Business

Liverpool Lands Chery European Headquarters in Significant Market Move

Liverpool will serve as the European headquarters for Chinese carmaker Chery's research and development operations, with the state-owned manufacturer consolidating European commercial vehicle activities on Merseyside. The facility will integrate research, engineering, and commercial functions. Chery has successfully entered the UK market through its Omoda and Jaecoo brands and is now introducing its primary Chery brand with an advertising campaign starring Peter Crouch, the former...

EasyJet Opposes EU Free Baggage Rules Citing Fleet Utilization Impact

Budget airline EasyJet has warned that European Union baggage regulations could impact fleet utilization efficiency by creating boarding delays that reduce aircraft productivity. The legislative proposal under consideration would mandate free cabin baggage across European air travel. Parliamentary votes have advanced regulations requiring airlines to provide allowances for both personal items and larger carry-on bags. The airline's leadership emphasizes that efficient fleet utilization depends on minimizing...

U.S. and China to Meet in Geneva as Trade War Pressures Spark Hope for Resolution

GENEVA — In a pivotal step toward easing trade tensions, top U.S. and Chinese officials are set to meet in Switzerland this week, offering...

BMW Cuts 180 Jobs at Mini Oxford Plant as US Tariffs Shake UK Car Industry

BMW has terminated the contracts of 180 agency workers at its Mini plant in Oxford, highlighting the growing strain on the UK automotive industry...

Global Markets Climb Amid Cautious Trading as U.S. Futures Surge

Global stock markets advanced on Thursday despite light trading volumes due to widespread May Day holidays across Europe and Asia. The optimism was driven...

Trump Eases Auto Tariffs to Spur U.S. Manufacturing and Job Growth

President Donald Trump is easing some auto-related tariffs in a strategic shift aimed at boosting domestic manufacturing and preserving jobs. The move comes amid...

Trump Faces GOP Discord as Budget Battles Threaten His Domestic Agenda

As Congress returns to Washington, President Trump’s ambitious budget proposal is encountering early turbulence within his own party. While Republicans control both chambers, deep...

India Ramps Up Russian ESPO Oil Imports as Chinese Demand Wanes

India has sharply increased its imports of Russia’s ESPO Blend crude in April, capitalizing on reduced Chinese demand and favorable pricing. Supplies to Indian...

Trump’s Tariffs Trigger Sharp UK Slowdown Amid Record Low Economic Confidence

The UK economy is forecast to slow dramatically over the next two years as Donald Trump’s global tariff policies weigh heavily on business investment...

Trump’s Hardline Policies Trigger $10 Billion Blow to U.S. Tourism Industry

America’s tourism industry is bracing for a staggering $10 billion loss this year as President Donald Trump's immigration crackdowns and trade policies drive international...

Treasury Chief Warns U.S.-China Trade War ‘Unsustainable’ as Trump Pushes Fed to Cut Rates

In a closed-door speech for JPMorgan Chase, U.S. Treasury Secretary Scott Bessent warned that the escalating trade war with China is "unsustainable" and expects...

IMF Warns of Rising Global Financial Threats Amid Trump’s Tariff Turmoil

 The International Monetary Fund has issued a stark warning about escalating risks to global financial stability, triggered by former US President Donald Trump’s renewed...

Markets Slide as Trump Slams Fed Chair Powell, Demands Immediate Rate Cuts

U.S. stock markets tumbled Monday as former President Donald Trump intensified his public attacks on Federal Reserve Chair Jerome Powell, calling him “a major...

Market Turmoil Deepens as Export Limits Shake Tech Giants Amid Trade War Uncertainty

U.S. stock markets tumbled on Wednesday as mounting concerns over new export restrictions and the escalating trade war under President Trump sent shock waves...