Browsing: Business

Poland may lose $2.16 billion due to new US tariffs on EU goods, with key sectors like manufacturing and agriculture expected to suffer the greatest impact.

HSBC’s first-half profit fell 26% to $15.8B due to China impairments and real estate losses, prompting a $3B buyback amid ongoing restructuring.

Adidas warned US import tariffs will add €200 million in costs, possibly raising US prices, while holding its full-year outlook amid trade uncertainty.

Novo Nordisk shares dropped 20% after cutting full-year guidance and naming a new CEO, citing U.S. market weakness for Wegovy and Ozempic.

Boeing reduced quarterly losses to $176 million and delivered 150 aircraft, marking its best operational quarter since 2018 under CEO Kelly Ortberg.

Barclays beat second-quarter profit forecasts, driven by strong trading in fixed income and equities, while investment banking performance remained soft.

China could lose $485 billion in US exports by 2027 as tariffs rise, shifting trade flows to Russia, Vietnam, and others amid global supply rebalancing.

U.S. LNG stocks rallied after the EU agreed to import $750B in American energy, signaling a strategic shift away from Russian fuel sources.

Affordability challenges continue to shut out U.S. buyers as home prices hit records and mortgage rates hover near 7 percent across much of the USA.

NASA will cut about 20% of its workforce, impacting 3,870 roles, in a major restructuring aimed at boosting operational efficiency and mission focus.