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Tesla shares rise on reports of upcoming Musk–White House talks
Tesla shares listed in Frankfurt rose 5.6% on Friday after Politico reported White House aides have scheduled a call with CEO Elon Musk to broker peace after a public feud with U.S. President Donald Trump.
Tesla shares rise as Politico reports Musk-White House to hold call
Tesla shares rose 5.6% in Frankfurt after reports that White House aides are arranging a call with Elon Musk to resolve his public feud with President Trump. The clash, which included threats over government contracts and impeachment calls, had wiped $150 billion off Tesla’s value in Thursday’s US trading.
Elevating pricing through value engineering: A CEO priority
By quantifying improvements in key performance indicators, pricing becomes an extension of the business case, fostering stronger relationships and driving revenue.
Eurozone CPI falls on low energy prices
Increasing signs that inflation is back under control after a painful outbreak in 2021-23 leaves room for the ECB to turn its attention to worries about the impact of a slew of new import taxes on EU goods in the US that threaten to slow Europe's export-oriented economy.
Air India and Icelandair sign codeshare deal for faster India-Europe connectivity
Air India and Icelandair have established a codeshare agreement to enhance connectivity between India and Iceland. This partnership, announced at the IATA Annual General Meeting in New Delhi, enables passengers to travel seamlessly across 15 routes in India and Europe.
‘We can’t trade with countries firing missiles’: Trump again claims credit for avoiding ‘nuclear disaster’ between India and Pakistan
US President Donald Trump has again claimed credit for halting conflict between India and Pakistan by using trade as leverage. Speaking at the White House, he said his intervention helped avoid a potential nuclear disaster. India, however, dismissed the assertion, stating the ceasefire followed direct talks between the military commanders of both nations after India’s Operation Sindoor. External Affairs Minister S. Jaishankar credited Indian forces for compelling Pakistan to agree to peace, reaffirming that trade or tariffs were not discussed with the US.
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Germany wants its gold reserves back? Trump’s return stirs old fears
Germany’s gold reserves stored in the United States have become a renewed topic of debate amid concerns about Donald Trump’s return to the White House. With 3,352 tonnes of gold—the world’s second-largest reserve—Germany stores one-third of it in New York. Now, mainstream German political figures and public broadcasters are questioning whether the reserves are secure. The Bundesbank has maintained its trust in the Federal Reserve, but calls for greater diversification and transparency are growing within Germany’s political landscape.
EAM Jaishankar asked if US deserves credit for India-Pak ceasefire and how close world came to nuclear war: His reply says it all
External Affairs Minister S Jaishankar credited the Indian military for the recent ceasefire with Pakistan, dismissing claims of US mediation. He stated that the decision to halt firing resulted from direct contact between military commanders after India's decisive actions against Pakistani airbases and defense systems. Jaishankar emphasised India's measured response to terrorist targets, rejecting the notion of a near-nuclear conflict.
European markets rally as Trump delays 50% EU tariffs
European equities rallied Monday after Donald Trump dialled back on his threat to hit the European Union with 50 percent tariffs by delaying their implementation to July.
Living Nostradamus who predicted Covid issues chilling warning of impending nuclear crisis as billionaires are already ready for it
A Brazilian man who made many correct predictions before is now warning about a hidden nuclear danger, climate trouble, and secret moves by rich people. He says 2025 will be a big turning point.
US tariffs likely to drag down European economy
Donald Trump's tariffs have prompted European officials to lower economic growth predictions. The Eurozone's growth forecast for this year is now 0.9%, down from 1.3%. The 2026 forecast also sees a dip. Germany's stagnant economy, impacted by energy costs and competition, contributes to this decline.
Lufthansa flight pilot missing in action for 10 minutes — Here’s what saved the flight
Lufthansa Flight Pilot News: In February 2024, a Lufthansa Airbus A321 flew for about ten minutes without a conscious pilot after the co-pilot fainted alone in the cockpit. The captain, who was momentarily out, could not re-enter due to the locked cockpit door. The plane’s autopilot kept the flight stable, preventing disaster. The co-pilot later regained partial consciousness to unlock the door. Investigations revealed a seizure caused by an undiagnosed neurological condition. The incident highlights the crucial role of two pilots in the cockpit.
US pharma stocks gain up to 5% on Trump's move to slash drug prices
President Trump plans to sign an executive order mandating drugmakers to align U.S. drug prices with those of other countries, setting price targets within 30 days. If companies fail to make significant progress within six months, the government will consider measures like importing drugs and export restrictions.
Ahead of Market: 10 things that will decide stock market action on Monday
The Indian stock market fell for a second straight session on Friday, with the benchmark indices ending with weekly declines of 1.4% amid growing tension between India and Pakistan.
