Business

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 …

Stronger wages have contributed to the decision by Japan’s central bank to raise rates to about 0.5%. The BOJ reiterated that it may in the future raise interest rates again, if required. ADVERTISEMENT The Bank of Japan (BOJ) raised its key interest rate to about 0.5% from 0.25% on Friday, noting that inflation is holding at a desirable target level. …

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 …

China’s share markets hit their peak value before the 2008 global financial crisis and have stayed well below that level since. A lack of gains in share prices, along with falling housing prices, has discouraged Chinese families from spending, slowing consumer demand and economic growth. ADVERTISEMENT The Chinese government is trying to encourage people to spend more by ensuring that …

Venture investments in Europe lagged last year, although economic bright spots and a rise in exits provide hope for 2025. ADVERTISEMENT The total amount of money invested into European businesses by venture capital (VC) firms fell last year, according to an annual report from PitchBook. The value of individual deals grew, although the total number of deals fell from 11,408 …