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13.05.26 - 07:42
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Trump due in China for high-stakes summit with Xi Jinping, as Iran war looms over talks (The Guardian)
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The US president will arrive with tech leaders including Elon Musk and Tim Cook, with trade, AI and Taiwan all set to be discussedDonald Trump is due to arrive in Beijing on Wednesday evening, the first visit to China by a US president in nearly a decade, as he seeks to mend power and prestige weakened by the war in Iran.Trump will bring tech leaders, including Elon Musk of Tesla and Tim Cook of Apple, and plans for headline-grabbing deals. He has said he expects China's leader, Xi Jinping, would “give me a big, fat hug when I get there”. Continue reading......
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08.05.26 - 22:18
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Toyota And Honda See Sharp Declines In Profit Amidst Iran War Pressures, Spiking EV Costs (ZeroHedge)
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Toyota And Honda See Sharp Declines In Profit Amidst Iran War Pressures, Spiking EV Costs
Toyota expects a sharp decline in profit as rising material and shipping costs tied to the Iran conflict pressure its business, according to Bloomberg.
The automaker projected operating income of ¥3 trillion for the fiscal year ending March 2027, well below both analyst expectations of ¥4.6 trillion and last year's ¥3.8 trillion.
The company said supply chain disruptions are driving up costs for aluminum, resins, and other materials, while logistics issues remain unpredictable. Toyota estimates the regional conflict could reduce earnings by about ¥670 billion.
After the forecast was released, shares dropped as much as 3.5%. Analysts noted Toyota may be giving conservative guidance, but future performance will depend heavily on how long the conflict continues.
Julie Boote, an analyst at London-based research firm Pelham Smithers Associates Ltd told Bloomberg: “Toyota did not only miss consensus e...
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08.05.26 - 14:30
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Iran war costs Toyota £3bn as prices of materials soar and sales fall (The Guardian)
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Carmaker gives one of largest warnings yet of conflict's impact on businesses while Trump tariffs also take tollToyota has reported a £3bn hit from costs from the war in Iran, as prices of parts and materials soared and sales dropped.The world's biggest carmaker said profits declined in its financial year to March as it was “likely unable to absorb newly added impact from the Middle East”, in one of the largest warnings yet of the war's impact on businesses. Continue reading......
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06.05.26 - 14:51
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VW warnt vor höheren Preisen wegen Iran-Krieg (DPA-AFX)
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WOLFSBURG (dpa-AFX) - Volkswagen (Volkswagen (VW) vz) warnt vor möglichen Preiserhöhungen wegen des Iran-Kriegs. "Ich gehe davon aus, dass die Effekte, die wir heute an den Tanksäulen sehen, zum Jahresende im ......
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06.05.26 - 09:30
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Iran War: Trump Pauses Plan to Guide Ships in Hormuz, Seeks Iran Deal | Daybreak Europe 5/6/2026 (Bloomberg)
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead.
On today's show, President Trump says the US plan to guide stranded ships through the Strait of Hormuz is being paused to see if an agreement can be reached with Iran to end the war.
Iran's Foreign Minister Abbas Araghchi is in Beijing, where he's held talks with Chinese Foreign Minister Wang Yi. The meeting comes just days before Donald Trump is scheduled to arrive in the Chinese capital.
Plus, a busy day for earnings: Novo Nordisk has nudged its sales forecast higher, lifted by its new Wegovy pill. The German chipmaker Infineon has given a better-than-expected revenue forecast, as it benefits from the AI spending boom. And BMW's carmaking returns fell in the first quarter, hit by intense competition in China.
Today's guests: Oliver Dörre, Hensoldt, CEO; Torgrim Reitan, Equinor, CFO & Sven Schneider, Infineon, CEO (Source: Bloomberg)...
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05.05.26 - 13:36
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UK electric car sales leap ′could be hit by Iran war inflation and energy price rises′ (The Guardian)
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BEV sales jumped nearly 60% in April, taking total electric car registrations to more than 2m, says SMMTBusiness live – latest updatesA recent jump in electric car sales in the UK is likely to be “tempered” by worries over rising inflation and energy prices caused by the Iran war, a leading industry body has warned.New car sales in the UK rose by 24% year on year to 149,247 in April, according to the Society of Motor Manufacturers and Traders (SMMT). Continue reading......
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04.05.26 - 12:12
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Iran War: US to Help Ships Exit Hormuz & Trump Plans 25% Tariff on European Autos | The Pulse 5/4 (Bloomberg)
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today's guests: Maria Vassalou, Head of the Pictet Research Institute & Aniseh Bassiri Tabrizi, Associate Fellow at Chatham House.
(Source: Bloomberg)...
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01.05.26 - 04:51
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Aircraft Carrier Strike Group To Leave Middle East, Reducing Footprint Amid Iran War (ZeroHedge)
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Aircraft Carrier Strike Group To Leave Middle East, Reducing Footprint Amid Iran War
Currently there are three American aircraft carrier groups in Middle East waters and near Iran in the context of Operation Epic Fury. By comparison, at the height of the Bush-ordered US invasion of Iraq in 2003, there were six total carrier groups - which were responsible for most of the large tomahawk missile strikes on Baghdad.
Amid the current extended ceasefire between the US and Iran (and including Israel), there are indicators that Washington is not preparing for a ground invasion of the Islamic Republic anytime soon. First and foremost is that the USS Gerald R. Ford is set to return to the United States after nearly a year deployed in wartime operations - as it was previously in the Caribbean focused on Venezuela ops.
US Navy file image
Defense officials have newly told The Washington Post the carrier will leave the Middle East in the coming days and head back to Naval Station Norfolk, Virginia.
The ...
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