Economy

US auto industry stunned by tariffs meant to save it
US auto industry stunned by tariffs meant to save it

The 25 percent tariffs on automobiles announced by President Donald Trump are meant to revitalize American industry, but Detroit's giants were stunned Thursday by their scale and faced a beating on Wall Street. Parts not originally manufactured in the United States will face 25 percent tariffs just like finished foreign vehicles.

Games publisher Ubisoft announces restructuring, billion-euro investment
Games publisher Ubisoft announces restructuring, billion-euro investment

In a bid to escape financial woes, French games giant Ubisoft said Thursday it was creating a new subsidiary around its most popular franchises such as "Assassin's Creed" in partnership with China's Tencent. Alongside "Assassin's Creed", the subsidiary will bring together "Far Cry" and "Tom Clancy's Rainbow Six" -- among the most popular long-running names in Ubisoft's roster of game universes.

Argentina seeking $20 billion IMF loan
Argentina seeking $20 billion IMF loan

Argentina has sought a $20 billion loan from the International Monetary Fund, the country's economy minister said Thursday, as the government struggles to hold on to foreign reserves while propping up an ailing currency.

BBC launches survey on its future ahead of funding review
BBC launches survey on its future ahead of funding review

The BBC launched a UK-wide poll on Thursday asking audiences for their views on its future, as the cash-strapped British public broadcaster braces for a funding review. But the BBC's current royal charter -- which sets out its public purposes and funding -- ends in 2027, and culture secretary Lisa Nandy has said the government will use a scheduled review to consider how the organisation is funded.

Mexico seeks 'preferential treatment' on US tariffs
Mexico seeks 'preferential treatment' on US tariffs

Mexico said Thursday that it wanted preferential treatment if US President Donald Trump goes ahead with steep car tariffs, vowing a "comprehensive response" to Washington's duties. Sheinbaum said that Mexico would wait until early April -- when Trump has promised reciprocal tariffs tailored to each US trading partner -- before giving a "comprehensive response."

Trump tariffs to hit European automakers hard
Trump tariffs to hit European automakers hard

President Donald Trump's tariffs on auto imports will deal a heavy blow to European carmakers, especially German manufacturers, which rely on the US markets for a big chunk of their profits.