Browsing: business news

The UK government is contemplating scrapping its £180 million trade system designed for post-Brexit customs checks. The potential move raises questions about efficiency and trade relations, as businesses face ongoing delays and complexities in the new regime.

Japan’s crude steel production declined for the 12th consecutive month in February, reflecting ongoing challenges in the global market. The downturn underscores concerns about demand in key sectors and highlights the nation’s struggle to stabilize its steel industry.

German manufacturers are ramping up production in anticipation of new tariffs from the Trump administration. This proactive measure is viewed as a “pleasant surprise” in the industry, reflecting resilience amid global trade tensions.

Italy has halted negotiations with SpaceX over a potential Starlink purchase, citing concerns linked to recent controversies involving Elon Musk. This move reflects increasing scrutiny of partnerships with tech firms amidst ongoing geopolitical tensions.

Germany’s Siemens announced plans to cut over 6,000 jobs worldwide, with approximately half of the reductions taking place in its home market. This organizational shift aims to enhance efficiency and respond to evolving market demands amid economic challenges.

Germany’s auto giant Audi has announced plans to cut 7,500 jobs from its workforce amid ongoing industry challenges. This decision highlights the company’s strategy to adapt to changing market dynamics and a shift towards electric vehicles.

Vale’s CEO announced improved relations with the Brazilian government following a tumultuous period last year marked by tensions over regulatory issues. This shift signals a potential stabilization for the mining giant as it navigates operational challenges.

CNBC’s “Inside India” newsletter highlights the entry of Elon Musk’s Starlink into the Indian market, emphasizing the pivotal roles of two billionaires in determining the satellite internet service’s success amid regulatory challenges and competition.

In a recent statement, former President Donald Trump acknowledged a “very good relationship” with India but expressed concerns over trade practices. His comments on tariffs highlight ongoing tensions as both nations navigate complex economic dynamics.

In a recent address, former President Donald Trump highlighted April 2 as “Liberation Day,” signaling the launch of a new round of tariffs. This announcement comes amidst ongoing trade tensions and aims to reshape economic strategies. Live updates will follow.

Ben & Jerry’s has claimed that its CEO was ousted due to the company’s political statements. The ice cream maker, known for its progressive views, alleges that the decision reflects ongoing tensions between corporate governance and social activism.

Telegram founder Pavel Durov has reportedly been granted temporary permission to leave France, according to sources. The move comes amid ongoing scrutiny and legal challenges faced by the messaging platform in various jurisdictions.

Virgin Atlantic has partnered with Joby Aviation to introduce flying taxis in the UK, promising to revolutionize urban travel. These all-electric aircraft aim to significantly reduce congestion and offer sustainable transport solutions in major cities.

In a recent statement, Telegram CEO Pavel Durov confirmed his departure from France as he faces a criminal investigation. The probe centers on allegations of privacy violations and misinformation on the platform, raising concerns about regulatory scrutiny.

Air India CEO has announced that the airline is facing an aircraft shortage that is expected to persist for a minimum of four years. This setback could impact the carrier’s expansion plans and operational capabilities in a competitive market.

Denmark’s Normal has officially opened its first stores in Italy, marking a significant expansion into the European market. Known for its budget-friendly health and beauty products, the chain aims to capture Italian consumers with its diverse offerings.

Tesla stock faced further declines following recent developments in China, raising investor concerns. Reports suggest increased regulatory scrutiny and competitive pressures in the electric vehicle market, prompting analysts to reassess the company’s growth outlook.

Air France-KLM’s CEO announced plans to increase the airline group’s stake in Scandinavian Airlines (SAS), signaling a strategic move to strengthen its foothold in the Nordic market. This initiative underscores Air France-KLM’s commitment to regional growth and consolidation.

Brazil is set to implement a new tax on overseas profits and high incomes as part of a strategy to balance a larger tax exemption. This move aims to enhance fiscal stability while addressing income inequality, according to sources close to the government.

Telegram founder Pavel Durov has been granted permission to exit France despite facing legal charges. The decision allows him to continue his global expansion efforts, while the legal proceedings surrounding him remain unresolved.