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In January, the price of cabbage almost tripled year-on-year after last year's record summer heat

Japan's Core Inflation Rate Hits 19-month High

Japanese inflation accelerated in January, further pressuring households as prices excluding fresh food rose 3.2 percent on-year, government data showed Friday.

Mercedes-Benz Profits Plunge As German Carmakers Reel

Mercedes is among German carmakers battling severe headwinds

Mercedes-Benz said Thursday it planned hefty cost cuts after its 2024 profits plunged by almost a third amid a slump in China and weak electric car sales, as Germany's auto sector reels.

Renault Revs Up Profitability In 2024

The return of the iconic Renault 5 as an electric car is bringing customers into dealerships and having a 'halo effect' on sales of other models, the company says

Renault confirmed on Thursday it defied headwinds in the car industry by boosting revenue and attaining record profitability in 2024 thanks to the success of its new line up of vehicles, although net profit sank as it scaled back its partnership with Nissan.

The current Air Force One jets face rising maintenance costs and use parts that are increasingly obsolete

Trump Considering 'Alternatives' To Boeing For Air Force One Contract

Donald Trump said Wednesday his administration was "looking at alternatives" to Boeing following delays in delivering two new models of the US presidential Air Force One plane.

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Donald Trump warned he will impose 25 percent tariffs on imported cars

Asian Markets Swing As Traders Assess Latest Tariffs Volley

Asian markets were mixed Wednesday after President Donald Trump broadened his tariff threats, while traders were also assessing the geopolitical outlook after the first high-level official US-Russia talks since the invasion of Ukraine.

A truck prepares to enter the United States at a border crossing in Blackpool, Canada, a country which has vowed to hit back if Washington goes ahead with 25 percent tariffs on Canadian imports

US Tariffs Threat A 'Shock' To Canadian Businesses

Donald Trump's threats of import tariffs have sent shockwaves through Canada, forcing businesses to question their dependence on the United States -- a reassessment that is creating headaches for many sectors.

An Al Noor Mosque Surrounded with City Buildings at Night

Sharjah Hosts High-Level Chinese Delegation To Boost Economic Ties

The delegation included prominent investors, CEOs, and leading economic and trade experts. Their visit centered on fostering strategic partnerships and identifying new investment opportunities in Sharjah.

Digital giants like Meta have recently muscled in to the world of subsea cables

Meta Plans Undersea Cable To Link Five Continents

Facebook and Instagram parent company Meta has said it will lay an undersea cable stretching across five continents to carry data, including for developing artificial intelligence.

While India's electric car market is small, it still represents a growth opportunity for Tesla which is battling increased Chinese competition

Tesla Begins Hiring In India After Musk And Modi Meet

Electric vehicle maker Tesla has begun hiring in India, with the company of tycoon Elon Musk issuing advertisements days after US President Donald Trump's right-hand man met with India's premier.

Alibaba led a rally in tech firms in Hong Kong

Asian Markets Mixed As Traders Pare Hong Kong Tech Rally

Asian markets were mixed Tuesday with Hong Kong resuming its tech-led rally after a meeting between President Xi Jinping and China's top business leaders fanned hopes that a long-running crackdown on the private sector is coming to an end.

Argentine prosecutors will probe President Javier Milei after he promoted a cryptocurrency that crashed, losing investors billions of dollars

Argentina's Milei Denies Role In 'Cryptogate' As Prosecutors Launch Probe

Argentine President Javier Milei on Monday denied promoting a cryptocurrency that crashed, losing investors billions of dollars and prompting a flood of complaints, as prosecutors reportedly prepare an investigation into the scandal.

German heavyweight Zalando is among the retailers to introduce an AI sizing tool on their websites

Online Shopping Giants Bet On AI To Curb Clothes Returns

From sizing advice via selfies to robot stock-takers, online shopping behemoths have increasingly turned to artificial intelligence in a bid to stem the flow of bad-for-business clothes returns.

This time last year, Germany overtook Japan as the world's third-biggest economy

Japan 2024 Growth Slows Despite Stronger Fourth Quarter

Japan's economic growth slowed sharply last year, official data showed Monday, although the rate for the fourth quarter topped expectations.

Alibaba's share price has soared on news co-founder Jack Ma will meet Chinese President Xi Jinping

Alibaba Shares Soar On Reports Of Potential Xi Meeting With Jack Ma

Alibaba shares soared by more than six percent on Friday following reports that Chinese President Xi Jinping was poised to meet with the tech juggernaut's co-founder Jack Ma.

'Assassin's Creed Shadows' has been pushed back to March from November

Ubisoft Revenue Drops After Game Flops, 'Assassin's Creed' Delays

A run of new-release flops and the delay of the latest "Assassin's Creed" instalment sent revenue at French games giant Ubisoft plunging in its third quarter, the company reported Thursday as it continues to weigh its future.

Honda and Nissan have scrapped their merger talks

Japan's Honda And Nissan Scrap Merger Talks

Japanese auto giants Honda and Nissan confirmed on Thursday they had scrapped merger talks that would have created the world's third-largest automaker by unit sales.

Blue Origin, whose rockets include New Shepard, seen in March 2022, has been attempting to land large government contracts

Bezos's Blue Origin Rocket Firm To Cut 10% Of Workforce

Jeff Bezos's rocket company Blue Origin is laying off around 10 percent of its workforce following a period of rapid expansion, the firm's chief executive told staff on Thursday.

