The tariffs that President Donald Trump imposed on April 2, and the subsequent pauses in some cases, have created uncertainty among companies around the world. Some of these companies have withdrawn or stopped giving financial guidance. This is a list that includes companies who have taken such steps: AUTOS & TRANSPORTATION AUTINS GROUP A UK-based company that sells car components delayed its release of market guidance for the month of April, citing the uncertainty created by U.S. Tariffs. CUMMINS The U.S. truck engine maker withdrawn its annual forecast on 5 May. Ford The U.S. automaker suspended its annual guidance May...

Leasys, an auto leasing company, aims to double its fleet's share of electric and hybrid vehicles by the end of next year. The rapid advancements in electric technology present challenges to the industry. Leasys, a 50-50 joint venture between Stellantis in Italy and France's Credit Agricole is the third-largest player in Europe's long term auto rental industry. The long-term lease, which allows the customer to rent a car at a fixed rate per month, usually for a minimum of 365 days, is an alternative to owning. In recent years, corporate clients have driven its popularity. Leasys is present in 11...

India and Pakistan, two nuclear-armed neighbors, have announced a series of measures to counter each other's actions after an attack on Hindu tourists in Kashmir killed 26 men last month. Take a look at what the South Asian countries have announced in response to the recent crisis. Travel India and Pakistan have closed their only land border that is open and their airspace for each other's aircraft. Both countries have banned all ships flying the flag of the other country from visiting their ports and their own ships have been told not to visit the ports of the other. New...

The shares of Australia's Qantas Airways soared over 5% to a new high on Monday, following a fall in oil prices as OPEC+ announced a faster increase in output. The oil price fell by over $2 a baril after OPEC+ agreed that they would increase production for a second month in a row, despite falling prices and weakening expectations. Jet fuel costs are a major expense for airlines. Falling prices give hope for increased profitability. Qantas has spent A$5.32bn ($3.44bn) on fuel during fiscal 2024. This is up 17% compared to the previous year. Tim Waterer is the chief market...

Wall Street and European shares surged on Friday, while the dollar fell as investors appetite for risk was revived due to a positive U.S. Employment Report and signs that China is willing to negotiate tariffs. The three main U.S. indexes rose sharply, with the more sensitive sectors of financials, transportations and microchips performing better than the overall market. The S&P 500, Nasdaq and blue-chip Dow are all on course to remain essentially unchanged for the week. According to the Labor Department's report, the U.S. economy created more jobs last month than was expected, and wage inflation was below consensus. This...

Zhejiang Jiaao Enprotech, a subsidiary of China's Zhejiang Jiaao Group, announced on Wednesday that its subsidiary has obtained an export license for sustainable aviation fuel up to 2025. Industry officials claim that this is the first permit Beijing has given to China's fledgling low-carbon aviation fuel sector. The industry has been awaiting export licences since last May, when a group of biofuel refiners led by private companies announced an investment of $1 billion or more to build new SAF facilities for domestic use and for export. The newly launched Jiaao subsidiary plant in Lianyungang in Jiangsu Province, eastern China, will...

Air India and Boeing are in discussions to purchase around 10 737 MAX aircraft after Chinese customers began refusing to accept deliveries due a trade dispute with the United States. Two people who were familiar with the talks confirmed this. Boeing CEO Kelly Ortberg stated on Wednesday that, "due the tariffs many of our Chinese customers have indicated that will not be taking delivery", the company may redirect jets to customers who are in need. Both the United States and China have imposed tariffs exceeding 100% each on the other. Air India, according to two sources who refused to name...

State media reported that Morocco's King Mohammed V gave his approval on Thursday to a rail expansion project worth 96 billion dirhams (10,3 billion dollars), which includes the construction of a fast-track line from Marrakesh (the country's tourist center) by 2030. The extension of high-speed rail, intercity, and urban networks has been a result of Morocco's preparations for co-hosting the World Cup 2030 with Spain and Portugal. The country hopes that the investments will also help to develop its fledgling rail industry. The 53 billion dirhams high-speed rail line will run from Kenitra, on the Atlantic Coast, 430 km south...

Air India and Boeing are in discussions to purchase around 10 737 MAX aircraft after Chinese customers began refusing deliveries due to the trade war between the United States and China. Boeing CEO Kelly Ortberg stated on Wednesday that, "due the tariffs many of our Chinese customers have indicated that will not be taking delivery", the company may redirect jets to customers who are in need. Both the United States and China, two of the world's largest economies, imposed tariffs exceeding 100% each on the other. Air India, according to two sources who refused to name themselves because the talks...

According to a document reviewed, the Vietnam trade ministry issued a directive to crackdown on illegal transshipment of goods into the United States or other trading partners in order to avoid high U.S. Tariffs. In the directive, dated April 15 and in effect that day, the ministry said that trade fraud would likely increase due to growing tensions caused by U.S. Tariffs. It said that if fraud was not prevented it would "make it more difficult to avoid the sanctions that countries would apply to imported products" The directive didn't name specific countries from which transshipment fraud could originate. Vietnam...

Iron ore prices saw a slight decline on Monday. Prices were supported by a near-term demand for ore and weakened U.S. dollars, which outweighed ongoing trade tensions between the U.S. The May contract for the most traded iron ore on China's Dalian Commodity Exchange closed at 715.5 Yuan ($98.15), a 1.27 percent increase. As of 0707 GMT, the benchmark May iron ore traded on Singapore Exchange was 1.69 % higher at $99,15 per ton. In a recent note, Hexun Futures said that the hot metal demand was strong and production at an all-time high. Iron ore demand is usually gauged...

Malaysia Airlines parent company, Malaysia Aviation Group is in talks with Boeing to acquire new jets if Chinese Airlines stop taking delivery, according to its managing director, who spoke at a Malaysian news outlet Bernama. Boeing is returning some 737 MAX aircraft to the U.S. after placing them in China before delivering to Chinese customers. It is unclear who made the decision, as neither Boeing nor China have commented on the reason for the return of the jets. Malaysia Airlines didn't immediately respond to our request for a comment. If Boeing delivery slots become available as a result of the...