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Meta quarterly profit climbs despite big cloud spending
Tech giant Meta reported quarterly profits well above expectations Wednesday, brushing aside market worries that its heavy investments in cloud computing and artificial intelligence would hamper growth. Some 3.43 billion people use apps in the Meta family daily, the tech firm said in the earnings report.
Caterpillar so far not hiking prices to offset tariff hit
Caterpillar has trimmed corporate travel and other discretionary spending to offset a tariff hit, but has no plans to raise prices or overhaul supply chains, executives said Wednesday. The company is not currently considering price increases due to tariffs, partly out of the hope that Trump will reach trade deals that remove the levies, executives said.
Trump praises Musk as chief disruptor eyes exit
US President Donald Trump on Wednesday said Tesla boss Elon Musk could stay working for the White House as long as he wanted but understood the tycoon wanted to get back to his businesses. "And you know you're invited to stay as long as you want," Trump said, though added that Musk may want "to get back home to his cars."
Mexico avoids recession despite tariff uncertainty
Mexico's economy returned to growth in the first quarter of 2025, avoiding a recession despite deep uncertainty over US President Donald Trump's sweeping tariffs, official data showed Wednesday. The positive growth means Mexico outpaced the US economy, which data released on Wednesday showed contracted in the first three months of the year.
Microsoft president urges fast 'resolution' of transatlantic trade tensions
Microsoft President Brad Smith called Wednesday for a swift resolution of trade tensions between the United States and Europe, during an interview with AFP in Brussels. It's been important and good for the United States, it's been important and good for Europe," Smith said.
More automakers drop earnings guidance over tariffs
Germany's Mercedes-Benz and US-European group Stellantis, whose brands include Jeep, Peugeot and Fiat, joined other automakers Wednesday in suspending their annual financial guidance because of uncertainty over US tariffs.
German growth better than expected but tariff turmoil looms
Germany's struggling economy grew faster than expected at the start of the year, data showed Wednesday, in a boost for the incoming government of conservative Friedrich Merz even as US tariffs threaten to derail the nascent recovery.
Eurozone economy grows more than expected despite US tariff turmoil
The eurozone economy expanded more than expected at the start of the year, official data showed on Wednesday, despite US President Donald Trump's tariffs but global trade tensions threaten more pain and near stagnation in 2025.
Germany's next finance minister, 'bridge-builder' Lars Klingbeil
Germany's incoming finance minister Lars Klingbeil is a self-styled political "bridge-builder" whose calm and personable demeanour belies his sharp political instincts.
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