BUSINESS

US President Donald Trump moved Tuesday to soften the blow from the 25-percent tariffs that he imposed on car imports earlier this month

More Automakers Drop Earnings Guidance Over Tariffs

Germany's Mercedes-Benz and US-European group Stellantis, whose brands include Jeep, Peugeot and Fiat, joined other automakers Wednesday in suspending their annual financial guidance because of uncertainty over US tariffs.
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Equity markets started the week on a mixed note

Stock Markets Mostly Rise Amid Trade Talk Hopes

Stocks mostly rose on Monday as investors welcomed the absence of further trade war escalation over the weekend and as countries seek to temper US President Donald Trump's tariffs.
Executives at Silicon Valley chip maker Intel say 'fluid' US trade policies and regulatory moves have increased the chances of economic slowdown

Intel Chief Vows To Thin Ranks At US Chip Maker

New Intel chief executive Lip-Bu Tan on Thursday announced upcoming layoffs at the struggling US chip maker as White House tariffs and export restrictions muddy the market.
An electronic board shows the Nikkei 225 index on the Tokyo Stock Exchange at an office building in Tokyo

Stock Markets Rise On Hopes Of Easing Trade Tensions

Asian and European stocks climbed on Friday, buoyed by a rally on Wall Street, strong earnings from Google parent Alphabet, and hopes of diffusing tensions in US President Donald Trump's trade war.
Trump has defended Tesla but the company's sales have fallen

Tesla's EU Sales Plunge As Musk Takes Flak

Tesla electric car sales in Europe plunged in the first three months of the year, industry data showed Thursday, in a fresh blow to its boss Elon Musk who has been criticised for his work in US President Donald Trump's administration.
WASHINGTON, DC - MARCH 11: X Æ A-Xii, the son of White House Senior Advisor, Tesla and SpaceX CEO Elon Musk, plays with a toy car as Musk and U.S. President Donald Trump speak alongside a Tesla Model Y and a Cyber Truck on the South Lawn of the White Hous

Musk To Reduce White House Role As Tesla Profits Plunge

Elon Musk will significantly scale back his Trump administration work in May to focus on Tesla, the billionaire announced Tuesday as the electric vehicle maker reported a 71 percent drop in first-quarter profits.
Anzac Day ceremonies for war veterans were held behind closed doors in Australia and New Zealand

Anzac Day Retail Hours: What Stores Are Open And Closed Across Australia

Woolworths stores will be closed in NSW, Queensland, South Australia, and Perth. In Victoria, the Northern Territory, and the ACT, they will open at 1:00 p.m. Tasmania stores will open at 12:30 p.m., and regional WA stores will open at either 12:00 p.m. or 1:00 p.m.
Klaus Schwab was the driving force behind the World Economic Forum becoming an annual gathering of the world's rich and powerful

Davos Meet Founder Klaus Schwab Steps Down From WEF Board

The World Economic Forum said on Monday that its founder Klaus Schwab has stepped down from the board, turning a page in the history of the organisation that hosts the annual meeting of wealthy, famous and influential global elites at the luxury Swiss ski resort of Davos.
Purple-petaled Flowers Centerpiece. Representational Image.

Easter Weekend Store Closures: What's Open And Closed Across Australia?

Woolworths has confirmed that most of its stores across Australia will shut on Good Friday. Coles supermarkets will be closed across the country on Good Friday. Kmart and Target will also shut all their stores nationwide for the day. Bunnings, Aldi, and all Westfield shopping centres will be closed on Good Friday as well.
Carmakers rallied on hopes for a reprive from Donald Trump's 25 percent tariffs on auto imports

Auto Shares Surge On Tariff Reprieve Hopes

Stock markets rose Tuesday as auto firms were boosted by US President Donald Trump's suggestion of flexibility over steep tariffs on the sector.

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