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Finance

Finance

McDonald’s global sales post surprise drop as tariff chaos hurts consumer confidence

Bermuda Broadcasting Newsdesk -
McDonald's shares were down 2% in early trading after gaining about 10% this year International news via Reuters: McDonald's posted a surprise drop in first-quarter global...
Finance

US tariffs would take percentage point off Dutch economic growth, CPB says

Bermuda Broadcasting Newsdesk -
Investments would take the largest hit due to global economic uncertainty International news via Reuters: The sweeping trade tariffs announced by U.S. President Donald Trump would...
Finance

Sterling set for strongest monthly performance against dollar since November 2023

Bermuda Broadcasting Newsdesk -
Britain aims to soften the blow of U.S. tariffs by reaching an economic agreement with Trump International news via Reuters: Sterling fell against a firmer dollar...
Finance

Germany skirts recession but unemployment rises

Bermuda Broadcasting Newsdesk -
Experts fear that the German economy will contract again as early as the summer International news via Reuters: The German economy grew in the first quarter...
Finance

Switzerland to enact Hamas ban from May 15

Bermuda Broadcasting Newsdesk -
The law was approved by the country's parliament last December International news via Reuters; A new Swiss law banning Hamas and related organisations will come...
Finance

Trump to reduce impact of auto tariffs, commerce secretary says

Grae Minors -
A coalition of U.S. auto industry groups urged Trump not to impose 25% tariffs on imported auto parts International news via Reuters: President Donald Trump's administration...
Finance

UPS profit beats estimates, to cut 20,000 jobs on economic worries

Grae Minors -
The comnpany had in January forecast full-year revenue of $89 billion International news via Reuters: United Parcel Service reported a better-than-expected profit for its first quarter...
Finance

Central Europe must diversify to mitigate tariff hit, Moody’s Analytics

Grae Minors -
The Ukraine war and increased defence spending contributed to higher borrowing in the region International news via Reuters: Central Europe has limited fiscal space to offset...
Finance

Sterling moves towards strongest monthly gain since late 2023

Bermuda Broadcasting Newsdesk -
The UK is said to be less exposed to Trump's tariffs once his 90-day pause expires in early July International news via Reuters: The pounded traded...
Finance

World military spending hits $2.7 trillion in record 2024 surge

Bermuda Broadcasting Newsdesk -
Heightened geopolitical tension saw increased military spending in all world regions International news via Reuters: World military expenditure reached $2.72 trillion in 2024, an increase of...
Finance

Australia’s ruling party to hike student visa fees again in pre-election pledge

Bermuda Broadcasting Newsdesk -
International students are a major source of revenue for Australian universities International news via Reuters: Australia's ruling Labor Party said on Monday it would raise visa...
Finance

Britain’s M&S stops taking online orders after cyber attack

Bermuda Broadcasting Newsdesk -
Some M&S International operated websites were also pausing orders International news via Reuters: Marks & Spencer stopped taking online orders in the UK and Ireland on...
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