Business and Economy

Business and Economy Latest News

Adidas hikes profit forecast as contains US tariff impact
Adidas hikes profit forecast as contains US tariff impact
by  AFP

German sportswear giant Adidas on Tuesday raised its 2025 earnings forecast after posting record third-quarter sales and saying it had limited the impact from US tariffs. He praised the company's teams for achieving record revenue in the third quarter.

Dodging Trump's tariffs, Brazil's Embraer lands record orders
Dodging Trump's tariffs, Brazil's Embraer lands record orders
by  AFP

Brazilian aircraft manufacturer Embraer on Tuesday reported a record order backlog in the third quarter of $31.3 billion after dodging the worst of US tariffs. The world's third-largest aircraft manufacturer hailed an "unprecedented high" in orders led by the commercial aviation sector with a backlog of 490 aircraft.

GM shares soar on better tariff outlook and EV backpedal
GM shares soar on better tariff outlook and EV backpedal
by  AFP

General Motors shares soared Tuesday after reporting strong results as it adjusts strategy over US President Donald Trump's tariffs and slashing of economic support for electric vehicles. On Tuesday, she thanked "the President and his team" for adjusting tariff policies, including a shift on Friday that lets the company offset some of the costs of tariffs on imported parts through 2030.

Energy

Money

Industry

Technology

Economy