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Software giant SAP’s shares surge 10% after first-quarter profit beat
SAP announced Wednesday that its first-quarter operating profit had risen by 58% year-on-year to hit 2.5 billion euros ($2.9 billion).
Published on: April 23, 2025 | Source:
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The hit music accused of glorifying violence in Mexico
‘Narcocorridos’ that romanticise cartel figures face a ban in some parts of the country
Published on: April 23, 2025 | Source:Cantor strikes $3.6bn crypto venture deal with SoftBank and Tether
Vehicle backed by son of US commerce secretary comes as investors hope for more favourable policy on digital currency
Published on: April 23, 2025 | Source:Boeing CEO says China has stopped taking its aircraft amid trade war
CEO Kelly Ortberg said that a few 737 Max planes that were in China set to be delivered to carriers there have been flown back to the U.S.
Published on: April 23, 2025 | Source:Why American tech stocks are newly vulnerable
Recent market turbulence has exposed uncomfortable weaknesses
Published on: April 23, 2025 | Source:Investor support for Goldman bosses’ pay sinks to 9-year low
Investment bank awarded $80mn retention bonuses to David Solomon and John Waldron in January
Published on: April 23, 2025 | Source:EU fines Apple and Meta total of €700mn for antitrust violations
Relatively modest penalties issued as officials try to avoid escalating tensions with White House
Published on: April 23, 2025 | Source:Bessent accuses IMF and World Bank of ‘mission creep’
US Treasury secretary calls for reform but stops short of saying country could pull out of the global institutions
Published on: April 23, 2025 | Source:Trump says he has 'no intention' of firing Fed Chair Powell
Powell, whom Trump appointed Fed chair during his first term as president, has flatly stated that the president cannot remove him under the law.
Published on: April 23, 2025 | Source:EU hits Apple and Meta with nearly $800 million in fines amid U.S. trade tensions
The European Union on Wednesday fined Apple and Meta hundreds of millions of euros each for breaching the bloc's digital competition laws.
Published on: April 23, 2025 | Source:European Central Bank’s Lagarde weighs in on Trump's criticism of Fed's Powell
The ECB last week cut interest rates by a further 25 basis points and warned of a "deteriorated" growth outlook linked to tariff tensions.
Published on: April 23, 2025 | Source:Tesla's Optimus humanoid robots hit by China's rare earth restrictions, says Musk
China had earlier imposed new export controls on seven rare earth elements and magnets used in everything from defense to energy to automotive technologies.
Published on: April 23, 2025 | Source:CNBC Daily Open: Trump, Bessent and Musk give markets the reassurance they need
Markets are open-minded, and often react almost instantaneously to any positive changes.
Published on: April 23, 2025 | Source:CNBC's The China Connection newsletter: U.S. regulatory scrutiny fans Chinese stock delisting fears
A comment from U.S. Treasury Secretary Scott Bessent has reignited fears on Wall Street about a forced delisting of Chinese stocks from U.S. exchanges.
Published on: April 23, 2025 | Source:Auto groups lobby Trump administration against parts tariffs in rare unified message
The group – representing franchised dealers, suppliers and nearly all major automakers – say the upcoming levies could jeopardize U.S. automotive production.
Published on: April 23, 2025 | Source:IMF cuts 2025 growth forecast for major Asian economies, warns of global slowdown on trade worries
On a global basis, growth was lowered from 3.3% to 2.8% for the whole of 2025, with the IMF saying that tariffs were "a major negative shock to growth."
Published on: April 23, 2025 | Source:Tesla is ‘carefully’ working on its India entry amid tariff concerns, says CFO
Tesla is cautiously navigating an entry into India, CFO Vaibhav Taneja said in an earnings call, as the EV maker faces falling sales and tariff threats.
Published on: April 23, 2025 | Source:Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates
Tesla's first-quarter earnings report lands as investors reckon with a steep slide in the company's stock price.
