Oil prices fall sharply after Iran strikes US base in Qatar
Crude oil prices fell around 7% on Monday, after Iran said it had launched a missile attack on a US base in Qatar. Investors appear to take the retaliatory action as being…
Qatar orders up to 210 Boeing jets in a deal worth $96 billion
As US President Donald Trump continues his diplomatic tour of Gulf states, he announced a flurry of business deals with Qatar, including a purchase order of up to 210 jets from Boeing…
Competing for the catch of the day: In Louisiana, shrimpers struggle to stay afloat
In the Gulf of Mexico, the prawn fishing industry has been undermined for several years by foreign competition, particularly from Asia and South America. US shrimp fishermen find it impossible to cope…
Nissan to cut 20,000 jobs as carmaker reports €4 billion annual net loss
Things are going from bad to worse for Nissan. Struggling with weak sales and an ageing lineup, the Japanese carmaker has announced a sweeping restructuring plan, aiming to save €3 billion in…
German industry under pressure to innovate
German industry faces an unprecedented crisis, with growing global competition and pressure to go greener. How are companies like Volkswagen, RWE, and BASF navigating the transition, and will it pay off in…
Kidnappings, ransom demands target French cryptocurrency moguls
A spate of violent kidnappings has targeted wealthy French cryptocurrency investors as criminal gangs seek to extort ransoms. We take a closer look. But first: Washington prepares for trade negotiations with Beijing…
Tesla denies report that its board planned to replace Musk
Tesla chair Robyn Denholm has denied a Wall Street Journal report that the board had started looking for a new CEO to replace Elon Musk. It comes as Musk is stepping back…
US economy shrinks for the first time since 2022
US President Donald Trump has blamed Joe Biden for a 0.3% shrink in GDP for the first three months of the year, as firms stockpiled imports ahead of tariffs. The S&P 500…
Citroën aims for sales turnaround with launch of new electric SUV model
French carmaker Citroën, part of Stellantis, launched a new SUV model this Tuesday in Paris in a bid to turn around sales that have dropped over 10 percent in the first quarter…
Nissan sees record annual net loss for 2024 as carmaker tries to turn around business under new CEO
Nissan has announced it now expects a record net loss of up to 4.6 billion euros for the fiscal year that ended in March, around 9 times larger than its previous forecast…
Amazon draws Trump’s ire over reported plan to display tariff costs
The White House has blasted Amazon over a reported plan to display how much additional costs are coming from tariffs right next to the total price of a product on its website.…