Business

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 …

Ahead of a decisive win by Donald Trump in the US presidential election there was a sharp rally in the US dollar, sending the euro to a four-month low and boosting Bitcoin by 5% to a record high as European markets opened. ADVERTISEMENT The Republican Party has regained control of the Senate and leads in the House of Representatives, solidifying …

Donald Trump is heading back to the White House, leading to a volatile session in global markets. The dollar has surged, sending the euro and emerging market currencies down. ADVERTISEMENT The euro slumped against the US dollar as Donald Trump declared victory in the presidential election. The currency dropped nearly 2 cents against the dollar to a four-month low at …

Offices of the streaming giant have been searched in France and the Netherlands, as part of an investigation into suspected tax fraud. ADVERTISEMENT The search on Tuesday morning at the offices of Netflix’s French subsidiary was part of a tax fraud investigation, a judicial source confirmed to Euronews Business after the investigation was first published by French newspaper Marianne.  According …

The addition of Nvidia to the Dow Jones Industrial Average is a notable milestone, suggesting a more stable outlook for the AI chipmaker in its continued rise and increasing prominence in the tech sector. ADVERTISEMENT The artificial intelligence leader Nvidia is set to replace Intel in the Dow Jones Industrial Average (DJIA), as announced in a press release by S&P …

The Irish budget carrier reported strong traffic, offset by lower air fares for the past six months. ADVERTISEMENT Ryanair Holdings plc has reported an 18% drop in its after-tax profit, which came in at  €1.79bn for the first six months of the financial year, ending on 30 September.  The low-cost carrier recorded 115m customers, a 9% growth in traffic compared …

Warren Buffett is sitting on more than $325bn (€298.15bn) cash after unloading billions of dollars worth of Apple shares this year while continuing to collect a steady stream of profits from all of Berkshire Hathaway’s assorted businesses without finding any major acquisition. ADVERTISEMENT Berkshire Hathaway has revealed it sold off some 100 million more Apple shares in the third quarter …