Business
BMW profits slump on China woes, US tariffs
BMW said on Thursday (Jul 31) its profits slumped by a third in the second quarter as the German premium carmaker was hit hard by falling…
Tag
Slump
Culture
4 Reasons Why ‘Fantastic Four’ Ended Marvel’s Box Office Slump
“The Fantastic Four: First Steps” achieved a truly heroic feat over the weekend, snapping an unprecedented cold streak for Marvel Studios.…
Business
Deutsche Bank beats profit expectations despite deal slump, strong euro
Deutsche Bank returned to a better-than-expected profit in the second quarter from a loss a year ago as trading earnings helped offset…
Business
Thailand’s tourism slump and household debt weigh on its lenders
Thailand’s banks are grappling with weak lending amid high household debt, slowing tourism and sluggish consumer spending that risk…
News
Porsche plans more cost cuts to counter tariffs, China slump
It will start negotiations on additional reductions in the second half of this year [Stuttgart] Porsche warned its employees to brace for…
Business
Tesla short sellers set to pocket about US$1.4 billion in profits after stock slump
Tesla’s shares fell 7.5% at US$291.50, having lost more than 21% so far this year Traders are set to make about US$1.4 billion in paper…
Business
Tesla reports lower car sales, extending slump
Tesla reported another hefty drop in auto sales on Wednesday, extending a difficult period amid intensifying electric vehicle competition…
Business
Thailand’s Minor International leans on Europe to weather country's tourism slump
Thailand’s flagging tourism sector, weighed down by a sharp drop in Chinese tourist arrivals, is hurting local hotel operators but the…
Business
Swiss watch exports slump in May as US tariffs shake market
Asia exports slump as shipments to China, Japan and Hong Kong plunge by double digits in latest data Swiss watch exports dropped by almost…
Business
Malaysia’s Petronas to cut more than 5,000 jobs after profits slump
The state-owned oil firm will also freeze promotions and hiring until December 2026 — The company will reduce headcount by more than 5,000…
Business
Tesla’s China shipments extend slump, bucking broader sales boom
Tesla’s vehicle shipments from its China factory fell for an eighth straight month, extending a global sales slump as chief executive…
Business
Aramco CEO will keep borrowing even as oil slump cuts cashflow
Saudi Aramco is targeting more borrowings to finance growth and better leverage its balance sheet, chief executive officer Amin Nasser…
Business
Aramco will keep borrowing, CEO says, as oil slump cuts cashflow
Saudi Aramco is targeting more borrowings to finance growth and better leverage its balance sheet, chief executive officer Amin Nasser…
Business
Nvidia gives solid forecast, even as China slump mars growth
Nvidia, the world’s most valuable chipmaker, gave an upbeat revenue forecast for the current period, even as a slowdown in China weighed…
Lifestyle
Low-cost carriers hit hardest by US travel demand slump
A slump in travel demand due to President Donald Trump’s trade war has left all US airlines reeling, but the pain is most acute at budget…
Culture
Volvo Cars sales fall 11% in April as fully electric cars slump
Volvo Cars reported on Monday (May 5) an 11 per cent decrease in April sales to 58,881 cars from a year earlier, sending its shares down.…
Business
Biggest US dollar slump since 2022 hints at more losses ahead
The US dollar posted its worst month since 2022 after global investors cut back on US assets, with options markets still flashing warning…
Business
Swiss Watch Exports Return to Growth As China Slump Slows In March
PARIS — Is it the inflection point for Swiss watches? Exports in March grew by 1.5 percent in value to 2.1 billion Swiss francs despite a…
News
Russian oil shipments shift to western tankers as prices slump
A slump in oil prices is allowing Russia’s crude to be carried on tankers owned and insured by western companies, helping tighten the…
Business
Chinese tea chain Chagee launches US IPO, defying stock slump
Chagee Holdings, a Chinese bubble tea chain, is seeking to raise US$411 million in an initial public offering (IPO) in the US, despite…
Business
Semiconductor, shipbuilding shares in Singapore slump on heat from Trump tariffs; glovemakers mixed
Stocks in certain industries listed in Singapore suffered hits of varying severity on Friday (April 4) following US President Donald…
Business
Europe: Shares slump as investors grapple with tariff fallout
EUROPEAN shares tumbled on Thursday, notching their biggest daily loss in eight months, on fears an escalating trade war would slam the…
Business
Stock slump deepens, bonds rise as traders de-risk
Global stocks sold off for a fourth day ahead of US President Donald Trump unveiling a fresh round of tariffs... Source link
Business
NXP gives disappointing sales forecast as chip slump persists
NXP and its peers have been struggling with a stubborn glut of chips that help power electric cars and manufacturing operations NXP…