Business

The head of the IMF, Kristalina Georgieva, was speaking at a panel in Davos alongside ECB President, Christine Lagarde. ADVERTISEMENT The eurozone should look to the United States if it wants to compete more effectively for global investment, said managing director of the International Monetary Fund (IMF) Kristalina Georgieva, on Friday. “The United States has a culture of confidence. Europe …

Tesla has revealed a new premium model Y version, first launched in China, which comes with a range of improved features. ADVERTISEMENT EV manufacturer Tesla launched a new version of its Model Y in Europe, the US and Canada on Thursday, after already having introduced it in the Chinese market some weeks earlier. The Model Y is currently Tesla’s best-selling …

Business activity in the eurozone is now expanding for the first time since August 2024, although the upturn remains modest. ADVERTISEMENT There are modest signs of improvement in business activity in the eurozone, according to new data from the Hamburg Commercial Bank (HCOB). The preliminary Composite PMI, an indicator of economic health, rose from 49.60 in December to 50.20 in …

The US aircraft manufacturer closed last year with a steep loss and weak sales, according to preliminary figures released by the company. ADVERTISEMENT The aircraft manufacturer Boeing, said it incurred nearly $3 billion (€2.85bn) worth of charges in the fourth quarter of 2024 due to a lengthy labour stoppage, job cuts and problems with a number of government programmes. As …

Global stock markets rallied this week amid Trump’s actions following his inauguration on Monday. European markets repeatedly hit new highs despite tariff threats, while the euro rebounded against the dollar. ADVERTISEMENT US President Donald Trump’s remarks and executive orders have influenced global market trends this week. Stocks extended their rally on broad-based gains globally, with both European and US markets …

The global car maker Stellantis has announced that it would be heavily focusing on investing in its US operations in the coming future, in order to increase its sales volume and market share. ADVERTISEMENT Car giant Stellantis has revealed that it is preparing to invest more than $5 billion in the US. This is following the company’s chairman, John Elkann …

The cuts will be across the company in a cost-cutting drive which will see the closure of its cafes and pizza counters. There will also be a reduction in a number of senior management roles. ADVERTISEMENT The UK’s second largest supermarket chain said that the cost-cutting measures would help the company to “simplify the business”, adding that many of its …

The amount of money collected through inheritance tax is likely to rise further in the UK due to recent policy changes. ADVERTISEMENT The UK tax authority has confirmed that it collected £6.3 billion (€7.5bn) in inheritance tax (IHT) over the nine months to the end of December. That’s a £600 million (€710m) rise compared with the same period last year. …

Rising geopolitical tensions are increasing fragmentation of the global financial system and pose a risk to both global prosperity and human progress, according to a report from the World Economic Forum. ADVERTISEMENT The economic costs of global fragmentation could potentially be more than the Covid-19 pandemic, as well as the 2008 global financial crisis (GFC), according to the recently released …

The EU’s new trade chief Maros Sefcovic on Wednesday in Davos told the BBC that he was open to Britain joining the Pan-Euro-Mediterranean Convention (PEM) as part of a post-Brexit “reset”. ADVERTISEMENT The British government minister in charge of relations with Europe appears to have ruled out becoming part of a pan-European trade agreement after the idea was mentioned by …