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US consumer inflation cooled in April to lowest level since 2021
US consumer inflation cooled slightly in April, figures showed Tuesday, coming in better than expected against a background of President Donald Trump's sweeping tariffs. The monthly figure was slightly below expectations, while the annual figure was in line with forecasts.
Europe's biggest 'green' methanol plant opens in Denmark
Europe's largest "green" methanol plant opened in Denmark on Tuesday, boosting the continent's emissions reduction efforts -- with customers ranging from shipping giant Maersk to toymaker Lego and pharmaceutical firm Novo Nordisk. The e-methanol will serve as fuel for Maersk ships, raw material for Lego's colourful plastic bricks and a component for Novo Nordisk's insulin injection pens.
Customer data stolen in Marks & Spencer cyberattack
British retailer Marks & Spencer said on Tuesday that some personal data of its customers was stolen in a cyberattack that has crippled its online services for weeks. "We are writing to customers informing them that due to the sophisticated nature of the incident, some of their personal customer data has been taken," the company said in a statement on Tuesday.
German investors cheered by tariff talks, new government
German investor sentiment has jumped, buoyed by rollbacks of US tariffs, and the formation of a new national government, a closely-watched survey showed Tuesday. Almost all German sectors experienced a rise in confidence, the survey showed, but optimism grew fastest in export-intensive industries such as steel and chemicals.
Nissan posts $4.5 billion annual net loss, says to cut 20,000 jobs
Japan's Nissan posted a huge annual net loss of $4.5 billion on Tuesday while confirming reports that it plans to cut 15 percent of its global workforce and warning about the possible impact of US tariffs. The company's shares closed three percent higher on Tuesday after reports, later confirmed by Nissan, said it was planning a total of 20,000 job cuts worldwide.
Honda forecasts 70% net profit drop citing 'tariff impact'
Japan's Honda Motor on Tuesday forecast a 70 percent drop in net profit for the 2025-26 financial year as US trade tariffs weigh on the global auto industry. Honda, Japan's second-biggest automaker after Toyota, logged net profit of 835 billion yen in the past financial year, a drop of almost 25 percent on-year and well short of its February forecast of 950 billion yen.
Japan's SoftBank posts $7.8 bn annual net profit
Japanese tech investor SoftBank Group, a major player in the US Stargate artificial intelligence drive, on Tuesday posted a bumper full-year net profit of $7.8 billion. Tuesday's result marked its first full-year net profit since the 2020-21 financial year.
Tariffs set to level up game console prices
The US tariffs barrage and the bounding cost of producing games have prompted manufacturers like Sony and Microsoft to announce price hikes on consoles, in an industry shift experts say is set to last. Microsoft plans to increase prices of games developed by its studios to as much as $80 -- a $10 hike.
US tariffs hit Central Europe, Balkans growth: Europe bank
Economic growth in Central Europe and the Balkans is expected to be strained this year by US President Donald Trump's tariff policies, Europe's development bank forecast Tuesday. The London-based European Bank for Reconstruction and Development has downgraded its growth forecast for the regions, anticipating tariffs fallout owing to their heavy dependence on Germany's struggling economy.
AFP
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