Tesla’s new car registrations in Britain and Germany plunged to their lowest levels in over two years last month—even as overall electric-vehicle (EV) demand in both markets continued to climb. In April, Tesla sold just 512 vehicles in the U.K.—a 62 percent drop from 1,352 in the same month a year earlier—while German deliveries fell…
A shifting transatlantic landscape and the brutal realities of Russia’s invasion of Ukraine are driving Europe’s defence industry into a high-stakes talent war for artificial-intelligence experts. Where once top AI engineers looked to Silicon Valley, today many are arriving—or returning—to work on Europe’s cutting-edge battlefield systems. Industry leaders, start-up founders and recruits point to U.S.…
Starbucks’ ambitious turnaround has hit turbulence, as the global coffee chain grappled with a fourth consecutive quarter of same-store sales declines and shrinking profit margins. Despite bold promises from CEO Brian Niccol and a high-profile “Back to Starbucks” initiative, the company’s performance fell short of investor expectations. A confluence of factors—from inflated prices and menu…
Volvo Cars today announced an ambitious SEK 18 billion (approximately $1.87 billion) “cost and cash action plan” and simultaneously scrapped its financial outlook for both 2025 and 2026, after reporting a sharp collapse in first‐quarter profit amid weakening sales, mounting price pressure and rising trade‐policy headwinds. The Chinese‐owned Swedish automaker posted an operating profit of…
Seven & I Holdings, the parent of the 7-Eleven convenience chain, has signaled a major shift in strategy to offset the growing burden of U.S. import tariffs, warning that the chain’s roughly 12,000 North American stores will need to drive deep cost efficiencies and retool their supply networks to weather what incoming CEO Stephen Dacus…
Huawei’s newest Ascend 910D AI chip, designed to challenge Nvidia’s leading H100 processor, is entering its testing phase as Huawei seeks to close the performance gap and capitalize on U.S. export restrictions that have hampered its American rival. The Shenzhen-based company has begun distributing sample units of the Ascend 910D to select domestic technology partners,…
Procter & Gamble estimates that U.S. import duties on Chinese inputs will increase its cost of goods sold by approximately $1 billion to $1.5 billion over the coming year. Though China accounts for just over 10 percent of P&G’s total import exposure, levies as high as 145 percent on selected raw materials and packaging components…
Intel reported adjusted first-quarter earnings of $0.13 per share but posted a net loss of $821 million, missing investor expectations and triggering a near 10 percent intraday stock decline as concerns over trade-related headwinds mounted. Despite beating consensus on quarterly sales—$12.7 billion versus $12.3 billion forecast—CFO David Zinsner warned that fluid trade policies, escalating tariffs,…
Toyota Chairman Akio Toyoda’s proposal to acquire Toyota Industries for ¥6 trillion represents a strategic bid to streamline the automaker’s famously intricate cross-shareholding structure and consolidate decision-making authority within the Toyota Group. By folding its largest subsidiary—one that holds a 9.1 percent stake in Toyota itself—into the parent company, Toyota would eliminate layers of intercompany…
South Korea’s SK Hynix stunned markets by reporting a first-quarter operating profit surge of 158%, underscoring the explosive demand for memory chips driven by artificial intelligence. While revenue climbed 42% year-on-year to 17.64 trillion won and operating profit topped estimates at 7.44 trillion won, a closer look at sequential trends and external risks suggests the…
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