In recent days, Bitcoin’s value has experienced a significant decline, dropping by approximately 10%. Other cryptocurrencies have faced even steeper losses. Most analysts attribute this downturn to new import tariffs introduced by U.S. President Donald Trump. As of noon on Monday, investors were paying around $95,300 (93,000 euros) per Bitcoin, a decrease of about 10% from Friday. Earlier in the day, the price dipped below $92,000. According to...

Volkswagen, the renowned German auto manufacturer, is embroiled in a legal battle with Indian authorities over a colossal tax assessment amounting to $1.4 billion (1.35 billion euros). This tax levy is noted as the largest import duty ever imposed by India and has sparked significant controversy. The crux of the dispute lies in Volkswagen’s import strategy. The company reportedly brought in various models of its VW, Skoda, and...

The German industrial giant Bosch witnessed a significant decline in profits last year, with earnings dropping by nearly a third. This downturn is attributed to lackluster sales of electric vehicles across Europe and a broader global economic uncertainty. As a key supplier to the automotive industry, Bosch has been affected by the industry’s broader struggles with diminishing sales and profits, which inevitably impact associated suppliers. In addition to...

The gold market witnessed a historic surge on Thursday as prices soared to unprecedented levels, driven chiefly by the weakening US dollar. As the dollar depreciates, gold becomes more affordable for traders dealing in other currencies, consequently boosting its demand. The price of gold surged to over $2,792 per 31.1 grams, surpassing the previous peak of around $2,790 reached in late October. This upward trend followed the release...