Business

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.

Donald Trump's trade policy and back-and-forth on tariffs are already impacting one of the most globalised industries: aviation. With airlines saying they'll defer deliveries rather than pay for tariffs, FRANCE 24's Yuka Royer speaks with AirInsight Group's President Ernest Arvai about the potential impact of the ongoing trade war on the sector. 

Tesla CEO Elon Musk says he will be dedicating more time to the electric vehicle company starting from next month, after the firm published disappointing first-quarter results. The US carmaker has suffered from political blowback because of Musk's involvement with the Trump administration, as well as intense competition globally. Also in this edition, the International Monetary Fund slashes its global growth forecast because of Trump's trade war.

The International Monetary Fund says it expects global economic growth to be slower as it sharply downgraded its forecast for US growth as a result of Donald Trump's tariffs and the uncertainty they have created. It also warns that risks to the global financial sector had significantly risen since last autumn. But first, we look at why it's important for central banks to be free from political meddling, as Trump's intensifying attacks against Federal Reserve chief Jerome Powell rattle markets.  

Wall Street closed in firmly negative territory on Monday, continuing a rout that's reaching historic dimensions. After Trump's disruptive tariff policies, it's now his attacks on the US Federal Reserve that are unsettling investors. The US president has been lambasting the head of the central bank, Jerome Powell, on social media. He called Powell "a major loser" and urged "pre-emptive cuts in interest rates". We take a look at the Federal Reserve's mandate and why it's supposed to be independent of political pressure.

Pope Francis was known for his vision that the Catholic Church should be representative of and support the poor and the weak. He once denounced "a new colonialism" rooted in inequality and profit-chasing, calling the unfettered pursuit of money "the dung of the devil" that hurt the poor and harmed the environment. FRANCE 24's Yuka Royer takes a look back at the late pontiff's vision for a Church that represented, and worked for, the underprivileged. 

US Vice President JD Vance landed in New Delhi this Monday for a four-day cross-country visit, with talks on a bilateral US-India trade deal high on the agenda. Also in this edition: the IMF and World Bank kick off their spring meetings under the cloud of a global trade war, and luxury giant LVMH's Bernard Arnault urges Brussels to negotiate with the Trump administration on tariffs. 

US President Donald Trump has called for Federal Reserve Chair Jerome Powell to be fired, a day after the central bank chief delivered a stark warning about the effects of tariffs. Meanwhile, Chinese President Xi Jinping is ending his Asian tour with a visit to Cambodia, portraying China as a stable trading partner. Plus, the Hermès Birkin handbag is about to get a lot more expensive, at least in the US. 

Emboldened by the latest economic data that showed China's economy grew faster than expected in the first quarter at 5.4 percent, Beijing continues to play hardball in its trade war with the United States. But it has also quietly appointed a new trade negotiator, who has experience at the WTO. Meanwhile, Trump said he'd take part in trade talks with Japan as its delegation headed for Washington. Plus, turmoil returned to Wall Street as the Federal Reserve chairman warned about the inflationary impacts of tariffs.