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Airbus proft climbs in 2024, aims to accelerate output
European aircraft maker Airbus said Thursday net profits rose in 2024 as it boosted plane deliveries and set a goal of accelerating them further. Net profit rose 12 percent to 4.2 billion euros ($4.4 billion), overcoming a massive writedown in the value of its space business earlier in the year.
Trump says trade deal with China 'possible'
US President Donald Trump suggested on Wednesday that a trade deal was "possible" with China -- a key target in the US leader's tariffs policy. In 2020, the United States had already agreed to "a great trade deal with China" and a new deal was "possible," Trump told reporters.
Mercedes-Benz profits plunge as German carmakers reel
Mercedes-Benz said Thursday it planned hefty cost cuts after its 2024 profits plunged by almost a third amid a slump in China and weak electric car sales, as Germany's auto sector reels. German manufacturers all invested heavily in China in recent decades and came to rely on the world's biggest auto market for a hefty chunk of their sales and profits.
Renault revs up profitability in 2024
Renault confirmed on Thursday it defied headwinds in the car industry by boosting revenue and attaining record profitability in 2024 thanks to the success of its new line up of vehicles, although net profit sank as it scaled back its partnership with Nissan. However net profit sank to 800 million euros due to a 1.5-billion-euro loss it booked on the sale of Nissan shares.
Japan's trade minister arranging US trip: reports
Japan's trade minister is arranging a visit to the United States in coming weeks to seek exemptions from President Donald Trump's tariffs, local media said Thursday. Vehicles represented 28 percent of all Japan's exports to the United States last year.
Eyeing China and US, EU hopes clean tech boost will spark growth
How do you solve Europe's lagging economic growth and reverse its industrial decline? Europe's answer to bring its economy back to life is a battery of measures to be announced next week including boosting its clean tech sector and supporting energy-intensive industries by slashing red tape and costs.
Trump considering 'alternatives' to Boeing for Air Force One contract
Donald Trump said Thursday his administration was "looking at alternatives" to Boeing following delays in delivering two new models of the US presidential Air Force One plane. "We're looking at alternatives because it's taking Boeing too long."
Lights out for Indonesia civil servants as Prabowo cuts budgets
From office lights switched off to out-of-service lifts, Indonesian civil servants are feeling the pinch after President Prabowo Subianto ordered sweeping budget cuts across government that he said will fund his big-ticket campaign pledges. But the cuts are also likely to free up funds for Prabowo's ambitious campaign pledges.
Asian markets drop as Fed flags concern over Trump policies
Asian markets turned negative Thursday amid Federal Reserve concerns that US President Donald Trump's tariffs and immigration measures could reignite inflation. The remarks come after a number of economists warned that the Republican's pledge to ramp up tariffs on trade partners while slashing taxes, regulations and immigration could fan inflation.
AFP
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