Business

Regional output was slightly better than previously thought, although the eurozone is still hampered by productivity woes. ADVERTISEMENT In the final three months of 2024, seasonally adjusted GDP increased by 0.1% quarter-on-quarter in the eurozone and by 0.2% in the EU, Eurostat said on Friday. In the prior quarter, GDP grew by 0.4% in both areas. The new figures are …

The chip designer, Arm, is reportedly competing with its own clients, which include major companies such as Qualcomm, to sell its own chips as it seeks to boost profits. ADVERTISEMENT British semiconductor giant Arm Holdings plc is planning to manufacture its own chips in 2025, according to the Financial Times and has started competing against its own clients for deals. …

The carmaker blamed the job losses on lacklustre demand for electric vehicles and “challenging geopolitical and economic conditions”. ADVERTISEMENT The luxury carmaker Porsche will cut 1,900 posts by the end of the decade as its profit margins are hit by rocky market conditions. The cuts will see a reduction in overall staffing numbers by 15% by 2029 at its main …

Taiwan President Lai Ching-te said on Friday he would communicate more with the US over President Donald Trump’s concerns over the chip industry and invest more in the US hours after Trump ordered reciprocal tariffs on trade partners. ADVERTISEMENT Trump said on Thursday that Taiwan had taken away the US chip business and said that he wanted it back in …

Residential end-user electricity and gas prices vary widely across European capitals. When adjusted for PPS, country rankings shift significantly. ADVERTISEMENT Energy prices in the EU, which surged following Russia’s invasion of Ukraine in early 2022, stabilised after a year. Throughout 2024, the annual inflation rate for energy prices was slightly negative in most months.  Energy bills play a crucial role …

Unilever has chosen Amsterdam over London for its ice cream business’ primary listing, in a new blow to the City of London’s struggling initial public offering (IPO) market. ADVERTISEMENT British multinational consumer goods company Unilever revealed that it would be demerging its ice cream business later this year. The division will be primarily listed in Amsterdam following the spin off, …

“TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!!” Trump posted on his social media site, Truth Social. “MAKE AMERICA GREAT AGAIN!!!” ADVERTISEMENT President Donald Trump says he is shortly to announce increases on US tariffs to match the tax rates that other countries charge on imports. “TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!!” Trump posted on his social media site, Truth …

Earnings increased despite weaker sales, thanks to the German firm’s efficiency drive. Meanwhile, Thyssenkrupp’s military-related units expect a boost from greater defence spending. ADVERTISEMENT German manufacturer Thyssenkrupp gave a mixed financial update on Thursday as it highlighted rocky market conditions but underlined some areas of improvement. The group posted a net loss of €33 million from October to December, following …

The UK economy inched up slightly in the last quarter of 2024, ahead of market expectations. However, the country is still dealing with slower growth than some of its other G7 peers. ADVERTISEMENT The UK economy grew by 0.1% in the last quarter of 2024, according to the Office for National Statistics. The figure was This was above analyst expectations …

The world’s largest packaged food company reported better-than-expected annual sales growth but warned of lower profit margins in 2025. ADVERTISEMENT Sales at the Swiss food giant came in narrowly ahead of forecasts with volumes up by 0.8% compared with a 0.3% fall in the previous year. Profit before tax was 13.2 billion Swiss francs (€13.96bn) for the full year, up …