The French cognac industry has reported a sharp 13% decline in revenues over the past year, driven largely by weakening global demand for high-end bottles and significant export disruptions in China. The downturn marks the second consecutive year of contraction for the €3 billion sector, which had...

U.S. corporate profits staged a strong recovery in the second quarter, lifting confidence that the economy remains resilient despite trade pressures and an uncertain global backdrop. Profits rebounded sharply after a steep decline in the first three months of the year, while gross domestic product...

Car sales in Europe rose sharply in July, delivering the industry’s best monthly performance since April 2024. Incentive schemes, consumer demand for hybrids, and aggressive pricing strategies combined to lift the market despite economic uncertainty. At the same time, China’s BYD overtook Tesla in...

The U.S. administration’s decision to double tariffs on a broad swath of Indian imports has moved from threat to reality, escalating a trade confrontation between two strategic partners and forcing New Delhi into rapid damage-control. What began as a dispute over trade practices and market access...

A simmering transatlantic dispute over Europe’s sweeping new digital regulations flared anew this week as Washington escalated public rhetoric and Brussels pushed back, underscoring growing friction over who gets to set the rules for online platforms. U.S. officials and industry allies say measures...

Global equities lost momentum on Monday as the burst of optimism tied to the prospect of imminent U.S. interest-rate cuts ran into a stream of economic data, heavy debt supply and company-specific risks. Investors who had quickly repriced valuations on the assumption of easier policy began to...

India’s draft Online Gaming law, which would outlaw games played with real-money stakes, has sent shockwaves through a swiftly growing domestic industry and prompted urgent questions about jobs, investment and consumer protection. Backers of the bill say it is needed to curb addiction, fraud and...

Brussels’ insistence on safeguarding its digital regulatory framework has emerged as the primary stumbling block in finalising a joint trade statement with Washington, diplomats and officials say. What began as a relatively straightforward effort to lock in a tariff understanding has become a...

Rising household costs are reshaping how people drink beer, splitting behavior into distinct camps and forcing brewers, retailers and venues to rethink product ranges, pricing and distribution. Faced with tighter budgets, many consumers are trading down to economy brands, bulk formats and...

U.S. consumer prices in July showed a muted headline increase even as underlying costs for services and certain tariff-sensitive goods accelerated, underscoring how a drop at the pump can temporarily mask broader inflationary pressures. The Consumer Price Index rose 0.2 percent from June and 2.7...

U.S. President Donald Trump’s aggressive tariff campaign has reshaped global trade politics and forced major partners into concessions on paper. Yet beneath the headlines of narrowed trade gaps and headline-grabbing framework agreements lies a raft of practical, legal and economic obstacles that...