European stock exchanges are experiencing positive performances as economists and investors closely watch the developments surrounding former U.S. President Donald Trump’s approach to international trade. While Trump has not yet signed any executive orders imposing new tariffs, he has initiated inquiries into potential trade imbalances by directing the Treasury, Commerce, and National Security departments. The market remains hopeful that caution will prevail in any forthcoming U.S. trade measures....

Netflix concluded 2024 with unprecedented growth in its subscriber base, marking its largest quarterly increase on record. This surge, attributed to the live broadcast of the highly anticipated boxing match between Mike Tyson and Jake Paul, as well as the release of the new season of the hit series Squid Game, resulted in an addition of 18.9 million paying customers in the last quarter. This figure significantly surpassed...

Intel has once again captured the attention of the financial world. The American semiconductor leader is reportedly at the heart of a potential acquisition, as per an article from the well-regarded SemiAccurate website. While the identity of the prospective company remains undisclosed, the news has fueled investor enthusiasm, propelling Intel’s stock up by 8% on Wall Street. This surge is further supported by the source’s reference to a...

BYD’s meteoric rise in the electric vehicle (EV) market is fueling discussions, not just due to its swift global expansion but also because of its complex financial strategies. A recent report by Hong Kong-based GMT Research, which primarily serves institutional investors and hedge funds, has brought attention to the financial intricacies of BYD, a conglomerate also excelling in batteries, renewable energy, monorail trains, and electronic components. According to...

The Chinese economy experienced a modest growth rate of 5 percent in 2024, primarily driven by a robust performance in the final quarter. Concerns over impending import tariffs from the United States have been a significant factor fueling trade activities. This growth rate marks a historic low for the Chinese economy, which grew by 5.2 percent in 2023. As the world’s second-largest economy, China is currently grappling with...

In a strategic move to bolster its financial standings, British oil giant BP has announced a significant restructuring initiative aimed at reducing its workforce by 5 percent. This decision, revealed by CEO Murray Auchincloss, aligns with BP’s objective to achieve a cost-saving target of at least $2 billion (approximately 1.9 billion euros) by the close of 2026. Included in this restructuring plan is the termination of contracts with...

Electric vehicle adoption in Europe is advancing more slowly than anticipated, prompting Fastned, a leading operator of EV charging stations, to revise its growth forecasts for 2025. The company shared these updated projections during its quarterly results presentation on Thursday. Fastned has revised its expectation for the number of charging stations by 2025, reducing it to a range of 400 to 425 stations, compared to the 346 that...

KLM has canceled forty flights to and from Schiphol on Thursday as a precautionary measure due to predicted fog. This follows almost a hundred European flights being canceled on Wednesday for the same reason. Dense fog has been present since Wednesday morning, causing significant disruptions at airports. Schiphol and Eindhoven Airport have experienced numerous delays, with 96 flights canceled altogether. KLM had already warned in the morning that...

Ryanair has voiced concerns about passengers consuming excessive alcohol before flights, after an incident that forced an unplanned diversion. The budget airline is demanding €15,000 in compensation from a disruptive passenger. Due to what Ryanair described as “unacceptable” behavior on a flight from Dublin to Lanzarote, the aircraft was diverted to Portugal. The incident caused significant disruption, delaying the journey of 160 passengers by an entire night. The...

The value of Bitcoin, the largest cryptocurrency, experienced a significant drop on Monday. According to Bloomberg, Bitcoin’s price fell by over 4%, settling at approximately $91,000 (around €89,000). This marks its lowest level since November 18, 2024. Other cryptocurrencies also saw notable declines. Ethereum, the second-largest digital currency, dropped 6.6%, trading just below $3,050. The downturn appears to be linked to shifting investor expectations regarding interest rate cuts...

Tesla has introduced a refreshed version of the Model Y, featuring a completely redesigned front and rear, as well as an updated interior. The new Model Y can be recognized by its revised headlights and a light strip at the front. The rear also boasts new light units, which are visually connected by a light strip, distinguishing the Model Y from the Model 3, which was updated earlier....

Meta, the company behind Facebook and Instagram, has announced internally that it will scale back various initiatives. Employees will no longer be required to engage with candidates from underrepresented backgrounds for open job positions, nor will they be obliged to conduct business with “diverse” suppliers. Maxine Williams, Meta’s Chief Diversity Officer, will be transitioning to a different role within the company. Similarly, Amazon informed its staff that it...

European aircraft manufacturer Airbus delivered 766 planes last year, marking its highest output in six years. The A321neo model has emerged as the world’s best-selling aircraft, driven by airlines investing heavily in upgrading their fleets with more fuel-efficient planes like the A321neo. Notably, carriers such as KLM are replacing older Boeing 737 models with Airbus aircraft. Despite the impressive figures, Airbus narrowly missed its target of delivering 770...