The Bank of England is focused on the potential U.K. growth shock from U.S. tariffs if there is a slowdown in global trade, the central bank's governor Andrew Bailey said Thursday."We're certainly quite focused on the growth shock," Bailey told CNBC's Sara Eisen in an interview at the IMF-World...
A guest wears white shirt, brown pants, brown suede jacket and brown Hermes bag with a green and white silk neck scarf outside the Hermes fashion show during the Womenswear Fall/Winter 2025/2026 as part of Paris Fashion Week on March 08, 2025 in Paris, France. Raimonda Kulikauskiene | Getty...
In this photo illustration, a double exposure images shows U.S. President Donald Trump against the EU flag.Sopa Images | Lightrocket | Getty ImagesThe European Union will pause the adoption of its retaliatory tariffs on a swathe of U.S. goods for 90 days, European Commission President Ursula von der Leyen...
LONDON — Some investors are expressing a growing optimism about the U.K.'s economic outlook despite the country's long-standing structural weaknesses, as its neighbors in the European Union deepen their trade dispute with the United States.That upbeat tone wasn't reflected in the messaging of the Bank of England, as it...
In an aerial view, a Volkswagen assembly plant is seen on April 19, 2024 in Chattanooga, Tennessee.Elijah Nouvelage | Getty Images News | Getty ImagesPorsche's CEO Oliver Blume on Wednesday said the company could lean into its partnership with Volkswagen — which has its own U.S. manufacturing base —...
German airline group Lufthansa is hopeful that the new U.S. administration will support Boeing in overcoming issues that have led to industry-wide delivery delays, CEO Carsten Spohr said Thursday.The company expects 2025 will be the year when it starts to recieve aircraft for which it has been "waiting for...
The European Central Bank is expected to cut interest rates for the second time this year at its Thursday meeting, but disagreement among policymakers may be set to increase amid tariff uncertainty and a potential ramp-up in regional defense spending.Markets had on Wednesday fully priced in a quarter-point rate...
Maersk shares jumped more than 10% after the shipping giant posted better-than-expected fourth-quarter results on Thursday, putting shares on course for their best daily performance since 2016. Earnings before interest, depreciation, taxes and amortization (EBITDA) rose 26% to $12.13 billion in the full-year stretch and came in at $3.6...
Sweden's Volvo Cars on Thursday reported a 12% rise in full-year operating income and record revenue, but warned of severe market challenges ahead from intensifying electric vehicle competition and global tariffs.The automaker, which is majority-owned by China's Geely Holding, said operating income came in at 22.3 billion Swedish kronor ($2.04...
U.S. President Donald Trump this weekend announced hefty tariffs on his country's three biggest trading partners, leaving investors scrambling to position themselves for a global trade war.Canada and Mexico face 25% duties on their exports to the U.S., with a lower 10% levy imposed on Chinese goods. Canada has...