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18461 articles published since 08 Mar 2022

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Struggling steel giant Thyssenkrupp's shares slump after profit hit
Struggling steel giant Thyssenkrupp's shares slump after profit hit
Economy

Thyssenkrupp's shares slumped Thursday after it reported worse-than-expected earnings and its steel business took a fresh hit, in more bad news for the struggling German industrial titan. Once a symbol of German industrial might, Thyssenkrupp has suffered as high costs at home, falling prices for its products and fierce competition from Asian rivals hammered its traditional steel business.

EU accuses TikTok of violating digital rules over ads
EU accuses TikTok of violating digital rules over ads
Economy

The EU accused TikTok on Thursday of breaking digital rules after concluding that the Chinese-owned social media platform was not transparent enough about advertisements. Under the DSA, the world's largest digital companies must establish an advertisement library that shows information about the adverts that run on their platforms.

UK economy grows above forecasts, but tariffs threaten progress
UK economy grows above forecasts, but tariffs threaten progress
Economy

Britain's economy grew more than expected in the first quarter, official data showed Thursday, covering the period before business tax hikes and US President Donald Trump's tariffs blitz took effect. Thursday's data covers the period before April's introduction of a hike to a business tax laid out in the Labour government's maiden budget in October.

Cuban cigarillo factory overwhelmed by burning demand overseas
Cuban cigarillo factory overwhelmed by burning demand overseas
Economy

Cuba's sole producer of cigarillos cannot keep up with exploding demand abroad for the smaller, cheaper, machine-rolled version of the island nation's much more famous hand-crafted cigars. Unlike Cuba's famous hand-rolled "Habanos," cigarillos are aimed at a market with "lower purchasing power," said Soler.

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