Economy

VW to cut 50,000 jobs by 2030 amid Trump tariffs and falling Chinese sales

Car group reports 54% drop in pre-tax profits as it says Iran war could affect demand for Audi and Porsche brands

Get ready for price shocks because of Iran? How are we supposed to do that?

From energy to food, all of life’s essentials are about to get even more expensive. But just knowing that won’t pay the bills

‘Everyone feels like they are being scammed’: can Central America’s small coffee growers survive as global prices fall?

Family-run farms in El Salvador and Honduras face mounting losses, rising costs – and the need to adapt or be left behind

Volkswagen flags a tough year ahead as 2025 profit halves on tariffs, China competition

Volkswagen reported a more than 50% drop in annual operating profit, citing the impact of U.S. tariffs, currency effects and a strategic shift at Porsche.

How Staged Accidents Are Driving Up Your Insurance Costs

Imagine you are driving down the road one day, traffic humming along like a familiar episode of Seinfeld.

It’s affordability, stupid

President Donald Trump inherited an economy sputtering from four years of the Biden administration’s economic strategy of overspending, overregulating, and a simple refusal to recognize that COVID-19 was over. He won in 2024 because voters still remember how the economy flourished during Trump’s first administration and didn’t want four more years of stunted-growth policies from Democrats.

As the Iran war upends energy flows, Russia is emerging as the real winner

Russia is shaping up to be a major beneficiary of the escalating energy crisis in the Persian Gulf, analysts told CNBC.

Why Iran's main oil terminal at Kharg Island has been spared

Iran’s primary oil export terminal, Kharg Island, has so far been spared from United States and Israeli strikes, even as global energy prices surge and tensions rise across the region.

Strait of Hormuz will partially reopen in 2-3 weeks: David Roche

'Quantum Strategy' David Roche says he expects oil reserves can sufficiently support world demand, and that the 'world won't run out of oil'. He also explains why he believes Iran can't afford to escalate the war further, and therefore will not engage militarily on the Strait of Hormuz.

Ryanair insists we failed to board a phantom flight

Airline has refused refund after our flight was diverted because of bad weather and we were left on the plane for six hours

EVs Are Not the Answer to Oil Shocks

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Iran war threatens catastrophic consequences for the oil market, Aramco CEO says

Saudi Aramco beats profit estimates and keeps $85 billion payouts as oil prices surge again.