India is preparing to cut its average tariff differential with the US by nearly 9 percentage points—bringing it down from 13% to under 4%—in a major step toward securing exemptions from President Donald Trump’s current and potential tariff hikes. The sweeping proposal, not previously reported in full, represents one of…
US stocks edged higher on Friday as market sentiment improved following President Donald Trump’s comments suggesting progress on multiple trade agreements and a possible reduction in tariffs on Chinese goods ahead of key talks this weekend.The Dow Jones Industrial Average rose 111 points, or 0.3%, while the S&P 500 gained…
Lyft Inc (NASDAQ: LYFT) rallied more than 20% on Friday morning after reporting its financial results for the first quarter that topped Street estimates on most fronts. But factors beyond the numbers are contributing to the rise in LYFT shares.For starters, the company’s board authorised a significant boost to the…
The Trump administration has significantly raised tariffs on aluminum imports this year to 25% to throw a lifeline to the domestic aluminum industry.However, all that higher tariffs have accomplished so far is increased costs for American consumers, while the government’s primary goal of reviving local production remains in shambles.According to…
Brazil’s CSN Mineração (CMIN3), the mining arm of steel giant CSN, reported a net loss of R$357 million (approximately $69.5 million) in the first quarter of 2025, a significant decrease from the previous quarter’s net profit of over R$2.0 billion ($389.2 million). According to InfoMoney, the company’s downturn was primarily…
Shares of Expedia Group fell sharply by more than 8.5% on Friday after the company reported first-quarter revenue that came in below Wall Street expectations, signalling a slowdown in US travel demand. The online travel platform posted revenue of $2.98 billion, falling short of the $3.01 billion expected by analysts…
Ferrero is doubling down on its US ambitions with a strategy built around local innovation and manufacturing scale, as per a CNBC report. The Italian-founded, Luxembourg-based confectioner is introducing its first-ever flavour extension of Nutella – Nutella Peanut – and reshaping its iconic Ferrero Rocher brand into a new square…
International Airlines Group, the owner of British Airways, has placed a landmark order for 32 long-haul jets from Boeing worth nearly $13bn (£9.8bn), a day after a trade agreement between the UK and US led to the scrapping of tariffs on jet engines.The announcement, made on Friday, comes just a…
China has imposed a ban on the export of seven rare earth elements without an export license, effective since April 4. This action, based on recent history, suggests potential disruptions to global supply chains due to anticipated delays in the issuance of these necessary licenses, Commerzbank AG said in a report.Germany…
Something unusual is happening in global currency markets, and most people aren’t paying attention. This week, the Taiwan dollar surged more than 5% in a single day, recording its biggest jump since 1988. At the same time, Asian banks, exporters, and sovereign funds are increasingly trying to bypass the US dollar in…