Browsing: business news
Loma Negra (NYSE: LOMA) faces significant challenges in Argentina’s struggling cement market, marked by overcapacity and economic volatility. As demand dwindles, analysts predict further strain on profitability, raising concerns for investors and stakeholders.
Tilman Fertitta, the billionaire businessman and owner of the Houston Rockets, may face a significant pivot if confirmed as the U.S. ambassador to Italy. Speculation surrounds whether he will step back from his extensive business empire to focus on diplomatic duties.
Deutsche Bank is set to assist Italy’s defense giant Leonardo in ongoing negotiations with Airbus and Thales. The anticipated talks, which could reshape partnerships in the aerospace sector, highlight Leonardo’s ambitions for growth in a competitive market.
Italy is reconsidering its agreement to utilize Elon Musk’s Starlink satellite internet service. Concerns over data security, regulatory compliance, and the impact on national infrastructure have led to increased scrutiny of the initiative.
In a striking shift, former President Trump has threatened new tariffs on Canadian lumber and dairy just one day after lifting duties on imports from Canada and Mexico. This move raises questions about trade relations and economic policy in North America.
China has officially retaliated against the tariffs imposed by Donald Trump, escalating the trade war between the two economic giants. The move signals a long-term response to protect its markets and interests, as both nations gear up for prolonged negotiations.
Japan’s Seven & i Holdings has announced a major restructuring plan and the appointment of a new CEO as it aims to counter a $47 billion takeover bid. The move reflects the company’s strategy to enhance competitiveness in a challenging retail landscape.
In a recent statement, Canadian leadership candidates sparked controversy by suggesting a potential 100% tariff on Tesla vehicles. This claim has raised eyebrows as experts urge a fact-check, emphasizing the economic implications and diplomatic considerations involved.
Former President Donald Trump has suggested potential tariffs on Canadian dairy and lumber products, warning that they may be imposed soon. This announcement signals a renewed focus on trade tensions between the U.S. and Canada.
In response to a $47 billion takeover bid, 7-Eleven’s Japanese parent company, Seven & I Holdings, has appointed an American CEO. This strategic move aims to strengthen the company’s position and navigate the complexities of a potential acquisition.
Lloyds Banking Group has decided to relocate skilled IT roles from the UK to India, according to a report by the Financial Times. This move aims to enhance efficiency and reduce costs, reflecting a broader trend in the banking sector towards offshoring.
In a recent statement, Donald Trump announced a temporary halt on imposing new tariffs, underscoring their strategic importance in trade negotiations. While he recognizes their potential economic impact, he emphasizes that tariffs remain a critical tool for policy leverage.
JetBlue, in collaboration with the Port Authority and Fraport USA, has announced plans to renovate Terminal 5 at John F. Kennedy International Airport. The initiative aims to enhance the customer experience through improved facilities and services.
CNBC’s “Inside India” newsletter analyzes optimism surrounding Indian consumption stocks, anticipating a boost from potential tax cuts. Investors are closely monitoring government policies that could influence market dynamics and consumer spending trends.
Lindt has announced plans to supply chocolate to Canada from Europe, aiming to avoid tariffs that increased costs for importing goods. This strategic move underscores the company’s efforts to maintain competitive pricing amid international trade challenges.
In a significant shift, key industry leaders express willingness to accept tariff reductions in negotiations with the US. This move is seen as a bid to enhance trade relations and stimulate economic growth, amid ongoing discussions to resolve trade tensions.
Tesla’s sales in Germany plummeted 76% amid Elon Musk’s controversial political campaigning efforts. The sharp decline raises questions about the impact of Musk’s distractions on the automaker’s performance in key European markets.
Trump’s tariffs have ignited a wave of anger and retaliation among trading partners, fueling market unease. As nations respond with their own tariffs, analysts warn of potential disruptions in global trade and the economic ramifications that could follow.
Spain has reopened the investigation into the death of Mango tycoon Isak Andic, sparking renewed interest in the circumstances surrounding his passing. Authorities aim to clarify unresolved questions that have lingered since his unexpected demise.
Amidst economic uncertainties, Germany’s Finance Minister Christian Merz has initiated a fiscal awakening aimed at revitalizing the nation’s economy. His strategic policies may steer Germany back on track, fostering growth and stability in the Eurozone.