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...

Trump Floats Relief for Automakers, Targets Semiconductors and Pharma in New Tariff Push

pose new levies on semiconductors and pharmaceuticals.   Speaking from the White House on Monday, Trump acknowledged that automakers sourcing parts from Canada and Mexico need...

WTO Sounds Alarm: Trump Tariffs Threaten to Reverse Global Trade Growth

The World Trade Organization (WTO) has issued a stark warning that former U.S. President Donald Trump's sweeping tariffs could reverse global trade progress and...

Oil on the Brink: Trade War Turmoil and OPEC Shock Send Prices Plummeting, Russia on Edge

Global oil markets are facing their most turbulent moment in years, as geopolitical tensions, trade war fallout, and unexpected supply shifts collide to drag...

Boomerang Economics: How U.S. Tariffs Are Hurting Allies Like Australia—and Itself

SYDNEY, April 13 (Xinhua) – U.S. tariff policies, much like the traditional Australian boomerang, are swinging back with unintended force—striking not just global trading...

Trump’s Tariffs Sour Italian Wine Industry as Vinitaly 2025 Opens Under a Cloud of Uncertainty

What should have been a jubilant celebration of Italy’s finest wines turned somber as the 57th edition of Vinitaly, the country’s premier international wine...

Global Investors Flee U.S. Bonds, Signaling Crisis of Confidence in Trump’s Economic Stewardship

In a startling twist that could signal deeper cracks in America’s financial foundation, global investors are rapidly offloading U.S. government bonds — once considered...

Markets Rebound After Tariff Shock, But Volatility Looms Amid Escalating US Trade War

Global stock markets staged a sharp recovery on Tuesday after a dramatic sell-off triggered by escalating tariff tensions, but analysts warned that renewed volatility...

Asian Markets Suffer Historic Collapse Amid Escalating U.S. Tariff War Under Trump

Asian stock markets plunged to their worst levels in decades following sweeping new tariffs imposed by U.S. President Donald Trump, sparking fears of a...

Goldman Sachs to cut about 3,200 jobs after cost review

According to reports from undisclosed sources, Goldman Sachs Group is set to commence a significant round of layoffs across the company this week in...

After mass layoffs, CEO Sundar Pichai to take salary cut

During a recent town hall meeting, Alphabet CEO Sundar Pichai revealed plans for a significant reduction in annual bonuses for all positions above the...

Global aviation organisation ICAO rejects Spicejet’s audit story

New Delhi: Following SpiceJet's recent claim regarding the strength of its safety processes after an audit by the International Civil Aviation Organisation (ICAO), the...

US announces fusion tech clean energy breakthrough for warming world

New York: The United States has unveiled a groundbreaking achievement in clean energy technology, heralding a potential transformation in global power generation. The breakthrough...