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

How are EU and member states reacting to energy crisis triggered by Iran war?

Prospect of Trump easing US sanctions on Russian oil is a nightmare for the bloc as nations work out how to respond

Aramco warns of oil market ‘catastrophe’ unless strait of Hormuz reopens soon

Saudi Arabian state oil firm calls crisis by far the biggest the region has seen but firm can reroute 70% of exports and tap crude held in storage

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

Cathay Pacific offers £20,000 Sydney-London flight amid disruption in Gulf

Hong Kong-based airline has business-class return listed at A$39,577, as travellers seek routes avoiding Middle East

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.