BUSINESS

Oil prices had already been slumping before OPEC+ members decided to increase output

Oil Prices Slide After OPEC+ Output Hike

Oil prices slumped on Monday after OPEC+ countries announced a sharp production increase despite oversupply concerns and growing fears that US President Donald Trump's trade war could weaken demand.

Trump Vs Toyota? Why US Cars Are A Rare Sight In Japan

A sign for Cadillac cars is displayed on the outside wall of a car dealership which sells US auto brands Cadillac and Chevrolet in Tokyo
With their sleek curves and chrome grilles, the classic American cars on sale at Yosuke Fukuda's yard ooze Californian cool but on Japanese roads new US vehicles are a rare sight -- much to President Donald Trump's annoyance.
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Trump has defended Tesla but the company's sales have fallen

Tesla's EU Sales Plunge As Musk Takes Flak

Tesla electric car sales in Europe plunged in the first three months of the year, industry data showed Thursday, in a fresh blow to its boss Elon Musk who has been criticised for his work in US President Donald Trump's administration.
Klaus Schwab was the driving force behind the World Economic Forum becoming an annual gathering of the world's rich and powerful

Davos Meet Founder Klaus Schwab Steps Down From WEF Board

The World Economic Forum said on Monday that its founder Klaus Schwab has stepped down from the board, turning a page in the history of the organisation that hosts the annual meeting of wealthy, famous and influential global elites at the luxury Swiss ski resort of Davos.
Mark Zuckerberg took direct aim at the US government's argument that he sought to neutralize rivals when his company Facebook, now Meta, bought Instagram and WhatsApp

Zuckerberg Denies Meta Bought Rivals To Conquer Them

Meta chief executive Mark Zuckerberg on Wednesday denied in court that his company bought rival services Instagram and WhatsApp to neutralize them, as his testimony in a landmark antitrust case came to a close.
US Federal Reserve Chair Jerome Powell, seen in early April, said Trump's tariffs could push up prices and slow growth

Trump Tariffs Could Put US Fed In A Bind, Powell Warns

US President Donald Trump's tariffs will likely push up prices and constrain growth, and could put the Federal Reserve in the unenviable position of having to choose between tackling inflation and unemployment, the central bank's chair said Wednesday.
Facebook CEO Mark Zuckerberg attends the inauguration of Donald Trump

Meta Faces Landmark US Antitrust Trial

Social media juggernaut Meta stands trial on Monday facing serious US government allegations that it abused its market power to acquire Instagram and WhatsApp before they could become competitors.

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