• Sun, February 2, 2025

by: Reuters

Asia automakers lead the decline as region takes a beating from Trump tariffs

Shares of Japanese and South Korean car makers and their suppliers led declines in Asia on Monday, as exporters across the region were walloped by U.S. President Donald Trump's introduction of sweeping tariffs on Mexico,

by: MSN

Do you need to file Taxes in 2025? Here's what to know about income and refunds

Filing taxes might seem like a chore, especially if you're not required to do so. However, there are compelling reasons to consider submitting a tax return, even when it's not mandatory.

by: Reuters

Porsche starts talks to end CFO, sales chief contracts

Porsche's supervisory board has started talks to end finance chief Lutz Meschke's and sales executive Detlev von Platen's contracts early, the German luxury carmaker said in a statement late on Saturday,

by: MSN

Deep Dive: What Elon Musk's All-In Bet on Trump Means for Tesla

This weekend's deep dive explores Elon Musk's high-stakes gamble on a Trump presidency and what it means for Tesla's future. From Musk's $131 million investment in Trump's campaign to the potential policy shifts that could impact Tesla's electric vehicles,
  • Mon, February 3, 2025

by: Indiatimes

Navigating Budget 2025: Implications for taxpayers and markets

Analysing Budget 2025 and how finance minister Nirmala Sitharaman's budget has had a fallout on markets; how can investors balance risks in evolving f

by: inc42

How AssetPlus Turned Mutual Fund Distribution Into A Scalable Tech Ecosystem

The platform provides MFDs with proprietary research on best-performing financial products, marketing materials and training programmes to improve advisory skills.

by: Fortune

How Trump's decision to fire NLRB and EEOC commissioners could change the future of the workplace

The impact of these dismissals "cannot be overstated."

by: ABC

Trump 2nd term live updates: Musk 'in the process' of 'shutting down' USAID, he says

President Donald Trump has begun his second administration with a series of controversial moves and decisions.

by: cnbctv18

How India's Makhana is becoming a global superfood

Makhana, or fox nut, is emerging as a globally recognised superfood due to its rich nutritional profile. Its growing popularity has driven international demand, with prices soaring up to ₹13,000 per kg in global markets, Business Today reported.

by: Moneyweb

More pain for ArcelorMittal as headline losses expected to widen

A trading update says the headline loss per share is expected to decline by between 165% and 174% for the year to December 2024. The loss per share will likely range between R4.50 and R4.66, compared with a loss per share of R1.70 for the previous financial year.

by: Couriermail

'In the lurch': Bank slammed after announcing over a dozen closures

An Aussie bank will close more than a dozen branches across the nation in a move which has been slammed as an "attack on regional communities".

by: BBC

Trump and Trudeau hold call after US president delays Mexico tariffs

by: Reuters

Explainer: What is a sovereign wealth fund?

President Donald Trump on Monday signed an executive order ordering the U.S. Treasury and Commerce Departments to create a sovereign wealth fund for the United States.

by: AOL

Bill Gates reminder on Intel struggles: One can get 'annihilated' if you miss a turn in the market

Shares of Intel have plunged 55% in the past year, badly lagging the 21% advance for the Nasdaq Composite ( ^IXIC ). Meanwhile, shares of rival chip player Nvidia have surged 78% over the past year as the company takes a wide lead on artificial intelligence chip innovation compared to Intel and AMD.

by: Forbes

Complexity Costs: A Hidden Tax On Your Business

Profit concentration is one of the clearest signs of complexity costs. Across nearly every business I've worked with, there's a similar dynamic: 20-30% of products, services or customers generate most of the profits (often more than 300%!), while the rest erode value.

by: BBC

Trump says EU tariffs will happen and UK is 'out of line' but deal 'can be worked out'

In essence, the imposition of 25% tariffs on Mexican goods has been expected by the Mexican government from the moment Donald Trump won the presidency. In recent days, President Claudia Sheinbaum has called for "cool heads" in dealing with the trade dispute - and with Washington more generally - under President Trump.

by: AOL

Trump's Executive Orders Could Delay Your Tax Refund This Year: Here's What You Can Do

President Donald Trump has issued a slew of executive orders (EO) since beginning his second term, including one that may have an impact on your tax refund. One of Trump's EOs initiated a

by: BBC

Trump delaying tariffs on imports for a month, Mexico's president says

The US president had said a 25% import tax on goods from Mexico would begin on Tuesday, along with tariffs on goods from Canada and China.

