Business
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11:22
business
Carmakers consider China shift to avoid shutdowns amid magnet crunch
A tightening chokehold by China on rare-earth magnet exports is forcing global automakers to consider unprecedented steps - including shifting parts of production to Chinese factories - to avoid shutting down electric vehicle assembly lines within weeks.
16:15
Sanofi to acquire Blueprint Medicines for $9.1 billion in rare disease expansion
French pharmaceutical giant Sanofi announced Monday that it will acquire U.S.-based Blueprint Medicines for $9.1 billion to strengthen its portfolio in rare immunological diseases.
21:30
Crypto Market
US banks eye crypto expansion as regulations ease
Top U.S. banks are quietly preparing to enter the crypto market through cautious pilot programs and partnerships, as regulators offer clearer signals. While enthusiasm grows, most lenders remain hesitant, seeking more clarity on rules before committing heavily.
08:43
Business News
Tesla’s Europe sales plunge 49% in April 2025
Tesla's sales in Europe plunged 49% in April, even as electric car demand surged, signaling growing trouble for the U.S. EV giant in a competitive and shifting market.
14:06
Australia's Bendigo and Adelaide Bank eases investor concerns with latest financial update
The bank's latest trading update has helped reassure analysts at Morgan Stanley, despite a disappointing first-half result in February.
22:30
Prices
Adidas and Puma may follow Nike in U.S. price hikes
Adidas and Puma are expected to raise prices in the U.S. after Nike increased footwear costs, as rising import tariffs push up expenses across the sportswear industry.
20:00
Shein says prices in France may rise due to EU fee
Shein says French consumers may face higher prices if the EU imposes handling fees and France enacts new penalties on fast fashion. The platform criticizes the lack of dialogue with authorities as pressure mounts on budget e-commerce models.
18:30
BYD
BYD launches budget-friendly Dolphin Surf EV in Europe
Chinese EV maker BYD has unveiled its budget-friendly Dolphin Surf in Berlin, intensifying competition in Europe's electric car market with prices starting at just €19,990.
17:30
E-commerce
EU plans €2 fee on low-value e-commerce parcels
The European Union aims to introduce a €2 handling fee on low-value online shopping packages entering the bloc, targeting billions of cheap goods from platforms like Shein and Temu. The move seeks to cover the high costs of customs compliance and safety checks.
11:28
Business News
M&S warns of £300m hit after cyberattack, disruption to last months
Marks and Spencer (M&S) has revealed it could lose up to £300 million in trading profits following last month’s ransomware attack, with operational disruptions expected to continue for months.
07:20
Google launches new AI mode to transform search
Google announced a new “AI Mode” for its search engine in the United States, aiming to make searching feel more like talking to an expert who can answer almost any question.
20:00
Business News
Kazakhstan powers up SMEs to win European investors
Kazakhstan is boosting support for small and medium-sized enterprises (SMEs) to attract European investment and accelerate economic growth.
13:30
US Tariffs
Asia-Pacific trade talks intensify as deadline nears on US tariff pause
The Asia-Pacific Economic Cooperation (APEC) trade ministers’ meeting in South Korea took on new urgency as countries sought dialogue with the United States before a 90-day suspension on tariffs ends in July.
12:20
Business news
Walmart warns of upcoming price hikes as tariff pressures mount
Walmart has warned that U.S. shoppers could soon see higher prices as the retailer manages the impact of new import tariffs introduced earlier this year.
17:20
Business News
Adidas reelects chairman Thomas Rabe despite dissent
Adidas shareholders have reelected Chairman Thomas Rabe for another term, despite concerns from key investors over his multiple commitments and calls for leadership change.
16:00
Business News
Sony sees 18% profit increase with strong music and gaming sales
Sony reports an 18% rise in profit for the fiscal year ending March 31, driven by strong demand in music and gaming sectors, despite a slowdown in its financial segment.
14:00
Business News
Microsoft cuts 6,000 jobs as AI investments take center stage
Microsoft has announced 6,000 job cuts, representing nearly 3% of its workforce, as part of a strategy to streamline operations and prioritize investments in artificial intelligence.
23:38
Warren Buffett to step down as Berkshire Hathaway CEO
After nearly six decades at the helm, Warren Buffett says he will step down as CEO of Berkshire Hathaway, naming Greg Abel as his successor.
11:44
EU and Ukraine to launch a new business partnership
A new business partnership between the European Union and Ukraine has been launched in Brussels where the EU-Ukraine Business Summit took place from April 10 to 11.
11:59
Court challenge
Wikipedia appeals Indian court order to remove defamatory content on ANI page
Wikimedia Foundation has appealed an Indian court ruling that ordered the removal of allegedly defamatory content about ANI. This follows ANI's lawsuit over a Wikipedia description labelling it a "government propaganda tool", highlighting tensions in content regulation.
11:46
Market meltdown
Market meltdown: Tariff fears and recession risk sink stocks
Global stock markets plummeted on Monday as tariff fears triggered panic among investors. With uncertainty over U.S. trade policies, futures markets priced in multiple interest rate cuts, heightening recession concerns. Major global indices saw sharp losses, while safe-haven assets surged.
10:21
Tesco response
Tesco’s next move: Battling Asda’s price cuts in grocery war
Tesco is set to respond to Asda’s price-cutting strategy as it reports full-year results. While Asda aims to reclaim market share with lower prices, analysts question its sustainability. Tesco, with a strong balance sheet, expects steady growth despite rising costs.
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