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BP has embarked on a plan to find $2 billion in cost savings and last month axed 4,700 staff jobs, or five percent of its workforce

BP Pledges Strategic 'Reset' As Profit Tumbles

Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to "fundamentally reset" its strategy.
AFP news Feb 12, 2025
For the full year 2024, Amazon's net income jumped to $59.2 billion from $30.4 billion in 2023

Amazon Profits Double, But Cautious Outlook Disappoints

E-commerce giant Amazon reported Thursday its fourth-quarter net income nearly doubled to $20 billion, driven by strong holiday sales, but its outlook for the coming quarter came in less than hoped for by analysts.
AFP news Feb 08, 2025
The discussions unravelled after Honda proposed to make its struggling rival a subsidiary

Honda-Nissan Merger Talks 'Basically Over': Source

Nissan's board is in the process of abandoning merger talks with Honda and could be open to other partners, a source close to the matter told AFP on Thursday and local media reported.
AFP news Feb 07, 2025
Shein was founded in China in 2012 and is now headquartered in Singapore

EU Quizzes Shein Over 'Illegal' Products

The EU on Thursday told online fashion giant Shein to hand over information on risks linked to illegal products on its site, paving the way for a second probe into the Chinese-founded firm.
AFP news Feb 07, 2025
Shein and Temu are suspected by Brussels of not doing enough to prevent the sale of products that do not meet European standards

EU Seeks New Import Fee On E-commerce Packages

The European Commission announced Wednesday it would seek to impose new fees on e-commerce imports, as part of efforts to tackle a surge of "harmful" products into the bloc -- the bulk of them from China.
AFP news Feb 06, 2025
Shares in ecommerce firms fell in Hong Kong after the US Postal Service suspended inbound parcels from the city and China

Stock Markets Stutter As Traders Weigh China-US Trade Flare-up

Equity markets stumbled Wednesday and gold hit a new record as investors kept tabs on China and the United States after they exchanged tariffs, sparking fears of another debilitating trade war between the economic superpowers.
AFP news Feb 05, 2025
The dollar has surged against its peers after Donald Trump signed off on the hefty tariffs

Stock Markets Sink, Dollar Rallies As Trump Imposes Tariffs

Stock markets slumped, the dollar rallied and oil prices rose Monday as US President Donald Trump eyed more tariffs after launching trade wars with Canada, China and Mexico, heaping pressure on the global economy.
AFP news Feb 04, 2025
Consumer prices were up from 2.4 percent in December 2024, slightly disappointing analysts' expectations

Eurozone Inflation Edges Up In January To 2.5%

Eurozone inflation ticked up slightly in January to 2.5 percent, edging higher for a fourth consecutive month driven by energy price increases, official data showed on Monday.
AFP news Feb 04, 2025
The Mexican peso has come under pressuer against the dollar after Donald Trump said he would impose stiff tariffs on imports from the country

Stock Markets Close Out Turbulent Week With Gains

European and Asian stock markets mostly rose Friday, the end of a week beset by volatility after China's DeepSeek unveiled an artificial intelligence model to rival those of US tech giants.
AFP news Feb 01, 2025

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