Volkswagen reported a 15% decline in yearly operating profit, attributing the drop to rising costs and restructuring-related expenses. The German automaker posted sales of 324.7 billion euros ($352.8 billion) for 2024, a slight increase from 322.3 billion euros the previous year. Despite the profit decline, Volkswagen expects sales revenue to grow by up to 5% […]
Equities are experiencing a significant sell-off as uncertainty driven by President Donald Trump’s policies raises economic concerns. The S&P 500 and Dow Jones Industrial Average both posted sharp losses this week, with analysts pointing to fears of potential trade wars and regulatory changes. “The market is responding to the unpredictability of Trump’s policies,” said a […]
China has launched a $41 billion plan to stimulate domestic consumption, as part of efforts to revitalize its economy amid slowing growth. The plan includes subsidies for consumer goods, tax incentives for businesses, and investments in infrastructure to support retail and e-commerce sectors. “This is a critical step in our strategy to boost domestic demand,” […]
The era of cheap palm oil is coming to an end as production drops and demand for biodiesel soars. Industry reports indicate that palm oil output in major producing countries like Indonesia and Malaysia has declined due to unfavorable weather and labor shortages. Meanwhile, global demand for biodiesel, which relies heavily on palm oil, has […]
China’s stock market fell on Wednesday as weak inflation data raised concerns about slowing economic growth, while other Asian markets showed mixed performance amid worries over potential tariffs. The Shanghai Composite dropped 1.2% after China’s consumer price index (CPI) rose by just 0.8% year-over-year in February, below market expectations. “The weak inflation print suggests that […]
Bitcoin faced heightened volatility on Monday, falling by 5% to $85,000, after former President Donald Trump proposed a U.S. strategic Bitcoin reserve plan. The announcement has divided the crypto community, with some praising the move as a step toward mainstream adoption and others warning of potential regulatory risks. “The market is reacting to the uncertainty […]
Bitcoin and Ethereum posted gains in early 2025, while smaller cryptocurrencies faced significant volatility amid ongoing regulatory challenges. Bitcoin rose by 3% to 90,000, and Ethereum climbed 23,000. However, altcoins like Solana and Cardano dropped by 8% and 6%, respectively. Analysts say the mixed performance reflects growing concerns over potential regulatory crackdowns. “Smaller projects are more […]
China reported strong export growth in the first two months of 2025, with exports rising by 12% year-over-year. Imports also showed steady growth, increasing by 8%, according to data released on Thursday. The export surge was driven by strong demand for Chinese electronics, machinery, and consumer goods. Analysts credit China’s competitive pricing and improving global […]
President Donald Trump has pointed the finger at globalists for the recent stock market decline, accusing them of prioritizing foreign interests over American economic stability. In a statement on Wednesday, Trump claimed that globalist policies are responsible for the market’s volatility. “The globalists are putting America last, and it’s hurting our economy,” Trump said. “We […]
The trade dispute between the United States and China has intensified, with Beijing expressing its readiness to confront any form of conflict resulting from recent U.S. tariff hikes. President Donald Trump’s administration increased tariffs on Chinese imports, citing the need to address the flow of fentanyl into the U.S., a claim China disputes. Chinese Foreign […]