Business

The iconic German car maker is the latest car manufacturer to be hit by falling sales, including in China, where sales were down by almost 30%. ADVERTISEMENT A recent global recall involving more than 1.5m vehicles and plummeting sales in China have weighed heavily on the iconic German car maker’s quarterly performance.  BMW AG (including the Mini and Rolls-Royce brands) …

As Donald Trump heads back to the White House his media company Trump Media & Technology Group (TMTG) posted heavy losses. Despite this, shares in the company have soared, increasing the wealth of the President-Elect. ADVERTISEMENT The parent company of Trump’s social networking site Truth Social lost $19.2m (€17.83m) in the last quarter, according to an earnings report released on …

The Bank of England is expected to cut the UK interest rate for the second time in three months, as inflation has fallen to its lowest level in more than three years. ADVERTISEMENT However, economists warn that worries about the future path of prices following last week’s tax-raising Budget from the new Labour government and the economic impact of US …

The US Federal Reserve is set to cut interest rates again this week as post-election uncertainty grows. ADVERTISEMENT Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation pressures that exasperated many Americans and contributed to Donald Trump’s presidential election victory. Yet the Fed’s future …

The US stock market, Elon Musk’s Tesla, banks and bitcoin all stormed higher as investors bet on what Donald Trump’s return to the White House will mean for the economy and world. ADVERTISEMENT Among the losers were solar-power companies and potentially anyone worried about higher inflation. The S&P 500 was up by 2.2% in afternoon trading and on track to …

US trade tariffs are “one of the biggest near-term risks to the Irish and European economies”, according to experts. ADVERTISEMENT As soon as Donald Trump was declared the winner of the 2024 US Presidential election, immediate concerns took the place of future speculations about how the President Elect’s promises were going to shape the economy in Europe and especially in …

Shares of Tesla have jumped following an election result that will send Donald Trump back to the White House, an outcome that has been strongly backed by CEO Elon Musk in the closing months of the race. ADVERTISEMENT Tesla stands to make significant gains under a Trump administration due to its size, with the expectation that subsidies for alternative energy …

Honda sold more motorcycles globally in the first half of its financial year as demand in Asia rose. However, it saw a fall in car sales, particularly in China. ADVERTISEMENT Profits for the Japanese car maker slipped nearly 20% in the first half of the fiscal year on the same period last year, as sales suffered in China. Honda saw …

As Donald Trump returns as the 47th US president, several markets respond strongly to his policy shift. Here are five winners and losers as investors adjust to the new US administration. ADVERTISEMENT Donald Trump has returned to the White House as the 47th US president, making him the first to serve two non-consecutive terms since Grover Cleveland in the late …

The German luxury brand, Hugo Boss, has warned of potential delays in reaching its ambitious 2025 sales target due to tepid consumer demand, especially in China. ADVERTISEMENT The company’s third-quarter earnings report showed slight gains above market expectations but also highlighted ongoing challenges within the Chinese market. The company’s share price dropped more than 4% to €41.2 in Frankfurt, erasing …