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Companies & CEOs

Google sued for £5bn in the UK

Google sued for £5bn in the UK
The U.K.'s Competition Appeal Tribunal has filed a lawsuit against Google, a unit of Alphabet Inc., to claim over 5 billion pounds ($6.6 billion) in damages for its exploitation of a dominant position in the online search market to increase...

LVMH loses its status as the largest luxury goods manufacturer by capitalization

Choo Yut Shing
Louis Vuitton Moët Hennessy (LVMH, which includes brands like Louis Vuitton, Dior, jewelry label Tiffany, and cosmetics retailer Sephora) has ceded its position as the largest luxury goods firm by market capitalization in Europe to its competitor...

BNY Mellon’s profit up 21% in Q1

Chris Rycroft via flickr
Bank of New York Mellon, the biggest custodian bank globally, saw a 21% rise in net income during the first quarter of 2025, with a 6% increase in revenue. The bank announced a net income of $1.15 billion, or $1.58 per share, for the January-March...

Uncertainty in the markets jeopardizes Prada's negotiations on purchase of Versace from Capri

Bahar
The discussions of the Italian fashion label Prada regarding the acquisition of the Versace brand from Capri Holdings Ltd. have been threatened by the decline in global stock markets, as reported by The Wall Street Journal, citing sources. They...
Markets & Industries

WTO head: Trade war between the US and China may drag the world into recession

World Trade Organization via flickr
According to Ngozi Okonjo-Iweala, the head of the World Trade Organization (WTO), if the trade war between the US and China persists, the global GDP will contract by 7% in the long run. The standoff between the countries could divide the world into...

ECB keeps softening monetary policy “to support European economy”

ecb.europa.eu
During a meeting on Thursday, April 17, the European Central Bank (ECB) once more lowered the deposit rate to 2.25%, which influences the monetary policy direction. During a meeting on April 17, the ECB cut the deposit rate, which sets the...

Fitch downgrades its forecast for global GDP growth in 2025 to less than 2 per cent

picryl
Fitch Ratings has released a special revision to its quarterly macro outlook for the global economy (Global Economic Outlook, GEO), lowering the forecast due to rising external pressures. The worldwide GDP growth prediction was downgraded by 0.4...

BofA survey: Investor pessimism on the US dollar hits highest since 2006

pickpic
The negativity among major investors regarding the future of the US dollar has peaked in the last twenty years, according to findings from a Bank of America survey. Sixty-one percent of those surveyed anticipate a decline in the value of the US...
In-depth coverage

Mittelstand, Germany’s Hedge Against Crisis

It’s a stormy weather for Europe's biggest economy right now: Germany is facing a recession as high energy costs are becoming a huge burden, for the country's industrial companies especially. All this would be spelling trouble for the entire region if not for the Mittelstand, a bunch of stable German businesses that keep working hard and inspire others.When it comes to discussions about a Germa...
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World & Politics

IAEA announces decisive stage of talks on Iran's nuclear program

Hossein Heidarpour
Rafael Grossi, Director General of the International Atomic Energy Agency, stated that negotiations between Iran and the United States concerning the nuclear program of the Islamic Republic have reached a crucial phase. He remarked that Washington...

EU calls humanitarian situation in Gaza unacceptable

UN Photo/Shareef Sarhan
The EU emphasized that its priorities in Gaza include the reestablishment of the ceasefire, the liberation of all hostages, and the continuation of extensive humanitarian assistance, according to a statement issued on Saturday. The EU is very...

35% of Germans hope for economic recovery after German government change

pxhere
In Germany, 35% of citizens think that the country's economic conditions will get better with the new government, based on the ZDF TV channel's opinion poll "Political barometer." The survey was carried out from April 8 to 10 with 2455 participants....

EU leaders plan to visit China in July

Fabrice Debatty
The South China Morning Post reported, referring to informed sources, that a delegation from the European Union, headed by European Council President Antonio Costa and European Commission President Ursula von der Leyen, intends to travel to Beijing...
Management & Strategy

Forbes: Donald Trump doubles his fortune in a year

Gage Skidmore
According to Forbes, the net worth of US President Donald Trump doubled in 2024, increasing from $2.3 billion to $5.1 billion. As stated in the report, his successful investment in cryptocurrency enabled him to grow the fortune. The primary...

British Steel to lay off more than 2,000 employees

British Steel to lay off more than 2,000 employees
British Steel company may close two plants in the town of Scunthorpe in June this year, which could lead to the dismissal of more than 2 thousand employees, writes the Financial Times. In total, the company employs about 4.5 thousand people....

Brand Finance: Chinese banks remain leaders in bank brands rating

Can Pac Swire via flickr
According to the annual 2025 report “Brand Finance Banking 500”, four Chinese representatives continue to lead in brand value among global banks. The Industrial & Commercial Bank of China (ICBC) ranks first, with its brand value increasing by...

Lip-Bu Tan to become new head of Intel

JiahuiH
Intel Corp. disclosed selection of Lip-Bu Tan as the new chief executive officer of the company. According to a press release from Intel, he will assume the role on 18 March, succeeding interim CEOs David Zinsner and Michelle Johnston Holthaus....