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Airbus first-half profit climbs 85% to $1.7 bn
European aerospace group Airbus posted an 85-percent rise in first-half profit Wednesday to $1.7 billion, even though it delivered fewer commercial planes compared with the same period last year. The jump in profits to 1.5 billion euros came a year after Airbus reported a 46-percent slump in earnings for the first half of 2024.
Trump punishes Brazil with tariffs, sanctions over trial of ally Bolsonaro
President Donald Trump ordered massive tariffs on Brazil Wednesday and sanctions against the judge overseeing a trial of his far-right ally Jair Bolsonaro, who is accused of attempting a coup in Latin America's biggest economy. Bolsonaro is on trial for allegedly plotting a coup to stay in power after losing the 2022 election to leftist Lula.
Tata Motors to buy Italy's Iveco for $4.4 bn
Tata Motors of India will buy Italy's Iveco Group for 3.8 billion euros ($4.4 billion) in a bid to create a "global champion" in the commercial vehicles sector, the two companies said Wednesday.
Renault names Provost CEO after De Meo exit
French auto giant Renault said Wednesday that Francois Provost, currently in charge of procurement, would take over as chief executive following Luca de Meo's departure in June. Procurement director Prevost, 57, has been with Renault for 23 years and was one of De Meo's closest advisors, in particular for his "Renaultution" strategic plan.
Canada central bank holds rate steady citing US tariff 'threats'
Canada's central bank held its key lending rate at 2.75 percent on Wednesday, as the major US trading partner confronts economic uncertainty two days before President Donald Trump's latest tariff deadline.
Trump hits India with 25% tariff and 'penalty' over Russia ties
US President Donald Trump said Wednesday that imports from India will face 25 percent tariffs, while also announcing an unspecified "penalty" over New Delhi's purchases of Russian weapons and energy.
English cricket chiefs confirm sale of six Hundred franchises
Six teams in English cricket's controversial Hundred competition have now been sold to private investors, with deals for the Oval Invincibles and Trent Rockets still to be formally completed, officials announced Wednesday.
London court rules oligarch liable over $1.9 bn Ukraine loan scheme
The Ukrainian oligarch Igor Kolomoisky and his former business partner are likely to be forced to repay $1.9 billion that they "unlawfully" appropriated from a Ukrainian bank they owned, London's High Court ruled Wednesday.
Aston Martin pares outlook as US tariffs weigh
British luxury carmaker Aston Martin Lagonda on Wednesday revised down its full-year outlook as US President Donald Trump's tariffs weigh on operations. Automakers have been among the companies hit hardest by Trump's tariffs onslaught as he tries to bring auto production back to the United States.
AFP
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