Telegram has reported a remarkable $540 million profit last year, marking its first annual profit after years of losses. The Dubai-based messaging app’s revenues surged to $1.4 billion in 2024, up from $343 million the previous year, based on a company presentation reviewed by the Financial Times.
The EU plans to charge a new €2 fee on billions of small packages, mostly from China, challenging online retailers like Temu and Shein.
European and global markets opened cautiously on Tuesday as investors digest a mix of geopolitical developments and await clarity on stalled trade negotiations ahead of the July deadline for the reactivation of U.S. tariffs.
Asian markets began the week on a cautious note Monday as softer-than-expected Chinese retail sales data and growing uncertainty over U.S. economic and trade policy pressured sentiment across global equities and currency markets.
Japan is preparing for a new round of trade discussions with the U.S. as both sides try to resolve differences before higher tariffs on Japanese automobile exports take effect in July.
Asian stock markets soared on Tuesday after the United States and China agreed to a 90-day halt in their trade war, easing recession fears and fuelling a region-wide buying spree.
Ukraine is exploring whether to replace the U.S. dollar with the euro as its reference currency, as Kyiv aligns more closely with the EU and global trade fractures deepen.
China’s Dongfeng Audi Motors will invest $50 million to establish a vehicle manufacturing facility in Afghanistan, a move expected to create hundreds of local jobs and boost industrial growth.
Japanese retailers Aeon and Sumitomo are set to significantly expand their operations in Vietnam, with plans to increase their presence and tap into the country's growing consumer market.
Skype, the well-known messaging and internet calling platform owned by Microsoft, is set to shut down in May 2025, concluding more than 22 years of operation.
Brussels has fined Apple and Meta over €700 million combined, launching its first crackdown under the Digital Markets Act aimed at curbing big tech’s power and boosting competition in the digital economy.
Nissan plans to invest an extra $1.4 billion in China by 2026 as it launches 10 new energy vehicles, aiming to recover from declining sales and catch up with faster-moving local competitors.
The global economy, already fragile, now faces a new shock—this time from the United States. President Donald Trump’s latest tariff wave has dragged average U.S. duties to levels unseen in over a century. The trade war with China is escalating fast.
Toyota has signed a $2 billion deal to build a wholly-owned electric vehicle plant in Shanghai, as the Japanese automaker strengthens its position in China’s growing EV market during heightened US-China trade tensions.
Industrial production in the eurozone rose by 1.1% month-on-month in February, outperforming expectations, according to data released by Eurostat on Tuesday. Analysts had forecasted a modest 0.1% increase.
Asian markets edged higher on Tuesday, lifted by gains in auto stocks after US President Donald Trump suggested he might ease tariffs on vehicles.
Wall Street’s main indexes surged on Monday, driven by gains in technology stocks, after the White House announced exemptions for smartphones and computers from new tariffs on Chinese imports. However, additional levies on semiconductors are still expected later this week.
Stock markets in Asia saw a boost on Monday, driven by optimism over tariff exemptions granted to electronics. This relief sparked gains in tech stocks, while investors in South Korea and Taiwan turned their focus to trade issues and semiconductor developments.
Pavel Prass, co-owner of Yandex, is set to increase his stake in rival VK, signaling consolidation in Russia’s tech sector. The move follows a $5.4 billion deal for Yandex's assets and VK's plan to raise up to 115 billion roubles to tackle mounting debt.
Google has laid off hundreds from its Android, Pixel, and Chrome teams as part of a major restructure, shifting focus towards AI and operational efficiency. The move reflects a broader Big Tech trend of prioritizing innovation over hardware.
Apple has airlifted 1.5 million iPhones from India to the U.S. to avoid Trump’s steep China tariffs, using chartered flights and fast-tracked customs clearance in Chennai as it boosts Indian production and shifts its global supply chain.
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