Browsing: Business

Shares in Adidas fell by 6% on Wednesday after the German sportswear company warned that new U.S. tariffs will significantly raise its costs and potentially lead to price increases for consumers in the American market. The company reported that tariffs had already caused a double-digit million euro

A newly released global trade simulation forecasts a dramatic contraction in Chinese exports to the United States, projecting a decline of $485 billion by 2027. The data, derived from the Observatory of Economic Complexity’s tariff simulator, is based on current and proposed tariff

Shares of leading liquefied natural gas companies surged on Monday following the European Union’s announcement of a $750 billion agreement to import U.S. energy products. The deal, described by European Commission President Ursula von der Leyen as a strategic move to reduce reliance on Russian

U.S. President Donald Trump announced on Sunday a new trade agreement with the European Union, following high-level negotiations with European Commission President Ursula von der Leyen in Turnberry, Scotland. The deal introduces a 15 percent tariff on most goods imported from EU countries, down from the

The United Kingdom and India have signed a landmark Free Trade Agreement (FTA) valued at nearly £6 billion, marking the most economically significant UK trade pact since Brexit. Prime Minister Sir Keir Starmer and Indian Prime Minister Narendra  Modi formalised the deal at Chequers, the UK Prime

Alphabet Inc., the parent company of Google, posted stronger-than-expected second-quarter earnings, supported by robust performance in advertising and accelerated growth in its cloud business. The company reported adjusted earnings per share of $2.31 on revenue excluding traffic acquisition costs of $81.7

Bitcoin fell slightly on Wednesday, slipping to $118,466 as investor sentiment remained subdued and the cryptocurrency  continued to trade within a narrow range. The decline follows a recent surge to a record high of over $123,000 earlier this month, with price action

United States President Donald Trump announced on Tuesday a new trade framework with Japan that places a 15 percent tax on goods imported from that country. The announcement was made on the Truth Social platform. President Trump described the agreement as

Amazon has issued a warning to its 220 million global Prime customers, cautioning them about a surge in impersonation scams targeting their login credentials and personal information. The company reported a significant increase in fraudulent emails falsely claiming to relate to

Meta Platforms has confirmed it will not sign the European Union’s new AI code of practice, calling the guidelines an unnecessary overreach that will stifle innovation and hinder growth for AI developers. In a public statement posted on LinkedIn, Meta’s Chief Global Affairs Officer,