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Warning lights flash at Nissan after monster profit warning
The road ahead looks treacherous for Nissan after the Japanese auto giant predicted an enormous loss just as US President Donald Trump's tariffs on car imports hit the industry. In any case, given the unpredictability of Trump's policies, analysts said it was unlikely that Nissan -- or any Japanese automaker -- would announce any major shift for now.
P&G cuts outlook as consumers pull back amid tariffs
Procter & Gamble cut its sales and profit forecast Thursday, citing a pullback in consumer behavior as uncertainty over tariffs and the economy cloud the picture. Consumers are adopting a "wait and see attitude" as they monitor stock market gyrations in light of tariff headlines and weigh uncertainty around the job market, mortgage rates and other factors, Schulten said.
US opposes 'dangerous' anti-fossil fuel policies at global summit
An international summit on the future of energy security opened in London on Thursday with stark opposition from Washington, which called policies to phase out fossil fuels "harmful and dangerous". We oppose these harmful and dangerous policies.
Pope's death sparks betting frenzy for successor
The date when Catholic cardinals will gather to select Pope Francis's successor is not yet known. - 'Inconsistent' - At least 15 days, and no more than 20 days after Pope Francis's death, 135 cardinal electors are due to take part in a conclave to pick a successor, usually from among their ranks.
Germany expects zero GDP growth this year, blames Trump tariffs
Germany's economy is expected to post zero growth in 2025, outgoing Economy Minister Robert Habeck said Thursday, blaming US President Donald Trump's trade policy. "Tariffs and trade policy turbulence are hitting the German economy harder than other nations," Habeck said.
Nissan forecasts huge annual net loss of up to $5.3 bn
Struggling Japanese auto giant Nissan issued a stark profit warning on Thursday, forecasting a huge loss of up to $5.3 billion in the 2024-25 financial year. Nissan -- which will announce its earnings in mid-May for the 2024-25 financial year that ended on March 31 -- said it expects to report a full-year net loss of 700-750 billion yen ($4.9 billion-$5.3 billion).
Asian markets mixed as China dispels Trump talk of tariff negotiations
Asian markets were mixed on Thursday as China poured cold water on US President Donald Trump's comments talking up the prospects of a deal to end their trade war. On Wednesday Trump's comments, as well as his insistence that he has "no intention" of firing the head of the US Federal Reserve, Jerome Powell, boosted markets.
Americans wary of Trump's economic about-faces
President Donald Trump's various U-turns are leaving Americans disillusioned -- especially after he was elected on vows of guaranteeing economic prosperity. A majority of Americans, 51 percent, were now dissatisfied with Trump's economic policies.
Tesla's EU sales plunge as Musk takes flak
Tesla electric car sales in Europe plunged in the first three months of the year, industry data showed Thursday, in a fresh blow to its boss Elon Musk who has been criticised for his work in US President Donald Trump's administration. Musk promptly announced he would scale back his work for the Trump administration in May to focus on Tesla.
AFP
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