead More →
A worker performs a final check on new Volkswagen ID.3 electric cars at the Volkswagen plant on May 14, 2025 in Dresden, Germany. Sean Gallup | Getty Images News | Getty Images Germany’s Volkswagen on Friday lowered its full-year guidance and reported a sharp drop in second-quarter profit, as the auto giantRead More →
The President of the European Central Bank Christine Lagarde at the 2025 European Central Bank Forum on Central Banking on June 30, 2025 in Sintra, Portugal. Horacio Villalobos | Corbis News | Getty Images The European Central Bank on Thursday kept interest rates steady amid major economic uncertainty, as theRead More →
By Louis Jacobson | Politifact Published On 24 Jul 202524 Jul 2025 One of the Trump administration’s biggest tariff boosters, Commerce Secretary Howard Lutnick, recently said tariffs will not only energise the industrial sector in the United States but also help the government’s finances. During a July 20 interview on CBS’sRead More →
Recently imported brand new unregistered Honda cars are parked in a storage yard at the Port of Bristol on January 15, 2025 near Bristol, England. Anna Barclay | Getty Images Shares of Japanese automakers surged after Japanese Prime Minister Shigeru Ishiba said that U.S. auto tariffs were lowered to 15%Read More →
President Donald Trump on Tuesday stateside announced a “massive” deal with Japan that includes “reciprocal” tariffs of 15% on the country’s exports to the U.S, with auto duties reportedly being lowered to that level as well. In a post on Truth Social, Trump labeled the agreement as “perhaps the largestRead More →
GM’s profit tumble in second quarter comes a day after Jeep maker Stellantis says it expected a $2.7bn loss in the first six months of the year. Auto giant General Motors has reported a 35 percent drop in second-quarter profits, including a $1.1bn hit from United States-imposed tariffs but confirmedRead More →
The office building of international biopharmaceutical company AstraZeneca. Cfoto | Future Publishing | Getty Images AstraZeneca on Monday said it plans to invest $50 billion in bolstering its U.S. manufacturing and research capabilities by 2030, becoming the latest pharmaceutical firm to ramp up its stateside spending in the wake ofRead More →
President Donald Trump speaks at a dinner for Republican Senators at the White House in Washington, DC, on July 18, 2025. Photo by Allison Robbert/For The Washington Post via Getty Images The U.S. has signaled it will not let up on its Aug. 1 deadline for higher tariffs on theRead More →
A European Union (EU) flies alongside a British Union flag, also known as a Union Jack in London. Jason Alden | Bloomberg Creative Photos | Getty Images In 2016, the U.K.’s vote to leave the EU prompted many businesses to shift operations to the European continent, taking investment and headcount with them. Fast forwardRead More →
