AFP
19015 articles published since 08 Mar 2022
- All (19015)
- Economy (7234)
- Business and Economy (5268)
- World (4603)
- Africa (977)
- Technology (931)
- Asia (2)
Author's articles
Volkswagen takes 1.3-bn-euro hit from Trump tariffs
German auto giant Volkswagen said Friday that tariffs imposed by US President Donald Trump had cost it 1.3 billion euros in the first half of the year as it reported falling profit. Overall net profit fell 38.5 percent year-on-year during the period to hit 7.28 billion euros ($8.54 billion).
Asian markets turn lower as trade war rally fades
Asian stocks fell Friday as their latest rally ran out of legs, with sentiment weighed by strong US jobs data that saw investors row back their expectations for interest rate cuts.
US regulators let Skydance acquire Paramount Global
US regulators on Thursday approved an $8 billion deal for Skydance to acquire Paramount Global after receiving assurances the merged company will follow Trump administration guidelines against programs promoting diversity, equity and inclusion.
US chip maker Intel says revenue rose as it cut ranks
Intel on Thursday posted quarterly revenue that topped market expectations, saying it has cut about 15 percent of its workforce to be "more agile." "Intel has completed the majority of the planned headcount actions it announced last quarter to reduce its core workforce by approximately 15 percent," the company said in an earnings release.
First half net profit plunges 22% at French luxury group LVMH
French luxury group LVMH saw net profit plummet 22 percent in the first half of 2025, the company announced Thursday, blaming the plunge on an "unsettled economic and geopolitical" backdrop. In the wake of the US president's April 2 "Liberation Day" tariff announcements, Arnault, Europe's richest man, saw Hermes overtake LVMH as the world's most valuable luxury company.
American Airlines shares fall on weak forecast
American Airlines shares tumbled Thursday as the carrier projected a third-quarter loss due to lingering weakness in the US leisure market. The carrier projected a third-quarter loss of between 10 and 60 cents per share, and offered a full-year forecast range of between a loss of 20 cents and a gain of 80 cents per share.
Trump to tour Fed as war on central bank chief ramps up
Donald Trump is due to visit the US Federal Reserve Thursday as the president escalates his pressure on its chairman Jerome Powell over the central bank's management of the economy. The Federal Reserve, the world's most important central bank, makes independent monetary policy decisions, and its board members typically serve under both Republican and Democratic presidents.
EU turns up pressure with Trump trade deal 'in reach'
With the contours of a hard-fought EU-US trade deal taking shape, the European Union is flexing its muscles in a bid to squeeze concessions from US President Donald Trump in the run-up to his deadline of August 1.
India's Modi and UK PM Starmer ink trade deal
Prime Minister Keir Starmer praised Britain's "unique bonds" with India as he and his Indian counterpart Narendra Modi formally signed a recently announced UK-India trade deal during talks on Thursday. Starmer and Modi announced in May they had struck a free trade agreement that the British government says will eventually add £4.8 billion ($6.5 billion) a year to the UK economy.
AFP
Load moreLatest
