Author: staff

Luxury carmaker Ferrari reported strong earnings on Tuesday with net profit rising to more than €1.5 million last year. The Italian group said in a press release on its website that its net profit for 2024 came in at €1,526 million, while its operating profit came in at €1,888 million, up 16.7% versus the prior year.”Quality of revenues over volumes: I believe this best explains our outstanding financial results in 2024, thanks to a strong product mix and a growing demand for personalisations,” a Ferrari press release said.The company also said it expects further robust growth in 2025, that will…

Trump announced Monday that he was “looking to do a deal with Ukraine” in which the U.S. would provide military aid for the war against Russian President Vladimir Putin in exchange for Ukraine’s “rare earths.” “We’re investing hundreds of billions of dollars. They have great rare earths, and I want security of the rare earths,” he said in Washington, adding that Ukraine is “willing to do it.” Ukraine has strategic reserves of titanium, lithium, graphite and uranium, which is crucial for its future economic stability and potentially part of the calculus in balancing immediate aid with long-term sovereignty over its…

Diageo plc could be severely impacted by an escalating trade war in North America, as the market is currently its biggest source of net sales. UK drinks maker Diageo plc announced its financial year 2025 interim results for the half year ended 31 December 2024 on Tuesday, taking back its medium-term sales guidance amid increasing US tariff uncertainty.The company has revealed that if the tariffs threatened by US president Donald Trump against Canada and Mexico come into effect, its profits could plunge by about $200 million (€193.7m) in the second half of 2025. Diageo plc’s share price dropped 1.3% on Tuesday…

Sunak’s combination of “corporate financial expertise, technological fluency, and experience leading a G7 nation” makes him an “invaluable voice” for firms navigating a complex environment, Heil said of Sunak. Meanwhile, a bio uploaded by the firm puts an equally positive spin on Cameron’s record. The modernizing Tory PM – who served from 2010 to 2016 — had, the organization said, made Britain a “global leader” on international development and environmental stewardship. But it failed to mention his historic role as the reluctant architect of the U.K.’s Brexit vote, a referendum that cost him his job. After years in the wilderness,…

“This is an extremely bad budget,” the 29-year-old said. The National Rally faces a strategic dilemma: While a slim majority of its voters favor ousting Bayrou, according to a Jan. 31 poll from Harris Interactive, center-right voters — which the far right is courting as part of its push to bring the party into the mainstream — strongly oppose it. Bardella described the no-confidence vote as an institutional “nuclear weapon,” though his party voted for one in December to bring down Bayrou’s predecessor, Michel Barnier. However, Bardella claimed that this time around, torpedoing the government would have “heavier consequences.” Barring…

The AI Liability Directive was originally planned to be launched in parallel with the AI Act. Companies have been invited to engage with the European Parliament’s lawmaker steering rules for liability rules for artificial intelligence in an exercise designed to weigh the need for and possible extent of an upcoming directive.The Parliament’s rapporteur MEP Axel Voss (Germany/EPP) launched a consultation on Monday which will be open until 17 March. The European Commission proposed the AI Liability Directive in 2022 in a bid to modernise existing rules with new provisions covering harms caused by AI systems to ensure uniformity of protection.  Although the AI Act –…

The Euroskeptic Center Party quit the two-party coalition last week, leaving Prime Minister Jonas Gahr Støre’s center-left Labor Party to govern on its own. Stoltenberg will replace the outgoing finance minister Trygve Slagsvold Vedum, from the Center Party. Before becoming NATO chief, Stoltenberg served twice as Norway’s prime minister, 2000-2001 and 2005-2013. He also held the finance minister position in the 1990s. In his secretary-general role, Stoltenberg steered NATO through the tumultuous first administration of United States President Donald Trump from 2017 to 2021, earning the moniker “Trump whisperer” for convincing the U.S. president not to pull out of the transatlantic…

The polling is a long way out from a general election — which does not need to take place until August 2029 — and Reform’s lead is within the margin of error. POLITICO’s Poll of Polls has Labour and Reform level pegging at 25 percent each, with the Conservatives sitting on 22 percent. Nevertheless, the study will ring alarm bells in No.10 Downing Street, coming just months after Labour won a landslide majority with 33.7 percent of the vote. At the election, Reform UK came third on 14.3 percent. The results are also grim for Conservative leader Kemi Badenoch, who…

Sky News’ deputy political editor Sam Coates and Politico’s Anne McElvoy look at the day ahead in British politics. Overnight, Donald Trump decided to pause tariffs on Canada and Mexico but pressed ahead with imposing them on China. They’ve retaliated by putting tariffs on American gas, coal, oil and farming equipment. But what will the consequences be for the UK? Sam and Anne discuss how the UK maps out its position and ask if the UK could come out on top of this global shoot-out thanks to Brexit – and if a limited US trade deal could be on the…

As a way of wooing Washington, pressure is building within the EU to harden the bloc’s trade stance toward China. It’s a wager that taking on Trump’s biggest foe will keep Europe out of the tariff firing line. Just last week, EU trade chief Maroš Šefčovič floated the idea of teaming up with Washington to “deal with the joint challenges coming from China’s non-market policies.” It was the first time Brussels has explicitly linked its policy toward Beijing with an effort to keep Trump on side.  Despite Trump’s recent actions, there is still a preference in Brussels for sticking with…