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Mercedes to cut costs by 10% as profits dip amid a plunge in EV sales. ‘We are taking steps to make the company leaner, faster and stronger’ says CEO
Finance
Mercedes to cut costs by 10% as profits dip amid a plunge in EV sales. ‘We are taking steps to make the company leaner, faster and stronger’ says CEO
By Sam Reeves and AFPFebruary 20, 2025
Philips’ losses mount amid China slump and fallout from recall of faulty sleep machines
Finance
Philips’ losses mount amid China slump and fallout from recall of faulty sleep machines
By Stephanie Hamel and AFPFebruary 19, 2025
Armin Papperger, chief executive officer of Rheinmetall AG, during the Federation of German Industries (BDI) conference in Berlin, Germany, on Tuesday, June 25, 2024. Germany's business outlook declined for the first time in five months a sign that the gradual recovery in Europe's biggest economy faces headwinds.
Politics
Europe is stuck at the kids’ table in Ukraine peace talks—and it’s our own fault, says German defense chief
By Ryan HoggFebruary 18, 2025
people walking outside hermes store
Retail
Hermès’s stunning success raises the question: What’s everyone else in luxury doing wrong?
By Prarthana PrakashFebruary 14, 2025
Nestle and Sources Alma face investigations over French mineral water
Lifestyle
Nestle and Sources Alma face investigations over French mineral water
By AFPFebruary 14, 2025
Things are looking dire at Porsche, which will slash 1,900 jobs just weeks after two top executives suddenly left the company after reportedly fighting with their boss
Retail
Things are looking dire at Porsche, which will slash 1,900 jobs just weeks after two top executives suddenly left the company after reportedly fighting with their boss
By AFPFebruary 14, 2025
unilever ceo
Retail
Unilever warns of a ‘subdued’ start to 2025 as ice cream triple listing looms, knocking investor confidence
By Prarthana PrakashFebruary 13, 2025
Siemens reports a 52% jump in profits despite weak demand across most of the world
Finance
Siemens reports a 52% jump in profits despite weak demand across most of the world
By AFPFebruary 13, 2025
German steelmaker Thyssenkrupp narrows losses—but lowers 2025 expectations amid ‘growing global trade friction’
Finance
German steelmaker Thyssenkrupp narrows losses—but lowers 2025 expectations amid ‘growing global trade friction’
By AFPFebruary 13, 2025
Nestle sales exceed predictions but reports drop in profit—just months after CEO shakeup
Retail
Nestle sales exceed predictions but reports drop in profit—just months after CEO shakeup
By AFPFebruary 13, 2025
bottles of heineken and amstel
Retail
Heineken’s blockbuster results driven by premium beer and 0.0 drinks as European stocks reach record high
By Prarthana PrakashFebruary 12, 2025
A woman injects herself with medication.
Health
Ozempic, Wegovy maker calls out Hims & Hers Super Bowl ad: ‘Check before you inject’
By Lindsey LeakeFebruary 11, 2025
Francois-Henri Pinault poses with his wife Salma Hayek
Retail
Kering CEO not too concerned about the impact of tariffs as the Gucci owner says moving production to the U.S. ‘makes no sense’
By Prarthana PrakashFebruary 11, 2025
Jim Ratcliffe of Great Britain INEOS Founder And Chairman / during the Team INEOS - Press Conference / @IneosProCycling / on May 01, 2019 in Yorkshire, United Kingdom.
Leadership
Ineos in legal scrap with New Zealand Rugby team as Sir Jim Ratcliffe’s group blames high energy costs for trying to ‘adjust’ multimillion-dollar sponsorship
By Ryan HoggFebruary 11, 2025
a cat eating from a plate held by a lady
Retail
Exclusive: Nestlé is expanding its $20 billion ‘emotional’ pet foods as it homes in on its top-performing brands
By Prarthana PrakashFebruary 11, 2025
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