An employee works on a vehicle crankshaft production line at a factory which produces engine parts in Binzhou, in eastern China’s Shandong province on March 14, 2025. Str | Afp | Getty Images China’s industrial profits rose in April from a year earlier, official data showed Tuesday, despite prohibitive U.S. tariffs and persistent deflationary pressures….
A Marks & Spencer Group Plc (M&S) store in Kingston-upon-Thames, UK. Bloomberg | Getty Images British retailer Marks & Spencer said Wednesday that a recent cyberattack, which left food shelves bare and brought online sales to a standstill, will wipe out almost one-third in its annual profits. The company, known for its clothing, homeware and…
The app icons for Revolut and Monzo displayed on a smartphone. Betty Laura Zapata | Bloomberg via Getty Images Financial technology firms were initially the biggest losers of interest rate hikes by global central banks in 2022, which led to tumbling valuations. With time though, this change in the interest rate environment steadily boosted profits…
Lily Jamali Reporting fromSan Francisco Reuters Elon Musk (left) with Donald Trump outside the White House (file photo) Tesla boss Elon Musk says he will cut back his role in Donald Trump’s administration after the company’s profits and revenues plunged during the first three months of the year. Sales slumped and the electric carmaker faced…
YICHUN, CHINA – FEBRUARY 06: Mechanical arms work on the production line of electronic products for new-energy vehicles in an intelligent workshop at a factory in the high-tech industrial park on February 6, 2025 in Fengcheng, Jiangxi Province of China. Zhu Haipeng | Visual China Group | Getty Images China’s industrial profits fell 0.3% from…
President Donald Trump is urging oil producers to “drill, baby, drill.” U.S. oil and gas investors may not be on board with the plan. “Right now, with low oil prices, I think we’re going to start to see a lot of companies starting to pare back on their capital spending,” said Clark Williams-Derry, an energy finance…
Privacy campaigners have called Google’s new rules on tracking people online “a blatant disregard for user privacy.” Changes which come in on Sunday permit so-called “fingerprinting”, which allows online advertisers to collect more data about users including their IP addresses and information about their devices. Google says this data is already widely used by other…
Workers produce garments for export to overseas markets at Sihong Guoshun Garment Co., Ltd. in Weiying town, Sihong County, Suqian city, East China’s Jiangsu province, on January 23, 2025.. Costfoto | Nurphoto | Getty Images China’s factory activity in January unexpectedly contracted, reversing the expansionary momentum in the past three months, partly due to a…
