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Sweden well-placed to deal with trade uncertainty, Riksbank’s Seim says

10 Apr 2025

By Niklas Pollard STOCKHOLM (Reuters) – Sweden is well-placed to deal with the changing environment brought on by abrupt shifts in trade and security policies, the Swedish central bank’s Deputy Governor Anna Seim said on Thursday. “In Sweden we have stable economic-policy frameworks and strong public finances. All this puts us in a favourable position …

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EU’s Von der Leyen: Trump tariff pause will help stabilise global economy

10 Apr 2025

BRUSSELS (Reuters) – U.S President Donald Trump’s dramatic decision to pause hefty tariffs on dozens of countries was an important step towards stabilising the global economy, European Commission President Ursula von der Leyen said on Thursday. Von der Leyen, who heads the EU’s executive arm, said the bloc remained committed to constructive negotiations with the …

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Equinor forms new unit to capitalise on soaring power demand

10 Apr 2025

HELSINKI (Reuters) -Norway’s Equinor is combining its renewables business with its gas-to-power plants and energy storage assets to boost its electricity business, the company said on Thursday. The move is a response to the surging demand for power fuelled by the expansion of artificial intelligence, data centres, and the green transition, said Equinor, which still …

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High cocoa prices bite into Barry Callebaut’s volume outlook, shares slump

10 Apr 2025

By Paolo Laudani and Isabel Demetz (Reuters) – Swiss chocolate maker Barry Callebaut lowered its annual sales volume guidance on Thursday due to what it called “unprecedented volatility” in cocoa bean prices, sending its shares falling almost 20%, on track for their biggest one-day drop ever. The world’s largest chocolatier, which supplies key food producers …

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UK’s TT Electronics cuts profit outlook as tariffs add to US troubles

10 Apr 2025

(Reuters) -Britain’s TT Electronics cut its annual profit forecast on Thursday and said its CEO was leaving, sending its shares down more than 25% as it warned tariffs would compound already tough trading at its North American components business. The company said it would consider all options for the North American components business, which accounted …

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Japan’s Nikkei surges 9% on relief after Trump pauses tariffs

10 Apr 2025

TOKYO (Reuters) -Japan’s Nikkei share average jumped 9% on Thursday as investors scooped up beaten-down stocks after U.S. President Donald Trump declared an immediate 90-day tariff pause for many countries. The Nikkei rose 9.13% to 34,609 in its biggest daily gain since August 6, the day after the index fell in its biggest single-day rout …

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Michelin sees first-quarter sales below consensus due to higher seasonality

10 Apr 2025

(Reuters) – Michelin expects its first-quarter sales to be slightly below market consensus due to steeper than expected seasonality in the first half of 2025, according to the transcript of an investor call held late on Wednesday. The French tyre maker said that U.S.-imposed tariffs would add to volatility in the market, but its local-to-local …

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US tariff suspension is good news, Polish finance minister says

10 Apr 2025

WARSAW (Reuters) – The suspension of U.S. tariffs is good news and shows the U.S. administration’s will to deescalate this trade conflict, Polish Finance Minister Andrzej Domanski said on Thursday. In a stunning reversal, U.S. President Donald Trump said he would temporarily lower the hefty duties he had imposed on dozens of countries, while further …

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LVMH finds making Louis Vuitton bags messy in Texas

10 Apr 2025

By Tassilo Hummel and Waylon Cunningham ALVARADO, Texas / PARIS (Reuters) -Six years ago, LVMH’s billionaire CEO Bernard Arnault and President Donald Trump cut the blue ribbon on a factory in rural Texas that would make designer handbags for Louis Vuitton, one of the world’s best-known luxury brands. But since the high-profile opening, the factory …

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