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WTO revises global trade forecast to a decline amid US tariff impact

WTO revises global trade forecast to a decline amid US tariff impact

On Wednesday, the World Trade Organization (WTO) announced a significant revision of its global merchandise trade forecast, projecting a downturn of 0.2% for the current year. This marks a stark contrast to the 3.0% growth anticipated in October. The revised forecast is based on the current trade measures as of the start of this week.The WTO attributed the downward revision to the potential reintr ...

2025-04-16 23:58:18
Google shares drop amid UK antitrust lawsuit

Google shares drop amid UK antitrust lawsuit

Investing.com -- Google parent Alphabet Inc. (NASDAQ:GOOGL) stock fell 2.2% in premarket trading following news of a class action lawsuit in the U.K. that could result in damages exceeding £5 billion ($6.6 billion). The tech gian is accused of abusing its dominance in the online search market, leading to higher prices and stifling competition.The lawsuit, filed on Wednesday in the U.K. Competitio ...

2025-04-16 23:57:17
Heineken beats first quarter forecasts as tariff risks loom

Heineken beats first quarter forecasts as tariff risks loom

By Emma RumneyLONDON (Reuters) - Heineken (AS:HEIN) reported forecast-beating first-quarter sales on Wednesday and maintained its annual guidance but warned of ongoing volatility caused by uncertainty about the levels and scope of global tariffs.Shares in the world’s second-largest brewer by global volumes rose almost 3% as investors welcomed another quarter of delivery after Heineken cheered ...

2025-04-16 23:56:19
FTSE 100 today: Index recovers despite Bunzl slump; U.K. inflation cools

FTSE 100 today: Index recovers despite Bunzl slump; U.K. inflation cools

Summary Bunzl (OTC:BZLFY) tumbles over 26% on full-year profit warningU.K. inflation slowed to 2.6% in MarchU.K. house prices climb in FebWH Smith slips 2% on FY26 EPS cutInvesting.com -- Britain’s main stock index closed higher on Wednesday, recovering from earlier losses weighed down by a 26.6% slump in Bunzl PLC (LON:BNZL) shares after the business supplies group cut its full-year outlook. ...

2025-04-16 23:55:20