Nestle CEO Laurent Freixe expects the food group to move 'in the right direction'

Nestle Sales Beat Forecast After Price Hikes

Swiss food giant Nestle reported better-than-expected annual sales on Thursday, boosting its shares after the maker of Nescafe coffee, KitKat chocolate and Purina dog food hiked prices to offset inflation.

Sony has boosted its annual net profit forecast thanks to booming sales in its gaming business

Sony Hikes Profit Forecast On Strong Gaming Business

Japanese entertainment and electronics giant Sony upgraded its annual net profit forecast to $7.0 billion on Thursday thanks to its strong gaming business.

A worker holds a hen at Wabash Feed & Garden in Houston, Texas, which is doing brisk business as bird flu causes an egg shortage

Facing Egg Shortage, Americans Bring Chickens Home To Roost

A Houston poultry supply company is selling chickens like there is no tomorrow, as sky-high prices for eggs prompt some Americans to produce their own at home.

Chevron plans to cut 15 to 20 percent of its workforce in a cost-cutting drive

Chevron To Cut 15-20% Of Workforce By End Of 2026: Company

Chevron will cut 15 to 20 percent of its workforce as part of a reorganization to save money and to position the oil giant for the long-term, the company said Wednesday.

Heineken Shares Pop On Bubbly Beer Sales

Shares in Dutch brewer Heineken fizzed at the market open on Wednesday, as traders cheered better-than-expected beer sales despite a slight dip in overall turnover.

New York Fed President John Williams, seen in April 2024, said the Fed's inflation fight will take time to win

US Inflation Fight To Take Time In 'Highly Uncertain' Environment: Fed Official

The US Federal Reserve is in a strong position to weather the "highly uncertain" economic outlook, but its inflation fight will take time to win, a senior US central bank official said Tuesday.

Ford CEO Jim Farley, pictured in May 2023, said many of his company's US suppliers have international sources that are directly affected by tariffs

Ford CEO Says Trump Policy Uncertainty Creating Chaos

The Trump administration's tariff threats and animosity towards electric vehicles are producing a "lot of cost and a lot of chaos" for Ford, the automaker's chief executive said Tuesday.

BP has embarked on a plan to find $2 billion in cost savings and last month axed 4,700 staff jobs, or five percent of its workforce

BP Pledges Strategic 'Reset' As Profit Tumbles

Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to "fundamentally reset" its strategy.

Despite a drop in earnings, shares in Gucci's parent company jumped as the results were not as bad as feared

Gucci Owner Kering's Annual Profit Plunges

Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative director in a bid to revive the struggling fashion house.

OpenAI CEO Sam Altman seemed to dismiss an Elon Musk led effort to buy control of the startup in a social media post countering with a facetious offer to buy X, formerly Twitter, for a fraction of what Musk paid for it

Elon Musk Heads Group Trying To Buy Control Of OpenAI: Report

Elon Musk is leading an investment group offering $97.4 billion for the nonprofit that controls OpenAI, marking a new front in his war with the ChatGPT-maker, the Wall Street Journal reported Monday.

Donald Trump warned he will impose 25 percent tariffs on imports of steel and aluminium

Most Asian Markets Drop As Traders Weigh Trump's Latest Tariff Salvo

Equities were mostly down in Asia on Monday after Donald Trump ramped up his trade war by announcing huge tariffs on steel and aluminium imports and warned every country would face "reciprocal" levies.

Nokia chief executive Pekka Lundmark (L) stands next to chairwoman Sari Baldauf (C) and his successor Justin Hotard (R), the head of AI at Intel

Nokia CEO Lundmark To Be Replaced By Intel AI Chief Hotard

Finnish telecommunications equipment giant Nokia announced on Monday that chief executive Pekka Lundmark would step down and be replaced by Justin Hotard, the head of AI and data centres at US chip-maker Intel.

Germany is a major exporter of goods ranging from cars to medical technology

Germany Logs Record US Surplus Amid Trump Tariff Fears

Germany logged a record trade surplus with the United States last year, data showed Friday, news that could stoke tensions with US President Donald Trump as he threatens the EU with tariffs.

Much of India's vast agricultural economy remains deeply traditional, beset by problems made worse by extreme weather driven by climate change

AI Starts To Help India's Struggling Farms

Each morning Indian farmer R Murali opens an app on his phone to check if his pomegranate trees need watering, fertiliser or are at risk from pests.

Crypto investors are in for a bumpy ride under Donald Trump, despite the US president's vow to make the US the 'crypto capital of the planet'

'Lottery Ticket': Crypto Investors Brace For Bumpy Ride Under Trump

Nick was enjoying his Saturday off work in Pennsylvania when he received an unexpected and alarming message: cryptocurrencies, buoyed since Donald Trump's November 5 election win, were in freefall.

For the full year 2024, Amazon's net income jumped to $59.2 billion from $30.4 billion in 2023

Big Tech's AI Spending Rattles Markets

E-commerce giant Amazon reported strong earnings Thursday but, like its big tech peers Microsoft and Google, saw its stock price fall on concerns over high AI investment costs.

Amazon Profits Double, But Cautious Outlook Disappoints

E-commerce giant Amazon reported Thursday its fourth-quarter net income nearly doubled to $20 billion, driven by strong holiday sales, but its outlook for the coming quarter came in less than hoped for by analysts.

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