Economy

China's Xi urges 'strategic' ties in talks with Germany's Scholz
China's Xi urges 'strategic' ties in talks with Germany's Scholz

Chinese leader Xi Jinping called for Beijing and Berlin to develop ties with a "strategic" and "long-term" perspective Tuesday as he met with German Chancellor Olaf Scholz in Rio de Janeiro, state media said. "The two countries need to view and develop bilateral relations from a long-term and strategic perspective," Xi said.

Walmart lifts full-year forecast after strong Q3
Walmart lifts full-year forecast after strong Q3

Walmart reported a jump in third-quarter profits Tuesday behind solid US sales and gains in its e-commerce business as the retail behemoth lifted its full-year financial forecast. The company increased its full-year profit forecast to a range of $2.42 to $2.47 per share, lifting its midpoint of the prior range by five and a half cents.

Crisis-hit Thyssenkrupp books another hefty annual loss
Crisis-hit Thyssenkrupp books another hefty annual loss

German industrial giant Thyssenkrupp reported Tuesday a massive annual loss for the second year running, as it battles challenges including a crisis in its historic steel division. Several key units -- including steel, automotive, and materials -- saw falling orders and sales in 2023/24, with Thyssenkrupp pointing to "significantly weaker demand" from major industries.