by: Reuters

Thai finance ministry wants to see rates cut this year

Thailand's finance ministry wants to see a cut in interest rates this year to be align with economic fundamentals and will discuss monetary policy easing with the central bank, a deputy finance minister said on Monday.

by: MSN

Trump to pause promised tariffs for 30 days after speaking with Trudeau

Prime Minister Justin Trudeau spoke to U.S. President Donald Trump early Monday morning about the forthcoming trade war, which has the potential to inflict economic pain on workers and businesses on both sides of the border.

by: MSN

Manitoba Premier Wab Kinew reacts to threats of U.S. tariffs

Manitoba's premier continued to threaten retaliatory actions on Monday should the U.S. president move forward on his threats to tariff Canadian goods. The government is now actively looking for ways to keep government contracts out of the hands of American companies in Manitoba.

by: AOL

Robinhood will let you bet on Super Bowl LIX between the Kansas City Chiefs and Philadelphia Eagles

The online trading platform ended months of speculation on Monday by saying it would launch event contracts for Super Bowl LIX, allowing customers to place trades on who will win the big game: the Kansas City Chiefs or the Philadelphia Eagles. The event contracts are eligible starting Monday.

by: Reuters

Vanguard slashes fees; expects its investors will save $350 million in 2025

Asset manager Vanguard said on Monday it was lowering the cost of investing across its fund lineup in its largest cut ever and estimated that this would translate into savings of more than $350 million for its investors this year.

by: Reuters

ING CEO weighs acquisitions to grow in Germany, Italy and Spain

Dutch lender ING Groep is considering buying rival banks in major European countries to boost its size, the Chief Executive told Reuters, potentially joining a wave of takeovers that are sweeping the region's financial sector.

by: MSN

Northern Ireland social enterprise firm appoints Newtownabbey businessman as new director

Having successfully led teams of over 250 personnel across the UK and Ireland, Martin Gillespie has worked across key sectors such as blue light services, education, healthcare, legal, and professiona

by: MSN

Trump mistaken, U.S. banks can and do operate in Canada says finance professor

A finance professor at the University of Toronto says American banks do operate in Canada despite assertions by U.S. President Donald Trump that they are not allowed to do business in the country.

by: Reuters

ESG Watch: Companies 'complacent about cybercrime', despite rise in risk from AI

In the World Economic Forum's latest Global Risks Report three of the top 10 risks are technological: misinformation and disinformation; adverse outcomes of AI technologies; and cyber espionage and warfare.

by: Reuters

Americans have high hopes for Trump's economy, Gallup poll shows

Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

by: MSN

SL Green Realty Shows Rising Relative Price Performance; Still Shy Of Key Threshold

A Relative Strength Rating upgrade for SL Green Realty shows improving technical performance. Will it continue?

by: Reuters

Julius Baer announces net profit of $1.12 bln for 2024

Swiss bank Julius Baer on Monday reported a net profit of 1.022 billion Swiss francs ($1.12 billion) for 2024.

by: MSN

Stormont restoration: Rate the minister

Yes, First Minister Michelle O'Neill and Deputy First Minister Emma Little-Pengelly present a positive, professional image when attending public engagements or representing the executive on an international stage.

by: MSN

'Moneyball' and 'Big Short' author Michael Lewis says elite rich Americans often overlook these factors that are key to their success

The American dream is based on the idea that if you work hard enough, you can achieve great success — and great wealth. Many people believe we live in a meritocracy, and they tend to put the super rich on a pedestal,

by: MSN

How Marketers Are Bracing for Trump's Tariffs

President Donald Trump's stiff 25% import tariffs imposed on Canada and Mexico over the weekend-plus a 10% tariff on Chinese goods-has already triggered counter-tariffs, trade wars, and threats of legal cases.

by: MSN

Power Grid Dividend 2025 announced in Q3 quarterly results: Check payment, record date, PSU's earnings

Power Grid Corporation of India Limited, is a Schedule 'A', 'Maharatna' Public Sector Enterprise of Govt. of India which was incorporated on 23rd Oct 1989 under the Company Act, 1956.

by: MSN

Tesla Stock Is Plunging. Both Trump Tariffs and Canada's Response Will Hurt.

Car stocks, including Tesla shares, were volatile on Monday—and in the red. Tariffs are the reason. Over the weekend, President Donald Trump went ahead with his plan to put 25% tariffs on goods from Mexico and Canada.

by: MSN

What's the cost of doing business outside the U.S. with new tariffs?

