Chinese-owned Volvo Cars to cut 3,000 jobs
The rest of the job losses would be in other global markets, said the firm. Most of the jobs being cut are office positions.
GLOBAL ECONOMIES
Brazil sues China carmaker BYD over ‘slave-like’ conditions
“Our lawsuit is very well-founded, with a substantial amount of evidence provided during the investigation process,” he said.
IMF raises UK growth forecast as it warns on tax and spending.
The Fund held its forecast that the UK economy would grow by 1.4 percent in 2026.
Trump threatens 25% tariff on Apple, other tech giants if they don’t start making devices in America
“Our discussions with them are going nowhere!” Trump posted on Truth Social.
Trump agrees to extend EU trade talks after 50% tariff threat
“We had a very nice call, and I agreed to move it,” Trump said
Nike to hike prices as it faces tariffs uncertainty.
Tariffs are almost always paid by the company that is importing the goods into a country rather than the business which makes the product.
Target sales hit as Trump tariffs take effect.
The gloomy forecast set Target apart from some of its competitors that have in recent days maintained their outlooks, even while warning of the risks and uncertainty generated by President Trump’s tariffs.
Tesla supplier CATL jumps further after stellar Hong Kong debut.
The company raised almost HK$35.7bn ($4.55bn: £3.4bn) from the listing, with its shares climbing by as much as 18%.
US loses last perfect credit rating amid rising debt.
“Today is a reminder of the fragility of the dollar,” he said.
Trump says he doesn’t want Apple building products in India: ‘I had a little problem with Tim Cook’.
President Donald Trump isn’t pleased with Apple CEO Tim Cook’s plan to manufacture iPhones bound for the United States at newly built plants in India.