Italy seeks talks with Pirelli investors amid dispute over Chinese influence

The Italian government is preparing to hold discussions with representatives of Pirelli and its major investors as authorities examine concerns surrounding foreign influence within one of the country’s most prominent industrial groups. According to officials familiar with the matter, the talks are expected to involve the company’s......

China releases fertilizer reserves as Strait of Hormuz crisis disrupts supply

China has begun releasing nearly 10 million tons of fertilizer from its national reserves while boosting domestic production to record levels as the closure of the Strait of Hormuz enters its third week, threatening global agricultural supply chains at the start of the Northern Hemisphere’s spring planting season. The intervention marks......

China urges US to halt new arms sales to Taiwan ahead of Trump visit

China has renewed its opposition to potential new arms sales by the United States to Taiwan, warning that such actions could undermine regional stability and harm relations between the two global powers. Speaking in Beijing on Friday, Chinese Foreign Ministry spokesperson Guo Jiakun reiterated that Washington should respect the long-standing......

China and Vietnam to launch first “3+3” ministerial strategic dialogue

China and Vietnam are set to hold their first joint meeting bringing together ministers responsible for foreign affairs, defense, and internal security, marking a new step in the strategic relationship between the two neighboring countries. The meeting, scheduled to take place in Vietnam next week, will introduce the so-called “3+3”......

Asian stock markets fall as Iran conflict keeps oil near $100

Asian equity markets declined on Friday as crude oil prices hovered close to $100 a barrel, intensifying concerns that the conflict involving Iran could disrupt global energy supplies for an extended period. The selloff followed losses on Wall Street, where the S&P 500 fell 1.5 percent on Thursday to its lowest level since November. Major......

Iran warns oil could reach $200 as attacks disrupt shipping in Hormuz

Iran’s military leadership warned that global oil prices could surge to $200 per barrel as Iranian forces intensified attacks on commercial shipping near the Strait of Hormuz, escalating a maritime crisis that threatens one of the world’s most critical energy routes. Ebrahim Zolfaqari, spokesperson for Iran’s Khatam al-Anbiya......

Asian markets slide as oil surge drives global stock selloff

Global stock markets extended their decline on March 11 and 12 as surging oil prices and renewed geopolitical tensions linked to the conflict with Iran revived fears of persistent inflation, weakening expectations for interest rate cuts and pushing investors toward safe haven assets. On Wall Street, the Dow Jones Industrial Average fell 289......

BMW forecasts lower profits in 2026 as tariffs pressure margins

BMW warned that profits will decline in 2026 as higher tariffs, currency shifts, and rising costs weigh on the German luxury carmaker’s profitability, even as the company bets on its next generation of electric vehicles to drive long term growth. Speaking at its annual conference in Munich, the company said it expects a moderate decline......

China and North Korea to resume direct Beijing–Pyongyang rail link

China and North Korea are preparing to restore a direct railway connection linking their capitals, Beijing and Pyongyang, after a suspension that lasted several years. The reopening of the route signals renewed engagement between the two neighboring countries and could help revive travel and economic exchanges. According to information released......

ISS deorbit scheduled to begin in 2028 before planned 2030 ocean descent

The International Space Station will begin a gradual descent from orbit in 2028 before making a controlled plunge into the ocean in 2030, according to Roscosmos chief Dmitry Bakanov. The timeline confirms plans long discussed between Russia and NASA as the two agencies prepare to retire the aging orbital laboratory after nearly three decades......

Volkswagen plans 50,000 job cuts in Germany as profits plunge

Volkswagen plans to eliminate about 50,000 jobs in Germany by 2030 as the automaker accelerates restructuring efforts following a sharp decline in annual profits. The announcement came as the company reported earnings at their lowest level since the 2016 diesel emissions scandal. Chief executive Oliver Blume outlined the plan in a letter......

Mercedes-Benz denies report of China electric platform built with Geely technology

Mercedes-Benz has rejected reports that it is developing a new electric vehicle platform in China based on technology from its partner Geely Auto, calling the claim inaccurate and fabricated. The report, first published on March 4 by Chinese business outlet 36Kr and later circulated across international automotive media, described a project......

Porsche operating profit collapses after costly retreat from electric strategy

Porsche’s operating profit plunged by 98 percent in 2025, falling to just 90 million euros from 5.3 billion euros a year earlier after billions of euros in charges tied to a major shift away from its all electric vehicle strategy wiped out nearly all earnings. The results, released Tuesday as part of Volkswagen’s annual report,......

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