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The job cuts follow a three-percent fall in deliveries worldwide last year -- driven by a 28-percent drop in China
Business

German Sports Carmaker Porsche To Cut 1,900 Jobs

Donald Trump signed an Executive Order on reciprocal tariffs Thursday but his commerce secretary nominee said they might not be implemented until April, giving room for negotiations
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Most Asian Stocks Rise As US Tariff Delays Give Breathing Space

Sentiment was boosted after Donald Trump said he had spoken to Vladimir Putin about holding Ukraine peace talks
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Asian Stocks Rise, Oil Falls As Trump Fans Ukraine Peace Hopes

Elon Musk, seen here in the Oval Office on February 11, has hired a team of unvetted and inexperienced outsiders to dive into sensitive US government systems
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Musk's DOGE Team Raises Major Cyber Security Concerns

Federal Reserve boss Jerome Powell said the bank was not in a hurry to cut interest rates
Finance & Investments

Asian Stocks Rise As Powell Rate Warning Taken In Stride

Gold prices have pushed to fresh records and have topped $2,900 for the first time
Finance & Investments

Asian Markets Swing As Tariff Uncertainty Looms Large

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Meet Justin Hotard: Finland's Nokia Appoints New CEO

Walmart Expansion: Retailer Announces Plans To Build More Stores, Providing More Job Opportunities
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Walmart To Cut Hundreds of Jobs, Close North Carolina Office In Corporate Reshuffle

Traders will be keeping a close eye on the US jobs data that is due Friday
Business

Asian Markets Mixed Ahead Of Key US Jobs Data

Sabato De Sarno, 42, is leaving the famed Italian brand
Business

Gucci Ousts Chief Designer De Sarno After Sales Slump

Boasting an enormous selection of ultra-cheap items at a time when inflation has shrunk household spending power almost everywhere, Shein and Temu have become a global phenomenon
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Shein, Temu Face Cost Of Adapting To New US Customs Rules

Tesla owner Elon Musk has backed the far-right AfD ahead of polls in Germany
Business

Tesla Sales Fall In Germany As Musk Backs Far Right

Ferrari's profit surged even though it sold just 89 more cars in 2024, for a total of 13,752
Business

Ferrari Reports Another Record-breaking Year

Nintendo cut its net profit forecast after sales for its Switch console fell in the first three quarters
Business

Nintendo Cuts Net Profit Forecast As Switch Sales Slow

UBS posted a much better-than-expected net profit in the fourth quarter
Business

UBS Profit Beats Forecast As Credit Suisse Merger Nears End

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