Mercedes-Benz Group reported a sharp decline in earnings for 2025, as global tariffs and mounting competition in China weighed heavily on the German luxury carmaker’s performance. The Stuttgart-based manufacturer said its group earnings before interest and taxes fell 57 percent to 5.8 billion......
China signaled on Wednesday that it could open investigations into French wine or impose reciprocal tariffs on European Union goods if France continues to advocate for sweeping trade measures against Chinese products, according to Yuyuan Tantian, a social media account affiliated with state broadcaster......
Tesla has lodged a criminal complaint against a member of Germany’s IG Metall union after he was caught secretly recording a works council meeting at the company’s Grünheide plant near Berlin, according to an internal staff memo reviewed by Reuters. The incident marks a new escalation......
Dutch brewing giant Heineken has announced plans to eliminate between 5,000 and 6,000 jobs over the next two years as part of a large-scale cost-cutting and productivity drive. The company said the decision comes amid challenging market conditions and declining beer sales. In a statement, Heineken said......
Europe must urgently reduce its reliance on US payment giants Visa and Mastercard, the head of the European Payments Initiative has warned, as officials grow increasingly concerned that American-controlled financial infrastructure could be used as leverage amid worsening transatlantic relations. Martina......
A closer look at the world’s largest economies reveals a fascinating paradox: the biggest countries by GDP do not always host the largest companies by market value. In some cases, a single corporation can rival or even surpass the economic output of entire nations. For instance, the United States,......
Europe's reliance on liquefied natural gas from the United States and Russia surged to nearly 80 percent in January 2026, per Kpler analytics data, alarming European officials over the bloc's failure to diversify suppliers despite years of post-Ukraine invasion efforts. The United States accounted......
European stock markets held steady Thursday as investors digested mixed corporate earnings and braced for policy decisions from two major central banks later in the day. The pan-European STOXX 600 hovered around 618 points early in the session, near the record from the previous close. Germany's......
A 36-year-old train conductor has died in Germany after being violently assaulted by a passenger traveling without a valid ticket, the national railway operator Deutsche Bahn confirmed on Wednesday. The incident occurred earlier in the week near the town of Landstuhl, in western Germany, when the conductor......
China holds the top position among nations with the largest foreign exchange reserves, according to recent data from global financial rankings. The country boasts reserves exceeding $3 trillion, a figure that significantly outpaces its closest competitors and underscores its economic dominance on the......
European stocks climbed on Friday, capping off their strongest January rally in years as robust earnings from Adidas and Swatch bolstered investor confidence amid lingering concerns over geopolitical tensions and U.S. trade policies. The pan-European STOXX 600 index rose in early trading and headed......
Adidas, the German sportswear giant, has unveiled plans to repurchase up to 1 billion euros ($1.2 billion) of its own shares in 2026. This move follows a stellar close to 2025, marked by record annual revenues. The program, set to kick off in early February, will draw from anticipated cash flows and......
Siemens AG has overtaken SAP SE to become Germany's most valuable listed company, following a steep sell-off in the software giant's shares triggered by investor disappointment over its 2026 cloud outlook. SAP's stock plunged as much as 17 percent in session trading, trimming its market capitalization......