Europe's Stoxx up marginally, Germany's DAX hits record high on hopes of easing trade tensions
European stock markets saw gains. Germany's DAX reached a record high. Investors felt relieved by signs of a possible ease in the global trade war. U.S. and China are expected to discuss trade. BP shares increased following takeover speculation. Energy and resources sectors performed well. Commerzbank and Mediobanca also saw gains. Bavarian Nordic shares jumped after strong revenue results.
Germany's DAX scales record high on trade deal optimism
European shares ticked higher on Friday, with Germany's benchmark index notching an all-time high, as investors bet on de-escalation in the trade war ahead of discussions between the U.S. and China over the weekend.
The flying supermoms
Five athletes who prove that motherhood isn’t a career ender.
Flight diversions to cause longer travel times as India shuts 24 airports after Pakistan's escalation: What you need to know
Following heightened tensions with Pakistan and Operation Sindoor, 24 Indian airports have been temporarily closed, causing significant disruptions to flight operations. Airlines are rerouting flights, particularly those between northern India and the west, via Mumbai, leading to longer routes and increased congestion.
US, Chinese stocks up before trade talks, Fed move
US and Chinese stocks experienced gains amid anticipation for US-China trade discussions and the Federal Reserve's interest-rate decision. European markets showed caution, while geopolitical tensions impacted Pakistan's stock market. Disney's shares surged following positive sales figures, while pharmaceutical stocks faced challenges due to regulatory changes and revised forecasts.
Travel plans take a hit amid airport closures
Flight cancellations disrupt travel plans for Indians after Operation Sindoor. Destinations like Jammu, Srinagar, and Leh are affected. Travel companies assess the situation as domestic and inbound travel face potential setbacks. The US Embassy issues a security alert, advising caution. Airlines like SpiceJet and IndiGo report impacted flights and offer refunds.
German parliament deals historic setback to would-be Chancellor Merz - what now?
Friedrich Merz's bid to become German chancellor faced a setback as he failed to secure an absolute majority in the initial parliamentary vote. This unprecedented situation in postwar history reveals internal divisions within his intended coalition.
IHCL has Rs 3,000 cr cash instead of debt; to launch new brands, travel packages in next few months: Puneet Chhatwal
IHCL is experiencing robust growth, driven by India's strong GDP and a rising affluent population seeking premium experiences. Demand is expected to outpace supply in the hospitality sector for the next few years. With a debt-free status and substantial cash reserves, IHCL is poised for expansion, exploring new brands in wellness and all-inclusive travel packages.
'Bombshell' OPEC+ output hike hits oil price
Oil prices fell due to increased production by OPEC+ members. Asian stocks showed mixed performance with major markets closed. Saudi Arabia and Russia are among those increasing output. Concerns about oversupply and a potential global economic slowdown are impacting the market. Wall Street had a strong week, while European markets also saw gains.
Air India diverted Toronto-Delhi flight to Frankfurt due to clogged lavatories on May 2
An Air India flight (AI188) from Toronto to Delhi was diverted to Frankfurt on May 2 after several onboard lavatories became unusable, according to airline sources. The aircraft resumed its journey to Delhi after a short halt. Air India officially cited a "technical issue" for the diversion.
Lufthansa, Air France, others avoid Pakistan airspace amid India tensions
Amid heightened tensions between India and Pakistan following last month's deadly Kashmir attack, major global airlines including Air France and Lufthansa have begun avoiding Pakistani airspace, flight data and airline statements confirmed. While India has closed its airspace to Pakistani carriers and Islamabad has imposed reciprocal restrictions, international airlines are still permitted to fly over Pakistan.
Ho Chi Minh’s triumph and Vietnam’s history of hunger
Last week marked the 50th anniversary of the fall of Saigon, a key moment in Vietnam’s history and the story of Ho Chi Minh, who started his journey as a chef before leading the nation's independence movement. Ho’s early exposure to global cuisine influenced his leadership, which saw him navigate the hardships of famine, colonialism, and war. The essay delves into the effects of food on the Vietnamese people during and after the war, illustrating how both the North and South faced unique challenges—such as reliance on wild foods or American military rations.
European airlines reroute flights to avoid Pakistani airspace as tensions with India escalate
Several European airlines, including Lufthansa and British Airways, are changing flight paths. They are avoiding Pakistani airspace. This follows Pakistan's closure of some airways to Indian carriers. Rising regional tensions are the reason. These reroutings add up to an hour of extra flight time. KLM Royal Dutch Airlines continues to use Pakistani airspace. They are prioritizing passenger and staff safety.
Pahalgam Attack: India closes airspace to Pakistani airlines till May 23
Following the Pahalgam attack, India barred Pakistani aircraft from its airspace. The ban, effective April 30 to May 23, impacts Pakistan International Airlines. This action follows Pakistan's closure of its airspace to Indian carriers. The move disrupts international routes, causing delays and increased fuel consumption. India also considers banning Pakistani ships from its ports.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian markets closed higher for a second straight day on Tuesday, supported by FII inflows and hopes of a U.S. trade deal, though gains were limited by geopolitical tensions and mixed Q4 earnings.
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