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ECONOMY
Ford Projects $1.5 Billion Loss from Tariffs, Suspends 2025 Financial Guidance

Ford expects a $1.5 billion loss in 2025 due to tariffs, reporting a 65% drop in Q1 profits and suspending its financial forecast.

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ECONOMY
Skechers Sold to 3G Capital for $9.4 Billion Amid Tariff Concerns

Skechers is being acquired for $9.4 billion by 3G Capital amid the challenges posed by U.S. tariffs on imports.

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ECONOMY
US Administration Aims to Dilute Global Development Finance Framework

US seeks to weaken global development finance efforts undermining support for developing countries amid climate change challenges.

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ECONOMY
Warren Buffett to Retire from Berkshire Hathaway; Successor Greg Abel Announced

Warren Buffett announces retirement from Berkshire Hathaway, naming Greg Abel as his successor, marking a major transition in corporate leadership.

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ECONOMY
Trump to Extend TikTok Deadline If No Agreement Reached

Trump indicates he may extend TikTok's divestment deadline if no deal is reached by June 19.

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ECONOMY
Samsung contests $520 million tax demand in India, citing Reliance practices

Samsung challenges a $520 million tax demand in India, claiming Reliance followed a similar import practice without question.

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ECONOMY
Japan denies plans to leverage $1 trillion Treasuries in US trade discussions

Japan clarifies its stance on US Treasuries amid trade talks, emphasizing no plans to use its holdings as a leverage tool.

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ECONOMY
Singapore's Ruling Party Secures Landslide Victory Amid Economic Concerns

Singapore's ruling party achieves a decisive electoral victory as economic pressures grow amid global trade tensions.

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ECONOMY
Lebanon Conducts First Local Elections Since Israel-Hezbollah Conflict

Lebanon holds its first municipal elections in nearly a decade amidst economic struggles and a recent war with Israel.

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ECONOMY
Trump Proposes $6 Billion Cuts to NASA Budget, Shifting Focus to Moon and Mars Missions

Trump's proposed NASA budget seeks major cuts while prioritizing lunar and Martian missions, impacting science programs and key projects.

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