Published on: April 23, 2025 | Source:Scott Bessent admits US-China trade deal will be ‘a slog’
Treasury secretary tempers optimism over negotiations with Beijing in closed-door meeting
Published on: April 22, 2025 | Source:Here's what Elon Musk said about tariffs and their potential effect on Tesla
Tesla CEO Elon Musk addressed the tariff issue on his company's earnings call on Tuesday, making it clear that President Trump is calling the shots.
Published on: April 22, 2025 | Source:Musk to prioritise Tesla over White House role as profits slump
Electric-car maker’s sales knocked by political ‘blowback’
Published on: April 22, 2025 | Source:Cantor nears $3bn crypto venture with SoftBank and Tether
Investment vehicle backed by son of commerce secretary comes as US adopts more favourable policy on digital currency
Published on: April 22, 2025 | Source:Starmer plays up patriotic credentials as local elections in England loom
UK prime minister prepares for tight battle with Nigel Farage’s Reform party for council seats
Published on: April 22, 2025 | Source:Households in England with big gardens should pay more for water, industry says
Trade body to recommend compulsory water meters in forthcoming government review
Published on: April 22, 2025 | Source:Hegseth Delivers What Trump Wants But With Unwanted Controversy
Defense Secretary Pete Hegseth has done most everything so far that President Donald Trump hoped he would — purging the military of its purported “woke” ideology, expanding its role in immigration enforcement and vowing an “America First” approach toward allies.
Published on: April 22, 2025 | Source:Trump says he has ‘no intention’ of firing Jay Powell
US president’s comments come after he has heaped pressure on the Fed chair
Published on: April 22, 2025 | Source:Newsom Wants to Work with Refiners to Keep a Lid on California Gas Prices
Governor Gavin Newsom is urging California’s energy commission to work with the oil industry on maintaining fuel supply and refining in the state, less than a week after Valero Energy Corp. said it is planning to close its San Francisco Bay area refinery.
Published on: April 22, 2025 | Source:In China’s Backyard, Steel Buyer Vietnam Is Trying to Stem a Tide of Cheap Metal
A trade war between the world’s two largest economies has caughtthis Southeast Asian nation in the crossfire.
Published on: April 22, 2025 | Source:Tesla Rallies as Musk Says He’ll Limit Time With Government
Tesla Inc. Chief Executive Officer Elon Musk said he’ll start to pull back “significantly” his work with the US government starting in May. The company’s shares rallied in late trading.
Published on: April 22, 2025 | Source:FirstFT: Vladimir Putin offers to end Ukraine invasion at current front line
Also in today’s newsletter, more than 20 tourists feared killed in Kashmir attack, and JD Vance hails ‘very good progress’ on US-India trade deal
Published on: April 22, 2025 | Source:Carney’s Liberals Hold Narrow Lead With Six Days Left Before Canada Election
Mark Carney’s Liberal Party is holding on to a narrow lead in opinion surveys with less than a week to go before Canada’s election, as US tariff threats remain a top issue in the campaign.
Published on: April 22, 2025 | Source:UK Jewish body launches probe into letter criticising Israeli offensive in Gaza
Board of Deputies of British Jews suspends vice-chair and investigates signatories to criticism of Netanyahu policy
Published on: April 22, 2025 | Source:Trump Says He Has No Intention of Firing Fed Chief Powell
President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell despite his frustration with the central bank not moving more quickly to slash interest rates.
Published on: April 22, 2025 | Source:Sam Altman steps down as Oklo board chair, freeing nuclear startup to work with more AI companies
Oklo says its microreactors, called Aurora, have smaller and simpler designs that will range from 15 megawatts to as much as 100 megawatts or more.
Published on: April 22, 2025 | Source:Tidjane Thiam suffers major blow to presidential ambitions in Ivory Coast
Court in Abidjan rules former Credit Suisse CEO should be struck off electoral register, his lawyer says
Published on: April 22, 2025 | Source: