North America:

  • Amazon CEO Andy Jassy highlights AI investment as crucial for competitiveness amid economic shifts and delayed satellite launch.
  • Alphabet advances in AI and automotive tech with new AI chip Ironwood and $75 billion capital expenditure for 2025.
  • Apple transports 600 tons of iPhones from India to avoid US tariffs.
  • Nvidia benefits from reversed US export restrictions on AI chips to China after CEO Jensen Huang's meeting with Trump.
  • Tesla shares surge 22% following Trump's 90-day tariff pause, impacting automotive stocks.
  • Constellation Brands reports a 14% EPS increase and sells consumer wine brands to The Wine Group, but issues a lower profit forecast due to tariffs.
  • OpenAI files a countersuit against Elon Musk amid a legal dispute over company structure.
  • Microsoft anticipates upcoming earnings announcement amidst broader economic developments.
  • Boeing partners with Flydubai to install space bins on the 737 Max fleet.

Europe:

  • UBS shareholders reelect Chairman Colm Kelleher and approve the 2024 compensation report, reaffirming a share buyback plan.
  • Volkswagen reports a 40% drop in Q1 operating profit due to higher costs and tariffs, despite a 3% sales revenue increase.
  • Airbus delivers 71 jets in March and books over 200 net orders in Q1.
  • BMW sees Q1 sales decline due to weak demand in China, despite strong performance in Europe and the U.S.
  • STMicroelectronics restructures with workforce reduction and maintains investments in Italy amid government criticism.
  • Tesco revises profit forecast downward due to UK market competition, despite a 10.6% sales increase.
  • Mediobanca acquires its own shares for EUR2.8 million, with CEO cautioning against merging with a commercial bank.

Rest of the world:

  • Fast Retailing reports a 33% increase in Q2 operating profit and raises full-year forecast despite US tariffs.
  • TSMC Q1 revenue surges 42% to $25.6 billion, exceeding expectations despite tariff concerns.
  • Tata Consultancy Services reports a decrease in quarterly net profit, missing revenue estimates despite a $12.2 billion order book.
  • Mashreq partners with Goldman Sachs Asset Management to serve affluent Gulf clients.
  • CATL plans a $5 billion IPO in Hong Kong, pending stock exchange approval.