Business

Legendary investor Warren Buffett says he will hand over control of his $1.2 trillion conglomerate Berkshire Hathaway to successor Greg Abel by the end of the year. Also in this edition: Donald Trump threatens 100% US tariffs on foreign-made films, and Americans with jobs are increasingly turning to food banks to make ends meet.

Washington and Kyiv have signed an agreement to create an investment fund aimed at defraying US costs for supporting Ukraine's defence, based on the extraction of the country's rare earth minerals and other natural resources. We take a closer look at what's in the deal. Also in this edition: French consumer spending drops as shoppers cut back on purchases amid food inflation and a grim economic outlook.

US President Donald Trump has blamed his predecessor Joe Biden for a 0.3% shrink in GDP for the first three months of the year, as firms stockpiled imports ahead of tariffs. The S&P 500 fell this Wednesday as a result. Trump's first 100 days in office have seen the worst stock market performance in half a century. We take a closer look in this edition.

In a speech marking his first 100 days back in the Oval Office, Donald Trump painted a glowing picture of the US economy, with lower prices and higher wages for Americans. He also praised his administration's efforts to cut wasteful government spending by a trillion dollars by the end of next year. In this edition, we take a closer look at these claims and show that the picture might not be as rosy as the US president says it is.

The White House has blasted Amazon over a reported plan to display how much additional costs are coming from tariffs right next to the total price of a product on its website.  The e-commerce giant denied such a plan had been approved, after Donald Trump directly complained to its founder Jeff Bezos. Plus, France plans to impose a handling fee on small-value parcels, as the EU mulls introducing import duties on such parcels that have so far been exempt from tariffs. 

French carmaker Citroën, part of Stellantis, launched a new SUV model this Tuesday in Paris in a bid to turn around sales that have dropped over 10 percent in the first quarter of the year. In this edition, we speak to Citroën CEO Thierry Koskas about the fierce competition in the electric vehicle sector, the impact of tariffs on Citroën's Chinese competitors, and more broadly, France’s industrial landscape.

Electricity is gratually being restored to parts of Spain and Portugal following a massive blackout that brought much of the two countries to a standstill. While the cause of the outage is still being investigated, Yuka Royer takes a look at how Europe is trying to modernise its grid system. Plus, India has ordered 26 more Rafale fighter jets from French defence giant Dassault, marking another step in the Asian nation's reliance on French military hardware. 

Defence expenditure rose by 9.4 percent worldwide in 2024 amid wars in Ukraine and Gaza, with researchers warning that rising military budgets will mean less funding for social welfare and humanitarian aid. Also in this edition: France aims to merge or eliminate one third of its government agencies amid a deficit crisis. Plus, the Chinese city of Chengdu sees a boom in panda tourism.

Nissan has announced that it now expects a record net loss of up to €4.6 billion for the fiscal year that ended in March, around nine times larger than its previous forecast only two months ago. The Japanese carmaker says this is due to impairment charges as part of its "turnaround plan" under new CEO Ivan Espinosa. Plus, souvenir shops in Rome are seeing an influx of customers as tens of thousands of Catholic faithfuls visit the Vatican to pay tribute to Pope Francis. 

Twelve US states have filed a lawsuit against President Donald Trump, arguing that his use of emergency powers to wage a global trade war is "reckless and unlawful". Also in this edition: the Trump administration signals a potential de-escalation of the trade war, and Chinese carmakers show off their latest innovations at the Shanghai Auto Show.