President Trump issued executive orders imposing tariffs on China, Mexico, and Canada. For Springs-based liquor stores and craft breweries - those tariffs may end up increasing the price tag of your favorite adult beverage depending on the length and impact.

by: MSN

'Realistic prospect' that tariffs become long-term fixtures in the U.S. economy, BritishAmerican Business CEO says

BritishAmerican Business CEO Duncan Edwards discusses U.S. president Donald Trump's decision to impose tariffs on Mexico, Canada and China.

by: MSN

Singapore says Nvidia's astounding local sales don't mean it's the source of DeepSeek's GPUs

PLUS: Chinese bus lanes put Tesla in a tangle; India drops electronics tariffs; Samsung worries about soft demand Asia In Brief Nvidia's quarterly results occasionally raise eyebrows because they report that Singapore is a disproportionately large market for its wares.

by: MSN

When 'unretiring' isn't worth it: some low-income retirees say higher paychecks would cut their benefits

Low-income retirees say that returning to work would mean a higher paycheck, but lower food, health, and housing benefits.

by: MSN

Budget 2025 A Game-Changer for India's Economy: Sudha Reddy Lauds Finance Minister Nirmala Sitharaman

The Union Budget 2025, presented today by Finance Minister Nirmala Sitharaman, has received widespread appreciation from industry leaders, including philanthropist and business leader Sudha Reddy. She hailed the budget as a game- changer for India's economy,

by: MSN

Forbes Releases Top 10 Most Powerful Countries In The World 2025 List; Check Out Details

Forbes, an American business magazine, has released list of Top 10 powerful countries in the world 2025 considering each nation with concept of power in the global landscape is complex, involving dimensions such as political sway,

by: MSN

Asia's factory activity weakens as Trump tariffs jolt sentiment

Asia's factory activity weakened in January as soft Chinese demand and threats of higher tariffs by U.S. President Donald Trump weighed on business sentiment, private surveys showed on Monday, darkening the outlook for the region's economy.

by: MSN

The eFishery scandal: Indonesia's aquaculture unicorn fraud rocking SE Asia

By bno - Surabaya bureau One of Southeast Asia's most talked-about controversies is the alleged fraud at eFishery, an Indonesian startup once hailed as a success story in the aquaculture sector. Founded by Gibran Huzaifah,

by: MSN

Jim Cramer on Toyota Motor Corporation (TM): 'It's Still In The Auto Business And That's A Real Tough Neighborhood And I Care About The Neighborhood'

We recently published an article titled Jim Cramer Looked Closely At These 10 Stocks. In this article, we are going to take a look at where Toyota Motor Corporation (NYSE:TM) stands against the other stocks Jim Cramer looked closely at.

by: MSN

Trump's tariffs on Canada, Mexico, and China spark mixed reactions in New York

President Donald Trump is moving forward with his promise to impose tariffs on foreign countries, announcing a 25 percent tariff on Canada and Mexico and a 10

by: MSN

India is slashing taxes. It must now cut red tape

Narendra Modi's government has raised the effective income tax threshold and introduced tax relief, aiming to boost consumer sentiment amidst an economic slowdown. However, significant economic recovery will require job creation and easing the business environment,

by: MSN

'AI is the new global arms race': Boyd Company expert says Abilene is a key player in worldwide AI growth

John Boyd, Corporate Location Consultant, and Site Selection Expert at the Boyd Company, recently weighed in on Abilene as it steps into the spotlight with the announcement of the largest artificial intelligence infrastructure project in history.

by: MSN

To help pay for Trump tax cuts, new taxes on worker benefits become GOP target

The GOP Congress is looking at including employer-provided benefits like free transportation, food and gyms as taxable income as a way to pay for tax cuts.

Porsche starts talks to end CFO, sales chief contracts

Porsche's supervisory board has started talks to end finance chief Lutz Meschke's and sales executive Detlev von Platen's contracts early, the German luxury carmaker said in a statement late on Saturday,
Porsche has initiated discussions regarding the potential termination of contracts for its Chief Financial Officer (CFO) Lutz Meschke and its sales chief, Detlev von Platen, as their current contracts are set to expire in 2025. This move comes amidst a broader executive reshuffle within the Volkswagen Group, Porsche's parent company, which has seen several high-profile departures and changes in leadership roles. The talks are part of a strategic review to align the company's leadership with its future business goals, particularly in the context of the automotive industry's shift towards electric vehicles and digitalization. The discussions are still in early stages, and no final decisions have been made regarding their future roles or potential successors.

Read the Full Reuters Article at:
https://www.reuters.com/business/autos-transportation/porsche-starts-talks-end-cfo-sales-chief-contracts-2025-02-02/

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