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Honda’s quarterly profits are halved as Trump’s tariffs bite
The Japanese carmaker Honda has reported a 50% drop in quarterly profits as it counted the cost of Donald Trump’s tariffs and electric vehicle policies,…
Insights
Trump and von der Leyen announce US-EU trade deal
Donald Trump has announced a deal with the EU to end four months of difficult negotiations between Washington and Brussels and avert a damaging transatlantic…
Barclays fined £42m over poor handling of financial crime risk
Barclays has been fined £42m over “poor handling” of financial crime risks linked to two clients, including a gold bullion business run by James Stunt,…
Trump delays tariff hikes again but announces new rates for some countries
Donald Trump revealed plans to step up his trade wars on Monday but delayed tariff hikes on goods from key economies until next month, amid…
US strikes on Iran could damage global growth, says IMF chief
US strikes on Iran could damage global economic growth, the head of the International Monetary Fund has warned. Director Kristalina Georgieva said that the IMF…
Dollar slides to three-year low while FTSE 100 hits record high
The dollar sank to its lowest level in more than three years on Thursday and the FTSE 100 closed at a record high as Donald…
Israel announces defense export record: $15 billion in 2024
Israel’s defense export reached $14.79 billion in 2024, setting a new record at a 13% increase over the previous year, Israel’s Ministry of Defense announced…
Switzerland to expand EU defense ties with new cyber-defense role
THE HAGUE, Netherlands — Switzerland has received the European Union’s approval to join a multinational military cybersecurity project, the EU’s Council announced this week. The…
UK economy defies gloomy warnings to grow 0.7% in first quarter of year
The UK economy grew at the fastest pace in a year between January and March, defying warnings of a collapse in activity, as businesses scrambled…
Wall Street and European markets finish week on a high after US jobs report
Markets on both sides of the Atlantic rose on Friday after hiring in the US slowed less than expected in April, offering a glimmer of…