Adidas vs. Puma: how a sibling split in a small German town gave birth to a longstanding rivalry
When Puma announced on Thursday that former Adidas sales chief Arthur Hoeld would become its new CEO, replacing Arne Freundt…
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector…
China retaliates with 34% tariff on US goods, stock futures take a dive
China announced a 34% tariff on American imports, mirroring US President Donald Trump’s latest duties on Chinese goods announced earlier…
Analysis: What does OPEC’s supply increase means for oil prices?
The surprising decision of the Organization of the Petroleum Exporting Countries and allies to increase oil production by a hefty…
From Ford’s employee pricing discounts to Stellantis’ plant shutdowns, auto tariffs jolt carmakers into action
The 25% tariffs on imported cars that came into effect on Thursday have shaken the global automobile industry, forcing major…
Oil prices sink to over 4-year low on tariffs concerns; OPEC+ in a pickle?
Oil prices fell to their lowest levels in over four years on Friday after China imposed retaliatory tariffs in response…
March jobs report: 228,000 added, but unemployment climbs to 4.2%
The US labor market continued to show resilience in March, adding more jobs than expected. However, a slight uptick in…
‘China played it wrong’: President Trump on tariff retaliation
President Donald Trump vowed Friday that his economic policies “will never change” and lashed out at China for retaliating against…
US wealth inequality hits new high as top 10% now own 71.2% of nation’s wealth
The United States is facing a deepening economic divide, with wealth becoming increasingly concentrated in the hands of a small…
Lower oil prices cloud US output as OPEC surprises with May production hike
The plunge in oil prices on Friday presented a different layer of complexity for the Organization of the Petroleum Exporting…