Toyota Motor Corporation has warned that the ongoing Iran war could wipe roughly $4.3 billion from its earnings this fiscal year, making it one of the clearest signs yet that the conflict is spreading beyond energy markets and into global manufacturing.
Walt Disney exceeded Wall Street expectations in its latest quarterly earnings report, driven by strong growth in streaming and steady performance from its theme parks business, as CEO Josh D’Amaro outlined an aggressive strategy focused on technology, live sports, and consumer engagement.
Chinese automaker Geely has reportedly acquired part of a vehicle assembly facility from Ford Motor in Spain, marking a significant step in its push to establish a manufacturing foothold inside Europe. The deal, centered on Ford’s Almussafes plant in Valencia, signals a broader shift in how Chinese carmakers are expanding globally.
Chinese artificial intelligence startup DeepSeek is preparing for its first-ever external fundraising round, and the numbers being discussed signal a dramatic shift in both its strategy and its global standing. The company could be valued at as much as $50 billion, according to multiple sources familiar with the negotiations, marking one of the largest initial funding rounds in the AI sector.
Nissan has announced it will cut around 900 jobs across Europe as part of a wider global restructuring plan, marking one of its most significant workforce reductions in the region in recent years. The decision reflects mounting financial pressure on the automaker as it attempts to restore profitability and streamline its operations. The job cuts,…
Major global publishers have filed a sweeping lawsuit against Meta Platforms, accusing the tech giant of illegally using copyrighted books and academic materials to train its artificial intelligence systems—marking a significant escalation in the legal battle over how AI models are built.
The European Union is pressing the United States to stick to its existing tariff commitments under a fragile transatlantic trade deal, warning that any deviation risks triggering a new economic conflict just as the agreement approaches a critical milestone.
The United Arab Emirates (UAE) has confirmed that it is in discussions with the United States over establishing a currency swap line, a move that highlights deepening financial coordination between two major global economies.
The AI company Anthropic has agreed to form a $1.5 billion joint venture with major Wall Street players including Blackstone and Goldman Sachs, marking one of the most significant crossovers between artificial intelligence and traditional finance in 2026.
New car sales for Tesla in Spain plunged 47.3% year-on-year in April, a sharp decline that is raising fresh concerns about the company’s competitive position in key European markets despite broader growth in electric vehicle demand. According to data from Spain’s automotive industry group ANFAC, Tesla registered just 301 vehicles in April, down nearly half…
