Business and Economy

Business and Economy Latest News

EU holds auto talks to revive embattled car sector
EU holds auto talks to revive embattled car sector
by  AFP

EU talks to relaunch Europe's embattled car industry are to get underway on Thursday, with automotive CEOs awaited in Brussels to discuss fines and competition from China. The car industry in particular has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles (EV) and increased competition from China.

ECB to look past Trump risk and push on with rate cuts
ECB to look past Trump risk and push on with rate cuts
by  AFP

Despite US President Donald Trump's sabre-rattling, the European Central Bank is set to press on with interest rate cuts Thursday as officials increasingly voice confidence that the fight against inflation is on track. Felix Schmidt from Berenberg Bank was among economists predicting a fresh rate cut by the ECB Thursday, believing that inflation will ease in 2025.

Asian markets diverge in thin trade, with AI impact in focus
Asian markets diverge in thin trade, with AI impact in focus
by  AFP

Asian equities were mixed in another holiday-thinned trading day Thursday, with investors digesting broadly positive tech earnings that came days after the upheaval caused by China's DeepSeek explosion onto the global AI scene. The DeepSeek news provided an extra facet to the current earnings season, with focus on how US tech giants will react.

Energy

Money

Industry

Technology

Economy